The Republican. [volume] (Oakland, Md.) 1877-current, 1883-11-24
SATURDAY. NOV. "a. 1888.
We are under obligations to Hon.
M. G. Urner for valuable public docu-
ments.
The Nations Finances.

IU0 NdblUu luduCoSs
The annual report of the Treasurer
of the United States has just been
submitted to the Secretary of the
Treasury. The following is synop-
sis of its more important points;
There has been a decrease during
the past fiscal year. from the figures
for the preceding year, in the receipts
from Customs of S5,704, 233, from In
ternal Revenue of SLIT, 226, and
from miscellaneous sources of $685.
932, and an increase in the receipts
from the sales of public lands Of 49,
2O2,724. The total net revenue re-
ceived during the year, was 1898, 2S7,-
5S1, which is S., 237 1858 less than the
amount received last year.
The net expenditures amounted to
$685., 40S. 1877, an increase over those of
1882 of 81, 426, 697, and this increase,
added to the amount of the decrease
in receipts, makes reduction in the
amount of surplus revenue applicable
to the reduction of the public debt of
S12,604, 1866.
The amount of United States cur
rency outstanding at the close of the
year, was 1862, 403, 315, and the re-
demptiOn during the year amount to
$3.50, 180,759. The redemptions, since
the first issue of currency, aggregate
S2,407 ,590,868.
There were issued during the year
silver certificates amounting to $685.
100000, and gold certificates, of the
issue, authorized by the Act of July
-, 1882, amounting to SS6.710,000.
The redemption of silver certificates
aggregated S12,519,S79, and of gold
certificates 81, $4,000, leaving nomi-
nally outstanding at the close of the
year SS7, 6l6, 1871 in silver certificates,
and S82, 1878, $40 in gold certificates.
Circulation notes of National Banks
amounting to S1O2,699,677, were re-
ceived for redemption during the
year. of which S23. 1921 were in
notes of failed. liquidating and re-
ducing 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 81 ,27S, 278, 1853.
Tho OronoraJ Ionno io Tho
ury, increased from 1884 1893, on
Sept. 80, 1882, to S16S, 232, 1853, on Sept
80, 1883. The gross assets were in.
creased by 500, 566,927 during tie
year, and the excess of the cash as.
sets of the Government over its la.
billtieS on Nov. l, 1888, was $780,
822,545, as compared with S135, ISL.
6SS on the same date in 1882.
There were received during the
year in payment of duties on i'm.
ports, United States notes to the
amount of S27 1887 ,216, the aggregate
of such receipts from the resumption
ofspecie payments to Sept. 80, 1888
being S210, 405, 404.
Bonds of the United States to the
amount of $l34, 009,75O were redeem
ed during the year, S44, S50,700 Of
which amount was applied to the
sinking fund. There were also re-
tired, by exchange into per cent.
bonds, authorized by the Act of July
II, 1882, 1904, 252,0O0 OF the bonds
formerly bearing 81 per cent. The
total amount of bonds retired by
purchase, redemption, conversion or
exchange, from March IL, 1869, to
June 80, 1888, is S2,5S7 ,811 900.
Of the 1904, 204,35O of per cent.
bonds issued under the Act of July
~, 1882, in exchange for bonds con,
tinued at 81 per cent. S209, 1888, $50
more than tWo-thirds of the entire
amount, were held in trust for Ma
tional Banks at the close of'the year.
The Treasurer recommends an APP
preparation to continue the distribu
ton of fractional silver and minor
coin, the appropriation made for that
purpose, by the Act of March, 1888
having been exhausted about Oct. |.
He also recommends the redemption
and retirement, by recoinage into
five-cent nickels, of the three-cent
piece of the minor coinage.
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