The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1879-11-20
Tho Annual Report Of the U iieS
States Treasure. SStws sn
decreased Co'Ga5e
U! 3 9TH Of the Precious Metals
Passing Current With the
World ls Money.
A Grsdusl Decrease Percsp.ibls in
the Note Assets Of the
Nation.
Cther Washington ! CITES.

WASHINGTON, Nov. 1S.-The ANNUAL re-
port oil United States T.ea'urer Gilti,lsn
says: The aggregate Of god coin and bui-
lion AID OF silver cola AID bullion, in
cluaiDg standard silver dollars, which,
being coined under the act Of F.bru.ry
- b, 1873, do not spPsar il The statement
prior 10 that year, IL shoSa u have in
creased from S6i,452 40 in 1876. to
STA i6i,SS2 in 1877; to Sl6G $50 ia in
1873; 10 S222 .So7 $50 in 1879.
Ine decrease III the aggregate note
assets, including credits in depOsito banks
Oh other Than loan account, is shown to
have gradual, the apparent increase in 1877
being due to the failure OF the army bill TO
become law, ard The accumulation OF
funds consequent upon Withholding pay
ment to that branch OF the service
The note assets ranged "a follows on The
above date: In 1876, SOS 40 So: in 1877,
SI07 66i, 2s7; IN 1878, SS5, 1272, 700; and
IL 1879, s59, 69J,0S0.
The decrease lie note balance arises fro
various causes, notably from the receipts
for customs and internal revenue, of coin
paid cut in the purchase Of bullion for the
coinsge Of standard silver dollars, from ex-
change of notes for gold and the payment
of notes for foreign gold received at the
assay Office in New York, from the pur-
chsse Of gold bullion with notes, AID the
payment of interest upon the pubic debt
in United States notes and IRON the pay
mtnt OF srresrs OF pensicrs.
The nest constant iui.leDce In tie de-
crease OF note balance is that which proceeds
from the purchase OF silver bdi!ion FIR
coinage, thereby depriying the treasury Of
an equal amount CT note receipts.
All the above mentioned GAUGES Of d.
minution, except this, can be controlled
by the department.. Since resumption,
however, the treasury is deprived by tie
receipts Of coin paid for bullion of like
amount of Uni;ed States n0tss, amounting
probably to seven per cent. OF the annual
revenue. Tbis.peroentsee.i gres'er..tha the
margin between the public receipts and
expenditures and wis, in time, with the
other Influences mentioned, render the
balance in the treasury fret exclusively
metallic, ard then exclusively
silver. rhst this is so glance at the
monetary operations of the Government will
show. fine annual receipts from all sources
are S27l coo 600; of this amount a, least
sd, 900 900 Is in silver dollars or In silver
certificates, that being thu minimum paid
annually for in silver dollars or in silver
certificates for silver bullion for coinage
| which amount speedily tiads ia way iato
| the treasury, the more certainly because
payments FOR bullion are made either al
New York or San Francisco, which are
both centers OF large receipts by the Cover
ment. The maximum net note receipts
are then $3.50 900, against which are the
payments Of sd. 100000 Tor government
expenditures, interest on the public debt
war and navy establishments and pensions
made in notes; or, ii made N coio, the
return decreases the note receipts 10 that
extent that the excess Of the note expea.
ditures over note receipts Is therefore Sl7,
600 600, which /. the annual decrease Of
the note balance.
From the silver dollar Coinage slone, the
treasurer says, that unless the rules OF the
New York clearing house are charged 70
as TO prevent tie payment by tie treasury
OF all or 4 certain percentage OF the bilan-
ces In silver, it may become desirable for
treasurer TO Withdraw from circulation,
which renders over thirty millions Of law
ful money In its values unavailable for
pay mepts q. New York, the point OF great,
est public disbursement.
The silver bullion on hani has decreased
during the year from 9,63i OSi to $500, :
l2i, on account Of the diff :ulty in making
purchases as prescribed in the act OF Feb
ruary 18th, 1873, IT the ms kei rate which
is held by The Department 10 be the equiv
slelt Of the London rate.
\ considerable portion OF the repor. i:
devoted 10 tee subject of resumption.
Daring the year were redeemed S6i Ia. !,
lS3 worth Of United States noe, OF al
denominations.
The total coinage OF STANDARD silver dol
lars, under act OF February 2sgh, 1873, il
SIS, 206 200, OF which smouaI So, 203 35s
ia IN the minis sDd treasury Offices, and
SIS COZ, S42 in circulation, Icing 2S$ pei
ceot. of TIE total coinage, as against
$40 go 623 in circulation ~ the same date
act year, which was % o per cent. oi
the SIS,2S2. 800 coined at that time.
Gil!rilSn expresses al opinion that the
rapid appreciation Of silver bids fair tc
solve the silver question For this prob
lem, he asys, there are indications. il pres.
eDt iGfIences continue, that il NAV attain
nearly to its former relation 10 gold, or 8,
least approach to a parity ,AereTith.