The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-12-27
CARLiSLE'S REPORT.
Annual Statement OF the Govern
ment Finances
submitted TO Congress BY s~crrsarv Car
Isle An Exhaustive Argument In
fascr Of the Retirement
of CresnbaekS-

I and important document. but that ~,
! tion OF il which referred "a nation,
: finances was a. follows:
: AZ the beginning ~ the last fiscal wear rn
iSs' ne cash balance ia the treasury !.
, 49, a.. surs.nt liabilities. but including
koAa reserve OF s.5-SIs al. was ais 81 ~ I
ana ~ the close 80 the Year. june s, lsyS n
cs>n uahace. excluding AL current 5faAiutl.
40. ntr.ans kvsN reserve ~ 80 osa.. va
Aa.. showing Increase N : . rS.- N. :
The excess ~ Expenditures Yer r.e,i ~ M n
tas Year Wa 80. - J.. a. aralns,
GeLcirrcy ~ So N0 10 s. turtn. Inc -~-.i "a,
49, The total Receipts during the n~rai w,
~, Ncre sio!~stAa - greater than the rerefn-
.a.AHs ne hsrAl Year 1874 ant the expeni
lute> we're sll&% SCI - les than durifg M
year 1874 The revenue derived from rrsf y.
uufing Inc r~cai year l~4i eNcerted ~ r,v.,,-
aeasN 81 nniA the same source d 1885, Ia ii,
sun 81 sNSfO0Sts, but the receipts under ~,
internal revenue laws, and from ~orne n,he
solrSts' We're less than daring N. p-ryinr,
year. 80 that the net increase n rev, +. -,
s9r<~N1>t a. above stated.
AZ me income tax provision confined n ms
49, ANTAst =. i-*s. had been Sustained II,
.Ae esnriN. III believes that the dehrscncy ~
The wear would not have exceeded rhe .n,r.
ESTIMATED IN nv last annual report. IA tha,
.rpift me opinion was expressed that the law~
lhen ~ force would not only Yield an amnis
revenue during the r~ca. wear Issr IN. ~.
mere would be a surplus o. nearly - Oolar
- "pal.oa ~As based Epqr the suppo>ition.
wAich then seemed 70 be well founded thar All
tnr sources or revenue provided Ia the aet ~
August :, l@i. would re available ana ,ha-
oMans % The higher rate OF tax
atom imposed unon distilled shirts ans snT.
otn-r articles. the receipts under the fntern.f
revenue laws would tie very cpnSil.rahlv f,-
$3.50. olt tne decision ~ The supreme court.
uoiutNe Inc income tax provision - the acf IN
pe Unconstitutional and The fact thar IN. ~
rript~ from internal Revenue did ~. inrrra<a
t.S,Ia'ea out actually fell ~ IS 6~s. So ~
1870 the fiscal year l>.S. A. compared Win
ne previous year. Notwithstanding th~ h;rhs-
.-te IMP sea on spirits and other articles
have greatly altered the ~;tla-lon n-4J.-,
- ~ lAf 0TIftnu fnmr Thnwa VI "a - u I
,e.ency q about 81. 900 curing the currea,
Discussing the endless chain theory
OF the deficiency. the secretary SAYS:
Ihe toiai excess ~ expenditures oyer re-
setp.> tranl july i-~3 70 December I. isS.
Nas -i."A and ~ This sun A.: 49, Aat..
was ratt cut ~ The balance ~ hTrI 1rtbr.
ua'e il exec, - slppuplt.u anl tha r~n.afr-
ID supplied ov The use " Unied
-pits aAa treasury Notes presented for
Redemption and thns received into tht tress
w. n eAealnee fr : doom. The act 3,
United states note ma ~ re4-evct 80
cetftl lntp the treasury under anv av- .-.r,
1.H Ss-sss Whatever. and Shall Ae,ear { the
.irel. Cancelled or DESTROYED. fut the .,.T
os rri~sHei aud paid out again and Keep, hi
II = clear thar when any ~ the~. no,o.
n-Fe been redeemed thew DO not constt.r,s ,
tAfs o. The reserve fund but become 4 nart M
srnsrai cash assets Of the treasury
money heion~frv manner a.
eminent Whenever they could. by *
raan.es De nssd 70 procure gold for the
= applied. but. when this could no. he Sops
nave petu treated as available .untS M
expenses. None q. nv pr.ier.-.r- Il r-sne
lAte ever made any distinction hotw.e, ~
.ote, received "a payment o., the Ordinary
.nd reJeemes IA 81, Pls~.n.el by the holders
ised in.ss $500 e+ai. ~ snen notes have been
,ubiic snrvien macy a. ne exiEencies Of the
Secretary Carlisle
Il this n-ronosi,io, - upPor'
arv Sbarra, $50 "vtre- I
80 when ied n the 4
dw OF congress-. enacted Navar -. :
it mandatory upon III. - :
ppm ahr >ccre- '
u the treasury TO reissue the )
Iotes. 4
since The y
.<nt An- usty ., the secretary OF tie treasury v
, ae.ssre the o.1 ieSa4-tencer note-. no matter =
4" trer-Ntu INTO the treasury. provided they v
riphg 70 the United States ha> never nee1 y
lru " any quarter. and. IS 70 b
enfy notes issued under the
tEtAa>AlE act. they must ~ ~
-issutd ~nen redeemed IN ro,d. {.
y sa-eeiel' standard silver dollars must IA q,
y VIII piate ior u this were not done. H
itstardfr go r amount q such notes ~
ID TIE standard -tlre- Y VI slser bullion -
on ane ned II re treasury. ami ihis conti- Nj
" which the ro... 49,. $500 lH- -
note, are reissued or deStross1 III VI
: nract WI un..ar- substituted for them. -
both cases the serretarv ,- am \ ipr -
n"les reieemed IN god for az
yernmeat: III one case. " nsy, 2, .ae n
.trs' ana ~ the other. hv drawing ~.
.t"-N rae reserve frnf on account AZ ~
SAnN'iiaton' and then paying n-t the TN
an
Discussing The oroSna.. ri
"a ~ ~ i'Nehue fel
y 0APHutures coming together in Gel
.ne l1'ure- the secretary says. IN
4. "a \ ~ aHce u The treasury on the nrst
.0rs - N e,. 49, h'.fhsf being
mar aav arA q ASslaL E"sl reserve lis
r sum fAa- u N excess ~ ~
FOR erIarIxrAr. w ArseN.ary -
serre-arw el~A iNhl IN case I"
n 10 excbar,. .-- auy, ume be PR
re.ore Az rea.r~ :. i. Ry.u mere y. an
.ernutar- ~ uy-OA ,te ADiAty ~ The col
cations ssri,- ~. ~ - currency WI
IL a ia~..a 600 ANsAi year ali
3oAf-v .Faf,sr@. ~ tA'~. without acc
n.nnte- h~, \ Na.lvn AA any form upon tht
~ errrexsed 49,. ~ 'nt rsihlon' mere faA
asurv l..,h, .N ~ etAry 81. the exc
sell ~ Wse \, ~ AItAvtit y tol>>He ION
-f-tlme hrnas go !" Nrna " eNs'nsts IN
u su,uI, casraf 49, nv N inter- NC
~ 'Ae rev III
Mn