davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05
THE TREASURY.
REPORT OF SECRETARY BOUTWELL,.
TREASURY DEPARTMENT, Dec. t. 1871

SIR: The country has been prosperous during
tho year now ciosng and the public and public finances
have shared IN the general prosperity During the fiscal
year ending juno So 1871 the reduction Of the public
debt was & tho total decrease in the public
debt from March 1862 to Dec 1871, t2 lssa 10
and during the period the annual interest charge
has been reduced tle7N,4Ss o. The revenues for tho
year 1871. and the receipts since the LIST Of July Inst
chow that the time has arrived when considerap'e
further reduction In taxes can be maoe anu
yet leave the Government in position 70 ps!
900 annually Of tho principal OF tho ooo'' iucuu
ing the amount pledged to the Sinking FUND In my an
nual report 70 for 1870 expressed the opnon
that the settled policy Of the country snouid oon'em
plato revenue sufficient to meet the ordinary
tho Government pay the interest on the pubic dco ana
from as 900 to &s0oooooo Of the principal annually.
To that opinion adhere and have even stronger con-
vction that the payment annually upon the prlho'pa'
Of the public debt should not Do less thah *o"ooo
Largo A the revenues Of the country have been
during the last three years. our system OF
taxation has not been oppressive to individuals.
nor has It in any sensible. degree embarrassed
tho busness Of the country and while relief from taxa
mSH cds in s ren elevated position not only a.
an to other Nations but for its practical value
a. s1s mSpp IN
an should require snch loans to he made The
upon negotiations for the GALE Of bonds bearing e. and
per cont nterest is derived entirely from the exhlb
oanain the public faS and the sSty on
the part OF the Government to answer that expectation
by large and frequent payments uDon tho public debt
REVENUE FROM CUSTOMS.
The from Customs for the year 1871 greatly
In Of the estimates amounting to 400 o.
against toa ssss74 for the preceding year. The cost
Of collecting this 6062 81 for 1871 being
sIloo per cent, while the cost for the year 1870
D. 2337 IS, 201c0 per cent The appropriations for
the COLLECTIONS Of the Customs with the additions de-
rived from nnes penalties and forfeurss exceeded the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05

Total :io II ssT ass oss Of april.
c.S 70 he payment Of t principal Of the debt " a.
.sankinx iunA g the sum Of ssss n 3I all ~
n tSs rscspts tho prehup on god which may Be sod
nor u tse nnscSsssd q c%Sensy In tie snssss.
es mako IN rsfs,sn1s ss 70 th @p 1s
:sst ~. e as that q. .Sny Of nation
x. peSsape, o. Re psSi,c dset ban not V impaired
srd scoOndiy IN yhe change OF the revenue
.c ~: be done 70 TIE business interests Of the
co"sty WSs doDot undertake TO state precisely tne
osssS :hfeh have contributed TO tho public prosperC
tSsts l. % resson for QUESTIONING the 1 9s
~ - that TIE lest i've years have Deen tno
49, TrcSssoss IN IL hseZ Of - e1rn1ymyesnini
2ssS.r ~xole n cor a1Rts, and without psrsiie'
~ ~ ~GSirye a any otAse 0oveeaAsnt
ABDUCTION OF TAXATION.
r.. psss.sss 70 1sa:. Va :: avenue from ,,, y.
.s..~. ~ - kauess TAess sources should fasnish
49,. s~~o . a ssvsp.i q sssst esisoaooap. makfDs
sr4,1;ssa e nsss .ee 'vsee'esa Ihe revenue from
.r.xb ~ ~ ,s.. snss Is1ss.s - ~ ~" sSssd:.sss
ss ~ =
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05
THE CURRENCY.
REPORT or CONTROLLER HULBURD.
OrFICK OF TIN OONrRoM.gR or THB CURRENCY.

