Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1885-12-17


should be made In our customs revenues. The
amount OF such reduction having been deter
mined, the inquiry follows what can DO best rene
DIED ana what articles can be best released from
duty 10 the interests OF our ctizeus
think the reduction should be ma 3e in the
revenue derived from a tax upon the imported
utcessaries OF life. We thus directly lesp the
cost OF living in every family OF the land aud
lease 70 the people OF every humble nome a
larger measure or the rewards OF frugal indus
NY.
TEE TREASURY CONDITION
The condition In which our Treasury NAV be
placed by a persistence In our present course is q
matter OF concern 70 every patriotic citizen Who
such Of its obligations az should be paid On gold.
Nor should our condition be such as to obge US
in prudent management Of our affairs 10 dis
continue the cali in and payment OF interest
bearing obligations which we have the right now
70 discharge and thus avoid the payment Of
further interest thereon.
NATIONAL BANKS
During the year ended Nov 1st 1856 rs ma.
honal banks were organized. with an aggregate
capital OF SIG 935 and circulating notes have 6teu
issued to them amounting 10 Sl274. 90 1hr
WHOLE number II these banks in existence on The
day above mentioned war 2,727
Tho very limited amount of circulating notes
issued by our national banks compared with 4 h..
amount the law permits them to issue upon de-
pOst OF bonds for their redemption indicates
that the volume OF our circulating medium may
bq largely increased through this Instrumental
ity.
TIE SILVER DOLLAR.
Nothing more important than the present con
diton OF our currency and coinage can ella IN
your attention. Since February 1878 the govern
ment has under the compulsory provisions of law
purchased silver bullion and coined the same at
the rate OF more than two millions OF do l4rs
every month. BY this process up to the present
date 2l5, 9,43i silver dollars have been coined
reasonable appreciation of q delegation OF
power TO the general government would limit its
exercise without express restrictive words, 20 the
peoples needs and the requirements OF the pub
lie welfare. Upon this theory the authority 10
coin money given to congress by the constitution
II u permits the purchase by the government OF
bullion FOR coinage in any event does not justify
SUCK pnrchase and coinage 10 an extent beyond
the amount needed for sufficient circuls ing
medium. The desire to utilize the silver pod dct
OF The country should not lead to misuse or the
perversion OF this power.
The necessity for such an addition 70 the silver
currency OF the nation, as is compelled by the
silver coinage act, is negatived by the fact that
hp TO the present time only about fifty millions uf
silver dollars 80 coined have actually found their
way into circulation, leaving more than one hun.
dred and sixty five millions in possessiOnut the
goyerument. the custody Of which has en ai,- a.
considerable expenses Tor the cons luc,iuu ~
vaults for its deposit. Against This at y an unit
there Is outstanding silver certificates umuuutius
to about 800 00000O
T1MID CAPITAL.
Capital timidly shuus free trade end investors
are unwilling 10 take the chance Of the question
able shape In which the money VIII be returned
TO them, while enterprise halts at risk against
which care and sagacOus management do not
protect AS a necessary consequence labor lacks
employment and suffering and distress Wis
tied upon portion OF our fellow citizens espec-
tally entitled to the careful consideration Of those
charged with the duties Of legislation. No inter-
est appeals 10 us so strongly for safe and stable
currency, as the vast army Of the employed.
/ RECOMMEND THE SUSPENSION OF THE coNPUL-
sorry COINAGE OF SILVER
IL
WAR DEPARTMENT.
The report Of the secretary Of war is herewith
submitted. The attention of congress is invited
to the detailed account which it contains OF the
administration Of its department and his recon-
mendattons and suggestions for the improvement
Of the same.
THE ARMY
consisted at the rate of the last consolidated re
turns Of 2l5l officers and 2ii05 enlisted men,
The expenses of the department for the fiscal
year ending June 80, 1885, including St2 lGl3iLG0
for public works and river and har--r improve
mentS, war, and Si5,S $50 9995i Best the troops
which We're despatched in pursuit of the small
bands of Indians which left their reservation N
Arizona and committed murder and outTnges,
two regiments of cavalry and one of .i-fertry
sent last July to the Indian territory to Era
vent au outbreak which seemed imminent, there
remained to aid. if necessary, in the expulsion OF
iutTuders upon the reservation who seemed TO
cause the discomfort among the Indians; but the
executive proclamation warning them 20 remove
was complied with without interference
Troops were also sent TO Rock Springs, 10
Wyoming Territory, after the massacre OF
Chinese there, 10 prevent further disturbance,
and afterwards 10 Seattle, in Washington Terri
tory, TO avert a threatened attack upon Chinese
laborers and domestic violence. There, in both
cases, The mere presence of the troops lad the
desired effect IL appears that the number Of
assertions have diminished but that during the
last fiscal year they numbered o27, and one in.
stance is given by the Lieutenant General, Of six
assertions 10y the same recruits. am convinced
that this number of desertions can be much di-
miuished by better discipline and treatment, but
the punishment should be increased for repeated
offences
These desertons might also be reduced by les
SEEMING the term of the first enlistments, thus al
lowing a dscoutented recruit to contemplate
nearer discharge and the army prof. bic rid
dance after one term OF service. A enlistment
would be quite apt 10 secure contented recruits
and good soldiers.
TaE NAVY.