The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1881-12-23

Inc Sink IIK IuuI. <(1<<t ~ w y
Fractional currency Tor the sink
La" n ~ 'S February. ix,i...-........ s.spoo u
Tcn-forfIrs ~ 1864 ......-...... :.Oi0l1O n
Fivc-twcnfics 81 lH.i2. ........... is3U %
Fivt~twcntic< of 1914. .............. AtW %
Fiyc-twcntic< II ls<l5. .....~...-... A.u %
Conepls ~ lstsl.... ..........-*.... iE!W "
sonsos % ,~ s..''.....'..:..--...-.. m-,.o "
Texas Indemnity stock ....s...s.. loooUo %
Old demand, compound-intcrcst.
10 the increase q cash in Treas
ury.t....s* ...*... ttrt.,'Nr, ~
The receipts Of last year were greater than
the year before by <,a.15s. aol.io The customs
revenues were Increased <ii.65s.jii.i;. and the
revenues <Ii.2s5.Oii.5s. There was decrease
Of expenditures as follows: IN tho Interior Do
partmcnt for pensions. <Dsl. sS.fs; for prrmi-
ums On purchased bonds. <l..AOsl.6i; and in-
tereSt on the debt, <ia2iS. xs.a. The receipts
for the present year are estimated NJ Sioo,Op,-
900. md the expenditures NJ $sso0oo.0o
The report recommends that National Ranks,
~ any time within two years prior % the exp
fntion ~ their corporate existence. BE- allowed
q extend the period Of succession BY amend
ing the article ~ nssocnfion by the votes u
shareholders owning two-third- ~ tho capital,
n the bank BE- found 20 be IN good shape.
TIiE TREASURY RESERVE.
The Department. the report declares. hrs
pursued the policy long established ~ retain
ing as a reserve for redemption ~ bond>about
20 per cent. Of the notes outstanding. In nd
dition. SUFFICIENT money has been kept IN the
Treasury 20 meet al other demands and obit
cations outstanding. The reserve hns never
been below - per cent. md never ahoyc -
per cent. Of the outstanding notes. The lii-
cral purchase and coinage ~ silver. nnd the
receipt Or fhom for public dues. has failed 70
raise the market value Of silver, Il y rec nm
mended that measures be taken 70 repeal tho
act requiring the issue Of silver certificates.
and for the retirement Of such ns may hs In
circulation. II q recommended that National
Banks be prohibited from retiring their cur
rcncy except after 4 previous notice 81 inten-
tion 50 10 do. the length or such notice 70 BE-
fixcdb BY law. Tho compelling Of such notice
wouldprcvcnt the banks from suddenly con-
tracing the volume 81 currency. and creating
the embarrassment that followed the passage u
the 3pcr-ccnt. Refinding bin o. Congress q
the last session.
Between June =, 1874. and 1878. silver coin
was not legal tender in payment ~ United
States bonds. Tho report nsks whether foreign
bondholdcrs who acquired their bonds during
this period mas not regard the payment Of
these bonds now with silver coin A. breach %
faith. This Government. the Secretary says.
u abundnntly able 70 discharge ~ debts In
money which Il everywhere accepted as a true
standard Of value. Further. on the subject Of
raver coinage a the rate Of fs.0O0O per
month. he says:
1--WE furnish the world with the largest por
don 81 both silver and gold. and our exports
command the best money 81 the world. ~ they
ever should do. and will, unless we bind our
selves 10 accept OF q poorer. We nes-l not ap-
pear anywhere a. supplcants when We clearly
may be the contractors. some or the Euro
pcan nations whose concurrent action il nccce-
sary "a any result that II sought. DO not yet
appear ready 70 accept Limitation. and when
ready they may ask for a ratio that win be H.
v.s,. w s,I,.r ,..lo,r ~. standard ~ an COIN
fnt'o y r's'f p''"~ ~ r,'.'a''u n ~. e
nke. lne 'noSs Po ~ 1870. $500 $3.50. "
NATIONS xxould anpcar - 10 FOR the ..ited
$500. y. ,'.-''ss 49, ~. ,.-.s<... ,,.s ,.,.~
y silvcr da,is,. Iti. shcrrfore recon- W. memo
ed that provision for the coinage ~ flxcd
amount ssch month IL rcpea;cd. ma the SEQ
u. .,,,r,,. y, i,, .,,s ~ ,,,.h 4.
te.n.s ~ "''n1 go - s','' v'''s ~ n''e.
will be necessary % supply the DEMAND
1.-THE revenue from customs for the part
fiscal year vas tlss,I'e,s7s.o', n Increase q
S.i,'''''i'f- 'se' -. - ~. f',N,,''.t s.r'.
Or the amount Collected <lr,Sru&-1 wns
collected 81 the port of New YORK. leaving
..~- 49,. ~ Nv. ...~ -.,.' r.,. ~--..~. -
otner po1t- ~ US cvuh'ts' in' oNP.. .~ =,
collection for the past year were <c,tis.ytSUr
an Increase over the preceding year OF <:E7.-
l1OO, while there was an increase IN the rev.
- -- z-. - - ..., ....,,..,- .....- -
enne Ir"n customs oscr ~ P'es's>''"k st's ~
over til.a0vn
There was decrease IN the value ~ I'm
sorts amounting ~ over &2s OOnm mnnufact-
49,, , , - ~, M, ,.... .h,r.,, -
49," ~'r'' 49, 7'''"f "'''- - ''e'-
most Of this decrease
REDUCTION on TAXATION.
1 Tbc rcr,ort declares that an EQUALIZATION ara
..--uc. ..t,.. ~ ~. t.~,e I. $1,000 1,,<s
e'' P''e.'''''' y. - - :, 80 '7.'t. -
leaves the me'noa nn' oekrse NJ 'onkreu
/ without recommendation. The question rf
| dIsposnR III the surplus Government rcycnp-s
..,...s y. i.. -,....I ~ It....1.,,.< ~ 49, $3.50,