The Globe-republican., 1893-12-29
THE TREASURY.
Secretary Carlfsle's Experimentation OIL
the National Finances-Reforms Urged.

the National Demonstrations Urged.
WASHINGTON, Dec 21.-The annual
report of Secretary of the Treasury
Carlisle, which had been unusually
DELAYED and long expected by business
men. was sent to both houses to-day.
The following general topics: 'Condi-
of Treasury Currency Legislation"
and Review of the Revenue Laws, F"
are discussed at length.
In opening the secretary says: Dur
ing the first five months of the present
fiscal year the expenditures of the gov
eminent have exceeded receipts to the
amount of saO,91s.O95. sc. There has
been not only decrease of receipts
but also an increase of expenditures
during this period. as compared with
the corresponding five months of the
last fiscal year. The revenues from
customs have fallen off S23. $50, S29. "a:
from internal taxes, 81, SG6, G67.96 and
from miscellaneous receipts. 1924, 152. 50.
The expenditures on account OF the
war department in the execution of
contracts made during the last ifs
cal wear have increased SO. 1862, 1872
70: on account OF the navy depart
ment for the same reason the increase
has been sl.9l2.a2S9.31 on account of
Indians, 1896. 01S.55, and on account OF
interest. 500. 40. %: but there have
been reductions in some other branches
OF the service to the amount of Sc. 49,.
200 as compared with the correspond
ing period last year. The result of
these changes is that on the first day
of December. 1898. the actual net bal
ance in the treasury. after deducting
the bank note 5 per cent. redemption
fund. outstanding drafts and checks
disbursing officers balances, agency
accounts and the gold reserve, was
only SLICES, 44S.25, and the total
amount held. sl2, 347.5l7. SO. was in sub
sidiarv silver and minor coins.
1T may be safely assumed that the
worst effects of the recent financial
disturbance and consequent business
have been realized. and that
the conditions will be much more ia
vorable hereafter for the collection of
an adequate revenue for the support of
the government; but it can scarcely be
that the receipts during the re-
of the fiscal year will exceed the
for the same time to such
an extent as to prevent a very consid-
cradle deficiency. l have, therefore,
estimated a probable deficiency of s2S,-
OOO 600 at the close of the year and if
congress concurs in this view Of the
it will be incumbent upon it
to make provision for raising that
amount as soon as practica BILE"
Reviewing the receipts and eXpendi-
lures for the fiscal year 1898 the secre-
tary says the governments revenues
from all sources for the year were S46l,-
116. sci. G4. of which s2O3.355, O16. % was
from customs AID sl6l. OF, 632 Is from
revenue. The total expendi.
ture was s459,374. SS7.G5, leaving a sur
plus of 4l.G74.29. AS compared
with 1892, this shows an increase in
receipts of SO. s4S. 30l.72, and in
of s3S, 454, 623.2l. On
the basis of existing laws the
revenues of the government for the
present fiscal year are estimated at
s430. 12:, 365.3S and the total eXpendit-
lres at S45S. I'LL 1865. 30. or a deficit of
SOS. 900, 600. The principal items in
,hese estimated revenues are: From
s115. O00. 900. and from inter-
lal revenue, $3.50. 10000 while S152.-
100000 for pensions constitutes the
argest item in the estimated eXpendit-
Tres 1t is estimated that on the basis
If existing laws the government rev.
Do 10,
'i54, 427. .4S.44. The estimates of aD-
heretofore submitted for
he year aggregate S44S. 3O6, 49, 81. or
IN estimated surplus of $50, 40. 95S. Sc.
Discussing foreign commerce the
secretary says the total imports were
or 1892: Merchandise. 1927. 4Oi, 46o:
,Old, S49, 500. 45i: silver, SIC, 955, OS6: ex-
PORTS, merchandise. sl,O3O.2 ITS, las: gold.
80. 195. 327; silver. s32, SIC. 559.-For 1893
Imports, merchandise. 1886. 400, 922:
,old. S21, 114.3Sl: silver. S23. 1913. 272: ex-
,Orts. merchandise, *S41, sos. 1874: gold.
$3.50. S44: silver, $40. 1888 The
prominent facts disclosed by these fig
Tres, says the report, are
hat the values of imports of mer-
otedAhCu ucSG
n the commerce of the his
DRY of the country; and that the ex-
,orts of gold reached higher figure
han ever before in a single year since
he foundation of the government.
This outward movement of gold. occur
ing at a time of peace, will make 1898
in financial and commercial |
experience The imports and exports |
# silver coin and bullion were greater |
n amount than is recorded in any one |
ear of the country's history-exceed-
ng even the panic year of '73.
The secretary says economy and good
in the collections of |
ustoms revenue would be promoted by
onfining customs duties in the interior
o the commercial centers. He recon-
nends that the law be so amended as
o authorize him to reduce the number
# customs districts whenever he thinks
to the interest of the service. and
hat he be authorized, where commerce
ustifies it. to station officers to enter
nd clear vessels
In addition to the matters more i'm.
1ediately pertaining to his office, Sec