The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-11-20


favor Of seating Belford, three in favor o
Patterson, and four in favor Of reporting
that there was no valid election. The
remaining member did mot commit him
self.
The Louisiana case, Acklin VS.. Darral
has been referred to the subcommittee
Harris, Ellis and Coz, Of Ohio.
The nomination Of Gen. Harlan wal
before the judiciary committee to-day
but no conclusion was reached.
WANTS INFORMATION.
Representative Shelley, just before thC
adjournment Of the House today, offered
q resolution calling on the Secretary O
the Navy 10 inform the House what nav
vessels have been put under repairs since
the FIRST Of March last, with the namel
and cost Of the same, and the amount re
quired to put them in sea.going order.
coEFIRIFD.
The Senate confirmed the following
G. J. Filley, postmaster, 81. Louis; Alonzc
Bell, Asst Secretary OF the Interior.
Consuls-Jchn F.Winter, Illinois, Rot
terdam; Joseph E. Jackson, Michigan, St
Paul De Loando; A. Francis, Oregon
Victoria, V. l.; Charles O. Sheppard, New
York, Bradford; VIM. Morris, Ceylon
Collectors Of Customs-G. W. Howe, Dis.
trict OF Cuyahoga, Ohio; Charles Y. o..
born, District OF Superior, Michigan.
Hugh J. Campbell, New Orleans, U. s.
Attorney, Dakota; H. L. Hart, Ohio, In
dian Agent at San Carlos Agency, Arizo-
ma; E. B. Tyler, postmaster at Baltimore,
ANNUAL REPORT OF .. 3. TREASURER.
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 as regards
the receipts and expenses as compared
with the fiscal year ending June 30, 1876:
That ending June 80, 1877, shows de.
crease in the net revenues of SIS, ,4SI ,452
and decrease in the net expenses Of
Sl7, ,299, ,7ss; net revenues for the fiscal
year S269, ,000, ,5s6, net expenditures $685..
660,00S; making the increase Of funds
amount to S30, ,340, SIT. 1t is observed
that while the revenue from customs,
lands and miscellaneous sources has de.
creased year after-year since 1873, the
revenue derived from Internal revenue,
so called, has increased; the receipts from
that source in 1874 having been $l02,-
409,7S4, and in the iscal year, 1877, SllS,.
0,407; total amount Of unavailable
moneys carried in balances Of accounts
in the Treasury offices was as follows:
June 80, 1876, S29, ,s99, 500; June 30, 1877,
S29, 20,SSS. The theory of public ac.
counts Is that the Treasurer OF the United
States shall be charged upon warrant Of
the Secretary with all moneys received
into the Treasury, and for which, when
ever received, he is held accountable un.
til the same are properly disbursed under
some appropriation made pursuant TO
law. lthRs, however, occurred that since
1886 the sum Of S29,625, 1888, over and
above the amount Of public money which
has been properly accounted for, has, by
reason Of deposit Of the surplus revenue
with 20 States Of the Union and BY deficit,
BY default, by theft in various places and
by the failure Of depository banks, gone
from the custody OF The Treasurer, which
It seems he cannot, from the nature Of
the case, account for, and thereby obtain
credit on the books of the department,
and for the convenience Of the operations
OF the Department this amount is car
ried in the accounts as unavailable. The
Treasurer thinks there should be lesis-
lation authorizing the opening OF an ap-
proPriaton account upon the books Of
the Department, which, under the head
OF unavailable, the Treasurer may re-
ceive credit for sums now and hereafter
from time to time becoming unavaila-
bic, and the person, bank or State pro-
perly chargeable may be debited with
the various items by warrant on account
stated by the proper accounting officers Of
the Treasury. 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 hands, yet many deductions
are sought TO be made from time to time
as il 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 monthly
debt statement includes arc the general
currency balance and general coin bal
ances. The currency balance, rs 1t ap-
pears In the monthly statement under
the item, HCashi in the Treasury Curren-
Cyl" Is simply the amount Of currency
that would be left in the Treasury after
the payment Of all currency demands in
full, and SO, also, Of the item, "Cash In
the Treasury Coin" There is in addi-
ton to the amounts held for the redemp-
tion Of clearing House certificates aud
coin certificates, OF which amounts out
standing are noted in the statement, be-
sides which are not mentioned, there are
funds to the credit Of Disturbing officers
for the redemption OF notes Of Ma
tional banks failed and in liquidation and
reducing circulation to meet the out.
standing checks and drafts. For the
benefit Of the creditors OF National banks,
the balance Of the Eve per cent fund,
comparative statement Is given,
showing in detail the coin and currency
liabilities aud assets Of the Treasury on
September so, 1876 and 1877. These ag.
Eregate as follows: Coin, September 50,
1875, S67,5s6,705; September 80, 1877,
Sl33, ,5S5,0 ,072; currency, September so,
1875, $l00. .4S7, ,f66; September 80, 1877,
Sl10,0960S9.
Regarding the long mooted question
whether legal tender notes deposited for
reducing the circulation Of failed, re.
ducing and liquldating banks are held aa
separate funds, il may be said that there
are no provisions Of law which requires
that such notes should be 90 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 vaults oi
the Treasury q sufficient amount Of
United States notes 10 redeem alI
l. IL. L. = =