Morris tribune., 1880-12-02

of improvement in sums varying from $500 to
$4,000, aud for surveys and examinations
with n view to improvement of 144 localities.
In relation to the Whitaker case the tecre-
tary says: 81 have RETAINED from comment
ing upon the unfortunate agitation which flow
ed from an alleged assault upon Q colored
cadet at West Point academy in April last. for
the reason that in some of its legal aspects the
subject is still under consideration" In con-
olusion Secretary Ramsey recommends that
provision be made by Law for the appointment
of an assistant secretary of war.
Report Of the Secretary ofthe Treasury.
WASHINGTON, NJS. 22,-Fr ON the annual
report of the United States treasurer it ap-
pears that the receipts Of the government
compare very favorably with those Of the
previous fiscal year, show an increase from
customs, internal revenue aud sales of public
lands of $50. 81 sos, and decrease in those
from miscellaneous sources Of only $l12,-
O79. The expenditures show slight in
crease of $685., 074 in the aggregate as COM
pared with the previous year, caused by
the increase of $50, $4,000 in payments on
account of the interior department., but
lures for interest and premium on the pub
lie debt, on civil and miscellaneous
accounts. and for the war and navy depart
ment. The balance of the public money on
deposit in the treasury, and subject to dra fl
at the close business, June sc, 1875, was $4l7,-
223, 1877. The receipts during the year from
all sources amounted to $474O7S, 244, and
the drafts paid sos, 190, 800. After deduct.
ing the receipts properly ref lnded aud out
standing drafts, there was subject to draft at
the close of business June 80, 1880, $780,
6S3, 9S6, which differs from the debt state
ment balance by 1885, 2I3, which is ex-
planned in the appendix. The business of
the government involved transfers dur
ing the year of $l1 ,0l3 1857 OPS, the greater
portion through the medium of accounts
of this Office, ard the remainder by actual
transportation OF funds. Fifty eight national
banks were organized during the year, five
failed and twenty, one went into voluntary
liquidation, leaving 2,1O2 doing business.
The amount coll, ctSd from national banks
by the treasurer OF the United States for
semi annual duty aecruing during the year
was 1881, TO. The total amount collected
during the national bank system is $780,
Sol, 4l9. The reports embodied in the state
ment of liabilities and assets of the treasury
| for the years 1S17-7S-79 and 1880, from
| which it appears that gold and silver coin
and bullion ranged from $114, AGA, 1882 in
| 1877 to $163, 969, 444 in 1873, to 1922 ,807,-
36S in 1879 and 1914, 303, 215 in 1880.
The decrease of $S, SOC, 900 between 1873
and 1880 is represented by the restriction in
the gold balance of 1874 100000 and the in
! crease in silver coin and bullion on hand
The influences tending to the decrease of the
gold balance have been primarily the scarcity
of notes compelling payments of the daily
balance to the New York clearing house il
gold coin. There has been but a small
amount of United States notes and gold Ger.
tifcates presented for redemption in golG
coin. There has been durins
the year an increase in silver coin o.
1897, $40 in standard dollars, and of ST.,
S49,994 in fractional silver coin. Note
The assets, including balances due from de
pository banks, have decreased from $107,
664, 2s7 in 1877, to $93,417,2S2 in 1878, L
$63.926, 653 in 1879, and to $40, 400, 34S il
$780, The steady decrease, the treasurer
says, is due in q great measure to the with
drawal of notes caused by the presentation
of clearing house certificates for redemption
the amount of these certificates outstanding
having been reduced from So 1886 OO'
in 1879 to $9,975,000 in 1880. Another rea
son for the smallness of the notes balance
Mr.. Giltillan adds, may be found in the fall
ing off in note receipts, the revenues o
the government being now largely paid il
coin and silver certificates. From the table
of assets and liabilities of the government
for Nov. 1, 1880, it is shown that on Nov.
1879, there were $151 ,O41, O44, and on Nov
l, 1880, there were $14l, 597 ,0l3 81 ayailabl
for resumption. The amount of gol
coin and bullion in the treasury Jan.
1879, the date of resumption of specie pay
ment was $135, 1872 ,639, and this date, Nov
l, it is $40, 725, 1852. and in addition Their
have accumulated in the treasury $47,OS4
459 in standard silver dollars. The redemp
ton of United States notes in gold since tn
p resumption of specie payments have aggre
MATED $11, 1868, 1856. Since the order of til
department of January, 1879, authorizin
the receipt of United States notes for Gus
tom duties, there have been received on tina
account $142, 1923 ,601.
The total coinage of standard silver do
lars under the act of February 90, 1873, ha
been $72,947,7 $50. OF this amount $47, 538
LOG are in the treasury and in the mints, an
$25, 259 ,644, being more than 81 23 per cen
of tho coinage, are in circulation. Th
treasurer instances banks which have re
duced and forthwith increased their circult
. tion to the former amount, with til
, avoEed object of relieving themselvs
from the trouble and expense of redeenin
their bonds through the redemption agenc
as required by law, and says it is plain thu
such transactions as these are not within til
spirit of the act of June 20, 1874. That a.
authorizes the deposit of legal tenders b.
| any national bank desiring to withdraw il
circulation in whole or part. A wish to gu
, render circulation with the reserved intentio
e of taking out more at once or taking OF
.. as soon as the fall in the price of bono
shall make the transaction profitable is no
it is submitted, such desire to withdra
Z circulation as the law contemplated.
d could neither have been intended nor {.
i pected that the law would become means
| enabling the banks to operate in secureti
0 of the government, or designed to secure I'll
: redemption of their notes, or to throw upc
: the United States or other banks of the coul
1 try the expense of redeeming their note
e while maintaining and enjoying the free Ci
Q culation to which the law entities them.
PENSIONS.
The annual report Of the committee (
4 pensions shows that on the Both of Jul
!, there were %, 0s2 persons receiving pensio
!. from the government. The annual rensio
d average $103, an aggregate for all of 1921
l. 271 1906, exclusive Of arrears. Payments f
l. the year amounted to $37, 046, 185, of viii
d $12,46S,1 91 was accrued pension in NJ
cases. The total amount paid out for Pc
: sions during the year was $5
= O26, 1894. Commissioner Bently estimat
q it will require upwards
70 $50,OO0,OO0 to pay pensions for the cure
10 year. The number of cases in which arrea
l. of pensions have been allowed up to Mover
q Der /, the date of the report, is 43,907. I'll
e average in each case 10 $3.50. A table
!. given showing the number of pensione
a gone on the rolls ct the end of each fist
e year, 1861 to 1880, and the amount paid O
}, for pensions each year. The total amou
n for twenty years is $455, 718, sos.
Postmaster Generals Report,
lel WAsHINeToN, Nov. 23.-The annual report
o the postmaster general is made public. 1t beg
r. with the remark by Maynard that as he to
rs charge of the department only on the 25th
y August last he speaks of it Historically and