The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-17
One MORE MESSAGE
Secretary Carlisle's Report Has Beer
Sent to Congress.
THE DEFICIT is s42,so5, %,
Revenues of the Government From
All Sources Lack That Much
OF Being Enough-His Ad-
Vice and Views.

Washington, Dec. 16.-Secretary Car
isles annual report was sent to con-
gress to-day. 1t shows that the rev.
enues of the government from all sour
ces during the last fiscal year amounted
to sSsOS73,20S. The expenditures for the
same period were s433, ,s26, leaving
a deficit of $42.S05, ,223 AS compared
with the fiscal year 1894. the receipts of
with the fiscal year 1894, the receipts
for 1895 increased s17,170,705, although
| there was decrease of $11, ,329 9S1 in
the ordinary expenditures, which is
largely accounted for by a reduction of
sll,l34,O55 on sugar bounties. The rev.
enues for the current fiscal year are
estimated upon the basis of the exist
ing laws at s4s1. .9O7. .4o7. and the expend-
itures at $44s, ,907, ,407, which will leave a
deficit of $17,000.000 For the coming
fiscal year, ending June 30, 1897, the
secretary estimated the receipts at
1854, ,793,120. and the expenditures at
$457, ,SS4,193, or an estimated surplus of
Sc, ,90S, ,926
The secretary says that Great Britain
has refused to renew the sealing reg
ulations agreed upon for the season of
1884, providing for the sealing up of
arms, which leaves the question of the
possession and use of arms to be de-
termined wholly by the Paris award.
The total catch of seals at sea in the
award area last season was Sc, ,294, as
compared with 61,S3s for the season of
1884. A careful count of all the seals
on the islands last year makes the
number a little more than 200, ,00O a de-
crease OF more than one-haif since
1891.
or his report to a discussion of the con-
dition OF the treasury and the currency.
In the course of which he makes an ex-
haustive argument in favor of the re-
tirement of the greenbacks. THE cash
balance in the treasury on the 1st of
December, 1885," he says, was s177.-
4O6,3s6, being SOS, ,072, ,42O in excess of the
actual gold reserve on that day. and
sT4O6,3s6 In excess of any sum that IL
would be necessary to use for replen-
ishing that fund In case the secretary
should at any time be able to exchange
currency for gold. There is, therefore.
no reason to doubt that the ability OF
the government to discharge all of the
current obligations during the present
nscai year, and have a large cash bal
ance at its close, without imposing ad-
ditional taxation in any form upon the
people; but / adhere to the opinion
heretofore expressed that the secretary
or the treasury ought always TO have
authority to issue and sell. or use in
the payment of expenses short time
bonds, bearing a low rate of interest.
to supply actual deficiencies in the rev.
enue.
with complete return to the nor
NAL business condition of the coun-
try and a proper legislative and exc
cutive supervision over expenditures.
the revenue laws now in force will. I'm
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 to-
ward the restoration of our usual state
or prosperity will continue without Sc
rious interruption, II is estimated that
there will be surplus of nearly 81. .OO0.-
600 during the fiscal year of 1897. Dur
ing the fiscal years of 1894 and 1895 the
ordinary expenditures of the govern
ment have been decreased $27, ,2S2 656, as |
compared with the fiscal year 1898, and |
IL is believed that. with the cooperation |
OF congress, further reductions can be |
made in the future without impairing
Continuing he says: "The large
Withdrawals of gold in December. 1894.
and January and the earlier part of |
February. 1895. were due almost enS
tirely to a feeling of apprehension I'm
the public mind. which increased in |
intensity from day to day until IL near /
Iy reached the proportions of a panic, |
and IL was evident to all who were |
familiar with the situation that unless
enectual stress was promptly taken to |
check the growing distrust the govern /
nent would be compelled within a few |
days TO suspend gold payments and /
drop TO deprecated silver and paper \
standard. More than $4,000. 600 of the
amount Withdrawn during the brief |
period mentioned was not demanded |
Tor export. but was taken out by peo-
pie who had become alarmed on ac-
count OF the critical condition of the /
treasury in its relations to the cur
rency OF the country. The purchase of
$500 ounces of gold followed. IL being
IN the contract that not less than one
half of the gold was to be procured
abroad. the secretary. in order TO pre-
vent disturbance in the rate of foreign
exchange at critical point. and to
avoid a condition which would force
gold exports and consequent with
1rawals from the treasury. acquiesced
n a departure from the literal terms of
he contract that one-half of the coin
should be procured abroad, and accept
ID deposits Of gold then held in this
country TO complete the delivery.
Confidence in our securities he
continues. was at once restored. and
ng prosperity still continue. and IL is
certain that II our progress
$ not checked by repetition of large
demands upon our resources or by a !
allure TO meet the just expectations
II the people in respect TO the refor-
nation of our fiscal system. we are
.uterfnR upon an era of p.ofo-f.a |