The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1872-12-12
TREASURY DEPARTMENT,
Decem Der 2d, 1879

Of the finances of the year 1872:
TREASURY DEPARTMENT,
December 81, 1879
SIR: Whatever degree of success has az
tended the administration OF the Treasury
Department during the year is due large
~ TO the ability and fidelity of the Off
GERS and clerks of the several bureaus and
divisi Ms. There has been some excep-
tions to the general good conduct of the
working toIce, bul the numb of these
WI not be thought large when it 10
known that more than 8 600 persons Z
employed in Washington, ot whom near
1y 400 are constantly engaged In hanH-
ling coin notes and MONEY securiti 8 nf
the Government. Many of these persons
are paid fair wages tor the services len
dered, but others who fill places OF gres
responsibility are nat, by ny means, ade
euately compensated. OficaIs and clerks
of known ability and established rsputn-
tion are frequently drawn away 10y "ffrrS
of better pay else here This cOmpet-
ton will leave the bushes of the depart
ment finally In the hands OF the less valu-
able part % its offic, rs. A. sense of Just c,
leads nae TO recommend an increase o
WI t4C oSolSldue ECSlSLdA i6o 4l tut
Treasury.
THE FIVE PER CENT. BONDS.
Since the last anDua' report, the bust
Des of negotiating $200,000,000 OF tiv,
per cent bonds ami tie red, mptlon nl
$2U0000,0 600 of six per cent 5 30 bond,
has been com pleted, and the accounts hav,
been settl' d by the accounting uficer>
OF the Treasury. Further negut ations al
five per cent bonds can now be mad,
upon the basis of he former negotiations
blink it expedient,a s means of giving
additional stability to the bnud~ auth J.
lie by the fundingac o July Il 1870 nu
addI lonaI security to the owners, tho
regisl ered bonds of every Issue should b.
made cow, ItIble coupon bonds at the WI
of he holders Wh,n tins privilege !,
granted the desire to convert them sha
Cease.
THE TREASURY.
The poneys received aud carried into In,
Treasury during the fiscal year ending Jun,
30Lh, 1872 We're:
FROM Gus oms. S2l6, $40 2s6 n
For sales OF public lands 49,. 1878 IA Is
From internal reveBu"........ 100 642 IN z.
For tax on national bank cir
culatlon etc.............., q. 523, 1886 3!
From Pacific Railroad conf
pampF -. ................. TAO Sol 81
Ffom customs, fines, etc..... l, l36 442 81
From tees, consular, patent,
land enc. ................. 1884 O95 81
From mlscelI aueOus Sources. 4,4l2 225 7
Total ordinary receipts..... 1854 694 229 81
From premium on sales Of
com.................... 94I2 637 6;
Tota! net receipts. .......... 374, lO8, 867 81
Balance in Treasury June 80
1871 including 1928 81 re-
cr,vrd from unavailable
sources. Northumberland. 1O9. 935 7O5 81
To- al available cash .......... 4S4 042 573 /!
TIE net expenditures by warrants during
The same period were:
Fpr clviI expenses. .......... $40 1877 o59 q
For foreign 10 lercOuIS-........ / $50 1863 /.
INDIANS ........... '...,...... Z U65 72S s;
Tensions ..........>.......... 1888, 4U2 u
For the military establish
m"nt, Including for ifca-
lions, river anC harbOr inn
prOVements and arsenals. s. 372 1877 q
For naval es ADJUSTMENTS, in
Guiding Vrssels and ma
chnery and improvements
al navy yard.......... -. 2l.249 800 9
For miscellaneous civil, in
cludmg public buildings,
h-hthou>es and collecting
Inc revenue. .s............ 70 95S 3Z9 y
Interest On the public debit. ~ 1857 500 7
-
Total exclusive Of principal
and premium on public debt go $50 Cos 9
For premium on bonds pur-
chased. ACKNOWLEDGEMENTS. CESS, 266 Z
For redemption OF the puotIc
..................... 90 96O, 258 &
Total. ........,........... i06 9l8 $50 3
Total net disbursements 500. 377, 478, ZIG Z
Balance in the Treasury June
3oth, 1872. LOG, 5s4, 1856, g
Total. ................ asa, O42 573 /
From the foregoing statement IL appeal
that the net reduction OF the piinc,pai OF h
debt during the fisca wear endln
June 3Ota, 1872 was 500 960.253 81. Tn
source Of the reduction Is as ionows;
Net ordinary receipts during
tn. year.:........ .......... 1864, e94, 229 6
Net ordinary expenditures, in
Guiding interest on the pub
lie Observation-Disclosures. s7o,559, e95 6
.#4@@ a4
Leaving surplus revenue...r "a, IL, 534
Aud the amount of receipts
from premiums on sales of nH
gold in excess OF the premi-
um paid on bonds purchased 2,454, $40
Add the amount OF reduction
n h. kNoIn Mt 4h1