Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1890-12-05

The Treasury statement for the current
fiscal year, partly actual and partly eSti-
mated, is as follows: Receipts from all
sources. S4O6, 900, OO9 total expenditures,
1854, 100000, leaving a surplus Of $52 OOO,OO)
not taking tine postal receipts into the ac-
count on either side. The loss Of revenue
from Customs for the last quarter is esti-
mated at So, 000 900. but from this is de.
Quoted gain Of about $l6 001, 0O0 realize1
during the first four months Of the year.
For the year 1892 the total estimated re-
ceipts are 1913. o00, ,O1J and the estimated ex-
penditures S357. S52. 2O942. leaving an esti-
mated surplus Of SIS, III, 790.5S, whica. with a
cash balance OF So, ,0J0, 0)0 at tho beginning OF
the year, will give S67, l47, 19).5S as the sum
available for the redemption OF outstanding
bonds or other uses. The estimates OF re-
ceipts and expenditures for the Postoiflce
Department. being equal, are not inclu1ed Ill
this statement on either side.
THIS CIRCULATION OF TREASURY NOTES.
The act directing tls p1rcias, o; silve.
bullion an1 the issue OF Treasury notes thero-
on" approved July IA, 1897, has been ad-
ministered by the Secretary OF the Treasury
with an earnest pIrposs to get into circula.
ton at the earliest possible date the full
monthly am)uats OF Treasury notes contem-
plated By its provisions aud at the sam tlm3
10 0lKo 10 NN1 IldIhtl lDi NliNGA OuAl0u ottS-t
support as the law contempiates. Tns re-
cent deorsciation in ths price Of silver has
been observed with regret. The rapid rise
in price which anticipated and followed the
passage of the act was influenced in some
degree by speculation, and the recsnt reac-
ton is in part the result OF the same cause
and in part OF the recent m0net1ry disturb
anceS Some months Of further trial Will be
necessary to determine the permanent effect
OF the resent legislation upon silver values,
but it is gratifying to know that the increased
circulation secured by the act has exsrtet
and will continue to exert most beneficial
influence upon business and upon general
values.
While it has not been thought best to
renew formally thu suggestion OF an inter
national conference looking to an agreement
touching the full use Of silver for cOin1ge at
a uniform ratio, care has been taken 20 OBJ
serve closely any change ia the situltlo1
abroad. and no favorable opportunity will be
lost to promote a result which it is confident
" believed would confer very large DEMENT'S
uDon the commerce of the world.
The recent monetary disturbances in Eng
land are nos unlikely to susyest re-eX IN
nation Of opinions upol thls su5jec:. Oar
very large supply Of goli VIII, if no lost by
imDulsive legislation in the supposed intsres,
of silve" give u; a position OF aIgantlge IL
promoting a permanent and safe interna-
tional agreement for tbs free use OF silver as
a coin metal
The efforts OF the Secretary to increase she
volume of money in circulation by keeping
down the Treasury surplus to the lowest
practicable limit have been unremitting oud
in a very high degree successful The tables
presented by him, showing the increase OF
monev in circulation during the last two
decades and especially the table show
inr the increase during ths nineteen
months he has administered the aft airs
of the department, are interesting and
Instructive The increase Of money in circu-
latio1 during the ninet Ell months has been
in the aggregate SJ3, Sj6, ,Sl3, or about Sl.5J
per capita, an ] of this increase only s. OJ1OJJ
was due to the recent silver legislation. Ihat
this substantial AMI nee iedait given tocon-
merce resulted in an enormous reduction OF
the public debt and of the annual interest
charge is matter Of increased satisfaction,
There have been purchasel AMI redeemed
since March {. 1889. 4 and AZ per cent.
bonds to theanolnt Of S2l1, S32 45l, at cost
ofs?45. G2O.T4i. resulting in the reduction OF
The annual interest charge OF SS,9jL60J al1
a tosal savnz of interest Of S5l, 80. 7Jj.
