Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1893-01-13
FROM WASHINGTON CITY.
The Treasury Large Gamer by the Com
plete Destruction by Casualty OF
Outstanding Obligations.

the Navy Department that Captain w.
T. Sampson. now inspector of ordinance
at the Washington navy yard and well
known on the Pacific Coast, will proba-
oily succeed him.
A Telegram with about seventy sigma.
lures attached, including the principal
commercial and manufacturing houses
and banking institutions OF San Fran
cisco. has been forwarded to President
Harrison and Secretary Tracy, urging
ror their favorable consideration the
claims OF the Union Iron Works for
awarding to it the contract ior the con-
struction of one OF the new men-of-war
Iowa and Brooklyn.
The Committee on Banking and Cur
rency will be called together soon to act
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 2 reduces the amount
OF bonds required to be deposited in the
United States Treasury by national banks
to nominal amount. The section will
have to be modified, as the committee is
hostile to it and believes in requiring
banks to deposit considerable amount
! OF bonds. Section relates to the tax
on circulation. The committee is in ia
vor of a reduction of the rate Of tax on
national bank circulation, but is opposed
to wiping the tax out entirely on the
ground that banks should bear their
share OF the expense of the system.
Section 4 repeats the Sherman silver
purchase provision. Whether or not
this will get the favorable indor cement
OF the committee cannot be predicted.
The Navy Department. has encountered
another obstacle in the work OF equip
ping the coating station in the harbor OF
Pango Pango, Samoa. An appropriation
of $lUo, 700 was made toward the pur-
chase of the necessary land and equip
ment. Bids were invited for the con-
struction OF an iron pier, with the neces-
sary landing facilities. Seven were re-
ceived, but only two we're low enough to
justify further consideration. Those were
made by II. Mcmahon & Son OF San
Francisco at $4,000, and the Coronado
Machine Company OF San Diego at $S4,
500. 1t 40 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 expenses, az
gregating about $4,000. The question
now agitating the department is not &c
much as to which of the two bids shall
be accepted as to the best manner oil
supplying the deficiency in the appro-
| DO. svxk Lob IL
Of Judge Advocate General Lemly, and
will probably be disposed OF in few
weeks.
the gu ject of establishing a national
quarantine has agreed upon bill, which
will be reported to the full committee
after recess. The bill agreed upon puts
the national quarantine system into the
hands OF the hospital serv ca OF the rev
enue marine. Wherever State quaran.
tine regulations exist the hospital serv.
ice OF the revenue marine shall have
power t, enforce the laws and regu q
tions of the different States. Where
there are no State regulations, or where
in the opinion of the marine hospita
service the quarantine regulation OF the
State 10 not sufficient to prevent the in
"a tdSiDuS QlsCdsc5 luJt
the United States, the marine hospita
service shall report he facts to the Sec
rotary OF the Treasury, who, if in hi
Judgment 1t is necessary and proper
shall order the marine hospital service
to make such additional rules and regu
lations as are necessary to prevent tn,
introduction OF such diseases into thu
United States from foreign countries, OF
| n Statn frays, Gt,t l.,
President is also authorized to suspend
immigration from foreign countrie.
where infectious diseases exist.
Two years ago Senator FRYE prophesiec
that time would show that the Panams
canal scheme was corrupt, and thai
within a year or two light would bs
thrown upon it and the Republic wouic
trenbie under the shock. That condi
ton exists to day. There has been som,
ia to the effect that the Panama anC
Nicaragua canal schemes are parallel
and that the disaster that has overtaker
. the French people will cause public mer
in this country to hesitate in giving theil
votes to sanction a guarantee of Ncar
aqua bonds, fearing that a scandal might
result. Mr.. Frye sees nothing of the
kind, and is emphatic in his declaration
to that effect. Said he: "There is 8
very good reason to advance, which i,
that the government should exercise
supervision over the Nicaragua can
and control all that is done there. There
Is no reason why any legislator should
be afraid to cast his ballot for BIZ
which has this end in view. beliey,
this measure will pass the Senate, but o
course such prediction cannot be mad,
as to the House. 1t can hardly be sup
posed that the bill will meet with favor
there inasmuch as 1t contemplates thu
expenditure of public money, and sucf
expenditures are opposed on that side o
the capitol"
In all the recently written matte,
about the depicted condition of tn,
United States Treasury little or no ac
count has been taken of the fact thai
with each passing year the Treasury
Is large gamer by the complete de
struction by casualty OF its outstandin,
obligations. How much this amount,
to the best ststisticians of the Treasur,
Department have no means of definjtel,
sscertainirg. No two figures are ALI a
Since 1862, when the government bsoar
to issue paper money, s., $40 500. los bac
been Issued up to July l, 1899. Within
} the same period $4, 49,, 45l $50 were ra
deemed, leaving outstanding july !
1872 LIABILITY against the government,
OF 1867, III, 40. In an exhaustive in.
curry on the subiact made bv United
states Treasurer HYATT it is estimated
the aggregate loss on all issues. nm n
Jsnnarv. 1888, would not be less tbsr
, sSs,70o,ooa, This estimate did not in
esnde fractional currency, the so cents
rs cents In aants 81