Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1886-12-10

seonomy enables them 70 bring into thsir
homes, and for their implements OF
husbandry, they are obliged to pay peieo
largely increased BY an unnatural profit, With,
By the action OF the government, ID Rtvenl 70
the more favored manufacturer. I reaon.
mend that, keeping in view al these consfdSr-
atoms, the lncreasing and unnecessary suRptus
Of rational income annually accommodating 10
released to the people by IN amendment Of our
revenue laws. which shall chespen the price Of
the necessarles Of LIE and give f-eer entrance
to such imported materials % BY American
labor may be manufactured into marketable
commodities. Nothing can be accomplished,
however, in the direction Of this nnuch-needed
reform unless the subject Is approached in :
patriotic spirit Of devotion to the interests 81
the entire country, and with Willingness To-
yield something for the public good. -
THE PUBLIC D1BF. aEsss.
Tho sum paid upon the public debt during
the fiscal year ended June 81, 1886, wes FL
b5l,O4s.s6. During the IL months ended
Oct. 81. 1886. per cent. bends were called
which $50, 643 200 was to answer the reQuira-
ments OF law relating to the sinking fnnd, and.
S466, 3s9 for the purpose of reducing the pub-
lie debt by application Of part Of the surplus
In the treasury to that object. OF the bonds
thus called Sos, 269, $50 became subject snder:
such calls to redemption prior to N6vember1,
1885. The remainder. amounting to Sss. eas.-
$50. matured under the calls aftet that
date. In addition to the seount
subject to payment and canceNation.
prior to Nov. let, there were slso paid before
that day certain bonds amounting to $780,
725. $50 which were anticipatedas the maturity
Of which ST. 64, $50 had not been called, thus
hnA kaA n1Sn1s a.
OF Nov. 1886, to the extingulshment OF cur
bonded and interest-bearing debt. leaving on
that day still outstanding the sum of 81 ,1Ss..
443.1 OF this account $50. 84S, 700 were
etill represented by the three per cent bonds.
They, however. have been since Nov. "a. or
will at once be, further reduced by $22,606,-
$50. being bonds which have been called, ~
already been stated, but not redeemed and can
celled before the latter date.
COINAGE.
During the fiscal year ended June 80. 1855,
there were coined under the compulsory silver
coinage act of 1873. 20, s3S, $40 silver dollars,
and the cost of the silver used in such coinsge
was SEA, 448, 10000 There had been coined up
to the close Of the previous fiscal year, under
the provisions Of the law, 203 1882, 554 silver
dollars. and on the first day Of December,
i 1886. the total amount of such coinage Was
$247, 1850. Tbs director Of the mint re-
ports that at the time of the passage of the
law of 1878 directing this coinage, the in
trinsic value of the dollars thus coined
was ninety four and ons-fourths ceuts each.
and that on the 31st day of July, 1856, the
price of silver reached the lowest stsgs ever
known, 80 that the intrinsic or bullion price of
oar standard dollar at that date was less than
eeventytwo cents The price OF silver on the
30th day of November last was such az to
make the dollars lntrinsicaly worth 70 cents
each. These differences in value Of the coins
represent the fluctuations in the price Of sill
yer. and they certainly do not indicate that
compulsory coinage by the governme ht en-
hances the price Of that commodity
or secures uniformity in it's
value. every fair and legal effort has be en-
made byt he treasury departing Mt to distri butte
this Currency among the people. The with
drswal of United States treasury notes of
small denominations and the issuing Of small
silver coins have been resorted to in the en-
deavor to accomplish this result. Ill obedience
to the will and sentiments Of the representa-
tives of the people in congress. On the eth
day Of November 1886, the people held O:
these coins. or certificates representing them,
the nominal sum Of SIG, 377, 041, and we still
have 79,4G4, 345 in the treasury, as against
uboat Sl42. 1874 ,055 in the hands of the people
and S72, 9G5. 1896 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
seen no reason to change - views expressed
in my last annual MESA. 4 the biect OF
| compulsory coinage, &n' -,"in urge it's sus-
! pension on all the gr' contained in my
former recommenda1i.... reinforced by tho
significant increase of our gold expectations
during the last year. as appears by the com
parative statement herewith presented, and
for the further reasons that the ,sorc this cur
rency is distributed among tic people, the
greater it becomes our duty to protect it from
disaster; that we nov have abundance for all
our needs, and that there seems but little
proprety in building vaults to STORE such Cur.
rency when the only pretense for its coinage
is the necessity of its use by the people as 9
circulating medium.
CUSTOMS REVENUE SUITS.
The great number Of suits TOW pending In
the United States courts for the southern dis
tricts Of New York, growing out OF the col
lections Of customs-fevenue at tho port OF New
York, and tho number OF such suits that are
almost daily instituted are certainly worthy
| the attention Of The congress. These legal
| controversies, based upon corAicting views by
importers and the collector Is to the iDterpre-
| ,ation of our present complex and indefinite
| revenue laws, might be largely obvjated by IN
| amendment Of those laws. But
providing such amendment, the present
condition of this litigation -ionld be relieved.
There are now pending about $500 Of
been commenced within the past eighteen
| months. and many of the others have been at
issue for more than twenty five Years. These
delays subject the government to loss Of evi.
dence and prevent the preparation necessary
to defeat unjust and fictitious caime,
| while constantly accruing interest threat.
| ems to double the demands involved. In
f; the present condition, Of the dockets Of the
| courts. well filed with private suits and OF the
! force allowed the district attorney, no greater
than is necessary for the ordinary and current
| business Of his offices, these revenues htiga-
| lions cannot be onsidered. In default Of the
adoption by the congress Of plan for the
general reorganization of The federal courts, as
| has heretofore been recommended, urge the
| propre,y of passing law permitting the ap-
| poin,ment Of Ell additional federal judge In
the distric: where these government suits
| have accumulated 60 that by continuous ses-
sions Of the courts devoted to the trial OF these
| cases may be determined. 1t Is entirely plain
| that great eaving to the government would be
| accomplished by such remedy, and the suit-
| ors who have honest claims wonld not be de-
MED justice through delay.
| MILITARY MATTERS
Recommendations Of tho Secretary Of
| w. rsrS1