Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1881-11-10

shows an increase in receipts of those
for 1880, from every source
Increase in customs. ...............S IL 631 ,6ll
Increase in internal revenue ....... IL ,255, oil
Sale Of public lands. ......... 1885
Miscellaneous sources. ........... g. III ,g2t
Total increase ........... 27.255 ,63l
Which added to the net reduction, &c.
$4,000 in the expenditures, makes the
surplus revenues S34, 1S5,751.
Net revenues. $500, 1872 ,29.
Net expenditures. ................. 260 7l2 S5I
| Excess OF receipts over payment. 100 069 ,40i
VI which was expended in redemption
cf the public debt, ............... 90s72, 26l
TIE balance in the treasury increas
ed S48, 667 sos, or from $203,791, 1921 al
the beginning to $685., ass, 925 at the end
of the fiscal year. The amount ex.
pended on account of interest and
premium on the public debt ran down
from sos ,552, S95 in 1880, to 1888 500, $3.50
reduction of Sl4,9S2, 905.
The balance standing to the credit OF
the disbursing officers and agents OF
the United States with the various off.
ces of the treasury, June 80, 1881 was
S4, 1886, SOY; receipts for fiscal year on
account of postoflice department, $780,
757 1854, and expenditures, 3S,5H ,935;
of which amounts $24, 707, 703 were re
ceived and expended directly by the
postmaster. Unavailable funds in the
treasury, $40 ,521, S32, an increase since
last report by reason of taking up GER
tain items previously carried in cash at
the close of the year. There was held
by the treasurer in United States bonds
1850, sos, 800 as security for circulation
CT national banks, and $15, 295, 800 as
security for public deposits in national
bank repositories. During the year,
$276, 1893, 200 in bonds was deposited for
these purposes and 1927 ,527 $40 with
drawn, exceeding by far the transactions
of any former year.
u. 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, l41,073.
U. S. bonds amounting to $50, O04, ESQ
were retired during the year. The ag-
gregate retired by purchase, redempt-
ton, conversion and exchange, from
March II, 1869, to the close of the lis-
cal year, was 1888 ,344 500; coupons
from U. S. bonds of the value of 500,
997 ,667 were paid during the year, and
quarterly interest on registered stock
and funded loans, amounting to S44 :
400, 79O, was paid by means of 800, los
! checks.
National bank notes received for re-
demption during the year were $59,-
65O,259. 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, and standard
silver dollars and silver certificates out
standing. Deducting gold certificates
the actually outstanding gold belonging
to the government, September 30, for
the last four years, was $l12,602, 500 in
1873, $154, 9S7,371 in 1879, $12S, l60,-
0S5 in 1880, and Sl69, $40 in 1881.
Gross amounts of gold and silver coin
and bullion held by the treasury with
out regard to the obligations outstand-
ing against it, ranged from $163 $685.
Al in 1873, to S222, S07 800 in 1879. to
$2l4, S03, 215 in 1880, and $269,706, 99S
in 1881. Increase last year, 500 AGO.
| 600, of which $39, 10000 was in gold,
and SIG, 25O, 900 in silver. The increase
in, los
last year than any year since the coin
age Of the standard silver dollars began.
United States notes on hand slightly
| increased last year Notwithstanding the
urgent public demand for notes for cir
culaton The amount on hand above
the amount required for the payment
of clearing house certificates, was 800
100000 against SlS000,000 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 30 per cent. on
notes. To this rule there is one i'm
| portant exception. Under an arrange
! ment between treasury and New York
clearing house, all payments by the
treasury w tiiS ltlollbutiOil, dgSIeSdtIllS
1915 900, 900 year, must be made in
gold coin or United States notes, stand
ard silver dollars not being receivable
under its rules. although silver certiti-
Gates are now being paid in by the
treasury to some extent In large de-
nominations, in lieu of gold coin, for
use in the payment of customs due,
Aside from any personal views as to
the expediency Of reviving silver dol
lars, the treasurer says it would seem
unwise for any branch of the govern
ment to encourage an arrangement by
which coin, which the law has made
fully legal tender, is discredited,
Gross assets of the government, in
Guiding funds held for redemption in
gold, silver and currency certificates,
1881 ,9S1, 2l0, having increased more
| than S64 900, coo last year, and is larger
than on the corresponding date in any
year since 1878. The increase is due
in chief part to deposits on account of
silver certificates, which amounted to
$40, 900, 600.
In referring to the reserve held for
the redemption of United States notes,
! AL