The Washington times., 1902-12-03
Submitted 10 Congress Today
With Recommendations.
ABSOLUTE GOLD STANDARD
All SiIUer Money Should BE RedeemabIe
in Gold at Option of Holder and All
Bank Notes Should Be Redeemable
in Gold by the Banks of Issue.

The annual report Of the Secretary Of
the Treasury, Leslie NJ. shaw. sent TO
Congress today. is in part as follows
THE revenues Of the Government from
all sources Cby warrantsJ for the fiscal
year ended June 30. 1902. were S6S4.@26,-
2s047
A Years Expenditures.
The expenditures for the same pc
Rod were: FOR the civil establishment.
including foreign intercourse, public
buildings. collecting she revenues. Dis
trict Of Columbia, and other miscella-
Eeous expenses. Sl11. 067 .171.39, for the
military esta us hment, including rivers
and harborc. flrts. arsenals. seacoast de-
lenses. and expenses Of the war with
Spain and in the Philippines, $1l2,272.-
2l6.OS: for tn naval establishment, in
GLIDING construction OF new vessels, ma
chinery. armament, equipment. improve
ment at navy yards. and expenses Of the
war with Spain and I'm the Philippines.
So 500. 1884: for Indian Service. So
O49.5S4S5. for pensions. $l5S, ASS .559.73.
for interest on the public debt. 500. l0S.-
O44S2: for deficiency in postal revenues.
81 400 1882, and for postal service, Sl2l,-
S4S.04726. Total expenditures. $685.
OBS, 904.90, showing a surplus Of S9l,2oi.-
1881
In addition 70 the revenues collected
during the year the cash In the Treas
ury was increased by the following
sums. From national bank fund depos-
tied under act Of July IA. 1890. In excess
Of bank notes redeemed So 500 100, from
ssue Of per cent bonds under author
ity Of the act Of June Is. 1898. for Span
ish war expenditures. $50 and from the
issue Of per cent bonds in Liquidation
OF interest accrued on refunding certid-
Gates converted during the year, ST.
O10 making total Of S12.651,l90.
Bonds Purchased.
THE securities redeemed on account
OF the sinking fund amounted TO $685.
O71,23O; premium on bonds purchased,
Sl4O49. 39Ll4. making a total Of S70,-
249.6e9.14"
Decrease in Receipts.
Compared with the fiscal year, 1901
the receipts for 1902 decreased 81. 800. -
25045. The chief decreases enumerated
by Mr. shaw are In Internal revenue
S35. 800 .5fl.6s, profits on coinage bullion.
deposits. etc. S1.751. 1901; for sale Of
claim Of United States against Sioux
City. and Pacific Railroad Company,
S2I22. S41.24. and part payment Of Cen
trial Pacific Railroad Indebtedness. 81
76.2471O The total decreases were S45,-
024365.27 The chief increases in reve-
nue. were in customs. Sl5. S59. 25220. and
in the postal service. S102l6.S53S7 The
total Increases were S30.034.l1462. SO
that the net decrease was nearly 2l5.-
0O0.0C0
There was a decrease OF S3S. 776. 1851
In expenditures. The total decreases
in the civil establishment were SIG. 49,
siboS. and the total OF increases. 81
500 0S6.S9 leaving net decrease Of
}S.Sl2 .679.IS. The total decreases In she
military expenses were e35.s54.519. 60.
and the total increases only. $1,511.-
J3S5l. leaving a net decrease OF $34-
Bessie. The total decreases In che
naval expenditure were $Z.05T 1888
and the total increases. 50. 354. 0ge.I6. SC
that the net increase was 1926. Ts9. ~
The decrease I'm the expenditures for
the Indian service was gs46. ass. 40 tho
decrease I'm pensions SS35 O62.26 anJ
the decrease IN interest on the public
debt. 80. 234 .s3f22. The total Of all de-
creases was So .2G3. 1907. and the total
Of increases. 1857. 234. So. This gives
tho uer dorrauro in an c,-yor11t,,r5..
tou 80 "a =,
Estimates for Fiscal Year 1909.
The revenues Of the Government for
the current fiscal year are thus esti-
'P'" ''' ''s'' vi eAl9''is i""S-
rom customs ---------'.----. Ssy,'"'1c.1 2.
From rfscoIIarcrus s,urCes 80. 0 o11 g0g af
Fros postal service ............... 1872 O20f3l al
.ro--f .-.s....-f -.- GOA. .-.,.. -... NJ
.-'-- y
The expenditures for the same period
are estimated as follows.
j s" lhe cIfu cstaIi 'llineni -----elZH."h"'N +"
For the military or.abiisHmpnr.... 1900 90 ~
t"r The navel eetaeiisi'rnent----- -3"H"'l a"
For tho Indian service ...-..-.-. 100000 O
tof pensions .--.-----.- $780, ----- la--ffIHh o.
For interest on The public debt Z1.gl10J1 ~
fof F'-lIi a'i'ilt -------------- I--''-'.''i q"
Total 'sliiaaieA fAPrnilI nras- .'Hl, H-' HaH NJ