Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-22
UNCLE SAM HARD UP.
REED AND MKlNLEy HAVE CRIPPLED
TREASURY AND REVENUES.
s.cretary Foster I'm @ Hole "--Ifis Novel
Misunderstanding After the Artistic
Counterfsiters.
from our Regular CorrospOudont.l

NJ
does not attempt TO disguise the fact that
the Government is hard up for money.
Reeds billion-dollar Congress cleaned out
Tnclesam's strong boxes, and the McKin-
lev tariff bill helped TO do the rest. The
revenues are falling of heavily under the
tariff-laws that are now in force, for the
,eason that where the duties were raised
thew are now practically mp to the pro-
bibitory point, thereby preventing i'm
ports. The sugar duty was purely reVe-
inc ono and IL amounted to more than
es oo0 0oD q month. That ia gone, and
wbiIe smear is temporarily CHEAP no one
belieyes that the article will remain cheap
longer than Septem Der.
SUGAR DEAL.
Uaveneyer and Spreckles are fixing up
deal and IL will soon be discovered that
the trust has O fTmer grip on the con-
sinners than ever before. When you take
into consideration the great amount OF gu.
oar consumed in the United States. u Will
he seen that the old tax was comparatively
a light one. IL amounted to but little
more than al per capita for our entire
population. 1t was tax the easiest OF all
10 collect, and in wiping out the sugar du-
ties the Republicans robbed the Govern
ment of more than sixty millions OF reVe,,
me annually. IL will be the same old
stnrv of coffee and tea. When the duty
was taken off Of those articles under the
denagog1e cry of free break
fast-teble" the prices went down Tor
awhile but they soon went back 70
T.rottv high notch, and they stayed there
almost constantly. with the exception OF
some grades of mean tea. AS 70 cotee, the
countries producing the article soon saw
4
Nv adding nm export duty. and that has
also been done in Europe on beet
euyars that have been exported. The re-
cinrocitv onestion that has been so loudly
talked Of has not vet done any good 70 the
limited States. and it will not under the
plans that are being proposed by this Adj
ministration.
FOSTER FOUNDERS.
On the lst of September next the Urea
surv DEPARTMENT will be compelled TO
take up fifty-three million dollars worth
of outstanding AZ bonds that will then
become due. About twenty-three million
dollars worth are held by the national
banks. Realizing that the Treasury Is al
most bankrupt the Secretary IS proposing
10 the holders Of the 4Il's that they take
in their stead 2 per cent. bonds. Really
Mr. Foster has no authority to make
any offers of this kind, but, as
he said to-day, il Is question
of must" He is in hole and he
wants to get out. He WI rely on the
sanction OF Congress when that body
meets next winter. but in view OF the fact
that Reeds plunderers have sacked the
mOney-boxes in voting pension-steals and
making the most reckless appropriations
that have ever been heard of, II ~ hardly
TO be supposed that the Democrats will
sit tameiy by in the House and submit 70
any such proceeding as that which Mr..
Foster Is about to enter into.
HARDLY EVER.
TT the holders of the bonds are willing to
accent such q scaling down all so well and
good but it is not believed that men who
have put up their money for investment
will accept any offer that badly crippled
administration may make. Ihey want
their money and will probably demand II,
though lust where the money is to come
from not even the Secretary of the Trea-
sury knows at this time.
The reckless appropriations OF Reed 8
Congress will make the finest campaign
Issues for the Democrats in the presldell-
tial-election year Of 1892.
INyEsTIGATISG CoUNTERFEITERs.
A commission of Treasury experts has
been appointed 10 make q most rigid ex-
animation into the counterfeiting that has
been going on during the past few months.
While there are not so many bands as
formerly, yet their work on the whole is
decidedly artistic, and only experts can
promptly detect the spurious, notes that
have been put in circulation 10y
the fellows engaged in this un-
lawful business. The 81 silver Ger;
tifcate that has been counterfeited
and so extensively circulated is not as good
a production as some others Tor the reason
that the ink used in the printing is shade
darker than that of the Government. and IN
the lower right-hand corner there IS de-
cided botch in one of the figures. How
ever, great many OF these notes nave
been successfully passed.
A VALUABLE REFERENcE-BooK.
Major John NJ. Carson clerk of the Ways
and Means Committee, has Just issued
from the Government Printing-Otiee
valuable book giving in convenient form
for reference the items affected by the new
tariff law, and on the opposite pages the
duties under the old law.
Ex-Congressman Baker, of Rochester,
who was in the last House chairman OF tl.'
/ Commerce Committee, IS in the city. lie
| said to-day: at is certainly pleasant to
| come TO Washington at this season of the
wear, when everything is budding out 50
beautifully-to come down as private
| citizen on personal DusluesS-Oue ~ 50
much freer than when in public life: Then
| il is pleasant TO run up against the, old
political hulks.' There are many OF them
| floating around, too"
PATENTS AND PosTMAsTERs.
Patents for Virginia John w. Mckay,
Lynchburg, assignor to the Mckay Plant
| Setting Manufacturing Company, OF Viz
ginia, combined plant-setter and seed
| planter; Alfred II. Raynal, Richmond,
governor for steam engines.
Postmasters appointed to-day for Vir-
ginia: b. b. Stonnell. Ashby, Cumber-
| land county, Uice w. ID. Stonnell, deceased ;
II. l.. Wilson, Pig Island, Bedford county,
rice S. NJ. Steger, resigRed; n. II. Cogbill,
| Chesterfield Chesterfield county, Uice L.
n. Cheatham, removed.
North Carolina: X. INSTEAD, Flat River,
Durham county. vioe n. IL. Parker, re-
signed; ]. W. Singleton, Layinia, Hay
wood county, rice G. L. Penland, resi- gned
A. Z. johnson, Rlddicksyille, Hertferd
county. rice j. d. Riddick, resigned.
MOBILE WAKING UP.