Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1900-12-06
GOVERNMENTAL F'NANC s.
Big surplus in Rcycnucs-war Tax Re
duc.ion Recommended.

uUc.lon tSecoinlNenueti.
1t is gratifying to be able to state
that the surplus revenues for the fiscal
year ended June so, 1900, were $79,a27,-
oGe.is. For the six preceding Years We
had only deficits. the aggregate oil
which from 1884 to 1879 Inclusive
amounted to $3.50 oe2.sol.14. The re-
ceipts for the year from all sources,
exclusive of postal revenues, agere-
gated S5g7.24o,S 5l.S9, and expenditures
for All purposes, except for the admin
istration of the postal department, ag-
gresated S4Ss,113, 191.Tl. The receipts
from customs We're $233, 16lS7l.16 am i'm
crease over tie preceding year of $27,
O36 3Sa.4l. The receipts from informal
crease of 81. $40, 16:,.25 oser 1899 The
receipts from miscellaneous Sources
We're $3S, 74S, 052.9I, as against $3G.3ai.
1882 for the previous year.
III is gratifying also tp note that dur
ms, the year "a considerable reduction il,
shown in the expenditures of the gov
ernrnent the war department expen-
diturcs for the fiscal Year 1900 were
S1SI. 90, 7gI.3S, Il reduction of SO. 0l;6.-
.seGy over those of 1889 In the navy
department the expenditures We're $55,
953.ol112 for the year 1900, as against
$50, 81, 1o4.aa, for the preceding YEAR a
decrease OF $i.9sa.o26.53. In the eNpeM-
ditures on account of Indians there
was a decrease in 1900 over 1899 of
s. $50 6GA.aS; and in the civil and mis-.
celianeOus expenses for 1860 there was
Il reduction of $1S,4iS, G6oI4.
Applied 10 siuki:i:, Eu,is,.
Because of the excess of revenues
over expenditures the secretary of the
treasury was enabled To apply bonds
and other securities To the sinliing
f,t tn, l,n OF r 4 m
The details; of the sinking fund are set
forth in the report of the secretary of
the treasury, to which l invite atten-
ton. The secretary of the treasury es-
Inmates that the receipts for the cur
rent fiscal Year will aggregate $3.50 900, :
900 and the expenditures 100000, 600,
having an excess of revenues over ex-
l,ei.ditures of SSo,GO0,GGo. The present
condition of the treasury is one of nm
doubted strength. The available cash
balance November 30 was $3.50, 30S 1874 80.
Under the form of statement prior to
thc financial law of Marci, u last this
would have been included in the state
nlcnt of available cash, gold coin and
bullion held for the redemption OF
United States notes.
If this form We're pursued the cash
balance, including the present gold re-
serve of $l50.0e0 coo. would be $3.50, SOB :
iSf.au. SuCii balance November 81, 1899,
was S2s6, sol. so. In The general fund,
which is wholly separate from the re-
serve and trust funds, there WAS ON
November so $1,000, o1S15 In gold coin
and bullion, la which should be added
81 $500 in gold certificates subject To
issue, against which there is held in the
division OF redemption gold coin and
bullion, making a total holding OF free
gold amounting to $93,oi1.373.l5.
II will be the duty as / am sure it
viii be The disposition. of the congress
TO provide whatever further legislation
is needed to insure the continued parity
under 81 conditions between our two
forms of metallic money. silver and
god
Our surplus revenues have permitted
+ the secretary OF the treasury since the
close OF the fiscal year To call in the
funded loan of 1891, continued al . pc.
cent, in the sum OF s25,364 500 TO and
including November 80, So, 4aS.100 oil
these bonds have been paid. This sum,
together With the amount Which max
4 accrue from further redemptions under
! the call, will be applied to the sinking
| fund.