Connecticut western news., 1882-12-06
TREASURER GILFILLAN,s REPORT.
Operations of the Federal Treasury During
 the Last Fiscal Xenr.

says that the receipts of the Government show an increase over those of 1881 of $22, 251 ,054. 23 ill the revenue from cus- toms; $11 ,233, 2O9. 94 from the internal revenue; $2, ,551 ,277.2O from the sales of public lands, and $6, TOY, 416. 34 from mis- cellaneous sources, making total in- crease ill the net revenue of $S42, 742, 957.71. The total net revenue was S403,- 525, ,25O2S.
 The net expenditures decreased from $260, TIP, ,8S7. .59 to $251, ,991, ,440. 20, a re- duction of $2, 731, ,4473 39, which, added to the increase in receipts, makes an in- crease of $45, ,474, ,405. 10 in the surplus revenues applicable to the reduction of the public debt. The expenditures on account of interest on the public debt show reduction of $11, ,431 ,534. 39, from $82, sos, TAI. IS in 1881, to $71, ,O77, ,206. 79 in 1882. The excess of revenues over expendi lures was $145, 543, ,810.08, and the amount applied to the reduction of the debt $166, ,2S1, ,5O5.55. The report also says:
 . There was in custody of this office at the close of the fiscal year $376, ,647, 700 in United States bonds, held in trust for national banks, of which 1860, 722, 700 was held as security for circulation, and $15, 925, ,OOO to secure deposits of public money with national bank depositaries. During the year $129, ,474, 400 ill bonds were deposited for these purposes, and SIPS, CPS, 100 withdrawn.
 The amount of United States currency outstanding at the close of the year was 1862, 464, 582 10. There was redeemed during the year $105, 773, 706. 05 ill silver ,t .,f l.>4 ing, and reducing national banks, mak- ing the total redemptions since the first issue of currency %, ,405, ,914, ,779.41. The issues of silver certificates during the year were $24 300, 900, and the redemption $20, 133, ,290, leaving the amount nomin- ally outstanding at the close of the year $66. .096, 710.
 United States bonds were redeemed during the year to. the amount of $166,- 2O4, 45O, of which $6O,O79, 100 was ap- piled to the sinking fund.- The total amount of bonds retired by purchase, re- demption, conversion, or exchange from Malch Il, 1869, to June 30, 1882, Is $2, 149, 549, ,25O National bank notes amounting to $76, ,O99, 1907 were redeemed during the year, making the total re- demption of these notes, under the act of June 20, 1874, $1, ,175, 735, 1922. Con- mencing on the statement of assets and liability of the government on September 30 of the last four years, the treasurer says:
 "The most noteworthy change in the last year Is the decrease of the gold coin and bullion held by the Treasury from $176, 791, ,566.41 to $153, ,047, :, ,964. 12, and the increase of the standard silver dol lars from $G5, ,949, ,279 to 921, ,O25, $50, a decrease in the gold of 23, 743, SOP. 29, and an increase in the silver dollars of $26, ,O76,071. Notwithstanding the de- crease in the last year, the gold owned by the Government is nearly $2O, 900, coo more than two years ago, the amount held last year having been swelled by the deposit of gold coin for exchange on the West and South. The aggregate amount of gold and silver coin and bullion held by the Treasury increased from $269, 706, ,999. 76 in 1881, to $276, IA, 150 O5 in 1882.
 "The amount now held IS more than 1858, 100000 greater than that held in 1879, and nearly $62, 100000 greater than in 1880. The gross assets of the Treasury increased during the year from $331, ,9Sl, ,21O.11 to $346, ,552, ,990.39, al- though the balance remaining after de- ducting the moneys held for the redemp- tion of gold, silver and currency certiti- cates, and for the payment of matured debt and interest, and the amount to the credit of special or trust funds ran down from $151 ,336, 116. 73 to $s143, 964 893. 79. ,
 The excess of the cash assets of the Gov ernment over its net demand liabilities Ll>.o [ 151, ,699,99. The reserve is computed by deducting from the cash in the Treasury the aggregate of the current liabilities other than United States notes. The re- mainder of $135, 151 ,6SS. 99 is considered to be tho reserve available for the re- demption of United States notes. The reserve has apparently run down $11 ,291, 802. 79 since October, 1884, This reduc- tion is accounted for by the fact that by direction of the Secretary payment has been anticipated on $12, ,063, 714.72 il called bonds not yet matured.
 The amount of United States notes re, ceived in payment of duties on imports during the year is $24, $50, 576, as against $19, ,079, ,753 in 1881. The total amount so received since the resumption of specie payments is $186, O53, $50, an average ot $4, ,044, $50 month.
 The amount of standard silver dollars coined from Feb. 2S, 1879, the. date o1 ihe act requiring their coinage, to Oct 31, 1882, is SIPS, ,329, ,9SO, of whicl $93, ,OO6, 3S2 remains in the Treasury anc $35, ,323, ,49S, or about 274 per cent, is 1T circulation. The proportion of the tota coinage in circulation on Sept. 30, 1881 was 34g per cent. Of the $50, ,OO7, 17E coined during the last thirteen months $2, $50, ,072 has gone into circulation and $27, ,057, 103 remains in the Treasury. During seven months of that period the dollars returned to the Treasury exceed. ed in amount those issued, the number in circulation running down from Scc34 950, ,123 on Dec. 31, 1881, to $31, ,56O, 755 on Oct. 31, 1882.
 The amount of silver certificates out standing increased during the fiscal yeal from $51, 166, 53O to $66, ,096, 71O. This increase was entirely in certificates of the denominations of $10 and $20. The amount nominally outstanding at this date is $73, ,607, 71O, of which $7,987, ,26( is held by the Treasury.
 Of the old issue of gold certificates un. der the act of March 3, 1868, there was redeemed during the fiscal year $S745,. 500, ,0OO, making the total redemptions $976, ,097, ,760. 46, introducing the amount outstanding to s5,O37, 12O. Of the issue authorized by the act of July 12, 1882 $139, ,0O0, ,000 have Eeen printed by the Assistant Treasurer in New York Ol these there has been issued to October 31, $21, ,790,0 ,000, of which $14, ,827, ,72O is held in the cash of the various Sub. Treasuries, leaving the amount actually outstanding $6, ,962, ,280.
 The semi-annual duty assessed upon and collected from the national banks fol the fiscal year is as follows On circula. ton, $3, 190, ,981.98; on deposits, g., ,521, 927.47 on capital, $437, 774. 90; total