The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1883-11-14
OUR FINANCES.
Annual Report Of the United states Treas.
ufer.

WASHINGTON, Nov. 13.-The annual report
decrease during the year from the preceding
years in receipts from customs of $5,704, 233;
from internal revenue, S1,777,226, and from
miscellaneous sources, 95S,s32; and an in
crease In receipts from the sales of public lands
OF $3 2O2,724. Total net revenue, 1896, ,2S7 ,581,
which is 50 ,237 ,66S less than last year. The
net expenditures amounted to S266, ,40s, 1877, an
increase over 1882 Of 81 ,426,6s7. This increase
added to the amount Of decrease in receipts
makes reduction in the amount of surplus
revenue applicable to the reduction of the pub
lie debt of $12664 1866. The principal increase
in expenditures was on account of civil and
miscellaneous expenses which amounted to
Sl1, ,458,271. Expenditures on account of in
terest on the public debt falling s11, GIT ,075
below those for the preceding year; collections
on account OF the semi-annual tax on the capi-
tai, circulation and deposits of national banks
amounted to "a GIL .252 in the first half of the
year and collections o. account OF tax on cir
cuiation in the second half to 81 564, ,521.
The circulating notes of national banks re-
ceived for redemption during the year amount.
ed to $102, ,699,677, OF which $23,552,279 was in
notes of banks that failed in liquidating or
reducing circulation.
AHo Son0roi udanoo ~ tAo tIoaSury WAS iu-
creased from $143,964,8 1893 on Sept 80, 1882 to
Sl63 ,232 ,463 on Sept. 80, 1883, the incrssse
having been made mp as follows: $3,384, ,069
of gold coin and bullion; Sc, ,446 .243 standard
silver dollars; 81 1865, ,2l2 in silver bullion and
$3,691, ,866 in United States notes. After pro-
viding for outstanding certificates from which
the amount was deducted there was decrease
OF 2,658 404 in funds for redemption of ma
tional bank notes. The amount of gold and
silver coin and bullion In the treasury during
the year was increased Ste, ,366, ,659. The value
OF United States notes redeemed during year
was SIT ,764 714, which includes So, 600 900 OF
notes reported as issued and redeemed, which
only passed from the reserve fund of unissued
notes through the accounts for the purpose of
destruction
The bonds held in trust for national banks at
the close tf the year represent face value OF
S373 800, of which $3.50, ,596 800 was held as
security for circulation Ia decrease of 50, 1866
200 from the amount SO held at the close of the
previous year, and SIT, lie, 900 as sec urity for
public moneys deposited with the national
bank repositories. Bonds of the United States
to the amount of S134, ,009,750 were redee med
during the year, S44. $50, 700 of which were ap-
piled to the sinking fund. The amount OF
$50, ,060,00 in October, 1882. to SIT 1893 900 in
October, 1883. OF 1904 ,2O4 $50 three per cent.
bonds issued in exchange for bonds continued
at 81 per cent, 5000 683, $50 were held in trust
for national banks at the close of the year. On
this point the treasurer says, Reference to
the statement at different times for the past
twelve years, of bonds held in trust for nation
al banks shows that they have held 1887 ,000,-
090 of the bonded Indebtedness of the govern
ment, which has been called in and paid, or
exchanged during that period"