Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1882-12-15
Secretary Folger's Report.

the navy department, 500, e2o.4ls in interest
and miscellaneous, SS,257. Es2.5l. There was
an increase of SIEGE 5i4.2s, as follows: In the
war department; SSlot0SsSa; for i in az. m
making a net decrease in the expenditures OF
S2,I3l ,44s.0..
year are $4l5.vO0,0lO. and the est mated ex-
penditures $2t5, OO0.000, leaving, after tn de-
mnnds of the sinking fund are met. balance
of receipts over exI end lures of $15,511.0E3I5.
q There hive been redeemed of interest-bear-
ing bonds a total of Sl4l, 5l0s51, and S2su 33',-
$50 of continued 31s per cent bonds nave been
exchanged for 3 per cents. The reduction or
the annual interest charge on these exchanges
is Sl.40l .973.75.
Referring to the standard silver coinage tho
Secretary says:
There had teen coined on No
bember j, lSc2, under the act or
February IS, 1873. of standard sill 49,, 90,
There were in the Treasury at that
oaUe... ,......... ................ o~,Sfo,o'f
And in circulation >. ............. sa5,ss3. 7ss
Der /, 1851, about. .............. 34.OO0.UOo
Increase. $I.ss3, 7ss
The increase in the circulation of standard
silver dollars between November ], 1851, and
November !, 1882, was less than a million and
a halt of dollars. The amount coined during
the aggregate, and furnished yearly, is much
more than the demand.
November ], 1882, there were in the sub Treas
ury at New York about $l3, 100000, and in the
vaults of the Assistant Treasurer at San Fran
cisco nearly SI4,0O0. co. and in the mint at that
place nearly 81, 0,U00, making nearly SILL
100000 in San Francisco. If the coinage Of
sta dard silver dollars is kept up, and the de-
mand for them for circulation is as dormant rs
now 1t will be serious question where the
Treasury Department will find, in public re-
ceptacles, storage-room therefor
The amount of silver certificates outstand-
Move i. ahDnt
and the amount outstanding November L.
1852, about S65.500.0OO. The Treasury holds
during the year ended November ], 1882 The
amount of silver certificates outstanding has
lessened during the same time Judging from
past experience, we need not expect an in
creased demand for silver dollars. The rec
ommendation is renewed for the repeal of the
act requiring the issue of silver certificates,
and for law authorizing measures for their
early retirement from circulation.
The imports of foreign gold and sill
yer coin and bullion during the last ifs
exports Si9,4l7,471. The coinage at the
mints was $li7,SH,54. The coin circu-
lation of the country at the end of the fiscal
There was further increase by coinage and
imports during the first quarter of the present
fiscal year of $ls,3i5.26l, making the grand
total of coin in circulation S7lS, 500.
The number of National Banks organized
during the year is III, which is the greatest
number organized during any year since 1872
<,-OJ
more than at any previous date. They are
located In every State and organized Territory
of the Union. The returns made by them
show that on October of the present year
they had as aggregate capital $4S3, 104,2l3; as
surplus, $l3l,y77,4i0; as individual depos ts
Sl,LSs 49, S2; had made loans in amount
$l2S 2S6, 52f. and held in spec e. $12S57,7tS.
The interest-be ring funded debt of the
United States was on November /, S14lSOSO
go. The total amount Of bonds held by the
National Banks, Stare Banks, and Savings
Banks at the st corresponding date that
could be ascertained was S659, 1855. S26. which
amount is not greatly less than one-half of the
whole Understanding debt.
Similar facts have also been compiled from
the returns made by State banks. savings
Department for the purpose of taxation, show
Ing that the banks and bankers of the country,
exclusive of the National Banks held an aver
age amount of United States bonds during the
six m nths ending May 81, so, as follows:
Savings banks, S242, O2S, 7S2. State banks and
trust compan ,es, $S32ll 430: private bankers,
The revenue from customs for the fiscal
year was ST., 410, 73025, anincr ase of S22 251
O5423 over that of the preceding year; an in
crease in the value OF dut able imports of S73-
eS7, 4S6, and in that of free goods of $S.OS7 46O
There was collected at the port of New York
the sum of $I52;7'a $685. at all other ports,
SoS,'OO, b9S.O3. The sum Of S49.1 S3l2 was col
lecte1 on sugar. meado and molasses: So 2J3,-
Ul6 on wool and its manufactures; S2t, 175, SAT
on iron and steel and manufactures thereof;
SI~> Nd, l5I on manufactures of silk; 81 ,2T, l0}
on those or cotton, and So, III ,4S5 on wines and
spirits; in all, from those articles Sl44 258 5JS
a. From the various objects of taxation under
the internal-revenue laws the receipts for the
fiscal year ended June 81, 1882, were as follows:
FROM spirits. ACKNOWLEDGEMENTS. $69.S ,4O9 IS
from tobacco ................... 1891, 1888 81
FROM Iermented liquors. ......... 1615}9O AZ
From ban rs and bankers ~ 5253458 a
From adhesive stamps (incluiinr
Dam pank Cheeks; = Us so II! frio.
:, medicines. etc.. S1,s1s315 56)... 7,56e.10s 20
from penalties etc. :...-.... 199, $50 o.
From collections not otherwise
provided for. ................... 1850 90
1otHi.- .-.............. $l46523,213 ~
The Secretary discusses at considerable
of revenue. and declares that the remedy for
the evil Is the reduction of taxation, SO that no
more will be taken from the people than is
necessary 10 carry on the functions of Govern
ment: He refers to the enormty of the pen
sion list and the prospect that there will be
further demands upon the Government in that
olrection, ana then recommends that taxes
De continued on spirits, tobacco and fermented
liquors, "a articles of luxury, and all other
bank circulation be retained. With resnect
TO custom duties. he advocates a sub
stantial reduction of the tariff on sugar
AMI molasses, wool and its manu- ractures. iron
and steel and manufactures therefrom manu-
factures OF silk and manufactures of cotton.
In addition he recommends a careful revision
OF the tar1n. with a ew OF placing on the free
list many articles now paying q duty.
The Secretary then gives the statistics of the
iuPDTtS duu oAI OrtS OF mert handle0 and food
products and petroleum. and declares that
the immense production of the cereals gives
prom Sc OF greatly increased expectation dur
ing the current fiscal year.
Inc questions OF commerce and navigation
are then treated, and the statement made that
only 10 per cent. of the imports and exports
or the last fiscal year was carried by Ameri-
can vessels.
The secretary describes the condition OF the
Life-saving Service, the Coast and Gcodetic
Survey, the Marine Hospital Service. the
Steamboat Inspection Service, giving the cost
and efficiency of each. He recounts the
statistics of Immigration, points out GER
tain defects in the law for its regu-
lauon, and asks for the creation OF
proper bureau TO have the matter I'm
its exclusive charge. The operations
OF the National Board of Health are discussed
at some length, and the opinion is given that
the work laid out for the Board Is well done
and the results accomplished are satisfactory
The condition of affairs in Alaska IL treated
at some length. and the recommendation made
that some sort Of civil government be devised
for the territory.
BISHOP O'REILLY, of Springfield, Mass, on
returning from visit to Ireland, says that
there has bet n as much improvement among
tie people In the last four years as during the
previous quarter Of a century. But he thinks
that Ireland relies too much on America.
The people, he explains. "receive so much