Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1873-11-22

making the grand total Of pensioners of all
classes 23S All classified as follows: Army m-
yalids, 99,8O4 amy widows and dependent
relatives, 1l2088; survivors of the war of 1912.
$685. navy nyalids, ,43O; navy widows and
dependent relatives Ito. Besides increase
to the animal amount Of the pension caused by
the addition Of new pensioners the rates of
| pension have been increased in 2l,76l cases.
The total increase of the rate of former pen
sioners amounted to 1858, 925. The amount Of
the pension roll il also otherwise increased, in
Guiding 1907, ,43O by admission Of 542S survi-
yors and widows of the war Of 1912, and the
net increase in the annual amount after de-
ducting S58, 800 decrease in pensions to army
widows and dependent relatives was s4i7, 81 .
making the total amount of pensions June 80,
1873, 52G, 2j9, 2Si; the total disbursements
were, however, some 92,92G 900 greater than
this amount, the difference being for salaries
and commissions paid to agents, fees to exam
ining surgeons, etc, Of the appropriation for
the last fiscal yoar, an unexpended balance of
81, 800, 900 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 $28.-
$50, ,764, and from internal revenue SIG 9l2, 1868,
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 a check upon the rate per annum at which
the public debt aspaid off in preCeedngyears.
Treasurer Spinner says that but very few if any
believe the volume OF circulating medium as
fixed by law, stands at an amount that IL ex-
actly right, 1t must be obvious to all who
have an interest in and 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
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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 low rate of
interest, 65-l0O 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 S40O.
10000, and that the minimum amount Of
1856, ,O00, 900 will ordinarily be sufficient for
the easy transaction Of the legitimate business
Of the country. The project of postoftice
savings banks, about which the treasurer says
he has been consulted by the postmaster gem
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