Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1884-12-11

CRAZE OF the REPRESENTATIVES, OF Iuih govern
ment abroad, as may seem advisable; pro-
vision being definitely made, however, as
now, for the amount OF salary attached TO
the respective stations
FINANCIAL.
THE s~ECHErARY's REPORT.
The condition OF our finances n the
operations of the various branches of the
public service which are connected with the
treasury department are very fully dis
eussed in the report of the secretary. II APP
pears that the ordinary revenue for the fiscal
year ended June 80, 1884, were:
From customs. ...a....- 20
From internal revenue. ..,...., ~ ,5S6,O72 81
From all other sources. -. 3l,S66,3O7 Go
Total ordinary revenues ..s34s,5la,s 500 90
The public expenditures during the same
period were:
For civil expenses .............. $22.3i2, 907 II
For foreign intercourse. ...,......., l26AIGG 81
For b'49,g5J ~
For the military establishments,
including river and harbor i'm
pr0vements aud arsenals. ........ 1914 eos 36
For The naval establishments, in
Guiding vessels, machinery and
improvements At navy yards -. l~7.292,eOl 40
For miscellaneous Xpenditures,tn-
Guiding public buildings, light
houses and collecting the revenue Gs,9so. TO 90
For expenditures on account Of the
District Of Columbia ........... S,4O7, 049 CO
For interest on the public debit. a67S,57s t8
For the sinking mnd............... 46,79o.229 so
Total ordinary expenditures s2an9iG4s3 SO
Leaving a surplus ofS57. sos, 3g6, % Az CON-
pared with the preceding fiscal year there
was a net decrease of over ST.. 600, 600 in
the amount or expenditures The aggregate
receipts were less than those Of the year
previous by about$ 74, 600. COO. The falling
Of Of revenue from customs made up nearly
$4,000. 900 OF the deficiency, and about
S23 900, 900 Of the remainder was due to
the diminished receipts from internal taxa
ton. The secretary stimste the total re-
ceipts for the fiscal year, which wtllend June
80, 1885, at $3.50, 900, 600, and the total
expenditures at $500, 500, POI, in which are
included the interest on debt and amount
payable 70 the sinking fund. This would
leave q surplus for the entire year OF about
S39.0O0,oOa The value OF, exports from
the United States 20 foreign countries during
the year ending June 80, 1884, was as
follows:
Domestic merchandise. ...........S7249RLs52
Foreign merchandlse......""..... l5,S4s.757
Total merchandise ....... .S740,5l3,GOs
S6hl3S,3s3
Total exports OF merchandise and
The cotton and cotton manufacturer in
cluded In this statement were valued at
sos, 000,4l5. the breadstuffs at Sl62, 544,-
7l5. the provisions at $ll4,416, SAT and the
LuthcialA az pt1.lbo.Zio. During Tue Same
period the imports We're as follows;
Merchandise. .$J69,697,6 93
uoid and siFer...."'...-'....... 3E42O,262
Otal-... STOO, l2a9D5
More than 90 per cent Of the entire value
Of imported merchandise consisted of the
following articles:
Sugar and molasses. ..... sos, BsI, 2T4
Wool and wooden manufactures 49,. 6S,bi2,29l
SIX and It's manufactures -,-........ 49,099,12 rs
HniN - - INK
Iron and steel and manufactures
thelfsI = 4l.g64,6g9
Flax. hemp. iutc and like substances
and manufactures thereof. .......... Sa,g63,39s
Cotton and manufactures OF cotton. 3Q,45t,47s
Hides and skins other than fur skins. 22S50,906
SILVER DOLLARS
ono with the secretary of the treasury
in recommending the immediate suspension
of coinage OF silver dollars and, OF the issu-
ance OF silver certificates, and this il a mat
ter TO which, in former communications, I
have more than once invoked the attention
Of the national Legislature. 1t appears that
annually for the past six years there have
been coined, in compliance with the acc OF
Feb. %, 1878, more than twenty-seYen mil
lion silver dollars, and the number outstand-
ing Is reported by the secretary TO be nearly
one hundred and eighty-hve million, whereof
but little more than forty million, or less
than ~ per cent, are in actual circulation.
The mere existence of this fact seems 70
me to furnish 81 itself a cogent argument
for the repeal OF the statute which has made
such a fact possible, But there are other
and graver considerations that tend in the
same direction The secretary ayows his
conviction that unless this coinage and
the issuance Of silver certificates be
suspended, silver is likely at no
distant day TO become our sole metallic
standard The commercial disturbance
and the impairment OF the natioual credit
that tynt,1n ha thus ancausnnaI can a,ar.aV.
be oyerestinatsd / hope hat the secretary's
suggestions respecting the withdrawal from
circulation Of tho 81 and 81 notes Will re-
cetve your approval It is likely that a con-
siderable portion Of tho silver now incum-
bering the vaults in the treasury might thus
ind its way into the currency. While trade
dollars have ceased, for the present at least,
To be an element OF active disturbance in our
currency system, some provision shOuld be
made for their surrender 10 the government
In view of the circumstances under which
they were coined, and OF the fact that they
have never had a legal lender quality. there
should be offered for them only a slight ad-
vance on their bullion value The secretary,
In the course Of has report, considers the
propriety of b~eautfying the designs OF our
subsidiary silver coins, and Of so Increasing
their weight that they may bear due ratios
OF value OF the standard dollar. His conc u
SONS In this regard are cordially approved
TAXATION.
In nv annual message Of 5S82 I recon-
msaded the abolition OF all excise taxes ex-
ceIst those relating TO distilled spirits This
recommendation Is now renewed In case
these taxes shall be abolished the ues
that will still repnotn TO the government will,
IN my opinion, not only suffice TO meet lis
reasonable expenditures, but will afford a
surplus large enough 10 permit such tantf re-
duction as may seem 20 be advisable when
the results of the recent revenue laws and
commercial treaties shall have shown in
what quarters these reductions can be most
l~udieionsly effected 0ne of the gravest OF
the problems which appeal 10 the wisdom Of
congress for solution Is the as~ceTtainment Of
the most effective means Of increasing our
foreign trade, and thus relieving the depres-
sion IN which our industries are now Ian
gushing. The secretary OF the treas
ury advises that the duty 81 in
~yesttgsting this subject DO entrusted