The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-12-05


.nent account. 4,56S346.4S
ests'laneous items. 3,417,993.31- ss.2o7, 81
available cash balance .$17l. O17. 61OS9
s CIRCULATION PER CAPITA.
much space is devoted to the reports of
fSe directors of the mint. the treasurer, the
dantroller of the currency. the commission
&. OF internal revenue, the immigration
Commissioner and the chief of the Bureau
& Engraving and Printing. all of which
bave heretofore been printed. The refund
fsg operations are also reviewed. The
changes in the amounts of the several
lands of money in the United States outside
e. the treasury between Nov l. 1900. and
gov. 1. 1901. are shown. The estimated pop
Cation of the United States Nov. l. 1900,
was rs, S91. 900. and the per capita supply of
I3oney outside the treasury was $27-S2. The
ettimated population and per capita supply
g money Nov. l, 1901, were 7S,2l1OOO and
81. y. respectively.
srrhe foreign commerce in merchandise for
zee fiscal year 1901 showed a decrease of
-. 7C9.O19 in imports and an increase of $685.
az 800 In exports, when compared with the
Xeceding year. Comparing the figures Of
3 with those of 1891, there is a decrease
. $2174i.O31 in imports and an increase of
e32Sf.Sl in exports. The imports of the
81 ar 1901 were 1923. 112 165 and the exports
~ 4S7, 64,99l. making the excess of exports
der imports 1861, 592. S26. Both the total ex-
Ixrts and the excess of exports over i'm
rts were greater in 1901 than in any pre-
c4ding year in the history of our commerce
u the four years 1S9S-1901 the excess of ex-
I$rts over imports was s.. 554. AZ. 213. against
a. net excess of S}56, SOS SD in exports over
Exports during the los years from 1890 to
1871 inclusive The exports of silver in 1901
ESQ exceeded the imports by $27. S9S $50. and
"a the four years by 500. 1868. thus making
tie excess of exports over imports of mer-
cEandise and silver IL the four years 81
4f.61s.3O2. Against this. the importation of
gid in excess of exports in 1901 was but
:.,S66,010. and in the four years S165.59O 235.
hye total exports OF merchandise. gold and
silver I'm the four years ended June 60 1901.
JS1ve thus exceeded the imports of those
fsticles by 81. O2S,067.
OUR MERCHANT MARINE.
Secretary Gage favors encouragement OF
tlss merchant marine by payment of graded
lSunties on mileage navigated by Ameri-
On vessels while engaged in the foreign
c.rrying trade. 1.-The vast railroad sys-
TINS" he says, mo longer stop operations
AZ salt water Through ocean steamers
Controlled, If not owned, by them, they
tStnsport commodities under the same
management from the interior across the
Esas to the distributing centers of the fields
Gx consumption in Europe and Asia. Our
pSwer 10 produce has grown so fast beyond
cSr power to consume that the problem of
i.rproVed transportation facilities to for
tNsn markets is OF greater Importance to
tze inland producing States of the Union
IAN TO the seabOard commercial cities.
Tie solution OF the problem may contribute
rst only 10 the general wealth of the
lslited States. but also to it's development
~ new directions From the beginning of
government. =tth brief Interruptions, our
legislative po.icy has been TO develop the
s.ticiency of the country to meet all its
ON needs. We build few ships for foreign
tsIde; IL is desirable that We should build
IHiny. We have very few ships under the
f1g In foreign trade; II is desirable that
Y should have many: The obstacles are
tie relative cost of building ships here and
Il. Great Britain. which in time will be
C.iercOme. and the relative pay of crews on
lEnerican and on foreign ships. Navga-
TIN bounties in the United States are
1[stihable only by present conditions. by
tsse certainty that they will not long be -
osired. by the fact that they need not fu
fsssy year exceed the total cost a collp.e
CE battleShipS. and by the fact conceded
" our maritime rivals. that they will pro-
dsce the results we desire. In legislation
Congress shall keep In view the fact that
expedlent Is temporary. and that
psompt results are desired"
REDUCTION or REVENUE.
:on this important question the secretary
s.ys; Revenue and expenditure are ever
rssurring subjects of legislative inquiry
ed action. How TO appropriate wisely for
tie legitimate objects connected with gov
Elemental duty and responsibility. and
lsw to take up from the people in a just
AL equitable manner the means to pro-
We for necessary expenditure. are prob
Ions which challenge the best statesman
SIP in their solution. These questions be-
c4Sne complicated and troublesome when.
bH reason Of war or other serious disturb
tfS influence. extraordinary expenditures
az required, and extraordinary revenues
become necessity. When such emergen-
c'ts are passed and q return 10 simpler
CI.lditions becomes possible. wisdom and
TEaidence are again needed 10 make a wise
r.ad1ustment. Expenditure being reduced
AL taxation not COrrespOndngly ahated.
r:senue in excess Of need H. the inevitable
result II. on the other hand. taxation be
~, greatly reduced the depressing and
os@turbing influence OF a financial deficit is
cS<tain To appear.
.The war with Spain was an emergency
III diving extraordinary expenditure. The
p.7vision made by Congress for an in
CEASED revenue appears In the light of
cents 10 have been timely and judicious.
Tee short duration Of that war. The dis
tAldment OF the volunteers. and. later on.
a.. reduction OF our military forces now
e<ooses us 10 the evils or a revenue greater
~ reasonable requirements demand
q he estimates for the fiscal year ending
ySne -. 1872. indicate a surplus OF 800 600.
% For the next fiscal year. 1g03-03. there
* 20 be an estimated surplus Of i little
ere than S23.ooo.o0o- IL Will be- noticed that
10 estimates OF expenditures for such
ys9r En2-ls8 are more than SG.W0000 in
excess OF the uroba bic eNuau,itrras for
tr current fiscal year l90l-lg2 IL Is fur
tsr 10 BE- Observed that estimates coming
hsfrom the several departments for "a year
nx YET entered upon are not conclusive
ISL the sums 50 estimated will be aDpr0-
p2ated By Congress. or. III appropriated
az uslly disbursed from the treasury.
NThe following table illustrates for a Sc
rsSa OF years varying discrepancies between
: