San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1895-12-16

WASHINGTON, Dec. 16.-Secre-
tary Carlisle's annual report on the
state of the finances was sent to
congress today. 1t shows that the
revenues Of the government from
all sources during the last fiscal
year amounted to $500, 37s, 2O3. The
expenditures during the same
period aggregated $4SS, LIS, 426,
leaving a deficit for the year of
$50, S02, 223. AS compared with the
fiscal year 1894 the receipts for 1895
increased $l7,57O,7O5, although
there was a decrease of $ll, 329,9S1
in ordinary expenditures which is
largely accounted for by reduc-
tion of Sill, f84, 055 on sugar beun-..
ties. The revenues for the current.
fiscal year are estimated upon the.
basis Of existing laws at $43l ,907,-
407 and the expenditures at s44S,-
907 ,407, which will leave deficit
Of $l7 ,000,Q00. For the coming fis-
cal year ending Jnne 80, 1891, the
secretary estimates the receipts at
1854, 1913, i20 and the expenditures
at $457, 1884, 1913 or an estimated sur
plus Of $6,90S,926. The secretary
states briefly the facts concerning
the issues of bonds during the year,
the particulars of which have al
ready been reported to congress.
The report shows that the Behring
sea patrol fleet during the last sea-
son boarded and exsmined94 YES
sells, "a Of which were engaged in
sealing. The number of skins act
ually counted was 81 ,2l6. Many of
the vessels in the revenue cutter
service, the secretary says, are very
old and nearly unseaworthy and he
recommends that four new ones be
provided to take the place Of the
"McLane," the Crawford" the
"Seword," and one for the port of
New York.
The secretary says that the gov
eminent of Great Britain has re-
fused to renew the sealing regula-
tions agreed upon for the season of
1894, proving for the sealing up of
arms, which leaves the question of
possession and use of arms to be
determined wholly by the Paris
award. The total cStch OF seals at
sea in the award area during the
last season was 56, 291, as COM
pared with 81, 1888 for the season Of
1894. The cath on the seal islands
was $4,000. A carefQl count of all
the seals on the islands last year
makes the number q little over
100000, a decrease Of over one half
since 1891. The secretary devotes
a large share of his report to dis
cussion of the condition Of the
treasury and the currency in the
course of which he makes an ex-
haustive argument in favor of the
retirement OF the greenbacks.
"The cash balance in the treas
ury on the first day of Deem Der,
1895 he ''says, twas sly ,406, 1856, be-
ing sos, 027 ,240 in excess of any sum
that it would be necessary to use
for replenishing that fund in case
the secretary should at any time
be able to exchange currency for
gold. There is, therefore, no reason
to doubt the ability OF the govern
ment to discharge all its current
obligations during the present fis-
cal year and have a large cash
balance at its close without impos-
ing additional taxation in form
upon the people; but 1 adhere to
the opinion heretofore expressed
that the secretary of the treasury
ought always to have authority
to issue and sell or use In the pay
ment of expenses, short-time.bonds,
bearing low rate Of interest
to interest casual deficiencies
in the revenue. With a COM
plete return to the normal busi-
ness conditions and proper legis-
lative and executive supervision
over expenditures, the revenue laws
now in force will, in my opinion,
yield ample means for the support
Of the public service upon the
basis now established, and upon
the assumption which seems to be
justified, that the progress now
being made toward the restoration |
Of our usual state Of prosperity will