Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1903-09-18


expense of the minis and the cost of
making all the other metallic money is
sued by the United States. Last year
the total expense of the mintage system
was Sl,9lO,39O. The geignorage, which
Is the difference between the value of the
copper bullion and the value of the pen
MES after they are coined, was $1,919,-
$40, leaving balance of SS, $50 in favor
OF the pennies. We do not coin any more
copper cents, however; nowadays the
pennies are made of bronze, mixture
Of copper and tin. Last year S7,376, 722
+ pennies were issued from the minis. That
is about the annual average. The de-
mand Is steady and regular, and keeps
pace with the growth of the population
nowadays. The reduction In the price
of newspapers throughout the country
some years ago also caused an increased
demand for pennies, but it was not so
great as that from the department stores.
Pennies reach the public through the
sub-treasuries and banks like other
COINS being passed over the counter on
application, but will be shipped direct
from the mint to those who apply for
large quantities. Of the 100000 pen
MES which went into circulation last year
New York State absorbed 100000,
Illinois 100000, Ohio and Pennsylvania
100000 each, Massachusetts 100000,
and SO on. Many years ago, when things
were cheaper, the minis used to coin
half cents, but none have been issued
since tie Civil War. There are 1885,
222 outstanding, but probably most of
them are lost or in the hands of coin
collectors. Of the large, clumsy copper
2-cent piece which was formerly issued
2S,717,414 are still outstanding. You
sometimes see them nowadays, but not
often. There used to be Scent pieces
also, made of silver originally, but af
terward of nickel None have been coin
ed since the Civil War, but 20,93O,519
are still outstanding, although most Of
them must be lost or destroyed
Internal commerce conditions through
out the United States are quite
satisfactory. Receipts of live stock at
five markets this year to the end of July
amounted to 1874, SAT head. Last year
II, O04 head were reported to the cor
responding date, and 18,590,3S3 head in
1901. In 1901 total of 374,976 cars of
stock arrived at the same five markets,
3O5,419 cars in 1902 and 341,SO2 cars
in 1908. The total receipts of the stock
for this year were divided as follows:
At Chicago, 8,577S47 head in 17O,565
cars; Kansas City, 2,650,337 head in o.
21O cars; Omaha, 1881, 45S head in 49,
225 cars; ST. Louis, 2,001,94 head in
37,773 cars; st. Joseph, i, 773, 26O head in
3O,029 cars. July receipts of cattle at
Chicago this year were the heaviest since
OIL ion nf thnSn
of July. 1901 The increase in natives
as compared with range and Texas stock
was characteristic of July arrivals. The
state of the provision market as indi-
Gated by stocks on hand at the five
cities on July 81 is significant of lower
ing prices. On that date in 1901 there
We're 297,S01, 345 pounds of cut meats
reported on hand. In 1902 the CORE
spending reserve was 2O9, $780, 97 pounds,
compared with 262, 439, 440 pounds in
1903. Backwardness of the season is re-
fected in the figures of wheat receipts
during July, the first month of the new
crop year. At the four winter wheat
markets of Kans~s City, st. Louis, To
ledo and Detroit Il ;344, 1873 bushels were
received in July, 1901, as compared with
II ,695 ,OS7 bushels in July, 1903.
AS result of an investigation of the.
question, ACTING Secretary Darling OF
the Navy Department has concluded that
there is no occasion for any action by
the Navy Department at this time on the
proposition that all employees of the
Navy Department and navy yards be re-
uuired to take the oath of allegiance to
the United States. He found upon in
curry that only citizens of the United
States and only such non-citizens as have
been honorably discharged from the
army, navy or marine corps are eligible
for employment in the naval establish
ment These requirements he considered
sufficient guarantee of the loyalty to the
United States of the men in the employ
of the civil naval establishment
Acting Secretary of the Navy Darling
has decided that for purposes affecting
deserters from the United States navy,
the Spanish war ended Dec. 10, 1898,
the date of the signing of THE treaty OF
peace, This conclusion diSagrees with
ruling of the War Department to the
effect that the war was not closed for
administrative purposes in that depart
ment until April II, 1899, the date OF
the exchange of notifications Of the
treaty.
-
The secret service has received new
counterfeit $40 national bank note, on
the Mechanics National Bank of New
Bedford, Mass The series is of 1857,
check letter B, charter No. TAB, Bruce,
register; Wyman, treasurer of the Unit
ed States. 1t is a good photograph on
plain paper, no fiber, numbers, seal and
nanel of black tinted with thin colors
-:
Acting Secretary of War Oliver has
extended the time for making answer by
the st. Louis Merchants Bridge Com
pany until December next. Secretary
Root made a demand upon the bridge
company to show cause why the bridge
should not be forfeited to the general
government, and the company was or