New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-12-06

the establishments necessarily connected with their opera
far beyond the amount contributed by the which has
been met by large annual appropriations by Congress
The act of July 49, 1873 by which the system was created
and the rate Of contribution liked at 20 per month con
fined the action ofthe Government to the simple expenditure
oI the benefit of tie soamen of the contrib
uted by themselves and contemplated laying no bden Oh
the Public Treasury. II is deemed advisable 70 oone
any system Of relief under control Of the Government u u
respectfully suggested that the original intent OF the "a"
should be carried into effect, aud the fund made
ing With this view 1t will be saIy to increase the Iunu
and to make u material reduction IN the expenses
Experience has shown and former Secretaries rave AZ Va
nous and with entire unanimty, represented 70 1on
gIe that the system Of pubic marine hospitals hainal'
and managed by the Government is the least economies
Cd has beer devised Tor the administration o '
fund and affords the least comparative beneht TO ,he
Tie of these establishments large Independently
Of the number Of seamen received IN them. Nn.n t pa
not souabe but where they few as at most O. te
public Institutions the expense per capita Is NcI! -
of the cost OF maintaining them undr coh'aot AZ
vate State municipal Institutions where they "oua DC
better accommodated at expense exactly iOpouohoo 70
Mention may be made in illustration Of Of these public
hospitals which is maintained ct on annual expense OF up
ward of 5000 and which accommodates an average OIL es'
than single patient at daily cost per oana OF more ua
Sl4 50 while quite satisfactory rehei can Dc had under
contract for about 81 per day.
great cost lying idle out oirepar and not available oi
their intended Some Of these have never been occupied
and at least Situated at point remote from any port
and where relief demanded Others, now occupied
in condition requiring large and Immediate outlay to
In view of these facts strongly recommended That
thoTty be conferred by law upon this Department to sell such
hospitals experience has shown not needed retaining
only those situated important ports where by the course
Of demands for Teef likely to be most fire.
and pressing, and where contracts favorable terms
cannot he procured with private municipal institutions
The proceeds should either be returned into the Treasury IN
,gp2y Oh Their cost or invested i0' the OoheH 0' Tue "0'
In Of the contract system may be remarked that
Is in operation most successfully az Eev.yort where de-
mands for relief far the heaviest, Baltimore, Phade
phiu, st. Louis Louisville aud Cincinnati and Il 10 believed
thei quite as advantageous and satc:ory arrangements
midi
located Even at ports where II be deemed best to
reta the ownership of toe hospital buildings might be adj
visible TO lease them 20 private municipal hospitals when
would gladly receive the favorable terms Such an
arrangement formerly IN force at Charleston, = c. much
to tie advantage Of the patients and the fund.
Should these suggestions be adopted aud, at the same time
the rate OF contribution fixed at 30 cents month"; instead Of
90 proent the proceeds Of tie tau thoroughly collected
and economically admin stored would b. ample 20 meet every
demand which judicious discrimination m aordus relir
would make upon them and the seamen would receive iT
substantial and efficient benefit hon under the present
system
prices and zinc, 1888; tina: quite dspro
fne hospital system and that parsons OF this cs are as
general thing, otherwise free FROM Federal legislation In
By the report Of tie Controller of the Currency appears
that Col banks had beeD the Dist Of October last organ
lied under the National Banking Act OF these J9 were
original oranzaton and 90 conversions from state ins1iia
tions. .
The Controller recommends several erIondment. to the
acts, which will clIesi the attention OF Congress.
