The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-12-02

Anlessnts Collected From varions sources
and How Dssbnrsed.

Anaossnts Collected From Vartons sources
and How Dssbarsed.
The revenues OF the government from all
sources for the fiscal year ending juno 10,
fsa0. we're S4es, pa3. .os0.5S, and the total eA-.
Denditures for the saInc period weFv s35s,-
DIS, SO. The postal receipts have not
heretofore been included IN the statement
OF these aggregates. and for the purpose of
comparison the sum OF 500. .ss2,o9 9 should
be deducted from both sides of the account
Tho surplus for the year, Including the
amount applied 20 tie sinking fund, was
sizes. .sa4. 496.03 The receipts for 1890 were
Sic. .oa0, ,pa3.7p. and the expenditures siS.930,-
S7l in excess OF those OF 1889. The customs
receipts Increased S.. s3a. s42.ss, and the
receipts from internal revenues sii, 125, lDt.-
50. while, on the side Of expenditures, thai
for pensions was s1a,5ie.01s.D6 In excess Of
the preceding year.
The treasury statement for the current
fiscal year. partly actual and partly csti-
inafrd. fs as f0ffows: Receipts froM All
sources. S40S. .eo0, 600; total expenditures.
@3S8. GOO. 900; leaving q surplus OF sa2s000.-
000. not taklng the postal receipts into the
account on either side. The loss Of reFenue
from customs for the first quarter II e@tl-
mated al s2b. .0e0, GOO. but from this Is de-
Quoted a gain OF about $4,000, 600, realized
during the first four months of the wear,
For the year 1880 the total estimated re-
ceipts are S3T3. 7oo,0G0 and the estimated
expenditures skss .s5s, ,200. ~, leaving an
estimated surplus Of xib.iAI,Gp0.5s. which,
with d cash balance Of s52 .000, 900 at the be-
ginning Of the year, win give So, i4s ,7v0.Ss
as tile sum available for the redemption OF
outstanding bonds or other uses. The esti-
mates OF receipts and expenditures for the
poatofiicc department being equal are NOT
included ia this statement on either side.
The act directing the pnrchase OF silver
bullion and the issue OF treasury notes
thereon, approved July "a, lsp0, bad been
administered by the secretary of the treas
ury with an earnest purpose 20 get Into cir
eusation at the earliest possible dates the
full monthly amounts Of treasury notes
contemplated hy ifs provisions. and ~ the
same time 10 give 10 the market for silver
balhon such support as the ias contem*
plates. The recent depreciation Ia the
price Of silver has been observed with re-
gret. The rapid rise In price which an
tlcipafed and followed the passage Of the
| act wms influenced In some degree ny specu-
latAon. aud the recent reaction II IN part
| the result OF tho same cause ana in
| part Of the recent monetary disturbances.
Some months Of further trial viii be neces-
anry to determine the permanent effect 81
/ the recent Legislation upon silver values
\ hut Ii n gratifying % know that the in-
l creased circulation securcd ~ the act has
excgted and will continue 10 exert . mosl
/ beneficial influence upon business and upon
/ thought best 90 renew formally the snEses-
| tlon OF nn international conferences looking
4 10 an agreem4snt touching the full nse 0l
l silver for coinage nt unifurm ratio. card
\ has bern taken fa observe closely ans
| change m the sitnnti0n abroad, aud ne
favorable opportunity WILL be lost 20 promote
la result which u + Confidently
belieVed wonld confer rnFy laEgs
benefits upon the commerce OF the world
| The recent monetary disturbances In Eng
land are rot nnlIkely "a sngReMt re-@AanA.
lnatt0n OF opinions upon this sabject. nul
very large supply OF gold Will. II NOT Host bs
lmpnlsive legislation N the supposed inter-
est Of silver, give uAa position oF adF Faneagi
la promoting a permanent aud saf1 Inter
. national agFcegnent Tor the free III ~ sil'
yer a. coin metal. The eF0rss 81 the sec
rotary to>IncreAse SHE volume III money ~
circulation hy keeping down ihe treasnv,
surplus 10 the lowest practicable limit hav'
been unremltting and In very hiEb deEre'
| successful. The tables presented BY him
showing the Increase of money in eircusa
tlon during the last two decades. ana aape
elalIy tho table showing the ineFease darin