Evening Star Newspaper, December 20, 1893, Page 11

THE EVENING STAR, WEDNESDAY, DECEMBER FOR RENT—HOUSES. FOR SALE—HOUSES. FOR SALE—HOUSES. S——————————— FOR RENT—411 G ST. N.E.; 6 ROOMS AND asée Eee, 1300 Ft. i 8 3 4 * seer i eral at ie i | FOR SALE—EIGHT SMALL HOUSES IN DIFFER- ent sections of city. Always rented. 10 per cent tments. Will sell separately. needs Rosey. Address Box 69, star office. 420-3t* FOR SALE—! THAN SALE—A BROWN-SIONE an built by. and modern convenience; steam heat aud Bie, cor, 1th and $ now.; Or.; all 222 N st. nw.; Sr. > CARBOLL DIGGES, with Chas. W. ) im causa C10 13th st. mw. FOR SALE—LOTS. FOR SALE—HANDSOME NEW ROOM BRICK | FOR SALE—ONLY $1,550 FOR A NICE LOT ON house; all 4 B38 Bogan, Ba bung ORO) Ba388 _a 1406 G st. nw. FOR RENT_S NEW BRICK HOUSES, 2422, 2424 $d 2428 Penna. aye; 11 rooms: 2 bathe; large lott ‘for ‘modern, s. In quire of 01 2128 Pa. ave. Reasonable Tent. ott OR RENT_229 N. J. AVP .; 16 ROOMS: ALL Mf. Lite perfect condition: seam heat; suitable for botel or store. |,200 a year. ai-1m B. H. ROBERTSON, 1421 G st. OR RENT—GOOD FIVE-ROOM BRICK DWELL- ing, 116 M st. s.w.; only $£.30 per mo. jo. 114. (618 Whituer av, 67.15.30 44) Anacostia, 7r. 13 itney av. 6r. Heichts. tr. ‘ -ookiand, McLACHLEN & SATCHELDER, 46 ‘Cor. 10th and G sts. n. w. FOR RENT—6i2 AND 020 K ST. N.E, @ROOM bricks; a.m. 1: m good order; handy to cars and and $17 a month. Keys at $18.50 10 K st. F. W. TUCKER & BRO., 100 F st. | ne. 48-Im* PROFESSIONAL. MME. PERKIN, THE TRUEST DESTINY KEAPER of the age; informat CELLAR, TING; LOT 18x100 TO ALLEY; PRICE, ONLY $4,900; TERMS EASY; A GENUINE BaR- GaIN. a19-2t FOR SALE—AN OPPORTUNITY TO BUY A NICE home at a low price on cany terms; & most at tractive, well-built, well- house, A st. nw.; 7 rooms, la: cellar, bath and pan- stone and ie; uy press bi front; tiled vestibul finished in natural wood and nicely papered. Key next door. H. L. RUST, 624 14th st. n.w. a19-tf SALE—A BARGAIN—7-ROOM PRESSED house; furnace; all modern improvements; location; price $9,600; easy c Ukst oom aon 6 pate Sn eee NE se aw tear O, B roots Cttwo botses on Fiorida ave. nue. opposite Deaf Mute College; 10 rooms and cellar; furnace; 20 a a So he “- mew houses at 1st and M n.w.; $5,000 each. FOR brick 7 PRESS BRICK AND STONE and bath; every modern conven- 1% squares of Dupont 36,250. Eb S O'HARE, 1008 FOR SALE—OR RENT_TWO SM. ELEGANT ap room houses, 1304 and 1306 18th st., next if n.w.; reasonable. to Wat, os F R. W. FENWICK, Owner, 1303 st. Bw. FOR SALE—CHEAP—BRICK AND STONE FRONT dwelling; modern and attractive; 9 and good yard: 55 Mass. ave. n.w.; reduced to 35.300 to an imm 3 modern; beauti- fully decorated inside; large yard; worth $9,000; will sell for $7,500; % cash, 4 ip one year 81 ba! lance In two years. Brick store and dwelling, 829 7th st. m.w.; 21 ft. 2 tm. front; only $18,500; %, cash, 4 one year, balance three years. tory brick dwelling; newly papered and inigood order, S12 Pest. mei: reduced to 82.100: $1,000 cash, Balance in small auarteriy payments. est W. C. DUVALL, 925 F st. nw. FoR SALE—A FEW DECIDED BARGAINS— Corner—Near McPherson square, 14 rooms. .$25,000 Corner—16th st. above Scott Circle, 14 rms. bat rms. .$12,000 Corner—2 blocks My list_is large. Please call before bu; ¥ *Phone ‘789. E, C. BAUMG! 1421 G st.. main floor. INA rooms, bath and cellar; with a.m.i.; south front, with lai din rear. Will sell ou easy terms. OW} 5 Tennessee ave. ne. a16-7t FOR SALE—ON COLUMBIA HEIGHTS, NEAR THE Iogan and Harlan residences and Chinese lega- ton, fine lot, 50x150, with two cottages; rented 30 a8 to make good investment. Price reduced, a8 owner is leacine city. 42-3w* TYLER & RUTHERFORD, 1307 F st._ FoR SALE — HANDSOME NEW THREE-STORY brick dwelling, 1815 19th st. n.w.; thirteen rooms and bath room; all latest improvements; carefully built under our personal supervision and first-class in every respect; house opeu for fospectton. For further eticulane, me st. epply to TYLER & RUTH: RD, a2-3w* N, J. ave. near P n.w., for a home or investment; 17 ft. front 64 ft. deep to alley, H. L. RUST, 624 14th at. nw. aig-tt FOR SALE-COR. KENTUCKY AND GEORGIA . 8.e., large corner lot; 35e. per foot. STURGES & MOORE, 606 F st. u.w. 416-3m R SALE—HANDSOMELY LOCATED LOTS aT *yz00 to each, for $5 a month, without inter- in West End’ Park; also houses for sale, 1,800 to $5,000, on monthly paywents, if For plats and circulars, address HENRY NoOorr, 1t'G at, opp. patent office. n24-1m to st.) at e Post Ofte rere BALL, Room G . ¥. city. n21-1m* FOR EXCHANGE. R EXCHANGE—-BEAUTIFUL BUILDING SITE Just north of Lincoln Park for farm; corner or in- gide lot; will assume a trust. R.'8. DONALD- SON, 705 12th st. n.w. dig-3t* NEW PUBLICATIONS. TWO IMPORTANT BOOKS. Mr. Fish and the Alabama Claims. A chapter {n Diplomatic History. By J. G Bancroft Davis. 8vo., 75 cents. ‘The settlement of the Alabama Claims 1s one of the most conspicuous landmarks in the diplomacy | of the United States. It was largely due to Hon. Hamilton Fish, at that time Secretary of State, and is one of the surest of his claims to gratitude and to enduring fame as a statesman. Mr. Davis has had long and intimate connection with thi State Department, and his discussion of this sub- | Ject is very full and based on thorough acquaint- ance with {t in all its political and personal rela- tions, and 1s a valuable contribution to our diplo- matic history, SAM HOUSTON And the War of Indepen- dence in Texas. By ALFRED M. WILLIAMS, author of “The Poets and Poetry of Ireland.” With a portrait | and map. 8vo., $2.00. A good book upon a man whose like will proba- bly never be seen again in this country.—New York Tribune. A very readable and interesting book, a real contribution to American history and blography.— Charleston News and Courier. A remarkably interesting memoir, discriminating im judgment and vividly pictorial in style—Phila- delphia Public Ledger. Sold by all Booksellers. Sent, postpaid, by Hoveurow, Mrertrx & Co, Bosrox. 418,20-2t PIANOS AND ORGANS. FOR SALE-FINE NEW CORNER DWELLING: delightfully located northwest; 14 rooms; all the latest convenieuces; price, $20,000. aS TYLER & RUTHERFORD, 1307 F st. FOR SALE—4 6-ROOM FRAMES ON 11TH AND D ne.; good sised lots and good condition; $1,600; $25 cash and $15 a mouth. STURGES & MOORE. Owners, 606 F st. aw. ai6-sm FOR SALE—10-ROOM BRICK ON 2D ST. NEAR D se.; a.m.i.; basement; latrobes; a beautiful a and $50 st. nw. bouse; unbranee; $6,000: $50 cash per month. STURGES '& MOORE, 606 F ai6-3m FOR SALE—A TWO-STORY AND Basi EMENT centers Just papered: yy two latrobes. J. J. BRERETON, 7 Joquire im -$30,000 +$14,000 E yy $5,500 All the above property can be purchased by 3 Particulars at REAL ESTATE OF- 16th st. aT-2w FOR SALE—THOSE HANDSOME and p.b. houses corner N. J. ave. aud ‘ now ready for occupancy; make your selection at once; corner hous 12 rooms, the others, 10 rooms ea: open fireplaces: fine tiling and caiinet beautiful chandeliers; elec- trie lighting; heated by hot water; open for in- tion. n85-1mo_H. L. MANN, 334 Ind. ave., owner st. mW; ELECTRIC AND MAGNETIC TREATMENTS; eabiaet vapor baths and massage for rheumatism and nervousness. 