Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1883-12-13


059.5l from customs, fees, fines, etc.
S29S, ,696.7S; from fees, consular letter.
patent and lands. 1868, ,2O9.S0; from pro
ceeds of sales of Government property
Sll2,562.23; from profits on coinage, etc.
1850, ,229.46; from deposits for surveying
public lands, S17246l.3l from revenues
of the District of Columbia. S256,0l1.99
from miscellaneous sources, Sl,23l. 1888
Total receipts, S95, ,966, ,9l1.03.
Estimates for the remaining three quarters
Of the year /: From customs, Sl3I .o91 ,024.-
33 from internal revenue, S90,3J ,92l40
from sales of public lands, Sj,O61 ,364.S3
from tax on circulation and deposits Of Ma
tional Banks, 81, ,j42, 1912; from repay
ment Of interest and sinking-fund, Pacific
railway companies, Sl.41S.940.49; from
customs fees, fines, penalties, etc, 1901 ,303.-
22 from fees consular, letters patent. and
lands. 2,436, 1920; from proceeds of sales
of Government property, Sl6l .431.II
from profits on coinage, etc, S3.l49,I lO.5f
from deposits for surveying public lands
1927 1850; from revenues of the District
Of Columbia, Sl,643 .9S20l; from mscel-
laneous sources. S2,3s2 .sl0.31. Total
S247 ,033, ,oS2.97.
The actual and estimated expenses for the
same period, are for quarter ending Sept. 30
1888: For civil and miscellaneous, expen-
ses. including public buildings, lighthouses
and cJilecting revenue. Slj 80, l99.42; for
Indians, 81 ,623, ,390.ji: for Pensions, Sl6.-
2Sj. .26l.9S for military establishment, in
Guiding Notifications, river and harbor I'M
provements and arsenaIs, Sl3,5l2, ,20i.33
6. LII ls
and machinery. and improvement at navy
ward, Si,l99 .299.69: for expenditures on ac-
count Of the District of Columbia, 81 ,13S,-
S36.4l; for interest on public debt, 2l4,-
l19.291.96; total ordinary expenditures,
S67 ,942 ,09O.33.
For the remaining three quarters Of the
year: For civil and miscellaneous ex-
penses, including public buildings, light
houses and collecting revenue Sol, II POO
IS; for Indians, Si,l26,6O946; for pen
sions, Sj3,1l4, ,13S, 90; for military estab-
lishment, including Notifications, river and
harbor improvements, and arsenals $50, 49, :
1857 for naval establishment, including
vessels and machinery and Improvement at
navy yard. Sl2 300, 700.3l for expenditures
on account of the District Of Columbia, 3 :
$50, ,.02. 1O2.OI total receipts actual and
estimated. S343, 900, 10000; total expendj-
lures, actual and estimated. sos, 900, 900
90; total surplus. $4,000, 10000; esti-
mated amount due the sinking fund, S4j,-
Sl6.14l.01. leaving balance Of $50, 49,
2jS93,
If the revenue for the fiscal year which
will end on June 80. 1850 be estimated up
on the basis of existing laws. the Secretary
is Of the opinion that for that year the re-
ceipts will exceed BY sixty millions the ordi-
nary expenditures including the amount de
voted to the sinking fund. Hitherto the
surplus as rapidly as it has accumulated has
been devoted to a reduction Of the national
debt. As result, the only bonds outstand-
ing, which are redeemahle It the pleasure Of
the government are per cents. amounting
to about three hundred and five million
dollars, the four and oHe-half percents.
amounting to two hundred and fifty millions
and the seven hundred ana thirty-seytr
millions four per cents, are not PAYABLE un-
til 1891 and 1907, respectively. Ii the
surplus shall hereafter be as large as the
Treasury estimates now indicate. the three
per cent. bonds may all be redeemed at least
four Years before any Of the four and one
half per cents. can be called ill., The latter
at the same rate of accumulation Of >urplu,
can be paid at maturity, and the moneys re-
oui,ite for the redcmntion of the. four ne,
cents. will be IN the Treasury many year,
before those obligations become payable
n,.,.,.>.,.,
''' NV '
lhcTe are coSeht reasons however why
'he national ihdtotedlesS shouId hot pc mus
.tI.
in sncb ranidi,y a,tnirabIa In cnmmnni.
cation to Congress at its last session. | rec
ommend,d tha, all excise taxes he abolish.
et cxcenr those relating to distilled sDirits.
o,d ,bat substantial reductions aIsn IN. n,a, lie
IN IN. revenue. from customs \ statute
bas since hecn enacted III which the annual
tax tariff recent, a, the Government have
been cut down to the extent of at least fifty
or sixty million, of dollar, While have
no douit that StjIl further reductions NAV he
vis.i m,d,. ln rnt advise III. alontion nt
this session Of any measure, for a Iaroe
d;minu,ior of tLc national revenues The
results of ,h,. laoI>latjon of the last session
of the Congress- han. NOT al yet become
.,tfc;antIy 1nn,r,pt IA ;pst;f, ,nv ra,iic,i
revision Or ,weep,ry notifications Of ex-
;.,;rr low In ,ba interval which ,,us,
cl,n-c haf,ra ,b.. eir.c.s Of the mr., of March
al ,ssf can ba d.f,;tciv ,scertoiraJ =
rortion II la, of he snrnIn, reyenuo,
HI, H. vi>aI, arnlinl n ~. ionr rnoIectnd
AIN nf r.habi,ith,,nr our nation and nro-
,;Iir,, cn,,t L.f4nr.s for ,h,. nrotcrtion Of
n,. b1rbnr, TINS j. = matter to which |
sb,u ,r,ir ol,er,
Immediately associated with the imam
cial subject just discussed, Is the important
question what legislation Is needed regard
rS tne national cuIfeHcN
The aggregate am2"ni ot bonds now on
deposit N me Treasury, 20 support ine
naIIona! bank circulation. IS about S3'O'-
o0oooD. Nearly S2oo,ooo,Ooo OF tins amount
consists OF three per cents which, as already
stated, are payable at the pleasure OF the
Government, and are likely 70 hr called IN
within less than four years, unless meantime,
the surplus revenue shall he diminished
The probable effect OF such an extensive re-
tlrement OF the securities when are me
basis OF the national bank cifcuiation' would
he such contraction oI the Nolu'he q the