Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1903-09-22


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 $1.910,390. 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 $1,919.-
$40, leaving q 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, a mixture
of copper and tin. Last year S1,376, 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 tie counter on
application, but will be shipped direct
from the mint to tho.e who apply for
large quantities. OF the S7,000,000 pen
MES which went into circulation last year
New York State absorbed 10000 900,
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 the Civil War There are 1885,
222 outstanding, but probably most of
them are lost or in the hands of coin
N 4fa lor oil
2-cent piece which was formerly issued
2S,717,4 Ala 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 20,930,519
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
Eve markets this year to the end of July
amounted to 17,734,847 head. Last year
1922, 004 head were reported to the cor
responding date, and 1S,590,3S3 head in
1901. In 1901 total of 374,976 cars of
305,419 cars in 1902 and 341,S02 cars
in 1903 The total receipts of the stock
for this year were divided as follows:
At Chicago, S,577,S4 head in 170,565
cars; Kansas City, 2,650,33 head in a.
210 cars; Omaha, 1881. 458 head in 49,
225 cars; st. Louis, 2,001,945 head in
37,773 cars; ST. Joseph, ], 773,260 head in
30,029 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, SS9, 0S7 pounds,
compared with 262, 439, 40 pounds in
1908. 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 Kansas City, st. Louis, To
ledo and Detroit 11,344, 16S bushels were
received in July, 1901, as compared with
11,695,0S7 bushels in July. 1908.
-
As a 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-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.
-
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,-
600, 0C0 to prevent a monetary stringen-
cy. 1t was expected that the Secretary
wouldG not increase the deposits in ma
tional bank repositories until interest
rates had gone rp 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.
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
a 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 a new
counterfeit 500 national bank note, on
the Mechanics National Bank of New
Bedford, Mass. The series is Of 1882,
check letter B, charter No. 743, Bruce,
register; Wyman, treasurer of the Unit
ed SOates. 1t is a good photograph on
plain paper, no fiber, numbers, seal and
panel 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
dered to make a reply.
-
Col Andrew Geddes of Iowa, chief
clerk of the Department of Agriculture,
has resigned his position. The court of
claims has recently awarded him So,
600 back pension pay, with an allowance
of $1,000 a year, and the law forbids
hiu, holding his position and accepfing