National Republican., 1883-11-14
UNCLE SANS STRONG BOX.
The United States Treasurer Makes His
Annual Exhibit
Condition OF the Country's Finances
Receipts and Expenditures.

for tho preceding year in the receipts from
customs of S5,7Ol, ,233, from internal revenue
of $1,757,22G and from miscellaneous sources
of 1868, ,032, and an increase in the receipts
from the sales of public lands of S3202,72i.
The total net revenue received during the
year was $3gS, 2s7, ,5Sl, which is $685. 66S less
than the amount received last year.
The net expenditures amounted to $780,
4O5 1877, an increase over those OF 1881 OF
$1i26,697, aud this increase, added TO tho
amount of the decrease in receipts, makes
reduction in tho amount of surplus revenue
applicable 10. the reduction Of the public debt
of $12 66i ,3GG. The principal increase in the
expenditures was on account OF civil and
miscellaneous expenses which amounted to
$11, ,i5S,271, tho expenditures on account of
interest on tho public debt falling ll,0lI075
below those for the same purpose during tho
preceding year.
The collections on account Of semi.annual
duty on the capital, circulation, and deposits
of national banks amounted TO A,Gl1 ,252 in
the first half of the fiscal year, and tho col
lcctons on account Of duty on circulation in
the second half to $1,56i,52 Since the
national bank sys tenn went into operation,
the collections on this account have been
$12i1s1,i79. Tho amount Of United States
currency outstanding at the close of the year
was S3G2, ,i03,3l5, and the redemption during
the year amounted to $130,lS0759. The re-
dcmptions since the first issue of currency
aggregate S. i01500,S6S.
There were issued during tho year silver
certificates amounting to S35,0l0,000 and gold
certificates of the issue authorized by the act
of July IL, 1852, amounting to $S6,710,OOO.
The redemption of silver certificates aggre-
gated $12,519,S79 and Of gold certificates
| 81, ,s3i 900 leaving nominally outstanding at
the close of the year $SS, ,616 S31 in silver cer-
tiicates and $S2,37S,6i0 in gold certificates.
Circulating notes of national banks
amounting to S102, ,609,677, were received for
redemption during the year, of which
S23, ,552 ,279 were in the notes of failed, liqui-
dating, and reducing banks. The aggregate
of bank notes received for redemption from
the passage of the redemption act of 1874 to
| the close of the year was S1,278,27S 1913.
The amount of tho national bank notes as
sorted during the year was $9S,004,5lS, at a
cost of $l47,592, which is equivalent to an
average cost of $1.55634 per $1,000 assorted.
The general balance i'll the treasury in
creased from $143. 1854 1893 on Sept. 80, 1882, to
$l63,232, ,463 on Sept. 80 1883, the increase
| having been made up as follows: On increase
of $3,3Si,069 in the amount Of gold coin and
bullion of $6,4462 2i3 in the amount of silver
dollars of 81 1369,2l2 in the amount of silver
bullion, and of 1861, 1865 in the amount of
United States notes after providing for out
| standing certificates, from which amounts
was deducted decrease of $685. ,404 in the
funds for the redemption of national bank
notes.
The fractional silver coin in the treasury
was decreased during the year by $685., ,725,
and the amount of gold and silver coin and
bullion was increased by $76366, $50, this in
| crease being chiefly due to the new issue of
| gold certificates and the increase in the
amount of outstanding silver certificates.
The gross assets were increased by $780,
| 500. 800 during the year, and the excess OF the
cash assets of the government over its lia-
bilities on the first of November, 1883, was
$3.50. 1925, ,545 as compared with $135, ISL ,6S8 on
the same date in 1882.
This increase of $50, ,755, ia is, however, re-
duced to $26,67O,s56 by the increase in the
liabilities on account Of the postofiice depart
ment, in outstanding drafts and checks and
discussing officers balances, and by the de-
crease in the fractional silver coin in the
treasury and in tlfesfunds on deposit with
national bank repositories.
The number of United States notes out
standing at the close of the year was 65,oS6,-
654, an increase of 2903,607 over the number
outstanding last year. The increase was $2,-
015503 in one dollar notes, 1901, ,756 in twos
$3,s09,545 in fives, $222, 500 in five hundreds
and 81 ,093 900 in one thousand from which was
deducted a decrease of $51 $50 in tens, $780,.
$50 in twenties, $205,S75 in fftes, $751;,
900 in one hunded, $105,000 in five thousand
and $2,100,000 in ten thousands. The amount
of ones and twos outstanding has increased
$l6,95S, ,219 in the past four years.
The number of United States notes re-
deemed during the year was 2O,339, 16i, repre-
senting a face value Of $7I76i,7l4. These
figures include $32,0O0,000 of 5000 ant
$4,000 notes reported as issued and redeemed
which were only passed from the reserve funt
of unissued notes through the accounts for the
purpose of destruction.
There were detected in remittances o
United States notes received for redemption
3l5 counterfoits of the nominal value o
$4,S2s; and in remittances of national bani
notes sixty-one notes stolen prior to regua
issue, with the signatures of the bank officer
forged thereon, amounting to S505; and 40
counterfcits amounting to $4,396. One coun
terfeit silver certificate of the denomination
of $40, one counterfeit compound interes
note of 800, and counterfeit fractional cur
rency amounting to $2S2.90 were also detectet
in remittances received.
There was redeemed during tho year SAG.
557 in fractional currency, leaving Sl5,376, ,62
of this class Of money outstanding ut tn
close of the year.
The amount of standard silver dollar
coined to Sept. 30, 1885, was 1854, $40, 500, G
which 500, 12l 1856 was then outstanding, an
$ll4,576,0i4 held by the treasury, S94, ,490,2i
of the last mentioned amount being held fo
the redemption of silver certificates.
The bonds held in trust for national bank
at the close of the year represent face valu
of 1919, 1880 of which 1856, ,596,500 wer
held as security for circulation Ia decrease
S4,126,2O0 from the amount so held at tn
close of tho previous Year,, and $17, 116,0O
: as security for public moneys deposited wit
national bank repositories. During the yea
$26S, 400 in bonds were deposite
for these several purposes. aud $40
. 100000 deposited were withdrawn, til
, total movement of bonds amounting to $539
007,0 ,000 Bonds of the United States to til
, amount of $l3l ,009 $50 were redeemed durin
i the year, $H,S50,7G0 of which amount wa
! applied to the sinking fund. There were ais
retired by exchange into 3 per cent bono
authorized by the act of July II, 1882, 1904
252, 900 of the bonds formerly bearing 81 pC
. cent. The total amount of bonds retired b
purchase, redemption, conversion, or eS
change, from March IL, 1863, to June 80, 1SS
I is $2,5S7, 7,Sll000.
: Bond coupons amounting TO S9,562, $50 wei
paid at the various offices of tho treasur
a during the year, the decrease from tho hgur,
a of last year being duo to the redemption
f loans and the conversion of coupon bone
i into registered bonds; 20s3s0 checks, repr
n senting the face value of as OO3, 100, we
: issued during the year in payment of intere
: on registered bonds The number of checl
issued last year was 32l ,623, and the decrea
for this year is due to the redemption of loaI
and the gradual decrease in the number
holders of bonds.
a The number Of the holders of per cen
- registered bonds decreased from 5O,s50 in q
tOber 1SSo tO AZ IA in Octoher 1sS2 NH,