The morning call., 1891-12-10
s4o9, 600, 600. leaving an estimated surplus for
the year OF S24, ,00O,0

s4o9, 600, 600. leaving an estimated surplus for
the year OF 24.o0O,000.
The report estimates the cash balance avail
able June 80, 1892. at $780, 600. The esti-
mated revenues for the fiscal year 1898 areS455,-
35o,35o, the estimated appropriations required
departments, SAL 800, ,093. leaving surplus OF
Sl4. 4.o36 256. The requirements of the sink
ihg iund for the current fiscal year are estimated
AT SIo 9I3U25. The Secretary details the fig
u!es oil 412 per cent bond transactions, which
nave already been made public. He speaks Of
me wIthdIawal OF the public moneys from the Ma.
llonai Dahk depositaries, and says that further
Withdrawals VIII be made ftom time to time
when II can be done without detriment to the
business interests. The amount OF money In
eirculation has largely increased since the close
OF he fiscal year. The amount on July st was
81 ,431 ,44O and amount per capita S23 Al. Since
lhen tile return OF gold TO this country, the oper-
alton of the Silver Act and The disbursements on
account OF bond redemutions, pensions, etc.,
capita 10 S24 SO.
PURCHASE OF PRECIOUS METALS.
The Secretary gives statistics as to deposits
ahd purchases of precious metals, til G coinage of
lne mlnts, which was Ihe largest In the history
OF The country. aud all of which has been sum-
married. In The bureau reports. The total
amount OF silver bullion purchased under the
ACT OF r., February 1873. up 10 August Is. 1890.
was so. .635, ,576.19 standard ounces, costing
S3oo. 9,26l, an average of 81 053 per ounce
me; me; Inc amount purchased from August 13,
1870 10 June 30 1891 under tie new act, was
% % .0,i ~, ,iZo0l standard ounces. costing $5O,-
51 ,f9S, an average of S1045 per ounce tine.
Up 10 November 1St last the total purchase
under the new act was &C, ,5SS, $50 ounces
me- costing S6S,626, ,5G5, an average of
Sl.O3. The Secretary makes recommendations
regarding the fecOnage of uncuren; silver cOlu,
eIc., aud urges the erection of a new mint at
Philadelphia. Touching the national banks lie
calls attention 10 the report OF the Comptroller
OF the Currency, and indOrses that officers sug-
gestions as to the amendments necessary In the
present law. On the tariff the Secretary gives
nghies and comparisons, Which are also 10 be
1ound III the Presidents message, and argues in
FAVOR OF The present tarin. He earnestly reneWs
me me recommendations of Secretary Windom for
the amendment OF the laws relating TO The ad-
ministratlon of the customs service.
CONCERNING IN1MIGRATION
Tie Secretary deyOles much space 10 the i'm
migration question, Of which lie says II ever
there was one Which ought to be trea' ed inde-
pendsntty this Is 1t. The Chinese question i also
considered at some length dwelling especially on
the smuggling OF Them III til rough Canada. The
Attorney General, lie says, has expressed his
opinion that the act OF September l3, 1888, is
not IN force as the treaty had not been ratified,
and that the acts OF May, 1882 and July, 1884,
stlll control. Unless Congress shall enact new
legislation upon the subj CT it would seem that
anY Chinese laborer may lawfully enter this
country aiter May 6, 1892, unless lie shall have
previously resided here, III which case admission
Is prohibited. Any legislation, however, look
ing TO tile exclusion Will fail of the full purpose
as long as the Canadiin Government admits
Chlnese la ofefs to Canada, VII nee, armed
Win Canadian permits 10 leave and return to Cau-
ada at pleasure, they are al liberty TO invade
our territory along the entire northern frontier
III a chapter on the Seal Islands the Secretary
reviews lie reports as TO the destruction of seal
ureS have been imperatlyely demanded for the
protection OF this valuable animal. Other mat
ters relating to the Seal Islands he says he Will
invite tie attention OF Congress 10 later.