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Show TELEGRAPHIC Incrcuse of Nllver Coluuue Authorized. Au-thorized. Waubington, 1G. The following was isiued to day: Treasury Dei'ahtmknt, June 16, 1876: To A. M. Wyman, Treasurer of the United Stales: Sir, It appears from the report of the treasurer of the United States, comptroller ol currency and chief of the bureau of engraving and printing, dated the Oth inet., that the amount of fractional currency lost and destroyed, de-stroyed, and which, therefore, cannot be presented for redemption, U $8,0S3,oI3.50. The attorney general in his opinion of this date, a copy of which is herewith oncloaed, holds that in ascertaining the amount of fractional currency outstanding within the meaning of the third section of the joint resolution of July 22d, 1S7G, that there should bo deducted from the amount ot such currency issued and not redeemed tbo amount lost and destroyed. de-stroyed. The amount issued and not redeemed May 31, 1877, was $21,200,-930.33, $21,200,-930.33, find deducting the amount lost oud destroyed as above stated, will leave $13,126,416.83 as the amount of fractional currency which, according to the opinion of the attorney attor-ney general was then outstanding. You are therefore directed to issue according to law, from time to time, an amount of silver coin which, including in-cluding the amount issued since the date of the resumption act of January 14, 1S75, and the amount of fractional currency outstanding m thus ascertained ascer-tained will equal $50,000,000. Very respectfully, (Signed) John Sherman, Secretary. The attorney general, io reply to an inquiry of the secretary of the treasury as to whether be id athor- j ized to continue the issue of silver coin in place of fractional currency heretofore issued, shown to have been lost or destroyed, is of the opinion that the amount of fractional cur rency outstanding is to he determined not merely by the records of the department showing bow much has been issued, but also bow much ol that issue has been lest or destroyed, ao that it cannot be presented for redemption, and upon being satisfied b to tiie amount of currency thus lost or deatroyed, the secretary is authorized to issue an equal amount of subsidiary silver coin to replace it, provided that both the fractional currency cur-rency nnd the silver in existence does not exceed the $50,000,000 contemplated contem-plated by congress for change. . |