New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-12-05

THE TREASURY SURPLUS.
that there is likely To be continuing surplus III tho
Treasury over the ordinary expenses OF the Govern
mont so long at the present revenue laws rehhh Is
soon nv those attentive to fiscal affairs This mas caied
ont propositions for the disposal oil surplus VI I'lo
moneys; two Of which may be noticed. one L. 'n"o
the surplus be parcelled out among the sta'esoi mo
I-n,on This though it has been ingeniousy argued
b, not 80 approyed itself the common sense OF tho
oore rs now 70 call for elaborate statement OF lea-
sons why should not be adopted lne Pt' ilS nm,
shrewd enough to see. that debtor oWlg i s,,I'
mon interest which he must pay az snort lhIen"l;
and some OF the principal OF wmei nc may iiI i not
Whenever he plcases aud thus save interest,"
He drened good manager OF Affairs, II ne slOuWt SlSo
away, or loan terms yielding no income uu bih nod
luck or prudent conduct had put IN ms ha1, w. o
tinush SO much he could OF the dept aS'.s. h
And the United states has such mealr aha oS Ir'
debts IL over billion a,t ,,tion A. nav
witch is running upon interest IL mas INC oPion r.
over three millions OF tue dent %heReafr ,tJ an sort
must pay the interest on the pihcPu ni o,,,, MN,
intervals n is not good sense, nor Is IL common piu
dnce 10 give away or loan its means instead oil tSnS
them TO pay the debts against II, WINE, Deea ~ "a
abundant prosperity, IL Is easy 20 40 ~. - -,
noIic which is tie United states in the course th Is
ppToposed surplus is In hand No way TO use !. ~
VII so directly and unerringly rs WIFE 10 ply GU
and take up that debt. IL admits OF no doubt , ' r
the people Of the Union are wen s.FnSu .
money so paid to rebound TO their lasting auN ,
The ground upon which the proposition Is Dan -,
mainly that OF the g9o9 70 DC uOg h VI nane straits
and diiculties whereby there may DE ore .n5ly ~,
Siate governments enterprises purely domestic lhls
Department may not now, make lengthy S ~, "
his tonic I'm this feature Of it, In the Judgment .nis
Denartment IL is not legitimate function o. the reg
araI Government TO raise money by taxation 70 1e
donated 10 the states, to thus use money Mieauy
ased i'm THAT way Nor is this uttered In ignorance OF
foryenlness OF what men OF might IN tue AFFAIRS gnu
concls of the Union have heretofore done ana siIu Oh
this subject 1t is TO be borne IN mEd that iney Son9
and acted upon existing surplus not heedeu Ior any
nbo use then sanctioned by law; not upon plOspsc
hive one 10 be avoided by egsation and IN view Vi %
tenptatOn which that idle money, incapable OF .Wius
se under any existing law, held out for the Droach oh
new and I'm their Judgment mwarranted, perhaps ihi
nroyideut Governmental enterprises. -, III.
II is perhaps, enough for the present that tDo
debt OF the Union take up all surplus no" eS'iHe'
or likely to arise for four years TO come
DISTRIBUTION UNDER THE ACT OF 1886.
Another proposition is of payment from the surplus
70 certain OF the States which have not had their tu
nroporton OF money under the Distribution Act OF 1885
This comes with dignity Of presentation, inasmuch a.
two powerful States Of the Union, Virginia. ana Arkan
sas have seriously asked for such payment, making
formal demand therefor. BY the terms OF that acI IN
money In tho Treasury January i, 1887, over US
sum of five millions of dollars reserved was to De depos
tied with such the States would receive on IA
conditions specified One OF the conditlons was ta ~
STATE should pledge Its faith FOR the safe VI ~
moneys Deposited and repayment when re9uiea "a ~