Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1882-12-08

~VN<sIpIUDt 4IuIU ICI-
stol Columbia 81, as, l76. Al I;
: 49,. ssecs.afeous sources, ~, ,3Sl, ,45i, ,43 !;
total Ordinary receipts. f403 525 25 30
1hc ordinary expenditures for the same
period were, for ciyil expenses, SIS 3sd AZ;
ior foreign Intercourse, sl.ss7, ,5s3 9; for In
ulzns, ", sb, sE.4j; forpensions, s6l, ,345, i93 =
W; Tor the military establishment, inc uding
river and hal Dor Improvements and arsenal
&lS,51u, ,l94 ~; for naval establishment, in
eluding vessels machinery aud imp ovements
at navy yards $l5,0Ss,u45 25; for misccla
neous expenditures, including public build
ings, light house and collect ng the revenue,
w, ,Sy, ,2T.Jv; Tor expenditures on account oi
the District OF Columbia. Sj,33J, 54ao1; lor
intel est on the pubic debt, SsI 0s7, ,3o6.7 10.
Total ordinary expenditure, S251 9s4, ,439.57,
thus leaving surplus revenue Of S2i5,l13,s15.
20; which, with amount drawn from the cash
balance IN the treasury OF SsJ, 735, $40 s4, max
ing fl68, ,2s1,5 5.55.
The 70 clgp commerce OF the United staies
during the last fiscal year, including imports
and exports OF me chandise AMI specie was as
follows: Ex oris OF merchandise, <75 .542,272;
specie, ~, ,4i7,4s9; total. ss99,s5l.736 I'm
ports OF merchandise, S124.69.55f; specie
~, az. $50; total, 500, Ill ,yji. Ex-
cess of exports over imports Of merchandise
Us s036o3 This excess is less than it has
been before any OF the previous six years.
During the year there have been organized
III national banks, and OF these institutions
there arc now In operation 2.969. larger
number than ever before. The value Of their
notes in actiye circulation on July l, lss2, was
e324, ,656, AS.
COINAGE OF SILVER.
In respect to the coinage o. silver dollars
and the retirement oi silver certificates have
ecen nothing to alter. but much to confirm the
sentiments to which gave expression TO las,
year. A comparison ietwecn the Iespe tive
amounts OF silver dollar circulation in No
yerlbeu 1852 and November 1852. shows an
ip- ease OF 81 $4,000 but during the interval.
there had been in the whole number coined.
an increase Of S25.0D0.tU0. Ol the s12S0Vo-.
O0p thus far mnied, little more than S35.UO0.-
90 are In circulation. The mass OF &C umu-
lated coin has grown so great that the vault
room at present avaiab'c for storage h
scarcely sufficient to contain Il. II Is not az
parent why II Is desirable 10 continue this
coinage. now so enormously in excess OF the
public demand as 10 the silver cert lfcsfes
In adddit on 90 the grounds which seemed last
toned the effect rhis b IL kels to ensue from
the supply OF gold certificates, for the
issuance Of which Congress recently made
provisions, which are now in active eircula-
ton
You cannot fan 10 note with interest the
1lscussion BY the Secretary a. to the necessity
Of provIding BY legislation some mode of Tree
ing the treasury Of an excess Of assets.
In the event that Congress fails to reach
an early Agreement for the REDUCTION Of taxa
lIO1- uc4ft ~ aPplufc tue cccret1rl recon-
nendafion Of immediate and extensive reduc-
lions IN the annual revenues Of the Govern
ment-
nELrEF PnoN UNNECESSARY TAXATION.
Il win be remembered urged upon the at
tenfton Of congress at its last session the i'm
pDftance Of rel ewing the Industry and enter |
rs1se q Tie county from tie pressure from
unDecesseSy taxatton- II is one Of the tritesf |
uaH1uno Of political ECONOMY that al taxes are /
burosn.oue howeyer wisely and prudently |
a6oux our pcou1e Wfde differences o. eenti-
Uouf = 70 fhe beot methods OF raising the M
foua1 rerenuos, 81 iudccd ss to The rrinci- /
- upoa v16cA taxation should Be based,
thU - bssn 2 suosssntIsl secord
fof 4 u1se "a eoonouIcsl sdministrsfion Of |
- 0Oves.nent Of lAte the public revenues /
k1Ve fnr excccded that limit, and unless /
49, b. oupropria1e 1eKis1ation such excess 1
m cm<nuf % mcunee fFum year 10 year |
Hor - 1seal year ending June % 1851, the |
surplus reve1ue amounted 70 elmWo,W
Ef y 1ss:l ys.F ssd,5< s3x s1ns cn ~ % l,ss, The
~ q ~ Secretary shoxs what disposition /
- bcen usde Of the noDeys- They have not 1
IN nngw<ru1 the rcQuirrmenfe Of the sinking
611d- but have afforded . large balance ap-
rIcnk1e % Other reductions Of the public /
- gneu TIE expression Of my con
SIc11so, - s1cA . npid extinz uishneut Of
1S1rs : csnee for ooneutulation- Il Is
4 conse rsfhcr for serious epprtHen II II
xo~fi1ue Il must Be speedily followed BY one
n - ev1 results 20 clearly ecf forth in the
r~rrrf a fhe Secretary: either the kuTTf1s
- II fd]c IN the treasury or the Govern
Sc1f w11 Be forced TO buy af market rates its
80 not then redcensble, and which, under