The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1881-12-06

whose representatives participated IN IL:
deliberations. this form has been present
ed by the National Board of Health ant
incorporated with its rules and regulations
which have been approved by me in pur
suance of law; the health of the people is
of supreme importance and all measures
looking to their protection against the
spread of contagious diseases and to the
increase of our sanitary knowledge fol
such purposes deserves the attention OF
Congress.
The report of the secretary of the treas
ury represents in detail highly satisfacto-
ry exhibit of he state of the finance and
the condition of the various branches OF
the public service administered by that de
partment. The ordinary revenues from
all sources for the fiscal year ending
June 10th, 1881, were, from Gus
toms, S19, ,S15, 1857. .602; from internal reve
nue., S1a526. 33s, ,531; from public land.
1922, 1856, 317; from taxes on collection and
from proceeds of sales of government
property, $26 ,217, 400; from profits on
coinage, So, 46S, 4S5; from revenues of the
district of Columbia, So, ,096, 1919 %; from
miscellaneous sources, $40, ,6SS, ,013; total
ordinary receipts, $3.50, 782, ,292, ,657. The
ordinary expenditures for the same per
cent, were: for civil expenses, 81, 794,
117,719; for foreign intereoatse, $109, 1885,
492; for Indians, 1851, ,416, 109;
for pensions 5,005. .027, ,962 Dollars;
for the military establishments, includ
ing river and harbor improvements and
arsenals. 81, 046, ,645, ,055; for the naval es-
tablishment, including vessels, machinery
and improvements at naval yards, ST.
568, ,667, 166; for miscellaneous expendi-
lures, including public buildings, light
<oJI III
S37, $50, $40. .651; for expenses on account
of the District of Columbia, $3.50, 3S1, ,203;
for interest on the public debt, $S, ,250, ,874,-
11S; for premium On bonds purchased,
$106, 124, S7S; total ordinary expenditures
$26, ,071 ,28S, ,759 leaving a surplus
of revenue of $10,006, ,94o, ,489; de
posits of National Banks 1911, ,611 ,572
from repayment of interest by Pacific rail
way companies, $50, S33. 80, from sink
ing fund for the Pacific Railway Cos,
1906, 1904 from custom fees, fines, pat
ents ETC., $125, ,514S6 from foreign consul
ar, letters, patent and lands, 1924, ,49S, 400,
which was applied as follows: To the re-
demption of bonds for the sinking fund
$74, 371 10000; fractional currency for
sinking fund $40 900, 1906: loan of Febru-
ary 1861, $7,41S, 10000; ten forties of
1864, S201, ,615, 900; five twenties of 1852,
$1S3 ,000,0S; five twenties of 1864, $34,-
600; five twenties of of 1865, $373, 600;
consols of 1865, $14S, 15o, 900; consols of
1867, $95, ,915, 900; consols of 1868, 1897.
100000; loan indemnity stock $1,000. 900,
old demand compound interest and other
notes 81 ,S33, 900, and to the increase of
cash in the treasury 81, ,463, 70s, 1913, total
$10.006, 940, ,49S. The requirements of the
sinking fund for the year amouted to
~ ~ -.
balance of Sd, ,9S1, ,712, ,S7S, provided
for. During the previous fiscal
wear the sum of $44S ,02O, 105 was applied
to this fund which left deficit ssof ST.,
$40, 5S1, ,347: the increase of the revenue
for 1881 over those of the previous year
was So, ,935, ,29S, 10. 1t is estimated that
the receipts during the present fiscal year,
will reach 100000, 800, and the expendi
lures $270 1000 900, leaving a surplus of
$3.50, 600, applicable to tbs sinking
fund and the redemption of the public
debt l approve the recommendation OF
the Secretary of the Treasury, that provis-
ion be made for the early retirement OF
silver certificates and that the act
requiring their issue be repeal
ed. They Were issued IL
pursuance of the policy of the government
to maintain silver at near the gold stan
dard, and were accordingly made receiv.
able for all customs, taxes and public
dues; about sixty-six millions are now out
standing. They formed an unnecessary
addition to the paper currency, sufficient
amount Of which may be readily supplied
by the National banks, in accordance
with the act of FebuHry 2S, 1873. The
treasury department has monthly caused
at least two millions in value to be coined
- AL
and two million Of these dollars have been
already coined, while only about thirty
four millions are in circulation
For the seasons which he specifies, concur
in the secretary's Recommendation that the
provision for coinage of a fixed amount
each month be repealed and that hereafter
| only SO much be coined as shall be neces
sary to supply the demand. The secretar,
advises that the issue o.
gold certificates should not fol
| the present be resumed and suggest
that the national bonds may properly b.
| forbidden by law to retire their currency
except upon reasonable notice of their in
| tention so to do. Such legislation SEEM
| to be justified by the recent action of certain
banks on the occasion referred to in tht
secretarys report.
OF the fifteen millions of fractional cur
reucy still outstanding only $4,000 ha
| reduced the past year. The suggestion
| that this amount may properly be droppet
| from future statements of the public deb
seems worthy of approval; SO also does tn
suggestion of the Secretary as to the ad
visibility of clearing the calendar of tn
United States Courts in the Southern Dis
trict of New York by the transfer to ethe
tribunals of the various suits there pend
| ing against Collectors.
/ The revenue from customs for the pas
| fiscal year was 81 ,915, ,967 ,602- an increas
of 81. 163, ,761 ,142 over that of the preced
ing; 81, $50, 985, ,623 of this amount wa
collected at the port of New York, leavin
| So, 025, III 1868 as the amount collected a
/ all other ports in the country Of thi
sum SAT-, ,713, 1853 was collected on suga
and molasses; 81, 2,72S, ,562. 478 on woo
and its manufactory; So, LAG, ,253, ,434 OF
/ iron and steel and manufacturers thereof
/ 81 ,903, ,S66 5s1 on manufacture of silks
1 $40, $40, 715 on manufacture of cotton
"a cents on wines and spirits making a to
i tai revenue from this sources of S133, ,S9S,
/ 72081 The expenses of collection fo
the past year were 6,41e. 345 90, an in
crease over the preceding year of $3S7, 410
"a. Notwithstanding the increase in rev
enue from customs over the preceding yea
the governments total of the imports, in
tcluding free goods, decrease of twenty
4 five million dollars, the modest decreas
was In the value of manufactured woo