OsFCK oP TIN CONTR0MgR or TIN CURRENCY.
WASHIHaT0~, Nov, 10. fSVi. )
bIR: In compliance with tho provisions OF
sectAon 81 OF tho National Currency Act, I bave tho
honor 70 prevent throagh you 10 tho Osaresa Of tho
United States ths following report for tho yeaf ending
Sept. 30. lTi:
snce my last annual report, 1856 National Banks have
boen Organized making the total number to Oct 1885,
OF this number 10 hanke-to w.t. Tho Csntssl National
Hghtstown n u Tho National SECURITY Bank Of Phila-
deIpbta. Penn; the Keeseve Nstionai Bank. II the
GScssl Hsons g SAM ., aUuns ye,pcc s r. &C.
Merchann National Bank Of Newsrk n j. the National
National Bank Of Kutst0wn Penn tho IAttleton NAsoi
Bank, with an aggresate capital Of
notes for that purpose By existing National Banks aud
dig not increase the aggregate OF bank circulation.
One hundred and forty five banks have been Organised
during tho year under tho act approved July IL. 1870
providing for tho Issue Of OF additional nA0n
bank circulation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05

aattons whether By determined and practical ert
xe gen regee no pestaOa Witch ~ Scoaped prsvous
6e0rCtary OF the Treasury.
RsBfoAcntAtiyoA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05

The First Controller receives salary OF 5000 year.
whose duties are hardly less important receive only
Tho Solicitor s Of the Treasury y upSn sals5y
whose duties are ess %pOrtsnt rrGeivss rsiary Of
brancn Of the Treasury they are selected from fourth
GLASS clerks, whose salaries are hxed by law at Ns
nsas om aS hs Secretary q the treasury n
bis Discretion hsa increased the salaries In hs own office
that the head Of division charge the loans Of ths
or OF s sup hs souns Sna the world
are more concerned than in that Of the collection OF Gus
tG%s eoSeS year. While it is with doa that
former is able TO the moderate C sum 81 so S
ury Of the United States in tn,s connection sr also
Surgeon OF the Marius Hospitals.
THE SOLICITOR THE TREASURY. &c.
think it my duty W speak Of the provisions Of the act
creating the department Of Justice. by which the Soc
tor Of the Treasury and the Solicitor Of the Internal
Revenue Office arc made officers Of that Department
The proper and essena duty Of the Solicitors to give
dvios the Secretary and Bureau 0mcers upon Qnes
ons which arse in the daily nusns:. Of the
nomnaIly responsible, while In fact he ought 70 6e
exempt a responsibility for advice given BY these
may have been previously cons,dered by them he may DO
free 70 revise 0s through the
Departure Mt and b. responsible to its head fun6a'
other Depsrtment ehowd tho Attorney General trans
far these Officers tO tho Department Of Justcs - appears
10 have been contemplated By the sct this Department
would he deprivel substantially OF tiier sefyices
earnesty recommend restoration OF these officers "
their former positions in the Treasury.
EXAMINATION TREASURY CLERKS.
Tia Examination Of personA designatod for clerical
service and for promotion In the Treasury Department.
has been continued with beneficial results, and the OK
animation IL oven moro exscng In tt requirements
than At tho date Of my last annual report and
will be taken 70 extend the system With such moditca.
tons a the difference Of duties may suggest but with
eomsl eascenuy II possible, the principal Custom.
Hcses and 10 other branches Of the public service
der the control Of this Department.
THE NEW LOAN AND THE LONDON SYNDICATE
On tho assh Of February last public notice given
that on the 9Th Of the following March books would bs
opened In this country and In Europe for subscriptions
10 the national losn usdsr BOT approved July IL 1870
and tho conditions on which the subscriptions would b
received vere also made known. Al tho National
Ranks and large number Of banksrs both In this coun-
trv and IN Europs. were authorized 70 reosivs
subscriptions Tho arst proferencs VA given 70
subsestbeu 70 ths uve psr oeot boais Within
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05

