The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-12-03
ing 1887. was. Gold, sls4 ,ssa .4O5 silver
<l60 08iS77.

ing 1887, was. Gold, sl24 ,s92 405 silver
SlG0,03iS77.
THE STOCK OF GOLD AND SILVER COIN
In the United States Treasury on July
1888. is estimated to have been, gold
coin, $59j $40 e37; silver dollars, s2yy,'
EOS, ,190 subsidiary silver coin, 6lVC,..
s76. At the same time there was gold
bullion awaiting coinage ia mints in The
value of Sll0.4G0 0lS silver bullion, So
$50 .3ss melted trade dollars, SG,5lJ ,J3i,
making total stock of 81 ,092 ,4@9, ,963
OF this there was in the Treasury OF the
United States, Sj0i,53S, l72 in National
banks, :l0j 43j, ,492, and in other banks
and in general circulation, 1892 ,4Gl,HVJ
The Postmaster Generals Report.
Postmaster General Dickinson's an
nual report, given TO the press tonight,
presents conciscly The condition and his.
tory Of every branch OF the Postal
Service for the fiscal year ended June 80,
1888, with many comparisons with pre-
yious years, showing remarkable ex-
pansion OF business and large incteas-
In expenditure. The gross revenue for
+ the year was $50 ,G0J,l5 while expendl-
lures amounted to $50, 6,sSj. .4O3. The
estimated deficiency IS, therefore, S4l90,
227. The deficiency for the fiscal year
ended June 50, 1885, was 800 1894, for
! 1886 1t was $7,lGG, ,J94. and for 1887 the
cash deficiency was $4 29I235. The rev.
enue for the current fiscal year is esti-
mated at SG2 5O5 658, and thefxpendilures
for the year are estimated al $50 ,Sl2O'3,
with probable deficiency this year Of
about three and q half millions.
During the past year l2,2s5 postmast-
ers were appointed. Upon designations
and commits sions expired 6,52l, l,244
upon removals, $50 to ill vacancies by
death and 1864 on establishment of new
postal administration The Disburser Of
Subsidies, in his opinion, such iunc.
ton would hamper the mail service and
urges that the policy OF subsidsing
American lines for the promotion OF
commerce be adopted, the appropriations
be voted directly to the owners. Among
the recommendations OF general interest
submitted are the ownership by the gov
ernment of p0stoiiice buildings; allow
ance for rent for third-cla pOstoiiices
a revision Of the franking privilege law
and that a. the termination OF existing
contracts for the manufacture of postage
stamps, postal cards and stamped enyel
opeg the Government take the work into
It's own hands The Postmaster Genera
thinks that II
THE FRAERING PRIVILEGE
were abolished and a regular yearly al
lowance for the purchase OF postage
stamps made instead, every Senator ant
member Of the House of Representative
would be placed upon an exact equality
No one could make use Of the mails be
yond his own allowance, and no un
authorized person could make use Of th'
mails to forward unofficial matter on th'
subject OF
POSTAL TELEGRAPH,
he says "lf the correspondence OF th'
country Ia TO continue to be under th
charge and protection Of the GOvernmen
the vast aud increasing volume conducted
by lelegraphy and the right of the grea
body OF the people to be afforded facili
ties for the best and quickest transmits
sion at rates within the means Of all vii
press this subject upon the attention o
the Congress with more and NOR
urgency. fhe chief difficulties In the wa
are the great cost of present methods an'
the absence Of safeguards which, accord
ing TO The theory of the present mai
service, should protect the privacy o
correspondence. lie says / have giyel
the subject much consideration, and
believe that the inventive genius OF thi
country has reached q stage of discover
In electric science when these problem
may be solved.