St. Joseph County Independent, Volume 20, Number 21, Walkerton, St. Joseph County, 8 December 1894 — Page 2
AFFAIRS OF A NATION REVIEWED IN THE PRESIDENT’S ANNUAL ADDRESS. Recommendations in the Matter of Currency Reform—Review of the Great Railroad Strike—The Treasury Deficit and the Bond Issue. Message to Congress. President Cleveland transmitted his •nnual message to both Houses of Congress Monday. The paper is not of very great length, but touches upon many Important points in national policy. 'Among other things the President recommends withdrawal from the Samoan agreement; the construction of additional battle ships and torpedo boats; the formation of a national board of health; the authorization of short-term bonds at a low rate of interest and a reform in the national currency system. In addition he calls attention to salient points in the reports of the members of his Cabinet and especially indorses many of their recommendations. The President says: The assemblage within the nation’s legislative halls of those charged with the duty of making laws for the benefit of a generous and free people impres■ively suggests the exacting obligation ■.nd inexorable responsibility involved In their task. At the threshold of such labor now to bo undertaken by the Congress of the United States and in the discharge of an executive duty enjoined by the Constitution. 1 submit this communication containing a brief statement of j/?"PRESIDENT CLEVELAND. the condition of our national affairs and recommending such legislation as seems to me necessary and expedient. I have endeavored to impress upon the Belgian Government the needlessness •nd positive harmfulness of its restrictions upon the importation of certain of our food products, and have strongly urged that the rigid supervision and inspection under our laws are amplj' sufficient to prevent the exportation from this country of diseased cattle and unwholesome meat. After referring to the restoration of peace in Brazil, and the action taken by this Government to protect American interests, the message proceeds to discuss the Oriental war, and says, concerning the mediation for peace: Deploring the destructive war between the two most powerful of the Eastern nations, and anxious that our commercial interests in those countries may be proserved, and that the safety of our citi•ens there shall not be jeopardized, I would not hesitate to heed any intimation that our friendly aid for the honorable termination of hostilities would be acceptable to both belligerents. Feeling allusion was made to the assassination of President Carnot. Germany Bars Cattle Importations. Acting on the reported discovery of Texas fever in cargoes of American cattle, the German prohibition against importations of live stock and fresh meats from this country has been revived. It is hoped that Germany will soon become convinced that the inhibition is as needless as it is harmful to mutual interests. The German Government has protested against that provision of the customs (tariff act which imposes a discriminating duty of one-tenth of one cent a pound on sugars coming from countries paying an export bounty thereon, claiming that the exaction of such duty is in contravention of articles 5 and 9 of the treaty of 1828 with Prussia. In the interests of the commerce of both countries and to avoid even the accusation of treat;/ violation, I recommend the repeal of so much of the etatute as imposes that duty, and I invite attention to the accompanying report of the Secretary of State containing a discussion of the questions raised by the German protests. Payment of the sum adjudged due England by the Paris tribunal in the matter ®f the seal fisheries is recommended. Minor matters relating to diplomatic questions pending with Venezuela, Hawaii, and Italy are treated briefly, and vs Japan the President says: “Apart from the war in which the Island Empire is engaged Japan attracts increasing attention in this country by her evident desire to cultivate more liberal intercourse with us and to seek our kindly aid in furtherance of her laudable desire for complete autonomy in her domestic affairs and full equality in the family of nations. The Japanese Empire of to^ay is no longer the Japan of the past, and our relations with this progressive nation should not be less broad and liberal than those with other powers.” Cordial relations with Mexico are the subject of felicitation, and there is recommended a new treaty of commerce and navigation with that country to take the place of the one which terminated thirteen years ago. An indemnity tendered by Mexico, as a gracious act, for the murder in 1887 of Leon Baldwin, an Amerit»n citizen, by a band of marauders in Durango, has been accepted and is being paid in installments. The Bluefields incident in Nicaragua is reviewed at length, and the need of vessels to look out for our interests is shown. Relations with Russia. The recent death of the Czar of Rus^a called forth appropriate expressions of •arrow and sympathy on the part of our Government with his bereaved family •nd the Russian people. As a further demonstration of respect and friendship, cur Minister at St. Petersburg was di-
