Evening star. [volume] (Washington, D.C.) 1854-1972, 1882-12-04


81 the nearest corresponding date that could be
ascertaInod was ss59 aS3 $40, which amount is not
greatly less than one-half of the whole interest
bearing Gebt.
Under thu head of customs, after treating OF the
revenues from that source, the report again pre-
s2nts TO Co1yrcs the impC-ta nee or q new tribunal
lOr the tr:al o. custom cases, AID approves the
nii! no" re1;!iiis, wren gives Jurisdiction over
THEM to the Court OF Gains as providing method
economical ald speedy.
Tae recommendation OF last year is repeated,
that tie S'sretIry &c authorized to rcier to the
Court Of Cl'ials, IL his ciscretion any disputed
claims inst the go7erlrnen Involving I'm bort
qua~j lions OF i4w or fact.
IL IS also recommended that there be authorized
The appointments OF three additional general
appraisers.
REDUCTION CT TAXATION.
E.'."fT:nS 70 the unused assets in the Treasury
and N surplus o; receipts over expenditures the
report say that from the Inequality between daily
lTee fttc.9-5 ana comparatively small daily
disbursements there comes an evil effect upon tie
business az the country. Occasionally the large
ci5Ju:4en nt5 OF the government II? We created q
piSt"aT2 OF money; Iao.e frequently its large and
cont hucd VIII .rawdls OF money have caused such
Scarcity o! fioaJiny capital as to check the proper
movement os ie-it!mlte business. 1t is not only
tGat the amount in the Treasury Is so much kept
from the Us OF community; the fact becomes an
incentive dG- an aid fo- men who for their own
chds cOiSp r 10 ke3r from that use oticr large
si::,lS VI Hty" believed th1t the laws OF the
Ss.ti"7 agat'tst primOgeniture. the entail OF es-
ta'''S, an the accumulation OF personal property
STOOL iii the WAY OF Eeaping UP wealth in single
HAMS. and gathering In single hands the rover
over others 1t great wealth gives But so IL is,
int to-ay there are men 50 rich that by conspir-
Ing tocetncs, they can at viii put and hold hand
or hctr ai Il1Ch money as government can lay
hand TO, save by the use o: its credit.
1.t"rc Il, The report says, no advisable and law
ful node OF dsbrsing IN existing excess of assets
bu that OF the payment OF the pubic debt, and
II" Secret ny dos not perceive how Secretary
I'm 70 fhn
lily:nr the government: debt at ruling premiums
We: th"re IS no requirement OF law to be an
IN ss0Vrn.uens to be met; unless there is great
''.il"r<@ay, AMI general financial disaster is
rtaien"d. which only extreme measures of
gov '::ln"ntIl Interference turn aside. He re-
comm Il - 70 the consideration or Congress the
G'2ir',iy 0t empowering The department to buy
lon; n,ad' at Ei5h premium. The secre-
o: ir3cln.- the Treasury OF an excess of
a5scts. ut may be we'll" ha saws.
ito civ the department the power to make lars n
DC. ., Its in tue pubic deE0sstaries. 1 conceive
thrt the receipts from customs, now to great ex-
L, pledged Gy law to the payment OF the bonded
crr:io-, ShGi:il be held in the Treasury; for in
81: cr COURSE there dis ldv snLageS that might
come 10 both government ani people, and which
you'd, ii they came, outweigh al advantages 10
ct +. IL l. safe 10 say that tie country Is never
- U"a Of continued course OF prosperity as that
ia at forecast Will not take heed 0; possible
fiial al disturbance and disaster. Ii such should
cIii IN s'lcl magnitude as that the national
Il iiis :l"p0s: taTieS.Souid be involved In common
VII! all, II would be OF the greatest good that the
government had in its own hands the means to
Ileei the daily calls upon it,
T., radical cure for the evil, the report says is
In the reduction or taxation so that more will
re taken from the people than enough to carry On
u" government with economy; to meet all It's OBJ
lgttaIS that must BE- met from year to year; to
pay oii With reasonable CELEBRITY the part OF the
u Ut ",:, 1t may pay 1t pleasure and to provide
'hroG n ne sinking iun1 iCr tie ptyHtnt Of that
w;;lci VIII become payable by ana by.
In eiiS connection. the report SAYS, should be
n
sioE5, as likely to affect in some degree the in
crease o. surplus
continues To exist that the whole public debt
couli be paid from surplus early in the fiscal
year ending Jane 30, 1894, the report says:
1t has rot otten occurred IN public financial his
tory titt embarrassment has arisen through
SG.)cr J,in;!ince OF revenues. The condition OF
the COUNT in that respect while 1t illustrates its
almost bDun LESS Resources, and establishes its
credit h"FoEi a question. presents difficulties OF
grave c:!ar icter.
surriu5, which must occur unless immediate
measures enacted for !, reduction OF the rev.
ennS, i not 10 be plactdly contemplated, and the
qus-ton con:ronts Us in what manner may it best
b. prevented?
REDUCTION OF TARIFF.
The report recommends the retention OF a tax
OF spirits, tobacco AMI fernented liquors. ana,
discussing the question OF tariff, recommends a
substantial reduction upon sugar and mOiaSSeS,
wool AM III tnufactures from it, iron and steel and
silk ana manufactures OF cotton. 1t is believed
that the tine has arrived when reduction of
duties on nearly ali the articles our tariff is
demanded and is feasible
In addition TO this, a careful revision OF the
tariff shou!i be made with a view to placing upon
the free list many art c.eS now paying a duty.
/; VIII probably be fol;n that In general the re-
ductiOG can chiefly be made On the raw material
orcodrser manufactures, Father than those upon
which q greater AMOUNT of labor has been be-
slowed the duties on manufactures Of silk, It is
believed, may be reduced without Injustice to
manufacturers in this country.
The cotton tariff is fOuni to be complex and it Is
no doubt true that In most OF the cOarser classes
OF cotton fabrics our manufactures can compete
with the world without protection. Wines and
spirits, which afford the largest amount OF duty
next 10 the five classes enumerated being articles
Oh luxury. may well bear any rate OF duty deemed
necessary for the revenue. Without going furtner
into details, the Secretary earnestly recommends
a Careful revision or che tariff, with view to sub
Stanfial reductions.
The accomplishment OF this is recommended to
the present Congress, which has been fully aware
OF the approaching financial situation as it Is
presented, and has fully discussed the subject In
some OF its behring's
After giving statistics OF commerce and navtga-
ton, and abstracts OF the renOrtS of the revenue
marine and life-Savng service, the lighthouse
establishment. coast ana g1Odet,c survey, the ma
rine hospital service steamboat inspection service
and ether establishments under the Treasury, the
report gives the following figures regarding the
finances OF
THE DISTRICT OF COLUMBIA.
The net expenditures on account OF the District
of Coiuabia for the fiscal year 1882 were 81 $50 542S7
The revenues deposited in the Treasury for the
same period were 81, 7I5.17641
Since December 1, 1881, the bonded Indebtedness
was reduced by operation OF the sinking fund
SoO,3J0. and the annual interest charge upon the
District debt was reduced S13.795.05. Since the
Office OF the commissioners OF the sinking fund OF
the District OF Columbia was abolished and their
duileS and powers were transferred to the Treas
urer or the United States Ivy the act OF Congress:
o. June H. 1873, the FUNDED debt has been reduced
In the principal sum S1,1S3 go, and the annua
interest charge thereon has been reduced 500 O.
REPORT OF THE SECRETARY OF
THE NAVY.
Poor Vessels and Poor Guns-DccIins