oussos, under exsin6 lavs end from AYd. and .nis.
ss SGSs so9 sns
The srpcaees Of the 0oternmsnt. ees Including the
%' e {: s .sSsa 100000 for payment. on
sSsp Sinking Nc %"' here %sns
sscooaoo within which reductions be made In the
H." the
70 *: q In 81 c.s GS
Of the duties salt 70 tho exten OF 90 per the
Sy on n ss 's as 70 % S Ss% nss.
skns and the removal q all duis. from large ca:. o.
are not produced in he United states and revenue
rsS% vsa S ssS ses S p.p
ration, Apd viii DO submited to O0ngress The removal
.s. % s .s ss * & H. : u S:s ss
loPpOrtsny for moderate decoase Of The rates Of
Ssnce & lssaton cSnid 30 more Sssssroa 70 shs pub
ousiy disturb the Interests Of the county
70 M Ss sas and e
rates OF duties with benefit to every oAss OF people,
DH0RRAsE IN fHx GOLD PRsMIUM.
The average premium gold for the year 1868 was
Ss4 cents for the year 1869 s3 per cent pro-
MUM for the yoar 1870 1t l4ss per cont premium
and for the first II months Of the year 1871 2ol
per cent Tho value Of the paper currency Of the ooun
try during the years 1889 and 1870 was sppateaty sppre
ciaed by the nss Of paper money In the South
ei ss Sss Of sss
fully accumulated on Jan !. is7i. and since that
due wholly to the increased demand for in the business
affairs Of the country The difference between the value
Of paper money the present and Its value
the LIST Of December 1870 be attributed e the latter
cause, furnishes the best which the country
has yet had for ascertanins the quantity Of paper cur
renoy which can be used, and it, value kept at
par With gold. The result Of this test con.
ours with what seems TO me to be the best
opinion upon the subjectthat tho amount Of paper
maintained In value ct par with COIN There are two
modes Of relief One s to reduce the volume Of currency
as recommended by me In my annual report submitted
to Congress In December the other mode s TO await
the growth Of the country and the increasing demands
Of business which, in time, will produce the desired re
suit The chief OF securing the end sought without
reduction In the volume Of the currency would be tbe
OF paper money the Pacific coast. With this OBJ
feet in view steps have been taken already this Do
partment for the purpose Of ascertainne whether 1t u
practicable to substitute paper for coin. and have
reason to anticipate that change may be made In the
laws relating TO National Banks tendng to that result
which will not aec unfsvOraby the general character
Of the system.
PRRQUIsrrRs OF cUsToN-HoCsB OFFICERS.
l,.Axv
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-12-05

EXPORT of our prOcts The importation Of articles
ts upon orstgn srtoe. Used ia the Of iron
stesnnships. or the allowance Of drawback equal
istn s8s Condition Of things secure the
OF tho business but were 1t otherwise the removal Of
Sasson. Of great by an
indirect process likely IN the end to prove
line: of European steamers wess established by the aid
Of Governnsnt subsidies. They are still encour.
able to expect that our merchants and ship
builders can successfully compete with this formda-
Of their own Government After careful confederation
Of the whole subject prepared 70 advise the passage
Of 0o, IN AT the folesH trade ss s.
steamshps Of not le:s than 400 ans burden each
stey less 10 vessels Of lower classification. making
this endati6u, LIDO not that there
other prSccsbo method Of restoring commerce. but
I present It q the method Si.v Which appears to
es. Connected with this plan Il will be wise to con.
slider whether the ships may not DC 90 "a TO
S s.s q the s sSs 81 them
poymsnt Of their spprased value similar suygeson
8 ; ;s;S. !:
STEAMERS buit wood may 8. continued .aecsssiay il
hs s.sns , the S' c - &. ss:n
any effort 70 res... GU" iorrs. position upon the
Y their ss .:s policy
viii be ensetusl. and that 10 compare
yojy abort period our meChAnioA anu eretsans viii
auire equal siill with those Of England aud that ne
ShaI NOT only have tho aid Of the beet machpery
s else where but that important improvements viii Be
msds calculated 70 pisee the country In po:iton Of
ticaiiy ths quality OF American iron. which
Tor the purpos building represented g bette.
Claimed that Aneriean iron u about 10 peg cent better
than u iron used In England advantage viii b
secured not only tn the diminshed cot q the veses
sSps Of equal Dimensions ovse tAoes constructed WI
intsri"r mssss..lA Aoesstans -: truth s.ese
s,Sros OF ~ world y % b ecs5sd @ u i.os
Uutd U&stss shaM disaoo.e fro0 Va ilst Of mA.ltpl
Smyrna times., 1871-02-08

