The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1870-12-08
he Necessities Of the two comhstants,

have advanced the price Of money. and
made it doubtful whether the four aud
four and a-bslf per cent. lan contcm.
plated BY our Government would be
taken up. The Secretary. therefore
sud very wisely. 70 think. recon.
nieods the authorization Of nm issue
of three hundred millions additieua
bonds. bearing Eve per cent. interest
AZ long rs The rate 10 kept at or be
low Eve per cent. it will be q relief "a
the country. and as sscb We wel,omc
the supgestion Of Mr.. Boutwell, and
commend il TO the consideration O.
Congress. He also recon mends tbs,
the loan act be 50 modified ss 70 allow
The interest to be paid quarterly in
stead OF fsemi-annually. Should thes.
recommendations moet with the M.
proval ofCongrcss, he asks imu,edi diat,
faction.
Every ono whose means or husi
meas makes him the handler Of large
amounts OF money, and particularly
ns,ional bank bills, will second the
suggestion Of the Secretary in asking
for an appropriation and authority t.
make On issue Of pew bills, upon auch
paper and in such form as may be de-
.ignaicd by the Secretary OF tn
Treasury The frequent complaint.
"f the worn-"ut condition of thcs.
bills, and the fact that no new hank.
are 10 no created. w"uli seem to max
this recommendation one of piac;lrs
importance.
Among the mit'srS aliu.l'd 10 inc
Ienially. aud to which the sitcnri
OF Consres. is called. is the bill D =
pared by the department and -uJm,-
ted a. the last sr,si.n i,et, th.
minis and coinage sys en- aud the re
v'val of American romnrrrc, concer,
ing which the S."ietary remark
that. while he cannot sp'cify the
means by which the revival 10 to h,.
accomplished, hs will not u,lerst,re
the Importance ~ such lsgisa,i ~.
lie also recommends that the pccn O.
nept appropriations for the ca lsc'i.n
II tht customs be lncr ase t. 80 co. =
600. AMI slsp such ALLEGATION 10 the
sw as will provide for one prny.p,i
appraiser at each Port wher. there
are n"w two Of eqaal power O,he
and important reccomnl 'niations arr
made, among them "nr f"r approprii
fions tor steam revenue cutters. for q
marine hospital, aui for equalization
aud increase Of the saleries Of tho off
GERS ofbis department.
Ia conclusion Mr.. Boutwell, express.
rs the opinion that the se,tleJ a .nn
cia policy Of the country should con-
template rc, rnne sufficient to me.'
the ordinary expenses Of the g 'vern
ment, to pay the intereSt on lh' d.bi.
and to ex,inguish from twsa'y-6ve to
fifty millioos ot :he principal annually.
lilo further says that while the insu.
'ial prospect il highly favorable, it il
not such a. will warrant any very ma
fsrial chances in the revenue system a.
the Ircsenr session. but shnnli the re-
suit dhrin,: the Coming year r-aliz. hi.
esprctstions, il will be p"s-ibls at ID .
second session Of the F"r'y--ec"u !
Congress to make many inportau' Re-
ductiouS in the revsnu's without i'm
pairing the ability Of tho Government
to make satisfactory paymests Of the
pubic debt.
This report Of Mr Bmtw"ll. wi'h
i's gl'" ing exh hit Of the mcne,e
property al the nitin sn;l the sa,iS-
factory financial condition Of the
o"nn"y. ref ct. credit alike uppn him
self, tho Ad ninist,a,im. and th. II =
pnblican party. S nee th- treasury
has mren rescued from tho Denoc-
rnry, "nr cnr" nv has appreciated in
the valne nearly eighteen per cent, q ii
public debt reduce ! S,9l.l54 1886
with n cons 'qurnt rdu"rion in the in-
t"res' account of more thao $40. .OuO.-
OnO 'nnn.lly. Thrse achievements
have never heen "1u,ll.i, and coo.'i
tnte, with our mrrai trinmphs and
m,rt'afvictTie-, by VII ch we rrunif
ed the country aud maic it II pcri-o,
republic III. .grt,i r.cnri Of tn. Re.
publican party. it, performances in
the past ara the prelude 10 its great
work i, rh- fniur- r. Press.