The times. (Owosso, Mich.) 1882-1897, 1889-01-04
1 Backward Glance
Oyer the Occurrences of the
Last Twelve Months.
THE RECORD OF THE PAST YEAR.

Koceipts and Expenses OF the Govern
ment and Few Financial Comparisons
Southern Progress During the Year
The Long Roll of Lost in Disasters
4 And the Black List OF tho Possessed of
Devil-A Record Full OF Interest.
CHICAGO, Jan. a.-The year that closed at
midnight Monday has left its record for the
instruction of those who choose To look into
it Tho following statements and figures
will recall many facts, and should be Of use
to the statesman and citizen alike. In the
limits of a telegram it Is not practicable 10
give much in detail, but many of tho most
important and suggestive statistics can be
generalized and such as were ut hand are
given To begin with here is a review Of
the financial operations of tho government:
For the past year tho revenues collected
by the United States government have av-
eraged more than 81 600, 600 day including
all Sundays and holidays or 1914, 400. 900 for
the twelve months This aggregate is less by
$4,000, 600 than for the preceding year, and
it is at the rate of little more than So per
capita of the population. about tho average
rate of the past fifteen years, and less than
half the highest rate of federal taxation per
capita per annum of which the government
has record ISIS. IS per capita in 1865.
~ The government expenditures of the year
have been about $500 100000 or S23 ,OO0, 900
greater than during 1887, and greater than
any previous year since $50. These expendi-
lures increased each quarter, beginning with
S57, 200. GOO in the first quarter, and ending
with SS3, 900, 900 in the fourth
The treasury surplus at the close Of the
year was about So, ZOO, 900, compared to
$4,000, 600 when the year began. It's fluctua-
tions by months were considerable, its high
est point boing in May, when it reached
$110, CO0,0c0. and It's lowest i'm December,
when it was as stated above, about $50 0GJ,-
600 The average surplus has been twice as
great during 1883 as during 1887 and the
highest amount has been nearly double the
highest aggregate of the preceding year.
The year has witnessed reduction of the
outstanding interest-bearing debt of the
United States by about S100, 100000. The
outstanding bonds at the beginning of the
year we're. in round numbers:
-Four per cent bonds....... -SS90. 000 600
-Four and half Observation-Disclosures. 2}0.000O00
Total. ACKNOWLEDGEMENTS. S9OO,OOOON
At the close of the year the outstanding
bonds were, approximately:
-Four per cent. bonds $3.50 Oo0, 600
-Four and a half ....,... 100000 900
Total ....,.........,.......... $3.50, OOO,O 900
Each class has been reduced by about $50
Q00, 900 during the year. The public debt
per capita of population was at its highest
In 1866. when it averaged about $40 per in
habitant. The Understanding debt is now
less than $13 per capita Of population, or
about one.fifth as great as twenty years ago.
Tho money circulation OF the United States
1t the close of the present year was greater
by nearly $50 DOC, 900 than when the year
began, or about 81. 4i0. 600, 00O as compared
20 81, 800, 100000 at the close OF 1887;
and this large increase was entirely in notes
OF small denomination.
The foreign commerce of the year, ex.
elusive Of coin and bullion. shows imports
OF about the value of $720, OD0, 900 and ex-
ports Of $3.50, 100000 or an excess of inn
ports Of $40.0O0,000 For the preceding cal
ender the imports OF merchandise were
sos. 000. 900 in value and the exports 7l5,-
OO0, 1000, or an excess of exports of $780,
OOO