Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1892-12-08
WILMINGTON, DELAWARE THURSDAY, DECEMBER g. 1892

must be based upon existing laws anu |
upon continuance of existing business
conditions, except So far as these condi- |
tions may be affected by causes other than
new legislation.
The estimated receipts for the fiscal year
ending June Suth. lSDl are Sl9O III, ,3613S
and the estimated appropriations Sl2I, 2il,-
33635; leaving an estimated surplus of re-
ceipts over expenditures of So, siiOO3O.O3
This does not include any payment to the
sinking fund. In the recommendation of
the secretary that the sinking fund law be
repeated, | concur. The redemption Of
bonds since the passage of the law of June,
SBth. ls!l2, has already exceeded the re-
qurements by the sum Of 500, 80 6sl .49.
The retirement OF bonds in the future be-
fore maturity should be 4 matter of con.
venience, not a compulsion We should
not collect revenue for that purpose, but
only use any casual surplus. To the bal
ancc of So siJ, J,0H005 Of receipts over OK
pcnditures for the year ls9i should be
added the estimated surplus at the begin
ming nf the year. 50, ,37T .O3-and from
this aggregate there must be deducted, as
stated by the secretary. about sii, ,OlpQD)
of estimated uncSpendei appropriations
The public confidence in the purpose
and ability of the government to maintain
the purity Of all Of our money issues
whether coin or paper, must remain un-
/ shaken The demand for gold in Europe
| and the consequent drain upon U.S. are all
| i'll q considerable degree the result of
efforts of some Of the European govern
| ment to increase their gold reserves, and
| these effects should be met by appropriate
| legislation ON Our part. The conditions
| that have created this drain Of the treasury
| gold are in an important degree political
| and not commercial. In view Of the fact
| that general revision of our revenue
| laws i'll the near future seems to be prob
able it would be better that any changes
| should be Il part Of that revision rather
| than Of temporary nature.
| In view Of the fact that the monetary
conference is now sitting the President
withholdS any recommendation upon the
| subject of the purchase of silver.
COAST DEFENSE PROJECTS APPROVED.
The enlargement and perfecting Of our
sea cnnst defences recommended by the
| Secretary Of War is approved by the Presi-
dent, who thinks that this work and the
work Of building heavy guns should be
carried on without check.
The message has a good word for the
Attorney-general and the enactment OF
legislation by Congress establishing uni.
formity Of time allowance for. good
behavior for prisoners convicted in Federal
courts is recommended.
wANAMAKER's WORK.
The report of the Postmastei-general
the President SAYS, shows most crafty
ing increase and almost efficient manage,
ment Of the great business of that depart
ment The postal revenues increased dur.
ing the past year nearly S5000,0Ol and il
Is believed that during that for the yeul
ending June 3Oth, 1891, the postal service
will show surplus, Large increases have
been made in the postal facilities. The
gratifying results of the ocean mail sub
Sides act are approved by the President
The creation of Il naval reserve under il:
provisions being considered a matter fo
cungratulati1n. In the opinion of th'
President there is no course left for thi
government but to pursue, moderately a
least the payment Of subsidies to mai
carrying ocean steamships.
GREAT PRoGREss IN THE NAVY.
The report of the Secretary of the Navy
the message says, exhibits great progrcs
in the construction of the navy. Durini
the four years of this administration .
vessels will have been launched, costini
S35,ODD,ODU The announcement by con
Eressonal aid Of the naval militia now es
tablished in eight states is urged, as tn
President considers that this branch of th
service is destined to become very valud
BILE. The earnest hope is expressed tina
the development of our navy may not noN
be stayed, but continued.
In discussing the report of the secrctar,
OF the interior, extended reference i mad
TO lhtilan affairs, ana then tue lhterestlh
question of pensions is reached
rilr PENSION WASTE ENDORSED,
, The report Of the commissioner of pen
: sions, Says the President, to which eS
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