Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-12-12

--r------i3 $40, I'D G2
Leaving deficit, which must be
suppiied rs soon as the next scs-
iig to Gt1.7u %
Another item viii be added to the pub
liz debt, by the creation of the five. DER
cent. stock, in payment OF the shares held
by the government, in the capital of the
Bank OF the United States. Aud il may
be proper to bring into view the Nississ-
ippi stock, created upon the settlement Of
what are usually called " the Yazoo
Claims, amounting on the 30ih of Aug
ust, 1916, to the sumof S4,2ii,725 So
twill le observed, however, that the FIVE
per cent stock is, in effect, an exchange
for another capital, producing probably
higher rate OF interest and that the
mississippi stock bears no interest, and il
only eventually reimbursable ont of the
proceeds of the sales of public lands.
For the payment Of the interest both Of
the oldanJ new debt, and for the REIN
bursement of the instament ofth prnci-
pal ct the old debt, due on the LIST of De-
toher next, provision has been made by
the Treasury. Remittances have, also,
been made TO the bankers of the United
States in LONDON and Amsterdam, Tor
flie payment ofthe interest on the Loui-
siana stock, payable al those places, res
peciN ely, on the LIST of july, 1916, andthe
Isl o. January. 1917. And. so far as de-
penis upon t',is department., funds have
been supplied TO meet all the demands
npon The government OF the L. States, ON
the various general accounts, which are
open there
For the interest OH the Louisiana
stock:
For foreign intercourse, including the
diplomatic fund;
ihemaintcnance ofprisoners of war;
and
orthe support of American seamen in
foreign countries.
4. ~ tie miscellaneous business of tie De
partmeHt
he several important objects confided
TO the department, independent of it's
merely fiscal duties, have received atten-
non. Without entering into minute emu
meration ofthem, the following are pro-
per 10 be selected for notice:
l. The S,Trey of the Coast. The necessary in
Strnments having been procured, MIR. Haas
Ierhas been employed as the superintendent
OF the work, upon the principles and terms
stated IN his letter ofinstructions, dated the
Sd Of August 1916
z. me Road from CnmberlaHd to tie Ohio. The
the President from Cumberland to Union
town, thence TO Brownsville, thence through
Washington and Alexandria to Wheeling. Co
Toner Eue Williams has been employed 10 sur
NeN and locate the road from townsville TO
Wheeling, as well as TO examine the deyiati-
ons which have been made BY Mr. Shriver
from the route originally proposed bv the
commissioners: Several plans have also been
suggested for dividing the road into sections
and for expediting the work. But, the diff
cuites which have arisen, REQUIRE imme-
oiate care and attention and may he fra
ecu III the correspondence between the de-
partment, and Col. Williams and Mr.. Shri-
2. TIE Custom House. Establishment. The 9Th
section of the Act of the goth OF Anril Isle
has appropriated S2j0,9OO for custom-IIouse
estaD'ishments, upona suggestion by this de-
partmentto the committee of WAYS & Means.
with view to the accommodation OF the five
principal commercial cif;es-to wit: Boston.
n. York, Philadelphia, Baltimore * Charles,
ton: The only establishment previously own
cd ny the government was The custom-house
at New Orleans. From the correSpondence
with the respective collectors, and repor,s
winch have been made to the President, L
Will appear,
That the purchase of a custom house at oosto,
,1 ma cost $4,000 90
atNew-lork, atdPrice not exceed
ting ing s., 900 90
Mt Philadelphia at price, for the
site and the buildings to be erect
ed, which will probably amount
to 5000 90
10000 90
with the trustees for building am
exchange at Baltimore who offer
to erect and convey to the rov
eminent a suitable establishment.
being par; of the exchange, for 10000 90
ana tnat site ana building may be
purchased at Charleston, for the
sum OF 10000 90
10000 90
10 25O,GOO 90
leaving dehcIt OF $4,000 90
Upon, this statement, it is proposed to
suspend the purchase at Baltimore, until
an additional appropriation canbe obtain
ed; but 10 complete the purchase of the
establishments in New York, Philadelphia
and Charleston, upOHan enlarged scale
more adequate TO the growing commerce
OF those cities.
4. Ihe Legislative calls far iaforp,ation.-
several resolutions were passed cIu-
ring the last session Of Congress. re-
curing information at the next SEES
sion upon various subjects and ar
Tangements have been made to ena-
bic the. Department TO report. The
resolutions and correspondence on