New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-09

nompnlsorily coined. Ii provides that 1.-THE Presl-
dent shall invite the Governments OF the countries
composing the Latin Union, so called, and OF snch
other European nations as he may deem auNlsaple,
to JOIN the United States in conference to adopt
q common ratio between gold and silver loi INC
purpose OF establishing internationally the n-e OF
bInerailiC money and seeming hXuy OF relative
value between these metals. ms coleIo 9td al
sOlutely failed and a similar fate has awaited az
subsequent efforts III the same direction. ana sun
we continue our cOuage OF silver az ratlo dlHeI,
ent from that OF any other nation. Inc lhoSl Eita
mart of the silyeT-cOihage act remains imperative
and unexecuted. and without au aily or Trend we
battle upon the silver field III an Illogical and los
10 give full effect 10 the design of Congress on
this subject have mace careful and earnest en-
de3vof since the adjournment of the last Congress;
10 tins end delegated gentleman well nstTuct@d
in fiscal science to pToceel 10 the financial cen res
of Europe, and, IN conjunction with our Ministers
20 England, France and GERMANY, TO 0Dialh q Iul'
know ledge of the atttuGe and intent OF those 'ioV-
enments IN respect OF the establ Nhinent o. Su, al
international ratio as would procure Tree ColhaE,
Of both me .s at the mlnts OF those countries anu
our own. BY my direction onr conSu. general ~
Paris has given close attention 10 the proceedings
of the congress of the Latin Union, IN oroer 10 IN
dlcatc our interest in It's objects and IepSlt ne
action. 1t may be sand IN prick az 'ne ne o.di
Powers remains substantially unchanged since
the monetary conference 81 io nor T,ews Is
NJ Governments are III each ms ance supported
by the weight If pnbc opinion. The step, mus
taken have therefore only more fully demonstrated
the uSele >ness Of further attempts at tsent 10
arrive at any agreement on the subject win o'hcr
nations .:, -:
based upon own peculiar ratio, TO Such an cN-
tent, and assuming so heavy burden 10 De pro-
vided for III any international negotiations, as II
render us an undesirable party to any future none
tarv conference of nations II Is Sigihhcant tact
that four of the five countries composing ne LalI5
Union mentioned IN coinage act, embaIrasseu
with their silver currency. have Just completed an
agreement among themselves that no more SILVER
shall be coined by their respective governments
and that such as has been already coined and in
circulation Shall be redeemed In gold by the conn
TRY OF It's coinage The resort to this e1 Dedeht Oy
these countries may we'll arrest the attention 81
those who suppose that we can succeed without
shock OF injury in the attempt 10 circulate upon
its merits all the silver we may com under the pro
visions of our silver-colnage act
The condition in which our treasury may he
placed BY persistence in orr present course, Is a
matter OF concern TO every pa trlotic cllzen VINO
does OF desire his Government TO pay III slYersuc
of its obligations as should be paid III gold Nor
shonlG our condition bo such TO obldge us, in
prudent management of our affairs, to discontinue
the calling i'll and payment OF interest bearingoDl-
cations which we have the right now 10 discharge
and thus AVOID the payment OF further interest
thereon The socaled debtor class. for whose bene-
lit the continued compulsory coinage OF SILVER is
insisted upon are not dishonest because they are III
debt and they should not be suspected of a desire
TO eOpardize the financial safety OF the conntTy'
order that they NAV cancel their present debts by
paying the same in deprecated dollars Nor should
Il be forgotten that ii is not the rich nor the money
lender alone that must submit TO >uch read)uSt-
ment enforced by the Government and their debt
ors The plttance of the widow and the orphan and
the incomes of helpless benehcaries of all kinds
would be disastrOusly reduced The depesitOrs in
savings banks and other institutions which hold IN
trust the savings Of he poor when their htle ac-
cumulaIions are scaled down TO meet the new order
of things, would IN their dis leSs, reallZe the
deuslon of the promise made to them that pientl-
ful money would improve their condition. We have
now on hand all the lser dollars necessary to sup
