The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-12-05
IL Proposes the Redemption and Per-
manent Retirement OF United States
Legnl-Tender Notes.
NATIONAL AND STATE BANKS
TO PROVIDE THE CIRCULATION
NEEDED BY THE COUNTRY.
Bond Deposit Laws TO he Repealed,
but Other Safeguards Recommend-
ed-Reasons for the Change.

WASHINGTON, Dec. 4.-The annual ~
port of the Secretary OF the Treasury on
the finances was sent TO Congress to-day.
II shows that the revenues OF the govern
ment from all sources for the fiscal year
ended June 80. 1894. were $372 so. .1sS. and fhs
expenditures $40. co. .e5s. which shows a def
lett of s69, So, ,26o. AS compared with the
fiscal year 1893. the receipts for 1894 fen OF
SSs,91406S. During the year there was
decrease of Sl5952.e74 in the ordinary ex-
pendisures of the government The rev.
enues for the current fiscal year are thus
estimated upon the basis OF existing laws
Gents omitted):
The revenues of the government for the
current fiscal year are thus estimated upon
the basis OF existing laws:
From customs ........---.....------ SlecO1o.uv
From internal revenues. ............ l65Ooo.ooo
From miscellaneous sources....... l5.oo0.0o0
From postal service-.-....----.-... 8<zs.sss
Total estimated revenues........ $i24fz7.7ss
The expenditures for the same period are
estimated as follows:
For the civil establishment....... ssl 10000
For the military esta tablishment-.. 5S. 5000
For the naval establishments. Sz,5o0.Oo0
For the Indian service. n.50.oO
For interest on the public debt. 100000
For postal service. ................. eifzi,Is
Total estimated expenditures. s444. AZ. .74s
Or deficit of.................-.. SO.ooo.ooo
1t is estimated that upon the basis OF exist
ing laws the revenues of the government for
the fiscal year 1896 will be:
From customs. ms........................ sloo,VJ,Vy
From internal revenue............. 1sO,OO0VU
From miscellaneous sources-.-.-. l5.oo00 900
From postal service............--. S.@'40
Total estimated revenues. ....... $76. 6.90, ,40
On the subject OF customs administration.
the Secretary says there is. in his opinion.
great necessity for a reorganization Of the
customs 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
and the districts consolidated. and, I'm
his opinion, this could be accom-
piished without impairing the means neces-
sary to protect the revenue against SNUG
glers and without withdrawing proper facil-
tiles for documenting vessels
The appropriations heretofore made an
nually for the enforcement OF the Chinese
exclusion laws are declared to be made
quate for the purpose. The expense In
volved in investigating cases OF Chinese
who unawfully enter the United States.
in the trial Of those arrested and the de-
portation of those Convicted, including their
transportation TO thet Pacific coast, Is very
large, and the appropriation referred 10
should in the Judgment OF the Secretary.
be not less than 500, ,0o0 per annum.
The pending treaty between China and the
United States under which laborers re-
siding here may, under conditions, leave
this country and return thereto, will neces-
state the exercise of greater vigilance and
a consequent increase In expense.
The department is in possession OF reports
indicating a marked decrease In the num-
Der of seals the Pribyloff islands, and In
consequence the number permitted 70 be
taken this year was limited TO 5000. and
for the ensuing year the number win have
to be sin further reduced. Concurrenfly
with this falling of on the islands there
has been for some years a great Increase
the official returns cannot yet be stated,
IL is known that the total catch in the
north Pacific and Bering sea for the sea-
son just expired Is by far the largest ever
known i'm the history OF pelagic sealing.
The decrease In the seals on the Prtbyion
islands coupled with the large number or
the dead pups found on the islands during
the last season, whose mothers, presuma-
bly,, were killed at sea, and the further
phenomenal increase in the pelag1c catch,
justifes the belief that before the explra-
ton OF five years, when the regulations en-
acted by the tribunal OF arbitration are
| to be submitted 10 our government ana
that OF Great Britain for a new exam
ination, to consider possible notifications
in the light OF past experience, the fur
seal will have been practically extermin-
ated.