River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1892-12-08

Receipts ana expenditures.
The revenues for the fiscal year ending June
30 1892 from all sources were s2j SIS 20 % and
the expenditures for all purposes were a4l9s15,-
sJ655, leaving balance OF ~ 4o3oh Ihere
were paid during the year upon The public debt
so SO. 67.9s. The surplus in the treasury and
bank redemption fund, passed by the act OF
july IL, 1870, TO the general fund. furnished IN
large part the cash available and used for the
payments made upon the public debt Com
pared with the year 1901 our receipts from Gus
toms duties fell OF Ss2 92iiOs While on re-
cripts from internal revenue increased ASST
S23 10, leaving the net loss of revenue from thtse
principal sources S'3.1 4l795. The net loss OF
revt nue. from all sources was 49,, 6i5972 81.
The revenues, estimated and actual. Tor the
fiscal year ending June 30. 1898, are placed by
the secretary At sf63335, 3d. a. ana the eXpehal.
lures at 1851 ,336.33O ~. showing a surplus OF
receipts over expenditures Of s2OO0.OW The
cash balance in the treasury at the END OF tue
fiscal year il is estimated Will be yJ@,5'1V5
So far as these figures are based uDon esti-
mates Of re apis and expenditures Tor the re-
manning months OF the current fiscal year there
not only the usual elements OF uncertainty
but some added elements. New revenue legls-
latiOn. or even the expectation OF IT, may Sc
riously reduce the public revenues during the
period OF uncertainty and during the process OF
business adjustment 10 the new conditions
when they become known. But the secretary
has very wisely RETAINED from guessing as 10
the eject Of POSSIBLE changes in our revenue
laws. since the scope OF those changes ana the
time Of their taking effect cannot IN any degree
be forecast or foretold by him. His estimates
must be based upon existing laws and upon
continuance OF existing business conditions,
except so far as these conditions may oe AZ
fected by causes other than new legislation.
The estimated receipts for the fiscal year
ending June 30, 1894. $40 l2l .3t3 8 and the
estimated appropriations S457 96l, 3sS 30 leaving
an estimated surplus Of receipts over The ex-
peudItures OF S32 sd0,O30 %. This does not in
Guide any payment 10 the sinking fund. IN
the RECOMMENDATION of the secretary that the
sinking fund law be repealed / concur. The re-
demution Of bonds since the passage OF the iaF
TO June 30 1892, has already exceeded the re-
qurements by the sum OF $3.50 5lO,oei az Inc
retirement OF bonds in the future before
maturity should be a matter OF convenience,
not OF compulsion. We should not colleel
revenue for that purpose, but only nse US any
casual surplus To the balance OF sS@-eoOUDui'
of receipts ver expenditures Tor the year ISIS,
sbonId be ad Ted the estimated surplus ~ the
beginning Of the year. 81 ss2. 81 uS ana from
this aggregate there must he deducted, as
states by the secretary, about si4Voooo' OF
estimated unexpended appropriations
Cause of the Drain.
The public confidence in the purpose ana ana
ability OF the government 10 maintiln the
parfty of an our money issues. whether coin OF
naper must remain ems haken- The demand
star ze1f n