The Portland daily press., 1875-11-18
Treasurer News Report.
Decrease of Receipts and Expenditures
of the Country Important Rec ommend-
ations.

The annual report of Treasurer New has
been submitted to the Secretary. He says
"By examination of the comparative state
ment of receipts and expenditures it will be
seen that while there has been an increase of
$7,59770S6S 6S in internal revenue receipts for
the fiscal year 1875 over those of 1874, there
has bePn decrease in receipts from customs
of So 1886, Ill 81 from lands of $438,7S 76, ard
from miscellaneous sources of So 701 5i3 81,
making total net decrease of revenue for the
fiscal year 1875, as compared with 1874, of
$47S ,704 96. The total net decrease in ex-
pendtures for the same period is $14 415, ,407 81,
composed of the following items, viz: On
account of interest on public debt, S4,026, ,2Sc-
81; OH account of War department, 81 1885,
2S1.24; on account of Navy department,
50 53i SCI 10. The total net decrease is
$1i,654, 513, but there are Increased expendi-
lures on account of the Interior department, OF
S., 100 ,9e6 %; aud civil and miscellaneous of
81, 429 lO9 ~, being net differences of 50 &c.
1924 IN favor of the year 1875 over that of
1874, lE the matter of receipts and expendi-
lures together.
Mr.. New makes a number of important
recommendations He suggests that the
Treasurer ought not to be held responsb for
unavailable, but that record OF the facts
should be made in such cases, and the creditor
charged with the amount. He recommends
tha. d.sbugsiug officers should be required 10
make weekly reports OF their checks and bal
ances. Over $3.50, ,000, GOO is annually expended
through disburaing otficers, and Mr. New
thinks that all official accounts whatever ought
to be reported TO the Treasury department.
/ weekly. Another difficulty in bis office which
needs to be rems died is the method of paying
members of Congress. At present ,rtfca es
are made out by the Speaker or CLERK, by
which the money is drawn fIom tie Treasury
and pad through the Sergeant-at-arms Ii
these persons make any mistake in the certifi-
Gates as they occas onally do, the Treasurer
| who has nothing to do with making them out
! is now held responsible for overdrafts made by
the members OF Congress IN 1867. He wants
the system changed, SO that some offic II of the
house shall draw the money and be account
able for ITS Endorsement During the year the
/ National Bank OF Redemption agency has
! rea"emed, assorted and accounted for 1867
| 3l0 notes OF the aggregate vaius OF $780,
| 94J, the expenses having been S290,96j 81,
winch have been assessed upon the banks
! Mr. New says: "Shunld the banks seriously
ooJect 10 any of the charges or expenses
| Included in tue asses smeut, it Is Tor them 10
| take such steps to recover the same as may
| seem best. yet few have made any complaint.
| If the agency is to be continued. its operation
has suggested some changes in the law for its
| successful conduct in the future, alike in the
interest of the public and the banks. 1t has
| been hitherto esteemed that bank has full :,
| discharged its pro Mise and obligation when IT
has redeemed the same in lawful money at its
/ own counter or other designated place Of re-
demption under this law The bank ia also
required to pay the cost of the transportation