The Portland daily press., 1882-12-05
THE TREASURY.
Secretary Folger's Statements ts and
Suggestions.
TWENTY-FOUR HUNDRED TONS OF
SILVER STORED IN THE
TREASURY.

EWAsHINGToN, d. c., Dec. 4.-The Secretary
of the Treasury has submitted his annual re-
port for the fiscal year ended June 30, 1882
Ordinary revenues from all sources for the
year were $403, ,525 250.28; ordinary expend l.
lures for the same period were $257 1881 ,439.57.
Adding $20737 694.S4, the amount drawn from
the cash balance of the treasury makes sur
plus of $166, ,281 ,505.55, which has been applied
to the redemption of bonds. The require
ments of the sinking fund for the past fiscal
year, including the balance of SIG, ,305, ,873.47
from the preceding year, has been fully met.
1t is estimated that the requirements for the
present fiscal year will be VA, AZ, ,956.25, OF
which there has been applied during the first
four months of the year the sum of $31, 1856 $50.
Receipts, actual and estimated, for the present
fiscal year, are $415 100000, and the expendi-
lures, actual and estimated. 1926 ,000, 600.
ldIn regard to the issue of 3 per cent bonds in
exchange for IL per CENTS authorized by act
of Congress of July 70, 1882, Secretary Folger
expresses the belief that by the plan adoHted
at the department, justice has been done to all
in this exchange. The reduction in the an
nual isterest charge by reason OF these ex-
changes is $140,197 1916. The department
knows $40 reason why it should not continue
10 afford every facility for these exchanges SO
long as 9 IL per cent bonds remain outstanding
and uncalled
1st $26 1884, 1897 So of fractional silver coin. In
ali there were 2400 tons of silver coin stored in
the public vau ts If the coinage of standard
silver dollars keeps up, and the demand for
them for circulption is as dormant as now it
will be a serious question where the
treasury department will find in public
:. r.~csaptacles storage room therefor. The
~, ,,.nt of silver certificates outstanding
Nov /, 1882 was about 200 ,oO0,00O. Inc
Traasn " holds nearly all the standard silver
dollars ~ lined during the year ended Nov, 1st
1880 Ind ging from past experience we need
not axneot m Increased demand for silver dol
1ars ft ia TO be looked for that the place for
silver certifica te5 will be to great ex'ent sup
nlied bv gold certificates. The Secretary re-
heats his recommendation tnat pr9Visloh loi
q fiyed amount of standard silver dollars each
month he repealed and the Department be au-
thori1ad IN coin only so much as is necessary TO
supplv the demand. RecommenoaIloh 10 re-
newed for repeal of the act giving lssue VI on :
yer certificates, and for law aulnoriAIns
measures for their early retirement from CIR
culation. Coinage at the mints durlng .ne
fiscal year was, gold, $89, ,413, ,447.5O; STANDARD
silver dollars, $27 ,772, ,075 60; traction u slVer
coins, S11, ,3l375; minor coins, 1884, 475, 775; to-
tai, $117, ,841 594. The coinage OF gold was
nearly $11 000, 900 more than in any previous
wear in the history of the mints
The number of national banks organized
during the year is Ill, the creates, number
n,ganized during any one year since 1872. The
so,,,,, ber of banks in operation is 2,269, more
ra, uu =. any previous date. On Oct. Sd of the
r1rSsant wear they had an aggregate capital of
gao9 10d .2I3; surplus S13l, ,977 400; individual
SenosiIs $I.122, ,472,6S2; loans Sl,23o, o6,524
$Tbs 1SpS Secretary earnestly recommends careful
revision Of the tariff with view to s1bstan tan
10Y rodnctions. The accomplishment OF TIM
tIaI usroanded to the present Congress which
Is h.S seIof baan fully aware of the approaching
financial situation as 1t is now presehteu, @ne =.
has so IUIIy discussed the subject in some OF it
bearings Secretary Foger also ., discusses faras
length measures fSr Stas sas Of the work Of ou
revenue marine life saving service, and othe ne
matters Of interest, giving accommodation
for the improyement of each and all sz& IA