Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1882-12-12
TIVE TREASURY
Secretary folgsr's statements and sugSe>-
tions-Twenty-four Hundred Ton. Of
silver stored tu the Treasury.

The Secretary tthe Treasury has submitted
4 annual report for the fiscal wear ending June
80. lSS2. Ordinary revenues from all sources Tor
thr wear were Siu3. -. 2JO2N, ordinary eNpcndi-
lures Tor the same period were S25s. 9Sl, i39 %.
Adding so. 81. 6eiSi, the amount drawn from
tie cash balance OF the treasury makes surplus
OF : 6S Isl a0i.iJ which has been applied 20 the
redemption OF bonds. The requirements Of the
sinking fund Tor the past fiscal year, including
the baancr o; $40 30j,S73E from tie preceding
wear has been fully met. II Is estimated that
the requirements tor toe present fiscal YEAR viii
De 81 ~ 9j6 % OF which there has bcea applied
during the iirsl tour months %; the YEAR the sum
OF SCI 1885, $50. Receipts, actual and estimated,
fur the present fiscal year, are Sil0,OJJO1J. ana
the expenditures, actual and estimated, $50
100000
In regard to the issue Of , per cent. bonds IN
exchange for y per cents. authorized hS act oi
Congress OF july l2ih, lSS2. Secretary tOIger cN-
prose-, the belief that LAY the plan adopted Al the
department. justice has been done 10 all IN this
exchange The reduction in the annual interest
charge los reason at these exchanges i SIiJ,lS
81 The department. knows no reason why II
>sould not continue 10 ahOrd every iacIhiv ioT
these exchanges 80 long - 50 per cent boi'us It.
main outstanding and uncalled.
There IA, on hand IN the SuD-trea>ury Nov.
Ii. S16 50 23- SO OF tract OUGl silver cola IN
ali there were 2fOO tons Of silver coin stored IN
The public vaults. II the coinage OF standard
silver dollars keeps up, and the demand ioI
them for circulation Is a. dormant a. now II
will be serious question where Tue
,rra.ury DEPARTMENT will md IN pubic
receutscles storage room therefor. The
amount OF sllve- certificate. outstanding Nov. l.
1882. was about St5,JO0,OJO. The treasury
holds nearly all the standard silver doi,sIs
coined duuug the year ended Nov /, 49,
Judging from past experience We heet ho' eH
ne. an Increased demand iOT silver dollars. IL
1, 10 he looked for that the place for silver Ger
,i.,tte> win be 10 a great extent supplied Nv
gold certificates. The Secretary repeatS Ills rec
concentration that provision Tor nNed amount
~ standard silver dollars each month be iepeait4
and The Department be. authorized % eoih ON,
% much a. IS necessary 10 supply the demand
Recommendation i renewed .Or the repeal OF the
act giving issue of silver certificates, and Tor
IavS authorizing measures for their eariy retire
mani nom circulation. Coinage at the minis
during ne fiscal year MAS, gold, So 40 Az %
standard silver dollars. S2I112OiJ.OOi irdciloh-
Al silver coins Sll 3l31j; MINOR coins, sol, D.
/ rs: total, Sll7 Sal ,j9i The coinage OF gold
was nearly Sll, 10000 more than IN any pre-
! y;ou, wear in the history OF the minis.
The number OF national banks ORGANIZED our
| inc the wear is III, The greatest number organ
! lied during any one year since lo'Z. Ahe mum
- of hanks in operation i 2,26S, more IMAM IL
/ Nv rreyious date. On Oct. Sd of the present
var they had an aggregate capital OF SioS, lVi,-
/ 3i3. surplus sl3l 81. 4j0: individual deposits
I ~ I22 AZ So; loans 81 ,25S.2Sb,0-t. lhe sec
relary earnestly recommends carelul REVISION
of the tariff with view to substantial reductiohs
/ The accomplishment of this is recommended 10
] -. r-s.enr Corrtcss which has been FULLY aware
/ of the approaching financial situation rs j.
\ now presented and has fully discussed the suO'
I lee, in some OF its bearings. Secretary fOiger
also discusses az length measures Tor tue Oeheii'
/ of our foreign commerce., gives oeial!s oi INK
4 work OF our revenue marine Hie Saving seIN'o
I ,v,-ar Olg
| atoms for the Improvement oil eacu auu d"
Rev. q. Leon Walker, formerly of State street
! Congregational church. Portland, ana heN' nc"
non Smvth. formerly of the First church, Ban
! cor have been elected directors at large Oh INT
| Connecticut Home Missionary Society =. hev
! Americus Fuller, pastor at Halloween loo--oo
bas accepted call 10 a new church enterprise II
| Milwaukee. wis.....Rev. II. A. Loring' pastor
| AZ Foxcroft and Dover, lSlo-So, resigns De u, Ie
! cent charge in Holhrook. Mass. .kev. hlch
/ a,d r. Thurston, AT Waferyille, le4o-oo, accepts
/ = call 10 North Greenwich, Conn.,. Rev. Geo
| u Wilson. pastor of Second Church, biddciOrd
/ ISSO-S2. accepts call TO OwaSso, Michigaa.''.
| Rev. Edwin Johnson, pastorof Hammond niiee
church. Bangor, ls6l-65,is with his vile Teaching
lourishing young ladies school IN MorrlSanla
Nv Work Rev.. Lawrence Hiil,who Is sup
IT,, the churches al Sharon and FArminsto'
E.lIs j. a native OF Scotland, and educated
rd,nbnr- and Glasgow. Rev. X. ii. McGown
ia,e Ar Machiasport. is now supplying the churcl
in Turner. >. President J. L. Chamberlain. hon
\. Dingley, jr, and Rev. Dr. siephen iuursuo
are Vice Presidents from Maine,ot tne Ainer'c "a,
Missionary Association. Rev. G. X. Merrill
nssror OF Second Church, Biddeiord, lSI6-Is,wa
secretary of the Association at its recent snnua
meeting in Cleveland. Ohio Rev; Z. L. ho,st
nasior al New Sharon, 1879 TO 81, IS lns,alle
psstof A, stoughfon. Mass. Rev. J. \; HAIRS
horne, pastor Of Bethel church, Portland, iooi
/ I-f,Nr In. TnE
yssrsnce. Mass. ;. Rev. J. W. Brownviile,
prdy,on ,sTS-77. accepts a call TO Hanover
Mas. Rev. John II. Quincy, in foxcroit' iSo'
- Is AZ Dover, aud Rose Prairie, Dakota; .. ne,
a,irew Dorenus, in Upper saltwater, 1866, !
now ar Mendoza and Albany, Wisconsin.