redeem their Of the thee cities named heartily
ndoned At some future day i may be advisable that re-
dempons shall he authorized Of Weston and Southern cities;
bat as long - exchange continues 70 DC IN eNot Of the %
boa it is e1pcdcni to permit banks TO redeem Of IN
either Boston New Philadelphia, there being reFu-
lar demand for exchange On thete ce where the current
OF trace requires the baps TO Keep accounts ior tho
accommodation and that Of their customers and tie public
there should teir redenPons lie made Notes iha arc par
in either Of these cities IN very Tarc be q discount III
any part the United States and VII be nearly o: uni
oT value is, peh4ps. ever to be expected H. paf cur
Tie Secretary ID hopeful tia, tie time not Ear d,ian
when redeinptions VIII be something moe ueh hofiA'
Experience ana obseiyailon have taught nm va, i'qee
redemptos essential 10 the sov.ncy Of banks Of cicpa
iion. Nothing well teaches bank the necessity Of keeping
its loans ia the hands prompt customers, and It's means
under its own control the certainty q being frequently
called upon it, obligations Il Is qae important
that inexperienced tanScs under the naonsi n4hkmg y
TEN, should Learn that their notes ale not money To'e
to pay ard the and the more effectively s lesson
pressed upon Them the better VIII be Tor thei STOCK
The national banking system was designed not only to
form value: ard tis is no, likely to be fully accomplished
until the banks BY eopui'on or theT own voluntary g.
seep their notes 1t par IA the principal money aAcs o. tie
country.
be great compentaiona d the Wtone OF me great achieve
meut Of this remarkable perod Ia about two years ana
hall from the organization OF the hr national bank TIE whole
banking under State laws las been supeeded end
the people Of the United states htve been furnished wan
bearing upon 1t the seal 81 me aresfsiy
ircula nsha be Iedeemabls circulation no.
q tLe banks, but at the
make the national banking system Of almost inconceaoe
benefit to the country.
600 aud It j. not probable when the business o
the country 10 healthy basls, that lager phpr @
culttion than tins wil De required. Ihue. ~
whether larger eifculaion can be nhhalhu on tPeJe
basis Should increase however be necessary u can De
provided for hereafter il Is, perhaps unioTuuat tla
greater restriction had not been pleced uIoh t.e 10
the large banks already organized In view o ne wants o e
Southern States 1t quite likely, loweve iiat The nnci
paied Withdrawal Of portion OF the United Sties hoe' ~,
10 speak Of the feet oil tie restoration Of iee payments
will 20 tho circulation Of the horen bans a. 10 a.
ford 10 the South under the present limitation OF Tie NV" al
tie pauer currency which Wal lie requitd ~ ha quarter
The act Of March g. 1863 authorized ,he se rtufy 20 Dor
row any sums exceeding 46DOWool ana to issue u
io bonds or Treasury Of the United States in such form
tndrr dis ect there wa. Issued during tie month Of March
O OO COO OF note. payable three yeHIs sitter date ind pear
ing an interest payable senianDuBy in currency NJ we e
OF and threetentl per cent pr enut ana
at maturity the pleasure o. the bodea ialo hVeNehy
,b coDoIe Of Richmond and the surrondcr Of The
Confederate armies became sppre, that there woud De
an early bandB Of the forces o. the United states sra
consequently heavy regulations from TIE var Depsitnen'
for and payment OF tho army including boom
ties AZ was important that these regulations should 90
promptly met, and especially important ult hot Solu't
pay him. the Secretary perceived The necessity o. -
speediy possible the amount WoO-s
notes had proved b. popular loan aud ait,o1sh
security on longer time and Tower interest wood haye
been more advantageous TO the Government the Stcfe'y
advisable under the ciIcumsanct 20 continue
TO offer these 20 the public and 20 avail himself o. s
Cooke esq m the sale Of them. The result was II the high
est degree aasfacoy by the admirable k nnd energy u
the agent and the hceTy cooperation OF Tie htoba baEs
these note. were dsiLuted IN every part Of e NoiiIern
and some parts OF the Southern otsies end pacd "htn e
reach Of oyery person desiring to invest in them No oah
ever offered In the United States notwithstanding the large
amount OF Government securities previously skcn BY the PEG.
ME was no prompy subscribed for tL Before the LIT OF
tugnt tbe entire amount Of $3.50 600 Lad been sken and
the Secretary Lad the unexpected aiscon OF beng able
with the receipts from cvsiOa and internal revenue Li
small Increase tho temporary loan, to meet all requsons
upon the Treasury. -, ~.
ON two hundred and thirty millions Of these notes The Gov
rent bn the oon OF raying the interest III the rate OF
civ nr cent in coin nstead Of seven and three en ~ cur
rency The Secretary thought 1t advisable 70 IeS'e tis
becsoe he uped the hope that before thoir inatuf
ity pece payments oud be restored and because six per