Chicago Daily Tribune Newspaper, December 7, 1880, Page 10

AGO TRIBUNE: TURSDAY, DECEMBER 7, 1850—TWELVE PAGES. ‘i Prom tx on ctrentation and deposits Permanent. nunnal appre able etatistios nt of the pro | Upon dio fete stated, tt would to bo wise | perlad, tho amount tn tt Land of Rontkern Apaches hag virtislly como to ¢ Notional A fntrrest- on tho pubite dele e877 410 actu tH 1 eircutation of the | pelley now, In the aptrit of the Constitution. ta | Jig aida inerenged ho hans of the nivent by thu dent of that Chlof and moat ot | Of Suuonal banks, neereston tho pubifa del mh uction, consumption, and efrowiation wv Pieulate by law the enine value of tha two inet i f Amore than ¥1u5,oR, 0 OOnIe eatisia] of ONE Darthera frontier hy Sitting Ball 7 5, i ant his men {cho tid taken. retazo in the Brite | From sinting- func genevoee wanes tes AM of the ta this eon nation | Marthe fiscal’ sone ouding dui 2, other countrles, Of recolning tha sity pf the National binksis, that th ‘ition 10, dollars niroady | huginess upon A speele basis, thi ey are now on d 2 TUMINE oe , TTS Mm way Companies Collecting revenue BARN eee Phase tien ense weeps: BUTT, 019 Tho {nquirtes as to the production, uso In arta, | dolinrs of the welxht sicosted 18 | oot held by the Nation: RincUnt OF gud fs Dunuiniohs, nea also Ukely 10 coe ago. | Beam eltatonts f Faun goo | Siseoltaneots.s... PSEC Hie Suiting dine BB, cotnnun, and cireninuion of the precious metals, { vatiinnted nt nlunt 2 per cent, or ¥e al tnnten ig i 02,709.74 OTT croqred ainen the day of re: Much confuston and detuston have tis OM 2OL to SRG (ER, WI au and the collection of other monetary statistics | treatin Ce COL ty SURG CREE, wwthtclt fa MA prot the ditterenes between the | Go Inourown and force countrion, bnve been | erst of We liver bullion euiaa Inte allver dol” iiiypore Hn Thosrbploeans Feservo rewired by continued by the Mint Bureau, and muck yale | hus nnd tho, fieesvatue of tho dollars colned ‘Tho National pny Py Auld tntormation on there aubjeata Gna been obs | therefron, Chis ditereneo, from Febe 2s, ISB | waited Mater tons: Meld ven $20,000,009 of tuned, and willbe found In the report of the | the dute of tho net nuthorizing tholr SOAR: tO | before duly next, 1 mative on f rmptl ‘our inltary foreva, mut the, Tomalmler are Ap streatly. tn progress of distitegra tion. Leosour with the Seerotary of ty Tnterlor it oxpressing the wabiipal hoy i Ve Songress wit Tis avasion tnke favoratly vetion o areal ne for te miownaent of fands ott ay Fran proiits on lon trot glt Yotal ratimated exponditures, In- Nite ahaue ghana, 2,537,020 eluding Sinking Fund tee SION AGE TE TORN ee eeneseeneecver e ‘ a eed Ttinay bo that daring this porlot, by tho - 28x08 | Or an estimated surplus of. voseeS ANATT | change of our Mnaneht Gondition or teow n= PATS LT} Exehating the Sinking Fund, the estimated | foreseen ovents. tho Gove. ment will not beable, & 4 OTH o or rev ne i 3 ernie a2 eties fut % Direetor. Noveinber, 180, hy SOMES. Peon ttle should | “athe hte. a erent Fearrvations tu severaty 1 thy, Ludh Sean Fevelnics 0 eon.ano | exPedituren will be $250,014 A208, showing. | 8 tn times past, to apply suas Fo lance ta the | ate onostte of gold during tho Inst feat year | bo deducted ta expense” irendy Incurred im | peut by tho Nnetonnt ner URC. States Uonag With patents conferring too-sitnile 16 tnallene | eee els Auer | SUTpHU Of F0,09,117.02, : Fee ae ee i tak) Roonia mute | AmoNnted to E4000, bole €o0,os0.010 Hy ex | diatributing tho coin and by wastueo, wileh'| eulation: and for ober pysposne tee La" eles alle for certain period, and th a ae z no fttth.O0} | “rhe Secretary respectfully renows his recom: | Lond uy inercnand revenue, “This cautugenes | cess of that in the previous yet, notwithstand. | Mmountn te $20.01, leavin a the net wont | and the nveraze mmMONUt UE ements EE, position of the reat at tae ne eae A Total ordiniry receipts Einsso1 | mondation of list. gear that, with w view to | Rav ng provided for uy to terms of the. honda, | turn probable silehtly diminished domestic pros | ul peat the “wun OF BzHNGLN, Of whielt | tho State Lanka, mavines Mathes aUested by ¢ settlement, with the consent ast for the . . r s Hane OE OFM Lata dinpore ne the port of | Si10sa060 have teon dopusited tn thy ‘Trens- nnks, foaent of tho Inuinns, place the hitter under The ordinury expend tures fo! wim period | promote economy ty the publia service, 0 Hors ‘The Sueretary, therefore, revoromenta that. nF tho ws of the canntry. | weres manent organizntion of an appropriation com- Beow inion Le eayete fcc the eatin CE mit. amount, ‘This meastire, toxothor with MW Vigor pene | Har alvil exenses...s s.r. mittco for ench House bo established, who shui | Uenominations not tess that $10, bencing titers A Are Mice ndeaee. toward fran foralen iteruonrsa. have leave to elt during tho revess of Congress, | cat notexceeding 4 per cent per nnn, nnd the nalution atthe Indian problem, in prepare | Por inalitns, with power to send for persons and papers, and | rinalig front ane to fen yours, to bo solid at not bunkers for the # | and Prive Now Var af ¢ of Lerche galt coin ond | Ury. nud RT,COUHI8S romnin fa tho mints, faa By. tons mtg funn Muy iyate ar 9 Hon, 860,585,505 were deposited at tho New | movie! protic is burdened with tho necessity of | purpoees of aber ali tment ¢, ine kage aittce, Sand thors oxehnmued for | receiving, and thus practically redeeming, those | Lom or eouieteeinie’ SH SO5KI0, marin Jnited Staths voin or bars, or for current money, | dollara we thoi nome value in wold coi, ated ‘The profit upon cirowtation Neariy ill of thit coin nbd Uuivion, bulwe mt de | Of rolgauinge, tranguorting, and maintaining {hom | hankeut tho prescut peice of ott (he equil protect + 9 National nln SUT OLS are nal 1 > 0: 1 in . the t turing Mm above tho Whited States standard, ig oxcopted | Incirculation. ‘Thig burden will soon exhauat | et is estimated not ta oF bands In the mugs for tho rndual merghiug of ome Tudiun papilla | petra of WEUSIONSscoaccssessetsenanes GOWTTIITE Poa ae ee a ee ee ie A nkinne Reo forage | from v ieltingechirge wider percent Feguine | tho nomtudt pron. Whon hold by the Govern | tho capital invested, nd te tee BEF CON Aton ton in the great hodyof American eluizeuship. | For tha nillitary establishment, Nis Hinitine nppropiation bills toitensof appros | yeur, ud tho proces to the applied (o tho pays | Uons, rnd Istransported at Government axpenso | mont tho going nro of no more real value than | and National taxes fs wore Tham tt Of Kata = Te oe eluding ylyer and barbor tmproves PHAtlON MMC oxeludityr fogisinttve weariatwne: | Mend off aude per eeut boule uuiticing in bat, | fv the tint for coltaze, ‘The Colnago Inv wakes | eattal weight of etniulind sliver bullion, Lo | thy nmonut of eireulation, Per cent upon PUBLIC LANDS. ranges AUNT MESON oes esee sees eevee 8911G,018 | tint all appropriations, except for tha Interest | It is belloved that. with tho present favorntile ha neowlsiont tor any chatzes for melting gold ww extent of the WiTeronee between thot Tho banka aud binkers of tho A large Increase Ix reported In the Aisposnl of | For Pie musal establishment, inchid- onthe piblie debt, be limited to a period not | state of the money-market, a sufictent amount | bulhon whi ch fx not below the Unlted states | bultfon and nominal value, thoy nce pitrely tat coniplatned that the taxes upon bane, hare standard. when deposited for coin, and required | money, ‘hls nominel profit applied to the pur- | and bank capital alnes epost Auoh depoaita to fe transported. from the New {ehnad of silver Duition would vo suificlont to | Taternal Herenta net lnece eee, Oe at York Agsay oiion to tho Philadelphin mint at } meet tio entire coat ot converting the present 7 portioned to the amoimnt pald | public landa tor sottlemont duriiug tho past yent, which murks the prosperous growth of our agri cultural industry, and a vigorous movement of sel% machinery, and ln exceviing tivo yoara, sud that the expenditure | of aneh ‘Trensury notes, bearing nn aunual ine Nts TE MANY satiis, 19,598,018 | oF npproprintions bo strietly boned to tho | terest of 8 por cent, ean bo sold to mect 4 cons alhinenus ean Aeeagas {is verlod of time fur which thoy were appropriated, | siderable portion of the maturing bond: 1h feat punt it + is ateathy