The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-20
sherman's BOok-Keeping.

WASHINGTON, Nov. 19-The Treasurer of the
United States IN his annual report Of opera.
year makes the following exhibit regarding the
receipts and expenditures as compared with
the fiscal year ending June 80, 1876:
That ending June 80, 1877, showed a decrease
In net revenues amounting to s1s4St ,452 50: net
revenues were $500 .586 62; and the net ex-
pendftures were s2ss .oos 90. making an in,
crease OF funds of s30,340,577 60. 1t Is observed
lands and miscellaneous services has decreased
Hr ro year sneg 1s the bps
creased, the receipts from that source IN
M 1874 a. having been slo2. .aoa7s m {, 90; ;r and in
amount of unavailable moneys covered In the
balances OF the accounts In the freasurer's
office was as follows: June 30 1876. s29 899. $40 40
" debt statement of the department was never
intended to show the condition of the
treasury and the amount and kind of funds on
hand yet many deductions M are sought to be
cash In the treasury which the debt statements
include are the general currency balance and
ance as 1t appears in. the smouthly state
ment under the item of cash in the treasury
That K sR Mga be- h9 left "RouH IN the t2sasug % s
the payment of all currency demands In full.
and and 50 also # the item Of cash In the treasury.
tion of clearing house certificates and coin GER
tiflcates, of which the amounts outstanding are
noted IN the statement; besides which, not mem
UOneu tn6fe, Iun0S 10 Jtle Cred1t Oh dlSDurSlng
officers for the redemption Of the notes Of ma
tioal banks failed and in liquidation. and
reducing the circulation to meet outstanding
checks and drafts for the benefit of the creditors
Of the national banks. For the balance of the 5
per cent fund and others parative state
ment Is given, showing in detail both in coin
currency thu liabilities and assets Of the Treas
ury for September 80. 1876 and 1877 The aggre-
gates are as follows: Coin. September 30. 1876.
se 1885, .7o5 95; September 80 1877, sl5 S5O,122 Is
currency, September 30. 1876 $t04, ,371 .766 A:
September 30, 1877, $110. .D96 O39 Of.
The amount of bank notes presented at this
office for redemption ia legal tender notes dur
ing the fiscal year has exceeded the red I'm ption
of any previous year. The amount redeemed
was 1926 ,210375 Ia, which amount was received
In 81 1874 packages. The redemption for the pre-
vious year was 1904 .294,87 d, showing an in
crease OF s31 .9t5 400 20. or about Is per cent.
There was decrease OF $278,091 0s in the re-
tirement Of legal tender notes during the. year,
besides which there was a reduction in the
volume Of United States paper money very
marked. leaving the outstanding OF all cifcu-
lating paper issued of the government at $780,
e27. JIG "a at the close Of the fiscal year, being
less than at any other time since 1862.
The volume of legal tender notes and of frac-
ional currency Is less than at any time since
1862.
There were presented during the year. for
redemption. counterfeit national bank notes
amounting to s14,563.
The national banks have paid duty amount
ing to s75 762 os7 55 during the thirteen caendar
years from 1862 to 1877.