The following extract from the London Bullionist of 18th July will prove interesting to those who have not already come into possession of the facts "The facts about Germany's stook of Silver were brought out before the Financial Committee of the Reichstag at the end of March.
970 millions marks* in silver.
91 do, in gold, 1,061 millions had been withdrawn, The mint has turned out—
1,579 millions marks in gold.
425, do, in silver. a total of 2,004 millions.
"Tt has sold 450 millions marks of old silver, and has still to dispose of 400 millions more, that amount being supposed to be still in circulation, The loss on the silver sold amounted to 624 millions marks, which was partly offset by the profit of 43 millions on the fractional coin, The present condition of the silver market leads to the belief that there will be as heavy a loss on the 400 millions marks remaining to be sold as on the larger sum already throyyn on the market.
"Tt therefore appears that out of 970 millions rarks of Silver withdrawn, about half, 425 millions, was re-coined. So if 400 millions are still in circulation, it may be expected that only about 240 will be available for sale; but then it must be noted that the 970 millions were actual withdrawals, the 400 will have to bear the brant of the entire amount of the old coinage, lost or destroyed, and which will never reappear to trouble the world. The total amount of German Silver now likely to The mark may be taken as equal to a shilling of English money.
Text read from the printed page and cleaned; old type leaves the occasional error.