The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1880-11-23
WASHINGTON.
Reports of the U. 8. Treasurer and the
Commissioner of Pensions-Other
Notes.

1GpOGES Oh the W -. treasurer ana Lnt
Commissioner of Psnsions-other
Notes.
| WAsHINGToN, Nov. % From the
annual report of United States Treasured
Gllhlan, it appears that the receipts o
the government compare very favoraby
with the previous fiscal year and show ar
increase from customs, internal revenue
and sales of public lands of $59.Sll. sos,
and decrease in those from miscellaneous
sources of only $ll2.O79. The expendi-
lures show a slight increase of $695 ,074 10
aggregate as compared with the previous
fiscal year, caused by the increase of
1923, 395.040 10 payments on account oil
the interior department, but show a
decrease of $2l ,699, 965 ia expenditures
for interest and premium on the public
debt on civil 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, 1879, was
| SAT-. .223,7S7. The receipts during the
year from all sources amounted to $I94.
O78 ,24l, and the drafts paid to sos, 100,
| $50. For deducting receipts property
refunded aud outstanding drafts there
was subject to draft at the close of
business June 30, 1880, $204 ,6S3 $40,
which differs from the debt statement
by So. 3.595, ,2l5. which is explained 10 the
appendix. The business OF the govern
ment involved the transfer during the
year of 81 | ,053 367 .0S2. the greater portion
| through the medium Of accounts Of this
Office and the remainder by actual trans
portation of funds Fifty eight national
banks were organized during the year
Five failed and twenty one went into vol
untary liquidation, leaving 2,l02 doing
business. The amount collected from
national banks by the Treasurer of the
United States for semi annual duty accru-
ing during the year was S., ,59I no, The
total amount collected during the existence
of the national bank system is 500. 36l,-
400, This report enbodies statement Of
the liabilities and assets of the Treasury
for the years 1877. 10, 80, from which it
appears that gold and silver coin and bull
lion ranged from $ll4. .464 PS2 iu 1877. to
$l63, ,969 ,444 in 1878, to 1922 S01, 1868 in
1880, The decrease of $S,500,O00 be-
tween 1879 and 1880 is represented by the
reduction in the gold of $34 900, 600 and
on hand. The influences tending to the
decrease of the gold balance have been
prim arily the scarcity of notes. compelling
the payment of a daily balance to the New
York Clearing House in gold coin. There
has been but a small amount of
United States notes aud gold certii-
Gates presented for redemption in
gold coin. There has been dur
ing the year an increase in silver
coin of $l5.977. go in standard dollars.
81, TAG, ,994 IN fractional silver coin, The
note assets, including balance due from
depository banks have decreased from
$l07 Sc, ,2S7, in 1877, to $93 All, ,2S2 in
1878. to $63, ,926. .653 10 1879 and to SAL
4O2 3l4 in 1880. The steady increase the
Treasurer says, is due in great measure
to the withdrawal of notes caused by the
presentation of clearing house certificates
for redemption, the amount of these certi-
fcates outstanding having been reduced
from $3l $4,000 in 1879 to $a9T5,000 in
1880. Another reason for the smallness
of the note balance, Gitillan adds, may be
found 10 the falling eff 10 the note receipts
the revenues of the government being now
largely paid in coin ard silver certificates,
From tables of the assats and liabilities of
the government for Nov. /, 1879 and Nov
/, 1880, it is shown that on Nov. /, 1879.
there were $3.50 047 ,044 and on Nov. |,
1880, there were $l4l .597,0l3 81 available
for resumption, The amount of gold coin,
aud bullion 10 the Treasury Jun. !, 1879,
the date of the resumption of ispecle pa,
ments, was $l35 ,3S2 639, land at this date
[Noy II it is $404, ,725, ,Q52, and in addition
there have accumulated in the Treasury
$I7,OB4 459 in standard silver dollars. The
redemption Of United States notes in gold
since the resumption of specie payments
have aggregated $ll,963 1856. Since the
order Of sho department of Jan /. 1879.
authorizing the receipt of United States
notes for custom duties. there have been
received on that account $l42 323, ,60l
The total coinage OF standard sirer dollars
under the acl Of Feb 2s. 1878, has been
9T2, 347. $50. Oi this amount SAT. 5S8,A06
are in the Treasury and in the nints. and
$25, ,259, GA, being mere than 32s per
cent Eof the coinage are in circulation.
The Treasurer instances the banks which
have reduced aud forthwith increased
their circulation to the former amount,
with the avowed object of relieving them
selves from the trouble and expense Of re-
deeming their notes through the redemp-
ton agency as required by law, aud says
it is plain that such transactions as these
are not within the spirit OF the act Of June
20. 1874. That act authorized the de-
posit of legal tenders by any national bank
desiring to withdrew its circulation in
whole or ia part, a wish TO surrender
circulation with a reserved Intention
Of taking out more &C once or as soon
as fall in bonds shall make the trans
action profitable, is not subject TO
such desires to Withdraw eircuiaiion as
The law contemplates. Il could neither
have been intended nor expected that the
law would bec2ms the IN cans of enabl0g
banks TO operate iu securities of the
government deposited to secure the
redemption of their notes, or to throw
upon the United States or other banks of
the country the expense OF redeeming
their notes while maintaining and enjoying
the full circulation to which theiaw entities
them.
The annual report of the commissioner
of pensions shows that on the 30th of june
last, there were 250, ,S22 persons receiving
pensions from the government, The anuu-
al pensions average $l03. an aggregate
| for all 0! $25, 1911 ,9u6. exclusive OF arrears.
The payments for the year amounted to
$37,046 lS5, of which Si2 .468.l9i was
accrued pensions IN new eases, The total
amount paid out for pensions dufiug he
year vas S57. .026. 994, CJnimissionor
Benily estimates that il will require
upwards OF $50 100000 to ray peusicus
Tor the current year. The nun Der Of eases
in which arrears of pensions has been
allowed up to Nov. ! the date OF the
report, is 43,9I7. The ayerags in each
case is $500. A table is given, showing
IL rnmhar of pensioners horne ON tEe