The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1882-12-06

cations With lsading European pow
90. And then adds:
It appean that the ordinary rsv.
epues frusu all sources for the 1seal
year ended June soeh, Use, were ~
follows: FrOsn customs, t&.41,-
73035 f.onl internal revenue, elA6. :
~, 5e6.45; from sales ofpablic lands,
q, 75s, 1900; from tax Oh circulation
and deposits u National Banks.
IS, 1856. 70e. IS; from repayment Of In
| terest By the Pacific Railway Com
many, SsA0,s6s.s7; from sinking fund
1or R.ciAc Railway Company, $796. :
971.42: from csst0ms, fees, fines, pen
alties, etc., Sl3l, 81, 800; from Sees,
Consular letless, patents and lands.
$363, 8o9. 90; fr0sn prnceeds u sales OF
government property, ssh. 0b0.S5 ;
from profits u coinage, bullion de-
p0sils and anays, ~, 60S: from In.
diau trust funds, @575, rs; from DE-
posils BY individuals Tor surveying
Public lands, 32,O62, sos; ftom nv
enuev Of the District II Columbia,
gu o:r g: ' s, III, 4ss' s. Tctsi q ord
nary rsesipes-e4os. ~, s5oS.
The ordinary expenditures TOT the
same period were: For civil ex.
pespses. tl8, OF, 386.42: for foreign In.
ierrouise, tSsi. 566. ~; for Indians,
81 IA, ~. 10; for pensions, $G, IL, s)0 {;
Tor the military establishment, IN.
Guiding river and harbof improve
meuts and aSDenals, ~, So, w. ID
Tor the naval establishment, inciud-
ing vessels, machinery and improve
menis ut navy yards, $l5, Gss, ON y;
for miscellaneous expenditures, IN
Guiding public builllings, lighthouses
and collecting the revenues, 81, 53@,.
S37.:D: for expenditures on account
Of the District of Columbia, g, 39O,-
5sxs7; for interest on the public
debt, s., 1O7, 73.G7 total Of ordinary
expenditures, S237, 901 $500, leaving
. surplus revenue Of 5.SS, SlO.7l J,
which. with IN amount drawn from
The caeh balance In the Treasury Of
ca. 7y7 ,003, 81, making $l08, 2Sl, 5O5.55,
which was applied T., the redemption
Of bonds-for the sinking iund, $0O,-
O70. $50: Of fractional currency for the
sinking fund, s., 7U5. SO; 0f loan Of
July and August, 1851, 81. 5l2y $50
Of Loan az March, 1861, q, a.. SUI; Of
funded loac 0f 1881, 81, 10l, 40; Of
loan Of 1853, q, ',OO az han Of Feb
r,lary. lStil, S;3O1, OO0; " 5-ss Of lSB22.
81. lGO: Of 5-z,s Of 1881, 81. 100; Of
55Os 6f 1885, g. $40; Of NJ Of 1861,
Ssa. so: OF consOls of lSGS, Sal, IN |;
II OrpxOn war debt. e875, go; Of old
demand, compound interest and other
notes, SIS, $50; total, II, ISL .:aS.S'.
COMMERCE.
The foreign commerce Of the l.. =.
during the last fiscal year, NEEDING
imports and exports 1t mercha ntliss
anil sIeciaI, wss ~ follows: Expert
merchandise, $7jO. 742,2s special,
~, 4l7 ,476; total, $7Y9, 80, 736. Inn
port merchandise, 81, ts39, 554; specie,
81, ~, 100; total, $7I7, III asa. tx
cess Of exports over imports Of nSer-
..l,andise, ~, 0Os, 683. This excess Ia
less than It has Leen before any Of
the previous nix years, o. appears ny
the following table for the year end
ed June 5oth: Excess IL exp.rts
over imports Of merchandise, IN 1876,
$178. ~. 4sl.8l; 1877, $l5l, l52, O0l; 1873,
&a0 .SlA ,23l; 1879, $:8i ,66I ,6(6; 1SSi'.
Sls7, 6ss. DIE 1881, ssio,7l2,7ls; IsS::.
-, 3Os, 0rs.
NATIONAL. HANKS.
During the year there have been
Orxauixe0 III national hanks. Ut
these institutions there are now Ia
operation 2,:80, y larger number tlsap
ever befOfp. The value Of their notes
In actual circulation on July lst, 1S88 ISL,
wss $:;:sl 81, IS. ] commend to your
attenti0n the Hccrctary's views In
respect to the circulation, AMI to the
modes by which that result ,slay, In
his Judgment, b. avoided.
COINAGE o. SILVER.
In respect to the coinage Ut silver
dollars and the retirement Of the stl-
yer certificates, nave seen nothing
Ia alter, hut much To confirm the seli-
tin,ents to which gave expression
last year. 4 comparison between the
reerectivc amounts Of silver dollars
In circulation on November lst, laHl ,
and on November LIST. lS6e, shOws .
sDixht increase OF million and .
ualf eiDllars, but during the
interval, there had been Ia the Whole
number coined nm increase Ut II. Co.,
ODlp. anil the 4, laNI, tAnD thus Tar Inintet'
make . little more than :t5,saA', O,W in
circulation. The mass Of accalmu-
lalesl ct,in has grOwn I'D g,eat that
the vault roOnl ut present available
for storage Is scarcely sufficient 10
contain il. It Is not apparent Why
Il il alcsis1tle to continue this eDin-
are % enormously in excess Of pub
lie demand. Al To the silver certiil-
cales, In addition tO the grounds
which seemed last yOsr 10 justify
their retirement, may IN. mentioned
the effect which h likely to esDsl,s'
ircsn the supply Of gold certificates
for the issuanCe Of which Congress
recently made provision AID which
are now in active circulation.
THE REvENCES.
You cannot fail to note with inter-
est the discussion by the Secretary ~
to the necessity Of providing by leg-
islatiOn xDslle mode Of freeing the
Treasury n an excess. l hereby ap-
prove Of the Secretary's ret.omn,en-
datiou Of immediate and extensive
reductions in the annual revenues IT
the Government. Ii will (De resllesli-
berpsl that I uryesl uln,n the aiten-
ton of Congress at its last session
the Importance Of relieving the in
dustry and enterprise Of the country
from the pressure 0f wnuesv,~ary
taxation. 1t h one Of the tritest
n.axinss of political economy that all
taxes are lM,r(lensOn,e, however
wisely and rruslemily imposed, and
though there have always lxen
among our people wide differences OF
sentiment - to the best method 0f
raising the national revenues and in
deed - to the lssiueiples upon which
taxation should he hased there has
been Substantial accord In the d0c-
trine that only such taxes ought I" I've
levied ~ are necessary fOr . wise
and economical administration Of the
government. ~ late the public rev
enues have far exceeded that limit,
aud unlees checked by appropriate
legislation such excess will continue
In ipspFcaaa fFS,nA vesAP Ia voMR. For