Show UNCLE SAMS REVENUE Gratifying Showing for Fiscal Year Ended June 30th It is gratifying to be able to state that the surplus revenues for the fiscal year ended June 30 1900 were 70527 06018 For the six preceding years we had only deficits the aggregate of which from 1894 to 1899 Inclusive amounted to 25302290111 The receipts for the year from all sources exclusive of postal revenues aggregated 50721085139 and expenditures expendi-tures for all purposes except for the administration of the postal department depart-ment aggregated 1R771379L71 1 The receipts from customs were 23316487116 an increase over the preceding pre-ceding year of 2703035941 Receipts from internal revenue were 29532712676 an Increase of 21890 76525 over 1S99 The receipts from miscellaneous mis-cellaneous resources were 3074805397 as against 3039197692 for the previous year I DECREASE IN EXPENDITURES It Is gratifying also to note that during dur-ing the year a considerable reduction is shown In the expenditures of the Government The War department expenditures for the fiscal year 1900 were 13477170778 a reduction of 95 00648609 over those of 1899 In the Navy department the expenditures were 5595307772 for the year 1900 as against 0391270425 for the preceding year a decrease of 798902653 In the expenditures on account of Indians there was a decrease In 1900 over 1899 of 526306043S and in the civil and miscellaneous expenses for 1900 c there was a reduction of 1341806574 SINKING FUND Because of the excess of revenues over the expenditures the Secretary of the Treasury was enabled to apply bonds and other securities to the sinking sink-Ing fund to the amount of 5554455606 The details of the sinking fund are set y forth In the report of the Secretary of the Treasury to which I Invite attention atten-tion RECEIPTS FOR FISCAL YEAR The Secretary of the Treasury estimates esti-mates that the receipts for the current fiscal year will aggregate 580000000 and the expenditures 500000000 leaving leav-ing an excess of revenues over expenditures ex-penditures of 80000000 CONDITION OF TREASURY The present condition of the treasury I Is one of undoubted strength The available cash balance November 30 was 13930379450 Under the form of statement prior to the financial law of March 14th last this would have been included in the statement 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 reserve re-serve of 150000000 would be 259303 791GO Such balance November 30 1899 was 29649530155 CONDITION OF GENERAL FUND In the general fund which Is wholly separate from the reserve and trust funds there was on November 30th 57009007315 in gold coin and bullion to which should be added 22957300 in gold certificates subject to issue Against which there Is held In the division di-vision of redemption gold coin and bullion making a total of free gold amounting to 9304737315 PARITY OF METAL MONEY It will be the duty as I am sure it will be the disposition of the Congress to provide whatever further legislation i Is needed to Insure the continued parity under all conditions between our two forms of metallic money silver and gold PAYING FUNDED LOAN Our surplus revenues have permitted the Secretary of the Treasury since the close of the fiscal year to call In the funded Joan of 1891 continued at 2 percent j per-cent In the sum of 25361500 To and Including November 30th 23458100 of these bonds have been paid This sum together with the amount which may accrue from further redemptions under the call will be applied to the sinking fund THIRTY YEAR BONDS The law of March 1J 1900 provided for refunding into 2 per cent thirty year bonds payable principal and in terest In gold coin of the present standard value that portion of the public debt represented by the 3 percent per-cent bonds of 1908 the 4 per cents of 190r and the 15 f per cents of 1904 of which there was outstanding at the date of said law 539149930 The holders of the old bonds presented them for exchange between March 14th and November 30th to the amount of 3G19 13700 The net saving to the Gov Crflmeitt on these transactIons aggre gate 91OG1GC Another effect of the operation an stated by the Secretary is to reduce the charge upon the Treasury for the payment of Interest from the dates of refunding to February 1 1901 by the sim of more than 7000000 nnnunllv From February 11904 to July i 1907 the annual interest charge will lie re duccd by the sum of more than 5000 000 and for the thirteen months ending August V908 by about 1000000 The full details of the refunding are given in the annual report of the Secretary of the Treasury |