The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1879-07-25
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Making net annual saving in interest through
the refunding and resumption operations since
March /, 1877, Of sl0,372,l77. In addition to
the above bonds, there were issued in 1873, to
replace the coin used in payment Of the Halifax
award, per cent bonds of 1907 amounting TO
s5,500000
Two vessels on the Eastern coast, one
at New Orleans and a fourth on the lakes, are
enlisting boys for the United States navy.
A Washington telegram says that on
account of the extreme bad condition OF the
low lands or fats, and eastern shore of the Po-
tomac river lying directly south of the Execu-
tive Mansion, President Hayes has arranged to
absent himself from the city during the month
OF September, in order to escape the malaiial
atmosphere which will necessarily rise from
the quarter mentioned The President intends
spending the greater portion of the month at
his home in Fremont, Ohio.
Since the LIST of July the Treasury
Department has issued warrants for arrears of
pensions to the amount of s4JSi0,OO0, maxim
the whole amount paid under the appropriation
of s25, 900 for that purpose sl0,2l9,OOO. At
the present rate the appropriation will be ex-
hausted in few months.
Under the provisions of the Thur
man act, the Treasury Department is buying
bonds to be applied as a sinking fund for the
final redemption of the bonds issued IN favor
Of the Pacific railroad by the Government
Every month an amount Cue those roads by the
Government for transportation is withheld,
and 10 that amount purchases are made.
The bonds are per cents, as prescribed by
the act So far $3lS,5 in these bonds have
been placed to the credit of the fund
A Washington dispatch says the re-
cent order of Secretary Sherman instructing
Assistant United States Treasurers to make no
determinations against the silver dollar is un-
doubtedly intended on the part of Secretary
Sherman as departure from the theory which
the treasury from the outset has followed with
respect to that coin. The following is the text
of this confidential letter to Assistant Treas
urers, which has never before been published:
TREASURY DEPARTMENT,
OFFICE OF THE SECRETARY.
WAsHINGros, ID. c., June II. 1879.
States DEAR SIR You hereby authorized
and directed 10 pay out on public obligations and
on advances to disbursing officers, the standard
silver dollars the other coin lawful
money OF the United States. For your information
and guidance inclose herewith a copy of a circu-
lar on the same subject this day addressed to each
nationalba depository. Very respectfully,
JOHN SHERMAN, Secretary.
The following is the text of the circular re-
ferred to:
pay out on public obligations and on advances to
disbursing officers standar silver dollars the same
other coin or lawful money of the United States,
a full supply of such dollars being In the
treasury. To secure your bank full supply for
such purpose, the Treasurer OF the United States,
upon receipt from you OF a certificate stating that
the sum of $500 or any multiple thereof has been
credited to his account will send you free of
CHARGES for transportation like amount of stand
ard silver dollars. Very respectfully,
JOHN SHERMAN Secretary.
Gen. Francis A. Walker, Superin-
tendent of the Census, says that the most care
full and extensive arrangements have been
made to secure absolute accuracy in the taking
of the statistics, both of population and of the
various industries. He is of opinion that the
coming enumeration will show an increase of
100000 900 of people during the last decade, or
an aggregate population of 100000