Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1893-12-08
Its Repeal Has Changed tho Compile,
ion of Our. Currency Lava.

Its Repeal Has Changed tho Complex.
ion of Our Currency Laws. s.
The recent repeal Of the provision of the
law requiring the purchase of silver bull
lion by the government as q feature of our
monetary scheme has made an entire
change in the complexion of our currency
affairs and do not doubt that the ultimate
result of this action will be most salutaxy
and far-reaching.
In the nature of things, howeves it ia
impossible to know at this timepreCisely
what conditions will be brought about by
the change, or what, if any, supplement
tary legislation may, in the light of such
conditions, appear to be essential or expe-
dent. OF course, after the recent fipea-
cial perturbation
Time is Necessary
for the re-establishment of business conf
dence, When, however. through this re.
stored confidence the money which has
been frightened into boarding places is re-
turned to trade and enterprise, survey of
the situation will probably disclose as safe
path leading to a permanently sound
currency, abundantly sufficient to meet
every requirement of our increasing popu-
lation and it's business. In the pursuit
of this object we should resolutely turn
away from alluring and tempting expedi-
ents, determined to be content with moth
ing less than q lasting and comprehensive
financial plan. In these circumstances I
am convinced that reasonable delay in
dealing with this subject, instead of being
injurious, will increase the probability Of
wise action.
The Monetary Conference,
which assembled at Brussels upon our tn
yitat1on, was adjourned to the present
year. The considerations just stated and
the fact that a definite proposition from us
seemed to be expected upon the reassem-
bling of the conference led me to express q
willingness to have the meeting still fur:
ther postponed, It seems to me that it
would be wise to give general authority to
the president to invite other nations to
such a conference at any time when there
should be q fair prospect Of accomplishing
an international agreement on the subject
of coinage.
Authority to Issue Bonds.
l desire also to earnestly suggest tho
wisdom of amending the existing status in
regard to the issuance of government
bonds: The authority now vested in the
secretary of the treasury to issue bonds In
not as clear as it should be, and the bonds
authorized are disadvantageous to the
government, both as to the time Of their
maturity and rate Of interest.
As to Immigration.
The superintendent of immigration.
through the secretary of the treasury, re-
ports that during the last fiscal year there
arrived az our ports 44O, ,783 immigrants; Of
these / l,06s were not permitted to land un-
der the limitations of. the law and ST
were returned to the countries from which
they came by reason of their having b.
come public charges. The total arrivals
were 141 ,O34 less than for the previous
year.
Quarantine Regulations,
The secretary in his report gives an ao-
count of the operation of the Marine hos
pital service and of the good work done
under its supervision in preventing the
entrance and spread of contagious. dis
eases. The admonitions of the last two
years touching our public health and the
demonstrated danger of the introduction
of contagious diseases from foreign ports
has invested the subject Of national quar-
antine with increased interest, A more
general and harmonious system than now
exists, acting promptly and directly every
where, and constantly operating by pre-
yentive means to shield our country from
the invasion of disease, and at the same
time having due regard to the right and
duties of local agencies, would, believe,
add greatly to the safety of our people,