The Louisiana cotton-boll. [volume] (Vermilionville [i.e. Lafayette], Attakapas, La.) 1872-1883, 1873-11-26

making the grand total of pensioners Of all
classes 28s, All classified as follows: Army in
valids, 99.9O4; army widows and dependent
relatives, 1120S8; survivors of the war of 1872
5O53; navy ipvalids 1,43O navy widows and
dependent relatives, 1,770 Besides increase
to the annual amount Of the pension caused by
the addition Of new pensioners the rates of
pension have been increased in 81 ,761 cases.
The total increase Of tho rate Of former pen-
Bioaers amounted to 1868, 925 The amount Of
.he pension roll is also otherwise increased, in
Guiding 1907 49O by admission of 5,429 aurvi-
vors and widows Of the war Of 1912, and the
net increase in the annual amount after do
ducting f58, 800 decrease in pensions to army
widows and dependent relatives was $447, ,37l,
making the total amount Of pensions June 30,
1873 1926, 25a 2Si the total disburBementa
we're, however, some 82926, 600 greater than
this amount, the difference being for HnIal'iea
and commissions paid to agents, fees to exam
lining surgeons, etc, OF the appropriation for
the last fiscal YOar, an unexpended balance Of
$1,9O0,000 was covered into the treasury.
The report Of Commsoner Drummond. Of the
general land Office, contains a complete record
Of all the decisions, rulings and circular i'll
structions Of tho bureau promulgated during
the year, especially the various decisions and
instructions issued under the mineral land act
and school land, timber and coal land laws.
Treasurer Spinner, in his thirteenth annu-
nj report, says the falling off in receipts for
the past year from customs amounts to $685.,
$50 764, and from internal revenue 816, 912 869,
while the expenditures are largely in excess of
hose Of the previous year. The falling off of
receipts and the increase of expenditures have
put check upon the rate per annum at which
The public debt Was paid off in proceeding years,
Treasurer Spinner says that butvery few II any
believe the volume of circulating medium aH
fixed by law stands al an amount that IA ex
actly right It must be Obvious to all who
have al interest in aud who have watched the
course Of business and tho financial returns Of
the country, that there are times when the
real wants of the country demand that there
should be an increase Of currency, and that
there are other times when the safety Of all
legitimate business requires that it shall be
largely decreased. What il really needed is
currency so flexible as to at all times accomo-
date itself to the business wants Of the whole
country. After arguing the question, the
treasurer says that for existing notorious evils
remedy should be found and interposed,
which remedy, he thinks, is to issue legal ten
ders convertible into bonds at a low rate Of
interest, 65-tOO being the rate most likely to
satisfy all conditions to be met. He thinks it
more han probable that this scheme will not
require an increase in the bulk Of legal tenders
above the present legally authorized $4O0,-
600, 900, and that the minimum amount OF
1856, 600, 900 will ordinarily be sufficient for
the easy transaction of the legitimate business
Of the country. The project of postoffice
savings banks about which the treasurer says
he has been consulted by the postmaster gen
eral, is highly commended by the former as
one that would not only he of great benefit to
individual depoHitors but TO the whole country.