The times. (Owosso, Mich.) 1882-1897, 1882-12-01

only be obtained by depositine their Ia,
value IN s sc .a ~v vrcssgry, Fortunately
tho .clearllg.houses of. philadelphia and
Baltimore have asked huf 4 new Kind of
, sa, sstsi{sn ,S one essyys sNs t ,s.e
requires the government 10 keep the gold
and TO be responsible FOR the certificates
and their presentation BY the proper par.
ties.
PRINTING AND ENGRAVING REPORT.
The annual report of Col. Irish, chief OF
the bureau of printing and engraving, shows
that during the year there were completed
and delivered 7,64l, los sheets Of votes and
securities Of the face value Of SS09, S57, TOO;
"a, s5l, $50 sheets of internal revenue and
customs cigar stamps, containing 987, OBJ, l58
stamps and GAG, 9l9 sheets OF checks, drafts,
etc. The aggregate expenditures for the
year were s93S, 75a OF this amount there
was expended In the execution of the work
of the various bureaus of the treasury de-
partment and other departments, and reim-
bursed by them from the proper appr0pria-
tiOns under their control, S5SS, $50. The ag-
gregate expenditures of the year over that
of the preceding year, deducting from the
expenditures Of that year the amounts paid
for paper and expenses thereon, which this
year were paid from separate appropria-
ton, was little less than IL per cent. The
increase In deliveries was little over 20
per cent, and the increase In the number
VI OHDlOlCo dDOub ~ pei CClt. AZ tllc ClOoC
OF the year the regular force of the bureau
consisted of about one thousand employees.
PUBLIC LANDS.
In deciding the case of Sipchen VS.. Ross,
the interior department held that public
land which had been reduced In price to
$1.25 must be offered at public auction ut
that rate before being open to presumption.
The decision Is applied principally to the
valuable iron lands In Michigan, within the
granted limits of the Marquette and State
Line railroad and joint limits of that road,
upon which number of presumption entries
had been made before the land was offered
at a reduced rate. 1t now appears the de-
tiers in that section, of which spectators
were quick to avail themselves. Upon
these representations, and i'm consideration
of the fact that the bill is pending before
congress to rectify the defect in these en-
tries, the secretary Of the interior has di-
office to suspend action in all cases similar
to that of Sipchen V. Ross, and properly
notify the receivers and registers.
PROPOSED EXTENSION OF THE PRINTING
BUREAU.
1t is reported that Public Printer Rounds
proposes to recommend to congress the eS-
tablishment, in connection with the govern
ment printing office, of an engraving and
tO-lthOgraphing establishment. Many
of the large publications of the government
nowadays contain many illustrations. These
illustrations are sent down to the printing
Office with manuscript and the public print.
er Is expected to have them in the books
when they are published. But he has nc
facilities for the purpose and has to give
such work by contract to private firms. The
public printer Is said to believe that he
could do the work himself, if congress
would give him proper means, more quick.
ly and more cheaply than private, contract
Ia nj IL hnf n.
times he is obliged to delay book because
the illustrations are not forthcoming and
that, when they are received, they have
cost him more than he thinks they are
worth.
THE MISSISSIPPI.
The Mississippi river commission will be
In session here next week, at the room OF
the house committee on territories. Mr..
Burrows, the chairman, and Mr.. Hiscock
arrived Wednesday. Mr.. Hazleton is here
fnd tine se Sfeas % h sa to sa e
viewing process, but after talking with
them it is neither wild nor unreasonable to
predict that there will be ma 0rity report
against the adoption Of the plan of the Mis-
sissippi river commission. 1t is tolerably
clear that these northern men who went
down there and looked the land and water
over do not believe that they can be kept
from occasional disastrous conflicts by any
thing the hand of man can do. They dOnot
believe, If one may venture to guess at their
views, in spending three or four, hundred
millions OH theory, with some doubts at
the outset as to whether the levee plan can
ever be made effective. The hearing OF
statements will be continued, and river men
will be summoned before the committee
Carlisle, Of Kentucky, Is in an uncomforta-
BILE fix on this committee. Everything he has
ever said about the Mississippi river inn
provements has put him on the side Of the
majority, supposing the ma ority will report
against the levee plan, but there are all the
valley democrats and the Texas men, over
sixty, votes in all, favoring the plan of the
the minority, thus going back on his previ-
ously expressed opinions, the chances are
that he would find rs bad a setback In other
quarters. Looking at the matter all around
1t may be said that it was decidedly unfOr-
tunate for Carlisle that he was put on that
committee.
FoLGER's BOND CALLS.
Secretary Folger's efforts to relieve the
New York money market, though heroic,
are futile. Not satisfied with offering to
redeem $40, DOC, 900 week Of $50, 600, 900 of
bonds under the last three calls without re-
bate of interest, he Immediately thereafter
offered to redeem 100000 of uncalled
bonds at sight without rebate. These un-
usual measures were predlcated on an al
leBeu great SlTlllSeHcy III TIC New lOTh
money market, the secretary's theory being
that the bondholders in New York were eX-
tremely anxious to realize on their bonds,
and that the commercial interests Of the
country imperatively demanded that they
should be induced to do so. And yet under
the secretary's last offer only about 81, 000,
600 of bonds have been surrendered. This
looks as though the stringency had been
greatly exaggerated. Officials who have
been in the treasury good deal longer
than Judge FOlger. and whose minds are
not so oppressed as his with the vast i'm
portance of the New York stock board,
speak contemptuously of the scare success
fully gotten up in New York, and say that
these stringencies are generally very much
exaggerated. One reason for this is that
it Is the people who want money easier
who make the appeals to the treasury. The
action of the secretary of the treasury this
time was based on the widest kind Of tele-
grams from some prominent operators to
whom 1t was very important that prices
should advance. As the secretary has thus
far been only partially successful in get
ting people to give up their bonds and take
money, Il remains to be seen what induce
ments he will next offer to persuade the