eary now to be done is to SECURE IT'S LOCATION
HERE, and to act promptly in the matter just
now' without moment delay. The subscrip-
tlons asked for by the committee are received
upon the condition only that the Academy be
located In or near Smyrna, otherwise the sub
scrlption can be withdrawn.
1t Is unnecessary, we presume, to enlarge
at length upon the advantages accrulng to the
town by the presence of such an institution in
our midst. TO say nothing of the moral profit
OF 1t, and to place it upon the merit of ma
terial interests alone, it would be a sufficient
inducement, it would seem, to every merchant,
mechanic and professional man, to subscribe
| literally enough to secure for Smyrna its loca-
tion beyond peradventure To those who have
sons to educate, a means is now offered Of incal,
culabe good. They may be educated AT HOME,
under the immediate p',r0,tal eye, up to an age
In which it may be deemed prudent to send
them to college and other places in which the
higher and more solid branches are taught
The means are hereby afforded of preparing
boys for college life, who would otherwise be
obliged to seek other schools aud academies
from home at double and almost thribbe the
expense.
We have no hesitation in saying, that in the
enterprise offered us by the location of the
Academy here, We have the opportunity of
doing for our town what will enhance every
material interest to greater degree than any
movement presented during the last twenty
years. We MUST secure the location of the
Academy in Smyrna.
AS stated above, there must be no delay in
the matter, and it is with this view that the
public meeting of the citizens is called for this
"wednesday evening at the Town Hall. The
committee hold a meeting this afternoon at
the church, and this public meeting is design
ed to express to the committee our earnestness
in the enterprise
Smyrna times., 1871-02-08
MARYLAND ITEMS.

Lemuel Shovel, esq, of Berlin, WorceS
ter county, Is named as a candidate for Gov
ernor by the Worcester Shield
Grace Greenwood, Mrs. Lippincott) lee,
tured in Elkron last week, and the papers
there say it was worth all the other lectures
put together delivered there this winter. She
ought to lecture in Smyrna.
A negro preacher of the Methodist Church
at Newtown was immersed according to the
Baptist ritual Sunday week, in the presence OF
an Immense crowd, white and cOlOred and j.
to organize Baptist church among his peO-
pie. The Messenger, published at Snow Hill
has the indecency to ridicule the event and the
preacher.
There is tombstone in ore of the burial
grounds at Cambridge, erected a hundred
years ago, by, grateful children, to "a good
step-mother.
tumOr weighing over twelve pounds was
recently successfully removed from the sid.
and breast of Mrs. Sarah Ann Perkins, of
Caroline county, by Dr. C. D. Green, of Phil
adelphia. The tumor was of twenty years
growth.
Cranberry Culture.-Mr. Tilghman Hub
bard has purchased Maple Marsh, at FEEDER
alSburg, Caroline county, with view to plant
ing 1t down in cranberries. II success attends
Mr.. Hubbard s enterprise, the Denton Cuion
expects TO see all the available marsh land
along the rivers of that county converted into
vast cranberry bogs.
agriculture Labor Societies. es.-The farmers
in many of the counties of Maryland are form.
ing agricultural labor societies OF one about
to be formed in Worcester county, the New
town Gazette remarks: The object of the So
clety is to promote the general interest of ag-
rlculture, and to secure permanent and reia-
BILE labOring hands Farmers are afraid to
plant and sow broad breadths of land for want
of reliable labor at harvest and gathering time :
and many productive acre goes unoultivated
in consequences. We hope that some scheme
may be devised to secure Il full corp of agri-
cultural operatives.
Rev j. G. Gregg, who sometimes oficiates
in the Octarora NJ +. Church, Cecil CO., gave
notice to some roughs in his congregation a
few Sundays ago that, if they did not desist
from their mal practices he would give them
severe drubbing, and do it religiously,
too"
Smyrna times., 1871-02-08

