The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-09

the general appropriation Of the act of Feb o. 1873
were 81. 261, 6O1.29. Adding the cost of acid re-
hneries C$21O. 654.44} at the coinage minis and at
at the assay Office at New York together with the
cost of distribution of coin, ($79, SO6.69), and
technical losses makes the total expenses and losses
of all kinds 81, 5S5, 25677.
the Director of the Mint to have yielded during the
calendar year 1884 precious metals valued at $79,-
SILVER o as s sod doS $50
The estimated amount of gold and silver coin in the
Uni United States the Both of June 1885, $500
coin, and $27s, 600, 600 of silver coin.
In addition to the coin in the country there was in
the mints and assay Offices at the date gold and
silver bullion of the value of $71 sol, 6S2. Thus
the entire stock of coin and bullion available for coin
600
Since March 1, 1885 the number of persons en-
poyed in the Bureau of Engraving and Printing has
been reduced from /. las, to $50. In the time
its expenses have been reduced at the rate of more
than $40, 600 year without in any degree impair
ing its productive capacity. This has been accom-
plshed by revising and simplifying its methods Of
eight hours day as required BY law. and by dis
charging inefficient and superfuous employees:
During the year ending Nov. 1, 1885, las banks
have been organized with an aggregate capital Of
SIG 1888 900. Circulating notes have been issued to
these new associations amounting to $427491O
These banks are located by geographical divisions as
400 O0O Middle States, 20, with capital of So, $685.
OOO Southern States q, with capitalof $2 425 OOO
Western States rs, with capital Of So az Az 600
tories, Is. with capital of 81 ,O2O, 900.
Since the establishment of the national banking
system on Feb %, 1868, there have been organized
3, 4O6 national banks OF these 432 have gone into
voluntary liquidation for the purpose of winding up
their AFFAIRS 70 have gone into voluntary liquidation
for the purpose of reorganization; Cd are in quda-
ton by expiration of their charter, of which
number 80 have been reorganized and 1O4 have been
placed in the hands of receivers for the purpose Of
closing up their affairs leaving the total number in
existence 2 727 Nov. 1, 1885 which is the larg-
est number that has been in operation at any one
time.
The necessity for a general statute of limitati on
upon the presentation of demands against the United
States, becomes every year more apparent.
The policy OF all enlightened nations protects the
individual against demands set under of OBJ
security created by lapse of time. But the govern
ment has even need of such protection Usually
the individual has such personal knowledge OF Lis
business will warn him against unjust claims and
guide him to the evidence which may protect him,
The vast business of the government is carried on
entirely through agents. and many tend to pro-
ex-offcer be reached his memory is likely to be
imperfect in respect to long past transaction
which was only one among great number within his
supervision and many exoicers, in view of the mui-
titude of inquiries addressed them, have been com.
PEELED to decline the unremunerated task OF researches
in their retained papers.
The government is debtor always to be found, and
ready to pay its debts; and long delay ought to
raise presumption readily in its favor in favor
of an individual, against the justice of demand
The Secretary then concludes with detailed recital
larities he unearthed and the improved methods he
recommends.