| OCR Text |
Show Silver Certificates unci Ibo Coiutitiv. Washington, 11. Secretary Sherman Sher-man was before the committee oo coinage, weight4! and measures, this morning and gave his views about the proposed measuro (or iesutug ccrlificateB of depo its of silver bullion. bul-lion. In this connection the question was discussed as to whether bucIi certificates cer-tificates should merely rc-present the bullion at its market value or whether tbe government should buy bullion with tbe certificates. It seemed to he conceded that certificates Bbould be issued, but the committee came to no conclusion bb to details. Dr. Liudcrmau gae information concerning the facilities fur coining the ntw tilvt-r dollar and said to double the precenl capacity would require re-quire three additional mints, or two iu addition to that nt Ntw Orleans. With these f5.000.0CO or (3,000,000 a month could be oointd. At prfeeul iTiHking allowance for interruptions, ,500,000 couid hwcoiued a month. This would make $30,000,000 a year. The New Orleans mint cnuld be plactd in workintr condition at a crwt of $50,000 or 75,0OO so bb to coin $1,01)0,000 a month. This, added to tbe coinage ot the other mints, would make $-12,000, 000 a year. |
