Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1893-12-24

sto.e,.ry caslisiSs report.

ONT CT the prctent u3cal year tae
expenditures CT tho government eS-
ecedol tho receipts by s29,9lS,0a5.
Tbis was brought ahoutGy a'decregks
in tho receipts. The expenditures
are compared with the corresponding,
months Of las, year. Tho crstony'
rsvonuee fell off s23.6s0,s2J, ana tho
nternGl taxes s~I.si4EGI, while tho
expenditures IN Tho Wax Department
it rcoutiye c~ontTneta made during
th- last sscGl year increased. SO, lG2.-
1872, and thp Navy. department ex..
pensea increased for the same reason
SL,ai22alA WITH other money increas-
es. rheEe, kayf been deductions in
other b-upchsd OF pptlio uDrx;cs
amounting " S5t352,206, /: QniDccem.
Der lot the net bg:auce in Iite ,treas
ury was only ssll3sS4;S- or the
t'tal amount hold sl2Si6,5T, YVES
LID subsidiary silver anal miror cQias.
The. Srcrelnry. sssumsss that the
worst .efeGt Of the. recent. ahanehti
disturbapccss md b~us,n2as dtpIession
are past and Rat tho t;Smfa iuder, of
tho year will show better realns, aud
he estimnteo. the asticisEcy ut the
close Of the year az s2s,02u,Ol0., To
meet this no recommends an Gmepd,
ment OF tho specie paynsntsl and the
resumption OF the act OF 1875, to
authorize him to cell three per
- q. - % 80 e r
cent. bonds not exceeding s2N,
0no,Oo0 in amourt at less than
par. saying, however, in his opin=
ion, that only great pressing financial
emergencies justified such n curse.
he recommends that bonds bc IS
sued in de Nominations OF S25 sud,
nritlg!es thereof to bc solh through
sub t%reasuries aud postofices. II
Congress declines to follow this
course he recommends that tho Sec
Rotary be e'npow cred TO execute obi
gE;ions OF the government not t.. OK
coed e5o,0p0,oon bearing three per cent
70 bold or. circulate IN payment OF
Goysrnmsrt obligations.
He urges prompt at,ion>to prevent
Is serious impGirmcHt of tho public
service, tho pay ment Of Pensions, etc.
re points out tho necessity of an OK
tension Of po&er Tor iii9 Secretary to
maintain n larger reserve Tor the re-
demption of United States currency,
slowing that Mt this date tho resrsnp-
ton Of specie payment only oi legal
tender notes subject to "redemption
and outstanding amounts To s3iG,G5r-
DIG. Now ihoce obligations arc in,
creased To 1880. 24O by direct obi
cations, besides the requirements TO
preserve o partly between gold and
silver on s4i9,352.550 Of legal tender
81 yer, on which 1891, l38,CJ{ in, silser
certificates have been issuea.n.,-
10 emphasize, this no speaks OF n
hcavy'Ssport Of gold dGri4s1he cal.
endur year. which. 'fihHTiy IN. spite Of
al Efforts carried the gold ts~sesve.to
nearly s~2o,Coo,OO0 below legal re-
auirements, tho lowest rioipt ever
reached since tho resumption Of specie
payments. The Secretary adds:
"As lcng us tho Government con.
tinues tho ur"iae policy Of keeping
lite own notes outstanding to circulate
os currency and undertakes TO pro.
yidc for their REDEMPTION in coin om
presentation, it Wilde, inimy ,opin.
ion, essenttal for the Secretary OF The
! "Fi@ninry IL ptisstss the Imeuns to
meet such emergencies as the ONT
which recently occurred in our iinun-
eial affairs, lle cas- tho repeal Of
the silver purchase act-makes such a
radical change in the;currency policy
nt Tho Government that until lis OF.
'fects nre moro fully developed he
does not consider 10 advisable to rec
ommend further Specific legislation
on that subject. He says. de great
iDcreHEe in lnnk reserves In the
monetary centers nof the country
shows ~conclufIyely that the mount
Of money in tho country is greater
r,than is required for The truLsaction
OF business. lie liuds one or tho
principal difficulties Of tho treasury
to result from tho in%dieposition OF the
PUBLIC to retain silver dollars ana ell
yer certificates in cisGuFati6n: He
Bays he cannot understand Why this
should baihc puse, acknowledgements
remedy IL BY Observation-Disclosures
OF silver cettigca2es Glider
OF less tlabis1Q, '1tp.s ihctiring the
.larset onea aud A~ubhaGtink FOR TEN
larger notes VI o;hor .kinhs Of eur.
roncy.n oI".s IT.
On tho snhi Jot ,lk& taaii,I tho Sec
rotary arguoy'in fagerot nd Enloron,
duties and urges yftoHeiy theNcsiral
biltiyof frcU rdw 'mntarinl& do nieo
recommends IN intra me often cents
por' gallon -onttliafiel spirits md
additional taSos OH crgnBa nnd cigar.
cites. mud rev thSes On playing cards,
tusmctics, perfutprries, legacies, sue.
cesaions. and incopea from stocks
ind bonus OF corporations and joint
etocE companies. =. 80: IS @.
Tho, SccietaTyi callo attention 10
Tho" difficulties o]nGUGntored Ia the
enforcement OF the Chnesc Exclusion
laws md says: al AN Of tho option
that Ia long ns.our laws prohibit Tho
= lnnding Uf OIimsc Ihborets, tho priv
i!ese Of passingtLltouahour territory
<cannot be .eafniy gtartsd. aud II
should nj once bu revoked; II THE
privilege continues II &iii'bo impoy