OCR Text |
Show There is an immediate prospect that silver will once more come into 'general circulation, gradually taking the place ol the fractional currency, in accordance with the hnanco bill patsi d by the hist congress. Silver lias depieciiited in Europe 55 pence Lo the pound, and the premium is therefore reduced to a point which will render feasible its substitution fur paper change. The law provides for the retirement, of fractional currency cur-rency anil the issue of silver whenever when-ever the latter shall havo approached 1 within 10 per cent, of the value of 1 greenbacks, but so long us silver was at this premium or a higher one, there W-.s no inducement for holders to make the exchange-. As soon, ; however, as thu coin I. ills to ti or S percent, premium, ho ine jnveni. nt weight and bulk in h milling, together to-gether with the expense of shipment, intakes it an object lor holders of large quantities to exchange it fur piper money at par. Chicago Tribune. |