Omaha Daily Bee Newspaper, December 3, 1890, Page 5

'HE OMAHA DAILY BEE WEDNESDAY., DECEMBER 3, 1890. FINANCES OF -THE COUNTRY. n - - feoretary of the Treasury Windom Makes f His Report to Congress, OBJECTIONS TO A LARGE SURPLUS. Tack of Elasticity the Gravest Defect in Our Fresent Financlal System— ITncreased Pension Estimates— The Silver il Wasnivarox, Dec, The repoat of the secretory of the treasury, submitted to con- gress today, shows the total receipts of tue r the past fiscal year were and tho toral expenditures This includes the revenuos s of the postal department. 1 from the aggrogate on both ccount there remains as the or- venues of the government the sum 263 and as ordinary expendi- . and expendit Deducting th sides of t tures the sum of §207,7536,486,60,leaving a sur- > Plus of $105,544,490.03. Of this amount there was used in the redemption of notes and frac- tional currency, and purchase of bonds for the sinking fund, the sum of $48,004, 06, loaving a net surpius for the year of § 081.87. As compared with the fisc receipts for 1800 haveinc For the fiscal year 1501 the revenues arc es timated at £105,000,000 and the expeuditures at §354,000,000, leaving an estimated surplus of §32,000,000. If to the estimated surplus there be added the the yearand the national bank fund denc in the treasury under the act of July l4, 1800, the total ‘available assets for the year, exclusi f fractional silver and minor coin, will be §162,000,000, ‘There has been paid out during the first four months of the year in = rchase of bonds for the sinking fund and in other redemptions of the debt, in- cluding promium, about $100,000,000. It is ostimated that the redemptions of 4!/ per oot bouds during the remaining cight months of the year will be $10,000,000, mak- - Al outlity for Yonds purchased during including premium, of $110,000,000, leaving ‘s net bulance on June 30, 1591, of £2,000,000 available during the next fiscal year. The estimate of revenuo to be derived from customs during, the present fiscal year is based upon the assumption that there will be a probable loss from miticles placed on the froo list, including sugar, during the last quarter of the year amounting to £25,000,000; but as there has been an increase of 16,000, 000in the dutts collected during the fivst four months of the § the cstimated net i $0,000,000. ated revenues for the 'fiscal year 000,000 and the expeuditures leaving an estimated suvplus rase of £65,550,804.72 in the esti- mates for 1502 over the " estimates for 1891 is to be found under the following heads: Pen- sions, establish- ment, establish- ment wso; Indian_ service, #1,04 oreas case; public works, $704,000 in’ { military establishment, ' §758,000 in- crease! muking @ total of $30,005,%0. The balance of the increase is duo to the esti- mated expenditure for redemption of national bauk notes, and for bounty on the production \ of sugar, lss a decrease of $1,500,000 in the estimate for interest on the public debt, aud a further decrease of about §3,000,000 ur: spective heads of ‘“‘permanent annual approprintions” and “miscellateous,” The estimate of $i 3 fnterior department the based upon the fact that over the claimants for pensions under ol laws hu\l‘ 1 themselves of the right to p ns under the act of June 27, under the new law, monthly rote, and carry arrcar- only a short time, and for small s, while under the old laws many of them carry very large arrearages, and ill hivve been paid during tho by the 1802, is year new law will therefore v reduce the average aunual value of pen and a reduction in the amount of arrea alone 1s estimated at $10,000.000 for the y 1802, For these reasons it is estimated ‘tha the amount above named for 1892 will be sufficient to meet the aggregate requirements for that year, It