The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1892-07-29
ONE YEAR or TARIFF.
Some Figures which Make Particularly
Interesting Reading.

Some ltgurcs which Make Particularly
Interesting Heading.
The first year of the complete opera
ton of the McKfnley tariff ended with
net cash balance in the treasury of
less than half what iSwaS year ago,
with the net gold in tthe treasury
s3, ,325, ,3j6 less than ii was ven ago.
and with the imports for the first eleven
months of the year $40, ,o0o,oo0 less. The
depletion of the treasury and the ex-
ports of gold have gone lCnd in hand
with shackled trade and prohibitory
duties.
The receipts from customs duties, es-
tirnated by Secretary Foster last No
vember at $lS5, ,0O0, 900. have reached
during the year only Sl1',SS3, ,034. while
the receipts from all sources, estimated
at S362, ,Oo0. 900, have yielded only S3j3.-
e55.664. The expenditures have been
vigorously held down, but they have ex-
ceeded the estimates by 5000, 900 and
have reached $3A. lis ,94S, without count
ing any payments to the sinking fund.
The surplus for the year, estimated last
November at $24,000,0 900. is less than
g, 900, 900.
The bonded debt. which was s0lO, ,529.-
100 year ago. has been reduced to
s5S5, ,0a9, $50 by the redemption Of par,
Of the AZ per cent. bonds, but the re-
denlption money has been taken ont of
the savings of previous years and has
reduced the netcash balance to the low
est point il has touched in many years.
The amount today is sec, 6,692. .37,,, where
a year ago it was $j3.s93,9 ,90s. This net
cash balance can only be made available
in good money by setting off the worn
out fractional silver and the bank de-
posts against the balances of disbursing
officers as their only security.
The subsidiary silver in the treasury
is Sli,22I, ia. and the general deposits
in national banks are Sl3,14S.1SS. The
free gold, which was $3.50. 0.140. $3.50 only
six months ago. is now $1i4. .3j2 1856, and
as 800, ,0oo. 900 is the sum which has ee.-
orally been considered as set aside for
the security of the legal tender notes.
only Sl4, ,3i2.366 remains upon which to
rest the inverted apex OF the broadening
pyramid of silver notes issued under the
act OF 1890. The issues of these note,
have now reached Sl01, ,07l. and as
the silver bullion which has been piling
up in the treasury is useless for their re-
demption. the government has only Is
per cent. of their value in gold with
which to redeem them. The accumula.
tions Of silver in coin and bullion have
reached the amount of SHs. .0S3, l6l. ex-
ceeding the entire stock of gold by more
than 5l90. 900, 900.
The imports and exports for the entire
twelve months of the fiscal year will not
be available for some two weeks. but
the figures for eleven months indicated
a shrinkage in spite Of the growth of the
country. which bodies no good to the
future of foreign trade.
The exports have been large because
Of the short crops in Europe, and this
should have brought gold by the mil
lions to our shores; but exports OF gold
continue and nothing but the enormous
exports Of breadstuffs appear to have
availed to avert the calanities which
the billion dollar congress and the Nc
Kinley tariff legislation invited upon
the country. ry.-Philadelphia Record.