River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1881-11-10

WASHINGTON, NOV. O.-lne report OF
United States Treasurer Gilfllan, for
the fiscal year ended June 30, 1881,
shows an increase in receipts of those
for 1880, from every source:
Increase in customs, ,............S ii, 637, Gil
Increase in internal revenue. .,... II, 255, oil
Sale Of public lands. 49,. !, ls5, 356
Miscellaneous sources. .......,..... 3, III, 92e
Total increase. ........ -. 81, 255, 6sl
Which added to the net re-
duction, $6,930,070, in the expendi-
lures, makes the increase in surplus
revenues 1874, 1881.
Net revenues. .....,....... 1850, 7S2, w
Net expenditures ..,........... 260, * ~
Excess of receipts over payment. 100, 069 40i
OF which was expended in redemption
of the public debt. ............. 80, S72, 26l
The balance in the treasury increased
$48, 667 sos, or from $203, 791 ,321 at the
beginning to $252, 456, 925 at the end of
the fiscal year. The amount expended
on account of interest and premium ON
the public debt ran down from sos, 552,-
1876 in 1880, to $50 ,569, 989, reduction
of $14,982,905.
The balance standing to the credit of
the disbursing officers and agents of
the United States with the various
offices of the treasury, June so, 1881,
was 1914, 936, 307; receipts for fiscal yc&r
on account of postoffice department,
$50, 757 Co.. and expenditures, S,544,-
935; of which amounts $24, 707, 703
were received and expended directly
by the postmaster. Unavailable funds in
the treasury, $29,521. 832, an increase
since last report by reason of taking up
certain items previously carried in
cash at the close of the year. There was
held by the treasurer in United States
bonds $3.50, SOC, 900 as security for circu-
lation of national banks, and SIS, 29J, 800
as security for public deposits in national
bank repositories. During the year,
$276, 1899, 700 in bonds was deposited for
these purposes and 1927 ,527 $40 with
drawn, exceeding by far the trans
actions of any former year.
TT. S. currency outstanding at the
close of year, 1862, 539, 437; redeemed
during the year, $70,069,974 total re-
demption since the first issue of cur
rency, $1,000, 141, 073.
u. S. bonds amounting to $85, 004, $50
were retired during the year. The ag
gregate retired by purchase, redemp-
ton, conversion and exchange, from
March II, 1869, to the close of the fs-
cal year, was 81, 1888, 344 800; coupons
from U. S. bonds of the value of $22,.
997 ,667 were paid during the year, ard
quarterly interest on registered stock
and funded loans, amounting to $44,-
455,790, was paid by means Of 305, 105
checks.
National bank notes received for re-
demption during the year were $59,.
650,25 The aggregate redemption
under the act Of June 80, 1874 have
been 81 ,099, 634, 772.
Comparing the condition of the treas
ury Sept. 80, 1881, with the condition
of the same day last year, the most
striking changes are in the increase of
gold coin, and bullion, an d standard
silver dollars and silver certificates out
standing. Deducting gold certificates
the actually outstanding gold belonging
to the government, September
80, for the last four years, was
S112,602, 500 in 1875, $154, 987 81 in 1879,
$12S, 160,0S5 in 1880, and S169, $50, 546
in 1881. Gross amount of gold and sill
yer coin and bullion held by the treas
ury without regard to the obligations
outstanding against it, ranged from
$163, 500, 444 in 1873, to 1922, 807 800 in |
1879. to 214, 803, 215 in 1880, and $685. |
FOG, 99S in 1881. Increase last year,
S55,400, 600, of which $39, 10000 was in
gold, and SIG, 900 in silver The |
increase in gold was greater and in sill |
yer less last year than any year since |
the coinage of the standard silver dol |
lars began.
United States notes on hand slightly |
increased last year notwithstanding the |
urgent puplic demand for notes for cir /
culation. The amount on hand above |
the amount required for the payment |
of clearing house certificates, was /
$20,000000 against S18,000,000 one year |
ago. The practice the past year has |
been to make 10 per cent payments in |
silver dollars on certificates, 40 per cent. /
on gold coin, and so per cent on notes.
To this rule there is one important ex-
ception. Under an arrangement be- |
tween the treasury and New York |
clearing house, all payments by the |
treasury to this institution, aggregating |
1915, 600, 900 year. must be made in /
gold coin or United States notes, stand /
ard silver dollars not being receivable /
under its rules, although silver certifi- |
Gates are now being paid it by the treas
ury to some extent in large denomina-
tions, in lieu of gold coin, for use in the |
payment of customs due. Aside from |
any personal views as 10 the expedi-
ency Of reyIying silver dollars, the |
treasurer says it would seem unwise for
any branch of the government to en-
courage an arrangement By which coin, !
which the law has made fully legalten
der, is discredited.
Gross assets Of the government, In |
Guiding funds held for redemption in |
gold, silver and currency certificates,
1881, 9S1, 21O, having increased more |
than s64, 0O0, 900 last year, and is larger
than on the corresponding date in any |