The Penn's Grove record., 1882-02-04
REVIEW OF PRESIDENTS MES
SAGE Cos TITUED.


cotton goods trade of the world"
a dozen lines on these important
factors in the economy of the nation,
Is barely sufficient to edify our people.
Commerce and Industry are the right
and lett hqnds OF a republican form cf
government rather than the Army and
Navy, which are so called. The very
life of the Country are its Industrial
forces, and in our domestic CONNER
cial qualifications, ard our information
al commercial alliances, associations
aAd projections We have the great mo
tors Of our Natioral progression to
consider, and thcIr power and influence
Should he well weighed. This section
"f the message has been slipShodded
over.
SANITARY.
"The international Sanitary Con
ference, for which in 1879 Congress
made provision, assembled in this city
early in January last, and the sessions
were prolonged until March. Although
it reached no specific conclusions affect
ing the future action of participant
powers, the interchange of views proved
to be most valuable. The full proto-
coils of the sessions have been already
presented 10 the senate"
Attention is called by the President
to the operations Of the Board OF
Health established by act of Congress
approved March 3, 1879. Its sphere of
duty WAS enlarged by the act of June
ID, in the same year. The text of the
duties required Of the Board was the
instfstion Of proper measures for pre-
venting the introduction of contagious
diseases from foreign countries into
the United States. The President
cOmmends the object OF the Board and
deems the subject and all matters bear
ing upon our sanitary condition AS
worthy the attention on Congress.
AN EXHAUSTIVE FINANCIAL RESUME.
The report of the Secretary OF the
Treasury is spoken of as a satisfactory
one, speaking well for the healthful
condition of our finances. The ordi.
nary revenues from all sources for the
fiscal year ending June 10, 1881, we're:
From Customs Sl98, 159, SIG. 02; from
internal revenue, Sl35, 264, 3S5. 81; from
Iublic lands, 81, 221 1868. Il; from tax OH
circulation and deposits of hatiopal
banks s., ZIG, rs y; from repayment
of interest 10y Pacific Railway compan-
les, $50, 1888 so; from 81 liking fund for
Pacific Railway companies, 1896, $780,
-; from Customs fees, fines, penalties.
CSC, 81 ,22j,5l4 50; from fees consular.
letters ptlent and lands, s., 244, 9S3. 90;
from the proceeds Of sales of Govern
lnent property, S26, 217 400; from profits
Nn coinage, So, 463, 4S5; from revenues
o,the District OF Columbia, s2,016.199.-
a; from miscellaneous sources, S.
20t, 6S0.23. Total ordinary receipts.
S3,GJ7, So, 921.57.
The ordinary expenditures for the
same period Were: Ciyil expenses.
Sl7 9l.l77.l9; for foreign intercourse,
81 ODE 1884. 81; for the Indians. S6.al1.-
l6l.09; for pensions, $50, $50, 279. 80;
for the military establishment. includ.
ing river and harbor improvements,
aud a~rsentls, so. 466 $50. %: for the
naval establishment, including vessels.
machinery and improvements u. navy
yards, sI5, $50, 637. go; for miscellaneous
expenditures, including public build
lUgS, Clubhouse. ahd collecting the
revenue, s4l ,sJI $50. 50; for exp-nt i
lures on account Of the District OF
Columbia, 3,543, 9l2 Oh; for Interest on
the public debt, So 502, 74l.1S for pr
inlum On bonds psrc,asei, Sio8, l24.-
oIS Total ordinary expenditures. $780,
l2.ss7. SO. leaving d surplus of revenue
oISloo 059 s04. IS, which was appied.
as follows: 10 tie redemption of bonds
Ios the 'iLkias fund, S74.4sl, 80: lrac-
Ii ma curreacy, Sl0y;0Jl ,005; loan Of
February. lsil, 81, 4l3, GEO; l0-4Os OF
~j4, s2,0i5. 80; 5-2es of 1862 SIS. $40;
SOS - les+, s., 400; 5-20s Of 1865.
$500; c9usals OF 1865, sI4S.l 10000, (
consols Of 1867, SJ5, 9l5, 900; conso.s OF
lo6S, S33. D,019. Loan iademuities.
stock, $1,000, 90; old demand, com
pound Interest and other notes. SI.S33.-
90 AMI 10 the Increase Of cash in tie
treasury. Sl4 So, 033.9 %. Total. SloO.-
oh9.4f4 IS. Tie requirements of the
sinking fund Tor the year amounted Ia
S1U,7 $50, o85.02, Which sum includes a
balance Of S+9,Sl7, LIS ~ not provided
for during tile previous fiscal war. The
sum Of S74.43o, 2sI.35 was applied to
this fund, which left a deicii of Sl6.- /
? l5,S75.47. The Increase Of the rrvs-
nues for 1881 over those Of the previous
year was $50, 81, gOl.l0.
II is estimated that the receipts dur.
ing the fiscal year will reach $500, O0o.-
90 and The expenditures $2TO,0 900 600, .
leaving q surplus of $3.50, 000, 001 ap-
p,iclble 70 tie sinking fund aud H.
redemption ~ t lie public dtb. | APP
prove the recommendation OF the Sec
of the Treasury that provision
he made for the early retirement If
certificates, and that the act re-
lairing their issue be repealed. They
yere issaed in pursuance. of the policy
the Government 10 maintain silver
& or near the gold standard, and were
.ecordinsly made receivable for all Gus
ems, taxes ana public dues. About
iAty-six millions Of them are now out
saudi"s. They form an unnecI SAY
20 The pape- chr -ency, a suai-