The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1889-12-13
TIE SURPLUS.
Measures Should Zee Taken to Prevent
an Incruase

Within our own hortirlS Il general condition of
prosperity prevails. The larvests of the last
summer were exceptionally abundant and the
atle conditions nov prevailing ...tn 10 prom
Use ii successful season to the merchant and the
manufacturer and genera! employment to our
working people. The report III tie secretary of
the treasury for the fiscal year ending .Iuim 30,
1850, has been prepared AMI will he presented
to congress. 1t presents with cc;tr!css the
fiscal oner;ttions Of government and
from all sources for the year wrlr S:iS7. $50.
0IS.Sl. derived as follows From customs.
S22% 49,. .6S: from iiteina! revenue. Slau,-
SSl.hl3.42: from eanruus source, s.; ..1:,i,
SO3.23. The ordinary expenditures for The
same period were s2s !'aG.;l5.Go. aud lii. To.
wcrs s:i.3.579.s 2a % Tie exG..s; oi receipts
over rxlen'litnrrs WAS after prn,iti,i. for lie
sinking fund. s57.t7o l2?5',. For !he current
mat",i, are s:.S5 t,onnn% and the pr,.nr lar nx
Iel'lit,i:ps. actual au estimated. urr S:9i-
o0o;O0O. making, with the sinking
fuid. total expenditure al S:tt ~ 1868
leavn. an estimated surplus f:::.';TS .Ss:;.oi.
Daring The fiscal year there ";,S applied to the
purchase Of bonds. in addition to those for the
sinku. funl. $50, i5,i. i72.b;1. and curing the
first quarter Of the current year til. sum of
S37 .S:,S. !Ei777. all OF which were credited to
the sinking i,lni. Til. revenues for the fiscal
treasury department IL s:;S5tDU,uuO and tie
eAlmn'ii, urrs Tor tie same nr:oi, Including the
sinking i.ind. ut 81 l .l?uiII.Iu. This shows
an estimated surplus Tor HAT year of SIR .:ta-
52a 80, which is nor" likely TO he increased
than ir'.;.r.'l when tie actual t;n .s"ciu..s
are wIi;tru rp. Tile existence Of so luisean
ACTGAt hsU ANTICIPATED SUPPLIES
should have the immediate attention of con-
g,r>> with Il view to reducing: the receipts Of die
treasury 10 the lr". ! of ~" government as
not needed Tor public uses imposes an tmn, c.s
sary burden upon our people, and the p.es'.ae
-! 81 large surplus in lie public vaults Is Il
distmrhn. element III the conduct Of private
business. j has called into Use eXpc,iitnts Tor
putin. it into circulation Of very 4uestinii',l'e
The pnri"sr OF anticipating our bonds
sinking fund. but tai any iirapprnpriate
Snriius il, the treasury should be settled, as
there is no ,'ilirr lawful way OF returning, the
money 10 circulation AMI the profit realized by
The !"ail:lg of public iuii.ls to the bauks with
out interest upon the security of government
bonds regard as ;,n authorized and dangerous
eNlnrli,n'. II results ina temporary and ,lniin,
,irll irrrisr pi the banking capital OF favored
localities anu r''himls cautious and gradual
lnrr'in interests. il i-i"t iobeeXlmctcdt that the
banks having these deposits will sell heir bonds
70 ne treasury 50 long an tho present highly
beneficial ARRANGEMENT, is continued. They now
practically ret interest both upon the bonds
and their proceeds No further Use should tie
made oi his nchct OF getting the surplus into
circulation. and the deposits now outstanding
should be gradually vii lidr:,wl ami applied to
TIE PURCHASE ri honlS. II is fort innate hat
srrl il,c can hr in;.,r uf HE existing SURPLUS
AMI Tor SOM. time Ia come Of amy casual sur
l,!,i> that may exist att. ,,a;.,Ss has taken
enr. such a:>,at:un shuu, he promptly but
very CONSIDERABLY enacted