New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-12-02

silycr certificates This IL matter 10 Wh'ch III
former communications ] have more IMAM once III
vokcJ the attention of tho National Legislature. ~
appears that annually Tor the pnHt ak yenIs ,,'
have been coined IN c9'nrlianSv wv Wv, no, ,hnn
,,nnty.scyeu million silver donfa. lie hnin'wr
now outstanding In reported 10y inc So'fotail !" wv
nearly ono hundred am ,ors ~, "s,
,Lnn ,,,, nor cent ata IN actual circulation. Inc
Nero existence oi this Tact s,'mn '" mo w ih,"'
OF sclt coscnl atsn'sn' 'v' ,s 49, rn'1,,n W I'm"
,ha,n mn, othcr aud ginycf considerations thai lrhd
IN tho same direction Tho secretary hNowH h'
rony lotion that unless this coihhgo anu 'ho hAnnl"
~ syny r,rtincntes bo suspended silver In likely
nj no distant day IT, become our solo hi',hluo
standard Tie commercial disturbance, ana inc
impairmont of National credit lhht W"ulu po mus
ocrasioncd can scarcely he oVcrostlhate0' .
hone that the Secretary's suggestions respecting
the withdrawal from circulation Oh III" ohe-u"l'"'
and two-dolar notes Will receive your nPP'u1' ~,
II j. likely that n considerable portion OF The silver
now cncuInberng the vaults OF the treasury might
thus find its way into the currency: ,. .
While trade dollars have ceased LOT Tue Picsh' d.
cost to he an element of active disturbance II our
currency system, provision sllcud pe a'.c ~,
their surrender TO the Government. III we" ~ ,n
circumstances under which they, were comet an.
of tLc fact that they have never had legaIteh
quality there should he offered i3r thch GUY I"
slight advance over their bullion Saiuc' -
The Secretary, in the course Oi MS report con-
siJcrs the proprlety of bcautiying the designs OF our
subsidiary silver coins and oi so increasing tlc,l
,veiUht that they NAV bear lntlI uhr ihNio "a ,""
10 the standard dollar III, cohciusioh' /" 'ii''
gard are cordially approved.
THE INTERNAL REvENUSE
In nv annual message OF 49, recommends"
the abolition oil all excise taxes except thoSe to
ating 70 distilled spirits. This recommendation ~
no,y renewed If these taxes shall he aDoiishod'
tle revenues that will stli remain to the Govern
mcnt will. in my opinion. not only suffice to meet
its reasonable expenditures, but will afford sur
1. . patlT 81 :
plus large enough to permit such tail 40 40
NAV seem to he advisable when the results 9i
recent revenue laws and CONNIE cial r'd'cS Sn'i'
have shown in what quarters those reductions can
be most judicouSiy effected.
FOREIGN TRADE.
O,o If fine gravcst of the problems which appeal
70 the wisdom of Congress for solution Is the
ascertainment of the most effective mears for IN
crcos,nr our foreign trade and thus relieving the
dcnrcsslon under which our industries are now
,onouisbnp. The Secretary of the Treasury advises
that the duty of investigating tins subject ne III
trusted IN the first instance TO competent com
mission While fully recognizing the cohSIucia-
tions that NAV be urged against TINS course ain
nevertheless of the opinion that upon the wll"ic I'D
other would be likely To effect specder or pc'l'I
suits That portion of the Secretary report Nh'Vh
concerns the condition of our shipping interests
cannot fail to command your attention. ne III FL
phatically recommends that as an incentive =" Wv
investment of American capital III American Sl''i-
Sims the Government shall by liberal pay lhrhls
for mail transportation or otherwise lehu u dc'i
assistance To indy dual enterprise ana uc''diG Hl
belief that unless that course be pllSucu ouI
forripn carving trade must remain, aS II - To-Day
almost exclusively in the hands oi loIciAhcrS OH'
phase of tins subject Is now espccla,iy proHlI,cI,
In view of the repeal by the act OF June -", -
mi all statutory prov siOns arbitrarily competing
American vessels to carry the mails 10 ana nom ne
United states A. 1t Is necr'stiy 10 mas ' S r
TO compensate the owners OF such vessels Tor per,
forming that service after April. $50, II Is hoPe
that the whoe subject viii receive early consl"ei
tion that will lead to tie enact mt OF sucl
measures for the revival OF out merchant MARINE IL
the wisdom of Congress may devise
REDEMPTION OF GoVErNNFNT bonds.
