Huntsville gazette., 1884-12-06
NATIONAL FINANCES.
Items From the Annual Report OF the
treasurer of the United States-A Large
HIminution of the Net Revenues For the

Treasurer of the United States-A Large
Hininution of the Net Revenues For the
Past Year.
WASHINGTON, d. c., November 20.
The report of United States Treas
urer Wyman was made public yesterday.
1t shows that the net revenue of the Gov
ernment for the fiscal year ending June
Soth, 1884, was less than that of 1888 by
S49,767,7 ,7l2, having been S3i8,5l9, ,6GS,
while in 1883 it amounted to $39S, 287, ,56 ts
The decrease in the receipts from CUE
toms was Sl9,639, ,007, in the receipts
from internal revenue $23.134, 1896, and in
the receipts from miscellaneous sources
SS,o49, 248. From the aggregate of these
items should be deducted an increase of
Sl,S54, $40 in the receipts from public
lands, leaving the net reduction as stated
above. The net expenditures aggregated
S244, 126, PA, decrease from the amount
in 1888 of S21 ,2Sl, 1893. The surplus ap-
plicable to the reduction of the public debt
amounted to Sl04, 3,625, decrease of
S2S,4S5,8l8 from that of the previous
year.
The Treasury reserve for the year end
ed November lst, 1884, deceased $l2, 2,752,-
255, or from $l60, S22,5 $40 in 1883 to
Sl4S,070,290 November 1st, 1884.
The cash fell below the 40 per
cent. in excess of the demand of lia-
bilities, lawfully required, in August
only, having been as high as 46 4-l0 a
year ago, and on November lst, 1884, it
was AZ 7-l0 per cent. The average since
resumption has been 81 9-l0 per cent.
The amount of standard silver dollars
coined to September 30th, 1884, was
$lS2,3S0, ,829, of which the Treasury
held $142, ,349, 400. OF this latter amount
$97, ,094, 1881 was for the redemption of
silver certificates outstanding. The
amount in circulation was $39, sol ,593.
During the past fiscal year Sl26, %
572 in National bank notes were present
ed for redemption, being 22 83-l00 per
cent. more than in the preceding year.
This increase in the amount of bank notes
presented for redemption, the Treasurer
says, reflects the condition of the mer-
camille and monetary affairs OF the coun-
try, as shown by reports of increasing
business failures and decreasing Clearing
House transactions, and it is a contlnua-
ton in the course that bank note redemp-
lions have been pursuing year by year
since 1881. The aggregate amount OF
bank notes presented for redemption dur
ING the past ten years expressed in round
numbers, was 81, l,404, 100000, a yearly
average of $40, 900, 900. The actual re-
demptions varied widely from the aver
age, running up to S242 1000, 600 in 1877,
and falling off to $50, ,000,0 600 in 1881; in
the one case exceeding the average by
Sl02, 200, 200, and in the other falling
S81 ,000, 900 below it.
The large redemption of the years 1876
1879 were to some extent due to the de-
preston in business succeeding the finan-
cial and commercial panic of 1873, and
the comparatively small redemptions in
the last five years, lS80-lSS4, may be at
tributed to the recovery during those
years from the effects Of that panic, the
increased activity of business, and the
benefits attending the resumption OF
specie payments. The statistics of the
ten years show that the redemptiOns are
Invariably affected by the business sea-
son, decreasing in spring and autumn
when trade is active, and increasing in
midwinter and midsummer when trade is
dull. The notes presented for redemp-
ton during the first three months OF the
current fiscal year are thirty-one per
cent in excess of the amount presented
during the corresponding period OF the
past fiscal year.