The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1884-12-05
FEDERAL FINANCES.
Receipts and Expenditures in the
Last Fiscal Year.
Yearly Report Of the United States
Treasurer

The annual report of the treasurer of the
United States, made to the secretary of the
treasury, shows that the net revenue of the
government was less than that of 1888 by
$40 167, 712, having been $34S, 519, $50 in 1884,
while IN 1888 it amounted to 1898 2S7, 5S1.
The decrease in the receipts from customs
was $40, $780, 07 in the receipts from internal
revenue S23, 1874 ,296, and in the receipts from
miscellaneous sources $3.50, 2iS. From the
aggregate of these items should be deducted
an increase of s., 1854 $40 in the receipts from
sales of public lands.
The net expenditures aggregated S244, 1885,
244, decrease from the amount in 1883 of
S21,2Sl, S93. The surplus applicable to the re-
duction of the public debt amounted to $1O4,-
393,G25, decrease of SIS, 4S5, s11 from that of
the previous year. The aggregate amount of
gold and silver coin and bullion held by the
treasury increased from $50, 5l0, 500 in 1883
to $395,2l6,E91 in 1881, AN increase of S42, 105,
4Si. The gross assets increased from 4j6, 49,
81 in 1888 to 1913 69J, 249.
There was no change in the amount of I'M
available funds of the treasury during the
fiscal year, 29,5l4, G65 being still charged as
such; and the unavailable funds of the post
Office department remain as on June 80, 1888,
$37,217.
There was collected during the fiscal year
from the national banks S3,024 Cos on account
of semi-annual duty accruing on their circu-
lation, making the total collected on account
of such duty and that heretofore levied on
capital and deposits since the organization of
the national banking system 27,206, l4S.
There was outstanding at the close of the
fiscal year $780,, 31S. $50 of the various issues
of United States currency, and the amount
redeemed and destroyed during the year was
So, 81, $40 making total redemption since
the first issue of currency of g., 453, 305, s93.
Silver certificates to the amount of So, $780,
600 were issued during the year; $50, 00j, 40
were redeemed, making the total relemptions
S52, ,3O9 The amount nominally out
standing at the close of the year was $l2o,-
S91 .G9l.
The issues of gold certificates authorized by
the act of July II, 1852, amounted to SILL
10000, and the redemptions to S24, 5G1, 40,
making the total redemptionS 81, 4O2, 040,
and leaving nominally outstanding S95,717,-
go. The total amount of gold certificates of
the old issue redeemed to the close of the year
was s91S,5?O, $50, and the amount outstand-
ing S2,G1470J.
of the United States amounting to 800, S3S 300,
of which amount SlG 100, 800 was for the sink
ing fund, and 81, 1923, 80 of the bonds contin-
ued at 81 per cent. were exchanged into
per cents.
The amount of fractional currency re-
deemed during the year was $40, 629, less than
| one-half the amount redeemed during the
preceding year. The amount outstanding at
the close of the year was Sl5,355, 099, The
/ treasurer says it is apparent that the esti-
| mates carried to the public debt statement of
| SS,315,93i rs lost or destroyed, will prove to
! be far below the actual loss or destruction 1t
is believed that the gain to the government
| will not be less than Sl4,0O0,0OJ by reason of
! loss or destruction of such currency
The amount of standard silver dollars
| coined to September 80, 1854, was Sls2 3sO,-
! S29. The amount i'll circulation was $50 sol,
| 953. As usual, the amount outstanding
reached the highest point in December, when
! 1t exceeded s4l, OOUOJO, an aggregate never
| before reached.
! The increase in the amount of fractional
I silver coin held in the treasury was nearly
| So 700, 900 in the year The minor coin in the
| treasury increased by over 800, 900, chiefly in
five and three-cent pieces. OF the latter de-
nomination more than 300, 900 pieces found
/ their way back t. the treasury, and it is be-
! lieved that since the reduction of letter post
! age there is no good reason for the coinage
and circulation OF this coin.
There We're detected in remttances of
! United States notes received for redemption
2}3 counterfeits, of the nominal value of
] i4S4, and in remittances of national bank
notes siXty-two notes stolen prior to regular
Issue, with the signatures of the bank officers
forged thereon, amounting to 500, and 3, S26
certificates OF the nominal value Of S4,G91.
The number of counterfeit silver coins de-
tected from February l, 1854, to September
-, 1881, in the offices of the treasurer and
the several assistant treasurers was as fol
lows: ,564 standard silver dollars out of
81, 1860 received, SO hat dollars out of
/ S3,7l5,3 800 received, and 793 quarter dollars
out of s., 131, 10 received.
There were issued during the year, under
the provisions of the act of June 5, 1872, on
deposits of United States notes by national
banks, certificates amounting to SG,31O, 00J;
there We're redeemed $27, $50 900, leaving out
standing at the close of the year ST., 23j .OO0