Evening Republican, Volume 14, Number 46, Rensselaer, Jasper County, 23 February 1910 — FERRIES COINED BY MINT. [ARTICLE]

FERRIES COINED BY MINT.

Output at Philadelphia Shows Big Prolt for Uncle Sam. Daring the year the United States mint in this city established a new record in the coinage of pennies, the Philadelphia North American says. No less than 1154)68,263 were coined. In former years the highest number was 76,000,000. JL ' . Demand for the new "Lincoln penes tfftiTwas responsible for the large ontdeclared that the requests for the pennies during the summer and especially daring the holidays assumed amazing proportions. To meet the demand, be Installed a plant for the manufacture of blank tolas. Prior to 1 999 all blanks war*

furnished by a company at Waterbary/ Conn. A saving of $220,000 in the coinage of cents alone resulted from the installation of the plant. This, with the seigniorage on minor coins of $1,385,000, shows a profit on these coins alone of $1^805,000. The seigniorage on silver coined during the year amounted to $2,600,000, making a total of $4,205,000. The total appropriated by Congress for the mint's running expenses was but little more than $400,000. The showing made. Superintendent Landis thinks, entitles the mint to the appellation “a regular moneymaker.” In 1907 the mint reached the highwater mark for pieces coined, 189,000,000 being turned out. Last year the total was 149,951,'921, with a valuation of $15,570,468.93. The large number in 1907 was due to the fact that millions of pieces were coined for the Philippines and for the republic of Panama. These coins are now being made at the San Francisco mint. Dtfring the last year 161.282 double eagles, 184,863 eagles, 627,138 halfeagles and 441,896 quarter-eagles, with a total value of $9,314,707, were coined. There were 2,368,650 half-dollars, 9,268,650 quarter-dollars and 10,240,650 dimes, amounting to $4,525,562.60. Of 5-cent pieces there were 11,590,626, with a value of $578,526. With Increased coinage the mint is now working with a lower complement of employes than ever before. In four years the force has gradually been decreased from 568 men and women to 454. We Cannot Afford Bad Government. Nothing is so foolish as to tell Business that it opght to be good, says Charles Edward Russell in Success Magazine. Evolution will take care of that. Either Business will come to be operated on broad, clean, humane methods, looking far ahead to great results, or it will defeat itself and man will be compelled to find some other source of primal supplies. For instance, the vice and graft alliance, although it enhances the day’s receipts, does not really pay in the long run. You can not in any city have a wide-open policy without very great waste. That is Inevitable. If you sanction graft in one way you sanction it in all ways. Booming red light districts mean a lax city administration with loot of the city treasury, dirty streets, bad pavements, reckless appropriations and a municipality down at the heels. Inevitably and always it means just this. In time all these conditions react upon Business. The game isn’t worth the candle. Taxes, and bond issues increase, dust. from the dirty streets injures" goods and spreads disease, the bad transportation service keeps customers away, the stolen assessments multiply on your heads.