The Nation's Finances

F!:( B15B. Washington, Dc. IL- The report oí the secreteryof tliu trea ui'..' says in part: Tbe revenuos of the governrueM fróiu il] sources for the fiscal year endedJuneDO, 1891 were M58, "44,233.03 Tl or the same pertod rere F421,304)4T0.l6 'eavlng surplus of B7.89,76i.B7. To this sum was added Í54,2ÓV, 975.73 dep.-itod in th ' trpnsurj under act 4 1 f July 14, 1S9O. r ■ thfl red'mpi bank notes: 89.863. 15 deposito,' during the year on the same oceonat; etvud for 4 per cent. , ,i [or interest aeorued on refundía certiflcatee eonverted during the year and ï.!4 1.T3 .17 -.'.16 taken Trom the casb balance In the treaaury, making a totalofíl.J I.967,65.48. As compared wlthihe fisoal year 1S90, the reoeipts for 1891 liave Alien o:T 5,418,347.. There vas an increase of 167,638,198.14 In the ordinary expendltures. Amone the arger i Ítems of Increase was Hl. 581, 497 for pensiona refund of dlrecl tazes; (4.988,838 expensea of eleventh census: (1,398,398 salarles and expense- United States courts; íl.rir. ■.'.'■, for the military cstabüslinv nt: H,tOT.09O for the naval establishment; ít.8l9,4'K for the Indian service, and I17.419.0M for pensions. For the presont flsoAl year the r.-venues are estlmaíed at t43S,000,000. Tbe expenditures fox the same period a re estlmated at í I0!,000.000, ' leaving an estimated surplus for the year of 134,000,000. For the fiscal year ending June 30, 1893, the secretar? estímalos a revenüe of $455,838,350 and expenditures amounting to $111.300,093, or an estlmated surplus of Í14.036.356. It la estimated that the rerenue of the governuient was not only Inadequate to the neeús of th country, but was very much less por capita than durlug the so-oalled flush times whtoh followed the civil war. The amount of money in circulatiun has been very largely Inore ated since the olose of the fiscal yav. The amount July 1, 1N91, was II,497,440,507, and tho amount per capita was $23.41. The return or gold to the Uuited States, the operaüou ut' tho silver treasury note act, and disburse'twiit by the treasory on account of the 454 per cent loan, pensions, etc, enlarged the volume on Desembcr 1 to $1,577,i6'3,OTO, and tho por capita amount to $34.391 The eoinaj.:c; of the mints during the last fiscal year was the largest in tbe hlstory of the mint in ihi-. oountry, 119, ."47, 877 pleces, valued at ?',.:ihi. Durin the twelve montba ending September 30 the valiu of our expon 1 f merobandlse was }9-.3,09l.l3fi. agaln 11" for tbe pre vious twelve uu ntlis, an Increase of $''.914,037. The loss of gold by nor export duty during theflsc:i!'. Ifi.TSÜ, whlle there was a gain of stlver by exceSH of imports over exports amountlag I I o.-sofgold by export was tnaterially lartjer during the last ii cal year than in any recent yonr. The heavy moveineot cuii.miiu-rd la February, 1 1891, and d1 i nt e a - iintll the close of .Itily. The ii)ta! amount exported from the port of New ifork tlurln od was I ■ xports of breadsluffs ;'.nd otber materia s from tlt l"::it,'d States tins fáll and sinter tb ':iof gold to . . . or some months at iiicr":. ed . Po tbe year 1893 it win be M3S,33ti.3üU 11 Of the practii .' ,;.-,■: of the new tariff law the e : ig tlie tlgures relating ti'i' ised by the president ín me; ige to 1 iayé: 'T..i' n ' ■: ity on sa ar has reduced its prlce to th cnaftumer and this rcsult is not In conttict :h ihe doctrine of protection 10 home indi : i -s. becaose the iimited domestic productioa of sugar under the most favoral)i ï-otectlvü rutes is uot suftlcientto lnfiumic ■ tiie urlce i 1 ihe home market. Under the 01 !■ '!■ v taiilï the customs revenuc been deci eased as far as is consistent wttb tbe currt'iii 1. ods it the government. "By tho na lju tiur.it ■■! dm i sin the. lint o' protection to American labor and American industries the [retí Hst has boen entarged by the addlt; i oï artlclei whloh from climatlc Or othor contlitlona aro not produced profitubly nor extenslve'y in this country; adequate protectlvè duties have been Imposed upon 'arttctes that come lnto competltlot) with our own productions; new Industries liavc been established and others stlmulatej, thereby giving increased émploynient to American labor and better control of uur homo market to our own people and the price of n' arly c ery artiele of eommon oonsumxtion has been reduced totheconsumer "Inasmucli an a considerable portion of our Nvenue cl rived fromdutles un Imports, it is tiio part of wisdom and patriotism to to adjust tile rales as to have regard first to tbe Interest s of own ]oople and the rightfal demands 01 American labor for romunorative wages. I" do uot belleve that any considerable number of the pt-ople deslreto see our manufacturing Ind i r.s destroyed or wages reduced to the Európean basis, which would be the lnevltai' ductlon oj dutios with a view to revenue ;ily. "Cu; the prlces of yooas imported respect i ! üi:d?r the old and new tarlffs whero rates .ave been increased will demónstrate that tbe tariff is a tax upon the for r:i competitor In our markets In the ar' extensively produeed here, and the d are in fact thus deducted from the In". t market value and are patd by the forelgner a a tax for tho privilege of sellinghi- ■ at prices tixed by our own peopi' amons themaelvea in thelr Own ma1.' t." Tho 'c otary reviewa at reat longth our forei;ecltefi thp operatious of the Chine ■ se u Ion aot, ilie alien contract labor e nou Immlgratlon act. He makes a nutsber of ro-omniendations for leglslation. ou the sume line as mappen out by Mr, Wlndom. 1 o H iig sea flsherles and o which bas ' been covcl El reports.