dispep. " My othor el public buildings, teht> ena fy hotter to confer upon tho Department adiae | the oxpenso of the Government. As nearly all dollars Into. an equal number of the proposed | of proporty, and It wanld wee Or Chigeey popuhitlon toward our unoceupted Innide, As and coltectiug the roventig, 91,595,691 ARiTORIOS OF TARE Oretionisy power to atipulto a. bighermaxte | eso imported bullfon deposited fs tu suelt a form dllluras oF, In othor words, If tuo present dollars | Vow derived 3 Rarelnoega at to tine sy this thovemunt proceeds, the corliticatlon of our For expenditures on nevount of the I A ‘hat eae) muny rate, to avoid. the possibility of failure, | that ib fs necessary to melt It, inorder to agcere | we ue nvertad inte the usa miber of tho pros | whon Congress might properly ended, Land Inws, nie well ita proper leglsintion to rezu= Vistriet of Colunbin, It wpponrs from the foregoing statementa that | gueh a diverotion ta not. Ieely to bo abused, | Hla its Hneness and value, 1 modification of tho | pused dollurs, the nominnl logs would bo Cully | on eapital at repeat nt ie dep xe hiv seas to uiuuorkze tchdege for melting ig { coverod by thy nomial profit uw in -tho ‘ros | fay on.elvemtations set CCUM tho presen, revmmmiended, ‘ury and the Mints, ‘The National bank: . The joi imported at Now. York, Muring tho Tt may be better far Congress nt tho present | oii the expectations ot i pene enller part of thy Inst Meeal year, exeecded the | time te confine its notion to the suspunston of | nished a site currency, of uniforin ees capacity of the Philadetphin mint for coinage, | te aoinage of tha silver dolite, and co awalt nee | ear ually wrerdded wii Girewtlatton, rowed hy For inturest an the pabite dépiea Ine tho disposition of public Innds, become of | For prema: on banda purchusdd.., qnore preesing necessity, and T therefore invite ——— tie consideration of Congress to the report and ‘Total ordinary exponiiturcs, the accompanying draft of abi, mado by tho tha surplus revenue, nutual and esthnated, for | while a power too enroftlly restricted may de- tho tiseat yonrs 180, 1881, and 1883, atter provid. | fent the benettell objeet of the Jaw. i wh ye Tt is ala recommonted that ntttherity be giv: ing for tho Sinking Fund for each yoar, {8 48 | on to getl nt par ud amount not exceed ng §10- Tollewas OWLOK of tally realtzes tur ons of the ehnarneter atid descelptlon, Sst vorintertes Leaving 1 surphis revenue of, For tho ye ened Junc 0, a 97,952,000 Per fed Btntes now | With ite erdinary warking-foree, without Ine | sotindons with forelgn Powera for the adoption | te ample reserve: Feith, py Public Lands Commisston, whieh wero commit- | Witete with ny anmotnt ev For tho year ondted Juno M180 eo SBOE ON | of uot pee ecut bouts of tho Ualted Rintos mow | curchime expenses nich above tho kpeciiic ape | ofatt Intornntionnl ratio; but, compelled by uf= | steomed Hort ae tho mutica multe Peewee. fe nfeated by ne to Congress tit the last resslon, cash balance In Tretsury, of. For the yene ending une i, 12... BATT | exceeding 3.05 per eont per anti, and tes | Proprintions for is support. The colnige of aoa uty to bobbie uncut Ble Hank cats ne Hae othor legisiation in tospoet ite those fete No Farly action upon this iinportant subject Is Mating, ‘This naturally presenta to Congress the ques docmnble at the pleasure of {he Tuten Htatoa Hold at Hy ble etniin ful tune audio anon toate Fount Foela pau to exppose ia coy cnon tae corporations scoms to be required at the prisect hiehly dostrable, o ree creda nay Hon whether tho surplus rovente nccruingattor er ffteen yours, tho proceeds to bo npplled to | oi ais orto inw directing the purcnuse | 08 thochiof producer of xitver, to recognizo tho : ‘The attention of Congress is ogaln asked to Was npplicd to the redemption: tho payment of bonis redeemable on or before | Kt pure J Of bonus for the Sinking Fads, tho wasteful depredations committed on our | Of fructionul currency for tho Sia public. timbertonda, and the rapid aud india for Fund. cess eriminate destruction of our forests, ‘The tire ) OF Mo lon of Tes gent neecsalty for tezislution to this end fs now of fenmnorary toa generally reermized. Tn view af tho lawless | OF bountyeiand scrip, thuvacter of the depredations. comnntted, and | Of coraponnd-dntores! tho disnstrous consequences which wilt lnevitas | Of Tt notes of 16t bly foltow thulr gontinuaner, tegisintion hus | OF She cru twee eat ny again and ngutt been recommended to arrest the | OF old demand notes... evil, and to preserve for the peopleol our West Total ) ern Stites attd Verritories the thinber needed for ‘Ota, sere 8 77,056,000 | the present year snot bo uppiled tg the | diy “1, 1asl. ‘Though the amount ut = furtherrednetion of tho public dent, orwhether | the two classes of securities. revo . S3L717 | taxes now Imposed shotld Ue repenied of mod[+ | mended exceeds tho nmount of bonds to bo ba Ned to tho oxtent of such surplus, The many } feicomed, no more can fy sold thats tho bands i to bo redepmed, while the alternative authorized and sudden changes thit huyve herotofore oc- | wit permit a iimalted dixcretion to sell the curred In the amounts reatized from our sys | rites moat favorable to tho Governtient. With tem of taxntion ara 9 sutiiclunt warniny that Pans ante ta ree pecan eniab it Janolfexpil Y # bat the Department eat within a your redeon hae shalt nok dia suirrunitorsdl ilcts We AI tho Sand G per cent oneds tw “utatantdlne, ps fatisfactorily appears that tho surplus is pe and thus reduce the Interest of the public tlebt 8 703,087 | manent, and not merely temporary. TE the | $12,000 per num, mud teave tho debt inn stud Colas of €2,000,00 worth of sflver bullion | gremt change that hits oecurred tn the relatlve >) a oe freveh month, and to satisfy the demand for | marketvalte of silver ant gold Ih thochlet | gy, BS UBLIC MONT Ys, infnor coins aithorized to be struek only at that | martsof tho‘world, to udoped ratio for colnaye 19 monotary transnctlonsuf the Governmong miiit, ‘The mint was able, with tts other work, | based upon market value, and to conform all { linve been conducted through tho olftees at th Wi AMOUNt Hite oxceuding on the | existing eolmigo to that ratio, while maintaining | United States Treaster, nine Assistant T : 000,000 Pur month, but this was found | tho gold cole at tts present welrht and fineness. | pros, one depositary, and 180 Natlo Fea to eatlaty, tho, fnmedhite demands | Me contidently believes that the vifeut of this ieee " National bank des tipon tt for cain, At tho clase.of the your tore | Menstre would be te nuke our wold and | bosttarica, remuledin tho mints and New York Assay | silver coins tha best international standards Tuo recelpts of the Government, offles 310,748, In gold bullion unolned, nearly | Of value known, Already: tho double-curle, | during the fiscal year, as nhown by Ww ALof ft Insported. issued without cost for colnnge, and dn greater | 951530, 71hA, The nnount of coltogo excented at tho mints | sume than any other gold eolu, and of equil at is Py Wis: amounting QUTANS, to Were depostted as follows; In fy. domestic nnd other essential osca, The amount due tho Sinking Pund for this | taxes Imposed by existing laws ara not op- | form mast favorable’ for sends) payment by | of the United States, turing the ducal ule tar anty, tlio Prietion mieastiroe by Senvaiunbtreauity, le Sata fn The report of the Director af the ( yonr was 77001081, Thora was applied thoreta, | pressive Mn,thelr nature, it is perhaps betterto,| tha applleation of tho Sinking Bund without | Meili tai donate Mil Gountervind countries the mostvanventent | Ag far as accounts have been uljecr Survey isn dooumentor unusual intrtest., THY | trom tho redemption of Louls and fractional | bear with them than to endangor thy ability of Pee ee Travtional aliver colt , aay | mediuun of oxclunze, 1eis believed thi a silver | ange fiscal yonr thore uppene to. Wo eee eee reappicel surveys Y exploring enterprises, | currency, us shown Int the uhove statement, tho | the Government to meet the current approprla- RUSUMPTLION, Minor coins, ee 20,071 Holine a A eRe su ral of te pro winesl the Government by pnblla. allleny lo33e3 19 cach of whieh bus heretofore operated uponian | sion ‘of 873,001,017, an excess of SH UTA0B over | tions and the Sinking Fund. 4A large portion of