Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1882-12-14
Report Of the Secretary Of the Treasury.

COulpOunQ-lQIereSG
were fully met. The requirements.of that fund
for the present fiscal year VIII be S44 422 $50
OF which 1T there t has already been applied the
The expenditures show a decrease over the
RTSTey 2 year Of t es 3d. as follows y; In
on the public debt $l1,43l, s34. SO; and in civil
ana miscellaneous, $S,251. s2251. There WAS
war department, IS, 1O4, 033.6l; for Indians,
$SS2, 5O6.3f; and in pensions, 81, 2S5. 914. 3d.
making etdecrease in the expenditures of
So, 73l, 44s.02.
The estimated revenues for the current fiscal
year are $4l5, 10000, and the, estimated ex-
penditure5 S2J5, O01,000, leaving, after the de-
mands of the sinking fund are met, a balance
of receipts oyer expenditures of S15,577 ,043 70.
eThere have been redeemed of .interest-bear-
log bonds total of $l41, 5IQ,S50 and S2SO. SO =
$50 of continued 31s per cent. bonds have been
exchanged for per cents. The reduction Of
the annual interest charge on these exchanges
is 81. 401, 97S. rs - +-H 1915
Referring to the standard silver coinage the
Secretary says: rs
There had been coined on No 81
beInber ], ISS2, under the act of
February Is, 1878, of standard sill
There We're IN the treasury at that
date. ............t. ...,... S2,946,O94
And in circulation. ............ $35.sss, 7ss
There were in circulation, Novem-
Der /, 1881, about. .................. S4.@0.OOJ
increase. ...l............. 81 ass, 7Se
The increase in the circulation of standard
November l, 1882, was less than million and
half of dollars. The amount coined during
the same time was S27.7120l5 The supply in
more than the demand. 80.
Of the above amount held by the Treasury
November ], 1882, there were in the b-Treas-
ury at New York about SI9,OO0,0O0, and in the
cisco nearly SJ4000 600 and ia the mint ar that
place nearly $2T, 100000, making nearly SAL
O00000 in San Francisco. If the coinage of
staI dard silver dollars is kept up, and the de-
mand for them for circulation is as dormant as
now, it will be a serious question where the
Treasury Department VIA ind IN pubic re-
ceptacles, stOrage-rOOm therefor.
1.-The amount Of silver certificates outstaud-
ing November /. 1881 was about S06.O00, JOG,
and the amount outstanding November L,
1852, about S65.500. 000. The Treasury holds
nearly all the standard silver dollars coined
during the year ended November /, 1882. The
amouIt OF. Silver certificates outstanding has
lessened during the same time. Judging from
past experience, we need not expect an 1n-
creased demand for silver dollars. The rec
ommendation is renewed for the repeal of the
act requiring the issue Of silver certificates,
and for law authorizing measures for their
early retirement from circulation.
The imports of foreign gold and silver coin
and bullion during the last fiscal year aggre-
gated S42, Az 390, and the exports $40 Az, 479.
The coinage at the mints was SlI7, 841,594. The
coin circulation of the country at the end of the
fiscal year is estimated to have been 500 455, $40.
There was further increase by, coinage and
imports during the first quarter of the present
fiscal year of SIS, 34526l, making the grand
total of coin in circulation Sis, SOC, S06
during the year is III, which is the greatest
number organized during any year since 1872
The number OF banks in operation is 1928;
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 capital S4S3, l04 ,2l3; as
surplus, $l3l,977, 40; as individual deposits,
81, lS2, Az, esq; had made loans in amount,
Slips, 286, 524. and held in spec e, S1G,S57,778
The interest-bearing funded debt of the
United States was, on November ], 81, AS, esq.,
S00, The total amount of bonds held by the
National Banks, STATE Banks, ana Savings
Banks at the nearest corresponding date that
amount is not greatly less than one-half of the
whole Understanding debt.