rected to represent ourGovernmet at the funeral ceremonies. The sealing interests of Russia in the Behring Sea are second only to our own. A modus vivendi has therefore been concluded with the imperial government restrictive of poaching on the Russian rookeries and of sealing in waters which are not comprehended in the protected area defined in the Paris award. Occasion has been found to urge upon the Russian Government equality of treatment for our great life-insurance companies whose operations have been extended throughout Europe. Admitting, as wo do, foreign corporations to transact business in the tinted States, wo naturally expect no less tolerance for our own in the ample fields of competition abroad. Domestic Affairs. The reports of the American Secretaries are reviewed in practically the same shape as they have already appeared in the news dispatches given in these columns. Speaking of military and naval equipment, the President says: The skill and industry of our ordnance officers and inventors have, it is believed, overcome the mechanical obstacles which have heretofore delayed the armament of our coasts, and this great national undertaking upon which we have entered may now proceed as rapidly as Congress may determine. With a supply of finished guns of large calibre already on hand,, to which additions should now rapidly follow, the wisdom of providing carriages and emplacements for their mount can not be too strongly urged. The Secretary presents with much earnestness a plea for the authorization of three additional battleships and ten or twelve torpedo boats. If we are to have a navy for warlike operations, offensive and defensive, we certainly ought to increase both the number of battleships and torpedo boats. The Secretary states that not more than 15 per cent of the cost of such ships need be included in the appropriations for the coming year. I recommend that provision be made for the construction of additional battleships and torpedo boats. Reserve Supplies Necessary. The Secretary recommends the manufacture not only of a reserve supply of ordnance and ordnance material for ships of the navy, but also a supply for the auxiliary fleet. Guns and their appurtenances should be provided and kept on hand for both these purposes. Wo have not to-day a single gun that could be put upon the Paris or New York, of the International Navigation Company, or any other ship of our reserve navy. The manufacture of guns at the Washington Navy Yard is proceeding satisfactorily, and none of our new ships will be required to wait for their guns or ordnance equip ment. During the past fiscal year there has been an unusual and pressing demand in many quarters of the world for the presence of vessels to guard American interests. In January last during the Brazil insurrection a large fleet was concentrated in the harbor of Rio de Janeiro. The vigorous action of Rear Admiral Bonham in protecting the personal and commercial rights of our citizens during the disturbed conditions afforded results which will, it is believed, have a far reaching and wholesome influence whenever in like circumstances it may become necessary for our naval commanders to interfere on behalf of our people in for- ' eign ports. The war now in progress between Cbing^ind Japan fins rendered , it necessary or expedient to dispatch eight vessels to those waters. Both the Secretary of the Navy ami the Secretary of the Treasury recommend the transfer of the work of the Coast Survey proper to the Navy Department. I heartily concur in this recommendation. The need of national prisons is urged; also the appointment of special agents for the protection of public lands and the timber thereon, and the appointment of a non-partisan court to hear appeals in laud eases. The President thinks the Indians should be allotted their lands in severalty, and more stringent measures adopted to make them self-supporting. He also presses the necessity of stricter j surveillance of Indian agents, and the j extension of Indian schools. On the Pension Rolls. At the close of the last fiscal year, on I the 30th day of Jane. D 1, there were 969.544 persons on our pension rolls, being a net increase of 3,532 over the num- [ ber reported at the end of the previous year. Os these pensioners 32.039 are surviving soldiers of Indian and other wars prior to the late civil war, and the widows who are relatives of such soldiers. The remainder, numbering 937,595, are receiving pensions on account of the war of the rebellion, and of these 469,344 are on the rolls under the authority of the act of June 27. 1890, sometimes called the dependent pension law. The total amount expended for pensions I during the year was $139,804,461.05, leaving an unexpended balance from the sum appropriated of $25,205,712.65. The sum necessary to meet pension expenditures for the year ending June 30, 1896, is estimated at $140,000,000. The Commissioner of Pensions is of the opinion that the year 1895 must, according to all sensible human calculation, see the highest limit of the pension roll. The claims pending in the bureau have decreased more than 90,000 during the year. A large proportion of the new claims filed are for increase of pension by those now on the rolls. The number of certificates issued was 80,213. The names dropped from the rolls for all causes during the year numbered 37,951. Among our pensioners are nine widows and three daughters of soldiers of the revolution, and forty-five survivors of the war of 1812. The barefaced and extensive pension frauds exposed under the direction of the courageous and generous veteran soldier now at the head of the bureau