Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1885-12-11
FINANCES.

I'm regards to finances he says: "The
report OF the secretary of the treasury
fully exhibits the condition of the public
finances, and of the several branches of
the government connected with his de
partment The suggestions of the sec
re;ary relating to the practical operations
of this important department. and his
recommendations in the direction of
simpliticatiOn and economy. particularly
of the work of collecting customs and
duties. are specially urged upon the
attention of congress. The receipts
from all sources for the fiscal year ended
June 3O.lSS5, We're S,,a,...22 $50. 7O6.3S. OF
this sum Slsl. HI .139.34 was received
internal revenue. The total receipts as
given above were S2l, 81. 1851 less than
those for the year ending June 20. 1854.
This dIlnl,lllon embraces IL falling off
of Sl3, 80; 900 II llrecelpts from customs
and S9.GS7 1861 in receipts from inter
nal revenues. The total ordinary ex-
pendltures OF the government for the
fiscal wear We're S2HO,226 ,J35. leaving Il
surplus in the treasury at the close of
the previous year. The expenditures
are classified as follows: For civil ex-
penses S2234 .s226 9ls! 1; foreign intercourse
S5.!39. .6O9.11; for Indians, :S6l2 494 6}:
for ei.Sioms. S5G. ~. .5G7. 4"; for military,
including river and harbor improve
merits and arsenalS, Sl2,67O, ,57S,!7: for
the navy. including vessels, machinery.
and Improvements OF navy yards. Sl6.-
O2l .U7J 69:for interest on the public debt,
-. IL, 4 "A
umba. SO, 1873. G5O.9l; for miscellaneous
and collecting the revenue, !5:14. 73S. Oh
81. Tie amount paid on the public
debt during the fiscal year ended June
80 1850 was So g93; 30. 30 - and there has
been paid since that day and up to
November !. 1885 the sum of S369, 1873.
leaving the amount uf the debt at the
last named date ST .514, 475, ,S6O.l7. There
was. however. at that time in the treas
ury applicable to the general purposes
OF the government. Sij6, S! 3..3922.33S. The
total receipts for the current fiscal y ar,
ending Jul.e 30. 1856. ascertained to Oct
ober 1st 1850. and estimated for the
remainder OF the year, S3l5, ,UOO, GOO. The
expenditures, ascertained and estimated
for the same year. are S22445, ,0OO, 600. leav-
ing a surplus at the close estimated at
CJ.UDV.CUO. lut ttlluC vi ChlOIlS llOIll
tlleCnited States to foreign countries the
past year We're: Domestic merchandise.
Sl5.5O6, sos, gold. SS.4T. 1872; silver, S33,
7553 .6333: total S7s4. .42I $50.
BELIEVES IN PROTECTION.
lie recommends that the revenues
from customs be reduced. ThaL this
does not involve the question of free
trade.
I'VE should deal with he subject in such
manner as TO protect the interests of American
inbor which is The capital OF our working men.
Its stability and proper remuneration furnish the
most justable prctrXt for protective policy.
Within the limitations ascertan"d. u reduction
should be made our customs revrnu". The
amount of such reduction huvI been determined
the inquiry follows. where they be b Il rrme-
died. and what articles can best be released from
duty in he interests of the cit!Zena:
The important necessaries'' OF life
should be taxed lightly.
SILVER COINAGE
The circulation Of the national banks
is not as large as permitted by law. and
instead of continuing to coin 2.O0O. 900
silver dollars each month. as has been
done since 1878, the circulating mcdiula