Where The Gold Has Gone?

President Cleveland says in his message that since the date of the second issue of bonds, November 22, 1S94, "more than $69,000,000 of gold has been drawn from the treasury." Where lias it gone ? Since November 30, up to and including last Saturday, the exports of gold have been $28,861,855. This would leave about $40,000,000 to be accounted for. It has obviously been withdrawn by the banks, for themselves and their customers and correspondents, for hoarding and for speculative purposes. At the time of the last bond issue the banks of this city held $93,677,000 of specie. This. was depleted on December 10, by j payments on bonds, to $59, 000, 000, a loss of about #35,000,000. The rest of the $58,500,000 required to : pay for the bonds, came from other cities or from private stores. On Saturday the bank holdings of j specie had increased to j 000. This was a gain since the I bond payments of nearly 000 against the government loss of, more than $69,000,000. The exports and the visible gain by the banks account for $51,000,000 of the loss. The other $18,000,000 is no doubt held in private hands and by banks in the interior in anticipation of a premium or to guard against an emergency. Is it any wonder that the aclministration turns from the banks to the people for relief? - New Vork World. Last Tuesday the bilí amending the county commissioner law in the provisions relating to qualifications and term of service, occupied the entire session of the house of representatives. It was finally put upon its passage and met with at least a temporary defeat. The vote was at once reconsidered and the bill laid on the table. The defeat resulted from the effort of Representative Redfern, who has the bill in charge, to push it through with greater haste than some members thought advisable. This bill was recommended by a committee of the state teachers' associatien, adopted by the association, and fathered by the department of education. It increases the term of the commissioner to four years, and requires that, in addition to the other educational qualifications, he shall have had three years of successful experience in teaching. This provisión relative to teaching experience is in keeping with an unwritten law that has prevailed in city schools for years. No city with as many schools as many of the counties have would think for a moment of electing to the superintendency a man or woman, no matter what his or her educational qualifications might be, who was inexperier.ced in the work of the school room and in school supervisión. The object of this provisión is to secure for the district schools as careful supervisión as possible, to tfie end that they may be placed on the same plañe, so far as may be, as the corresponding grades of the city schools. The bill, if it becomes law, will add not a cent to ' the cost of the supervisión of the county schools, but will simply ensure a person of experience in teaching to' supervise them. That this experience, other things beingequal, is of great valué, no one will question. An experienced superintendent can be of very great help to the teacher, especially the inexperienced teacher, in advising and directing the work. This must be true, or else the office is one that does not give any adequate returns for the money expended. The bill will be called up again, and as it has the earnest support of the department of public instruction, it will probably become law. Representative Kempf has introduced a new congressional apportionment bill into the house. It places Washtenaw in the third district, along with Branch, Lenawee and Hillsdale. The district, on the basis of the vote of 1892, would have a republican majority of 650. On the vote of 1892, every district except one, as arranged by Representative Kempf's plan, would be republican. The first district, made up of parts of Wayne county together with Macornb and Oakland counties, would have a democratie majority of 5,319. Judge Long has won his suit, in the supreme court of the District of Columbia, relating to the revoking of his pension certifícate. Judge Bradley holds the revocation to be illegal, and that Judge Long is entitled to his pension of $72 per month. The miners, lumbermen and j mers of Michigan in the legislature are miUe with astonishment at the I antics and language of Mayor Pingree, who has transferred his cage from Detroit to Lansing and is performing there with great energy. They wonder where the queer feral creature was caught and to vvhat category lie belongs in natural history. As for political classilication, hs is more lonely than John Donovati. - Chicago Herald. It begms to look as thougli Piugreeisrn was approaching its end iti the Michigan metropolis. All classes of citizens are apparently getting their fill of the bombastic and varigated mayor. If the municipal affairs of Detroit continue in the direction whither they are appar ently tending Michigan may vet have a minature Gotham in her midst. Thebill repealing the differential tax of one-tenth of a cent on sugar imported from bounty paying countries has passed the nationai house of representatives. This is the feature. of the new tariff law which has caused the European embargo on certain American products, notably beef. The nationai board of trade, which has been in session at Washington this week, has passed a resolution strongly endorsing the poition of the president on the financial situation. This body is composed of prominent business men from all parts of the country, and is nonpartisan.