Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-12-02

------ - - 40fs0soS140- a
there vss ! net desrssss a. o. SsI ~
100000 IN shs ano1nt of expend;tsres.
The aQerseaas reesipes vsr. - fhsr
thoss of the wear urevious IS akn~@
y5f.OQ0. The falline Oh 81 rsveone
for c1etoms u&de mp nsariy eDI000 O0O
Of tins dezicisncy. and about f8O00. .o0
81 tne remainder was doe 10 she dimin-
tsned recsipks from internal tGxation.
TIE 1ecfetary estimates the total ~
cezpks Tor the f,cal year, which Win end
sune -, lco5s at $3300O0.O00, and fhe
total expen 1ienres at $90.6D,X6-I6. IN
vnich are tncluded the interest on fbs
oeof ana the amount payable 10 the
SINKING fund- This world teavs q sur
pins Tor t1e entire year Of about &39..
g4oU The value Of exports frou tie
United States 70 foreign countries dur
inR the year endin4 June 80. 1884. wa
g follows Domestic merchaudiss.
tIx4.964. .B52; foreign merohandiss, &l5.-
90, ,55I; total merehRndise, t7xO,5l3.6u9:
specie ~, ,l28 y63; total exports of
meronandise and spscie, SaO7 60. $40.
Inc cotton and cotton uanufaokurea.
inclnded in this statement. were vaIue6
at So, so, AIS; the breadstufs q si62.-
% ,SI5, the provisions at f1l<.4l6.5f7:
and the mineral oils ut S47.108.7lS.
During the Same period the imports
were - foliovs: Merchandise t667.697.-
698; gold and silver $137. 49,, ,262; total.
so, 1885. More than s. per cent. OF
the entire value Of imported merchan-
diss consisted Of the following articles:
SngAF and molassee, Sl08,8al,274; wool
and voolen manufactures, $S3.5l2. go:
SILK and lts manufacture, tl9,9l9 l28:
oodee, $49.bS8. .706; iron and steel and
the manufactures thereof, SA, GA, $50.
chemicals, 338. .464. .965; dax, hemp. iute
and like substances. and the manufnc-
tnres thereof. t33. .46s. .396; cotton and
manufactures Of cotton, go, ,l5l. .l76;
nIdes and skins. other than far skins.
f22350, ,906.
! concur with the Secretary Of the
Treasury IN recommending the imme-
diate suspe usion Of the coinage Of silver
dollars and the issue Of silyer certif-
casee- This 10 matter 20 which In
former concentrations I have more
taan once invited the attention Of the
National Legislature. Il appears that
annually for the past six pears there
nave been coined. in compliance with
the requirements Of the Act Of Fsbru-
ary q, lSIo, more than 100000 silver
dsiiars. The number now outstanding
g reported BY the Secretary 20 bs nearly
tOOO0,OO0, or leB than % per cent, are
In actual circulation. The mere exist
ence OF this fact seems to me TO furnish
Of itself cogent argument for the re-
peal OF the statute which has made such
fact possible; but there are other
and Rravef considerations that tend in
the same direction. The Secretary
avows his conviction that unIess this
coinage and the issuance of silver eer-
tificates be suppressed, silver will ct no
distant day become our sole metallic |
standard. The commercial disturbances
and the impairment Of National credit |
that would be thus ocoasioned, can
scareely be overestimated. I hope that |
the Secretary's- suggestions respecting
the Withdrawal OF she one dollar and
two dollar notes will receive your ap-
proval. IL is likely that considerable |
portion OF the silver nov encumberinQ
the vaults of the Treasury might thus
ind its way into the currency.
Willie trade dollars have ceased. for |
the present ct least. to be an element |
OF sctive disturbance in our carrency
system, some provision should be |
made for their surrender to she |
Government. In view of the cir |
cumstanoes under which they were |
coined, and Of the fact that they |
have never had legal tender quality. |
There should be offered for them only Q |
slight advance over their bullion value. |
fhe Secretary, in the conrse of his re-
port considers the propriety Of beautify- |
ing the designs OF our subsidiary silver |
coins. and of so increasing their weight |
that they may bear their due ratio Of the |
value Of the standard dollars. His con-
clusions IN this regard are cordially ap. |
proved.
In my annual message of 1882 re-
the abolition of all excise |
taxes except those relating to distilled |
spirits. This Recommendation is now |
renewed. In case these taxes shall be |
the revenue that will still re- |
main to the government will, in my |
opinion, not only suffice 20 meet its rea- |
sonable expenditures, bat will afford a
surplus large enough to permit soch Ia |
rim reduction rs may seem to be advis- |
able when the results of recent revenue |
laws and commercial treaties shall have |
sh 1wn in what quarters these reductioHs |
CoaeiEdsd on third pags.l