is decmed advisable and opportunc at this time to recommend achange in the periods of paying pensions. At present the aw requires that paymentsto pensioners shall be made quarteriy on the fourth day of March, June, September aud December in each yoi ch necessarily involves the accurnulation of large sums in the treasury, amounting to from thirty to thirty-five mil- Jions of dotlars for each quarterly payment. This unnecessary withholding of money from circulation may be obviated by making twelve monthly paywents instead of four quarterly payments, as now required, Upon gonsultation with tho secrotary of tho iuter- . 3 for 1t is suggested that the law be changed so a8 to divido the eighteen ponsion agenies into three groups, as follows cies at Columbus, O., Boston, Mass,, and San | The pension agen- Washington, D. C., Detroit, Mich., Augusta, Me., icisco, Cal, to make their pay- arterly on the fourth day of Mae eptember and December; the pension agencies at Indianapolis, Ind., 'Des Moines, In, Buffalo, N. Y., Milwnukee, Wis., Louis- and Pittsburg, Pa.,'to make their torly upon’' the fourth day of April, July, October and January; and the pension dgencies at Topeka, Ku Chicago, 1L, Philadelphia, Pa., Knoxvi Tenn., New York City, N. Y., and Co N. H., to make their ‘bayments quarte thie fourth day of May paymen v on August, November the first group 5225 the second and_ the third 3. and it is prob- < substantially main- n 4053, i group disbursed. §15,087 group disbursed §i able that this ratio wil tained in the future, "‘G There ure many grave objections to the accumulation of a large surplus in the treas- ury, and_especially to the power which the y coutrol of such surplus gives to the secretary. I am sure those objections appeal to no one with so much force as to the head of the de- partment, upon whom rests » difieult and delicate respofisibility of its administration. In my judgment the greatest defect in our present financial systom is its lack of el J m-ni-. The uationul bauking system sup- N plied this defect to some coxtent by the anthority which the banks have to in % irculation in times of - stringency, and when mouey becomes redundant, [ ason of the high vrice of bonds this ¥ authority has ceased to be of much practical kb value, The demand for money in this country ll s0 irregular that an amount of which wilt Quring ton months of the y quently prove so defic: two months as to cous mercial disaster, without any spec ul.mw nmmpulmmn‘ of money, though, unfortuy v, it is_often in- tensificd by such manipulations. The crops of the country have reached proportions so immense, that their movement to market in August and Septomber aunually causes a dangorous absorption of money. supply to meet the increnses nouths may entail b ultural as well a rests. Though fi may occur atany time, and from many e t nearly all of the gre mercial crises in our history have oocur during the months named, and unless rovision be made to meet such continges nthe future, like disasters may be confi- dently expected. I am aware that the theory obtains, in the minds of many peaple, that ~ if there were no surplus in the treasury, a sufficient amount of money would be in circulation, and hence no stringency would occur. The' fact is, how- ever, that such stringency has seldom been produced by treasury absorption, but gener- io sudden or unusual demand for entirely independent of treasury con- ditions and operations. The fluancial pres- sure in September last, which at one time assumed @ threate avacter, illustrates the truth of this statement. There was at that time no accumulation of money in the treasury from customs or internal reveuue taxes, nor from any other source that could s have affected the money warket. On the con trary, the total disburscments for