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Show SUBSIDIARY COIN AND SILVER PRICES. Bradstreet's, discussing the silver purchases of the Government, says the Government has decided to purchase in small quantities, to avoid the effect which large purchases might produce upon the me r-ket; r-ket; that before the public purchases were advertised adver-tised a good deal had been bought privately. The first purchase was of 50,000 at 66.62 cents per ounce. The Mint Director thinks that $5,000,000 in small coin will be needed annually to keep up with the progress pro-gress of the country and expects to pay 10 cents per ounce more than silver was worth a few years ago. Bradstreet's favors a law to enable the Treasury department de-partment to convert the standard "dollars lying unused un-used in the treasury," into subsidiary coin. '." - The question is why are those standard dollars "lying unused" in the treasury! "Why are they not sent South to the negro farmers! They would be just what the colored men would like to have to put under their hearthstones. Are the authorities afraid to use them lest silver might gravitate back to the old price by natural laws! ' The situation shows how wicked was the cry and the legislation that broke dow,n silver. The coun try needed every ounce of it for money, needed it always. al-ways. And now it is climbing back toward its old pre just through the world's demand for it. And a new coinage is needed for the Filipinos and there is trouble with exchanges in all silver countries. There would be an easy solution of the matter if Congress would only adopt the proper means. |