The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1890-12-04
Tho COuntry'S Finances,

RECEIPTS AND ExPENDI1 URES.
ioe eSe xsar ennF
$780, were s463 v6a, Os0.55 and the total ex
penditures for the same period were 1858, 6l5,.
benz s'' n aaye noi he
OF these aggregates, and for the pur.
pose Of comparison the sum of s6o,s2 o97 *
should be deducted from both sides OF the &C
count The surplus for the year, including the
amount appliedto the sinking fund. was sos.
ga, aye. o. The receipts for 1890 were $50, O3O
OF those of 1880 The customs receipts increased
os35 S42. tS and the receipts from internal rev.
s f4n1s 81 While on the side Of expend
cess OF the preceding year.
The Treasury statement for the current
fiscal IL year partly actual and partly estimated
y OUO; total expenditures, S:5lUUJ,OJu, leaving
surplus OF ~. oUO, OoO-not taking the postal
receipts iato account on either size. The loss
OF revenu' from customs for the last quarter is
estima ed at S25,0OO0O', but from this is de.
Quoted o gain of about eiG,O OOJ), realized dur.
Ing the first four months OF the year.
For the year 1892. the local estimated receipts
are S'73OO 1000, and the estimated expenditures
1851. S2:0A. ~. leaving IN cstimat ID surplus of
SO N,7M.5s which with q cash balance OF
So2oooCOO ut the beginning or the year. will give
ST.. l47; o5s as the sum available for the re-.
demptlon OF outstanding bonds other uses
The estimates q receipts and expenditures for
the Post OHlce Department being equal, are not
included In this statement on either 81 10.
THE SILVER QUESTION.
The act ",llrecting the purchase Of silver
bullion and issue of Treasury not S thereon !"
approved July II, l.9O, has been administered
by the Secretary Of the Treasury with an earn
est 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
silver bullion such support as the law con.
templates. The recent depreciation in tn e
price of silver has been observed with regret
The rapid rise in price which anticipated and
followed the passage Of tt e act was Influenced
reaction Is in part the result OF the same
cause and in part OF the recent monetary dis
turbanceS.
Some mouths of further trial will be neces
sary 10 determine the permanent effect OF tie
recent Legislation upon silver values. but it
Is gratifying to know that the increased circu-
continue to exert most bcneficial influence
upon business und upon general values.
While 1t has not been thought best to renew
formally the suggestion OF an International
tie tull use Of silver TO: coinage at u uniform
ratio care Lus been ken to observe close y
vorable opportunity viii be lost to promote a
result which 1t i, Golf lently believed would
confer c very large benefits upon the commerce
The recent monetary dtstu 'hrnceS in En-.
gland are not 'likely t. gg t ar o amina.
lion Of o inions upon .n!s SUI, Z. our Very
large supp Of gold i'll. If not lost by i'm.
pulsve !, gisla ion in the supposed intere OF
silver. give us position OF advanta ,e in pro-
moting permanent and safe int irrational
agreement for the free use OF silver as o coin
metal.
ABOUT CALCULATION.
The efforts OF thr Secretary to increase tho
rolumn Of money in circulation Ivy keeping
down the Treasury surplus to tho lowest prac
very high degree successful. The tables pre-
scntcd by him, showing the increase Of money
In circulation during tho last two decadis,
unltng the nineteen months he has admins
tered the affairs Of tho department., are
interesting and Instructive. The increase Of
money in circulation during the nineteen
months has been In the aggregate SOB, a66 ol3; or
about 81 30 per capita, and Of this increase only
81, lo1rO0 Was duo to the recent silver legisla-
ton. That this substantial and needed aid
gwen to commerce resulted IL an enormous re.
duction II the public debt and Of the annual in
tercst charge Is matter OF increased satisfac-
since March 4, 1889. and ~ per cent. bonds to
the amount Of S2.1 SSa $50, ut cost Of S!46 CO.
al, resulting in tho reduction Of the annual in.
In terest OF S5l.576: 7Oj
notice with great pleasure the statement of
the Score ary that the receipts from internal
year nearly sls ,Ooo,OD and that the cost OF col.
Letting this larger revenue was less by S9O617
than f9r or, the same purpose in the preceding
customs revenue was less for the last fiscal year
than ever before.
THE CUSTOMS SERVICE.
The Gus, Oms Administration Board provided
Tor by the act OF June TO- 90 was selected
with great care and is composed in part Of
men whose previous experience in the ad.
minist ion OF the oil customs regulations
mad made them familiar with the evils
to be remeded, and in part OF men whose
legal and judicial requirements and exper:
seemed to lit them for the work Of int r.
prcting and applying the new statute. The
chief aim OF the law Is to secure honest val
naio . Of oil ana to
ports OF entry. 1t has been made manifest by
Congressional investigation that n system Of
undervaluation had been long in use by certain
classes OF Importers, resulting not only in o
great loss OF revenue. but in a most intolerabe
Discrimination against honesty. It is not seen
DC regarded by the citizens Of any country
having commercial dealings with us as un-
friendly II any duty is supposed to be ex.
will surely not be claim d by aay well-disposed
people that remedy may be sought and nj.
lowed in system OF quasi smuggling.
Tho War Dorar'
DEsERT1oNs DECREASING
The report Of the Secretary OF War exhibits
several gratifying results attained duriag the
year by wise and unostentatlous methods. The
percentage OF cesert,ons from the army Ian
cyl or which both Congress and the depart
been reduced during the past year 81 per cent :,
ana Tor the months Of August and Septenlb Il,
during which time the favorable effects Of tbs
act OF june IS were felt, 81 per CENT as COM
pared with the same months OF 1882
The results attained by. a reorganization
and consolidation OF the divisions having
charge of the hospital service records of the
volunteer service are very remarkable. This
change was effected in July, 1886, and at that
tion. more than half Ct these being calls from
the Pension Office for Information necess airy
to the adjudication Of pension claims on
the sOth day OF June last, though over $1,000
new calls had como In, there was rot single
case that, had not been examined and an
swered. s#@f 2Eaat D.aI -
.=.- "a q COAST DEFENSES - .vt