The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-19
Report Of Treasurer Giltillan
Condition Of the United States
Treasury.
The Effects or the Resumption o,
y Specie Payments Coinage
OF the Silver Dollar.
How The Silver Question viii BE Solved
Other Financial Matters,

WARRINGTON Nov. ~ The report of
United states Treasurer GIihllau, made pub
lic to-day. speaks of the fiscal year just ended
as one characterized ny great transactions In
connection with the refunding oI the war
loans, and with the resumption of specie pay
ments, after suspension OF seventeen years
The report shows that the aggregate of gold
coln bullion and silver coin and bullion. In
cIudinR standard silver dollars In the treas
ury, has Increased from $Gt, th2,ooo IN 1876 TO
s1ta.4e4 900 In 1877 to sle9aea 900 IN 1873, and
to S222, ,s0T 900 III 1870.
THE decrease IN the aggregate note na1ata
Including credits In the depository banka on
other than loan acrounta, has decreased from
4aS 4fp 600 In 1876 TO 4a91 ,TT20o0 In 1sTa and TO
Shp.sppNO0 In 1sTa The most constant in
ftueHre iii the decrease of note balance II that
which proceeaa from the purchase Of silver
bullion Tor coinage since specie resumption.
The treasury has been deprived wv the receipt
uf coin paid for bullion ON United States
notes, amounting probably to I per
cent OF the annual revenues. lha
percentage Ia greater than the margin be-
tween the public receipts and expenditures,
and apart from other Influences ~ would III
time render the balance In the treasury first
exclusively metallic and then exclusively
silver THIS decrease of notes In tho treas
nry will continue until the limitation of or
cessation Of the present dollar coinage. The
tha year from 80 G14, 600 tn "a, ,2Hn. 600.
The statement of aaseta ani liabilities of
the government. October 81, 1870, shows the
following aggregates; Asaeta.. $214s6f ,5i4.
liabilities si23 800 a3n. amount allowed for re-
sumption Sihl ,oilMi
At the rlose of the tiaca year ts7n the az
greqate amount of United States notcs IN cir
eulation was $3if ,Gsl ,non Of such notes of all
denominations there were Tedoe Ncd during
the year S64 100000
The total coinage Nf the standard alver
dollars is &15 n0n, of which amount S32.
100000 were In the ntnts and treasury offices
and $ta 0a2, 600 In circulation, the latter being
2ss. per cent of the total coinage. "a aEainat
DO A.iu per cent af the total coinage Ia cirru-
laton al the came date last year
Treasurer Giihtlan says the rapid appre-
citation of silver bids fair TO solve the silver
problem for this country, and he expresses
the opinion that If tho present Influences con
tinne In operation silver may recover nearly
ite former relation to gold.
Accompanying the reports arc tho state
ments OF tho assistant treasurera at Boston
and New York. showing the transactions Of
their respective offices.
REPORT or THE r0srMa asrrR GENERAL.
WASHINGTON, Nov. la.-The report Of the
Postmaster General was made public to-day.
lt shows that the total receipts of the Foat-
office Department for the fiscal year ended
June 30 1870 were S3nna2 900, and the total
expenditures S33 4in.nOn. excess Of cSpendi-
lures over reeetnts, 81 4oi.n00. The espendi
turea were SSnt ,20n less than laHt year, aud
the receipts S76i 4G5 greater The estimates
for the fiscal year ending June 30, 1881, chow
deficiency to be provided for IVY appropria-
tion of $1,iin0n0 Tho estimatea for atar aer
Vice for the next fiscal year contemplated
largely increased mail facilities In tho States
of Kentucky, South Carolina, North Caro-
lima, Tenueaaec, Georgia, Florida. Mis
siEsppi and Alabama rhls service has
already been advertised, contracts TO be-
gia July |, 1880. The Postmaster Gene
raj recommends the enactment oi law
authorizing contracts for carrying mails
between the United States and West Indian
and South American ports III American built
steamers carrying the American flag alta tiNei
maximum and mtntmutn priec. thn allount
to be expended Doing regulated hy the All
nual appropriations Tha policy, he thinks
would enabp the United States tu control A
profitable 1pmmerce with those countries
now almost monopoliSed BY Great Britain
The report shows that the number Nf post
Offices now In operation IN 40 So, an increase
Of 1897 over last year. The total number Of
employees in the service Of tho department ia
b6s4i Tho total number of mail routes IN
operation Ia 1885, aggragaitug III length
3lG.Til miss. increase IN total length Of
routes over last year, A,fi' miles. The total
number of money order Offices t5l2. Increase
over last year. 36a