all pur. poses, including bond purchuses and interest prepayments, during the last preceding fifty- be _ample -~ three days, had been about $20,000,000 in ex- cess of the receipts from all sources The more recent financial stringency in No- vember, immediately after the disbursement of over §100,000,000 for the purchase and re- demption of bonds within the preceding four months, furnishes another forcible fllustra- tion that such stringencies are due to other causes than treasury operations, Referring to the silver law the secretary says: Notwithstanding the fact that the advance in the price of silver following the passage of the law has not becn maintained, the secrctary ventures to express the belief that the uew silver act is a great improve- g ed, and that its ben- eficial resuits will eventually commend it to general approval. As has veen too brief to really test the merits of and the permanent effect which it will have on the price of silver, One thing is certain, that it has been the t the period of time means of viding & healthy and much- ted addition to the circulating medium of United States, el S — Dr. Birney cures catarrh, Bee bldg, — - ’I'ln‘mlyh l'mwh(w ~Pullman palace 1 ining chair ning points via the great Rock Island route. Ticke flice 1 ‘()2, teenth and Farnam. b vl Every Woman who can afford it should purchase her husband @ set of Morse’s Encyclopedin Britun 25 volumes, full unabridged, 20,000 ps every word and every letter thatis in the $200.00 Edinburgh edition, 1st vol, 60c. After that, $1.50 a vol. And if you do not wish to continue taking the sct after purchasing the lIst vol. you need not do so—the whole sot 60y is complete up to the ninth ah edition, Ours, in § Rt s I)uu]lng. is $36.60— deliverable, 1, 2, 3or 4 vols. a month. THE MORSE DRY GOODS CO. i ittt of the Great Rock Sixteenth and Farnam © the finest in the city. Tickets to all points The new offi Island route, 16 streots, Omaha Call and seo them. onst at lowest v Dr.Birney h. Bee bld. g Weather Probabilities, For December—Indications point to cold, frosty weather. That, however, will make no difference to those who travel in the steam-heated and elect lig ted, limited vestibule train which isrun only by the Chicago, Milwaukee & St. Paul Ry, between Omaha and Chicago. This elegant train leaves Omaha at 6:10 p. m. arviving in Chicago at 9:30 a. m., in time t0 make all ¢ 'n connections, For further information apply at l'ity ticket 501 Farnum st.. Omat I K. uq Pass . A. NAsH, General Agent. Agent., arch, Bee bldg .“lll\r: 1602. Sixteenth and Farnam streets is the new Rock Island ticket office, Tick= ets to all points east at lowest rates. Army Notes. Captain _Wilhelm, Eighah infantry, sta- tioned at Fort Washalkie, has had his leave of absence extendod by {ho war department tWwo month Private Sullivan, Company A, Seventh in- fantry, at Camp Pilot, Butte, has been granted a furlough for'three months from December 8, and ordered discharged on its expiration. Private Frederick Bery, Company A, Six- teenth infantry, stationed’ at Fort Du has bee nd ordered to I Utab, the s u of Company H, The war department has called a halt, with regard to the discharges of ealisted men in the army. Hereafter, men after three yoars® service wil be discharged as us but the number of those by purchase and as “veterans” will be regulated so as notto affect the strength of vthe army. Act ‘veterans” and those who desire discl by purchase will uot be sure of receiving their discharges. —_— Reassembling of the Reichstag. BERLIS, D ~The reichstag reassembled todny. The bill providing for the dofense of Heligoland passed its first reading. ARE YOU TROUBLED \With an old sore, ulcer, or gun shot wound that refuses to heal P Eive vears up. If s 3 ada sore leg, which so take §Cug yield to no treat- S.S.S., Jment—untl I took two and be. [botties of 8. 