The Departments Report and Postal Telegraphy Views
The Comptroller of the Currency report outlines banking supervision developments. The Postmaster General provides views on Postal Telegraphy and related communication services.
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Newspaper
Dixon Sun
Location
Dixon, Illinois, United States of America
Date
Dec 18, 1872
Page
2
The Comptroller of the Currency report outlines banking supervision developments. The Postmaster General provides views on Postal Telegraphy and related communication services.
The War Department’s expenditures for the year ending June 30, 1872 totaled 36,372,157.20, down 427,834.62 from the prior year. Summary charts show a 33,801,378.78 forecast for 1874 and detailed allocations for fortifications, river and harbor works, public buildings, and related defenses.
The annual Treasury report outlines salaries for Assistant Secretaries, debt reduction from 1869 to 1872, and future revenue and expenditure projections. It notes a $33.7 million debt-reduction surplus for the year ending June 30, 1874, and discusses sinking-fund bonds bought since 1869. It also cites total imports and exports for the year and critiques ship-building incentives as inadequate for revival.
The Comptroller of the Currency notes the National Currency Act becoming law in 1863 and tracks the system through 1872. It reports bank counts, failures, liquidations, total circulation, and the 1870 act adding fifty four million dollars in circulating notes to balance state allocations by population and wealth.
The text outlines a projected shortfall after issuing fifty four million in new currency, with twenty five million to be withdrawn from banks in New York Boston Massachusetts Connecticut and Rhode Island to equalize state proportions. It warns of bond sales to redeem notes if banks do not comply and advocates repealing the section and expanding annual circulation for five years to support new national banks and a move toward free banking.
The Postmaster General reports that the government originally built and owned the telegraph and only relinquished control due to misjudged facilities. He argues that arguments against postal telegraphy mirror those once leveled at the mail service and that the nation must reassess this system.
The author argues telegraphy is a mail-like service needing public ownership. Private monopoly prevents affordable, universal access and government employees would reduce temptations to misuse. Government can buy existing lines, recoup costs, and offer lower rates. a postal telegraph plan is urged but delayed to the next Congress.
The Weekly Tribune highlights agriculture as a core pursuit with expert essays on farming practices and latest experiments. It reports agricultural progress, market news, and country reports, aiming at farmers, teachers, students, and general readers with literary and educational content.
The notice offers subscription options for the Weekly Tribune including single copies and multiple copies with various price breaks. It lists prices for 1 year and multiple copies per address with additional clubs and extras, and directs subscription responses to the Tribune in New York.
The Chicago Tribune now operates from rebuilt premises in a fifty six column quarto, offering earliest and fullest news from all quarters, comprehensive market reports, and strong editorial and literary sections. It positions itself as independent and progressive, championing equal rights and Western industrial and business interests. The Tri Weekly reproduces two daily issues. Weekly provides the daily substance plus rural farming features and homey sketches and tales.
An English authority estimates British wheat deficiency at 22079,200 bushels not counting inferior saved grain. Another authority puts England 20 percent below average and Scotland not half. With potato losses and livestock disease, prospects are bleak for the poor across the British Isles.
The oldest Chicago jewelry firm N Matson & Co. relocates to a new marble building at State and Monroe Streets. Boston merchant Geo E Johnson joins as partner, boosting capital and stock. The firm promises unmatched displays of jewelry, watches, silverware, bronzes, and fine goods to top prices and quality in the West.
A Cincinnati report states using Davias Pain Killer for bathing and inhalation to treat Epizooty in horses and to mix one ounce in warm water and molasses for bronchitis. Allen's Long Balsam given three times daily aids expectoration. Fourteen horses cured. dated November 27.
Telegram notes that another Herring’s safe was saved from the Boston ruins with everything intact. It states nothing was lost in Herring & Co’s safes and gives the Chicago office address at 46 State St.
Purity and sweetness claimed for Hazany and Caswellu s Cod Liver Oil made by Caswell Hazany Co New York. Physicians deem it superior to others and it is praised by The Youth s Companion as judicious and enterprising. Also mentions Plantation Bitters remarkable sales figures and free annual medical encyclopedia giveaways.
Article discusses magnetism as a powerful natural agent with claims of cures from Magnetic Springs in Michigan and other areas. It highlights Dr Trask mixing magnetism with vegetable extracts to produce an Electric or Magnetic Ointment and urges public trial, referencing the paper’s advertisement.
A playful ad notes a nanosome present priced at a hundred Elmwood Dollars for a gentleman and a year of use. It claims first class furnishing stores can supply them.
Professor Dana Hayes of Boston analyzes The Queen's Toilet for Complexion and finds it free from poison and a truly valuable preparation.
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