Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1877-11-22
THE TREASURY.
Annual Report of Its Operations


Washington, Nov. 19.-The treasurer Of
the United States in his annual report Of
the operations Of the treasury during the
last fiscal year makes the following exhibit,
compared with the fiscal year ending June
80, 1876. That ending June 80, 1877,
shows a decrease in net revenues amounting
to $lS,4Sl, 452 and a decrease in net expen-
ditures Of $40 79s,7Ss. Net revenues for
the fiscal year, S269,000, $50 and net expen.
ditures S23S, 66O,00S, making an increase of
funds amounting to S30,340.577. 1t is
observed that while the revenue from GUS
toms, lands and miscellaneous sources has
decreased year after year since 1878, the
revenue derived from internal revenue. So
called mas increased, receipts from that
.ource in le74 having been 5 >O2, 4O9, 7S4,
and in the fiscal year 1877 Sis, 630,4u7.
The total amount of unavailable moneys
carried on the balances Of accounts in the
treasurers Office was, June 80, 1876, $780,
S99, 500, and June 80, 1877, $685. 1888.
The theory Of public accounts is that the
treasurer shall be charged upon the warrant
of the secretary with all moneys received
into the treasury, and be held accountable
therefor until the same are properly dis
bursed under some appropriation made pur-
suant to law. 1t has, however, occurred
that since 1886 the sum of $29, 625, 1888 over
and above the amount of public money
which has been properly accounted for has
by reason of deposit Of surplus revenue with
twenty.six states of the union. by deficit, by
default, by theft in various places and by
failure in depository banks gone from the
custody of the treasurer, which sums he
cannot from the nature of the case account
for and thereby obtain credit therefor on the
books of the department, and for the con.
venience of the operations of this depart
ment this amount is carried in the &C
counts as unavailable. The treasurer
thinks there should be legislation authoriz-
ing the opening of an appropriation
account upon the books of the department
in which, under the head OF unavailable
the treasurer may receive credit for sums
now and hereafter becoming unavail able,
and that the person, bank or state properly
chargeable may be debited with the various
items by warrant upon the account stated by
the proper accounting officer of the treas
ury. The only items of cash in the treasury
which the debt statement includes are the
general currency balance and the general
coin balance, the currency balance as it APP
pears in the monthly statement under tho
item Cash in Treasury. The currency is
simply the amount Of currency hat would
be left in the treasury after the payment Of
all currency demands in full, and also of the
item Cash in Treasury, Coin. There is in
addition the amounts held for the redemp-
ton of clearing house certificates and coin
certificates of which amounts outstanding
are noted in the statement. Besides which,
not mentioned, there are funds to the credit
of disbursing officers, for the redemption OF
notes of national banks failed and in liqui.
dation and reducing circulation to meet out
standing checks and drafts, for the benefit o.
creditors of national banks, the balance Of
the 5 per cent. fund, and others. A com
p~arative statement is given, showing in de
tail, both in coin and currency, both thu
liabilities and assets of the treasury on Sep
TENDER 80, 1876. and 1877. The recapitula
ton Of silver payments made in pursuanc,
of the act Of April II, 1876, including pay
ments from April 8, 1876, until and includ
ing October, 1877, shows an aggregate o
$23, loo, 1852 of silver Issued for fractiona
currency redeemed and destroyed, and Sl3,
564,569 OF silver issued in lieu Of or in ex
change for currency, making a total of S36,
620,732 upon an official estimate Of ss,Os4,,
573. For fractional currency lost in circu
~la,ion, there may be still issued be ore tn
limit Of S50,0OO,0O0 is reached $40, 269. OG
in exchange for fractional and 8, no. O6 70
J currency OBLIGATIONS.