Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1881-12-09


Which was applied as follows:
To the retempti. n Of bonds for
the sinking fund ...-...... 81. 49,. 10. goo w
M fund lO9, COL 05
Loan OF February, ls6I..... AS, 900 90
IO-40's of 1864 .. 9,0l6, $50 90
> Of 1862. ....... 1873, 600 90
) 21s If 1864. "a, 0 10
D. ~ g Of SlSb9 ...-.......... 80, VuU w
Eonsuls Of 1860. ........... !, 49,, 800 W
1850. ........... 93s l9V w
1867 - $50 $50 90
1865 - 33T 400 90
Loan indemnity stock $3.50. 10, 0O0 GU
ST and other notes p.s"a 80. -. is. $50 90
And to the increase Of cash in
the treasury. II 637, o22 SO
Total. $500 .069 4Of9s The requirements OF the
sinking fund Tor the year amounted to SsO-too,-
06i.02, winch sum includes balance of S49,oH,-
1878 net provided for during the previous fiscal
year. The sum Of S74, $50 2Ul.05 applied to
this fund which left deficit of SIC. 2O5 SI3.4.
The increase of the revenues for 1881, over those
OF the previous year was 500 1852 ,90l.l0. 1t is
estimated that the receipts during the
fiscal year will reach $500 600 QUO and the expen
ditures SZ70 900 900, leaving a surplus of $780,,
900 900.
In pursuance of the policy of the government
to maintain silver at or near the gold standard
silver certificates accordingly issued and
made receivable for all customs taxes
and public dues About sixty-six millions
OF them are now outstanding. They formed
unnecessary addition to the paper currency, u
sufficient amount OF which may be readily sup
Piled by the national banks u accord cord
1873 the treasury department has monthly
caused at least two millions in value of silver
bullion To be coined into standard silver dollars.
One hundred and two million of these dollars
have been already coined, while only about
thirty Tour millions are IN circulation FOR the
reasons which ne specifies, | concur IN the Secre-
tarys recommendation that the proylsI.n tor
coinage OF iXpd amount each month be re-
p.aied and that hereafter only SO much De
comes "A shan be necessary Y supply the de-
mand.
GOLD CERTIFICATES.
The secretary advises that the issue of gold
certificates eh,uld not for the u esel be resumed
and suggests that the national banks NAV prop
erly be forbidden by law to retire their currency
except upon liable notice Of their intention
80 IT, do Such legislation would seem to be JUST
fed by the recent action of certain banks the
occasion referred to in the secretary report
OF the SIS 600 900 fractional curr ncy still out
standing only about $50 900 has been re,ieeAed
curing the past year The suggts ion that this
amount may properly be dropped ir IN the future
statements of the public debt seems worthy of
approval. 50 also does the suggestion OF the sec
rotary rs to the ad, isah1ty Of relieving the cal
endar oi the mted States courts IN the southern
district Of New urk, By the transfer 70 another
tribunal Of the numerous suits there pending
against collectors
IMPORTS AND EXPORTS
The value Of the imports q 81
s"'i III ;i w
455.25 Of barley S2l 512 o. and Of steel in bars
Ingots &c Sc 20O 46 Cout,asted With the I'M
nnrts were M tollows. Dum..tic merchandise
Squ $50 80 Al toreign merchandise SIS4 5l3 ~.
total 80 gI3 77346 The im2nts Of merchan
disc wins ST 1876 646 2S the excess IF exports over
imports Of merchandise S597 II. is The
aggregate Of exports over imports was SI54d0.-
1871 Compared with the previous
ypor there was an iuerpas, of S66 53S 6SS in the
,.lu. IN p1r,rts n m.reh,ndi.a and Il d,.crrns.
