The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1879-11-28
PUBLIC FIGURES.
BntsFsstisg asattssses--rhs Tressurers
Observation-Disclosures 9eneFal's kstt.
mnlee. kae kae.


ending June 80, 1881, has been completed.
The estimates Of the amounts required for
expenditure undsF the var department az.
grs gate $29, s2i, 7s4 for the military sstab
I,shmebt, and u, 667, S34 for public works OF
various kinds, including about e6,000,O 900
for river and har Dor improvements, 81. CO.,.
900 for sea.coast Notifications, e774, 0J0 Tor
buildings In and around Washington, and
$o57, 900 for arssnalS. TIE coat Of the naval
establishment IL estimated at Si4,609, 1853,
The estimates for Indian service foot up
u, 992,Si6. For foreign intercourse, 81, 1856.
1856. For salaries and expenses Of collectors
Of Internal revenue, $4,076,tO0. For
expenses Of mints and aAssy Offices,
81, sOe,Sl0 For salaries and expenses,
Of the treasury department proper.
S @sSt proper. sS,i4s, s7s. For ne dssdis il
pos'al revenues, o ,7i2,0C0 For the con.
struotion OF new light houses, beaoons and
fog signals, S674, 900. For new government
buildings throughout the countr,s 1921.
0ol For Judicial salariss aad expsnsss Of
For salaries and expenses Of she two houses
Of congress, (sbout) $3.50, 600. For salaries
Of the president and vice president, and az
pensss OF the executive office, $97, 464 For
81 penEes Of the tenth census, $2,760, 100.
The grand aggregate Of estimates 10 $685..
S47,l29 The total amount appropriated by
congress for the current dssal year was Si6a, !.
404, biS, which includsd t26 700, 900 for arrears
Of pensions and about SlS, OOO, 600 for the D.
triet Of Columbia. No estimates for either
Of these purposes are submitted In the book
Of estimates this year.
TRRAsuRKR's REPORT.
WASHINGTON, November Is The annual
report of United States Treasurer Gilflisn
says the aggregate OF gold coin aud bullion
and OF silver coin and bullion, (inolu ling
standard silver dollars, which being coined
under the act Of February 2S, 1878. do not
appear In statements prior 70 that Year, 10
shown 20 have increased from S6l $50 40 In
1875, TO Sll4,464, esq In 1877. 70 SlS9, 969, AZ
in 1873, and TO SAL, sO7 ,368 In 1879. The de.
crease In the aggregate note assets, includ.
ing credits In depository banks on other
than loan account, 10 shown TO have been
GRADUAL, the apparent increase In 1877 being
due 10 the failure of the army bill 10 become
law add the accumulation Of funds oonse-
quent upon Withholding payment 10 that
branch Of the govern ment service. The
note assets ranged as follows, on the above
date: In le76, tss,4l9 1885, in 1877 si07,.
664 1885; in 1873 $50, 772 500, and in 1879 t5s,.
6ss., 30. The decrease In the note balance
arises from various causes, notably
from receipts for customs aud Internal
revenue OF coin, from the amounts
paid out in purchase Of bullion for coinage
Of standard oliver dollars, from the ex.
change Of notes for gold and payment Of
notes for foreign gold received az the assay
Office In New York, from the purchase Of
gold bullion with notes aud payment OF In.
terest of the publ debt In United States
notes, and from the payment OF arrears Of
pensions. The most constant In huence In
/ H. kala L.. Skak
which proceeds from the purchase OF silver
bullion for coinage, thereby dspriving the
treasury OF an equal amount OF notes re.
ceipts. All the above mentioned causes Of
diminutiOn except this can be coDtro. led by
the department. Since resumption, hOwev.
or, the treasury 10 deprived by the receipt OF
coin paid for bullion Of like amount Of
United States notes, amounting probably 10
per cent. OF the annual revenues. This
per csntage Is greater than the margin Of
public receipts and expenditures, end will
In time, without the other influences men.
| toned, render the balance in the treasury
first exclusively metallic, and then exclu.
sivsly silver. That this Is SO, Q glance ~
the monetary operations OF the govern.
msnt will show. The annual receipts
from all sources are $274, 000, 900. OF this
amount at lesst2i ,OO0, 00J is in liver dollars
or in silver certificates, that being the mini.
mum paid annually for silver bullion 1,
coinage, which amount speedily finds It's
way toto the treasury-the more certalhly
because payments for bullion are made
either at New York or San Francisco, which
are both centres of large receipts BY the
government. The maximum net note re-
| ceipts are then $25 I,OO0, 600 against which
are payments of $267, 100000 for general
expenditures, interest on the public debt,
war aud navy establishments aud pen sions,
made in noIes, or II made In coin its return
decreases the note receipts to that extent.
