The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1893-01-07
FROM WASHINGTON CITY.
The Treasury Large Gamer by the Com
plete Destruction by Casualty Of
Outstanding Obligations.

4
reau Of ordnance OF the Navy Depart
ment, has been retired. II 10 stated q
the Navy Department that Captain W
, I. sampson. now inspector OF Ordinanc,
st the Washington navy yard and vel
known on the Pacific Coast, will proba
bly, succeed him.
A telegram with about seventy sigma
lures attached, including the principa
commercial and manufacturing houses
and banking institutions Of San Fran
cisco. has been forwarded to Presiden
Harrison and Secretary Tracy, urHini
Tor their favorable consideration tn,
elaine OF the Union Iron Works fol
awarding to it the contract for the con
struction OF one of the new men-oE WA
Iowa and Brooklyn.
The Committee on Banking and Cur
rency will be called together coon to aci
on the bill introduced by Representative
Andrew OF Massachusetts,, proposing
more liberal legislation in behalf OF ma.
tional banks and the repeal OF the silver
bullion purchase clause OF the Sherman
act. The majority Of the committee is
disposed to recommend the first section
OF the Andrew bill, which authorizes
national banks to issue circulating bonds
deposited. Section reduces the amount
OF bonds required to BE- deposited in the
United States Treasury by national ban q
to nominal amount. The section will
have to be modified, a. the committee ID
hostile to it and believes in requiring
banks to deposit considerable amount
oil bonds. Section 3 relates to the tax
on circulation. The committee 10 in ia
vor o. reduction of the rate OF tax on
national bank circulation. but 10 opposed
to wipln2 the tax out entirely on the
ground that banks should bear their
share OF the expense OF the system
Section repeats the Sherman silver
purchase provision. Whether or not
this Will get the favorable indor- ement
oil the committee cannot be predicted.
| The Navy DEPARTING Mt has sncoun tered
another oostace in the work OF equip
ping the coaling station in the har Dor OF
range Pango, Samoa. An appropriation
OF $lOc,0OO was made toward the pur-
chase OF the necessary land and equip
ment. Bids were invited for the con.
struetion OF an iron pier, with the neces-
sary landing facilities. Seven we're re-
ceived. but only two were low enough to
justify further consideration. Those were
made by II. McMahon 4 Son OF San
Francisco At 81, 700, and the Coronado
az company VI Gan bitKD II kSA,-
oOo. 1t so happens, however, that even
these bids are in excess OF the available
balance OF the appropriation, which has
already suffered severe drains to meet
the necessary preliminary CT pen ses, az
sregating about $500 The question
now agitating the department, is not 90
much As to which OF the two bids shall
De accepted as to the best manner OF
supplying the deficiency in the appro-
priation. The matter is now in the hand,
OF Judge Advocate General Lemiy. and
viii PROBABLY Do disposed OF in a few
weeks.
The subcommittee having charge Of
The su ! lect OF establishing national
quarantine has agreed upon o bill, which
Will be reported To the full COMMITTEES
alter rece $. The bill agreed upon puts
the national quarantine system into the
hands OF the hos pital serv CO OF the rev.
enue marine. Wherever State ouarnn-
tine regulations exist the hospital .ery-
zee OF the revenue marine shall have
oower - enforce the laws and revura-
tons OF the different States, Where
there are no State regulations, or where
n the opinion OF the marine hospital
service the quarantine regu iation OF the |
state is not sufficient to prevent the in /
troduction OF contagious diseases into
the nited states, the marine hos pital
service shall report the facts TO the sec
retary VI the Treasury, who, IL in his
lnuXment II 10 necessary and proper.
snail order the marine hospital service
70 make such additional rules and r.yu-
.ations as are necessary to prevent the
lntfoiaction OF such diseases into the
. hited states from foreign countries. or
,nto one state from another State. The
PRESIDENT IS also authorized to suspend
III iEtation from foreign countries
where Injections diseases exist.
Two years ago Senator FRYE prophs,i.d
mat time would show that the Panama
'anai scheme was corrupt, and that
~thin year or two light would b.
'hrown upon it and the Republic sould
rem Die under the shock. Tina. condi-
ioh exists To- day. There has been som.
=. q 70 the effect that the Panama and
,'sa.aRua canal schemes are parallel.
Ihu shat me dlsas. er that has overtaken
ns french people will csu'e public men
a .n's country to hesitate in giving their /
totes to sanction q guarantee Of NJ, /
qua bonds, fearing that a scandal migh, q
esu L. Mr.. Frye sees nothing Of ths >
'lnd, and IA emphatic in his declara,ion
that effect. Said he "Theye /.
cry coed reason to advance, which /.
nat the government should exercise T.
upervlsion over the Nicaragua can =
no control all that Is done there The,s
no reason why any legislator xhould
AFRAID to cast bis ballot fer = b,I :
men has this end in view belI.v. /
hls measure will pass the Senate, tut Of 4
9ufse snch prediction cannot be made p
10 the house. ltctn hardly be ann a
osed that the bill will meet with favor
lere' ,nasmnch as 1t contsm plates tn. il
tpehd.ture OF public money, and snrh !,
tpehditur are opposed on that aide of o
he capitol" VI +
In All the recently written matte, u
'ou' tne dtp'eted condition of ths
hieen states treasury little or no ar. C,
,uhI mas Deem taken OF the fact that B
'tn each passing year the Trsa,nrv n
large gamer by the complete do r.
ruction by casualty Of its ontstandin, q,
'.igations. How much this amount.
tne pest statisticisns OF the Treasn,v >,
'psrtment have no mean, of de6ni,.ly Il
certa ming. No two figures arc ,lis. q,
nee 1852, when the government h. or pi
Issue paper money, 1913. 500. lOs b.J oil
en- Issued mp 10 July |. 1892 VIII 81
same period a ,852, 45I 500 were 70. m
emeh, leaving outstanding Jnlv I
~, liability against the government br
*"', Ia, 40. In an exhaustive in D,
Iy on the subject made by United cl,
ates treasurer Hyatt 1t IL estimated h.
aggregate loss on all Issues, mn N II
nnsry. lss', would not he less tb.n bp
,IU'oo. This estimate did no, IN ii,
zoe fractional currency, the so cent.
cents, ID cents and s cent sbin,
'sters in such extensive cir, ulstion io, .,o
CIV years following the war. Uni,ed IN