Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1891-12-17
NATIONAL FINANCES.
annual Report Of the Secretary of
the Treasury Sent to
Congress.
Summarized Accounts of Receipts and
Expenditures for the
Year.
Several Recommendations i'm the In
tereSt of Economy and Eff
cheney of Service.


cheney of Service.
WASHINGTON, Dec 9.-The annual re-
port of the secretary of the treasury was
sent to congress today.
The revenues of the government from
all sources for the fiscal year ended June
30, 1891, were:
From customs . S219, 500, 205 %
From internal revenue. las, 1856, 249 A
From profits on coinage,
bullion deposits, and
assays -. ......... 7,701 ,99l 80
From sales of public
lands. ............. 1902, 595 Al
From fees--conSular, let
tiers patent, and land. 3,019,7S1 81
From sinking fund tor
Pacific railways. .. 1926, 359 81
From tax on national
banks ............. 1,236,O42 60
From customs fees, fines,
penalties, and forfeit
ures .......... 966, 12l 80
From repayment of IN
terest by Pacific rail-
ways ................ s23, 1904 o.
From sales of Indian
lands. ............... 6O2,545 SO
From soldiers home, per-
manent fund. -. 3OS,648 "a
From tax on seal skins. 269.673 SO
From immigrant fund. 292, 27l 90
From sales of govern
ment property. ....... 259. 379 05
From deposits of survey
ing public lands 13l 400 80
From Nashville and
Chattanooga Railroad
company ............ 100000 90
From sales of ordnance
material. =. 1872, 6es Oh
From sales of condemned
naval vessels. ........ 1907 Sc
From depredations on
public lands. 55,9O5 SO
From the District of Co.
lumbia .............. 2,s5s, 897 "A
From miscellaneous sour
ces .............. 1,S25.SO6 IS
From postal service 80. IS, 1881, 705 ~
Total receipts. ...... S45o, 544, 233 o.
The expenditures for the same period
were:
For the civil establish
ment,, including for
eign intercourse, public
buildings, collecting
therevenues, defrlen-
cy in postal revenues,
reblte of tax on tobac-
co, refund of direct
taxes, French spoila-
zion claims, District
of Columbia, and other
miscellaneous expenses S11O, O4S, 167 40
For the military estab-
Iishment, including
rivers and harhors,
forts, arsenals and sea
coast defenses . 4S, 72Q, O65 Ol
For the naval establish
ment, including con-
struction of new yes
sells, machinery, arma-
ment, equipment, and
inn rovement at navy
wards ... 26,1l3, 1896 46
For Indian services. 80. S,oIl, 4o9 vi
For pensions. .......... Ia, fla, 9ol ~
For interest on TIE pub
lie deDt oI,oft' Ioo %
Fer postal service. .. $685.. 705 ~
Total expenditure 421, 3O4,47O 46
Leaving a surplus of 80. 1929, 1852 81
The monetary transactions of the gov
eminent have been conducted through the
treasurer of the United States, nine sub
treasury officers, and two hundred ard
thirteen national bank depositaries. The
number of such depositaries on November
|. 1891, was one hundred and eighty
three, and the amount of public N moneys
held by them ON that date, including
those to credit Of the treasurers general
account and United States discussing
officers. was $40, 106, 876 80, reduction
since November /, 1890, in number of
twenty one, and in amount of holdings Of
SO, 30,8l076.
The subject Of the circulation has been
unusually prominent since the last annual
report. The stringency in the money
market during the summer and autumn
of 1890 was relieved by the prompt and
effective measures of my predecessor, and
happily disappeared without producing
the grave consequences when were feared
by the public; but its existence, and the
widespread apprehension which it caused,
induced revival of the erroneous id a
that the volume of money in circulation
w DIS mo- IhdNC1ubCO w VIZ i-O~e' VI
the country, but was very much less per
capita than during the so-called flush
times which followed the civil war.
The coinage of the mint during the last
fiscal year was the largest in the history
of the mint in this country, aggregating
119, SAT, 877 pieces valued as follows:
Gold S24,172, 300 so
Silver dollars .... 36,232, 802 90
Subsidiary silver ...... 1893 l8 50
Minor coins ........ 1,l66, 93b 5O
j 0tal. poo,oll ,loo ~
| invite attention to, and earnestly re-
new, the recommendation of my predeces-
sor concerning needed amendments to the
laws relating to the administration of the
customs service. | quote from his an
nual report:
First. The increase of the permanent
appropriation for the expense OF collecting
the revenue from customs,
Second. The compensation of all col
letters Of customs by fixed salaries, and
the adjustment of all fees, commissions,
perquisites and emoluments.
Third. The consolidation Of customs
districts, demanded alike for reasons OF
economy and the changed condition OF
commerce and transportation.