Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1895-12-28
REPORT or SEC. CARLISLE
Present Revenue Laws Yield All
the Government Needs.
Many Sources OF Useless Expenditure
Should he Aboiished--AH APP
preparations Need Care
full Scrutiny.

Washington, Dec. 1.-THE return OF
the president to Washington has re-
leased the report Of Secretary Carlisle,
which was sent 20 congress today.
He estimates that for the current fs-
cal year the from all sources
will be s431 ,007. 407 and the expenses for
the same period s44s,907, 407, leaving a
deficit of ST., 600, 900. Upon the basis Of
existing laws the revenues for the fiscal
year 1897 are estimated at SfG4, 1913, 120.75
and the estimates OF appropriations as
submitted 70 congress by the several ex-
ecutive departments call for an %expendi-
ture exclusive OF the sinking fund Of
s457 1884, 193. 02, thus leaving an estimated
surplus Of Sc. 90S, 926.S3.
The secretary makes no recommends
ton for increasing the revenues of the
government. He says the situation in
his judgment does not require any legis-
lation for raising additional revenue Of
taxation al this time.
He says while all the essential agen-
cies for an efficient administration Of
the public service should be adequately
provided for, he feels sure that a careful
examination will disclose many sources
of expenditure which might be greatly
reduced or entirely abolished, and legis-
lation in this direction. together with a
refusal TO make appropriations for new
objects Of doubtful necessity or propri-
cty v-ould tend very materially 70 equal
IL. the public receipts and disburse-
,nents.
With a complete return to the normal
conditions Of the country and proper
legislative and executive supervision
over expenditures, the revenue laws
now in force yield ample means for the
support of the public service upo the
basis now established. and upon the as
sumption, which seems 10 be justified,
that the progress now being made to-
ward the restoration Of our usual state
Of prosperity will continue without
serious interruption, he anticipates q
surplus.
The secretary states in detail the dif-
ferent bond transactions entered INTO
since the adjournment Of the last con-
gress and states that the contract en-
tered into for the last issue Of s~62,3l5,-
400, OF 4 per ent bonds was fully carried
out by the syndicate to whom the con-
tract wa given and that 1.-THE benehcial
effects OF this transaction were felt I'M
mediately not only in this country but
in every other having commercial or
financial relations with our people" But
he says the safety of the existing stu
alton is constantly menaced and further
progress toward a complete restoration
of confidence and prosperity is serious
" impeded by the defects in our cur
rency laws and the doubt and uncer-
talnty still prevailing in the public
mind, especially abroad, concerning the
future monetary policy OF the govern
ment. These difficulties ne proposes 10
remove by the retirement of the green
backs and the extension Of the national
bank system as indicated in the presl-
dents message. He controverts the
contention tina surplus revenue would
extricate the country from its difficult
les. and states:
mo surplus event. however large
could extricate VA from our present diff
culties or give assurance Of safety in the
future unless il should be required to be
paid in gold under a system which would
exempt h government from the obi
cation TO furnish the gold when de-
manded to be used in making the pay
ments; and 1t is scarcely necessary to
suggest that such a system is impossi-
BILE as long as the United States notes
and treasury notes are kept in circula.
ton and are redeemable In gold by the
government itself on presentation"