Show ANOTHER QUESTION EDITOR leniT TUB JOURNAL in view of th the e silver concluded and contemplated I 1 would like to ask ak the ine meaning aning of the word ai Senio Senior rape tige used med in discussing the quee question tion ot coinage when an individual brings to a government er mint a quantity of one of the precious metals to be coined on his private account lie he will receive a weight freight 0 of coin equal tho the weight of pure pura metal brought less the percentage deducted as compensation to the lie govern ln government merit for it its s services services er vices and incidental expenses of coina coinage 6 e and plus the weight of the alloy according 0 to the boston advertiser at the present time the united states government makes no charge for coining gold and does docs not receive silver copper or nickel for coinage on private account therefore the term seigna lorap is is not strictly applicably a to any transaction tint place in connection with federal mints however as lived in current discussions cus of the silvor silver question the term is taken to mean the nominal profit made by the government on oil its purchases of silver and tile the coil coinage lacre 0 of the same to illustrate the present market price of silver is almost exactly 70 cents an ounce while its coinage 0 value is precisely an all ounce so that on every ounce of silver bought and coined there in ill an apparent profit of 50 5 cents when it is proposed to coin the semora ge silver now in the treasury the meaning of the proposition is that all the silver bullion purchased under linder the act of july 1890 commonly called the sharman act not already alicade coined and over and above the amount that would bo be needed to furnish standard silver dollars represented by t treasury treasury no notes tes issued under that law shall be coined into standard dollars do llara |