Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1893-12-16

west Of the Mississippi river aaA
~ In the central and southern
states. The total number OF national
banks In existence on the 3ist day of Oc-
tober. 1893, was 3,706, having an aggre-
gate capital of s695 5,55s, ,120. The net in
during the year was &c, ,SS6,972
Repeal Of tho Purchasing Clause.
Tho recent repeal of the provision of
bullion Ivy the government as q feature OF
our monetary scheme has made an entire
change in the complexion of our currency
affairs. do not doubt but that the ulti-
mate result of this action will be
most salutary and far reaching.
In the nature of things, however, 1t Is inn
possible to know at this time precisely
what conditions will be brought about by
the change or what, If any, supplement
ary legislation may In the light OF such
conditions appear to be essential or expe-
dent. or course, after the recent finan-
cial perturbation, time Is nece ssary for the
establishments OF business confidence.
When, however, through this restored
confidence the money which has been
frightened into boarding places Is re-
turned TO trade and enterprise q
survey OF the situation will prob
nbl, disclose safe path leading to q
permanently sound currency, abundantly
sufficient to meet every requirement of
our increasing population and business.
In the pursuit OF this object we should res
oiutely turn away from alluring and tenn
porary expedients, determined to be con-
tent with nothing less than q lasting and
comprehensive financial plan. In these
circumstances / am convinced that q
reasonable delay in dealing with the sub
ject instead of being injurious will in
crease the probability OF wise action.
The monetary conference which as
sembled at Brussels upon our invitation
was adjourned to the 30th day
OF November in the present year.
The considerations just stated and the
fact that definite proposition from -
seemed to be expected upon the reassem-
bling 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 author
iiy to the president TO invite other nations
TO such conference at any time when
there should be fair prospect OF accom-
plishing an international agreement.
Government Bonds.
On the subject OF coinage I desire also
to earnestly suggest the wisdom of amend
ing 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 so
titdt dS III buOuiU Ue anu IDt DOuuS hutuOT-
lied are disadvantageous to the govern
mcnt both as to the time Of their maturity
and rate OF interest.
immigration.
The superintendent of immigration,
through the secretary OF the treasury, re-
ports that during the last fiscal year there
arrived at our ports 4i' 1893 migrants;
OF these 1853 were not permitted to land
under the limitations OF the law and 557
were returned to the countries from
whence they came by reason Of their
having become public charges. The
total arrivals were l40, 0,03i less
than for the previous year.
The secretary in his report gives an ac-
count Of the operation OF the marine hos
pital service and of the good work done
under its supervision, preventing the en-
trance and spread Of contagious diseases.
The adnonitions OF the last two years
touching our public health and the dem
onstrated danger Of the introduction OF
contagious diseases from foreign ports
has invested the snbject of national quar-
anntine with increased interest A more
general and harmonious system than now
exists, acting promptly aud directly
everywhere, and constantly operating by
preventive means to shield our country
from the invasion OF disease, and at the
same time having due regard to the rights
and duties OF local agencies, would, be-
lieve, add greatly to the safety Of our
people.