Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-12-20
FACTS AND FIGURES.
S Crs.aiy CarlIslGs R.poT, Slt 10
Congress Today.
THE ESTIMATED DEFICIENCY
How to Meet I,.-No More silver Lcgis-
lation at rrts.nt-Argumrnt
a. 10 Tariff Laws.

carlisle was tont 10 Congress today
Il shows that during the first i've
mon,hs n the present fiscal year the
expenditure OF the government eX-
csedtd the receipts s2g,Sls,Osj. Thir
WIS brought about b. the decrease Of
the receipts, and the increase Of the
expenditures. Compared with the
corresponding months Of the last year
the customs revenue foilon 500, 5s0,s2o;
tIo internal taxes s7,s36.685; |
tue expenditures IN the war !
Department., De execution OF C1ntrHcih |
msde the last focal ycarwU Increased !
sj,l62,l32, Ira the navy for tue SAINT
reason, sliBl2,2oy with other minor iu'
crease,
rhors hGvo boon reductions In the
other branches Of the public service
amounting 20 to si,352, 200, On Dsc.
rmbeT the net balance Ia the tteafury
was only fli,O8s, as. OF the total
amount hold, sl28i5,5i7 was Ia suu.
aidiary silver anu minIr coins. the
secretary naaumta that tho worst effects
u the recent financial Disturbances
and business dcprgsilon IN past,
aud that the remainder Of the year
will show better results, ana he
Estimates the deficiency at the close OF
the ycnr nt SIS, 100000. To meet this
he recommends an amendment Of the
fptcie payments rssumptiUn net VI
1870. 60 authorize him 90 cell 3 per
Ctnt hluur, not exceeding E4OJ,uuO 900
iu amount, nt not Ices ihnn par, ylug,
however, that Ia his opinion only
great aud pressing financial cmcTg.
uuulCa justify such course. ho HlE'
peats that bonds be- issued iu dUuomina.
ions Of 32j aud mutiplsH thereof, 10
bu cold through thu suU.lrsnsuties and
uotlonicen. In case Congress should
Decline To follow thiG course no recOm.
mtuus that the secretary be EN-.
powered to execute the oblign
lions oi the government not
90 exceed $50, 900, 900 bearing Per cent
interest, o. be sold or circulated in
pAymU.lt Of government obligations.
lie urges prompt action 10 prevent
serious lnptdiment OF the public
service, the payment Of pensions, etc.
he points cut the necessity OF thn
extension OF the power Of the necrctsry
10 mhlutnin n large reserve for thc tN'
tension Of United States currency,
showing that nt the date Of the tesump.
ton of specie payment, only legal
tender nOleB subject 10 redemption
were outstanding 70 the amount OF
s346, ISL, Ol0. Now the obligation has
Increased 10 s409, 10000 direct obilga-
tom, bchiIes the requirement TO pre-
serve thU parity hntwern gold and
silver On silO.8l2,b50 legal tender
silver, on whIoh 1884, l3S, 5U4 IN silver
ceTtilCatct has been issue.
THE EXPORTS on GOLD.
To emphasize this no speaks Of the
heavy exports Of gold during the cur
rent calendar year, which finally, IN
spite n al efforts, carried the gOll
reserve 10 nearly S.U,OOO,OOO below the
legal requirements, the lowest point
ever reached since the resumption Of
specie payment
The secretary Rddai "As long a. the
government continues the unwier
policy % keeping iiu own noles out
standing 10 ClTCulAto ms currency and
undertakes 10 provide for their rudemp'
ton Ia coin ON presentation, II
will be, Ia my opinion, essential
for tho secretary OF tie treasury 10 poe
teis means 10 meet such emery enCIgi
NJ the one which recently occurred IN
our financial anaiis." lie says Ia,
repeal OF the silver purchase act makes
such radical change In tho currency
policy 81 tue government that until
The elects are more fully developed, h,
does not consider II adviaAbla to rec
ommond further specific legislation OF
that subject,
Ho says tho great increase ia th,
bank reserve Ia the monetary center
OF the country show conclusively tha
the amount " money In the country I
greater Than required for tho trantac
lion u business. Hu finds that one d
the principal difficulties OF the treasury
results from the lndiHpOaitOn OF thl
public 90 retain the silver dollars aut
silver certificates ia circulation. II
says no cannot understand why thi
should be the cago aud las Bough
10 remedy 10 by increasing tho mum
Der OF silver certificates OF donomiua
lions lees than one COLLAR returning
tue larger ones and ouusiiuuug 10
them larger notes ui OIhul kinds Of cul
irney.
TARIFF LAWS
The report then doals "a. length wit
the taIin laws. hu argues in favor o
Rd yRlOEum duties aud GugiaTeh that "a
inducements 10 commit FRAUDS An
pt1uEes are much greater under %
Hytltm oil COMPOUND rate 90 ut presen
than under Uu ga v4llrgm rule, ii
also urges strongly the dssirability q
lgee raw mutarinlr.
NEW TAKES PROPOSED.
IL IA estimated that the revenues I,
the hlCnl year 1895, on tho basis OF ~
istiug lava will uu Siji, t-I1iS, an
the expenditure, Sii5,aI3,7s3. III
cstima tea VI revenues irum customs ~
$4,000, 900, II the impJrIatlons du
ing tho ntcal year 1895 ahuuid net a.
coed those OF 1898, the rteelpis undl
he pending tsuii bill would
only Sl42,O1I,0 900, but me eecrelaI
believes tho lrOpOsol Reduction
viii Increase the implftalOnsi az
thinks that with economy an incrch
OF SO, 900, 600 ia the informal reyent
VIII supply the necessary iuudl Tor u
government. To this end hn TtcOf
menus On increase Of ten cents per Rp
lou Oh distilled splrito aud addlliO
al taxes on cigars ana elga
cites aud now taxes on pla
Ing cards, cosmetics, peTfumerit
lbgaclte, suocesalOus, incomes Iro
stocks and bonds oil corporations NJ
Joint stock companies.
THE CHINESE EXCLUSION LAW
The secretary says that much DIFF