Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1893-08-31
FROM WASHINGTON CITY.

for site and building in Washington,
to be known as the Hall OF Records has
passed the Senate.
The Attorney-General has decided
that the Secretary OF the Treasury has
no authority to extend the time OF the
withdrawal Of domestic whisky from
bonded warehouses.
Consul General Mason at Frankfort,
Germany, has made report to the State
Department, in which he says that un-
der the new tariff not only will Germany
cease to draw from Russia supplies OF
rye and petroleum, every year amount
ing to millions OF dollars; but, owing to
the drought, she will have serious de-
ficit this year in her own crop OF grain,
which will call for Il very large importa-
tion OF breadstuffs from the United
States.
Senator Dol phi will make an earnest
effort to have the limit of cost of Port
lands public building increased from
S750,000 to Sl,000,000. He started the
ball rolling by the introduction of bill
for that purpose the first day that bills
were introduced in the Senate. 1t is
possible that he may be able to work the
bill through both Houses, if any are
passed ut this session. There will be no
trouble in getting it through the Senate.
The stick will come in trying to have it
pass the House. The Senator's bill for
a public building at Baker City provides
for an appropriation of 800 900, and the
same amount is asked for building at
Salem. g.
The bill OF the Finance Committee of
the Senate to allow national banks to
issue currency to the par value OF the
bonds deposited by them in the Treas
ury Is sure to experience very stormy
weather. One of the obstacles is Cock
rell's amendment directing the Secretary
OF the Treasury to redeem the outstand-
ing 2 per cent bonds by new issue of
greenbacks. Cockrell calculates that
more than 500 900, 900 of the $25 ,0O0, 900
OF these bonds will be presented for re-
demption, and that thus an issue of
more than 500 ,000, 900 in greenbacks will
be put in circulation. 1t is understood
that he has also in reserve several other
propositions that will not be pleasing to
the national banks nor their friends. In
the Senate the new Democratic Senator
from Nebraska (Allen) is also prepared
to attack the bill with an amendment for
the suspension of interest on bonds de-
posted by the national banks as the
basis for increased circulation.
Senator PETER OF Kansas has intro
duced by request two financial bills,
one OF which provides for an issue OF
O,OOO, 900 OF legal-tender money on
sheets OF aluminium or silk-threaded
paper, as the people may prefer. The
amount is to be covered into the Treas
ury rs Surplus money!" and call for
all the outstanding interest bearing
bonds is to be made, and they are to be
redeemed at par and paid for from the
surplus fund. The second measure is
headed the New Silver Bill" and
directs the Secretary of the Treasury TO
purchase all the gold, silver and sub
sldiary coins offered at any price, less
the cost OF transportation and mintage,
without regard to the price In any
foreign country. The bullion purchased
is 10 he coined into standard coins at
the ratio OF l6 to l. No reserve is to be
held, except sutliciency TO meet the
general Indebtedness of the government.
For every dollar OF gold and silver
coined the government is to issue SO in
greenbacks to supply the place of the
national bank notes. No special amount
OF bullion is to be purchased monthly,
but the purchase is to be so rs TO keep
the mints running at their full capacity.
In payments all three kinds OF currency
are to be USED, and discrimination
against any special class OF il is pro-
hibited.
Commissioner Miller OF the bureau of
internal revenue, in response TO an in
Quiry made recently, issues an official
statement as 10 the refusal OF collectors
Of internal revenue TO receive checks in |
payment of taxes. Mr.. Miller said |
The impression seems TO be general |
throughout the country that the refusal |
Of collectors OF internal revenue TO ac-
cept checks in payment OF internal |
revenue taxes is in accordance with in |
structions which have been issued by |
the Secretary OF the Treasury. No such
have been issued. The |
fact is that until recently the collectors
have, at their own risk. accepted checks |
in payment OF taxes, and the same have |
been received by the repositories rs 50 |
much cash, The condition OF things in |
the country being such at this time that |
the collectors cannot use these checks /
at the depositories IN the payment OF /
due from them on account of |
the internal revenue taxes, they ars |
compelled 10 exact payment in the
manner provided by section S47S X. s,
which is as follows: And all taxes
and all other debts and demands, than
duties ON imports, accruing or becoming
iue TO the United States, shall he paid
IN gold and silver coin, treasury notes,
United States notes or notes on national
banks II the banks could pay cur
rency ON the checks drawn upon them
by parties who have taxes to pay, the
,hecks would be rNeived by the collect.
,rs as heretofore and the existing ditf.
'uliy would bs at an end"