508% 13th st. o.w. Dr. SARAH WAXCOTT. _ ager MME. FRANCIS, CARD READER AND TRANCE mediam.—Life from cradle Circles Mondays and W: at STO to'D. 400 Ie Cap. st. Carde: 25e. Trance | sittl 50c. for the winter months. d4-3w* PROF. JOHNSON IS *2HE , GREATEST ; Was sworn judges of Chicago; tells all the events of life; compels love; brings back separated: causes 3 great herb ‘of § a.m. to ll p.m. Chicago. Hoars from Pam. to9p.m. Price, 50c. 917 8th a.w. doctor sews MRS. CARY, 1614 7TH LF rng an gga ST. N.W. business, wauits, divorces. love, % enemies and evil ; gives name in of those have or will marry and all informa- tion trut] accurately given. — and be as seeing ts belier- MME. RAPHAEL, CLAIRVOYANT ASTROLOUIST; dorm with caul; gives names and lucky dates: tells how to retain husband or lover; love, business or to all consulting PROF. CLAY, OLDEST ESTABLISHED, ONLY iable, genuine and natural-born clairvoyant, astrologer and medium in this city, tells your fe from cradle to grave, interprets dreams, re- reals hidden mysteries, finds lost property, causes marriages, brings separated together, ints out enemies from friends, gives success in ness, removes family troubles, evil influences. Consult “tim on business, love or anything you aze in doubt teal; never fatied. All fa Business confidential. Sittings. 50 cents. Hours, 9 to 9 Open Sunday. 6th sw. advice on health; for short time; tal! ber. 615 E ow. Rm. 4 bath, for rheumatism and al! nervous troubles; also ‘special treatment for catarrh and bay fever: Facial steaming. Massage. ¥1§ H st. ow. a14-1m* ORINNE LOWE, 1621 10TH treatment; head and fact or at my rooms, as they MME. DREAMER. THE ONLY h and G ALL THE EVENTS oF All business confidential. Ladies and gen- Honors. 9 a.m. to 9 p.m. 0S near 6th st. 020- = BROOKE TELLS LADIES’ GOODS. = = DRESSES MADE, LATEST STYLES, bY NEW York modiste, $2 up; also remodeled. Ad4ess Mra. HAYNE, az0-2t* ‘Star office. HAIR, MOLES, WARTS, ETC., DESTROYED FOK- | ever by the “Electric Needle.” Dr. ROGAN, 619 | F st. nw. NOTE—Reduced terms to ail patients commencing treatment this week only. 19-3t* GOLD, SILVER AND FANCY PAPER, MASKS, Paint, Scrap Pletures, ‘Tree Ornaments, Paper Napkins, Favors, Toys, French Tissue, Paper Dolls, Lamp Shades. GOULD'S, 421 9th. dit-Im* ANTON AND CAROLINE LERCH. 12TH AND 1206-1208 T st. o.w. French dyeing and cleaning of every iption; evening ‘and ‘party dresses made a specialty. Our tromage extends into t piouadle circ! aiz most ACCORDION PLAITING (FRENCH PROCESS); skirts. 25c.; narrow 2 on ree Lisbine: ing! nttous. “G. W. LUCAS, 918 9th et. mw. eci2-3m* \CCORDEON PLAITING DONE FROM 15 GENTS = yard up. All work teed. Work re mighout the United States. C. AUERBACH Th and li sts. ow. 49-1m0' Lapies | SEALSEDN, GARMENTS REDYED AND altes rs ee Mis Br CUNSINGHAM'S, 1308 Sth st. o.w., near N st. ESTAULISHED 1850.—FPAGRET’S HAIR TONIC, or the Mecca Petroleum—Prerents baldness, Keeps the hatr and sealp in a clean and healthy ae Sold by W.S. THOMPSON, 708 15th st. ocl4-Sm' n27-3m MEDICAL. &o. STRANGERS, TAKE NOTICE—DES. BROTHERS ank Gray treat all diseases. No enre, mo pay. Owy established advertising physicians in this Established 45 years. 906 ERS, THE MOST RELIABLE a? est-established specialist im this city, with ars’ expericuce; 45 years at 006 B st. ation free and strictly confidential.d5-1m® | WITHERS INVIGORATING CORDIAL IS ul Nerve Stimulant and Tonic. Of ail remedies for Nervous Debility, Neuralgia, th Nervous Exhaustion, Peralysts and that class of ‘trouble call. Satisfaction guaranteed. | 480 °H st., bet. 4% and | aiaore | THE HOSFORD MEDICATED ELECTRIC VAPOR | FOR SALE—OK TRADE—14%4 RB. 1 AVE. ndsome Lai house; a.w.!.; fashionable neigi dor! magnificent lot to 39-foot alley; wil! sell for price of ground and include’ houve to immediate purehaser. Don’t miss this. loom 5, i201 Pa. ave. oc21-Bm FOR SALE—THOSE HANDSOME § AND 9-200M houses at the cor. of 12th U sts. nw. for $7,000, $7,250 and $7,500 each; prices to early buyers at’ $250 to $500 reduction from regular prices. These houses have exceptionally fine in- terior tions, electric appliances, ete. | Watehman constantiy present. OWNER, Itoom 5, | _ 1201 Pa. ave. n13-3m | Fox, SALE—1433 8 ST. N.W and pressed-brick house; 10 rooms; beautiful eab- inet mantels; tiled bath room ‘and vestibule; electric appliances: steam heat; thie side- walus and large yard; very desirable property for h government officials or Congressman. 218-3m OWNER. Room 5. 1201 Pa. ave. FOR SALE—DESIRABLE HOUSES aT $1,600 TO BROWN-STONE $5,000 in West End Park, on monthly payments if desired; also lots for sale at $200 to $400, at $5 a month, without jaterest. Rare opportunity for t. For plats and circulars, address BENRY PP, Tol Gxt, opp. patent oilice. 24-1m FOR SALE—CHEAP. ON EASY TERMS—VERY Uttle money requi and payments can be made 1734 Corcoran st.; 782 2ist st. D.w.; 421 6th n.w.; 1505 M st. ow. Re L IDMAN, G03 13th st. oc21-w&stt [Alley bet 6th and 7th, | L and M si hb, 4 300 2004 M st, fb, Gr. .3.150 Stable in alley bet 15th & 16th, K J. sis ow 26 G st, th, ar: 215 1 st, b b, SOUTHEAST. _ W845 aud WIT M | gnhe st, fh, 10 and 6r.$3,000, 44,4 Store and dwg. cor | Good Hope and Nay- 426 Ost alley, a... 1. hb, 6r, each 122034, 'f hy 4r... 21) 2113 & 2115 D''st, Db, Br, each.....1,500 Alley bet 6t G and E, b 10th st, h, Sr... Dh, 4r. The above is Only a portion of the property on my books. For full omy at office for bulletiu 1 arity Se oe T. BE. WAGGAMAN, YOU CAN BUY TO ADVANTAGE Az these times. We have two especially good offers to make. They Won't be long ing. A beautiful three-story and basement brick dwell- ing, desirably located in Georgetown, and con- taining 7 rooms and Me po — for $35. To be it a low and on easy PI ge eG Bine-room dwelling, stable, a » to sold at w special price if purchased immediately. GE). M. MYERS, Real Estate, 1506 PENNSYLVANIA AVE. N.W. Tel., 70. dl4 Tow Baz RR SALE — DO YOU WANT A HOUSE? DO YOU WANT fe age el ell aS Goa ts Sa 10 and our agent Jot of ‘trosble and wor is Souse bunt! ~ us what you want, » location, num rooms, etc., and wi try to sult 5 fe wil ZEVELY & FINLEY, 413-30 622 F st. a. FOR SALE-~7-ROOM BRICK; 12TH ST. aoa beck yards 82.500: $100 cash fn ; a 5 . * STURGES & MOORE,’ 606 F st. n.w. FOR SALE—1226 G ST. N.E.; NEW; 62; nevis ‘papered: only’ ob ae #2.8001, $300 Ly Day i. one let * and monthly ents. FRANK L. HANCOCK & CO.. cor. fav" ana G sts. ne. a FOR SALE—1204-1213 LINDEN ST. N.E.; NEW; 