Iuotics with great pleasure tie statement
Of tae Secretary that the receipts from nter-
nal revenue have increased during the last
fiscal wear nearly S12 019, 0)0an that tle cost
of collecting tlis larger revenue was less by
$50 6l7 than for th sam9 purpose IN the pre-
celing year Tle perc centage Of cost OF col
lectiny the customs revenue was les; tor tns
last fiscal year than ever before.
THE WAR DEPARTMENT.
The report of the Secretary of War ex-
hibits several gratifying results atSaine
dnrins the wear by wise an1 unOstantatious
methods. The percentage Of dessrtiOns from
fine army ian evil for wlich both Congress
and the department have long been seeking
n rsmedvl has been reduced during the past
wear q per cent, aud for tl9 m)ntls OF Au-
gust and September during which Tina the
favorable effects of the act OF June . were
felt, 33 per cant, as compared with Vle same
months of 1889.
concur in the recommendations o, the
Secretary that adequate and regular appro-
nriations BE- continued for coast defence
works and ordnance. Plans have been prac-
tically agreed upon, and there can b9 no
GOOD reason for delaying the execution OF
fhen. while the defencelsss state OF or
Great seaports furnishes an urgent reason fol
wise expedition.
The encouragement that has been exten /
ed TO the militia of the States. generally and
most onnropriatelv designated the National
Cuar5@ should be continued and enlarged.
These military organizations constitute, in q
/ large sense. the army Of the United States,
while about fve-sixths OF the annual cost of
their maintenance is betrayed by the States.
PUNISHMENT OF vIoLATORs OF THE LAW.
The report Of the Attorney-G neral is I'M
der the law submitted directly % Congress,
bat as the Department Of Justice is one OF
the Executive Departments some reference
to the work done is appropriate here.
A vigorous and, in ths main, an effective
EFFORT has been made TO bring 10 trial an 1
punishment all vio.ators of th9 laws; but, at
the same time, care has been taken that friv-
o,ous and technical onsnses should not be
used TO swell the fees OF Officers or to harass
well-disposed citizanS. Especial attention is
called to the facts connected with the prose
cltion OF violations Of the election laws and
of ofenses against United States officers.
The number of convictions securei, very
many Of them upon pleas of guilty. will, it
is hoDed. have a salutary restraining in
Auence. There have been several cases where
postmasters appointed by me have been
subjected to violent interference in the
discharge of their Official duties and 70
prosecutions ant personal violence OF
t1e mos. extreme character. Soma
T of these cases have been dealt with through
the Department OF Justice, and in some
cases the possoitices have been abolished
or suspended. j have directed tho Post
mastsr-G ensral ID pursue this course in all
cases where other efforts faile1 to secure for
anv postmaster, not himself in fault, an op-
portunity peacefully to exercise the du ties
of his Office. But such action will not sup
plant the efforts OF the Department Of Jus
tice t. bring the particular offenders to
punishment.
The vacation by judicial decress Of fraudu-
/ lent certificates Of naturalization UPON bills
in equity flied by the AttOrney-General In
/ the Circuit Court of the United States Is a
new application Of IA nihar equity jurisdic-
/ tion. Nearly one hundred such DEGREES have
I b zen taken during the year, the evidence dis
| closing that a very large numoer OF fraudu-
| lent certificates OF naturalization have beeI
| issued. And in this connection | beg
/ 10 renew my rccommen iatiOn that the law'
/ be so amended as to require more full and
/ searching inquiry into all the facts necessary
/ to naturalization before any certificates are
| granted. It certainly is not too much 10 re
/ 7nire that an application for Am m9rican citi
1 1snshiD shall be heard WITH as much care anc
RECORDED with as much formahty as are
/ given to cases involving the psttie't prop
! erty right.
/ Kt the last session returned, without my
auproval bill entitled IAN act to prohibit
bookmaking and pool selling in the Distrlc
of Columbia and stated my objection to b
that it did not prohibit. but in fact Licensed
what II purported to prohibit An effort vii