Nothing has occurred ainee my tast annunt res a tera, Sawa ee eed “gual aT. portuge swat Pere et re pan aot clthor tn the reeelpt, sutu-kueplng: ne iuaned Ce aa RT Re eT eT eal renline for he sal ine the miralan fat oven over expondltires| 1a | port to distur) or embarrass the easy mali |) Of te gold colnnee S180, in ongles, | to fix to murket valtioof eliver bullion nt tho | ment of the pubile moneys, 1uistony was In engles, regretted, 815,700,500 fr. haa les, ond Sh hotk0 in | FAO proposed, and would thug, 08 fur ns pric- | however, that the daitte-ongles. Muhths of Aeaiatie wis | Heable, avoid tho eluuning relative yatta of the | tig fssue rit eas Of loss throuey in denominations whieh were loss thin $20. | two metila, while giving a steady mirket for tho cates of coupon bonds, ex. ‘hla was wot only a tieger Proportion. chau fn | silver product of our country. pressed by tho Mirat Conteollor, in his report (og any preceding yenr, but was In amotnt nearly In this connection the attention of Congress | lust yoar, has proven too well founded, Upon, Caiint to the total coinazo In, there denomime | fs fespeetfutly Invited to the operation of the | whne aecmed to be suilicient ovtdenea ef thy i tons during the preeeding thirty yonrs, net dpproved June Y, 189, requirlag tho re- fon of 1 850) coupon bond, wdupliente wee Tho voin clrenintion of the country on Jan, 3, | demption Jn lawful money ut tho ollleo of the govoral yenrs sitice, and subsequently re 1970, tho date fixed for resumption, 18 estimated | Lreaiurce or any Assistant ‘Cruasuror of tho as required by ‘lav. Som thine arree from tho stttisties of colnuee and excess OF line | United States of tho silver coins of tho United demption the oriwinul bot wus prea, ports of coli over exports, to have been— Blates of gauller denonnations than Bl, Jntaet by an innovont holler, und, hpon ay United Srites gald coin. LTBI TOT inne fraction Mes coins wero atithorizod | -yeeonmendation of the Controller, ‘It was ne United States gotd outlion: GoW dD | BS fhe po npn Feb, 2, 1833, Hcy were | deeniel, While there geomed to be no alters United States silver coin, STALL guaigyiae | minds to contain o3t grulos of stundard silver to | tive but to pay this Loud, the avntlability of an; United Stutes sliver bullion 2 Mios700L | (He dollar. This was subscauontly changed by | appropriation for the purpose my ho quer, . the Coinujo avt of 1873 to twenty-lve Brammes | toned, and Congress will be nskeil for's ne PGkatscccs Susy cenien | OFS eins, ‘hey thusvontaluat ruin, oF | eeded legislation to mnect such eusey, “8 ‘This Hind Inerevised, on tho dNth of June last, by | Hollins, ‘Pedr to Teh by: rewwon Ge tne lance | q¢tltoaul loxtslation to authorize the refund goinnge and inports of coin, to production of gold ih Californin, tho standard | Socsivers of publie moneys ie hewn ae United States gotd coin 158,053,001 | silver dollar and Its fructiound parts had rison in | the Firat Controlicr and incets within eee United Stntes allver oo! HE 507,00 | market vidue above bur ingold.and were ines | "tho colnaud of ellvor titer eee ete ; = | ly exported. ‘To provent tholr oxportution, aud | pieces wus discontlined by tie Gel eee "Total . $60,565,711 | In necordunce with tha example of Great | Teen and that of the silver Macon wes. te ‘Thia was further fucrenscd from colnaye and | Uritiin, tho polley wns udopted, by Nutt ‘net, of.) tho not of Muy 2, 1878, Since tho itet of dune Imports, during tho four months, to Nov. 1, by— | reducluy the welght of the minor silver colt, | Ist, providing for the exchange of subsidiary Coinage of gold...... seees svecaaseS LDH 609 wo tt pulley a porated wall until in tho spring | coiis for laweul monoy of the Walted sintes: 4 Excess of arts over ‘oxporta of of 18 both gold and silver coused to eiroulate | Jarge nmomnt of silver coins af the uhoye-mene United stutes gold coln. 1,820,001 | 1S mone uring the suspension of spuclo- | toned denominations has uecumulated In the ‘ +$ 10,905,190 payments a remurkubly decrease in the valugot | geverat Bub-T'reustiry Gitlces, Choas evins cone ‘otal... x ut y Cottuge af'sitver 3 MOOD the alver ina dollar of tho fractionalcolnisonly | ne they ura nat again i teyewhleh depend upon the develop . ond the paymentot the. principnl of the pubite | tetaneo of gpcelc payments, United states tho country veiieb depend upat 1Ne HEVCIOTE | navy heen gubstantially obsorved, and (ho pele eee eae eee eet ste daused | totes nro ready taken at wag wlth coln ti all the ecientifia men of recoznized merit, who | clpal of tho public debt, less ensh in tho Mreas- | py refunding aluce Mareli 1, 18y7. 18 $14,200,450), | parts of this cowntry, and in tH chier commer. compose the co of the Gvologieal Stirvess | ury and exclusive of aeeruing Intcrost, bisbeen | and tho raving Of anni Intercat post) in clul marts of tho world, The bulanco of coln In during the fret senson of thelr Held operations | requeed from S270, oT), ite highest. point, | fem the payment of BtUi,189,80 of the print pa ‘ 4 f D naniiries, appenr to have. heen Very cole Sei CAST, ighert pol Fee ee ee eka dite gottie | todrensury availuble for tholr redemption on a er ie ee ecutive commmuiented to | Which Itreached on Aus. iil, 1865, to 81,800,25,740, | SF a)° dug imieseat ie iikely to. Wa still fucthor | tho Ist day of November last was $111,507,01.01, Jongreas fi a pitmber of voluntes, The Director | on Noy. 1, 1880,—2 reduction of 88,405,500, reduced during the next. yeur inan amount es- | and tho average during the year hua not mute. of the Survey revommiends that the hvestiyn- Compared with tho previous flsenl y tho | thnated at $12,101.4%0,60, by the refunding of | rintly varied from that stm. The only naticen- tons curried on by bis bureau, whiel, £0 ) rovetpts for 1840 have Increnscd $42.0%0,433, inthe | bonds na hereinafter proposed, To the extent } ig eianga In tha reserve Is tho mrndunl inercusa re bhve been confined to tho. so-cniled is fe 5 ieee t ert enving, ninounting to $32,539,- futtiectnna States and ‘Terrttories, bo extended | following Items: In customs rovento, $il),272,- if a tho pahlie cependitures will is per. | of silyor coin, caused by tho colnngo of tho sil- over the entire country. and that thy ueccesary ON: In Internal revenue, $10,447,763; Insates of | mancntly aluinished. The large inerease of | vor dollar and tho redemption of fractional all- approprintion be nudo for this purposy. This | public lands, $91,2%; in tax on elroulation and | revenue fran cistoms on a few articles during | yor colt, more fully stated hereianfter, world be particularly benelleial to tho Iron, 8 Ni S2uTATL: : the Inst year. ni ‘be somewhat nbnorimut y - Loni and ottice mining Interests of the Missis: | Uchostts of National bunks, $2ut"(71; In proceeds | AN “tha ¥ Catlin bused upon ie may | ,, LHe Amount of Notes presented, for redemp- & sivpl Valloy und of tho Enstern and Southern | Of fates of Government, property, 81014873 | hot be realized. It is a question for | tlon for one year prior to Nov. 1, 1880, wus Bullies, jfile antuact i comncisdell (0 the care- a pe sets Se ale Era Congress te determing suinther, Ay mat fan 1. $700,658. Tha amount of coin or bullton de- ful consideration of Congreys: fous, $240; In steamboat fecs, 812.0e3; In | duction should mide at a time when tho | posited {n tho Trenstry, assay olive, aud tho ‘The Becretury of the Interlor asks uttention to | Marine-Hospital tax, $27161; tn intercat.on Tn« | Whole surplus rovenug muy be with erent od” | mints during tho sume period was $71,is0,635.07. the want of room In the publle buildings of the | dion trust-runds, $011; tn sates of Indian | vantage ipplicd directly to tho prymont af ace | ji, sodoposite) have tally boon pald for s Capltul now extating and it progress of con- 728K); in deposits by tndlyiduals for | eruing debt, and when such surplus is an impor: exe depos! wsnally been pald forin struction, for the accommodation of the elorieal | gurve: ese0,002 nnd in mise | tant clomont in ald of refunding. If tt should | colu, through tho clearing houso, but at times, forey cmployed, and of The publie records. | cel itiee 4. There was n decrense | be determined by Congress ta reduc taxes, It 18 | when tho currency In tho't'reasury world allow, Necesuity uns compelled the renting of ht vite 1n premiuia on loans, | rospcotfully recommenited that nil the taxes im= | ane ae tue request of tho depositors, they have buildings in diferent parts of tho city or the tH payment of interest by Pacitle | posed by tho Internal-Rovenue inw_ othor than b td for In United Bta te cd sitve: location of publig ollices, for which a furs , y Compunive, $009,833; in profits on caine | thosoon bank-cireulation and on spirits, tobuc- | boen pald for, In United States notes and silver amount of rent 43 annually patd, white tho Sipin promium on stile of coin, Sac co, and formented Iquors bo repealed, Tho tax | certltleutes, Gold coln_ ow enters Inrgely into soparntion of ollices belonging to the sume De- rustuma dines, penatttes, and forfettures, | on tho clroulntion of National bunks ts luvied genernl eireuiation. OF the revontue “from partment fmnpedes the trunsietion of current | ssuiss: in etstoms-cmolument fees, 84748; and | partly in tho nature of t moderite charge for a | customs, collected In New York for ono year business. ‘Tho Besrounry, Bitgyesta thot tie fh ununtmernted stems, S45 0,.