6r.; bath; papered; electric bells; reception hall: strlish nis 3 $3,500; $100, cash and monthly: en a year; near it. NI HANCOCK & CO., cor. 13th und @ ste no ao FOR SALE-COR. MD. AVE. AND OTT ST. B.e.; ptessed-brick dow houses Ger beens bath; pressed spain. FRANK r & CV., cor. 13th and G sts. n.e.45 Fou SALE—OR EXCHANGE—A HANDSOME COR. unincumbered; renting net house, with stable: exchange for houses or EARLY, 608 14th at. Dw. A Grand Present. A PIANO is undoubtedly the best and Most appreciated present any one can make. It's practically a present for the whole family. Every one enjoys it. ‘That Is, tf {t's a good one. The best makes in the couatry are not too good for presents. You'll get them here. WEBER, DECKER BROS., FISHER, IVERS & POND and ESTEY makes every one fs familiar with. We're agents for them. It's easy to pay for them on our terms. ais THE POPULARITY OF THE KRAKAUER PIANOS originated from saperior workmanship in all de- tails, For suic ac KUHN'S TEMPLE OF MUSIC, 1209 G st. Established 1872. ni7-3m WE CALL ATTENTION TO THE FACT THAT A piano has been placed upon the market with a Keme similar to that of Sohmer, and purchasers may be led to believe that they are buying a genuine Sohmer. We have issued a circular treating this matter more fully, which wiil be mailed on application. HUGO WORCH & CO., Agents for the Genuine Sobmer Planos. 025, eh at. GEORGE J. BECKER, Professional piano tuver. Pianos tuned and ired at reasonable rates. Orders solicited. isfaction guaranteed. 805 11th st. a.w. HALLETT & DAVIS’ PIANOS BEAR TESTS OF time, use, tone, touch, artistic finish; a perfect plano: a ‘royal’ gift; palace styles and cot come buy or rent. 811 9th st. n.w. re- Sat. prices: di2-te Pianos and Organs FOR THE HOLIDaYs. We are the sole agents for CHICKERING PIANOS, MILLER PIANOS, MASON & HAMLIN PIANOS, BEHNING PIANOS, PEASE PIANOS, SMITH & BARNES PIANOS, MASON & HAMLIN ORGANS AND SMITH AMERICAN ORGANS. Special prices for casa during the month of December. e CUT THIS OUT and bring it with you, {t will entitle you to the rebate. Open Evenings. John F. Ellis &Co., 937 Pa. Ave., Near 10th St. a6-16t X NNN A BBR RRR Rx NNN AA BBE KK OXNX AA Boy ER KK NNN 44 BBB KER Grand, Upright Prayos. and Square, PIANOS FOR RENT. SECOND-HAND PIANOS, Including some of cur own make, but slightly used. WM. KNABE & CO., 817 Penna. ave. aud Ss the l| =a PIAN made to. dorsed by the musical profession; constructed after the most artistic desicns and in all kinds ef rare wood cases. Established more than 50 PFER & CONL! sears NLIFF, agi r-te 417 1ith ‘st. aw. DO NOT BUY UNTIL YOU HAVE SEEN THE modern VOSE PIANOS. Exquisite tone! Great durability! Elegant cases! as THOMSON’S MUSIC STORE, 621 11th st. STEINWAY, CHASE, GABLER, BRIGGS PIANOS, Organs and Wilcor & White Symphony for sale or rent. DROOP’S Music Store, tr Pa. ave. OCEAN TRAVEL. BERMUDA. Europe, whit iitss, $ % Choice berths secured without charge. Sailings, jlans, &e. Railway tickets all over the United Bates aud Europe: kc. Gaze select. parties. W. P. VAN WICKLE, 1225 Pa. ave. 416-s&w3mo ARTHUR W. ROBSON, G15 15th st. n.w. Telenhone 1664. Gteamsbip, Pussenger and Tourist Agest. ‘Tickets to Europe by all lines. Drafts in sums to suit. Foreizn Express. wud) Custom House Broker. COAL AND WOOD. G. W. MERRILL & CO., 1623 L st. n.w. of Domestic Coal. under cover. ‘Phone 46. 25-Im* Dry : George L. Sheriff, ESTARLISHED 1851, DEALER IN SUPERIOR QUALITIES OF COAL AND WOOD. Prompt delivery and lowest prices. Telephone 171. Family trade a specialty. Main office, Pa. ave. Bw. if 215-8m Best ATTORNEYS. Attorney-at-Law, Webste:_ Law vuilding, 605 D' st. ington, D.C. Residence, 983 K UNDERTAKERS. $2,360 per annum, with lots. Apply CHARLES m FOR SALE—TO SETTLE AN ESTATE—THRED & story press brick houses opposite Franklin Parks are ‘weak, miserable, lethargic, tion and zest ‘there is is cordial. It has been tn us years in this city. B aw. i 72 ft. 1% inches on I st. dy ir reat of lot. Apply to Dr. D. M. OGDEN. ecutor, 1624 P st. nw. 26-Sme AUGUSTUS BURGJORF, HING UNDEKLAKER AND EMBALMER, — 1834 NEW YORK AVE. N.W. Telephone, 20. NATIONAL FINANCES. (Continued trom First Page.) the bonds herein suggested, I recommend that he be empowered to execute from time to time, as may be necessary, the obliga- tions of the government, not exceeding in the aggregate $50,000,000, bearing a rate of interest not greater than 3 per cent and payable after one year from date, and that he be permitted to sell them at not less than par, or use them at not less than par, in the payment of public expenses to such creditors as may be willing to receive them. The condition of the treasury is such that unless some available means are promptly provided by law for supplying the growing deficiency, the public service will be serious- ly impaired and pensioners and other cred- itors subjected to great delay and incon- venience. Congress alone has the power to adopt such measures as will relieve the present situation and enable the treasury to continue the punctual payment of ail legitimate demands upon it, and I respect- fully but earnestly urge that immediate at- tention be given to the subject. The necessity for the extension of the power of the secretary to procure and main- tain a larger reserve for the redemption of United States currency must, I think, be evident to everyone who has given serious thought to the subject. At the date of the resumption of specie payments, January 1, 1879, the only form of currency, except coin certificates, which the government was re- quired or authoried by law to redeem in coin on presentation, was the old legal-ten- der notes, then and now amounting to $346,681,016, and it was considered by the Secretary of the Treasury that a coin re- serve of $100,000,000 would constitute a suffi- cient basis for the maintenance of that amount of currency at par. The correct- ness of this conclusion was shown by the fact that, so long as there was no material increase in the volume of paper redeemabie |by the government, the reserve remained | unimpaired and no serious disturbances oc- curred in our monetary system; but under the act of July 14, 1890, additional treasury notes have been issued to the amount of 155,030,940, of which there are now out- tanding $153,318,224, thus making the direct | Sovernment obligations in use as currency ;amount to the sum of $49,090,240, all of which the Secretary of the Treasury is now required by law to redeem in coin on pre- sentation. Besides this, there have been coined under authority of law $419,382.50 in legal-tender silver, upon which certifi- cates have been Issued to the amount of $334,138,504; and as Congress, in the act of July 14, 1890, declared it to be “the estab- lished policy of the United States to main- tain the two metals on a parity with each other upon the present