New-York tribune., 1876-06-03
CONDITION or TIE TREASURY.

The debt statement of May 81 is the most
favorable that has been issued for long time.
The decrease of "debt less cash i'll the Treas
Jury" is Si,617,5l5 81, and the actual de-
crease of public Indebtedness during the
month is S9,212,756 %. OF this reduction
&5.3A2,8 O5 is in the interest and bonded
debt and $3,904, ,S9S IS in the currency in
debtedness. Deducting coin certificates, the
amount of specie owned by the Government
was $l9,629,72S 81 at the beginning, and
$40 9O9, 1866 81 at the end of the month, and
the decrease of $S,719,7G2 II is due in part
to the payment Of interest, and in part to the
issue OF silver coins. According to the latest
report from Washington, the total amount OF
silver paid out was $7,3s9,2sS since the be-
ginning Of the issue, of which SAL 4,557 was
in retirement of fractional notes, and the bal
ance in payment of drafts. 1t is not surpris-
ing therefore, to find an increase during the
month of $l,124,5 522 % i'll the currency on
hand, exclusive of the deposit covered by GER
tifcates Hence the net decrease OF cash owned
by the Treasury is 81, ,595,2lO 80, which, de-
Quoted from the actual decrease of debt leaves
S46175lj 81 as the decrease of debt less
cash.
The decrease of currency Indebtedness during
the month has been S125 in old demand notes.
S4O4, POS in legal-tender notes, and $1,000
go IS in fractional currency redeemed and re-
tired The amount of fractional currency now
outstanding, S37, ,359, 17I 80, includes notes de-
stroyed and lost, vaIiouSy estimated ut $lO,-
100000 to $15,00O,c0O in amount. so that
there is still i'll use from S22,OOO,OOO to
S27 900 900 of such currency. Less than five
millions have been retired since the payment
of silver coin was cOmmenced-slnce April !
only $4,903,373 20. The amount of fractional
currency according to the debt statement OF
Feb. / was S15, ,S64,3S2 16, that about
s., SOC, 900 was retired prior to the issue of sill
yer. If the retirement should continue not more
rapid than it has been during the past month
it would take seven or eight months more to
get nd of the fractional paper But it is
probable that as soon "a the supply OF silver
becomes sufficient to permit its general use
the retirement of the fractional currency will
be greatly accelerated. The nominal decrease
of legal tenders during the month has been
small. and, rs well for the purpose of acceler-
ating this most tardy process as for the more
speedy substitution of coin in general use for
small change, the passage OF some measure
authorizing the exchange of silver for several
millions of legal tenders is much to be desired.
There has been no change whatever during
the month in the amount of outstanding bonds
bearing interest, and the reduction i'll coin inter
est due has been only $2,014,115 10, while
the interest due on the navy fund has increased
S35, 600 The only remaining changes have
been "a decrease of 1929, ,210 in the debt on
which interest has ceased, and decrease of
1890 Sc in the interest on such debt.
Nearly the whole decrease has been in the
amount of called Five-twenties of June, 1864,
and OF 1865, still outstanding. OF these bonds,
with interest accrued, the amount paid during
the month has been $3,136,225 20, and of the
Five -twenties of 1862 the amount paid has been
with INTEREST," $174,1O7 %. The other
changes are only six in number and insgnifi-
cant in amount
The amount of called Five-twentics of June,
1864, as yet unpaid, is only $2,775,7 700, and of
those of 1S62 only 81, l35, 400 are still outstand
ing. The compound interest notes have for some
months been very slowly presented, and it is
not unlikely that considerable part of the
1891 ,16O of these notes and SlSi,300 of the
Seven -thrties may have been lost or destroyed,
and thus may never appear for redemption.
If the amount of fractional currency thus de-
strOyed SHOULD exceeu ten Ihiiiohs, IL Is proDaDe
that in the aggregate about twenty-five mil
lions of the public debt is. thus really dead, by
reason of the destruction or loss of the evil
dences of indebtedness.
Respecting the receipts of the Government,
the statement for May is not very encourag-
ing Customs receipts for that month were
about one million less than the receipts for
the same month in 1875, and the aggregate
for ele ven months of the fiscal year is less
than $136,O0O,OOO. The estimate made in
| the report OF December last was $112, ,OOO,OOO