New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-05
Estimated


Total receipts actual and estimated oOoo 90
Total expenditures actual and estimated.' 2ooooOCUoOO
si2oo 10000 90
Estimated amount due the sinking fund.- 444zzVoo %
Leaving balance observation-disclosures. Stoo'o7' 80
FISCAL YEAR 1884
Tho rsvannes Of The fiscal wear ending Jne 80 1884.
estimated upon the basis Of existing laws VIII ne'
From customs $4,000 goo
t tIon mi yer u, ,v fr snds 5,5Ot.0O0
From tax on circulation ana copO''' Oh 100000
From repay ment Of Interest and sningfdnd
Pacific hailway Compsh nessl,ies etc - 100000
EIC customs letters patent and lands 265oOO0
From proceeds OF sale OF doVerhn'en' piop 100000
Ffo1a proai. on coinage etc 42oo3099
From revenues Of The District Columbia 530o01
Prom O'''V'''0
Total estimated ordinaiy receipts s4l0oooooo
The estimates OF expenditures for the same perlcd
received the several Executive Departments are
follows: -
Legislative. saS ~
E1eSgtve 1850 ..... & goo 90
Military establishment. 28se a3S -
Naval establishment 20 so 90 ~ =
P R4is1 lOi575oOo 90
Pubic works: -
Treasur. Department. 68l7500Go
Navy Department. ............. 3,s35,5lSg0
Bspa Gm SSP Of Hsrisuiare
department u 'O''''O' -Ty 1a,ssl3d5 @ g
msITi,t Of Quinn S5j0299 Os
Permanent annual appIOpT atoms: 1880
Interest on he public DEBT. S32S1Iai99a -
Reminding S1i I'' customs. internal '-.oo
m!ssfi:ss:S. sisGs 500 SO SO
"'''e''"Ie''' '' 1----,o- l7OlsOSs %
iG1s s fund 2sO1G2 D.
Or estimated surplus Of. S74T9s37 20
psti eNDcndl-
lures will he 1926 2O7,939 SO. showing an expended sur
plus of S119, 792, O6O 49,
DIMPIIoN OF UNITED STATES BONDS.
Athe date of the last annual report to Congress the
interest bearing debt which rcdeemahle at the
pleasure Of the Government was as follows:
Acts Of July and August. 1881, continued at 0o oo
Act Of March s. 1858 continued at three aaia
Five NIi per eT cent funded loan continued at
and half per 4Ol3Olooo
sj6s88O06O
intending sl2Os5 500 which had been called but which
had not
OF The above bonds there have been redeemed during
the year ended October 81. 1882, the following:
Loan Of July and August 1861, continued at go
ri $3i n Ss5 s CENT funded os so'7S S76S
sl4l5lOs6O
EXCHANGE OF THREE AND HALF PER CENT CON
TINUED BONDS INTO 1HREE PER CENT BONDS.
On July l. 1892 the Understanding debt which VAS
at the pleasure Of the Government, exclusive
OF gil $50 three and half per cent continued bonds
of the loan Of July and August. 1861 which had been
called and which due that day. was as fol-
lows;
Act Of March 3. 1853, continued az three and ~
Five per funded loan Of 1881, at three and
half per sVloUoVVO
sac 824O 900
Included in the above were $4,000 900 in bonds of
Oh h.d hoa,
called to mature August 1, 1882, and the
amount of bonds available for exchange, as contem-
plated in legislation then pending was still further re-
duced by the call issued July 10, 1852, for @l6OOOOOO
TO mature September 49, 1882.
By the eleventh section OF the approved July ~,
1882, entitled AN to enable national banking
Citations 20 extend their corporate existence, and for
other purposes" the Secretary was authorized 10 IT,
ceivc AT the Treasury bonds of the United states bear
Ing three and bah per cent interest aud 10 issue In
exchange therefor registered bonds OF the United States
bearing interest nj The OF three per cent
These bonds were 10 be rcdeemabe M the pleasure OF
the United states, after all bonds bearing higher rate
Of interest and which were thus redtcmaDe had been
redeemed or called. There is also the important pro-
and The substitutes Tor them shcud %" lac rst called
payment that this order of pa Iucnt should be
followed until all should have been paid. Iher~by the
bonds first issued ana the substitutes iOr then maze on
the sgnmeut and trans Them made more de-
the query how The order of Issue OF the threes
The holders Of the thTeeand ah0lis" should be de-
teImined. method was devised by tho Department
which gave the precedence 70 diligence IN 0her OF snr
render Of the hreeaud a-hafs; and which deermlncd
part III It, wno of equally digcnt should have the
first privilege IN issue 1t is believed that justice
done 10 all The provision that the substituted bonds
should nave the sumo rank with the originals IN the
order TO call !Or payment was at hrst Thought 10 pre-
clude the holder irOm division of one bond OF larger
denomination into two or more bonds OF smaller de-
nOminat!O9. TO have maintained this wOulI nave IN
among several alike Interested i'll a large bond. But
as II as impractcabe divide bond into two
SO preserve the Iig be deferred in calls for payment
1t has been determined TO yield to with Tor dyidon
III non Z.
the instrument OF assignment TINS puts upon the Regs
Once labor and the greater exercise OF oare
but being 10 the holder Oh the bond, they
will I've cIeernily undertaken.
on day following approval ~ the act the Sec
retary s,led circular Announcing the readiness OF
Department To eilect TIE exchange thus provided
for August /, 1882, being named the date
upon winch said exchange would begin Under the
visions Oh tho act the exchanges TIE 32 pes cent
tmued bonds be- an on the date named and continued
until september 20, upon Which date they tempo.
raIy suspended in order to allow the preparation OF
the schedules and checks for the dividend due November
on The 3l2 per cent bones which had not been ex-
changed well US upon the new per cent bonds which
me beginning of the exchanges until the suspen
sion IL per GEM continued bonds were received for tx
c angc into per ccut bonds a. follows
Act OF March 1853 continued Ga per S3 2l
Five per cent funded loan oi 1884, continued at ,,
80 per cent.......v 2i6l3SsjO
Total 3937O500
and 3 per cent bonds were duly issued therefor.
The interest he surrendered bones adusted to
August |, 1892 and the per cent bonds issued IN
change therefor carried interest from that date.
The exchanges resumed November !, since which
time there been received S2IO24.250 in 3l2
cent continued bonds for which Ike amount of per
cent bonds have been issued making total issue to De
cenber |, 1882. OF $3.50 3g4, 700.
The reduction IN ITO annual interest charge by reason
" those exchanges is 81 401 ,913 rs.
The Department. knows no reason why II should not
Ong 3L per cent bonds remain outstanding and un
jalcd
Tie following table shows the changes in the interest
bearing debt during the year:
Amount Redeemed iIxclauc ed Outstand-
Iodn. 0utstandg during the into per ing Nov. l. |
lNO|l, 1881 year. lCtnt boIdSI 1852.
July and