Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1880-12-17
WHOLE NO. 1o44.

fractional currency. 61.7f4
Loan OF l00S. S............ ne
1einpoary loan n...... i'm
Bounty and scrip. ........ ~
compound interest n -
7:9O notes of186i-5. ..... SSS
One and two yearSn0tes ~
Old demand notes ~
s7a,ses,os5
The amonnt due the sinking fund FOR th,ss vs.r
Seng ~ sRp'sa II .4csss thereto g e =.
requirements for the year The aerrarSte re,srs
sSS s sSass: ws. dSsssE q: 'csl
presiding year Of q, 800 s4a g. Receipts H. r.,
Of the current year, together with the esimsseS =,
$50 10000, which viii be snfscicnt 70 mss1 ~
mated expenditures Of the year and leave snyniur
q sso oooO. It 10 fortunate that this iarse 81.
plus of revtnue occurs ct period when II nv -
directly applied to the payment OF the public dex
on, soon rsdseIsoie: Ne public duty has been moso
coicx NJ sns,ished 81, II sh: gCi.e sa.
sible: The debt OF the United States. ess es.k -
the Treasury and exclusive Of sccrnine interest," -
1885, and has since that time been reuced y, ~ ~
sss ol9,tN 0fthe principal Of the debt SieS. ia
100 has been paid since March 1st, ls7!. s1sctiIe =
den Of interest has also been diminishcd s. ~
sale OF bonds bearing low rate Of Interest and ~
| bonds bearing higher rate. The ANIMAL ~ 49,
ihn secured since March let. 1891, IS Sil,sO0.lH
WITHIN snert period, over e6n0O00 600 OF nye an6
presents very favorable Opportunity not only ~
further reduce the principal of the debt but sIso =
unpaid. / call the attention Of Coneress 70 yie~s
expressed ON this subject by the Secfeisry 81 ~
Treasury II ni. annual report. and Tecommena
mont to complete refunding the debt which =
COntlnuaaee q specie peyments has NOT been -
sumption. 1t has contributed greatly % The revivsf
Of business aud to our remarkable prOsperjtv.
have proved gronndless. No considersbis sS,ssn
Of United States notes have been presented 10f r.
dempti.on while very large sums q goA baic
exchanged for coin or notes The IN incrssss 81 cofs
and bullion in the United States since Janusry ia
ssstnes s 4 s jn:ss Ths - @
gal tender notes. These notes were suthofixsd =
war measure made necessary By the cxigsnciss q
engaged. Tho preservation OF the nation'e exiS1-
cnce required In the Judgment Of Cougrese q ise1o
sSs e legal tender e, gaIsfs money That served 10
toned, bat the employment 0fnotes e. pspcr mcnsv
indefinitely, after the accomplishment 81 tie cSisS =
Cd &. q ne s nps
were issued. These notes long since becamo HI
any other pecuniary obligation 81 tie G3vsfnnsne,
mere evidences ci indsbtsdness no lcnrcr sxissinr.
therefore repeat what was said in my aannsl
cuSn Of UnsyS s:,ss se % o%
legal tender In private consrScts 4 sien ~ - E
en- In our progress towards ~ on1 stshie e's-
Sntvy ~ ~ ces y e ne pocy -
Of the people. 3 ~ 80 '-s -
Al the Tina of fhe passage a IL sct nav II 49,
requiring the coinagc Of silver dollars, nxine thsi
believed By many sappostsrs q The measure 1T
the silver dollar WlcS n srfhorinee wonA sr,SStj
become, under IL operstioSs 81 ~ ~. a. soni
lent vslns to the eoad dollar. There were ceiSr
supporters az the blil who while thew onhssA ~ -
the probability of this rcouit neyertheless 49,
willing to give the proposed cxpcriment iSir trisI
with view "a stop their coinaae Il expsrissoS
should prove that the siyer dorr suthoriSd - ~
bill continued to IS OF Iees cOmlnercisl VIM ~
tho standard r0Id s0llar CoInace ~ sivss SciSsss
under the act reierred to SeRsn IL March. INA -
has heep Continued a re0ulred Nv ina ~ Tr -
craze rate per monih 10 fhe nrssent tins ~ -.
4s276. .40s. The total amount coined prior . ~
frst OF November 40 Wss ~ ef7 III az M.
amount. fl7OS4. 80 rem,in n ~ Tpssssrv r.
125 76S s5i are IN the bands Of the peonie Gcnsfs
efort nm been made to;koen this snrtsncv q s{ss
Iation and cOnsiderahie cxpanss ~ tesS nssss~S
riy Incurred for that purpose. bat its resrrn g
Treasury hss been pronDt snd snrs. contrsrv - ~
confident anticipation of the friends 81 he -