Items of Interest November 22, 1900 Issue

Items of Interest

In his annual report on the operations and conditions of the treasury, submitted by Treasurer Roberts to Secretary Gage last week, the net ordinary revenues of the government for the fiscal year are shown to have been $567,240,852, the largest in the history of the country, exceeding those of 1866, the next highest, by $47,291,288. The increase of $51,280,232 over the preceding year was contributed chiefly from customs and internal revenue.

On the side of the expenditures there was a decrease in comparison with 1890, so that the deficiency of $89,111,560 for that year was converted into a surplus of $79,527,060 in 1900.

After prolonged negotiation, conducted mainly by Rear Admiral O'Neill, chief of the naval bureau of ordnance, the Carnegie and Bethlehem companies have agreed to manufacture for the government all the Krupp armor of the first class required for the navel vessels now under construction or authorized to be constructed at a maximum price of $455,32 a ton, including royalties on the Krupp process of $24.32 a ton, and on the Harvey process of $11.20 a ton.

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