The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1884-12-02
Secretary McCnlInch.s RAM.

WASHINGTON CITY, Dec 2.-Tbo
of Mr. McCulloeh, the secretary of ppurt
treasury, presented to congress MonSSaath e
elengthy, exhaustive, and able state I AL IA
lie estimates the receipts for +bo .
year ending June 80, 1886 at s Iisgsl
0O0,oo tThe estimates of expenditures. nv r,o
oy the various departments for the snr,'
period are s525, 9ll $50. These figures III al
secretary considers eXtravagant Accorln,9'
to his Judgment the surplus revenues 81, Ing
will aggregate S39, 100000. ioi 1851
The tariff, Mr. McCulloch savs hoe To-,
itself upon his attention as the slsbsd ,uiteu
question How" he asks, shall the ,ons
try be relieved from the plethora If r oouL
faetured goods, and how shall plethora hol''
after be prevented! 1t is obyions thet
our power to produce is m vIdt
in excess of the present -l''n
any probable future demanl r ol
home consumption. The existing iron n W
ton, and WOODEN mills, if EMPLOYER at tbei,
full capacity, could meet in six month
perhaps Ill shorter tlme-the home ia
mand for year. 1t is certain, tbaraf,r
Iilat unless markets now practically closed
against us are opened; unless we can sbnra
in the trade which is monopolilad 1'i'i h,,
European nations, the depression now
severely felt will continua All
may become more disastrous He pr,ta'
the appointment of a commission comnossJ
| OF members of the lower house Llnrtrina
rians to be excluded to investigate and ra
port upon the best means Of RELIEVING ~.
home market. He favors the adn'isstl,'
free Of duty OF raw materials usel IN mann
facture, and radical reducti n of dutias
on articles used or consumed by those best
able to bear the burden of taxation
no tRv nh. ~ AZ
says, could not be repealed without a disra.
gard of public sentiment, nor without cr ,aaV
ing necessity for higher duties upon i'm
ported goods, but while this Is trne
the tax upon the alcohol used in
| manufacturing might be removed
| with decided benefit to home indus.
| try and foreign trade 4 1t is sug-
| gested, therefore, that provision be made for
the use of domestic methylated spirits freq
| OF tax, as measure tending to encourage
manufactures, both for home use and for
expectation
Our merchant marine receives Considera
bic attention at the hants Of the secretary
"The Illuminating fact stares us in the face
he says, that while the United States not
many years ago led all the nations in shin.
building, and was second only to Great Brit
ain i'll ocean tonnage, it has almost ceased IA
be recognized as a maritime power: tint
nearly all of our agricultural productions and
manufactured goods which find market in
Europe or South America and the articles
received in exchange for them are carried in
foreign ships; that the many Thousands
OF Americans who annually visit Euryp,
on business or for pleasure go and come
in European steamers; that large for
eign steamship lines are, in fact. SUD.
ported by the people Of the United States
All this is not only humiliating to our IA
tional pride tut it stands in the way Of i'm
rr0velneut on oar foreign trade" In urier
TO build up the shipping interest Mr.
McCuloah favors the abrogation of la.
laws, the granting of subsidies in tn
form Of liberal appropriations for the tran,
portation Of the mails, and the adm sion
duty free, OF materials used III the Constrn.
ton of vessels
Several pages cf The reports are Ioy lied
Lo uaiion's finances. The immeliate ,u-
pension of the coiua1' If silver /, iegen,