Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-11-20

mas not, as yet, been realized r.
causes OF the decline in value d,,. ne
the present calender wear h.re uulng
very large decrease il the der.asn
export to India and China tha Tor
tinued closure of the minis ~ ~ eae con
OF the Latin Monetary Union and Sa ,t
Netherlands against the COINAGE ne
lega[tender silver coins. tFss Of
OF irredeemable paper currencr use
Austria and Russia, ana ,iey
readiness of the German eoyernman. ue
meet any fair market with feoo 70
plies, making sale recently Is sup
don OF one hundred thousand poun Oil,
as low as 51a pence per ounce f + m;n
OF course, be readily understood ,hn.'
as long AS the supply of silver ia n ,n n
cess OF the demand. there can ha ga "a
permanent rise in value. An in.re.a Nv
demand OF any magnitude can onI'i
arise for India and China ., oniy
the event of the resumption Of I'm N
coinage Of legal-tender silver coins ' he
france, Belgium, and the Netherland:
While this complicated, uncertain and
unsatisfactory condition of affairs w ~,I
the relative value Of gold and s;Iro.
continues, it will require that ,ba
course to be pursued by the Tn;,aS
States should be very cautious in 70.
spect to the issue of legal-tender silver
coins in which silver is rated SO mnoI
above its market value, if gold Is
to be retained as the princ;naI
money OF payment and of comme-pa
1t should be added, in this connectior
that, while silver is the monetary stanI
ard of the Austro-H Hungarian and Rms
sian empire, their more recent nnbIc
loans have been made upon gold basis
which will require their tariff duties to
be collected in that metal. Foregu
exchanges are likewise settled on a goId
basis.
FREE TRANSPORTATION OF SILVER DOLLARS
A Washington telegram of Noyem.
Der 10th, says: It is stated IN.
officially that after the first of jam.
uary next, as an aid to RESUMPTION
of specie payments, it is very likely the
treasury department will send to parties
desiring it, the standard silver dolloar
in quantities Of 81, 900 and upward free
of transportation in exchange for like
sums of greenbacks deposited with the
depository banks.
WEEKLY STATEMENT.
The following was the condition of
the treasury Nov. 9th:
Treasury now holds
U. s. bonds to secure national bank
An
U. 8. bonds to secure public deposits. b., 400
Bonds held to secure per cent loan. 3,926, 600
U. s. bonds deposited for circulation
for the week ending to-da. .y.......... 10000
PENSION COMMISSIONERS REPORT.
Says Washington special of Nov.
10th: Mr.. Bentley, the commissioner
of pensions, has completed bis report
for the year ending June 80, 1878.
The number of new claims of all
classes filed during the year was $500.
OF these 1882 were original invalid
claims, being more than double the
number of the same class filed in
either of the four years from ISL to
1874. AS many as 1920 were
for service in the war of 1872. One
in six only were the claims OF sur.
vivors, the balance being those Of wild.
ows. Claims to the number of 43,764
were settled at an average cost for sal
aries of $1O15 per case. The average
cost in 1877 was $12.Sl, and in 1876,
SILL.
The saving through the increased ef
ficiency of the Office, including the re.
duction in the salary appropriation Of
1913 $50 in 1877 over 1876, was $lSS,O5G
and in 1873 over 1876, including the
reduction of the salary fund Of SS5,SW
was $34O,172. The number OF cases
settled in 1877 was 224 per cent. greater
than 1876, and in 1873 56 per cent
greater than in 1876.
At the beginning of the year the
number Of pension agencies was re-
duced from fifth-eightto eighteen, say,
ing in salaries for the year Sl4ZW
making an aggregate saving IN
the bureau for the year o.
$4S2,172. Since the consolidation
the pensions have been paid more
promptly than before. The pay ser
vice has advanced to high degree Vi
efficiency. The commissioner Is "
the opinion that the reduction IN l1e
rate Of the agents compensation made
in the appropriation bill for the GU
rent wear cannot be maintained WIN,
out injury to the service, and soals
further allowance should be madelo
their expenses. oro
On the 3Oth of June, 1873, there "ele
223.99S pensioners on the rolls rs *
duction of 2,645 during the year ~
expected that the number will inctea 'nt
considerably during year on account
of the 1912 pensions. living
The amount paid for pensions az T!I ,h;s
amount, $240, 91O,36 was retained aa ,lut