The daily union. [volume] (Washington [D.C.]) 1845-1857, 1856-01-05
REpoRr on rnE sEcRErARY on rHE rRRAsuRY.

REPORT OF THE SECRETARY OF THE TREASURY,
We give this morning entire the last annual report Of
the Secretary Of the Treasury Accompanying this report
are papers subreports making in all six hun
dred and octave pages The report exhibits
the financial condition Of the federal government in the
most prosperous condition; and from the clear concise
and succnct in which the workings OF vast
monetary system given It win only be very gener-
ally read but II win be read understandingly All who
have perused this admirable report unhesiatingly pro-
1t Of the abest documents Of the kind which
have emanated from the Treasury Department dstn
guished as department has for having head
under former administrations some of the gifted in
tellects Of the country and the age.
The receipts and expenditures for the fiscal year ending
July l. 1885, according the secrearys figures, may be
briefly summed up thus:
RECEIPTS.
Balance in the treasury July J. ls54... S20l37907 so
Receipts from all sources. 66oo3950 80
Total for the service of the fiscal year
ending July J. s5,l4liS96 90
EXPENDITURES
Total expenditures for the fiscal year end
ing July 1885, S66, 400 922 04
balance ia the treasury July lS55... 1921 976 oil
s5,l4I,s9 o5
The of $l5,e23,ses is put down the estimated
balance in the treasury the LIST Of july 1885, and the
sum Of $29672497 TIE estimated balance in the
ury the lst Of July, 1857
On the 4th Of March, 1853, the public debt amounted
to the Of 9l2eoa7 a. This has been reduced up
to and including the 18th Of November 1856 to s39ee9
73l 05.
The receipts from customs for the remaining three quar-
Of the present fiscal year have been advanced the
estimated receipts submitted in the report of last year
"Ths has been done" says the Secretary, because
the abundant agricultural productions a all sections
of country viii justify larger expectations, and
the demand for provisions in Europe by
thew and limited crops but with the expectation of less
demand for cotton, and diminished prices and also the
Of American stocks under continued srngency in
the money markets Of Europe growing Of the demand
of money for the and for breadstuf and the with
drawa Of money from circulation under unprecedented
scarcity and Its effects upon the money market in the Uni
ted States The advance may be realized but il is be-
lieved the estimate is fair one and, all events the
receipts from and lands will meet the estimated
expenditures far they win be called for and allow
considerable for the redemption Of the public debt
should the holders be willing to part with it."
The Secretary again recommends repeal of the fishing
bountes In regard to the tariff question, he says IAN
examination of the tariffs enacted in this country
in connection with the increase of banks banking capital
and banknote circulation viii afford evidence that the
creased duty has, almost in every instance
been councracted within short time by the increased
culaon Of bank notes. Again "The United States with
its mixed currency Of gold silver and bank notes has been
good market for the sale Of foreign productions and
uacures and in the general bad market for the sale
ownthe foreign article taking the gold and silver
the better part of currency with the increased price
given by banknote circulation, aud raising pro-
auctions such price not TO allow Of their exporta-
ton, unless in times Of great foreign demand"
large and not the least interesting portion of the
port devoted to full explanation the workings of The
accounting system of the Treasury Department accompa
MED with practical Suggestions derived from experience
Vigorous efforts making for the collection of all
standing balances due the government
The ndependenttreasury still continues emnenty
successful in all its operations The transfers for dsburse
ment during the fiscal year. the amount of s394o7-
GA os have been made at Of Sl9T62 49, whilst the
premium the sale Of treasury drafts has amounted to
s3oi3l 81 The receipts and expenditures during the
fiscal year. amounting $751; ss59 So have all been in
the constitutional currency Of gold and silver without any
percpblc effects upon the currency the healthy bust
operations OF the country.
Efforts making to have the OF all the
cusomhouses kept upon the uniform principles and
the forms and routine for the entry Of goods at all
the ports with the like advantage of warehoung esporta-
ton aud transportation
In regard to the construction and repair OF buildings
under authority OF the Treasury Department the Secretary
says that efforts being made have all the work
done with the best materials and In the best manner the
appropriations viii allow, and fire and thiefproof
as possible, with provision for warming and ventilation
The report closes with brief reference to the steamboat
act OF August 3d. 1882 follows There be no ques-
ton but that the operations Of the have been bene6-
cial, and might be made by energetic and
uniform enforcement OF provisions and by extending the
to the Pacific The Law requires modif-
cations amendments, and additions recommended to
the last Congress and should be placed under the direc
ton and control Of Of the executive departments
without which the necessary and proper direction and
control cannot be had .#T
OPPOSITION.
The National TtHgencer IL not the bean IDEAL OF fair
dealing public Journal Is the bean ideal OF an opponent 10