Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1901-12-11
RATIFICATION LIKELY.
last Hay : Pauncefote Treaty
Seems to Have the Sen.
ate Right-of-Way.
IT MAY GO TROUGH THIS WEEK
No Serious Opposition Probable-Fig-
ures and Facts from the Mint
Capital Items.

Washington, Dec. 9.-The only meas
ure Of Importance which the senate
has on its calendar for the present
week is the new Hay-Pauncefote Mica
ragua canal treaty. Acting for the
committee on foreign relations Lodge
win ask the senate to 60 into executive
? session today for the consideration OF
the treaty, and each day thereafter
until the convention is disposed Of. 1t
can be said that at this time the pros
pect is very strong that the treaty will
be ratified, and 1t now looks as IL this
result would be secured after compare
lively little delay. There will be some
debate and some features of the docu-
ment will be criticised as undesirable,
but there Is no probability Of captious
opposition.
No Sign of Desire to Defeat
The criticism will be along the lines
Indicated by Money and Bacon In the
committee on foreign relations at it's
meeting on Friday last. No senator
thus far, however, has shown dis
position to carry his objections to the
point of ultimate effort to defeat rati-
hcation. The principal authors of the
criticism of the treaty are southern
senators, who are generally very anx-
tous for the construction Of the canal.
They ind that all canal legislation will
be tied up until action can be secured
on the treaty. and they are on this ac-
count less liable than they otherwise
! would be to do anything to delay ac-
tlon upon the treaty itself.
May BE Ratified This Week.
The most active friends Of the treaty
now claim that ratification will be Sc
cured during the present week, and
the opinion is very general that rati
fication will be obtained before the
Christmas holidays. Beyond the con-
slderation Of the treaty very little bust
ness will be undertaken before the
holidays. 1t is now generally agreed
that the question of reciprocity will go
over until January, probably without
80 much as being mentioned, and 1t
may be added that from being for
time the subject most likely to at
tract early attention 1t has taken a
position among the matters which will
not be vigorously urged.
REPORT OF THE MINT DIRECTOR
ably Too Small Now Fixed.
Washington, Dec. 9.-The report of
George Il. Roberts. director of the
mint, upon the operations of the mint
service during the fiscal year ended
June 80, 1901, has been completed. The
coinage of the minis during the fiscal
year amounted to 176,999, 1872 pieces of
the value of $136,340, TS1. The esti-
mated production of gold i'm the United
States during the calendar year 1900
was of the value of $79, Ill 900, and
notwithstanding the fact that this
country led the world in productions
its imports exceeded its exports by
$12,S66,01O The production of North
America, practically all of which
comes to the United States, was $116,-
O51, 500. The worlds coinage of gold
in the calendar year 1900 was $354,-
O36, 497, and of silver $177,011 .902. The
industrial consumption of gold in the
United States during the calendar year
1900 is estimated at $16,667 800, and of
the world, approximately, $75,0OO,OOO.
The stock of subsidiary coin In the
country is limited by law to 100000
600, and on Nov. i, 1901, the existing
stock was $90,613,512. The report
says 1t is probable that this is INSULT
cient, but the limit of silver bullion
purchases allowed will have to be
raised before more can be coined. 1t
Is suggested that the limit Of the coun-
try's stock of subsidiary coin be raised
to at least $120,000,000. No good rea-
son is apparent, says the report, why
the coinage of dollar pieces should not
be allowed to cease.