Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-03

Inc ordinary revenues from
all sources for the fiscal year ending June
30, 1882, are shown to be as follows:
| from Customs .........,, 5000 40 730 q
From Internal Revenue ....... 146. 1855 a
From Sale of Public Lands -. 4.77S.140 81
From Direct Tax. ............ 16O,14l IS
miscellaneous. ................ 3l,703, $40 So
| Total Net Revenue. ....... 400, 525 $50 25
The surplus revenue was S145,543,81O71,
The ordinary expenditures for the same
period were:
For Civil Expenses. ... S57.219750 90
For the Military Expenses, In
GLIDING River and Harbor. 1856. 1914 19
For the Naval Establishment. 5000. 046 26
FOR Indians. ................. 9,736,747 40
FOR PENSIONS. ............ 6l.345. 1913 81
interest on Public Debt. 7l,017, 2e6 79
Total Ordinary Expenditures 257. ,439 81
The receipts of the government show
an increase over those of 1881 of S22,151.-
O54.23 IN the revenue from Gus
toms; $11,233, 2O9.94. from the in
internal revenue; ,551,177.2O from sales
of public lands; 6,7O7,4 1864 from miscel-
laneous sources, making total increase in
the net revenue of $42,742,s57.91. The
total net revenue was $4O3, 525, 25O.28. The
net expenditure decreased from $26O,712,-
887.59 to $257,9s1. 44O.2O, a reduction of
S2,731, 447.39, which, added to the increase,
makes $45,474, 4O5.1O in the surplus rev.
enue applicable to the reduction of the
public debt. The expenditures on account
OF interest on the pnblic debt show re-
duction of SLAB ,534. 39-from 49,, $685.
741.1S in 1881 to $71,O77, 206.71 in 1882.
The excess of revenues over expenditures
was $145,543,S 1OOS, and the
amount applied to the reduction of the
debt $166, 281 ,505.55. The amount stand
ing on the books of the treasury to the
credit of the disbursing officers of the
United States at the close of the fiscal
year was $s6,O67, s72.4s.
THE POsTOFFICE DEPARTMENT.
The receipts for the fiscal year on ac-
count of the postoffice department. were
$31. 1856, O62.30, and the expenditures $780,
265,29S.4s. Of these amounts $2O,211,-
991.7S, or about one-half, was received and
expended directly by the postmaster, with
out being deposited in the treasury. The
unavailable funds of the treasury decreased
from $29, 521, 632.72 to $29,517, 1852.
EXPORTS AND IMPORTS.
The exports for the last fiscal year
were 1873, 239, 1872, as against $685.
925,947 during 1881, decrease of
$150,686,21 The value of our exports of
cotton was $199,S12,644. The value of
the exports of breadstuffs amounted to
$1s2,970,52S. The imports during the year
amounted to 1924 $685. balance of trade
in our favori face of our decreased ex-
ports aggregated nearly $26,OOO,OOO.
+ REDUCTION OF TAXATION.
The president congratulates the country
upon its prosperity, and favors a rigid
economy in public expenditures and re-
duction of the internal taxes. He endorses
the recommendation of the secretary of
the treasury that the tax on distilled
spirits, tobacco and fermented liquors be
reduced to a minimum consistent with
sufficient revenue to meet largely in
part the ordinary demands of the
government. He favors otherwise the alb
clifton of internal taxes, leaving spirits,
tobacco and fermented liquors to bear the
burden.
REFUNDING.
A considerable portion of the message is
devoted to report of the operations con-
nected with the refunding of the three and
a half per cent. bonds into three per CENTS
From the fact that these latter bonds rule
at premium, the president suggests to
congress that in his opinion the time is
now ripe for legislation which will enable
the secretary of the treasury to further con-
tinue to refund the debt. He thinks the
experience of the year conclusively shows
that the bonds of the nation bearing 3 per
cent. interest can be successfully
placed. He aggregates the amount of
interest it will require to pay the four and
four and halls if they remain outstand-
ing until maturity, and concludes that
wise craftsmanship ought to find out some
means of escape from the burdens of such
heavy drafts upon the treasury on account
OF interest. He recommends no specific
plan, but if some portion of the bonds are
not funded, favors modification of the
law, so that national banks may in some
way have the advantage of the premium
on such bonds as are held by the United
States treasurer to secure their circulation.
THE TARIFF,
Touching the tariff, the president renews
his recommendation of last year, that
the existing laws need revision.
He expresses the hope that
the labors and the report of the tariff COM
mission may be so enlightened as to facili-
tate congress in dealing with the subject.
The president also renews his recommend
alton for the early retirement of the silver
certificates, on the ground that they form
an unnecessary addition to the paper cur
rency, which he thinks can be supplied in
sufficient amounts to meet the demands of
trade by national banks.
GOLD CERTIFICATES. -.
An interesting clause of the message is
devoted to the gold certificates. OF the is
sue authorized by the"act of July IL, 1882,
$138, Oo0, 900 has been ordered printed for
issue; up to Nov. l., $21, 10000 had been.
issued, and $14,s27,0O0 are held in the
vaults of the several United States
sub-treasures, leaving actually out