The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1892-12-07
been treated abroad. The benefits Of
the copyright law are also mentioned.
THE MONETARY CoJrERENCE.

| vlsed that tho invitations of this Gov
ernment for the Assem- bling of an inter.
national monetary conference to consider
| the question of an enlarged use Of silver
| were accepted by the nations to which
they were addressed. Tho conference
bled at Brussels on the ED OF
November, and has entered upon the
consideration of this great question.
have not doubted, and have taken occa.
sion TO express that belief, as we'll in
the invitations issued for this confer
ence as in my public messages, that the
free coinage of silver upon an agreed
international ratio would greatly pro-
mote tho interests Of our people and
equally those OF other nations It is
too early to predict what results may be
accom- plishsd By tho conference.
If any temporary check or delay in.
torvenes believe that very soon COM
mercial conditions will compel the now
reluctant governments to unite with us
in this movement to secure the enlarge
ncnt of the volumes Of coined money
needed for the transaction of the bus
mess of the world l."
CONDITION OF THE TREASURY.
The report of tho Secretary of the
Treasury will attract especial interest
in view OF the many misleading state.
meDts that have been made as to the
state of tho public revenues. Three
preliminary facts should not only be
stated but emphasized before looking
into details: First. that the public debt
has been reduced since March 4, 1889,
$3.50, O74 200 and the annual interest
charge OF Sill ,6S5, AGO. Second, that
there has been paid out for pensions
during this administration up to No
vem BIER /, 1899. S132 ,564, IT'S 20, an ex-
e - SSs
pended during the period from March
l, 1885, 10 March l, 1SSS; and third,
that under the exisis ting tariff up to
Dece mber /, about S93, 900, COO Of reve-
nue. which would have been collected
upon i'm ported sugars, il tho duty had
been maintained, has gone into the
| pockets OF the people and not into the
public treasury as before.
IF there are any who still think that
tho surplus should have been kept out
Of circulation by boarding it in tho
treasury. or deposited in favored banks
without interest, while the Government
continued 10 Pay TO these very banks
| interests upon the bonds deposited rs
security for the deposits, or who think
that tho extended pension legislation
was a public robbery, or that the duties
upon sugar should have boon main
tanned, l am content TO leave the argu-
mont where it now rests, while we wait
to see whether these criticisms will take
the form of legislation.
The revenues for the fiscal year,
ending June 80, 1892, from all sources
were S425 s6S, 26O % and tho expendi-
lures for a purposes were Sil5,953,-
| SOC &c. leaving a balance Of 50. Ola, 453. 66.
There were paid during the year upon
| the public debt $40. $40, 4G7.9S. The
| ~ ~ nd
redemption fund passed by the act of
July IA, 1890, to the general fund fur.
nished in large part the cash available
and used for the payments made upon
| the public debt. Compared with the
| year 1891 our receipts from customs
duties fell Off S4e, 900, 241 Os, while our
| receipts from internal revenue increased
SS,2S4, SEQ Is, leaving the net loss Of
revenue from these principal sources
| S33,7S4,4l7 95. The net loss of revenue
from all sources was S3e. 675,9 72 81.
The revenues, estimated and actual,
for the fiscal year ending June 30. 1898,
are placed by the Secretary at S463, $780,
$50 a. and the expenditures at s46l,-
336, $50. a., showing surplus OF receipts
over expenditures OF 100000. The
cash balance in the Treasury at the end
of the fisc Al year. it is estimated, will
be $50, 993. 81 o."
REPORTS OP THE SECRETARIES.
The President quotes from the reports
of the Postmaster General in regard to
the increase in the number Of postoflices
during the year and the increase in rev.
enue from the same.
The President also refers to tho re.
port of the Secretary OF the Navy as
exhibiting great progress In tho con-
s.ruction of the new navy. When the
| present Secretary entered upon his
duties only three modern steel vessels
were in commission.
The vessels since put in commission
and to be put III commission during the
| winter will make y total OF nineteen
during his administration OF the de-
| partmcnt. During the current year ten
war vessels and three navy tugs have
been launched and during the four years
! twenty five vessels will have been
launched Two other large ships and a
torpedo boat are under contract and the
work upon thom will advance rapidly
ana the four monitors are waiting only
the arrival Of their armors, which have
been Unexpectedly delayed or they
| would have been before this in com.
m ssion.
Contracts have been let during this
ad ministration under the appropriations
for the increase OF the navy, including
new vessels and their appurtenances to
the amonnt of S35, 900. 600, and there
has been expended during the same
period for labor at the navy yards upon
similar work So. 100000
The President speaks Of the increased
work in the Interior Department. and
pays tribute to Secretary Noble and
his assistants. The work Of the land
| office Is gone into and the different land
schemes explained. Tho Indian ques-
ton is discussed and uniform set OF
text books recommended for the ma.