Democratic Sentinel, Volume 19, Number 29, Rensselaer, Jasper County, 26 July 1895 — GOLD CERTIFICATE REVIVED. [ARTICLE]

GOLD CERTIFICATE REVIVED.

Treasury Resumes a Practice in Vogue Before the Reserve Drooped. The Treasury Department has revived the issue of gold certificates, which have been suspended during the period when the treasury gold reserve was below $100,000,000. Since June 25 last, when the gold reserve again became intact, the treasury has issued about $200,000 gold certificates on gold presented mostly at United States mints. There are now outstanding $48,370,000 in gold certificates. Gold certificates are regarded as the most convenient form of gold money and most of these certificates are held by national banks as part of their lawful reserve. Silver certificates are in circulation to the almost complete exclusion of the silver dollars, as the general public appears to prefer coin representatives to the coin itself. Only $5,000,000 of silver dollars are in circulation, whereas more than eight times that amount of silver certificates,are in daily use, the silver in bullion being stored in the vaults of the treasury.