Savannah morning news. [volume] (Savannah) 1868-1887, 1882-12-05
The National Debt.


December LIST, shows that the reduction
November was little more than $780,
600, and it is probable that for the fiscal
year still to close the average reduction
will be about $s,OOO,O goo per month. Five
months of the current fiscal year have
passed. During the fiscal year ending
June Both, 1881, the reduction of the
national debt had been decreased about
SIS, coo, 900, or a little more than $13,000,-
600 per month.
The surplus for this fiscal year has been
reduced because of the remarkable in
crease made in the expenditures of the
government, which, exclusive of postal
receipts and expenditures, are as follows:
Customs ............... ...... 1920, 4Ol,73O
Internal revenue Observation-Disclosures. l4649l go
Direct tax ...--..- -..-----.-- loO, az
Sales of public lands -...-.-.--.---.. 4,a95, l4O
Miscellaneous .......... 3l,703,643
Total .............. .$4O3, 5l6, $50
Net ordinary expenditures. ........ 257, 1881, 440
Surplus revenue. .............. .$l45, 534 $40
For the current fiscal year the books of
the Treasury Department show that the
receipts for the first five months have
been:
Customs ...................-..$ 9s,647, IFS
Internal revenue ......--..--.....-. 62,5ld ,5l2
Miscellaneous ---..---....-..- lo,VO5'''o
A total of ................ ....... $l76,I74, 4O5
Or an increase in the sum total as
against the same period last year of
$2.474.6S7. The receipts of1S82 for the five
months show an increase of So, 1888 in
customs duties over the corresponding
customs duties of 1881, and a decrease in
the amount derived from internal revenue
of 500, 999, and from miscellaneous
sources a decrease of 81, ST., 407. The re-
ceipts for the month of November, 1882,
have exceeded those of November, 1881,
by 81, 100000.
The customs receipts have increased, as
will be seen by the above statement, while
the internal revenue receipts and miscel-
laneous receipts have fallen off, and if the
monthly average Ofthese receipts should be
maintained during the remaining seven
months of the fiscal year the total receipts
would be about $420, 100000. 1t is safe,
however, TO put the amount down as S41O,-
0O0,O00 and the expenditures for the year
at $295, 200, 900, unless there be pension de-
ficiency, which would bring the surplus,
after deducting the expenditures, to $l15,-
O00.000
During the past four months in the year,
according to the debt statement, $6O,OOO
900 was used in reducing the debt. If the
surplus to be applied shall not exceed
$115. 00O, 900, the average reduction will be
perhaps between 1000, 900 and $8,000,00O
per month during the remainder OF the
fiscal year. The chief and direct
cause of the decrease in the amount Of
the reduction of the public debt was the
payment of more than $8,000,OO0 in pen
sions. No payments for pensions were
made in October, but for the months of
July, August and September the amount
paid was about $24, 100000.
The interest bearing debt of the United
States is as follows:
Bonds at per cent. continued
at 3l5 per cent ....-......-...S l545If, fUO w
Bonds at AZ per cent ......-... 250,OOO,OOO 90
Bonds at per cent ...-------.. l3S94O, lO0 w
Bonds at per cent .....--...... 2SO,394, on w
Refunding certificates ..-.-..-. 4l3,65O w
NAVY pension fund .......... 100000 90
Principal ................... 81, 41S O66 800 90
Interest ......--...... 1O,653, 30S 81
DEBT on WHICH INTEREST HAS CEASED SINCE
MATURITY.
Principal 800. ........... .......S 9545,O55 ~
Interest Observation-Disclosures. AL, 400 GO
DEBT BEARING NO INTEREST.
notes '-. 5 34674O,346 90
Certificates of deposit ..... 9,S45,OOO 90
Gold and silver certificates los, 5O4, 200 %
Fractional currency Sl5,39S,54S)
less amount estimated lost or
destroyed (SS,375,934) .,-...... f,O22,oI4 Il
Principal Observation-Disclosures. $ 472,n2,Ieo II
Unclaimed Pacific Railway int. $3.50 So
TOTAL DEBT.
Principal ....................$ 81, S99 ,Ol5 As
Interest ........... ............. n,lOO,O5S 10
Total 81, $40 s24 ,O73 60
Total cash in the Treasury $685.. 2s7 1867, l79 90
DEBT LESS CASH IN THE TREASURY.
December l. 1882 ........... 81, 622, 956, S99 81
November ]. 1882 ...-......... l,62S, 49,, O42 SIS
Decrease of debt during the ..,., 80
month ...-.-..-.. .-..-.-...... 5,0S4, I4z 81
Decrease of debt since June 30, 80
1881. -......... ......---.. 65,951, Dol Us
CURRENT LIABILITIES.
Interest due and unpaid ...--.s 1,644,O32 70
ceased mn . NO. 9,5l5,O55 %
Interest thereon .-.-....-.- Lug 90
Gold and silver certificates lOS, 5O4,zoO W
United States notes held for re-
demption of certificates of de- ... :.
pOsit .........-..-. ...-.-.-... 9,o4o,VVO w
her l. ISS2 '..1,...-......... IS, ss7, 476 Is
Total ACKNOWLEDGEMENTS 2s7, 1851, l7s 90
AVAILABLE ASSETS.
Cash in the Treasury. ....... $685., s67, 173 90
Bonds issued to the Pacific Rail-
way Companies, interest pay
PrincipaI outstanding .......... 64,623,5l2 90
Interest accrued and not yet
paid .............'. 1,6l5,5s7 30
Interest paid by the United o..oo,
States OBSERVATION-DISCLOSURES. 50,544,ooz -
INTEREST REPAID BY COMPANIES.
Bv TRANSPORTATION service ... $l5, $50 SO
BY cash payments, per cent. 100. -
net earnings. ----..-.-. 900, l9S 81
Balance of interest paid by the
United States ....-.. ..-..-..-.. 39,2f963Z VI
There are now only 525, sos more stand
ard silver dollars in the Treasury than
there were one month ago-and, as $780,
600 were coined during the month, it APP
pears that 100000 went into circulation.
There are now in the Treasury 92,94O,50O |
silver dollars of our daddies.
The following is statement of the coin |
age executed at the minis during the |
=