The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-12-02
4 Leaning Towards Free COINAGE

n Leaning Towards Free Coinage.
While it has not been thought best to
renew formally the suggestion of an in
teruatlonal conference looking to an
agreement touching the full use of
silver Tor coinage Al a uniform ratio
cfe mas been taken to observe closely
any change In the situation abroad, and
no favorable opportunity will be lost to
promote result which it is copfidentlv
believed would confer very large bene.
ntS upon the commerce of the world. The
recent monetary disturbances in England
are not unlikely 10 suggest a re-exami-
uatlol OF opinions upon this subject.
Our very large supply of gold will If not
lost 10y lmpulsive legislation in the sup
posed interest of silver, give us posi-
ton OF advantage In promoting per
napent an6 Sd. q international agreement
tor The free nse of silver as a coin metal.
The Volume OF Money and Purchase
of Bonds.
The efforts of the Secretary to increase
the volume of money in circulation by
keeping down the treasury surplus to the
lowest practicable limit have been un-
remlttlng and in high deglee success
ful. The tables presented by him, show
ing the increase of money in circulation
during the last two decades and espec
lilly the table showing the increase
during the nineteen months he has ad-
ministered the affairs of the department,
are interesting and Instructive The in
crease of money in circulation during the
nineteen months has been in the aggre-
gate 500, ,S66,S13 or about SIS per
capita, and of this increase only 81, 10O,-
600 was due to the recent silver legisla-
, ton. That this substantial and needed
] aid given to commerce resulted in an
enormous reduction of the pubic debt
and of the annual interest charge is a
matter Of increased satisfaction. There
have been purchased and redeemed since
March fourth 1899 four and four and a
: half per cent. bonds to the amount of
t S2ll S32, $50 at a cost of $246, $50, TAI,
9 resulting In the reduction of the annual
interest charge of 50, ,967 900 and total
! saving of interest of S5l ,576, 706.
) Increase in the Internal Revenue.
Il notice with great pleasure the state
L ment of the Secretary that the receipts
from internal revenue have increased
during the last fiscal year nearly $12,
q 600, 600, and that the cost of collecting
| illlS ldIStI IcNcuu6 was lcSS U1 TCO,O1
. than for the same parpose In the pre-
n ceding year The percentage of cost O
n collecting the customs revenue was als(
e less for the last fiscal year than ever be
II fore.
le For Preventing Fraud In Importing
The customs administration boarl
provided for by the act of June 10, 1890
was selected with great care and is com
?, posed of men whose previous experenc
~ iu the administration Of the old custom
'e regulations had made them familiar wit
the evils to be remedied and Of men O
p legal and judicial requirements. tt
9 believed that this will meet stop t
2 smuggling
The report of the Secretary of Wa
exhibits several gratifying results affair
NJ ed during the year by wise and unostel
ed tatious methods. The percentage of d.
o. sertions from the army Gan evil fC
&c which both Congress and the Departmel
so have long been seeking q remedy ht
been reduced during the past year
per cent, and for the months OF Augu
I'm and September, during which time Il
ng favorable effects OF the acts Of June 10
nd were felt, 33 per cent. as compared Wi
Dn- the same month of 1889.
tai The Need of Coast Defences.
III / concur III the recommendation
teo the Secretary that adequate and regul
'he appropriations be continued for coast
lct- fence works and ordnance. Plans ha
me been practically agreed upon, and the
the can be no good reason for delaying t
vas execution of them, while the defencele
o9o state of our great seaports furnishes
res urgent reason for wise expedition.
VI The National Guard.
1 noi The encouragement that has been
i tended to the militia of the States, g.
orally and most appropriately designat
the National Guard, should be &C
Tor tlnued and enlarged. These militia
s OF organizations constitute, In lal
ate sense, the army of the United Stat
rty while about fve-sixths Of the ann
loi- cost of their maintenance Is defrayed
w. the States.
w, PostOffices Closed.
~, ~ The Attorney General has prosecu
'nS oe his work vigorously and effective
~ - Especial attention is called to the fs
%,.. connected with the prosecution or VIZ
40 tions of the election laws and OF offet
.oo' against United States officers. Whene
ioui a postmaster, not himself IN fault,
been subj 1cted to violent interfere
and persecution, action has been TAX
lated I have directed the Postmaster Gene
estl- to abolish or suspend the postotfice W
J, a. other efforts failed.
l4',. Better Naturalization Laws.
70 80 ~ 1t certainly is not too much to req
yoa yoTl that an applicant for American cltii
" van aii shin shall be heard with as much
% tos Hf and formality as is given to cases Inv
~" noSt 81 ing the pettiest right of property.
q not Wanamaker's Business Method
ither The report of the Postmaster-Gen
shows the most gratifying progress
the important work committed TO
6 =, direction. The business methoos |
: asnrr Sr been greatly improved. A
',9S IonS economy in expenditures, and an
aooo, crease of four and three. quarter MILL
rnasS 10y in receipts have been realized. The
rpI;ss, cheney this year is So, 1856, 600, as aga
' nnntS sc, $50, 1873 last year, notwlthstan
ouu.o the great enlargement OF the ser