The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1882-12-14
THE TREASURY.
Annuii Report Of Secretary F0igsr ON the
National Finances.

Annual Report Of Secretary FOigor ON the
National Finances.
TIE report Il the Secre. ary ofsthe Treasury is
leagthy d .cumen.-nearly II not quite, twice
the bulk Of President Arthnr's message-and
fairly bristles with tabular showings q the na-
tiona' finances We present below. In \
summa' iacd form, the main points Of
general interest contained In this, the most Inn
purtan. of al the departmental reports Fer the
fiscal year ending June 30 1852, the revenue OF
the Government exceeded the total or inary ex-
penses siils4s,sl0 which, together with &an. 49,.
6a drawn from the ash balance IN the treasury,
was applied 10 I Z reduction VI the national
,'eb'. White the net increase OF the revenue
from I'll sources was 81. 1ia.a5a by the natural
growth AMI thrift Of The country. AMI not by in
crease II tax leyies. the exrcaditnres of
the Government decreased $..73l4ss Tho
deere Sc in the interest on the public
deb: about balanced the increase In pensions
1t IL estimated that IL the taxes should remain
amount to about s7s,on.Ma. The coinage Of
silvr dollars under the present act mp t. Nov. L,
1882. had amounted to siasa2a,ssa There
were on the first & last month afO
Sanlts. The Secretary thinks there should
he hat In the coinage, that the department
should lie authorized 10 cein only 80 muca az
will he necessary TO supply the demand The
gold certificates are passed over with . simple
statement o. the amount ready for issue tSiaS.-
.2o,,ua and the amount actually ISSUE up to
stric i,e OF sew York policy Is entered into.
| The total export Of coin ami bullion for the
year sia.il7.i1a; the total import, 81.
4.a aao The coinage Of gold amounted
to ssa.4,stl7, about sii oaooaa in excess Of any
previous year The mints did . large stoke Of
business in minor coins. Of which there We're no
less than s6s,a 1a5 pieces struck. worth Ssa4 's
IS Over sa.auaona of these pieces We're pennies,
/ the rest for the most part, scent nickels the
i demand for which was very large. The total
stock Of United States coin and bullion available
a al
silver amounted Oct. l. to STD SAIL
i The Secretary recommends the repeal Of the
special taxes on national banks. which, he saws,
derives little or no profit on their circulation
/ He says tina. nearly one-h7lf OF the interest.
hearing funded debt Of the United States 81 400.
eao,oaat is held by the hanks. national, state and
dunn OF exchange. II follows. he claims tha,
the debt could not be reduced more than tina,
amount without cn,ianIcring the stabil.
i,s Of our our banking sys,sn. ,s,s.,,a, b; @
checks by netionai hanks Is rnimadverted upon
AMI those who persist in II are plaillv warned
that they will be prosecuted under the law
The Secretary saws, ia regard 70 public moneys
that, 80 lar as known. there We beer
no losses to @ verament from public
officers. engaged either II the receipt
the public funds. The cost per cent. Of col
Letting customs dues was never 50 low n
now, and the INTERNAL -seseane sesvice seems Il
] be In most excellent condition. from an oconom
we're sl-a.sa9 Ia: o. internal re.e enue, $ts6,as3.
273 The Seen etar, strongly urges radical chan c.
In the classification of gar. Fo~ the lest h
discusses tariff reform In come tioa With ths
gsnetai subject Of the reduction ~ taxation.
Mr.. Folger would abolish all internal taxation
except that ON spirits. fsrmcnied liquors and to
hacco, making 4 reduction Of Saa.aae,d ,dn. aud stil
leaving surplus of S,s aaAsa.. That he wou {
take from customs hy general sys ,em 81 Ic,
due ion, especially on raw materials IN general
and sugar in partcnar.
he report state. that farsign 60 mefee Q
the rouhtry slows q lalanee In favor OF cNpor
to the amount of early 6tsa. M. Over : pe
cent. of our exports consists Of aerenlfara
products. Tau tonnage Of ses~e'H owned III III
United Stats and engaged III TIL foreign adt
IL sill declin NJ hut the toana .c ~ those IN VA
domestic trad increas Il more than hire
timfs IL much az foreiln tonnage decrea. ct
There We're l.3Ti vessels hui and dornmente,
"a vessels of the United 81 ltes during the wear
Of these aaa Wee steam vessels. 0t the = IN
bined imports and exports of mefchanut Y !
per cent only Mas conveyed IN Anne ie n vessels
The Secretary makes no suggestion Oh the sub
jeet Of eneoufagin. ship hnsldiaa.
Mr.. tolger discusses The pleuro- nneamoni
question: reeo nising the fact that II Is eanfina
To cattle in certain districts II the Attahtt
Statcs and has foo huid III ihe & .st. II
+ SAYS that arrangements are being male White
! will Justify the removal Ut the present rltis
embarE Ea on American I've ito There u
larg ,eman for stock cattle in England, NH .
this GO ntfs could AMI Maud supply 10 ca
extent, II the Enslisi Government WAS not Af, Al
Of contagiou.