The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1880-12-03

TUE ANNt'NL STATEMENT CONCERNING THE
BUSINESS or THE GOVERNMENT


nual report of United States Treasurer
Glliillan was submitted TO Secretary
Sherman to-day He says;
The receipts of the government com
pare very 1ayorably with those of the
previous fiscal year, and show an increase
from customs, internal revenue aud sales
of public lands Of S59,sl1 sos ~. and a
decrease in those from miscellaneous
sources of only Sll2,079.2G. The expen-
ditures show a slight increase of $685.
07425 in the aggregate as compared
with the previous fiscal year, caused by
an increase of $22,39j, ,04O.0G in the pay.
ment on account of the Interior Depart
mcnt, but show n decrease Of S21. 1.699,-
96j.Sl in the expenditures for interest
and premium on the public debt, on civ
il and miscellaneous accounts and for
the War and Navy Departments The
balance of public money on deposit in
the Treasury and subject TO draft at the
close of business June 80. 1870, was
S4l7,223,7s7.0S the receipts from all
sources during the year amounted to
S4o4,57S.24l.20, and the drafts paid to
SOS, l90, ,90O.76. After deducting re
ceipts properly lyrefunded and outstanding
uralts there was, SUBJECT to draft at the
close of business June 30, 1880, S2Ol,.
6S3, S36.3i, which differs from the debt
statement balance by S3,j05,213.4G,
which is explained in the appendix. The
business of the government involved the
transfer during the year of $l,Oj3.357,-
OS222, the greater portion through the
medium OF the accounts OF this Office
ana the remainder by actual transportl-
uoh or the funds. At the close OF the
year S2S'o6l' '29O.93 stood to the credit
OF dlsburslng agents OF the United States
upon the books OF the Treasurer. The
amount subject to draft June 30, 1879,
on account OF lhe postal service, was
oZ'ooV,f ". he receipts during the
year. including the amount paid from
the treasury tor the deficiency in the
postal revenues were 35,dol,slO.29.
OF whlch S26'OlS,262,l6 was received
ana dlSDursed by postmasters without
| having been deposited III the Treasury
Aiter deductlng deposits refunded and
outstanding drafts there remained sub
Ject TO drait June 80, 1881, S2,3I5,I2I.-
VI Inc tolal unavailable funds have
no. increased curing the year Oy loss or
| detaIcatloh, b"t remain unchanged AT
e-7'olZ,Zoo' 80 Tor the treasury at $40,
U.S'oo Tor the Post Once Department.
rHty-elght national banks were mgani-
|ed during the year, i,ve failed and
| lWehty-one went INTO voluntary Ilqulda-
uoh' leaving 2,lo2 dong business at the
close OF the year. from tables OF the
assets ana liabilities OF the government
Tor November !, 1879 and November
/, 1851 IL Is SHOWN that on November
l. lo''' thefc were Slol,o4' ',o4i.2i and
on November /. 1850, there were 81 l.
oo''olo'oi available 1or resumption. The
amount OF gold com and bullion in the
treasury January /, 1879 the date OF re-
SUMPTION OF specie payments, was Sl35,-
oZ,ooo4Z ana at TINS date-NOvember
lit Is Sl4o,I25,952.74, n gain Of so
oio,ol3'32, ana IN addition there have
oeeh accumulated III the Treasury Si7,-
Vot'4'' IN standard silver dollars. The
redemption OF United States notes in
%oid since the reSuTaptlon OF specie pay
hiehts nave aggregated Sll.963,336.
Ii''ce 'he order OF the department OF
January J, 1879, authorizing the receipt
OF Ohi'ed states notes Tor custom duties.
thcre have been received Oh that account
Sl4Z 'o23,0Ul. The refundlng operations,
lle report says, virtually ceased IN Sep
leilper' 1917, by the closing of the loan
accounts with depository banks, though
'hc conversion "f $40 retundlng certii
cafes or l9O' Stlll continues. The re
ceiPtS INTO the Treasury on account OF
iile nNe per cent funded loan of 1881. Of
,ie lour ana one-halt per cent funded
loah OF io9l ana OF the four per cent.
co'soiS ol iSo' TO october 81 1850, ag-
gregate' principal and interest, Sl,6l4,
o4o: iooVo' when were deposited in de
p"N''''! p"iNS ana at the various sub
irTaSur! oiiices'
l'unng the twelve month Just ended
G'I2o' ~. standard silver dollars and
lo'l '',oi "olIars III silver certificates
entered INTO circulation OF the country
OF an average or l,O2l 400 standard dol
iaIS ana i''l4'ooo dollars silver ct'rtlti
catcS eaci month. In addition To- tine
U."'Ii'! lhlluehces winch facilitate sht
diS'riouuoh ol standard silver dollsly.
."' uen'olc'r"aIioh ny the people oi tli,
La, ,.,..,,,.,,.l 'iNV V' "oiL'i
mas created a" extensive demand for the
new ""IIar III mat quarter Were the
I'ue uolIar 1 Wilhdr3wn from circulation,
W wv. . ""''G '"'e'' AZ lis bullion value
,''''S more Sl''er standard dollars would
"' " required y ior circulation IN New York
"Ia I; l. ! ',ilaaelPhia' ana IN other places ii
"'',' :ne ,I''e uo'''tr Is now III uS'
"S otu"'a.'"s rheuiuln' much to tho
''I'a ''''..SS VI pu'''oi' dealers who pur
o."Se .. o@ ''"''e "o'i'''S Where they are rated
At ~ Genus ana sell them at an advance
w. ~, r"'..'S III ln'ce' where 'hey circulate
~ ',',i, I''.e I'''uc'
N.,.L''i.I H"uS.tlcl"olG space Is devoted to the
Greatly durinr the fscal ,na, H." "