, 1872-12-03

when the country would suf from the presence Of
ernmen current in the channels Of trade Tokens
Of base coin, except for small denominations are less
convenient than paper andare subject to many other
serious objections.
mu111ArED CURRENCY.
The provision made BY the Treasury Department for
the red emPtion Of m@tilated paper money is much
think it practicable, through the Post Office De-
partment to mako an arrangement by which the whole
country shall be supplied with fresh issues Of frac-
tonal currency. Therefore, in renewing the recom-
mendations heretofore made for tho passage Of The
Mint bill, suggest such alterations Is VII prohibit
dol dollar ,,.xa, that o';b aha .na be as
actual cost. The Mexican dollar is used generally in
trade with China, and is now sold at premiu1n Of
IT. eeas oFeF M ax dne @ expense Of coming
coinage will at once furnish market for tie rev
material, and facilitate commerce between the United
It is e1aggeration to gay that necessity exists
for new issue Of National Bank notes. The reason
for such issue is given in my last annual report
TREASURY RELIEF.
take this occasion to call the attention Of Congress
to communication made by me to the House Of Rep
1885, 42d Congress, I'd session}, In which recommend
ed tho enactment law the relief Of the Treasuv
Gn oery a and
also for the correction Of certain discrepancies in the
public accounts, amounting to si0635 and that the
books Of the Department may be made to conform to
tha facts.
STAMP Ea1BEzzLEMESr.
An examination Of the Office Of the Assistant Treas-
urer, at New York, made III September and October
charge Of james J. johnson, Of s1,s5l72 ] The report
which johnson was able to embezzle the amount Of
money. The report further represents that Mr. Hill
besp h' A Ass'n any asgss oF be
feep1ng and selling stampa ~ was 7nisp IMPOSED ID
authority invested upon the Secretary o the Treasury
in the 9Th section Of the act Aug g. 1876 but by the
terms Of that act Tas not for tho Tzeasu
New York compensation for the labor and responsible
ity Of the stamp division although the commissions
lowed to private parties by the lelst sec
on of The act Of 1861 amoua. to more
passage Of law by which Mr. Hi1lhouse shall be re-
leyed from responsibility in the matter Of the defal
TREASURY BUILDING.
The report Of the Supervising Architect Of the
Treasury furnishes concise Of tho cost and
Department. Large suns Of money will be needed for
the buildings already begun or authorized and it is
spectfuy advised that, beyond the erection Of pavi
ion hospitns, and building for the accommodation
Of the Bureau Of Engraving and Printing, and the
storage Of the books and papers Of this Department.
no works be authorized at the present session Of
The business Of the Office Of the Supervising Archi-
tect Of the Treasury fully equal to the force employed
therein. The necessary appropriations large
as to justify Congress III refusing all applications dur
The destruction Of the buildings on the eastery side
Of the Post Office n the City Of Boston furnishes
opportunity that ought not to be lost for the pur
chase Of the remainder of the square.
An act approved June 18, 1879, authorized and d.
1ected the Secretary Of the Treasury to purchase lot
Of ground in Philadelphia for tho accommodation Of
erect building thereon, the cost Of whole not to
ceed the Of 81 900. Under this act and follow
ing the usagcs Of the Department. there appointed
A nf rtixnna Of PhfiaefDhta Win