Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1877-08-04
The Daily Press and Dakotaian
NATIONAL NEWS.
Gen. Hazcn Leaves for Europc--Tl,e Debt
Statement.

Statement.
Washington, Aug. l.-Gen. Hazen left
here tonight for New York on his way to
Europe,swhere he goes as an observer of
the Turco Russian war in behatf of the war
department. While here the general was
served by the adjutant general of the army
with a copy of the charges made against
him by Gen. David s. Stanley. The
charges are mainly concerning the testimo
ny given by Gen. Hazen at the Belknap
impeachment trial, and are founded on con
Traditions between his verbal evidence and
letters he had written previously. Gen.
Hazen made q brief statement in explana-
ton to the secretary of war, and afterward
reported to the president. After a consul.
tation between the two it was concluded
there was nothing in the charges to warrants
court martial or to unfit Gen. Hazen as a rep
resentative ofthis government at a European
curt. Consequently they were ordered dis
missed. General Hazen received his in
structlons from the secretary, which were
simply to make close observations of the
conduct of the war from a military point of
view, and report frequently and fully to the
war department. Also to study the improve
mcnts in the equipment and organization of
armies. General Hazen will be attached to
the legation at Vienna, snbordiate to Minis
ter Kasson, and it is the opinion of General
Sherman that he can observe the war more
intelligently from that point than from
either st. Petersburg or Constantinople. 3
WHAT H DEB STATEMENT SHOWS.
The debt statement for July shows a re
duction in the public debt of 1898, 9O5,
which is exclusive of $500, 600 deducted
for estimated expenses for the military es-
adjustment. This amount is due but not
PAID, and until the appropriation can be
made for the army the amount which
will be estimated monthly for expenses
for the military establishment must remain
in the treasury. The figures given in
the debt statement, therefore, represent the
actual reduction for the month. In conse-
quence of the labor strikes receipts from in
ternal revenue fell off at least $500, 900. 1t
is probable that this amount will be made
up by the next months receipts, as it is be
lieved that fully that mount was held by
collectors for prudential reasons during the
interruption of railroad communications.
The falling off is believed to be for the
most part apparent rather than actual. The
coin balance presents a highly encouraging
exhibit, and will be particularly gratifying
to those who favor the accumulation of coin
for resumption purposes. After deductine
coin certificates, coin held for the redemp
ton of called bonds, interest due and
unpaid, and silver coin and bullion
the balance in the treasury is
$34,659,797. Against this balance there car
be charged for interest ACQUIRED to date, SIG,
477,574, and deducting that sum leaves tht
gold balance, against which no claim what
ever can be presented, SIS, 1872, 223, which ii
an increase of about So, 500, 900 over the ne
balance on hand one month ago The item
known as Interest accured to date is no
properly %chargeable at this time, because i
has not yet matured. tt is deducted here il
the same way that outstanding liabilit,
would8be deducted by a corporation takine
an account OF stock to close business. The
$35,0OO,OOO in gold which the government
now owes, exclusive Of the liability for inter
est accrued but not matured, really repre-
sentsstte sum-which may be depended upor
for resumption purposes. The fact that ovel
S26, DOC, 600 in gold was laid out last month
for interest makes this coin exhibit for Jul,
still more gratifying. The currency balanc,
at the disposal of the government is nearl,
$l0,0O0,O00. In addition there is ovel
SS,OOO,O00 of currency. Compared with las
month this shows an increase of over So, 900,
600, and compared with the same portion o
last year an increase ofover SIS, ZOO, 900. TIL,
treasury also holds nearly $4,000, 900 fol
the redemption of certificates of deposit
which swells the currency balance to owe
1868, DOC, 0O6. Tito this is added nearly $14,
100000 in legal tenders, heldto redeem note
ofnatlonal banks passing through liquidation
and surrendering circulation, we have a tota
Of about 7 100000 in legal tenders nov
locked UP in the treasury.