leave no room for the claim that no purgation of our pension rolls was needed. The accusation that an effort to detect pension frauds is evidence of unfriendliness towards our worthy veterans and a denial of their claims to the generosity of the Government suggests an unfortunate indifference to the commission of any offense which has for motive the securing of a pension and indicates a willingness to be blind to the existence of mean and treacherous crimes which play upon demagogic fears and make sport of the patrii otic impulse of a grateful people. Recommendations of the Secretary of i Agriculture are concurred in, and the admirable work of the Weather Bureaus and the life-saving service is warmly praised. Inspecting Meat Exported. The appropriation to the Bureau of Animal Industry was $850,000 and the expenditures for the year were only $495,429.24, thus leaving unexpended $354,570.76. The inspection of beef ani-
mals for export and interstate trada been continued and 12,944,056 head were! inspected during the year at a cost of I'6l cents per head, against 4% cents forIR93J 1 he amount of pork microsconicalK t)37 pounds, ngai nst 20 l (.<<,410 pounds in the preceding V earl 1 he cost of this inspection has 1-^7, pQ minished from 8% cents per head in 189® to cents in 1894. 'The Secretary Agriculture recommends the law proviW ing for the microscopic inspection of c® port and interstate meat be so amended as to compel owners of the meat insnJ^R to pay the cost of such inspection, call attention to the arguments presenSa in his report in support of this recomml^ dat ion. The scientific inquiries of W l ' Bureau of Animal Industry have oil ° reseed steadily during the year. 1 r s ' Agricultural Experimentation^ The office of experiment stations w» , is a part of the United States Departn< h of Agriculture, has during the past yw* 11 engaged itself almost wholly in prcw ar ing for publication works based npoUf , r ' reports of agricultural experiment/* 16 tions and other institutions for agri</ sta ' ral inquiry in the United States andW u ' countries. wher Under the appropriation to enable Secretary' of Agriculture to invej^ l6 and report upon the nutritive v®*^ at ® various articles and commodities ’ for human food, the Department*! “,‘‘l cd in the fiscal year 1892 $2,34ak,^ and out of that sum t, expended in scientific research v?a<43G per cent. But in the year |eudi n „ > ’ 30. 1894, out of a total eAeniMuX Lt $1,948,988.38, the Department4Ln>pliod 51.8 per cent, of that sum to sjEentific work and investigation. .y On the subject of civil service reform the I'resident says: “The advantages to the public service of an adherence to the principles of civil service reform are constantly more nparent; and nothing is so encouraging to those in official life who honestly desire good government as the increasing appreciation by our people of these advantages.” Tariff Needs Amendment. The tariff act passed at the last session of the Congress needs Important amendments if it is to be executed effectively and with certainty. In addition to such necessary amendments ns will not change rates of duty, I am still very decidedly in favor of putting coal and iron upon the free list. So far as the sugar schedule is concerned I would be glnd, under existing aggravations, to see every particle of differential duty in favor of refined sugar stricken out of our tariff law. If with all the favor now accorded the sugar-refining interest in our tariff laws, it still languishes to the extent of closing refineries and thousands of discharged workmen, it would seem to present a hopeless case for reasonable legislative aid. Whatever else is done or omitted, I earnestly repeat that the additional duty of one-tenth of a cent per pound laid upon sugar imported from countries paying a Isnmty upon its export bo abrogated. It seems to me that exceedingly important considerations point to the propriety of this amendment. With the advent of a new tariff policy, not only calculated to relieve the consum ers of our land in the cost of their daily life, but inviting n better development of American thrift and creating for us closer and more profitable commercial relations with the rest of the worlds it follows n.« a logical nnd imperative J that wiihanM «♦ on. . r. chief it tot the only obstacle which t so long prevented our participation Tn the foreign carrying trade of the sen. Ihhuluk of New Bond-.. During the Inst month the gold reserve in the Treasury for the purpose of re deeming the notes of the Government circulating now in the hands of the people became so reduced nnd its further depletion in the near future seemed so certain that in the exercise of proper care for the public welfare it became necessary to replenish the reserve and thus maintain popular faith in the ability and determination of the Government to meet ns agreed its pecuniary obligations. It would have been well if in this emergency authority had existed to issue the ‘ bonds of the Government bearing a low rate of interest nnd maturing within a I short period, but Congress having failed to confer such authority, resort was necessarily had to the Resumption m-t of i 1575. Nothing on hl be worse or further removed from sensible finance than the relations existing between the currency the Government has issued, the gold I held for its redemption nnd the means I which must bo resorted to for the purpose of replenishing