The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1898-12-10


Of information. the service thus supplied to ouI
merchants and manufacturers will be found tC
be a sensible Improvement and to merit the
liberal support Of congress
Matters CONCERNING the Treasury.
The secretary OF the treasury reports tha,
the receipts OF the government from all sources
during the fiscal year ended June 30. 1898, In
cluding tsi, ,75i 22S received from sale Of Pacl1I
railroads, amounted TO SiO5, SCI. SIS and Its ex.
penditures TO ti4S ses, ,bSa There was obtained
from customs tltp,sT50dl and from lnterna
revenue tiT0p 200, CAL Our dutlable import
amounted to tS2t, ,T1. .t7p. decrease Of tbs, i6o
800 over the preceding year, and importation
free OF duty amounted TO teel. i7b, de
crease from the preceding year OF teO. be4,0os
| Internal revenue receipts exceeded those o
the preceding year by t2Lals.0oa
The total tax collected on distilled spirits wa
CO.. $40 900, on manufactured tobacco $50, ESQ b2!
and on fermented liquors s0,bi5.4.I We ex
ported merchandise during the year amount
ing to o., ,sSi, ,4si, $780, an increase Of tisO asa II
from the preceding year
II IL estimated upon the basis OF presen
| revenue laws that the receipts Of the govern
ment for the year ending June 30, 1899, will b
b7T STA 6OI and its expenditures soSe si4 0i1, re
sulting In deficiency Of til2, 900 900
On the list OF December 1893, there was hel
ln the treasury gold coin amounting TO tlSs,
AL, ,541, gold bullion amounting 10 tlS, ,bOS, ~
silver bullion amounting TO COS $50 $50 an
other forms Of money amounting to ttSl ,sos rs
On the same date the amount OF money OF
kinds In circulation, or not included In treas
ury holdings was o.. $50 sf9. s04, an increase fc
the year OF tio5, ~ 9od Estimating our popg
lation at -, ,l0t, 900 at the time mentioned u
per capita circulation was tsA0o On the sau
date there was In the treasury gold bulllo
amounting 10 ti3S, 5o2bih
The provisions for strengthening the r
sources Of the treasury In connection with u
war has given increased confidence In the pu
pose and power Of the government 70 mainta
the present standard and has established mo
nrmly than ever the national credit at non
and abroad.
Irenew so much OF my recommendation
December, 1897 as follows: THAT when a.
OF the United States notes are presented 4
redemption In gold such notes shall DO ke
and set apart and only paid out In exchange
gold. This Ia an obvious duty. II the holu
OF the United States noto prefers the gold
gets II from the government, he should
. receive back from the government UnlI
States note without paying gold In exchange
IL The reAsen for this Is made all the INC
apparent when the government issues an lss'
bearing debt 10 provide gold for the redeu
, tion OF United States notes--a non-intere
bearing debt Surely It should not pay tn
, out again except on demand and for gold
they are put out in any other way they may
turn again, 10 be followed by another bona
J sue 10 redeem them another interestlng-oe
ing debt TO redeem non-lnterest bearing de
Z This recommendation was made In the be-
' that such provisions Of law would insure
|. greater degree the safety of the present sta
|. ard and better protect our currency from
|. dangers 10 which Il Is subjected from
turbanee ln the general business conditions
the country au
In my Judgment the present condition OF
Z treasury amply justiass tie immediate enn
. ment Of the Legislation rscommended one J
d ago, under which portion OF the gold h'
ings should be placed In trust fund u
> which grsspeAeks should be reassmso