legal ratio, or such ratio us may be provided by law,” an addi- tonal reason now exists for conferring upon | the secretary unquestionable authority to |Provide for such contingencies as may | arise. Under these circumstances it is, in my ry not only that he should opinion, necessa clothed with full authority to procure and maintain an ample reserve in coin, but that the A pie end for which such reserve is | to be held and used should be made as com- | prehensive as the duty imposed upon him by the law. The existence of such authority |i @ constantly available form would of itself inspire such confidence in the security and stability of our currency that its actual exercise might never become necessary; but the futility of declaring a specific policy and withholding the means which may become necessary for its execution is too epparent to require comment. Largely on account of | apprehensions as to the ability of the gov- ernment under the legislation then existing to continue the current redemption of its notes In coin and maintain the parity of the two metals, the shipments of gold from this country during the fiscal year 1893 reached, as already stated in this report, the unprecedented amount of $108,680,844, nearly all of which was withdrawn from the public treasury by the presentation of notes for redemption. Notwithstanding the most strenuous efforts by the department to maintain the hundred million dollar reserve intact. the presentation of notes for re- demption to procure gold for shipment abroad continued to such an extent that on the 224 day of April, for the first time since the — was established, it became neces- sary to use » part of it, and It was reduced to $95.422.857: but it was afterward in- ereased by exchances of currency for gold. so that on the 10th day of August ft had been fullv restored, and there was on hand $102,682,290 In free gold. By October 19, however, it had been diminished by refemp- tions of currency and otherwise to the sum of SSLB5LR85. which ts the lowest point it has ever reached, An Unwise Poltey. So long as the government continues the unwise policy of keeping its own notes out- standing to circulate as currency, and un- | dertakes to provide for their redemption in coin on presentation, it will be, in my opin- fon, essential for the Secretary of the Treas- ury to possess the means, or to have the clear and undoubted authority to secure the means, which may from time to time be- come necessary to enable him to meet such emergencies as the one which has recently occurred in our financial affairs. Under ex- isting legislation the Treasury Department exercises to a larger extent than all the other financial institutions of the country combined the functions of a bank of issue, and while the credit of the government is So strong that it may not be necessary to maintain at all times the actual coin re- serve which experience has shown to be requisite in the case of ordinary banking companies, still it would be manifestly im- prudent, to say the least, not to adopt such precautionary measures as would enable the government in times of unusual mon- etary disturbance to keep its faith with the people who hoid its notes and coins by pro- tecting them against the disastrous effects of an irredeemable and depreciated cur- rency. ‘Whatever objections may be urged against the maintenance of a large coin reserve, procured by the sale of interest-bea: bonds, it must be evident that this course cannot be safely avoided unless the govern- ment abandons the policy of issuing its own notes for circulation and limits the fune- tions of the Treasury Department to the collection and disbursement of the public revenues for purely public purposes, and to the performance of such other administra- tive duties as may he appropriate to the character of its organization as a branch of the executive authority. To the extent that it Is required by law to receive money on deposit, and repay it. or to issue notes and redeem them on demand, It is encaged ‘in a business which cannot be conducted without having at all times the ability to comply promptty with its obligations. Its operations necessarily affect. beneficially or otherwise, the private financial affairs of all the people, and they have a right to he assured by appropriate lecislation that their confidence In the inteerity and newer of the government has nat heen misntaced. Carrency Legislation. ‘The recent repeal of so’ much of the act of July 14, 1890, as required the Secretary of the Treasury to purchase silver bullion and issue treasury notes in payment for it, makes such a radical change in the policy of the government respecting the currency of the country that, until its effects are more fully developed, I do not consider it advisable to recommend further specific lJegislation upon that subject. As already shown in this report, the amount of money in the country, outside of the treasury, on the first day of December, 1s¥3, was $112,404,047 greater than the amount outstanding on the first day of November, 1892. This vast increase in the volume of outstanding currency, notwith- standing the enormous exports of goid dur- ing the year, is the result of several causes, among which may be mentioned the issue of treasury notes fos the purchase of. silver bullion, the excess of public expenditures over receipts, the additional circulation called for by the national banks during the late financial stringency, and the large im- ports of gold, which amounted during the months of July, August, September and Oc- tober, 1893, to the sum of $55,785,526. That the amount of money in the country is greater than is required for the transaction of the business of the people at -this time is conclusively shown by the fact that it has accumulated, and is still accumulating, in the financial centers to such an extent as to constitute a serious embarrassment to the banks in which it is deposited, many of which are holding large sums at a loss. This excessive accumulation of currency at particular points is caused by the fact that there is no such demand for it elsewhere as will enable the banks and other institutions to which it belongs to loan it to the people at remunerative rates, and it will continue until the business of the country has more fully recovered from the depressing effects of the recent financial disturbances. Money does not create business, but busi- ness creates a demand for money, and until there is such a revival of industry and trade as to require the use of the circulating medium now outstanding, it would be haz- ardous to arbitrarily increase its volume by law, or to make material changes in its character by disturbing in any manner the relations which its different forms now bear to each other. In the meantime, it will be the duty of all who have power