Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1893-03-10
FROM WASHINGTON CITY.
President Sends to the Senate the Report
of the Delegates to international
Monetary Conference.


Total receipts from the internal reve-
nue. for the first seven months OF the
present fiscal year we're 500, Az, 7S6, De-
ing 81, 7l5, 577 more than for the same
period last year.
The President has issued proclama-
ton revoking the tolls levied on Cana.
dian vessels and cargoeH In the 800
canal in consequence OF the Dominion
government adopting an order in council
removing the determinations against
American vessels passing through the
Canadian canals.
The sundry civil bill has been 30 loaded
up by the Senate that there are grave
doubts about il passing the House at all.
The bill has been known to fail in con-
ference. 1t would be very serious Tor
many public works and government In
situations If the bill should fail and me-
cessitate an extra session before June.
The Committee on immigration has
submitted to the Senate it's report on
the bill establishing additional regula-
tions concerning immigration to the
United States by increasing by three the
number of the excluded classes OF aliens.
The first includes the illiterate over
biz years OF ase, and speaking OF these,
the report says, in view OF the alarming
changes taking place in the character OF
immigrants swarming into the United
States, the measure Is not a harsh one.
Aged persons, however, are permitted to
come and Join their families. The sec
ond class comprises persons partially or
wholly disabled from manual labor.
They are to be made the subject OF spe-
cial inquiry, and proof must be procured
that they will not become public charges.
The third class is made up OF persons
who belong to societies who favor or JUS
| tify the unlawful destruction Of property
or life. Under the present law, says the
report, they can enter the United States,
but the measure proposed is to remedy
| this condition of affairs.
Springer OF Illinois has introduced in
| the House resolutions for reference to
| the Committee on Ways and Means, set
ting forth that the treaty of annexation
with the Hawa ian Islands, if finally
ratified, will require the government OF
the United States to pay the public de bt
of Hawaii and the amounts due the de-
posi,ors in the Hawaiian postal savings
banks. which aggregate SO, $50, 00D, be-
sides $2O, 900 per annum to the late
| W.
the Princess Kaiaulani. It will also OBJ
lIgate this government to pay the inhab-
ltants OF said islands bounty upon
SUI ar produced on SAID islands. The
President is requested to furnish the
House with information showing the
amount of said postal deposits and the
debt OF Hawaii, the rate OF interest, etc. ;
also any lnforma ion about the amount
OF sugar annually produced in Hawaii
and the amount OF money required to
pay the bounty in case oil annexation,
besides the probable amount OF the other
obligations this government will assume
as necessary consequence OF such an
nexation.
The annual report of the Director OF
the Mint Tor 1892 shows the value of the
geld product in the United States to be
$33, 000, 900, about the average OF recent
years. The product OF silver was 5S,-
100, 00) ounces, of commercial value Of
So ,750, 900, falling off OF 800, 900 ounces
from the preceding year. The amount
OF silver purchased by the government
during the year was 54,l29,S27 fine
ounces costing SAL 1894, 29l, an average of
s7l6 cents per fine ounce. From it
6,333, PAS silver dollars were coined dur
ing the year. The imports OF gold ag-
gregated SIS, 056 and the exports
$76 SAC, 500, a net loss of $58,579, $3.50.
The silver imports were SOL ,450, 96S and
the exports S37 ,54l, 301. The amount
of money in circulation exclusive OF the
amount in the treasury was 81 ,611 1921, :
573 January /, an increase of SIS, 1928, l24
during the year. There was an increase
of over sl2, COS, 0O0 in the gold product Of
the world during the last calendar year.
| OF this $2,50A,000 was from Australia
and over $9,000,000 from South Africa.
The total silver product OF the world in
creased about 7,650,000 ounces, occa-
stoned chiefly by an increase of 1900, 90
ounces in the product of this Mexican
mines, and 2 100000 of the Australian
mines.
| Representative Lind of Minnesota
has discovered in the Sherman bond
| purchasing amendment to the sundry
civil bill an objection, which, he says,
will defeat the bill, unless the Senate
recedes. He claims that under this
amendment the Secretary OF the Treas
ury will have power to retire the entire
greenback circulation of $3.50, 600, 900.
The Sherman amendment provides for
this issue of bonds under the resumption
act OF 1875. That act provided for the
cancellation of the green backs when they
were redeemed. There was an amend
ment to the resumption act, passed early
in the SIS, which provides that the
green backs, 80 soon as redeemed, might
be reissued. The Sherman amendment
makes no reference to the amendatorv
or reissue act, and Lind holds that all
green backs redeemed under the Sher-
, man amendment must be cancelled and
that the currency will be contracted to
theamount of the redemption. As there
il nothing in the Sherman amendment
to prevent the issue of national bank
notes upon the bonds it provides for, al
though an attempt was made to prevent
it, the suppositlon is that they will be
used for this purpose. Mr.. Lind says
tina the result of the enactment of the
Sherman amendment will mean that
green backs will he exchanged for bonds
| by all capitalists who prefer per cent
| inves men in safe United States Sc
curities, and that the currency will nat
urally be contracted to the amount OF
the present ereenhack circulation. He
says the amendment can never be agreed
to in the House.
The President has sent to the Senate
the report OF the American delegates to
the international Monetary Conference.
After referring to the programme OF the
United States, which was discussed in
all its phases, the delegates refer to the
report of the committee of twelve. which
reported atli matively upon one PROPOSE
ton, that 1t was wise to withdraw rom
monetary circulation all gold coins and
ali paper redeemahle in gold of less de.