The Red Cloud chief., 1884-12-12

lie repSsrf OF TIE S~sr~sary tPp~ss -
the ordinary rrscnne. for the b~csA yss'
ended June -. lsS. ~erv from ccssOtn-st1
Gt-s5s: from internal revenue, sElL
s1%si. :ro,n al other -ourcr-. Di~
toss! ordinary revenue, t%s&fs~1E ir.
putic sIp-ndftur-s during the sane P"rod-
Tor civil rEp.n-T.. t.3lsG Il. for for-.sn
intercourse. s1b15@S. for IndlaH. 49,.
~ -: for pensions. tas5-S: :or the
military e.fahh.hmcn, Including rfer AID
hartor improvement. AMI ar>cnaL-. 49,,
o. -: for The naval establishments ibtt~I,
Ing ye,-~l-. maCbinrry and iinprofsrn'nls
navy yards. &1-.cni ~; 10. nt>e.lia.'O
expenditures. including pubhc bai~llhs-
lighthouse and collecting "a" ~
ngc. sS8.ao..io. ICr Ip"ndsilrr. on
GsG.6.s -: fer interest OF on N" pup.
IT, dcbt. 81. s--Es -: for the .hsuhs
fund. tssxs=5G. total Ordinary "Ipcn1'-
tnre.. .-sL.sIa.t.d. leaving = .nTp,u' 81 t.
o.l-Ee. or a. compared with TOE p~'~
lag n-ca! year ihrr. sas n net dSCrta~ "
sslyusIoS IN the amount of ctp~icltare-
The aggregate receipts ser" 49, thhH W..
Of the year previous by about st''Fp.
The falling 90 OF revenue from customs
made up nearly tD.DD $50 Of this d"Ic"ncS'
and about Of 'hs remainder sA' cue
TO the 8 diminished rec.ip- from the -HtrfhA.
taxation. Tn" Secretary estimates u" totaI
{ receipts for IN. n-cal year Hhich "nds on
Z Juu. a. l-x5. Mt tss. Lssi. and the tptE! ch-
I p.nditurc- al $2+DyE5L3iIS Ia which are IN
Guided the interest on the debt and thc
amount payable To the sinking iuni lh4-
you'd leave n surplus for the cnhr" year OF
" about 81 taBttts. The Eatue OF sRipft- it'tn
III. United ~tat~s 10 foreign COuutri's during
{ the year ending June Bah. l%+. va as ioI-
lows: Domestic merchandise. $3.50.
foreign merchandise 49, 10
tai merchandise. S.p5sAnp; .pecle.
81. IB. ~: total exports of mcrchsn'ise and
-pccie. Ssr Oh, Ss. IN. cotton anc cotton
Z manufactures included IN this statement
rcre valued nj s3r. 1.il5: the bread .tuns at
81. ~, rs; The provl,ionH AT STA asa. and
the mineral oil. at <i..ilI.A-. During the
zane period the imports were a. toliow.:
Merchandise. <,S.,at .osi; gold and SILVER.
&E, -. 5G: total. fTb. 1850 Wore tnhn
nInety-thr~e per cent. of the entire value OF
imported merchandise consisted OF the FOL
lowing articles: Sugar and moln--"., tltb-
~ -; wool and wooden manufacture. tpS-
il...1: silk and us manufactures t..%Hlo;
coffee. f<g,6~6. 1Ho: iron and steel and manu-
facture, thereof. Sal .&ol.J9; :. <e4.-
30 ~: faN. hemp. jute and hke stances
and manufactures thereof. 3.+ij,E cotton
and manufacture of cotton. 81 %h.t.o;
hides and skins other than fur skins, g.
Jbj,bB.
SILVER CoISAGE.
concur with the Secretary of the Treasury
I'm recommending the immediate IA p-n-iou
of the coinage OF silver doiiar> and tie issue
of silver certificates. This !. n matter Ia
which. In former communications, ] have
more than once invoked the attention OF
the National Legislature. IL appears that an
nuaily for the past SIX year, thcr" have been
coined, IN compliance" with the Act 81 f-D-
Tuary -. l-1-. more than twenty seven
million silver dollars. The number now OUT
standing il reported by the Secretary To bc
nearly one hundred and elghty-hvc millions.
