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1894-12-03-NewYorkTimes-p3-CivilServiceCommission - experience of the Government of the United...
experience of the Government of the United States has proved no exception to the rule. The general cost and loss entailed upon the Government, and the repeated periods of uncertainty as to the Government credit and -the -the stability of our monetary system have been so great as to make the legal tender and Treasury Issues of 1W one of the extraordinary burdens placed upon the peo- peo- lu; ought to be redeemed and canceled, and the Government thus enabled to retire from the banking business, a business business for which. It Is so poorly equipped." ln the light of the present condition of the Government's finances, Mr. Eckels says that that which ought to have been dons when there was a surplus In the Treasury cannot now be undertaken, and the same conditions conditions must contlnus to weaken the country country s credit and plague the lines of business, business, unless a means shall be devised for removing-these removing-these removing-these Issues from the channel of current redemption until such time as the Government finds Itself In. a position to do that which at first was the Intent of ail-gradually ail-gradually ail-gradually redeem and cancel them. If the franchise Is to be granted the banks of Issuing circulating notes against their assets, instead of against a bond security. security. It is suggested that the banks In return return should recompense, the Government by relieving the Treasury Department of the current redemption in coin of the present Treasury Issues. The ultimate redemption, of course, must faU upon the Government, but the embarrassment does not arise from their ultimate, but from their current, redemption. redemption. ' "As ts sv JTew System. " It is therefore suggested that If CSngress shall repeal the provisions ot the present act requiring the national banks to make a deposit of Government bonds ln order to secure secure circulating notes, and substitute there-or there-or there-or a provision giving them Instead the right to Issue the same against their assets. It Incorporate therein and as a pai t thereof that, as a- a- prerequisite to so doing, the banks be compelled to deposit with the Treasurer of the United States legal-tender legal-tender legal-tender legal-tender issues, or Issues under the act of 1890, equal -in -in amount to the difference between the percentage of their capital stock of issues issues granted against their assets and the total of such capital stock. The deposits thus made. It Is urged, ought to remain with the Treasury until the bank shali cease, either through voluntary or involuntary involuntary liquidation, to do business, and In either case the Government ought' then to redeem and cancel such Treasury Issues deposited. deposited. It is only by such deposit during the life of the bank that the Issues named can be removed from current presentation for redemption. , As against this deposit of legal tenders and Treasury notes so made, it is argued, there should be issued to the banks, dollar for dollar, national bank notes, either of the same or "different design, as might be deemed best, so that the volume of the currency, as It Is now contributed to by the Issues of the Government, should not be contracted, so long, at least, as the banks making such deposits should be In existence. It Is further urged that the percentage percentage of the bank notes Issued against this deposit should be free from any taxation taxation Imposed upon circulation, and ought to be such percentage as should be deemed equitable to be used as a part of the bank's lea-al lea-al lea-al reserve held against deposits. The law, the Controller says, should make it Incumbent upon the banks to deposit deposit with the Treasurer, for the current redemption of such notes, gold coin to an amount necessary to niake sure their current current redemption. COMMISSIONER OP NAVIGATION. Aa Argameat for Free Ships Based oa Well-Reeogalsed Well-Reeogalsed Well-Reeogalsed . Faets. WASHINGTON. Dec Z The annual report report of Commissioner of Navigation I Chamberlain Is mainly an argument for free ships, based on maritime facts of the United States, and other nations. Only six American steamships. Including the New-Tork New-Tork New-Tork and Paris, crossed the Atlantic and only seven the Pacific last year, while from New-Tork New-Tork New-Tork and Philadelphia alone thirty-three thirty-three thirty-three steamships, mainly new steel vessels owned by Americans, crossed ' regularly to Europe under foreign flags. American enterprise, the Commissioner ays, is a century ln advance of the law, for Americans own more steamships forbidden forbidden by the registry law to wear American American