to influence the course of events or to assist, by legis- lation or otherwise, in the solution of the grave questions presented by the altered condition of out monetary system, to care- fully consider the whole subject in all its aspects, in order that it may be permanent- 20, 1893-TWELVE PAGES. ly disposed of by the adoption of a simple and comprehensive system, which will, as far possible, relieve the government from nerous obligations now resting upon it, and at the same time secure for the use of the people a currency uniform in value and adequate in amount. One of the cipal difficulties encounter- ed by the Department results from the indisposition of the public to re- tain standard silver dollars and silver cer- tifleates in circulation. With the policy of maintaining equality in the exchangeable value of all our currency firmly established, and the further accumulation of silver bul- Hon arrested, there is no substantial reason why the silver certificate should not be as favorably received and as liberally treated by the public as any other form of note in circulation; and, for the purpose of creating a greater demand for their permanent use in the daily transactions of the people, I have directed that. as far as the law per- mits, and as rapidly as the opportunity is afforded, the amount of such certificates of denominations less than ten dollars shall be increased by substituting them for larger ones to be retired,and that the small denom- inations of other kinds of currency shall be retired as they are received into the treasury and larger ones substituted in their places. As the law now specifically designates the denominations in which na- tional bank notes shall be issued, they can- not be changed without further legisiation, and consequently during the present fiscal year, at least, the $64,688,489 in small treas- ury notes are the only ones that can be lawfully retired to enlarge the use of small silver certificates. I am of the opinion that if this policy can be carried out to the ex- tent of supplying the country with small silver certificates to an amount sufficient to conduct the ordinary cash transactions of the people, and if, during the same time, certificates of the largest denominations were issued in the places of others retired, so as to encourage the national banks to hold them as parts of their lawful reserves, the existing difficulties would be removed, and ultimately a larger amount of such cur- rency than is now in circulation could be conveniently and safely used. The treasury now holds 140,699,760 fine ounces of silver bullion, purchased under the act of July 14, 1890, at a cost of $126,- 758,218, and which, at the legal ratio of 15.983 to 1, would make 181,014,870 silver dollars, The coinage of the whole amount of this bullion, which would employ our mints, with their present capacities, for a period of about five years, would, at the ex- isting ratio, increase the silver circulation during the time named $55,156,681 from seigniorage, besides such additions as might be made in the meantime by the redemption of treasury notes in standard silver dollars. In order that the departent might be in a condition to comply promptly with any in- creased demand that may be made upon it by the public for standard silver dollars or silver certificates, or that it might take ad- vantage of any favorable opportunity that may occur to put an additional amount of such currency in circulation without unduly disturbing the monetary situation, I have caused a large amount of bullion to be pre- red for coinage at New Orleans and San cisco, and have ordered the mints at those places to be kept in readiness to com- mence operations at any time when re- quired. Revision of the Revenue Laws. The necessity for a comprehensive revi- sion of our tariff laws in the interests of greater industrial and commercial freedom need not be urged at great length upon the present Congress, one branch of which has been recently chosen by the people with that object distinctly in view. But it is not improper, unGer the circumstances, to sub- mit some suggestions upon the general prin- eiples involved in such legislation and the best methods of applying them, in order to secure, as far as possible, equality in the distribution of the burdens of taxation, and avoid, as far as possible, the taxation of one citizen for the benefit of another, or of one class for the benefit of another. The only proper purpose for which taxes can be levied and collected by the United States is to raise revenue for the support of the public service and the payment of public obligations, and it follows as a piain matter | of justice that no citizen should be required to contribute more than his equal share to- ward the accomplishment of these ends. While absolute equality is not attainable under any system of taxation that can be devised, it is possible to correct the flagrant inequalities which characterize our existing legislation; and in doing so, it is the impera- tive duty of those wha,are charged with the responsibility of making the revision to se- lect such subjects for taxation and prescribe such methods of assessment and collection as will secure the necessary means for the support of the government with the least possible injury to any part of the people, but without regard to the groundless ap- prehensions or unreasonable opposition of timtd or selfish interests. The imposition of specific or compound rates of duty is so inconsistent with the true principles of just taxation that noth- ing but the plainest necessity can justify it in any case, unless it be in a few ex- ceptional instances where all the articles taxed at the same specific rate are so near- ly oreat in value that the danger of unjust discrimination is not greater than it would be if an offictal valuation were required. A tariff is a tax upon consumption, and the condition of those who are compelled by poverty of means to purchase and fise the coarser and cheaper grades of goods should certainly protect them against unjust dis- criminations, even if it does not entitle them to some measure of exemption from the exactions of the government. Taxation according to value does injustice to no one, unless the rates are too high or are unequal- ly adjusted upon articles of the same gen- eral character and utility. It is distinctly the American system of taxation, and is recognized as just and equitable by the peo- ple in all the states in their laws for the as- sessment and collection of local revenues a the ad valorem basis. It is not proba- ble that any other method would be tolerat- wees ore uae pence ee where the = im 80) for the purpose of revenue with no incidental or ulterior object in view affecting the public health or mor- als; and it would never have been tolerated in our