Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-11-23
The United States Treasury-Ncceipts of
,r,e Coyer;,r,eu4 and EsxueuditureS

The United States ACKNOWLEDGEMENTS OF
the Government and Expenditures.
WASHINGTON, November 22d.-From the
annual report of United States Treasurer
Gillian, it appears that the receipts Of the
Government compare very favorably with
those OF the previous fiscal year, and show an
increase from customs, internal revenue and
sales of public lands Of $50, 81, 800, and q
decrease in those from miscellaneous sources
of only $112,079. The expenditures show q
slight increase of $685., 074 in the aggregate,
as compared with the previous fiscal year,
caused by an increase of $50, 500, 040 in pay.
ments on account of the Interior Depart
ment, but show decrease of 81 500 965 in
expenditures for interest and interest and
premium on the public debt, on the civil ard
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 S494, 57S,-
241, and the drafts paid to S10S, 100,
$780, After deducting receipts, property
refunded and outstanding drafts, there was,
subject to draft, at the close of business June
80, 1880, S204 $50, S36, which differs from the
debt statement balance by So, 595, 213, which
is explained in the appendix. The business
ing the year of 81, 053, 357 0S1, 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 ana twenty-one went into voluntary
liquidation, leaving 2, 102 doing business. The
amount collected from national banks by the
Treasurer of the United States for semi.an-
nual duty accruing during the year was
81, 591, no. The total amount collected
during the existence of the national
bank system is S100, 36l, 469. The report en-
bodies statement of liabilities and assets
of Treasury for the years 1S77S9 and 1880,
from which it appears that the gold and
silver coin and bullion ranged from STA, 464,
$50 in 1877 to S163, 500, 4i4 in 1873, to 1922.
S07, 1868 in 1879, and to S214 303, 215 in 1880.
The decrease of IS, 500, 600, between 1879 and
1880 is represented by the redu ,tion in the
gold balance of S34. 600, 900 and in 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 New York Clearing Houses in
gold COIN There has been but a small
amount of United States notes ard gold GER
ti6cates presentation redemption in gold coin.
sThere has been during the year an increase
in silver coin Of s15, 977,9 go in standard dol
lars, and of 81, S49, 1894 in fractonalsilver CON-
Note assets, including balances due from de-
pository banks have decreased from S107,-
664, 2S7 in 1877 to 1913, Al, 2S2 in 1873, to
500, 926, 653 in 1879, and to S42, 40l, 314 in
1880. The steady decrease, the Treasurer
says, is due in great measure to a with
drawal of notes caused by the presentation
of Clearing house certificates for redemption,
the amount of these certificates outstanding
having been reduced from S31, S35, 900 in 1879
to 50, 975, coo in 1880. Another reason for the
smallness of the note balance, Gilfillan adds,
may be found in the fallingof in note receipts,
the revenues of the Government being now
largely paid in coin and silver certificates.
From tables of assets and liabilities of the
Government for November l, 1879, and No
vember l, 1880, it is shown that ON Novem-
Der l, 1879, there were S151, 047, 044, and on
November l, 1880, there were Sl41, 597, Ol3 81
available for resumption. The amount of
gold coin and bullion in the treasury January
/, 1879, the date of resumption CT specie pay
ments, was s135, SS2, $50, and at this date
November y it $40, 725, 952, and in addition
there have accumulated in the treasury SAT,
0S4, 459 in standard silver dollars. The re-
demption of United States notes in gold since
the resumption of specie payments has aggre'
gated 81, l96, 1886 Since the order of the
Department of January l, 1879, authorizing
the receipt of United States notes for customs
duties, there have been receiged on that &C
count Sl42, 1913 COL.
The total coinage of standard silver dollars
under the Act of February %, 1878, has
been 81, S47, $50. OF this, SAT, 5SS, LOG is in
the Treasury and in the mints, and S25,-
80, GA in circulation. The Treasurer in
stances banks which reduced and forthwith
increased their circulation to the former
amount, with the avowed object of relieving
themselves from the trouble and expense of
redeening their notes through the redemp'
ton agency, as required, and says it is plain
that such transactions are not within the
spirit OF the Act of June 20, 1874.
California School Lands-An Important
Decision.
WASHINGTON, November 22d.-The Score.
tary of the Interior to-day rendered decision
of wide application and large Importance IN
the matter of the adjustment of the Califor-
MIA school land grant, as regards indemnity
selections certified prior to March l, 1875.
In this decision Secretary Schurz holds that
only defective or invalid selections, made IN
lieu of actual losses or deficiencies, and selec-
lions made Ia lieu of the sixteenth and thirty
sixth sections, alleged by the State at the
tine Of selection to be lost in Mexican grants,
but which since March l, 1877, have been or
may hereafter be found, Hpen the final sur
veys of such grants, or by approved pub
lie surveys, not to be so lost to the State,
are confirmed by the Act of March l, 1877,
commonly known in California as the Booth
bill that no more than one section 1.-THE first