The home journal. (Winchester, Tenn.) 1858-188?, 1876-05-11
MISCELLANEOUS,

The postotlicc appropriation has been
agreed upon. The amount thirty. y.thrcc mil.
lion dollars; about three million five hun.
drcd thousand dollars less than last year.
The New York World says: In view
of the fact that the state of New York will
exercise Il powerful, il not Il controlling in.
fucnce in the election of the next president,
the democratic party is more and more crys.
talizlng about the name Of Gov Tilden.
The house committee on territories has
agreed to report favorabIy on the senate bill
for the admission Of New Mexico. The only
important amendment provides that an cleo
ton for the adoption Of state constitution
shall not be had earlier than June, 1877. The
senate provides not later than January, 1877.
1t is stated that the French minister
OF foreign affairs is considering the basis of
commercial treaty with the United States.
| 1t is proposed to place French silks and
wines on an advantageous footing as to tariff
in the United States, while France in return
is to subject American cotton to only small
import duty.
At the beginning of the next fiscal year
large reduction will be made in the clerical
force Of the United States treasury depart
mcnt, which will render necessary the dis.
charge of several hundred of the present
employees. The amount of this reduction
will depend upon the action which congress
finally takes on the appropriation bill now
pending in the house.
In order to cover the expenses of the
centennial exhibition, it will he necessary to
obtain $l,5OO,0OO through the medium Of adj
mission fees, as that is the amount Of the
deficit, the total expenses having been esi.
mated at SS,bO0,O0 with the following re-
sources:
State Of Pennsylvania. a..,.............$l,O ,OOO,OO
City Of Philadelphia. ............ l,5OOOOO
Concessions, gifts and interest ..... 100000
Stock subscriptions. nS............... g.. 2,5OOOOO
Appropriation by the United States 100000
IOtal.,.."...... .........S7,O 100000
A Washington dispatch states that
steps are being taken by the attorncy.general
to take possession for the government of the
Hot Springs reservation, Arkansas. Judge
Pierrep0nt will move for the appointment
Of receiver for these lands. 1t is under.
stood that threats have been made against
persons attempting to take possession for
the government, and in this event il is Ger.
tain that troops will be brought into rcqui-
slton to enforce the decision of the court.
Mr.. 7. 5. Hunt, Of Boston, has COM
piled some statistics concerning the mineral
wealth of the country which are really in. |
terestinC. He divides the country by II north |
and south line at the eastern base Of the |
Rocky mountains, upon the Atlantic side OF
which are coal iron, copper, lead, salt and
petroleum, and upon the Pacific side the
more precious minerals. The grand total Of
coal for 1878 he finds to be about fifty mil.
lions Of tons. In 1872, iron reached its high.
est figures Of production, the total being two
million eight hundred and eighty thousand
and seventy tons. In 1874 the Lake Supe.
rior mines alone turned out seventeen thou
sand three hundred and twenty-seven tons
Of copper. The product Of petroleum rose
from five hundred thousand barrels in 1859
to ten million eight hundred and sixty.scven
thousand nine hundred and thirty barrels in
1874. West of the Rocky mountains the
official figures show that California, Nevada,
Idaho, Montana, Utah, Colorado, Oregon,
Washington and New Mexico yielded Of the
precious metals, $72, ,2Oj in 1874, and in
1875, $sO,SS9037.
Advices from Washington indicate
that there is a temporary run on all Of the
from which silver is being
paid out Hence there is growing scarcity
of fractional currency and slight premium
attached to the latter. The government
commenced paying on Wednesday with
$l6,0OO,000 of coin pieces in the vaults and
a capacity of running of $3OOO,OOO month
all the time. In month or two, il neces
sary, that capacity could be almost doubled.
The amount OF silver coin and bullion in
the hands Of the government is $50 900
possibly when all is coined s2l ,OOO,O ,OOO-and
payments during the rush have been about
81 100000 day, and it is estimated that the
rush will he kept mp for three or four days
longer. 1t is said, however, that there is no
danger that there will be any scarcity Of
silver for the redemption of fractional cur.
rency, because there are only $4,000, 900 out.
standing, Of which slO,OOo,O0O or sl2, 100000
are lost or destroyed, and sl0OOO,OOO per-
lraps will be floating around Tor some time.
There is only the danger of boarding, which
is incident to any change in the system of
paper money back to coin system. u