Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1874-12-18
REPORT OF THE SECRETARY nr
THE TkEASITRY OH

IuI oidacrs have taken up ali firm ~ !,
anu Lold option for the rest unt,l E..hr.,
ady Isl. The sinking fund ia over y.S ssn ;.
wv behind. The Secretary not onlv 80.
slrong ground in favOrO Of specie nav".n,' NM
out sets forth definite plau for ra.ci,;'a
the same: He recommends the re,,s..I
the Legal Tender Act At fixed dnv 4, a.
10 contacts thereafter made and erca,, as
10 oillc'al salaries and ordinary exueni;
lures OF government under existinr :,
preparations, the Secretary recom,n,nfs
!hat authority he given tor the imme,i;o..
issue OF convertible bonds bear;nv J lo,,
rate OF interest. He asks thai a e,sv NV !"
nxed for the resumption of specie nav
hlen's, not more lemOte than thre. v.ars
al the end OF that time the Secretary :"
be authorized 10 raise gold bv sriI;ro
Oonds 10 such amounts as NAV hecnm,.
necessary from time to time 10 keen IN.
treasury in q condition to redeem green.
backs as presented. 1t is Recommended
that fractional currency he replaced hy
silver, and to accomplish this the Secre
tary desires to set all the mints At wnrk
coming silver, and that as rapidly as +,
Is poduced the fractional currency be re-
called and destroyed, begin,ng with the
Smallest denOMi atiOns. The Secre,arv
also asks that the coinage of gold be frt:..
III the United States, a. it Is IN I.nnd,r
IN order to prevent the expectation ~
bullion for Coinage. In regard to nrin,
ing OF all varieties of government notes
bonds and stamps, the Sec,a urv ~
commcnds that the whole be done ex>
c;usively ut the Treasury Department -
he government has all the necessary ma.
chinery. obtained 1T great cost. and all m.
needed faculties II can peform the work
al the same or less Cost than prlva.c firms
when the transportation py express is con
sIdercd. Aside from these minor cunsid.
eia'lons. the Secretary regards the cues,
lon OF safety as one which should control
Al the end OF the present contracts. or rs
soon as they Can be legally terminated.
tie recommends that all work Of this mn
ture be performed in the printing division
OF the treasury. The Secretary rec IN
mcnds free banks as part Of the plan for
the resumption of specie payments. BAT
this branch of the subject is not cIabor,
atcd. COIcCrhing The interna! revenue
the Secretary recommends thai the lax te
taken OIL ba K checks, matches, Cosmetic,
and drugs, AMI 10 meet tins loss an ad>
ui'iOhai lax Of ten cents per gallon be i'm.
posed On whisky. This will raise the
revenue little greater than is now recelv
I'd from he articles enumerated. The
practical workings of putting tea and
coffee Oh the free list have been fully ex
amncd by the Treasury Department
Carefully prepared tables Of prices in
II: HI uba th PrcsS e ns
off Of he tax, shOwst la, while the country
lost from $G,OOO,OOO 10 $l2 ,OOO from
the decrease of revenue on account Of the
removal ut the TAX. 1t simply added u the
price III foreign markets AMI has not Oene
fitted the consumers here in the least He
recommends The restoration of this tax
The atleL llOn of Congress is called to the
great danger Of the revenue attending al
attempts 10 modify the penaltles which
have heIetUfOre existed ani which the
treasury has sought 10 enforce. The Sec
r.. .ary Is no believer in the system uf moi-
eties and does not desire its rcs Grafton IL
any shape, but he expresses serious doubts
whether any benefit has followed certain
Of penalties for the violation
Ut custom regulations.
The Secre airy does not regard the Treas
ury department as proper place tor the
OF cotton cases They are
for the most part Of q complicated chars
acter and require the taking Of much evi>
dence and Judicial investigation. He
therefore recommends that all cotton
cases tie Withdrawn at once from tie juria-
dlclion Of the Treasury anu turned over
to The courts.
Upon The question of the tariff the Sec
rctary, without entering upon much dis
cusslon, says: AT pres. il is only neces>
sary to treat il purely as . question OF
revenue, and not one either of projection
or free trade IN the interest of business.
tie does not think any changes should be
hastily made, aud if Congress desired 10
rev Sc the present rates lie recommends
that Commission lie appointed 10 rake
the whole subject into Consideration. with
Instructions To report 10 the next Congress
Great economy is Commended in the
expenditures for pull l c busI.i 'gs. The
5 crctary recommends that Congress g"
over the appropriations aud estimates tor
these works with great care, with view
Ut reducing some and wholly suspending
others. lie expl esses the belief that th'
ne, ds OF the government do not require
such elabOra,e and costly structures as
bave Ot late been erected. but that palmer
and al the same time substantial buildings
Will answer every purpose and save many
VI uOIl0TSs tuJ0AO SnSiV -
needless extrava yance Ia furuI. hing pub
lie buildings, and that much gre ier econ
Dmy should be practced IN all directions.
In this matter he has transmitted the esli
mates which have already been carefully
rcviae'. but he earnestly requests Congress
to unite with him in scanning them more
closely, with u vie* to their further ~
dncti N. The fIrcs of the department
has been reorganlzed and dimin. .shet ex-
actly in accordance with the laws and up
piOprlatiOns of the last session, but the
thinks the lowest limit of econ>
Dmy consistent with prompt and efficient
performance of public business has not
been reached. AS to all plans for increas
], the public indebte dness by aiding pr'>
vate enterprise of any kind, the Secretary
iOes not believe the present condition 81
The government jus.ifies extending aid in
any form.
1T IS stated that the Chinese GOvern>
ment Is about to begin the work Ut devel>
,ping the mineral resources Oi that vast
mpi-e. Hitherto the big ted superstition
d the Cle,tia's hos prevented this con-
for they have believed the
bowels of the earth to be general pan ]
demonium. and that any disturbance in
II 40 1<.i