Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1884-12-03

office t4SEhich salary ia attached. ! suggest |
the pfv( pt with the advice and consent Of the |
senate. n h from time to time the diplomatic |
grade X representatives OF this government |
ing al lssiy nads. however. q now for the
alnounts1f salary attached to the respective sta
tions. as
s 41TE FINANcEs
GENERALLY SATISFACTORY CONDITION.
The condition of our finances and the OPERA
ton of the various branches of the public SER
vice which are connected with the treasury de- |
partment are very fully discussed in the report
of the secretary of the treasury Ii appears that
the ordinary revenues for the fiscal year ended |
June 80, 1881 were:
From customs. s.................$1 $1a5, ,081, ,4S9 10
From internal revenue. .......... III .5s6,W2 50
From all other sources ......... 81. 800, ,3U 65
Total ordinary revenues .ssis, ,5l9, ,569 SO |
The, public expenditures during the same
For civil expenditures $22 si2 97 II
For foreign intercourse. 26o, 16a 81
ror INDIANS ..'............... o!to,SsS ~
For military establishment, includ-
ing. river and harbor improvements
For the naval establishment, inciud-
ing vessels. machinery and i'm
provements at the navy yards. =. 2q2, COL Al
For miscellaneous expenditures. in
Guiding public buildings. light
houses and collecting the revenue. 43,939, ITO %
For expenditures on account OF the
district of Columbia. .............. 34M ,0t9 81
For interest on the public debit. 5i57S,3le "
For the sinking fund ............ 4879O,229 50
Total ordinary expenditures. 29O 9lB, 4s3 "
Leaving surplus of ......... S57 COS, 1893 %
As compared with the preceding fiscal year,
there was net decrease of over S2l ,00,0OO in
the amount of the expenditures. The aggregate
receipts less than those of the year previous,
by about S54, ,000,0n. The falling off of revenues
from customs made up nearly s2o9o,ooo of this
was due to the diminished receipts from internal
taxation. The secretary estimates the total
receipts for the fiscal year, which will end June
80. 1885, at Ss3o, 100000. and the total expendi-
tures ut S2tU630 2Ol 10, in which is included the
interest on the debt and the amount payable to
the sinking fund This would leave surplus
for the entire year of about S39,OOOOD.
THE VALUE OF EXPORTS
for the United States to foreign countries dnring
the year ending June 80, 1884, was as follows
Domestic merchandise ............ S72t 9l. $50
Foreign merchandise. ................ l5,54s,157
Total merchandise ............... 740.5l3,509
Specie, s67,lss.sss
Total exports of merchandise and
spscle. .......,... .".....-.......c. U',oio,TSz
The cotton and cotton manufacture. included
in this statement were valued at $2S 900, AIS the
breadstus at $G2 57 ,I15 the provisions at $1l4,-
Al6.5i7 and the mineral oil at S47, ,103,7is.
During the same period the imports were as
follows.
Merchandise. 1857 ,601 .693
Gold and silver. Observation-Disclosures. 37,426, 262
Total. l.......... ..................S S705 1913 ,955
More than 63 per cent. of the entire value of
imported merchandise consists of the following
articles:
Wool and wooen manufactures. 5s.s42.2s2
Six and It's manufactures. 49,9l9 I2s
Iron and steel and manufactures '''1'
Chemicals, SS,464, 1855
and manufactures thereof. ...... SO, 3,i63, ,S9a
Cotton and manufactures of cotton. S0.45t,476
Hides and skins other than fur skins. z2,35o,S6
/ concur with the secretary of the treasury In
recommending the Immediate
SUSPENSION OF THE COINAGE OF SILVER
DOLLARS
and the issue Of silver certificates. This is a
matter to which in former communications
have more than once invoked the attention of
the national legislature 1t appears that an
hually for the past sir years there have been
the act Of February %, 1878, more than "a ,0O.0
silver dollars. The number now outstanding is
reported by the secretary to be nearly ls5 oD,o,
whereof but little more than 100000, or less
than y per cent, are in actual circulation. The
mere existence of this fact seems to me to fur
the OF s pe
sible, but there are other and graver considera-
tions that tend in the same direction. The Soc
coinage and the issuance of silver certificates be
suspended. silver is likely at no distant day to
become onr sole metallic standard. The COM
mercial disturbance and the impairment of the
national credit that would be thus occasioned
| can scarcely be over-estimated. / hope that the
secretary's suggestions respecting the Withdrawal
from circulation OF the one dollar and two dollar
| notes will receive. your approval. 1t Is likely
| that considerable portion of tho silver now
| encumberng the vaults OF the treasury might
thus tind its way into the currency. While
/ TRADE DOLLARS
have ceased for the present at least to be ele-
ment of active disturbance in our currency system
| some provision should be made for their surren-
der to the government; In view Of the. cir
and Of the fact that they have never had a
legal tender quality, there should be offered for
them only slight advance over their bullion
| value.
The secretary, in the course of his report. con-
siders the propriety of identifying the designs Of
our subsidiary silver coins, and of so increasing
! of value Of the standard dollars. His conciu-
sions in this regard are cordially approved.
| In my annual message Of 1882 recommended
| the
| ABOLITION OF ALL EXCISE TAXES
except those relating to distilled spirits. This
| taxes shall he abolished the revenue that will
still remain to the government will. in my opin-
ion, not only suffice to meet its reasonable ex-
pendiihures but will afford , surplus largo
| seem to be advisable when the results of the re-
| cent revenue laws and commercial treaties shall
have shown in what quarters these reductions
can be most judiciously effected. One of
| THE GRAvEsr OF THE PROBLEMS
which appeal to tho wisdom Of congress
Of the most effective means q ! in.
Se Which
are now languishing. The secretary of the
! treasury advises that the duty OF investigating
| this subject be entrusted in the first instance
to competent commission. While fully rocog-
nizing the considerations that may be urged
against this course, am nevertheless Of tho
| likely to effect speedier better results.
| That portion Of the secretary's report which
! concerns
THE CONDITION OF OUR SHIPPING
/ interests cannot fail to command your attention.
| He emphatically recommends that rs an incen-
| tive to the Investment of American capital in
| American steamships, the government shall be
1 libernl in its payments for mail transportation
ancs to individual enterprises: declares his
belief that il that be not pursued our for
eign carrying trade must remain as it is to-day,
| almost exclusively in the hands Of foreigners.
| One phase of this subject is now especially prom
inent in view of the repeal Of the act of June 25
1891, OF all salutaEy provisions arbitrarily CON-
| pelling American vessels to carry the mails to
and from the United States, ns it is necessary to
| make provisions to compensate the owners Of
1885, 4 III RRepa a the ~saa Subject
will receive the early consideration that will lead
| to the enactment OF such measures for the re-
newal of our merchant marine as the wisdom Of
| congress may devise.
| BOND TRANSACTIONS.
| The per cent. bonds Of the government to the
amount OF more than SlO0D0,OOU have since my
| last annual message been redeemed by tho treas
| ury. The bonds OF that issue still outstanding
| amount tn a little over $D0,O0,0O. about ono.
| fourth Of which will be retired through the
! operations Of the sinking fund act during the
/ coming ycars. Az these bonds continue the chiei
| tsAels far
!! the question Of how to avert the contraction ol
the currency caused By their retirement is one oi
constantly increasing importance. 1t seems tu
/ this matter exacts from the banks excessive
| security,. and that upon their present bond de
i posits larger circulation than n now allowet
| saAy he granted with safety. hope that the bill
4 which passed the senate at the last session por
mitfinR tho iHea Of nQtee aonal to the lacN Yaluy