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

Evidences OF Great ProsDcrify-Eiie
NasiouSi Hanks and the Dangers 10
Resale froE,l a Contraction OF CircI;.
1aiiom-shc Pro1ze.,, OF Freeing t;se
Treasury Oh sS,uscd ssscts-ySse Ecm-i-
biiity OF Reducing Taxaiioa-DiafTsc
OF Columbia Finances. &c.
The annual report OF the Secretary OF the
Treasury 'Oa the state of the Finance Ter the
year ISS2 which accompanied the rTcs,d mt 5
message t. Congress today, IS a &c. unent cover
Ing 40 PRINT d pages /: opens w.td 4 tabular
statement OF reyenGes AMI expenditures, showing
that The total Cr,ina-y re,ep. lcr ne fiscal year,
fro.n SIl sources, i2cluIny - 70 1851 from tie
District O; Columbia " r -, IS % z. ana t1e
totll ordinary Cs2eaii;urss :Or tie :'ne peF'oI,
tncIui:a- 50 E,l.54IS, 81 ,ccou1: ~ INC
l|yi1:s o ,,r I'm C' ,v .nne 81 s5Fl9i,
wBic:l, with ;2c.737.CgIsi drawn non tIe c2ai
bal nee in the treasury, WAS Applied 20 th" r.
denptiOa o. bon s. c1lsoi5 iiad gov. liiieit notes
THE SHINING FU:D.
. The requirements CT the sinking fuAi 20: the
past fiscal year, including q balance o. s15.3GJ,-
S7347 from tde preceding ye,r, have been fully
met It + cstinatei tpat - rcl.rarlo ut fer tie
present lisa! j. - will &c si1 - 1JG - o. which
there has been a3,.i 20 during tae Mt ICur
months OF the year, III 81 n OF .; 1880.
Referring 10 the confusion IA some minis OF the
sums pail 10 rnec. the Lawful! eds Of the sinking
fund, anil those paid for the reduction of
public debt by direct payment and redeiap
ton thereof, tue Secretary re.erS to une
Statement by Sfc:ctIry ,inrrlil in 1876. t'iat
though the sln,.iG-s iun1 had rot flied
amount contemplated by the act OF Congress
which provided iOr IL, and the letter Oh the law
hal not been observed, yet tn x, by other modes.
the publ G'h; Eaf teen reduced by mere than
the sum which thr sinking fund Get contemplated.
anu 80 the sI'r;t AM intent OF the Law had been
met AMI the fash Of the government with its cred
N0rs kept And 50, after bis time, trough the
sinking fUnd MS been a creditor. the puzzle IT
has been decreased by more IN strict adm
renee 10 thc sinking iuni act would have bTou-it
about. Mr.. < Crrtary sherman rcpor. ID in 1871
deficCucE IL the sinking fUnti, cGt re.ly. i0i OF
public debt near two hundred and tweni yoae EIii-
lions more than the sinH, iuni act, literally car
Tied out, wGUii Haye f ct.
The net 1ncrcaSa in receipts from all sources
over the pre- iO,i5 fiscal yeas was 81 - @if,1.
and ti, net decrease in eXpen itUreS -, ,iSt2.
ESTIMATES FOR TIE PRESENT AID NEXT FISCAL
For the present fiscal year the total receipts ac
tual and estimated are si1JG90, 600, ana total eI
penditures, actual and estimated, $50 go &c.,
timatej amount due the sinking fur 81 f@2 955
leaving a Balance OF $685., G+l,5.
The revenues OF the fiscal year en- ling JUaa 30
1884, estimated upon the bass OF existing laws,
will be SIS cJ0,ae0. The estimates OF expenditures
for the peri0l I, received froa the several
ecutivc departments are as follows: Legislative.
g "740i93J; executive, SIS oS,@9j13; Judicial,
sHS,3tG; tCr,iSn intercourse, 81, ,e5 military
establishment, -. G0 1881: naval tStI Iii SUaeat,
81, iS1,O.S-5; In i.an Affairs. $6,1.5 dbl pen
sionS, sl0,5aJ,0D: p11llo wJfs.S $ii36i ,1lJGa ;.
mise ianeCUS. 81 .>J GU;s1I; District of CJ.:.u!a
$500 80 o.; ornament %n"I,l appropriations,
Sill C1Sc2s 2i; total cSj:cl tel expenditures a.
GLIDING sinking funt. 28),1G2 p o., esti
mated surplus o. i1i,I.2 81 g.
TIE BONDED DEGT.
