Democratic Sentinel, Volume 9, Number 20, Rensselaer, Jasper County, 12 June 1885 — WASHINGTON. [ARTICLE]
WASHINGTON.
The report of the commission which has been investigating the workings of tho Internal Revenue Bureau has been completed and virtually approved by Secretary Manning. A reduction of 30 per cent, in the total annual cost of the collection of internal revenue is recommended.
Secretary Lamar has decided that lands purchased by the United States and transferred to the Interior Department are to be regarded as part of the public domain.
President Cleveland and his financial advisors are said to have at last hit upon a satisfactory solution of the silver problem. The main features of the plan, which is to be submitted to Congress, are: To suspend the coinage of silver dollars, and to issue silver certificates representing bullion on deposit, these certificates to be redeemable at the option of tho Government in silver bullion, and to be made receivable for all dues to or from the Government and between banks. It is also suggested that the $1 and $2 greenbacks and $5 bank-notes shall be withdrawn, and that small notes shall be substituted based on the silver dollars already coined. The Secretary of the Treasury last week received a protest against the continued coinage of the silver dollar signed by almost every banking institution and business-man in South Carolina.
Investigation has disclosed numerous pension frauds In New Jersey, and Commissioner Black has been -put in possession of tho facts.