such redemption when impaired. We have an endless chain in operation constantly depleting the Treasury’s gold and never near a final rest. As if this was not bad enough, we have by a statutory declaration that it is the i policy of the government to maintain the I parity between gold and silver, aided the ; force and momentum of this exhausting process and added largely to the currency obligations claiming this peculiar gold redemption. Our small gold reserve is thus subject to drain from every side. The demands that increase our danger also increase the necessity' of protecting this reserve against depletion, and it is most unsatisfactory to know that the protection afforded is only a temporary palliation. It is perfectly and palpably plain that the only- way under present conditions by which this reserve, when dangerously dcpleted, can be replenished, is through the issue and sale of the bonds of the government for gold; and yet Congress has not only- thus far declined to authorize the issue of bonds best suited to such a purpose but there seems a disposition in some quarters to deny' both the necessity and power for the issue of bonds at all. I can not for a moment believe that anv of our citizens are deliberately willing that their government should default in its pecuniary obligations or that its financial operations should be reduced to a silverbasis. At any rate I should not feel that my duty was done if I omitted any effort I could make to avert such a calamity. Questions relating to our banks and currency are closely connected with the subject just referred to, and they also present some unsatisfactory’ features. Prominent among them are the lack of elasticity in our currency circulation and its frequent concentration in financial centers when it is most needed in other parts of the country. The absolute divorcement of the Government from the business of banking is the ideal relationship of the Government to the circulation of the currency of the country. I his condition cannot be immediately reached, but as a step in that direction, and as a means of securing a more elastic currency and obviating other objections to the present arrangement of bank circulation, the Secretary of the Treasurypresents in his report a scheme for modifying present banking laws and provid-
Us g for the issue of circulating notes by H .ate banks, free from taxation under K^rtain limitations. 7 ■gThe Secretary explains his plans so ^Plainly and its advantages are developed •W him with such remarkable clearness gl that any effort on my part to present arH gument in its support would be superfluB ous. I shall, therefore, content myself *1 with an unqualified indorsement of the - Secretary’s proposed changes in the law and a brief and imperfect statement of f their prominent features. * 4! iS proposed to repeal all laws profor the deposit of United States bonds as security for circulation; to permit national banks to issue circulating notes not exceeding in amount 75 per cent, of their paid-up and unimpaired capital, provided they deposit with tho Government, as a guarantee fund, in united States legal tender notes, including Treasury notes of 1890, a sum notes they desire to issue, this deposit equal in amount to 30 per cent, of the to be maintained at all times, but whenever any bank retires any part of its circulation a proportional part of its guaranty fund shall be returned to it; to permit the Secretary of the Treasury to prepare and keep on hand ready for issue in case nn increase in circulation is desired blank national bank notes for each bank having circulation and to repeal the provisions of the present law imposing limitations and restrictions upon banks desiring to reduce or increase their circulatum~"thus permitting such increase or reduction within the limit of 75 per cen t, of capital to be quickly made ua emcrl " geucies arise. In addition to the guarantee fund required, it is proposed to provide a safety fund for the immediate redemption of tho circulating notes of failed banks by imposing a small annual tax. say one-half of 1 per cent, upon the average circulation of each bank until the fund amount to 5 per cent, of the total circulation outstanding. M hen a bank fails its guarantee fund is to be paid into this safety fund nnd Its notes are to bo redeemed In tho first instance from such safety fund thus j augmented any impairment of such fund caused thereby to be made good from the ; Immediately available cash assets of said bank, and if these should be insufficient ' such impairment to be made g md by pro- ; rata assessment among tho other banks, ' their contributions constituting a first lien upon assets of tho failed hank in favor of the contributing banks. It is quite likely that this scheme may bo usefully antended in some of its details; but I am satisfied it furnishes a basis fi>r n very great improvement in | our present banking and currency system, i I I coneinde this •'ommunieation fully ap- ' prccinting that tho responsibility for nil i legislation nffceiing the people of the United States rests nj»’n their representatives in tho Uongrc'-s, and assuring : them that whether in accordance with ■ rocsmmoiidations I hare made or not. I shall l«- glnd to . 0 operate in parfeeting ' any legislation that tends to the prosperI ity am! welfare of our country. WESTERN FOOT-BALL LEAGUE. It 1r the Opinion of Gilleue Vvn that Onr Should Ki <>r«uni<l.
