Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1890-12-02

|
| 6lS,5S4.52 The postal receipts have not
heretofore been included in the statement
of these aggregates, and for the purpose OF
| comparison the sum of sec, 097,92
should be deducted from both sides of the
account The surplus forthe year incud
ing the amount applied to the sinking
fund, was Sl05, ,344 496.03. The receipts for
1890 were 5000, 9257a, and the expendi-
lures SIS, 1881 in excess of those of 1889
The customs receipts increased II, 1886, ,S42. SO
and the receipts from internal revenue
81, ,725, l9l. 50, while on the side OF expendi
lures that for pensions was S19,3i2, ,015, SO
in excess of the preceding year,
The treasury Statement for the current
fiscal year, partly actual and partly esti
| mated, is as follows: Receipts from all
sources, SiS6, 100000; total expenditures,
$354 100000, leaving a surplus of S52, 600,
00O-not taking the postal receipts into the
| account on either side. The loss of revenue
from customs for the last quarter is esti-
/ mated at S25, ,090, 000, but from this is de-
! Quoted gain Of about SIG, 100000, real
lied during the first four months of the
| year.
For the year 1882 the total estimated re.
'celpts are }l3,OO0, 000 and the estim o ed
expenditures sS5a aS52, ,&09.42, leaving an
estimated surplus Of SIS, l47 ,79058, which,
! with cash balance of $52, ,000000 at the be
| ginning of the year, will give $67, l47 100 5S
| as the sum available for the redemption of
| outstanding bonds or other uses. The esti-
| mates OF receipts and expenditures for the
! postoffice department being equal, are not
included in this statement on either side.
Silver and Gold.
The act directing the purchase of silver
| bullion on the issue of treasury notes
| thereon" approved July IA, 1890, has been
administered by the secretary of the treas
ury with an earnest purpose to get into
circulation at the earliest possible dates
the full monthly amounts of treasury
notes contemplated by its provisions and at
the same time to give to the market for sill
Yer bullion such support as the laws contem-
! plates. The recent depreciation in the
price of silver has been observed with re-
gret. The rapid rise in price which anti
cipated and followed the passage Of the act
was influenced in some degree by specula-
tion and the recent reaction is in part the
result OF the same cause and in part of the
recent monetary disturbances.
some months Of further trial will be
necessary to determine the permanent ef
feet OF the recent legislation upon silver
values, but it is gratifying to know that
the increased circulation secured by the
act has eXerted and will continue TO exert
most beneficial influence upon business
and upon general values.
While it has not been thought best to
renew formally the suggestion of an in
ternational conference looking to an agree
coinage at uniform rate, care has been
taken to observe closely aHy change in the
situation abroad, snd no favorable opTor-
tunity will be lost to promote a result
which it is confidently believed would
confer very large benefits upon the com
merce of the world.
The recent monetary disturbances in
England are not unlikely to suggest a re-
examination of opinions upon this subject.
our very large supply OF gold will, If not
lost by impulsive legislation in the sup
posed interest of silver, give us a portion
OF advantage in promoting a permanent
and safe international agreement for the
free use of silver as a coin metal
The efforts of the secretary to increase
the volume of money in circulation by
Keeping down the treasury surplus to the
lowest practicable limit have been iinre-
uniting and in very high degree success
full The tables presented by him, show
ing the increase of money in circulation
during the last two decades, and especially
the table showing the increase during the
nineteen months he has administered the
affairs of the department are interesting
and instructive. The increase of money
in circulation during the nineteen months
had been in the aggregate SOB, 500, S13, on
about $l50 per capita, and of this increase
only I,i00,000 was due to the recent silver
legislation. That this substantial and
needed aid given to commerce resulted in
an enormous reduction of the public debt
and of the annual interest charge is mat
ter of increased satisfaction. There have
been purchased and redeemed since March
4, 1889, four and four-and-a-half per cent.
bonds to the amount of S21l, ,t3s s,451, at a
cost of S246620, i4l, resulting in the reduc
tion of the annual interest charge of 49,,
061 sos and total saving of interest Of
S51 ,516106
Inotice with great pleasure the state
ment of the secretary that the receipts
from internal revenue have increased dur
ing the last fiscal year nearly $l2,0000C0,
and that the cost of collecting this larger
revenue was less by $906l7 than for the
same purpose in the preceding year The
percentage of cost of collecting the Gus
toms revenue was less for the last fiscal
year than ever before.
The War Department.
The report of the secretary of war exhib-
it's several gratifying results attained dur
ing the year by wise and unostentatous
methods The percentage of deserving |
from the army, an evil for which both con- |
gress and the department have long been |
seeking remedy, has been reduced dur
ing the past year "a per cent, and for the |
months of August and September, during |
which time the favorable effects of the act |
of June 16 were felt 33 per cent. as com
pared with the same months of 1889.
The results attained by reorganization |
charge of the hospital and service records |
of the volunteer soldiers are very remark |
able In one year it examined and am |
swered over $4,000 calls for information. |
] concur in the recommendations of the
secretary that adequate and regular APP |
preparations be continued for coast defense |
works and ordnance Plans have been |
practically agreed upon, and there can be |
no good reason for delaying TIE execution |
of them, while the defenseless state of our |
great seaports furnishes an urgent reason |
for wise expedition.
The announcement that has been ex-
tended to the militia of the states, gener.
orally and most appropriately designated |
the "NatiOnal Guard, should be continued |
and enlarged These military organiza |
tions constitute, in large sence, the army |
of the United States, while about five
sixths of the annual cost of their mainte-
nance is betrayed by the states.
oar judiciary Department.
The report of the attorney general is
under the law submitted directly TO con
gress, but as the department of justice is |
one of the executive departments some T
reference to the work done is appropriate
here.
A vigorous and, IN the main, an effective |
effort, has heen made TO bring TO trial aud /
punishment to all yiolators of the laws;
but, at the same time, care has been taken
that frivolous and technical oiienses should /
not be used to swell the fees Of officers or
to harass well disposed citizens. Especial |
attention is called tothe facts connected /
with the prosecution of violations Of the
election laws. and Of offenses against
United States officers The number of
convictions secured very many OF them
upon pleas of guilty, viii, 1t is hoped have
a salutary restraining influence.
The vacation by judicial DEGREES of
fraudulent certificates Of naturalization,
4 Il affF
general in the circuit court of the United
States, is a new application Of a familiar