New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-05
Tile TRF1SUKY REPORE.


by the Treasury report has heen anticipated, The
document is one of much interest because OF 'ile
subjects discussed The detailed statement oil
revenue and expenditure for the last fiscal year.
however, shows receipts from customs
S22O,41O, 73O 25; from internal revenue
S146.497. 595 45; from tax on banks
Sc. 956. 79445; from sales OF lands
S1.753,I4O 81; and frnm minor items
800, 9O6.9So &c. making the total $4O3,-
525.25O %. The large amount received
from sales of public lands deserves AZ
attention because it is a considerable source oil
revenue which if tie tide of immigration and
settlement should at any time abate, might be
crently reduced. That the receipts from
internal taxes will be reduced, in antclpa-
t;on of somo change, whether any change be
made or not is highly probable. Nor is 1t PROC
able that the unprecedented imports ana
receipts from customs last year viii he mann
,oined. The expenditures have been much
more fully and clearly stated hitherto than they
are in the official Classification, hut it is II IN
tprest to know that SCI. $40, 1913 % WIS pald
for pensions, $43,J70,4 04 10 for military es-
Establishments, including nvtr and barbor I'M
nroyrmrnts. and $34, 539,237 30 for " mlscelia-
ueous expenditures, including public buildings
liohtb0uses and collecting the revenue" These
items were swollen for the year 1882, and have
been swollen by appropriations Tor The cur
rent wear, by outrageous frauds Which 1t ~ Il
duty of Congress 10 cut of; they cover more Ihan
half of the entire expense OF the OOVernment
For interest, ST.. on, 206 70 was paid, and
the total expenditures were S257,9Sl ,439 81
leaving Sl45, 543,S10 II applicable to the
payment of delt.
The Secretary Of the Treasury will not be
susuccred of knowing moe about the banks or
the colnagc than Controller Knox or Supcrin-
tendent Bnrcharfl. But his discussion OF modes
of disposing of Tho surplus revenue requires
ATTENTION rs il is tic hHsis of important recon-
mendations in the Pre- sdenl's Message. The
Treasury takes in too much money. Ii has too
great power, aud its surplus is great tempta-
ton to reckless or rascaly persons, If any OF
that sort ever get seats III Congress. IL Seems
to the Secretary and to the President that an i'm
mediate and large reduction III the veal ~ rev
enue is imdispt usahle. Fur reasons already
mentioned, the Secretary can hardly be correct
in anticipating that the surplus will continue
to increase from year TO year; sinking revenues
and swelling expenditures will cut 1t down.
But there will nevertheless be much larger
revenue than ought now to be taken from the
carniugs Of the people. Uuless Congress wastes
the money the Government will soon be- forced
to buy bonds at high rates or To lock mp money
TO the ruin of trade and industry. Hence the
earnest Recommendation which the President
adopts that the revenue SHOULD be cut down at
once, both from tariff and from internal taxes.
The declared policy of the Administration i
clearly not 10 take Of internal revenue only, lcav
ing the tariff untouched VITA all It's faults, and on
this point the recommendations Of the Secretary
ought To have the careful attention of Congress.
1t is not to the advantage of administrative
officers or of the public that the annual reports
should come in such a mass that little public
thought can be given to any of them. Many items
in the report OF Secretary Folger will deserve
mention at another time. but its principal
recommendations ought to be accepted by Con
gress, as the outlines of ajudcious financial
policy. Half the internal taxes more or IS,
should be repealed; the tariff should be reduced
and revised provision should be maize for the
expansion of tho banking system, and the
coin ,ge OF silver dollars should be suspended
until tile stock now on hand las been brought
into use.