The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-12-02

c',,,- ~ oi-eh fe~ented t1at / neei only
0Ouiiilehu tae subject 70 your attention.
Finances of the Nation.
me revenues OF the government from all
So. - , l9C Tue fiscal year enting June 50 1890
were sos 9ls.Us0 IS. aud the total expen,litrres
LOT tae same period were S35S.6ls So So The
postal receiptS have no. heretofore been in
o,.l,ist ~ the statement Of those aggregates
s 80 Sor tLe purpose OF comparison the sum Of
SS'.'7~,v+i y should be deducted from bot 4
sues oil the account Tao surplus for the year
ihc41dng the amount applied to the shifting
Ilul. was Slu3.34i.4s6 05. The receiDts for
I,,'o We're Sl6-oaOg23 -, and the expenditures
so 'o9f>'i Ia excess Of those of 1889. The ems
TOMS receipts Increased s5ss5s42 81 and the
receipts from internal revsnus SIi 72j lgl 50
WINE on the side Of expenditures That for mem
sions was Sl93l2U75 "a in excess Of the 1,rs,sj
ing year.
The treasury statement for the current fiscal
year, party actual ana partly estimated is as
follows: Receipts from all sources. SiO6. 600
wv w; total expenditures, S3jt.OM0OO. leaving a
surp US or SJ2ppDGo0. not taking ths postal re-
ceiptS into the account on either side The loss
oi revenue from customs for the last quarter is
estimated at S2j,N00JO, but from this is de-
Quoted a gain of about SlG0)0,OOo, realized dur
IN tne first four months II the year.
For the year l. 81. the total estimated receipts
6 5 3'5uu1GO AMI the estimated expenditures
20 - @,2p9 u leaving an estimated surplus OF
go l3,.,S) o, which, with a cash balance of
S1%'VNluJ at the beginning OF TIE year will
give Sbi, IA ,1# $ rs the sum available for the
IeIeupt on of outstanding bonds or other uses
Inc estnna1 ei u receipts and expenditures Tor
me p2stotnce department b ing equal, are not
Included IN this statement on either side.
THE SILVER oUEsTIOS.
The Get directing the pure 1ase Of silver bull
Ion and tle issue OF treasury notes thereon. aD-
proved July Il. 1850, has been administered bv
the Secretary OF the Treasury WITT an e rnest
purpose to get into circulation ut the earliest
possible date the full monthly mounts Of treas
ury notes contempl9ted by its provisions and at
the same time 70 give to the market for 81 yer
bullion slca support as the law cOntemplates
ne recent depreciation in the price Of silver
mas been observed WitG regret. The rand rise
In price which anticipated and folloN ed the
passage Of the act was influenced in some de
gree BY speculation, and tn. recent reaction Is,
10 part. the res llr OF the same cause, ard in
part OF the recent monetary disturbances Some
months Of future tri ii viii be Necessary TO de
termne the permanent effect Of the recent
legislation upon silver values. but it is crafty
ing to know that the increased circulation So
cured by the act has eXerted and will continue
to exert a most beneficial influence upon gen
eral values.
THE INTERNATIONAL CONFERENCE
While it has not been thought best to renew
form Ally the suE- esiiOn of an International
conference looking to an a reement touching
the fun use of silver for coinage at a unif lrm
ratio, care has ben taken TO observe closely
any change IN the situation abroad. ana no IA
voraO!e opportunity will be lost e promote a
itSiib WHICH, IL Is cOuINl'utty OelefeN. WOlIt
confer very larga benefits upon the commerce
of the word. The rec mt monetary dstur alces
III land are not unlikely To suggest q ra-eX-
anIlatlol OF opinions upon this subj Ct. Our
very lar5e supply of gold will, II not lost by I'm
pulsive le 1isation in the supposed interest OF
silver, give us position Of vantage in pro
noting a permGu mt and safe International
agreement Tor the free use Of silver rs q coin
install
THE CIRCULATION.
