Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1882-12-16
OUR NATIONAL FINANCES.

PORT SUBMITTED 10 CONGRESS.
Expenditures for the Fiscal Year ENDING
June 30 The National 6aHA tsurs-
ton -ConirartioHs in thc Money
Market and Their Cure.
In his report submitted to Cougr ss.
Secretary Folger shows that the total
ordinary expenditures, from all sourc $,
for the fiscal year ending June - was
$257 ,9Sl ,I39. 81, Will the total crliaary
receipts wert $i03. .j2j. .250.2S. leaving .
surplus revenue of $Iij. .5l3. $40. II which.
with the cash balance IN the Tr asury of
$50, 1871 .69LSl, III ,kcs grand total sur-
plus of $l66. 2Sl ,505.j This Was az
Pli d to the redemption Of outstanding
bonds. The expenditures show a de-
crease over tn previous year Of $50. .3i3,-
$3.50. rs follows: I'm the Navy Depart
mant, So .625 10: in interest on tin pub
lie deht. $ll 43l ,53i 80; and in civil and
inisccll moons, -, ,2JI. SD. 81 There was
m incr ast Of 5l7,6l2. .53l2&. as follows: !:
In the War Department, -, I04, 033 G4;
for l"dians, S}.222, ,506.31, and il PEN
sions, Il Isl. .9li.33 -mGking Il nct de-
crease il the expenditures of %2,73l,-
$500.
For the present fiscal year the revenue.
actual and lstimuted, IS rs follows:
Total receipts, actual and esti-
iu@t, Il .....................si il5. .0G1. 600 90
Total oNVcnditmcs, actual and
,s;il.a: :d................ d 2.5.o5a.0 0eo
-
o. S42''oVo.oVo.ao
'''''i! i,', TnnG i,,'' ''''Y 'i'' ''i~ Al ;oa o- a.
Leaving . balanee Of f......... 1851, 4 1919
Tho rc1uction IN the a1,,ual interest
..l.o,.,,ot, xny,,,!,.,.1 bv rooeo, of tla
,.r;T,, fI,rl. i ID 'foilnu.s
=" ..''''a 'V'''ii'" u ii''''''' q oo3 so, "a
a., ~. ,,.i,a,,,,.I ;n,n = r,r
cent. bonds. 1886. .s52. 80
--
To!al. :........ .............. 81, 499, 1860
Dedhc! i"f iitN GtSt Oh per cent: oo, 90
'''''' ''7''''' ----OO
Nctreduction. sc. 499, 524. 90
Ga NOV. there wee in tn. Sub
Treasury Il New York. SI9.UuO. 600 In
STANDARD dollars; at Sal Francisco. SlI.-
600 600. and il the Mint 1T The latter
place, $l4, 900, coo, making nearly Sill
600, 600 III San Francisco alone. The
increase III the circulation of standard
dollars during the past year was less
than Il 800 900 while the coinage WAS
S27. 7.712 .075. In addition to this. on Nov
th.r. " re on hand in the Sub-Treasury
.s26. Ssl. 3:}7. 90 Of fractional silver coin
or , f0l tnas of silver coin stored in the
pl;llic vaults. The Secretary puts the
matter t..rscly but stronulv In these
words.
dollars l.; kept mn and tbr dcmaud fnr
them for circulation is rs dormant rs
now. it Will be serious question where
the Treasury u, partmcnt viii find. in
public recep,aclcs. storage room there
for
Mr.. Folger suggests the repeal of the
Act requiring the Issue Of silver c,rtiii
Gates. uld for law authorizing their re-
tirement from circulation. The total
cojnagc during the year amounted TO
qiI1Sii. .59l. the coiuage of gold being
: ,"uo,ooo H-oi' ''i'''i '''Uiii9 any pre-
0''' :,
=" S:.'cIlssli'S me I'tionai ptlh @ q'ies-
'ii. 'li'Sl SHOWS 'ii,'V ,'I
~ VI CIn'e'' 'o''''-S ',o'i''S heiu ~ 'ii1nl'
~ "h,cn arc P'y'pie "V 'hc pleasure
u 'iie HoSeL''nie,''' MAKE up more 'li'tll
oae-n'li u tiie "h"ie amount ou,Sl''lla- 7
i' @ 81 'li7 ms ei:''7 "t poi'i'' aiin Il 'iit ma i'-
t'oi''i ~ = p''ll - iali'iI ~ ~ ! nnI
u I'''o i'e 'ii''' - - my i'il
- a. p 'oii''s VIZ =" p'Iu "''lli6 'ile
ieHS N, tiIioe years.
- :"' = q 4liesSe' 'li'' tiie t'iih
tii|''iIi4oi may nc 50 I'ISely retired ;lS
~ !" lio'.'Ie 'ii1 '''siiie'S community M.
-, :" 'i..,
"n''i'io't - ~ ''ie l.,'c :, ISL ~ nc
IL ~ VI 'ne o''iie-i' mn .i Aet '''iu1 "a
~ ''e'''''' - i.i.''i'ti''s VI 'lle "."
T.. a,''' ~ . rli us ''l,i 'iia' ''.e
M. oI ciuPoW.iS" ", u ~ ~
s''A'', - !" o'sr' u eiic''io'ioi, !ic m 400
,'ui''.: u 'hc iI.slilv, VI Noi''liipn .i ne
Pt1C,!01 ~ i''':''"i ',;'lNS on 'iiJ VN!r,
csl'!lie''l'i cIl' IS reieffeo 70, aii(, " liHlt
= = aiNeu Iii"' "i'leS3 !ile S'iI = chcGh,d ,l,
'ne l'''iiS ana peii"i'ies oi the III" Will De
*'i'0t'eu'
Il ferln8 tn The sudden ron'raetlons Ia
the money market. the , icret.ry says :
We haT1 h.li.vcd that the laws oi
the Sat against prlmogSmiurr. tin
entail OF estates aud tha accumulation oi
p ersoaal property, stood IN The WY oi
h2aplnS up w.alth III sln&IA handS. and
gathering III single hands the powr over
others that great wealth gives. But So
il Is, that to-day there are men 50 rich
that 10y conspirlng together they can at
le.t, ~ Ia