Show INITIAL ISSUE OF SILVER DOLLAR IS ISS S BY CANADA rc has been some disappoint disappointment m ment t over the way silver metal bas been osin its market valuation of late some is lent to the tho situation 1 by opening up of now markets for forthe the white metal In addition to the sale oi 01 the metal in the tho orient thor there is demand better for its use iii North South v American countries Tho United Slates has not been c. c coining ining much of the tho silver metal for a of years but some of tho other countries on this continent arc aro consuming ing ing more of the metal for coinage pur ur- ur poses It is 18 probable that a now outlet al although al- al though thoth a small one for the worlds world's increasing in lu creasing silver production will bo be found bun in in tho near future in au iu increased demand domand de do- mand for the the tho Canadian government for coining silver dollars This form of currency was ivas authorized bytho Canadian currency act passed in April last and although it created much comment at the time tho treasury do- do has heretofore not felt justified justi- justi fied fled in issuing the tho coinage At present pres Y ent however dies arc being prepared and a moderate amount of the coins will likely bo be issued early carly in lOll 1911 It It is doubtful if this now source source-of J silver consumption will bo be as largo a factor market wise as was earlier antici- antici it It bad been estimated that the rJ demand would tall call for an initial purr pur- pur r of some Pome ounces of the white There has however been considerable divergence of opinion in Canadian fiscal circles as s to tho of issuing silver dollars a at all all- allaud aud audit i it was was only in deference to opinion in t io far west and Pacific coast that it itT itras T ras as decided to put out the new cur cur- 1 Canadian government officials do toot anticipate that the tho d demand mand will bo be extensive In the United States no o silver dollars ah ro been coined since June 1904 The I United States silver dollar was first Authorized in April 1792 uS years ago and authority for its coinage has continued con con- tinned to exist up to present time exception of a a. year five period fr ni 1873 to 1878 In that period of more than a century the tho United States government has coined a total of in silver dollars At the tho present prose pros pres e ent t. t time timo only of the tho coins are arc in in circulation an amount equal to less than 1 per capita of population |