The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-12-06

"a lively small annual appropriation We
suffice 10 meet,
al have alluded in my previous mesa
al TO the Injurious aud yexatlous rest
y, tlons suffered by our trade In the Span
nl West indies. Although the United Sta
~ imposes heavy export duty uJ
coffee. Petroleum exports are hampe
d in Turkey and in othsr caste. n ports by
J. strictiOns. as stoTages and enormous tai
j. uon. For these mischiefs q
j. tquate relief Is not always Afforded
s reciprocity treaties, like shat with Maw
i or that lately negotiated with Mexico o
now waiting the action q the senate.
I IL not advisable TO provide come measure
, equitable retaliation in relations with 20
ernments which discriminate againe5 Of
, own? IT, for example, the executive w
empowered to supply to Spanish yssss
and cargoes from Cuba and Porto Rico ii
same rules of treatment and scale of psna
ties for tropical fruits which are apple
to our vessels and cargoes in the Antilles
resort TO that course might not be barre
OF good results.
THE SECRETARY OF THE TREA5yRY
gives full and interesting exhibit. TS
financial condition of the country show
the ordinary revenues from all sources TO
the fiscal year ended June 30th, 1889, to b,
| S39S 267 ,5Sl 0l6 whereof there was received
| from customs, $2l4, ,706 $40 Cos; from inter
nal revenue, $l4i.720 368 9S; from sales Of
public lands, $40 SOS, ,6l0.42; from tax and
circulation and deposits of national BANKS,
50, Ill 1908 50; from profits from coinage of
bullion deposits and ASSAYS. Sii6020 5l7:
from other sources, $l.733, ,637 60; total,
$685., ,S75,Sl9 Is. For the same period
the ordinary expenditures were, for ciyil.
expenses, S22 ,343 2S5.76; for iorelgn inter
course, 1924 ,075 "A; for Indians, $780, 259 034
for pensions, t66,0l2,573 O.; for tne military
establishment, including river and hsrbor
improvements and arsenals. $iS9ll ,3S2 90;
for the naval establishment, including
vessels and Improvement at the navy yards
$l5, 2S3 49, II; for miscellaneous expendi.
lures, including public bHNll0E, light.
houses ana collecting the raVeEue, $lO,U03,-
432 70; for expenditures on account of Dis
trCt Of Columbia, S3 8l7, OPS As; for interest
on public debt $50, 100, 1925: Total $685.
4OS, 1854, leaving II surplus revenue of
$l32, ,S79, ,44 Il, which with amount drawn
from the cases, balances in the treasury of
81 200 312,5o, making S134 IFS, 1866,
applied to the redemption of
bonds for the sinking fund,
S44, $50, 100; of fractional currency for sink
ing iund, SAG 556 80; OF funded loan OF 1881,
continued at 3 IL per cent, $65,3S0, $50;
of loan of July and August, 1861, con
tinued at 3 IL per cent. S205 9iG 90;
of n funded loan of 1907, $2l, AIS, $50; OF fund
ed loan in 1881, S7l4, 100; OF loan of Feb
ruary, 1861, $4,000; OF loan of July and
August, 1881, $780, ,600 of loan of March,
1853, Sll, $685. loan of July, 1882, $47 $50:
of 5-20's, 1862, $10,3o0; OF 20s Of 1868,
81 $50; of 5-2O's. 1865, S96,000; of 10,40's
of 1864 $l33 $50; OF cousols o! 1865. $40, 500;
of consols OF 1867. $235, 200; OF cnnsos of
1868, $l54 $50; or Oregon war debt, S5,450;
of reiunding certificates, $lt9, 100; Of old de-
mand. compound interest and other notes,
Sl3l COO; total, $l34 IT'S 756 96.
THE REVENUE
for the present fiscal year, actual and estj
ma ed is, for the quarter ended September
&c. 1873, end for the remaining three quar-
ters Of the year a. f,llows;
From customs. actuai, $57 402, ,075 b7; esti-
mated, Sl37 ,597 024 80; from internal reve-
337 ,921 40; from sales OF public lands. act
al, 81, 932, ,635 II, estimated, $5,O67 1854 So;
from tax on circulation and deposits OF ma
tional banks, actual, ST. ,557 800 IS; esti-
mated, 81 ,542 l99 u; from repayment of in
terest and sinking fund, Pacific railway
actual, $62l ,O595l; estimated,
81 .478 94O.49; from customs fees fines pen
alties, ETC. S20S, sos IS: estimated, 1901 ,3O3,-
%; from fees--consular, letters-paent and
lands, sctual, $500, ,209.S0; estimated $2,-
1885, 100 20; from proceeds OF sales of govern
meuJ propertv, actual, Sl12,5G2.23; esti-
mated Sl67 1917, from profits on coinage,
etc actual, $3.50 22J 46; estimated, s. 49,
770,5i: from deposits for surveying pubic
lands, actual, SIP l6l 81; estimated, 1927,
53S 50; from revenues ot Ehe ID strict o! Co
lumbis. actual, $256, 6,Ol7 80; estimated, ST.
