The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-12-02
ternal revenue, sl2l $50, or 81; from all
other sources, ssl,st8, sQ7 Us. Total ordl.
revenues, S34S. SIG $50 %. sEF

The public expenditures during tn,
snlne period were: For civil expenses
So, BIZ, 00I II; for foreign intercourse, 81.
200, 700 81 for Indians, S8,475, 100 20; ioI
pensions, SIS, 429, 22s 80; for the militar,
establishment, including river and hat boi
improvenenssand arsenals, $50, 429, COS 80
for the naval establishment, including yes
sells, machinery and improvements a
the navy yard, Sl7, POI, G0l a; fol
miscellaneous expenditures, including
public buildings, lighthouses and
collecting the revenue, SiS, 939, no 90;
Tor expenditures on account Of the Dis
trlct Of Columbia, s3,407, 900 02; for intet,
est on tho public debt, $54,578, 1878 4S; FOL
sinking fund, $iG,7 ,229 90. Total ordi.
nary expenditures, 5000, G,iS3 So, leaving
a surplus Of S57,GO3, 800 O9, As compared
with tho preceding fiscal year there was
n net decrease OF over SCI ,OOO, 900 In the
amount OF expenditures. Tho aggregate
receipts were less tlinn those OF tile year
previous by about S54,000,O 900. Tho fall.
ing OF revenue from customs mado uu
nearly $50, O0,0N OF this deficiency, and
about S23,00O,000 Of tho remainder was
due to the diminished receipts from inter.
nal taxation.
Tho Secretary estimates the total re.
coi.ts for the fiscal year, which will ond
June 20, 1885, at $3.50, OOO,0 0 and tho total
expenditures Mt $500, G20, col 10, in which
SUM arc included the interest on the debt
and the amount payable 10 the sinking
fund. This would make q surplus for the
entire year OF about $50, 900, 900. =
The value OF exports from the United
States to foreign countries for the year
ending June 30, 1854, WAS as follows;
Domestic merchandise, S7o4, Oh, s52; for.
oign, Sl5 ,548.757. Total merchandise,
$740,5l3,GO0. Specie, S67, 1888, 1888. Total
exports Of merchandise and specie, sSO7,.
$4,000.
The cotton and cotton manufactures in.
cluded In this statement wero valued at
SOS, 000, 4l5 ; the breadstuts at Sl82, 544,.
7l5; the provisions at STA, 4l8, 547, and
the mineral oils at S47, lO3, 2lS. During
the same period the imports were Us fol.
lows: Merchandise, S667, G07, COB; gold and
silver, S3f ,42G, 262; total, sos, 1886.
More than 63 percent Of the entire value
Of imported merchandise consisted Of the
following articles: Sugar and molmses,
sl03, SS4,274; ~ool and wooden manufac.
lures, $685. 02; silk and It's manufac.
lures, $40, 040, i23; coffee, $40, 1856, 7O5; iron
and steel and manufactures thereof SILL
464,59O; chemicals, S3S,i04,0G5; FAX,
hemp, jnte or like substances and manu.
factlres thereof $50, 4G3, 3nS; cotton and
manufactures Of cotton, S30,454.476; hides
and skins other than fur skiuS, So, $50, 900.
SILVER COINAGE.
1concur with the Secretary of the Treas-
ury in recommending the immediate sus-
pension Of the coinage Of silver dollars
and Of the issuance Of silver certificates.
This is q matter to which in former COM
munications l have moro than onco in
voked tho attention Of tho National Leg
islature. 1t appears that annually for
the past six years there have1b been coined
in compliance with the uct OF February
2S, ISIS, more thantwcnty-seyen millionsil
Yer dollars. The number o outstanding
is reported by the Secretary to be nearly
SIS. 0O, 900, whereof but little more than
SiO,0W,00O or less than 90 percent arc in
actual circulation. The mere existence OF
this fact seems to me to furnish OF itself II
cogent argument for the repeal Of the
statute which has made such a fact DOS.
sible. But there are other and graver con-
siderations that tend in the same diree-
ton. The Secretary avows 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 National credit that
would be thus occasioned Gun scarcely be
overestimated.
Ihope that the Secrctary's suggestions,
respecting the Withdrawal! Of circulation
OF the one dollar and two dollar notes, will
receive your approval. Its likely that a
considerable portion Of the silver now n
numbering the vaults OF the Treasury
might thus find its way into the currency.
While trade dollars have ceased for the
present, Mt least, 10 bean element OF ac-
tive disturbance in our currency system,
some provision should be made for their
surrender to the Government. In view OF
the circumstances under which they were
coined, and OF the fact that they never
had a legal tender quality. there should
be offered for them only a slight adj
vance v their bullion value.
The Secretary, in the course OF hia re-
port, considers the propriety Of beautify-
ing the designs Of u subsidiary silver
coins, and SO increasing their weight that
they may bear their due ratio Of value to
the standard dollar. His conclusions in
this regard are cordially approved.
ABOLITION OF EXCISE TAXES.
In my annual message Of 1882, l recon-
mended tho abolition oil. all excise taxes
except those relating to distilled spirits.
This recommendation is now renewed.
In case these taxes shall4bc abolished
the revenue that will still remain to the
Government will, in my opinion, not only
suffice to meet its reasonable expendi-
lures, but will afford a surplus large
enough to permit snch tariff reduction as
may be advisable, when the results
OF recent revenue laws and commercial
treaties shall have shown in what quar-
tiers these reductions al be most judic-
iously effected. One OF the gravest Of the
problems which appeals to the wisdom OF
Congress for solution is the ascertainment
OF the most effective means OF increasing
our foreign trade and thus relieving the
depression under which onr industries are
now languishing. The Secretary Of the
Treasury advises that the duty OF ,investi-
eating this subject be intrustel in the first
instance to a competent commission.
While fully recognizing the considera.
tons that may be urged against this
course, l am nevertheless Of tho opinion
that upon the whole no other would be
likely to effect speedisr or better results.
That portion Of tho Secretary's report
which concerns the condition Of our ship
ping interest cannot fail to command your
attention. lie enphatically recommends
that rs an incentive to the investment OF
American capital in American steamships
the Government shall by liberal payments
for mail transportation or otherwise lend
its active assistance 10 individual enter
prise, and declares his belief that unless
~ihatcoursebe pursued our foreign carrying
trade must remain rs it is to-day almost
exclusively in the hands Of foreigners.
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