The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1890-12-12
THE TREASURY.

| pVTb VI tnS oeCreIary OF the treasury on
the state Of the finances for the year
1890 has been made to Congress 1t is in
part as follows:
In estimating the revenue for the next
fiscal year the loss from articles transferred
to the free list Is placed at $4,000 COO but az
the increasing demands of the people must
swell the volume OF imports In other COM
uodities, and the enforcement of the GUS
toms laws under the operations of the ed.
illustrative &C. of June 10, 1897. by the pre-
vention OF undervaluatons and the closer
collection OF duties, Will materially increase
the revenue, 1t is estimated that an addi-
tional collection of not less than SIS, 90
will be obtained under these conditions.
Upon this basis the net loss of revenue for
the year Is put down at s5l.Ooo,0oo
| PENSIONS.
The estimate OF SIS, lss.os5, made by the
| Interior Department. for the year 1892, is
based upon the fact that over 2So.0OO of the
claimants for pensions under old laws have
aTafled themselves Of the right to present
their claims under the act of June q,
1891 Claims presented under the new
law will draw less monthly rate, and
carry arrearages for only short time and
for small amounts. while under the old laws
| many OF them carry very large arrearages,
and many of which will have been pail dur
ing the fiscal year 1891 Tue transfer ,f
claims from the old to the new law will
therefore very largely reduce the average
| annual value Of pensions, and a reduction
| in the amount of averages alone IL esti.
mated at $40 900 for the year 1sl2 For
| these reasons IL IL estimated that the
amount above named for 1s9! will be snffi-
cient to meet the aggregate requirements
for this year. "a n
| = THE SURPLUS ~
The total apparent surplus on September
| TO- when the money strngency eliminated,
| was s95 500 2l053. OF this amount S74, ZIG S49j
was on deposit In the banks, and presume
! bly, In circulation among the people, and
| s2i,7O9 3I977 was fractional silver which had
been in the Treasury for several years, and
| was not available for any considerable dis
| bursements. Deducting the sum of these
| two items. viz. 81 ,926, 1919, left an actual
available surplus of on,y sj6,2l7,31L25 Toe
amount of the Iank-uOte redemption fund
| then in the Treasury. which had been trans
| ferred to the available funds by the act
| of July IA. 1884, was 100000 being
| substantially the amount of tue av Ill
| able surplus on septic mber 10, ls9l This
| bank note fund had been In the Urea ury in
| varying amounts for many years. In Au.
| gust, 1887 II was sos, SI3. G9I60. VIII CHI had
| been gradually reduced by disbursements
| to the amount above named. 1t is appar-
| ent, there fore. that the fin cial stringency,
| under scusslon, was not produced by the
| absorption of money by tile Treasury, but
| by causes wholly outside of Treasury oper
| ations At the time when the financial
| pressure in Sept@ reached its climax,
| the extraordinary dlsburseme nts for bond
| purchases had substantially exhausted the
| entire ordinary Treasury accumulations,
| and but for the fact that Congress had WISE
| ly transferred the bank note redemption
fund to the availa b, g cash, there would have
| been no money at command In the Treasury.
by which the strain- financial conditions
| could have been relieved, and threatened
| panic and disaster averted. Had this fund
been In the banks instead OF the Treasury
the business Of the country would have been
| adjusted to the creased supply, and when
| thu strain came it would have been lmpos-
| sible I, T The banks to meet II. The Govern
ment could not have Withdrawn IL from the
| banks without compelling contraction OF
their loans, and thus dim nishing their sbil.
| ity to give relief to their customers.
INTERNAL REVENUE
The report of tn Commissioner of Intern |
| al Revenue, showing In detail the opera |
tions of this bureau. Is transmitted here |
with. The following summary will disclose |
at glance the satisfactory conditions of |
that branch OF the public service, and the |
very efficient and economical manner in |
which IL has been conducted:
The receipts from all sources
of internal revenue for the ifs
cal year ending June 3d. 1890,
were si4z, 9s,os6 81
The receipts from the same
sources for the fiscal year
ending Juno D. 1889, were. l3oS4, 49, 20
Making an Increase In the re-
ceipts for the fiscal year just
ended of..................... II, 700,262 81
SILVER PURCHASES.
Under the operations of the silver bullion
law, the amount of silver purchased from
August Il, $780, to December l. 1880 aggre-
gated 16.77s, ls5 fne ounces. costing sis.e7l,-
o75. an average of iLii2s per fine ounce
On the LIST of July. 1880, the price of silver
was s404. 6 To July II, the price had ad-
vanced to 81 Os; to August ID. ST. ID. and to
September s1.21, the highest point reached.
Since that date there has been decline. |
with some fluctuations, to the present time,
the price falling as low as so.97.
.H#. 'FoREIGN COMMERCE. ....
The value OF our foreign commerce during
the last fiscal year was greater than for any
previous year IL amounted to $I6I7, 1S9 o93,
as against 81, 4SI 53',927 during the fiscal year
IS 9, an increase of sI59,6 sos
The total value of exports of domestic
merchandise was sS45. 29s s2s, an Increase of
sll5,OI1, PIG over the preceding year, and
was greater than that of any other year ex-
cept 1881.
The total value OF the imports was $751;
BIC, 4o9, an Increase of Hits III over the pre-
ceding year. of which the sum of 50 1sl, SOL
represents free merchandise, and SS4,99,2s6
dutiable merchandise.
Our total imports OF merchandise from
Mexico, Central and South American States,
British Honduras and the West Indies, dur
ing tue fiscal year 1890, amouuted to sl98-
9I0. SIS, or 1920 per cent. of our total imports
of merchant. Sc.
The value of our exports of merchan Ii5e
to these same countries during the same |
period was $50 $50, JOB, OF 1893 per cent of the
value of our total exports of merchandise.
Our total imports and exports of mrrchan-
disc from and to these countries. during the
sam period, amounted to $3.50 s16,67s. or II 8
per cent of our total imports and exports Of
merchandise.
ALIEN CONTRACT LABOR
With the al N inis trati0n, at New York, OF
the Immigration laws entirely within the
control OF the department, N re satisfact-
DRY and effective enforcement has been pos
sible of the laws against the Introduction
into the United States of laboreTs who
come under contract. ! he inspectors APP
pointed by the department. work under
the direction of and in sympathy with
the superintendent OF immi gration,
and in u unity of interest to this end the OBJ
ject OF the law Is more surely obtained.
From April l9, 1880, to October ], 1880. 123
aliens were detected and returned, while
during the longer period, from March ]. 1ss9,
to April 49, 1890. but forty such persons were
sent back. From all the ports less than fifty
alien contract laborers were returned dur
ing the four years preceding March /, 1859,
while since that date 200 have been so de-
ported
During the pas: year there were under the
control of this department, and receiving
the attention of the Supervising Architect
In course of construction, including ex-
tensions and reTair' specially appropriated
for sixty nine public buildings
OF which number, there were completed
during the year tweEty-one public build
ings.
There we're previously compIet ed and sub