The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1893-03-04
FROM WASHINGTON CITY.
President Sends to the Senate the Report
Of the Delegates to International
Monetary Conference.

Monetary Conference.
Total receipts from the internal reve-
nue. for the first seven months OF the
present fiscal year were $96, 4,7S6, be-
ing $7,7l5,577 more than for the came
period last year.
The President has Issued a proclams-
ton revoking the tolls levied on Cans
dian vessels and cargoes 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 so loaded
up by the Senate that there are grave
doubts about it passing the House at all.
The bill has been known to fail in con-
terence. II would be very serious for
many public works and government in
situations if the bill should fail and ne
cessitate an extra session before June.
The Committee on Immigration has
submitted to the Senate it's report on
the bill establishing additional reguls-
tons concerning immigration to the
United States by increasing by three the
number OF the excluded classes of aliens.
The first includes the illiterate over
IL years Of axe, and speaking OF these,
the report says, in view of the alarming
charges taking place in the character OF
immigrants swarming into the United
States, the measure 10 not 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 spa
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. Unier 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 Hawaiian 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-
positors in the Hawaiian postal savings
banks, which aggregate So, ,oO), be-
sides $O,OuO per annum to the late
Queen and lump sum of $3.50, coo to
the Princess kaiaulani. 1t will also OBJ
ligste this government to pay the inhab-
itants OF said islands bounty upon
sugar produced on said islands. The
President is reqnested 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 information about the amount
OF sugar annually produced in Hawaii
and the amount OF money CURED to
pay the bounty in case o, 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
gold product in the United States to be
s33, 900, 600, abour the average OF recent
years. The product OF silver was 5S,-
,to,UO) ounces, of commercial value OF
s. 300, falling off OF 320, 90 ounces
from The prece ling year. The amount
OF sliver purchased ov the government
during tue year was 81, l29,S27 fine
ounces costing s47 .394, 29l. an average OF
81 2 cents per fine ounce. From il
D, 3oS, 10 silver dollars were coined dur
NJ the wear. The imports OF 20 4 az
grega'ed SlS, l65, o56 and the exports
$40 Si5 552, net loss OF &5S 570,5S6
The lver imports were s3i As 9oS anu
toe exports sS7, 54l, SOL the amount
ot money IN ciTcu alton exclusive OF the
= NOM. IN the treasury was 81 oil .32t.-
ol3 January |, an increase of $ls,928, I24
during the year There was an increase
OF over slt,l COO in the god product of
the word during the last calendar year.
vi this 81 30 ,u0o was from Australia
and over &c. 90, COZ from South Africa.
The total silver product OF the world in
creased about 7,650,DOO ounces, occa-
sioned chiefly by an increase of 4,6li,t 90
ounces in the product OF the Mexican
mines, and 2, 10000 Of the Australian
mines.
Representative Lind OF Minnesota
mas discovered in the Sherman bond
purchasing amendment to the sundry
CIVIL bl | 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
zreentack circulation OF 1850, 600, 900.
The Sherman amendment provides for
this issue OF bonds under the resumption
act OF 1873. That act provided for the
cancellation OF the greenbacks wi hen they
were redeemed. There was an amend
ment to the sumption act, passed early
IN the SO, which provides that the
green backs, so soon as redeemed, might
be reissued. The Sherman amendment
makes no re erence to the amendatorv
or reissue act, and Lind holds that ali
green backs redeemed under the Sher-
nan amendment must be Cancelled, and
hat the currency will be contracted to
he amount OF the redemption. As there
8 nothing in the Sherman amendment
20 prevent the issue OF national bank
notes upon the bonds it provides for, al
hough an attempt was made to prevent
I, the suppositlon is that they will be |
lsed for this purpose. Mr.. Lind saws
ha' the result OF the enactment of the |
sherman amendment will mean that |
'reen backs will be exchanged for bonds |
~ all capitalists who prefer 3 per cent |
in safe United States &C. |
urities, and that the currency will nat
rally be contracted to the amount OF |
he present 2reenback circulation, He |
avs the amendment can never be agreed |
o in the House.
The President has sent to the Senate
ne report OF the American delegates 10
he International Monetary Conference.
lfter referring TO the programme OF the
United States. which was discussed in
IL it's phases, the delegates refer to the
eport OF the committee of twelve, which
'aported aft matively upon one PROPOSE
ion, that IL was wise TO Withdraw from
none.ary circulation all gold coins and
ii paper redeemable in god OF less de-
I1m nation than Ell, 20 francs or 20
PARKS and substitute silver money for