The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-01-19
FXoa rnR aicHxoSD VINO.
REPORT OF TIE St, 'RETARY OF THE
TREASi LnN


The first part Of NE Aauua Report Of the See
rotary OF the lieasufy inserted &c. day; the re-
nGinder will be given to-n,orrov.
For the Hefi of b general readef, who NAV
not nave time or patience to wade through the in
tficais document, Nc propose a condensation of
! the more I'M, AM portions. To srrapee and
condense vouuiHous paper, filed via details,
is al na time very pleasant undefiakiHg--ii 10
peculiarly ifk.ons To classify the muddy illusions
o the suolgaiherlBg intellect ~ ihs Eusi Lord uf
the fte4suFt. II has not been oGr fortune to Pc
rose the wrtrings vi any man who possessed, in
emlnent degree, the provoking srt Of using
language to ootuse rs ideas. His composition
Goes ati parlaks OF the amusing character o. Ms.
Aislspreps no vas ia ,ae habt, q pressing words
into her sentences, that souio grt her habess cor
pas trofB any Court ia Oh istondora; but he seems
10 take Il, insured plea urs ia - twisting aad
turning and Involving anj cora pIicatiag dis phrase
eagy, as to pm hIs meaang beyond tie reaeh of
the NEST gfasping reader Many passages on
first resotug, tAlak you distinctly e1np ehena
read them agalq aud yeu thiak cur firsi irl-
preston orroneous--a third reading iucreas-
es your doubts fourth pfovoSss wa to deuouacs
the author a. nddltd brain TOOL.
The present report o. the profound financier.
though not iull Of provoking passages of his
ye; enough to vindlcate us paternity and puzzle
the reader.
There vas in the Treasury on the Isl day Of
January 1897, 45,96s,523-,he rcceiA during he
year trsm all sourcss 23,4g9 ISL, which maze an
sggreg.te of 69,46s 5Q4
o. Ibis enormous sum, The Administration
economical Admiaisiraiion, has expended $780,
900 being IL 100000 uiors tkaa the income.
This unparalleled extrapagsnce the siHHpis See
Rotary confssses, was induced, as il as jusuhtd.
b, the overlooking Treasury tbas tbs na-
toDsl fsc is reduced TO beggsry, he says they
vii be more economical.
Dedueiing the IS 100000 for expenses, there
should remsin in the Treasury IN the Is. Of jan
uary, 1888. 34,O0O,O00. Bu, as i'll luck would
have ~ in consequences Of the disastrous Experi-
meni" and ether incidental causes, only coo, 600
al this SUN will be available the Isl of January.
2S,0O0000 OF it ere deposited with the States, .ad
3,50O000 are ia the DsposiGs Banks.
The receipts for the year 1888 are estimated at
81 $50, ISL. The expenditures at 1895, 500.
Thus or The new scale Of economy Fromised-by
the Secretary, the expenditures will fall belsw the
income absu, 10000 Ia this aspect OF the case.
The learned Secrstary considering the fluetus,inr
condition Of eur receipts and expenditures" verv
graysly doubts whether the receipts in 1888 viii
exceed The penditures, Sc ss 10 produce any sur
plus, which can be- deposited with ths Sts!es for
safe keeping GA the ist Of Janu4ry, 1889, az re-
CURED BY the eSistlsg laws"
We notice in the list Of expenditures for 1898.
an it0m Of l,0O0,0 900 fer military service" Thu.
We suppose, ls the oisgrsoeful Florida ear which
10 TO be eontinaed throughout the cemine year.
The Illumination Of experts and Imports shsv
the severe shock which irsds has received from
III, financial experiments of the party. The sr-
ports during the year amounted 10 $4,000. 0OO--
being about 100000 less thau iasi year. This
decrease the Secretary xscrbea 10 the fall Of cot.
ton lsst spring. Tbs iapor.s we're 10000, 600,
being 100000 less than last ye,s,
During the last quarter snsing the 30th sfSsp-
tsmbsr the imports were - rlllisHs and the ex-
carts only 10 miliioas. This unexpected result
has surprised the Secretary; but be thinks. nst
outstanding tAs ; millions j, shess against Us,
ina, in consequence Of the rsmittsDees IN stocks
Of various kinds, "tks fcseisa Gsss SO far frem