The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1877-11-29

| WAAu1q01oM, Nov. u.
The Treasurer Of the Unftsd States, In hi
annual report Of the operations Of the Tfeas
ury during The last hseal year, makes the fol
lowing exhibit regarding the receipts and az
| pendifures, . compared wtih the fiscal yeez
ending June 20, 16f8 That ending june 50
1877, shows 4lecgeaseih net revenues amount
ing to el8 4S1 ,45A and decrease in net expendt
lures Of el9, ~, ,76& The net revenues for the
6scaI year were e200. 600 5e6; not expenditures,
e2S8, go. COS -making IN increase Of funds
amounting to 0,577. It IL observed thai
while the revenue from customs, lands and
miscellaneous sources hos decrsased ysar afte1
| year since 1S73, The revenue derived nom n
teEhel rtvenpe, s6called has incFe eased the re-
ecipt from hat source h 1874 having been
III eS IS aaaa 1S r he - year Of ls'''
The total amount of ruhayailable monegssl
carried In balances Of accounfA ID The Tressu-
rers' Offices, WAS - follova: June 50 1870,
"a, ,699, $50; june 81 1871, ~, 90 8a& The
sod Se e PHDs Pna sss9c IN = ssa ne Is:so
. warrant OF the Secretary, with an the mon
eys received into the Treasury, and for which,
whenever received, he b held accountAr
bic untn the same are properly dis
bursed under some appropriation made
pursuant to law. 4 has, however. occurred
over and above the amount q pn6lic
money which has been properly account
ed for, has, BY reason OF ! deposit Of sur
plus revenue with twenty-six statee az
The Union, BY deActt By defauA BY theft
in various places. and by failure in de-
pOsltory banks, gone from the custody
Of the Treasurer, which It seems be cannot,
from the nature Of the case, account for, and
thereby obtain credit therefor on the books Of
tho Department, and, for the convenience OF
the operations Of the Department, this amount
1e carried In the accounts as unavailable. The
u<au tutr~ kIxn~n IL L. -
authorizing the opening OF an appropriation
account" upon the books Of the Department
in which, under the headof " unavailable, !" the
Treasurer may receive credit for tha sums now
and hereafter from time TO time becoming un-
available, and that the person, bank, Of State
properly chafgeable may be debited with the
various items by warrant upon the account
Although the monthly debt statement of the
Department was never intended to show the
condition Of the Treasury and the amount and
kinds Of funds on hand, yet many deductions
are sought to be made from time TO time, as il
that publication gave the liabilities md assets,
and not merely the condition Of the debt. The
only items of cash In the Treasury which the
debt statement include are the general cur
rency balance and the general coin balance.
The currency balance, as 1t appears In the
monthly statement under the term g cash
- AAS0SeA tAAAVnSJf - oAAPAy 1AC 6kAAOukeN
Of currency that would be left In the
rency demands in full, and als6 sof thl
item, leash In Treasury, coin" There
Is, In addition, the amounts beld tor. the re-
demption of Clearing Hopse certj6cates and
standing are noted i1s1he statemsnt, beside
which, not mentioned there. afc funds to the
credit Of the disbufsing ol1cers for redemp-
tion Of notes Of Natiodal Banks failed, In
liquidation and dtfeduciHk circulation, to meet
outstanding Shecks snd drafts for the benefit
OF the credit0rs Of National Banks, the balance
OF the per cent fund, and others. A com
parativeT Statement is given showing in detail.
both iHcoih end currency, the liabilities and
assetSs0f the Treasury on Sept 50, 1876 and
1S7EE Tbese aggregates are as follows: Coin,
Sex 81 1876, $67,5 $50, ,7O5; Sept. 30, 1877,
S:5A0H. Currency, Sept. 80. 1876, $780,
7.16; Sept. 80. 1877, $l16.096.0S9.
sMgarding the long-mootcd question whether
lal-tender notes deposited for redemption OF
Ehe circulation of failcd, reducing and liquidat-
ling banks are held as separate fund, 1t may
be said that there Is no provision OF law which
requires that such notes should so be held,
aud, as fact, they have never been held set
apart and distinct from other funds in the
Treasury. There Is, without doubt, in the
various offices and various vaults OF the Treas
ury sufficient amount Of United States notes
10 redeem all such bank notes II presented
simultaneously for redemption, but they are
not always in the vaults Of this Office where
redemption is required to be made
A recapitulation Of the silver payments made
cluding payments from April IS, 1876, until
and including October, 1877, shows an aggre-
gate of $23, l56, l62 Of silver issued for frac-
tional currency redeemed and destroyed, and
$l3 464 500 of silver issued In lieu Of or In ex-
change for currency. making total Of s96,: