Savannah morning news. [volume] (Savannah) 1868-1887, 1882-08-19
WASHINGTON GOSSIP.
THE COMING REVENUE SURPLUS
What VIII be Done With 1.-THE
New Three Per Cents-A Novel Col
lection of Cheeks-The Georgia
Radicals.

WASHINGTON, August 17.-From present indi.
cations, the advocates Of reduction Of taxa
ton will have firm grip given to them by the
ngures or the government receipts from all
sources. The continual and increased piling
up or the Treasury surplus is one OF the best
arguments that can be advanced for the reduc-
uonot taxation 1t is also at the same time
an argument for the Treasury spoliators who
want to get their hands into the Treasury
vaults. But the argument for decreased taxa
ton cannot fail to be predominant. Especially
is this view authorized by the fact that the
chances are that the next House will be Demo-
cratic. Now for the figures, which get from
officers of the Treasury Department. Those
gentlemen say that the receipts of the
government during the present fiscal year
wnlch commenced July 1st last-sre phenome-
nal. Iney are greater than was ever known
Deiore. The receipts the last fiscal wear
amounted to $405. 100000. This year, caIculat-
ing on the basis of the money taken In bv the
government since July S0th. the receipts
far the biggest record that was ever attained
by the government. The surplus which will be
enormous over the necessary expenditures, viii
nave TO be covered into the Treasury, spent on
JOBS or counterbalanced by a reduction of
taxation. The chances are that it will be
counterbalanced by reduction of taxation. !,
ABOUT THE BONDS.
As predicted in this correspondence some
time ago, the application for the transfer of
80 per cent. bonds into 3 per cents have
whole $4O0, 1000 authorized to be transferred,
applications for such transfer have been only
received to the amount OF $500 600 900, and
from the daily receipts now at the der artment
that would seem to be about the limit. The
other 500. .C00,OO0 will have to be redeemed on
the surplus revenues warrant. There can be
no doubt that the surplus revenues will be
adequately equal 10 the occasion. There is
one point of peculiar interest in the transac-
ton under con liberation. There has not been
q single application from England that the
United States continued three and half
per cents. be converted into three per cents.
The English holders want their bonds re-
deemed. as is natural, because they can invest
the money in 316 per cent. Euglish consols. 1t
Is fact, however, worthy of especial comment
that as long as the United States paid the same
rate of interest-31f per cent.-as is paid by
England the United States bond was preferred
as an investment to the English consol.
A COLLECTION OF CHECKS,
Treasurer Gil1llan is accommodating q colIec-
ton of checks which, in their entirety, will be
or great interest. Mr.. Gilfllan is treasurer of
the Garfield Memorial Hospital, and receives
all subscriptions thereto, in sums greater or
less generally less. Mr.. Gilillan is receiving
checks from all over the world. All of the
They are written in the language prevalent at
their place of issuance. and are all certified
by some banking firm. The different forms of
checks and the varied languages in which they
are written form most interesting collection,
They would interest even man who like your
correspondent, never had any occasion to write
a check: The collection may be regarded as
one of the interesting financial realities of the
age There was never before a collection of
this character.
SOME MORE CIVIL SERVICE REFORM
r. d. Locke is, as you know, going to
stump the State of Georgia in his candidacy
Tor congressman at large. This is rather hard
on the State OF Georgia, but like manV other
Ills she may be able to bear it. Locke is the
Marshal, confirmed, of the new district in
Georgia. But he does not intend to pay any
particular attention to his duties In fact, he
does not intend to pay any attention at all to
them during the campaign E, c. Wade. for.
merry Collector of Internal Revenue at Savan-
nah, who is to be Locke's chief deputy, will
take charge of the office and run it without
LockeS supervision until the election in Geor-
gia is over. Locke is going to devote himself
exclusively to making speeches and
manipulating things: In view Of
Georgia's past political record there
is a question as to what the effect of his
speeches and his manipulation will be- At the
same time man might comment on the feet
that there is not much civil service reform
hackneyed and almost meaningless phrase that
II tis--in United States officer turning over his
d4ties tn another Ia order that he may enter
upon po1iklcel catnNai9u urilampareds by the
Obligations which he took upen himself when
he subscribed unto { be Oath 1t olI.ee ana viii
nngly consented e eH1qF ~ e1apanying; :
emotuFAenks.
GEORGIA Mi EldAs Asassaa 4sss - Z
The associasion of 6ilzoa hoIdsus iii the eGIv
4rpm Georgia baFe reorganized Tor active
wp1ks Is they say, duffag the state
canraIBnn AxaetlE what they are
gQln& 70 do, or rather can do
is q mstter Of Infinite conjecture to any one
who wants to conjecture at all about it. But
tne ASSOCIATION makes great show-on paper
among the Republican prints of this citv
The officers as yet elected are as follows: Jas.
3: Deveaux, President; NJ H. NcWhorter.
First Vice Presidens; j. G. Hutchins Second
Wee President; H. II. Swearingen, Recording
Secretary; j. I. Bivins, Corresponding Secre-
tary, and j. II. DeLamotta, Treasurer Ex-
actly what need there is for a Treasurer is
equally as questio' able as what necessity
there is for the association itself. But now
that it is completely reorganized let the Demo-
Gratis Of Georgia beware. Beware
Potomac.