Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1888-12-06
ssossfAa ~ ratsoIg1p,s asrosr


l Saf'4aNA@s, . 90 ~ = fNtAAf Afffet LEI VhA
An Importantly ssate Paper That
everybody Should Hesd.
WAsHINeroS. Dse. 1.-The Spenker laid
| before the House 10 dav the animal reports
Of the Secretary Of the Treasury and Comp.
trouer OF the Currency, which were appro-
1 pietely referred.
Secretary Fairchild's report, covers IS
pEinped pages, Following Is an abstract Of
/ Its contents:
The ordinary revenues OF the government
| for the fiscal yeRr epd June Alth, 1883,
aseresst, d 1870 2s6. 074 10; OF whiSh S2l9..
0al, i13 63 was derived from orstoms, ,sl2i,.
| 500, S7l,98 from Internal revenue. ell ,2l2 :
OIL 20 from public land sales, 81, 3S1 ga. 4S
| from prodts on cOinaRa, bullion deposits
and assays, and %. 43S, 448 80 from consular,
parent and land Tess.
Tue exeend.turps for the same period
were $3.50 65s95 81; leaving q surplus OF
$ll9,6l2, 1860. Tbs chief items OF nxpen.
diture were: Pensions, 4s0,2sS. 5nS n; IN.
terast on public debt, s44,7i5, 0D7 AZ; NILS
cellansous, ii,22S35l 80; the military ss-
tahlishmeat, rivera, barbors and areenals.
$ss 522, 4S61l ;eivil expenses, 500 $50 S3i % ;
the naval establishment. vessAls, machinery
and navy yards, $i6 926, 4S7 65; the Indian
service, so, $40, 307.s7.
OF the above turplla, SIS, 08t 4O5 81 was
demption OF various obligations and evil
dences Of Indebtedness; leaving balance
added 20 the cash In the treasury OF
$96, 527, ITO So.
AZ compared with 1887 the receipts show
an increase OF 1882 ,797 10, and the ordi-
nary expenditures decrease OF SS,27S,-
22l so.
Tbs actual and estimated revenues for
the fischl year 1889 foot up S3T7, 600, 600,
nnt fnp pandttf1rpa for tha ca -. a ,,aF9f,l'
s2Is, oo1 800 leaving prospective surplus
of 800, u0g000.
The accumulated surplus on September
Goth, 1889 Vas 500 4i4 1854. between
that dato add November AID, "a $50, 500 so
hns bean paid for bonds Should no more
bonds be bdught the aaeumulatsd surplus
promises toannount 70 1927 800 COG on june
30th, 1880, and to S22s ,00O,0 900 on June
33th, 1880. A0uut SlaS eco of the d
per cents aYa payable g pr mber 1st, 1891.
There are $3.50 ,0l0.000 1 per cents to
mature In 1907; the interest which will
accrle on them by that time Is ahout
&5sO, 900 COZ Tho present surplus revenues.
II continued, would pay ALI this principal
and interest before 1900. That the govern.
ment will have TO pay nearly all this inter
est IL 1t anticipates the REDEMPTION of these
bonds is evident from the fact that Il is now
paying for y per cents price winch real
izss only about II per cent annua ~, and Is
receiving but maagre offerings OF them at
that piioa.
ITO continue taxation with no other use
for ITS proceeds than such an investment ls
cruel waste oithe peoples money"
TIE secretary cannot too strongly reneat
his recommendations of last year, to reduce
taxatton, AMI to make this reduction in
customs taxation, TO the end that the
people may get the greatest possible benefit
from tue reduction. Ha points out the dan.
gers of continued exces I've taxation aud
fha vast pecnniafy temptation OF an over
loaded treasury.
Dangers sill. exist from excessive silver
coinage, to minlmize which the Secretary
recommends fixing the maximum Of silver
which ahall be owned by the government
and pTogfstng that the purchase Of silver
bullion shah cease wheneverthat maximum
is exceeded by 100000. He finds that
the sysiam Of coin circulation By means OF
certificates has certain ccnyenlenees and
advantages, but II Is costly form OF
money, and the currency would he more
safe and economical II tho coin itselt were
In aetual circulation. But, whatever may
be the thought of the certificate system. the
further coinage of gold and silver, except
subsidiary coin, Is neither necessary nor
wise. Far more gold and silver coins arc
now IN the possession Of the government
than probably ever will ba needed for the
redemption OF certificates. Future aecunu.
latton OF these metals should be only In the
form OF bullion, II this suggestion was
adopted ali hut one OF our minis might be
closed, and large, useless expense BE- saved
annually,
Upon customs administration, the eecre.
tarY renswa hts reNhn IN sutla,itns Of ION
yearfOr The reformation Of abuses IA the Gus
toms services ara tha Correction nj u1epy
eviIs anu Inequalities uI I4ng stanuiug. He
Also expresses tue hope that even should
there pa no further leglslatation respecting
the tariff, certain ipconcrutttes IN the pres.
cut schedules may receive the atten ion Of
! Congress; particularly those ufthe wDrsred
sbshsilk ribbon classes. He renews previous
tecocsssendstons Of himself and his prede-
cessor5 fSH1the consolidation OF customs
districts ana ffe,sslapti1on OF useless Gus
toms estAblshmeoj ssiApd renepFs the sue-
gestton that the CO NJ Jei Sarion Of ali cniIpe-
tors and srfveyors OF c2gf ouiasbe lxed nv
law and their present fees, efnoioi!ients. and
perquisitf 6 abolished. q, -
The total Imports for the year ended JnifS
SOth, were N value, :I23, 957 ia; exports,
$3.50 91i ,5b7; excess Of Imports, 52s COZ. GG7,
The value u chr foreign commerce carried
! III AmeEcsn vessel=, nus declined from IS
per cent OF Is total IN 1856, to less than IA
per cent In 1883
The total Nu71ber Of alien passengers
| coming Into tie Uaitsd Srates from foreign
unsrles other tnal Canada and Mexico
durtn2 the veNr ended June Both, was
567,6lO, includinS 29,6al tourists or eliens
rot intending 20 tsmaiu here. Certain
accommodations are made for tho further
| discpuiagemaai u silen contrect-labor.
A,small iaeteaHe hts been made duying
the last fiscal ye&. ia the vessel touusgp OF
the country, Arising chiefly from tne bulld-
Ing OF cyasttng vessels 1t Is useless 10 ex-
poet any material iBerAgs Ia the buiidiuy
OF iron and steel steAm.Y 5sseln In this eoun.
Try. for the fsycisn trade under pEeaen. con-
Gil US.
The Secretary renews HIS recommendq.
tion to anag ainHfa the Internal revenue
atld customs sYetsms, thereby reducing the
number OF officers and the expense OF coli
leering the Revenues. II the service were
then made non-Eartisan Its efficiency and
reliability wonl1 he increased. Much has
beea gained by the application Of the civil
service system to the subordinate service OF
the treasury department.
Mention Is made OF the operations of the
revenue marine service, the life saving SER
Vice. the marine hospital service, the steam
boat Inspection service, the light-house ser.
vice, The coast and geodet.o survey (ons OF
whose Important works Is the continual len
OF the study OF Ice formation md move.
mant IN Delaware river ard bnY). and the
bureau of engraving and printing.
DARN the year work was commenced on
u new public buildings and upon three
buildings undergoing extensive Tepalrs,
In addition, Congress elected the erection
and repnlring Of Al bulldogs An agent Of
the department Is now Visiting the various
points TO select the most suitable Site, for
the new buildings, rhus providing for the
commencement q operations 10 the sprlng
lT4sE .gu#tw Hs.r... ~. H.. -. -