The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1883-12-08
PRESIDENTS MESSAGE.
Continued from Second Paoe.


Get OF States established ut twenty-five sta
tons under one nag. which offers freedom 10
commerce and prohibits the slave.trade. The
objects OF the society are phiianthrophio. IL
does not aim at permanent political control.
but It seeks the neutrality of tho valley. The
United states s cannot DC nd s to this
volvc@ in il. IL may become advisable for
TO cooperate with other commercial powers
i'm promoting the rights Of trade and residence
i'm the Congo Valley free from the interfer-
ence or political control of any one nation.
THE COFFEE 1RADB
have alluded, in my previous message, to
the injurious and vexatiUus restrictions suf-
fcrcd by our trade In the Spanish West Indies.
Brazil, whose natural outlet for its great
national slave coffee is In and through the
United States imposes heavy export duty
upon that product.
our PETROLEUM EXPORTS
arc hampercd in Turkey and other Eastern
ports by restrictions TO storage and by
onerous taxation For these mischiefs ade-
quate relief is not always provided by reoi-
procity treaties like that with Hawaii or that
lately negotiated with Mexico and now await
ing the action of the Senate. Is it not advis-
able to provide some measure of equitable
retaliation in relations with governments
example, the Executive were empowered to
apply to Spanish vessels and cargoes from
Cuba and Porto Rico the same rules of treat
ment and scale of penalties for technical
faults which are applied TO our vessels and
cargoes in the Antilles, a resort to that course
might not be barren of good results.
THE FINANCES.
The report of the Secretary of the Treasury
gives full and interesting exhibit of the
financial condition of the country. 1t shows
that the ordinary revenues from all sources
for the fiscal year ended June 30, 1888, amount
ed to s3gS, 2S7 ,5Sl 90; whereof there was recev-
ed from customs $214, zoe, 496. 80: from internal
revenue, Sl44, ~, S9S; from sales of public
lands, $3.50, S64 AZ; from tax on circulation and
deposits of national banks, 50, Ill 008.65; from
profits on coinage, bullion deposits and assays,
s4,4602517; from other sources, ST., 1888 637 go;
total 39s, 2S7 5Sl.95. For the same period
THE ORDINARY EXPENDITURES
were For civil expenses, So. 3a3 PSI 10; for for
eign intercourse, $2,4i9.27j.24; for Indians
$7,@9.59O.4; for pensions sG6. "a; for the
military establishments and arsenals, S4S,911,-
S2.93; for the naval establishment, including
vessels and improvements at navy yard, Slb,-
2S3. 437 II; for miscellaneous expenditures in
S aen@ e aea c9
ditures on account of the District of Column
ba, S3,si7, o2s .4s; for interest on the public
Leaving Il surplus revenue of SI32, 819, 444,
which, with an amount drawn FROM the cash
balance in the Treasury of 81, eg9, 3lS.55, max
ton of bonds; for the sinking fund, $A,S56,-
700; of fractional currency, for the sinking
fund 1865 90; of funded loan of 81. con-
tinued at 81 per cent, S65 $3.50, 200; of loan July
and August of 1861, continued at 3H per cent,
1854. GOO; of funded loan of 1907, 81 AIS, $50;
of funded loan of 1881, STlg 160; of loan of
February, 1861, $4,000; of loan of July and
August, 1861, $266,6o0; of loan of March Is,
1863 81 6s5,oOO; of loan of July. 1882. 81 1885,,
600; of fivetwenties of 1852. O50; of five
twenties of 1864, $685. 900: of five-twenties of
1865, S9.600000; of ten-fortics 1885, Sl3,353 900;
of consuls of 1865 S4,0SOO0O: of consols of 1867,
S235I0,G0; of consols of 1863, 81, $40 800; of
Oregon war debt. S545 D0Q: of rcfunding GER
tifcates, Slu,9l5,O0O; of other demands, com
pound interest and other notes, $l3,3OO. Total
Sl4.l .96.
REVENUE.
The revenue for the present fiscal year, act
ual and estimated is as follows:
Actual for the Estimated for
quarter end the three
SOURCE. ing Sept. 30. quartersof
From customs. $751; 4os.S75 CT sis1 So GA 80
From internal rev.
From sales of pub
lie land .......... 29S,6j5 IT 6,067 ,364 81
From tax on circu-
lation and depos-
its of National
Banks. .......... 1,b5f. 800 % 1,542, 1893 IL
From repayment
of interest and
sinking fund Pa
cifc R. R......... 521.O5s 81 1,47s,94O 40
From CUSTOMS
fees, fines, etc.. 298,G06 78 90, 1903 %
From fees, consul
lar, letters patent
and lands. 863.209 80 2,436,T9 20
From proceeds of
sale of Govern
ment property. 1859 20 1e7.4sT II
From profits on
coinage, etc. ..... 960,ES9 IT 3l49,780 "a
From deposits for
surveying public =.
lands. ......... liz. 4G1 81 327 ,538 80
From revenues of
the District of
Columbia. :, =. s5o.Ol7 so 1,oi3,oss OIL
From miscelane-
GUS sources...... 1,23716 63 2,3S2, $40 81
Totals .....S 95. $685. i7 % s2l7, O23.OS2 OF
EXPENSES.
The actual and estimated expenses for the
same period are;
Forquarter end For remaining 3
ing Sept. 80. 1883. quarters of year
Object. actual estimated.
For civil and mis-
cellaneOuS, in
Guiding public
buildings, light
houses and col
lecting the rev.
For pensions. iS,sS5$Gi Is 03,7ii73S O.
For military
tahiS ments,
including fOrti-
fcatOns, river
and harbOr inl-
prOVements "
arsenals........ 13,5l2,S0f 30 26,4S7790 6l
For naval estab-
lshment, in
Guiding vessels
and machinery
i Improvement
of navy yards. 4,l09,S99 % E,3OO, 100 81
For expenditures
on account OF
District of Co
mmbia ......... 1,l3S.e36 40 s.6ll,l6 s.
For interest on
public debt..... H7YT,2T SO 20, 702, 102 o.
Total ordiuaryeX-
penditures Gi,9i2, 900 90 1906 800 6T
Total receipts, nc
tual and esti-
mated -. 3i3, OOO,O 900 90
Total eXpendit-
uros, actual and
estimated 49, 25s, 100000 90
Total ......... S5,0OO.0O0 90
Estimated am'nt
due sinki'g fund 45,S16.H1 on
Leaving a bal