The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1879-07-28
which at one time was worth only 80 cents, the
equal of the gold dollar which it represents.
MI. Sherman,s Speech.

which at one time was worth only 80 cents, the
equal of the gold dollar which it represents.
Mr.. Sherman's speech.
was substantially that which he delivered at
Portland. In abiding to the opposition which
Congress made to the resumption act he entered
more into details of appropriations and eXpen-
ditures than he did in his speech at Portland:
He said that the expenditures during the fiscal
wear, 1879, were S266, 947 ,SS3.53; and the eX-
penditures during the fiscal year, 1878, were
S236, 964, 326. 80; increase OF expenditures III
1879, 500, 1888, 556.73. During the fiscal year
1879, the following extraordinary expenditures
were incurred: Halifax award, $55OOOO0;
arrears of PENSIONS $685. 93; interest on pub
lie debt due to refunding operations s., S21 ,O64.
80: refundng the national debt due to refund
ing operations S99S, 059.63; j. b. Eads CON
tract $3.50 900; to promote education OF blind,
$25O,000; total extraordinary expenditures,
SIT, 704 ,0S6 90; leaving balance of $l4,279,-
469 70 to be accounted for by increase OF appro-
priations over the sum appropriated Tor the
same purposes for the fiscal year 1915. Inns
increase of expenditures does not result from
increased estimates of the several executive
departments.
The estimates submitted to Congress by me
for the service of the fiscal year 1879, amounted
to $3.50 G8S 1868, which included an estimate
of S37, 196 045. 04 for sinking fund, leaving the
estimates. exclusive of this item, $243, 400, 751.-
a. The expenditures for the year 1879 ex-
coed the estimates for the year in the sum OF
| of 1913. 455, 1929. Thispresents the anomalous
feature of Congress appropriating more money
| for the service of government in given fiscal
| wear than is sestimated for by the several de-
partments. The practice has heretofore been
! for the departments to estimate for larger
amounts than are necessary, with the eXpecta-
| ton that Congress would appropriate less
amount thereon, but this administration,
earnestly DESTROYS of cooperating with Con
gress in the reduction of expenditures to the
lowest sum consistent with the proper execu-
ton of the law, carefully scrutinized all items
| of estimates, and presented to Congress the
actual figures which in its Judgment were
thought necessary to carry on the expenses of
the government. For the fiscal year 1880, the
estimate presented by congress amounted to
! 275, 1877, 250.94, including the interest on the
public debt, the sinking fund and other perma-
nent annual appropriations, which items IN
| the aggregate amounted to MA, 939, 43o. ~
| leaving the sum of $129197 S12.6S as the
amount of estimate to be acted on by Congress
The appropriations made by Congress for the
fiscal year 1880, including deficiencies and
miscellaneous, will aggregate about $162,000,-
600, showing an excess of appropriations ovel
the estimates of S32, 800, 900. Notwithstanding
this increase in the general expenses of the
government, made necessary by increased ap
preparations by Congress, the expenditures UNI
| der the Treasury department, such as expenses
of collecting the revenue from customs and eX
penSes OF the bureau OF engraving and printing
have been largely reduced, the expenditures
of the former, for the year 1879, showing 8
reduction over the year 1877 of 81 ,015, 25S.54
and of the latter of GA ,OO1.S7. There was al
increase of customs receipts during the fisca
year 1879, the amount of which cannot, at pre-
sent, be accurately stated but certainly moi
| less than $2,000,000, due to the stringent en-
forcement of revenue laws, and particularly or
| account of increased valuation OF importatiOns
| by the action of the Treasury department in
| preventing fraudulent invoices and under
| valuations.
/ see that your member of Congress from
this district paid his respects to me in speech
at Portland. He says, "Mr. Sherman has sold
| $3.50 1000, 900 of per cent. bonds in one day tC
bloodsuckers who are choking the country, and
he should be impeached." Well, l thought
that selling $190,000,000 of 4 per cent. bonds
whereby we saved the people ST. ,900,0 900 year.
was mighty good thing. That is more than
Ladd would save the country if he was elect
ed to Congress for life. Now, have in my
pocket the last ten-dollar certificate that was
issued, and 1 believe that is the only bond
l own, but am bloodsucker because l pos
sess that certificate. Who are the bloodsuck-
ers? Your neighbors, the most enterprising
and industrious citizens of our country. Why,
| Mr.. Ladd proposes to vote for Mr.. Smith, who
| is a bloodsucker on a gigantic scale,3 compared
with my ten-dollar certificate.
| Secretary Sherman spoke for nearly two
hours and was listened to with the most earn
est attention to the close, being frequently in
terrupted with outbursts of applause. The
audience was one of the finest ever assembled
here and literally drank in and appreciated
the earnest words of the Secretary as they ap-
pealed to the reason and intelligence. AT
the close of his speech the audience rose en-
n,asSe and gave three hearty cheers for the
speaker. Among the prominent men on the
platform were ex-Representatives Powers and
Hale.
BANGOR, July 27.-secretary Sherman re-
manned in the city over Sunday by special re-
quest of a number of citizens. Mr.. Sherman
in company with Postmaster General Key and
party took dinner with Senator Hamlin, after
whice they were taken in charge by number
of prominent citizens with carriages and driv-
en- about the city, visiting the various places of
interest, including the water works. Secreta-
ry Sherman leaves tomorrow at 8 o'clock on
revenue cutter Grant, which is making reg
ular tour of inspection of light houses, and will
go from here to Mt. Desert. Postmaster GEN
eral Key and party remain here tomorrow the
guests Of Senator Hamlin.