The efrortS of IA SECRETARY To fncraasa ba
volume of money in circulation by keeping
down the ire. lsy surplus to tue lowest prac-
ticabe limit have been unrenittn :. and. in a
high degree. successful. The tables
presented by him. showing the in
cease of money i'll circulation during
the last two decades, and, especially, the tabl'
showing the INCREASE during the nineteen
months he has admin ste ed the affairs Of the
department, are int resting AMI instructive.
The increase of money in circulation during the
nineteen months has been S93 SEC Sl3. or about
81 80 per capita, and OF This increase only
s., 10000 was due to the recent silver legisa-
ton. That this sill sta1t.al and needed aid
given to commerce resulted in an enormous q
duction of the public debt land Of the annual
Interest charge Is matter OF increased satis-
faction. T4ere have been purchased and re-
deemed since Mare fourth, ~, and az per
cent. bombs to the amount OF 81 1882 $50, at a
cost of S2lG, $50, al, resulting in e reduction Of
the annual interest caarge Of s., 61,6.9, ana IA
total saving OF interest Of S31,.16,106
nOAlCb Win X e ~ PIE SuEc buo Sl4Lt menu
of the Secretary that the receipts from internal
revenue have increased during the last fiscal
year nearly Sf2,U0O,0JJ, and that the cost OF
collecting tnis large revenue was less by $40, .
6l7 tnan for the same purpose in the proceeding
year. The percentage OF cost of collecting the
Gu stonIs revenue was less for the last fiscal year
than ever before.
THE Customs BOARD.
The customs administration board provided
for by the act of June TO- 1890, was selected
with great care and is composed
in part of men whose previous eX1erience in tie
Of the old custom regulations
had made IN IN familiar with the evils to be
reuIed 81, and in part Of men whose legal and
judicial re iunenents and experience see ned to
lit Tn n for the WORK of Interpreting and
applying he new statute. The chief aim of the
law is to secure honest valuations OF all dutatle
mere andi and to make these valuations
uniform at al our ports OF eltry. 1t had been
made manifest by cong essloual inves igati n
tlat a system Of under-valuGtlon had be N long
in use by ce tain cases OF importers, resulting
not only in great loss of r,Nenue. but in q
most intoerAOle discrimination against honesty.
II is not seen now this ! giS,atlon, when II is
can be regarde by the citizens Of
a " country having commercial dealings with
us as unfrisLdiy. If any duty is supposed to be
xcsssiye let the complaint be lodged there. II
will surely not be claimed by any wei disposed
people that a remedy may be- sought and
allowed in a system of quasi smuggling.
a. he War Department.
The report of the Secretary Of War exhibits
several gratifying results attained during the
wear by wise and transformations thodS The
o, deseuions from the army ian
evil for wnicn both congress and The depart
mont have long beea seeking u remedy, has
been reduced during the past year ~ per cent,
and for the months of August and September,
during which time the favOra lie effects Of tae
act of jun IS were fe. t. 30 per ce1t., as COM
pared with the same month of 1889.
no -tti-G a a n
OF the dIvisio s having charge or
the hospital and service records OF the volun-
teer sol ters are very remarkable. This change
was effected in July. 1892, and at that time
thare we're 40. 654 cases awaiting attention more
office for information necessary to the adiudi-
rat ion of pension claims. On the Both day OF
June asst though over 300 600 new calls had
come in there was not single case that had
not been examined and answered.
COAST DEFENSE.
Iconcur in the recommendations of the Secre-
tary that adequate and regular appropriations
be continued for coast defense works and
ordnance Plans have been practically agreed
M n and there can be no good reason for de-
laying the execution Of them; while the defense
less stat, of our great seaports furnishes an ur-
gent reason for wIse expediti IN. The encOur-
lgenent that has been extended to the militia
of the states generally aud most appropriately
designated the National Guard" should be
continued and enlar cd These military or gan
zations constitute. in a large sense. the army
the annual cost of their maintenance is betrayed
by the states.
Department. of Justice.
The report Of the Attorney General is under
the law submitted directly to congress, but as
JaDortrnant Of inst ic- ia one ri the pyapu-