VARIOUS MONEYS OF CIRCULATION. There are ten different kinds of money in circulation in the United States, namely: Gold coins, standard silver dollars, subsidiary silver, gold certificates, silver certificates, Treasury notes issued under the act of July 14, 1899; United States notes (also called greenbacks and legal tenders), National bank notes, and nickel and bronze coins. These forms of money are all available as circulation. Gold coin is legal tender at its nominal or face value for all debts, public and private, when not below the standard weight and limit of tolerance prescribed by law; and when below such standard of tolerance it is legal tender in proportion to its weight. Standard silver dollars are legal tender at their nominal or face value in payment of all debts, public and private, without regard to the amount, except where otherwise expressly stipulated in the contract. Subsidiary silver is legal tender for amounts not exceeding $10 in any one payment. Treasury notes of the act of July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt. Gold certificates, silver certificates and National bank notes are not legal tender, but both classes of certificates are receivable for all public dues, while National bank notes are receivable for all public dues except duties cn imports, and may be paid out by the Government fo. all salaries and other debts and demands owing by the United States to individuals, corporations and associations within the United States, except interest on the public debt and in redemption of the National currency. All National banks are required by law to receive the notes of other National banks at par. The minor coins of nickel and copper are legal tender to the extent of 25 cents. The coinage of legal tender gold was authorized by the first coinage act, passed by Congress April 2, 1792. The gold unit of value is the dollar, which contains 25.8 grains of standard gold 900 fine. The amount of fine gold in the dollar is 23.22 grains, and the remainder of the weight is an alloy of copper. The total coinage of gold by the mints of the United States from 1792 to June 30, 1902, was $2,328,134,400 50, of which it i. estimated that $1,068,311,784 is still in existence as coin in the United States, while the remainder has been exported or consumed in the arts. The silver unit is the dollar, which contains 412% grains of standard silver 900 fine. The amount of fine silver in the dollar is 3714 grains, and there are 414 grains of copper alloy. The standard silver dollar was first authorized by the act of April 2, 1792. The coinage of the standard silver dollar was discontinued by the act of February 12, 1873, and it was restored by the act of February 28, 1878. The total amount coined from 1792 to 1873 was $8,031,238, and the amount coined from 1878 to June 30, 1902, was $542,197,865. The coinage ratic between gold and silver under the act of 1792 was 15 to 1, but by the act of 1837 it was changed to 15.988 to 1 (commonly called 16 to 1). INTERNAL REVENUE STATISTICS. Includes $2,642 73 at $3 60 per thousand. *Includes $198,424 02 at 54 cents per thousand. Includes $18 at 12 cents per pound. Special taxes on dealers in leaf and manufactured tobacco, manufacturers of tobacco and cigars, etc., included in this total, were repealed July 1, 1902. Includes $4,294 68 at $2 per barrel, less discount. Includes $4,924 85 at $1 60 per barrel. 'Includes 3,078 barrels at $160 per barrel. Includes $102 24 at 2 cents, and $271,942 24 at 10 cents per pound. *Includes $367,844 23 under repealed law, and $9,888 advance collections under present law. foIncludes $79,765 under repealed law and $3.880 advance collections under present law. 11 Collections from adulterated butter seized and disposed of. 12 Advance collections under act of May 9, 1902. 18Special taxes, legacies, Schedules A and B, excise tax, etc., repealed July 1, 1902. 14Includes $5,356,774 90 from legacies. INTERNAL REVENUE STATISTICS (Continued). RECEIPTS BY STATES AND TERRITORIES FOR 1901-'02 AND 1902-'03. Statement showing the aggregate collections of internal revenue, by States and Territories, during the fiscal years ended June 30, 1902 and 1903: 1Including Nevada. *Including Wyoming. Including Rhode Island. *Including Indian Territory and Oklahoma. Including Mississippi. Including Delaware, District of Columbia and two counties of Virginia. Including Idaho and Utah. Including Maine and Vermont. Including Arizona. 10Including Alaska. FOREIGN TRADE OF THE UNITED STATES. |