The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-12-04

general policy. Its usefulness In N,
interests Of Latin American trosa ".
widely appreciated and shows a graft
flying development. saw
Our Consular Service.
The practical utility OF the consr,,
service in obtaining n wide range o, IN.
formation as to the Industries and com,
merce OF other. countries and the on,SS.
tunties thereby afforded for lntroanr{n.
the, sale OF our goods have kent stsss'
lily In advance of the notable expnnsiS,
of our foreign trade, and abundant sy,'
dence has been furnished, both at homa
and abroad, Of the fact that the con~,.
lar reports, including many from On.
diplomatic representatives, have IN a
considerable extent pointed out wny,
and means OF dlsposing OF a great WV.
iety Of manufactured goods which o,S,
erwise might not have found sSi4
abroad. '''e
Testimony OF foreign observers IN INA
commercial efficiency or the consuI,r
corps seems to be conclusive, and nm,
own manufacturers and exporters h,rS.
ly appreciate the value Of the servis%,
rendered. not only in the printed rena,,,
butalso to the individual efforts al Gov
sular officers to promote AmrrIco,
trade. An. increasing part of tho wo,n
of the bureau of foreign commsr.a
whose primary duty It Is 10 comnila art
print the reports, Is to answer InouIrI",
from trade organizations bushes,
houses, ETC., as to conditions In varIou,
parts OF the world. and notwIthstand.
Ing the smallness Of the force emplovai
the work has been so systematized tb,,
responses are made with such promn.I,
tude and accuracy as to elicit tatterlrr
encoutums. The experiment of print,
Ing the consular reports daily for Inn.
mediate use by trade bodies, exportcr,
and the press, which was begun In Ian.
uary., 1898, continues to give general
satisfaction.
Surplus Revenue.
It Is gratifying to be able to stat.
that the surplus revenues for the fiscal
year ended June 80 1900, were 1881.
06O IS. For the six preceding Years w.
had only deficits. the aggregate az wb,cs
from 1894 to 1899, Inclusive. nmount.J
10 s.ss.o22'o9l II. The receipts for The
year from all sources, exclusive OF Dos.
tal revenues. aggregated 1857, s40,S5i s.
ana expenditures for nil purposes, es.
cept Tor the administration of the DOS.
tai department, aggregated ,iS7,7l3.
~ ". The receipts from customs were
23S. 1851 16, an increase over the prt.
cedinS year OF SCI. 8S6.3Ss Il. The re.
celpts from Internal revenue were ;oSs,.
S-h92g 76, nm Increase OF s2l,SsO, rs 4;
over 1899. al The receipts from miscc}.
laneous sources were $3S,74S,O53 81 az
against S3G.39i.976 % for the prey,ors
year. s.
1t is also gratifying TO note that dur.
ing the year considerable reduction Is
SHOWN In the expenditures OF the cov
eminent. The war department expenJ.
lures Tor the fiscal year 1900 were .,3i.
T4,'67 rs, n reduction Of $95. C66.4SS %
over those of 1899. In the navy depart.
ment the expenditures were s;5S;s.
om q for the year 1900, as against ;61.
ai2.loi 20 for the preceding year. d..
crease OF SI,oS9,026 So. In the exprnd.
lures on account OF Indians there va,
decrease In 1900 over 1890 Of $3.50.
ooi SS: and In the civil and miscelnns.
GUS expenses for 1900 there was n "a.
auction or l3,41S.065 a.
The Sinking Fund.
Because Of the excess OF reven.s
over expenditures the secretary az IN,
treasury was enabled 10 apply bond,
ana other amounts Of s56,55i.566 O6. Tie
"DETAILS OF the sinking fund are set forth
IN the report of the secretary OF The
treasury, to which l invite attention.
ne secretary OF the treasury estimates
that Inc receipts for the current fiscal
year VIII aggregate $3.50. 900. 900 and tn.
expenditures $500, 900, leaving an ex.
cess Oh revenues over expenditures o.
sSV,ooo'oeo. The present condition o,
the treasury Is one OF undouhte1
strength. The available cash balarc.
November so was Sl39 800, 794 50. Under
the form OF statement prior to the
financial law OF March II last ,hero
would have been included In the state.
ment of available cash gold coin and
bullion held for the redemption OF Uni.
ted States notes. rs,
II this form were pursued, the cash
balance, including the present gold re-
serve OF Sl50.o00.oo0. would be S9S9,SOi.-
1874 so. Such balance November 80, lSa.
was s296, 1880 55. In the general fund.
which Is wholly separate from the re-
serve and trust funds, there was on No
vember 30. ST0.090, 01S Is In gold coin
and bullion. to which should be added
s's.95I 800 In gold certificates subject to
issue. against which there Is held In the
division of redemption gold coin and
bullion. making n total holding OF FREQ
gold amounting to $93.o47,S73 Is.
1t Will be the duty as am sure X viii
be the disposition OF the Congress 10
provide whatever further legislation Is
needed TO Insure the continued parity
under all conditions between our two
forms Of metallic money, silver and
gold.
Funded Loan.
Our surplus revenues have permitted
the secretary of the treasury since the
cldsc of the fiscal year. to call in the
funded loan OF 1891 continued Mt per
cent In the sum OF SOS. 36i. 800 To and IN.
Guiding November 30. S23,I5S,i0O OF
these bonds have been paid. This sun,
together with the amount which may
accrue from further redemptions undeF
the call. will be applied TO the SINKING
fund.
The law OF March "A, 1900, provided
for rcfunding into per cent thirty
year bonds, payable. principal aud IN
tcrcst, In gold coin Of the present stang.
nrd values that portion Of the nuoil.
debt represented by the per cent
bonds OF 19cS, the per cents OF isv,.
md the per cents OF 1904. of wn'Cn
there was outstanding at the date Q,
rnId In ~ SS2n 40 ngn Tho holders " tue