The three per cent bonds OF the Government to the
amount of more than 500, ODu,00O have. since my
last annual message been redeemed by the
Treasury. The bonds OF that issue still outStand-
ing amount TO little over S2OOOOO ,OtO, about one
fourth of which will be retired through the opera
tions OF the Sinking Fund during the CONNIE year.
A. these bond. still constitute the Chief basis Tor
Tie circulation ol the National Banks tie question
how to avert the contraction of the currency
c,t.pd by their retirement IL one OF constantly
increasing importance. II seems 10 be generally
conceded that the law governing TINS matter cxact
from the banks excessive security, AMI that upon
eii present bond aelq,its iaigr i,{.t
horr that the hill which passed the ScnAie - ~
last session, permitting the issue ~ ms rlual ~
ttslf rs The approval 0i thr House 0i ierte,rnta
titts.
VAR brttttNrSt Ntiirrs.
~ tm tsrtnsps ~ it WAT Department. 'it
cnlia,t ,tuNiis trtitisp ~ NUir tNan fllNn
NM ~ ,his ,piNriiNH 77.pli'iliW NHs tNtttIl !"
ibr expenditures Nf ftr'a a"N hs'iN's H"'
49, Tun Olu ~ tNrfUillNiNe lNi 't '}HN 'n'hiNo''
urua,tmrat Nu,siif pi shat department lii
annual "a pcIisna VI al iht AMY hnlttHo iiiiW 49,
cent puss,hiY thr iiliuauir buinIn a'n sun
sIutiIIi, liked charges hich cannot hc WJt, rally
diminished without - rhau@r lh vac numerical
stIcugih Oi the Army lhr rhpruuiluIt5 ll lh'
Quaricrmaster's department can readily ice sub
i,ctcd To administrative discretion, aud II l. rr'
ported by the secretary oi War that ~ result ol
exercising such discretion. ~ REDUCING the number
OF drdught aud pack animals ia thc Army the AN
mai cost Of supplying and caring Tor such animals
Is now ri IOS, Osj 80 less than II was ~ So.
The TepGrts of military commanders show that
the last has been notable luf t0 tnlfe freedom
from Indian outbreaks. In defiance OF the PIcsl
dents proclamation of July l. 1851, certain in
| triders sought 10 make settlements M the Indian
| Territory. They were promptly removed by do
| tachmcut of troops.
During the past session of Congress n bill TO pro
| vide suitable irc.prOOi building Tor the Army
| Medical Museum and the Library of the Surgeon
Generals oil received the approval of the Senate
| similar bill. reported iavoraby 10 the House o
| Representatives 10y one OF ITS committees, ~ ~
pending before that body IL Is hoped that during
| The coming session the measure may become a law
and that thereafter Immediate steps may bc tahci
10 secure place of safe deposit for these Vauabl,
| collections now IN state OF insecurity.
nARBoE IMPROVEMENT AID Offences.
| The funds with which the works for the improve
incnt of rivers and harbors we're prosecuted durln.
| the past year were derived from the appropriations
| of the act of August =. l-s2 together with sucl
| few balances as on hand from previous appro
priations. The balance in the Treasury subject t,
| requsition July !, 1SS3 was T10u2l.G1o %
| The amount appropriated during the fiscal yea
| 1851 was $l.3l9G3l 90, ana the amount draw
! fromthe Treasury durngthe fiscal wear -, 22s.
7O3 81. leaving balance OF S3,l 1850 G3 in til,
Treasury subject to reqnistlon July !. 1854.
| The secretary of War submits the report Of The
Chief OF Engineers AS to the praCtcablIty of pro
tcctng our important cities on the scaboard 10y
| fortfcatious and other dcicnccs able to rcpc
| modern methods of attack The time has now
| come W hen such deiences can be prepared with con
tdence that they Will not prove abOruye; and WhcI
the poss BILE result OF delay III making such prepare
| ton is seriously considered, delay seems mex
cusabe. For the most important cities, thos