The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-12-03


yer is likely to continue 1t is impossible to issue
coin redcemabe In gold without ultimate loss to
considerable holders viii present the SILVER for re-
demption and leave It In the hands OF the govern
ment to be disposed OF subsequently at 2 loss. II
the policy should be adopted Of issuing silver coin
irredeemable but whose intrinsic value should
correspond to gold, the time must come when the
country would suffer from the presence OF de-
precated silver currency not redeemable by the
government nor current IN the channels OF
o. ps Ease conn sscept or
and are subject to many other serious objections.
The provision made by the Treasury Department
for the redemption OF mutilated paper money ID
much more ample than formerly, and think 1t
practicable through the Post ONCE Department to
shall be supplied with mesh issues or fractional
currency. Therefore, In renewing the recommen-
cations heretofore made for the passage Of the
hibt the coinage OF silver for circulation in this
country but that authority be given for the COIN
the Mexican dollar and to be furnished at its
actual cost. The Mexican dollar ia used generally
OF about eight per cent over the actual expense OF
coming. AS the production Of silver Is rapidly In
s te ana a.
merce between the United States and China.
THE NATIONAL BANK CURRENCY SHOULD BE RE-
CNt NEwED. & t.6
1t Is no exaggeration to say that necessity ex-
lists for a new issue Of national bank notes. The
ee this 70 te
ofCongress to communication made by me to the
House OF Representatives on the ed day Of March,
1872 (Ex Doc. 283, XLIId Cong, Second SESSION.
In which recommended the enactment OF law
for the relief oil the Treasurer from responsibility
FTeaercK Maren, formerly clerks II lis o S
and also for the correction Of certain discrepancies
in the public accounts amounting to S406, that
form to the facts.
Assistant treasurer at TN New York. made in Septe
Der and October last, disclosed defacatton IN the
stamp a " ~ charge q
the course OF proceeding by which Johnson was
able to cmbezzlc the amount OF money. The report
ant treasurer, cannot be charged properly with
any neglect OF duty, and in this opinion concur.
posed upon the several Assistant Treasurers
by virtue OF the authority invested in
section Of the act Of August g. iS4e But, by the
| terms OF that act, 1t was not competent
for the Treasury Department to allow the Assistant
Treasurer at New York compensation for the labor
and responsibility of the Stamp Division, although
| the commissions which would have been payable
161st section OF the act Of 1864, amount to more
| than five hundred thousand dollars The circum-
commencing the passage Of a law by which Mr..
Hillhouse shall be relieved from responsibility in
the matter OF the delalcatlon Of Johnson.
PUBLIC BUILDINGS.
The report OF the supervising Architect OF the
Treasury furnishes concise statement Of the cost
and condition OF the public buildings in charge OF
needed for the buildings already begun or au-
g. and ADVISE ~ that Gs
the Bureau OF Engraving and Printing and the
ment, and that no new works be authorized at
| the present session OF Congress-. The business OF
the office OF the supervising Architect OF the
Treasury Is fully equal to the force employed, and
justify Congress IN refusing all applications during
the present session. The destruction OF the bold
inQS on the eaStery side OF the Post Office in
Boston furnishes an opportunity that ought not to
lost for the purchase Of the r sr7s Of the
Treasury TO purchase lot Of ground in
new POST ONCE and United States Court,
and to erect building thereon. the cost Of the
this act, and following the usage Of the depart
ment I appointed commission Of citizens Of
Philadelphia, who were authorized to receive pro
posas for the sale to the government Of suitable
| lot OF land. The report OF the commission has
been submitted to thexdepartment from which 1t
situated on the corner Of Chestnut and Ninth
streets, can be purchased at cost OF 1925 333 1t
10 the s ~ 81 th os
| available would exceed 100000. Accepting the
conclusions Of the commission as final in reference
! to the cost Of a. suitable ssite, have declined
| 10 proceed further without additional authority
from Congress, it beng clear that IL is impossible
! specified In the act. similar circumstances have
prevented the purchase Of land for public build
increase
pers not In daily or frequent use is 80 great as to
seriously Interfere with the business Of the de-
partment. The annual accumulation requires 1888
cubic feet OF space for storage. All the available
rooms In the building, including some that might
be used for clerks desks, and portions OF the pub
lie halls, have been given up for the deposit OF such
books and papers, and the time has come when
other provision should be made.
], therefore, recommend the erection Of q brick
freproOf building upon the public grounds south
Of the Treasury. sufficient for storage and the
commodatlon OF the Bureau OF Engraving and
afford s essential for the proper transaction OF the
business at the Treasury department.
The operations OF the Coast Survey, as wen as
those OF the Lighthouse Board, appear to have
been economically and efficiently managed. The
revenue marine consists OF twenty-seven steam
and six sailing vessels, carrying sixty-ave guns
and manned by 1913 officers and $50 men. This SER
vice has constantly improved in efficiency and in
the economy OF its management since the Summer
oil 1859. AT that time commission was appointed
for the general and professional examination OF all
| the officers employed, and upon their report
| thirty nine were discharged and those who were
| approved were assigned to duty and given rank
! present all vacancies in the service have been
llled after an examination, and by those found to
At the same time commission was appointed
| for the entire revision OF the service Their re-
Doe % Say
| session. The vessels then employed were rated at
s2oS tons. REDUCTION mas ALREADY Deen erected
authorized will work o further reduction Of 1882
tons, making an aggregate reduction OF 1889 tons.
The cost OF maintaining the revenue marine has
been reduced from 81 661 in 1865 to $3.50 249 for
the year ending June 80, 1872. Statistical tables
prepared from the returns show that in the essen
tial particulars OF assistance rendered to vessels
seizures made, number Of vessels examined and
number Of lives saved upon the ocean and lakes,
the work performed during the last fiscal year Is
nearly twice as great as the average for the pre-
ceding years. Under existing laws the oflicers and
seamen OF the revenue marine are entitled to q
| pension only when they have been wounded or
disabled In the line OF duty and while cooperating
| with the navy during war, and then al the
| rate established by the act OF 1914. When 1t
| is considered that this service is constant, and
each year the vessels are required to cruise along
the coast, and as near the land as possible within
their respective districts, and not to make a port
except for supplies or under the pressure Of posi-
tive necessity 1t Is clear that their services are
not less hazardous than those in which the navy Is
| engaged in time OF peace. therefore recommend
that the navy pension laws be made applicable to
ha al nd ana marine