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

WA91U01oQ, Now y.
The Treasurer Of the Unifed States, in hi
ury during the last fseal year; makes the foi
lowing exhibit regarding the receipts and az.
pendituxea, = compared With the fiscal ycez
ending June 20, 1676. That ending june 50,
1871, shows 6decrease in net revenues amount.
ing to els; "a z52 and decrease in net expendi.
lures q $l9, 30, 18 The net revenues for the
nscal year were e900, 000 566; net expenditures,
VS., $50. COS -making IN increase Of funds
amounting to go 0y5n. It is observed that
while the revenue from customs, lands and
miscellaneous sources has decSeasod year sfteg
year stnes 1873, the revenue deriyea from M
tssnsl FsysnSs sSc.nea has iacsssssd, the r.
$l@ 4e - and inrther fssal year Of 1877,
The total amount Of unavoidable monegsls
carried In balances Of accounta In the Tressu-
rem, Offices, WAS - follows; June 50 1876.
~. Sg9, ~; ywe So 1911 ~ e9ssa The
rer Of the United States shall be charged upon
warrant Of the Secretary, with N The mon
eys received into the Treasury, and for which,
whenever received, he b held accountar
bic until the same ere properly dis
bursed under some appropriation made
sacs 70 is s. n' e s
over and above the amount Of public
money which has been properly account
ed for, has, by reason Of deposit Of sur
plus revenue with twenty-six States Of
The Union, by deAcdt by defauEA by thelk
in various places. and by failure in de-
Of the Treasurer, which 1t seems he cannot,
from the nature Of the case, account for, and
thereby obtain credit therefor on the books of
the Department, and, for the convenience of
the operations Of the Department, this amount
q carried in the accounts as unavailable. The
xlro thnpo ohA hn
authorizing the opening Of an appropriation
account" upon the books Of the Department
in which, under the heado unavailable, (" the
Treasurer may receive credit for the sums now
and hereafter from time to time becoming un-
available, and that the person, bank, or State
properly ehsrgeable may be debited with the
various items by warrant upon the account
stated BY the proper accounting officers Of the
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
that publication gave the liabilities and 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 it appears in the
monthly statement under the term " cash
IN Treasury, currency" is simply the amount
Of currency that would be left in the
Treasury after the payment of Al cur
rency demands in full, and sls6 OF th6
Item, "cash In Treasury, coiD." There
is, In addition, the amounts held tor the re-
demption OF Clearing Houss certificates and
standing arc noted IN he statement, beside
which, not mentioned there are funds to the
credit Of the discussing officers for redemp-
ton OF notes Of Natiodal Banks failed, In
liquidation andfeducing circulation, to meet
outstanding Shecks and drafts for the benefit
Of the credit0fs of National Banks, the balance
OF the per cent fund, and others. A COM
parativea Statement is given showing In detail.
both in coin and currency, the liabilities and
assete.of the Treasury on Sept 80, 1875 and
1S1f:< Tbese aggregates are as follows: Coin,
81 3 1916, 67,5S6, N5; Sept, 80, 1871,
-. 20; Sept. 80. 1877, $116.096.0S9.
xegarding the long-mootcd question whether
kaltender notes deposited for redemption Of
the circulation of failed, reducing and llquidat.
Ing banks are held Ms separate fund, 1t may
be said that there Is no provision Of law. which
requires that such notes should SO be held,
and, 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
TO redeem all such bank notes II presented
simultaneously for redemption, but they are
not always i'll the vaults Of this office where
redemption is required to be made
recapitulation OF the silver payments made
in pursuance of the act Of April II, 1876, in
GLIDING payments from April IS, 1875 until
and including October, 1877, shows an aggre-
gate of t23, Isl, l62 Of silver issued for frac-
tional currency redeemed and destroyed, and
N3 464 500 of silver issued in lieu Of or In ex-
change for currency, making d total Of 1885,
GO, 1872. Upon an official estimate of IS O83 ,573
fractional currency lost in circulation there
may be etill issued before the limit OF $50 O0O,-
00U is reached, SIC, 268,06l in exchange for
fractional and %, 110,oO6 for currency obliga-
tious
There was decrease Of $27:5O9, 1OS in the re-
tirement Of legal notes during the year,
besides which there was reduction In the vol
ume of United States papermoney very marked,
leaving the outstanding circulating paper is
sues Of the Government at $3.50, 827, 9S6 at the
close of the fiscal year, being less than at any,
time since 1882. The volume Of legal-tender-
notes and Of fractional currency Is also lees
than at any time since 1862. There were pre-
sented during the year for redemption cOun-
terfeits Of National Bank notes amounting to
e14.563, including denominations from 800
down to Sc; albQ counterfeit legal-tender notes
and fractional e6frency 10 the extent of S19,.
681, including al the denominations Of legal
tender notes but more Of the determination Of
go than any other. The Natiuini Banks hsys
paid duty amounting to SIS, ~, OS7 during
thirteen calendar years from 1854 70 1871.