The record-union., 1894-12-05
special to the RECoRD-UN1oS.


WASHINGTON, Dec. 4.-The annual re-
port Of the Secretary of the Treasury on
the state of the finances was sent to Con-
gress to-day. 1t shows that the revenues
OF the Government from all sources for
the fiscal year ending June 80, 1894, were
$372 S02, ,49S, and the expenditures S442,
605, ,75S, which shows deficit OF 6O,SO3.-
go. AS compared with the fiscal year
IS93 the receipts for 1894 fall off SIS, 9l4, ,O63
During the year there was a decrease OF
$l5, ,952, ,674 in the ordinary expenditures
OF the Government.
The revenues for the current fiscal year,
estimated upon the basis of existing laws,
cents omitted, are: From customs, $780,
100000; from internal revenue, Sl63, ,0G0,-
600; from miscellaneous sources, Sl5,000,-
900; from postal service. SS4, 427, 14S.
Total estimated revenues, S424, 427, 74S.
The expenditures for the same period are
estimated as follows: For the civil estab-
lishments, S9l, ,250, 900; naval establish
ments S32 300, 900; Indian service, $l1 ,300,
00G; pensions, $40, 100000; interest on the
public debt, S3l ,G00,000; postal service,
SS4, ,427, ,749. Total estimated expenditures,
$I44, 427, AS, total deficit OF so, ,0O0 coo.
1t is estimated that, on the basis of eX-
listing laws. the revenue of the Govern
ment for the fiscal year 1896 will be:
From customs, SlS5, 100000 from internal
revenues, $50 600, 900; from miscellaneous
sources, $50, 900, eco; from postal service,
So6, ,407. Total estimated revenues.
S476, ,907 .4U7.
CUSTOMS ADMINISTRATION.
On the subject of customs administra-
ton, the Secretary says there is, in his
opinion, great necessity for reorganiza-
ton of the custom districts throughout
the country, by reason OF the fact that
there are now many ports of entry at
which little or no business Is transacted.
These should be abolished aud the dis
tricts consolidated, and III his opinion
this could be accomplished without i'm
pairing the means necessary to protect
the revenues against smuggiers and with
out Withdrawing proper facilities for
dOcunenting vessels.
CHINESE EXCLUSION ACT.
The appropriations heretofore made an
nually for the enforcement of the Chinese
exclusion law are declared TO be made
quate for the purpose. The expenses in
volVed in investigating cases where
Chinese unlawfully enter the United
States, and the trial of those arrested and
the deportation OF those convicted, in
cluding their transportation to the Pacific
Coast, is very large, and the appropria-
tion referred should, in the Judgment of
the Secretary, be not less than $780, 600
per annum.
The pending treaty between China and
the United States under which laborers
residing here may under conditions
leave this country and return thereto
will necessitate the exercise of greater
vigilence and consequent increase in
expense.
FUR SEAL INDUSTRY.
The department is in possession of re-
ports indicating marked decrease in the
number OF seals on the PribyIoff Islands,
and in consequence the number per-
mitted to be taken this year was limited
to 10000. and for the ensuing year the
number Will have to be still further re-
duced. Concurrentiy with this falling
oil on the islands, there mas been for
some years great increase in the num-
Der of seals killed at sea. While the Off
cial returns cannot yet be stated it is
known that the total catch in the North
ern Pacific and BehEing Sea for the sea-
son just expired is by far the largest ever
known in the history of pelagic sealing,
The decrease Of seals on the Pribylotf
Islands. coupled with the large number
OF dead pups found on the islands during
the last season, whose mother presum-
ably were killed at sea- and the further
phenomenal Increased peIagic catch,
Justities the belief that before the expira-
tion OF five years--when the regulations
enacted by the Tribunal Of Arbitration
are to be submitted to our Government
and that OF Great Britain for a new con-
vention to consider possible modifica-
tions In the light OF past experience the
fur seal will have been practically exter-
minated.
CURRENCY REFORM.
The most important feature of MIR.
Carlisle's report is his discussion of the
subject of currency reform, in the course
of which the Administrators plans of
system OF currency are set forth in de-
tail.
Mr.. Carlisle says: son the Ist dav of
July last the total cash in the Treasury.
excluding current liabilities, but includ-
ing gold reserve OF S64, So, ,024 was SlI6.-
6,22l; and on the lSt day OF November
the total cash, excluding current liabili-
ties, but including sol, ,3Gl, ,626 in gold, was
SI06,992,2l4, showing a decrease OF Sc, ,633,-
49,.
The excess of expenditures oyer re-
ceipts during the last fiscal year was S69,-
S03. .260, and during the first five months
OF the present fiscal year 81, 737 1867 o. 1t
is not believed, however, that this differ
ence between the receipts and expendi-
lures will continue in the same proper
tfon until the close of the year, and, ac-
cordingly, / have estimated deficiency
OF so, 900, 600 at that time.
lowing to the large importation of raw
sugar in anticipation of the passage of the
Tariff Act of August 20, 1894, the duties
Der Ist amounted to only IS. .022, 900, and
of course nothing has yet been realized
from the tax on incomes as it's payment
cannot be legally enforced until J uly /,
1895. But there is reason to believe the
importations of sugar must be resumed at
an early date, and continued upon scale
which will yield a large revenue from
that source during the remainder OF the
year, and it is probable also that an ac-
count OF the penalties which may be in
CURED for non payment within ten days
after July 1st considerable part Of the
income tax will be realized IL time to be
available.
My opinion is that the laws now in
force will yield an ample revenue Tor the
fiscal year 1896, as all their provisions
will then be operative, and the prospect
i've Improvement in the business OF the
country, if realized, will greatly increase
the resources from which taxes are col
lected, and accordingly a surplus OF S20,-
SI4.920 Is estimated for that year.
In my last annual report l called at
fention to the unsatisfactory condition of
our financial legislation, especially to the
issue and redemption of circulating notes
by the Government, and the inability of
the Secretary of the Treasury under
existing laws to make prompt and aie-