< •• H I! A LL games | are over for this ! * Yale won i the annual game : | from Princeton , 1 Saturday afternoon i with four touch- ! downs and four ! goals to nothing.. ; From a scientific j stan dpol n t the ! game was far from I being satisfactory, ; mT was it up to the ; usual standard of i
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f,.,.tbMl which Uth Yale and ITlneH.m have exhibited in y.-nrs past. The game | I itself, however, was totally different I from the r- ent Yub Harvard slugging : match nml was played from the start to ' the finish without a display of temper or i a show of bio. d. Jnst as long as the 1 game can be played in this way it will i remain the most popular of college sports. j The Western football season just elos- j cd sugge.-ts very strongly the orgauiza- j lion of a Western Colb giate l ootball League. For the last few seasons cer- : tain college teams have clearly excelled , | all their Western rivals, and it is the : j opinion of many Western college men— I I alumni among the number that a league : should be organized. This season’s Work ! has shown that Wisconsin, Michigan, ! | Minnesota, Purdue, University of Chica- i go and University of Illinois excel the ! other Western colleges at the kicking ! j game, just as they have done for several I I years. If these six institutions should es- j I tablish <i league it would undoubtedly | ' greatly improve the game in the West. With a six-college league, all the members of which hud comparatively strong teams, a schedule of games could be arranged in which there would be almost as much interest as now is shown in the great games East. A point in favor of the league suggested is that four of the colleges are located in large towns, where big attendance at games would be a certainty. The exceptions are the universities of Michigan and Illinois, yet while Ann Arbor and Champaign are not large places they would doubtless turn out well to games of importance, and the attendance of the students alone would be no inconsiderable figure. Lafayette is a thorough football town and games with Purdue would always be a financial success. Almost the same can be said of Madison and the Wisconsin team. English University Incomes. From tho present data it is impossible to determine the total revenues of Uambri go. since the accounts of the University ( best are not given. The inc me of the colleges is £395.247 15s. I d. In the ca eof Oxford we are more fortunate. Adding the receipts of the University Che. t, £f's,lu4 7s. fid., and of the colleges, £439,600 3s. 2d. we have a grand total of £594,800 U s. lid. Thi-,’ however, is somewhat too large, for the contribution of the colleges’ to the University Chest, £7,0^7 4s. td. is counted twice. Making the necessary subtraction, there remains £4 '7,713 6s. 2d. It is therefo:e approximately correct t > say that the annual revenues of Oxford are £500,00J, or $2,501,000. Kil ed for Play n g on the Grass. In Prussia the murder of men, women and chi.dren is frequent by the bayonets and the bullets of guards and sentinels. The other day a little boy was on the grass of a square in Berlinthe guard tried to arrest him the child, frightened, ran away: the guard shot him dead. Such occurrences are frequent. It a newspaper condemns them the editor is imprisoned.—Ouida m the Fortnightly Review.
HAS TWO GOVERNORS.’ KOLB AND OATES BOTH TAKE THE OATH IN ALABAMA. The Populist Candidate Sworn in by a Justice of the Peace-Threatened with Arrest If Be Attempts to Speak at the State House. More Trouble Feared. Although no outbreak of violence attended the attempt to inaugurate (’apt. Kolb as Governor of Alabama, the situa-
tion in the Southern State is even more precarious than it was before the twin inaugural services wereperformed. As it is, Alabama finds itself with two Governors, two sets of public officers and two factions of - popular sentiment,one supporting Capt. Kolb iin his claim that 1 lie was defrauded of votes and the other
\ BEVBEX F. KOLB.
