The Hot Springs star. (Hot Spings [Hot Springs], Dakota [Dakota Territory, i.e. S.D.]) 1886-189?, 1888-12-14

nov DC Ooualneo mas Induced Q Glaze, unfortu.
natsly LANCE, to avail themselves Of the op.
70 their native land and yet BY . foreigo' resi-
dence to escape any just duty and contribu-
tton OF service to the country Of their pro
poeed adoption. thus while evading the do
ties OF c!tfzenshtp to the United States they
may make prompt elaim for lie
ventton In their behalf. International COM
Plcations OF . serious nature have arisen and
the correspondence Of the state department
dieclosed-the great number and completely
OF the Qualt6cAti0na which have been raised.
Our Laws regulating the issue Of passports
Of central bureau IT registration ct the
capital IL again strongly recommended. By
this means full part rlars OF each case OF
naturalization In til, United States would be
secure and properly indexed and recorded
and thus many cases OF spurious citixenship
would be avoided. The reorganization Of the
con ,ular service is Q matter OF serious import
inc. to our national interests.
TIE TREASURY.
The report Of the secretary Of the treasury
exhibits In detail the condition ofour national
finances and the operations Of the several
branches Of the government related to this
department. The total ordinary revenues Of
the government Tor the fiscal year ended June
80, 1888, amounted to o359, 266, O74. 76. Of
which t9l9,C col, 178 g was received from Gus.
toms duties and 1874, 278, 81 .9S from internal
revenue taxes.
The total receipts from all sources exceeded
those for the fiscal year ended June 80, 1887,
by $7S,627 ,97l.1O The ordinary expenditures
OF the fiscal year ending June 80, 1883. were
e259,65S, 1853 ", leaving . surplus Of e1l9,6l2,-
1l6.C9. The decrease In these expenditures
Us compared Will the fiscal year ended June
30, 1885,, waseS ,27s, 800 30, Notwithstanding the
naympnf nf mOru than nvo mil1oon HolIaNS Rov
pensions In excess Of what was paid for that
purpose In the latter mentioned year. The
revenues OF the government for the year end
ing June 80. 1889, ascertained for the quarter
ending September 30. 1888, and estimated for
the remainder Of the time, amount to &37S,-
penditures for the same year are e273, 10000,
leaving an estimated surplus of $lO4, 10000.
The estimated receipts for the year ending
June 80, 1890, are e377 GOO, 900, and the esti-
mated ordinary ~expendituree for the same
time y sssS. 767, as. s4, ehowing . surplus Of
Of surplus do not take into account the sun
necessary to be expended to meet the require
ments Of tire sinking fund act, amounting to
more than e47,OO0,OW annually. The cost OF
collecting the customs revenue for
for for the iss' year essA' 1855 sss' ii W.. was - 81! 9g per cent cent
The excess of internal revenue taxes col
lected during the last fiscal year over thoee
collected for the year ending June 80, 1887,
was : ,4S0. l14.2t. and the cost Of collecting
this reve decreased from q per cent. In
1ss5 to less than g per cent. Tor last year.
94S.C4 for the year ending June 80, 1857, and
$lG4, $780, SO for the following year. The re-
quircments Of the sinking fund act have been
met for the year ended June 80, 1888, and for
the current year also by the purchase Of bonds.
After complying with this law, as positively
re n,Nfro6 aud hOn6a ouf43neonf f0n That m
pose had been bought at q premium, II was
not deemed prudent to further exIend the
surplus In such purchases until the authority
to do so should be more explicit.
A resolution, however, has been
pssssa y IN doubt SSaS as sG to Executive ii . aGnsrsss
the daily purchases OF bonds were commenced
N the 23d day Of April, 1888, and have con-
tinued until the present time. By this plan
bonds OF the government not yet due have
been purchased up to and including the 3Oth
Of November, 1883, amounting to t94, zoo, 400,
81, sos, 6l3 OS. The premium added to the
principal Of these bonds represents an Invest
ment yielding about 9 per cent. interest for
the time they stll had to run and the saving
to the government represented by the differ.
ence between the amount OF interest at 9 per
MUM and what 1t would have paid for inter
est at the rate specified on the bonds II they
had run to their maturity, is about $27, 1885,
600. At first sight this would seem to be a
profitable and sensible transaction on the part
Of the government, but as suggested by
the secretary Of the treasury, the surplus
thus expended for the purchase of bonds was
money drawn from the people in excess Of
any actual need OF the government and was
so expended rather than allow 1t to remain
idle. II this surplus under the operation Of
just and equitable laws had been left in the
banda NJ fho s,non1o a. ,a,o,,1d Garo hoan ,nnrkh
in their business ut least 6 per cent. per IN.
mum, deducting from the amount of Interest
ON the principal and premium Of these bonds
for the time they had y run at the rate Of 9
per cent. the saving Of 2 per cent. made for
the people by the purchsse. Of such bonds, the
culation would seem to demonstrate that II
excessive aud unnecessary taxation fs con-
tinued and the government is forced to pur
sue THO y ,licy VI Purchasing it's own bonds
ut the premiums which It will be necessary to
pay, the loss to the people will be hundreds
bonds Was undertaken as mentioned, nearly
all that have been offered were at last &C.
cepted. It has been made quite apparent that
the government was in danger Of being sub
jected to combinations to raise
their price, as appears by the instance
at the par value Of only t328, 600 20 often that
the aggregate Of the sums demanded for their
purchase amounted to more than 90, 0 loco.
Notwithstanding the large sums paid out in
the purchase Of bonds the %surplusin thetreas-
ury on the 30th dag Of November, 1888, was
t52, 234, 610.Ol after deductiug about sci ,OOO,-
600 just drawn ont for the payment Of PEN
sions. At the close Of the fiscal year ended
June 80, 1887, there had been coined under
the compulsory silver coinage act eo6B. 1888, $50
in silver dollars, e55, 504 $40 Of which were In
the hands Of the people. On the Both dsy Of
June, 1883, there had been coined tsas99, 7OS, 100
and Of this t55, 500, 3O3 was In circulation IN
coin and 500, SS7 .378 in silver certificates for
the redemption OF which silver dollars to that
amount were held by the government. On
the 3Oth day Of November, 1888. t3l2,t SIS, 800
had been coined, Of which o. ,975, 800 OF the
silver dollars were actually In circulation and
$237, 41s,3 $40 in certificates. The secretary re-
commends the suspension Of the further coin.
age Of silver and In such recommendation
earnestly concur. For further valuable In.
formation and timely recommendation I ask
the careful attention Of the congress to the
secretary's report
THE WAR DEPARTMENT.
The secretary Of war reports that the army
at the Gate Of the last consolidated returnl
consisted OF {, 1889 oficers and 24,549 enlisted
men. The actual expenditures Of the war de
fsss, amounted d to 81, ids, 1870 Of which sun d
%, 1853 ,5l6.63 was expended for public works
including river and harbor Improvements anc
forti6catlons provided for under the act ap
proved September % last. Plans and specid
cations for procuring forgings for 8, 10 ani
IL inch guns under provision OF section 4, and
also for procuring 10 inch breech loading
mortars, cast iron, hoped with steel, undei
the provisions Of section Of the said act
were submitted to the secretary Of war 70