Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1888-12-15

Of the government, but as suggested ny
the secretary OF the treasury, the surplus
thus expended for the purchase OF bonds was
money drawn from the people In excess OF
my actual need Of the government and was
an ex .pnded rather than allow IL to remain
idle. II this surplus under the operation OF
lust and equitable laws had been left IN the
hands Of the people II would have been worth
in their business at least q per cent. per an
mum. deducting from the amount OF interest
on the principal and premium OF these bonds
for the time they had to run at the rate OF u
ner cent. the saving Of . per cent. made FOR
The people by the purchase OF such bonds, the
loss viii appear to be S55, $50 1000. This cal
c~ulstion would seem to demonstrate that IL
excessive and unnecessary taxation Is con-
tinued and the government Is forced to pur
sue this policy OF purchasing it's own bonds
AT the premiums which IL will be necessary to
nav. the loss to the people Will be hundreds
Of millions Of dollars. Since the purchase OF
bonds was undertaken as mentioned, nearly
all that have been offered were at last ac-
cepted. 1t has been made quite apparent thar
the government was I'm danger OF being sub
iected TO combinations 10 raise
their price, as appears by the instance
cited by the secretary OF the Offering OF bonds
at the pr value OF only s326,OOO SO oiten thst
| the aggregate OF the sums demanded Tor their
purchase amounted to more than 81, 1OO,WO.
Notwithstanding the large sums paid ol!t In
the purchase Of bonds the SUI plusin thetreas-
ury on the 30th dag Of November, 1883, was
$j2. 934.610.0l after de1uctiug about a. ',OO0,-
900 lust drawn out for the payment OF pen
sions. II the close of the fiscal year ended
June 30, 1857, there had been coined under
the compulsory silver coinage act $2GG gsS,2s
ia silver dollars, So, 5G4, $40 Of which were In
the hands Of the people. On the nth day OF
June, lSsS, there had been coined SOY, fOS, 40
and Of this So. 500, BOB was in circulation in
coin aud S200,3S1 3i6 In silver certificates FOR
the redemption Of which silver dollars TO that
amount were held by the government. On
the 30th day OF November, 1883, s3l2, S15,59O
had been coined, OF which So 1915, $50 OF the
silver dollars were actually in circulation ana
$137, 4lS,346 IN certificates. The secretary re-
commcnds the suspension If the further colo
age II silver ana IN such recommendation |
earnestly concur. For further valuable IN
formation aud Timely recommendation | ask
the careful attention OF the congress to the
secretary report
THE WAR DEPARTMENT.
The secretary Of war reports that TIE army
at TIE Gate Of tho l4at consolidated returns
consisted % 2,l>t officers aud .l,59 enlisted
men. The sC,uai expenditures al the war de-
ptrtmcnt for the fiscal ycsr ended jane 30,
l>>S. Amounted 20 Sil, tj,l01.O1 q which sum
80 lns,5lG.Ga WAS expended for public WORKS,
including river aod r,IA)r Improvements and
Notification, provided Tor uuurr tue act APP
t+k|At fN IN Aifh ~~ 'N.Nf AN. "N l-@
cations for pr0clliI . farGiuE7 for 3, ~ ana
r. inch gun. under provision 81 section 4, and
elso for uo.uriug - inca hrctrl loading
uortaIS. cast irou, nuogcd with steel, under
the lI3y. .uas ~ s"e-on 81 the SAID act,
Wpr, .u3u ICED &C. 'ue secretary az War for
tt.tTeic. 20 HE board, hr The ordnance de-
p..tu,lJ. The plans atsplr,ieat,Oos hayll &
leou promptly approved .y The board and the
etget.rV 81 Hhr, the necessary authority 10
publish advertisement Inviting proposals. in
the newspaper, throughout the country wax
GRANTED OF 'Ae secretary November ~, ana on
t.9ru'.I ,5 tae advertise, .u's we're sent
".'r' .I..H5 'yut ness rcr- e.'Saated.
The I.de t."l.t sheet Ior.'rg, Gre 40 he
opened uu D.,.i.p.r- ~, I~~e, -lI for the
Wortays Ou December li, i>~o.
A board 0f ordnance OH .ocs WAS convened
az the Watetv,,lt arsenal ON October +, 1888,
go prepare inc necessary plans anu oplclica-
ti0ur for the establishment Of an army gun
factory at that point, tic preliminary report
If this board with cstimates for shop build
'nLs and Ctieor>' quarters was approved 10y
the board Ol ordnance aud fertilization Nov
eLber q and s. The specification aud form
of advertisement and instructions 10 bidders
have been prepared ana advertisement invite
ing the proposals for the excavation for The
shop hUliltoL and erecting tWOEcts Oi officers
quarters have Deer published. The detailed
drawings and specifications for the qua fac
tory building ave well In hand and Will tc I'm
{sb.1 ,ttIy, sy... .r F,A~ month. vh., vita
, I'm > ,ar - =" e.. y. = ''"' n ~, NJ t,'.IIJ9
49, rh. ifst "a ~ r'aob ~ nos an ~ - ~ ~ 80
III "1 '' ~ ,n,'1 i, ~ t" =
~ ~ - - p.,t,| 'u@l 80 pms ."t ."' 'al-e
80 - -. : 'o''fi'l'" MN "''rI
Iy"' ~ - '..'"'D =. .'"t'
a NV !. igU "-''
i.E ~ 80 '' ''I l'S-"'''7 "l-
49,. W. ~ WIFI "
= SDpP ~ ,' '"',l u" ''ll''' ,'y"' 'p-
'2'' "'''l '.'0' '"- i.o' ,''"' y ~
'-''' go i" ,"' l'o.'It'A'"l y"
"."A+"Dt t"nl'e E'Hs INC h'Ccs-
~. .1.".s N' no" "''"s
l'liF'''' "",' ",,.il r"'"Ls l"' HI"f..a-S
yin r-.ha.,. +. ~ rrt.a, t,.h.s In. -
fire a lrui ltIJc tha. win carry a charge each
Of about 800 pounds 90 explosive g|elatine
with fun ca.itrl prof ctie. The ran- VIII
probably be delivered In from six 20 ten
months from no date OF the contract. SO that
all the guns OF This class that can be- procured
under the provisions of ihis law viii be- pur-
chased luT.Ir the wear. earnestly rrqlest
thar the Recommendations contained In the
secrctary's report. aIl OF which are. i'm INV
opinion. calculated 10 iucr,ae, the usehlun.a
ana discipline OF the army. NAV receive the
consideration If the congress Among these
the prouastl TINT there stou,I bee pr.ylded a
plan for the examination Of officers 10 test
their fitness FOR ufomoti,n IS If me utmost
importance. This reform has kocn before
recommended. ana It's cyD,djrucv IA so fulIv
demonstrated bv The arplmcnt presented IN
it's favor that IT'S adoption shouId no Iouper