The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1884-12-11

Domestic merchandise $724 ,764, ,s52
Foreign merchandise. ........s.--... l2s5AS,t5f |
Total merchandise. $40 O5lS,6o9 |
6fl85r5sS
Total exports of merchandise and
specie. Ssuf 5b4b,Sdz /
The cotton and cotton manufactures in |
900 4I5 the bIeadstuffs at Sl62 7I5, the proVi
siOns at SI4,A6,5F and the mineral oil at |
during the same period the imports were
as follows:
Merchandise. $685., ,69l ,69S , |
Gold and silver. er.ss..s.s.............. S1,42e,262
Total .$7O5, ,l28 ,95s
More than 81 per cent. of the entire value
of imported merchandise consisted of the
following articles: - -. -,
Sugar and Afolasses. sos, ,Ss4 274
Wool and Wooden manufactures. 53,5422H
Silk and its manufactures. s......-...- 49,949 IL
IRON and Steel and manufactures
thereof. 4I,464,9g5
Chemicals. 3o,4b4,5oa
Flax, Hemp, Jute and like sub
stances and manufactures thereof 81, ,463 y39s
Cotton and manufactures OF cotton 30,454,476
Hides and skins other than Fur 1900.
Skins. .s.4.s..s.............s..'. zzsboOs5W
SILVER DOLLARS AND CERTIFICATES.
/ concur with the Secretary of the Treas
ury in recommending the immediate susren-
sion OF the coinage of silver dollars and oi
the Issuance OF SILVER certllcates. rms Is a
matter to which in former communications
have more than once invokedt the attention OF
the National Legislature. 1t appears that
annually for the past six years there have
been coined in compliance with the require
| ments of the act of FEBRUARY 2sth, l5ls, more
| than twenty seven million silver dollars. The
| number now outstanding is reported by the
/ Secretary to be nearly lS5,O00,OOO, WHEREOF
| but little more than 4O,O0OOO0, or less than
/ twenty-five per cent, are in actual circula-
/ tiOn. The mere existence of this fact seems
| to me to furnish of itself a cogent argu-
/ ment for the repeal of the statute which
/ has made such fact possible, but there
are other and graver considerations that
/ tend in the same direction. The Secretary
! avows his conviction that unless this coin
age and issuance OF silver certificates be
suspended, silver is likely at no dis
tant day to become our sole metallic
| standard The commercial disturbance
| and the impairment of National credit that
| would be thus occasioned can scarcely be
| overestirnated. / hope that the Secretary's
| suggestions respecting the withdrawal from
votr annroVaI II is iiIeIv tbat a consfdera-
| Bile portion of the silver now in the vaults Of
the Treasury might find its way into cur
reney.
TRADE DOLLARS.
! While trade dollars have ceased, for the
/ present at least, to be an clement OF active
/ disturbance in our currency system, some
i provision should be made for their surrender
/ to the Governments. In view OF the clrcum,
stances under which Fhey were coined and
! Of tEe fact that they have never had a legal
/ tender quality, there should be offered for
| them only slight advance over their bullion
| value The Secretary, in the course of his
report, considers the propriety Of beautify-
and of so increasing their weight that they
may bear their due ratio OF value TO the
standard dollar, His conclusions IN TINS re-
| gard are cordially approved.
EXCISE TAXES.
In my annual message of 1882 / recon-
| mended the abolition of all excise taxes ex-
cept those relating TO distilled Spirits. InlB
Recommendation Is now renewed. In case
| that will still remain to the Government
| Will, in my opinion, not only suffice to meet
| its reasonable expenditures, Dut VIII 4Hord y
| surplus large enough 70 pernit snch tarlH
| reduction as may seem to be advisable when
| the results OF the recent revenue laws ana
commercial treaties snail nave SHOWN IN
| what quarters these reductions can be most
judiciously effected.
| FOREIGN TRADE.
One of the gravest of the problems which
| appeal to the wisdom of Congress for solu-
! tfon is the ascertainment of the most enec-
I tive means of increasing our foreign trade,
| and thus relieving the depression under
| which industries are now languishing
| The Secretary of the Treasury advises that
| the duty of Investigating this subject be in
| trusted in the first instance to a competent
| considerations that may be urged against
this course, am nevertheless of the opinion
| that upon the whole no other would be likely
TO effect speedier or better results.
sHIPPING INTERESTS.
That portion of the secretary's report
which concerns the condition OF our ship
ping interests not fail to command your
attention. He emphatically recommends
that as Incentive to the investment OF
| American capital in American steamships,
the Government shall, by liberal payments
for mall transportation or otherwise lend is
active assistance to individual enterprise,
and declares his belief that unless that course
be pursued our foreign carrying trade must
| the hands of foreigners. One phase of this
subject Is now especially prominent, IN view
all the saIutory provisions arbitrarily com
pelliDg American vessels 70 carry the mails
essary to make provision to compensate the
owners of such vessels for performing tnat
service after April, 1885, 1t is hoped that the
whole subject will receive early cOnsdera-
ton that will lead TO the enactment OF such
measures for the revival OF our merch9nt
marine the wisdom Of Congress may de-
wise.
CIRCULATION OF NATIONAL BANKS.
The three per cent. bonds of the Govern
ment to the amount of more than Sl00,00O,OOO
have, since my last annual message, been re-
deemed by the Treasury. The bonds OF thaJ
issue still outstanding amount to little over
S200, 200 900, about One-fOurth of which VIII be
/ retired through the operations OF the sinking
fund during the coming year: As these
! bonds still continue the chleI basis ior tne
| circulation Of the National Banks, the queS
| fion how to avert the contraction of the cur
| rency caused by their retirement Is one OF
| constantly increasing Importance
THE WAR DEPARTMENT.
In the expense of the War Department the
Secretary reports decrease OF more than
So 100000, Of which reduction $5,b00oOO was eI-
fected in the expenditures Tor rivers anu b4r-
bors and s2,7O0,00O in expenditures Tor the
Quarternaster' Departments. outside q
: that department the annual expenses o. az az
the army bureaus proper teXcept possibly
the Ordnace bureau); are supstantIaiIy -. IA ~
? charges which can not be materially dlmin,
: ished without change IN the numeFlcAi
strength OF the army Inc sApe1olt non tuIes al IN =
+ the Quartermaster's Department can readly
J be subjected TO administrative discretion,
) and it is reported by the secretary OF war
: that as a result OF exercising such discretion
: in reducing the number of dTanRht animals
{ / in the army the annual cost OF supplying and
caring for such animals Is now SlslOo, ,0s3gl
8 i less than II was in 1882.
The reports OF the military commanders
2 show that the last year has been notable for
I its entire freedom from Indian outbreaks.
j THE INDIAN TERRITORY RAIDERS.
In defiance of the Presidents proclamation
Of July D, 1884, certain intruders sought tC
Z make settlements IN the Indian Territory
! They were promptly removed by a detach
I Tnent OF troops. During the past session d
= 4 Congress a bill to provide a suitable fre
proof building for the Army Medical Museum
and the library of the Surgeon General
= Office received the approval of the senate.
Z I similar bill reported favorably to the Hous
! ] of Represent atives by one OF It's committee
! I Is still pending before that body. IL Is hopes
! that during the coming session the measur
I | may become law, and immediate steps ma,
ECOHflHssd on fourtA Paae.l