Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-12-16
THE WASHINGTON BUDGET
Annual Report of the Secretary of the
Treasury Was Submitted to
Congress To-day.
RETIREMENT OF GREENBACKS URGED
Cuban Revolutionary Party Issues an
Earnest Appeal to the Liberty
Loving People of the
United States.

Washington, Dec. 16.-Secretary Car
isles annual report was sent to congress
to. day. 1t shows that the revenues from
all sources, during the last fiscal year,
amounted to $3.50, O,873,2O3. The e1-
aggregated $433,178,826, leav-
ing deficit Of $42,S05,223.
The revenues of the current fiscal year
are estimated upon the basis of existing
laws at $481 1,907, ,407, and the expendi-
lures at $44s, ,907, ,407, which will leave
deficit of $l7,OO0,OOO.
For the coming fiscal year ending June
30, 1897, the secretary estimates the re-
ceipts at $464, ,793, 100, and the expendi-
turss at 3l57, ,884, 1893, or an estimated sur
plus Of $6,906,926. /.
The secretary devotes large share OF
his report to discussion of the condl-
tion Of the treasury and currency, max
ing an exhaustive argument in favor OF
the retirement of greenbacks.
"As part of the law for the retirement
and cancellation of legal tender notes" !"
he says, "the treasury should be relieved
from responsibility for the redemption
of national bank notes, except worn,
mutilated ana de1led notes and the notes
of failed banks, and each association
should be required to redeem it's circula-
ton at its own Office and at agencies, to
be designated by the comptroller OF the
currency, as was the. case prior to the
passage OF the act of June 80, 1894; or, If
this is not considered expedient aud the
PRESENT SYSTEM OF CURRENCY REDEMPTION
by treasury is continued, the secretary
should have power, after future dates to
be fixed il law, to require the banks to
keep their s per cent redemption fund IN
gold coin, and deposit gold coin for the
withdrawal of bonds whenever their cir
culation is to be permanently surrendered
or reduced"
The secretary also favors the passage
of law allowing the national banks to
establish branches in small towns with
view Of bringing them closer to the peo-
pie in parts Of the country remote from
large towns. :.
The secretary says that it is not prob
able that any plan for the permanent re.
tirement of United States notes and treas
ury notes will be adopted that will NOT
REQ uire considerable time for its execu.
tion, and therefore urges upon congress
the propriety of prohibiting any further
issues of such notes or national bank
notes of a less denomination than $40
thus making room in the circulation foi
silver coins and silver certificates OF smal
denominations. This, he says, would in
crease their use among the people ant
prevent their return to and accumulation
in the treasury.
CUBAN REVOLUTIONARY MANIFESTO.
The manifesto of the Cuban revolu
tionary party to the people of the United
States was made public to-day. It 10
long document, prepared by Enriqu,
Jose vanona, ex-deputy in the Spanish
cortes, and reviews the history OF th'
revolutionary agitation in Cuba and th'
present conditions on the island. Th'
manifesto summarizes Cuban needs thus
'The people Of Cuba require onl1
liberty and independence to become
factor in the prosperity and progress
among civilized nations. The fault lies
entirely with Spain. Cuba is not al
offender, but the defender of its rights
Let America, let the world, decide where
rest justice and right"
II is set out that 10 people coulA beal
the wrongs endured by the Cubans with
out protest, without degradation, ant
without condemning itself to ami ihilation
| II concludes: "Spain denies to Otbans al
effective powers in their own country
condemns them to political infetiority il
their native land; con1scates tie profti
of their labor without giving in return
either safety, prosperity or education
Spain has shown itself utterly incapable
of governing Cuba, which II exploits, i'm
poverishes and demoralizes. Abe Oubane
not in anger, but In despair, hive appeale'
to arms to defend their rights, and vindi
cate the eternal principle, without whicl
every community is in danger, the princi
pie Of Justice. Nobody has b right of or
preston. Spain oppresseslus. In rebel
ling against oppression, fe defend tn
right. In serving our own cause, We serv
the cause of mankind"
NOT so BAD
The monthly statementof exports an
imports of the United States issued b
the bureau of statistics shows that th
total amount Of domeitic exports fc
November was e85, 1851 f67, against $7S
887,8 1884 for Novemberj 1894. Total in
ports Of merchandise fr November, $6S
S4s,795, of which e82, ,189, ,725 was free {
duty. For 1894, $6O,t67 ,482, of whic
e28,984, ,666 was free of duty.
i Exports of gold, $14,066, 400; excess .,
ports over imports, 418,478,s76, again
excess Of $1,507, 1888 in imports over O.
| ..& 1904