sustaining Col. Oates, who was inaugurated in the usual way and has the State militia at his disposal. As Captain Kolb is a man ot pretty well-known determination, there is a disquieting prospect that the post-election battle may not end here The General Assembly" has declnnm in f UV(ir of CoJ O)U , , j opponent means t.> m nun.d a reconsider atmn, and in the prospect that he wilt fail lies the source of alarm. Kolb was sworn in at Montgomery by James E. Powell, a justice of the peace, the ceremony occurring in tho law office of Warren Reese. Kolb and his Cabinet f then proceeded to the State House for the purpose of making a speech. Ho was ' followed by several hundrctl of his adherj cuts. Tho.v marched up the State House i steps through the ranks of tho assembled I militia and took their places beside the I identical portico upon which Jefferson i Davis was declared I'resident of tho Confederate States. In a few minutes Gov. ; Jonos sent for Capt. Kolb, who was escorted into his presence by Lieut. Irwin. STATE 801 SE. MONTGOMERY, ALA. i of the regular army. "I understand, sir,” ; said Gov. Jones, “that you propose to make n speech in these grounds, claiming to bo Governor of Alabama.” "That is my intention,” answered Kolb. “Then I must say to you that the moment you attempt it I will have you nrrested and ; carried off the grounds. I say this in all ! kindness to you. If you were Governor j you would do the same thing in a simj ilar case. I will not permit you or anyi ouo else on t-hesc grounds to interrupt . tho inauguration pm. li ngs Gov. [ Oates.” Gov. Jones' manner was courteous but i firm. Capt. Kolb looked around at the l assembled troops, and with a wave of his hand started down and out of the grounds, followed by his adherents. They । congregated again in the street outside L tho Capitol grounds. A wagon stood ; near by, and upon this Capt. Kolb mountj el. He said that the proceedings would bo opemd with prayer. A Populist clergyman mounted the wagon, and at his motion the crowd uncovered their heads. Every man in the crowd was a plain countryman with rough clothes and big top boots. The clergyman invoked the I blessing of God upon the assemblage, I “a plain people. Oh, God,” he said, "who i are here to secure nn honest govern- । ment.” At its conclusion ('apt. Kolb made a I short, temperate address. The only bit- | terness in it was directed at Gov. Oates, whom he termed a usurper. He declared . he had been legally elected Governor, i and that he would use every means to : gain the position which, he declares, beI longs to him. At 2 o’clock Governor-elect Oates reached the State Capitol, escorted by the militia. '1 he inaugural ceremonies were preceded by a prayer, after which Gov. Jones introduced his successor, who was greeted with prolonged cheers. SPOILS FOR VICTORS. Patronage Amounting to Over $300,OOOGoes ,o the Ruling Party. The patronage which goes with the transfer of the House of Representatives to the Republicans amounts to over $300,000 a year in salaries. And there is no civil-service examination to be passed. The most prominent of these offices, the salaries which attach to them, and the names of those who surrender them are given: Speaker’s Office—Private secretary to Speaker. John T. Waterman, Georgia 10*’clerk to Speaker’s table. Charles R Crisp’ Georgia, $2,102: clerk to Speaker, F, XV P,arrett, Georgia, $1,600; messenger to Sneaker Henry "al, District of Columbia, S9OO. ( h - rk s Office —Clerk. Janies Kerr Pennsylvania, $5,000; chief clerk. Thomas o • Towles, Missouri. $3,600; journal clerk. N. T. Crutchfield, Kentucky, $3,600; reading clerks, W. J. lloughtaling, New York, s3.6<Hi; Pembroke I'etit, Virginia, $3,600; tally clerk,' F. H. Hosford, Michigan, $3,000; printing and bill clerk. John IL Kogers. New York .<2,500; disbursing clerk. J. Frank Snvder’ Pennsylvania, $2,500; tile clerk. Walter if French. Massachusetts, $2,250; enrolling Jerks, Gorge 1:. Pars ms, Illinois. $2 • assistant disbursing clerk, Thomas B. Kalbfus. District of Columbia, $2.000- a«ist-i’it enrolling clerk. John Kelly, Wisconsin $”- i»(M; resolution and petition clerk G 7; Luke, North Carolina. $2,000; ne'wvuner c erk, H H. Holier. Illinois. 52.000;' index clerk, 11. I . Tompkins, Louisiana. S 2 ghisuperintendent document room. F B Smith’ lexas, s2.