The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1882-12-14
Report Of the Secretary Of the Treasury.

in the Treasury was wholly applied to the re-
demption OF various classes Of bonds and old
demand, coinpound-interest snd other notes.
The demands of the Sinking fund for the year
were fully met. The requirements of that fund
for the pre- sent fiscal year will be $ AZ 956.25,
of which there has already been applied the
sum of $3I 1880.
The expend!tures show decrease over the
previous year OF go, A3: ss2.3 8, as follows: In
the navy department., $854, $3.50; in Interest
on the public debt, Sl1, ,43l 3d. 30; and in civil
and e fooWs Maerf IN
war department, 50, 1O4, ,os86l; for Indians,
81, y, ,506.ai; and in pensions, 81, ,2S5sl4.33-
making III g a y. net decrease in the expenditures of
The estimated revenues for the current fiscal
penditures benz 81 S.oSS,oSO, I leaving ms 9 after tn. de-
mands of the sinking fund are met, a balance
of receipts over exr end lures of S1F,517,0g}.75.
ing bonds total of Sl4l, $50, and S2s,l39i,-
750 of continued 3h per cent: bonds have been
exchangeefor per cents. The reduction of
the annual interest charge on these exchanges
sRsferEis ne standard silver coinage the
There had been coined on No
bember 4, 1852, under the act of
February2s 1878 of standard sill
There were In the Treasury at that '''''''
date. Observation-Disclosures. ge,948,O94
And in circulation -. sss,ssa,7ss
ber j, 1881, about. 34,000,O00
Increase. .......................... :. sl,sss,7Se
The increase in the circulation of standard
silver dollars between November j, 1881, and
November i, 1852, was less than million and
a half of dollars. The amount coined during
the same time was S27,712 0I5. The supply in
the aggregate, and furnished yearly, is much
OF the above amount held by the Treasury
November ], 1882, there we're in the Treas
vaults of the Assistant Treasurer at San Fran
cisco nearly $14 OO9. COO. and in the mint at that
place nearly ss7,0l00Oo. making nearly s4l.:
000,O01 in San Francisco. If the coinage of
sta dard lver dollars is kept up, and the de-
mand for them for circulation is as dormant as
Treasury Department will find, in public re-
ceptacles, storage-room therefor.
The amount Of silver certificates outstand-
| ing November ], 1881, was about $66. 600 900,
and the amount outstanding November l,
| 1882 about $65.500. 900. The Treasury holds
aa1 an ns na syeF aoEs Se
amount of silver certificates outstanding has
lessened during the same time. Judging from
past experience, we need not expect an in
creased demand for silver dollars. The rec
ommendation is renewed for the repeal of the
act requiring the the issue of silver certificates. m
early retirement from circulation.
The imports of foreign gold and silver coin
gated s42,4i2.39 and the exports s49. .4i7,l79
| The coinage at the mnts was $ll7, 81 ,54. The
coin circu lnton of the country at the end of the
fiscal year isestimated to have been 500 455,5 ,545
There was a further increase by coinage and
imports during the first quarter of the present
fiscal year of SlS,a45.261, making the grand
| total Of coin in circulation SITS, 500, sos.
The number of National Banks organized
during the year is III, which is the greatest
The number of banks in operate is 2,269;
more than at any previous date. They are
located in every State and organized Territory
of the Union. The returns made by them
show that on October of the present year
they had as , aggregate W capital S4SS, io5,Ss; as
- lD- 6od 1nhn ln0r in mt
81 23S, ,2S6, 52i and held in spec e, $1o2S57,ITS
The interestbearing funded debt of the
United @ States & was ON N0yemDes % baDss id A t6
National Banks, State Banks, and Savings
Banks at the nearest corresponding date that
amount is not greatly less than one-half of the
whole fnterest-bearing debt.
Similar facts have also been compiled from
the returns made by State banks, savings
banks, and private bankers to the Treasury
Hcf,artinS q forfhe r.rpose of taFation, show.
ing that the banks aIfd bankers of the country,
exclusive of the National Banks held an aver.
age amount of United States bonds du ing the
six m nths ending May Ma "a. 81, Iss. as follows
sIt.s7G, ,aa5; total, $3.50, ,iiossi. ~
The revenue from customs for the fiscal
year was S2.o, 410, ,73025 an increase OF S22,2olt
b54.23 over that of the preceding year; an In
crease in the value of dutable imports of S73,
There was collected at the port of New Yorb
the sum of $l52. ia, 962. 81; at all other ports
$6s, 200, $685. The sum of $491 s,3l2 was col
lecte1 on sugar. melado and molaSseS: SO, I'D,
0l6 on wool and its manufacturers; 2l,175,5f
on iron and steel and manufactures thereof
81. .s33, 1T on manufactures Of silk; $!:,2T, 10
on those of cotton and Sc, III ,4S3 on wines ane
spirits; in all, from those articles. $l4, ,25S 59S
From the various objects of taxation under
the internalrevenue laws the receipts for th'
fiscal year ended June 30, 1882, were as follows
From spirlts. ,SS 4
From From fermented sggaeGt l... LIQUORS. %isi5ssS %
From banSs and bankers. ....:... 6,253, ,45S
From adhesive stamps Gnclu1ing
tion hank @a,shes ossaas; II; EafeSt de9
riss %saisissi sssstlss &C. 7issss isss
From collections not otherwise
prOv1Qed Tor. f0r..................... ol,ooS
The Secretary discusses at considerabi,
length the question of the anticipated surplu
of revenue, and declares that the remedy TO
the evil is the reduction of taxation, SO that n
more will be taken from the people than j
necessary to carry on the functions of Govern
ment. He refers to the enorm ty of the per
further demands upon the Government in tina
direction, and then recommends that take
be continued on spirits, tobacco and fermente
liquors, as articles of luxury, and all othe
internal taxes be remitted, unless that ol
bank circulation be retained. With respee
nto GHtes he the On sg5
AMI molasses wool and its manu- actures, iro
and steel and manufactures therefrom, MANI
! In addition he recommends careful reyisio
of the tariff, with a Y ew of placing on the fire
list many articles now paying duty.
The Secretary then gives the stat sites OF tn
imp )rts and exl orts of mer handise and foo
| products and petroleum, and declares this
/ the immense oduction of the cereals give
3 | prom Sc of gre atty increased expectation du
i | ing the ,ulrent fs al year.
1 The questions of commerce and naVlgauo
( are then treated and the staten mt mrde this
q only l6 per cent. of the imports and export
4 | OF the last fiscal year WIS a-ried by Amer
| can essels.
= The secretary describes the condition of th
) | Life-saving Service, the Co st and Coed It
3 | Survey, e Marine Hospital Service, tn
Steamboat Inspection Service. giving the CO..
and eff cheney of each. He recounts the stats
8 les of Immigration, points out certain defec
in the law for its regulation, and asks Tor tt
= creation of a proper bureau to have the ma
| ter in its exclusive charge. The operation
Q | of the National Board of Health are discusse
at some length, and the opinion is given th'
y the work laid out for the Board is well dor
. and the results accomplished are satisfactor
The condition of affairs in Alaska is treate
Q that some sort of civil government be devise
8 fut :Ge territory.
: a WONDERFUL cave has been found ne.
2 Sawtotno, Idaho Territory. One chamb
(! which WIS explored is said to contain tt
: image of a man made of what had the a
i pearance of silver. At the head was he
Q met OF pecul ar pattern, in VIII ch were thr.
o imitation feathers. made of o. lIl CONNIE