The Coconino weekly sun., 1893-12-28
THE TREASURY.
Secretary Cirlisle's Rsport--C ondition of
 the National Finances Reforms Urged.

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" "
 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
 ernment have exceeded receipts to the amount of s20,91S, 095 66. There has
 been not only a 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, 5S9, S29. 74;
 from internal taxes, S7, S66, ,667.06 and
 from miscellaneous receipts, SS24, 152. 30.
 The expenditures on account of the
 war department in the execution of
 contracts made during the last fis-
 cal year have increased SC, 162, l32.-
 42; on account of the navy depart
 ment for the same reason the increase
 has been S1,912, 2S9. 31; on account of
 Indians, S53G, 07s.55, and on account of
 interest, SG9, 45O.25; but there have
 been reductions in some other branches
 of the service to the amount of so, 352,
 206 as compared with the correspond
 ing period last year. The result of
 these changes is that on the first day of December, 1893, 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 l1,O3S, ,44s25, and the total amount held, SIP, S47,5l7. 80, was in sub sidiary silver and minor coins.
 Tt may be safely assumed that the worst effects of the recent financial disturbance and consequent business depression have been realized, and that the conditions will be much more fa- vora ble hereafter for the collection of an adequate revenue for the support of the government; but it can scarcely be expected that the receipts during the re- mainder of the fiscal year will exceed tire expenditures for the same time to such an extent as to prevent very consid- erable deficiency. l have, therefore, estimated probable deficiency of S2S,- 900, 900 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 ble."
 Reviewing the receipts and expcndi- lures for the fiscal year 1893 the secre- tary says the government revenues from all sources for the year were S46l,- ZIG, 5Gl O.. of which s2O3, ,355, ,Ol6. B was from customs and S1G1, 027, ,6S2. 65 from revenue. The total expendi. ture was S459, ,37I, SS7. .G5, leaving a sur plrs of S2,34l ,674.29. As compared with 1892, this shows an increase in receipts of s35, S4S, ,3Ol72, and in expenditures of s3S, 454 G2S.2l. On the basis of existing laws the revenues of the government for the present fiscal year are estimated at s430, l2I, ,3G5.3s and the total expendit. | ures at S+5S, lG1 ,365. 30, or a deficit of | BPS, 900, 000 The principal items in | these estimated revenues are: From | customs, Sl75, 900, 900, and from inter- | nal revenue, $50, 900, 900, while S152,. 100000 for pensions constitutes the | largest item in the estimated expendit- lres. It is estimated that on the basis | of existing laws the government rev. enues for the fiscal year 1895 will be S454, 42T, T4S.44. The estimates of ap- heretofore submitted for the year aggregate $44s, 3O6, 7S9 93, or m estimated surplus of SGG, 12O, 95S. 56.
 Discussing foreign commerce the secretary says the total imports were Tor 1892: Merchandise, SS27, ,4Oi, 462: gold, s49, 699, 454; silver, sl9, 955, OsG; ex- ports, merchandise, Sl,O3O, PTS, 14S; gold, ;50, ,195, S27; silver, s32, SlO, 559 For 1893 Imports, merchandise, Ss66, 400, 922; sold, 2l,174,3 ,3Sl; silver, s2S, 193, 272; ex- ports, merchandise, Ss47, 665, l94; gold,
 10s, ,6S0, s44; silver, 4O,737,319 The prominent facts disclosed by these fig lres, says the report are hat the values of imports of mer- handise attained the highest point n the commerce of the his ory of the country; and that the ex- 'orts of gold reached a higher figure han ever before in a single year since he foundation of the government. This outward movement of gold, occur ing at time of peace, will make 1893 in financial and commercial Xperience. The imports and exports If silver coin and bullion were greater 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 administration in the collections of ustoms revenue would be promoted by ontining customs duties in the interior Q the commercial centers. He recom- lends that the law be so amended as 9 authorize him to reduce the number f customs districts whenever he thinks to the interest of the service, and nat he be authorized, where commerce lstifies it, to station officers to enter nd clear vessels.
 In addition to the matters more i'm. lediately pertaining to his office, Sec stary Carlisle goes extensively into ne tariff question in its bearing on ne treasury. He says also that there
 too much money in the country and