Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1890-12-09
FINANCIAL CONDITION.
Revenues and Expenditures of the Gov
eminent During the Past Year.


The revenues of the government from
all sources for the fiscal year ending June
30, 1890, were s463, 1855, 080.55, and the
total expenditures for the same period
were 1858, 6l8, 584.52. The postal receipts
have not heretofore been included in the
statement of these aggregates, and for the
purpose OF comparison $50, 1882, 037. 02
should be deducted from both sides of
the account. The surplus for the year,
including the amount applied to the
sinking fund, was sos, 344 ,496.03. The
receipts for 1890 were Sic, 030, 923.79, and
the expenditures were 1857 ,398.71 in ex-
cess OF those of 1899. The customs re-
ceipts increased $3.50, 5S4, 2SS, and the re-
celpts of internal revenue were 81, 725,-
1O1.89, while on the side of expenditures
that for pensions was 1912 ,07596 in
excess of the preceding year. The treas
ury statement for the current fiscal wear.
partly actual end partly estimated, is as
follows: Receipts from all sources, $780,
100000; total expenditures, 1854, 900 900 :;
leaving surplus of 1852 900, 900, not
taking the postal receipts into the &C
count on either side. The loss of rev.
enue from customs for the last quarter
was $25 900, 900, but from this is de-
Quoted gain of about $4,000, 900, real
lied during the first four months of the
year.
For the year 1892 the total estimated
receipts are S373, 000, 900, and the es-
timated expenditures 1886, 853, 200. AZ,
leaving an estimated surplus of $l5, l47.-
790.5S, which, with a cash balance of
So, 100000 at the beginning of the year,
will give s67, 147, 1888, as the sum avail
able for the redemption of outstanding
bonds or other uses. Estimates of re-
eeipts and expenditures for the post
office department being equal, are not
included in this statement on either
side.
PURCHASE OF SILVER BULLION.
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 pur-
pose to get into circulation at the
earliest possible dates the full
monthly amount of notes contemplated
by its provisions, and at the same time
to give to the market for silver bullion
The recent depreciation in the price q,
silver has been observed with regret
The rapid rise in price which anticinatee
and followed the passage of the act, wa
influenced in some degree and wa
followed by speculation. and the re
action is part Of the result of the sam,
cause and part OF the recent mone'ary
disturbances. Some months of furthe,
trial will be necessary to determine the
permanent effect oi the recent legsla
tion upon silver values, hut it is graft
iying to know that the increased crcu-
lation secured by the act has eyerte,
and will continue to exert 4 most bene
fetal influence on business and upoI
general values. While il has not been
hOught best 10 renew formally effort
toward the converting OF an international
conference looking 10 an agreement
touching the full use OF silver Tor coinae,
Of a uniform ratio, care has been takel
To observe closely any change in TIA,
situation abroad and no iavorahl-
pp0rlunity will be lost to promote
result which. it is confidently believed
would confer very large benefits upo1
the commerce OF the world The rpceu
onetary disturbances in England mr.
not unlikely TO suggest 4 re-eNamiuatio'
NJ opinions upon this 81 ject. Our yer
large supply Of gold will, il not lost b
mpulsive legislation in the suppose
interest of silver, = We us a position
advantage in promoting safe in'e'
national agreement for the free use of
silver as coin metal.
KEEPING DOWN THE SURPLUS.
The efforts of the secretary to increase
the volume of money in circulation by
5eeping down the treasury surplus to
he lowest practicable limit have been
1nle hitting, and in very high degree
successful. TIE tables presented by
him, showing the increase OF money in
circulation during the last two decades
aud especially the table showing the in