Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1868-12-25
Department Reports.


Treasury. we CLEAN the folio wing interest.
ing statements:
Europe holds, in addition TO railroad
stocks and Individual ind. btednoss, no les
than $50 million OF America soeuritirs. o.
nearly all OF which interest Is being PAID
and for the greater part iatere,t in gold.
The gold aud silver product OF Csliiorn,a
since ists has exceeded 1890 million dol
lars. Within these twenty years. besides
our agricultural products and manufactures.
We have parted With lloo miiion dollars OF
the precious metal asd are. nevertheless,
confronted with a foreign debt OF some eiEh,
hundred and fifty millions. which is steadily
increasing. Our bonds have been raid for
in srliclesi for which NO nation can afford o
run in debt Tor articles which hSvp neither
stimulated industry ror increased the pro
ducthe power OF Ire country. which have IN
fact added ao,hins TO the national wealth
Two-ihirds of thu imports,icns Of tee Unit.
ed States cousis; OF srsi,les which. IN eco
nom'cal times, would he pronounced lux
rIi~s. Tbs war and a r~siusdart currency
have breught abost unexampled cx,ravs
ganec, which can only he satisfied by tho
most cosby products Of foreign countries.
Tbs Secretary saw, the iinsn ciai ditFcul, ".
under which tire country Is lahories. ma.
be traced dircctl, 10 tho issus, and contin
uance in circulation. OF irrcriessabIs ypy-,B,
ises OF iaTfhi EaoRey. The countrv viii ns,
he really and reliably prosperous nat.I then,
Is a Tcfurs 10 specie loaymsNs The question
OF a solvent, conver,ibl- currency. under.
hrs all other financial and economical qass
,ions. Ia Is. IN fact, 4 fundamental aucs
i'on anil until j, is settled. AID settled ia
accordance with the teachings OF experience.
all attempts al other financial and scoaon
zeal reforms viii either tail absolutely or b..
bat partially sucresslul A sound currency
Is the liie blood Of a commercial nation -
IL this ~ d~hasrd the whoiu current OF IL,
commercial hic mast be disor,icrod and
irregular. The starting PoiL, ~ rslorms
tory legislation must he here our si.ba,ed
eurTehc, must b. retired or raised to rho
par OF specie, or erase To be lawful nsons,
before Substantial progress ,ss be mad, With
other reforms.
Tbs sources OF rsvanus. the late sxou.
btant tax on distilled spirits. (intsnded IN
part ns an encouragement TO temperance
but proving to be The most denorAlizinc
tax ever inposed by Congre.s) he new
territory OF Alaska. our shipping interest
Nc, are also discussed ia this able aad
comprrhensive report.
he Internal Rownuc, rs r.rartsd h>
Commissioner Rollins. shows that The re.
or'P's duri"s The last iscal year .wurc SI9I.
Oo.Vup collected a. an expense o. > per
cent OF thi.. 80, GVi.OuO vas code .ted
on tobacco. and so 600 600 on stimulating
drinks. ~hiis railroads and telegraph and
insurance companies paid less ,h.n $40
ooO,oOO; The Comsnissionrr estimate, that
tie reycRUe next year will amount, TO sl45.
QOO. 600
The lIoa. D. II BEown,og. -. crctary of
the laicrjer. r~pori, that there are now OF
public lands the ha acis OF ,h- Govern
neni i40J Sue, G7- acres Cos. 7l2 l .
acres saV'ns been disposed OF daring the
past year There ~sre paid during ID.
last year S2S 6jS i9s ~ soldier, n.n...n.
and s352. SIS As navy pens ious. The PIci6c
Railroad u referred to- sud ia financial
condition estIma,sd N.arlr S44.S37 OBl
oi United States bonds have been issued 20
the various Pacific Railroad Compan.,s
The expenses OF III" United S,aiss Court,
are also gNsa: r. United States u.rshal>
has boon paid - so u42. and to commss
s'onefs attorneys. etc.. II. 7Sy.i77: The
Secretary suggests ia increase of fines. The
subjects OF oihcssl reiilciIevs ioI the We
President and Heads Of k.xrrutiv. pe,,,,
rnsn,s and 4 increase OF .alariss. are d..
cussel
Postmaster General 4 W Randall p.
por's lac reetIPis from hus Department a,
$40 292 800. md ibr expenditure, Al nes-
" sZ3 o. uOp. thus leaving d-hr.snrr Of
about 20 pr0.OIo VIII Ls. leea urssly
rtst by appropriation IIs estimate fL.
amount required for the service Of ID. 10
ra''mcni ier bic year endin. Jane. 1870.
80 90 p." OF this the INLAND mai trans
portauon Including the overland and 50
snail to California requires sl3 300 .UsO.
ALtsK, BEluEEN I~vEsIioArioN. 4
Washington 'rrelsi to tie Bo,ton Adv,r
t,,cr .ays TAT thc Alaska bribery comnir
see examined nui one witness FRIDAY /.