The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1895-12-06
.ANNtJA |. 0Rls
THE PosrHAs1r ALs s AND.
DIRECTOR ol lliSr


Washington, Nov. Postmaster
General Wilson Inns made hfs first an-
nual report to the president. The re.
ccipts of tho postoillce demrtnient fer
the year ending June Iss,5, were
$l6,1I1, 600, ard the expenditures $780,
l9O,172. 1t Is grntifylaE, says the re.
port, tllAt large Hon OF the de.
ficiency occurred insthc frst quarter
Of the year. and tllatsfeyenucs arc In
cicasing with retus6ipE prosperity.
Mr.. Wilson estimates die revenue for
the year ending June 1 1907, at SS0,-
ly8.l0. md the exps lttlres at SOl,-
/ sSa5,gU, the -sli6cx xvzstsse6 fcz1uauH1upT
by congressional appropriation. m
speaking Of the deficiency Mr.. Wilson
SAYS:
.'The regular annual deficiency in
the revenues OF tile postal service, EN-
iphnsized as 1t appears to be by the I'm.
usual amount of the deficiencies for
the past two years, may call forth
comment from those who believe that
the postofffcc department slilnld lie
self-sustainlpg, but 1t should be re.
membered that the free business done
by the department for other branches
and departments of the governme.H,,
IL paid for at regular or cost rates,
would more than wipe out the de.
ficiencies."
Mr.. Wilson recommends legislation
to prevent abuse of tie second class
privileges. He also favors the exten.
sion of the civil service system.
Figures ON Coinage,
The director Of the mint has sub.
mftted his report to the secretary of
the treasury. The value of the gold
deposited Mt the mints and assay otll-
ces during the fiscal year was $751;
4Se,0S2, of which $65,161 COZ were
original deposits and S222321, ,O22 were
rcderoslts. The value Of the silver
deposited during the fiscal year was
81! 1896. OF Which f15234.7tO were
original deposits and a4I9,6ti5 rctic-
posits. The coinage by the mints dur
Ing the year was: Gold, S43a,33, ,475;
silver dollars. S3,95GO11; subtreasury
silver coins, s.. liz. .469; minor coins,
Sl2,o94. total coinage of S5S.715,-
540. In addition to the coinage ex-
ccutcd by the mints during the year,
gold bars We're manufactured of the
value OF S43. 1.3.31O and silver bars to
the value of s1O,341.54S.
The average London price of silver
bullion during the year was God, equiv
uient 10 OS.o cents. The highest price
OF SILVER during the year was GS cents,
and the lowest price. sos cents. Al
the average price of silver bullion
during the fiscal year, the ratio of
gold to silver was I to 32.5 and the
bullion value Of a United States silver
19l.tr 1.i was So.iaitS.
me yaiuc OF the gold and silver es-
.lliu..eG ,N 10 haVe heen used In the In
.'.sarn.i saI nrts during the calendar year
DE- cl isvt, Was anproXlmatcd at S21 .541.-
:oS' Ss o., o. Wnich " Slo.aIoS.6O4 was gold and
SlO:aSSO4s was silver.
Inc estimated metallic stock In the
United states ON July 1, 1905. was
goa: !.'3V.z29.s2o; silver. $G25, 5,S53,9l0,
q .otal OF 2G2.O4S,114.
iA.a.aa.et aez ,esesl ->:.d
elNet ,1n. ~ 'ne OnMea nse SsaIes curing the
!e.g ~ ron .o14. oon Was M koiu. sos,S; sllSer'
sv',sW'O ,.. h.'e 80, ouMses. VI 'hs CONNER
elaI Nhiue OF aS' s3!.aSsv' ana the coin.
lng ~ saiGe oI $osOO,Ov.
lns ss,inh.tel proauc'loh OF tue
s,nn Mor,a n. acr ,on .ne eu,enuaf year was gnld.
Sdsu,oeo' asUss., a au; SILVER, coming value,
sooo4 saa noo w. commercial Salue, $lO6,'
b2zNW;
Mr.. preston IN a review of the mon
etary ieslsiation OF the country states
!naL me reai aemonetization Gen OF silver
look pace IN 1898, when the weight OF
.he divisional COINS was reduced about
per cent. Ihus, he says. 1t was not
mn ACCIDENT or nm oversight; 1t was
expressly declared IN the house of
representatives tnat tie intention was
to make gold the sole standard OF
value IN the large transactions and
silver subservient to 1t for small ones,
Ihe act OF 1873, he says, was only
The interstate commerce commits.