People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1893-12-08

first day Of November, 1893, the government
purchased under all laws 6O30O37l7 fine
ounce o. silver at cost OF 516 622,9is The
silver dollars that have been coined under the
act OF July IT, 1880 numbered $685., 2S5 The
sci ,nlOrage arising from such coinage was
s6J7.Dl6le, leaving on hand in the minis l4O.-
69l,I0 hne ounces Of silver which cost Sl26-
75s2ls
Our total coinage Of all metals durinz the
last fiscal year consisted OF 997 > 1875 pieces
valued at a .6S5, 1850 Of which there was o..
OSLO in gold coin. S5343,7l5 in silver. &. Ell.
22OO In subsidiary silver coin and 81 0s6 1903 90
in minor coins During the calender wear 1889,
the production OF precious metals in the United
States was estimated to be l.T59 80 fine ounces
OF gold Of the commercial and coinage value OF
@,OOOOO and $4,000 fine ounces OF silver Of
the bullion and market value Of S50,75O,0O1 and
OF the coinage value Of 81. 9S9.9O0
It's estimated that on the first day OF july
1873, the metallic stock OF money in the United
States consisting OF coin and bullion amounted
to sl,2lS55y 1853, Of VIII Oh ,597, 697 o. was col S
and s6l5e 49, was silver
One hun red and nineteen national banks
were or!anized during the year endin Octo-
per 81, 1873, with capital Of Sll,s000E 46
went into voluntary liquidation and l5S sus.
pended % OF the suspended banks we're in
solvent: Sc resumed business and remain in
the hands OF bank examiners with prospects Of
speedy resumption
OF the new banks organized forty-four we're
located IN the Eastern states, forty-me west
OF the Mississippi river and thirty.four in the
central and Southern states The total num-
Der OF national banks in existence on the 3lst
day OF October, 1873 was 3 7g6 having an aggre.
gate capital OF 1904 SIS, 10 The net Increase
In the circulation Of these banks during the
year was &6S76,972 The recent repeal Of the
provision OF law requiring the purchase Of
silver bullion by the government as a feature
OF our monitary scheme has made an entire
change in the complexion OF our currency
AFFAIRS l do not doubt that the ultimate result
oil TINS action will be most salutary and far
reaching
In the nature Of things however IL is impos-
sible TO know at this time precisely what con-
dltions will be brought about by the change.
or what. If any, supplementary LEGISLATION
may in the light Of such conditions, appear 10
be essential or expedient OF course. after
the recent financial perturbation, time is nee
eSsary for the re-establshment OF business
confidence. When, however, through this re-
stored confidence the money which has been
frightened into hoardint places is returned to
trade and enterprise a survey OF the situat on
Will probably disclose a safe path leading TO
permanently sound currency abundantly
suficient to meet every requirement OF our
Increasing population and business. In the
pursuit Of this object we should resolutely
turn away from alluring and Temporary ey-
pedents, determined to be contented WITH
nothing less than a las ing and comprehensive
1nlncial plan In these circumstances l nm
convinced that reasonable delay in dealing
with the subject instead OF bein, injurious
will increase the probability OF wise action
The monetary conference which assembled
at Brussels upon our invitation was adjourned
to the SOth day OF November in the present
year.
The considerations just stated and the fact
that definite proposition from us seemed to
be expected upon the reassembling OF the
| conference, led me to express willingness TO
have the meeting still further postponed. II
seems TO me that 1t would be wise to give
general authority to the president 10 invite
| other nations to such a conference at any
time when there should by fair prospect OF
accomplishing an international agreement on
the subject Of coinage.
l desire also to earnestly suggest the wisdom
OF amending the existing statutes In regard
| TO the issuance OF government bonds
| The authority now vested in the secretary OF
the treasury to issue bonds is not as clear as
1t should be and the bonds authorized are
Instantaneous TO the government both as 10
| the time OF their maturity and rate of interest
The superintendent Of immilration, through
| the secretary OF the treasury. reports that
during the last fiscal year there arrived at our
| ports 40 793 immigrants OF these 1903 were
not permitted to land under the limitations OF
the law and 57 we're returned to the countries
| from which they came by reason OF their hav.
| ing become public charges. The total arrivals
were l4l04 less than for the previous year.
The secretary in his report gives an account
| OF the operation Of the marine hospital ser
vice and OF the good work done under its su.
| pervision, In preventing the entrance and
| spread OF CONTAGIOUS diseases The admoni
tions ofthe last two years touching our pub
lie health and the demonstrated danger Of the
| Introduction Of contagious diseases from for
elm ports, has invested the subject OF ma.
tional quarantine with increased interest
A more general and harmonious system than
now exists, acting promptly and edirectly
everywhere, and constantly operating by pre-.
ventive means to shield our country from the
invasion OF disease and at the same time hav
ing due regard to the rights and duties Of local
agencies, would, believe, add greatly to the
safety Of our people.