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 mates when submitted and the balance of $337, 1909 H, which has not been required at all, or seasonably, for the objects con templated in its appropriation, and will, therefore, be carried 10 the surplus fund.

 In the examination of this result, as to outstanding appropriations, 1t should be no- ticed that one small amount Of unclaimed interest on public debt, and another of un- funded debt, though chargeable on the Treasury, are not included. Embracing those, and the amount applicable afterwards to permanent appropriations, there would not be money enough i1 the Treasury to pay, at once, every claim outstanding. But excluding them, 1t will be seen that the effective, uhexpended funds on the Ist January, 1885, will be S5,566,231 34, to meet what will be required for the remain ing and unexpected appropriations, being i $5,l4l, ,964 27; or, in other words, that our 0rGttdbie means then Oh hand 10 dis charge all the old and existing claims on the Treasury, will be about $444,26S TO more than their actual amonht.o

 The Secretary of this great nation has, then, contrived, by mahhotding several millions of appropriations made by Con gress, and deemed necessary by his own committee of Ways and Means, to have an available balance of S444,26s 70.- After dealing in millions fur so long q tune, and making So many reservations, one IS very apt 10 think, on looking at this balance, that the Treasury Is ln worse con dston than # is represented to be.

 The disbursements on account of the public debt, for 1884, will amount to S6,- I6l, ,0l7 46. At The close of the year, the whole Public debt will be paid, or mo- hey provided for is payment,

 The receipts into the Treasury for the year 1885 are estimated at S20,000, 0,O00: to which IS to be added the balance of available funds in lhe Treasury at the end of 1884, Ss,5s6,232 34-making together the sum of S25, ,232 34. The expen- ditures, 1t Is calculated, will amount to SI9,633,54l Believing balance at the ! end of the year of S5,902, ,690 S2. 'bat, should the whole amount of former appro- prlailons, current and permanent, that will be outstanding on the lst of January, 1885, be needed to complete the services of for mer years, amounting III all, as before shown, to the sum of $6,141,707 20, be actually called for during the year 1885, there would be an apparent deficiency in the Treasury on the lst of January. 1886. ltusually happens, however, that Of the new and the old appropriations, a sum of five or six millions remains uncaled for at the commencement of each year; and hence no real deficit is then anticipated, nor much, fl any, excess, after defraying all the expenditures then ehargeable to the Treasury.

 The receipts into the Treasury from the sale of public lands, during the three first quarters of the year 1894, amounted to SS,076,4 AIS 90.

 The Imports during the year ending Sept. 30th, 1884, are estimated in value Ut 5 l23,063,35l-belng, compared with the preceding year, an increase of $I4,I0I,- 54l. Those during inc three past years have, on an average, been about $l11,- 03S,142.

 The exports, during the same year, are estimated at S97,3I8.724 ]; of which S74,- 444,429 were III domestic, and S22,S74,- 2G5 n foreign products being, compared with the preceding year, an increase of S6,655,32I; of which S3,So2,399 were ID articles of domestic, and S2,S52, 1922 in 1 those ot foreign products. The average exports during the last three years have been about $9l,7l9,690; of which $69,- 407,976 are the average in articles of do- mestic products, and $22,2ll,7l4 in those of foreign.

 x X x

 In relation to the excess of revenue re- ceived from lands over the estimate made i for the year 1894, the amount from that source happened to be unprecedented, and as full returns of the very large sales in i December, 1883, had not then been re- eelved 1t was entirely unexpected. But the actual excess, this year, though not 50 large as ln the previous one, coupled with circumstances before named, has induced the department to submit larger estimate, under this head, than has heretofore been made. $500, ,oOO.l

 The estimates for the expenditures of the ensuing year, have been graduated and modified by the following circumstances the actual expenditures for the year 1853, did not differ much from. the expe tations expressed concerning them in the last an- nual report, except that the residue of the 4 F per cent stocks, although charged to 1853, was not in fact all reimbursed, or the money paid to the Commissioners of Loans for that purpose, within that year,