Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1898-12-08
oUR FINANCES.
Interesting Figures Regarding Rev
enues and Expenditures.

The secretary of the treasury reports
that the receipts of the government from
all sources during the fiscal year ended
June 30, 1898. including $S4.751 ,223, received
from sale of Pacific railroads, ammounted
to $405. S21 1875 and its expenditures to $443,-
1865, 5S2. There was collected from Gus
toms $149, 575062 and from internal revenue
$l70,900,641 Our dutiable imports amount
ed to 1924, 735.479. a decrease of SIS, 156, $50
over the preceding year, and importations
free of duty amounted to 1921 ,414l75, a de-
crease from the preceding year of $780,
524,e6S Internal revenue receipts exceeded
those of the preceding year by s24,212,0 6S
The total tax collected on distilled spirits
was S92, $685. on manufactured tobacco
$S5239.522. and on fermented liquors $780,
5la,42l We exported merchandise during
the year amounting to s., 231 4S2 1886 an in
crease of SlSo,4SS,fi4 from the preceding
year 1t is estimated upon the basis of
the government for the year ending June
~, 1917, viii be $jlGSI4,607 and its eXpendi-
I es $bs9,N74647, resulting in a deficiency
Gold in the Treasury.
on the LIST Of December, IS9S, there was
held IN the treasury gold coin amounting
70 MSs,4l 90. sold bullion amounting 10
Sl3A9J2, $40, silver bullion amounting to
S95,55a, 30, and other forms of money
amounting 70 S45l ,Sh3SSl. on the same date
the amount d money OF all kinds in cir
culatiOn or not included in treasury hold
lngS, WttS $lSa6,SiS,aV4, an increase for the
year Of Slb5.194,966 Estimating our popu-
the per capita circulation was SZ509. On
the same date there was in the treasury
gold bullion amounting to Sl3S, So, AS.
me provision made for strengthening
the resources Of the treasury in connection
with the war has given increased conf
dence IL the purpose and power of the gov
eminent to maintain the present standard
and mas established more firmly than ever
the national credit at home and abroad. A
marked evidence of this is found in the in
now or gold to the treasury Its net gold
holdings on November !, 1898. were 1928. $50
100 as compared with $153,573 147 on Noven1-
per 4, 1871, ana an Increase of net cash of
S@ohf9o'iW, november l, 1897, to $500, 23S 20
November ]. 1898 The present ratio of net
treasury gold outstanding government liza
blhtles, including United States treasury
notes OF 1890, silver certificates. currency
cetuncaJes, standard silver dollars, and
silver coin, November l. 1898, was Is IS per
cent as eompa red with 1886 per cent. No
vember l, 1851.
Recomme ndation Renewed
renew SO much Of my recommendation
q December, 1887, as, follows: That
presented for redemption in gold and are
redeemed in gold, such notes shall be kent
ard set apart and only paid out in EXCHANGE
Ter geld This IS an obvious duty If
TIE holder Of the United States note nra-
isfs the gold and gets IL from the govern
T1ent, he should not receive hack frorn
tie government United States note with
Out paNlng gold IN exchange for it, The
reason Tor TINS IS made ali the more an
parent when the government Issues ar, n
NeFest- bearing debt Ia provide gold fn~ 4Fa
redemption or United States notes r1nr7
tileIt,s t-oearlng debt Surely Il should not
Ea4 tAeI1l Gllt again except on demand and
5gr sold. II they are put out IN snv ofFe~
way they may return again 10 he f671o~r-s5
pN another bond issue to redeem ffss--
terest-3'earing debt to re-