The San Saba weekly news. (San Saba, Tex.) 18??-1???, 1891-12-18

treasury ,leiartintnt has tietn mutn mig
meuted during The last car by reason of the
conflicting pr dictions which accompanied
and followed the iuriu and other LEGISLATION
of inc last congress affecting the revenues as
10 the results OF this legislation upon the treas
firy and up0u she country. On the one hand
IL was considered that imports would 81 fan
oil as Ia leave the treasury bankrupt. and that
the prices OF articles entering into the living
OF the people wOuld be 50 enhanced rs to dis
osfrOUsiy affect their comfort ana happlnes',
while on the other il WAS argued TINT the loss
so the revenue, largely the result OF placing
sugar on the free liS1, would be direct
gam 10 the people, tnat the prices OF neces-
saries o. lie, lnciudinsthose most highly pro
tccted would not be enhanced, taut labor
would have q larger market and the produt +
OF the fJril advanced prices, while the treasury
surDius receipts would he adequate to meet the
appropriations including the large exceptional
expenditure for the reiunding of the states Of
direct tax, and the redemption Of the Al per
cent bonds
It's not my purpose 70 enter at any length
70 o discussion OF the effects OF the e-iSlatiOn
10 which / have referred: but bret eAamiua
ticu OF the statistics OF the treasury and
general lance 81: he state OF business through
out the country Will ] think. satisfy any in
partial inquirer that It's results have dlsap
Oiuted the evil prophecies OF its opponents ana
IN q large measure realized the hopeful pre-
q Ct.Ous of its friends Rarely, II ever before,
iu the his DRY Of the country has there been q
time when the proceeds of one days labor or
tie product OF one farnel acr- would pur-
chase 80 large an amount OF these things that
enter INTO the living Of the masses Of the people.
l believe that full lest viii develop
the fact that the tariff act OF the Fifty-tirst
congress is very favorable in Its average fleet
upon the prices of articles entering into com
mon use During the twelve months from
October !. lStj 10 September 20, 1881. the total
value OF our foreign commerce imports and
exports combined WAS 81 ~ ,sj,4td. which
was tine largest of any year in the history OF
the United states The largest in any prcvi-
ous year was IN ls9l when our commerce
amounted to 45.lN,0IJ. C::,i in the hast year
exceeds this enormous aggregate 10y over
slu0O0GO. II IS interesting. and 10 some
viii be surprising. 10 know that during the
year cndI g September 30 1891. our imports Of
merchandise amounts 10 $50 alj,2lO. which
WAS AN increase OF more THAI ellNOlWo over
the value of the imports of the corrcSp 1uGiUk
months OF the preceding year when the i'm
ports of merchandise were unusually l9rgc in
anticipation OF the tariff legislation then
pending. The average annual value of the
imports OF merchandise Tor the ten year
from 1851 to ls9l was s6E3. lS6.l22 and during
The year fndi0g September 20. 1881, this an
nual average WIS exceeded hY Sl32, Is, 49,
The Vulue OF tSCc imp rtS ling the u
months. ending &pt- -. ISL WIS 81 =. u4r9.3sS
more than the value OF free imports during
The corresponding twelve months OF the pre-
crding yesr. and there was during the same
period decrease of slOd Si6J in the value Of
imports of dutiable merchandise. The per
centage Of merchandise admitted free Of duty
during the year TO which have reference. the
irst under the new taTIii. was ISIS. while dur
ing the preceding twelve months under the
al tariff. The percentage was sI.27. an increase
OF 1891 per cent. II we take the six months,
ending sept 81 last, which covers the time
during which sugars have been admitted free
of duty. the per cent of value of merchandise
imported free of duty is found to be 55iji.
which Is - larger percentage OF free imports
than dur ing any prior fiscal year in the hlStOrJ
81 tic government We turn TO exports Of
merchandise, the statistics are fun OF graiin-
cutiou Tie whole Of such exports OF mcr-
chaudisc Tor the twelve months. end
ing September 20, 1881, was sGiO1l.l9
while the corresponding previous
twelve months it was SIS, l5l,lla,
au increase Of Si2 9l4.t2l which is nearly thre"
times the average annual increase OF exports
OF merchandise during any year in tue history
OF the government. The inc ease in the value
of exports Of agricultural products during the
year Ss!erred 70 Yer The corresponding
twelve months OF the prior year vas 81 Sij ~.
while the increase in the value OF exports of
manufactured products was sldS 3S240.
There Is certainly nothing in the cond ton of
trade foreign or domestic; there Is certainly
nothing in the condition OF our people of any
class 20 sugg st that the existing tariff and
revenue legislation bears oppressiyelS unon
the people OF retards the commercial develop
ment OF the nation 1t may be argued that our
nditlOn would be better il our tariff lecisla
tOu We're upon "a free trade basis but IL can
not De denied that all the conditions OF pros
pority and OF general cOutentment are present
IN larger degree than ever before in our h S
tory ana that too, just when 1t was prophesied
they would be in worse state ana agitation
for radical changes in tariff and financial lerI9
lation cannot help, but may seriously impede
business, to the prosperity OF which some
degree of the suibiiity in legislation IS essen
tin.
| think there are Conclusive evidences that
the new tariff has created seyerai great indus
tries which will, within a few years give en-
ploymcnt to several hundred thousand Amer
lean working men and women. In view of the
somewhat overcrowded condition of the labor
market OF the United States, every patriotic
citizen should rejoice ut such a result.
Condition Of the Treasury Z=d Finance.
The report Of the secretary OF the treasury
shows that the total receipts Of the govern
ment from all sources for the fiscal year end
ing June 30 1881, were S45s.54 .2a303. while the
expenditures for the same period were st2l !
304, i7O.46. leaving n surplus of 81 ~, 1b2.nl
The receipts of the fiscal year ending June 81.
1852, actual and estimated. are s433tu9,O0O and
the expenditures Sf09,OOO,O00. For the tsc-l
year ending June 80. 1888, the estimated
receipts are Sii5.S36 $50 and the expenditures
1851 3UO,0Sj. Under the law of July II, $50 the
secretary of the treasury has purChaged since
August -, during the fiscal year, 4S3S3tl l5