colors than they own steamships in foreign foreign trade under the Stars and Stripes. The admission of such . vessels . to American registry, Mr. Chamberlain ,says, is desirable desirable to enhance our maritime rank. In thirtyyflve years only one American steamship steamship lias once visited Hamburg, the greatest greatest Continental port, and last year only two sailing vessels entered there. Every bushel of grain which left New-York New-York New-York for Europe last year was carried under a foreign flag; of 11.000 vessels passing passing the Sues Canal ln the last three years only six have been American. Every civilised nation, but the United States. Mr. Chamberlain says, allows Its citizens the use of the national flag over vessels In foreign trade, wherever bought, having learned that otherwise they will buy vessels under foreign flags, charter such vessels, or abandon navigation altogether to foreign rival. The report shows the extent to which Americans have adopted these three courses, and the country's consequent consequent loss of maritime prestige and profit. Other nations realise. It Is argued, that from the freedom of the seas a prohibitory registry law cannot act as a protective tariff for shipbuilding, so they have abandoned abandoned It. Those undertaking to promote shipbuilding resort to subsidies. Free registry registry and subsidies are not. in Mr. Chamberlain Chamberlain s Judgment, conflicting propositions n,f.ncour1n "vigaUon. the other shipbuilding. shipbuilding. The report reviews Government aid to shipping by Great Britain. France. Italy and other nations, showing that only 3 per cent.-of cent.-of cent.-of the British merchant marine receives receives sny Government compensation, and giving statistics concerning other countries. Discriminating flag taxes. It is said, have been abandoned by maritime nations, as they invite retaliation, wheh nullifies any protective benefits. Cost of .construction and of operation are examined with full figures on comparative wages, and foreign and State taxes are compared. Amendments to the net tonnage and tonnage-tax tonnage-tax tonnage-tax laws, the abolition of reels-try reels-try reels-try bonds, and an extension of the power of the Secretary of the Treasury to mitigate or remit penalties on sailing vessel are recommended, recommended, The report, comprising 390 pages, reviews means of steam communication between the United States snd foreign countries, and g ves port charges at American porta financial operations of the world's greatest Steamship corporations, the world's tonnaae. and the annual statistical tables. JUB CIVIL SERVICE COMMISSION. Isspretvesaeat Is Eaioreesaeat s( ae Law Observed la Many Directions. WASHINGTON. Deo. i-The i-The i-The Civil Service Service Commission, in iu annual report, says that In the larger' Post -Offices -Offices the civil service law is observed better now than it has ever beea before, and the Post OSes at Baltimore is mentioned as one ln which a marked Improvement Is shown, and is affording affording an instance of the good done by the commission's investigations. The Indianapolis Indianapolis office is also spoken of as one which was very bad from a cjvll service point of view, and which has now become a very good office under the late and the present Postmaster. Boston and Chicago are said to be offices where the law Is observed well. In the Railway Mall Service it is reported the-law the-law the-law has beea absolutely observed, and neither appointments nor removals have been made for political reasons. After speaking of the conviction of. Post, master Ickes of Newark. Ohio, and of Internal Internal Revenue Collector Haney of Ken-tuckyfor Ken-tuckyfor Ken-tuckyfor making political assessments In the Presidential campaign of l&nj, reference reference Is made to the case of C. H. J. Taylor. Recorder of Deeds for the District of Columbia, Columbia, of Which a ivnnrt la now l. nh. hands of. the President for action. Of this the commission says: - "In Investigating this case the commission commission was much struck by the condition of ,r.r? m tnmt obtains in tha unclassified. 5 X11fT,t!- X11fT,t!- In thl, eervlce there Is no security security of tenure. Removals are made for purely political and personal reasons, and there Is an amount of corruption in consequence. consequence. In the unclassified civil service, fhf iir. xPtd Places at Washington iSfi.CnidiltKM. r bd ver. These "tnlon t classification la the departmental departmental service." The recent extensions, already made ESS"0" "tnted In detail, with their af" Jecti and it is said that there are only m, uZlhfa th. servte.,yy.t TILE DAY VS POLICE COURT ' .-..": .