Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-12-05

/ amounting 70 Sos. 6S0, S44, and exceeding
the amount exported during the preceding
year by S5S.4S5,5l7. The sum paid from
/ the treasury for sugar bounty was $3.50
| l30SS, an increase over the proceeding year
I OF ~. 03S 05309.
The purchase of silver under the law Of
July IA, 1880, during the last fiscal year ag-
I gregated 54,0OS, 1929 fine ounces, which
/ cost $45, 53l, 374 IS The total amount Of
silver purchased from the time that law
became operative until the repeal Of the
I purchasing clause on the LIST day Of No.
vember, 1898, was 16S GA, 59046 fine
/ ounces, which cost Sl55, $3.50, 94O.S4.
Between the LIST day Of March, 1913, and
| and the lst day Of November, 1893, the
/ government purchased under all laws 5O3,-
! COS, az hue ounces OF silver at cost or
! S5l6, So, 9lS. The silver dollars that have
/ been coined under the act OF July ii, 1890,
/ number 36,O S1, 2S5. The seignOrage arising
! from such coinage was 500, ~, 09S.39, leav-
I Ing on hand in the minis l40, 639, 100 fine
! ounces Of silver, which cost sips, 75S,2lS
One hundred and nineteen national
! banks were organized during the year end
: ing October 81, 1898, with capital OF SILL
| 23O,00 FOrty-siX went into voluntary
liquidation and one hundred and fifty-eght
suspended Sixty-fve OF the suspended
banks were insolvent, eighty-slx resumed
business and seven remain in the han0s Of
bank examiners, with prospects Of speedy
resumption.
THE SHERMAN LAW REPEAL.
The recent repeal OF the provision Of
law requiring the purchase Of silver bull
lion by the government as feature Of our
monetary scheme has made an entire
change in the complexion OF our currency
affairs. do not doubt that the ultimate
result of the action will be most salutary
and far reaching. Ia the nature of things,
however, 10 is impossible 70 know at this
time precisely what conditions will be
brought about by the change, or what, II
any, supplementary legislation may, in the
light of such conditions, appear TO be es-
sential or eXpedient. OF course after the |
recent financial perturbation, time is nee
eSsary for re-establishment Of business |
confidence When, however, through this |
restored confidence, the money which has |
been frightened into boarding places is re. !
turned 70 trade and enterprise, a survey of |
the situation will probably dis |
close a safe path leading to a !
permanently sound currency, abundantly /
sufficient TO meet every eQuirement OF our |
increasing population and business. In |
the pursuit of this object we should reso- /
lutely turn away from allowing any tenn /
pOrary eXpedient, determined to DO content |
with nothing less than a lasting and COM
prehensive financial plan. In these cir
cumstancesI am convinced thata reason
able delay in dealing with this subject, in
stead of being injurious will increase the
probability OF wise action. The monetary /
which assembled at Brussels
upon our Invitation was adjourned to the
30th day Of November in the present year.
The considerations Just stated and the fact
that a definite proposition from Us seemed
la inn Of
the conference, led me TO express a willing
ness 10 have the meeting still further post
pOued. IL scenes to me that IL would be
wise 10 give general authority to the Pres
ident 70 invite other nations 70 such con-
ference at any time when there should be
a fair prospect Of accomplishing an inter
national agreement on the subject of coin
age.
TO ISSUE GOVERNMENT BONDS.
Idesire also to earnestly suggest the wis
dom of amending the existing statutes in
regard 70 the issuance of government
bonds. The authority now vested in the
Of the Treasury to issue bonds
is not as clear as it should be. and the
bonds authorized are disadvantageous to
the government both as 70 the time Of their
maturity and rate OF interest.
IMMIGRATION STATISTICS.
The Superintendent of Immigration,
through the Secretary of the Treasury, re-
ports that during the last fiscal year there
arrived at our ports 400, 1913 immigrants. | Z
Of these /, O63 were not permitted 10 land
Iuder the limitations OF the law, and 517
were returned 70 Tue countries from
~ JON 90 they cane - N~'''~1 qSt - 49, -. |
No bacorne' public charges. Inc total ar ,
.iTaIs we're la. OS4 less than for the previ-
JUS year. -. -.
The Secretary of War reports that the 1
strength of the army on the SOth day or !
Septer Der last was -, rs enlisted men and {
la officers. The total enrolment OF the {
niIitia of the several States was on October {
m of the current year, 1889, officers and !
enlisted men. Neither Indian outbreaks {
nor domestic violence have called the {
army into service during the year ana the .
only active military DUTY required d u
las been 10 the department OF IeNas Wuere
violations Of the neutrality laws oil the
United States and Mexico were promptly
and efficiently dealt with by the troops,
eiciting the warm approval OF the civil
and military authorities Of both countnes.
In is gratifying to note that we have
begun to attain completed results IN the
scheme OF
SEA COAST DEFENSE
and fortiAcation entered upon eight years
400 A large sum has been already ex-
Dended. but the cost OF maintenance Will ]
be incOnsi derable as compared with the
EXPENSE Of construction and ordinance. Az
tps end Of the current calendar year the
War Department Will nave niue IS-ihcl
guus twenty lO-iuch and thirty-four S-lnch
Guns ready to be- mounted on gun lifts and
carriages. and seven.y-hve l2-lnch
mortsrs. In addition 10 the product
of the army gun factory, now COM
Melted at Watervlet, the government I
has contracted with private parties Tor the
purchase Of one hundred guns OF these CAL
Hires. the first OF which should oe denver
Cd to the department for test before July
!. 1894 The manufacture OF heavy ordl-
nance keeps pace with current needs out
~ render these guns available Tor the
pprposes they are designed to meet, en-
nlacsments must be prepared for them.
PROGRESS has been made in this direction,
and In is desirable that Congress by ade-
0uate appropriations should provide Tor
mo uninterrupted prosecution OF the neces-
Over nine SQUARE miles Of the Chicka-
manga battlefield have been acquired, |
twentv-fve miles of roadway have been /
constructed, and permanent TABLETS nave |
been placed at many historical points, |
while the Invitation 10 the States to mark |
the positions Of their troops participating /
in the hattie has been very generally &C |
ceDred. The work Of locating and pre- |
seryinc the lines Of battle at the Gettys- !
burg b1' .5cll is making satisfactory pro
rress on the pans directed by the last
Congress
THE MILITARY ACADEMY.
The reports Of the Military Academy at
west Point aud the several schools for the
snecisl Instruction of officers show marked
sdvsnce i'm the education Of the army and
a commendable ambition among its officers
~ eycel in the military profession and 20 |
fit themselves for the highest service OF tue
country. Under the supervision OF Adlu-