The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-11-23
NATIONAL FINANCES.
Annual Report OF o. 5. Treasurer
GIllIlau.

WASHINGTON, D. O., November o.
From the annual report Of United State
Treasurer Gilfllan 1t appears that the re
ceipts oi Government compare very favora
bly, with those Of previous fiscal years
and show an increase from customs, Inter
nal Revenue and sales Of public lands o
$59, sos, and a decrease in these from
miscellaneous SOURCES Of only Sll2.079.
The expenditures show slight increase
OF $685., ,074 in the aggregate as compared
with the previous fiscal year, caused by
an increase Of ::soo, ,9e5. .040 in payment on
account OF the Interior Department, but
show decrease OF s2 609,965 In expendi
lures for interest and premium on the
public debt, on civil and miscellaneous
accounts, and for the war and navy
department.
The balance OF public money on de.
poslt In the Treasury, and subject TO draft,
at the close Of business, June SOlh, 70.
was $4l7, ,22S, ,7S7. The receipts during the
year, from all sources, amounted to Sl9S.-
57s,2il, and drafts paid, SOS. 100, 800,
after deduoting the receipts properly re.
funded and outstanding drafts, There was,
subject to, draft At the close Iof bust.
ness, June 30th, 1880, 500, ,6S3 ,S26, which
differs from the debt statement balance
by $685. which is explained in the
appendix. The business OF the Govern.
ment involved transfer during the year
Of $ll l,05S, ,357 ,0S2, the greatest portion
through the medium Of accounts Of this
Office and remainder by actual tranSpor-
tation OF funds. Fifty.eight National
banks were organized during the year;
FIVE failed and twenty.one went into volun.
tary liquidation, leaving 2,l02 doing
business. The amount collected by the
Treasury OF the United States for the semi.
anual duty aecruipg during the year, was
81, ,59l,770. The total amount collected
during the existence Of the National
Bank system is SlO0, 1851, 1859.
The report embodies statement OF the
liabilities and assets Of the Treasury for the
years OF 1877, 1878, 1870 and 1880, from
which 1t appears that the gold and silver
coin and bullion ranged from Sl14 ,404 9S2I
in 1877 to Sl63, 969, ,444 In 1873 to S22222 S07,-
1858 in 1879, and to s2l4,903,2l5 in 1880
The decrease OF SS,50O,0 ,0O9 between 1870
and 1880 is represented by reduction in
the gold balance OF S34 000. 600, an ] an in
crease In silver coin and bullion. The in.
Iluences tending to the decrease Of the gold
balance have been primarily the scarcity
81 notes and Of compelling the payments
of the daily balance TO the New York |
Clearing House in gold coin. There has
been during the year an increase in silver
:oin OF Sl50.957 $40 In standard dollars,
md Of 81, ,S49, ,994 in fractional silver coin
The note assets, including the balance due
rom the depositing banks, hsvedecreased
rom Sl07, ,664, ,2S7 in 1877 to sos, All, ,2S2 in
1878, to SOS. .926, ,65S in 1879 and TO S+42 ,40S,-
ia in 1880.
The steady decrease in business, the
says, is due in great measure
o the withdrawal Of notes caused by the
presentation Of clearing house certificates
or redemption. The amount of these cer-
ificates outstanding has been reduced |
rom SSl 1886, 900 in 1879 to s9,975, 900 In
$50. Another reason for the smallness
II the note balance, Mr.. Gilfillan adds,
nay be found in the falling of in note re.
'eipts, the revenues Of the Government |
icing now largely paid in coin and silver
certificates.
FROM taDIeS OF assets ana Ilaolline6
II the Government for November l, 1870, |
md November !, 1880, 1t Is shown that on
November l, 1879, there were Sl5l, OH, ,044
md on November l, 1880, there were Sl4l,.
'97 ,0l3 OF available for resumption. The
mount OF Government coin and bullion
n the Treasury, January !, 1879, the date
II the resumption ofspecie payments, was
1888, ,SS2, $3.50, and at this date, November
), it is sl40, 725, ,952 and in addition there
lave accumulated in the Treasury S47,-
lS4 ,459 in standard silver dollars.
The redemption Of United States notes,
n gold, since the resumption OF specie
have aggregated Sll,969,836
Since the order OF the Department OF Jam
lary l, 1879, authorizing the receipt Of
United States notes for custom duties,
here have been received on that account
;l42, ,S23,6Ol.