Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1903-09-16

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The profit made by the government in
the coinage of pennies pays the entire
expense Of the miuts 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 S1.9l0,390. The Seignorage, which
is the difference between the value of the
copper bullion and the value of the pen
MES after they are coined, was S1,9l9,-
$40, leaving balance of $3.50 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 ST,3T6,T22
pennies were issued from the mints. That
is about the annual average. The de-
mand is steady and regular, and keeps
pace with the growth of the populP,ion
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 he shipped direct
from the mint 10 those who apply for
large quantities. OF the ST.0000oO pen
MES which went into circulation last year
New York State absorbed 100000.
Illinois 100000, Ohio and Pennsylvania
6.00O.O00 each, Massachusetts 100000.
and so on Many years ago. whom things
were cheaper, the minis used To coin
half cents, but none have been issued
since the Civil War. There are 1895.
ODD outstanding. but probably most of
them are lost or in the hands of coin
collectors. OF the large. clumsy copper
2-eent piece which was formerly issued
2S.T1J,4l4 are still outstanding You
sometimes see them nowadays but not
often. There used to he Scent pieces
also. made of silver originally. but at
terward of nickel. None have been coin
ed since the Civil War, but 20.930,J19
are still outstanding although most of
them must be lost or destroyed.
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Internal commerce conditions through
out the United States are quite
iNClNLS. lNtNtlllAN VI 4lAE hloth at
FIVE markets this year to the end of July
amounted to 1874 SIT head Last year
II 232 ,O04 aead were reported 10 the cor
responding date, and 1S.590,3S3 head in
1901. In 1901 a total Of 374.9I6 cars Of
stock arrived at the same five markets,
303.41a ears in 1902 and 341 SOP cars
in 1.03. The total receipts Of the stock
for this year were divided as follows:
4 ri. L N ~
cars; Kansas City. 2.650,331 head in 81
30 cars Omaha, 2,S3i, 43S head in 40
225 cars; ST. Louis. 2.001 ,a45 head in
BITS cars; ST. Joseph. 1,1T3,260 head in
30029 cars. July receipts of cattle at
Chicago this year were the heaviest since
1892, with the single exception of those
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
were 297 .S01.345 pounds of cut meats
reported on hand. In 1902 the CORE
spending reserve was 209, $50 0ST pounds.
compared with 262, 43S4 40 pounds in
1903. Backwardness Of the season is re-
Elected in the figures of wheat receipts
during July the first month of the new
crop year. At the four winter wheat
markets of Kansas City. st. Louis, To
ledo and Detroit 11,344, l6S bushels were
received in July, 1901. as compared with
1l,695,0S7 bushels in July, 1903.
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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-
quired to take the oath of allegiance to
the United States. He found upon in
quiry that only citizens Of the United
States and only such non-eitzens as have
| been honorably discharged from the
| army. navy or marine corps are eligible
for employment in the naval establi h-
ment These requirements he considered
sufficient guarantee Of the loyisty to the
United States of the men in the employ
of the civil naval establishment.
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Secretary of the Treasury Shaw has
already begun the distribution of public
moneys among the national banks in pur-
suance Of his plan for putting out $40-
900, 900 10 prevent n monetary s.ringen
cy IL was expected that the Secretary
would not Increase the deposits in ma
tional bank repositories until interest
rates had gone up beyond the normal
level. One Of the last things he did
before leaving Washington on his trip
was to designate FIVE banks as United
States repositories They have been Civ
en- deposits, but the amounts were not
large in any individual case. Other
banks are asking for equally favorable
consideration.
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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 sec=et service has received a new
counterfeit $40 national hank note. on
the Mechanics National Bank Of New
Bedford, Mass. The series Is of 1852,
check letter b. charter No 743. Bruce,
register; Wyman treasurer Of the Unit
ed States 1t is good photograph on
plain paper. no fiber. numbers. seal and
a.