federal legislation, except in rare in- stances, if the use of the taxing power had been limited to the real purpose for which it was delegated. But the objections urged against the ad valorem system of tariff taxation are not generally based upon the proposition that it lacks the element of justice or equality, but usually upon the grounds that it is difficult of administration, and that it furnishes strong inducements for the commission of frauds and perjuries in order to secure false valuations of imported goods. While there is some force in this contention, I am not able to see how unequal taxation can be justified upon the ground that the burdens upon the people ought to be increased in order that the labors of public officials may be diminished, or that the honest citizen should be punished in order to prevent the dishonest one from attempting to violate the law. So far as the inducements to commit frauds and perjuries constitute objections, the slightest examination of the subject will show that they are much greater under the system of compound rates, which is one of the most prominent features of our exist- ing legisiation, than they could possibly be under a purely ad valorem arrangement of duties. The tariff law now in force imposes compound rates of duty upon a great many important articles in common use among the people, and which are largely imported from abroad, and in every such case a tempting premium is offered for fraudulent undervaluations by the importer or con- ee, Free Raw Materials, Raw and partially raw materials consti- tute the basis of all our manufacturing and mechanical industries, and unless our in- dustrial establishments cah procure them upon substantially the same terms as their competitors elsewhere they must continue to be seriously impeded in their efforts to supply the home market with their finished products, and wholly unable to extend their trade to other countries, except as to cer- tain commodities in the manufacture of which they have peculiar aptitude or em- ploy superior machinery. Taxes upon materials used in our shops and factories are especially objectionable on account of the fact that they multiply them- selves many times before the finished arti- cle reaches the hands of the consumer, and thus impose a burden altogether dispropor- tionate to the benefits supposed to be con- ferred upon the producer by the so-called Protective system. A tax upon iron and wool necessitates a still higher rate upon ail forms of manufactured iron and steel and upon all kinds of woolen goods; and these progressive increases in rates are piled one upon another at every stage of the manu- facturing process until the completed arti- cle is ready for sale and consumption. The result is that the cost of production is made 80 great that our manufactures can neither exclude their foreign competitors from our own market, nor share their trade in the markets of other countries,while the Ameri- increased outlay by the tax with a percentage of profit added. With free raw materials as s perma- nent feature of our revenue legis- lation, the demand for labor would while enlarged opportunities for the profit- able investment of capital would stimu- late the spirit of enterprise among our people and greatly diminish the danger of Periodical suspensions, lockouts, and strikes which have in recent years so seriously in- terrupted our industrial progress. Nearly allied to the policy of free raw ma- teriais is that of cheapening the necessaries of life for the masses of the people. lation which unnecessarily increases the cost of living is wholly without justifica~ tion or excuse, and in the revision of our revenue laws this objectionable policy should be wholly discarded in the interest of both labor and capital. So long as the government maintains a system of which affects the prices of commodii health and comfort of the people, food clothing, and shelter, and upon the tools and implements of trade by jabo- in earning the means of subsistence. Luxuries and articles of taste and who pay them, but taxes which diminish the purchasing power of the laborer’s wages in procuring the necessaries of life strike at the foundations of the social system, be- cause the material welfare of all our com- munities depends in a large measure unon the prosperity and contentment of those who labor in some form for their own sup- The Estimated Revenues. If the amount and value of the importa- tions of the character of dutiable merchan- dise should not, during the fiscal year 1895, exceed the amount and value of such im- portations during the fiscal year 1893, the receipts under the measure now pending would be about $122,000,000, but there are | strong reasons for the opinion that the proposed reductions in the rates of duty will encourage importations to a very con- | siderable extent, and that, consequently, tne revenue will not be diminished in the | same proportion as the rates are reduced. | Moreover, experience has shown that un- | der ail our tariff legisiation there has been | an almost constant tendency toward an-| nual increases in the amounts and values ‘of dutiable imports, even though the rates of duty remained the same. To what extent the importations will be increased solely on account of reductions in the rates of duty it is of course impos- sible to foresee, but it is reasonable to con- clude that this cause, together with the natural increase of our purchases from other countries, will result in a much larg- er revenue from customs in 1895 than is indicated by a mere comparison of proposed reduced rates with those under which the collections were made in 1893. I am of the opinion that with proper econ- omy in public expenditures, which it is hoped will result in a considerable reduc- tion from the estimates, an increase of $50,000,000 to the revenue for the fiscal year 1895, by the imposition of additional taxes under the internal revenue system, will supply sufficient means for the support of the government, and that this sum can be without seriously disturbing the 1 —$ —$______., much less expense than at present if the law should be so amended as to authorize the Secretary of the Treasury to reduce the number of customs districts whenever in his opinion the interests of the service demand, and authorizing him to station proper of- cers wherever the necessities of commerce may require, with the power to enter and clear vessels and to perform similar duties connected with the navigation service. Since the act of March 3, 1871, was passed the custom business has largely increased, not only by the growth of business at the Principal ports, but by the establishment of i and customs districts. The sum a for collecting the revenue from customs is always uncertain, and, the Sec- retary says, is insufficient to cover the