8. 8., which . prompt y cured it, end € OmM € fihero has becn no *ign of y 0 u r| ewum; this wasin 1886, forme r | B R Bosz Newton, N. €. self. S. S. S, has cure many such cases after every other remedy had failed. #00KS ON 8L000 AND SKIN DISEASES FAEE. The Swi( Speol”e Co. [ Ga HUMPHREYS" VETERINARY SPECIFICS For Horses, Cattle, Sheep, Dogs, Hegs, | AND POULTRY. 500Page fllml( onTreatment of Animals rt Sent Free. Fer i yent Da ] A mmation A.A.’FD'"H. Ml"l fll‘lll-.‘""l Feve B, Serai mameness, Rheam N llllBlIDl‘V. Nasal Discharges. Bots or Grubs, Worms, ‘aughs, Hon Colic or Gri) scarringe, £ rm‘-ryl-.-‘n.l o 1 eanes, Mu Dibenses of Digestio, Parnlysis. ngle Bottle (over 50 doses), - - +60 4 Specifics, M; Stalje (A:I'XIN!I’ (“'“::hflllml llfil” .l“lAL 0 Jar Veterinary Cure Oll, = = 1,00 ‘xld by Dmurhtl. Ofilnt Prwlld lfl"hll‘ and in any quanti eceipt of Pri BUMPKRHYS‘ MEDXOXN%CG Oorner William and John St York. HUMPHRETS HOMEOPATHIC 2 8 R e e or & viole and Lo so":‘;'x'uhfifim'n’?-'n o T gent postpiaid o of priceHUMPHREYS' MEDICINE Ci Oor. William and Jobn Std, I’ Liiebig Gompanys EXTRACT OF BEEF For tmproved and economie cook- ery, use it for Sewps, Sauces and Made Dishes. In fiavor—incom- parable, wnd dissolves perfectly clear in water Makes deliclo u Beof Tea and heeps i all climates for any length of time. 1 1b equal to 40 1bs of lean beet. Only sort Eunrunmd genulne y Justus von Liebig 3 and bears his signa- wure lu blue, taus: Men's Underwear, To-day, we will open and put on sale some of the most desir- able bargains in Men's Underwear we have shown this scason. 25 dozen All Wool Scarlev Underwear, At 35c. 32 dozen Heavy Fancy Striped Undor- ' At 3bc. 82 dozen mgulm 65¢ Merino Underwear At 45c. dozen splendid Gray Underwear, At 60c. dozen very flne and soft Gray Under- wear, [shirts with fancy cuffsand ribbed bottoms], At 75¢. 82 check. 64 dwvn excellent heavy weight Brown Merino Underwear, At 75c. wear, 82 dozen Brown Mixed Cashmere, All at 90c. 64 dozen Camel’s Hair Underwear At $1.00. 88 dosen| Bia! (.m Cashmere Under- wear, At $1.15. 64 ll()ll‘ll )wl\vv Cashmere Underwear, Fleece lined. At $1.25. At $2.00. We will offer 48 dozen very finest Jer- sy Ribbed Underwcar, These same goods are actually being sold for three fifty rght here in Omaha. dozen Double-Breasted Gray Under- 16 dozen extra size Merimo Underwear, WeSELL EVERYTHING a MAN WEARS “GIVE THE BOYS A CHANCE” This week, we will put on sale in our Boys' and Children's Department, two of the biggest bargains we have ever offered. The goods are right, the prices areright, and “the boys need some new clothes, don't they, mother?” Bargain Number One. Workh Two Fifty to Thres and a Half. Jant Suits, Three Hundred Boys™ All Wool Knee made of a good, heavy cassimere, well and neatly gotten up; ages five to fourteen years. come in four distinet styles, brown and wine stripe, brown and "uld stripe, brown check and gra n) [They look much handsomer with a boy inside. ] Our price for this week ONE NINETY A SUIT. Bargain Number Two. Worth Three Seuenty-five to Four Dollars. Two Hundred and Fifty Boys™ Knee Pant Suits, made in three handsome styles of an All Wool Cheviot. In style, finish and wearing qualities well worth three seventy-five to four dollars. For a flyer we will sell them at TWO TWENTY-FIVE A SUIT AT THE SAME TIME WE WILL OFFER: BOYS' BOYS' BOYS’ BOYS’ BOYS' < BOYS’ AT OVERODATS, OVEREOAT, OVERCOARS OVERUDATS VRO, FBRCOLTY 05c 1$1.25.1$1.50.182.50.