Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-11-03
WHAT WE OWE.
A Lengthy Statement Of the Public
Debt.
COST OF MAINTAINING THE ARMY.
The Good Work of 0usting the Villainous
Pension Agen,s Goes 0n-How
Thev Roped in Their
Victims.

ing review of National finances is fur
nished by Major John NJ. Carson, Collector
Of the Committee ca Ways and Means:
The reduction of the public debt for the
last month was $40, ,3O5, 900, and for the four
months ending yesterday $39,6o0,OO0,
against Sl5,6S0,OOO for October 1882, and
$50, 400, 600 for the four months ending with
October g: that year.
An examination of the Treasury figures,
presented for
The First Four Months
of the last and present fiscal years, shows
that in actual results there is not so wide a
difference between the figures Of the two
periods named as indicated on their face.
Taking the receipts and expenditures to-
gether il is found that the surplus on Octo-
ber 81, 1882, $40, 2iG0 900, against $34, 452, 900
yesterday; a difference against the four
months Shst closed OF less than $l2,000,0O0.
The available cash now in the Treasury is
Sl6l, Ass coo, which is $40, 1886, 900 in excess
OF the sum available twelve months ago.
Adding this excess to the surplus OF the
past four mouths, the difference beween
the actual results of the
transactions Of the Two Periods
compared is less than $2C90,000. The re-
ceipts for the four months we're 1921, 400.
900, against $l4j 900, coo for the correspond
ing month of last year. Comparing the
two periods it is seen that during the past
four months there was decrease in Gus
tom receipts OF s., 100000, and in internal
revenue Of 100000.
The Treasury now holds in gold coin and
bullion 500, $50, 700, which is the largest
amount in gold ever held at one time.
Against this there is outstanding in gold
certificates SIS, 400, ,OC9, an increase OF S2},.
0CO,C00 for the month. The number OF
standard silver dollars now on hand is
over SIG ,0Oc. .OCO,
against which there is outstanding $4,000.
OCO in silver certificates, an increase for the
month in these certificates OF SG,OO,OOO.
The avsilsble cash balance Is $l6l 100000,
scainst $l5S, ,0c0 on October l.
Less than 5000 020 of the 80 per cent.
bonds remain in the lnterest-bearing col.
umn OF the debt statement, and as the call
ior these natures to day, the 81 per cents
will no longer appear in that column.
With the redemption Of these bonds, all
the per cent. refunding bonds, authorized
by the acts OF 1870 and and 1871,
Disappear From the Debt Statement.
There was issued OF these bonds S5l7 ,0O0-
coo, and this entire amount has disappear
ed by redemption and refunding since
January l, 1850.
There are two calls ont for the redemp.
tiCn of three.per.cent. bonds, the first OF
which is for Sl5,O00,O0O, and will mature
December /. The second call is for like
amount, and will mature December l5
The Secretary TO day directed Treasurer
Wyman to redeem all called bonds OF these
two calls presented by the Loan Division,
with interest to date OF pregen tation. 1t is
believed that the National banks have on
deposit, 10 secure
Their Circulating Notes,
S0psiidlsrable l sWeant Q5 the $50 OQ4 OQ0ia;
bonds. If the banks should be called on
by the COMPTROLLER to substitute other IN
tsrest. hearing bonds for the called 3 per
cents. il is likely that those institutions
would prefer to surrender their circulation
rather than purchase and 412 per cents.
at the prevailing premium. While this APP
pears 70 be the theory generally accepted,
the statements te'egraphed from here 70
the effect that the banks were already
withdrawing their called bonds, and
Surrendering Their Circulation,
are contradicted by the Treasury. These
show that during the month the aggregate
amount OF bonds held to secure the clrcu-
lation OF National bank notes has not ma
terially changed, that now held being buI
$3.50. 600 below the figures on October /.
during the month $4,000 i'll per cents
were withdrawn by the banks, aud IN the
same time the per cents on deposit have
increased about 100000.
It is believed that Comptroller Knox
will not insist upon the banks at once re.
placing their per cent. called bonds, but
will allow them to maintain
The Threes on Deposit.
OF course the banks will lose the interest
on bonds thus held.
With Sl57, ,CO0,C10 available in the Treas
NV after deducting the called h0nd'
which matured tJ.dayit IS highly prcb be
that Secretary Folger will make another
ell on the per cent bonds before Con-
eIess assemblies.