Bismarck weekly tribune., 1888-12-07

3 !. Z Il 4
f1Tc
... DlS
-----;
5a,r.,,a ~. .,,,,,,..
~ ~ Ss ~ u sucn purchases un-
esrI;e;t =. yi;o 1o1lV1.sy W Go 80 shouio De more
~ Hnp1AS.s. t,n. les9t1tl9n, however, nav
.,.s.s s Dson -. ps:sss'u ~ pogn houses OF con-
Suss, 10 ,..,.aan;.e .snusne an dou1t q 70 execu-
.s.ss. W. "Is..O.lSy I oa!iy - n0na 0aa purchases
ss.x: De9 " 1nPln 20, looo, ana nave
th;s ,,iss, ha..ls asil sae PEesent tlme: by
sat s.aae aI uDuIs L " tue governments not
,,n,S;, u51 ..avg r. Deem a Purcnaseo up 70 and
1asa a.s sne pun an1 gay ~, OF IT. november,
,,s;,... s11oa.slns July 70 po4,tOV,4OO, gne pre-
aiI ain Saa a.s ssi@ no tnereon amounting to
~lrIat0oo,oao.yo. ~ ~
!. tae tn preml9m added 70 the principal
- u;a,I: s.i;'ss D9has represents an investment
{;Ils {;.aa suvIt v.s1 PeI cent inVerest for the
- S H. sney s..n ns.1 70 Iun ana the SAVING
S;aas ~ sne government represented ~ the
eat netenrs y 20. oesWeen sne amount OF inter
,,r;,ec;.a q; "s : IL eens oPon tne sum Pa1d Tor
Wfo,,ld Sa ,e e1 ~; eesn ssl :N4.l anu Mnat ~
sbecifiad Il tha honds - reg Hs ~ s9 aa.' ~
their maturity ia abont Az AL 1RS @ 1fl1 - A. ~
first sight this would seem to Be 3 profit.
able and sensible transation on the part
OF the government, but as suggested by
the secretary of the treasury, the surplus
thus expended for the purchase Of the
bonds was money drawn from the peo-
pie IN excess of any actual need of the
government, and was SO expended
rather than allow 1t to remain idle in the
treasury. Ii this surplus under the op-
erahon OF just and equitable laws had
been left in the hands Of the people, it
Would nave been worth in their busi-
ness at least 3 per cent per annum. De-
ouctlng from the amount of interest
upon the principal and premium of these
ponds Tor the time they had to run at
tne rate OF per cent, the saving of 2
per cent made for the people by the pur-
chase OF such bonds, the loss will appear
TO 6e $55, 1000.
- I!eW,ellstanGlhg y: Z, tne large sums pald
=, t,a - s1 ~ u Donas tne surplus
har ~ 1900 ,as az Ak, s oei s az ay u t Novein
dncting ahont SsG m mn ;,,st 'GL dr.,.'., ue
out for the payment Of pensions.
silver coin.re.
AZ the closa ~ n. aac.I uo.r o,aoa
June 10 1887 thera II % had IIa haen eai ea;nad sea
Sune oo' ioot' gnere naa oeen coined un-
OS~Aessk0S
$266, ,9sS, ,28O in silver dollars, $55, ,5O4, ,319
of which were in the hands of the peo.
pie. On the 30th Of June, 1883, there
had been coined, $29y, ,7OO,78O and Of
this $55, ,929, ,3O3 was in circulation in
coin, and 5000 1887 ,378 in silver certfi-
Gates, for the redemption of which silver
dollars to that amount were held BY the
government.
On the 3Oth day of November, 1888.
12,57O, 800 had been coined, $BO, ,97O, 900
OF the silver dollars were actually in cir
culation, and $287 .418, ,347 in certificates.
The secretary recommends the suspen-
sion OF the further coinage of silver, and
in such Recommendation earnestly con-
cur. For further valuable information
and timely recommendations I ask the
careful attention of congress to the Sec
retary's report.
Ordnance and Fortifications.
The secratarv Of war rarorts tha+ +ho
army IN tha aota of +,,a Last oon,a1:.s.t.s .s .s
,ot,,y,,s oo,,s;s+aS | 20 100 - seo.ua.eu ne
E1o a..1;staa e1 ~ ~. q, loo o.uee1s anu o.,
1so t..oe 1as.Su ~ men. me actua expendl-
Su.es " s.le war oepartment pa 1or the hscal
ySa y ,es Snuu 9ar ~ yune 2V! 1000, announced to
20 .,,as o,ioa.va, o1 Wnlcn sum $S,l ,ol6.-
W =, Ias e4Penueu ZOE Puohc works, IN
ssThs aasd @.u ae el1 laa W 1up1oseiMents. e1.,i
ton n1 s,namad uoala 3l eronance e ana 1ornhca-
.s S,on, Pieslueu S N aor unoer Jne act ap-
Rat Rlvsea % 9eRe' 1ePRo 20 last, was convened
t;c,.. ~. o. eo, looo, ana plans ana specltica;
~ sne : ioi procuring 1olglngs 1oF ., ~ ana
as,,nGn INC a guns under provision OF section
1saa;. =, anu also Iol procuring lS,lnch breach
l1sadg staol ls. aoltals' caso IRON hooped with
esett, H. umasr s me PROVISIONS OF section 8,
eaaSat.s y. s.,e sslu a'e, were suDnltted 20 the
ieor1sary saas5 u u war Ior reference TO the
tsa goalo, ~ me orGnance m department OF
at:ees ~ e..S $500 u:oo. 1neso pAans aAu specln-
hv % The hnsrd % snJ eY ~ topsty saola+ apploveo
the necessary authnr;+U +o o r,ShS;s,, y. wa5' sd'
vertisements inviting nronosais in tha a.
newspapers throughout the country was VAS
granted BY the secretary on Nov. Is. and
on Nov. IS the advertisements were sent
out to the different newspapers desio-
mated. The bids for the steel foroino
are to be opened on Dec. 20. 1888. and for
the mortars on Dec. Is. 1883.
A board of ordnance officers was con-
vened at the Watervliet arsenal on Oct.
=, iooo, 70 prepare the necessary plans
dnu speclncatlOns IOr Che establishment