$3.50,$4.00. AT A ALL WORTH ABOUT DOUBLE THIS PRICE. We propose to make the closing month of the year 189o long to be remembered in the ois- tory of the clothing trade of Omaha. Watch for our ads. in the papers. See the goods in our windows. Come and see the goods we advertise. You'll always find them exactly as we tell yu. NEBRASKA GLOTHING €0 FOURTEENTH AND DOUGLAS. We're going to have a surprise parvly this week, and you'll be invited. “0 SC“ BO)S gh()@% TOO Our advertising man has some- what neglected our “shoe store” for some time past on the plea of “let well enough alone.” We can never selltoo many shoes tosuit us Our workingmen's shoe at a dolar " a quarter, with solid sole leather insole and counter, saves you seventy-five cents every pair \nu buy. \nu save ninety cents on our one eighty-five shoes. That's a fact. . For two dollars and a half we sell you a genuine Goodyear Welt \]mv-»«.mrh|n]n couldn’t say more, At $390 a Pdll We sell you a shoe the equal of any five dollar shoe in the country. It's a pet.of oursand has made more friends for us than any one slm(‘ in our store: At $4 28 We've got a new thing for “nobby folks,” They’re an imi- tation bal or button in style, but the quality is a Genuine Kangaroo. Don't you often see shoes in store windows and have them shown to you in stores for seven and seven fifty? Its foolish to payit. We sell as good a shoe as can be made, every stitch sewed by hand, for five dollars nd twenty-five cents. Pains in the Back, Chest and Limbs, and all the usual The applieation of RADWAY'S READY RELIE) cure the sufferer Internally in doses of from thirty | & fow moments. Cramps, Spasms, Nausen, Vomiting, Cold Chills, Ner wlo at Drugglsts. RADWAY & Co., ADY R FOR PAIN CURES AND PREVENTS Colds, Sore Throat, Bronchitis, Rheumatism, Neuralgia, Inflammation of the Lungs, Kldneys and Bowels, Sclatica, Chilblalns, Frost Bites, Toothache, Hoadache: AMDVMANfiE; CONSEQUENCES OF TAKING COLD. totho parts afected, will instantly relievo and soon , Flatulence, Heartburn, stiess, and ail intornal j pains. ELIE To live upto all that you make—is an error. To pay a big price for clothing because the store adverti order to maintain big expenses—is worse than an error, suit for $20.00—is an error. Ixty drops, in halt aftumbler of water, 1t will curo in rrhoes, Sick Headache, W cents a bottle. For that costs. THE SPECIALlST. Mora than 15 years' experience In the troatmentot PRIVATE DISEASES. A cure guaranteed In 5 L five days without theloss ofZan hour's time. STRICTURE Permanontly curod without pain or instruments; no cutting; no dilating. The most romarkabie remedy kuown to modern soience. Write for elroulars. SYPHILIS CURED IN 80 TO BO DAYS. trestment for this terrible blood dl oure of this disease. His ruocess with this disoase lias never been equallod. A complote OULE GUAL | ANTERD, Write for circulars, LOST MANHOOD and all wenknoss of the sexual organs, norvousness, timtdity nnd despondency absolutely cured. lef is immediate and complete. SKlN DISEASES Thoro Indies Is pronc themoxt ‘comp ota and conve fered for_tho treatment of truly & wonderful Temedy, X9 instruments; 00 Al HOURS FOR LADIES VRON 270 & ONLY. DR. McCGREW'S marvelous success has won for him a reputation raoter, and Lils grent patients reachos the Atlantie to the [he Doctor I8 & graduato of "REGULAR™ medicine and hns had longand careful experience in hospital pry and 18 classed among the leading Inlists In modern sclonoe. Treatment by corre- dence. Write for ciroulars about each of the 0o lsoasoag@iiess: Office, 14th and Farnam Sts Entrance on eith r steass. utalo, Ohing contaeninl v clve UP DON’ i private disew-os of men. ain cure for the debiil: weaknes pecullar Midoale by Tyrescs o itand foel ste Tie Evans Cuiwieat Go.in ro & It CINCINATI, 0 At FArW DR.MCGREW| SYpyiLIS SER WHAT YOU CAN 10to Not to carefully consider where to buy and why you should buy-—i ERRORS MADE BY MAN! S an error, ) hcfl\l]_) and charges big rates in To suppose that you can do better than you can at the Misfit Parlors—is an error. To