The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-12-04

mo not ~ thr nntiunul banks wns done ~ tho
bureau aud department, rxrrpt the gre N bnrks
of tho lr,.nl ten cr, and the black ha, ks of tho
national bunk nvcs. These wore executed by
und.rn contract mnd' Fch 90 s77 and tor
rrinnhlr ON ninety dayss notirc lnismu N No
tho pri"os nnm"d in tins contract wore fixed in
tln, nrlsirnl contract dnt II June i37l, When q
oost " lrNor and mat rial WINS mn " higncr
thin now. a." S'rroiary loaned it for the inter
'st ~ tir Govnrn'lH mt 10 rminnlp IT. 50 Tat
thr whole suliot Of cngrnyiu. am print NJ ~
private companies would "" " thin the unw'r
Tl"n prov ding Tor The expenses -! the lu-
r"au for thc ,urr mt fiscal yenr r'uu g. TINT tho
f" tly. and = s1f'lv MS elsewhere 10 Sthurs
H." "o-i of rvc.utiny work in tho hurenu and
elsewhere. ~" Srrrrtnrv iaau"i nm ndvortisc-
mont. srpt. t. inN ting proposals. on the 2Jth of
rai-trndor not ) and the binck backs on nniion-
al rurr n " notes for the period 81 one year
from the lat oi October. Tho estimate Of the
hurcnu ou 9th class N work. being an aver
M" OF sS7i pcr thousand uerict shoots, ~
against slS per thou-end puid the hnnk note
company last year. and less than the bid Of any
OF the comp MICS the Secretary deemed IL to 10
his, duty under the law. To bring this work
ter careful examination the crctury is sntia-
He'd that the work. ~ don" IN the bureau. ~
NOR" per rtly Ion tHnnthNt h 'rctoioro done in
priNHt" .Snh7 iiin"nts. oven M, ih' ,higl rat -
paid. Upon the question of sniDl y, the Se'rta-
nv cannot 500 how il IL possible for The Governs
m,ni To- he better projected from fraud or mis-
inke than il now IT, But the qu' stion Of snfrty
hginE one Of public policy. TIE constipation of
which properly belongs 10 Congress-, the Sncrr-
tary respectfully submits 1t to that body. with
me remark thnt. ns IN government has been
make and issur its gold and silver coin. unnlo-
Ky wuull indicate n similar course M to lis pa
n'rrlr untlon, ana experience shows liz prac-
On tho 10Th Of March last. the Secretary APP
point I'd commiitee consisting OF thrrc cNpcri-
nnr"t officers of the department. TO make n
thorough examination Of tho bureau ~ then
orNnH"i aad conducted. Upon the report ot
that committee. there were discharged. April
tx and April 30. live hundred and thiriv-cight
nersss whose ANNUAL ply was about $500 900.
charge of new OIL GERS. who have recognized
II in every branch, and have TRANSFORMED II into
nm ndmi rablc workshop. as IL WIS the purpose
of the law il should bc-wherc the public work
can be- done with cheapncss safety, and excel
l"nr". Al the papers relating Ia the various
with.
The Secretary respectfully recommends that
Congress appropriate n sum sufficient to erect
"A substantial nrc-rroof building for the work
performed 10y this bureau, and for such uthur
service Of n mechanical nature IA may from
time to time be required For considerations
which justify this recommend aion. and Tor do
tails the Srrrctary rrlrfs TO the accompanying
report Of the Chief OF the bureau.
PUBLIC MONEYS.
In the ronort ol the Treasurer Of tho United
States. h"remith subm tod there il set forth -
detailed statement of the monetary transact
ons Of TIA" Government dur ng the past yeur.
II will Ire seen that the coin resources Of the
Treasury on AL accounts. from sept 80, 1876. g
sept 80. 1871 had Increased from sG7 SD. 7u5.95
to s133 $50 or "a. and tho currency RESOURCES
from slQoA377dG4i 70 sll0.Osd. 039.01
Since the issue oi silver coin commenced there
has been returned to the Treasury for rcdnmp-
ton largely increased amount of minor coins
iur Whish thrre Is no demand; On sept. ~.
1871. thrrc was on hnnd Of these coins an
amount Of $50, liO.5i. const tuting u portion II
hccurrency balance of tn" Treasury pra tictlly
unavailable Tor ,urrrnt use, and occupying tho
Treasury vaults Ia an lnconvenicnt extent. The
necessary legislation for their proper dispOsi-
ton Is recommended