—muaking a net | franchise conferred by tho Government, and { ending Nov. 1, 188), 47.47% por cont was pald in Diocks surrounding Litfayotte Square on tho | increase In the recolpts, from nil sources, for | Partly to furnleh monns to pay tho expense of gold coin, 00.125 per cent In gilvor colin, UL037 in enst, north, und west be purchused ns Mo sles | tho year, of $50,002," printing and issuing Nattonul-Lunk notes, tis ) silvercertiticates, nod 11.31) per cent in United for new edifices for the necommodution of tho ‘Tio expenditures show an inerense oyer the | nally’ collected by tho Treasurer of tho United | States notes, While no distinction ns to value Is Government ollices saving the equare itsell previous s ie of £25,100,560, ng follows: In_tho | Stutes, and fs i Just and propor tax, whether re- | indo betweon coln and notes tn business trans- Intaut; end that, if web bultdings were con- | Interior Depiriment, 205,010; (Indians, $73%,- | xurded nen einruo for tho franchiso or as a | itetions, a marked preference Isshown for notes, structed upon aharwonlous plinof architecture, | a18: ana pensions, S21 in premitim on | means of reimbursing tho Government the eust | owing to their aupertor convenience in counting thoy would add mueh to the beaut of tho Na- } bonds pnrehaged. $3, “, ‘Thera wis n doo | Of printing tho notes, Tho tux on Btute banks | and carrying. Many of tho current payments ¢ donal Cupitat, aud together with the Treasury, | crease of S440 ns follows: Inthe War De- | 18of the gravest importance, net for purposes | from tho Trensury nro n sarily inade In cali, and tho new State, Nav fs nnd War Department [ pnrcment, 2508, in the Navy Department, | of revenue, but nv check upon tho renowal of a | and much of tho funds held for the redemption bulldig, fori one of the wast hposlug yroups hess, bis tf “0,- | ayeten: of Jucal Stato puper money, which, as It | of National-bank notes and of notes of bunks ee pUbHO edilieas in the world. 2188, 123 In the fnterest on public debt, $1,570, etc pap ys s ‘ The Commissioner of Agriculture expresses g= allvor ovcurred, and now tho market value of | stitute n portiott of the ‘Keenaury Inlanee, und, § Par OE reassess é brig cents, eoived in oxohnngotor lavetut tones teee be Excess of tmporis over exports o ji : syohe , uf Maney, they bee United States aitver colin. pars Gorsat | | Tho amount coined prior to Noy, 1, 1830, uniter | come practically unavailable for cutfent: tse, —-— | tho provisions of the Resumption act, which | ‘Cho necessary legislation for thoir proper dispus Total.ccscssescsee ese, S$ 9,080,624 lee Teer mea foe. sriatiount: currency, sito Ea eer un Was S2,07h081, ‘Vo this has been added a vory y referonce to the tables necompunysny th serhere was in tho mints ond assay offlees on tho | Turse wiim (sued before tho War, und wgnin Ie | reports fe will bo seen thu, sluee the gett amounting to SiH OSS, BUGS of wold, und £0, ike troduecd Into clrentation sinea the resumption | tion of tho Government, thore has been paid Sura of silvers nalcing the honitonte tiredintion | Uf speel ments, Ibis ditlicult to determine | Into the Treasury to tha clos uf the nat tical * tie amount of such old cofunre jn clroulution, re sees o S15, and bulifou avaliable tor eolnage in the vountry | put it 1s bulleved to exuoul 32400000, elon 3 | ud ion a Hvis aud in the clyiland miscellaneous, £1,028,- | Would bo fasued under varying Stato laws, would | that hive fulled or suspended isincoln, The been 000, tho n thiafruetional coln tiled ‘upon witrrants In consequence of saa 1 hecossarily diifer ns to conditions, tering, and | total coin in tho ‘I'rensury, at tho elosa of” bust ‘gisnaeqony | the net of Juno 0, 18% f os tho confident bellef tute ins ciforts in Debit of | {are eMe Se gee, [erense In tho expouditures | eerie, and coutd nob from its diversity, bo | ness, Nov. 1, wns SIN ii oh, OF whieh R149 GUTy- {OHIO tho ehimungly of Glreulution, eapoctatiy in some) ‘pepropelations nude by esto. tho production of var own stir ind ten t uunrded againet countorfolting, and would, at | 013.01 constiinted tho reserva fund for tho re= ere, UAE that date thore wabin tio irnsary 10 BING ULC, THO BUM OF, ..6646 18TH ALO Deon enournyingly rewarded. The {inpurta FISCAL YEAR 188t eat, bave but Hinited clreulation. domption of United States notes, as above 203,003 | SRSUIA80 fructional coins on the. iatot Novem. | Leaving wnexpended, charged to” attention abhome, and bave recel For tho present figeal year tho royonue, actual eNIN tulrom f 1 nf SqRA <4 ber, 188), tho minonnt wis 21,6944, from which | — the ‘Treasury, thy sum 0 sooo 2AM aD ieee roralich tutiouss The" ance p Hd * REFUNDING. har reairenionts ob the: Test inning Bae STANDARD-SILVER DOLLAR, We itppeuta thie $1715.00 ui beck redeomed ‘Tils-amouit, howover, is not ‘all fy fud estimated, {3 as follows: fuleutivation ef eur own tea, and tho mant- 5s Alarge portion of tho pubilc dobt becomes | bean fully demonstrated, ltonty remains toln- Tn comptinnco with the provistons of the act of with awful money, ‘Tho whole amount In the, | -cnsh, but fs made itp of tains ay fallows: Tucturo of our own sugar, would imake 0 diifer- Forins quate. eal (ig | payable or redecmablo on or before July 1 next, | quire whethor any furthor inensures are neces. | Feb. 23, 1878, during tho Inst tlseal yone 24,282,571 Paced Ve Saag ort Hare of ee | pemery as Atmount deposited with the States en Bk Fanny nultiions of dollars nunuuily in tho te 5 ge three ig ag follows: Bary or en fedlont. a sveure the mulitenance of | standard ounces of allver bullion, costing $2t,- ae excueding S10, nad ‘ie thorofur Y not aval: June Tes Sone baie 3 1010 “ithe repart of the Commiselonor an: Saetiidle” ype Bae 9 BESS Fesumption, ansccrutary exprcseca, the wt | 972,101 (an avernwro of $2081.013 por monthy, were | able an aah far ctioral purposes. it would | Aiaune inlelig tron Wtaication’, ~ afectious and contagious cutth: From intertal revel ands WONT “ & g55y5 thorized and otttetanding can be enatly maine | Into 27,\06s,700 atandard-allver dollars. Tho total any further fraotiona Rolle Bore rece hy i MUN ececerceredsecece ov: 204,085,805 aud dreaded in Europoand Asie Krom sales of pnblle luiidayee, 43h 7 8 £089 tained at par in coin oven If tho present fayora- | colnago of standurd-alver dollars since tho | Mud contain silver of approginante colwtice trotal, = Seplouroepnetmunl “A iol spe oF chin dist) Fai ae a acuiRa A ee aes E pheen| bio Umuncial condition should change: but tt | puaango ot the net, up to Nov. 1,188, hus been | ‘nite to tho standard caine he nominal prot | Ag tho” ree Wo ‘Hohe are hob avail or ip of grent loss ty ont farmers aid serie | Prom repayment of Lutorun a SEeee 2 be kept untinputred oxeept by such paymenta uy | St487,760, nt which dato $17,091450 woro tn tho | heretofore derived frow this, solnage is quite | disbursement, it would yoem unnecessary to ous dfaturbunce to our trade with Grent Urituin, | by. Bete be * ontso2 1,388,607 % eae ee = may bamude from [tin redemption of notes, | Treasury, Of tho Inttor amount $19,780,241 wero fluo respecttitis augienvad tite error itu at saan SOnabe ie GAEL GE the pulanicos but Which furalshes a market for most of our ves | xrmn ciistatis foun tiiuKs bei . S Seba 1s! Notes redeomed shouid by temporsrily held in | represented by outstanding silver certificates, | ASQ sPeucct ms eugeeslad tink tho wet ot duly | Helter of thom cau be disposed of without aus stock and dressed meats, Tho -valuo of neste | _ nites, ate 381,870, 8,129 2 ofesg pince of coln puta out, eapeolally if lt uppears: M 1810, whould be repealed. hen fractional | thority of law, though tho wmaunts represented uuttla exported from tha United States for tho | From tous- is mp Beye | = that tho eall for coin Is grenter In neat thie tho amount in netualelroulution ut that dato bor | coln ta Jssucd ns money, It should be treated Ike | have passed beyoud the cuntrol of thy Dypart- oight months ending Aus. BL 1880, was moro | ,.pitent. und lands. 