People's Pilot, Volume 3, Number 33, Rensselaer, Jasper County, 2 February 1894 — Coin the Seigniorage. [ARTICLE]

Coin the Seigniorage.

Discussing the deficiency in the treasury, and opposing the further issue of bonds, the Topeka Press suggests this remedy: “There is a hand a ready means by which at least *25,000,000 of this deficiency can be met annually, and that is by opening the mints to the coinage of the ’ $53,000,000 seigniorage now lying idle and useless in the vaults of the treasury. This silver has no representative in the currency of the country. There can be but two ways of disposing of this bullion. One is to sell it in the open markets, the other is to coin it, or, which is the same thing, to anticipate its coinage by issuing certificates against it, thus placing the seigniorage directly in circulation. No administration would care to become responsible for the condition that the dumping of this vast amount of silver on the market would bring about, so that the sale of the silver need not be further considered. In the coinage of the seigniorage, then, lies the first and best remedy. ’’ v