The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-07-13
OUR FINANCIAL ILLS.
NUMEROUS PRESCRIPTIONS BY va
RIoUs FINANCIAL DOCTORS.
Financial Systems Of Every Known Nation
Suggested and Many New and Unique
0nss-silver Purchase Resumed.
National Bank Circulation.

| lbS quar- has Gulss Wnuo Uue neInDerS
of congress and leaders in financial
matters are discussing various plans
by which the present situation can be
relieved the officials of the treasury
department are quietly preparing sta.
tistics and histories of financial tran.
sactions for the benefit of the admin
istration to guide its own views of
this vital subject. In many of the
bureaus the chiefs are devoting their
spare time to collection of this ia
formation so it may be in the hands of
the president and Secretary Carlisle
at the earliest possible moment. Sew
eral plans have been suggested to Sec
rotary Carlisle and he has them under
consideration.
The plan under consideration is to
redeem all TIE present paper currency
just as fractional currency is redeemed
by the Sherman act of 1875, and in
stead of the issue of what shall be
known as United States treasury note.
1t shall be redeemable in ''coin" but in
the act the definition of this word
will be plainly stated. The bank of
France has law by which notes are
redeemed partially in gold and par
TALLY in silver and such method has
been suggested for this country. In
connection with the advisability of
this, a bill authorizing the issue of
notes redemable in silver alone has
been talked of.
Among them is one which will create
considerable of a stir in financial cir
cles as it contemplates an entire change
in the money system of the United
States. In short the plan is to pass a
specie resumption act redeeming all of
the various forms of money now used
in this country and issuing instead a
United States treasury note whose
value shall always be fixed.
There are at present nine different
forms of money in circulation. These
gold coin, standard silver dollars, SUBJ
sidary silver, gold certificates, silver
certificates, treasury notes of the act
of July IA, 1890, United States notes,
currency certificates and National
bank notes. The fact of the wide diff
ference between the value of gold and
silver coins while they are theoreti-
cally of parity, is one of the causes
which suggested the plan proposed.
SILVER PURCHASES.
WASHINGTON, July THE treas
, ury department resumed the purchase
of silver bullion today, buying 100000
ounces at 72c. Offers aggregated
, 1878, 900 ounces at the same price paid
but for all offers beyond 100, 900 ounces
purchased was declined. 1t is be-
} lieved at the treasury department
: that the price of silver next Monday
will be more than it was today. This
5 is the explanation why so little of the
I amount offered was purchased.
NATIONAL BANK CIRCULATION.
National banks during the past tive
5 months increased their circulation
Q nearly $7000,000. Orders for new cir
y culation to the amount of $2,227 ,00t
o have been received so far this month
by Comptroller Eckels.
TROOPS AT ANTLERs.
0 General Schofeld today sent tele
graphic instructions to General Miles
commanding the department of Mis-
souri,, directing that the recent ordel
Z Withdrawing troops from Antlers
f o. T., be revoked. This order wa
made in consequence of a request t.
that effect made by the secretary o
the interior, who in explanation
f stated in substance that recent com.
: plication> and threatened bloodshe(
between the Jones and Locke factions
had left feeling of unrest that might
8 again assume serious form. Thi
1 condition might be precipitated by
q the execution of five Indians, mem
bers of the Locke faction, sentenced
: to be shot early in August. While
there is not now any indications o.
8 trouble. it is thought best that thu
8 troops be retained at Antlers for thu
t present.
: CHINESE EXCLUSION.
Acting Secretary Hamlin has in
structed collectors of customs in orde
,, that the department may be full!
advised concerning the admission o
Chinese persons into the United States
3 to prepare and forward to the depart
: ment statement showing the mum
Der of Chinese persons admitted by
! them from January to June 80, 1893
3 and reasons for such admission, mum
Der such persons to whom admission
J was refused and reasons therefor anC
number permitted to land for transit
NOlltCJOIb tblO cllbO iAlCNtCo " ihoh'
| weekly report of Chinese persons ad
b. mitted and evidence upon which sucl
3 action is based and also those t.
I. whom admission was refused anC
D reasons for such refusal; also person
permitted to land for transit.
= THE PRESIDENTS CONDITION.
8 The presidents friends and such O
= his cabinet officers as remain in tn
, city are quite unwilling to believe tina
2 there is anything serious or rsnuseal il
the reported indisposition of the presi
. dent. AS to the rumor that cancer
| GUS growth has appeared in the presi
dents mouth it is said the only basi
for that surprising statement is foun'
in the fact that the president suffere'
some time from bad tooth and ha'
8 also been troubled with facial neu
J., ralgia.
{ no MORE FREE SEED.
The abolition of seed distribution
through members of congress an
charging of cost Of meat inspection