Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1878-12-12

| re1undlng Lne puOllc ueOI aI loWeF Tates VI
interest, is very gratifying. The amount Of
four per cent. bonds sold during the presen!
year prior to November %, 1878, is $780,,
7O,90O, and six per cent. bonds, commonly
known as five twenties, to an equal amount
have been, or will be redeemed as calls ma
ture.
1t has been the policy of the department to
place the four cent. bonds within easy reach
every citizen who desires to invest his ga
wings, whether small or great, in these securi
ties. The Secretary of the Treasury recon.
mends that the law be 80 modified, that small
sums may be invested, and that through the
post offices, or other agents Of the government
the freest opportunity may be given in all
parts of the country for such investments.
The best mode suggested is, that the De-
partment be authorized to issue certificates o1
deposit, of the denomination Of ten dollars
bearing interest at the rate 3.65 per cent. pei
annum and convertible at any TINA within
one year after their issue into the four pei
cent bonds authorized by the refunding act
and to be issued only in exchange for United
States notes sent to the Treasury by mail OF
otherwise Such provision of law, suppor'
ted by suitable regulations, would enable
any person, readily, without cost or risk, to
convert his money into interest-bearing secu'
rites of the United States, and money 80 re.
ceived could be applied to the redemption Of
six per cent. bonds.
The coinage of gold during the last fiscal
year was s52,798,980. The coinage of silver
dollars, under the act passed February e.
1878, amounted on the 25d of November
1878, to $l9,814,55O, of which amount S4,'
9S4,947 are in circulation, and the balance
Sl4,829, COB is still in the possession of the
Government.
With views unchanged with regard to the
act under which the coinage of silver pro
ceeds, it has been the purpose of the Sec
retary faithfully to execute the law, and to
afford fair trial to the measure.
In the present financial condition of the
country, am persuaded that the welfare OF
legitimate business and industry Of every de-
scription will be best promoted by abstaining
from all attempts to make radical changes
in the existing financial legislation. Let ii
be understood that during the coming year
the business of the country will be undistur.
bed by governmental interference with the
laws affecting it, and we may confidently ex.
pect that the resumption of specie payments,
which will take place at the appointed time,
will be successfully and easily maintained
and that it will be followed by heaIthful
and enduring revival Of business prosperity
Let the healing influence of time, the inhe
rent energies of our people, and the boundless
resources of our country, have fair opportu-
nifty, and relief from the present difficulties
will surely follow.
The report of the Secretary of War shows
that the army has been we'll and economical
" supplied that our small force has been &C.
lively employed, and has faithfully perform.
ed all the service required of it. The morale
of the army has improved, and the number
of desertions has materially decreased during
the year.
The Secretary recommends
1. That a pension be grated to the widow
of the late Lieutenant Hiram H. Benner, 18th
Infantry, who lost his life by yellow fever
while in command of the steamer j. NJ. Cham
hers, sent with supplies for the relief Of suf:
frrers in the South from that disease.
g. The establishment of the annuity s'heme
for the benefit of the heirs of deceased officers,
as suggested by the Paymaster General.
g. The adoption by Congress OF plan for
the publication of the records of the War OF
the Rebellion, now being prepared for that
purpose.
f. The increase of the extra per diem of
soldier teachers employed in the post schools,
and liberal appropriations for the erection OF
buildings for schools and libraries at the diff.
terent posts.
s. The repeal or amendment of the act Of
June lS, 1878, forbidding the "use of the ar,
my as posse comitatus or otherwise, for the
purpose of executing the laws, except in such
cases and under such circumstances as may
he expressly authorized by the Constitution
or by act Of Congress"
g. The passage of Il joint resolution of Con-
gress legalizing the issues of rations, cents and
medicines which were made for the relief OF
sufferers from yellow fever.
7. That provisions be made for the erection
of 6repgoof building for the preservation of
certain valuable records now constantly ex'
posed to destruction by fire.
The recommendations are all commended
to your favorable consideration.
The report of the Secretary of the Navy
shows that the navy has improved during the
last fiscal year. Work has been done on sew
enty.6ve vessels, ten of which have been
thoroughly repaired, and made ready for
sea- Two others are in rapid progress to-
wards completion. The total expenditures
of the year, including the amount appropria-
ted for the deficiencies of the previous year,
were Sl7,46S,3 1926. The actual expenses
chargeable to the year, exclusive of these de-
6ciencies, we're s13 ,3O6, ,9l409, or S767 1913
less than those of the previous year, and $4,-
928,677 "a less than the expenses, including
the deficiencies. The estimates for the fiscal
year, ending June 30, 1880, are S14,562,-
3S1 45-exceeding the appropriations of the
present year only $50, ,94975; which excess
is occasioned by the demands of the Naval
Academy and the Marine Corps, as explain
ed in the Secretary's report. The appropria'
tions for the present fiscal year are Sl4,52S,-
431.70, which, in the opinion of the Secreta-
ry, will be ample for all the current expenses
of the Department, during the year. The
amount drawn from the Treasury from July
l, to November J., 1S7S is S4,74O, ,544l4, of
which $70,980,75 has been refunded, leaving
as the expenditure for that period, $4,669,-
563.39, or $520,899 "a less than the CORES
ponding period of the last fiscal year.
The report Of the Postmaster General en-
braces detailed statement of the operations
of the Post Office department. The expendi-
lures of that Department for the fiscal year
ended June, 80, 1878, we're S34, 165, ,O84.49.
The receipts, including sales of stamps, mon
ey order business, and Official stamps, were
S29,277 $685. The sum of 1890, ,436. SO, in
cluded in the foregoing statement Of expen-
dtures, is chargeable to preceding years.,