Items of Interest July 10, 1902 Issue

Items of Interest

At the end of the fiscal year, June 30, the available cash balance in the United States treasury was larger than ever before in the history of the Government. It was $208,630,022,64. The excess of receipts over expenditures during the year was $92,193,390,30. The total receipts of the Government from all sources during the year were $563,405,187. Of this $254,456,927 was from customs; $272,503,214 from internal revenue, and $36,445,046 from miscellaneous sources.

The President has formally declared the restoration of peace in the Philippines; he has placed the islands under complete civil control, and has extended general amnesty to the Filipinos who have been in rebellion. These three things were accomplished July 4 through the issue of the necessary orders and proclamations. At Manila, about six hundred prisoners, including Aguinaldo, were released.

A report on naval affairs recently submitted to the House shows that the total number of vessels in our navy, built and building, is 138, and the total cost will be $235,082,209. The report states that comparatively few of these have any real fighting value. Our fighting strength lies almost entirely in our eighteen battleships, eight armored cruisers, and twenty-one protected cruisers.

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