The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1881-11-18

Cilnlan FOR he hscai year ended June %,
1881, shows an Increase In the recsipts over
those for 1880 from every source. Increase
IN customs. <li.o3..c il internal revenue,
$ll ,sa5O OH: sale 81 pubic lands. II. iS, aa6;
miscellaneous sources. 50. ~; total in
crea-c, ~. "a. 0>i. which, added a the net
reduction 81 <;.sjo,u7p In expenditures,
makes an increase Ia the surplus revenue %
$34. 1s5. 75I.
The ne, revenues were $3.50, 7s2. 2o2. and
the net expenditures. ROO. s,Sss. The ex-
cess az the receipts over payments was
SO. 00o. foi. Of which svl.Si2 s5l was ex-
pended In tho redemption of the public
debt.
The balance In the Treasury increased
SIS uGs 1918 from >2O3, NJ ~ Al the begin
ming 20 S252 .i5>,a25 al the end o. The fiscal
year. The amount expended on account %
interest and premium on The public debt
f. ran down from >is. ,52. Su3 in 1850 "a ssj.-
< b11.n reduction a sl4.vS-,v3. The
h baIaucc standing 70 the credit " d!sbur~ing
officers and agents Of the United staics with
4 various officers Of the Treasury June ~,
\ 1851. was IA. sa0. 3ps.
lie receipts for the fiscal year on account
\ Of the Post -oflce Department WAS 80. .51,-
\ CGi. and the expenditures. s3s ,54i 49,. %
which amounts ~, so2. ~ were received
y
The unavailable funds IN the Treasury
amount 10 San,5.l t:j2. nm Increase since The
last report, d, reason a taking up certain
items previously carried IN cash. AZ the
close OF the ycaftheFc Wa held ny we lreas-
urrr ID United States bonds, :JD5. y9.3w
rs security Tor the circulation 81 National
banks and <l5. ~. 500 a. security for pubic
tlepo>itS ia National Bank Repositories.
During the wear $40, 80. 100 In holi'Is was
depv>l cd for these purposes, and ~. s,'z',-
800 Withdrawn, Xcteuinc 10y far the n >ls-
actions OF any former yrar.
The amount OF United States currency
ouiiiandlng al the close 81 the year Na~ 49,
On. 49,; redeemed during the year, ssl,pr9..
Oil. Total redemptions since hrSt issue Of
currency. $500, lf1,vs5
Comparing the condition OF the Treasury
. September 81, 1881. with the condition the
same day last year, the most striking
changes are the increase Ia gold coin and
Z bullion and standard silver dollars on hand,
: and ia silver certificates outstanding. De-
duc,ing rosi certificates actually outsiand-
Ing. the go'a brlonging 70 The Government
September 30. the last four wears. was ILL.,
z Ill. G:sa in ISIS. 1851. NSs.37i n iSsa, sl-s.-
: III, 0s5 il 1851, and <lJy 30, s+6 ~ iosl.
q The gross amount u go.u aud SILVER coin
n and bullion held By The Irra<try, without
!, regard 10 obligations outstanding against ~
ranged from slt3. a6o.4t4 iii 1875 " <221, ;
y ~. 3,S in 1879. 10 >.ii,s'3.2la IN 1881, and
y SA,s. 40. YsS ID 1851. The increase last year
Il was s15,4.u.uuu. ~ which NV, ivv,yvo Was IN
i gold. and <i6.2o ,ooy In silver, Inc increase
!. III gold was greater and IN silver less itst
/, wear Than ANY year since the coinage Of the
7, standard silver dollar began.
y The United states notes on hand slightly
!. increased last year, Notwithstanding me
q urgent public demand for notes for circ'iiA-
i ton. The amount on hand above The
y amount required for payment Of clearing
!. house certificates y <.'sOvv,ooV against }Aos
~ OOJ.OoJ year ago.
Y The practice the past year has been q
- make 10 per cent. OF All payments n siive
i. dollars or certificates, ~ Per CEN. !, !.
=, gold coin and % per cent. n notes ~
- this rule there is one important exception
~ Under An arrangement between the Treas
~ ury and the New York Clearing House a
- y payments BY The Treasury % this institu
~ tion, sgrrega'inE $No,og,0 : year' NV W.
y eisndard silver dollars not being receisahl
m under IL rules. although silver certificate
", are nov being paid Il BY the Treasury
" " eomc extent In large denominations, " W.
nm Of gold coin, for use - psymenI q cns'".
W. dues. Aside from any personal views n
rs Tie expedicnry Of reviving the silver doiia'
lP- she Treasurer SAYS Il would seem unNise 70
~ INV branch Or the Government 70 encouras
ne - arrangement BY which coin, which ~
q law has made full legal tender. y uiscreo
~ ~ lied.
~ ~ referring 10 thercscrve held for the r.
w. demption Of United States notes the IrtN
~ urcr saws: "There Il no provision ~ ne ny
Nh. ~. recurring specie reserve for redemption
"a United states notes. 10 the prepAr4'is
"" J" Tor tho resumption ~ specie payments
~ fund was created - the treasury ,unns' N
r ',,h ton .. Resumption act 81 1912, ~ me -
' '.n AZ vs. SOC, 900 in bonds. and the ac.uiau1
w. ton of surplus revenue 70 protect ouis an'
80 my notes. The amount " TINS Iuna p
a. never been definitely fixed, but . has M y.
I, n, maintained q about ~ per cent y Sn''
II VIM 90 IIW
e. ssIt hae usually been assumed that p erer
ap- ~ ~ Der cent. n sufficient for the proItetv
49, n tinted states notes, but under
NJ method 81 computation the reserve y \
w merely 40 per cent % liability VA /,
nk: ~ United states notes, but alse Ivy
anu cent. 81 III other liabilities. 80 isr . 81
suit silver and clearing house cerincsIe-
AZ concerned. Il q necessary, under tne y
oms suthorizing their ISSUE that tncir \
anu amount should be Get aside n go'o, ~
\ ~ anl United states notes, respectively,
crn.. funds for their redemption. bus = " f!
lifted osher liabilities there 4 10 such oDiiga'l
!ouu ssthis Ard Il n submitted that 10 higher
tally serve Il required for their protsc'ion 'n.a
required for the protection q Inneo ~
~. ~. noies. n the changed oonu. s,sm;sx n
ne oyertakc the Nation, there seems " ~
II 10 .hsl.,li,v ~ Z run upon the reserve %
Y be Trcasurv. The total demand for corn W
ned. redemption of United states notes Az
't1 rated since IC@umPti9A y"s " M. ,,i
% be ~ 1870 ~h.teycr have been presented
mat redemption since February. ISL.
na- "Should there ever 10 . run on W. Sr1
Il he ~,.erxc. A. ths Treasury, United States n
man .,il ~ made the basis u demand, anu
. cx- ~ 4, her matured obligations, when y. Z.
now ,n.r the very varied current iiApi'it'e'
D. r,r c-~.rnmcnt The excess " assets
for demand ior liabilities u &c 6osernm's
gen other than United states no.os; W " "a NJ,
YOU ,.lniateI abatement 70 be <lio,fiSsf''
lnder rn..iierjns these Liabilities - wnv'e.
Y and Tr...,,r.r say.: ut u clear thai ".
II IL .,.r nercenface IRE reserve VIII pro'
" ask 1,.;s.I states notes will ptotsc'
form e.h.~ llahlIitlcs.v The Treasurer
They 49, affempt 20 say what