Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1884-10-31
THE TREASURY SURPLUS.

utuuTtCRH sun EttpeatlnG tnc olu
Stock Falsehood That Over S4OO, 900. 900
Is Locked Up In tho National Treasury.
Mr.. Hendricks knows 1t is false.
Let us look at the Treasury statement
on the first of the present month and show
where this blatant demagogue is wilful-
ly misstating facts that must of neces-
sity be well-known to him. On that
date, of the SA51, 1925 cash in the
United States Treasury, there was held
for redemption of bonds and the pay
ment of interest due 800, CAB, ,6S3; for the
redemption of gold certificates in crcu-
lation, $S7, 1889, ,66o; for the redemption
of silver certificates in circulation, $780,
491, ,251; for the redemption of certifi-
Gates issued on deposits of United States
notes, act of June 8, 1872, S15, 5,630,000;
for disbursing officers, such as Pension
Agents, Paymasters, and subject to
their checks, S23, $40, 922; for drafts and
checks of the Treasurer not yet pre-
sented for payment, S86,575, ,440; five
per cent fund for the redemption
of National-Bank notes, which fund
is made up by and belongs to the
banks, S12 2,575, ,075; for the redemption
of notes of National banks that have
failed, or gone into liquidation or are
reducing circulation, $50, 35S, ,2S3; bal
ance of Post-office Department account,
$S, ,562, ,049; making a total of moneys
held for special purposes of S307, ,94S,-
467. There is, therefore, applicable for
purposes other than as specified an
available cash balance of Sl43, ,041.
A call of bonds to mature November /,
1884, requiring for their payment ST0,-
900, 900, will therefore reduce the avail
able cash balance on that date. OF the
amount of available cash S95, 100000
was obtained by the sale of bonds under
the act of January IA, 1875, to create a
fund for the resumption of specie pay
ments. The amount of reserve for this
| purpose has, as matter of prudent adj
ministration, been maintained by Sc
curities of the Treasury at about $780,
/ 000,0 900, or about forty per cent. of the
amount of the United States notes out
standing, fixed by law at S346, ,6S1 .016.
That is, to put the statements in diff
ferent words, of the cash now in the
| Treasury, there are S199, ,510,51 in gold
and silver, which is represented by GER
tificates, which are in the hands Of the
people, and as much part of the cir
culating medium of the country as are
National bank notes. There are over
twenty millions, which are held to re-
deem bonds now due, which bonds are
in the hands of the people. There are
over eighty-six millions for which drafts
and checks are held by the people, and
which only waits their call for
its payment; there are over fifty
two millions held to redeem Ma
tional bank notes-every cent of which
belongs to those banks and not
to the United States-and every cent OF
which is represented by notes in the
hands of the people; there are over
three millions which are to be applied
to the expenses of the Post-office De-
partment, as is needed. This makes a
grand total of nearly S3OS, 100000 held
forspecial purposes, ,Dl,ich is not surplus.
How much is in the Treasury besides
this? There were on October /, S143,-
234,O41. OF this, S70,000,000 will be
needed within month to pay the next
call of bonds, and will then 90 into cir
culation. So the actual surplus about
which this demagoge pirates so much is
fraction over $40, 900, ,0O0-or about
Sl.25 for every person in the United
States.-IOledo Blade.