Courier Democrat. (Langdon, N.D.) 1891-1920, 1893-12-14

rn nI value Of ss GOO, eco. and 900. goo
fine ounces Of silyss o sf the bullion or
market value Of $1ut.deoVu, ana OF tne coin
age value of S1l.9S'.oeA
il is estimated that on the first day Of
July, 1875. the metallic stock OF money In
hui amounted TO Si,31S, $50 1850. OF
which $50, tsT $50 was. gold and SG1S.>
S6l, 4S4 was silver. One hundred and nine.
teen national banks were organ ,,h unr,nns
Of $l1.:SsO.OOO. Forly-SiN went into y0lun-
tary liquidation and us suspended. Sixty
| five of the suspended hanks were tnsoiven,,
manned IN the hands of bank examiners
with prospects OF speedy resumption. or
the new banks organized II were located IN
the Eastern states. IL west - the Mtsss-
Sippi river and IL in the central anu South
ern states. The total number OF national
banks IN existence 30, on inc :ist DAY OF oc,
capital Of $ts'5,5;,S. TO The net increase In
the circulation OF these banks during the
year was $;HSSG912.'
Regarding silver Repeal.
The recent repeal of the provision I,,,! Of law nv
the government Il feature Of our none
t;iry scheme has made an entire change III
the complexion of our currency ann!rS, and
do NOT doubt that The ultimate result Of
this action Will be most salutary and far
reaching. In the nature of things. how
ever. it is impossible to know at this time
precIStlS WIti CoiNllitu WILL Uc DtOuSHt
about BY the change. or what, If any. sup
Elementary legislation may in the light OF
such conditions, appear to be essential or
establishment of business confidence.
When, however, through this restored con
ened into boarding places is returned to
trade and enterprise. a survey Of the situa-
ton will probably disclose safe path lead
ing 10 Il permanently sound currency,
nhllNUHnfIC S1ttipinOT n
mcnt or our increasing population and of
business. II the pursuit of this object we
should rrsolntely turn away from alluring
and temporary cNpcdients, determined to
be content with Eo1hing less than Il lasting
and comprehensive financial plan. In these
crcrnsnnGes | am convinced that II rea-
instead of being injurious. will increase
the probabilities Of wise action.
Monetary Conference and Bonds,
The monetary conference which assembled
at a,t,,, Hrl'sscs upon our invitation was adj
Thc considerations! just stated, and the
fact that d"tHitc proposition from us
seemed SCENE! to be expected upon the reassem-
Willingness to have the meeting still
further postponed. 1t seems to me that it
Wouii DC Wise to give general authority
to such Il; conference at any time when
there should he 4 fair prospect OF accom-
pInSihlnS IN International agreement on the
H"'I'NI VI ''iiiiH' tt'Slfp also TO earnest
~ suggest the wisdom Of amending the cx-
listing statutes in regard to the issuance
or government bonds. The authority now
vested in the secretary of the treasury to
issue bonds Is not as clear us it should
he. and the bonds authorized arc uisauyap-
taEcouS To the government both as to the
time OF their maturity and rate Of interest.
lmmiSrati"n and Quarantine.
The superintendent of enumeration.
through the secretary Of the treasury. 70.
ports that during the last fiscal year there
arrived at our ports 40 7G; immigrants.
or these LOG; were not pcrmitted to land,
ana 81! were returned to the countries
from which they came by reason Of their
having become public charges. Tho total
arrivals were III .O34 less than for the Drr-
viouS year. The secretary, in his report.
gives ~ account of The operation of the
marin" hospital service. ana OF the roor
work done under lis supervision in pre-
venting IN" entrance and spread Of con-
tagiouS diseases.
Tho. adln"nitons OF the last two years
touching orr public health and the demon
Strated danger OF the Introduction Of con-
faglons diseases from. foreign ports has
invested The subj rrt OF national quarantine
with increased interest. A more general
ana harmonious system than now exists
acting promptly and directly everywhere
ma constantly operating by preventive
means to shield our country. from the in
Vasion OF disease. and at the same time
having du" regard TO the rights and duties
u Local agencies. would. ! believe, add
greatly to the safety Of our people.