Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-01-09

Report, we copy from the New ioi
Journal OF Commerce.
Rerenae anil Means for 1910.
The balance Ia the Treasury OH the
1sl of January, 1889, winch would be
considered available for general purpo
ses, was 50, ,4j6.9l6.
The receipts from customs, tho first
three quarters. rs appearing by the Re
gis,er's books, are $l6, 1923 3D3.
This includes two millions aud three
fourths, collected last year in Treasury
notes, aud carried on his books till 1870
Receipts from lands, the three frs
quarters, including also some COLLECTED
last year in Treasury notes. S5.4l72S6
Misc laleous Receipts. $l25 20S.
Estimated receipts Tor the 4lh quarter
from all sources, S5,70O,00O
Receipts Oh some OF the debts against
banks not available Oh lst Jan. 1889, but
sin ce pad, Sl,?22,6S6.
From the third issue of Treasury note
under act OF March 2d. 1899, S3.S57,l76.
Aggregate means, S372l7,Sl2.
Expenditures, for 1889.
Civil, foreign, miscellaneous, military
and naval, for the three first quarIers,an
estimated fer 4lh quarter, $24, ,769,G67.
Redemption OF Treasury notes Tor the
whole year, Sl0,S9l,750.
Aggregate payments, St5,66l ,427.
Available balance in the reasury on
3lst Dec. 1889, Sl,556,3S4.
Exports and Imports for Commercial
Year Of lS4O
The Exports during the year ending
Sept. 30, 1889, are computed to have
been $llS,369,004. THIS is 80, ,s72,c SO
more ihdn those oi 1888.
Tho Imports during the same year
were abou, Si57,6o9,56o, being the
very large excess Of $43, ,592. l56 over
those during the previous year "This,'
continues The Report, "may be solu,ion
OF Il per ion OF the pressure in the money
IN ,hct - The difference between The
imports and exports being s39,250,556.
in favor of the former, is larger than in
any year, except three, since 1889, and
Is much larger than any difference in the
valuation OF the same articles with the |
profits IN the foreign trade added"
sit must, therefore, except so far as
reduced by an annual quantity o. goods |
Consigned here from abroad, aud yet |
in store, unsold, be very decisive evi |
dence ot All increased Indebtedness by |
this country 20 other nations, aud eXcep, |
so lar as this new indebtedness may
consist Of stocks sold and the proceeds
returned here in merchandise, it must
furnish another proof of enc immedi.t"
cause OF the present pccuniary 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 SIS ,6O0,.
900 Of which fifteen millions are from
Customs, and three and half from lands. !
Adding the balance on the LIST January
1910, the efficient means for lS4O will
amount TO $50, l56,3s5.
Ii Congress should make appropria-
tions 10 the extent desired BY the different
deparmrn 5, the expenditures for 1910.
independent of Treasury notes, are cs.-
mated at $40, 100000.
Including all The Treasury no,es to be
redeemed, the aggregate expenditures
would be about $22,75O,00O.
This would leave deficit IN the Trea. |
sury, at the close ofthe year, amounting
to $2,503,6l5,
But there will be due from the U S.
BaUk in September next, on lis fourth |
bond, 50 ,526.5j6.
Tic principal now due on the Treasu.
rer's deposits III other banks, which sus.
pended specie payments in 1887, is 81,
I40,09t.
Sno;,ld all these claims be collected |
in 1910, thoy would prcven, deficiency |
and /, ase an avai,dble balance IN the
l rcasury ot nearly 81 ,US2, $50.
Il Is mo-. how ever, considered prudent
,o rely cx, lusivcly OIL the collection oi
those debts.
The Secretary proposes TO meet the II
d, ticichcN by II reduction OF ihe dggre. II
gate oi .'"w "rpoprlatIons aud IL Con.
pruss vail n.i dJ that he advises them VI
that " il vii be wise TO provide seasona.
bly,, ~ s'nc cher way, Tor the amount
OF The contingent Deficiency"
The department Is vi h .ut any resort,
temper r. 80 pcimaHc.i, ~ care oil ma
tciial dchcicncIcs--it ha,i 40 power
tca!l upon the states for ihc surplus with
ibom dcprsilcd. he prnpriety of the
provision, by Congre,s, Uf some porinan.
eIf sai, guard uudcr iluctu, llons oI r.
coIp's ai.d expenditure, :. is strong yutsed
On the subjrci of the "permopem dc.
4, ieacy appr hcnd'd ~ likely Ia hoppe
ia the revenue. alter 1911, under toe