Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-08
WASHINGTON.
EXPECTING MAIL DELTFERY 1T
THE LARGE CITIES.
A Report on Postal Affairs in Foreign
Parts--The Redemption of the Three
Per Cent. Bonds
Especial telegram to the Globe. l

Especial telegram to the Globe.
WASHINGTON, Oct. THE postotfice de-
partment has commenced to extend the
separation of mail matter for large cities
on the various railway postal trains, with a
view to having careful separation made
for all the large postofices in the country.
The separation generally is for postmaster
generals Office lock boxes, banks and bank
ers and each of the various sub-stations Of
the postofice. The latest service in this
direction was on some of the trains run
ming into Philadelphia, and the postmas-
ter was so well pleased with it as to have
asked the department to have it placed on
all trains. It is believed at the depart
ment that so soon as the Philadelphia
postoffice is moved to Ninth
and Chestnut streets and the
Pennsylvania railroad furnishes the
facilities at the Broad street station which
it promises to do for handling mail matter,
mails will have to be closed for trains on
the Pennsylvania railroad only fifteen
minutes before the leaving time of trains,
and that letters separated on trains and
marked for lock boxes can reach the lock
boxes in fifteen minutes after the arrival
of the train at the station.
THE PosToFFICE BOOKKEEPING.
James t. Smith, chief bookkeeper of
the sixth auditors office of the postofice
department., has returned from Europe,
where he inspected the system of book
k 'eping in operation in the postoffices of
the several European countries, and will
embrace the result of his observation in a
report to the secretary of the treasury
which he will make in short time.
COREA.
voluminous report on Corea, its his
tory, government, industries and social
condition of its people, has just been re
ceived at the state department from Mr.
Lucius Fl. Foote, our new minister to that
country. Mr.. Foote says since 1886 Corea
has enjoyed profound peace, and it has
been her policy not to excite hostilities
with her neighbors. To that end the
working of gold and silver mines has been
prohibited, lest the discovery of these
precious meta should attract the lust OF
other nations. Unfortunately this policy
of seclusion has impoverished her people
and left the country stsgnant.
NATIONAL BANK CIRCULATION.
Judge Payson says it will be of no use
for Com ptroller Knox to renew his recon-
me1dation that provision for the main
tenance of the national bank circulation
be made by redeeming the per cents. at
premium of IS per cent. and the price
in their place of long per ctnts. Con-
gress will mover consent to redeem any
BONDS at a premium. His idea is that as
the government is not now under the ne
cessity of creating q market for its bonds
it mas no need OF the NATIONAL banks and
that If paper curaency equally good
can be provided to take the place of ma
tional bank notes, the national
banking system should be allowed to die
o1t by degrees. Such currency as is desired,
he thinks, can be provided by authorizing
the issue of certificates on the deposit of
bullion of the standard fneness. OF
course this involves the question of BIZ
metalism, but he believes that this country
is certain to adhere to silver as metal for
coin for the present generation and the
next. He assumes that the country will
not demonetize silver again, and that the
people expect in some portions of the
south where jingle currency is preferred
do not want to handle anything but paper
money, always assuming that paper money
is good. These proposed certificates of
the deposit of either precious metal
would be perfectly secured, and there
would be dollars worth of gold or silver
for every paper promise to pay dollar.
The public convenience would be served,
for they would obviate the necessity of
handling coin would be a saving in the
cost of coinage. For purposes of export
mint bars are if anything little better
than coin, SO that the mint might almost
be dispend with. Judge Payson thinks
coin certificates would be abundant enough
to replace national bank notes and the re-
duction would be gradual one. This
plan could not be objected to by hard
mo0ey men nor those who object to a
further issue of credit currency by the
government. At the same time it couldn't
fail 10 meet the approval of the opponents
OF the National banks and every cham pion
of silver would favor it.