Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1890-12-04
MAO Countrr,s Finances.

RECEIPTS AND EXPENDITURES.
The revenues OF the Government from all
sources for the fiscal year ending June 30
1890, were SOB 963 0s055 and the total ex-
pendtures for the same period were 1858 6lS,-
5S4.5 The postal receipts have not here
tofore been included in the statement
OF these aggregates, and for the pur-
pose of comparison the sum Of $50. $50 097 %
should be deducted from both sides of the &C
count. The surplus for the year including the
amount applied TO the sinking fund. was Sl05,
Si4.496 uS. The receipts for 1890 were $4,000
W23 ~ and the expenditures SIS 7S9, ST. in
OF those OF 1889 The Gust ms receipts increased
g. S35 81. ~ and the rect hts from internal rev.
enue 81. 525 l9i SO. while, on the side Of expend
itures, that for pensions was $40 Sl2 075 90 IN
cess 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,
000oo total expenditures. s854. 600 COO leaving
a surplus Of So 900 000-not taking the postal
receipts into account on either side. The loss
OF revenue from customs for the last quarter is
estimated at s25.o0o.OOO, but from this is de-
Quoted gain OF about Sl6.00O00, realized dur
ing the nrst four months Of the year
For the year 1872 the local estimated receipts
are &7SoOo0o0 and the estimated expenditures
SIS, 49,. s09 40 leaving an estimated surplus Of
el5,lf7. 7pQ5S which, with cash balance OF
S52 10000 NJ the beginning of the year will give
s67, III, 9p05S as the sum available for the re-
demption OF outstanding bonds or other uses
The estimates Of receipts and expenditures for
the Post once Department being equal, are not
included IN this statement on either side.
THE SILVER QUESTION.
The act directing the purchase Of silver
bullion and issue OF Treasury notes thereon, .
approved July Is. 1880. has been administered
by the Secretary OF the Treasury with an earn
est purpose to get into circulation az the earliest
possible dates the full monthly amounts Of
Treasury notes contemplated by its provisions
and at the same time 10 give to the market for
silver bullion such support as the law con
templates. The recent depreciation 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 speculation ana the recent
reaction Is IN part the result Of the same
cause and in part Of the recent monetary dis.
turbances.
Some months of further trial will be neces-
sary 10 determine the permanent eject OF the
recent legislation upon silver values. but il
is gratifying To know that the increased circu-
lation secured by The act has eXerted and will
[ continue 10 exert "a most beneficial influence
/ upon business ana upon general values
While IL has not been thought best 10 renew
! formally the suggestion Of an international
/ conference looking 10 an agreement touching
/ the fun use Of silver for coinage at a uniform
! ratio, care has been taken 10 observe closely
/ any change In the situation abroad and no IA
/ vorahae opportunity Will be lost to promote q
result which II Is confidently believed would
| confer very large benedts upon the commerce
/ Of the world
The recent monetary disturbances in En-
/ gland are not unlikely - slgg ar -eNamins-
ton Of 81 inions upon this SUBJECT Our very
| large supply Of gold will II net lost by i'm.
/ pulsive legislation in the supposed interest OF
| silver, give position of advantage in pro-
| noting permanent aud safe international
| agree ment for the free use Of silver coin
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