ab- solute needs of the service. The departm: is, therefore, very frequently compelled to refuse expenditures necessary to insure the proper enforcement of the revenue laws. He therefore recommends that at least sev- en millions be appropriated annually for this purpose, and that the miscellaneous re- ceipts now credited to this appropriation be covered into the treasury. He also recommends, as suggested by the Superintendent of immigration, that Con- gress will at an early date carefully revise and re-enact the laws upon the subject of alien contract labor, making them more cer- tain, explicit and comprehensive, and giving additional remedies to insure the enforce- ment thereof. The Chinese Exclusion Laws. In a chapter devoted to the Chinese ques- tion he speaks of the difficulty of enforcing the exclusion laws because of the practices resorted to by coolies, and gives it as his opinion that so long as our laws prohibit the landftg of Chinese laborers the privilege of passing through our territory cannot be safely granted, and ij should be at once re- voked. If this privilege is continued, he Says, it will be impossible to secure an ef- ficient execution of the laws passed by Con- gress for the exclusion of the Chinese labor- ers. He also suggests the necessity for supplementary legisiation, under which the Secretary of the Treasury may exact from the persons holding concessions bonds pro- viding for the return of Chinese laborers admitted as participants In the California mid-winter exposition in the guise of actors, exhibitors, etc. More Vessels Needed. The Secretary says that a number of ves- sels are urgently needed for the proper maintenance of the revenue marine service, viz: One cruising cutter of the first class on the New England coast, two on the great lakes, two on the Pacific coast and @ business of the country or doing injustice to any part of the people. y different methods of providing this additional reve- nue have been suggested and discussed, and after a careful examination of the whole subject I nave reached the conclusion that it can be most conveniently and justly raised by increasing the tax on distilled spirits 10 cents per gallon, and by additional taxes on cigars and cigarettes, and the im- position of new taxes on playing cards, cosmetics, and perfumeries, legacies and successions, and incomes derived from in- vestments In stocks amd bonds of corpora- tions and joint stock companies, The increased tax on distilled spirits, ci- gars, and cigarettes should be imposed upon all such articles im existence and upon which the revenue has not been collected, at the time the act takes effect, but a reas- onable time should be aliowed in the cases of the new taxes. The propriety, under the circumstances, of increasing taxes upon distilled spirits, cigars, and cigarettes, and the imposition of new taxes at a reasonable rate upon playing cards and cosmetics and perfumeries, will not, I think, be seriously questioned, except by some of the produc- ers of these articles, wno constitute com- | paratively a small part of the people. Taxes | which directly or indirectiy increase the cost of the actual necessaries of life should be avoided whenever it is possible to do 80, but the consumers of such articles as are |not essential to health and comfort ought | not to complain when called upon to con- tribute a part of their voluntary expendi- tures to the support of the government. ‘Taxes upon legacies and successions and incomes acquired from investments in | stocks and bonds of corporations and joint | stock companies are less objectionable in | their nature and in the methods of collec- tion than any other excise? which it is competent for the United States to impose upon incomes according to their actual value or amount. They are not inquisitor- fal nor Hable to evasion by the fraudulent | suppression of facts, and they have the ad- |dittonal merit of being tmposed entirely upon that part of the citizen’s income which is not earned by his labor or skill, but which, In the cases of lecacies and suc- cessions, is acquired by mere operation of law or by gratuitous bequest, and in the case of incomes from investments in cor- Porations and joint stock companies, by the simple earning capacity of his capital as such, without personal effort upon his part. Taxing Incomes. ‘When the necessities of the government compel it to resort to additional sources for procuring revenue, {it is but fair that it should make its requisitions mainly upon those whose possessions are of such a char- acter as enables them to escape, wholly or Partially, the general burdens of taxation, rather than upon those who are already taxed substantially to the extent of their ability to pay; and as incomes from capital invested in the stocks and securities of the institutions mentioned are not now subject to taxation under any law of the United States, or the laws of the several states, —— in = few instances, it cannot be con- sidered unjust to exact a small percen of their amount for the public use. It = generally recognized fact that capital in the form of money, bonds, and other evi- dences of d=bt does not usually, by reason of its intangible and transitory nature, bear its due proportion of the burdens of taxation under the revenue laws of the several states and municipalities, as com- pared with real estate and visible personal Property;and while no discrimination should be made against it, whether it be it ed by corporate or other investments, there appears to be no good reason why the con- tributions for the support of the public service generally should not be equalized as nearly as possible by including this kind of property in the federal revenue system. But if it shall be said that there is no bet- ter reason for imposing a tax upon incomes derived from investments of this kind than | there would be in taxing incomes from other sources, the answer is that these institu- tions are invested by law with valuable franchises, privileges, and immunities not enjoyed by the indtvidual citizen, and that these frequently contribute more largely to their earning capacity than the character or value of their other property. The holders of their stocks and securities are in this re- spect more favored than their fellow citi- zens generally, and the exchangeable value of their shares and bonds, as well as the annual incomes derived from them, are greatly increased because they are so favored. Public Economy. It is scarcely necessary to suggest to Con- gress, in this connection, that the present and prospective condition of the treasury and the general state of the country, de- mand a policy of the strictest economy in public expenditures consistent with an effi- cient administration of the laws. Reduc- tions of taxation cannot be logically insisted upon, or