The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1893-12-07

change in the complexion of our currency
affairs and do not doubt that the ultimate
result of this action will be most salutary
and far-reaching.
in the nature of things, however, il is
impossible to know at this time precisely
what conditions will be brought about by
the change, or what, if any, supplement
tary legislation may, in the light of such
conditions, appear to be essential or expe-
dent OF course, after the recent finan-
cial perturbation
Time is Necessary
for the re-establishment of business conf
dence. When, however through this re-
stored confidence the money which has
been frightened into boarding places is re-
turned TO trade and enterprise, survey of
the situation will probably disclose as safe
path leading to permanently sound
currency, abundantly sufficient to meet
every requirement of our increasing popu-
lation and its business. In the pursuit
of this object we should resolutely turn
away from alluring and tempting eXpedi-
ents, determined to be content with no-h-
ing less than lasting and comprehensive
financial plan. In these circumstances |
am Convinced that a reasonable delay in
dealing with this subject, instead of being
injurious, will increase the probability of
wise action.
Authority to Issue Bonds.
I desire ais to earnestly suggest the
wisdom of amending the existing status in
regard 10 the issuance Of government
bonds. The authority now vested in the
secretary of the treasury to issue bonds is
not as clear as il should be, and the bonds
authorized are disadvantageous to tie
government, both as to the time of their
maturity and rate Of interest.
The Monetary Conference.
which assembled at Brussels upon our in
vitation. was adjourned to the present
year. The considerations just stated and
the fact that definite proposition from us
seemed to I've expected upon the reassenl-
bling of the conference led me to express a
Willingness to have the meeting still fur
thCr postponed, 1t seems to me that it
would be wise to give general authority to
the president to invite other nations to
such conference at any time when there
should re fair prospect Of accomplishing
an international agreement ON the subject
of coinage.
As to Imm grafton.
The supcrint ntsalent of immigration,
through the secretary of the treasury, re-
ports that during the last fiscal year there
arrived at our ports $40, 793 immigrants; of
these l,063 were Sot permitted TO land I'M
der tie lilFitptgls Ct the law and 5l1
were retariied'to the countries from wisch
they came by reason of their having be-
some public charges. The total arrivals
were III o34 less than for the previous
year.
Quarantine Re Cgulationg.
The secretary in his report gives an &C
count of the operation Of the. Marine hos
pital service and of the good work done
under its supervision in preventing the
entrance and spread Of contagious dis
Eases. The aGmonitions Of the last two
years touching our public health and the
demonstrated danger of the Introduction
of contagious diseases from foreign ports
has invested the sabjCct of national quar-
antine with increased interest. A more
general and harmonious system than now
exists, acting promptly and directlE cTrry-
where, and constantly operating by pre-
ventive means to shield our country from
the invasion Of disease, and at the same
time having due regard TO the right and
duties OF local agencies, would, | believe,
add greatly 10 the safety of our people.