The daily morning journal and courier., 1900-12-04

'
 American States have evinced the live | Hest interest, and the fact that an inter
 national American congress will he helt
 in the City of Mexico while the Exposi | tion is in progress encourages the hope o
 q larger display at Buffalo than nigh otherwise be practicable The work 0 l preparing an exhibit of our national re
 sources is making satisfactory progress
 under the direction of different officials O the Federal Government, and the various
 States of the Union have shown dispo sition toward the most liberal participa tion in the enterprise.
 The Bureau of the American Republic: continues to discharge, with the happies
 results, the important work of promoting cordial relations between the Unitet States and the Latin American countries all of which are now active members o1
 the International Union. The Bureau
 has been instrumental in bringing about
 the agreement for another internationa
 American congress, which is to meet ir
 the City of Mexico in October, 1901
 The Bureaus future for another term of
 ten years is assured by the international
 compact, but the congress will doubtless
 have much to do with shaping new lines
 of work and a general policy. It's use.
 fitness to the interests of Latin-Amer-
 ican trade is widely appreciated and
 shows . gratifying development.
 The practical utility of the consular
 service in obtaining wide range of in-
 formation as to the industries and com
 merce of other countries and the oppor-
 tunities thereby afforded for introducina
 the sale of our goods have kept steadily
 in advance of the notable expansion of our foreign trade, and abundant evidence has been furnished, both at home and abroad, of the fact that the Consular Re ports, including many from our diplomat ic representatives, have to considerable extent pointed out ways and means of disposing of q great variety of manufac- tured goods which otherwise might not have found sale abroad
 Testimony of foreign observers to tho
 commercial efficiency of the consular corps seems to be conclusive, and our own manufacturers and exporters highly appreciate tho value of the services rem dered not only in the printed reports but also in the individual efforts of consular officers to promote American trade. An increasing part of the work Of the Blu reau of Foreign Commerce, whose pri- mary duty it is to compile and print the reports, is to answer inquiries from trade organizations, business houses, etc., as to conditions ill various parts of the world, and, notwithstanding the small ness of the force employed the work has been so systematized that responses are made with such promptitude and accu- racy as to elicit fiattering encomiums. The experiment of printing the Consular Reports daily for immediate use by trade bodies, exporters, and the press, which was begun in January, 1898, continues to give general satisfaction.
 It is gratifying to be able to state that the surplus revenues for the fiscal year ended June 30, 1900, were $79527, ,060.- IS. For the six preceding years we had only deficits, the aggregate of which from 1894 to 1899, inclusive, amounted to- $2S3, ,022 991.14 The receipts for the year from all sources, exclusive of postal revenues, aggregated SJ67, ,240, ,S31 .S9 and expenditures for all purposes, ex cept for the administration of the postal aggregated $fS7, 713, ,T91. Il. The receipts from customs were S233, l64, ,S7l. Is, an increase over the preced ing year of S27, ,036, ,3S941. The receipts from internal revenue were S295,321, ', 76 an increase of $21, 800, 765.2 .25 over lS99 The receipts from miscellaneous sources were S3S, 74S, ,o53.97, as against S36, ,394, 976,92 for the previous year.
 It is gratifying also to note that dur ng the year considerable reduction is shown in the expenditures of the Gov The War Department expend- tures for the fiscal year 1900 were S134, ,774 767TS a reduction of S95, 5,066, iS6.69 over those of 1S99 In the Navy Department the expenditures were $55,- { )53, 077.72 for the year 1900, as against I ;63 942, 10425 for the preceding year, a ! decrease of $T,9G9026. In the expend- 1 lures on account of Indians there was decrease in 1900 over 1899 of 2,G30,- I i04 .3S; and in the civil and miscellaneous ! expenses for 1900 there was reduction | if $13, AIS, ,065.74.
 Because of the excess of revenues over the Secretary of the Treas ny was enabled to apply bonds and other securities to the sinking fund to the mount of $56, ,544 ,556.06 The details of he sinking fund are set forth in the re- ort of the Secretary of the Treasury, to which I invite attention. The Secretary f the Treasury estimates that the re- eipts for the current fiscal year will ag- regate $5S0,000000 and the expendi- ures $500, 0,000,000, leaving an excess of avenues over expenditures of $S0,000,- %. The present condition of the Treas " is one of undoubted strength. The vailable cash balance November 30 was 39303, 79450. Under the form of tatement prior to the financial law of Iarch II last there would have been in- uded in the statement of available cash old coin and bullion held for the redemp- on of United States notes.
 If this form were pursued, the cash balI nee, including the present gold reserve S150, GOO 900, would be $2S9, 1903, 794 50. uch balance November 30 1899, was 296, ,495, ,301 .55. In the general fund, hich is wholly separate from the re- ,rve and trust funds, there was on No ,mber 30, $70,090,073.15 in gold coin ld bullion, to which should be added 2, ,957 300 in gold certificates subject to sue, against which there is held in the ivision of Redemption gold coin and illion, making a total holding, of free id amounting to $93 047, ,373.15. It will be the duty as I am sure it will !! the disposition of the Congress to pro- de whatever further legislation is need
 to insure the continued parity under conditions between our two forms of etallic money, silver and gold. !