Crawford avalanche. (Grayling, Mich.) 1879-19??, 1892-12-15

sEChErAhi rosiE~ estimated as fol-
lows: From customs. $198, ,000, 900; from
internal revenue, $165, 100000; from
miscellaneous sources, $20, 900, 900; from
postal service, $50, 1886, $50; total esti-
mated revenues, $463, 1886, $50. The ex-
penditures for the same period are es-
timated as follows: For the civil estab-
lishment, $1O8, 900, 600; for the military
establishment, $40, 600. 900; for the naval
dian service, 1000, 900; for pensions,
S158, 900, 600; for interest on the public
debt, $26,0O0,000; for postal service.
$50, 1886, $50; total estimated expendi-
ture, $461, 1886, $50; leaving an estimated
surplus for the year of $2,OOO,OOO.
The available cash balance in the
treasury at the end of the present fiscal
year is stated at $120. .992, ,377. The rev.
enues for the fiscal year of 1894 are esti-
mated at $3.50, ,121, 800 and the appro-
priations required $457 ,261 1886, exclu-
sive Of the sinking fund, or an esti-
mated surplus of $32, $3.50, ,030, which,
with the cash balance above gold re-
serve, would make the available bal
ance $50, ,852 ,407, and deducting accrued
or accruing obligations mail contracts
and redemptions), would leave the bal
ance SAT ,o52, ,407.
OndTRedDl6 dpdlISI IHlS arc uhCA-
pended river and harbor and ord
nance appropriations. amounting to S44,-
| 000, 100, and no account is taken OF the
sinking fund requirements, amounting
/ to $4S, 800, 900, beyond redemptions esti-
mated at $4,000, 900.
Estimates Based on the Mckinley Law.
The estimated receipts, says Secre-
tary Foster, are based upon conditions
prevailing prior to the late election.
Public opinion having decreed change
of policy, particularly In the tariff laws,
the altered conditions resulting there
from render it impossible at the present
| time to estimate the annual income with
any marked degree of accuracy, and 1T
is impossible to predict the effect that
such proposed radical changes would
have upon the future revenues OF the
government. The secretary further says
that he will not estimate further, but
that the inevitable result of the tariff
reduction agitation will be falling off
in importations and in revenue, the ex-
| tent of which no one can measure. He
! SAYS, however, that all the facts fully
Justify the opinion that the large in
crease of receipts ascribed to the mar
velous prosperity Of the country under
the present revenue system would, II
continued, enable the department dur
ing the coming fiscal year to meet all
obligations without the slightest impair
ment of its cash, and thereafter con-
tinue to show a material Improvement
in it's condition.
Touching the gold reserve, the report
says, the Treasury has difficulty with
the limited amount of cash on hand
above the 500, ,0O0, 900 redemption fund
to keep sufficient stock OF gold, and II
the shipments continue as large as they
have been during the last two years,
the gold in the treasury will be dimin-
ished below the reserve line. The
maintenance Of silver at Iar has also
increased the possible charge upon the
gold reserve and therefore the Secre-
tary suggests that the reserve for the
redemption of Government obligations
should be increase1 to the extent of al
least 20 per cent. of the amount Of treas.
ury notes issued or to be issued under
the act Of July IL, 1890.
In regard to the monetary conference
he says: This conference is now In
session. AS yet little is known as tC
what its action may be beyond the gen.
eral fact that the subject OF the better
use Of silver as a money metal is re-
ceiving its earnest attention.
On the subject of public buildings
|. the Secretary says that the expendi-
lures during the year ended Sept. &c
last were $6,741 ,2S6, and the outstand-
ing contract liabilities $2,S34, ,4O8, max.
ink total OF $9,575, ,694.
The subject Of the Worlds Fair is
briefly dismissed with the statement that
/. satisfactory progress has been made in
the preparation Of the departments ex.
hibit, in the arrangement OF the GUS
toms laws and regulations, and upor
the Government buildings.
Speaking OF the subject OF immigra.
. ton, the Secretary Is clearly of the
J opinion that only by a rigid examination
made at the place Of departure, can the
, prohibitlve features of the law be exc.
,, cuted with any considerable degree o
. efficiency.