Omaha daily bee., 1892-12-18
ABOUT THE PAPER CURRENCY
Treasurer Nebeker Makes Few Significant
Remarks on the Topic,
EXTRACTS FROM HIS ANNUAL REPORT
Imperfect and Unsatisfactory Methods That
Should BE Improved Upon-Wade Hamp-
ton Out of Politics-Will Send the
Gallant Seventh South.
EXTRACTS FROM HIS ANNUAL REPoR

WASHINGTON, d. c., Dec. l7-Treasurcr
Nebeker, in his annual report, makes the
following significant remarks in regard to
the present system of paper currency III the
United States:
"The present methods of keeping account
of the issue of the redemption of paper
money are imperfect and unsatisfactory.
They do not afford the certainty of correct
ness desirab BILE in Il business of the magnitude
to which this has grown. There being no
record of the redemption beyond a simple
entry of date, denomination and amount,
the safeguards against errors are INSULT
cient. The sole reliance for accuracy is
in the examination which the notes re-
ceive in passing through the department. a
mistake of description in the original sched-
ule, if not discovered before the destruction
of the notes, would probably be perpetuatcd.
Worse than this, duplicate numbers, or
numbers never regularly issued, would be
passed without suspicion. In either case,
the fact of an error having occurred might
not be brought to light for years, And then
only by the condition of the account. IT,
for example, in the course of the liquidation
of a particular issue, an overdraft should APP
pear the fact of some irregularity would be
patent, but the correction, or even the loca-
tion of the irreguarty itself might be i'm
possible.
''While some improvement might perh APPS
be made in the details of present methods, it
is doubtful IL any system short of a complete
numerical registry of every note, with the
dates of issue and redemption, would be en-
tirely satisfactory Such records would not
only be II stable check against the errors
which occur, but would also bear upon their
face u certain evidence of their own integ-
rity and lord the means of tracing and cor
rectng any mistakes that might creep in"
Out of Politics for Good.
George c. Tanner, confederate soldier,
and political follower of General Wade
Hampton, wrote to him and urged him TO
reconsider his resolution refusing to again
enter South Carolina politics. He also out
lined certain'plans by which he believed the
general could triumph over his enemies, To
this letter Mr.. Tanner has received the fol-
lowing reply:
COLUMBIA, $. c., Dec. 13-Dcar Tanner: |
am oblidged to you for your kind letter which
reached me few days ago. Under no possi-
lS pSee s Ss S a
urged to become n candidate for governor at
the last election, but ! refused, nor would l
desired me tn 40 so. l have settled my ac-
counts between the state aud myself and am
perfectly satisfied with the result
am rejoiced only To know that the affection
OF my old soldiers for me remains unshanken
Thanking you for your kind interest, yours
truly WADE HAMPTON
North Dakotas Senatorial Contest.
Within few weeks the legislature OF
North Dakota will meet TO elect successor
10 Senator Casey. Mr. Nj. n. johnson, the
republican congressman from North Dakota
today said: Il hope the republicans OF
North Dakota, ii they caucus, will abide by
its decision as to the republican nominee
unless the selection should be Senator
Casey"
Mr. johnson added, in response TO ques
tions, that he had been informed when last
in North Dakota by memberselect TO the
legislature, that they would not 60 intc