The Portland daily press., 1884-11-29
Annual Reports.
The COunfry's Finances Reported by the
United stntes Treasurer.

The annual report of the Treasurer of the United
States has been made to the Secretary of the
Treasury. 1t shows that the net revenue of the
government was less than that of 1888 by S49,-
767.712, having been $348, 519,869. The decrease
in the receipts from customs was SIS, ,63e o07; in
the receipts from internal revenue S23, ,134, ,296,
and in the receipts from miscellaneous sources
$8,849, 24S. From the aggregate of these items
should be deducted an increase of 81, ,S54, $50 in
receipts from sales Of public lands leaving the net
reduction as stated. The next expenditures aggre-
gated S244, 4,126, PA, q decrease from the amount
in 1883 Of S21 ,28i 1893. The surplus applicable to
the reduction of The public debt amounted to SIo4,-
1893, ,625, decrease of S28 ABS, ,511 from the pre-
vious year. There was collected during the year
from national banks $50 246.68 on account of
semi-aInual duty on their circulation. There were
held in this office for national banks amounting to
1851 POT $50 of which 1894 lat $50 vas held to
secure their circulation and 211 ,06O. 900 az
security for public moneys deposit.
There was outstanding at the close of the year
S362, ,375,6SO of United States currency amount
redeemed aud destroyed during the year was $685.
972,970. There were redeemed during the year
United States bonds amounting to $9S, ,o38 300 of
which S46 ,769,600 was for the sinking fund, and
81, ,329.25O OF bonds continued at 312 per cent
were exchanged into per cents. From NAV L S6y
the date of the first retirement, the cose of the
year, the amount of bonds redeemed, purchased
converted or exchanged was 81, ,6S4 031. 800 Of
which $484 $780, ,15O was for the sinking fund
There were received for redemption circulating
notes of national banks amounting to Sl26 1872.
572 making the total of such notes. received since
the act of June 20, 1874, went into operation of
81 404 ,43. .125. Included in he amounts received
are S26, ,S57,6S9 in notes of national banks failed
gone into liquidation. or are reducing circulation
This amount has been redeemed. The statement of
assets and liabilities for September 80, 1854 shows
that the general balance was reduced from Sl63 :
232 463 in 1883 to $149. .625, ,S62 in 18S4,-a re-
duction OF $13, 400 The gross assets increased
from $466 IL {, ,8I7 in 1888 10 $51969 .249.-an
If ahor1
to November 1, 1884, the reserve decreased S12,
752 Zoo, due to net decrease in the treasury not
held for certificates outstanding of SI1 437 439
and net increase of liabilities amounting to 81
519815.
The total amount of United States notes redeem
ed in coin since resumption of specie payments was
on June 80 $12,859,0S6. An appropriation of
S13 900 is recommended to meet tho expense Of
transporting United States moneys for redemption
The amount of standard silver dollars coined to
Sept 80 was $lS2 $50. .S29, of wh ch the treasury
held S142. $40 400. OF this amount S97 ,094 88i
was for redemption of silver certificates outstand-
ing. The amount in circulation was S39 Sol 953
The amount outstanding reached the highest point
in December, when it exceeded Sal 100000 an ag-
gre2ate never before reached. The amount of fraG-
tional currency redeemed curing The year was 500
629 and the amount outstanding was 81 355 $3.50
1t is believed that the gain to the government will
be not lest than $l4, 100000 of the S36S 1924 079
of such currency issued by of loss destruc
tien.
there were issued during the year under the pro.
visions of the act of June 8, 1872, on deposits of
United States notes by national banks certificates
amounting to SIG S7O,o 900. and there were redeem
ed ~ ,oxo,eoo, leaylns outstanding Sl2,23o,000
was recsined at a loss of $7229.
AS a consequence of the inability of the treasury
under the existing practice to either silver dol
lars silver certificates in settlement with the New
York clearing house. whereby the far greater part
of its disbursements is made available, gold ran
down from $l56, ,429600 in January l, 1884 to
$116, ,479 989 on Aug. II, 1884, while silver dol
lars and bullion on hand represented by silver
certificates outstanding incI eased during the same
nd from tn
temporary expedent to Stop this drain of gold from
the treasury, the Assistant Treasurer at New York
was directed to use in payments to the clearing
ing house United states notes to the extent of
half payments.
An increase of % SO per cent in the amount Of
bank notes presented for redemption during the
year reflects the condition of the mercantile and
monetary affairs OF the country shown by reports
of increasing business failures and decreasing clear
ing house transactions, and it is continuation in
the course that bank note redemptions have been
pursuing year by year since 1881 Statistics of the
psst ten years show that redemptions invaria-
bly, affected by the business seasons decreasing in
the spring and autumn when trade is active
and increasing in midwinter and midsummer when
trade is dull. The balances of funds held for re-
demption of notes of national banks that have fail
ed gone into liquidation are reducing cirsula-
ton have for some years past exceeded $50 900, 90
Bank notes presented for redemption during the
hrstthree onths of the current fiscal year 81 per
cent In excess OF the amount presented during the
corresponding period of the last fiscal year.
The treasurer renews the recommendation anpu
ally made that an amount be appropriated sufficient
to restore sa aries in his Office TO the amounts for
merly paid.
Secretary TeIier's Report.
The report Of the Secretary Of the interior deals
largely with the status of the Indians He SAYS
that the past year has been of peace among the
tribes, no outbreaks have occurred, and all the
tribes are at peace with each other and with the
whites. During the past year new buildings have
been erected at seyersl Of the agencies for accom-
modation of the children in the boardiDg-schools.
Five new boardingschoo.s and IL new day schools
have been added to the list of schools in success