The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1893-12-29
THE TREASURY.
eeeretary Cariisls's REPRESENTATION q
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
eminent have exceeded receipts to the
amount of $40, s1s. 095. Sc. 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 $50, sa9. "a:
from internal taxes, s.. s66, CO.. 96, and
from miscellaneous receipts, 1924, 152 80.
The expenditures on account of the
war department in the execution of
contracts made during the last ifs
cal year have increased SO. 16a, 1872
~; on account of the navy depart
ment for the same reason the increase
has been s1.91a. as9. 81: on account of
Indians. $3.50. O7s.55, and on account of
interest, 500, $50. %; 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, 1898, the actual net bal.
ance in the treasury, after deducting
the bank note per cent redemption
fund. outstanding drafts and checks,
accounts and the gold reserve, was
only s11, 03s, 44s25, and the total
amount held. s12. 347. SIT. so, was in sub
sidiary silver and minor coins.
1T 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 IA
vorable 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 the
expenditures for the same time to such
an extent as to prevent a very consid-
able deficiency. l have, therefore,
estimated a probable deficiency of s2s.-
O0O 900 at the close of the year and il
congress concurs in this view of the
situation. il will be incumbent upon il
to make provision for raising that
amount as soon as practicable"
Reviewing the receipts and expendi-
lures for the fiscal year 1923 the score
tary says the governments revenues
from all sources for the year were s461,-
1l6, SOL o. of which s2O3. 355. Ol6. .3 was
from customs and s161. OF. 632. 65 from
internal revenue. The total expendi.
ture was s45e. 374. ss7 65, leaving sur.
plus of s2.341. 61i29 As compared
with 1892, this shows an increase in
receipts of s35, s4s. 3o179. and in
expenditures of SIS, 454, 623.21. On
the basis of existing laws the
revenues of the government for the
present fiscal year are estimated at
$3.50, 1a,. 365. IS and the total expendit-
ures at Sass. Ii, 3G5 so, or a deficit OF
s2s, 900. 600. The principal items in
these estimated revenues are: From
customs, s115, 900, 600. and from inter
nal revenue. $50. 900. 900, while $751;
OOI. 600 for pensions constitutes the
largest item in the estimated expendit-
ures It is estimated that on the basis
of existing laws the government rev.
enues for the fiscal year 1895 will be
si54, 42T. ASST The estimates of au-
heretofore submitted for
the year aggregate s44s SOC, $50 90. or
an estimated surplus of 500, 10. 95s. SO.
Discussing foreign commerce the
secretary says the total imports were
for 1892: Merchandise. ss27. 40i. 49,:
gold. $40, 500. 454: silver. So, 955, OS6; ex-
ports. merchandise. 81 .O3O. 21s, las; gold.
$50, 1875. Sa7: silver. 49,, SO. 559.-For 1899
Imports, merchandise. 1860, 400. 92a:
gold. s21.114.3sI: silver. s23, 1913, 272; ex-
ports. merchandise, ss47, 665. 1874; gold,
Sos, $50. s44; silver, $40. 1888 The
prominent facts disclosed by these fig
ures, says the report are
that the values of imports of mer-
chandise attained the highest point
in the commerce of the his
tory of the country; and that the ex-
ports of gold reached a higher figure
than ever before in single year since
the foundation of the government.
This outward movement of gold. occur
ring at time of peace, will make 1898
BILE in financial and commercial
The imports and exports
of silver coin and bullion were greater
in amount than is recorded in any one
year of the country's history-exceed-
ing even the panic year OF 'T3.
The secretary says economy and good
in the collections of
customs revenue would be promoted by
customs duties in the interior
to the commercial centers- He recon-
mends that the law De so amended as
to authorize him to reduce the number
Of customs districts whenever he thinks
It to the interest of the service, and
that he be authorized, where commerce
iustifes it. to station officers to enter
aud clear vessels
In addition to the matters more i'm
pertaining to his Office, Sec
-etary Carlisle goes extensively into |
the tariff question in its bearing on |
the treasury. He says also that there |
S too much money in the country and |
hat the present complicated financial |
ystem is in urgent need of revision !
lie advises the issue of bonds at low |
ate of interest to tide the treasury /
,ver the hard times and treats on manv |
hings that have been debated in and |
Tut of congress FOR some time past