The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-12-13
ANNUAL REPORT BRISTLES
WITH STATESMANLIKE SIG
GESTIONS AND HOPEFUL
EXPRESSIONS.
He Gives His Currency Plan In Detail
and His Reasons for a Changed
Financial Policy, and Urges
on the Nation to Tariff
Reform.

louay' II SHOWS that the revenues
OF the government from all sources for
Inc hs sea- year ending June 80, 1894, were
$3IZ,S96, AS and the expenditures $40.
6O5,65S, which shows a deficit of TS69.
SOS,260. AS compared with the fiscal
year lS93, the receipts for 1894 fell off
SoS,9l4,O63. During the year there was
decrease of $15, 1852 74 in the ordinary
expenditures of the government. The
revenues for the current fiscal wear are
thus estimated upon the basis of existing
laws cents omitted) From customs
$i00O,000,000; from internal revenues,
9,OOO,O0O; from miscellaneous sources,
Sdd99U,0OO,OOO; from postal service, $751;
411,14S; total estimated revenues, S424-
~, 40. Inc expenditures for the same
period are estimated as follows: For the
civil establishment, .$91 $50, 900; for the
military establishment, $53 $50, 900: for
the naval establishment $50 800. 900: for
the Indian service, $11, 100000: for pen-
slons, $40, 100000; for interest on the
public debt, $31 100000; for the postal
service, $S4, 427 ,74S; total estimated eX
penditures, $444, 427, 74S, or a deficit of
S2O,OOO,OOO. 1t is estimated that upon
the basis of existing laws the revenues of
the government for the ficsal year will be:
From customs, $1S5,0O0000; from inter-
nal revenue, S19O,OO0,000; from misce-
laneous sources, $15,00O,OOO from pos
tai service, $S6,97 ,407; total estimated
revenues, $476,907 ,4O7.
On the subject of customs administra-
tlon the secretary says there is, in his
OPINION, great necessity for a re-organi-
eaton OF the customs districts through
out the country by reason of the fact that
tnere are now many ports of entry at
which little or no business is transacted
These should be abolished and the dis
trlcts consolidated, and, in his opinion,
TINS could be accomplished with
sary to protect the revenue against
smugglers, and without withdrawing
proper facilities for documentng 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
volyed in investigating cases where Chin
csc unlawfully enter the United States.
IN the trial of those arrested and the de-
portation of those convicted, including
their transportation to the Pacific coast,
IS very large, and the appropriation re-
ferred should, in the Judgment of the
secretary, be not less than 100000 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 ne
cessitate the exercise of greater vigilance
and consequent increase in expense.
The department is in possession of re-
ports indicating a marked decrease in the
number of seals on the Pribyloff islands,
and in consequence the number permitted
to be taken this year was limited to 49,
O0O, and for the ensuing year the number
will have to be still further reduced.
concurrently with this falling off on
the islands, there has been for some years
great increase in the number of seals
killed at sea. While the official returns
cannot yet be stated, it is known that the
total catch in the North Pacific and Behr-
ing sea for the season just expired is by
far the largest ever known in the history
of pelagic sealing. The decrease in the
seals on the Pribyloff islands, coupled
with the large number of the dead pups
found on the islands during the last sea-
son, whose mothers presumably were kill
ed at sea, and the further phenomenal in
crease in pelagic catch justifies the be-
lief that before the expiration of five
years when the regulations enacted by
the tribunal of arbitration are to be sub
mitted to our government and that of
Great Britain for new examination to
consider possible notifications in the light
of present experience, the fur seal will
nave Dee0 pTactlcHIly eXtermlnateQ.
CURRENCY REFORM.
The most important feature of Mr..
Carlisle's report is his discus
sion of the subject of currency reform,
in the course of which the administra-
tiOn plans of Il new currency system
are set forth in tetail. Mr.. Carlisle
says: "On the LIST day of July last the
total cash in the treasury, excluding
current liabilities, bat including a gold
reserve of $64,S73G24, was $116,626,
221; and on the 1st day OF November
the total cash, excluding, current liza
bilities, but including $50, 1881 1856 in
gold, was $10G,992, 734, showing de-
crease of 1868, 647 The excess of ex
penditures over receipts during the last
fiscal year was 1858, 1853, 260, and during
the first five months of the present fiscal
year sd, 1871 1892. 1t is not believed,
however. that this difference between
the receipts and expenditures will con-
time in the same proportion until the
close of the year. and accordingly,
have estimated a deficiency of $4,000
600 at that time. Owing to the large i'm
portation of raw sugar in anticipation
of the passage of the tariff act of Au-
gust 26. 1894, the duties collected upon
that article up TO Dec. l amounted to
only S3,022,000. and of course nothing
has yet been realized from the tax on
incomes, as its payment cannot be legal
ly enforced until July ]. 1895. But there
is reason to believe that the impOrta-
tions 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 on ac-
count of the penalties which may be
incurred for non-payment within ~
days after July /, a considerable part OF
the income tax will be realized IN time
to he available. My opinion is that the
laws now in force will yield an ample
revenue for the fiscal year 1896, as all
their provisions will then be operative,
and the prospective improvement IN
the business of the country, if realized,
will greatly increase the resources from
which taxes are collected. and ACCORDING
" a surplus of $2S,S14,92O is estimateu
for that year. .uo5 a.
In nv last annual report l called at
tention TO the unsatisfactory conditl0n
of our financial legislation, especially
70 the issue and redemption OF circu-
lating notes by the government, anu lne
INABILITY of the secretary of the treasury
under existing laws. to make proInpte 4 tho
adeGuate provision for the support OF the
mbIic credit. The experience OF the pres
mt year has confirmed and strengthened
he 0ninions then expressed ana l theIe-
fore respectfully and most earnestly uI !SI
mon congress the necessity OF remeSIrllal
LEGISLATION during its present session. Ine
leSii, -, 5ofoctS in orr financial SyS-