Semi=weekly graphic., 1895-12-18
eaRLKSLES REPORT

C1h LISLE sS AEI Oh 4.
 Secretary Carllsles report Of the operations of the Treasury Depart ment was sent to Congress yester- day and those who have waited its coming since the convening of Con- gress for the purpose of attacking it will not find such factioual warfare as easy task as anticipated. It is a clear and lucid statement of the financial affairs of this Government, and characterized by frankness and conservatism throughout.
 The Republicans and other enemies of the Administration who have been waiting the receipt of this doc ument with bloody knives up their coat sleeves for the purpose of wag- ing factionai and captions fight upon Mr. Cleveland and his able Sec retary of the Treasury, will find themselves disarmed by the clear nesss and eeqency of the Secretary's arguments when they make the final attack.
 The report shows that the reve- nues of the Government from all sources during the last fiscal year amounted 10 S290 s73, 3,2O3. The ex- penditpres during the same period aggregated s433, ITS, 426, leaving a deficit for the year of $42, ,805, ,223. As compared with the fiscal year of 1894, the receipts for 1895 increased SIT, 570, ,7O5, although there was a decrease of $11, ,329, ,981 in the ordi- nary expenditures, which is largely accounted for by a reduction of $l1, : I34, 055 on sugar bounties
 The revenues for the olar4ent fiscal year are estimated upon the basis ofexisting laws at $43l ,s07, 407 and the expenditures at $449, 907 ,407, which will leave a deficit of SIT, ,O00, : 09A For the coming fiscal year end ing June 30, 1897, the Secretary es- inmates the receipts at $464, 793, 12O, and the expenditures at $457 ,8s4, 195 or an estimated surplus $6, 902 926.
 Throughout the recent bond issues the the Re Republicans and ethAa. enemies of the Administration consistently maintained that the. bond sales were for the gnFpose of replenishing the Treasury as, a, result of a deficient revenue. consequent upon the pas sage of the Wilson 3ariff bill. It will be remembered that the President in his recent message emphatically denied this statement, and the Sec retary in his rerort completely re- flutes the claim. s'The cash balance in the Treasury on the first day oi December, 1895, he says, ''was SIT, ,4O6, ,386, being sos, 0T2, APO in ex- cess of the actual gold reserve on that day, and ST, ,4O6, 386 in excess of any sum that it would be neees- sary to use for replenishing that fund in case the Secretary should at any time be able to exchange cur rency for gold. There is, therefore, 10 reason to doubt the ability of the Government to discharge all it's cur rent obligations during the present fiscal year and have large cash bal ance at it's close, without imposing additional taxation in any form upon the people"
 In referring to the gold reserve the Secretary makes a clear and iorcible argument in favor of the re- tirement of the greenbackR and the Sherman Treasury n,esss, and clearly shows that such. a Poliey would not result in an ipparious contraction of the circulating medium as asserted by the opponents of that policy.
 The report is thorough through out and the arguments adduced by the Secretary are unanswerable. If Congress shall follow Mr. Carhsle,s recommendation the Treasury will soon be relieved of all complications.