Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1892-12-15
THE TREASURY.
Report of the Secretary of the Treasury
Government Revenues and Expendt-

| Government Revenues and Expendi-
| lures.
WASHINGTON, Dec. s.-The annual re-
port of the secretary of the treasury
| shows that the government revenues
| from all sources during the past fiscal
year were s425, SOS, 259 and the total ex-
| penditures s415, 953. SOC, leaving a sur
! plus of s9,o14,45 With the cash bal
| ance, the national bank redemption
fund and q few small items added, this
| surplus was $40, 750, 46S, which was APP
piled to the redemption of bonds and
the national bank notes. AS compared
| with the fiscal year 1891, the receipts in
1892 have fallen off $50, 675, 972. The
principal losses were customs receipts
| S42, O69,2 41 and profits on coinage So
/ 681 ,479. but there was gain of IS, 2S4,
! S23 in internal revenue receipts and of
81, 99S, 900 in sales of District of Column
| bia bonds In the ordinary expenditures,
| there was a decrease of SO. $40, 354,
which is accounted for by diminished
payments for discount taxes, refund of
excessive customs, drawbacks, census,
quartermaster's supplies and interest
on the public debt, the decrease in the
last item alone being S14, 10000.
During the present fiscal year the rev.
enues are estimated as follows: From
! customs, s19S, 900, 600; from internal rev.
enues, S165, 600, 600; from miscellaneous
sources, $40, 600. 600; from postal service,
$50, 1856, $50. A; total, 1863, 1856, $50. IL. The
expenditures for the same period are
estimated as follows: For the civil es-
Enlistment, SOS, 900, 900; for the mill
tary establishment, $40, 900, 600; for the
, , naval establishment, S31, 900, 900; for the
Indian service, 50 900, 900; for pensions,
S158, 000, 600; for interest on the public
debt, $26, 900, 900; for postal service,
$50, 1856, $50. IA; total, s461, 1886, 800 "A.
This will leave an estimated sur
plus for the year of 81, 600. OO0
The available cash balance in the
treasury at the end of the present fiscal
year is stated at $3.50, 992,377. The rev.
enues for the fiscal year 1894 are esti-
mated at $500. 121, 365 and the appropria-
tions required S457, 261, 355, exclusive of
the sinking fund or an estimated sur
plus OF s32, $50, $50, which with the cash
balance and gold reserve will make the
available balance S53, S52 407, and de-
Quoting accrued or accruing obligations
(mail contracts and redemptions) would
leave the balance SAT, 1852, 40z. Charge
able against this are unexpended river
and harbor and ordnance appropria-
/ tions amounting to sd, 600, 600 and
account is taken of the sinking fund
requirements amounting to S48, 600, 600
beyond redemptions estimated at So
900, 600.
The estimated receipts are based on
conditions prevailing prior to the late
election. Public opinion having de-
creed change OF policy, particularly
in the tariff laws, the altered condi-
possible at the present time to estimate
the annual income with any marked
degree OF accuracy, and it is impossible
to predict the effect that such proposed
radical changes would have upon the
future revenues of the government.
The secretary says that he will not esti-
mate further. but that the inevitable
result of the tariff reduction agitation
will be a falling off in importa tons
and in revenue, the extent of which no
one can measure.
Touching the sinking fund act, the
report states that up to June SO $780,,
SIC, 6S1 more than was required by law
had been credited to the fund. He
recommended the repeal of the act of
March 8. 1891, authorizing the applica-
ton of surplus money to the purchase or
REDEEM ption of United States bonds, in
view of the very large decrease in the
national debt already effected and the
probable future condition of the ma
tional finances.
OF the gold reserve, the report says
the treasury has difficulty. with the
limited amount of cash on hand above
the 500, coo, 600 redemption fund.- to
keep a sufficient stock of gold, and if
the shipments continue as large as they
have been during the past two years,
the gold in the treasury will be dinin-
ished below the reserve line. The main
tenance of silver at par has also in
creased the possible charge upon the
gold reserve, and therefore the secretary
suggests that the reserve for the re-
demption of government obligations
should be increased to the extent of at
least 20 per cent of the treasury notes
issued or to be issued Under the act of
July 4, 1890.
The secretary gives statistics to show
the success of the reciprocity treaties
now in operation and says the result of
reciprocity will be enlarged markets
for agricultural and featuring
products and increased employment for
ships
The secretary renews his past recon-
menda atoms, the more important being
abolition of all fees commissions, ETC..
now allowed collectors and surveyors
and the esta blishment of a fixed salary;
the consolidation of customs districts
and the clothing of the secretary with
powers to abolish districts and discon-
tinue minor ports and the revision and
codiGcatiOn of customs and navigation
laws
On the subject of public buildings,
the secretary says that the expenditures
during the year ended September so,
last, were So. 741. 2S6 and the outstand-
ing contract liabilities 81, S34, 40S, maxi
ing q total of SO, SIS, 694. From present
indications he says that between this
date and the close of the second session
of the Fifty-second congress. several
millions of dollars OF the aggregate
amount of the various balances of ap-
preparations now remaining available
and aggregating about s15. OO0 600, will
be covered by contract liabilities.
ETCHlNGS OF ART.