Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1886-12-09

that date. In addition to the amount
subject to payment and cancellation prior to
November there were also paid before that
Gay certain OF these bonds with the interest
thereon amounting to $5072,s5o which we're an.
Llclpated as 10 the maturity, Of which $2EC4 $50
had not been called. Thus SIo7 al 500 had BEEN
actually ss applied prior to the LIST OF November.
interest-bearing debt. leaving on that day still
amount sses4s 700 was stiIl represented BY PEI
November IL, OF Will at once BE, further reauesd
by so .6o6, $50. being bonds which have been
called, as already stated. but not redeemed and
cancelled before the latter date.
SILVER COINAGE
/, During the fiscal year ended June 80. 1886.
there were coined under the Compulsory Silver
Coinage act of 1878, 90 8Ss $40 silver dollars, and
the cost OF the silver used In such coinage was
close of the previous fiscal year under the pro.
visions OF the law 2Os ss2 564 silver dollars. and
an sns q . asy cS 81 pscs% a. s the
that at the time Of the the Passages rsnop.s
s % ee the n nrn: e va sss q arec aa, Gs
coined was 94l4 cents each, and that on July 81,
1886, the price OF silver reached the lowest stage
ever known, SO that the intrinsic or bullion price
OF our standard silver dollar at that date was less
than 72 cents. The price OF silver on November
30 last was such as TO make the dollar intrinsI-
ccally worth 7s cents each. These differences in
lions In the price of silver and they CERTAINLY do
indicate that compulsory coinage by the Gov
ernment enhances the price of that commodity
or secures uniformity IN its value.
CIRCULATING SILVER.
Every fair ana legal effort has been made bv
the Treasury apartment to distribute this cur
reDcy among the people. The withdrawal uf
United States. Treasury notes Of small denomi.
nations and the issuing of small silver certlf=
Gates have been resorted to In the endeayor To
accomplish this result, in obedience TO the will
and sentiments OF the representatives OF the
Der. 1856, the people held OF these
coins or certificates representing them the NOM
inal sum Of si66,s73,oiI, and we stiIl have S79,-
345 In the treasury as against about Si42 s94
o55 SO In the hands of the people and s72 s05 $40
remaining IN the treasury one year ago The
Director OF the mint again urges the necessity
OF more vault room for the purpose of storing
these silver dollars, which are not needed for
circulation by the people. have seen no reason
70 cnange the views expressed in my last annual
message on the subject OF this compulsory coin
age, and again urge its suspension on ali the
grounds contained 10 my former recommenda-
ton, reinforced by the significant increase OF
our gold expectations during the last year. as D.
pears by The comparative statement herewith
presented, and for the further reasons thar the
more this currency is distributed among the
people ne greater becomes our duty to protect It
anee for all our needs; and tnar
there seems but. little proprlety in building
vaults 70 store such currency, when the only pre-
tense for its coinage Is the necessity OF its use
Dy the people as circulatinl medium.
INDBFINIrE REVENUE LAWS.
The great number of suits now pending in Tho
United States Courts for the southern District of
New York. growing out of the collection OF GUS
toms revenue at the port OF New York and tho
number OF such suits that are almost utily IN st-
tuted, are certainly worthy the attention Of
the Congress. These legal controversies based
upon conflicting views by importers and the
Collector as to the Interpretation OF our present
complex and indefinite revenue laws might be
nFnr F.lr ax.t Az
laws, But pending such amendment the present
condition OF this litigation should be relieved,
There are now pending about 1900 of these
suits. Mere than |, 100 havebeen commenced with.
In the past eighteen months, and many OF the
others nave been at Issue for more than tWeut v.
1--WE years. These delays subject the Govern
ment TO loss OF evidence, ana prevent the prep
aration necessary TO defeat unjust and
nctitions claims, while constantly accru-
ing interest threatens to double the
demands involved, In the present condition
OF the dockets of the courts, we'll filed with
private SUITS. and of the force allowed the IBIS
trict Attorney. no greater than is necessary Tor
the ordinary and current business % his Office,
these revenues litigatlonS can not be considered
In default OF the adoption by Congress of plan
for the general reorganization OF the Federal
Courts as has here ofJrc been recommended, L
urge the prOpriety of passing o law permitting
the appointment OF az additional Federal Judge
in the district where these Government suits
have accumulated, so th3t by continued ses-
sionS OF the courts devoted to the trial
of these cases Gay be determined. Ii is entirely
plain that grest saving 10 the Government
the suitoTs WHO have honest claims would not be
denied Justice thrJ Il h DELAY,