Courier Democrat. (Langdon, N.D.) 1891-1920, 1900-12-13
F1N INA. AFyAIRs.
Condition of the Government !
This Respect Most Satisfactory.

X Z q Il f .
/ Condition of the Government In
|. This Respect Most Satisfactory.
It is, gratifying to be.sable to state that
the surplus ,H Tor the ssa SeaI
deficits, the aggregate Of which from 1884
s s Il. The receipts for the year from all
s g9sEsts Ss5 ST gSstaa
an purposes except for the administrator
Of the postal idepartmsnt, agg g,e fgI,l
p wsss yeass 81 81 osas NE
CENTS from internal revenue S we sSo s2e9
81 1885, Fl Ths rseelpfs f
against $4,000 1852. FOR the previous
Fine ysasg eenera aiS y reduction is shows
in the expenditures of the govern. nm It
a aet nea Of lS 1896 Over tsose Of
1899: In the navy department the ex-
sGS as a ysEs ssa for ssa
] If t SsFs dGsisaSs on Of
d oner $3.50 to of SsS ae and n the @
! and miscellaneous expenses for 1900 there
| was a reduction of $13, AIS, 065.74i 4
Of s 9y ef the
u1y was enabled ID spply. bends; and ID other
ssurties g I'd te r. s!aip Eb asa aet 81 of
port p s # TIC Secretary 3 the treasury to
! which I invite attention. The secretary
Of the treaS9ry esfates sca aa5 ye ane w
aggregate S5s0,Oo00o0, and the expendiss
| lures $509,000,000, leaving an eXe aa o
revenues 'oVeT expenditures of $50 ,OOu,-
| 900. The present condition of the treas
1 urv is one of lndOubted strength.
! Further, Legislation.
| 1t will be the duty, as am sure it rwill
| vide WhateveT further legislation is need
ed to Insure the continued parity under
ali conditions between our two forms Of
metallic money, silver and gold. Our sur
| tary of the treasury since the close of the
fiscal year to call in the funded loan of
Ss1ud in th So sum 3d. Of of 10 these aMe
| bonds have been paid. This sum, together
with the amount which may accrue. from
4 further redemptions under the call Will
The law of"March IA, 1900, provides for
refunding. into per. cent thirty-ycar
bonds, payable. principal and Interest, in
that PARTON of the public debt represented
byi the 9 per, cent bonds of 1908. the
IA per. cents Of 1907: 'and the per cents
! at the date of said law $S39, 149,3s0. The
holders of the old bonds presented them
for exchange between March lSr NJ, u L and Nov,
net saving to- tho government, @ Of these
other Effect Of Ire Operation as stated by
the treasury for the payment of interest
from the dates of fefunding to Feb. !
1908, by the sum Of more than S7.090,O 0(
1907 the apnual interest charge. will be
100000, and for the thirteen, months cd,
file Fin full details Of the refunding are gtNer
in the annual report of the secretary Of
- New Financial Law.
The beneficial effect of the financial ac
| 6f 1900 SO far as it relates to the moditi
patton Of the NATIONAL banking act. is al
ready apparent. The provision for the in
ttai Of not less than SIS 900. in place
not exceeding 5000 Inhabitants. has re.
suited in the affording Of banking ia
tofore unable to provide themselves will
banking institutions under. the nationa
system. There. were organized from .tht
enrichment Of the law up, to and including
3,6B6 were with a capital Of less thai
$4,000 and ID with a capital Of $4,000 q,
Under the new law are in sections wher'
the need of banking facilities has bee1
sbrt t BANKS Of the os Smaller i clss wh
Texas, Oklahoma, Indian Territory an,
thu Middle and West sections of the coun
try have also awaited themselves large.,
of the prov S ons under the new law.
4 large increase i'm national bank not
e:rfulhtiGn has resulted from the ac
witch permits national banks to issue cir
cuIat:ng notes to the par value sof tn
United States, bonds deposited as secur
r. as illeretofore., TheidGreasei I'M carculatin,
notes from March Ia to Nov 30 is ST.,
The. party in power is committed Il
~ such legislation as. will better make fh
CURRENCY responsive to the varying need
ofibus;ness at all seasons and in all sec
tl0ES.. t.a.-. !. -: ~
i''; -:.!si !! ), .:i;.;