The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1881-12-07

r 52,9G1.10. It is estimated that Tn
: receipts during the present fscp7
year will reach $500, 900, goo, and A.
expenditures S270, 900, 900, ieavinEy .
surplus Of $3.50, 100000 to approTs-ss
ate to the sinking fund and the ~
demption of the public debt. T SH>
prove the recommendations of ssSs
Secretary of the Treasury, that DIS
Vls1oLs be made for the early retira-
ment of silver certificates, and tRzE:
the act requiring their issue BE-
repealed. They were issued ks
pursuance of the policy of the gov
eminent. to maintain silver near thns
gold standard, and were accordingFye
made receivable for all customs
taxes and public dues. About sixtEl-.
SIX millions of them are now oaeS-.
standing. They formed an ungE-~
cessary addition to the paper czaS@
rency, q sufficient amount of whif9szs
may be readily supplied by the ma
t!onSl banks. In accordance WisH
the act Of February 18th, 1873, tia
Treasury department has month FFs
caused at least two millions in vaEpSF-
Of silver bullion to be coined irlasg
standard silver dollars. One huns-
dred and two millions Of these dollaEE
have already been coined, while on EFv
about 81, 100000 are in circulation.
For the reasons which he specifies
L concur in the Secretary's recon-
mendatiOn, that the provisions fos
the coinage Of fixed amount IS
each be repealed, and that hereafT ~
only so much be coined as shan s@
necessary to supply the demand. Tl9ss
Secretary advises that the NJ
sue of gold certificates should not iGe,s
the present be resumed, and suggesEE
that the national banks may propaES=-
~ be forbidden by law to retire tn Sir
currency except upon reasonable
notice Of their intention so to dc
Such legislation would seem to hss
justified by the recent action Of Shs
banks on the occasion TeferrsG
to in the Secretary's repcs<x
Of the 1915, 100000 of fractional czz-
rency still outstanding, only abOaS
$4,000 has been redeemed in tina
past year. The suggestion that 1EEFsF
amount may properly be droppsGs
from future statements Of fkaA
public debt, seems worthy of az
proval; so also does the suggestion aG
the Secretary as to the advisabilifT
OF relieving the calendar of tbs
United States courts in the southerz
district of New York, by the trans
fer to another tribunal of the numss--
GUS suits there pending against Ca.
| lectors.
The revenues from customs for Ezsk
past fiscal year were S191, 1886. 760. az,
an. increase of S11, 49,, 611.42 oSzRr
that Of the preceding year. $780,
09S, 562.39 of this amount was colIeRtn
ed at the port of New York, IeavIEgs
$50, Isl, 113.63 as the amount colleeS-
ed at all the other ports Of the cocxzr
try. OF this sum $47,977, 1873 WE
collected on sugar, melado and No.
lasses; $685. 24.78 on wool ana
its manufactures; 81, 472, 4.34 Ok
iron and steel and manufacture,
thereof; Sl9,03S, 665.S1 On MANY
features Of silk; SI0,825, 1I5SK
and S6,469,643 on wines ana
spirits; making total revenue froEx
these sources Of S133, 056, 720.81. Tbs
expenses Of collection for the past
year were Sc, 419,345.20, an increasz
over the preceding year Of $685., 41st
Notwithstanding the increase id Fa---
venue from customs over the precsE-1
ing year, the gross value of imporia5
including free goods, decreased ovaE
twenty-five millions Of dollars. T3ss 10
marked decrease was in the value az
manufactured wool S14,023, $50
and in that of scrap and pig iEo@
S12,810,671. The value of import.
of sugar on the other hand, shoWsl.-
an increase Of S7.457, 474; of stez
rails, S4,345,52l; Of barley, 50, 49,
204, and of steel in bars, ingOts, eeg.-
$62,046. Contrasted with the ire--4
ports, they we're as follows Doms9-
tic merchandise, $9O839, 259.47 !; for
eign merchandise, S1S,451, 399; total
S9,023,779.46. Imports Of merchaE
disc, S6,42S, 646.2S. Excess of exp0E.x
over imports Of merchandise
$59,712,718. Aggregate Of 81
ports and imports, S15,45O,4f9 IL
Compared with the previous ySsEs
there was an increase of S66, 1913, fsSSr p
in the value Of exports OF merchazB~a-
disc and a decrease Of SIS, 290, 1lS H.
the value of imports The ANNA
average of increase Of imports gf
merchandise over two parts there2E3
for ten years previous to June 30 r.
1873, was $l04, S06,922, but for TIA
last six years there has been an ex-a-
cess of exports over imports oE
merchandise amounting to S1,16Gy~
669, lob, an annual average of 1885,
778,017. The specie value Of expog 81
of domestic merchandise was S376T-
616,473 in 1870, and $3.50, 925, 947 III.
1881, an increase Of S307, 309, 474s CT
one and three fifths pzxy
cent. The value Of impege9 j
was SAB, $50, SOS in 1870, and S642, 669-
628 In 1881, an increase o.
1878, 900, or ~ per cent dHriDr-
each year From 1862 to 1879 r.
elusive, the expoIts u specie e2--
ceeded the imports. The largest e.
cess of such exports over imports
was reached during the year 1854
when it amounted to So, 2O4, a.
but during the year ending june sec
1880, the imports Of coin and bulBs1c
exceeded the exports by SIS, s91 $50
-