Waterbury evening Democrat., 1890-12-02

period were $s5s, SIS, 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 $50, S82, OCT 90 should be deducted from
both sides of the account. The surplus
for the year, including the amount APP
piled to the sinking fund, was $105, S44,-
496O3. The receipts for 1890 were $16,-
O3O, 923 10 and the expenditures SIS, $780,
S71 in excess of those of 1889. The Gus
toms receipts increased 81, 1886, 842 SO and
the receipts from internal revenue ST.
725, 191. 80, while, on the side of expendi-
lures, that for pensions was $19,3l2,O75.9 6
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, $406, 900, 900; total expenditures,
1854, 000, 900; leaving a surplus of $52,-
O00, 000-not taking the postal receipts
into the account on either side. The loss
of revenue from customs for the last
quarter is estimated at $25, 000, 900, but
from this is deducted gain of about
SIG, 900, 600. realized during the first four
months of the year.
For the year 1899 the total estimated
receipts are 1878, 0O0, 900 and the esti-
mated expenditures $685., S52, 200. AZ, leav-
ing an estimated surplus of $50, 147, 700. SO
which, with a cash balance of $52, 000, 900
at the beginning of the year, will give
$67, 147, 790.5S as the sum available for
the redemption of outstanding bonds or
other uses. The estimates of receipts
and expenditures, for the Postoff1ce De-
dartment, being equal, are not included
in this statement on either side.
Circulation of Treasury Notes.
The act directing the purchase of sill
yer bullion and the issue of Treasury
notes thereon" approved July IA, 1890,
has been administered by the Secretary
of the Treasury 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
silver bullion such support as the law
contemplates. The recent depreciation
in the price of silver has been observed
with regret. The rapid rise in price which
anticipated and followed the passage of
the act was influenced in some degree by
speculation, and the recent reaction is in
part the result of the same cause and in
part of the recent monetary disturbances.
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 position
of advantage in promoting 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
unremitting and to a very high degree
successful. There have been purchased
and redeemed since March 4, 1889, and
Al per cent. bonds to the amount of
$211 1885,, 450, at a cost of $246, 500, 741, re-
sulting in the reduction of the annual
interest charge of $8,967, 500 and a total
saving of interest of $51 ,576, FOG.
notice with great pleasure the state
ment of the Secretary that the receipts
from internal revenue have increased
during the last fiscal year nearly $12 ,000,-
900, and that the cost of collecting this
larger revenue was less by $90,617 than
for the same purpose in the preceding
year. The percentage of cost of collect
ing the customs revenue was less for
the last fiscal year than ever before. .
The War Department..
The report of the Secretary of War
exhibits several gratifying results at
tanned during the year by wise and I'M
ostentatious methods. The percentage
of assertions from the Army IAN evil for
which both Congress and the Depart
mant have long been seeking a remedy
has been reduced during the past year "a
per cent.
The results attained by a reorganiza-
ton and consolidation of the divisions
having charge of the hospital and serv-
ice records of the volunteer soldiers are
| very remarkable. This change was eff
fected in July, 1889, and at that time
there were 1864 cases awaiting atten-
| ton, more that half of these being calls
| from the Pension Office for information
| necessary to the adjudication of pension
claims. On the Both day of July last
though over three hundred thousand new
calls had come in, there was not single
case that had not been examined and
| answered.
I concur in the recommendations of
the Secretary that adequate and regular
appropriations be continued for coast-de
| Tense works and ordnance. The defense
| less state of our great seaports furnish
an urgent reason for wise expedition.
The encouragement that has been ex
tended to the militia of the States, gen
orally and most appropriately designated
the "National Guard" should be con
tinued and enlarged. These military or
| ganizations constitute, in large sense
the Army of the United States, while
about five-sixths of the annual cost o.
their maintainence Is betrayed by the
States.
The Department. OF Justice.
The report of the Attorney General il
under the law submitted directly to Con
gress, but as the Department of Justic,
is one of the Executive Departments
some reference to the work done is ap
propriate here. Especial attention Ii
called to the facts connected with tbs
prosecution of violations of the election
laws, and of offenses against United
States officers. The number of convic
tions secured, very many of them upoI
Il pleas of guilty, will, it is hoped, have
salutary restraining influence. Their,
have been several cases where post
masters appointed by me have been sub
jected to violent interference in the dis
charge of their official duties and to per
secutions and personal violence of tn
most extreme character. Some of thes
cases have been dealt with through tn
Department of Justice, and in som
cases the post-off1ces have been abolished
or suspended. I have directed the Post
master-General to pursue this course il
| all cases where other efforts failed t,