Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-07-24

Total for 1873. .......... ], 46l, col
Total for 1877 ACKNOWLEDGEMENTS. 2ls,
Increase for 1873 o.. ................ /, 243, ABB
State of Kansas
Total for 1873. .................... 2,067. 179
Total FOR 1871. ................,..... 40, 100
Increase for 1873 go ..... ], 1856, 47s
State OF Minnesota
Total for 1S,7....... .................. 219, S47
Increase for 1873 INSTRUMENTATION. 76l, 1856
State OF Nebraska
Total for 1873. go, SIS
Total for lS77 ....................... 237, 4Os
Increase for 1873. Observation-Disclosures. 363, 26S
Grand total for 1871 ...............1I, 463, 321
Increase for 1873. ................ ara, 5l7
TOBACCO AND REVENUE.
A Washington special under date of
July 18th, says for the first two weeks
of the fiscal year. the receipts Of the
internal revenue were unusually
large, and exceeded the same
period of the previous year by
81 100000. Much of this is due to the
sudden impetus given the trade in
manufactured tobacco by the adjourn
ment of congress, ana the tacit under
standing to postpone all tobacco
legislation until the 1st of April, 1879.
But Commissioner Raum believes it is
also significant Of healthier tone and
a more active condition of trade gener-
ally throughout the country. Not only
are large quantities of American
cigars going abroad, but heavy
shipments of fine cut and other
brands of chewing tobacco are being
made to England, where the tariff law
has been recently modified so as to
allow the introduction of this kind of
merchandise.
A POSTAL DECISION
Washington advices of the 18th state
that the encouragement has sustained
the view taken by second assistant
postmaster-general Brand, that the law
passed at the last session Of congress,
authorizing the payment directly to
sub-contractOrs for carrying mails, is
applicable to contracts existing ut the
enactment of the law, IS we'll as to those
of subsequent issue.
REDUCING WAGES.
Owing to the recent legislation by
congress, it has been found necessary
by the secretary Of the interior to make
additional dismissals and reductions in
the salaries of the patent-office en-
ployes. Officers of the bureau are now
engaged in preparing statement to
that end. 1t is understood that laborers
and messengers who have heretofore
received $50 and 800 will be reduced
to SO per month, and attendants in the
model-room will hereafter receive but
$500 per annum.
SECRETARY sHERMAN's OPINIONS.
Washington advices under date of
July 10Th, gives the following as the
language of Secretary Sherman:
eve would resume to-day, but it
would not be proper to do so. The law
fixes the date when we shall pay coin
for paper dollars. 1t means payment
then, and not before then. 1t would
be better to go along for six months,
and let the people understand that this
condition is cal. Then the good effect
will be felt, confidence will be restored,
capitalists will come forward and invest
Inelr means anu manufactures VIII re-
vive. The premium on gold is merely
nominal now at per cent. The sale ola
halEmillion of gold would break the mar
ket. A prominent broker in New
York told us that one million would
knock down this premium. | believe
that gold will go down to three-eighths
shortly, and soon thereafter to one
quarter, which is nothing more than
brokers' premium. The balance of
trade is greatly in our favor, having
reached $250,OOO,0OO last year; our
bonds have ceased to return from Eu-
rope. They had been returning since
the panic of 1873. At that time about
thousand million of our bonds were
held abroad-now not more than
two hundred million are held
there, and seventy-hve millions
returned in two months during the sill
yer agitation. All the bonds that have
returned have been absorbed in this
country; none went back to Europe.
No more bonds will be sold. There is
coin enough in the treasury with which
to maintain resumption. There is $780,
00O, 900, all told; or rather, We have in
round figures $l23, 0OO, 600 gold and sill
YER dollars in the treasury fer reSlmp-