1,007,055 as BS a 5 a tho coin coming in due courso (nto the ing $25,700,291, other coin, to bo received ‘by tho Government | ment, or entirely disappeared. than $12,600,000, and Heitrly dexible tho value for Ra raea ats GE Ca OE gals ene f giigislt orthe mints, Ordinarily te supertor Siuco tho pnesngo of that act tho Dopartment | Whe te mama conditfons ns ty tho peaplo, but | | Lhe first umount was by: Inw deposited wit the sume period In 187), an untexnmpled Inerenso P prohis ttt eolnade, ote, SSOSET Alehiy Bt fence of notes will. ne at present, make a gr bus fustied numerous circulars and notices to | Tyust bo clussed ne money: to bo rodeemod, ft | inonbenmrar withdene acct ‘ oe of exportirade, Your enrly attention 13 sollelt- | From revenuos of tho Dist haeerstae demand for them thun for cofhy but in caso of | tne pubity J ne i i alt eat id od to tls hnportant matter. of Columbin., oA 1,510,197, i Bt an ndyesse balanee of trate, or n sudden panic, tho pubile, Jn which It has offered overy induces | should be supported by n resorve, ke othor ro- | thority. ‘bo second {tom montioned are many From miscuila 321000 AMSG ae 2 or othor unforeseen clreumstances, the iunple | Ment seals Ecoule under the law to favllitate | decmuble monoy. qenrs agg trout re a pe pie ee wie * re ee, “ee ESELE Pathe n ‘ 4 , wernmene. he EDUCATIONAL . ‘ Total recolptt.ccece coo STOO PANT Saas . reserve of coln on band beeomes tho gure, gifo~ tho general distribution and circulation af thoso ree tea und or nub oll hte 10 ie pant fag Tho Com:atustunor of Education reportaacon- | ‘The expenditures for the same perlod, vetual 2333 Fee Ee NC REEL OG, TORR fan eae | ealuse, Te Mus sequined Dattod! Btuton Ulsbursiag RATIOS Als AN ISS 2 umioye Feedivod. by-them Fort Donat of tha tinued Incrense of public Jnterest In cducational | and estimated, are: BSS ls Tuy iwilkely tourisee Iuiaupromeemersonoy, | Ollcers to vay them aut In payment for salarles | Tho roport of the Controller of tho Currency | ‘tecasury, ‘thoso tems, for eauyenienee, hava aifalrs,ond that the public schools generally For the re~ e23a3|s|° the power grintod to sell bonds wilt supply any. | 04 for ather current obligations, and it tins of- | contiting much Information in roforonco to tho | already beou informutly omitted from tho cure throughont the country aro Well sustalned. In- ; Forthaquare Tike nee 22323 possibie deilcloncy. ferred to pluco tho silver in tho hands of tho | Nationnl-bankinvsystem, nnd ives tabies show | Tonk ensli-books und the monthly debt, state, dustriul training 1s attracting deserved nttone fervended (ersa}. perros It Is suayested that Congress might define and | people throughout tho United States without | ing the resources and linbilittes of the National | ments of tho Department. | Thory wo nlsa ate tlon, and colleges for lustruotion, thooreticat Source, pity eam hr a EF SOhURMTON purposes: “iho “adusrat tiraiabie | CxBous for transportation, when sont by ox- | banks from tho date of thelr ongunization to the | cash, on whieh sto suck uetion his yet beet and practical, it agriculture and tho mochanic | Forelyt! und nilscoltancous ox.” . igs |F Dalaneo is now tontod as such n Tand, but. ng | FCs, and nt an oxpenso for reglstrution-tco | .present time, und also tubles showing tho num- | tiken, | ‘To thelr amount they would further re arts, including tho Governniont schools recoutly | PORN, HiWMliNE, | publle wel thisbaiuneo may. at the wiserction of tho. Seas | only whon eent by rexlatered mall, ~ | bor, enpital, atid deposits of tho Stato banksy | duce ‘tho avaliable balaned on hand, full a , utiles, Abt howeess enous al eS rotury of the Treasury, be unduly drawn upon | Notwithstanding thosu efforts, it fs found to | savings bunts, and private bankers of tho coun- | Stittement of thoso univallable amounts ht estabtished for the instruction of fndinn youth, | ,.! He 4. | for tho purchuse or payment of bunds, ft would 7 5 been published for several years fn tho annual nro gitning steadily In public estimation, ‘Tho | Pir mdinne Pins a3 TODERY RUTIAUINO, Die Congress prescribe tho | Ue dilloutt to maintain in circulation moro than | try, by States and goouraphcal divistons, for ®-| ynorts uf the Teoasuror of the Unlted States. Comunissioncr nska speclul attention to tho dep- Far milury ats redations committed an the lands reserved for | tid harbor m tions, river ‘bur luprayemunts, tho future support of public Instruction, and to Bhiarsonnine sone iat 12,000,000 3,350,007 the very yreut need of bolp from tho Nation for | Far Yast aauiblisumont. ine echoula {n tho Torritorlea and in tho Southorn ory, ANd improvoments at Sintes. ‘Tho recommendation heretofore mado | phere miaximum and ininhinim of the fund United Stites notes nro now, in form, scourity, and convenience, the best clrowlathne mediuin kuown.: The objection {3 tude that thoy aro is- sued by the Government, uid thut itis not tho 4 business of tho Goverument to furnish paper BM por cont of tho amount coined. While nt | series of yours, ~ ‘ It {3 recommended that authority bo given to apecinl seasons of tho yenr, and for special pur- Tho cnpitul stock of tho National ‘banks on | retmburgo tho Trevaurer for these, umivallablo poses, this coln Is In donjand, mainly in tho | Oct. 1, 188), was $437,553,850; surplus, $120,518, eee belng io longer male ee one South, ibrotuens again to the rovaury, and its | ESI, nnd tho total elraulution outstanding, §543,~ ee ee ea mathe pipes drat relesue involves un exponso for transportation BUS» Shao thy mont to tho purties rr Aran Average rite OF onethird Of t per cout | Nattonal banks are organized in overy Btato they are respectively due, Buch a cou snewnuy | -epqowzonarr . wesssere BOBKETL money, but only to coin money, The anawer Is, y vary. | tiku nu monoy from tho ‘Lreasury. woul relloye iy repeated aud urwed that an edueationnt fund | Pee Geheuusay, on weeoUne | ac | : that the Goverment hnd to borrow matey cach tn. Unillco xold voltt or United States Tolitary oreunt Aelzonue td io otal mune he publio dentor from wuy-feyal lability, whi Uy set apart from tho Hot proceeds of tho slog | Forituurost on public dub, Zk { Je null ty chs Tha Unita, tates nota, 40 tho nee the, OFMANGNE: oarautation, Caer in oporation {92.608 which ta tho jrrentest nnm- Hrosatrs aad weunt Miuad tho backs ot tho Bee coods to Do distributed on some antisfaceory | Pots Fevolbts, wetual und eattinniad:-.+.+ Aga gy , : coin, tw tho least buriténsome form of vebt. | Pamdelan tho ronsons fortis popular diseriaae | tho dlecuusion of the operatinns of tho Nitionnt | tppurent bulaeo of cash ow bund wvuilablo for Piet oF Colnubine snl Recrdhoeys ind sae Dis ‘ Sanaa § sion Pan se a or prt nad eae nution against the silver dolly ares banks lice the dato of resuinption of spocio+ It will bo understood that tho npparent di~ First—It is too bulky for Inrge transactions, | PEYtUnts, and tho evils na woll ne the henowts | oropsnoies which hive arisen front Mose tn and {ts uso fs conilned manly to pityments for shit nro likoly to pe from the Inrga ndaition | Vhilabla ‘amounts ney “dug. to. NO fuWtiL uf Ao manual Inbor and for market purposes or for | OF Gui ie tho clreuluting mediuin mada slave | counting or hoolleaping. On tho contrary, ibis change, ‘The amount necded for these purposes | Hutt date. worthy of note thut. tho ‘amount of thasd Unie fs already in excess of tho probable dentund, Tho capital stock of tho National banks 18 | vuitable items, together with the netual money Sccont—lt i¢ known to contain a quantity of | $47,000,000 1083 and the nuriue Nourly $14,000,000.) in the Vreasurs, nates precisely the amount of silver of Joas market valuo than the gold in gold | fess thin at the corresponding date {n 1875, Tho | ta moneys recelved by tho ‘Treasury aid not con, Phiataet would not impulr tho circulation | loans of tho bunks atthe date of thoir Iustre- | expended, ng suown by the Looks uf the geveral Of iol Miltod amount vs oxporlenvo shows to | turns Were $1,(k7,000,000, and tho fhdividunl do | hnrcaus of the Dopariinont. No bettor proof of bo convontent for uso, but it docs prevent | posits $874,000.00, tho highest points reachod | the necuraoy with which tho nceounts of th its being held or boarded ag resorves, or ux- | sinve the orgauizution of the systum, the lonnd | erent tacal operations of tho fe The success of ‘tho public schools of tho Dis- | Estimated amount duo tho sinking fund,... WAN | any tho Di trict of Columbln, and he progress mace ene 4 ‘s ee Tho bonds santuring Deo, 31, 1850, will be paid is toss thin aia-bilf tho fnterest on: an equal tho Intelllent diteotion of the Board of Eduen- Leaving 0 balance Of. -.e0006: vores O,WSUS | from deorulng revenue.’ The surplus rovenuo } sum of 4 por cont honds. ‘Cho public thus an tlon and tho Superintendent, fn su ply hg the ‘Tho act of Feb. 25, 182, nmonied by tho ut of | accruing prior to July 1, 1881, estinated at about | O¥er $7,000,000 of nanunl Interest, And decurca 2 educational requirements of ‘the District, with | July 14, 1870, providing for asinking fund: for | gery milllondollurs ($60,000,000), will be applied | iS and sonventont meditn of exchange, nid thoroughly telued and ciilelent tenchors, 18 | the payment of the public debt, {s in conformity er oxiating ti 1 purab uaakie iussitrnnas thnk A AuMTiotens “xceoren At very gratifying. ‘The nots of Congress, from 1th tho polloy which bi is under exiating law tothe purchase or payment | coin will be retninod in tho ‘Tronsury beyond tho time to tle, donating public lands to. tho sov- | ‘0 polloy whieh bas provailed since tho | of tho bonds nbovo doyeribed, thus tonving tho | tuniptation of diminution. such ag alivays nt eral Stites and ‘Territories in tid af editeational | tloption of tho Constitution, of regartiog 1 | gum of $67,960,000 to be provided for. Tho third | tends resorves hold by bunks, intoreats, Daye proved to be Wise measures of | public “debt a4 a temportry burden, to be pald } goction of tho uct approved July 14, 1870, for re- | ,,Anotner obseotion to tho Issnoof United States pitblia poltey, resulting tn great and Insting ben | off as rapidly us tho public Iutercats will allow. | funding the National debt, under which tho 6 | Hote’ fg, thut thoy aro made a legit-tonder in oft, Tt would seom to ben mutter of simple | ane provisions of these ucts have be v. ‘unding the National debt, under which the tho payment of debts, ‘Thu question of tho con Juatice to extend the benefits of this loglelunon, h ucts have beon sub-.| por cont bonds, maturing May 1, 1880, aro re- | sUtutionnl power of Congrisa to make thom Tho wisdom of which hus boen go fully vindleate | stantially complied with, Thoy woro executed | deomuble, requires the Sccrotary of tho Trons- | such, fg one for another vrangh of tho Govern. ed by experience, to the District of Columbia, tera until tho pantie of 1873, by largely de | ury to glvo publlo notice three montha In ad- | WOM ‘The Seorotury of tho ‘Treagury ts atill of Tagain commond tho weneral interests of tho | ercnsing tho revenues of tho Uavernment, ron= | vance of thelr payment. blo the De the oplolon that this quality of logul-tondor Distelot of Columbia to thy favorable, consider | itorod ie Impossibla to ment. thelr requirentanta,, | Harcnune Le avall -iGwolt Of tho option oF yas | (ge Bol Ndi to tho Gaefulneas, anfety, oF elzotte fun of Congress, ‘Tho attains of tho District, ns % nie nt, | PATENUNE to Avail Hteole OF tho option OF rue | lution of tho United Stutos notes. By far ne it shown by Ud report of tho Commiusionory, aire | The deftelonoy on the Sinkiny-Fund uccount 13 | deeming thos bonds uf thelr muturityy tho | excites distrust and opposition to this form of, in tho fiscal year 187d, y ic A } YO CONCLUDE. Tithe nent Yee ta specie rate, but thay, ae ronnie cathe | resuaupeinn would maven ie efecto oles In my anunat messages heretofore, and in my | fi {he fiscal year ieee {4G 700 | pluusuire of tho United States after tho dates | would still bo recelved and paid out by tho Gav- spodal wosiauo of Dec, 19, 18, 1 have urged | ii tho fecal your Ish. + atimsar | Sexe, sate ee uy bese dammuah Whar, seis OF ernment, ant, Wko Pankehoted, would not tio ‘upon the attention of Congress the necesalty of | In tho flecal your 1879,... + DOE REE 4 mf retused I) payin ‘OF hi c reolalining the mirshes of tho “Potomte wdja= | Ho sold. Any daly an providing for tholr ror | redgomabla aud promptly redeemed tn com on , Saraiva | (lumption will compel tho continuod payment of = ta cont to tho Capital, and Tam construed by ite |. Toulnmount duo onSinking Pund.ge7 017,805 | hgh rites ot heresty Ie wil inks wovesenry | resuntatton, Ae tho quality Of Weal onler 1 Was attoole ed, finportance to advert aguin ta tho Kubject, | 784, (88 Payment made during the hy issue of o now soriod of coupons to tho | and was thon csguntinl to thelr valho and dirou- A 1 past sflaenl’ year in excess of tho holders of coupon bonds, anu may postpone to " 4 ‘Thugo flute ombraco an aren Of several hundred | umount required, ag above set forth, 95,072,073 | n toas favorable porlod ‘tho completion of the ue public PO Eagar eed (pay acres. Thoy are an impediment to the druliuge Loavin bal a . ——T~ | operutions of refunding. Undur oxtating law, Tine ineir vale, but it {6 thir redemption of the city, und seriously inipalr ita honlth, Its | Loaviny & Ualanoe still due onacconnt,, 6 | tore, 18 wtill avatluble for this purposo 4 por | jn coin thit makes thom tow equal to col all helloved that, with thissubstunthl improyomont | G2, cte Binking Fund of... 4... 01309 | cont bonds authorized by tho nots of July M4, | of ready elvettition in ai tho murts of the cueekis Or nenriy tho sau ONE ws the walunce Of | 187y, and Jan, 2, 1871, to the umount of B101,053,- id, Whila thie ts malntained It becomes of ite rivor frout, the Capital woutd bo, in all ro | eatimated recelpta over tho vetimated oxpendl- | 200,’ Zhoay could now bo sold at a iurze ‘pros | comparatively immaterial whethur thoy aro # Bpects, ono of tha inost attractive cities In tho | tures, us shown above, Chus It la pean je tht | Intum, and, in tho uveonce of jeisintion, it Hel ri y" World: Aside from. its pormanent population, | (era, oun bo upplied to tha pureluay of bonds | Would be tho duty of tho Seoratary, when any | Lae wo eros ton wot Uy Me tty | Me + for the Sinking Fund during tho present Necal Y ; or this elty is nocosaurily the jaca of residence of | your un amount wuiliojunt to cover ee avhulodes Poorer eee salt che & itiontae | ituslity thoy will still bo the favorit monoy of + persons from avery seoulan of tho country one | foloney now exiting on tho wecount of thit | such peedas Out the simone OF d por ceute nus A Herker’ objection. to Unitod Btates notes fawed in the publG gervicu, Diuny othord reside | fund, thus muklug good tho whole amoyut of | thortred ts tuadcquate ta the purpose stated, | fs, that iho AMoUN Hf tho huss Way bo wtargad Hee eee rape: remmection of busliess | tho Biking Fund wa required by law, Ita thorofora advisable, by now wid campre: | by Conyress, nnd Lust this power 1s HALO. to It should not Ue forgotten that the land noe % honstve lugtaintion, to authorize thevale of other | hues, ‘This objection may he mado to ull the quirod will probably bo worth the cost of ro- FISCAL YUAN 1884, securities sulivicnt to redeom the wholo sun | proat ossential powers af tho Governniont, A Clutmiug ityand that the navigation of the river | ‘The royonucs of tho sen! yenr onding Juno | soon tO be redeemable. The terms wud condi- | guiticiont answer fa that, aio tholr (rat Laue Will Do ureatly improved. 1 thorofare ayatn ine. | 60, e <i tions of tho svcuTitics to be wnthorized for this | ‘thoy huve been carefully Itited In amount,and Vito the attention of Congrass to tue ipertanen | pee ee ttaated upon tho Busi of existing | wieyose buva raculved the carutul attontion of | invested with every quality to, tinprove their . OF prompt provision for this much-needed and ad u his Dopartinent, thurte the polle: ‘been avery olfort t TEED hi yatuo and cireniation. Ev 0 ‘two long delayed improvement. . 