The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-12-15


lseastiiuts ! perpetual ford. uuhoei any
So appFopllaiion = ne sane otIesh
To mis- msy also b addsd $50 600 ass.
a a cover ne suesfsaes d past yeafsi
and .S250. geo IN eseeT 10 maintain ean-
loe,spl ,osadron IN the roast OF Airisa:
n al .hich. uhen dedse'ej, gill redure
IN, expspdi,ures nearly within the limits
I.f,hoss oflhe euntniyslr. While hov.
ever. he EXPENDITURES uill Inns Eenan
yrry assrly he same a Of the snleredeni
resr. Il Il proposed % add greatly 20 The
Iopsra.ians II he Marine, I'D IN len OF
only IS chips 10 eommissian. and bui u.
,le IN Ihe var Of balldlag. 10 keep. with
The sane expenditure. kary-one vessels
sfIasl. and 10 bs.n l~elss ships Of asmsll
class.
A shiri system 81 accounlabiliiy i 70.
lahllshed. aud great pains are taken % ~
ere industry. fiJel'ty and ecencmy. 10
every dsparimPal 81 daly. EsPesimrnis
have bern instituted 10 iss he quality Of
vuriaus materials. rsriieularlyeorT e., iron
and coal. so as 10 prevent fraud and I'm
position.
u wilIsppesr BY ihefspori Ofihe Post.
master Gsnerai. Thai the great point hirh
Tor several years. has bern % much de-
sMsd, has, Hilhin the current year. been
fnily accomplished. The expenditures
ef lhs Department Tor The current year.
have been brought silhiails income with
cot lesssLirg - sssefsl usefulness.
There has brea an increase Of ressnpe
equal to sI66. 900 Cor the year 1912 over
thai Of 1871. without. as il 10 believed,
any addition having hefn made 10 The
number II letters aud newspapers irsns-
mi'tsd through rhe mails. TIE Post
Office laws have been honestly admins
tered. and sdeluy has bsen nbserred IN
accounting for. and paying over BY The
suburdinsies 81 the Depsrim, nj, the mon
eys whirh haze bsen'ree,issd. For the
details Of the service, | rtEr YIN TO The
report. .ts. 5*
! faiirrmyse'f that the exhibition thus
made OF The condition of Ihe public adj
ministratiOn will serve To convince You
IhsI every proper sicslion has been
r.,d 10 the interest of the country BY those
" lIo have been called 10 the heads Of the
different Departments. The reduction
in The annual exper diiures of The Govern.
meht already accomplished. furnishes a
sure evidence that economy in the apiai-
ration Of The public moneys, is regarded
as paramount du'y. s#a
| Aire.ce with ali the wnTld-ihe per.
SON ltbery Of the citizen sarre6ly main
isiEfd. and hrs rights secersd under pcli
teal institutions deriving ell their su-
ihoriiy from the direct sanction Of the
peoplr-wilh soil lrrlIle almost beyond
examples. ard a country BLESSED with
every diversity III CLIMATE aud produe'
lion. what remains IN be done in order "a
advance the happiness and prosperity oI
such people! Under Ordinary circum.
s,atc- tbs inquiry could readily be sn
svsrcd. The best that probrbly could
he done for q people ihhsbitingf'ach 4
country. would be 10 forufy.-,heif peacs
sad security IN lie prosecution oil Their
va,iass pursuits. by guarding them against
INVASION from ilhou,, aud violence irum
within. The resi-, for The greater part,
might he left {, ihrir own energy and
enterprise. The chef embarrassment.
which It The mnmsnl exhlbi, themselves,
have arisen from oser,srtion; and the
mos, difficult is,kpwhich remainsFio. be
accomplished, is that ri correcting and
overcoming tie effects. Between the
yeas 1888 and 1883, additions were
made 10 bankcsriIal and bank ISSUES s,
in the firm Of no G. designed for circr-
lsIlnn. 10 an extent enormously grea'.
The qu' stions seemed /" be. not how the
b'a currency could be provided. bot in
that msnnrr The greatest smoun, Of hank
FaPer could be,pulIn circulation. Thus
a vast amount Of what was called money
} --sinre, Tor the tine, bring,-u snssered
the purposes Of mouey-was thrown Up.
M the country; IN over issue which was
a'if ndrd, as a necessary IONS eguencs. by
an sx'rsssgant increase Of the prices oil
all articles OF property, the spread Of =
! speculative mania all over the country,
md has finally ended in a general indsbt
'dness on the part oI States and ind,yi.
; dusis, the rros.ra'iou Of public and pri.
'a,e credit, cepreciauon in The msrks
; value Of real aud personal estate. and ha,
lett large disuiol. Of country almos, en.
1Hly without any circulating; medium
10 view Of thelIscl that. in 1870, the
ahUle bank note circulation within the
Uni'ed SIstesssmounlcd To but SCI, 1923
s9S. according 10 The Treasury state.
: men's. aud that an addition had breu
made therein of The enormous, sum q!
SsS .OOO.O0O IN srvea years, (,he circu.
lat'on on the frat January, 1887. bring
s'a'ed a. sl49. Is5 $50 sidsd Fby the
great facilities afforded IN obtaining loans
from European capitalists. Who were sriz
Ell "Iih the same speculative manit,which
prevailed in the Uui,ed S,s,es-snL the
large impnrtari"ns of fnuds from abroad.
; the resulLsof suck sales and loans-uo
one can be surprised AT The apnaren,. bu,