Show SILVER COINED I CARLISLE RESPONDS TQ V E aussr FROM A rr SIPEH Amount of Silver Money Made Slur tit Repeal i > r the Mierntan Act and rortlrnlnrly During the Present lear LOUISVILLE Ky Oct 3The following fol-lowing letter is printed this morning ly l the CourierJournal in reference to statements con imig the amount of silver coined since the repeal of the Sherman act in 1893 and especially during the present year Treasury Department Washington DC O < t 3 O O Stealey Washington My Dear SirIn response to the qiettlons which you have referred tome to-me I have the honor to say that during the present year that is from January 1 iSIS to September 30 1896 standard silver dollars have been mined at thf mints of the Tnited States tu the amount of 1391212 Since November 1 1893 the date of the repeal of the purchasing clause of the socalled Sherman act standard dollars have been coined in the United States to the amount of 17 sfi43i Or more than twice as much as was coined during the whole period of our history nri > r to 1ST The coinage of standard silver dol lars is going on every day at our mints and during the last month if amounted to U71IOOo SXTfi About the same amount will be coined during the present pres-ent month The seignorage or gain which has IIPTI added to the circuits tion on acount of the coinage since November No-vember 1 1X9 is about 3700000 and the seignorage or gain in the coinage of last month vas about 900000 The coinage is being done under authority conferred upon the secretary of the treasury by the third section of the act of July H 1S90 commonly called the Sherman act which provides that The secretary of the trnnc shall each month coin 2000000 ounces of the silver bullion purchased under the provisions of this act into standard silver dollars until the first day of July 1831 and after that time fie shall coin of the silver bullion purchasetl under the provisions of this a < t as much as may be necessary to provide for the redemption of the treasury notes herein provided for and any gain or seignorasr arising from such coinage coin-age shall be accounted for and pail into the treasury This law is fUH in force no part of the act ha ins I een repealed except the clause which directed the secrotary of the treasury to continue the purchase pur-chase of silver bullion and isue treasury treas-ury notes in cement for it and th coinage is Icing l made from the bullion belonging to th < government purchased before th repeat of that olaust The silver dollars coined other than the seiprrorage are held In the treasury treas-ury under the lau for the 3ernrtion < of the treasury notes issued in payment pay-ment for the liulli n and since iugiisr 1 1893 these roles have been r < leem ° rl in silver to the amount of 31126722 and the notes rave been retired and cancelled the sit er dollar tatting their place in circulation Prior to August 1833 none of ti notes had been redeemed re-deemed in suivr nr retired 3 G CARLISLE |