The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1871-12-14

circulation be authorized to take what
remains only brief period will elapse
before a demand will be made from
States with limited circulation for an in
crease. It seems prudent, therefore, to|
retain the balance of the fifty-four mil
/ lions for distribution in those States now
having a claim to it, on the basis of
equality of apportionment. The details
OF the subscription to the loan show that
the National Banks have upon the whole,
acted literally, more than q hundred
millions of dollars have been subscribed
for them on their own account. 1t is not
unreasonable to tender to these institu
tions, the opportunity to subscibe for
bonds under the act OF January IA, 1870,
to an amount equal to the deposits re-
qaired of them, as security for circula-
ton, and to cancel that after ninety days
to the extent the offer may be declined.
4 Other banking associations may be form
ed IN the several States where the exls-
ting banks shall have failed to make the
required subscription, and the circula
ton transferred from such banks TO the
new associations The banks now organ
lied cannot justly complain, if, having
an opportunity to pursue the business up
on the new bonds, and declining it, other
associations shall succeed in their fran
chises and rights.
The business Of the Bureau of Engrav>
ing and Printing has been carried on
with diligence during the year with sat
isfactory results Although some efforts
have been made at counterfeiting, the
peculiar paper has rendered their efforts
unsuccessful, and specimens captured are
so crude as not to excite serious appre
hensions as to ultimate success. Since
the 1st of July, 1862 seventy millions of
paper have, been manufactured, all of
which have been unaccounted for on the
books of the Department. respectfully
= recommend that an appropriation be
made for a new Issue OF National Bank
notes These now In use are much
worn, and very successful counterfeits OF
: several denominations have appeared.
Thepublic building used as Custom
House and Post Office at Chicago, was
destroyed by the great fire on the 9Th of
> October last. The exterior walls re-
main, and the building could be repaired
but, anticipating the growth of Chicago,
and the magnitude of it's public business,
advise the erection of a building sulta-
e bic to the wants of a first class city. It is
3 important that larger park of land
should be obtained either by addition to
the present lot or by the purchase of
another site. On the 18th of October
last wrote letter to Governor Palmer
asking him to recommend to the Legisla-
ture the passage of an act granting au
thority to the courts of the State of Hi
nois to condemn such land as might be re-
quired in case the Government should be
unable to obtain it by purchase at "a reson-
able price, payment to be made upon ap-
: prisal. In every case the site for "a build
ing erected by Government for public
: uses should be large enough to separate it
from all other structures, thus furnishing
sufficient light for the prosecution of bus
mess, and adequte security also against
fire and depredations of lawless persons.
, 1t is hardly necessary to say that in the
existing condition of affairs in Chicago,
it is important that an appropriation,
available during the present fiscal year,
/ should be made without necessary delay.
7 Since NY last annual report the Super
t vising Architect has completed the Gus
: tom House, Court House and Post Office
at Portland Me-, the Court House and
!, Post Office at Desmoins, Iowa; the Court
: House and Post Office at Madison, Wis
, the Appraisers Stores at Philadelphia,
. and Assay Office at Boise City, Idaho. II
: is now expected that the Custom House
3 and Post Office at St. Paul, Mimi, the
/, Marine Hospital at Chicago, H.. the
S Court House and Post Office at
: Astoria Oregon the Custom
: House at Machias Me. ); the
t Branch Mint at San Francisco, California,
a and the Custom House at Cairo, Illinois,
will be finished and ready for use by the
lst of July next. At that time there
will remain in an unfinished conditisn the
| Court House at Columbia, South Carolina
7 and the Custom House at New Orleans
> the Custom House and Post Office at
t Knoxville, Tennessee the Custom House
and Post Office at Portland Oregon the
f Court House and Post Office at the. Indie
/ pendent Treasury at Boston, and the Gus
I Nebraska. The prosecution OF these
lance, in connection with the public
, buildings to be- erected at Chicago, and
+ the erection of marine hospitals at Pitts
burgh, San Francirco and New York,
will, in my opinion, suficiency occupy
: the Supervising Architect OF the Treasury
, and the force at his command. cannot,
, therefore, advise appropriations for other
public buildings until some of those in
| process of construction shall have been
completed. The points at which the erec-
; ton or repairs of public buildings Is most
needed are Hartford, indianapolis, Gin
cinnati, and st. Louis ..aa.F.
: Under an act passed at the last session
: OF Congress, appropriating two hundred
! thousand dollars for the purpose of more