The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1888-12-08
THE OTTAWA FREE TRADER SATURDAY DECEMBER s. 1885,
taxes The total rcceip

from ~ t.lai .eveaue taxes The total ftccIp.
from oil sources eNcn drd those for the fiscal
year ended June 81, 1887, by S1,Sja79I ~. The
ordinary expenditures u the fiscal year ending
June 80 lsss, were 500 6j3,Bas6t, leaving a
surplus 1f Sll9Gl2. 1909 The decrease IN thci1
expenditure, az compared WITH the fiscal year
ended lunc 80, lsS7. was SNE',esO 30 uutHith
standing payment Of more than SiWDO Tor
pensions Ia excess q what was paid for That
year The revenues Of the government
FOR the year On ling June 3D. 1851 ne e aimed
for N" quarter ,udcl Sept 80 1874 aud c~ti'
mtol forthe remainder of the time, amount 10
Sa, cJppJl. and the aC uu and estimated ord
nary lrud.tur, tor the same year are SO
or %, lra'iu- au estimated surplus ut II lt"-
90 The estimated receipts for tine year Guiding
Juue 3D. 1897 ARE saI,u .ul aud tine ,timtttd
ordinary expenditure, Tor tu' same time are
50. o. 1881, showing a surplus OF S!jI,3!'
5llCG
The foregoing statement, II surplus do not
take into accom-, the SUN necessary 20 be eN'
perd d to meet the requirements q the sinking
idnd at, amounting TO more than eI',pu w an
uuay
The cost Of collecting custoTI s revenue, for the
last fiscal year was IA per cent; for the year
1881 II was 30 yer cent Tho excess 81 INTERNAL
revenue taxes go lrctrd during the last fiscal year
over those collected fOI the year ended June 80
lSsI was .6,i'9, lil2b. ana tine cost OF collecting
the revenue decreased from 81 per cent IN lsS'
10 less han 81 per cent. for the last year Tue
tax collected ON olrpmargarlue was r'%t9INul
for the year ending june 10, 1850, ana SSbl l"9S ~
for the following year.
Referring To tnr purchase Of bonds which has
been going since Apr,l last the president gives
the total amount aud cost. aud says the saving to
the government represented by The tranSagtlo
aggregates about s.nIG5,Nh lie then pro-
Cccus.l
AT Hrst sight thi, would seem 10 be a profitable
an aHu.lJls transact IN ON he part ot the gov
rTuWoui but gss.g grSted by the secretary of the
tr'asu y, tie surpiu, thus expended ir the pur-
chase of oud, va, money drawn from the Ico
pie ia rNCes, 1T ANY actual need Of The govern
meut and was so expended rather .h'u allow II
10 remain idle iu the trca ,uTy. II TINS surplus
under the operation of just aud equitable laws
had been left Ia the hands of the people n would
have been worth in their bu mess at least per
cent. per uuuum. UcluDtlug from thc amount
of ntorc.C upon the principal AMI premium ulun
tn bonds H.d he time thcy had b. ran, at the
fot the people The plrCnlsc # such bonds, tine
loss wo I'd Z, poIr to be S5I,f6lOJJ.
