Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-08-22
WASHINGTON.
GOVERNMENT OFFICIALS AND THE CAM
PAIGN

GOVERNMENT OFFICIALS AND THE CAM.
PAIGN.
The National Republican, Washington
on the 18th inst, stated upon authority
that voters in the departments will be
granted the usual leaves of absence to
attend elections in their several states.
and further that the president has con-
tributed to the republican campaign
fund ever since he came into public
life. Last year he contributed $500 to
the Ohio fund and this year he has done
better and not yet done contributing.
Every member of the cabinet has also
contributed this year.
JUST LIKE THE UNITED STATES.
Washington advices of the 10Th state
that Senior Zamacona, the Mexican
minister, having been asked whether
he anticipated war with the United
States, replied: by no means. Pres
ident Diaz is very anxious to pre-
serve friendly relations with the United
States, and is doing everything in his
power to put down lawlessness on the
border, but the Mexican government is
like this country, it cannot at all times
keep perfect order in outlying and
sparsely inhabited states"
THE TRADE DOLLAR.
The treasury department has received
many communications from manufac-
turers and bankers respecting the cir
cular of the director of the mint relative
to the value OF the trade. dollar They
argue that the government has been
guilty of little less than a swindle.
All seem to labor under the impression
that the government has put the
trade dollar into circulation. To an
swer these complaints, letter has been
prepared by r. E. Preston, acting di-
rector of the mint in the absence of DIR.
Linderman, addressed to a western
banker. This letter traces the full his
tory ofthe trade-dollar legislation, and
shows that it was never intended for
home circulation. 1t was originally is
sued
WHEN ITS INTRINSIC VALUE WAS $1.03
47-100,
and all that the government has to do
with its coinage is to coin it for persons
who deposit bullion, charging
them the exact cost of coinage.
The trade dallar now has
no legal-tender quality, although at one
time it was legal-tender for S.. Most
of the trade dollars in circulation east
of the Rocky Mountains have been
coined since the passage of the
act repeating its lega[tender qualities
The government, therefore, the Il at
authorities say, is not a swindle in de-
claring that the bullion value of the
trade dollar is but 90 cents. At the
date of the letter, Aug. IA, the acting
director places the full value Of the
trade dollar at 90.4 cents.
WEEKLY TREASURY STATEMENT.
The following is the condition of the
treasury for the week ending Aug. II:
u S. bonds to secure national bank
ClrculatlOE. .S34S, 100, 450
Bonds to secure public deposits. . IS, $50, 400
u 5. bonds deposited for circulation
week ending to-day. .:.......... /, $50, 500
U. s. bonds now held for circulation,
withdrawn week ending to-day. /, ,202, 45O
National bank circulation outstanding
currency notes ...... .......... 800, 791, ,7s5
Gold notes ], 432, 100
Internal revenue receipts to-day. 33S, 609
Custom receipts. s................. -. 2S9, 905
Receipts of national bank notes for
week ending to-day. compared with
corresponding week last year-1S77. 4, 25l 900
1873. Observation-Disclosures. 3,621 0o
Receipts to-day y....................... 538, T9
Subscription to the per cent. loan
to-day. .-..-.........--.... 2lOO
q