The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1882-12-15

] MINUS OF the SINKING ttlnQ are met, balance
| of receipts over expenditures of S15,5s7.OIS. IS.
There have been redeemed of interest-bear-
Ing bonds total of Sl4l, 5l0,s50, and S2s039i,-
| $50 of continued 81. per cent. bonds have been
the annual interest charge on these exchanges
| Is s1.40l.g $3.50.
Referring to the standard silver coinage the
/ Secretary says:
There had been coined on No
bember /, lsS2. under the act of
February g, 1873. of standard sill
yer dollars Observation-Disclosures. S12S, as,a sS1
There were in the Treasury at that
date. Northumberland. s2,9i6,Gol
And in circulation. >. ........... sa5,3S3, $50
| There were in circulation, Novem-
Der i, 1881, about. S.000,U00
Increase. ........................ sl,3s3, 7s6
The increase in the circulation of standard
silver dollars between November ], 1851, and
| November1 !, 1852, was less than million and
half of dollars. The amount coined during
the same time was sI,772.075. The supply in
the aggregate, and furnished yearly, is much
OF the above amount held by the Treasury
| November !, 1857, there were in the subTreas-
ury at New York about $la,0o0,0O0, and i'll the
vaults of the Assistant Treasurer at San Fran
cisco nearly S4,OOO.G00. and In the mint at that
place nearly S27,00,0J0 making nearly S4I.-
DOO,U00 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 aS
now, it will be a serious question where the
Treasury Department will find. in public re-
ceptacles, storage-room therefor.
The amount of silver certificates outstand-
ing November ], 1881, was about $4,000, J00,
and the amount outstanding November L.
lSS2, about S65.5O0.00. The Treasury holds
nearly all the standard silver dollars coined
during the year ended November ], 1sS2. The
amount of silver certificates outstanding has
leSsened during the same time. Judging from
creased demand for silver dollars. The rec
ommendation is renewed for the repeal of the
act requiring the issue of silver certificates
and for a law authorizing measures for their
early retirement from circulation.
The imports of foreign gold AMI sill
yer coin and bullion during the last ifs
cal year aggregated So, AZ $50, and the
N hts was Sii7.Sn,55i The coin cireu-
lation of the country ut the end of the fiscal
year is estimated to have been $40. 1885.
imports during the first quarter of the present
fiscal year of SlS,3ij.2jl, making the grand
total of coin in circulati on 7lS.s0lS0G.
The number of National Banks organized
during the year is III, which is The greatest
number organized during any year since 49,.
The number of banks in Operat on is LIB;
more than mt 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 S4S3, lu4,elS; as
Sl,L2,4i2,6s2; had made loans in amount,
81 .Ss 2S6,j2i. and held in spec e. S1r2,S51.7Is.
The interest-be ring funded debt of the
United States was, on November J. Sl,tls.O>n,-
20. The total amount of bonds held by the
National Banks, stare Banks, and Savings
Banks at the near Sc correspon ling date that
could be ascertained was SIS ',aSs. S.E. which
amount is not greatly less than one-half of tie
whole Understanding debt.
Similar facts nave also been compiled from
the returns made by State banks. savings
hanks, and private bankers to the Treasury
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 du ing the
six M nIhs ending Nav 81, 1>S2. as follows:
Savings banks, S2l2,o2S,IS2. State banks and
trust cOmpan eS, S2321l ,i;N: private bankers,
S1Ls1u,I4j; total. $50 II0ai7.
The revenue from customs for the fiscal
year was S2J no, I3l25, incr use of SO, 2Dl,
Dd.2i over that of the preceding year: an in
crease in the value of dut able imports of S5.,-
So 4Si, and in that of free goods of $685., ISL.
There was collected at the port of New York
the sum of S.a2,113 ,g2.S: at all Other ports,
S6S,: ", .B The sum of SAL S3l2 was col
lectei on sugar. melado and mOlasSaS: -, 49,
OLE on wool and its manufacturers: s2i,lI5,5I
on iron and steel AMI manuf; ctures thereof;
s222.'rs, EG on manufactures of silk; 81 -2S,iGS
on those of cotton, and Sd, l.iSi on wines and
spirits: in all, from those articles. SlA,25s, SIS.
From the various objects of taxation under
the internal-r1 venue laws the receipts for the
fiscal car ended June -, ISL, We're as follows:
From spirits. Observation-Disclosures. Nos Is
From tobacco ................. 4I.3H,gSS 81
From fernented liguorS.... 16.l5s90 AZ
From banks and bankers. 5,25345S At
From adhesive stamps tinc.u1ing
bank checks, S2.3lS, i55 Ii: fric-
ton matches. S2,221s,25S: patent
medicines, etc. Sl,g.S, 3j5 So. t,5S9, los 20
From penalties, etc. ...-...... l99, so o.
provided for. sI,559 90
Iota!. Sll6.5>b,2'5 q
The Secretary discusses Mt considerable
length the question of the anticipa ed surplus
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 to carry on the functions of Govern
ment. He refers to the enormity of the PEN
sion list and the prospect that there will be
further dC mands upon the Government in that
direction, and then recommends that taxes
be continued on spirits tobacco and fermented
liquors, Is articles of luxury, and all other
internal taxes be remitted unless that on
hank circulation be retained. With respect
to custom duties, he advocates sub
stantial reduction of the tariff on sugar
AM mOlasSes, wool and its manu- 'actures, iron
and steel and manufactures therefrom. manu-
tactIlres of silk and manu- factugeS of cotton.
In addition he recommends a careful revision
OF the tariff, with v ew of placing on the free
list many articles now paying duty.
The Secretary then gives the stat sites OF the
imports and eXl Orts of mer handise 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 ifs al year.
The questions of commerce and navigation
are then treated, and the statement m ide that
only 10 per cent of the imports and exports
of The last fiscal year was carried by Ameri-
Cyn esselS.
The secretary describes the condition of the
i lfe-saviny Service, the Corst and Gcodetic
Survey, tue 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 regl-
lation, and asks for the creation of
u proper bureau to have the matter in
its exclusive charge. The operations
of the National Board of Health are discussed
the work laid out for the Board is well done
and the results accomplished are satisfactory.
The condition of affairs in Alaska is treated
ut some length, and the recommendation made
that some sort of civil government be devised
fof he territory.