whereof "A little more than forty millions or
less than twenty-five per cent are In actual
circulation. The mere instance OF This fact
seems to Wc 10 furnish OF Itself a cogcnt ar
gumcnt for the repeal Of the sfatut" which
has made sucl IA fact possible. hut there are
other and graycr consideration, that
tend in the sarne direction. The
that unless the coinage and
the issuance of silver certificates hc sus-
pended, silver i likely nj no distant day To
become our sole metallic standard. The
commercial disturbance aud the impairment
of the National credit that would Ice thus &c
caSiuncd can scarcely bee over estimated. ]
hope that the SccrctarT's suggestions res
p2ctiug the withdrawal from circulation Of
the one dollar and two dollar notes viii ir-
CciVc your approval. II il likely that "A Cou-
siderable portion Of the silver now In In"
vaults of the Treasury might md IL way
-. currency. While trade dollars have
ceased. for the present N least, Ia h.. All elc-
Incuf of active disturbance in our currency
system. SoInc provision should Ice mad" for
their surrender To the Is government. On view
OF the circumstance under which these
were coined, and of the fact that they have
never had II legal tender quality. there
should be- offered for thcIn only a slight al
vance over their bullion value. The Sccre-
tary N tn. course of his report considers the
Of bcautiiying the designs of our
SILVER coins, and Of so Increasing
their weight that they may bear their due
Ritio of value To the standard dollars. His
Conclusions in this regard a.e cordially ap-
proved.
in my annual message OF ~ ] referred Ia
tie abolition of all excise taxes, except those
violating to distilled liquors. That recon-
hondation il now renewed. In ease these
tSAc> shall Ice abolished the revenues that
vdA still remain To the Government will be-.
NY opinion. not only sufficient tn meet its
. caeOnshle * Expenditures. but will afford u
8 lrplus large enough to permit suoh
TtRIYY REDUCTION
oS mAy seem to be ~ yisahic when tho re-
su @ OF recent revenue laws and CONNER
0s eHeaties shall have shown in what quar-
ter tnese reductions can be- most judiciously
o. a0d the gravest OF the problems which
AMP al r. the wi>do-n of Congress for solu-
ton : thc a>ccrtalnncnt of the most effect
i've NLe1ns OF increasing our foreign trade
and 'hus relieving tAe depression under
which our industries are now languishiny.
The s. crefary of the Treasury advises that
the du yof investigating this subject he en-
trustee u She first instance Ia "A competent
COMM sion. While fully Recognizing the
considc -attons that may hc urged against
this cou So ] am nevertheless III the opinion
that UNI q thc whole no other would hc
likely to .l1ct speedicr or bette results.
That p n of the ScCretsry's report
which col cesnS the condition. of he interest
cannot IA % command your affection. He
emphsticalU recommends that ~ an incth-
tive to IN -eStment OF American capital in
American steamships. the Governnsnt shall
by liberal ! agncnts for mail transpsration.
vi OluNT ~ H00lh 4 ~ IN 1
dividual eui erprise. and declares hfs belief
that unless t1a1 course be pursued Ou- for
eign carrying tPade must remain "a 10 !, to-
~day-almost NolusiVely in the hands of COR /
eigners. One phase OF the subject i nov 80
pecially prom. u0nt i'm view of ne repeal "
the act of Juut A1SA. of all s~alutary proyG
ions arbitrarily compeliing American yess.,
TO carry the Z ta11s TO and from the Unite
States. As il A., necessary TO make provfs
ions to ~compensste the owners of such YES.
sells for perfofT iinG that service after Aprii
HI = 10 a. 49, TIM h. N hAf n ~
receive early % 11deration that Will lead 10
the enactment 81 eQch measures for the re-
vival OF our mefc 1ont marine ~ the wisdom
OF Congress mays WE.
The three per CO { bonds OF the Govern
ment To the amour .of more than sl!Up.0S,-
on have since myh : annual been redeemed
sim outstanding . noun to a little over
&aO. on. QUO. about 3 Sefourth OF which will
be retired through tAe operations of the
sinking fund during h eeoming year a these
alton of National Hanka The question Of
how to avert the sCueHaction of the cur
rency caused by thcir rgorement is one OF
It seems to be senera y conceded that the
law governing that moi ter eSacts from the
banks excessive ecur'ty, and that upon
sion t Rsene Is n now on nay te granted
with safety. l hope a q the bill which
passed the Senate At tie lasi session. per
% pa'ss g 'e ass ,. s.so 81 ns' 8, 8 ;ss Yin 70 cd ,nS aaSs
itself 70 the approval Of q louise OF Rep
rescntativeS.
In the expenses Of the We Impairment the
Secretary reports Q decree q more than
19.00I0N. OF which reduc4is t6.6S! was
e6ected in the expenditures - rivers and
harbors, and q, N, 0D I'm expeu9M res for the
Quartermaster's Departures Cutside of
that department. the annus3s Nponses OF all
the army bureaus proper E 80 possibly
the ordnance bureaul N o00e'artially
charges which cannot be upter4ls ditnin-
ished without q change fnftfe numerical
the Quartermasfer's Deparfmo % readily
be subjected to admini>ta0 0bcretion.
and il is reported by the SccQf ifXsOf War
that as q result of exercising s. erection
In reducing the number of dr1n .htAnimsls
in the army. the annual cost ptlyins
n caring for sue animals u ~ yl,lo,.-
0Ns. - less than IL WAS in lSS-
The reports of the military Co. rU4ld"rS
show that the last year has ecuN - for
its entire freedom from Indian tnsQfak>.