ply the present needs of the people and to satisfy
those who from sentiment wish to see them IN CIR
culatlon and II their coinage is suspended they
can be readily obtained by all who desire ITEM III
the need of more is at any time apparent their COIN
age may b. renewed
That disaster has not already overtakon US fur
nishes proof that danger does moi wait upon a
continuation of the present silver coinage. We
have been saved by the most careful management
and unusual eXpedlents, by comDlnatlOu or 1Ortn-
nate conditions, and by confident expectation
that the of the Government In regard 10 sli-
yer coinage would be speedily changed by tie ac-
ton Of Congress Prosperity hesltatcs upon our
threshold because of the dangers and uncertain
ties surrounding this question. Capital tlmldly
shrnks from trade, and investors are unwlulng 10
take the chance of the questionable shape In which
their money will be returned To them, while enter
prise halts at a risk against which care and saga
ciOus management do not protect AS hece ,,
consequence labor lacks employment, ana suffering
and distress visited upon portion OIL our leiI9"
citizens especially entitled 10 the carelni CONSIDER
alton OF those charged with me dhIleS Oh ees1d'ul
No interest appeals 10 so strongly for sale and
Stable currency the vast army of the unem-
recommend the suspension of the compulsory
coinage of silver dollars directed by the law passed
IN February, 1878.
STEAMBOATS,. HEALTH LIFE-sAvING AND SURVEYS
The Steamboat Inspection Service on the 3Oth
and forty persons, including officers, clerks ard
nessengers The expenses of the service over the
receipts were $l3S. 500 % during the fiscal year.
The special inspection of foreign steam vessels or
ganI2ed under a law passed III $50, was maintained
dining the wear at an expense OF $50 G4l G3. Since
the close of the fiscal year reductions have been
made III the force emp Dyed which Will result IN a
saving during the current year OF SlGOOO without
affecting the efficiency of the service
The Supervising SuIgeOn-Gcneral reports that
during the hscal year ia patients haye received
relief through the Marine Hospital Service. Of
whom II. 500 were treated III hospitals and 2S9ll
at the d1spenSareS.
through the medium of his service, to protect the
country against an invasion of cholera, winch has
prevailed IN Spain and France, and the smallpox,
which recently broke out III Canada
The most gratifying results have attended the
operations of the LIfe-Savlgg Service during the
last fiscal year The observance OF the provision Of
ployed IN this service to be made solely with ref
erence to their fitness, and without reference 10
result which may confidently be exp ctcd in any
branch OF public employment where such a rule IS
applied. As consequence, this service Is composed
OF men well qualified for the performance OF theH
dangerous and exceptionally important duties.
The lumber ,o OF stations bo v cSTH'I wa!
2O3. The number of disasters to vessels and craft
of all kind within their field of actlon was 37l.
Tho number of persons endangered IN such dlSas-
tiers was 2439, of whom ,42S were saved and only
II lost. Other lives which were impenllcd, though
not by disasters to shipping, were also rescued and
large amount of property was saved through the
aid OF this service. The cost Of its maintenance
during the year Was $S2S 474 49,
The work of the Coast and GcOdetlc Survey was
during the last fiscal wear. carried within the
boundaries and off the coasts of thTty-twO States.
two Territories, and the District of Columbia. In
July last certain irregularities were found TO exist
in the management of this bureau, which lsd to n
prompt investigation Of It's methods. Tho abuses
which were brought TO ght by this examination
and the reckless disregard of duty and the IN
terests of the Government developed on the part
of some Of those connected with The service, made
change o. superintendent and few of Its other
eflccrs nc esaly. Since the bureau has been IN new
lann, an introduction of economies and The appl
cation OF business methods have produced an inn
port ant saving TO the Government and a promise Of
more useful results. This service has never been
regulated by anything but the most indefinite LEGAL
enactments and the most unsatisfactory rules. II
was many wears ago sanctioned Apparently for q