Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1892-12-16

pockets OF the people ana not inVo 'ho P~0
lie treasury, as before. -, A.. a..
II there are any who still think Nae eu
snrn,us should have been kept QUE OF cneu
lation hy hoarding it in the treasury,
Sanoeitei in faye-sl banks witheut interesa
Ia Isi tba Government continued to pay H
thssa very hanks interest upon the oonh
danosited "a security for the deposits or
who think that the extenied p7nson lseiy
Iaton was public robbery, or that tnt
d,,t;es ,,oon su9ar should have been mAln.
tained I am content to leave the argumen'
vhere IL now rest while we walt 70 -
whether these criticisms will take the Ioru
of legislation. a,,,
The revenues for the fiscal year enadlni
June 30. 1892. from all sources were S'S''
sss o6o %. and the exoen litures fo' al pllr-
moses wera s4i5, 9j3 SBG. leaving a oalanco
Of s9. 9t4, ,453. 80. There we're paid dur.ns ~
the year upon the pubic deo1 st1'.o.S
A87 QS. The surplus in the Treasury tnu
che hank REDEMPTION fund. passe1 by theie5
OF July IA 1890. 10 the general Iun1. ~
.,ishsi 10 large part the cash ETaliaofepGa-
used for the payments made upon the pub
lic debt. COMPARED with the year 1891, our
racaints from customs duties fell OH $42.-
0G 24t .O8. while our receipts from internal
revenue increased S, 2S4 S33. l3, leaving tns
net loss OF revenus from these prihclPati
sources S33 Isl, ,4lI9j. The net loss o g, o'
revenue from all sources was s5ao'o'S, S'Sl.
The revenues, estimator ana aceo1'' Ior
the fiscal year en- linz June 30, 1913. are
,,iecad Inv the Secretary at 1853. 335, $50 a
ami the expen iitures at A5i $50 9oj'ft'
sho wing a surp'us OF receipts over exoendl-
lures of 81 100000. The cash balance IN tns
Treasury at the end OF the fiscal year IL Is
estimated will be $40, 292, ,377 .03.
The estimate recsiots for the hscal year
ending June. -, 1894, are $49), III 351.5o
and the estimated appropriations s49i ,2ol,-
335. 30, leaving an estimated surp US OF r.
ceipts over expenditures of S32, $50, O3lV9.
This does not include any payment 70 tue
sinking fund.
The public confidence in the purpose an
ability of the Government to MAINTAIN toe
purity OF all our money issues, wneInsr c9lu
or paper. must remain unshaken. Inc de-
mand for gold in Europe and the consequent
calls upon US are considerable dsSre'
the result Of the efforts OF some OF the Euro
mean Governments to increase their goiu
reserve. and these efforts should oe met oy
anpronria,e legislation on our part. Inc
con lltions that have created this dram OF
the Treasury gold are in an jmoorglnt de-
,rree political and not commercial. IN vie"
Of the fact that general revision o. QUE
revenue laws in the near future s9em - os
probable, it would be better that any caanses
should be part OF tnat REVISION ra'u-' ''N"
of a temporary nature.
SILVER BOUGHT AND COINED.
During the last fiscal yaar the Seoretlry
purchased under the act OF Jlly Ii, 1871
"a 355. 748 ounces OF silver. and issued IN
payment therefor Sj4, 1860 innot9s. Ins
total purchases since the passage Of tne act
have been l2O.47g, JS1 ounceS AMI the az
8 f--tfal eilt ~ J. Ina
average price paid for silver curing the year
was 81 cents per ounce, the highest pre- be
ING 5. .O2sI July /, 1891, an / the lowest - -
March si. 1922 In view Of the fact that the
monetary conferences IS nov slttin an v4tO
no conclusion has yet been reacA 'd' H,yi-
boli anv Recommendation as to legislation
upon this subject.
ARMY REORGANIZATION DEMANDED.
