The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-05-30
A FEW CAPITAL NOTES
The TraasuIy's Monthly Statement Not 10
Be Issued Until Monday of Next Week.
THE PREMIUM ON GOLD BARS REDUCED
The Revenue to Bc ! no cnscd Ten
Million DOllnra Per AnnuIn By
lcge-SuRar Bounty Being Paid
Am Assistant Coiner Removed.

Am Assistant Coiner Removed.
Washington. May 29-The Treasury's
monthly statement will not be issued
until Monday next. as tomorrow, Deco
ration Day, is a legal holiday and all
The Executive departments will be clos
| CD. The figures 10 be published next
Monday Will show that during May the
Treasury statement will approximate as
follows:
| Recelpts, s24,5oOC COO; expenditures. s27,-
100000; deficit for May. So 300, 900; deficit
| for eleven months. s26,600, coo.
| The 1f;t aSury gold reserve at the close
of business to-day stood at s107. .4O3, 4s4.
The Withdrawals for the day were $3.50
| 700 In gold. and there was deposited In
gold by banks In exchange for currency,
Sl000,000.
Orders were issued to-day by Mint
Dirs ctor Preston reducing the premium
on gold bars taken fronLthe Assay Office
at New York from 3-l6 to Ii pe9 cent.
This reductions Is made as gold coin m
| large quantit!es-s25. .OCo 900 has been
taken for export within the last six
weeks and TO keep dhe gold coin in stock
| In sufficient quantity and to meet the
drain. the gold bars on hand-S32. 900 600
would have TO be coined. The expense
of coming the gold bars is more than
| equal to the reduction of the premium
| charged on them.
| internal Revenues Commissioner Miller
| says that the action of Congress repeal
| ing section 6l. of the tariff bill. pyovid-
ing for free school used in the arts and
| for medicinal purposes, Will have the
effect of increasing the net revenue from
INTERNAL revenus, sources fully $l0,000000
| per annum.
| There are now pending suits against
the United States for S15,0 900 for alco-
| hol used since the passage of the Will
| tariff hfll a nd u.htpb tho "
| refused to refund, as provided by that
| section. The Government haa taken The
| position that, st was Impossible TO draft
regulations to carry that section into
| effect. and at the same time to protect
the interests of the Treasury. In TILE
meantime manufacturers of medicinal
compounds and those who use alcohol IN
the arts, have been using duty paid al
| cohO!, and Keeping their own accounts
| and demanding a refund of tine amount
paid. which the Treasury has uniformly
| refused to refund. alleging as a reason
that the treasury had provided no regu-
| lat!onS to determine the quantity used
and could not take unofficial or ex parte
| statements of interested parties of the
quantity of alcohol go used.
The Treasury Department to-day be-
gan the payment of sugar bounty under
the racent decision OF the Supreme Court.
Claims now being paid are under the
/ o-oo,uO 4stl.Oll dccIuCu DOuD-
~ due at the time the bounty law was
| repealed. There are 4,500 of these class
| of claims.
l.. NJ. PipRin, Assistant United States
Coiner at the New Orleans Mint has
been removed from office by Mint Di-
rector Preston for irregularity. Mr. Pip
kin has been employed tn the mint .nce
1887. The whereabouts oc Mr.. P!pkin are
unknown. Superintendent. Cade. of the
| New Orleans mint, has been severely
reprimanded by Director Preston for his
lack or promptness in reporting On the
| Irregularities of Mr.. Pipkin. which, II Is
| said. date back as far as known to the
| beginning of May. Superintendent Cade
has been instructed 10 at once lay before
| the District Attorney all the information
connected With Mr.. Pipkin's irregulari-
ties now in his possession
| Comptroller Eckels has gone TO Atlanta
| to deliver speech in favor of sound
| mone:'.
The Penn Van National Bank of Pen
Yam. New ork. capital $50. coo, failed to-
day. Bank Examined Van Vranken has
been placed In charge The liabilities
OF the bank are stated at $4,000, In
Guiding sl50,O00 due deDositors.
| Representative Woodman, OF Illinois.
circulated a petition this afternoon ad-
dressed to the President, requesting the
pardon of Capt. J. II. S. Wiborg cap
tain of the steamship Horsa. who was
| recently convicted in the United States
| District Court of Philadelphia for q
| violation of the neutrality liws, and
which conviction was confirmed by the
Supreme Court of the United States on
Monday last. Capt. Wihorg was SEN
fenced TO pay a fine of $500 and TO be
imprisoned for term of sixteen months
| The petition Is understood to have been
| prepared at the headquarters in this
city of the Cuban junta. Mr.. Woodman
was selected TO circulate 1t in the House
because of his frequently expressed sym
pathy with the patriots cause. Within
one hour the paper had received 100 sig
natures. with every probability that
all the members of the House would
sign 1t If the opportunity were given
them.