The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-12-04
Internal Affairs.

! TT IS GRATIFYING to be able to state that the
/ surplus revenues for the fiscal year ended
! June 30, 1900, were $79,521 O6O. Is. For the six
| preceding years we had only deficits. the aggre-
| gate of which from 1884 to 1892 inclusive.
amounted to $2s3, ,022, ,901.lA. The receipts for
| the year from all sources. exclusive Of postal
revenues aggregated 1857 2iO. .s51 50. and cxpcr-
| ditures for all purposes, except for the admin
| istration of the postal department. aggregated
$751; 79l.7 The receipts from customs were
S2'3, lGi.sIl.lG. an increase over the preceding
year OF S2I O36, 6,3S0il. The receipts from inter-
| nal revenue were S295 ,327, ,02G1G increase OF
$2l.s9O, ,7G5.e5 over 1899. The receipts from mis-
ccllaneors sources $685. AS, ,O5397, as against
S36,394,97G.02 for the previous year.
1t is gratifying also to note that during the
| year Il considerable reduction is shown in the
| expenditures OF the government. The war de-
partment expenditures for the fiscal year 1900
were $l34, ,167IS reduction of 500 O6 4s,i 80
over those of 1899. In the navy department the
expenditures were $50. .Gj3,O ,O7772 for the year
1900 against S63, ,942, io5 for the preceding
year, decrease of $685. 026.53. In the expcndi-
lures on account OF Indians there was a decrease
| in 1900 over 1890 of s., 2,620, ,6043s: and in the
| civil and miscellaneous expenses Tor 1900 there
was reduction of Sl3,f1S,Odj.74.
Treasury Condition Strong.
Because of the excess of revenue, over cvpcn-
ditures the secretary OF the treasury was en-
abled to apply bonds and other securities
the sinking fund TO the amount OF S5G.5it 5IG 0G.
The secretary of the treasury estimates that the
receipts for the current fiscal year will aggregate
S5sc,0OO,OOo and the expenditures S5OO, 900,
leaving I'M excess OF revenues over expenditures
Of GN,GOt The present condition OF tho
treasury is one Of undoubtcd strength. The
available cash balance Nov. 20 was $3.50 5O 7Oi 10
Under TIE form of statement prior to thu inan-
cal law of March II last there would have
been included in the statement of available cash
gold coin and bullion held for the redemption
of United States notes.
II this form were pursued the cash balance.
including the present gold reserve OF $l5) GOO, ,O0D
would be $3.50, 1903, ,71i50 Such balance, Nov.
30. 1899, was $29d, i35, ,S0l, So. In the general
fund, which is wholly separate from the reserve
and trust funds, there on Nov. 30, S7O,O90,-
O73.l5 in gold coin and bullion, to which should
he added $2a,057,s0O in gold certificates subject
to ISSUE against which there is held in the
division OF redemption gold coin ard bullion.
making total holding OF tree gold amounting to
500, 0i7,373.15.
II will be the duty us sure il will he
the disposition Of the congress to provide what
ever further legislation is needed TO insure the
continued parity under all conditions between
two forms Of metallic money silver and
gold.
o"r surplus revenues nave permitted the Sec
retary oi the treasury since the close OF tine fscal
year 10 call III the funded loan OF 1871 continued
at per cent IN the sum OF s2o,''0i'ooo To and
including NOV. ~, S2'' ''ioN'loo OF these bonds
have beceh PAID. Ihs sum, together with the
amount which may accrue from further vedemp-
tons under the call, Will be applied to the
SINKING iuhd'
The law oI March II, 1900 provided for re-
funding into per cent thirty-year bonds
payable principal and interest, in gold coin OF
The present standard value, that portion OF the
public debt represented by the per cent. bonds
OF ioOs, the prrcenls OF 1907, and the . per-
cents OF lOoi, OF which there was outstanding at
the date OF said law $3.50, ,lio,&'o. The holders
OF the old bonds presented them for eXehaEs,