Morning journal and courier., 1881-11-04
THE NATIONAL CAPITAL.

The Treasury-An Interesting Report of
 Its COndition-Recommen ndations by
 the Treasursr-Gufteau's Papers Held
 by the Prosecution.
 WASHINGTON, Nov. 3.-The annual report of United States Treasurer Gillian submitted to-day shows that during the last fiscal year the receipts of the government show an in crease over 1880 from every source. The in crease in receipts from customs was $l1 ,G37,- 611.42, from internal revenue $11, ,225, OIL p, from sales of public lands $1, ,1s5, 1856 59, from miscellaneous sources $3,117, TOP. O1. The to al increase is $27, ,255, ,6S1 59, which added to the net reduction of $6, ,93O, O7O 19 in expen ditures makes an increase in the sur plus revenue of $34, 1S5, ,751.7S The net revenues were $360, TSP, 292. .57, net expendi- lures $26O, TIP, ,9S7.59. The exec ss of re- ceipts over payments was $1OO,O 4O4 9S, of which $9O, SIP 261.O5 was expended in the redemption of the public debt. The balance in the Treasury increased $4S. .669, cos 93, from $203, 791 ,321.SS at the beginning to $252, ,45S, 1925. 81 at the end of the year. The amount expended on account of interest and premium on the public debt ran down from S9S, ,552, s95.5O during the year 1880 to $S3,- 569, ,9S9 96, a reduction of $14 1882, ,9O5. 57 during the year. Fifty-four national banks were organized and twenty went into volun- tary liquidation, leaving 2,136 doing business failed during the year. The semi-annual duty accruing from national banks during the year was $S, ,493, 552. .55, all of which has been collected and paid. At the close of the year there was held by the Treasurer in United States bonds $36O, 505 300 as security for the circulation of national banks and $15,295, 800 as security for public dannS1tS nQtioDoI honb ries. During the year $276, s99, 700 in bonds were deposited for these purposes and $277, ,527, $50 were withdrawn, exceedin by far the transactions of any former year. These changes are chiefly due to the continu- ance of the and per cent bonds at 34 per cent, and in part by the substitution of con- tinued bonds for and 1-2 per cent. United States bonds amounting to $85, ,3O4 1000 were retired during the year. The aggregate amount retired by purchase, redemption. conversion and exchange from March Il, 1869, to the close of the fiscal year is $1, ,983, 344, 800 Cou- pons from United States bonds of the value of $22, ,997, ,667. .52 were paid during the year, and quarterly interest on the registered stock of funded loans amounting to $44, 455, ,97O. IT was paid by means of 3O5, ,101 checks drawn payable to the order of the respective stock holders and sent to them by mail. By a com-. parative table of the condition of the Treas ury at the close of September in each year of y is the increase in gold coin and bullion and standard silver dollars in bond and in silver certificates outstanding In 1880 gold ran down nearly $27, ,0oO. but this de- crease was much more than over come in 1881, when it increased more than $41 1000, ,0O0, the highest point ever at ta1ned. The gross assets of the government, including funds held for the redemption of gold, silver and currency certificates, are $331, ,981, 210. Il, having increased more than $64 ,0O0, ,0O0 during the last year and being larger than any corresponding year since 1878. This increase is due in chief part to deposits on account of silver certificates, which amounted during the year to $45, ,O00,- 900. The Treasurer states that. while freely furnishing new United States notes in the re- demption of old notes and national bank notes, he has endeavored to husband the supply by the use of gold, standard silver dollars and silver certificates in payment of demands. The practice has been to make 10 per cent. of all payments in silver dollars or certificates, 40 per cent. in gold coin and 50 per cent. in notes, though there is an in1por- tant exception, the New York clearing house. All payments by the Treasurer to this insti- tuition, aggregating $275, ,0O0, 900 year must be made in gold coin or United States notes Aside from any personal views as to the expediency of reviving the silver dollar, the Treasurer thinks it unwise for any branch of the government to encourage an arrangement by which this coin had been made 8 legal tender. The Treasurer also says that unless some calamity shall overtake the nation there seems to be no probability of a run upon the reserve of the Treasury. He says, too, that whatever percentages of reserve will protect United States notes will protect other iabili- ties. The Treasurer is of the opinion that a, uniform percentage should be given for all current liabilities other than three classes of certificates, and that the excess of cash in the Treasury should be expended from time to time in the redemption of the public debt according to some definite and publicly an nounced plan. Should this be done the pol icy of the department would cease to be subject of speculation, and the influence of