The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1883-12-07
The actual and estimated expenses for
the same period are i


ing vessels and
machinery and
Improvement of
navy yards. -, 4l99, 900 so 12,3OO, 7OO,3l
For expenditures
account of Dis
trict Of Columbia LBS, 1854 2,el1 1850
For interest on
public debt. H7s7 .297 SO 80, roe, 7O2O4
Total ordinary ex-
penditures... :. s7,a4s, sO33 1870, O57, 800 81
Total receipts, ac-
tual and estimat- -.. ....,........
Total expenditures
actual and esti-
mated. ......,.... $4,000, 100000 ............
Total. ......u.,$ 5000, 900 90 ............
Estimated amount
due sinking fund 7..
Leaving balance 1855, TAI or ............
of .................l 30 1882 1898 .............
If the revenue for the fiscal year which
will end on June 30, 1885, be estimated upon
the basis of existing laws the Secretary is of
the opinion that for that year the receipts
| will exceed by S60,0oO,0O0 the ordinary ex-
penditures, including the amount devoted to
the sinking fund. Hitherto the surplus, as
rapidly as it has accumulated, has been de-
voted to the reduction of the national debt.
AS a result the only bonds now outstanding
which are redeemable at the pleasure of the
government are the per cents, amounting
to about SS05, 900. The 4 l-2 per cents,
amounting to $3.50, 900, and the S737, 0O0,
900 of per cents, are not payable until 1891
and 1907, respectively. If the surplus shall
hereafter be as large as the Treasury esti
may all be redeemed at least four years be-
for any of the IL per cents. can be called
in. The latter, at the same rate of acctm,i-
latiOn of surplus, can be paid at maturity,
and the moneys requisite for the redemption
of the 4 per cents. will be in the treasury
many years before those obligations become
payable.
THE TRADE DOLLAR. ....
The trade dollar was coined for the pur-
pose of traffic in countries where silver pass
ed at its value, aScertainedby its weight and
6neness. 1t never had legal tender quail
ty. Large numbers of these coins entered,
however, into the volume of our currency
by common consent. Their circulation in
domestic trade has now ceased, and they
have in the United States become a disturb
ing element. They should not be longer
permitted TO embarraSS our currency system.
recommend that provision for their recep-
ton by the treasury and minis as bullion at
asmall percentage above the current market
price Of silver of like iineneSS be made.
CONSOLIDATION OF REVENUE DISTRICTS.
The Secretary of the Treasury advises a
consolidation Of certain of the customs dis
ttrlctss OF the country, and suggests that the
President be vested with such power in re-
lation thereto as is now given him by Sec
ton 3,l4l of the Revised Statutes. The
statistics on this subject which are contain
ed in his report furnish of themselves q
strong argument in defense of his views. AT
the adjournment of Congress the number OF
internal revenue collection districts was l26
| BY executive orders, dated June q, 1888, /
directed that certain of the districts be con-
| sOlldated. The result has been reduction
| Of Vne-third their number which at present
| is but eighty-tlree.
INDIAN AFFAIRS.
| From the report of the Secretary of War
| it will be seen that in only single instance
| has there been any disturbance of the quiet
| condition of our Indian tribes--a raid from
Mexico into Arizona by a small party of
| Indians, which was pursued by Gen. Crook
| into the mountain regions from which it
| had come 1t is confidently hoped that Sc
| riOus outbreaks will not again occur, and
| that the Indian tribes, which have for so
many years disturbed the West, will here
after remain in peaceable submission.
| COAST EXPENSES.
| again call your attention to the present
| condition of our extended sea coast, upon
which are so manyarge cities whose wealth
and importance to the country would in
time of war invite attack from modern
armored ships, against which our existing
defensive works could give no adequate pro-
lection. Those works were built before the
introduction of modern heavy rifed guns
into maritime warfare, and if they are not
putin an efficient condition we may easily
be subjected to humiliation by a hostile
power greatly inferior to ourselves.
TORPEDO DEFENsEs.
As germane to this subject, call your at
tention to the importance of pertecting our
submarine torpedo defenseS. The board
authorized by the last Congress to report on
the method which should be adapted for the
manufacture of heavy ordnance adopted to
modern warfare has visited the principal
iron and steel works in this country and In
Europe. 1t is hoped that its report will be SO
made and that Congress will therefore be dis.
posed to provide suitable facilities and
places for the manufacture Of such guns as
are now imperatively needed.
THE ARMY. als
On several occasions during the past year
officers of the army have, at the request Of
the State authorities, visited their military
encampments for the inspection of the
troops. From the reports of these officers,
] am induced to believe that the encourage
|
national government would be followed by
very gratifying results and would afford, In
sudden emergencies, the aid of large body
of volunteers educated in the performance
of military duties.
NAVAL AFFAIRS.
The Secretary of the Navy reports that,
under the authority of the acts of Aug. 5.
1882, and March 3, 1888, the work of strength
ening our navy by the construction of mod
ern vessels has been auspiciously begun
Three cruisers are in progress of cOnstruc.
tiOn-the Chicago, of 100 tons displacement,
and the Boston and Atlanta, each of 25N
tons. They are to be built of steel, with the
tensile strength and ductility prescribed by
law, and, in combination of speed, endur
ance and armament, are expected to com
pare favorably with the best unarmored wal
vessels of other nations. A fourth vessel
the Dolphin, is to be constructed OF similal
| material and is intended to serve as a fleet
| dispatch boat. The double turreted moni
tors, Puritan, Amplerite and Terror, have
been launched on the Delaware river, and 9
| contract has been made for the supply OF
| their machinery. A similar monitor, the
| Monadnock, has been launched in Califor.
| mia. The Naval Advisory Board and the
| Secretary recommend the completion of the
| Tho onn fr,,ptinn nf fur