Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-12-03
Interesting Financial Facts From tn,
Secretary of The Treasury.

Interesting Financial Facts From the
Secretary of The Treasury.
WASHINGTON, December 2d.-The report
of Secretary of the Treasury Window for
the year ending June 30th last shows the
total receipts, S403 $50 9S3; expenditures.
1897, 736 .4S6. These sums are exclusive of
the postal service. The principal items of
the receipts are: Customs, S2S9 S6S, ,534; in
ternal revenue, $l42 sos 7Q5; profits On
coinage, bullion deposits, etc. SO 217 .244
and sales Of public land, Sc. 35S 272 The
principal expenditures were: Civil list
S92 63S, ,S26; pensions, $I06 936 S55; military
establishments, river, harbor and arsenals
s44, $50, ,S38; naval establishments, S22, ,006,-
POS; miscellaneous. including public build
ings, lighthouses and collecting revenue
943, ,563 ,63S; interest on public debt, $780,
099, ,2S4
The estimates for the present fiscal year
are: Revenues, S406 000 600; expenditures:
1854 100000 The estimates for the year
ending June 80, 1892, are: Revenues, 1913,
000,0G0; expenditures, 1857, $50 900.
The Secretary recommends the dividing
OF the pension agencies into three groups,
each making payments quarterly at differ
ent periods, SO that payments shall be
made from the Treasury each month, t.
avoid the accumulation Of pension funds.
He recommends the increase of the perma-
neDt appropriations for the expense of col
Letting customs revenue, the payment OF
fixed salaries for collecting customs, the
consolidation of customs districts, the
abolishment Of oaths to monthly accounts
by customs employees, the repeal of the
laws requiring bonds to be given by indi.
yldual importers upon the entryof mer-
chaEdise for warehouse, and the revision
and codiication of customs laws.
The net increase in circulation October
l, 1890, over October l, 1880, was $476 6,039,-
GOO, of which $1256l900O was gold coin.
80, 2lS 900 silver dollars, $3.50, ,625 900 gold
certificates, and s207, ,11S,0 900 silver certifi,
Gates.
The coinage during the year was the
largest in the history of the country,
amounting to $50, ,254 436. The mines of
the United States yielded during 1889 S32, =
800, 900 in gold and $64 ,646 000in silver The
estimated stock of gold and silver in the
United States November 1st last was ST.
$50, ,236 800.
The Secretary recommends the repeal of
the Act of May 26 1882, authorizing the
exchange of gold bars for gold coin at the
Mints and at the Assay Office at New York,
on the ground that it has facilitated the
removal of gold from this country, Or that
the Act be modified to make the exchange
discretionary with the Treasury Depart
ment and allow charge equal to the cost
of manufacturing bars when intended for
export.
Legislation is also recommended looking
TO the recoinage of the subsidiary silver
coins in the Treasury, much of which are
uncurrent.
Referring to the steady falling off in the
value Of merchandise carried in American
vessels, the Secretary recommends various
and efficient measures in behalf of our
rapidly vanishing foreign merchant marine
He renews his recommendations in the re-
port of last year for legislation to that end.
The Secretary recommends the adoption
OF the metric system at the Custom-houses,
beginning January l, 1895.
Further legislation is recommended to
prevent the immigration to this country of
persons unfit for citizenship, including evi.
dence of character before our consular off,
GERS abroad. This he considers necessary,
because of the increased undesirable char
acer of immigration arising from cheap
steamer fares. He also says: "The De-
partment has not relaxed its efforts to Sc
cure the strict enforcement of the Chinese
Exclusion Act. Organized attempts have
been made by Chinese laborers to force
their way into the United States by the
way of Mexico, British Columbia and
Canada, but these attempts have been eff
GENTLY met and unlawful immigration not
only checked, but in most instances wholly
arrested" He says the policy of returning
Chinese 10 their own country will be con-
tinued If sufficient appropriation is made.
The Secretary urges legislation creating g
new ports of delivery in Alaska. He re.
fers briefly to the lease OF the seal islands
and the successful operation Of civil service
in the Donqrtmppt