ing of partridges, phCasants, robins and rab-
bits, between the 18th of January and the 18th
of Novem DER, passed the House yesterday, and
will most assuredly pass the Senate also
The Temperance Question is becoming the
leading topic of conversation amongst the
members and outsiders. Following upon the
heels of the defeat of the Liquor Dealers
Union bill, cunningly known as the bill in re-
ation to Criminal Prosecutions, comes petit
tions by the thousands in favor Of Local
Option Bill, " which means to leave the ques
tion of License" or No License" TO a
vote of the respective Towns and Hundreds in
the State. The iecoil of the effort to choke
down public sentiment by low brothels, and
violatOrs Of law, is likely to be of a salutary
character, which will not be sooR forgotten by
them.
Up to the present time 50 applications fol
divorce have been presented but il is GER
tainly credtable to the Legislature to say that
out of that number only six bills have passed
both Houses, four are still pending, while the
remainder have been rejected.
The FIRST Ward Job of Wilmington, after
having been kept floating back and forth
between the two Houses for some two week.
past with varied results has at last been passeC
though under whip and spur, and the election
is to be held on Wednesday, the 18th instant
when it is expected that the new ward thus
created will send two Democratic members
into the City Council, and thereby give the
Democrats control of the City, at least until tht
next election in September.
The Senatorial supper will be given at t.,
residence Of the new Z. S. Senator elect OF
Thursday evening, and will be conducted OF
temperance principles.
An effort is being made to have l. gsla
tive tal; but many Of the members are con
scientiOus}y opposed to balls consequently tn,
movement does not make rapid headway, bn
we predict it will yet succeed II
Smyrna times., 1871-02-08
UnanswerabIe Arguments.

Established facts are silent arguments Wirh ne her pen nor
tongue can shake, aud it is upon established lar, ha Tho -,
pntati"n Of fHostetrrs Stomach Birrs as
elixir, and wholesome and powerful remedy Is based Wb.n
witnesses forward in crowds citer-
ate the statements in relation b-u effects OF
medicine upon Them elves disbelief in lis literally
impossible The Credentials Of this ueaa tuc aud a'.
ative extending period Of nearly ysAr- Include
individuals Of every class residents every cline and
refer 10 the most prevalent the complaint when
and harasS the hnnan family. Eth-ra multitude Of rrn,
strangers TO each other have annually an
insane and mnvecss desire public Ilce,
ters BiterS. for less than fifth century have been
aiordng such relief sufferers indigesto fever
ague biousnes general debility ami disorders
other preparation has impaired. To-day while the
eyes ii" the reader these lines % thDusands yar
Of both relying upU the GIttPrS
fence against the amrnt, which ; present engendcs
and their confidence misplaced. The puions winch
interested dealers sometimes endcavo oist apo"
it, stead everywhere meeting III" fraud
and npoure while th demand for the vegetable pec
fc Is constantly increasing.
Smyrna times., 1871-02-08

