The Princeton union., 1893-12-07

! cIu SLdlcS, 1OEty one west OF tue MlSSlSSlpp1
| river and thirty -four In the Central and
Southern states. The total number Of na-
! uonal banks IN existence on the 31st day
Capital e. as haTTns Ths net ae
crease in the circulation Of these banks
during she siiyy year was, was .ss6;Y12 $ a2a
The recent repeal Of the provision of law
| requiring the purchase OF silver bullion by
+; the government a feature of none
tary scheme has made an entire change in
tne complexion of our currency affairs, and
i l 90 not doubt that the ultimate result of
this action will be most salutary and far
reaching. In the nature Of things, however,
| 1t Is impossible to know at this time pre-
cisely what conditions will be brought about
by the change, or what, IL any, supplement-
apy sigsatom may in the Light Of such
pedtent. OF course, after the recent fnAn-
fha fia peafRI1rI6%ation time Is necessary for
When. however, through this restored con-
fdence the money which has been fright
ened into boarding places is returned to
uation will probably disclose s safe ' path ati
sufficient to Meet every reaairs
business. In the pursuit of this object we
| should resoluteIy turn away from alluring
ana % temporary expedients, determined to be
| ana CON prehensive financial plan. In these
cil cGmstances l am Convinced that rea-
ssIable e delay in dealing with this subject,
probabilities Of wise action.
FOstOfhce Department.
The report OF the postmaster general CON
ta1ns detailed statement of the operations
OF Cne pOStOhce department during the last
fiscal year, and much interesting informa-
tion touching this important branch Of the
public service. That there was u larger dis
receipts and expenditures is the expected
snd b 9su Sss Of s
by the, postmaster generals report. At a
date when better times were anticipated it
was estimated by his predecessors that the
Would Be VI II little e'D over ! $1,5ooo 600. o #
an amounted however, to a little over $6,ooo,-
goo. At the same time, and under the in
made made for the the Current current ~ fiscal i:' Year ending
June 80, 1904, which exhibited a surplus Of
revenue over expenditures of $S72,245. II;
en5 in SeW if the neq n f e
rent fiscal year already expired, the present
postmaster general estimates that, at its
| Close instead Of a surplus
There viii Be n Deficiency
of nearly $s,OOOOOO. The postoffice receipts
for the last fiscal year amounted to So. .So6,-
933 16 and its expenditures to $S1, ,074, 1O4.90.
This II postottice deficiency would disappear, or
carried free through the mails, AN item of
which is upward Of 300 tons Of seeds and
grain from the agricultural department.
| United States on the Both day Of June, 1898,
was 6s,403 an increase of 1.2S4 over the
preceding year. OF these $500 were presi-
| dental, an increase in that class of 204 over
| offices were added during the year to those
| already existing. making a total of 61O cities
June &c. 1893 Ninety three rex 9th other cities ana ma
| der the law, but it has not vet been ac-
corded them on account Of insufficient funds
to meet the expense Of its establishment. -
TN,o ,s1i1y i0n moi
! the promptness of mail delivery at all Of
fees. but it is the especial instrumentality
which puts the smaller and way places IN IN
with the larger and terminal offices. Ihls
branch of the postal service has, therefore,
received much attention from the postmaster
| that 1t is in condition of high efficiency
and great usefulness, am led to agree with
| the postmaster general that there Is room
| for its further improvement
| The Navy Department.
The report of the secretary of the navy
contains a history of the operations OF his
department during the past year and ex-
hibits a most gratifying condition of the
personnel Of our navy. He presents, a
satisfactory account Of the progress which
| had been made in the construction of yes
5n apd 10 9fes Whes pames5 IS IS see
| vited. During the past six months the de-
mands for cruising vessels have been many
and urgent There have been revolutions
can Interests in Nicaragua. Guatemala,
| Costa Rica. Honduras, Argentina and Bra
lulu has required the constant presence of
| one or ships. With all these calls
upon our navy it became necessary, IN or.
der to make up sufficient fleet to patrol
| the Bering sea under the mOduS v1Vendi
agreed upon with Great Britain, to detail
| to that service one vessel from the fish
! rnrslnission and three from the revenue ma
/ rive.
The following vessels Of the new navy
have been completed and are now ready
for service: The double turreted coast de-
turreted coast defense monitor Monterey,
| the armored cruiser New York. the pro-
tected cruisers Baltimore Chicago, Phila-
Ssph SsH95 aad %r'9Ssce eruer es@F19s
troit. the gunboats Yorktown, Concord,
Bennington; 1S @ Maehi9s: 9 2; GaStne an and PetTe
vessel Bancroft and the dynamite gunboat
Vesusivfus OF these the Bancroft, Ma
| chas, Detroit and Castine have been placed
in commission during the current calendar
| year.
The following vessels are in progress of
Maine and Texas. the cruisers Montgomery
monitors Terror, Puritan, Amphitrite and
Monadnock, all of which will be completed
within one y! year; the barber defense ram
lumbia,, minneapolis, Olympia, Cincinnati
and Raleigh, all of which will be completed
prior to July l, 1870, the flrst-class battle
| ships Iowa. Indiana, Massachusetts and
Oregon, which will be completed Feb 1,
1896 and the armored cruiser Brooklyn
which will be completed Aug. Of that
! year. 1t is also expected that the three
| gunboats authorized by the last congress
will be completed in less than two years
Immigration.
-, The superintendent Of immigration,
| through the secretary Of the treasury re-
ports that during the last fiscal year there
arrived at our ports 44O,793 immigrants.
| OF these 1,063 were not permitted to land
under the limitations Of the law, and SIT
! were returned to the countries from which
| they. came by reason Of their having become
public charges. The total arrivals were
| l4l: :O34 less than for the previous year.
The admonitions of the last two years
| touching our public health and the demon
strated danger Of the Introduction Of
vested the subject Of national quarantine
with increased interest. A more general
acting promptly and directly everywhere
and constantly, operating by preventive
| means to shield our country from the in
| vasion Of disease and at the same time
| having due regard to the rights and duties
| Of local agencies would, believe, add
| greatly to the safety of our people.
Sea Coast Defenses.