5 to gull Donds bearing as Jow a rute of treurest 48} the umaunt, made during 0 pertod of i$ doe Tho water-aupply of the elty is Inndequare, | Erew internal rovenue. possible, ruaning v number of yenras but, in | prosston, failed, Now that they are redecuable In addition to the ordinury usd throuxhout tho | Krom sates of public land: ylow of tho roquiremonts of tho sinking tund, | {nonin thore bs no t elty, thy conmuinption by Vovernmnunt by needs ¥runi tax on clreulation sud deposits belloved that a lirge portian Of tha | hero obsoctions will, no doubt, in dis timo is sarily vory great int ree vurite Al OF NUtOnat DANKE. ccresesssecceceese 124,000 | Tuba debt’ to be redeomed can bo pros | receive the caret! consideration of Congress, tind tuo ectigis Departivbutns Rad withge quan From repayment of intereathy Pacitia vided by ‘Treasury notes, running from one to | and any practical diicuttioa fn inalntaining roe entamount of United Btates nutes. ported, and pituhos it Into nettve elroulation, | bein E70 wreater and the Individual 1 rf ed for q ‘obtained, Hnthtk roturng to. tho Trousury, us the lonst | doposits &253,00,00 greater than In Qotober, Mee emount of inca report}. Yon band to tho yiduablo and desirable money in uso. 1878, while tho capital and surplag nt tho pres | credit of the Treasury Js nut, | ‘over, (ou ene For those, rengous the Sceretary respectfully { vious date wore €6,000.0N in excess of thelr | tire amon moneys |? Yby independe buteatnestly recummionds tnt the further cous | present amounts. , SE ae ty eared pulsory colinge of tho silver dollar bo sus. | ‘The Individunt deposits and tho pubilo, pri- | tisont ayunts of the Governmd.., these vlliecrs punded, or, 2s tin alternattys, that tha numbor of | vate, and bank deposits, not deducting the | and bunks have held the runds advanced for Hraing of silver iu the doliny bo Increased go ng | Atiount duo from banks und the amount of tho | dispursemant Ww publlo olllcers, aud, ilse other to make it-equal in market yilue te the gold | elearing-houre exchanges, haye Incrvaset more | funds in trust for the redemptlon vf Nationale dollar, and that its coinage be loft as othor culus | that 82.0 und imnount to the unpreces | bunk notes and for other purpuscs, AKETCENE gu to the Sceratary of tho ‘I'reagury or tho Die | dented sum of 21,165,000,000, . ing nivonthly average during tho past year ot revtor of the Mint, ta depend upon ‘the domand The Controllerstates that tho abundance of | ovor gv.0W,W0, Under the exlating aysiens by for It by the public for conyentunt clreulation. | money and tho low rates of interest have inde | which tho Uevernment practleally folds aud The continued colnaye of the silver dotlur | it dliticult for enpitulfsts to tind satisfactory ine | dishurscs its own money and (hat uf {ty ollicers, necessarily Involves the expenditure of $3,000,- | Vostments, and tut ho lis, therefore, examined | the tiseat operations are conducted without diss Uw pur month of tho ourrent ruvento, tho prd- | tho statements of the bunks for a sorlos of years | turbango, embarraygment, yor tavoritisiy au cvods of which must, as uxporienee shows, maine | tonscertutn if tho banks havo found use, for | with sutistaution to ali conceracd. fy Ho Mie in the Frouury, involving a | thelr Ineransed doposits, Tho mmount of tho Nirge exponsy for storuzd and onstody. | lonus of the banks in New York City tn Gotober, TOMS. When iasued,. a considerable oxpense | 2870 nid 1830, wis 70.8 per cont of the capital, CUSTOMS. oe for its trunsportation is tnvalved, ft 4a | aurplis, and’ not deposlias while tn 1878 st wae u5.4 Tho revenue from customs for tho yoar . tuke n reluctantly by tha peapte, and fasoon ro- | percent; in 1877, 09 per vont; and in 1874, 6.1 | Juno OO, 1890, was F18),02!,U01.00; tho reventie fo turnad to the vaults of tho Trensury, ‘The tone | por conts tnd tha loins itry now proportionnbly | the preceding year was 81% 250,017.70, an inerease dency of this process Is to convert Into sliver | higher than at any time since ist. Tho row f 840,.273,010,00. ‘hla inrge yain was duo in part coin tha reserve of gold coin held in the ‘Frans. | BuUrves of the banks In tho othor principal cites | Of 84U873,010.00. ‘Chie argo un stusses of ury to maintain United States notes at par. | of tie country aro shawn, by tholr reports for | to an oxccptlonal domand for certain cla eH] ‘The {novitnble eect of the continuance of this | Oct. Hust to “hava beon then mare fully on | foreign merchandise, priucipatly tron and stee colnuge for a fow yenra more wil by to campal | Ployad than Woy wore at tho corrosponiiing } qnd ¢hole manufacturos, Which ta not Likely to the Departinont to maintain its epecla reserve | thites for the two provious youre. nithough thelr tho mnatntatned di the present year, OF tis of, Itrespeative of tho sliver on hund, | tusiness was not 40 much extended as. it was nu Gad AE ie Ly Ton sugar, dopt the single silver staudurd for wl Jug the four yours following the cristae of 1874, | BUM, Ubout $42,000,000 was collected ced Gov poses. ‘The object tnnifestly Ho tition of tho louna of the binky {nthe coun- | $19,600,000 on manufacturce uf uiflc, $19,000, dostgned by the pusenye of tho aot forthe coln- | try districts to thelr capital, surplug, and net] munutneturos of Iron and stoct, §10,000,00) on wgout the allyor dottir was to acaitre for tho | duposita wag, on Oct, 3 7) per cent loss than It f ra of cottort, $29,000,000 on woul and people uf the United States the Lenotifg of able | was at the corrosponding dato in 1575, and 63 | Manufactures of cotton, Sy ‘on wines Ticuullo standard of value. it way forelbly | per vont less thon in ITs. The opportunlties for | manufactures of wool, and 0,000) ot oun urged that todemonetize allver would incrensy | using mouey in this group of bunks is Not in | and apirita, making a total of nowrly $125,000 tho burthun of debts, and rest. tho value of atl | Proportion to tho Incrouse of tholr doposita, and | coltested an those six clasacs of artioles, Tho property oon the quantity on hand of walngle vole Datancees In othor banks have by no means of ts, bi vor, cannot be given, bee inotal, It wus not the Intention of tho framers | dittnlshed, preciso amount, howovars oe, tow curtail OX of the act to domonctize gold, but totnatutuin | ‘Tho tables glvon by tho Controtler show that, | Cause tho statistics aro based, tou Hoth gold and silver na standards of yatue. | durlug tho past two yours, tho loanw of tho | tent, on unliquidated entrics. ar rhs uns Leen dono At. Seep Znvay due Laoke te the Clty of . ow York have bocn ax ‘Tho eapensea Cor cotleetiun for tho past bi only by adopting, 1 y iis posulty, the rola- | tended to a much groator degree proporuonabt, 3 ver tho prece’ dvemurket value of tho two urotals a8 tho ratio | than tho loang in othor pirte of me. ‘country, Word $5,005 878,00, n {ncrouse over the f nptation for overisstue, q Jango oxtent 7 ry nBUry' SAWAS, COMPUTE. v6e econ ecaeee: 2,600,000 | ten yours, fasuad in sucl! suis us can, by the ape . ¢ for congo, and by changing the ratio atopted | and that the cash reserves of tho banks in New | Your of. $510,000.09, occasioned toa s Wty is required for tho, proper preservation Of | yrguRinking Fund TOF TaGide’ FAs Ce ae eer eee pu te. pola ut tags | Feenuon will bu ance by new lexisiution. tut | Wionorer for w periodog soars it was duimon- | York uvo been wavrecedantedly law. Whilo | by tho Incrouso in tho importation of bulky Trecounmeut chit thls subjuct aa ue Khe carly: | Way companies... ., sevseeeee 2,600,000 | mnuture., Tho purchase of bonds not duc mis | thatthe present avatom of currency, the sub- | strated hat, the aiarkot valtio bad ohunged. | tha ugereguto Jnwful-monyy reserve bag, as fur | ortictes. centage of attention of Congress, and tat, le welch) wry | Hrom customs foes, ‘tines, ponultios, heretofore involved tho payment of premium, | stantial features of whieh ure nv iimlted amount | THe Unitert Slates hus conformed to this custom | us known, always been held by this cluss of ‘The exponsos of collcotion and porsilows: MislUn for ui luereusal Sopplye such THe Le | ay Ote> sevater thst ate teesvece! 