Savannah morning news. [volume] (Savannah) 1868-1887, 1881-11-04

WASHINGTON, November 3-The annual
report of United States Treasurer Gnhllan,
showing the operations Of tie Treasury for
the fiscal year ended June 3O,h, 1881, was
submitted to the Secretary of the Treasury
to-day. The transactions Of the Treasurer's
office for the year may be summarized as
follows:
The receipts Of the government show
an increase over those for 1880 from
every source. The increase in re-
ceipts from customs is $11 ,637, Gil;
from internal revenue 81, OIL; sales
Of public lands, 81, ,1s5, ,s56; miscellaneous,
50, Ia, ,7O2. The total increase is $27, ,255,-
$50. which, added to a net reduction in ex-
penditures of St. .93O, ,O7O, makes an increase
in surplus revenue Of $34, ,1S5, ,751. The net
revenues were $500, 7S2, 1872, and the net ex-
peuditures $3.50, .SS7. The excess of re-
ceipts over payments was 800. .O69, 4O5, of
which $50, s72 ,26l was expended. in the re-
demption OF the public debt.
The receipts from the Post Office Depart
ment were $39, ,757 ,664; expenditures $3S,-
544, ,935, OF which amounts $24. 702. 703 were
received and expended directly by Post
masters.
During the year fifty four national banks
were organized and twenty went into volun-
tary liquidation, leaving two thousand one
hundred and thirty six doing business at
the close OF the year. No national bank
failed during the year. The semi-annual
duty sccruing from the national banks was
3, ,493 SOB, all of which has been col
lected and paid into the Treasury, making
the total amount cole cted by the Treasurer
since the estab ishment Of the national
bank system in 1869, SlOS, $50, ,O21.
The United States currency outstanding at
the close of the year was 1862, $50 437. There
was redeemed during the year S7l ,O69, ,974,
making total redemption since the tirs5
issue of the currency of 81 BOG, 141 ,073
United States bonds amounting to $685.
| 3O4 CSC were retired during the year. The
aggregate amount retired by puI Ichase, re-
dtmpuOn, conversion and exchange, from
| March IL, 1862 to the close of the fiscal
! year, is 81 ,9S3, ,344, 500.
Comp 4ring the condition Of the Treasury
on September 80, 1881, with its condition on
! the same day last year, the most striking
| changes are an increase in gold coin and
| bullion, and standard silver dollars on hand
aud in silver certificates outstanding. More
than $23 OO0,0O0 in gold has been de-
| posted with the Assistant Treasurer I'm
| New York for the purchase of exchange
| on the West and South. payable in
silver certificates, during the last fifteen
months. The gross amount of gold and
| silver coin snd bullion held by the Treasury
in 1881 was 1863, zoe, 600 The increase with
in the last year has been $55 500, 600, OF
which amount over S39 900, 600 was IN gold.
The following are the important recon-
mendai0ns contained in the report:
| The Treasurer regards the require
ments of the act of 1S49, that the
public moneys shall be deposited in the
| Treasury without diminutiOn in any way, as
the most salu airy and important, ,and BELIEVES
that there is no sufficient reason for except
ing from it public moneys collected by the
| Post Office Department. To correct this
and to secure efficient control and uniform
accountability, he recommends change in
the statutes so as to require the revenues of
| The Post Office Department to be deposited,
| like all other revenues, to rhe credit of the
| Treasurer's regular account, and to be
drawn out only on the warrant of the Secre-
tary of the Treasury, based upon the reQui-
siJiOn OF the Postmaster General.
Referring to TIE redemption of national
bank notes, Treasurer Giltlan says: "Aside
| from the mere difficulty OF properly appOr-
/ tioning the redemption expenses, | am
firmly convinced that the power now pos
sessed by the national banks of throwing
up their circulation at will is wrong in Drin-
ciple, unnecessary, and dangerous. Under
the present system the issuers can suddenly
and arbitrarily contract the currency to anV
extent, and it may be for their interest to do
this when there is a legitimate demand for
all the currency In circulation or even more.
A bank having issued circulating notes
should be held responsible for them
until they ere redeemed or It goes
out of business, and there is no
obligation resting upon the United States to
assume responsibility Tor their pTOmissorY
notes. The privilege of suTrendering circu
laiiOn by depOsiting lawful money for its
redemption is not necessary TO correct the
redundancy IN lis circulation. IL the bank
find that its issues are being redeemed so
rapidly to destroy its pre- fl, the obvious
remedy is to refrain from Teissuing redeemed
notes, and retire them according to law.
Nor would the withdrawal of the privilege
prevent the banks from winding up their
business and going into liquidation, mas
much as the surrender of circulation by
liquidating banks is made under prior and
distinct provisions Of the law"
THE STAR ROUTE TRIALS.
Argument was begun this morning by the
counsel for the defense looking to quashiUg
the information recently filed by the prose
cutiOn In the star route cases.
Judge jeremiah Wilson, of counsel for
the defense, opened the discussion and
presented an extended argument in favor
of The mOtian, taking the ground that ig-
norirg the grand jury by filing the in
formation was a resort to arbitrary power,
which avoided the instrumentaiity OF the
law that stood between the citizen aud his
injury. Judge Wilson, In reading the
information recently filed, maint aimed that
none OF the facts alleged therein had been
sworn to by the governments witnesses
| The information could not be filed, he
argued, because there was 10 direct
testimony presented. The facts, as
| charged, were on hearsay only, and
the court sitting as a grand inqui-itor,
Of course, could not, urder any circum-
| stances, accept it. He said that when the
matter came directly before the court the
most important question 10 arise would be,
"Had the judiciary any right to question
| the action Of the executive ?" On this point
! he read number Of authorities that show
that the person acting as Judge was not LA
BILE TO prosecution, civilly or cTiminaliy, on
| the principle that an executive officer was
subject to prosecution by a high court of
impeachment only. At the conclusion of
Judge Wilson'S argument the court ad-
journed till to morrow.
! THE CASE OF GUITEAU.
! Counsel for Guiteau appeared in the Crimi-
/ nal Court this morning and asked for the
| papers left for various persons by Guiteau
/ on the morning of the assassination, and
/ since that time retained IN possession or
! the District Attorney. The court tnought
| the request proper, and took the matter
/ under consideration. Further time in which
| to prepare the case was. requested. This
/ also was taken under consideration.
THE UNITED STATES AND PERU.
The published report, that the United
/ States Government had directed General
| Hurlbut to continue to recognize the Gov
| ernment of President Calderon as the legiti-
mate government of Peru, was shown to
| Secretary Blaine to-day, aud 10 reply to the
| question, If it were true, he said: "There Is
/ nothing in the affairs of Peru about which
| the department cares to speak"
THE NEW BRITISH MINISTER.
Hon. Sackville West, the new British
| Minister, was a passenger by the steamer
Indiana, which arrived at Philadelphia to =
day.
TIE PRESIDENT OFF FOR NEW YORK.
President Arthur and Secretary Hunt left
| for New York to day.
Weather Indications.