Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1890-12-12
THE TREASURY DEPARTMENT..

Aus revenues, expenditures and Gen.
era1 Workings.
The revenues of the government from al
sources for the fiscal year ending June 30
1890, were S463, 0G3, 0s0.55, and the total ex
penditures for the same period were $685.
015,5s4.52.
The postal receipts have not heretofore
been included in the statement of these
aggregates and for the purpose Of c9ppar
Quoted from both sides of the account
The surplus for the year, including the
amount applied to the sinking fund, was
Sl05, 3H, 1868. The receipts for 1890 were
5000, 823.70, and the expenditures sl5. 100,
s7l In excess of those OF 1889. The Gus
toms receipts increased 1886. s42 Ss, and
the receipts from internal revenue $11, 725,-
49, 80, while OH the side of expenditures,
that for pensions was Sl9.312, 075. 81 In ex-
cess of the preceding year.
THE TREASURY STATEMENT
for the current fiscal year, partly actual
and partly estimated, is as follows:
Receipts from all sources S406 00O. 900.
Total expenditures 1854, 00O, 900, leaving a
surplus of S52, 900, not ting the post
a. receipts into the account of either side
The loss of revenue from customs
for the last quarter is $25, 900, 600,
gain of about sle,OOo,oOO, real
lied during the first four months of the
year. For the year 1892 the local esti-
mated receipts are S373, 00O, 0O5, and the es-
timated expenditures 1887 1852, 20942, leav-
Ing an estimated surplus of SIS, LAT, 1908.
which, with cash balance of S52, 0OO, 600 at
the beginning of the year, will give S67,-
l47,79o.5S as the sum available for the re-
demption of outstanding bonds or other
uses. The estimates of receipts and ex-
penditures for the postoffice department
being equal are not included in this state
ment on either side.
The act directing the purchase of silver
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 contem-
plates. 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 and was followed by speculation, /
and the reaction Is part of the result of tine
same cause and part Of the recent monetary
disturbances. Some months of further
trial will be necessary to determine the
permanent effect of the recent legislation
upon silver values, but 1t is gratifying to-
know that the increased calculations Sc.
cured by the act has exerted and will con-
tlnue to exert most beneficial influence
upon business and upon general values.
While 1t has not been thought best to
renew formally the suggestion of an inter,
national conference looking to an agree
ment touching the full use OF
SILVER FOR COINAGE
at uniform ratio, care has been taken to
observe closely any change In the situation
abroad and no favorable opportunity will
be lost to promote a result which 1t is con-
hdently believed would confer very large
benefits upon the commerce of the world.
The recent monetary disturbances In
England are not unlikely to suggest re-
examination of opinions upon this subject.
ourvery large supply of gold will, II not lost
by mpulsive legislation in the supposed
interest of silver, give us position of ad-
vantage In promoting permanent and
safe international agreement for the
free use of silver as 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 unre-'
hitting and in very high degree success
ful. The Increase of money in circulation
during the last nineteen months has been in
the aggregate S93, SS0, 1913 or about 81 so per
capita, and Of this increase only $7,100, 900
was due to the recent silver legislation. D.:
There has been purchased and redeemed
since March 4, 1850, and AZ per cent
bonds to the amounto s2ii, 1892, $50 at cost
OF S2id,620,7il resulting in the reduction
of the annual interest charge of g., go, 500
and total saving of interest of s5l $40, 7Oo. :,
notice with great pleasure the state
ment of the secretary that the receipts from
internal revenue have increased during the
last fiscal year nearly Sl2,000,0 900, and that
the cost of collecting this larger revenue
was less by S9O,6l7 than Jr the same pur-,
pose in the preceding year. The percent
age of the cost Of collecting the customs
revenue was less for the last fiscal year than
ever before. 1t had been made manifest by,
congressional investi5 alton that system.
OF underyalnation had been long In use by,
certain classes of importers, resulting not
only in great loss of revenue, but In a
most intolerable discrimination against
honesty