OF the SJs} $50 $50 OF the int .resj-5earing debt
at the date o. the list rspO.t - Congress Hcre
have been redeemed dutay tie year en- ling o to-
Der 81, 1882. bombs amounting to Slu,5i9 $50 The
report gives account of the operations o; the
department under the act approved July II, 1882,
In issuing per cent registered tOlds Ia exchange
for 81 per cent bonds
From the beginning OF the exchanges until the
suspension 81 per cent continued bonds, amount
ing TO sJ 80 SO were recayei for eXcn ,nga into
8per cent bGaG.<, and per cent bonds Were duly
The intcTI s. on the urr1HtleraG bonds was adj
justed 10 August 1, 1892, AID the per cent bonds
issued in eNcinse therefor earl Il Interest from
that date.
The exchanges were resumed November 1, since
which time there have been received sci 024 20 IN
81 per cent continued bonds, for which like
amount OF three p2T cent bonds have been Issued;
making a total issue to December /, 1882, OF
e2S0, 53i, $50
The reduction 10 the annual inter- st charge by
reason OF these exchanges is 81, 49I. 9.3 75.
The department kEov-5 no reason Why it should
not continue 10 afford every facility FOR these eX-
changeS SO long as 81 per cent bonds Remain
Outstanding ana u1Called.
The net rAtuetioa in the interest charge to No
vemDer l. 1859, due to calls, the redemption opera
lions, exchanges, &c. Is IS 1873 SCI
SILVER AND SILVER CERTIFICATES
The Increase In the circulation or standard sill
Yer dollars between November /, 1881, and Novem-
Der i, 1882 was less than million and hall OF
dollars The amount coined daring the same time
was &. ,''2.0'5 The supply in the aggregate, and
furnished yearly, is much more than the de-
mand.
There were on hand in the sub-treaSury on No
vefnber /, 1852. SIS 90 OF fractional silver
coin In all. there were 2,4o0 tons of silver coin
stored in the public vaults. II the coinage of
STANDARD silver doll is is kept up. and the demand
Tor them for circulation is as dormant as now, Ii
will be q serious question where the Treasury de-
room therefor.
The amount of silver certificates outstanding
November /, 1881. was about sos co., COO. and the
amount outstanding November /, 1882, about
&65, 5OO,OOO
InasInuch as By recent legislation the Secretary
Is required 10 issue gold certificates il is to be
looAet ioT that tine place or the silver certificates
VIII DC 10 great extent supplied BY god certifi-
Gates, as the latter are furnished In convenient
denominations; and It is Just TO suppose that
certificate payable in a coin worth but 50 per cent
OF its nominal value VIII be displaced by one
TCrth fully Its nominal value.
Is the Idea vain, the Secretary asks, that the
cont nuei coinage of silver dollars Is not now re-
Qurrd Tor circulation OF them, or rs basis for the
issue OF such certificates, and that the policy OF
the government so far as IL was mt TO increase
the price Of silver. has not been successful?
The recommendation IS renewed for the repeal
OF the act requiring the issue OF silver certificates
and for law authorizing measures Tor their early
retirement from c.Tcu alton.
The international monetary conference met In
April last, ON the day TO which 1t had adjourned
and a1j JUrne! again sane die. IL Is not Un,lcr-
stood that Il effected any important practical re-
suit
Under the act OF the last session of Congress
goli certificates have been issued to November
9th, lSss, anounin, to s31 ,a90OC0 and there are
goli certificates ah9un!ln. 10 S13s, 80, go ready
for ISSUE
date OF Tie last report refunding cert cates
issued under The act OF February 2ifh 1872 re-
malned Outstanding 10 the amount OF s5ss ESQ
Thcre nave CeTl presented dtrinI the year for
conversion into Iodr per cent bonds. certificates
amounting 10 $1,000. leaving Still unconyerted
S4237s0
Up to November lSt. 1882 IS, 800 In four Der cent:
bontS have bsen Issued Ia this MANNER making an
Increase to that extent or the amount OF such
bOoa outstanding, but not increasing tie total
detL
GOLD AND SILVER COINAGE.
The total gold and silver ports during the rs
cal year amounted 20 $40 il7,419 and total imports
81, i7sS9o There were deposited at tire minis and
assay Offices sec, 653 o. gold, which 81 O0o
600 less than the preceding year, bectuse OF the
decrease in the Imports The coinage at the
minis during the fiscal year in gold, standard sill
Yer dollars, fractional silver coins and minor coins,
amounted 10 s1l7,s1,59i.
The coinage o. gold was nearly s1l 900 900 more
Hl.lY hat of