Similar facts nave also been compiled from
the returns made by State banks, savings
banks. and private bankers to the Treasury
Department for the purpose of taxation, show
ing that the banks and bankers of the country,
exclusive of the National Banks, held an aver
age amount of United States bonds GU ing the
six nths ending May 81, 1es2, as follows:
trust companse s, S232il. 430; private bankers,
$14.S7O,745; total, $3.50, ITO 957.
The revenue from customs for the fiscal
year was 1870, 40 T3O.25, increase of S22 251-
O54.2} over that of the preceding year; an in
crease in the value OF dutable imports of S73,-
e87, 1885, and in that of free goods of Sa,OSI, 400
There was collected at the port of New York
the sum or Si52-713, 1922; at all other ports,
$6S,cO .O3. The sum of $491 S,3l2 was col
Iected on sugar, nelado and molasses: SO, 253,-
DIG on wool and its manufactures; $2l, I70,547
on iron and steel and manufactures thereof
on those of cotton, and So, II ABB on wines and
spirits; in ALL from those articles. Sl4425S 598.
From the various objects of taxation under
the acknowledgements laws the receipts for the
fiscal year ended June 30, 1882, were as follows
FROM splrlts SoSo,d0 9 &c ds
From tobacco .:.:......-.-..--..- 4,59d, SSS vi
From fermented liquors. ......... 800 AZ
From BANKS and bankers. 1888 5a253s4 Al
From adhesive stamps INCLUDING
bank checks, $2,31S, 455 IA; fric- t.
ton matches, S22T2,259; patent -
medicines etc. ST. 7s, Sa5 56). 1888 jos jos e
From penalties, etc. ....-......... 1873, $50 0i
Trovi Slde for ~. .o'no. 1859 Oe
m, e71e E297 .1-o -
The Secretary discusses at considerable
length the question of the anticipated surplus
the evil is the reduction of taxation, so that no
more viii be taken from the people than is
necessary to carry on the functions of Governs
sion list and the prospect that there vii be
further demands upon the Government in that
direction, and then recommends that taxes
be continued on spirits. tobacco and fermented
liquors, as articles of luxury, and all other
internal taxes be remittsd, unless that on
bank circulation be retained. With respect
TO custom duties. he advocates sub
stantial reduction of the tariff on sugar
AMI molaSses, wool and its manu- actures, iron
and steel and manufactures therefrOm, MANN
tactures of silk and manu- f&ctureS of cotton.
In addition he recommends careful revision
of the tariff, with eW Of placing ON the free
list many articles now paying a duty
The Secretary then gives the statistics of the
products end petroleum, and declares that
the immense production of the cereals gives
prom Sc of greatly increased expectation dur
ing the urrent fiscal year.
The questions OF commerce and naVi CATION
are then treated, and the staten ent made thlt
only 10 per cent. OF the imports and exports
of the last fiscal year was carried by Amer
The Secretary describes the condition of the
Life-savin2 Service, the Co EST and Geodetc
Survey, Ie Marine Hospital Service, the
Steamboat Inspection Service. giving the cost
and efficiency of each. He reeounts the stat1st
les of Immigration, points out certain de1ects
in the law for It's regulation, and asks Tor the
creation of a proper bureau to have the mat
ter in its exclusive charge The operations
of the National Board Of Health are discussed
at some length, and the opinion is given thai
the work laid out for the Board is wei doEle
and the results accom- plished are satisfactory
The condition Of affairs in Alaska is treated
that some sort of civil goTeFnmentbe devised
for the territory.
A WONDERFUL cave has been found neal
SawtotnO, Idaho Territory. One chamber
which was explored. is said to contain the
image OF a man made of what had the ap
pearance of silver. At the head was hel.
met of a pecul ar pattern, in which we're three
imitation feathers, made Of gold or copper
From the mouth of the strange image pro
toEierace that erected it had discovered 8
gas-jet, and that there is communications
down through the body TO the solid rock
from which the e IS proceeds perpetuallY
On the walls were hieroglyphies, which Of
course he could not read. In one corner Was
a very large human skeleton, ct least niae
feet high. and by il a stone tomahawk and {