The Osceola times., 1876-05-06


tionaries, a measure which will, doubtless,
meet with opposition. Spain's total debt is
estimated at nearly ,oOo,oOO,OOO.
MIsCELLANEOUs.
The postoffico appropriation has been
agreed upon. The amount, thirty-three mil.
lion dollars; about three million five hun
dred thousand dollars less than last year.
The New Yerk World says: In view
Of the fact that the state Of New York will
exercise a powerful, II not controlling in
huence in the election Of the next president,
the democratic party is more and more crys-
talzing about the name Of Gov. Tilden.
The house committee on territories has
agreed to report favorably on the senate bill
for the admission of New Mexico. The only
important amendment provides that an cleo
ton for the adoption of a 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
a 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
a large reduction will be made in the clerical
force of the United States treasury depart
ment, 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 be necessary to
obtain 81, SOC, 600 through the medium of nd.
mission fees, as that is the amount of the
deficit the total expenses having been esti.
mated at ss,5OO,OO0, with the following re.
sources:
State of Pennsylvania . ............ 81 ,OO0, 900
City Of Philadelphis..,..... ........... 10000
Concessions, gifts and interest ..... 100000
| Stock subscriptons....-.. 2,500,000
Appropriation by the United States 100000
Total. ..."..-...$7 ,0O6, 900
A Washington dispatch states that
steps are being taken by the sttorney-general
to take possession for the government of the
| Hot Springs reservation, Arkansas. Judge
Pierrepont 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 it is Ger.
tain that troops will be brought into requi.
sltion to enforce the decision of the court.
Mr.. I. S. Hunt, of Boston, has COM
piled some statistics concerning the mineral
wealth of the country which are really in.
teresting. He divides the country by 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 1873 he finds to be about fifty mil.
lions of tons. In 1872, iron reached its high.
est figures of production, the total being tive
million eight hundred and eighty thousand
|
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.seven
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, s72 ,42s,2O5 in 1874, and in
1875, $50, ,ss9,O37.
Adviccs from Washington indicate
that there is temporary run on all of the
sub-Treasuries from which silver is being
paid out. Hence there is a growing scarcity
of fractional currency and slight premium
attached TO the latter. The government
commenced paying on Wednesday with
$i6,O0O,0O0 Of coin pieces in the vaults and
capacity of running of 5000, 900 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 $40, ,OOO, ,OOO--
possibly when all is coined $2i ,00O, ,OOO--and
payments during the rush have been about
81 100000 day, and it is estimated that the
rush will be kept up 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 s42, 600. 600 out
standing, of which sio,000,O00 or $12, ,000, COO
are lost or destroyed, and si0,Ooo,0Oo per-
haps will be floating around for 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.