The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1891-12-23
TIE TREASURY REPORT.
Review of the Financial Con.
diti0n Of the United States.
Revenues and Expenditures Of the
Government for the Year.

The annual report Of Secretary Foster Of
the Treasury, just submitted to tine Presi-
dent at Washington, is almost exclusively a
resume Of the reports Of the subordinate
Treasury officials.
The total receipts Of the Government for
1891 fell off IS, as, s47. 50 from those Of 1890
and the ordinary expenditures increased
s57, 636, l9s. IA. The receipts from all sources
were SASS, 544, 233. 03, and the expenditures
were S421, 3A, 470. 46, leaving a surplus of
s37,2S9. 1921; applied to the public debt,
S134. 947, 1886. As.
The revenues for the present fiscal year ara
estimated at s433, 0Oo, 900 and the expendi-
lures at S409, 000, 900. The estimated rev.
enues for the fiscal year 1898 are $455, 1885,
1904, and the estimated requirements, e1-
elusive OF sinking fund, SAL, 800, 093.61.
The estimated receipts from customs are
$195, QUO, 900.
The Secretary explains briefly the causes
which led to the refunding of the AIS at 2
per cent. and announces that the amount of
those bonds now outstanding and on interest
at 9 per cent. Is S25, 1874, 500. z
After summarizing the published reports
Of the Treasurer and Mint Director, the Sec
rotary recommends the continuance of the
recoinage Of uncurrents silver coin, the loss OF
metal to be made good from the silver profit
fund,"or an appropriation Of 800, 900 to be
made for that purpose. The recommends
tions Of the late Secretary of the Treasury
in regard to amendments OF the lawsrelating
to the administration of the Customs service
are made by Secretary Foster.
The total internal revenue receipts were
SIG, OBS, 1887, a gain OF 81, 440, 1910 over
1890. The receipts from manufactured tobac-
co fell off 81, 1872, 720. 04. There was an increase
Of Sic, 5A.69 in the cost OF collection.
The total production OF distilled spirits
in the fiscal year, exclusive OF fruit
brandies, was 115,96a, $50 gallons, an in
crease of 66S6,461 gallons; Of fruit bran-
dies, 1,S04,7l2 gallons, as. against 1,S25,S10
gallons in the fiscal year of 1900 The num-
Der Of distilleries operated decreased 1892.
There was an increase OF 1885, 265 barrels in
the production of beer. 1t is estimated that
the internal revenue receipts for the current
fiscal year will be Sl50-OO0 900.
A large portion Of the Secretary's report
Is devoted tr the Statistics Of Exports and
Imports. The total value of our foreign
commerce during the year was 81. 12y, Y97,-
006, an increase Of $82, 251,9 I3 over tle prece-
ding year. The value of imports was SS4,.
DIG, T96, an increase of $55,6 800, 49,, and that
Of exports was 1854. $50, $40, an increase of
SET, $50, reg; excess Of exports over imports,
$50, 584. 614, against an excess in 1890 OF
S6S, SIS, 2z5. The excess Of exports Of gold
and silver over imports. was $12.69h 195;
total exports Of silver and gold, SOS, 053,-
642; total exports of gold, $685. 62, 654; total
imports Of silver and gold, $685. 5s, HI; total
imports of gold, SIS, 567. An excess Of
s1sS. $40 in;the imports OF gold in ores and
ores and copper matte Is recorded. The Sec
rotary says:
The value Of our total trade in merchnn-i
disc with Great Britain and ireland
amounted to $40, 1877. 2SS. of which the value
of exports was S445, Ala ,036 and the value OF
imports S194, Ts3 363, showing an ex-
cess In exports OF Sa50.69 76f. Our Inn
port and export trade with Great Britain
and ireland forms thirty-seven per cent. OF
such trade with all nations, and about fifty
five per cent. oil. such trade with all Europe.
Our trade with North America, including the
West Indies, stands next in value, followed
by that with South America and that with
Asia and Oceanica. Our trade With Ger
MANY showed an excess of imports OF 81
$50, 927; with France. Of SIS, go. sos. In our
total trade with Europe the excess Of exports
over imports was $245, 4a2 ,675.
Our in merchandise with North
America, including Mexico. Central Amer
lea and West Indies, amounted to S259.-
ia. POS. OF which the value or the imports
was s16S, 226. Oh and OF the exports $685.
549, l2s. an excess Of imports Of $685..
$50.
Our total trade with South America in
merchandise amounted to Sl52, ~, 95S, Of
which the value Of the imports was Sis. 1885,
66s and of the exports SIS, 7Os, 29O, an excess
OF imports of SS5, or, 37S.
The total value of exports Of domestic
merchandise was Ss72, go. 2S3. an increase Of
SOS. 976, 455 over the exports of the preceding
fiscal year, 1890, and was greater than that
of any year except 1881.
During the last fiscal year the value OF
imports Of merchandise was ssh, GIG, 1875, al
increase Of S55, COS, 7s7 over the imports OF
the fiscal year 1890. The value Of free mer.
chandise imported was 1856. 241, 352. and OF
Gutiable was $478,6 4, SA, an increase
in the value Of free merchandise OF
800, ST., 7oo3, and decrease in the value OF
dutiable goods Of IN. 966 ,936, caused mainly
by the transfer of sugar and certain textiles
from the dutiable to che free list by the new
tariff.
The Secretary notes an increase in experts
to Brazil of 81, S07, 054.
The total number of immigrants arriving
was $50, 319, an increase Of los, OIL.
Good progress has been made III enforcing
the Alien Labor laws.
The Secretary commends the Ship SUBSIDY
law and advises that no backward step b.