Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1892-12-10

OF slil4e6. S06Oo over tho sum expended during
the period from March I. 1855 10 March I. 1859;
and third. that under tho existing tariff MP 70
December about t9a0O0,0O OF revenue which
would have been collected upon imported sugars
II the duty had been maintained. has gone into
the pockets OF tho people and not into the pub
lie ire isury. rs before II there are any who
still think that the surplus should have been
kept out OF circulation by boarding IL In the
treasury, or deposltlng II In banks with
cut interests while the government con-
tinued TO par tho very banks interest,
upon the bonds deposited rs security for the
deposits. or who think that the extended psr.
sion Legislation was public robbery, or that
the duty ON sugar should have been m iintalned,
nm content 70 leave tho argument where IL
now rests while we wait TO sec whether these
criticisms will take the form OF LEG. sla,ion.
The revenues OF the fiscal year ending juno
80, leps, from oil sources, wore <IS, 93t 26l2s,
and the expenditures for oil purposes were
sil5. j3S)I5h leaving balance OF e9,9i4 I53 %
There was paid during the year upon the pub
lie debt etl So l0I D. Thcsurplus in the treasury
and the bank redemption fund.- passed by tho
net OF July II, i69. 70 the general fund, fur
nishcd in large part, the cash available AMI
used for the payments made upon the public
debt. Compared vita the year 1891, our re-
ceipts from customs duties fell OF 81, $50 2il.OS,
while our receipts from internal revenue in
creased ,6,sSt,S !3.i3 leaving the net loss OF
revenue from these principal sources tp7A,-
4lL9j The net loss OF revenue from all sources
was sc, di5. 0i2.sl.
The revenues. estimated and actual, for the
year ending June no. 1888, IRE pascd by the
secretary vt s4GL, 80, $50 a. and the cxpendl.
lures OF AN. 1881, S50.+i, showing surplus OF
receipts over expenditures OF s20OJ on Tho
cash balance In the treasury ut the end OF the
fiscal year. IL Is estimated will b. ,2 I,0J2, SI0A
So far Us these figures nre based on estimIte
OF receipts and expenditures for the remaining
months OF the current fiscal year there are
not only the usual elements OF uncertainty but
some added elements. New revenue legislation,
or even the expectation OF II, may seriously re-
duce the public revenues during the period OF
uncert Iinty and during the press OF business
adjustment to the new conditions when they
become known. But the secretary has very
wisely refrained from guessing as 70 the effect
Of possible oh Inges in sur revenue laws since
the scope Of those changes ard the i:oe OF their
taking effect cannot in any degree be forecast
or ioretold by him His estimates must be
based upon existing laws AMI upon contlnu-
ance Of existing business conditions except 80
far rs these conditions may be afiected BY
causes other than new legislation.
Tho estimated receipts for the fiscal year
June So 1921 are ei90, III, si5 80, and the esti.
mated appropriations s457. Dol So $3.50, leaving IN
estimated surplus OF receipts over the ex'
penditures Of lSe, 30 .0M0 This does not In
clude any payment 70 the sinking fund. In tho
recommendation OF the secretary that the sink
ing fund Law be repealed concur The re-
derption Of bonds since the passage Of the law
TO June 3D. 1885,, has already exceeded the re-
uuirements by the sum OF e09J .alO. 0S.49 The
retirement OF bonds in the future before ma
turity should be matter Of convenience. not OF
compulsion We should not collect revenue for
that purpose. but only use any casual surplus
To the balance OF S3, ,SC),0jlO5 Of receipts over
expenditures for the year 1891 should be added
the estimated surplus OF the begin
ming Of the year, 81, 9J2. 81 o. and from this
aggregate there must he deducted, as stated By
the secretary, about 81 0JJ,C0O Of estimated I'M
expended appropriations.
The public confidence In the purpose and abti
ity Of the government u maintain the parity OF
nil our money issues whether coin or paper.
must remain mistaken. The demand for colo
In Europe and the consequent calls upon u
IRE In q considerable degree the result OF the
efforts OF some OF the European governments
10 increase their gold reserves and these ef
forts Should be met by appropriations upon ouI
part The conditions that have created this
drain of the treasury gold are In an important
degree political ana not commercial. In view
OF the fact that general revision OF our rev.
cnuc laws In the near future seems " nc
probable It would be better that any changes
should I've u part OF that revision rather than Of
. temporary nature.
During the last fiscal year the secretary puT-
chased under the act OF July u. 1870. "a ,S357is
ounces OF silver and issued in payment thereof
81, 10 GOs in notes. The total purchases since
the passage Of the net have been l2J.+Ns8I
ounces and the aggregate OF notes issued,
500. Tine average price paid Tor
silver during the year was Va cents per
ounce the highest price being N.O.1
July 1, 1891. and tho lowest 1888 NJ .rch 81, 1872
In view Of the fact that the monetary confer
enee is now sitting and that no conclusion has
as vet been reached withhold any recOInInen-
datiOn upon this subject
THE WAR OFFICE
The report OF the secretary OF war brings
again 10 the attention OF congress some impor-
taut suggestions Us 70 the reorganization OF
the infantry AMI artillery arms of the service.
which his predecessors have before urge! that
they be pressed Our army Il small but its or
gauizat:on should oil the more be put upon tho
most approved modern basis. The conditions
tpon what we have called the frontier" have
heretofore required the maintenance or many
small posts bur now the policy OF cnncentra-
ton Is obviously the right one. The new posts
should have tho proper Stragetic relations 70
the only frontiers" we now have, those OF the
seacoast and Of the northern part OF our south
Of advantage in localities, or states, should de-
t.rYnne the location OF the new posts Tho
organization and enlargement OF the bureau OF
military information which the secretary has
effected is work the usefulness OF which VIII
become every year more apparent The work OF
building heavy guns ana the construction or
coas; defenses has been well begun and should
DO carried on without check.
JUSTICE
The report Of the encouragement n
by law submitted directly to congress,
but cannot refrain from saying that no
has conducted the increasing work OF
the department Of justice with great profes-
sional skill He has in several directions go
cured from the courts decisions making I'm
creased protection 70 the oficers OF the United
States and bringing some classes Of crime tnas
escaped to punishment in the tribunals OF the
United States, where they could be tried with
impariality.
The numerous applications for executive