River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1885-12-10
THE FINANCES.
A Surplus of Nearly s25. 100000 for
the Fiscal Year.


the Fiscal Year.
The report of the SECRETARY of the treasury
fully exhibits the condition of the public
finances and of the several branches of gov
eminent connected with his department. The
suggestions of the secretary relating TO prac-
teal operations of this important department
and his recommendations in the direction of
simplifcation and economy, particularly of
the work of collecting custom duties, are es-
pecially urged upon the attention OF con-
greSS.
The ordinary receipts fran all sources for
the fiscal year ended June 80, 1855, were
S322. 800 1868 OF tins sum $lS1, All, 939. "a
was received from customs and SIZE
498. 725.54 from internal revenue. The
total receipts as given above were
S24 S29 1913 81 less than those for the year end
ing June 80 1854 This dininutfon embraces
falling Off of SIS, 595, $50 AZ in the receipts
from customs, and Ss,GS7, 1861 in the re-
ceipts from internal revenue. The total Or
binary expenditures of tle government for
the fiscal year were $3.50, 226,9 35, leaving a
surplus in the treasury at the close of the
year of S63 463 III ~. This is $40, 929, 854.32
less than
THE SURPLUS REPORTED
at the close of the previous year. The ex-
peudiJures are classified us follows: For civil
expenses SIS. S26, g42 IL; for foreign inter-
course S5,+3a, 500 IL; for Indians, S6,55&,-
494 .63; for pensions, Sj6,l02,26I49; for the
Y,
meuts and arsenals, $42670, 51S.47; for the
navy, including vessels, machinery and i'm
proVements of navy yards, $t6.02l.O19. 90;
for the interest in the public departments.
S51, 1886, 256.4T; for the District OF Columbia,
So, 499, $50. 90; for miscellaneous expenditures,
including public buildings, lighthouses and
collecting the revenue, S54, ,O54 81. The
amount paid on the public debt during the
fiscal year ended June 30 1885, was t5.993,-
235 A. and there has been paid since that
80 Nov / a l.
S28 leaving the amount of the debt at the
last named date 81. 4475, 8G0.47. There was,
however, at that time in the treasury appli-
cable to the general purposes of the govern
ment the sum of $66 Sl8,292 IS.
THE TOTAL RECEIPTS
for the current fiscal year, ending June 80,
1856. ascertAined to Oct. l, 1855, and esti-
mated for the remainder of the year, are
S3I5. 600. 900: the expenditures ascertained
and estimated for the same is $245 100000,
leaving a surplus at the close OF the year
estimated at $90,000000. The value of I'M
ports from the United states to foreign coun-
tries during the last fiscal year was
as follows: Domestic merchandise, $726,-
$50, $40; foreign merchandise, $16,506,809;
gold, Ss,457,s92; silver $50 153. e33;
total 1854, $50. Some of the principal
exports. with their values and the percentage
they respectively bear to the total exporta-
ton, are given as follows;
Articles. Naiue' centage
Cotton and cotton manu- 90
features. ........ 1850. e~4o' 'S"'Vf0 ~''&~
Manufactures bread 80 -
proyisions. I07,332,456 14.77
Oils, mineral, vegetable
and animal. .....,..... o4,o%o'~o@ 40
Tobacco and its manulac- . ,
lures. ..........-...' %f'i"''oV' "A
Wood and its manutae-
lures. ...........-sss %l'4of'o~S S,SD
Our imports during the year were as Loi-
lows. Merchandise, 500. $50, 053.s0 gold,
s96 Bgl. 1876: silver Sl6,30u,621; total, S6ZZ'-
S22 336 80 The following are gwen as
prominent articles of Imports during tue
wear. with their values and the percentage
they bear to the total importation:
Artieles Value. centage
Sugar and molasses.. .S16, I3o, 10 10 ~
S11,tfsa .... 6.725,3l8 sos
Wool and its mauufac-
lures. ............-..'.. 44'ooo'+o@ . 20
Silk and it's manufactures 4u,39o,0US o'ss
Chemicals, syrup and med
icines .........-........ oo,V'V'e1o Wv
Iron and steel and their
manufactures. ......... Si,563,6s9 OBS
Flax hemp. iute and their
manufactures. ..--...+. o%,o54,ela o.o'
Cotton and its manutac-
ures...........- 49,. %o'Ao~'VVi s'o
Hides and skius other thah
fur SKINS. zV'9oo,4fo 90
OF the entire amount of duties collected ~
nor cent was collected from the following
articles Of import: Sugar and lnolasses ~
wool AMI its manufactures :, iron
and steel and their manufactures
cotton and It's manufactures 9,
aax. hemp and jute and their manufacturers ..
The fact that our revenues are in excess or
the actual needs of the government 5usunes
q reduction in the amount
ExACrEp FROM THE PEOPLE
FIR IFS support. our government is but the
means established by the viii of free peo-
ME. by which certain principles are apphed,
which they have adopted for their benefit and
proteetion. and It is never better administered
vr,an the ueoDle's taxation for its support is
ser,,nnlo,1slv limited to the actual necessity
OF ernenditure, and distributed according 10