The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1881-12-16

various branches Of the public SER
vice administered by the Department.
The ordinary revenues from all
sources for the fiscal year ending juno
80. 1881, were: from customs, $l9S,
l59,61622; from internal revenue,
$l35, 264.SS5 81; from sales OF public
lands, 1921, SSH; from tax on ci,cu-
lalion and deposits Of National banks,
$S,ll6, ll5.72; from repayment of in
terest by PAcixc railroad companies,
$l0,sS3 80; from sinking fluid tor pub
nc railway companies, $50, lSO Oh;
from custom fees, dues, penalties, etc..
81, 225,5l4.S6; from tees, consular let
ters aud patent land, $2.2449S3.9S;
| from proceeds OF sales OF Govern
ment property, $500, ia; from profits
on coinage, $3,4oS, ass Sc; from reve-
nues OF the District of Columbia,
sources, 80, 2O6 sso:ls; to,ai ordinary
receipts. $3.50, 49,. 292 81. The ordi-
nary expenditures for the same
| period were: for civil expenses,
SIT ,94t,1 10; for foreign inter
course, $ll3.954 90; for Indians.
1851, 46l.O9; for pensions, $oOO59,-
279.62; for tho military establishment,
rtVVE uul tbpt'NC-
| ments aud arsenals, $40,466, 400 30 !;
tor the naval establishments including
vessels, machinery and improvements
at navy yards, sic, 6S6 67l &c; for mis-
| cellaneOus expenditures, Including
public buildings, lighthouses, and
collecting the revenues, $4l ,S35 $50. 81 :;
tor expenditure on account OF the
for interest on the public debt, $S2.-
6OS,741.1S; for premium on bonds
purchased, $l,O6l, 24s.7S; total oriin-
airy expenditures, $500, 7l2,sS7. 90,
leaving \ surpius revenue OF 500 O69.-
440.9S, which was applied as follows
To the redemption OF bonds for the
sinking iund, $74.37l 200; fractional
OOi OILS loan of February, 1861. ST.
4l8.OOO; 1O-4O's of 1864. $2,Ol6 $50 !:
s. 9O's Of 1852, $lS.3OO: 5-2O's of 1864,
coisoI. Of 1866. $4,000; con,
soils Of 1867, 1919, 5000; consols OF
1868, $685., 10000; texan indemnity
stock, 100000; old demand com
$4,000. and to the increase In cash in
the Treasury, $l4637. O23.96; total,
500, O80, 4OA9S. The requirements OF
| the sinking fund for the year Mount
cd to $50, 786, O64.O2, which sum in
cluded balance OF $40,Sl7, l2s.7S not
provided for during tho previous fiscal
year. Tho sum of $7,4lSO2l.O5 was
OF 81, 9O5. s73.47; the increase of the
year 1881 Of over those of the previous
year, SIS, 352, sol. 10. 1t IL Estimated
that the receipts during the present
fiscal year will reach $4OO0OO,OOO, and
the expenditures $27OOOOOOO, leaving
. surplus of $lS0,O0O,O0O applicable to
the sinking fund and the redemption
<>f tkAv h al
Il approve the recommendation OF
tho Secretary Of the Treasury tina,
provision be made for the early retire.
Inent of silver certificates, and tina,
the Act requiring their issue be re
pealed. They were issued In pursu
ance OF the policy Of the Government
} to maintain silver at the gold stand
ceivable for all customs, tax and al
public debts. About $66,OOO,OOO o
|, them are now outstanding they form
an unnecessary addition 10 the pape
currency, q sufficient am on mt of W hicl
may be readily supplied by tho Ma
tional Banks.
In accordance with the Act of Fob
ruary 2SthS 1873, tho Treasury De
dart ment has monthly caused at laas
$4,000 900 in value of silver bullion &c
be- coined into standard silver dollars
$lO2 ,OOO, 600 of these dollars have been
already coined. while only about $3i,
100000 are in circula alton for the rea-
sons which he specifics. L concur in
the Secrctary's recommendation that
tho provision for coinage of a fixed
amount each month bc repealed, and
that hereafter only SO much be coined
as shall be necessary to supply the
demand. The Secretary advises that
the issue of gold certificates should
not for the present be resumed, and
suggests that the National Banks may
properly be forbid by law to retire
their currency except upon reason
able notice of their intention 80 to do.
Such legislation would seem to be
justified by the recent action of GER
tain banks on the occasion referred To
In the Secretary's report.
or the $I5,OOO.OO0 OF fractional cur
rency still outstanding only about
$4,000 has been redeemed the past
year. The suggestion that this amount
may properly be dropped from future
statements of the public debt seems
worthy of approval. SO also does the
suggestion of the Secret airy as to the
ACCESSIBILITY of relieving the calendar
of the United States Courts in tbs
Souihern District of New York by
the transfer to another tribunal of the
numerous suits there pending agains,
collectors.
In the last annual report of The Sec
rotary of the Treasury the attention