Bismarck weekly tribune., 1889-12-06
this country and indeed to the commercial
interests Of the world.
The State of Finances.

full season to the merchant and the manu-.
facturer and general employment to our
working people. The report Of the secre-
tary of the treasury for the fiscal year
ending June 80, 1889, has been prepared
and will be presented to congress. 1t pre-
sents. with clearness, the fiscal operations
Of the government and l avail myself of it
to obtain some facts for use here. The ag-
receipts from all sources for the year
we're $ss7 oo5a o.! l.. derived e ss as follows;
revenue. $3.50 88l, ,5lS 81; from miscellaneous
sources, 1925, ,80S2S. The ordinary ex-
penses 4Or the same period were 1921 $685.
1850, and the total expenditures including
the sinking fund, were $S29,579, ,929.25;
the excess Of receipts over expenditures,
after providing for the sinking fund was
the total receipts, actual and estimated, are
$685. 100000; and the ordinary expenses,
actual and estimated, $29S, 900, 900 making,
with the sinking fund, a total expenditure
Of $S41 1921 ,116. SO, leaving an estimated sur
plus of $4S,678, $500. During the fiscal
year there was applied to the purchase of
bonds n addtlcn lt t9 those for the sinking
of the current year the sum of $S7, 1885,
9S7.77. all Of which were credited to the
sinking fund. The revenues for the fiscal
year ending June 80, 1891, are estimated by
the treasury department at 1886, ,OOO,O 600, and
the expenditures for the same period. in
cluding the sinking fund, $S41 ,4SO, 20.
year Of Sis, $3.50, which Is more likely
to be increased than reduced when the
actual transactions are written up. The
existence for so large an anticipated sur
plus should have the immediate attention
of congress with view to reducing the
receipts OF the treasury to the needs OF the
government eI,5 as closely as may be.
ed for public use imposes an un-
necessary burden upon the people
and the presence of so large a surplus in
the publicvaults is a disturbing element in
the conduct of private business. 1t has
called into use expedients for putting it
into circulation of very questionable pro-
enne for the purpose of anticipating our
bonds beyond the requirements Of the
sinking fund. The loaning Of public funds
to the banks without interest upon the
securities Of government bonds regard as
an unauthorized and dangerous expedient.
Itresults in q temporary and unnatural
increase Of the banking capital Of favored
gradual recall of the deposits to avoid in
jury to the commercial interests. It is not
to be expected that the banks having these
deposits will sell their bonds to the treas
ury SO long as the present highly beneficial
is continued.
The Tariff.
THE INEQUALITIES SHOULD BE ADJUSTED.
recommend revision of our
tariff law both in its administra-
tive features and the schedules.
The need Of the former is generally con-
ceded, and an agreement upon the evils
and Inconvenience to be remedied and the
best method for their correction will prob
ably not be difficult. The valuation in all
our ports is essential. and effective meas
ures should be taken to secure it. It's
equally desirable tnat questions affecting
rates and dclassifications should be promptly
decided.
The preparation Of a new schedule Of Gus
tom duties is q matter Of great delacacy
because Of its effect upon the business Of
the country Of its great difficulty and its
great divergence as to the objects that NAV
be promoted by legislation. Some disturb
ance OF business may perhaps result from
the onsideration of this subject by con-
UWt tul6 t3I1DOIdT 0l16CL WILL U0
reduced to the minimum by prompt action
and the assurance which the country en-
joys that any necessary changes will be
90 laid 20 as not to injure the just and
protection Of our. home indus
tries. The inqualities Of the law should
be adjusted. but the protection principle
should be maintained and fairly applied to
the products Of our farms as well as our
shops. These duties. necessarily have re-
lati0n % other things besides the public
revenues. We cannot limit their effects by
fxinR.Ou eyes on the public treasury
alone; they have q direct relation to home
production, to work, to wages and to the
commercial indepe endence Of our country
and the wise and patriotic legislator
should enlarge the field Of his vision to In
clude all Of these.
The necessary reduction IN our public
avenues can, i am sure. be made without
making the smaller burden more OnOrOus
than the larger by reason OF the disabilities
md limitati ions which the process Of re-
The free list can very safely be extended
by placing thereon articles that do NOT
11ter into Injurious comp petition with such
domestic products as our home labor can
supply. The removal Of internal tax upon
l06accO would relieve an important agri-l
cultural product from3a burden which was
%s nss er Ss sm
needs. IL safe revision against fraud can
b devised the removal OF the tax from
lDtritS used In the arts and In manufactures
would also SO6er an unObje ectiOnRble mode 1
nf reducing the surplu $sS SssS.
The silver Question.
e DANaEB OF TOO MUCH COINAGE.
table presented by the secretary of the
treasury wing the amount otS money of
all y kinds il circula ation each year from 1873