Omaha daily bee., 1896-12-22
SAYS TAXES ARE SUFFICIENT
Secretary Carlisle Rororts Favorably on
the Treasury's Condition.
DEFICIT DUE TO BIG APPROPRIATIONS
Elaborate Arpumcnt Presented in
Favor OF the Presidents Policy
for the Rctircmcnt of
the GrcCnhnclss.

uf the finances shows the revenues OF the
| gov,rnrp,nt fran, All sources In bavo been
s,,o ,-- ,,y ,, ,,,., ,,,,,,,.,i,,,r,,. s,qi ~.
FfV''''''i'. """ '''' 'N' NV - '''''''''
| ooh Wh'th ieaNeS ueh't LOT 'he year
which ended June 30, 1896, OF go ,2Oj,2i
In addition to the ordinary revenues col
looted during tho yn,r tho cash in the
-, - -, -. 49,. s,r,,,.i,,.
'V"S"! was ."'' e'''' ~ '"o ."9
sums; From the sale OF SlOOOo2'oVO OF
per cent thirty-year bonds, l1,lG6 2i6;
and from the issue of per cent bonds in
rouilation of interest accrued on reiunding
certificates converted during the wear. Si13O,
,,,,ti.,,, ,,t,t en- t-o q-e
.. ,eo-
AS compared with -the hs,ai year 1870,
the receipts for lS96 increased Tl9 lV2'2ol' OF
which the following are the principal items
! OF increase: Customs, SGSf3l3t; intefaal
revenue 1891 1872; profits on coinage, pal
lion deposited, etc, $l,256,5l2; postal SERVICE
S5,jl6,0SO. There is shown 20 have been
decrease in the ordinary expenditures of
| a. n15 $50
rL ,...,,, - ,,, .,,.,r,,,,,,,,, ror Tho
lno revenues vi tue SoNe'nt'i.!.y iU' -, tn,
! the basis of existing laws: From customs,
| x1dS OOO 900. from internal revenue SiJD-
aI00''VvO Gaa GO0 riT rco SSS ooG ooo
"VV'VOy' ''','l 'O"9 ,n 90 ,,n ...t III
from posl"l service, ~, l-o' 'o'"' es'i-
mated revenues, $iO7T93 l2O.
The expenditures for the same period are
estimated at si7o 9g3 100 leaving an esti-
oil J,S, for ba nf SGt
These estimates OF receipts and eX-
| psnditures. the secretary says, are made
upon the assumption that there will be no
,i,trt,,,i,I oranna e., o,istiry business com
Su',S''u'i''i uh, .r"u9I ,9I IL" t 'o - - ,,,l,,i,
! expenditures will not be red"ced, But IL
our ordinary business activity should be
| rcsurncd and ,hn con.ur,nt ion of articles
/ III, a., to,otS,r gto,,iI Increase IN its
supJtCI 20 l"Na'iun Siou'u Ia' - T., "
the the ''., secretary g' says W no deficiency in our
revenues.
TAKES UP CURRENCY REFORM
In his discussion of the currency question
me secretary n'ahe5 az, oA"us,,e S a. Ta,i,
! IN laFor OF the retirement Huin cH HCu'"'i.l'
| Of United States treasury notes, In the
| C,,, ,,,,,.t.,,,, it,, ,t r,s,,,,,,,ti,r of
our eApsIlynge sln'e ,Ns P.'1i,
! specie payments has so thoroughly uem'
| Cnslratel tie impClicy Of attempting to
maintain the circulation OF these notes as a
p.ruancnt part of our currency that further
rgr.ut mon the onns'i5n seems TO be IN
,nn7."s.,,,i.y SS,.rnni rST the purposp of again
! ~, j,,,r M srEi.rt ,lnGn tbr n ,t.ntlOn of
| congress and uye.inr the prompt adoption OF
! ,uGh measures as VIII within a Reasonable
Lime lime o GmiH2le GstS, TINS element oil weakness
The mainjenance of a policy which ncces-
! GiirdSSn Of TnTnisbi1g cold 6t the public ex-
D,,go N ali ,,bo i5It,, demand il FOR lisc or
Roarliu9 NJ home I''' or fnr aXDort 10 other
| "Srntrirs cannon be iustifrd unSn any
go,,d Of Ji,n,,,, nr snnnd tinanc5I
| ; SEuiitu, VI 'NPN "''i''S "a '''''" ''
! 'IVbji" Tho eovcrnnent has mower to bor-
@ nI,I [I' Il ~ t ~ diit n esiie Dubiic
| obii-atinrss,' rncraiv Tor The pilrDosc Of nro-
Ei!inS paper Gul,emCy IoI "H' IN 'nG uii,S
,oI a. ~, 70 ,,ti%t,n 70 ,1,iSe its
grnnisle iiSt,oI teni,r in he Dayrnnnt of
| tionGd nv the constifution. instead of i'm
| parting strength ana stability to our cur
| rency system, seriously endangGrs II by
| the Introduction of political and partisan
| considerations into. the management OF a
| subject winch ought 10 be resuiaied en-
| tirely bN the business interests o. the pJo-
| pie and by inc laws OF trade anu tmG pTIin-
| Ilplcs MLllch coh'roI ho'it't 'o'ii''ie''''' III
| kJVTdS,sb tho actuol ob;litv of tba poy-
r.Ut 70 rnJanTo is pnteS rroTnntIS in
,nIi Snn ,U,v he iindisnntGd stiIl thn Gues.
