Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1890-12-04
Domestic Matters,
RECEIPTS AND EXPENSES.

RECEIPTS AND EXPENSES.
The revenues of the Government from all
sources for the fiscal year ended June 3O 1890,
were S493, 1858 OSO.55, and the total expenditures
for the same period were S35S, ,64S, ,5S452 The
postal receipts have not heretofore been in
cluded in the statement of these aggregates,
and for the purpose of comparison the sum
of S6S, ,s42, ,097.92 should be divided from both
sides of the account. The surplus for the
year, including the amount applied to the
sinking fund, was Sl05 5,344, 1868. The re-
ceipts for 1890 were SIC, ,O3O 923.79 and the ex-
penditures Sl5, 1895 81 in excess of 1889. The
customs receipts increased S5'S35, ,S42.SS,
and the receipts for internal rev
enue SI1, ,725, ,I9l.S9, while, on the side
of expenditures, that for pensions was S19,-
12,O75.96 in excess 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,
| 100000; total expenditures, S354, $1,000, leav
| ing a surplus of S52,OOO,OOO, not taking the
| postal receipts into account on either side.
| The loss of revenue from customs for the
last quarter is estimated at S25,OOOOOO, but
from this is deducted a gain of $l6,OOO,OGO
| realized during the first four months of the
! year.
For the year of 1892 the estimated receipts
| are SS73, 100000 and the estimated expendit-
ures S357, ,352 ,2O9.42, leaving an estimated sur
plus of 81, ,147, ,79O.5S, which, with cash bal
| ance of So 100000 at the beginning of the
year, will give S67, IA, ,79O5S as the sum avail
/ able for the redemption of outstanding bonds
| or other uses. The estimates of receipts and
| expenditures for the Post office Department
| being equal are not included in the state
| ment on either side.
SILVER CIRCULATION.
| The act directing the purchase of silver
| bullion and the issue of Treasury notes there
| on,' approved June II, 1890, has been admin
istered by the Secretary of the Treasury with
an earnest purpose to get into circulation at
| the earliest possible date the full monthly
amount of Treasury notes contemplated by
| his provisions and at the same time to give
| to the market for silver bullion such support
i as the law contemplates. The recent specu-
| lation 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 by specu-
| lation, and the recent reaction is in part the
| result of the same cause and in part of the
| recent monetary disturbances.
| Some months of further trial will be neces-
| sary to determine the effect of recent legisla-
| ton upon silver values, but it is gratifying
| to know that the increased circulation Sc
cured by the act has exerted and will con-
| tinue to exert a more beneficial influence
| upon business upon general values.
| While it has not been thought best to renew
| formally the suggestion of an international
| conference looking to an agreement touch
/
| form ratio, care has been taken to observe
| closely any change in the situation abroad
| and no favorable opportunity will be loot to
| promote result which is confidently be-
| neVed would confer very large benefits upon
the commerce of the world. The recent
| monetary disturbances in England are not
| likely to suggest a denomination of opin-
| ions upon this subject. Our very large sup
| ply OF gold will, if not lost by impulsive leg
islation in the supposed interest of silver,
| give US position of advantage in procuring
| permanent and safe international agree
| ment for the free use of silver as coin metal.
| INTERNAL REVENUE.
notice with great pleasure the statement
OF the Secretary that the receipts from inter-
| nal revenue have increased during the last
fiscal year nearly 81, ,O0O, co., and that the cost
| OF collecting that large revenue was less by
| SSO,6l7 than for the same proportion in the
preceding year. The percentage of cost of
collecting the customs rvenue was less for
the last fiscal year than ever before.
| THE ARMY.
/ The report of the Secretary of War shows
several gratifying results attained during
/ the year by wise and unostentatiOus meth
/ ods. The percentage of desertions from the
army (an evil for which both Congress and
/ the department have been long seeking a
| remedy has been reduced during the past
1 year "A per cent, and for the months Of
August and September, during which time
the favorable effects of the act of June
10 were felt, 81 per cent, as COM
/ pared with the same month of 1889.
The results attained by reorganization and
consolidation of the divisions having charge
2t the hospital aud service records Of the