River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1886-12-09

economy enables them 10 bring ito their
MONIES. aud for their IMPLEMENTS Of
hn-baudry. they are obliged 10 nav nrics
lAr@eiy Increased BY an unnatural proat. which.
~ the ae slon OF The governments il given "a
the more favored manufacturer rer,r,-
menu that, Keeping IN view ali these Consider
atlnns. the Increasing and unnecessary rurulus
OF Rational Income annually accommodating be
re essrd TO he peupl D. an amendment OF our
revenue laws, @hi b shail cheaper the price OF
the neces~arrs of ife and give freer entrance
10 such imported materials ~ by American
labor may be mani featured into marketable
commodities. Notllng can be accomplished,
however, in The direction Of tnis mucb-Ieeded
'etorm uhie-s the subject il approached ia &
patriotic spirit Of devotion TO the interests Of
the tnlire county, and with willingness to
!'eld something for toe public good.
THE PUBLIC DEBT
The sum paid upon the pubic debt during
the hsca year ended June 3 D, 1886 was S4a.-
55i.U43. SO. During the - moths enoed
Oct. 81. 1886. 8 per cent. bonds we're called
for rtdemp ion amounting TO Sl27, zS3 100, Of
which $50. o43.2Ou Was TO anrwer the require
ments OF law relating 10 the sinking fund aud
S4Gd.3S9 for the purpose OF reducing the pub
lie debt by application OF part o. the surplus
10 the treasury 10 that o iect OF the bonds
mus cslled Sl02. 2t9. $50 became subject under
such Gel 10 red m ption prior TO Novpu her l.
1856. The remainder. Amounting TO So. OI3,-
$50. matured un6er the calls after that
dale. In addiu n TO the amOEnt
sunject TO payment and cancellation
prior to Nov. lst, there were slso paid before
hat day cerlain bonds amounting TO $50
72i $50 which were antieIpateCas the maturity
OF which S2.t6f, $50 had'not ,een called. thus
SlO7 3ll, sO0 had been applied prior 10 The drst
OF Nov 1856, TO thr embarrassment of our
bonded and interest bearing debt. leaving on
that ~ still ou'st 'uding the run OF s. / g.
443,1l2. or this account ssU s4s. 100 were
stiil represented by the three per cent bonds.
Tney however. have been since Nov. IL. or
will al once he, further reduced by S22 606,-
80 being bonds whi have been cal ed. as
already been stated, hut mol redeemed aud can
celled before the latter date.
COINAGE.
During the fscal year ended June 80, 1886,
there were coin, under the compulsory silver
coinage act of 1878 20 s35 $40 silver dollars,
aud the cost OF The silver used IN ruch coinsge
Wa S23,44S 900 10. There had been coined up
10 tue el0se Of the previous t-cai ear, under
the provisions Of the la. 2O3 .ss2.554 silver
dollars. aId on the fr-t day Of Decem ber,
1856, the total amount Of such coinage wss
S247,l 1919 Tn director OF the mint re-
p"'t> that at the time Of the passage Of the
law OF 1873 directing this cOiuags. the in
trlnsic value of the dollars thus coined
was ninety -four ana one-fourihs &c str eas b,
aud that on the 5Ist day Of Jolly. 1885,. he
price of silver reached the lowest st~ga ever
kno"n, 20 That the intrinsic or bull on prize OF
our standard collar at that rate was les tban
seventy Two cents. The price OF sI,Ver on the
3Oth day OF November last was such a. to
make the dollars rutrin~ical = worth IS cents
each these differences ia value Of the coins
represent the fluctuations IN the price OF ill
Yer and they certainty d. nos indicate that
compulsory coinage by the governms ht en-
hances the price Of that COMMODITY
or secures unif0rmit IN it's
va'ue. very fair and legal fort has be en-
made byt be treasury departui n to disIrl butte
this Currency among the peopie. The with
drtw4l OF UniIed States treasury notes OF
sinai denominations end the ls-pIDg OF email
silver coins have been res0rted TO IN the en-
deavor to accomplish this result liz obedience
To the will aud sentiments of the pre~ents-
tiyes Of the people 10 congress. On he 9Th
Gay Of November 1856 the people held o,
these coins. or certificates representing them,
the nominal rum of sic ,377, 0l1. aud still
have SO 345 in the treasury, a. against
anout ; ~ SS4 O5S 10 The haId- Of the people
ard So sU5 sos remaining in the treasury one
year sgO The director OF the mint aga IA urges
the necessity Of more vault room tor U- purpose
Of storing these si4ver dollars, which not
neeced for cirCu alton by the peope | have
seen reason To change -. views expressed
in n ia-t annual messau. a the subject OF
compulsory Coluagr, and a-uiu urge liz sus-
pension on all he r., 81. contain ed in my
former recommeudatisu, rrin'O -ced by the
significant mere as Of our gold explorations
curing the last year, appears by the com
parAive statemt nt herewith presented, and
for tue further rea.Ous that b. ore this cur
rency Is distributed amoug the people, The
greater il b. comes our Cuty 10 protect It from
disaster; that we now have abundance for all
our needs aud that there seems but little
proprieJy in building vaults To store such cur
r.ncy when tne only preteB~e for lis coinage
Is the necessity OF Its use by the people ~
circulating mtdium
CUSTOMS REVENUE SUITS.
The great numhtruf sui : now pending in
the United states courts for the suutarTu dis
tricts Of New YORK., growing out Of The col
lrctiOns OF customs-reyeuue Al the port OF New
Nurs, ana the number of such suits that are
almost daily instituted are certainly worthy
The attention of the congress. These legal
controversies, based q Jon col ficting views by
importers ana The collector as to the ibtsrpre-
tatiun Of our pres, nt complex and indrduite
revenue Laws, mig0t be largely ohy ated by an
anet dmeut OF thuse Laws. But
providing such amendment, the present
cOudit ion OF This litigation -hnuld he relieved.
There are now pe1dins ABOUT 2,50O OF
these SUITE. More than LOO thave
been commenced within the past eighJeen
months ard many Of the Others have been a.
issu, for more than twenty five YEAR. here
delays subject the government 10 iOss Of evil
dence ard prevent the preparation Necessary
70 defeat unjust Hhd fictitious sims,
while cor stau'ly accruing incest threat
ems TO double The demands involved. In
the present condition, of the dOckels OF the
courts well fled WITT private suits sud OF the
force allowed the district attorney, DO crater
than il necessary for the ordinary snd Gus rent
bu>i.ess OF mis- Offices, these revenues HIIgs-
tinus CauBnt zoe considered In default Of the
tuup;ton by the congress OF a plan for The
gene raj reorganization OF the federal courts, as
has heretofore been recommended, | urge the
propr't1y of passing law permitting u" ap-
pointment Of sn additional fed. raj judge in
the di-trir: whore The &c government suits
have accumulated. 80 that by CONTIGUOUS SEES
sions Of the courts devoted to he trial "i these
cases NAY be d. L rmIued. IL Is enIire'y plsin
that a great saving e. the government would 20
arcom plt-h bed by such remedy, aud the suit
orr hn baye honest claims would LOT be de
med justice through delaV.
MILITARY MATTERS.
Recommendations of the Secretary 81