Chariton courier. (Keytesville, Chariton County, Mo.) 1878-current, 1879-12-06
TERMS OF suBsoR1rrroS.
Annual Report ef secretary sherman.
The following are the principal
points of the report of Secretary Sher-

man:
tho fiscal year ending June 20 were ss7sss,,.
period ere easnS for the ssp1s sps
revenue of $Bsss, 'ol.g}. Tho amount due the
sinking f1nd for the year was so, ,a5s - 60,
special four and q half percent. United States
of fractional currency, amounting to sS5s5,-
.s4, to the payment OF arrears of pensions as
81 s the ~ sHe nos
the months of July, August and September
OF the present year was fully absorbed
OF sis,ssIa arrcars of pensions, s accr,i- ssu-
ing under the act approved january s6,
the DepaJment has been able TO purchase and
apply TO the sinking fund. out of the surplus
ss sr sSed SS HS9ts ~ e oSOss ss
per cent. bonds issued under the act of March
lSt The latter is tho excess of redemption
under the Refunding acts, and, unless unex-
pected Appropriations, available for expendi-
the surplus revenues, i'm addition TO paving on
tne taiance OF arrears OF pensions, viii prob
az, any ,n enable ihe Department to Apply TO the
The revenues Of the fiscal year ending june
ssss seodo6 The estimates % s' OF expenditure ss @
ior the Same period, received from the several
nsssa.lss sgssa & ssS sSs s or
sss Se ssaM1ns
penditures are based upon the requirements
Of existing law ana the necessary appropria-
The estimated surplus Of ssas s. 81 Viii pro6a.
bly, be exhausted by additional appropriation.
should Cougrvss increase the appropriations
beyond this limit, or repeal or reduce existing
taxes, other sources of revenue must be pro
vide. videsi. Should this course be determined upon.
mend, he would suggest ns a means of meeting
the deficency the restoration of moderate
ing of nm internal tax upon manufactures OF
opium, as hereinafter more fully stated.
With With 2 view view to promote economy the Sec
izatien Of s,Appropsiaiions Committee
during the recess, with power to send for perss
sons and papers, and to examine all expendf-
cd in the respective Houses % limiting a g Appeo- pe-
pristion bills to items of appropriation, and
sept or ne that al az sSe
public debt, be limited to period not exceed
ing two years, and thst their expenditure be
which they are appropriated. and that al per,
manent and Indefinite appropriayDW made
more more, than 6 fouy years ago except that for the
fsfssuMPrIoS
At the date of my last annual report, D.
cembcr g, 1ssx the preparation for the re-s
sumption of specie payments provided for by
substantially compieted. on the Isl. Say Of
January, 1S59--the day fixed for tbs resump-
ton Of 5 specie paymendsuthe M ressrye ,Is Of coin
tl33. .506, ,s0i.5O. Previous TO that time, in view
of resunistion, United States notes. aad coina
ncsas equivalents. Actual resumption com
minced at the time ixed by law, without any
D.aterial demand for coin and without disturb
dnce to public or private business No dis
tinction has been ulaflc since than time be-
tween coin and United States notes in the cob
principal or int crest of the public debt. The
great body of coin ipdebtedncss has been paid
Creditors. The total amount Of United States
notes presented for redemption from january
70 Navsmher @ !, lssa; was slI.s5s:s7s But IL
ities of the Government during the same
period, though the amount accruhag excee.led
intd the Treasury. and gold bnlloa was dcpos-
tied in the Assay Office and paid for in United
osin and bullion in fhe ;1sn Treassiry s increased
during that period from <lGz. "a. 10 to Se5-
1;si.F5s.s, and the net balance availahic for re-
sumption increased frum $1.S5)SSl5l to-
tion taken in the last annual report. United
january Last in payment Of duties on
imports. To meet 1hc local demand for
;, c1ln, 1s, in pisSes Other s shsn ball. New New & xork
coin for United Sfaies notes, tho coin being
delivered othem ON established express lines
silver coin has been freely paid out at the
suhfrcasurics upon current Obligations of
but little demand for |. coin, and United
States notes and the circulating notes Of Ma
s,onsl q nal hanks Ian have psen receiyed and paid out
public and private. in all paris OF the country. /
The specie standard tins happily secured, has
Many Industries, greatly depressed since the |
panic of 1873. have revived, while increased |
sctiyity has & been ,i,, shown in sll brauches of
The reserve fund created by the Rcsump- |
tion act could not. without further ieRisaffon, /
priafions; nor is it 10 be presumed that Com /
gress VIII omit to provide ample revenues to /
exisfing Laws, the notes recoived into the
Treasnry in exchapga for coin viii always lie |
available for the purchase OF OF exchange for
coin or bullion. Any United States notes in /
the Treasury may be exchanged for coin /
under the authority Of Section 400 OF the |
used at par for that purpose they must ncccs-
sarily remain In the Treasury. TO "A. Old all /
thss s. nT ihe emRpon r funs 5s
ally dehncti and set apart for the redemption
OF United States notes, and that the notes re-
or the purchase of coin or bullion. -8t
NATIONAL RANKING SYSTEM.
The report OF the Controller OF the Currency
gives complete statistics relative to the Ma
tional Banking system from its organization
until the present time. The number Of banks
ssrssate capifai ssaoesssss saSpias yei s siis ie
including United States coin certificates. sf2.-
Ia, l23; legal-tender notes, including United |
s states &c, ccrtifieates, xsSs;S4te; as loans ssSs
November was s35,171.41s- Among the sub
1ects discussed in the report are the relations
banks and the Government in the resumptfoni
OF specie payments, and in the funding of the
financial operations the cooperation Of the /
National banks has been of essential service |
10 the Government
= The disbursements for collecting the reve- |
nue. ffpm customs for expenses incurred with
lows: is.T, s6.s4s7s57; 1878. IS 525 7s7sa; ls7s,
<5,fsa s.9.t3- This shows reduction Tor lsls
over islI OF SIS 50. %, and reduction for 1879
A marked Improvement has also occurred |
during the past year In the collection OF the |
the ad vniorcm system, hns fallen short of the |.
amount which should have been collected I
marker xs,,-se-- This was due to a system of J
Under aluations in the Sptrics Mt the Cus1of,,
hos especially upo aorss,5frHsu, 20 ZIG ~
Foreign manufaeturers ~ '-'
S'"'''' OUR MRRcHAsT MAXINE:
me total tonnage of vessels OF the united
,,os M the close of the fiscal year ended June
~ Is,o was 4Ieg 600 tons. II Is grave gues-
ton oi PugdnS Pd when the unlimited right of pur-
not @ ~ nv Under the English stasutcs should be |
extended TO ycssS1s hcn as admission Me H%crienn %
noul.s n.,- ,,non the payment of dutff should be |
Istr',.ci thcm upon importatiohs. INC recov- l
allSSssa rx VI our old Position IN tho caring trade
VIII mnrc .n ~ ensre upon medication OF
tnge ,SoTs mHo ,,por the right OF purchac, while
duty upon ,s ships spspcec IN
no'S ~. uu obstruction Of iron vesselsof the
largest class
MIR IIAwEIs, a le'lslh - gion tpis- |
copalian parsoR Rreacbo5 .s9aI = -, Cmrch |
type, has lately ,a IN -. 4 ss9kins ser
mon ON the dr;ch;nn winch ne said
"Though the of bpman sn ,;f he. oe a.,
rect, no pot;y,and the dramati<t and
10 De hlseI"e jponsible for iu,,..