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

economy enables them to bring into their
homes, and for their Implements Of
husbandry, they are obliged to pay q pfice
largely Increased by An unnatursl profit, which,
by the action Of tho government, ia given to
the more favored manufacturer. I recon
mend that. keeping in view all these consider
ations, the Increasing and unnecessary suspfus
Of rational income annually accommodating be
released to the people by an amendment Of our
revenue laws, which shall cheaper the price Of
the necessaries of life 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 much-needed
reform unless the subject is approached in .
patriotic spirit of devotion to the interests Of
the entire country, and with Willingness TO-
yield something fer the public good.
THE PUBLIC DBBT.
The sum paid upon the public debt during
the fiscal year ended June 81, 1886, was 81.
ISL. O43. 36. During the IL months ended
Oct. 81. 1886. 3 per cent. bonds were called
for redemption amounting to 1927, 1888, 100, Of
which $S0, 643. 200 was to answer the require
ments OF law relating to the sinking fnnd, and
$466, 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 houds-
| such calls to redemption prior to Ndvember1.
1886. The remainder, amounting to $sk u.s.
65V, matured under the calls after that
date. In addition to the Amount
| subject to payment and canoe aation.
prior to Nov. 1st., there were slso paid before
that day certain bonds amounting to $780,
| 725 $50 which were anticipatedas the maturity
Of which 81, 664, $50 had not been called, thus
$107 .341, 800 had been applied prior to the first
OF Nov. 1886, to the extingulshment Of our
bonded and interest bearing debt, leaving on
| that day still outstanding the sum of $780,.
443.112 OF this account $50. 648, roo were
still represented by the three per cent bonds.
They. however, have been since Nov. ID, or
! will at once be, further reduced by $22.606,-
$50. being bonds which have been called. a.
already been stated. but not redeemed and cam
! celled before the latter date.
COINAGE.
During the fiscal year ended June 80, 1856,
there were coined under the compulsory silver
coinage act of 1873. 20, $685. $40 silver dollars,
| and the cost Of the silver used in such coinsge
was So, 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,
/ 1886. the total amount of euch coinage was
S247, $40. The 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 niuety-feur and ono-fourths ceats each,
and that on the 31st day of July, 1856, The
price OF silver reached the lowest siege ever
known, go that the intrinsic or bull:on price Of
our standard dollar at that date was less than
seventy-two cents. The price OF sliver on the
30th day of November last was such az to
make the dollars lntrinsically worth IS 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 government en-
hances the price Of that commodity
or secures uniformity in its
value. every fair and legal effort has be en-
made byt he treasury departm, NJ to distri butte
bis Currency among the people. The With
Grawal Of United States treasury notes of
small denominations and the issuing OF small
silver coins have been resorted to in the en-
dcavor to accomplish this result, i'll obedience
to the will and sentiments Of the representa-
| tives of The people in congress. On The 9th
| day of November 1886, The people held o;
| these coins, or certificates representing them,
| the nominal sum Of SIG, 81, 0i1, and we still
| Luvc S19.AG4,345 in the treasury, as against
unout Sti2.o ,055 in the hands Of the people
and S72, SG5 1896 remaining in the treasury one
| year ago. The director of the mint a2s..n urges
the necessity OF more vault room for the purpose
Of storing these silver dollaia, which are not
needed for Circu atiDD by IL" people. / have
seen no reason to change It'W5 expressed
| in ny last annual mes, lha subject OF
| compulsory coinage, al urge it's
| pension on all the <: 'nutaiEed in lny
| former rccommendui;.. .~:uiGrccd by tho
! significant increase Of ooc geld expectations
| during the last year, as appears by the COM
! paraiive statement herewith presented, and
| for the further reasons that M iuovr This
| rcncy is distributed among TIC people, the
| greater it becomes our it.ty TO ptu,cC, 1t from
| disaster; that we no" have nhN'da,, @ FOR all
our needs, and lhat there seems but little
! Eropricty in building vaults To -Enre tuch car
rency. when tao only prutcnse for it's coinage
! is the necessity of its use by the people as
| circulating medium.
| CUSTOMS EErrEuE SUITS.
! The great nulu'>er Of sni lgondlng In
| the United States courts for the southern dis
1ricts of New York, growing cut u tie col
! ltCiOna Of customs -teVunuc ~ til" port OF New
YORK, and the number Of such sniEs that arc
| almost tIy Instituted are Certainly worthy
| the attention of the congress. these legal
controversies, based upon conflicting views by
i,A,n,sters and Nc coite c:or to itc interpret
! 1AtIon of our prcs&n, complex and Indefinite
rev, rue laws, might DC largely p'y,At~d by an
| amendment OF th"3e ia:"s. But
providing such amendment, tho present
condi,ion of this litjgafio" .rn,A be relieved.
There are now pending about $500 Of
these quits. IOre than LOO Ehavc
! been commenced within the past eighteen
months. and many Of the O,lers have been at
| issu" for more than twenty five Year. These
| GelAyg subject the government 10 lOtS OF eyi-
! dence ard prevent the pre- pnrSti0n Necessity
! to defeat unjust aud fictitious alma,
! while constantly accruing inie-rst threat
ems to double the demands involved. IN
! the present conlit,n, Of the Gockeis OF the
, courts. well filed wjth private salts aud OF the
| force allowed the district attorney, 30 greater
| than IL necessary for the ordinary and current
| husi.ess Of his Offices, these revenues htiga-
| lions cannot ne COM idercd In default Of the
adoption by the congress OF A plan for the
| general reorganization of The federal courts, as
| has heretofor. been recommended, urge the
! proDr'e,y Of passing law permitting tbs ap-
| poin,meut of Ell additional federal judge in
| tho distr;c: where these government suits
have accumulated, 20 that by continuous SEES
| sons of the courts devoted to the trial OF these
| cases nay be determined. 1t is entirely plain
that q great saving to the government would DO
accomplished by such remedy, and the suit
OFFS who have honest claims would lot be de-
MED justice through delay.
| MILITARY MATTERS.