Connecticut western news., 1883-12-12

property in New York city.... 648, ,694 82 Indian trust funds. ...-....... 12l, 900 % Donations toward iquidatlng
 the public debt. ........... 9e4, ,42e 87 Japanese indemnity fund. 1889, ,529 99 Immigrant fund d............ 23l, ,476 50 Revenues of the District of Col
 umbia 1,9IO, ,9oo AZ Miscellaneous sources. ......... 2,419, ,332 IS
 Total ordinary receipts .. $398, ,287, ,581 95
 The ordinary expenditures for the same period were:
 For civil expenses. .............$ 22, 343, 285.76 Foreign intercourse. ......... 2,419,275A Indians. 7,362, ,59O 34 Pensions s.................... 66,012, ,57364 Military establishment including
 river and harbor improvements
 and arsenals. ............. 4s,s11, ,ss2 es Naval establishment, including
 vessels, machinery, and im-
 provements at navy yards. =. 15, ,283, 43717 Miscellaneous expenditures, in-
 cluding public buildings, light
 houses and collecting the rev.
 enue ................... 4o,oss, ,4s27s Expenditures on account of the
 District of Columbia ........ 3,817, AS Interest on the public debt..... 59, 16O, ,131.2 .25
 Total ordinary expenditures $265, ,40s, 137. .54 Leaving surplus revenue of. .. 132, 897, ,444.4 Al Which, with an amount drawn
 from the cash balance in the
 Treasury of................. of. 1,2ss, ,s12.65
 Making. ..................s1s4,1 ITS, 75e s6
 Was applied to the redemption Of bonds for the sinking fund. 44,s5O, 700 % Fractional currency for the sink
 ing fund .................. 4s,55e se Funded loan of 1884, continued
 at s19 per cent. ............. 65,sso, ,25o % Loan of July and August, 1861,
 continued at 3ls per cent .. 20,594, 500 % Funded loan of 1907. ......... l,418,850 co Funded loan of 1881. ........... 7l9,150 co Lean of February, 1861. 1.. 18,00O co Loan of July and August, 1861.. 266, 600 % Loan of March, 1863. ....... 116,s5O % Loan of July, 1882 ............ 47,650 co Five-twenties of 1862 ~ 1O. 300 % Five-twenties of 1864 4.. 2, ,O5O % Five-twenties of 1865. .......... $500 co Ten-forties of 1864. 64.. 133, $50 co Consols of 1865. 4O,8OO % Consols of 1867. 67......... 295, 700 co Consols of 1868 68............... 154, $50 % Oregon War debt. ............. 5,450 co Refunding certificates. .......... 109, ,150 co Old demand compound interest,
 and other notes ... 13,3oo %
 Total. ......................$ .$134, 17s, 756 90
 Compared with the previous fiscal year. the receipts of 1883 have decreased $15, 172, ,O48 38, and there was an in- crease of $9. 934, ,380.05, making net decrease of $5, 237, ,668 33.
 The expenses of the first quarter of the year were $95, 1866, 917.O3. The Sec- retary estimates that for the next three quarters they will be $247, ,O33, ,O82. .97, and shows these figures for the year:
 GRAND TOTALS.
 Iota! receipts. .$343, ,000, ,000 co Total expenditures ............ 2ss, s,oOo,0oO % Amount due the sinking fund 45, 5,S16,7 TAI 07
 Leaving balance of .... $39, 1S3, ,258 93
 Excluding the sinking fund, the esti- mated expenditures for the year 1885 will be $236, 855, ,54S, showing an ex- pected surplus of $l06, IA, ,452.
 STANDARD SILVER DOLLARS.
 On Nov. 1, 1883, under the act of Feb. 28, 1878, there had been coinage of standard silver dollars amounting to $156, 72O, ,949; there were in the Treasury at that date $116, 6,386,O17. There were then in circulation, and in the hints on account of profits on the coinage not yet deposited in the Treasury, $40, 334 ,932. There were in circulation on Nov. ], 1882, $35, ,383, 786. The coinage between the list of November, 1882, and the same date in 1883 had increased BPS, ,39l ,O69; the amount in circulation for the same time had increased $4, 136, ,321; thus keeping up the great disproportion be- tween the amount ready to be supplied and the demand for them, heretofore noted in the reports of this department.
 THE TRADE DOLLAR.
 It is possible, says the Secretary, to make an estimate of the amount that would come to the Treasury for redemp- tion if authority were given therefor. The whole issue of the coin has been $35, ,960, ,446. Some of that has disap- peared in manufactured articles; it is estimated from one to two millions. It is calculated that fve-sixths thereof went abroad in the beginning, and it is believed that but small part of that has come back, and that there is now held by our people but from five to eight millions.
 A thorough and effective redemption of it can be brought about in this way {: Let authority be given by Congress to trade dollars, at their nominal value, 
 and melting the trade dollars to reooin them into standard silver dollars, count ing the trade dollars got in this way as part of the silver bullion which the act of 1878 empowers and directs to be bought and coined monthly. Should the trade dollars have been so abraded in use as to have lost considerable part of their original weight, which is not much to be apprehended, deduction might be made from the price, and frac- tional payments made in subsidiary and minor silver coin.
 The coin circulation of the country on June 30. 1883, is estimated, from the statistics of coinage and net imports of coin, to have been $765, ,470,9 ,993. HOW TO REDUCE.
 As to the question, What legislation is necessary to relieve the people of unnecessary taxes? the Secretary says it should not be assumed that the surplus in the Treasury will be con- stunned by lavish expenditures for objects of doubtful expectancy or legality, or that the scheme which has been pro- claimed, of exacting money from the people for the purpose of returning it to them by Altering distribution through State governments, will find any favor with Congress or the people. In the recommendations of the President and those of this department, and the action of Congress, and in the expression of public opinion, there has been sub- stantial concord as to how the needed reduction of the revenue should be brought about.
 It has been generally conceded that the internal revenue taxes, except those upon spirits, fermented liquors, and upon the circulation of banks, might