The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1884-12-05
U. S. TREASURER'S REPORT.
Treasurer Wyman's Statement of the
Financial Affairs of the Government, for
the Past Year.


Treasurer Wyman's Statement of the
Financial Affairs of the Government, for
the Past Year.
WASHINGTON, Nov. 29.-The annual re-
port of United States Treasurer Wyman
was made public yesterday. 1t shows that
the net revenue of the Government for the
fiscal year ended June 90, 1884, was less
than that of 1883 by $40, 767,712 having
been $348,519, 500, while in 1888 it
amounted to 1898, $751; 81. The de-
crease in the receipts from Gus
toms was $19,639,O07; in the receipts
from internal revenue, 1913, 1874, 296, and
in the receipts from miscellaneous sources,
rs, 849,248. From the aggregate of these
items should be deducted an increase of
81, S54, $40 in the receipts from sales of pub
lie lands, leaving the net reduction as stated
above The net expenditures aggregated
1914, 1876, 244. a decrease from the amount in
1888 of 1921, 2S1, $685. The surplus applicable
to the reduction Of the public debt amounted
to $104, 1913, 625, decrease OF $28,485,S
from that of the previous year,
The Treasury reserve for the year ended
November 1, 1884, decreased $12, 1852, 255,
or from $3.50, 1922, 545 in 1888 to $148, 070, 300
November l. 1884. The cash fell below the
forty per cent. in excess of demand liabili-
ties lawfully required, in August only, hay
ing been as high as As 40 year ago, and
on November 1, 1884, it was AZ 710 per
cent The average since resumption has
been SO 9-10 per cent. The amount of
standard silver dollars coined to September
Of 14rl1io I +b6a
Treasury held $142, 349, 4O9 OF this latter
amount $97, 1894, 1881 was for the redemption
of silver certificates outstanding. The
amount in circulation was 39,8O1, 953.
During the past fiscal year 1926, 1872, 572
in National bank notes were presented for
redemption, being % $500 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 mercantile and monetary
affairs Of the country as shown by
reports of increasing business failures
and decreasing clearing house transac-
tions; and it is continuation in the
course that bank-note redemptiOns have
been pursuing year by year since 1881. The
aggregate amount of bank notes presented
for redemption during the past ten years,
expressed in round numbers, was 81, 404,
900, OOO-a yearly average of $4,000, 900.
The actual redemptions varied widely from
this average, running up to $242, 900, 900 in
1877, and falling off to $50, 000 900 in 1881;
in the one case exceeding the average by
$102, 100000, and in the other falling $751;
600, 900 below it,
The large redemptions of the years 1875
70 were to some extent due to the depres-
sion in business succeeding the financial
and commercial panic of 1873, and the COM
paratiyely small redemption in the last five
years (1880 to 1884 may be attributed to
the recovery during those years from the eff
fects of that panic, the increased activity of
business and the benefits attending the re-
sumption of specie payments. The statistics
of the ten years show that the redemptions
are invariably affected by the business sea-
sons, decreasing in spring and autumn, when
trade is active and increasing in midwinter
and midsummer when trade is dull. The
notes presented for redemption 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.