-..": ' N.; Sorrowful Celebrants of TIctorj Onlj Ous rrinceton Prisoner Penniless ' Sjaai EidV It was Tals day in the Jefferson Market Police Court yesterday. Even the Princeton student, who was arrested for being intoxicated intoxicated on Broadway, was blue. Four sad-looking sad-looking sad-looking young men were hrh, before Justice Voorhls. Two were from Tale, one from Princeton, and one said he was from both colleges. Hells emnloved .. a bookkeeper in this city however, and was brought into court decked with ribbons of all colors. ; , Ths Princeton, student was George Potter flf T1 lltl lalnW I. - . . . . - , wavucea into the i lith Avenue Hotel at 10 o'clock Saturday night and announced that the place belonged to him. He was put out, but came back twice, and each- each- time more intoxicated than before. before. He was finally arrested. In court yesterday he said he had been trying to drown his grief, and - bad succeeded. He was fined S3. . .. The two Tale men were Lee Stout ot Bloomfleld and Harry La Grange of East Orange. . They were arrested at 11 o'clock Saturday night. They were not under the Influence of llauor. but sV9r tnss-lrfnsY tnss-lrfnsY Ann. L slderable noise along Broadway. They were ootn aiscnargea. -. -. ' ; The last of the quartet was James Bros, nan. He lives, he said, ln South Brooklyn. 0,und in front of the Fifth Avenue Hotel at 1 o clock yesterday morning. He had on long blue streamers, and orange and btack rosettes. He muttered something about being a Yale-Princeton Yale-Princeton Yale-Princeton student He was locked up. In court he still Wore the streamers. He finally admitted that he was not a college man, and said that he was employed by the Metropolitan Life Insurance Insurance Company as a bookkeeper. He waa n?1? Rvm. twenty-seven, twenty-seven, twenty-seven, of 400 ""t Fifty-second Fifty-second Fifty-second Street, waa imlnwl before Justice Welde ln the Yorkvllle Police Court yesterday on a charge of intoxication and disorderly conduct, At the close of the Tale-Princeton Tale-Princeton Tale-Princeton football football game at Manhattan Field, Saturday, Ryan, who seemed to be ln a very happy frame of mind, engaged Cabman Fred Booth of 1.218 First Avenue to drive him to Sixth Avenue and Fifty-ninth Fifty-ninth Fifty-ninth 8treec Ryan was well dressed, and tha cabman did not for a moment doubt his ability to pay for the drive. Ryan stopped at one or two saloons on the way down town. On reaching Fifty-ninth Fifty-ninth Fifty-ninth Street and Sixth Avenue he said : " I don't want to get out here, take me to Lexington Avenue.,r Booth drove out Fifty-ninth Fifty-ninth Fifty-ninth Street to Lexington Avenue, when he found his fare both stupid and Impecunious. Falling ln his efforts to get his money or even to rouse his passenger to a state of sensibility. Booth drove him to ths East Sixty-ninth Sixty-ninth Sixty-ninth Street Station House. On reaching reaching there Ryan waa found lying at full length upon the cab seat, his heels protruding protruding from the window, which be . had smashed. He spent the night in a cell. He expressed great surprtss yesterday morning morning when he found where he was. His bill for hack hire was S3. Ryan declined to tell what business he was in. but from papers found in his pockets pockets it is believed he is connected with a life insurance Institution. . Justice Welde committed committed Ryan ln l-'too l-'too l-'too bail to answer at the Court ot Special Sessions. FOR C0YER50R OF MISSISSIPPI Senator SleLamrlm Aaaoaaees that !I Is m Candidate. JACKSON. Mlsa, Deo. 2UnIted States Senator A. J. McLaurln has decided to enter enter the race for Governor of Mississippi. He was seen yesterday, and, ln reply to the direct question, said it was his Intention Intention to run. While it has been generally believed that he would be a candidate, this wilt be the first authorized publication of that fact. The phenomenal race he made before th last Legtxlatur for the unexpired term of Senator Walthall is still fresh In the mind of the people. He left last night for Wasn-ington, Wasn-ington, Wasn-ington, where he experts to remain unul tb dose of the session, when he will return return and. give such attention to his cau-dldacy cau-dldacy cau-dldacy as be thinks it requires. Left the Coaaty Safe Locked, FORT WORTH. Texas. Dec i Ex-Treasurer Ex-Treasurer Ex-Treasurer Ex-Treasurer E. M. Phelps of San Augustine County has been missing from his home ia ji Augustine since Nov. 17. The county sf Is locked, and Phelps's successor canuut gala admission. FREE WOOL BARGAINS IN CARPETS ANO RCC3 AT 'COWPERTHWArrS NEW ETC": 10 Wal H'.h EC . j-Rxa j-Rxa j-Rxa woe-, woe-, woe-, a:3

Clipped from The New York Times03 Dec 1894, MonPage 3

The New York Times (New York, New York)03 Dec 1894, MonPage 3
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  • 1894-12-03-NewYorkTimes-p3-CivilServiceCommission

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