Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1840-01-16

military and naval, for the
first three quarters; and es-
estimated for fourth quarter 24,769 ,667
Redemption of Treasury notes
for the whole year 1881 ,75s
Aggregate payments 35,66l ,427
Available balance in the
Treasury on the 3ist De-
cember 1889 800, 1874
Exports and Imports for Commercial gear
of 1910.
The exports during the year ending
Sept 80, 1899. are computed to have been
S1l8, $50, 004. This is S9.372 1888 more
than those of 1888.
| The imports during the same year were
about Sl57 500 500. being the very large
excess of S43 ,S92, l53 over those during
the previous year. This" continues the
Report, smay be a solution of portion OF
the pressure in the money market" "Ihe
! difference between the imports aud exports
being 500 $50, $50, in favor of the former.
is larger than in any year, except three.
since 1888, and is much larger than any
difference in the valuation of the same ar
ticIes with the profits in the foreign trade
added"
cit must therefore, except so far as re-
duced by an annual quantity of goods con-
signed here from abroad and yet in store,
unsoid, be a very decisive evidence OF an
increasing Indebtedness by this country to
other nations, and except SO far as this new
Indebtedness may consist of stocks sold and
the proceeds returned here in merchandise,
+ it must furnish another proof of one I'M
mediate cause of the present pecunia'y
PRESSURE
Estimate of Receipts and Expenditures for
1910
From the best information possessed by
the Department, it is computed that the
aggregate of receipts available for public
{ purposes. will not exceed $18, 600 600 Of
which 81 5, 900 600 are from Customs, and
three and half from lands. Adding the
balance on the LIST January 1910 amount
to 500, l56, 3S5
If Congress should make appropriations
f to the extent desired by the different de-
partments, the expenditure for lS40 inde-
pendent of Treasury notes,ar
+ estimated at $20, 900, QUO
{ Including all the Treasury
f notes to be redeemed the ag-
gregate expenditures would
be about 22,75o,Ooo
This would leave a deficit in
the Treasury, at the close
of the year, amounting to 2,593, 6l5
But there will be due from the
u s. Bank in Sept. next,
on its fourth bond 2,52e, $40
The principal now due on the
1 Treasurer's deposits in 9TH
er banks, which suspended
specie payments in 1887, is $4,000
Shonld all those clims be col
lected in 1910, they would
prevent deficiency, and
leave an available balance
in the Treasury of nearly LOSE ,S65
f 1t is not, however, considered prudent
to rely exclusively on the collection Of these
debts.
The Secretary proposes to meet the de-
fcency by reduction of the aggregate
of new appropriations; and if Congress
will not do that, he advises them that "i.
will be wise to provide reasonably, in some
way, for the amount of the contingent de-
, ficiency"
The Department is without any resort,
temporary or permanent, in case of mater
ial de6ciencies--it having no power to call
upon the states for the surplus with them
deposited. The propriety of the provision
by Congress, of Some permanent safeguard
under fluctuations ofreceipts and expendi-
lures, is strongly urged.
On the subject of the "permanent def-
cheney apprehended as likely to happen in
: the revenue, after 1871, under the opera
S of the present tariff" the Secretary post
PONIES any particular remarks for the pres
t ent, as he doubts whether Congress will
: legislate in anticipation of an event that
may possibly, but not probably, be avoid
e ed. Journal Of Commerce.
PosrERITY. 1t is pleasant to observe
how free the present age is in laying tax