The Sentinel. [volume] (Trenton, N.J.) 1880-1882, 1881-11-12
The United States Treasurer's Report.

| United States Treasurer Gilfllan has made
his annual report to the secretary of the treas
ury. The financial operations of the United
States during the past fiscal year are sum.
married. as follows: The receipts of the gov
eminent show an increase over those for 1885,
from every source. The increase in the re-
celpts from customs is s11, 637 Gil. 40; from in.
ternal revenue, $11, 255, oil. 50; from sales OF
public lands, 81, 1885, 356.57, and from miscel.
laneous sources, s3,177, 70201. The total in.
crease is SIT, 255 6S1.59, which, added to net
reduction of s6,930.0 7019 in expenditures,
makes an increase in the surplus revenue oi
S34, 1856, 7517S. The net revenues were $780,,
7o2, 292 81, and the net expenditures $780, 712,.
So7 SO. The excess of receipts over payments
was $4,000 404.9S, of which 800, 872, 261 05
was expended in the redemption of the public
debt The balance i'll the treasury increased
$4S 667, 603.93 from 5000, 791 1921. SO at the be-
ginning to 1882, ASS, 925.81 at the end of the
tiscal year. The amount expended on account
of interest and premium on the public debt yan
down from $98, $50, 1858, in the fiscal year
1880 to $83, 569, 9S9.96, reduction of $14, 982,
90557. The balance standing to the credit OF
disbursing officers and agents of the United
States with the various offices of the treasury.
June 80, 1881, was $G4, 936, 307 8S.
The unavailable funds of the treasury are $29.-
521, 632.72 During the year fifty four national
banks were organized and twenty went into
voluntary liquidation, leaving 2, 1856 doing bust
ness at the close OF the year. No national
bank failed during the year. The semi-annual
duty accruing from national banks during the
year was So, 1893 552.55.
The United States currency outstanding at
the close of the year was 1862. 539. 437. 65.
There was redeemed during the year $71,069,.
974.95, making the total redemption since the
first issue of currency 50, 300 al, 073.36.
United States bonds amounting to $85. 304,-
$50 were retired during the year.
The amount of national bank notes received
for redemption during the year was $50 ESQ.,
$50.
Comparing the condition of the treasury
September 80, 1881, with its condition on the
same day last year, the most striking changes
are the increase in the gold coin and bullion,
and standard silver dollars on hand, and in the
silver certificates outstanding. Deductiug the
gold certificates actually outstanding, the gold
belonging to the government on September 80
OF the last four years was SIP COZ 500. 90 in
1878, S154 987 ST. 20 in 1879 SIPS 1850 085. II in
1880, and $169, 552 746.41 10 1881. In 1880 the
gold ran down nearly $27, DOC, 900, but this de-
crease was much more than overcome in 1881,
when it increased more than $41 600, 900, reach
ing the highest point ever attained.
The total amount of standard silver dollars
coined to September 3d. 1881, is $685. 1922, 705.
Nearly thirty-three per cent, or s32 1878 1926 il
in circulation, and s65, 279 remains in the
treasury. The silver certificates in circula-
ton at the close of the year was $751; 166 800 al
compared with S12374 270 on June 80, 1880.
The clearing house certificates outstanding
amounted to only 81, 615, 900. The amount OF
fractional silver coin in the treasury now
stands at s26, 3l3 47717-a decrease of $685.
009 As since August l. The amount of minor
coin now on hand is 1852, 5S5.06, against
81, 063, 665.22 on September 80, $780, There
were detected in the treasuler'5 Office 81 ,434 in
counterfeit United States notes, $44345 in
counterfeit fractional currency, and 49, 21 in
counterfeit national bank notes
The gross amount of gold aud silver coin and
bullion held by the treasury without regard tt
the obligations outstanding against it has
ranged from $163, 1863, 4i4.70 in 1878 to 1922.
807 $3.50 in 1879, s214 303 215.3S In 1880, and
1863, FOG, 1876 in 1881. The increase within
the last year has been $50, 400, 600 of which
80 $50 600 is in the gold and SIG, go, 900 in the
silver. The increase in the gold has beer
greater aud in the silver less in the last veal
than in any year since the coinage of tie
standard silver dollar began.
The gross assets of the government, including
the funds held for the redemption of gold, sil
yer and currency certifca es, are 1891, $751;.
210.1l an increase OF $G4,00000o during the
year.
The excess of assets over the demand liabil.
ties of the government, other than United State:
notes, is shown by d tabulated statement to be
STAG, 443, 491.77. Considering these liabilities
as WHOLE" the treasurer says, it is cteaI
that whatever percentage of reserve will pro-
feet the United States notes will protect the
other liabilities" The treasurer does not at.
tempt to say what this percentage should be,
but is of the opinion that uniform percentage
should be fixed for all the current liabilities
Mr.. Glfillan says: "The treasury is almost
invariably a debtor to the clearing house. tbs
aggregate balances against it during the fifteen
months having been $345, Al 1854, against
only IS, 673, 1892 in its favor"