The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-07-04
WASHINGTON NEWS.
ANALYSIS OF THE NATIONS DEBT
70, tn. Fiscal Year Jus. clo..d-woudsrral yla.n,
eIsrIng-Dscrsass ia Principal and Istsrsst
Ch.rssu-Gllms Second will Probably
bsC4llod to Time By the President.

WASHINGTON, July S.-The following
analysis OF the public debt statement fol
June is supplied by Mr.. John NJ. Carson
clerk Of the Committee on Ways and
Means:
The fiscal year has closed with mucl
more favorable exhibit than was anticipa
ted, the reduction in the public debt fol
June being over $lS,OOO,OOO, and for thu
twelve months nearly slss.0O0,OO0. Tht
reduction for the last month is, perhaps
the larg st ever made in single month BY
the ordinary methods OF business. Thert
may have been occasions when tht
monthly reduction exceeded that OF las
month, but II so the result was obtained BY
the covering into the Treasury Of some par
ticular money which had been hitherto
regarded as liability, or somt
such fund as the Geneva or CHI
nese indemnity. Even when, In
March, 1877, over ST, 100000 were covered
into the Treasury, that being the amount
of the unappropriated balance Of the Gene
va award, the monthly reduction was but
Sl4, 600, 600. In September, 1881, the re-
duCtion was about $l7, 800 900, and in Au.
gust, 1882, it was over Sl6,O00,000. But 1t
cannot now be recalled that for any one
month the ordinary receipts exceeded the
expenditures by over $lS000,0O0. This
unusual reduction OF last month is attrib.
utable TO very large increase over May in
Custom receipts, and large reduction in
4 lsnk
toms for June were $40, zoo, 900, an increase
over those for the preceding month Of
about 100000, while the disbursements
for pensions were but 100000, against
several millions during May.
REDUCTION IN THE DEBT.
The reduction in the interest-bearing
debt for the year just closed is 1926, ,5Sl $50,
which secures a permanent annual re-
duCtion in the interest charge Of 50 $685.
40l. The extent to which tho annual In
terest charge has been reduced can only
be appreciated by giving the actual figures.
In August, 1865, when the bonded debt
was at its highest point the annual in.
terest charge was nearly sl7l, 100000, the
actual liability on this account being $780,.
$4,000. The annual interest charge Il
now S5l ,4S6, 200, reduction OF nearly
Sl00, 100000 in eighteen years, the re.
duction OF principal for the same time
being over sl00000,000000. When the
refunding operations under the act OF 1870
were completed by Secretary Sherman,
which occurred August !, 1879, the annual
interest charge was nearly !SS4 ,000, 900.
Since then q reduction OF over So, 900 900
has been made in this item, which repre-.
sents an annual saving to that amount.
The available cash balance is over $780,.
900 900, an increase, since June ], Of nearly
S200O0,000. The gold coin and gold bullion
fund is over Sl9S,000, 900, an increase for
the month OF nearly S5,000,00O. There is
no ino.eass Tor tho Fleuth in gold certi.
ticates outstanding, the amount OF these
certificates now outstanding being nearly
500, 100000. The Treasury now contains
within a fraction OF Sll2, 900 900 Of standard
silver dollars, against which there are out
standing in gilyer certificates S72,620,6 ,6S6.
The net increase for tbs month in the
number OF these coins coined by the Gov.
ernment is about s., 100000. In gold and
silver certificates, there are now outstand.
ing oyer sls2,0lQ, ,Q0a, Thich, added to the
volume oil Y: ). notes, woulq make the
amount Of Government notes in circnla'
ton s4s0, 900, 0,90l. Since July ], lSS2, there
have been $a5, ,000,bQ0 added TO the stock Of
silver dollars in the Treasury. The stand
ard silver dollars now in the Treasury, re-
duced to bulk represent 1852 tons, Of 1000