The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-04

of just and equitable laws, had been
left In the handsiof the people, IL would
have been worth IN their business at least @
per cent. per annl1n. Deducting from the
amount Of interest upon the principal and
premium OF those bonds for the time they
had TO run at the rate OF g per cent. the saw
ing OF per cent made for the people by the
purchase Of such bonds,the loss will appear
TO be sos, 200, 900. This calculation would
seem TO demonstrate that il excessive and
unnecessary taxation is continued, and the
Government Is forced TO pursue this policy
OF purchasing its own bonds at the prem
iums which IL will BE necessary to pay, the
loss to the people will be hundreds OF mill
ions of dollars.
DANGERS or BUY1NG BONDS.
Since the purchase Of bonds was under
taken, as mentioned, nearly all that have
been offered were at last accepted. II has
been made quite apparent that the Govern
mcnt was in danger Ut being subjected to
combinations TO raise their price, as appears
by the instance cited by the Secretary, OF the
Offering OF bonds OF the par value of $500
900 80 offered that the aggregate Of the sums
demanded for their purchase amounted TO
more than l0,700,OOO Notwithstanding the
large sums paid out IN the purchase OF bonds,
the suplus in the Treasury on the Both day
Of September, 1888 was S53 23i, 6l0Ol, after
deducting about 500 100000 just drawn out
for the payment OF pensions
At the close Of the fiscal year ended June
80 1887, there had been coined under the
compulsory silver coinage act S266, 9SS, $50 in
silver dollars, S55, Boz Of which were In
the hands Of the people. On the 30th day
Of June, 1888, there had been coined $780,,
70S, 100, and Of this ;jj,S2D303 was in circu-
lation in coin and 5000. 3s7, 376 in silver GER
tificates, for the redemption of which silver
dollars 10 that amount were held by the
Government.
ON the 3Oih day of November, 1888, 1872
$40 $40 had been coined, G0,O70,0 900 OF the
silver dollars were actually in circulation
and S231, ilS $40 IN certificates. The Secre-
tary recommends the suspension Of the fur
Their coinage Of silver, aud in such recon-
mendation | earnestly concur. For further
valuable information aud timely recon-
mcndaiions | ask the careful attention Of
Congress 10 the Secrotary's report
THE DEPARTMENT or WAR.
The Secretary Of War reports that the
army at the date Of tine last consolidated re-
turns consisted of . lnS officers and 2L5i0
enlisted mon. The actual expenditures Of
the War Department for the fiscal year
ended June 30, 1883 amounted TO 81, l65,-
lOIO1, OF which sum Sl3s, 5lO.Oj was cX-
pended for public works, including river
and harbOr improvements.
The Board OF Ordnance and Forllications,
provided for under the actapprOved Septcm-
Der - last, was convened October 30, lSSs,
aud plans and specifications for procuring
forgings for eight, ten aud twelve inch guns.
under provisions of section I, aud also for
procuring twelve inch brccch loading NOR.
tlrs cast iron, hoopal with steel, under the
provisions Of section % of the said act, were
submitted 10 the Secretary of War for refer
crcncc 10 the board hy the ordnance depart.
mcnt # The same date. These plans aud spcci.
lications having been promptly approved
hy the board AMI the Secretary OF War,
the necessary Authority 10 publish adycr-
tiscmcnis, inviting proposals., in the news.
papers throughout the country, was granted
by the Secretary onhNoyCmbcr - and on
November ~ the advertisements were sent
out 10 the different newspapers designated.
The bids for the steel iOrging- are 10 be
opened on December ~. 1883, and for the
mOriars ON December ID, ISIS.
THE wArXR yLEEr ARSENAL.
A board OF ordnance officers was convened
at the Water West arsenal on October I,
1854, 10 prepare the necessary plans and
specifications for the establishment of an
army gun factory % that point The pre-
liminnry report of that board with estimates
for shop buildings AMI officers quarters was
approved by the board II ordnance and for
tidcations November q and :, and spccica-
tons aud form of advertisement aud in
gtructions TO bidder have been prepared
/ 49,. IL, excavations for the shop building.
aud for erecting 10 two sets Of officers
quarters have been published.
I cnfn ,siy request that the recommends
tions contained IN the Sccrelary's report. all
of which are, In my opinion. calculated To
increase the uscfulnts, and discipline Of tie
army may receive tho consideration Of the
Congress Among these the proposal that
there should be- provided pan Tor the cx.
animation OF officer 10 test their Fitness for
promotion, II 81 the utmost importance.
This reform has hcrn before recommended
In the reports Of thc secretary, and its cXpo-
| dicncy has been 80 fully demonstrated by
the argument lac presents Ia its favor that
in adoption shoulduU longer be neglected.
DEATH or SHERIDAN.
Tho death ~ Gen. Sheridan, IN August
last was national ailliction. The mmy
then lost tho grandost NJ is chiefs, thg
country lost brave and experienced spi'
dicrtn wise aud discreet counselor and q
modest aud sensible man. Those who in
any manner came within the range ~ hi.
/ personal association viii never iail 10 pa,
deserved and willing homng' TO hi, rrat
/ y
/ will cherish with more tender scnsihiiity
the loving memory " his simple, generous
/ and considerable nature.
TnE APACHE INDIANS
The Apache Indians Whose removal from
| their reservation w Arizona followed th,
! capture oi those OF their number Who en-
| rarcd In the bloody and murlofous RAID
| during part Of tho years ISIS, and ISIS, nu
now held ~ prisoner, 1T war M Mount Yer
| mon barracks IN the Sttc oi Alabama. They
| numbered, on the Jist uf october, the dat,
| nf the last report Cghiy.thrcc men, IL
| women. seventy boys lul hlty.nino girls. DO
al 80 persons The commanding Office
states that they arc in guoi health and con
tented, aud that they arc kept employed o.
| fully us it " possible under The cinCum
| stances. Tie children. nv they arrive "
suitable age. urc sent 90 the Indian school
nj Carlisle and Hampton. Last SUMMED
some charitable aud Mud people asked per
| mission to send two teachers Ia these In
dinns Tor the purpose 81 insiruciing ihi
ndults a. well ~ such children ~ should b
found there. Such permission was rcadil,
| rmntcd. Accommodations wcrc provide,
f1r thc teachers, aud some portions Ui thl
buildings nc the barracks were made ayailn
bic Tor school purposes. Tho good Wurl
contemplated has been commenced, and th'
teachers engaged are paid by the ladies viii
whom the plan Originated
INJURIOUS sNNrAtuY
lam not al all In sympathy with thosc be
noyolcnt but iniurious people who are con
santly Insisting TIL these indians ,houl'
be- returned b. AIo ruscryation. Their 70
moynl was an absolute Necessity. " the live
and property OF sltilrnH upon the lrOntic
are to be Nc all Krrdcd BY the Govern
mcnL Their continued restraint at q dis
bncr from the scene ui their repeated an,
cruel murders aud ouimgcs Is still necessary