The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1898-12-09
NATIONS FINANCES.
Statement ~ the Secretary Of the Treas
ury-aoid standard to he Maintained.

NATIONS FINANCES.
Statement ~ the Secretary Of the Trs.s-
ury- ooid standard TO he Maintained.
The secretary OF the treasury reports
that the receipts Of the government
from all sources during the hscal year
ending June 80. 1885. including iN.1bl-
2fs received from sale Of Pacific rail.
roads. amounted 20 1905 a2i .as5, and IL
expenditures TO tif33Gsts2 There was
ATTAINED from customs fitp,blb,oe2. and
from internal revenue $40. sOOsu. our
dutlablo imports amounted 20 i12i,ISb,-
Hp, a decrease OF t6s. 1860 over the
preceding year. and importatlons nee 81
duty amounted i29i,tif no. a decrease
from the preceding year OF too.t2i.otA
Internal revenue receipts exceeded those
OF the preceding year by. i2ifia.o@
The total tax collected on distilled
spirits was 80. ttg. 9e9 on manufactured
tobacco taG.2a0t22 and on fermcnted
LIQUORS 91a.Gih,f2i. We exported ntr-
ehandiss during the yoar amounting %
ii2li. 49,. $50. In increase OF tis0,iSS.Nt
from the preceding year.
DEFICIENCY or tii2.0oo.ooo.
Il Is estimated upon the bnsls " pres
emit revenue laws the receipts Of the
government for the year ending June
90 1872 will be- t51,sIt60i and lin OK
pendliurcs fts9 .S5fGt1, tcau.tinE In de-
ficiency OF sii2,o0o0oo.
on the ist OF December. 1885 there
was held In the treasury. gold coin
amounting to fiastii, 5li; gold bullion
amounting 60 ftaSt02,btt. SILVER bullion
amounting 90 f93.3jg. 259.and other forms
OF money amounting to Nbi.st3,tAl
on the same date the amount OF
money Of all kinda IN circulation or not
included In trnspry holdings was w..
$50 1891. 900. In Increase for the year or
ii65.1sisCG.
Estimating our population At I5,oot.ooo.
NJ the time mentioned the per capita
circulation was $500.
on the same date there was In the
treasury gold bullion amounting TO NSt'-
5o2.si5.
GOLD STANDARD.
Tho provision made for strengthening
the resources OF the treasury In eonneo.
tion with the war. has given Increased
confidence In the purpose and power OF
the gnvernment 20 maintain the present
standard. and has established more hrm.
| liz than ever the national credit At homa
| and abroad a marked evidence OF this
IN found In the innow OF gold TO the
treasury. It's not gold holdings on Mo-
vember 1, 1855, were i299, So, 100. az com
pared with iiba.BTs.iT on November 1.
| 1891, and an increAaHe Of mel cash OF
1901, 766. 100. November I, lsss, 10 iaoo,2AS'-
/ a76. November 1, 1895 The present RAJ
/ ito OF net treasury gold outstanding,
/ giving liabilities. including United states
treasury notea OF 1890, silver cert .hc.,ten.
| currency civilizations. standard silver
| dollars aud fractional silver coin, No
vember 1. 1893. was 1886 per cent, a.
| compared with 1899 per cent November
/ /, 1897.
ton OF December I. 1897. a. follows;
'sThat when any OF the United states
nosss are presented FOR redemption and
are redeemed In god such notes Hha
be kept aud 80 apart and only paid
| ont IN exchange NJ Elld. This u az
obvious duty. II the holder 81 a Unit
ed States u1te prefers gold and gets u
| from the governments he should mo- re-
/ ccive back from the unted states a
/ ra,c without paying gold FOR q IN eN-
Change. The reason Tor thls IL made
ali the more apparent when the gov
eminent issues an inrcrffi -hN1 rims
debl 10 provide sold for fhe redsmPtlon
OF Ung.td Eiatos notes, nou-ib9erofl
barring debt surely u should Tos pay
them out again eNcfTf on demand ana
for p1ld, II they are put out IL any
other way they may return aEain, g
be followed By aro,hfr hond issue %
redeem thcm, nnsihrr interest hearing
debt % redeem a npn-lrfertpi bearing
debt" This recommendation Il MAD,
IN the belief that such provisions Of
law would insure 20 grtQter degree
she Hafssy Of the preseut standard and
better protect our currency from fhs
dangers % which u IL subjected from
a disturbance 81 the general business
conditions OF abe country, ~ my judg
mera the present CONDITION - the treas.
ury justlhas abe immediate ona0tmen
OF th~ legislation recommended un'
year ago. under which q portion OF IN,
gold ho'diuEH should be placed IN q
trust fund from which Freenbacki
mould he redeemed upon presentation
but wheu ouco redeemed should mol
thereafter be paid out except FOR gold
n "a not 10 be Inferred thlt ufhc
legislation relating 90 our currency q
not required. on the contrary. there d
an obvious demand f0r u.
The importance OF adequate proyiHloi
which VIII insure 20 our future monej
standard related ag our money stand
ard now and 10 that ~ our c1mmercla
rivals. 10 generally recognized.
The companion proposition that ou'
domestic paper currency shall be kep
nafe and yet be ~ related 20 che need
OF our Industries and internal com
merce az 90 he ndequate ana responsive
% such needs IN proposition Hcarcel
iees important. Tue subject Ga al ~
parts Ia commended 20 the wise couald
Grafton Of che Congress.