The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1888-12-19
THE TREASURY REPORT.
Secretary Fairchild on Matters
Relating to His Department.
a Years Receipts and Expendi'
lures of the Government.

The Secretary Of the Treasury has made
public his annual report The total re.
ceipts of the Government for the fiscal year
of 1888 were sS79, ,266, ,O74.76, and the total
expenditures were S259. .653, ,95S.67, leaving a
surplus Of S119G12. 11GO9. As compared
with the fiscal year Of 1887, the receipts for
1883 have increased 81 ST., ,79z 10. There was
an increase In the ordinary expenditures of
s8,27s, ,22l.30. For the present fiscal year
1850 the revenues, actual and estimated,
are S31T. o., 600; total expenditures for the
same period, actual and estimated, are S2I3,
000, ,0UO; estimated surplus applicable to the
purchase Of bonds, slO4, 10000
The accumulated surplus on September
%, 1858. was $96, ~, ,S45S4; the surplus
revenues from that date to June So 1889, as
estimated, are SIS, ,S65, ,2OS.25, making the
total accumulation on June 30, 1859, which
could be used in the purchase o. bonds, $17l,-
$40, ,U54. On; however, between said September
20 and November g, s44. 399, ,5O9.50 has besn
paid for bonds; consequently il no more
bonds were bought between now and June
80 next the surplus would then amount to
$l27,C00,0 900.
About slss, 100000 of the four and a-lalf
per cent. bonds are now outstanding; they
are payable September l. 1891.
The Secretary Of the Treasury goes on to
recommendation Of last year to reduce taxa
ton as far as possible, without too sudden
dis urbance Of existing interests.
During 1857 the vnlus of our foreign ex-
ports was S7l6, 1921; during 1883, $685.
95i, ,507. In 1887 the imports amounted to
s692, ,3l9, 1853: in 1888 they were .S7S3 ,957, a.
The excess of exports during 1887 was s23,
was $2S, 003 ,607. The total value Of tho i'm
ports and exports OF the last fiscal year,
when compared with that of the fiscal year
1887, shows an increase Of Sc, 1923
The total number of alien passengers
coming into the United States by steam or
sailing vessels, from foreign countries other
than Canada and Mexico; during the year
ending June 80, 1899. was 567,5ln, OF VIII ch
number 20,62l were tourists or aliens not in
tending to remaia in the United States.
The total receipts from objects or internal
revenue for 1888 are $l2i,335, 1852; for the
year 1887 they were SllS.S3H, 30l,06 1t ap.
bears that the increase in the collections on
spirits during the last fiscal year was So, 4I6,-
S44 30; on tobacco, s554, ~; on fermented
LIQUORS, ST ,405. .030. ~, and on oleomargarine,
SI40, 19l, 81. There was decrease Of SIS. 81
in the receipts from bank circulation. and of
Sl9,514.6 81 in the collections under repealed
laws. There was also decrease Of S64, ,657..
90 in penalties collected.
The work of the revenue cutters included
the saving Of the lives Of sixty persons, who
were picked ont of the water. The number
of vessels in distress assisted is 526. The
number of lfe-savipg stations in commission
is 2::2 There were during the year All dis.
asters to documented vessels. On board
ttes" were 1868 persons, Of whom S641 were
saved.
mere is net increase. over last year, il
money in circulation Of 100. .045,616. The net
increase of money and bullion held in the
Treasury is S107, l40, ,443 -.
The repor closes with an earnest apes
for tireproof building suitable for the
storage of the files and records Of the several
departments of the. government, and with
information as to expenditures, ETC., in the
District Of Columbia