| Show fOR TE MINTS TO ADD TO STOCK OF OP SUBSIDIARY ARY ABY COINAGE Will Turn Tum Out In Silver of the Smaller Denomination Under Under Un Under der New Law New York March 16 A special to the Times from rom Washington says 58 S The Tho mints I of or the United States Slates will be busy buS for some sometime sometime sometime time to como come In 10 undertaking to carry out the he provisions of the act that has just I become a law and that permits the see sec secretary of the treasury to add to tot the lbs t t Ck of subsidiary coinage The au authority authority to coin silver of the smaller do de denominations nominations has been obtained specifically from time to time but has been boen restricted to small amounts the supporters of or free I coinner of ot silv er having systematically re the increase of the supply of minor I r silver Director of the Mint lInt Roberts in talking I about th the objects and usefulness ur o of the tho bf I new act aa m 8 relating i to subsidiary silver coinage said sald Tho new monetary act approved I Mart 14 an Increase of about I J oooo in the stock O of subsidiary S silver V coin i The last authority for the issue of I subsidiary silver was nas given bv by b a joint 1 resolution approved July 22 i in pro pre preparation cl I f g f fr r the resumption of specie pay payments menta ments It authorized tho Iho issue ds ue or of an I amount which together with the frac fractional I aper currency curr outstanding Should M at no time exceed I June 9 18 1875 the act ct r for I r the nl m redemption ti of subsidiary s o sliver silver in lawful money was passed our old j I 1 I quarters and aDd halves which hart hai I I hem been driven to the e West Indies and South I America by our paper money mont began basan to I I I return They Thoy were presented for redemption until un the e treasury held over In Itt Inthis this way the limit was exceeded for the tr officials ot paid this stock out in the reg ma lar course of business until I it was practically aH aM absorbed The present pre ent stock in the country thus 1 reached re ched about Under the new law taw it may be and bullion bulHon pur put chased d under the Sherman act may be i coined The new authority was AS sorely I needed and will scarcely suSice for the growing crowing needs nee of ot the country more than thant five dye t ve of six Ix years ean |