(hhi; librarian, Asher Barnett New assistant journal clerk G Aalker Pratt, South Carolina. S2.o.hc assist’ mt index clerk. J. H. Van Buren West \ irgima per diem $6; distrilm; ing clerk, George M. Campbell. lowa, Sl.suo- station ry clerk, Thaddeus Cahill, New York $1 seoassistant librarians, Janies It Fisher ’vir’ Pmia sl,s.H>; W. W. Screws. Alabama si - $00; bookkeeper, John B. McDonnell, Con-J-ecUetit.^LGOO; clerks in clerk s office, P E. Mnlsh, Jr., Ohio, $1,600; IV R Bell Pennsylvania, $1,600; J. G. Fraser \rk-m’ ■sis. $1 60O; George B. Fleming. Indiana <1 G 00; Edward Millen. New Jersey, sl’<UiHorgau Rawles, \ irginia. $1,600-' Alien i' Booker, Mississippi. si.tkHi; document clerk Joel W Hiatt, Indiana, sl,-140; locksmith’ Joseph Isaacs, Maryland. 51.440; messengers In library, .1. It. Conklin. Ohio, 1.31-1- A-fron IS: MJkk- ot* prk, SI.M; vas „. E „,j CJO-
s66o’ laborer ' Charles A. Christian, Virginia. Ol ^S c ,x Of P° st, naster—Postmaster, Lycurgus Dalton, Indiana, $2,500; assistant postmaster, John 1. Ross, Maryland. $2,000; meswm?” 1 Ilham A. Horbacht, Texas, $1,200; IVl lUiun C. Crawley, Ohio, $1,200; John Stack, New York $1 200; Henry Yater, In-SL-OO; Jolin C. Pratt, Connecticut, $1,200; John R. Grace, Illinois, $1,200; Ralph B. Carlton, Indiana, $1,200; M. W. Prescott Louisiana, $1,200; Reuben Bourn, Kentucky, $1,200; R. H, Woolfolk, Wmeonsln, $1,200; laborer, Daniel B. Webster, North Carolina, $720; mail contractor, W. F. Blundon, Maryland, $3,775. r °t Doorkeeper—Doorkeeper, Charles • 1 timer. New York, $3,500; assistant H - X| chols, Texas, $2,000; s”I ,( rhifendent of document room, John A. t7n o 7 S,,Url ’ S' 2 - 000 ! assistant superinNortb i'Z <;un Jo n L r<) ° ,n ' n - G - Williams, ger ■lr'irles"u’ •’7', l ’ on: 1 ,,, ’l m '’tinent niessensOorl’.! ‘/wmbs, Missouri, 52.01 M); rs <• ‘inploycs, John T. Chancey, District New YmT’si A Cockle^ <> Conmn-^v ’ ‘l oc,i ment hie clerk, Thos. M. Connor. New Jersey, S] 40(1- assistant document tile clerk. C.' w Crockett T^n m-ssi-e $1,314; clerk to do^rlJe^r w a" Lrjant, New lork, $1,200; Janitor George E g-Ul i‘ v c "i’i Vt' 200: reporter’s -nO”/.; H ' Mann ; Distrl <t "t Columbia, gm'7- ’• nH ‘ BS ‘‘'‘Sers, K. H. Betts, Ohio, sl,l wi h . F ' I{rls tol. New York, S 1.200; 7 J 11 IV , I’ r °unmey, Massachusetts, $1 200’ rum A j;!s ausas ’ SL2OO; Myron H. Lills. Michigan, $1,200; Michael P. Behen, Yorb” l Si'‘^,' - r - Mahoney. New '1 •’h>- w< 7- IMrilliox. Mississippi, ''"‘j l ’ Oe °rgia. John M. Waddill .South Carolina, $1,000; Martin G.-ii-diier. Maryland, $1,000; Elmer B. HnrGit'. >■ r' S n ' ir 4 l ." a ' SEWO; H. B. Llngen- « A' ia T' M - E - Sterett. Texas. ■ I. ho, < harles VV eber. Now York. $1,000; Asthelder, Wisconsin, $l,ooo; c c WI son, Kentucky, $1,000; laborers. C. Holbrook. District of Columbia. 5720; Wm. Maitershed Pennsylvania. 5720. femal- nttendant ladies retiring room. Ada N. Boe. Now \ , )r k 9 -j,,. assistant to tile < h-rk. Geo. A Shouer, Maryland. iaborors inthe ' 'l™ 7, ,i ;! < 'uinent room. S. B. Bull, Virginia, ' ' Abernathy, Tennessee. S9OO. „ ’’ ! '"iL.-hips and me ^ongershlps of the to !? ” committoes nnd their <-ompo n satX . 'H.roprl.oions assistant niiproprUt^oul^sVlL’l'f’ messenger to s2.<hk/; ciaims ! G'>'”’»lturo, tri.-t of tGlumbln. .<.o^'77^ foreign affairs. s2.o<hi; Indian alTairs, S2.(XX)’ in a lid pensions. $2,000; irrigation of arid lands, _.ooo; Judiciary. $2,000; merchant marine and fisheries. $2,000: military affairs, $2.i"H»; naval affairs. s2,(hio: public lands, s2,ihn>; war claims, $2,G00; postoffices and post roads. $2,000; publlo bui’lings ami ant clerk war claims, $1,200; accounts, $2,000. ECKELS ON BANK ISSUE. HcDlscussesCurrcncy and the Defects and Limitations of Present System. Ihe report of the Hon. James 11. Eckels, Comptroller of the Currency, submitted to Congress, gives full information in regard to the organization, supervision, and liquidation of the national banks for the year ended Oct. 31, 1891. It shows that during this period but fifty banks were _organized, with a capital stock of $5,285,000, the smallest number chartered. as well as the minimum amount of capital, in any one year since lt>79. Os these banks twenty-seven are in the Northern and Eastern States, ten in the Southern States, and thirteen in the Western or trans-Mississippi division. On Oct. 31, 1894, the total number of national banks in operation was 3,756, with an authorized capital stock of $672,671,365, represented by 7.955,076 shares of stock owned by 2,87.892 shareholders. < hi Oct. 2. 