The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-12-04

price Of silver has been observed with re-
greet. The rapid rise In price which ans
ticipAtsa aha followed tho passaEe Of the
act was Influenced in some degree BY gtscis
i tsg ssls Ahs 81 & rs hssei ssta ssaf sasss, : and Il pa IT
part OF the recent monetary d~isthfbahssss
Some months OF further trial will be neces-
sary to determine the permanent effect of
the recent Legislation upon silver values,
but 1t Is gratifying to kn6H Ii Q the in.
CREASED ejaculation secured 5y the act has
seesssa dh i%nf maa apoH Bas in q sAs ia { a8 &Sas
general values. While it has not been
thought best to renew formally the sugges-
tion OF an international conference looking
to m agreement touching the full use OF
silver for eotnass at 2 Uniform ratio, care
ms eeeh a taken ths si to 9gsery anre sa9sei INA any ny
fa aSoad Sc OPPORTUNITY Viii be list to profaote
u fesuit which It is Confidently
believed wohld confer. very larg6
benefits upon the comHercs OF the world!
The recent monetary disturbances in Eng
land are not unlikely to suggest a re-exam-
nation of opinions upon this subject. Dur
very large supply of gold will, If not lost by
impulsiye legislation in the supposed inter-
est of silver, give us a position of advantage
in promoting u permanent aud safe inter.
national agreement for the free use. of sill
YER as y coin thetai, The sffofts Of the sec
| ICUtSIy w 1hSACdoo pAo'N oAu1AO W 1SSGSy -
circulation by keeping down the treasury
surplus to the lowest practicable limit have
been unremitting and in q very high degree
successful. The tables presented by him,
showing the increase of money in circula-
ton during the last two decades, and espe-
ciat1y the tabls showing tbs increase during
the nineteen months he has administered
the affairs of the department., are interest
ing and instructive. The increase of money
in circulation during the nineteen months
has been in the aggregate 500, s66, s13, or
9nGut increase a;ss per only 'api sS,loo, o ssd w es
duy to the feceut oliver Legislation.
That this substantial and needed aid giveh
TO commerce resulted in an enormous re-
duction of the public debt and of the an
nual interest charge is a matter of increased
satisfaction. There have been purchased
and redeemed since March 4, 1889, 4 and ~
per cen bonds to the amount Of S211, $780,
$50, at = cost Of s246, 0SQ; al; resulting in the
fedicti6h OF the annua interest charge OF
S., 067, 600, and a total saving of interest OF
ISL, 576, ROC. Il notice with great pleasure
the statement of the secretary that the re-
ceipts from internal revenue have in
creased during the lust fiscal year nearly
; $40, 600, 900, and that the cost of collecting
this larger revenue was less by 500, Git thur
! for the slme purpose In the preceding year;
! fhe percentage Of cost OF collecting the
: customs revenue was less for the last fisca
yodi GauA cscf Uc1oio' 1uoI SfSGOMS az
ministration board provided tor BY the
: act of June 10, 1890, was selected will
0 great care and is composed in part O
S men whose previous experience in the ad'
t ministration of the old customs regulation!
: had made them familiar with The evils tt
: be remedied, and in part OF men whose
legal and Judicial requirements and expert
ence SEEMED to lit them for tile Work Of iii
$ terpreting and applying the new statutes
The chief aim of the law is to secure honest
o valuations of all dutiable merchandise ant
to make these valuations uniform at III
our ports of entry. 1t had been MADE man
, ifest by a congressional investigation tina
, a system of differentiation had long beer
l in use by certain classes of importers, re
sulting lot only in q great loss of revenue
S but in a most intolerable d~lscrimidatio
against honesty. It is not seen how this
legislation, when it is understood, can be
regarded by the citizens of any country
having commercial relations with us as un.
friendly. If any duty is supposed to be ex-
~cessive, let the complaint be lodged there
1t will surely not be claimed by any well.
disposed people that O. remedy may be
sought and allowed In b system Of quas:
smuggling.