The report Of the Secretary OF Var
bruZ, again 10 tbs attention OF Consre's
some important suggestions as to tne re-
oryaaization Of the infantry aat ARTILLERY
arms of the servcs wh.cl hi, preteces-
sars have before urgently presenter. l.. oar
army IS small, out its organization
should all ths more bs put up)n tha most
approved modern basis. The condition.
ilpon what we have called the frontier
have hereto ore req1lrel the maia
tenance OF many small pos's but nos
the policy Of Concentration Is OBVIOUSLY tn'
right one. The reOrganiz ltion AMI eniarse-
ment OF the Bureau 0. Military Information
which the Secretary has effected is WORK
the usefulness o. which will become every
ve1r more apparent. The work OF building
heavy guns and the construction OF coast
defensss has been we'll begun AMI should os
carried on without check.
CLAIMS AGAINST THE GOVERNMENT.
The aggreZate Of claims pending against
the Government in ths Court Of Claims Is
enormous. Claims 10 the amount OF nearly
$40 DO0, 600 for the taking OF or injury TO
the property Of persons claiming to oe loyal
during the war are now before that court for
exa ninltion. Waen t. tless are a idst ths
Iniian depre iation claims and tls French
sooiation claims an aggregate Is reaoaet
that is indeed startling. In the defense OF
all thesc cases the G)vernmsnt is at great
disadvantage. The claimants have preserved
their evidence, whereas the agents OF the
GoyArnment are sent into the field to rum
mage for what they can find. The difficulty
Is peculiarly great where the fact TO beestao-
lishei is the dislOyalty OF ths claimant dur
ing the war. II this great threat against
our revenues is 10 have no other CHECK cer-
tainly Congress shoul supply thu Depart
ment Of Justice with appropriations SUM
GENTLY liberal to secure the best legal talent
in the defense Of these claims AMI TO pursue
its vague search for evidence effectively.
POSTAL AFFAIRS.
The postal revenues have increased during
the last year nearly 5000 00J. The deficit
for the year ending June 81, 1897, is S54S,
/ 3l1 less than the deficiency Of thu preceding
ear. The deficiency OF ths present fscG
/ year, it is estimltel, will b9 r9lucod to ST.
552 493, which will not only b, extinguishsl
during the next fiscal year, but surplus OF
nearly one million dollars should then be
shown. In these calculations the payments
to be made under the contra cts for ocean
mail service have not been included.
There have been aided 1899 new mail
routes during the year, with mileage OF
1858 miles; AMI the total number OF new
miles Of mail trips added during the year /,
nearly seventeen millions. The numoer OF
miles of mail journeys lds1 during the
| last four wears IS abo 1t seventY-siK millions,
this addition being tweuty-one millions OF
miles more than were in operation Ia the
whole country in 1861.
The nunber OF postofficss has been In
creased by 279) during the year; AMI turing
the past four years AMI up to Octooer 20
last the total Increase in the number OF Of
fees hes been nearly nine thousand. LA
number OF free-ielivsry ofiice4 has bsen
nearly doubled in the last four years and
the number of money-order Offices more
than doubled within that time.
For the three years ending June 81. lSss,
Z the postal revenue amounted to Sl9i, 4l' . %
which was an increase Of So, 263, l5J over ia
revenue for the three years en- ling June 5O'
/ 1888, the increase during the last three years
being more than three an a half times a.
great as the increase during the three years
ending June 80, 1855.
A who esoms clanye OF policy ant one
having in it much promise as 1t seems %
ma. was begun by the law Of March 3, lo5l'
Under this law contracts have been maze oy
the Postmaster-G for eleven mall
routes. The expenditure involved by tines
contracts for the next fiscal year approxl-
mates 1915. 1888 As ono OF the results al
really reached 16 American steamships OF an
agyre gate tonuage OF 5L4)) tons, costin
Z S7,40l, O00 have been built or contractor "
be built in American snipyaris.
No subject, think, more nearly touches
the pri ie. the power an1 ths prosperity OIL
our country than this OF the development OF
our merchant marine upon the sea. IL we
could enter into conference with other com
petitors AMI all would agree to withhold
Government aid we could perhaps take our
CHANCES WITH all the rest, but our great com.
Ia al N a 4