The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1884-12-11
U. S. TREAsuRER's REPORT

Treasurer Wyman's Statement of tho
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 1888 by $40, ,712, having
been S34s, ,519, ,S69, while in 1883 it
amounted to S39s, ,2s7, ,5s1. The de-
crease in the receipts from Gus
toms was $19,639,007; in the receipts
from internal revenue, S23, 134, ,296, and
in the receipts from miscellaneous sources,
$s, ,s49, 24S. From the aggregate of these
items should be deducted an increase of
81, 1854, $40 in the receipts from sales of pub
lie lands, leaving the net reduction as stated
above. The net expenditures aggregated
1914, 126, ,244. decrease from the amount in
1888 of $21, ,2S1, 1893. The surplus applicable
to the reduction of the public debt amounted
to S1O4, 1893, ,625, decrease of $28, ,4S5, ,S18
from that of the previous year,
The Treasury reserve for the year ended
November l, 1854, decreased $12, 752, 255,
or from $3.50, ,S22, ,545 in 1883 to S14S, ,070, ,290
November L, 1884. The cash fell below the
forty per cent in excess of demand labili-
ing been as high as 46 4-1O year ago, and
on November /, 1884, it was AZ 7-10 per
cent. The average since resumption has
been SO 9-10 per cent. The amount of
standard silver dollars coined to September
so. 1884, was S1S2,3S0, S29, of which the
Treasury held S142, ,349, 400. OF this latter
amount $97, ,094, SS1 was for the redemption
of silver certificates outstanding. The
| amount in circulation was $39, ,S01, 953.
During the past fiscal year 1926, 152, ,573
in National bank notes were presented for
redemption, being 81 S3-100 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,-
O0O, ,0O0-a yearly average of 1000, 600.
The actual redemptions varied widely from
this average, running up to S242,000, 900 in
| 1877, and falling off to S59, 100000 in 1881 !;
in the one case exceeding the average by
S102, 0O0, ,000 and in the other falling $751;
OOO, 900 below it.
The large redemptions of the years 1876
70 were to some extent due to the depres-
sion in business succeeding the financial
and commercial panic of 1873, and the COM
paratively small redemption in the last five
years (1SS0 to 1884 may be attributed to
the recovery during those years from the eff
cts of that panic, the increased activity of
J!siness, 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.