The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1873-11-14

making the grand total of pensioners of all
classes 238, All classified as follows: Army in
valids, 99,804; army widows and dependent
relatives, 112, ,O88: survivors of the war of 1912
! 5,O53; navy invalids, ,43O; navy widows and
dependent relatives, Ito. Besides increase
! to the annual amount of the pension caused by
the addition of new pensioners the rates of
pension have been increased in q, ,761 cases
The total increase of the rate of former pen
sioaers amounted to 1858, ,925. The amount of
the pension roll is also otherwise increased, III
Guiding 1907, ,43O by admission of 5,428 survi-
vors and widows of the war of 1912, and the
net increase in the annual amount after de-
Quoting $5S, 800 decrease in pensions to army
widows and dependent relatives was S447, 81,
making the total amount of pensions June 80,
1873, $26, ,259 284; the total disbursements
were, however, some 81, ,926, 900 greater than
this amount, the difference being for salaries
and commissions paid to agents, fees to exam
lining surgeons, etc, of the appropriation for
the last fiscal yoar, unexpended balance of
100000 was covered into the treasury.
The report Of Commissioner Drummond, of the
general land Office, contains complete record
Of all the decisions, rulings and circular in
structions of the 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-
al report, says.the falling off in receipts for
the past year from customs amounts to S28-
$50, 764, and from internal revenue 516, ,912 1863.
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 but very few if any
believe the volume of circulating medium as
fixed by law, stands at an amount that is ex-
actly right. 1t must be obvious to all who
have an interest in aud who have watched the
course of business and the 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 is 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
a 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, 65-1OO being the rate most likely to
satisfy all conditions to be met. He thinks it
more than probable that this scheme viii not
require an increase in the bulk of legal tenders
above the present legally authorized $780,
100000, and that the minimum amount of
1856, 900, 900 will ordinarily be sufficient for
the easy transaction of the legitimate business
of the country. The project of pOstofice
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 be of great benefit to
individual depOsitOrs but TO the whole country.