TREASURY REPORT.
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The annual report from that able and tiff Cicient officer, Mir Rush, is of tolerate length and birds eye view "fits dry and mat ter-of-fact though all important contents, is all we can give. The receipts of the Treas ury for 1928, amount to S24, ,O94, ,863. which with the balance on hand at the commence ment of the year, make up an aggregate of S@O,728l49. The expenditures of the year, including the payment of more than Sl ,OOO, 900 of the publick debt, amount to S25, ,637,- 51l-haVi;Ig a bLlgnCe in the Treasury, of more than S5,O00,O00.

 We perceive that our cItemporary of the New York Commercial has furnished sketch of this report: and in what we have to add we have availed Ourself of his Iabours. The receipts of the Treasury for the last four year,, ,nmount to S97 ,957,559. Expenditures of the same period, S95,5S5,5l8. Of this sum. more than l4,OGO ,OOO, exclusive ofpay- ments of the national debt, and the ordinary expenses of government, have been expended upon subjects connected with internal i'm provement,& ,&c Of the public debt, since the wear 1917, there have been paid, by the ope- ration of the Sinking Fund, Sl 46, ,669, ,inte terest & principal. Since the beginning of l SS5 there have bee. paG 0 l. crest and p inclPaI of the public debt, $44,3O5, 542. The debt IS now reduced to the sum of S51 ,S62,1S5, ex- elusive of S7,OOO,OOO of the U. s. Bank stock, which cannot properly be called debt as the Government receives the interest in dividends. Deduct from the above $l 9,OOO,- 900 three per cent. stocks Ofthe old revolu- tionary war debt, redeemable at the pleasure of the Government, and the real bt,redeem- able at the pleasure of the Government, and the real debt of the nation stands at S38 ,S62,- I45. The imports of the nation during the last three years, amount to $50, ,2O2, ,469. Ex- ports during the same period, S338, ,2O2, 429, of which S993, ,O69, ,OS6, were of articles ofdo- nrstlc produce.

 During the four years antecedent to this period, our imports amounted to S3OS, S,915,- 539 Exports during the satne period. .S287,-

 82S, ,35O-of which S19l, l,O55, 1881, were of do- mestlc produce and manufactures, and S96,- OOO, ,469. re-exports If foreig ga articles. The mercantile shipping of the country amounts | to l,5OO, ,OOO tons. In 1913, it was only 1 ,- | 200, ,OOO.

 The estimated duties bonded in 1898, and 1 falling :n 1929, amounts to S27, ,987 ,O09. Ma king deductions for drawbacks and other contingencies, the receipts from the customs l in 1929, are estimated at S21 ,5OO,OOO. Esti- mated revenue of 1929. from all sources, S23, 14O,0O To which, add S5,OoO,OOO, present surplus in the Treasury, and il gives the gov

 4rn,n4nt, in 1928. the r""nh total of S28,

 900. The expenses of 1893, including SlO.

 900. .OO0 for the national debt, the civil expen-

 ses of the government, and the support of the army and navy, will amount to S2l,64O, ,OOO upon the basis of existing appropriations There will then be an excess in the Treasury over the expenses ofthe goyernment,o of more than S6,OOO,O0O.