1894, the date of their last report of condition, the total resources of the banks were $3,473,922,055, of which their loans ami discounts amounted to 82,007,122,191, and money of all kinds in bank. $122,428,192. Os their liabilities $1,728,418,819 represented individual deposits, $334.121.052 surplus and net undivided profits, and $112,331,978 circulating notes outstanding. The total circulation of national banks on Oct. 31, 1894, amounted to •?—'iG. L J.’***", a net decrease during the year of $1.i41,i*63 and a gross decrease of $5,614,564 in circulation se* cured by bonds. During the year seventy-nine banks, wjth an aggregate capital stock of $lO,4g»,000, passed out of the system by voluntary liquidation; twenty-one—including two which failed in 1893 —with a capital stock of $2.7<0,000, became insolvent and were placed in charge of receivers. 1 he feature of the Comptroller s report is his discussion of the currency question and the defects which are said to exist in the note-issuing powers vested in national banks. On this subject he says: No section of the law should be disturbed which cannot be materially improved upon ami no amendment engrafted unless such amendment will work out better results than flow from the existing order of things. For the present law it must be conceded It lias been successful in every material feature, excepting in the matter of bank-note issues, ami here the failure lias been a partial one. I he notes issued by the banks under governmental supervision have been uniform in appearance and under any and all circumstances of the full face value which they purport to carry. They have possessed th? first requisiie of good bank note issue—immediate convertibility into coin upon presentation. It is probable that there could be no better plan for simply insuring the note holder ;inst loss than the present requirement of a dep sit of bonds to secure a bank's circulation. but It is equally certain, however, that a method could be devised, not less safe in this resj.eet. and in addition thereto pos-se-^ing that which is essential and is now wholly wanting—elasticity of issue. The complaint. therefore, made against the present system is that, lacking in eiasticv of issue, it falls to meet as fully as it ought the varying wants of the country's trade and commerce. This defect must attach to every scheme for a currency isued by the banks against a deposit of bonds, the market value of which fluctuates while the percentage of issue, less than the value of the bonds granted the banks, remains unchanged. But serious as is this fault and 'retardful as It is to the busim -s interests of the country. any attempt to remedy it which should" lose sight of or in any wise make less certain tlm i resent unquestioned credit and convertibility of the bank issues of the country could not be justified. It is a duty of governments to see that the eurrenev which circulates among the people shall always be of the very highest character, the soundness of which should never be a subject of Inquiry. For thirty years the American people have bad such a bank eurrenev, and having seen the value of it both here and abroad they will not be content to have any innovation "made unless such new departure insures not only equal but better results. It is respectfully suggested that not only as good but better results would be attained If the present bank act were amended by repealing the provision thereof requiring each bank as a prerequisite to entering the system and Issuing bank-note currency to deposit government bonds. In lieu of such provision should be substituted one permitting the banks to issue circulating notes against their assets to an amount equal to at least 50 per cent, of their unimpaired capital. ? The Comptroller follows this suggestion with the further one for the maintenance of a safety fund to be provided by graduated taxation upon the outstanding circulation of the banks until the same shall be equal to not less than 5 per cent, of the total of such outstanding circulation, this fund to be held by the Government as an agent only, ami for the purpose of immediately redeeming the notes of insolvent banks. It is to be immediately replenished out of the assets of the banks, on which it shall be a first and paramount lien, and from assessment to the extent of the double liability on the shareholders. Miss Della. Shenk, a respectable young woman, has mysteriously disappeared from Kokomo, Ind, Grant County's bridge over the Mississinewa River near Marion, Ind., was burned. Loss, SB,OOO.
