Butler citizen. [volume] (Butler, Pa.) 1877-1922, 1882-12-13
THE EPRESIDENT'S MESSAGE.

President Arthur's second annual
message to Congress is both long aud
terse. Want of space prevents US from
giving the whole of it, but the following
portions most interest our people here.
After stating our condition with for
eign powers, and that we continue in
friendly relations with all foreign Gov
ernments, be gives the following ac-
count of the revenues of the Govern
ment for the past year, and discusses
the tariff and internal revenue questions
as follows:
THE CoUNTRY's REVENUES.
A full and interesting exhibit of the
operations of the Treasury Department
is afforded by the report of the Secre-
tary.
It appears that the ordinary reve-
nues from all sources for the fiscal year
ending June 80, 1892, were as follows ::
From customs, 1926, ,410, 730. %; from
internal revenue, 81 i6, ,49T ,593. 40; from
sales of public lands, $4,953, l4O.37;
from tax on circulation and deposits OF
National banks, $3,95G,79445; from
repayment of interest by Pacific Rail-
way Companies, $Si0,55f 27; from
sinking fund for Pacific Railroad
Companies, 1896, 27l.42; from customs,
fees. fines, penalties, &c, Sl,3i3,oiS !;
from fees, consular letters, patents and
lands, 50, ,63s, $50 81; from proceeds OF
sales of Government, property, $3l4,-
95O.S5; from profits on coinage, bullion
deposits and assays, S4,ll6,693 3;
from Indian trust funds, S., ,705, ,243.22
from deposits by individuals for survey
ing public lands, s2,O52, ,306.36; from ;
revenues of the District of Columbia,
$I7l5.I76.4l; from miscellaneous
sources, So, 1888. 445 43. Total ordinary
receipts, $4O3, ,525 ,250 %.
The ordinary expenditures for the
same period were: For civil expenses,
$l8,O42,3S AZ; for foreign intercourse,
Sl.3O7. 5s3.I9; for Indians, S9,736, 757.
40; for pensions, $6l ,345, 1884, 50; for the
military establishment, including river
and harbor improvements and arsenals,
$43.57O,494.19; for the naval establish
ment, including machinery and inn
provements at the Navy yards, sl5.-
032,046.26; for miscellaneous expendl-
lures, including public buildings, light
houses and collecting the revenue, s34,-
539,237.5O; for expenditures on account
of the District of Columbia, So, $3.50,
543.S7; for interest on the public debt,
$7I,O77, ,20676; total ordinary expen-
diture, 1851, ,9S1, 439 81, leaving sur
plus revenue of $l45, ,543, 80 II; which,
with an amount drawn f.om the cash
balance in the Treasury of $50, 737, ,694.-
"a, making $l66. 2sl, sos 55, was ap-
piled to the redemption of bonds for the
Sinking Fund; S60,079, $50 of fraction
al currency for the Sinking Fund $751;
7O5,553 of the loan of July and August,
1861; $62,572,O50 Of the loan of March,
1863; $3,472, 900 of the funds loan OF
1881; $37,l94, ,45O of the loan of 1858;
$1,000 of the loan of February, 1861;
$3O3, 900 of FIVE twenties of 1862;
$2,l00 of five twenties of 1864; STA 200
of FIVE twenties of 1865, $500 of ten
forties of 1864, S254,550; of consols OF
1865, $86, ,450; of consols of 1867,
$4O8, $50 of consols of 1868, $l41 400;
of Oregon war debt, $675, ,250 90; Of
old demand compound interest and
other notes, $1s, $50. Total, sl62. 281,
505.55.
IMPORTS AND EXPORTS.
The foreign commerce of the United
States during the last fiscal year, in
eluding imports and exports of mer-
chandise and specie, was as follows
Exports, merchandise. s75O,542. 257
specie, $49,4I7,479. Total, S799,959
1856. Imports, merchandise, $724 639,
574; specie, $42,472, $50. Total, 1851,
11I,964. Excess OF exports over Inn
ports of merchandise, S25, ,902, ,683
This excess is less than it has been be
fore for any Of the previous six year;
as appears by the following table. Fol-
the year ending June 80, the excess o.
exports of merchandise was; 1876
$796, ,435, ,sl2; 1877, $l51, ,152 ,094; 1873
$257,Sl4,234; 1879, $264,66l, ,666
1880, 1857 $50, ,9l2; 1881, S259,712,
7Is; 1882, $25, ,902,683.
SILVER COINAGE.
In respect to the coinage of silver
dollars and the retirement of silver
certificates, l have seen nothing to alter
but much to confirm the sentiments tc
which 1 gave expression last year. A
comparison between the respective
amounts of silver dollars in circulation
on November l, 1881, and on Novem
ber l, 1882, shows slight increase o.
million and half of dollars, but dur
ing the interval there had been in the
whole number coined an increase O.
twenty-six millions of the one hundred
and twenty-eight millions thus fal
minted. Little more. than tbirty-fvt
millions are in circulation. The mass
of accumulated coin has grown so grea
that the vault room at present availa.
BILE for storage is scarcely sufficient tc
contain it. 1t is not apparent why i
is desirable to continue this coinage
now 80 enormously in excess of tht
public demand AS to the silver GER
tifcates, in addition to the ground!
which seemed last year to justify theil
retirement may be mentioned the effec
which is likely to ensue from the supply
of gold certificates for whose issuance
Congress recently made provision an(
which are now in active circulation.
REDUCING GOVERNMENT REVENUES.
You cannot fail TO note with. interes
the discussion by the Secretary as tt
the necessity of providing by legisla
ton some mode of freeing the
Treasury of excess of assets. In tb,
event that Congress fails to reach al
early agreement for the reduction o
taxation, heartily approve the Sec
retary's Recommendation of immediate
and extensive reductions in the annua