The Archive · 1882

United States Silver Certificates

With reference to the circulation of gola and silver in the United States, we have received from a well informed source the following particulars of the amounts of Iver certificates on the 12th November In certificates of $10 each..$29,554,810

100 4,560,400 50 3,698,400 20 soveee 23,792,560

500 1,571,000 1,000 3,415,000

$60,592,170 Sic.)

From these figures it will be seen that

$500 and $1,000 certificates are used in the they are used simply as currency. The purchase of silver by the Government and in payment of Customs duties. These certificates are redeemable only in silver dollars, yet it is hardly possible to find $100 of paper money in any one's hands without one or more silver certificates and it dom that a gold coin is en. Tt is clear, therefore, that the $100,000,000 of silver dollars coined have deen' addition to the currency pure and simple, and that silver certificates pass unchallenged along with the green backs and National Bank notes, although not like the two latter redeemable in gold.—Economist.

Text read from the printed page and cleaned; old type leaves the occasional error.

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