II So5 9gO ia n th,. Ialns II imnnrfs Tha IN
mai nyera,,,. f in.re,se II i,nnn. r If ,ncrchnn
Size over export. thereof for teI. wears previous
Ia Juue "a lS73 va. SI4 $50 - hnt for th,. Last
.x vear. thor, has hren nm ,.x,ess If evnorts az
;n,,nrts ~ n,,r.b.n,,;s. .,n,u,,tin, II, 81 ia
eEs Inq IL a,,,,I - II ai7 -snI1 NH
s,,., I'm. II ,xnnrts e Im,s,i. ,nerch,,lIisa
wa. 81 .66 IGI ri in IS7O ami s. S3a go n l.,
1871 nm ncreaSa of ~ n73 Ogl II mr. I35 M,
r,nt The vnlua of iu,norts w.s 81 35q
5Si 0s s Is7o mi 81 Tx 616 - ~ 1891
81, ,n.easo II spo6 no 81 u a. ~ eant dnr,n,,
- -, - - Ioeo N,o@n oei'' ,rt 80
ar,' ~ vl ..3a l o.,
eAese''t. ,.e IA,
&. $3.50 = st0u eNto,sS o1er inPuI'a ~
VI ] y, "a Mn y. 800 ! 49,
~ istn ~ ~ ~ ny it, g,i,,'l
~, h r. - on, or ,., ,irr th ls,
g., -,
sot, a. o'ie 'A'e'' VI q "o's
g.
REpEMrrIeS Or FoNps.
: "a we ia-t ahhua, report 2. Tue Ssere.ar
was called 10 the fact that 81 500 $40 50. in ty,
per cent bonds and - 0}5 III. ~ in six ner cent
ana cpn.sres. y,,s n.k4d III auth,njzf III. refund
mn III ~. hnnds II ) I,w.r r,ta NJ i,.tnr
1T The iii Tor sncb rrrunding hayina
failed Ia became n law the secretary Of IN,
treasury in April lust notified the holders of the
! 900 g04. 90 8 per centrum bonds then outstand-
ing that the bonds would be pad 1t par on tie
Ist day If July following and that they might
be lnfinued at the pleasure of the government
to bear interest al the rate of a, per eentum pei
annum. Under this notice 81 $50 55l - of IN,
SIX per eentum bonds were continued at tht
lnwcr rate and SlI6 .35o % were redeemed in tht
month of May. hike notice was given respect
ing the redemption or continuance OF the Sl,'9S,-
4l3 % 6t five per cent. bonds, then
outstanding. and of these 81 0l5 0i9n0 were con
tinued at 81 per cent. per annum and 1888 364 u
Fbrnarr iS,l d IA y III rae W. oI I'm
amounting together to Sal 2i9OO, having ma
t"ren durhS the year the secretary OF 'h'
,hc sa'ht, aha sh'h y nave heeh presented haN'
oe'h l''lh rem lne surplus rv.enue. here naN'
as" been fenesihed ~ par siol ~ oi the thre'
making a total o! bonds redeemed o.
Will nave ceased !" oear ooo interest in! 81
REDUCTION az INTEREST.
Tho rol,etiop ~ 10 animal ;nta.,.t -, -,
In; r. .I-L -. - : !
~ -: - !, ~ " " -
SIo ~, as 81 H., r,,I,i h,,iP =; No
ala ,r..,.1 ! IA 90; 300 j, rL, - a,.
h,,I. b.;,- ,t,,..bl IL III ,,Ioas,,r, ~ IN, ,s
.r,,,,,r, | .,.,;I, li - a., ;,,,.....,,,,',, =
h. -. -;
-. '' ~ i' ''I' ~ " y
80 No. n"n''S -, = teiu"uea ~ d iii4'u
49, u n,ee. 49,. l t'i'1 uVM 80. 's,e 81
49, 'is ss1let"IS y" 'nt stchSrN s'Ide ~ lesls1i
s"h reNl'ee5 lig .he'ii : aesir1oe' y i matter
'"r ''i'al slie BUSINESS u Tue c'uh
, III ~, luz ':' var a
~ SNn' ~ 'aN"''0. q - II su'!'"s e iuS''ie :
'nS S'N,' uiish'' = ~ ~ enue la"s feiiilh "
snalScs M SurPIu7 mus YEAR q year lhcrSaS,
On account % cue Iedietleh OF tue puo'I dSe'
anu Us euf9eh VI interest, ana oeei'use Oh tht
,HP5u luettase VI our P"palHuen. IN
ieoV' iu1 Prior - te institution q
our population but slightly exceeded 80 900 DOC
by the censaS oi iSSO II Is now found to exceed
9VN uuVV. Is estimated that even It the an
nual rocclptS AMI expenditures should continue 4
AZ present lhe entire DEBT c7uid ee PAID in ter
Years
r.Vrs r, ms g., rr,.,,,,
In view however Of the heavy load of