Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1894-10-19
WASHINGTON LETTER.

WASHINGTON, Oct, 10 1891
Is the country in danger of being
flooded with money that will rank
about on par with that issued
in the days of "wild cat" banking,
we'll remembered by many people
now living? 1t certainly is, if a
decision Just rendered By Solicitor
Reeve, the highest law official OF
the U. S. Treasury department, be
good law. That decision says
that any county, authorized By
its State constitution to issue bonds
NAV issue bonds of any denomina'
ton it pleases that those will not
be subiectet to federal taxation
The English ofthlS decision Is that
any county may If its State con-
stituiion does not prohibit, issue
bonds in denominations of 81, or
even fractions oil a dollar, and by
making the interest nominal the
bonds would become circulating
notes; Just the same as If they
were actually issued as such, thus
pra ,ticaIly making the federal
law, which Congress at its last
session refused to repeal, lmpos'
ing a taw OF ten per cent on State
Bank Currency, a dead letter
The argument that bonds issued
IN this manner would be a great
convenience IN remote ssections OF
the country as they would furnish
the people with local circulating
medium, the lack OF which Is now
felt, is alluring. but not sound
Such money, or substitute Tor
money, once put in circulation
could never be confined to the
country IN which it was issued but
would in a short time find Its way
all over the country, and the days
of discount-always paid By the
moor man-would be renewed. No
money, or what purports to be
money, should ever be issued in
this country that is worth a dollar
at Its place of issue, but is discount
ed more and more the further 1t
gets from home. Ole experience
of that sort should bequite enough
Let US have no dollars that are
not dollars in California, as we'll as
in Name and in all the intervening
states. Money that has to he dis
counted to be spent may be a good
thing for the brokers and money
changers, but it would be a very
had thing for the people at large.
The Post Office department peo-
pie say there was no politics in
the official notification to all
Postmasters at free delivery offices
that hereafter all substitute letter
carriers must be nominated from
the eligible list; vacancies in the
carrier force must be filed, when
practicable, by the pro uotlon OF
the senior substitute; removal and
new employments OF CLERKS and
carriers must be reported to the
First Assistant Postmaster Gener'
al as soon as made, and that no
carrier is to be removed except for
cause, aud upon written charges
filed with the P. o. d., and full
opportunity given hin for defense.
All the same 1t has caused much
talk among the politicians. 1t
will, if properly carried out, de-
prive the postmasters OF the power
of appointing their subordlnates.
The theory has always been the
appointments were made at the
Post Ofce department, the Post
master merely making recommend
ations which were always accepted
by the department; the postmaster
practically made the appointments
himself. The postm lster VIII
cease to be a power IN politics L
the new rule he rigidly enforced.
Secretary Carlisle won his frs
wrestle with the sugar planters
as it was generally supposed he
would, the court having declined
to Issue the mandamus asked TO
by the planters, on the ground
that it had no authority to utter
fere with Secretary Carlisle in tn
performances ofhis constitutional,
Imposed duties. and that Congress
vas the proper party to be applies
to by the planters. Tue b ct suga
men have q much better else, il
their claim for bOnntv on snga
male b,fJ.e the tariff law tool
effect bat so far as known the
have taken no steps toward gettIn
their claim into court.
Itmay surprise many people t
be told that the populists are rur
ming candidates in 800 Congress
ional districts, yet such IS tie lac
4, INha,rmon Tauheneck. of the OOI