Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1883-11-14
FROM WASHINGTON.
OUR FINANCES.
Annual Report Of the Treasurer Of the
United States.

WASHINGTON, Nov. ID.
The annual report of the treasurer of the
United States shows Q decrease during the
year from the proceeding year in the receipts
from customs of $50 ,233, from internal
revenue, 81 81. 226 and from miscellaneous
sources, S94s ,932 and m increase in receipts
from the sales of public lands of s., 202, 724 !;
total net revenue, $39S, 2S7 ISL, which Is
s., 237, 66s less than last year. The net ex-
pendItures amounted to s265 .40S, 1877. an in
crease over 1882 of STAG, 697. This in
crease added to the amount of decrease in
the receipts makes a reduction in the amount
of surplus revenue applicable to the reduc-
ton of the public debt of Sl2 ,66i, 1866. The
principal increase in expenditures was on &C
count of civil and miscellaneous expenses,
amouted to Sll.45S,27l. The expenditures
on account of the interest on the public debt
falling is 1877 ,075 below those for the
proceeding year. The collections on account
Of the semi annual duty on capital circulat.
ing and deposits of national banks Amounted
to 81 Gil .252 in the first half of the year and
collections on account Of dnty on circulation
in the second half, sl.564 52l; the circulat
ing notes of national banks amounted to
Sl02, sos, 677.
The general balance in the treasury was
increased from Sl43 1854 1893 on September
Outi, 1907, " GlOoJ%O-, fOO vi oSptcuoci
30th, 1888, the increase having been made up
as follows: Increase, S3,3S4 ,069; amount
of gold coin and bullion, S6,446, 243; stand
ard silver dollars, 81 1863 PIP in silver bull
lion, SO, 69l SOC; in United States notes after
providing for the outstanding certificates,
from which amount was deducted the de-
crease, g., 65S, 404 in funds for redemption
of national bank notes. Amount of gold and
silver coin and bullion in the treasury during
the year, 1886, 659. Value of United
States notes redeemed during the year was
ST. ,764, ia, which includes $50 200, 900 Of
notes reported as issued and redeemed, which
only passed from the reserve fluid of unis
sued notes, through accounts for the purpose
of destruction. Bonds held in trust for ma
tional banks at the close of the year repres
ent the face value of 1878, 7l2, 800 of which
$780,, 596. 800 was held as security for circula
ton "a decrease of 81, l26, 200 from the
amount so held at the close of the previous
yearl and $l7, Jig, 900 as security for public
moneys deposited with the national bank
depository. Bonds of the United States tC
the amount of $l34.007.75O were redeemed
during the year, S44, $50, 700 of which were
applied to the sinking fund. The amount Of
registered bonds held abroad were decreased
from $50, O6O. 900 in Oct. 1882, to Sl7,l9s,'
900 in Oct, 1888. Of 1904. 2O4 $50 three pei
cent bonds continued at three and one-hal
cent. sos, 6S3, $50 were held in trust fol
national banks at the close of the year. A,
this point the treasurer says: preference
to the statements at different times fer the
past IL years of bonds held in trust for ma
t'onal banks shows they have held 1887,
OOO, 900 of the bonded Indebtedness of the
government, which has been called in ant
paid or exchanged during that period"