180,000 | whieh It 28 bellovad cun, In futuro, bo ovoided | Of United States notes (with Or withoutthe lexus | Of elvilized nations, and the Constitution recog | hunks, tt fins froquantly boon, very closu, somo | cost for the past four yours were 48 FONOWG, adopted us will have lu view tho tayure growth | FUN fece—consulur, lottori-patent, n by tho lasue of kuch ‘Treasury notes, Tho laryu | tender quality; promptly redeemable fn coin, A oP aiwinaticg iH UNG IANS. co rsersserteseensen serv eren 060,000+} avcurnulution of monoy now svoking investment it vet mpl t ofthe ofty Lemony expedient for aeh 8 | ert prucdad ot aites of OUvoR uifurds.u favorable oppurtunity for aeling steh | Caaty to yatrchiiee coun with Watidae wupie Thorefory uuwhse. A ture uniple resUEVOlEAWIEH | tee BEODEELY as oese sesnee 200,000 | notes Learing alow rato af titereat, 10 le mented ‘by the slronlatiig-notes of Nauonal corresponding faeliities tur keeplag st Alted, From profits on culnage, ote. « 2,800,000 | Hoved that thoy will forma popular eccurity, | banks iaaicd upon conditions thet guarantee ahould, Mwy sulgient, ho cousteuated, Jeon From revenues of the Distelut always uyailabld to the holder, and readily cons | tholrabsolite security and prompt redemption, nized ft by authorizing Congresa to coin money, | of tho banka expand! thelr founs boyond rently and to regulate ite: value. rorsonolle iitnttay out relying @ pon tinports of beset: cont Under uila authority Congress provided, In | gald and purchases or bonds by the Trensury to foo 11, that the rally should be one ounce of gold | renin tholr doliclunt reserves, to Nth unced Of silver; Rud on tho #8th of Huo ist of June 2), 1874, genes tho law ro- dina, IKH, it chunged tho ratio ta one ounce of upon elroulution, ulring resorvesto be held TBM ree ( vigilance 1 t Te ey Utes OF the Eset 2,070,000 | Yertiate Into money when hoedad Cor GLEE (ee ee eee eee earn re ace genuamig | Kold to sixteen ounces of allver, thus ldrqoly roduuing tho amount of fogal ror | — tt'de believed that, by reason of tho vient, Pe an a Hho, aenuun fa rie od From milscelluncous vourcos..,... 47u0,000 | yestmont or business, ‘Vhoy whould bein such | distributed throwenour, to. country, le the eat Tt would avpoar thit Congress somowwhnt ovore ry required. ‘Tha onornjous incraago of Ine | of the customs olioers, frauda upon tho He on of the 4 - 5 formand denombutions ag to furntah i con- | gvatun aver devised, und wore. fred from objec fering the ity? wad L tency tierecoamunaigs | . ,otul ordinary recolpt «880,000,000 | Venient inyevtinent fat tho wmull savings of tho | Hon than any otuor, combining. tbo only wie tian of ny former tessazed ia bene of the | Tho catiudtes of expenditures for the samy | People. and iil the place desigacd by tho $10 | stundard with conyentence for cirytlution, and erection of 4 building for the Congressional | period, recelved trom tho soverul Excoutive | Pfwdiny, curtiticare authorized by the vet of | gecurity, and oquallty of vuluio, . Library, the completion of the Washtogten mio | Departments, aro as follows: Body, 2s Utes NG HO, ta teeter ery 60 year buen 80 rated silvor ii Ink, and underrated ft In 18H, | dividual und bank duposlts during tho lust year | rovenuy huve not during the past Year Or cud but it ts now cortuly that alxteon ounces of wll- | should not bo Pant fa mined proportional extensive ug formerly, Tho tycailtys tro Ver are not worth oye ounce of gold, nnd if alyer | Inercise of louns, since such {nereyso would, it | to tn the Jost report of tho Sucrotary 17 have wore colned without Histon that tials, (twould | is belloved, bave the effect, indireatly, of Ine | fulthful collection of tho dutics on tt eventually bring us ton aug silver atandard, | crenslng tho market prices of wany ruilroad and | been vontinued ft force, but thoy RY justl r ! ) 5, = . and reduce yold to a commodity, ov drive {t to | other stouks aud bonds largely hoyoud tholr | by regarded na but tomporary, Bd HOE WE Tar wament and of liberal uppropeiutians in wuppart | Toxiutiyo Of September, 11, the duto of muurity of the COINS AND COINAGE. forulprcountrics-a rosult uot Intended by tho | aetuat valuo, ‘Tho banks fh Now Yorke City bold fyityrlonyer delay tn the legion oor aut tutions of tho District. ig Pp a 4%3 per cont bonds, The requirements of the Tho colnige excouted at the infats during tho | act of Fob, 28, 1378, 2 moro thin $tty,000,cu af tha funds of ‘other | to placa thly most fmportant diet, Witt enable Turuznvoun D. Hayes. AUBIGHAL oe Sinking Fund prior to tho. maturity of tho 434 | gsoul your hus exceeded {n valvo that of uny | ‘The average cost of the sllvor ina standard | banks, whfel ary payable on demand, and tt ty | commerce upost n foundation baicie| Fo conlucl # sf Agen ari teeta ree eat poe my far i suri oF ten 2 car fe previous your ainco the orgapization of . tho dollar, as xtiown by tho purctiages for the Gove | of tha greatest fmportunco that thoy should at | tho Government and tie tpel a ye nee 1a 1B, nels! ie |< nent from tho dato of the Resumption aet | all tines exblblt great strongth ie thoy would | thelr business with greater certulily THE TREASURY, * | Naval dstabllsbinont, wv r Govermucnt, Its total amount, vot including | (y tho proaent tine, measured by thu sold stund- | keop themselves in condition for un adv redunt. It 1d eurneatly bopod that fi) : Hino tlecut yoar ending Juno 0, ssoous | oinnor colnawe, wos Bint of whlvls it | an i shine, or in ratloue t forth Uy blah OF trad, a forte fowitinate doanane Dee ubivenad iuestion ay be ae 3 p ‘ SDT" ereerert syne nee, 200s oa 045 wat! 2,000, i bly *from doe nig ratio t silver dollar, incrder to be of equal | oo! ae deniers who contide ia then, Congress ut ity prosout Bes Js © a RECEIETS AND EXE ESDETURES, For tua’ teat your ‘ouding” Yuite a Home ane sengat fron nbeted bullion, Value tow golddollar, sould containséschyruins, |” tho Controller gives somo Interesting tubles | _ ‘thu present fiir ts putt compilation oft 10 a: yp ‘Theasuny Derantuent, Wasntsaton, D. ectsine sarteerece srepeseoosey MB ISA 110 a a Dire * ‘As tho expense of colning u silver dole taequal | showing tho amount uf coln and currency in the | pissed during muny succeeds Settee from + TOy Deo, 6, 1880.—Bit: Lbave the honor to submit For the’ twat your’ ending dune "bd, ‘The aunual report of tho) Director of tho | {9 tho valuw of about vo krains of stundard sil- | vountry an tho duy of reamption uf col pays | moct the necusulties of the Governed the the following annual repgrts The ordinary reyes WS8hscsccsessceececesessraserveccors seer 46,090,003 | Bint furutstes detuilod statenents of tha coln- | yor bulllon, it {i contdently betluved that ail | iments and on Nov. bof the present year, tue | time qo thos, Theo kis buve fur Tnolilent> * ques, from all sources, for the Hucal year ended For tho fsen) year cudluy June 00, ago of xold and liver, the wnount deposlted, | ver doitar contaluing 450 grating, bused upan a | guthor with the amount of cola und currency in | Kreatur part 6f our reyunue, and nth remutacls * June 20, 1860, we: 7 , dees eee seeetcensens esse sass 48,0405, aried, retmed, or made into bara, tho carnings rutioat one of guld to ubuue 17.6 of silver, could | the Treasury and fa tho banky, and the wmuount | ally protected aud diversiiied hy ae ten (BOT the 2), 18b0, words For tho tscul year ending Juno 40, . p a peer id other t * | by safely colued, ga demanded for use oroxport | inthe bands of the people cutside of thesa dee | ured, ‘Tho general principle upon ilulael: AOE CUBTOLDE 20s vase 0s + B180,003 064 BY seasecs’ aice sveaeentecss sega 60,760,809 | Feceipte, and expenditures, myd ober tramwucs | tion, without Gomonotizing Kold ur disturbing | poaltarien, trou whled it will be geen that whily | nso founded ts Dollayod to bo wis BN A tera From Internal revenud.., LAU STS He ate big For tho tscul your vnding Juno wv, tone and business operationspf the mints and | coutructs or business, and swith great udvantuge | the wmount fi tho Tressury aud in the banks | No murkod or sudden cbiuKo WHY tig vals rict of Columbia, 1887, 010,008 ae annnse Seesneoesesecets covnenes OR IO,497 | aaxay ollces during tho year, and contains value . a : x . ‘Prout gules of public lauds, fo tho silyer-mining interests of our country. | bus ducrcused mora thin §50,0N,00) during thus | to deyteay or Jajure duuicstte 1