Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1878-12-03

sole standard. and gradually, as they increase
in number, will fall 10 their value as bullion
Even the fear or euspcion OF such an Excess
tends 10 Danish gold, and, il we'll established
will cause continuous drain OF gold until I'M
perstiye necessity will compel resumption in
silver alone Tbs serious effects OF such rad
cSl change In orr standards OF value cannot be
exaggerated and its possibility will greatly
dis,urb confidence in resumption, and may
make necessary larger reserves and further
sales OF bonds"
The secretary closes his remarks on the re-
sumption OF specie payments thus: Ths sec
rotary deems 1t proper 10 state that in the
meantime in the execution Of the law as II
now stands he will tsel It to be his duty TO re-
deem al United States notes prtssutsd on aud
after January l. next, st The oiice OF the ss
ss,sut treasurer OF the United States IN the
c u OF New York. in sums OF not less than atty
dollars, with either gold or silver coin, as de-
aired By the holder, bat rssCrvlDg the legal
option Of the government: snd 10 pay out
U.i.Cd States pOtes for all o,bsT demands on
lie treasury. except when coin IL demanded on
COIN liabilities
The vsius ot the gold coinage executed dur
ing he 'sst hgcsi yesr was tb2. 7gS ESQ 90; OF
trade dollars. IL, SIS 0l0.CO; OK Ssndsrd-silV,r
dollars s SO $1,000, Of iraoh- nsl.silysT coin,
2 99l ais So AID minor coin 50 e9LO0-t total
coinsge OF 81 100 40 30.
Tbs ,mount Of gold coin and bullion In the
country sept. 30, is estimated by the director
a. $50 $50 500, sud o. silver coin and bullion
q, $50 Geo t57-s tots. , I iS5S. AS 9i7.
INC god values Of the exports OF merchAc-
disc from The United States, ,nd imports Of
merchandise into tho United States, curing
the last fiscal year. as appears from returns
made 20, aud compiled BY, the bureau OF sta
ds.ics. tre as follows;
4. p q orc
Exports Of foreign merchandise. "a l56.49S
Total exports Of merchandise 81. se5. 7se
Imports OF merchandise. ........ 431O5l. 5S2
Excess OF exports over impJr ts OF
merchandise ............... 251, Sl4 ,234
Compared With the previous year, the i'm
portstions are less by ga 594, and the eI
portatious greater by i92, S9s, 546.
Tie annual average OF the excess Of imports
over exports az merchandise for the ten year.
ended Juno 80. 1873 wss Sloi zoo, s22 but
during the last three yesrs there has been an
excess Of exports over imports ss follows In
1876, $79.643 isi ia 1877, sl5l l59 ,094 and
II 1875, S2jLsl4.23 4.
The total amount Of exports and imports OF
specie and bullion during he lSSt fiscal yeSr.
has been IS follows Exports OF specie and
bullion. SIS 740.l25; imports OF specie and
bullion, $40. S2l.3l4 exc ~ Of exports over i'm
ports e., 9ls,sl.
TIE importation Of specie and bullion was
lees than forth preceding year BY si0 959, 100,
aud the expectation less than for the proceed
ing year by s22.422, ia
The excess OF such exports over imports has
decreased from Ell, 23l. 425 In 1873, 10 s9,9ls,-
sli in 1878 a. above stated.
During the year there were more marine die
Gste's than in any previous year. tho number
according 10 the report OF the general superir-
tendent Of the mc-SAving service. being l. l6s
The number Of lives lost wAs 22l, and amount
OF property destroy a 81 527. SEQ.
There are $50 ight-houses, $50 river-lights,
TWENTY-FIVE hght-ships ftty-dve steam fog
signI.s Al dAy-besoons and s,OO2 buoyL