Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-06-20

even when the work vas the greatest. Inc
committee believe thai the force employed
In some divisions MAJ for . number OF
yesrs twice or three timos N great - 70.
quired. Regarding tho policy which led
to overcrowding the bureau wi'h nesui.ss
employee, hnd In pursuance OF which tne
enormous precipitation for tho nscai year
Of two million dollars was spent In . ntuo
over seven months In tho printing OF tho
public securities. and seventeen hundred
people thus thrown out Of employment.
The committee say the causes which have
led to this unfortunate result are TOO
lavish appropriations. aud appointments
through political influence. Appropria-
lions have been secured by making ap-
p~ointments for Congressman without re-
gard to the fitness Of the appointees or tho
necessities OF the work. The bureau has
been made 70 subservo 10 . great extent the
purposs Of an almshouss Or asylum by
outside parties. Tho committee concur
In recommending that ct least one plate
for printing on all legal tender notes,
national bank notes and United States
bonds, DO executed by capable, expert
enced and responsible bank note com.
psuies, and that II II should DO thought
sdyisable 70 have Q greater NUMBER OF
printing done outside OF tho bureau. the
company DO permitted TO execute Them.
They do not consider that the same RUG
need necessarily apply to the printing y
Internal revenue stamps. but sdvise . SET
tlsd policy Of printing public securities.
The Bsnds Must Ne Paid In osia.
WARRINGTON. Juno i9.-Secretary sher-
man 10 preparing an Official letter. which
will DO ~publislDd soon, for the purpose OF
removing all doubts regarding his opinion
- to the payment o. tho four per cents In
gold. lie will mako ap exhaustive con.
sideration Of tho question. and concur In
tho opinion Of Assistant Secretary French
that the bonds are payable In gold only.
.wAsuxoroS. June i0.--After considers
ton by the Cabinet to-day Of tho recent
latter Of Francis o. French, Of New York.
iuouirtpg as to whether the four per cents
were payable In gold. . reply was sent by
Secrotsry sherman that under the law
now In force there 10 no coin Issued or
issusble In rhich tho principal OF the four
pcr cent. Lossds Is redeemabie or Interest
PAYABLE except In gold coin OF the United
States, Of the standard value fixed by laws
In force on tho ltth Of July. 1870. when
tho bonds were authorized. The Govern
ment exacts In exchange for these bonds
payment nj their face value In such gold
coin, aud Il Ia not 10 be Anticipated that
any future legislation Of Congress or any
action Of any department Ut tie Hovern-
ment would sanction or tolerate S5o re-
demption Of the principal Of these lbopds
or the payment Of interest thereon. In
ooin of less value than the coins author.
Ind by the law ut ths time OF tho Issue OF
The bonds. being the coil eJacted by the
Gosernment In exchange Tor tle same.
The essential clement OF good faiib in pre-
servisg equality In value between the
coinage Ia which the Government receive.
aud thai In which II pays these bonds Will
Do sacrodiy observed by tho Government
aud people OF tho United States. whatever
may DO the system Of coinage which the
general policy OF tho nation may at any
time adopt. This principle Is impressed
upon tho text Of the laws " July 18th.
1870, under which tho four per cent. bonds
are Issued. and requires. In the opinion Of
the Executive Department Of tho Govern
ment, redemption Of these bonds and pay.
ment Of their interest IN coin oil equal
Value with that which the Government
Fseei'ss on 'nr'' "'u''
Notes from washtuEaes.
W.suISoroy. Juno l2.-Tho United
a,.,.. .r,ni.,.r a stocLholn, informs the
STATE DEPARTMENT that an agricultural ex.
hibition will be held n ChrisuAna' NUT
way, from the ID 10 the eth Of October
no,t "A will la opeu 10 foreign As we'll
n domestic implomsnts and machines.
Nav contracts have been made with the
Richmond and Bodwoll granite compa-
nies for Stone for the north wing OF tho
building to DO used for the State, War and
Navy Departments. These eon'iscls.
DO . aaving. ior stone cutting =, .ne no'"
wing over HAT OF tho south OF s~o.o,oVv.
The Cabinet inss'ing 'o-aay was sno,.'
10 appointments Me'o 49, lar 4
MOST oi lhn s'ss,on ~ .NeaP.eu ".,~s
dlsens.ioh oi rue. 10. m1 si.n uhi.h
w w .i,i' "''' "
VIII ,oon 10 .a.,., an.
pias ior 'ppnyiIs "ni racist.raJ
releps ana ~. sa.r tram Jrix
paokAse eh'sivPs TOT 1ne '1m masy
l was opened ~ tho ros' oneo Dsps.s
meht to-dAy. Ihere weIe uIso ouuuLHs
inc Morgan EnveioP .s,nps " op'' ~.
neiu, ha=ss.chuse." S,i,.'o,, ~.
toNest