The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1874-04-23
100000

July, 1868. ........... $4,000, 00t
Act of July "A, 1S.O,includ
ing reduction Of inter
nal revenue. ......... si.526.41t
Acts Of May l, and June
6, 1872, including reduc
ton 81 internal revenue 81, O6O, S2(
Total reduction since June
30, 1866. ....... .$319, 5S7 ,2a
OF this reduction 80. ,22I $3.50 was
taken from internal revenue. On July
l, 1873, there was surplus of s43,
100000 in the Treasury, of which
e29, O0O, 900 was due to the sinking
fund. If the current year Is to show
deficit, it will be because eApendi-
lures have increased, or because the
revenues are diminished from those
of last year. The receipts of 1873
we're 1888, rs, 2O4 the receipts Of
1874, as estimated by Mr.. Dawes, will
be $eS1, 107 ,922, decrease of over
&52, 0OO, 900. The diminution will not
be so great, for since Mr.. Dawes
made the estimate for 1874 the con-
dition Of the Treasury has improved.
Accepting Mr.. Dawes estimate, our
revenues have fallen of $4,000, 900,
while the increase Of expenditure has
been less than $2.0O0.0OO We are.
then, called upon to anticipate de-
fcit, which, if it occurs, will be due
to too great reduction Of taxation.
Twenty-Five millions have been taken
off from tea and coffee, but this did
not reduce the cost OF either article
to consumers; the reduction has been
wholly for the benefit Of the producer
and the wholesale dealer. This
amount of revenue has been uselessly
thrown away.
General Garfield then proceeded to
show in what ways retrenchment OF
expenditures could be Effected
There is limit beyond which re-
trcnchment is impossible. Have we
reached that limit: Taking 1873,
and grouping the expenditures, we
find that they amount to
l. Those growing out Of
the late war SD. ,262.4l6
2 For military and naval
establishments. .... 1898, 9S2
3. For the civil service
and public works. -. .9,OS3,s3.
Total .......... S290.34j.235
Thus fitty-four per cent. OF the expen-
ditures was directly for the war. eigh
teen per cent. for our military and ma
val establishments, and twenty eight
per cent. for the civil service and pub
lie works. The Army, the Navy, and
the Fertilization Appropriation bill,
already passed by the House, appro-
pirate q total Of .ll. 663.2S. less than
the original estimates. In the pend
ing Legislative Appropriation Bill
the reduction below the estimates is
q, 5000 In the Indian Appropri-
alton Bill! there is reduction of near
" $2,o00,OoO. In the Miscellan.
eous Appropriation Bill it is believed |
that there can be reduction on light
houses, 81, 100000: on navy Yards. |
400, 900: on arsenals, 100000; on
public buildings and grounds in the
District of Columbia, 100000: on
buildings under the charge of the SUI
oervising architect Of the Capitol.
g SOC, 000-making total reduction
n the miscellaneous appropriations
IF S., 100000. In all these bills there
5 reduction below the estimates Of
20, 600, 900, to which is to be added
IL, 100000 to be reduced from the
'stimates for rivers and harbors-
making tie entire reduction s34 BOO
400. From this is to be subtracted
bout $1,000, 900 for relief and claim
ills, whatever is appropriated for the
Centennial Commission. whatever is
,iven to the Board of Public Works,
nd the amount appropriated as de-
lciency. 1t is reasonable to expect
hat we We can reduce the expendi-
ures OF the current year, exclusive of
he sinking fund, to s27o,oOo,0oo.