Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-11-11
1HE NATIONAL CAPITAL,
MORE ABOUT WINDOWS MANAGE-
MENT OF THE TREASURY.
ing Scheme-The Proposed Garfield Me-
mortal Hospital, Etc.

dom's refunding operations are entirely COM
| pleted, the few remaining suspended cases
having been disposed of. The total of bonds
continued at 81 per cent. is $579, $3.50, ,050, and
the total cost to the government about $10,-
600, nearly $4,000 being for paper and printing
bonds, and for all other expenses, in
cluding the expenses of making exchanges of
about S45, 100000 of bonds IN London. This
makes the expense of continuing each 81 ,000,-
600 of bonds about S17.81. Mr.. Win
dom says his refunding operations result In
much greater saving to the government than
would have been effected by the refundlng
measures of the last congress for the follow
ing reasons: The bill passed by congress ap-
propriated one quarter OF per cent. for ex-
penses OF refunding, which would have
sm9u9tsa sss sssa $1,000 es bis Dan against
part Of the refunding measures
Of congress, and in order to induce the banks
to accept 8 per cent. bonds; bill passed the
senate unanimously repeating the tax on bank
deposits, which would have reduced the an
nual revenues of the government 1855, 1856,
as shown by receipts of 1880. The house
commit ittee on ways and means of the last con-
gress, for like reasons reported favorably
bill repeating the tax on bank deposits, and
also the two cent stamp tax on bank checks,
drafts and orders, amounting in the aggregate
to S8,676, $780, This sum, added to the
X per cent. for expenses of the
3 per cent refunding measure amounts to
$40, ,125, 500. The difference in interest between
a 81 and per cent. bond or the entire
amount of bonds refunded is $2,897 800 per
annum, which, deducted from the total of
$40, ,125, 500, as above stated, shows an advant-
age to the government for the first year of
81, ,227, ,799, by Secretary Windom's operations,
over the refunding measures proposed by the
last congress- and as it was proposed by the
house committee on ways and means to reduce
the annual revenues derived from banks SS,-
G76, ,699, in order to induce the banks to take
per. cent. bonds, the 3H per cent. plan of
Secretary Window shows permanent advan-
tage OF S5,777,S ,S97 per annum to the govern
ment over the measures proposed by the ways
and means committee of the last house of rep
resentatives. Another advantage of this meas
ure over that proposed by congress, is that the
loan is payable at the discretion of the gov
ernment, and hence, may be paid at any time
the government has funds, whether 1t be this
year or 100 years hence.
CHRIsTIANCY ON THE STAND.
Ex.Minister Christlancy to-day testified In
his own behalf in the divorce suit brought by
him against his wife,, He said he never knew
Giro and was not aware that Giro had testified
in the case until month after his deposition
was taken. He was perfectly familiar with
the hand writing of his wife. After examin-
ing, carefully, letters submitted, Christiancy
SAID he was confident all of them had been
written by Mrs. Christiancy.
GARFIELD MEMORIAL HOSPITAL.
The Garfield Memorial Hospital committee
report that 10000 circulars have been mailed
to various points in the country, setting forth
the purposes of the committee, and asking for
contributions. Secretary Blaine had sent
copies of this appeal to i'm
portant consulates abroad, and in
tended, upon his return to Washington,
to supplement those with personal note to
consular offices requesting them to bring the
matter to the attention of the court to which
they were accredited. Arrangements were
perfected for the organization of auxiliary
commissioners in the large cities Throughout.
subscriptions. Contributions amounting to
81 200 from a number Of prominent citizens of
Washington are reported.
NO PAY IN ADVANCE.
A decision of First Auditor Reynolds and
First Comptroller Lawrence, that service to
the government cannot properly be paid for
in advance, was rendered in answer to a re-
quest of the attorneys engaged in prosecuting
the star route cases for retainers. All these
attorneys, it is said, made demand for part
of their pay.
BULLION PURCHASED.
WASHINGTON, Nov. 10.--The treasury de-
partment to-day purchased 250,000 ounces of
fine silver for delivery at the Philadelphia,
New Orleans and San Francisco mints.