Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1840-01-14

Miscellaneous receipts, I25,20s
Estimated receipts for the ithquar-
ter from all those sources, $500, 900
Receipts on some of the debts a
gainst Banks not available. on
the LIST January 1899, but since
paid. 1898, $50
From the Sd issue oftreasury notes
under the act of March 3, 1929, 3,s57,276
Aggregate means, S37,2l7,sl2
Expenditures for 1899.
Civil, Foreign Miscellaneous, Military and Ma
val for the first 3 quarters, and estimate for
the ith quarter. $2i,769,657
Redemption of treasury notes for
the whole year. I0,s9l,156
Aggregate payments, 1861 ,429
Available balance in the treasury
Dec. 3lst, 1899, I,556,3s4
1t appears that the amount Of the outstand-
ing treasury notes has never exceeded 10000
600.
Exports d imports for Commercial year Of 80.
The exports during the year ending Sept.
80, 1889, are computed to have been SllS,-
359,001. This is S9,S72, 1888 more than those
of 1888.
bout 1857 ,90s, 26O, being the very large ex-
cess of $40, 1922, 1856 over those during the pre-
vious year. "This," continues the Report,
"may be a solution ofa portion ofthe pressure
in the money market. The difference be-
tween the imports and exports being S39, $50
$50, in favor of the former is larger that in any
year, except three, since 1888, and is much
larger than any difference in the valuation of
tho ---~n p,,clns with the profts in the foreign
trade added"
ut must therefore, except so far as reduced
by an annual quantity ofgoods consigned here
from abroad, and yet in store, unsold be a
very decisive evidence of the increased in
debtedness 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 immediate cause of the
present pecuniary pressure"
Here the Secretary goes into some interest
ing remarks on our commercial history, and
he furnishes several statistical tables, which
"throw new light on several subjects of com
merce and the other branches ofindustry con-
nected with the finances.
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 $4,000, 600, Of which fifteen mil
lions are from Customs, and three and a hall
from lands Adding the balance on the FIST
of January 1910, the efficient means for 1870
( will amount TO S20,I56,3S5
| If Congress should make appropriations "a
the amount desired, by the different depart
ments, the expenditures for 1910, Independent
of treasury notes are estimated at $40, 900, 00f
Including all the treasury notes
10 be redeemed, the aggre-
gate expenditures would be
about 22,750,00(
/ This would leave a deficit IN
the treasury at the close of
the year amounting 10 2,593,6I:
/ But there will be due from the
u. S. Bank in September
/ next, on lis fourth bond 2,526,57t
+ The principal now due on the
Treasurer's deposits on 9TH
er banks, which suspended
I specie payments In 1907. Is I,IiOOOI
| Should all these claims be col
! lected in 1910, they would
prevent a deficiency and
! leave unavailable balance in
1 the treasury Of nearly l,0s2,s6s
/ IL is not, however, considered prudent 70
/ rely exclusively on the collection of these
debts.
The Secretary proposes t0 meet the def
/ cheney by reduction Of the aggregate Of new
/ appropriations and, if Congress viii not Do
that. he advises them that, III viii be wise tc
4 provide seasonahly in some other way, for tho
amount Of the contingent deficiency"
The department Is without any resort, TEN
I pOrary or permanent, IN case Of material def
ciencies-it having no power To call upon the
states for the surplus with them deposited 49,
/ The propnety Of the provision, by Congress,
for some permanen, safeguard under luctus-
( tons Of receipts and expenditures, is strongly
urged.
The manner Of keeping the public money,
with the proper guards against losses, IS one
Of the prominent topics OF the report.
On the subject Of the paramount deficiency
apprehended as likely TO happen IN the reve-
nue. after 1871, under the operation Of the
present tariff" the Secretary posipones any
particular remarks ior fiie present. as he doubts
whether Congress will legisllie 10 anticipation
Of an event that may possibly, but not prv5ab-
~ be ayoided