, 1873-03-18


add ,2o0 miles to tho already enormous extont
froadu In Its control that trayorso not only the
statee, but tho continent In oyory direction, from
tho Atlantic to tho Pacific. Tho Pennsylvania
Company now. controls tho Union Pacific, tito
Of the Milwaukee Il st. Paul, will probably oon-
troll tho Northern paoiAc. Theso aro iii tho
transcontnontal roads that will bc built In tho
United Htatos for at loast q generation to como
will undoubtedly control tho trade OF Asia and
tho Pacific Islands with tho United S.atos In
This Wow OF tho cAao scarcely any limit can bo
set to tho poWor this nnonater corporation Ia
ukc1y to nttain III a fow yearH.
TIE oAQaE- OF THE OVER ISSUE oF 0nEEsDAcKB.
Tho excuse for the iHsuo Of $1,000. 600 land
Posasa1bblyXo yo nt tie present writing $2o or
e95e, 900 Is TINT the current Payments Of tie
Treasury Department are go heavy that tho cur
rent receipts Of royenuo will not l'ny thom Tho
existence 81 40 unusual condition Of affairs OF
Hhows tho man cause to bo tho payment 81 the
extra Hniaries which Congress voted to its men,-
bers a. hoalipg salyo for tlloir feelings lnccr-
atod In tue Credit Mobilier developments. The
to- tosA tts Of salaries made payable at eneo
Bin was $l,906,oou. This is the largest eeaa itena
which tho Ircasury has been called upon to pay
since the adjournment Of Congress-. but boforoo
Coz Congress adjourned, It also passed great NUM-
ber Of private relief aud indemnity bills. They
we're short, aud it did not tako long to got them
before the Trousury Department.. The conso-
queneo Was that thoy can,o rushing in, some TO,
~ high % 800 900, otherB for $4,000 and lesar
Anu at the close or business on Saturday night,
March =. tho currency balance had gone down
to %, 300. Sunday and Monday brought il
tWo Days receipts to ono days expenditure, and
t1o Treasury eosed on Mondsy, the 10th, with
Besides the extra salarioH for which tho tlrst
raid WAS made on the Treasury Immediately after
tno G aalournment Of Congress, tho Southern
Mn BIZ spprGeRIistes about s9o 9oo and tho
yate relief BILLS appropriate about eG ooo,
The largost item ii tio Deficiency biil Is for
Board sof Public Works In Washington Olty
6oI ahg1t J. s9o0, 900. During the mouth about
and some 5000, 900 moro viii be paid dv. SHORTY.
Taking all these things into account tho infer
enco has boen made that the receipts could not
possibly cover the expenditures. and that tho
s44,ooo.00o lcgaltonder resolve, tho latter a.
ternatiye being tho one adopted By tho Secretary
Treasury WAS Tor tho salo Of 8bo6o 900 Of : eola' 3D.
This will have drawn aay es, ,5o0, 900 Of ourronov
into tho Treasury by the close Of tho month. md
without, tho extra. salary bill this would
hayo hayo been enough extra currency to
month without. tho present exhibition
of the deficiency in Its currency balance, Tho
Southern claims amounting to $70O. 600 as woll.
o. tho whole % oooo 600 in tho private relot and
qry, and o. tho amount is due to many hundred |
Individuals who ara Obliged to 70 through 4 |
good deal Of formalty before thoy can get their
respective olaims before the Treasury, tho great
bulk OF the aggregate amount would not DO paid !
Tor several waeka Tho extra salaries, therefore.
of which largo part have been paid, aro mainly
responsible for tho present oyerissue Of tN?j-
legal tenders. W.
Aside, however, from theso considerations Ia
the broad fact that, with constantly increasing
revenue. tho Treasury has within the laat ak
uonsns uono what VAS naver found nece5-
ss1nry before IL the last seven yeare
tha increase Of irredoomablo paper money any
e1cuse will ansver now for doing tho same thing
again, and to greater extent. It ia not at All
aI dan tna ~ befoTe tha time noxt
Eeney, Ee6y, and, once out, it will be hard to get it
TIE cENsus OF 1870 ON MANUFACTURERS.
FROM the advance Rhoota OF the census report
q on the manufacturing Industries Of tho United
Eststeg, the Washington correspondent Of tho
New York journal Of Commerce has compiled an
elaoorate summary Of tho most important ones.
a[ldt ana irom which We select tho following. The
aft{ns tue tod production
ior tlo year 1869, this being in fact Ito latest
gate included in the largest part OF the stststica
70 y; tle census for 1870. The following are some
order ~ g'nae oasses Of manufactnreH IN their
t&ni,on
eee1e f62s 3o3 1885, cotton, Woratod, and woolon.
80, ~ Touring and gr1st-nilis, 3444 1856.
14o leather @ and its products, s345, ,499,7 ,790;
nmbor, S262 $3.50, ,o29; sugar and n,olassea'
IL 9s o5a liquors. Distilled malt and yiuous
-: The total manufacturel products 3 81 '' th'o
Initials statss TOR to last reach tie
he items we pick out some that among :
lieate unorrdingly the. general dlirusion in n
ssr oc6 TIE annual production Of prinnr
o.; and book-bndng stands at l4 900, ,oo6' Iil
his takos no account Of tho great imnostations {
1 stationery and booko. Agricultural ;m,'3n
aenta mako . good showing Of $50 0CC 775 ann-
rasting markedly with ship-bnilding material ia t
nd ropairs, which foot up oily ST., ,9io, ,3oS. ~
owelry, the domestic production is e9S' 10. n9a
not ie2s Of thg national per
'ho patont medicine traffic, Which some non,1n c
I'D thought to be- on tho decline, stil asserts ts
over over human credulity by the round ne-
rca $16,0 100000. A6 q
LOCAL sTooK AND noHD MAnKEr. q
Moasrs. Lunt Preston l. Koan quote rs fol- i