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Iv and honestly discharged; and we shall have the proud satisfaction of beqpeathlng to the public servants who follow us in the administration of the Government, the rare blessing of a revenue sufficiently abundant raised without injustice or oppression to our citizens, and unincumbered With any bur- dens but what they themselves shall think proper to impose upon t.

 fine ilotitishing state of the finances ought not, however, to encourage US to in dulge in ayish expenditure of the public treasure. ! he receIpts of the present year do not furnish the test by which we are to estimate the income of the next. The changes made in our revenue system b57F the the acts of Congress of 1852 and 1883, and more especially by the former, have swell led the receipts of the present year far be- yond the amount to be expected III future years upon the reduced tariff of dutles.- The shortened credits on revenue bonds, and the cash duties en woollens, which were introduced by the act of 1892, and took ei- feet on the 4iIl of March last, have brought large suns into the treasury in 1853, which according 10 tue credits formerly given, would not have been payable until 1884, and would have formed part of tbe income ofthat year. These causes would of theH- selves produce great dinlnntion of the receipt, in tie year 1884, as compared With the present one, and they will be still more diminished by the reduced rates ot duties which take place on the lst of January next, on some of the most important and productive articles. Upon the best esti- mates that can be made, the receipts of the next year, with the aid of the inappropriate ted amount now in the Treasury, will not be much more than sufficient 10 meet the expenses of the year, and pay the small remnant of the national debt which yet re- mains unsatisfed. ] cannot, therefore, re- command to you any alteration in the pre- sent tariff of duties. The rate as now fix ed by le8 Oh the various articles, was adopted at the last session of Congress, as matter Of compromise, with unusual unaninity; and unless it IS found to pro- duee more tilaE the necessities of the Gov ernment cali for, there would seem to De no reason at tiilis time to justify 8 change

 But, while forbear 10 recommend any further reduction of the duties, beyond that I already provided for by the existing laws, must earnestly and respectfully press upon Congress the importance of abstaining from all appropriations which are not absolutely required for the public interes S, and author ized by the powers clearly delegated to the United States. We are beginning new era in our Government. The national debt which has so long been burden on the Treasury, will be finally discharged in the course of the ensuing year. Nc more money will afterwards be needed than what may be necessary to meet the ordinary ex- penses of Government. Now, then, Is the prope: moment to fix our system of expen- allure On firm and durable principles and l cannot too strongly urge the necessity of a rigid economy, and an illfiexible deternlin- ation not to enlarge the income beyond the real necessities of the Government, and not to increase tlle wants of the Govern ment by unnecessary and profuse expendi- lures. If contrary course should be pur- sued, 1t may happen that the revenue of 1894 will fall short of the demands upon 1t: and after reducing the tariff in order to tighten the burdens of the people, and pro- viding for stlll further reduction 10 take effect hereafter, t would be much to he de- plored if, at the end of another year, we should fin3 ourselves obliged to retace our steps, and impose additional taxes to meet unnecessary expenditures.

 If IS my duty on this occasion. to call your attention to the destruction of the public building occupied by the Treasury department, which happened since the last adjournment of Congress. 4 thorough in- Equry into the causes of this loss was direct cd and made at the time, the result of which will be duly communicated to you. take pleasure, however, in stating here, that by the iaudable exertions of the officers of the department, and many of the citizens of the iiistiiet, but few papers were lost, and noiia that will materially affect the public inte- rest.

 The public: convenience requires that an- other building should be erected as soon as practicable; and in providing for it, ii will be advisable to enlarge Tn some manner, the accommodations for the public officers of the several departments, and to author Ize the erection of suitable deposiioties for the safe keeping of the public documents and records.

 Since the last adjournment of Congress-, the Secretary of the Treasury has directed the money of the United States to be de- poslted in certain State Banks, designated by him, and he will immediately lay before you his reasons for this direction. I con- cur with him entirely in the view he has ta- ken of the subject; and some months be- fore the removal, 1 urged upon the depart