The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1890-12-12
FINANCIAL AFFAIRS.
Revenues and Expenditure Of the Gov.
eminent During tho Year


eminent During tho Year.
The revenues OF the government from all
sources for the fiscal year ending une 80, 1880,
were si63, 9G3, oS0.55. and III. total expeudi.
lures for the same period were S35s o 9 5s4 So
The postal receipts have not heretofore ,.een
included in the statement OF these Aggregates,
and Tor the purpose Of comparison tie sum OF
s6p.sS2,o91.92 should be deducted from both
sides Of tine account. The surplus for the year,
including the amount applied to the sinking
fund. WAS $1O5,3ii.i3G.O3. The receipts for
1880 we're slG.03o ,023. 20 and the expenditures
si5. 1851 III excess oil those OF 1889. Tho
customs receipts increased $685.. Sass. and
the receipts from internal revenue Sll, 723,-
191 SO, while. on the side OF expenditures that
Tor pensions was $l8,3l2075.96i III excess OF the
Preceding Year.
year. partly actual and partly estimated. 10 Is
follows: Receipts from all sources, S4OS COO.
uoo: total expenditures. 1854 900 600, leaving
surplus OF S52.OOD. OUO-uot taking the post al
receipts into account OH either side. The loss Of
revenue from customs for the last quarter is Is.
MINATED at S25. 100000, but from this Is de-
Quoted Quoted gam OF about $4,000 900. realized
Curing the first four months OF the year. For
the year 1892 the total estimated receipts are
1919 .OOnO0U. and tn. estimated expenditures
SO. ;s52 2o9 ~. leaving Nh estimated surplus
Q! slo,liI. 1908. which, with n cash balance
oi So2 nOUU 600 at the beginning OF the year will
give SCI, 1i7,19u.5S as the sum available for
Tue recslnrtion OF outstanding bonds or other
uses. The estimates OF receipts and expenditur
ior the postoac. department. being equal ARE not
included in this statement OH either side
The act directing the purchase OF silver bull
ION and the issue OF treasury notes thereon, ap.
proved July ii. 1890, has been administered BY
the secretary OF the treasury with an earnest
purpose to get into circulation at the earliest
possible dates the tull monthly amounts III tile
treasury notes contemplated by its provisions.
ana ut the same time to give to the market for
silver bullion such support AS the law conteln.
plates. The recent depreciation in the process.
q silver has been observed with regret The "a D.
~ rise in price which anticipated and followed
the passage OF this net was Influenced IN aolne
degree BY speculation. and the recent reaction Ia
III part the result OF the same cause and In part
oi the recent monetary disturbances Some
months Of further trial will 70 necessary to de.
ter,nine the permanent effect OF the recent eeis.
iatson upon silver values but i is gratifying to
Know that the increased circulation secured By
the act has exerted and will continue to exert a
general values.
i notice with great pleasure the statement o.
TIE secretary that the receipts from internal
revenue have increased during the last fiscal
year nearly e12.OUO.OO0 and that the cost OF
collecting revenue was less by e9O,6l7 than for
the same purpose IN the Preceding year. The
percentage OF cost OF collecting tho customs rev.
eiiie WAS kss for the last fiscal year than ever
before. >'@'
The customs administration board provided
for by the act OF June 10, $780, vas selected
with great care and IL composed in part OF men
Of the old customs regulations had made then,
familiar with the evils to b. remsdjed, aud In
part Of men whose legal and judicial acquire.
merts and experience seemed TO 1t them for the
work 81 hintsrpretns and spplyins tbe new stat
valuations OF all dutiable merchandise aud to
make these valuations uniform ct al our ports
q entfy. 1t bud been made manifest by con