The excess OF note expeud lures over note
receipts is therefore III, 0O0, 900, which is
the annual decrease OF the note balance
from silver dollar coinage alone.
The treasurer says that unless the rules oil
the New York clearing house are changed
so as to permit the payment by the trersury
of ell or o certain percentage Of the bal
ances in silver, IL may become desirable fol
the treasury TO Withdraw from q relation
which renders over $S0,OC0,t 90 of lawful
money in its vaults unavailable for payment
at New York, the point Of greatest public
disbursement
The silver bullion on hand has decreased
during the yesr from 1854 0S4 to s4,2ss,
l24, on account OF the difficulty in making
purchases as prescribed in the act of Fesru
airy 20, 1873, at o market rate which 10 helc
by the department TO be the equivalent o
the London rate.
A considerable portion of the report i
devoted to the subject OF resumption o
specie payments and rounding operations
Daring the year there were redeemed
$64, lO7, 1853 worth of Uaited States notes o
all denominations.
The total coinage OF standard silver do
lars under the act OF February rs iS1S,
$45 206, 200, of which amount $32 ,203, 1868 is Il
the minis and treasury offices, and 3,002
$40 in circulation, being 28A per cent
the total coinage, a. against 81 622, 62S i
circulation at the same date last year, whic
. was 200 per cent. Of $lS,2S2, 500 coined 9
that time.
Treasurer Gilillan expresses the opinio
that the rapid appreciation Of silver bid
) fair to solve the silver problem for thi
country. He says there are indications
3 the present Of uenoes continue that IL ma
4 attain nearly to its former relation to golt
} or at least spproach to parity therewitl
PosToFFIcE MATTERS.
i WASHINGTON, November lS,-The snnu
7 report of Postmaster General Key is mad
z public to-day. A large portion of IL is d.
1 voted to the presentation of statistical /,
a formation already published in abstracts
reports of bis subordinate officers. III
, postmaster general renews the recommend
7 enactment of q law readjusting the con
!, pensation of railroads tor carrying ma
upon the basis of space, speed and fr
4 auency, supplemented by the weight I
; mails carried. The railroad compaDi'
have, as a general thing, neglected to IN
nish statistics Of receipts, expenditure
e etc, as requested. Recommendation
. made that the appropriations to enable q
q postmaster general 10 obtain proper tacl
q ties for the prompt transmission oil mails .
y railroad be incT eased this year to $4,000
|. The cest Of railway service on the 30th I
June, 1879, was at the rate OF ~ ,692 $50 p'
,. anuum, an increase over the cost OF servit
II during the preceding fiscal year Of $126,99
n This increase does not, however, represeI
Is the actual rate of increase in the service,
40 account must be taken Of the reduction
"a per cent. in the rate OF compensation fro
- July /, 1873, made under the act of June
4 1878. The amount OF this reduction is
Re round numbers 100000, msking, with u
ss $l25, 996, an increase OF S625 995 for 10
re over 1873, being little less than 5.05 per Ger
" The general increase in business all ov
n the country, and q reasonable certain
that the present property will contin,
10 for some years, will require the appropri
e. ton for railway service for the next &C
)f year to be increased to at least $40 600 ,OC
II and the estimate 10 accordingly plsced
N that sum, The estimate for railw'
=. postofice car service for 1881
- placed at $l,350,OO0. The postmast
70 general earnestly renews the rocomme
g. dation of last year for q reclas.ifc
IN ton of employees of the railway mail 81
Of vice, as advised by the general superinten
I'd emit of that service. Gen. Key reports tn
# the operation OF the present laws REGULATE
:. an increase of compensation for increas
speed and increased frequency Of servi
u upon "star" routes, Ii. g., all those whel
on mails are transported by horses and {
binary vehicles) results In great loss to {
A. Government and recommends Legislation