Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1888-12-12
then by ceasing the purchase Of bullion under

then by ceasing the purchase Of bullion under
this plan us soon as silver In circulation ex-
country could absorb it w.uld return to the
Treasury rs payment Of taxes, and would
bs held there until business again called tor
would be regulated by its business demand,
and there W uld be little danger OF IT'S depre.
citation. II such safeguard Is not ndoDted,
its purchasing power, the people will demand
the absolute stoppake OF the silver bull on
purchase, and, furthermore, tho use by. the
Silver coinage profits for the redemption of
the silver dollars which are held by them.
The report critic'ses coin certificates as be-
OF issuing the a1O5, O.O,OO0 was, about &42l,OO0.
The loss by the abrrs. on OF the CON, il 1t Was
in circulation, would not equal the cost OF the
cert tlcatcs; on the whole. think 1t may be sad
that the currency OF tho country would be more
safe ind more economical II tho coin were
III actual circulation instead Of being held
standing certitca es, US IS now the case But
whatever may be thought about the W sdom OF
the cert iticute system there can be no doubt
that with it tho further coinage OF gold and sl.
yer, except subsidiary coin, is not necessary or
wise. Future accumulation OF the precious
metals should be only in the form Of ;bulIion,
VIII Oh can be kept more 81 safely ely and s9fnted
was adeptAfall but One OF our minis might be
closed, ahd large. useless expense be saved an
nuollv.
The Secretary reviews former recommends.
tions for the remedy ng Of important defects in
the customs laws which. render IT practically
Impossible to correct many evils and ineQuali.
ties which have long affected the system.
It is graf flying to be able to show. a further
reduction in the-rercentage cost of' collecting:
the customs revenue; during the past year 1t
was 294 per cent; for the year 1855 it was s.77
per cent. renew the recommendation made
last year.. and repea teddy made by my prede-
cessors, for the consolidation Of customs DIS
tricts and the abolition of useless customs es-
tabl .shments.
FOREIGN COMMERCE
The total value Of the imports and exports OF
the last fiscal year, when compared with that
Of the he, fiscal year 1887, shows an increase OF
The value Of our exports of domestic MGR
chandse during the last fiscal year were less
than that OF 1897 by 49, lG0,Sl9.
The total value OF the imports OF merchan-
disc increase from $50! 319, 7G8 in 1887 to ~ B.,
937. ia in 1883, beng an increase OF $780,
or per cent, OF which So $50, 464 represents
the increase In the value OF FREQ merchandise,
and S2l, 7SG,Si2 the increase in the value OF
duL: able i'm. 'Orts.
TIE principal changes in duties collected on
articles and classes Of articles imported was an
increase in the duty collected on manufactures
OF wool; fax, hemp, jute, and manufactures OF;
silk, manufactures Of; manufactures Of iron;
and potates: and a falling OF in the duty col
lected on imports OF sugar, molasses and con-
feet onery, raw wool and ron ore.
For the year 1887 the total vaues Of imported
32l.55, the duty collected being Ss12 OBJ Az. 90
Our foreign commerce, carried in vessels Of
the United States, measured by It's value, has
stead:ly decl ned from IS per cent. in 1876 to
less than ID per cent. in 1883. Even OF this
small percentage only 50 per cent. was carried
in steam vessels bearing our flag.
IMMIGRATION STATISTICS.
The receipts Of capitation tax for the year
ending June 3d. 1888. were ss91, 1880 The ex-
The Year We're SIS, ss;. 10: The total number q
State, by steam or sail vessels from :oreign
ca1ada and N Me1iss; during Il she "a yea;
which number 2',6 were tourists or Aliens not
intending to stay in the Urited States. In the
year ending June 10, 1888, the total number OF
SEQ So, OF whom sla, ~ were males. OF these
1,1lS were returned for the following causes:
Convicts, Is: lunatlcs, %; idiots, 10: liable to
become pubiecharges, l,011.
The Bureau OF Navigation reports small
increase during the last fiscal year in the ton.
nage OF the country. arising from the bu ldins
OF vessels, chiefly for the coastlng trade. The
tonnage tuilt during the previous year was
$50, $50 TONS while that built during the past
year was 21s0 S6 TONS comparing favorably, &C
cordng to the Stat,St cs available, with tue
amount built during that time in Austrn, Bel
GUM, Denmark, Franco, Germany tho Neither
lands, Italy, Russia and Sweden com bine!. The
amounts in either case, however, are small as
compared with the tonnage built in the United
Kingdom, where on the Both OF June, 1883, .77
vesse.s, Of Gus, lis tons gross. were under con.
struct on. It is useless to expect any mater al
increase in The building OF iron and steel steam
vessels in this country for the foreign trade
under present conditions. Were all the re.
strictions OF the tariff removed, the business
would still be hampered by tho higher cost OF
the completed vessel as compared with the ex-
pense OF a similar snip built upon the Clyde or
at Belfast.
INTERNAL REVENUE RECE! PTS.
The receipts from the several objects OF in
terna! taxation during the last two fiscal years,
| as reported by the Commissioner of Internal
Revenue, are as follows:
OBJECTS Fiscal gear ended June 30
OF TAXATION. 1897. 1888.
Distilled spirits. $685. S20 III n sea- 500, 1855 II
M anufa ctured
tobacco. ~, 1OS, O61 IL 3O,662, 43l 81
Fer m e tee llq-
uors. ........... q, e2s1 80 20, 324,21S IS
Oleomargar: ne.... 12a 94S o. S64, 1870 s.
Bank circulation. 4,288 81 4,2O2 S.
Penalties, etc.,. eco 2U4 81 1865 81
Collect ons under
repealed laws. s9,2s3 10 a76s 81
Total. $685. Oj 1924, 1926, 475 81
The cost OF collecting the internal revenue