The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1884-07-10
THE FISCAL YEAR.
State Of the National Finances at IT.
Clese-SOme Interesting
Figures.
Reduction in Revenue for the Past Year
a. Compared with Preceding
Twelve Montha
Washington telegram-l


The Government fiscal year closed on tho
30th ult.. and the public debt statement
shows reduction of $lOl zoo, zoe, against
reduction of $l38. GOO, 900 during the previ-
Gus year ending June 80, 1883. An enmi-
nation Of the interest bearing debt shows.
however, that the actual reduction dur
ing the year has been nearly l2,OOO, 900,
which represents permanent annual saving
in the interest account Of over IS, 25O, 600
The one hundred and twenty-eighth call.
for per cent. bonds matured June 80, and
the $40, 900 900 thus called we're taken from.
the column Of bonded debt, which will ex-
plain the apparent discrepancy between tho
aggregate reduction given in the debt state
ment and the actual amount Of reduction
in bonded debt for the year as given In these
dispatches.
The gold coin and bullion fund is now
nearly sos, 000, 900, an increase since June
of about So, 600, 900; while, however, this
fund shows an increase of $3.OO0,0OO for
the month, there has been O decrease in the
amount of gold owned by the Treasury OF
1900, 600, the outstanding gold certifi-
Gates having increased since June Sl2,-
600, 600. The amount of these certificates
now outstanding is over ST. ,000,0OO, and
the amount of gold in the Treasury not
The number of silver dollars now on
hand is $l35 $50, 916, an increase Of nearly
So 200, 900 for the month, and since July l
1883, of $23, GAG. 1877.
The amount of silver certificates out
standing is 500, 600, thus leaving the
number Of silver dollars not covered by
certificates over $4,000, 900, an increase
since June OF nearly $4,000,000.
The available cash in the Treasury is
1888, SS7 ,439, falling off of $4,000, 600
since June.1, 1888.
During the month the national hanks
Withdrew sc, 1000, 900 in per cent. bonds
forredemption under the call, and deposited
in their place 81, 600. 600 of higher rate
bonds. The amount of bonds now held to-
secure national bank circulation is 1854
0O0, 600, against 1857 ,000,000 one year ago.,
thus showing withdrawal of bank circula-
ton for the year of about $40 900, 600. The
contraction, however, In this portion of the
circulating medium is more than eompen-
stated for In the increase Of outstanding gold
and silver certificates, during the past twelve
months the increase in silver certificates
having been nearly sd, 100000 and gold
certificates over S1l 900, 600.
The total receipts for the year We're
S34S, 000 600 against 1898. 000, geo for the
preceding year, difference OF 800, COG, coo
In round numbers.
During the discussion of the tariff bill IN
Congress it was estimated that the passage
of the revenue bill then pending would
work reduction of about SIC, 000, 900 per
nnnum. The actual reduction in these two
sources, as shown by figures reported TO the
Treasury Department, is n few thousand
short of S42, 000, 900. the reduction In Gus
toms having been S19, 0o0, coo and internal
revenue $Z5, 900, 900.
The following table shows receipts from.
all sources for the fiscal year compared With
those for preceding fiscal year:
iSS4. 1888.
| ON l0J -ae DC