Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1879-11-26
PUBLIC FIGURES,
Interesting StatfssAcs--The Treasurer's
kepOrt.--POsfmaster Generals Esti
mates, Etc Etc.

WARRINGTON, NOvep1Eer 1S.-Ihe prln
ing Of detailed estimates for the fiscal yes
ending June 80, 1881, has been completed
The estimates of the amounts required fo
expenditure under the war department q,
gregate 500, 1927, 794 for the military estal
lishment, and 81, 557 1874 for pnblic works G
various kinds, including abont $4,000, 90
for river and har5or improvements, ST. 900
900 for 6ea-cOast Notifications, $774,00O TO
Buildings in and around Washington, an,
1861, 900 for arsenals. The cost of the nava
establishment is estimated at $9&, 500, 1853
The estimates for Indian service foot III
"a ,992,S46. For foreign intercourse, 81 ,185,
1876, For salaries and expenses of cosaectort
of internal revenue, $4,075,COO. Fol-
expenses of minis and assay Offices
81 ,209,8l0. For salaries and expenses
of the treasury department proper,
1861, 672. For the interior depart.
ment proper. S2,146,774. For the deficits in
postal revenues, $7,7l2,0O0. For the cen.
| struction of new lighthouses, beacons and
fog signals, $674, 900. For new governments
buildings throughout the country, $2,247,-
O00. For judicial salaries and expenses of
courts, s3,250,000. For pensions, s32, 044 900.
For salaries and expenses of the two houses
of congress, (about) 81, 800, 600. For salaries
of the president and vice president, and ex-
penses of the executive office, $97. 1854 For
expenses of the tenth census, So, 75O, OOO
The grand aggregate of estima tes is $780,
347, 129. The total amount appropriated by
CONGRESS for the current fiscal year Yves $780,
404, 54S, whichincluded s25 1000, DOCTOR arrears
of pensions and about ST., 600, 900 for the dis.
trict of Columbia. No estimates for either
of these purposes are submitted in the book
of estimates this year. 20 a
100 TREASURES REPORT.
WASHINGTON, November Is The annual
of nit g, Teac
says the aggregate of gold coin and bullion
and of silver coin and bullion, fincluding
standard silver dollars, which being coin ed
under the act Of February %, 1873, do not
appear in statements prior to that year, is
shown to have increased from SOL 452 426 in
1876, to $114, 464 1882 in 1877, to l39,e6s, 444
in 1873, and to 1922, 807 1868 in 1879. The de-
crease in the aggregate note assets, includ-
ing credits in depository banks on other
than loan account, is shown to have been
gradual, the apparent increase in 1877 being
due to the failure of the army bill to become
law and the accumulation of funds conse-
quent upon withholding payment to that
branch of the government service. The
note assets ranged as follows, on the above
date: In 1876, S98,4l9 685; in 1877 S107,
664, 2S5; in 1878 $88, 772. 800, and in 1879 49,
500, 80. The decrease in the note balance
arises from various causes, notably
from receipts for customs and internal
revenue of coin, from the amounts
paid out in purchase of bullion for coinage
of standard eilver dollars, from the ex-
change of notes for gold and payment of
notes for foreign gold received at the assay
Office in New York, from the purchase of
gold bullion with notes and payment of in
terest of the public debt in United States
notes, and from the payment of arrears of
pensions. The most constant influence in
IF r,0fo ho1o 10 = of
which proceeds from the purchase of silver
bullion for coinage, thereby depriving the
treasury of an equal amount of notes re-
ceipts. all the above mentioned causes of
diminution except this can be contro led by
the department. Since resumption, howev-
er, the treasury is deprived by the receipt of
coin paid for bullion of like amount of
United States notes, amounting probably to
per cent. of the annual revenues. This
per csntage is greater than the margin of
public receipts and expenditures, end will
in time, without the other influences men
toned, render the balance in the treasury
first exclusively metallic, and then exclu.
sively silver. That this is 30, glance al
the monetary operations of the govern
ment will show. The annual receipts
from all sources ere 1874, 100000. OF this
amount at least24 ,0OO, 900 is in liver dollars
or in silver certificates, that being the mini
coinage, which amount speedily finds its
| way into the treasury-the more certaiBly
because payments for bullion are made
either at New York or San Francisco, which
are both centres of large receipts by the
government. The maximum net note re-
ceipts are then $25D,0O0,000 against which
are payments of 1857 100000 for general
expenditures, interest on the public debt,
war aud navy establishments and pensions,
| do in 10 in nin itS rot II
decreases the note receipts to that extent.
The excess of note expenditures over note
receipts is therefore S17,000,000, which is
the annual decrease of the note balance
from silver dollar coinage alone.
The treasurer says that unless the rules OF
the New York clearing house sre changed
so as to permit the payment by the Treasury
of all or certain percentage of the ball
ances in silver, it may become desirable for
which renders over $30,N0,L09 of lawful
money in its vaults unavailable for payment
at New York, the point of greatest pnblic
disbursement.
The silver bullion on hand has decreased
during the year from $9, 634, 034 to $780,
1924, on account of the difficulty ia making
purchases as prescribed in the act of Fesru
airy %, 1878, at a market rate which is held
by the department to be the equivalent OF
|
A considerable portion of the report is
devoted to the subject of resumption OF
specie payments and refunding operations
| During the year there were redeemed
$64, l07, S33 worth of United States notes OF
| all denominations.
The total coinage of standard silver dol.
lars under the act of February %, 1878, is
sac, ZOO, 200, of which amount $50, 2o3 1853 is in
the minis and treasury Offices. and $13, Coz
842 in circulation, being 2SA per cent. OF
the total coinage, as against 81. 622. 623 IL
circulation at the same date last year, which
was 26.9 per cent. of $1S,282,500 coined al
that time.
Treasurer Gilfllan expresses the opinion
that the rapid appreciation of silver bids
fair to solve the silver problem for this
country. He says there are indications
the present influences continue that it may
attain nearly to its former relation to gold
or at least spproach to parity Herewith
FosToFFICK MATTERS.
WASHINGTON, November 18.-The ANNA
report of Postmaster General Key is made
public to-day. A large portion OF it is de
| voted to the presentation of statistical in