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Goloid silver dollar proposal and mint hopes
Washington dispatches detail mint capacity and costs for altering coinage and introducing a new metal alloy called Goloid. Director Linderman says New Orleans mint could be reactivated to coin 600,000 silver dollars monthly, while the broader system might coin about three million monthly. The plan foresees 258 grains silver 222 copper 25 copper and 9 gold with a value near 94 cents, claiming advantages in bulk abrasion resistance and retention in the U S.
MENTIONED IN THIS ARTICLE
Washington
Linderman
New Orleans
William Wheeler Hubbell
Philadelphia
United States
Wallace
Alexander IH. Stevens
House Committee On Coinage, Weights and Measures
Mint
Diver
Simon Cameron
Patterson
House Committee On Appropriations
Congress
Secretary of the Treasury
Jan
Evarts
Schurz
Key
Dum
McCormick
New York
State Department
Wade Hampton
Hampton
Senate Select Committee
Mexico
Senator Conkling
Senate
Board of Police
Capital Hill
Sumner Howard
U. S
Utah
Internal Revenue
Commissioner of Internal Revenue
North
South Carolina
Georgia
Spartanburg
D. C
Charles I. Campbell
6Th Cavalry
Department of Arizona
Kautz
Campbell
Department
Atlantic States
East
Cincinnati
Hayes
Capt
Hill
Tam
Democratic Party