Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1900-12-15
GOVERNMENTAL FINANCES,
Big Surplus In Rcvenues-War Tax Re-
duction Recommended.

uufllOn ItteOultnenueu
1t is gratifying to be able to state
that the surplus revenues for the fiscaI
year ended June 80, 1900, were $40, 527,
O6O.1S. For the six preceding years we
had only deficits, the aggregate OF
which from 1894 to 1899, inclusive
amounted to $2S3, 022, 991. IA. The re-
Ceipts for the yea from all sources
exclusive OF postal revenues, agGre-
gated 1851, 240, S5l.S9, and expenditures
for all purposes, except for the admin
istration Of the postal department, ag-
/ ~eraaatod S4S7. 713. 791. Il. The receipts
from customs were 1898, l64,S7l.16, an in
crease over the preceding ear OF $27, =
036, 3S9.4l. The receipts from internal
revenues were 1926, 1927, 926. IS, an in
crease Of $21, $50, 1926 over 1899. The
receipts from miscellaneous sources
were $3S, 74S, 053.9 as against $3.50, 1874, :
1852 for the previous year.
1t is gratifying also to note that dur
ing the year a considerable reduction is
shown in the expenditures of the gov
men The war department eXpen-
ditures for the fiscal year 1900 were
$134, 4,767.7S, n reduction of sos, 066,-
4S6. 60 over those OF 1899. In the navy
department the expenditures were $685.
953.O77.72 for the year 1900, as against
1853, gi2, 1O4.25 for the preceding year, n
decrease OF 1883, 026. SO. In the expen-
diturcs on account of Indians there
was a decrease In 1900 over 1899 OF
81 $50. 6O4.3S; and in the civil and mis-
cellaneous expenses for 1900 there was
a reduction OF $l3,4lS, 065.74
Applied to Sinking Fund,
Because OF the excess Of revenues
over expenditures the secretary Of the
treasury was enabled TO apply bonds
and other securities to the sinking
fund to the amount of $50, Sid, $50. 06.
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, 000,-
600 and the expenditures $500, 900, 600.
having IN excess OF revenues over ex-
penditures OF $50, 900, 900. The present
condition of the treasury is one of un-
doubted strength. The available cash
balance November 80 was 1888, 1903, 794.5 so.
Under the form OF statement prior to
the financial law of Marci, Il last this
would have been included in the state
ment of available cash, gold coin and
bullion held for the redemption Of
United States notes.
If this form were pursued the cash
balance, including the present gold re-
serve OF $3.50, 000, 600. would be $3.50, 303,-
tSfsOV' ouNll DdldllIt NONcIlDtI OO, 1889,
was 1926, 495. 30l .55. In the general fund,
which is wholly separate from the re-
serve and trust funds, there was on
November so $40, 900, 07S. 10 In gold coin
and bullion, to which should be added
So, S57, 300 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 1913, 047. Z 3.15.
1t will be h duty, as I am sure II
Will he the disposition, Of the congress
TO provide whatever further legislation
is needed to nsu the continued parity
under al conditions between our two
forms of metallic money, silver and
gold.
Our surplus have permitted
the secretary of the treasury since the
close of the fiscal year to call in the
funded "A of 1891. continued at 2 per
cent, In the sum of $25, 1864, 500. To and
including November 30, $23, ASS, 100 OF
these bonds have been paid. This sum,
together with the amount which may
from further ~redemptions under
the call, will be applied to the sinking
fund.