be made practically beneficial, without a corresponding reduction of ex- penditures; but such a reduction cannot be permanently effected by merely withholding appropriations required for ine proper ex- ecution of existing laws, which impose duties upon the heads of executive depart- ments and other public officials. Deficiencies are not savings, but as a general rule result in larger expenditures than would have been made if adequate appropriations had been granted in the first instance. Genuine econ- omy and frugality can be secured only by the repeal of statutes authorizing or requir- ing unnecessary expenditures, and the refus- al to enact newlaws creating charges against the treasury for purposes of doubtful utili- ty; and although such s policy will probably be vigorously opposed by powerful interests more or less dependent upon the patronage of the government for support, and by local influences seeking legislative favors, it is evident that it must be adopted and adhered to if any substantial result is to be accom- plished. Carlisle Secretary ives interesting details of the business of the various branches of the ent, including a synopsis of the annual reports of the officers having super- vision of coins and coinage, public moneys, Joans and currency, national banks, foreign commerce, customs administration, internal revenue, immigration, navigation, light houses, life saving service, marine hospital service, &c. This information has already been given to the public tn the annual re- ports of the officers in charge. Secretary Carlisle says the recommendations made by the controller of the currency for the im- provement of the national banking system are pertinent and deserving of congression- al attention. Customs Administration. In regard to customs administration he expresses the opinion that the service would in the installation of electric lights in one lightship and in setting up revolving lights on two other lightships. The board has made some progress in its studies as to the continued its efforts to use buoys carrying electric lights. Referring to the great damage by storms during the past year, the Secretary invites attention to the necessity for making ade- quate provision for the light house estab- lishment. Last year a little more than §2,- 500,000 was appropriated for the purpose. Live Saving Service. The Secretary reviews briefly the splendid work of this service, and says: The oc- currence of several furious storms along the Atlantic coast during the months of May and August of the present year, resulting in the serious loss of life and great destruc- tion of property, hag caused considerable public agitation of the question whether the period daring which the stations are mann- ed (now beginning the Ist of September and | ending the ist of May following) should not be extended to embrace these two months, In view of the frequency and violence of the tempests, which the experience of sev- eral recent years shown are lable to devastate t Atlantic seaboard 4: these months, the Suggestion that the active season be prolonged to include them would seem to be well worthy the consideration of Congress. District of Columbia. In a chapter under this head the Secre- tary says the net expenditures on “account of the District of Columbia for the fiscal year 1893 were $5,827,525.02. The net rev- | enues deposited in the treasury on this ac- | Count for the same period were $3,111,742.27. He reviews the operations of the District sinking fund (heretofore published in The Stan and says: “The duties relative to District affairs de- volving upon the treasurer of the United States are of varied and diverse character and attended with great responsibility, and they are constantly being increased by con- gressional enactments. These duties the treasurer exercises in the capacity of a federal officer by means of a separate de- partment of his office, known as the sinking fund office of the District of Columbia, but which is not a branch of the Treasury De- ee but is in point of law legitimate- and properly an office of the United States and a branch of the treasurer's bu- reau, for which he is as much treasurer to detail clerks to assist in duties of the office when necessary, make an equitable adjustment of the penses. Pacific Raflronas. In view of the approaching maturity of the bonds issued in aid of Pacific railromis the Secretary submits that should receive the early sideration of Congress, with a view to adop- tion of some plan which will more secure the ultimate payment of the indebt- edness to the government, and at the same time management and expenditures as may be considered necesscry to protect the rights of all parties interested in the property. It would be very unfortunete, in his opin- jion, if the government should be forced by any combination of circumstances to take Possession of and operate these lines of railway, and every reasonable effort, he says, should be made by all parties to avoid such a result. vi Engraving Printing. The Secretary says that one of the press- ing needs of the bureau of engraving an@ Printing is additional room for the per- formance of its work, which has increased enormously since the origmai budding ia Which it is located was designed in isis. im that year the total numer of sheews pro- Guced was lj,wws,di6, wole in isw the number produced Was 43,503,528, or am an- Crease Very Reatiy lourivid. Aany OF We empioyes requirea wo execute tis very juree increase have been oblwed to Wor in tne cellar aad other unsuitalue pluces,and they have been greatly overcvowaea in otner parts ot the building. “1 am in- formed,” says the Secretary, “that this has resulted in a condition of afairs that would not be tolerated in manufacturing estab- lishments by many of the states. The best Work can not reasonabiy be expected from such conditions. The remedy is for Con- gress to provide for the completion of the outbuilding of the bureau, in which many of the processes now carried on in the main building can be conducted, and for an enlargement of the central projection of the building, plans for both of which have been prepared and estimates of the cost of which Will be submitted to Congress. The com- pletion of the outbuilding would elso pro- vide for the proper accommodation of branches of the work thet are now per- formed in temporary sheds, and for the storage of valurble material. T earnestly urge upon Congress the approvriation of the Necessary money for thts work. At prerent thie bureau executes all of the A printing required by tment and mach ~ § ther departments moet ronsiferable exeerted outside of ment) te the noetars stemne and postal Poet Offce Denart- for Coneress to of Sovine this an ont hove be improved and the revenue collected with|a part of ft done tm privete establishments,