The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-12-21

the year Will show better results, ana nc
estimates tue denciency AZ '"e
close OF tho year ~ sse'U"oo. 10 mee.
tnis ne recommends the ainenomch' o.
,ne specie payments resumption ac' OF
100 10 au'norisc nun 10 selt . per con''
oohos not exceeding s-u,"y""' III
amount NJ not less than par. saying DOW
ever that. IN ms opinion' only crea'
pressing nnanciai emergencies JUSTLY
sucn course. lie suggests that tne oouus
oe issueu IN denominations OF 60 an"
muit'p'es 'nereot 10 De SOLD throusn 'ne
suo treasures ana post oiices. III case
congress sno"iu oecine 10 ioiiow WIS
course "e recommends 'hat 'ne secretary
DO empowered 10 execute ooligauons oi
.ne government not 10 exceed sSo'"V'.
oearihs per cent. 10 De soiu or circuia'e"
,n payment oi government onisauons'
no urges prompt act,oh 10 prevent uo
serious impairment OF inc pubic service
paymeh. OIL pensions ana tne IKE. nc
ponn's OUT 'he neeess"y OF 'he eN'ens'on
ot inc power OF 'he secretary 10 'hain'a'"
u large reserve ior the redemption OIL 'ne
on"eu states currency, showing ''ia' a'
inc uate OF the resumption OF specie pay
ment oniy legal tender notes SUBJECT 10
reoempnon were outstanding TO 'ho
amount OIL s''o.oai.oio. Vow 'his ophIa-
Hon u hhcreaseu 70 si'''''''-io. =,
re speaks OF Tue heaVy exports OF Soia
curing Tue current calendar year which
hnniy, III sp'o Oh al ehort, carried 'he
goiu reserve 10 nearly s-''oo'"' ociow
INC iegai requiremehts' the lowest pom.
ever reacheu SINCE the Resumption OF
specie payment. Inc secretary auue'
AZ long as Tue government continues tho
uhwise pohey Oh kcep,ng It's own ho'es
outstanding 10 eircuiate as currency anu
undertakes to provide Tor their redeinp-
tion in coin OF presentation. IL will be, in
my opinion, essential Tor the secretary OF
the treasury to possess means to meet
such emergencies as the one whici,
recently occurred in our financial affairs
He says the repeal OF the silver purchase
act makes such radical change in the
currency policy OF the government that
until It's effects can be more fully devel-
oped he does not consider 1t advisable to
recommend further specific legislation on
that subject. He says the great increase
In the bank reserve in tho monetary CEN
ters OF the country shows conclusiveiy
that the amount OF money in the country
10 greater than required for the transac-
tion OF business. He finds ono OF the
principal difficulties OF tho treasury TO re-
N~--N 1900 $50 ''sN - 49, f-N--s~
to retain silver dollars and silver certifi.
Gates In circulation. he says ne cannot
understand why this should be the case,
ana has sought TO remedy IL by increasing
tho number OF silver certihcates OF de-
nominations less than SO, retiring tho
larger ones and substituting Tor them
larger notes oil other kinds oil currency.
Inc report then deals at length with the
tarin laws. he argues IN favor OF al va
orem duties declares the Inducements TO
co"h' 'rauas anu PerJuries arc ihucn
R'ese' unuer '"e sSs'eh' oi co'nIo"na
'",es' as "' pio'e', '"a' uuuei ."e a."
va'o,cni sys,e"h' nc aiso urges h,roneIF
'"e uesiraoh's ., i'ee raw ".a'er,as.
i"e ss'a'e, '.'enus TOT ''' nsca'
year &c rc'o on 'ne oas's oi eN's''ss ,aMs. N
LAPehui'a,cs' Sff f'''''''"'
ine esia'eu r.'ehue from customs ~
S'"''V'oo. ~ 'ne hhPor'a''ohS oi 'ne
nscai year io', arc SHOWN no. 10 eNceeu
,iiose o. ,a'i' .no ,ece,pas @ unner , 'ne pehe-
ing 'arin pn, "ni ue ei--'o"'oD'' pu' VIC
ee1,e'"is ',, peis,es 'ne profoseu ,euucuons
wiz increase ihior'a'ions anu .hinks mat
WIN ECONOMY ah increase on sio'"o'o''
an intcrnai reNenuo WIZ supply
'"o henessais ia"'s io' '"e govern
n'en'' .n's e"u no 'v'o'n''cnus az,
hi.iease y, ~ ,ei'a poi sa"ou ou o's''''', ,
sn'rl's anu nuu'Iorai taxes on cigars anu
cisare',es anu ,ie" 'aNcs Oh pias"s carus'
cos'he,ics' periu'heries' ,eeacies, sucees
siohs' incomes rom STOCKS ahu oohos Oh
corporation anu Joi'i' s'och So,npahies.
| inc eee'e'aIy says nlue' uinicni'y Is ,N-
per'ehceo py Tue oiiicers charged WIN inc
au'y on assisting III 'he 'hiotceiheht OF
,ho .n'neso , .Neius'oh Ia" '.ahon Vi
| cer'a'h Piac"ees 'esor'eu 10 Wy '"e 'h'-
| nese cooiie' am Oh ,no op'hioh ,na' as
'one as gu, Jaws pton'o'. ,ne ia'iu'hg oi
,nihese 'aporers' .he privilege OF passing
'prous. our ,errnory cahho' DO sa''y
granted' ahu shou'a AT once DC reVohea'
IL TINS p,Nhese % continueu u VIII pe
iihposspie 10 secure an enhcieh' eNeeu-
lion OF tue Jaws passea py congress ior INC
exclusion o, Sninese anorers'
ph 'he suojec, OF racihc railways ,ne
secretary says "ero ,s now outstanding
| s"s''-o'oi-o per cent. 'h'ed states bonus
| issued IN aiu OF faciiic raiiroads' pn Jan'
uary 10. l-'o, s2sbo.op of these bondsinh'
| ture and others at various dates 10 Janu.
airy !, 1893. lie adds "Tbcsc bonds are alb.
|