Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1890-12-13
ton has been so often presented that ]
need only to commend the subject 10 your

have not heretofore been Included in the
statement of these aggregates, aud for the
purpose OF comparison, the sum of sos,
$50, O97 .92 should be deducted from both
sides of the account The sur,
plus for the year, including the
amount applied TO the sinking fund
was Sl0S344, 498. 08. The receipt. for 1890
were sl6,o ,92S. ~, and the expenditures
Sis, 1875 SCI in excess of those of 1850. The
customs receipts increased s 1885, SAC. IS,
and the receipts from internal revenues
81, 12', 1911. 50, while on the side Of expendi-
lures, that for pensions was s19, Sl2,076. 90
in excess of he preceding year
The treasury statement for the current
fs'al year, partly actual and partly esti-
mated, is rs follows. Receipts from all
sources. S406, DOC, COO; total ex Expenditures,
$50 OOO, 600; leaving u surplus OF S52, 00l,-
600, not taking the postal receipts into the
account on either side. III lost Of rev
enucs from customs for the last quarter is
estimated Mt ~S25,0b',c00, but from this is
deducted "a gain of about SO, 0O0,0 o, real
lied during the first four months of the
year.
For the year 1892 the local estimated re-
ceipts are 1913, 100, COO and the estim ated
expenditures, $35I,s5 ,2O2.42, leaving an
estimated surplus of $lh la, 1875, which
with n cash balance Of So, 90, 600 at the
beginning of the year will give So; l47, 1928
as the sum available for the redemption of
outstanding bonds or other uses. The es-
Inmates OF receipts and expenditures for
the post Office department being equal are
not included in this Statement. on either
side. The act directing the purchase of
silver bullion and issue of treasury notes
thereon, approved July IA, 1879, has been
administered by tho secretary of the treas.
ury with an earnest purpose to get into cir
culation at the earliest possibledates the full
monthly amounts of treasury notes con
templated by It's provision and at the same
time to give to the market for silver bull
lion such support as the law contemp PLAYS.
The recent depreciation in the price OF
silver has been observed with regret.
! he rapid rise in price which anticipated
and followed the passage Of the act was
influenced in some degree by speculation
and the recent reaction is in part the re
suit Of the same cause and in part of the
monetary disturbances. Some months OF
further trial will lie necessary to deter,
mine the permanent
EFFECT OF THE RECENT LEGISLATION nc
SILVER VALUES,
but II is gratifying 10 know that the in.
creased circulation secured by the act has
exerted and will continue to exert "A most
beneficial influence upon business, upon
general values.
While it has not been thought best 70
renew formally the suggestion of an inter
national conference looking to an agree
ment touching the full use of silver for
coinage at "a uniform ratio, care has been
taken TO observe closely any change In the
situation abroad, and no favorable oppor.
tunity will be lost to promote a result
which, il Is confidently believed, would
confer very large benefit upon the com.
nerce Of the world
The recent monetary disturbances in
England are not unlikely to suggest IA re
examination of opinions upon this subject.
Our very large supply Of gold will, II not
lost by impulsive legislation in the sup
posed interest of silver, give US n position
of advantage in promoting q permanent
and safe international agreement for the
free use of silver as IA coin metal.
The efforts of the secretary TO increase
the value of money in circulation by kee p.
ing down the treasury surplust to the lowest
practicable limit have been unrsmitting
and in O very high degree successful. The
tables presented by him showing the in
crease OF money in circulation during the
last two decades, and especially the table
showing the Increase during the nineteen
months lie has administered the affairs of
the department, are interesting and in
The increase of money in cir
during the nineteen months hns
been in the aggregate s53, s66, sl3, or about
SID per capita, and of this increase only
81, l0b,0 was due to the recent silver legis-
Iation. That this substantial and needed
aid given to resulted In an cnor-
nous reduction of the public debt and Of
the annual interest charge is a matter of
increased satisfaction. There have
been purchased and redeemed since
cent. bonds to the amount of
S2ll, s32, $50 at a cost of s24S, $40, 74l, result
ing in the reduction of the annual interest
charge of g., 901 500 and a total saving If
OF S5l,o1G 100. | notice with great
pleasure the statement of the secretary
that tie receipts from internal revenue
have increased during the last fiscal ar
nearly ST., coo, 600 and that the cost of col
lecting this !arge revenue was less by
s9n,6l7 than for the same purpose in the
preceding year. The percentage of tn
cost of collecting the customs revenue was
less for the last fiscal year than ever be.
fore. The customs administration board
provided for by the act of June 10, ltg0,
WAS selected with great care and Is com
posed in part of men whose previous ex.
perience in the administration of the oil
regulations ad made them famil.
lar with the evils to be remedied, and in
art, of men whose legal and judicial nc.
q~uirements and experience seemed to fit
them for the work of interpreting and APP
plying the new statutes.
The chief aim of the law is 10 secure
honest valuations of all dutiable merchan-
disc, and to make these valuations uniform
at all our ports of entry. 1t had been
made manifest by a congressional investl-
cation hat n system of differentiation
had been long in use by certain classes of
resulting not only in a great
loss Of revenue, but in n nest intolerable
discrimination against honesty. 1t is not
seen how this leg station, when 10 Is under
stood, can Re regarded by the citizens OF
any country having commercial dealings
with us as unfriendly.
IL any duty Is supposed 10 be excessive,
let the complaint be lodged there il will
not be complained by any well dis.
posed people hat a remedy may be sought
and allowed In a system Of quasi Snug
Cling.
visED.
concur in the recommendations Of the
that adequate and regular APP.
preparations be continued for coast defense
works and an ordnance, and plans have
been practically agreed upon, and there
can be no good reason for delaying the ex-
of them, while the defenseless
state of our great sea ports furnishes an
urgent reason for wise exhibition.
ADVISES OF NATIONAL
GUARD
The encouragement has been extended TO
the militia Of the states generally desig-
as the national guard" should be
and enlarged. These military
organizations constitute In a large sense the
Of the United States, while about
Of the cost of their maintenance
is betrayed by the states.
REPORT OF THIS Alto tNHy-sENRRAL.
The report of the attorney general Is,
under the law, submitted directly to con
gress, but as the department Of justice Is
one Of the executive departments some
reference to the work done is appropriate
here.
PEo EcUTioy or ELECTION VIOLATION.
A vigorous, and in the main an efec-
tive effort has been male to bring to trial
and punishment all violators of the laws,
but at the same time care has beea taken for
frivolous and unintentional offense should
not be used to swell the fees of officers, or to
harass well disposed citizens. Attention
is called to the fact of the prosecution Of
Of the election laws, and of Of
fences against United States officers. The
of convictions secured, very
many OF them upon pleas of guilty, will, IL
Is hoped, nave a salutary restraining In
There have been several cases
where postmasters appointed by me have
been subjected to violent interference in
Q discharge of their official duties and to
prosecutions and personal violence of the
most extreme character. Some Of the
cases have been dealt with through the de-
pa rtment of ~iustice. and in some ases thu