THE News FROM EURoPE.-Now that the
war is virtually over there is nothing Of special
importance to report and will not be, perhaps,
un;il the armistice has expired. A good deal
is said relative to the suffering condition of
Paris. 1t did not heed Count Bismarck S
warning, that too long delay in submitting to
its inevitable fate would leave the inhabitants
without means of subsistence and the poorer
classes now suffer for the necessaries of life.
The German army has rendered part of its
supplies to the Parisans, but the fear Of
famine is not yet happily dissipated. Sup
plies are doubtless on the way from various
parts of France and from abroad, but owing to
the lack of transportation long delay cannot
but ensue, during which time the horrors Of
the siege mus: continue.
There is also a good deal said about the fu-
ture Of FFance-whether it is to be republic
or an empire, and who is to rule it. The
wiseacres inform US all about it, and do it dai
ly, and the entertainment is always fresh The
last is that the Orleans family will certainly be
reinstated. But later than this is the revea
ti0n that the Bourbons pure are in the ascend
ant. Many, however. believe that at last Bo
naparte has concluded satisfactory terms witt
Bismarck and will r. enter the Tuileries with
ou: plebsc.t-. L.I though little doubtful
10 details, we might infer from all this tina
France would hereafter be either an empire o
kingdom, but for the still later intelligence
that Favre is to be Consul under a republic
springing from Bordeaux. Meantime Gam
BETA and Favre are exerting all of their ingc
nuity against one another.
Smyrna times., 1871-02-08

THE BoYs' AcADEMY-It will be remem.
bered that the Wilmington Conference con-
venes at Dover early in March, when the
committee appointed by the recent Peninsula
Convention are to make their final report as to
the most suitable place for establishing a
Pirst-class Boys Academy" upon the report
of which committee, it is expected, the Con-
florence will Immediately act, ard authorize
the erection of the Institution The Academy
is to be built by the friends of the church all
over the Peninsula, and as a matter of course
che location of it will depend, in great meas
ure, upon the inducements offered by tn,
several communities desiring it. 1t is claimed
Dy Smyrna, that in view of its central position
its railroad connections, the exceedingly egi
BILE location of six acres of land, offered as ,
gift by Mr.. Jas. w. Spruance, we have thu
far done well. Other places Of course will b,
wide awake to their interests, and will sub
scribe literally to secure the location. We arr
informed upon undoubted authority that th,
Academy will certainly be built, if not here
somewhere oa the Peninsula. What is neces
Smyrna times., 1871-02-08

The KENsINGTON BANK ROBBED D-About
seven clock last Friday evening, three men,
disguised in police uniforms, went to the Ken.
singtOn Bank, at the corner, of Beach and
Laurel streets, called out the watchman and
told him that the bank was to be robbed that
night, and they had been detailed to enter the
bank so as to capture the robbers The watch
man admitted them, and was then overpowcr-
ed, gagged, and handcutfed. The robbers
went to work, and did not leave the premises
till o clock Saturday morning. The cashier
had been notified Of the intended robbery, by
confederate representing himself as police
man, and gave the watchman directions to ad-
init the officers There were two watchmen in
the bank, but the robbers sent one out to get
something to drink. During his absence
the other watchman was overpowered, and on
the second returning, he was served in the
same manner. The other confederates were
subsequently, admitted and while the gang at
tackled the safe, one man stood with his pis-
tolls pointed at the heads Of the watshmen,
though they were gagged aud tied. The bur
glars were foiled in their attempt to open the
main vault and only succeeded in opening a
safe containing special deposits belonging to
customers of the bank. The amount taken is
reported at about two hundred thousand dol
lars.
Smyrna times., 1871-02-08

SAFETY IN INSURANCE. recent exnos-
ures of two life insurance companies, forced
to wind up their affairs by the prompt action
Of the State Superintendent OF Insurance Of
New York, have unquestonably aroused a
salutary excitement in the community res
pectlng the condition of the many life insur-
ance companies doing business among ms and
intrusted with such vast amounts of mono,
These that have fallen were small and vonHg
companies; they fell in the struggle to 3btain
a foOthod in the race with older and wcaItb;er
organizations; and it is not so much their fa;l.
ure as the desperate performances that I4I to
it, that challenges attention