River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1890-12-04
The Country's finances.
RECEIPTS AND EXPENDITURES

RECEIPTS AND EAFENblEtHES-
The revenues Of the Government from all
sources Tor the fiscal year ending June 81,
lsgl were sos g63. Os1.55. and the total ex-
peuditures for the same period were s35s, 6iS,
tOsOre been Included in the statement
Of these aggrt gates, aud for the pur-
pose o. COMPARISON the sum OF soossS W. w
should be deducted from both sides OF the &C
count. The surplus for the year, including the
amount applied to the sinking fund. was sos. q
344. fs6 .O3. The receipts for 1890 were Sl6U50.-
gz3.79 and the exr enditures S5,539.SI1 in excess
% those Of IsS9 The customs receipts increased
-. 10 - and the receipts from internal rev
enue sIi.7s 1871 -. while, on the side Of expend-
itures. that for pensions was sl9,32O15.95 IN ex-
cess Of the preceding year.
The Treasury statement for the current
fiscal veur partly actual and partly estimat d.
Is as follows: Receipts from all sources. $40
0 0BO. total expenditures s 54.O9j 900. leaving
a surp US OF s52h0.0JO-Hot taklag the postal
receipts into account on either side. The loss
Of revenue from customs for the last quarter is
estimated at $4,000, but from this Is de-
Quoted a gain Of about 500 Q ID realized dur
ing the first four months OF the year.
For the year 1892. the local estimated receipts
are s}53.tOluu0. aud the estimated expenditures
s.S57 SS2 20Jg y leaving estimate. surplus OF
SIS III 74L5S which, with a cash ba ance of
S12U1luUO at the beginning OF the year, Will give
So. Ia 80 IS as the sum available for the re-
demption Of outstanding bonds or other uses.
The estimates q receipts and expenditures for
the Post Ollce Department being equal. are not
included in this statement on either side.
The SILVER QUESTION.
bullion and issue Of Treasury notes thereon"
approx a July "a. i-g0 has been administered
by the Secretary Of the Treasury with an earn
est purpose 10 get into circulation al the edrU st
possible dates the full monthly amounts OF
Treasury notes contemplated BY its provisions
and AZ the sumo time 10 give To the market for
silver bullion such SUI port as the law con
templates. The recent depreciation in the
D ice OF silver has been observed with regret
Z he rap.l rise IN price which anticipated and
fll.oWed the passage Of the act was influenced
in some degree by speculation. ana the recent
reaction i in Fart the result OF the same
sau~e and in part Of the recent monetary dis
some months OF further trial will be neces-
sary 10 determine the permanent effect OF the
recent legislation upon silver values. but II
is gratifying 10 know that the increased ctrcu-
lation secured by the act has cxcrted and will
continue 10 exert a most benehcial influence
upon business ami upon general values
While IL has not been thought best 10 renew
formally the suggestion Of an International
conf renee looking TO an agreement touching
the full use OF 81 yer for coinage at a uniform
ratio. care has been taken to tbserve close Y
any chan 20 in the situation abroad. and no IA
vOrahIe opport unity will be lost to promote a
result which it Is confidently believed would
confer very large benefits upon the commerce
Of the wufld-
The recent monetary disturbances in En-
gland are MT UNLIKELY u sIGg II a re eNamina-
Il Il opinions upon this subject Our very
large supply OF gold Will II not lost by i'm.
pul>ive legislation in the supposed interest Of
-ilver give Us position Of advantage in pro-
noting a permanent and safe international
agreement for the free use OF silver as a coin
ABOUT CIRCULATION.
The efforts OF the Secretary TO increase the
volume Of money in circulation by keeping
down the Treasury surplus TO the lowest prac-
ticable limit have be n unremitting and in a
very high degre successful The tables pre-
scented BY him. showing the increase OF money
[ in circulation during the last two decad :,
aud especially the table showing the increase
during the nineteen months he has admins
tered the affairs OF the department, are
interesting and instructive. The increase Of
money in circulation during The nineteen
months has been in the aggregate s93s66.si3, or
ahaut 81 % per capita, and Of this Increase on y
I . i0lt0l was due 10 the recent silver legisla-
ton That this substantial and needed aid
Z given TO commerce resulted in an enormous re-
ductiOn q the public debt and Of the annual in
terest charge j. matter Of increased satisfac-
tiou There have been pun chased and rede med
1 since March : 1871 and "a per cent. bonds TO
the amount OF sal .ss f5J, at cost OF $3.50 go,
al. resulting in the reduction Of the annual in
terest charge Of ; es7, 69. and total saving Of
I interest Of s5L57B.705
/ Inotice with great pleasure the statement Of
i the Secretary that the receipts from internal
revenues have increased during the last fiscal
year nearly SlSul0O. and that the cost OF col
I iectinr this larger revenue was less by $50 6l7
than for the same purpose in the preceding
year Tue percentage q cost OF collecting the
customs revenue was less Tor the last nscal year
than ever before.
THE CUSTOMS sERvIrE
I The Customs Administration Board provided
/ Tor by the act Of June 20. l,90 was selected
& win E-e4A care ana II NNA-fp1tA AZ par -
men whose previous experience In the al
Z m t-istration q the Cll customs regulations
/ had made them familiar with the evils
( u be rene died. and in part of men whose
{ Legal sud judicial requirements and experience
{ seemed 10 IL them for the work OF inter
pretiug and applying the new statute. The
Z chief aim 81 the law l. 10 secure honest val
nations Of all dutiabie merch audiiSe and to
make these valuations uniform at all our
ports OF entry. IL has been made manifest by
I 4 Congressional investigation that a system OF
naturalization had been long In use by certain
I classes Of importers. resulting not only IN a
1 great loss Of revenue but in a most intolerab G
discrimination against honesty II i not seen
{ how cnis latiou when Il is understood can
4 be regarded by the citizens OF any country
Z having commercial dealings with us as IN
friendly. IL any duty is supposed TO be ex
I cessive let the complaint be lodged there II
I will surely rot De- claim a by any We ldisposed
people that a remedy may BE- sought and al
I lowed in a system OF quasi smuggling