Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1836-01-15
SUMMARY
OF THE
REPORTS OF THE HEADS OF
DEPARTMENTS.
SUM MARY
[Fom The Oneida ~ ~ Whig.
TREASURY REPORT.


columns Of the Commercial Advert.
ser. To read il, will occupy the res.
pectable portion of a day: wo shall en-
deavor TO condense it, so as to supply
all that is essential in the Report, in
less than column. Mr.. Woodbury's
Report is termed sable and luminous"
in The administration prints; we must
beg leave TO differ from the encomium
conveyed by this language. We think
the Report unnecessarily nainUte, and
by no means we'll arranged in its top
ics. The first portion Of it is employ
ed 10 stating the condition Of the Fl
nances, the substance Of which is con.
tanned in the Presidents Message. -
He estimates that the expenditures of
1886, will leave in the Treasury that
year, between six and seven millions
of dollars. The Secretary then pro
Ceeds 10 state the basis on which he
founds his calculations. The Secrs.
tary enumerates, with o minuteness
not customary in these Reports, the
constituent on which he rests his state
ments, and enters largely into the ques
iion Of imports for the succeeding
year, modified as they must be, by
the reduction of duties gradually ia
king place on great. variety of arti
cles, conformable 10 the Compromise
Bill. These calculations occupy two
or three columns 4 are not essential
in the statement of results. The Ser.
retary anticipates reduction for the
ensuing year in the customs, and est.
mates the receipts from this source
for 1886, at $751; 5,25OO00, instead Of
$l7.0o0,000, the amount this year.
The proceeds of the sales Of public
lands for 1886, are estimated at ST.
100000. The Secretary assigns the
reason for an estimate SO much lower
than the receipts lover nine millions
for three quarters Of the year) of the
present year. He then enters into q
calculation Of the product of the rev
enue from miscellaneous sources. II
is supposed by him, that The receipts
will not vary materially from those of
1895, He next proceeds 10 an exam
ination of The amount of expenditures
under their several distinct heads, for
1886, which he estimates at little
over twenty three millions lie then
proceeds to an examination Of The Oh
jecis to which the surplus of the next
year between six snd seven millions)
can be applied. Three and half mil.
lions Of dollars are, in the Secretary's
opinion, necessary for additional i'm
provements at the Navy Yards. The
Secretary recommends that portion
of the surplus be invested 10 meet any
extraordinary contingency which mOy
occur in our affairs He specifies
come other modes of applying any sur
plus which may accrue; these howev.
er are not essential 10 a correct under,
standing of The Report lie however
recommends reduction of duties
Centaaiiy, in case tbe surplus conlin.
Ues 10 accumulate, and reduction in
ths price Of the public lands, The
next head in this Report, Is the De-
posit Banks and the Currency. The
Secretary reiierates the Presidents ap
probation Of The action oil lhe Eepo,il
Banks in collecting and depositIng The
public money. The whole number
Of selected banks in the Union is thir.
ty.Gour, A general statement Of the
condition Of the Deposit Banks will
be made known 10 Congress in a few
days. In all cases deemed proper,
they have given collateral security for
the Deposits, Most OF The Der ,sit
Banks have intimated Willingness to
cooperate in the suppression of small
notes. Tweniy.stven millions ofspe
Gle have been imported into the Uni.
ted States more than exported from
1t. The whole amount Of specie in
the United States is estimated at S64,.
100000. The Secretary believes
that there will be no scarcity of specie
on the suppression of small bank
notes. Under the new valuations, The
coinage at the mint from Aug, 18Th,
1884, 10 Nov. 1895, has been AN,
sos The Secretary closes this por.
ton II he R'pnr, by suggestions in
relation 10 The winding up Of the Uni.
ted States Bank, similar to those in
the Presidents Message. The last
division Of the Report is on "miscela.
nsOus subjects" The Department
has, within The last year, discoutinu
ed fourteen custom house officers.