This calculation would seem TO demonstrate
that If eAres ye aud unnecessary taxation is con
tiuuyd aud the goycrnme is forced 10 pursue
tb, policy of purchasing Us own bonds ut the
premiums which II viii be- necessary To pay, the
dollars. Since the purCha g of bonds was under
taken, rs mentioned nearly al that have been Of
ferrd were at last accepted 1t has been made
quite apparent that the government was IN dan
ger Of Icing subjected to combinations To raise
their prices, aS appears 10y the instance cited by
the secretary of the offering of bonds of the par
value OF only Si2u,OJO SO often that the aggregate
Of sums demanded for their purchase amounted
large Sums ptid oIt H. the purchase of bonds, the
sG'Plns IN the u tiSury on me UIh gay Oh NoVen'
otI IN9', Vas e'-.-'' pI.uIr alleI u'uu'."Is ~,
uubO.u Just drawn out for the payment OF pen
sOns
me Secretary OF the treasury TtCpIli-
mendauuus. the most important Of which
is that the coinage of silver dollars
he suspended, are Endorsed. Also reports
on Jl' wal uIlt' anu 'h" operations Oh supply
ing h"dNl ordnance tlc' are summarizes anu
the secretary ftcomlirhudllohS auuPl'n anu
uiEed upon congress reference - Ilduc 10 Tue
iIlP' I,"'"u Al"theS anu llc iel'.' Il"'n ,mtim ~
a,1',n u" w s'l'H 49,, u'i. io 't'''' i''"'
M ''''l -, .','' i,', 1911 i =; ,,, it ,
i "v''' -, ""n M ,, Inst t%e
" H''i ",'i'. ~ 49,, ~ -, ' ~,
sla'uvNt "i us Tnlgin lng count .os, a o'n'o
n, .Ni' i,'.,u ''o' a "'ro Az |,,, o0' 1t
se.'oi uuu " uui''I an" H,'i''r ',,'', sI ~,
VINO III any l'''li'S. c'.iiT N'tnn w ',"Se W. us
pcln'i" o'i y" IA n',' ''',. ~ i''9 VI
W o' "'''''E 20 ~? 4, = 80 -
,''o 20 I no th ia
to.u" @ Wv" w., Va ''''
9'i,'p''' s'"e' US '''' ou''o'''' ~ ~
Inc report OF the secretary OF tile navy demon
states very ihteiiIseht hi,thaSeheh1 III that mr.
pQI,all uePa tiii'h. anu ulsJios,s Clo liost SAT
lslactoly progress III Tue WORK ol recohSii ucllhS
the navy maze durlls the past year VI we
ShiPS III co tSH Oh couStIuctiuil' N.Y. VIZ thS
1haiie's"n , 'u'un ~ any
VI" nuai nt," II, ,ra, 'e oeeI ""o,eu anu
~ '"pi,''J opp 90, '' ~ nt r., ~, "I ~. ~ @ O.
Illon 10 'iu Soonu 'it t ,ia 7n,
aIciSJV, ,A9 t' wa N, ~ ',e ''e S,n
Solu "l! lle hci JSoi .oi po po''o a.c an u
uol .ont az. ~. uo' M " t,iS W ~,
s ti'4 Nv Az yS''. i"o ~ 's,D $3.50 an '''uo
tnu o ,IS tiie"I $50 $50 s' i III '
! e.s, .i '.t ,' % ~ ,; w." o ~;
10 ~ n.,t - 49,, " r,nnths
'iT r, hVIlo wv. ' - -. acknowledgements; A.,
me Iepoir s,io"s tn,'c we NC
i H "n I .o' uT t t, "dH ar,u
uu,lo i,ooi ny iNV I've, io toe " ~
oL oM Va m, SnI ,Su .ii' To- nc
Ileo t .n n Jun IT, t0 a. ,n tu ~
iiIoit Ittn ~ pc, ouG .'''' sun a 10 ~
ioI 'no ''''oo 'o''' y o"u'S '""o w. i0'f'
Inc message Ihcn tdhts up the ppstlilosLer
generals report, ana atter gong over the HSures
says: Inc increase Tor correspondence with Tor
eIxn countries during tne y 81 threo years IS
grauiying' ana Is especihliy notable ana eNcep-
tionai WIN central ana South American states
ana with MeAlco' AS tbe greater part OF mah
matter eXchan;ed win THESE countries is com
mercal III It's character, this increase Is evidence
of the improved business relations with them
The practical operation OF the parcel post con
ventlonS, SO tar as negotiated iltN served 10 iu-
I'LL the most iaVoraole predictions as 10 their
benefits. In January last general postal con
vention was negotiated with the DOMINION or
Canada, which went INTO operation on March /,
and which practically makes one postal territory
of the United States and Canada Under IL mer-
chandiSo parcels may now DO transmitted
through the mails at fourth class rates OF post
age.
bill, proposed by the postmaster general
was introduced at the last session OF the con
gress. by which a uniform standard in the
amount of gross receipts would fix the right of
a community to a public building to be erected
by he government for postoflice purposes. 1t
was demonstrated that aside from the public
convenience and the promotion OF harmony