The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-12-09

economy enables them - bring into their
homes. and for theft implenents Of
husbshdry. they are obliged 10 pay . price
| largely increased BY On unnatural profit, which,
b the action Of the government 10 given 70
! fiIr more favored manufacturer. ! recon.
j me.c shar. keeping In view oil there consider.
atoms. ti,s Increasing and unnecessary surplus
| OF Rational incon. annually accunulatiag b.
released TO the people ~ m amendment u eur
| revenue laws, which shall cheaper The psdce Of
the necesearies Of life and give frssf entrance
70 such imported materials - ~ American
labor may b manufactured into marketable
commodities. Nothing can b accomplished,
however. n the direction Of tails much-needed
reform unless the subject u approached In Q
patriotic spirit Of devotion 70 the interests o.
the entire country. and with willingness %
yield something for the public good.
TEE PUBLIC DEBT.
The sum paid upon the public debt Aaring
the fiscal year ended June ~, 1859. was 81.
66l,O43.36. During the ~ months ended
Oct. u. 1885, per cent. bonds were called
Tor redemption amounting to 9l27 ,203, lee, Of
which $50. GA, 200 was 70 answer the requirs.
ments OF law relating 70 the einking fund. sad
900, 500 Tor the purpose Of redacisg the pab.
lie debt By application Of ! part Of the Surplus
u the treasury to that o.ject. or the boads
thus called 3i02. 269. $50 became subject under
euch calls to REDEEM ption prior 70 November 1.
1885. The remainder. amounting to ~ .ol3,.
$50. matured under the calls aftes that
date. IN addition = The a.o.nt
prior to Nov. 1st., there were slso paid beforo
that day certain bonds amounting % $50
TBS $50 which were antic,patcdas tie matsrity
OF which y, 664, $50 had not beea called, thus
800. SAL SOC. had been applied prior to the Arst
81 Nov. 1856, to the extiDguishmept u onr
eonded and interest bearing debt. lesvine on
inst day still outstanding the sau Of 4i,ie3.-
44S.ll2. OF this account $50. 640. 700 were
still represented By the three per cent bonds.
They. however, have been since Nov. IL. or
will ut once be- further reduced BY e22, oo6.-
lhO. being bends which have been oalied, -
already been stated. but mot redeemed ard can-
celled before the latter dats.
COINAGE
During the fiscal year ended June 80, 1885,
there were coined under the compulsory silver
coinage act Of 1873. 20. 838. $40 silver dollars.
and the cost Of the silver used In such coinage
wAs S23. 446, 10000. There had been coined up
TO the close Of the previous fiscal year. under
the provisions Of the law. EOS 1851. 554 silver
dollars. aud on the Arrt day OF December.
1855. the total amount Of each coinage was
s24s,isl.549. The director OF the mint re
ports that At the time OF the passage Of the
law Of 1878 directing this coinage, the in
trineic yalue Of the dollars thus coined
was ninety -four and one-f0urths &C ate each,
and that on the 3lst day OF July. 1885, the
price Of silver reached the lowest stage ever
known. 70 that the intrinsic or bull ON price OF
our standard dollar at that date was lrrs than
eeventy.tws cents. The price Of silver On The
SOth day OF November last was zach ~ 70
make the dollars Intrinsically worth 20 cents
each. These differences In value or the coins
represent the fluctuations n the price OF sill
yer and they certainly do not Indicate that
compulsory coinage BY the government en-
hances the price Of that commodity
. secures uniformit In Ito
value. Every fair and legal effort has be en-
made byt he treasury departmt \. 70 distri bate
this Currency among the people. TIE with
drswal Of United States treasury notes Of
small denominations snd the ieeuipg Of email
silver coins have been yesorted 10 in the en-.
deavcr to accomplish this Iesult. III obedience
to the will and sentiments Of the representa-
tives Of the people In congress. On the 97th
day OF November 1855. the people held o.
these coins, or certificates representing them,
the nominal sum Of 4lb6. ST.. O41. and We etill
have $79.464.S45 in the treasury, &c against
ABOUT $ii2.s94.O5s In the hands Of the people
and So, SG5. 306 remaining in the treasury enc
year sgo. The director OF the mint again urges
the necessity Of more vault room for the parpoee
Of storing these silver dollars, which are not
needed for circu alton by the people. have
seen no reason to change views expressed
in my last annual messa.. i the subject Of
compulsory coinage, anu ain urge its sus-
pension on al the gr.. contained IN my
fofmer recommendati.n. reinforced b. the
significant increase OF our gold expectations
during tho last year. - appears b. the co0-
parative statement herewith presented, and
Tor the further reaeons that the moro this cur
rency y distributed among the people. the
greater It becomes our duty 10 project il from
disaster; that We now have abundance for ell
our needs. and that there seems bat little
propriety in building vaults TO storc euch cur
rency. when the only pretenee for it's c0isage
is the necessity Of ito use By the people -
circulating medium.
CUSTOMS REvENUE SUITS.
The great number Of suits now pending in
tricts Of New York. growing out Of the col
lections Of customs revenue 1t the port d New
York, and the number OF euch suits that are
almost daily instituted are certainly worthy
the attention Of The congress. These legal
controversies. based upon conflicting Views by
importers and the collector 40 to the interpre-
tation Of our present complex and indefinite
revenue laws. might be largely obviated BY IN
amendment Of those laws. But
providing such amendment, the present
condition Of this litigation should be relieved.
There are now pending about $500 Of
these suits. More than 1.loo have
been commenced within the past eighteen
months. and many Of the others have been at
issue for more than twenty i've years. These
delays subject the government to loes OF evil
dence and prevent the preparation necessary
10 defeat unjust and fictitious claims,
while Constantly accruing interest threat
ems TO double the demands involved. In
the present condition. Of the dockets % the
courts. well filled with private suits and OF the
force allowed the district attorney, 10 greater
than 10 necessary for the ordinary and casrent
business of his Offices. these revenses htiga.
tions cannot be considered. In defaalt Of the
adoption by the congress Of . plan for the
general reorganization Of the federal courts. 40
hAs heretofore heen recommended, urge the
property OF passing . law permitting the ap-
pOiutnent of IN additional federal Judge In
the distric: where these government suits
have accumulated. 90 that by continuous ses.
eions Of the courts devoted 70 the trial OF these
cases may be determined. Il 10 entirely plain
that great saving to the government woald be
accomplished by such . remedy, a1a tho salt
ors who have honest claims would ~ Be de-
MED justice through delay.
MILITARY MATTERS.
Recommendation or the Secretary q
War F0ily Approved.
The report Of the secretary OF war gives
detailed account of the administration Of his
department. and contains snndry recommends
tions Tor the Improvement Of the service
which fully approve. The army
consisted q the date Of the last
consolidated return. Of s.ioS omcers