Waterbury evening Democrat., 1891-12-10
NATIONAL FINANCES
Annual Report of the Secre'
 tary of the Treasury.
A FALLING OFF IN RECEIPTS.
Amount of Money in Circulation Has
 Been Largely Increased.

The Value of Exports and Imports Great
 CT than for any Previous Year The
 Subsidy OuostiOn-The Matter of Immi-
 grafton to be Made the Subject of a
 Special CommuD icatiOn to Congress.
 WASHINGTON, Dec. 10.-The report of Secretary of the Ire asury Charles Eos ter shows the receipts of the depart ment for the fiscal year ending June 30 to have been $459, 544, 233. O3 and the ex- penditures $421, BOA, 470. 46, leaving a surplus of $37, 239, 762. 57. To the latter sum was added $57, 207, 975. 57. deposited in the Treasury under the act of July 15 1890, for the redemption of national bank notes; $9, 348, 715 deposited during the year ou the same account; $3, 810 re- received for per cent. bonds issued for interest accrued on refunding certifl- cates converted during the year, and $34, 132, 373. 16 taken from the cash balance in the Treasury, making a total of $l34, 947, 535. 4S which was applied to the payment of the public debt.
 As compared with the fiscal year of 189O the receipts for 1891 fell of $5,- 4lS, SAT. B. There was an increase of $57, 636, 18S. IA in the ordinary expendi- lures, included in which was the item, refund of direct taxes, $11, 521. 497."
 Secretary Foster renews the recom- mendation of his predecessor for 2 re- coinage of the uncurrent silver coins in the Treasury.
 The amount of money in circu lati on has been very largely increased since the close of the fiscal year. The amount July 1, 1891, was $1, 497, 440, 707, and the amount per capita tax was $23 Al. The ofrr @lo TTo;A AL operation of the Silver Act of July IA, 1890, and disbursements by the Treas ury on account of the 1-2 per cent. loan, pensions. etc., have enlarged the volume to $1, 577, 262, ,07O and the per capita tax to $24. 3S.
 The value of our foreign commerce. imports and exports of merchandise se- during the last fiscal year was greater than for any previous year. It amounted to $1, 729, 397, ,O06, as against $1 ,647, 139, :, O93 during the fiscal year 1890, an in crease of $S2, 257, 913.
 The value of imports of merchandise also during the last fiscal year was the largest ;n the history of our commerce, amounting to $944, 916, 196 as against $789, BIO, 409 during the fiscal year 1890, an increase of $55, 605, 787.
 The value of the exports of merchan- disc during the same period was $S84, 4S0, 00O, as against $S57, 828, 6S4 for the previous fiscal year, 1890, an increase of $26, 652, 126. The exports exceeded the importa of merchandise $39, 564, 614. The appropriation by the last Con- Gress of sum to compensate American built steamships for carrying the mails | will greatly encourage the building of | ships in the United States of the class to which the benefits of the act are limited, namely, those capable of 8 | speed in many cases of more than 20 statute miles an hour, for tho ousands of miles, without coaling, and will tend to the recovery of our share of the ocea n carrying trade of the world, in compe- | tition with the steamships of Great Britain, France and Germany. | Those nations, together with Spain | and Italy, have subsidized their lines of steam vessels in one form or another, | and they carry most of our exports, which are usually products of bulky nature, and constitute a very large and | profitable portion of the com merce of the | world.
 Our annual customs receipts sc arcely exceed the money paid annually to the owners of foreign vessels for the oce an | transportation of our fpeople and mer chandise, most of which large sum of about $2O0, 900, 900 would bs paid to our vessel owners under the fostering in luence of friendly legislation.
 | the supply of free arabic land in the United States only a trihing percentage of immigrants now engage Tn farming on their arrival in this country, what ever may have been their former occupa- tion. The vast majority of them crowd into our cities and large towns, with the inevitable result of overlooking the la bor market and depressing wages, while the least efficient and more vicious l d riP fnfn houses and prisons, to be 8 continuing burden upon our people. The laws al ready enacted by Congress for the pur- pose of checking this tendency and pre- venting che mischief which would result from unrestricted immigration have ac- complished something
 The attempt to enforce these laws effl- ctently has also developed body of in- formation, based on actual experience, which should be invaluable in framing 2 future legislation. While the applica- tion of existing laws has very greatly dim in shed some of the specific abuses al which they were aimed, it obviously has not prevented 8 large increase in the total volume of immigratio.. and di 8 tinct deterioration in it's average qu al
 ty
 Secretary Foster will address a special communication to Congress on the SUI b ject O. immigration, In which he will recommend additional restrictive meas urrS.
 Any legislation looking to exclu sio [ of the Chinese will fail of it's purpose sc long as the Canadian Government ad mits Chinese laborers to Canada, whence, armed with Cauadia perm its to leave and return to Canada at pleas ure, they are at liberty to invade ouI territory along it's entire northerI frontier.
 Wall Vote With the Democrats.
 NEW YORK, Dec. 10. - William Odair, elected in November to the As sembly from the Twenty second Distric