The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-12-07

I
phasized before looking into details
First. that the public deb, ss been
reduced since March /, 1889. sl59. 0-4.-
900, and the aunua! interest oh-rgr Sill
654, 469, second, that There has been
paid out for pensions daring This admir-
istration up 10 November !. Isg2. S432.
56i, lis 20. an eXc, - of $l;4. 40 3>6 Oh +
over the sum expanded duran. he peri 4 .
from March l leSj. ~ March |. lcsa. +
and third. that under IA, .Xi-',nr i
tariff up to December i, Shsut S9S. /
600, 600 of revenue, ~h.la woL1 T.
have been collected upon imp r-,i I.
sugars if the du'y h4i bee. u4ju;ajred, .
mas gone into the pockets # tHe people 4
ard not in their public " a,ury. rs bee
fore Ii there are any Who silt tim x
that the surplus should have !. en kept
out of circulation by hoar1Icg It in The
treasury or deposited in favored banks
without interest, while the government
continued 10 pay u these vers banks in
terests upon the bonds deposited. As So
curlty for the deposits, or Who think jhst
the extended pension Legislation was pub
| lie robbery, or tia tine duties upon sugar
| should have been maintained, | am con
| tent to leave the argument where II now
rests, while we want To see whether these
criticisms will take form OF legislation.
During the last fiscal year the secretary
| purchased under the act of July Il.
| 1890, 5i,355,14S ounces of silver and
issued in payment therefor S5l. l06, Cos
in notes The total purchases since the
the passage Of the act have been l20.
479,9Sl ounces and the aggregate of
notes issued $i16, 7s3 $50 The average
price paid for silver during the year was
"a cents per ounce, the highest price
being $I02 ga, July l, 1891. ard the
lowest SO cents. March 2l, 1892.
In view of the fact that the monetary
conference is now sitting and that no
conclusion has vet been reached, | with
hold any recommendation as to legisia
ton upon this subj.ct.
The War Department.
The report of the secretary of war
brings again TO the attention of congress
some important suggestions as To the re
organization of the infantry and artillery
( arms of the service, which his prede
, cessors have before urgently pre-
, sented. Our army is small but it:
organization should all the more be pu
| upon the most approved modern basis,
Department OF Justice.
t The report of the attorney general Il
by law directly to congress.
u Postonice Department..
e The report OF the postmaster genera
u shows a most gratifying Increase and
most efficient and progressive manage
ment of the great business Of that de
n partment The remarkable increase II
81 revenues in the number Of postotfices, II
1t the miles of mail carriage furnishes fur
"a ther evidence Of the high state prosper
Is ity which our people are enjoying. Ne'
Ia offices mean new haml-ts and towns
We New routes mean the extension If oil
th border settlements and increased Tcv,:
We ues mean an active comm roe. III
lie postmaster general reviews the who
period of his administration at The "ih'
'r. and brings some his sttustic; down
OF the mouth Of November st. II
en- postal revenues have Increase duFi1
TO the last year nearly 1000 800. T
ity deficit for the year en1iag Ju
ms 80. 1892, is s94 s3f less than (
qfnenes 'Tn, 2hboe, an4. nresonf teal y,
in it i, esTfim 4ted' will be reduced :" :
its 552 .423, when viii not puiy be exu
ch gulshei during the afxt ti- 4 y-ar, T.
ms Il surplus of nearly : 600 900 sh uid ~
30 be shown In Fhe-e caiCu- .tiens the p
ih meuts TO he made uaier the eou trac'-
ire ocean IT I'll service nave n y be" loclu
hiy The postal revenue Gm."lhte 1" 81
,od IA 353, which VAS AN lGcIra-e oi -
l63 80 over the rcvcnp1 f'r tia IA
years ending June 30. 1855. The iucfe
the during the last three years being 10
: a than three aud p baif times rs great
lets he increase during the three year el
of ing June 80, 1888. No such increase
ger that shown for these three years has c
J OF previously appeared IN the revenues
ned the department
TINS Merchant Marine.
-ory Ever since our mert hant marine
by driven from the sea by the rebel cru
'aro during the war of the rebellion TIT Un