pay $35.00 for a ready-made suit when the Misfit Parlors will sell you a ¢45 custom-made To pay $6 and ¢8 for poorer pants than the Misfit Parlors will sell you ¢3 and $4—is an error £11 ALTERATIONS DONE FREEOFCHARGETO INSUREA PERFECT FIT. SAVE. GURED SUITS. FALL AND WINTER OVERCOATS, PANTS. n.,.. :‘7;3 cus:nm mm{e suII: ?u-.., . ;;6;8 :"8 custom made overcont for. $32,00 | $16 custom made pants for . custom made suit for o K 60 custom made over $15 cust de pants for. We guarantee 1o | g5 custom made suit for 1501 | $50 ciis\iim AT SYao it for T e cure a,n'ycase of Syph- $560 custom made suit for.........$25.00 | $45 custom made overcoat for.....$20,00 | $12 cnstom made pants fo flis no ma-tter Of hOW $45 custom made suit for. .$20.00 | $40 custom made overcoat for.....$17.50 | $10 custom made pants for. » $40 custom made suit for . 818,50 | $35 custom made overcoat for.....$14,00 | § 8 custom maide pants for. lon; sta.ndlng. And | $s5 enstom mado suit for. .$15.00 ) $28 custom made overeoat for. .. ..512, $ 7 custom male pants for we havetheonly rem= edy that will cure the FULL DRESS SUITS FOR'SALE OR HIRE, disease. You have tried everything else and wasted your money, why not now try us. We guarantee tocure or refund every dollar. When it is nec- Open evenings until g o'clock. 1309 Pamam Street Omaha, } ORIGINAL MISFIT CLOTHING PARLORS, Saturday evenings until 10 o'clock. 1309 Neb. essary for patient to come here we agree to pay railroad fare both ways, all hotel bills and refund your mon- ey if we do not cure you. Write for partic- ulars; do not be hum- bugged any longer. ‘We are financially re- sponsible with $300,- 000 capital. COOK REMEDY Co0., Omaha, Neb., Rooms 39 & 40, 13th a.nd Dodge Sts. G. 8, RAYMOND WATCHES. DIAMONDS and FINE JEWELRY Sole Agent in Omaha for Gorham Man- ulacturing Co's | Sterling Silverware| | MANTLE CLOCKS, RICH CUT GLASS and CHINA. Our Stock of Fine Goods is the Largest and Our Prices the Lowest. Come and see us, Cor. Douglas & 15th St MANHOOD RESTOHED. ‘Which Save o e e 2026 'A'ounve Biliousness, Sick Hong o, Constipat SMalaria, Liver Complaints. “iak the. mato ™ SMITH'S BILE" BEAN (e the BUALL SIZIE (40 little boans to tho bot- couveniont: Bult all agos. Priceot oither sise, 35 conts Per bottter Mt Klssl"cnt7 17, 70: mnmmvn 216146 of this i oAl LS this o for Makers of *Bile nun-.- fi Louls, Mo. i(oq'g? URE INTHE WORLD WiLL ETAIN A BuETURE urmu-wn.lmm" br Plorcels 1 red thousand —BUY THR BE WHOLESALE AND RETAIL, auch as Weak Mom: ary, Lose of Brain Power, Headacho, Waukefalue Mauhood, Nervous- - > = = Hi e = {xa] = 2= == m w 1 pgore & Olographed power of the Generat eansed by over-exertion, youthful Tndisc The sxcesaive uso of tobaten oplum, or stimulngie, which nitimately lead to Infirmity, Consumption and Insanity, Putup in convenient form to carry in the vest pocket. Price 81 a package, or 6 for $5 Seut by mail add Circular free. Mem TS ou want th i BT M-unnle Minadle aumnn. hnml l!n E. 1a Of youthful decay, wasting weaknca lost manhoo tion thin Addres wilrots e addt e DRI 1 Dearborn Bt., Chicago, " Uermainiogts rticula for home curs, wlnu nldmn( LORURTR AR o e should be read by 1 mthunm\l Ad Prof. ¥, (‘ I'DWI-I(I'I. Movdul.cuull- . New York Clty. o r. 5 & Douglas Streets J. A, Fuller & Co., Cor. 141h & Douglus Stroets, & e & G ol Sl v KEEP WV BY USING AROUND YOUR WINDOWS AND DOORS A WEATHER STRIP n Times its Cost in the Fue Old Clothes Wringers Repairedl A Now Rubber Put on ina F Keep YourBodigsWarm —-BY WEARING— Artics and Mackintoshes or Rubber Coats, ST GOODS OMAHA RUBBER COMPANY, ARM it Will Save. ew Minutes for Only $1 Each, Al— 1008 FARNAM STREET, OMAHA, DRUNK [ OVUrt HABIT, ' * 3 ALL THE WOKLD THEKE IS BUT ONE CURE | DR. HAINES' GOLDEN SPECIFIC, ' f Cuuning bl 7 Trad UCE & 00, and feHARDsS!