The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-09
OIL


This leaves unclaimed and undis-
v; charged sss7737 81
Interest with divi-
dends 25I 569 II
The latter consisting Of the amount
due LIST Dec. 1886, S2504I6 90
Add excess Of repay
menis since LISP II
2d, On the unfunded debt there has
been paid, including SI99 81 for
interest on Treasury notes Of 1885,
= the sum Of S7o6 &C
This leaves the amount ofcertifcaes
and notes payable ON presenta-
Viz certificates issued for claims II
during the revolutionary war and
registered prioro 1885, ss27 293 81
Treasury notes issued during the late
Certificates Of Mississippi
STOCK 432D W
8. Estimates Of the rerenne and expenditures for he
year 1888.
The receipts into the Treasury from the ordinary
sources. during 1888, may, under the explanations
and conditions hereafter mentioned be estimated
az $3l 1853, 1877
Viz Customs, including about four
millions, which is expected to be
collected on postponed
Lands, including one and hall mil
lion for estimated sales under ano-
Their prescription law, ifone passes,
and OF new tracts brought into
market, 100000
Second bond Of United States Bank
with interest due in September,
1888 2293l2l
First instalment Of the principal due
from the former deposile banks in
July, 1888, estimated al $685. 66
Interest on the same, with incidental
and miscellaneous receipts 100000
New issues Of Treasury notes in
These, and the estimated balance Of
$l,0S549S, which will be in the
Treasury on the first Of January,
1888, available and applicable 10
public purposes, constitute ag-
gregate of S33, Oi5, 2s5
The expenditures of The year 1888, including the
redemption of the Treasury notes, whch'may be
paid in for public dues, or become reimburSable
within that year, are estimated at S3i ,926 ,S92
Thus the new appropriations called
viz: Civil, foreign intercourse, and
Military service, etc. ll,664,6l2
Naval service, etc. 1858, 1852
The permanent appropriations for
theseryice of 1888, made by former
For the details of new and permanent appropria-
tions, reference may be had TO The estimates.
Appropriations expected to be made by Congress,
beyond the estimates
submitted, 100000
These new and permanent appropr-
atoms amount TO 1913, 1876, l9
The outstanding appro-
prations al the end of
this year, after deduct
ing what will gotothe
surplus fund, are COM
pued at Ia, l4l CAB
All the appropriations, then which
chargeable to 1889, constitute
an aggregate of ,S92
OF these it is supposed that not over
eleven millions will remain out
standing al the end of the year,
and consequently that the expendi-
lures on account of the whole will,
in 1888 be about 1926 1872
Add to this for redemption Of Trea-
sury notes by purchase, and by re-
ceipt OF them for public dues
they not being reissuable 5,oOO,OOo
equal to $3I, 1926, s92
The balance that will thus be left available, and APP
plicabe TO public purposes the 3lst OF December,
1888, is estimated at 81, u.s. 1893.
In the fuctuang condition OF our receipts and ex
pendtures, it may appear before the close of the pre-
session, that results likely to happen essentially
different from some Of these calculations.
But II must at present be very questionable whether
the receipts In 1888 will exceed the expenditures so as
to produce any surplus which be deposited with the
States for safe keeping the lst Jan 1882 required
by the existing laws On the contrary, any considerable
departure from the estimates eherby increasing the APP
popriatons reducing the receipts, by paying IN for
public dues larger amount OF Treasury notes, Will nc
cessariy deficiency Little certainty therefore,
be attained in any calculations on these points, TIL
further facts developed concerning the revival OF
commerce, the probability of speedy improvement in
the currency and the in ecctng, fast Is
compatible with the public interests that reduction in the
appropriations which, in the present, well as prospcc
tive state of the Treasury, is it may be presumed anx-
iously desired by all
A, Exports and imports an 1897
The value OF the exports and imports during the year
,hirbc ndni he Of Son al NAV he
seen, accompanied by interesting details in the an
nexed table The exports ascertained and eslnat
ed to have been 81 6,906.Q60.
OF these, about S95 1881 1919 were Of domestic, and
1921 1872 ,s6l of foreign origin.
They show since The previous, year, dminuton in
the former Of $ll 733,4Sl, and in the latter OF only
S23499
The decrease in the value Of domestic exports has
been occasioncd chiefly by the great fall in the price OF
cotton during the last spring They would otherwise
have been very large. The exports OF foreign mer-
chandise have been prevented from falling much below
their former amount by the commercial endorsements
Of the times. These particularly in the last quarter
led export OF foreign articles, unusual in proper
ton to the Imports for the double purpose OF obtaining
the drawback many of them in specie, and OF dis
charging the large debt due abroad.
The value Of the imports for the same year was
$l40,S52.9s0
This is $40 l27 055 less than the value OF those dur
ing the preyo,ls year.
Inc imports during inc last quarter eHui'S oeP'c"-
Der 30th were only S22s296ll or at the rate OF but
S9l.3lS4 a year.
Perhaps stronger illustration could not exist Of the
exravagan, over-tradng during 1886, than the acnow
officially ascorained that the imports which, in natu-
raj condition Of business, shoad be less than those OF
1887, nearly fifty millions larger and were about
hundred millions beyond the rate OF imports during
the last quarter.
Tee exports during that quarter were Sl9, l5o,034,
being Sl3, $40 of domestic origin, and S6,052,52l
Of foreign growth BY this result it will be gratifying
to see that the imports, though diminished were not all
needed for home consumption and that greater pro-
portion OF them than in the former quarters has been
sent abroad to reduce the foreign debt Yet tho whole
exports were smaller than many anticipated They
have also very Unexpectedly been S3533,3l3 less IN