Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1892-12-16

l
treasury will attract especial interest, in
view of the many misleading statements
that have been made as to the state oil
the public revenue. Three preliminary
facts should not only be stated, but en-
phaslzed, before looking into details.
| They are:
I First-That the pub ic debt has been
reduced since March 4, 1889, $259, O74,-
200, and the annual interest charges Sill
| 6Si, 1859.
Second-That there has been paid out
for p snsions during this administration,
up to November |, 1892, 1882 ,564, 178, an
excess of STA, 466 307 over the sum ex-
pended during the period from March [.
1885, to March |, 1889.
Third-That under the existing tariff,
up to December about $93, 000, 900 OF
revenue, which would have been col
lected upon imported sugars ii the duty
had been maintained, has gone into the
pockets OF the people, and not into the
public treasury as before.
Ii there are any who still think that
the surplus should have been kept out
OF circulation by boarding it in the
treasury, or depositing it in the banks
without interest, while the government
continued to pay the very banks interest
upon the bonds deposited as security for
the deposits, or who thinks the extended
pension legislation was public robbery
or that the duties upon sugar should
have been maintained, am content to
leave the argument where it now rests
While we wait to see whether these crit
clsms will take the form OF legislation
The revenues and expenditures for
the fiscal year ended June 3D. 1892.
| from all sources, We're:
keve ues SIPS SOS 260
4l592S, sos
There were paid during the year upon
the public debt $4U,57 ,467 9S. The
surplus in the treasury and the bank
redemption fund, passed by the act of
July III, ls9 !, to the general fund, fur
nished, in large part, the cash avail
able, and was used for the payments
made upon the public debt. Compared
with the year 1891. our receipts from
customs dues fell off S42. e69, 2lI, while
our receipts from internal revenue in
creased IS ,2s4, 1923, leaving the loss of
revenue from these principal sources
sSS, 7s4, Ais. The net loss of revenue
from all sources was 1865, 973. The
revenues ana expenditures, estimated
and actual, for the fiscal year ending
June 3 ), 1893, are placed by the secre,
tary as follows:
Revenues ................. stss e,e .sa
rNpehu''utes-.''--, .-.., Ill ,S}6 $50
100000
The cash balance in the treasury at
the end OF the tiscd year. it ia esti.
mated, will be $40, 992, S77. So far as
these figures are based on estimate OF
receipts and expenditures for the remain
ing months OF the current fiscal wear.
there are not the usual elements OF un
certainty, but some added elements OF
new revenue legislation, or even the
expectation of il, seriously reduce the
cubic revenue during the period of un-
certainty, and during the press OF busi
ness adjustment to the new condition
when they become known.
But the secretary has very wisely re-
trained from guessing as to the effect OF
possible changes in our revenue laws
since the scope of these changes. and
the time OF their taking effect, cannot in
my degree be forecast or foretold nv
him; his estimate must be based upon
existing laws and upon continuance of
existing business conditions, except so