643 $50 0l: frorl miscellaneous sources, acr.
ual, Sl,237 ,lS9.63; e5rimsted, 80 $50 SO 81
Total recrruus, actua', S05 0G3 9lIO3i esti.
mated. S247 O33 CS2 81
The EXPENDITURES tor the same pofiCd, aC-
tual and estimated, art: For GiYli hnd
miscellaneous eXpenhes, including pubic
buildings, lighthouses and collecting the
reveru', ariual, Sl5,3S5, 799 A; estimated.
SOL IA ,2uO5S; TOR in0lans rr'ua', $685..
800 "a: tsimHirH 81 l2G609, ,i6; for rrG.
sion,, ecrual, SIG 2S5, % 9Ses,imii S53,
III 73S o. tor military establishment, 10.
cludlug notifications, river and hafhor im-
provPments, and arsPnals, actual, Sl3 5l2
204 80; estimated, S26, ,4S7, ,70J 81; for naval
est stablshmunt Including vessels ard ma
and improvements at ngvy-VPrns,
actual, 81 l09, 200 GO; estimated, 5l2 3d. /
70J 81; tor expenditures on account OF the
District of Columbia, actual, 81, 1873 S96.4l; !
S2,6ll ,l63 50: tor interest on the
public debt actual 81, ,797 207 90: estimated,
$50, 702 ,702 "a. Total ordinary expenditures,
lctuni, $G7 ,9i2, 900 80; estimated, Sl90,U57, |
40 o.. Total receipts, actual ana estimated. |
5343 OO0,O ,O0O 00;oial expenditures &C ual end |
S25s 100000 90; leaving Ss5,- |
OO, ,Oy0 90; estimated amount due the sink
nR fund, S45 SIG ,7Il. 90; leaving a balance |
# $50, 1888. .25s 90 II the revenue for the |
igcal year, when viii enu On June 80, 1853.
,e estimated upon the basis OF existing
avs. the secretary Is oi the opinion that
or shat year the receipts will exceed SG0,-
90 600 the ordinary expenditures Including |
ne amount devoiec TO the sinking fund |
.iiherto, there will be a surplus, as rapidly |
s accumulated. IL ,bas been devoted 10 the /
eductiOn OF tue national debt aud as
esult the only bonds now outstanding,
yhich are reoeemable at the pleasure OF
he government, are the three per cents.
mounting TO about S505 100000, four and
pe.half per cents amounting TO $3.50 Co.,
OO and the sl39 600 OO1 OF four per cents
re not payable until 1891 and 1907 respect
yely. lfthe surplus shall hereafter be as
aree as the treasury estimates now indicate,
be three per cent bonds may all be re-
eemed at least four years before any of I
a IN, the latter at the same /
ate Of accumulation, Of sur
Ius. can be paid at matur
ty snd the moneys requisite for
he redemption Of the 4 per cents. will be 4
n the treasury many years before these OBJ
irations become payable. There are cogent
easOns, however. why the national ihdebt-
dpess should not be thus rapidly extin-
.uished: the chief among them is the fa0t i
nat only by excessive taxation, is such ra I
,idity attaiDab4e. In n communication 20 /
be congress at It's last session, ! recognized /
hat eli excise taxes be abolished, except /
hose relating 20 distilled spirits, and that /
.ubstantisl red actions also Be mads In the |
-evsuues from customs. A statute has /
,een since enacted bT which the annaal tax I
nd tariff rece pts Of The cOvernmu8t have
,aen cur down 20 the extent OF hity or
irtv millions oi dollars. while ! have
1o doubt that still further reductions may
Do wisely msde. ! do not tdvise the ador-
ion tbs session ~ any nsaEtres Ot a-y
The result oi The legislation 1i the last ses-
non ri the congress, hns not a. yet beCome
v1H gently apparent 10 justify any radical
reduction or asyeeping moo lscaripn ci III