The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-12-04

the citizenship oil the country OF theiT
adoption. The appropriateness OF spe'
cial conventions for that purpose Ia re-
Cognized In treaties which this govern,
ment has concluded with alumber OF
European States, and II is advisable that
the difficulties which now arise In our
relations with other countries on the
same subject should be simiIarily ad'
iusted. ,..
THE REPUBLIC OF BRAZIL,
Tho recent revolution In Brazil In ia.
yor Of the establishment Of a Republican
form Of Government is an event OF great
interest TO the United States. Our min.
lister at Rio De Janeiro was at once in.
structed TO maintain friendly diplomatic
relations with the provisional govern
ment, and the Brazilian representatives
at this capital were instructed by the
provisional government to continue their
functions. Our friendly intercourse
with Brazil has, therefore, suffered no
Interruption,
Oar minister has been further In.
structed TO extend on the part OF this
government a formal and cordial recog.
nition oithenew Republic as soon as the
majority OF the people OF Brazil shall
have signlfed their assent to It's estab.
lishment and maintenance.
THE REVENUES.
Within our own borders general
condition ot prosperity prevails, The
harvests OF the last summer were exCep:
liOnally abundant and the trade condi-
tons now prevailing seem TO promise u
successful season to the merchant and
the manufacturer, and general employ
ment to our working people.
The report Of the Secretary OF the
Treasury for the fiscal year ending June
80, 1850, has been prepared and will be
presented TO Congress. II presents with
Clearness the fiscal operations OF the
government, and will avail myself Of 1t
10 obtain some facts for use here.
The aggregate receipts from all sources
Tor the year were 1887 ,05O,05S 81, de.
rived as follows: FROM customs, $685..
S39, ,74l 60; from Internal revenue, $780,.
IS, ,5l3 "; from miscellaneous sources,
So, 1856 ,S03 %. The ordinary Gxpendi.
lures for the same period were, S2Sl $780,.
0l5 90, and the total expenditures, in-
uluding the sinking fund, were, $780,
570, 800 25. The excess Of receipts over
expenditures were, after providing for
the sinking fund, $57, ,470, l20 80. For
the current fiscal year the total reve.
nues, aCtual and estimated, IRE $3.50 000,.
900, aud the ordinary expenditures, &C
tual aud estimated, are, $1,000, 900,
making, with the sinking fund, u total
expenditure OF $S4l, 1921, ,ll6 no, leaving
an estimated surplus OF $45, ,G7S, 1888 Of.
During the fiscal year there was ap-
piled to the purchase OF bonds in atldi-
lion 10 the sinking fund, $0O,450, ,l72 35j
and during the first quarter Of the cur.
rent year the sum Of $37 ,S3S, ,037 II, all Of
which were credited to the sinking
fund. The revenues for the fiscal year
ending June 80, 1901, are estimated by
the Treasury Department at $3S5, 600, 900,
and the expenditures for the same pe.
riOd, including the sinking fund, at
sS4l, ,4SO,477 20.
THE SURPLUS.
This shows IN estimated surplus for
that year Of S40, 0,580,522 80, which is more
likely to be increased than reduced when
the actual transactions are written up.
The existence of 80 large an actual and
anticipated surplus should have the in.
mediate attention OF Congress, with a
view TO reducing the receipts OF the
Treasury 10 the needs Of the Govern
ment aS closely as may be. The cullec.
ton Of moneys not needed for public
uses imposes an unnecessary burden
upon our people, and the presence Of so
large surplus in the public vaults is q
disturbing element In the conduct Of
private business, It has called into use
expedients for putting 1t into circulation
OF very questionable proprlety. We
should not collect revenue for the pur-
pose OF anticipating our bonds beyond
the requirements Of the sinking fund,
but any unapproprlated surplus In the
Treasury should be 80 used, as there Is
no other lawful way oil returning the
money to circulation, and the profit ru'
allied by the Government offers q sub
stantial advantage. The loaning oi
public funds 10 the banks without inter.
Get, upon the security OF Government
bonds, regard as an unauthorized and
dangerous eXpedient, II results 10 q
temporary and unnatural increase oil the
banking capital OF favored localities, and
compelS cautious and gradual recall Oi
tue deposits " avoid injury 10 the com.
merCial interests. II IL not 10 be ex'
peCted that the banks having these
deposits will sell their bonds TO the
Treasury so long as the present highly
beneficial arrangement Is continued.
They now practically get interest both
upon the bonds and their proceeds, M
further use should he lnade Of thls
method Of oigcttlng the surplus into cir
Culation, aud the deposits outstanding
should DO gradually withdrawn and
applied TO tue purchase oil bonds. II
Il fortunate that such a use eau DO made
Of the existing surplus, and for some
time 10 come OF any Cagual surplus that
may exIRt after Congress has taken The
necessary step for d reduction Of the
revenue. Such legislall0n should bt
pIVupbl4 WV WI y SSuptNVAahVAI SAaShNN
TARiFP REVISION,
I recommend a reYlsloH q olr tariff
law both In itS admluislFatlve featAfeI
and Ia tho schedules. The need oi 'thl
former lS generally conceded, and agree,
IN mt upon the evils and Inconvenience
10 hp rtmedled and tbs best methods ipi
their correction will probably not be dl
fllCult, Uniformity Of valuation at all
our ports ID essential, and eiTeCtiyC
mpaStites should DO taken 10 secure II
II ID equally desirable that questions al
ieCting rates aud classihCatiohB should bC
promptly decided. The preparation Of
iiew schedule Of custom dulles 10 a. mat,
let Of great dellCaCy because Of lts dlteCl
effect upon the business Of the uonhtty,
aid Of greAL difficulty bY'fehAOh bl tic
Wide dIyefBi6h bi opinion AZ u tho oA'
jpCts that may properly DO btOln9ted ny
buCh lVglslAllon. 'Soune disturbance b
business may perhaps result from the
confederation ul this subject by Con.
gtetBs, but this temporary lll.elleCl will
| VA saNuNftN ~ NNn tttHttsA.tt, I.u taat,.f IA