tio' Sy,t G, tbay vii he or ougbt tn he
| so radgeTned miIsf oiyyays he omen 10 public
ana it is 81 TS Si n0wG nat Grb inc
| mo pnsf low Years has unon several occa-
! Sims @raativ 'imnariI"j he safety of our
| entire CURRENCY system So long as the
| United States notes remain in circulation
questions as to the mode and manner of
procuring and maintaining a coin reserve
| for that purpose VIII be made pDlltlcai
issues, and SO long AS these, questions re
stability of our currency must be more or
| less disturbed. we must hot pe DE.
| luded INTO a teellhS OF security by lhe laGt
| that there has been q suspension OF gold
| "lI"NI Wis uGIliiT w @ tnSt IN Lto,.lI I3
Gnu " ihrsS "VGvSIiIo' Vvi' 10 H. out nto'n & ~, EIIlI EI
10. .znt h
US,' 'C,,,iiti0,, az afrairs v,iii b ,Sr
Tv,,t if our SIsi iine svste,n ia mninfaihed
| N s,stnrS Of r6inngp ibat can he GevIsgd
| LII rurnIsb ne with either %old or siivrr.
| mniass If n5ys for il with means already
| collected by taxation or by contracting an
| Indebtedness TO be paid for by the Deople in
| the future
| MIST RETIRE GREENRACI,S
| 7 ,T,, tboro,,,1,l,, cnn,,ircoJ Tho ro,iro
,,t ~ MA ,Ssiit tioS of IrpitaI Statcg
,g 90 o.6 ni,eses mao, s,Ici' aosSn" No
| iiWitotions and restrictions as to time ana
| ,IntIo5g nc Con~rass Troy sec Dron.r tG
,,,,,rii, or =, sIr,l,,,t socrotoI,. 80 tt
p gSCuie o ij,t a., IT, Ii Ii
G,j 1i",,,i ,i,,,tii ,o ,.,,i i,h
oI tarnnororiiy In an ii,tIi
ci'nnitil..S G' fg',lo' ,,'1iE. IA an injurious
sacrotaTv SarIIse renrwS his rccommen
| dation made In mis- last report that the
| sacrctary of the treasury should be all-
| thoriZ,d TO issue from time to time
! bonds payabIe i'm gold bearing inter
! esf nj "A rate not exceeding 3 per centum
! ner ann1im ana having "A long time TO RIM
| and to rvcbnngG srnb bonds for Irnitrd
| g.. .o, rotos ond tr..sItr,, not.s 1,r,,, si,,L
| tnr,ns as r,iTbt ba r,rsf ad,snta ann,,s tn
/ tLo' arr,,arn,,,. nj IN, IN ali No LDn,l. oIrooI
Slr EHNi i W a. M i,I III 1"t,t9 "i ~, ~
ioI s4!I, III la 5uo5 ',, ~ ~ ''',EIS
mus oIll,aill'u III "fJJnl,E is'rhlpl!pi5S or
uulSSanullS LuIS9. X E.Lta ~ uatai ms
| fcASrN" Ipr CARRYING thlS pIdh INTO eliect.
| Whatever pan may pc hnniy adopted
Ior inc retirement OF Ihlttu states notes
! and treasury notes, says the secretary, it
! the government against demands for gold
! In the future unless II includes a provision
| relieving the treasury from the OBLIGATION
| to redeem national bank notes, except such