, 1881-11-04

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debit The balance IN tho Treasury ln-
creased i,'N'-froin 3.20i, 'i't,:El at tho
bcglnnnG 10 s25e,i'S.fs' ut tho end "f
tho iisrnl ynar. 'fl,e anlnunt expended on
account Of Interest nli prrlnii,n oil thu pub
lie t'ebt rnn loW1l tfnn s's,'f''tMs' III l8su to
$%tAM, ,ts!'-a reduction u1 81 !R:,tN'. Tho
lalnucn startl!'tg 10 thu credit Of tho dis
bursting officers atitl agrttts Of the United
States will, various offices Ut tho Treasl'ry
J1'nn'O lSsl. wns S:',@'o,'m'. The receipts
fur tile liscat year o1i nccoliht of tho l'ost-
oAcc Department wcre s:a,157.1', atAl the
expenditures S''ssh'+'"H' Qt when amoasnss
sA,7H.7TI we're feceaSea at'd expended
directly by l'nsamastcrs. .............-...
rtIE l'NAyAlLAnfE FUNDS OF T1tE T1sEAs.
- oisf
were ss,"'','s'3, MI ilicfeAsa since tlie inst
report, ny reason OF taking up cortaill items
l'ru'loasty carried ~ sasli. AZ tho close Or
tne scar taefe "aS alelu oy tno treasurer Ill
tthitftt oHles potlus s'aU.h.hVo Us security
!nf clscu'atloh OF Natle'tal Drinks, anu eis'-
;H.'an ns security iof PUBIC t!oposNs Ill
NAllolni .Himh III, ., arpoS0osies. n"rinR tile
.e"', s''"'o''t'oo III poNas Nelu aeposiaea
lor theso P''rpoScs' anu s@tha@'''su "ltH-
uF""n' eSee'"'s Wy a"r n.d tl"hs'!ctlo'is w
my i"f'het stit' ny oli'tc't othtcs c"i'
rEllGy outstanding 1T tliu close Of tic yrnr
wns S:pi,,:all, Hi; redeemed during tile ycar,
s1l,nw,s;.; to,nl re,lcmptions sI,,cc tho first
'sstc ,t'', W. tnaie'lc1' a,, S!f""'4',o'.,. ro,
~, ual'es' s'.,es po'a!s 'an"t'ntll's ~. ~ S'
w wete = fel,'s'a m "uti's '.e seuI. ny neste'
Eale retltea ny putch"se, fetemltlo.'' @ eon'
't.3'"'i, "i"t sNenuAu ilo'n Ma'Gn ~, 49, ie' n
" .'e ei"se u. u's !'ssa. se"s IL S,'oe,ef''"v'
.",'.s ~, VII. 1s ,,.u o"es9 oIp " "
ycnr, mid quarterly Interest un the Registered
stock funded lnans, amounting to s4i, ,iI;a0,
was paid by llenns OF 305, l05 checks. MI
tio,,al ba,,k-tlotcs wcro rccciyc, for redeMp-
ttml during tlb year of tho ynltlo uf $50, ESQ.,
a.j0
Till: A0o1'Eo4NrE isEnEMrT1oSs
Whtf}l,7'..
Comparing tho condition Of tic Treasury
Sept. 10. 1881. with its condition the saino
day Inst year, the most striking changes nro
tic Increase iii gull cuin and bullion and
standard silver dollars OIL },ait, and In tho
silver certificates outstanding. Detluct1lg
tho Eutu certificates nctuully outstanding, tho
gotd belonging TO tho Government Sept. 10,
1878, wns S1l1 tat,, ti:ss: $i5t,OS.,t7i In 1870;
S1,3t ,0S3 IN 1850; nltE S1G oj otj 40 lit fssl.
Tho gross nssuts of tho government, III.
ciutlng funds lGId for redemption Ut gold,
silver, md currency certificates are S:3l, ISL
:l0, tIoy having Increased ,nore tlan sDl,-
lN0 600 Inst yenr, mil be!ug larger Than on tho
corresponding ttntp lit :l,ly year sincu 1S78.
Tho jlcreasc Is due In chief part to deposits
on accounted
SILVER CERTIFICATES,
which amounted to s45, ,oeo,o0. III referring
10 tile reserve held f0r redemption of uullr,1
states notes. tic Treasurursays: '.Tllyre isno
provision, of law requiring 4 spccte reserve
fur the redemption nf United States ,,utey.
In tito preparation for t1,e redemption OF
sl,ecic payments fund was created III tho
Treasury, untor SIC. 8 of Tic Resumption
net Of lS75, by tile sato of sol. SOC, 600 Of bonds
and thu accumulation of surn1us reyo1,,,n tn
,,ro,.,t .ho sto,,,Jt,,, ,,,sar sr,,a ,''s,,'t
piu,ec' eno "utsta1.o'''e iiotes' 10y aallouht
ot ms itind ms never bcc'l deifntaly fixed,
bit II l.ns been maintained mt about 10 per
cent of tic United States notes outstnutl,nr.
IT las USUALLY 1,trS Ass1,Nt:n
tnat resGf'o o1 ~ per cent IS sufficient Tor
tho protctlon of the United States uotcs, bt
,,.,.t,r t1.<, ,,,,,,, .,e e,,.,....,...s.., -.