The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1884-12-04
TREASURY REPORT.
FORMIDABLE ARRAY or FIGURES,
The nuried uenps Of Troasurs-sil'er aud
Gold Relation ~ the New Work
Clearing iious Year. Of De
preston Counterfrits,


slq.7d1,7l2. Tho decrease in rec, ipt'
from customs II Slg,Ga,'OIi In receipts
from miscellaneous sources, SA,Sip,2ls
. rrum tho aggregate Of those iteni'
should he deducted an Increase OF ~,
Sh,SiO i'm receipts from sales OF publ,
lands, leaving anet reduction, rs stated
anOVe,
The net expenditures aggregate S2li,
I l9i,2ii; decrease from amount In lsAi
~ Isl 500, The surplus applicable Ia re-
duriiun nf the public dUllt, amounted u
SIS :eri ti95; decree ~, SIS, iSl.SlS, FROM that
uf the previous year. The items OF eN'
lpeudituTOs, showing the decrease, are IA
hllows; ON account OF war department,
S0isl 10; interior department, Sl,i61,'
GiB; interest on public debt, Si,5si,I52.
There was IN Increase of S2,2i., Ill ~
the expenditures account of civil and
miscellaneous, and S2,0po, l6i In eNpendi-
lures account of the navy department.
Disturbing officers of the United
states had In their Gro 10 N the books
Of the treasury, nj the close OF the year
So, iG3,aS0.
There were nominally outstanding NJ
The close of the fiscal year In silver Ger
tilicates amounting to $l.Osol ,69l; IN
crease, S32,27i, 500.
During the year the amount held by
the treasury increased from Si5,NS,lil
to S23.3Si $50. thus leaving actually out
standing $07,5O7Oll; actual increase
81, SSG,32T.
Amount of standard silver dol arS
coined To- September 80, 1851, was SIS,
$50, so, of which the treasury held Sli2,-
3ig,lO9. Ofthis amount ,SSl wa
| for INC redemption of SILVER certificates.
| The Outstan Ting amount in circulation
| was S31, sol ,9j3, or about 2lS per cent Of
! tho total coinage.
Statement Of assets and liabilities for
| Scptem 30, 1851, shows the general
balance reduced from SlG3, b. In lsS3
tn Sll9,525,0G2 in 1851; reduction, $l3,
| 701i0n.
J Aggregate amount of gold and silver
com and bullion held bV the treasury
/ increased from $S52 5lO,S09 In 1851 to
| S39j. 2l6,2g7 in 1881; increase, Sl2 1O5,iS3
| Gross assets increased from SiJb, 10,
! Sl7 in 1883 10 $5l0,690,2h in 1881; increase.
$3.50, 43l from November /, 1883, 10 No
! veinber !, 1881.
Reserve decreased 81, 752 2j5, or from
500, SD ji5 to 81 iS,070,&O.
As the Il ual amount outstanding
reached the highest point in December
when il exceeded Sil 100000, AN aggre-
gate never before reached. The de
crease to June was not rs great as III
previous years, probably owing 10 the
scarcity of II and 81 hi!ls,and onSeptem
Der 30 the amount was SGSO,1r7 greater
than on the same date of 1883.
Counterf,its of various kinds amount
ing TO Sll,0oo were detected during the
year.
AS consequence of the inability OF
the treasury under existing praclici
to use either silver dollars
or silver certificates on its
settlement with the New York clearing
house, " h Areby the far greater part nl
its dis urSements is made, the avail
able gold ran down from Sl55,i $500 on
January |, 1891, to Sll6,479,979 on August
| II, 1884, while silver do lars and bullion
on hand represented by silver certl-
fcates outstanding, increased during
the same period from S3I ,266,o31 to SlS,-
| 6U395S. AS temporary expedient TO
stop this drain of gold from the treasury,
the assistant treasurer at New York
was iii erted TO use i'll payments
to the clearing house United States notes
to the extent of one-half OF the pay
ments, hut theamount of these notes in
the treasury, which at the time of the
cuumen cement of this mode of pay
ment had accumulated beyond its
needs, has now become so much re-
duced that they are no longer
| available for such paymei T.
| to any considerable extent
and if return to the former practice ol
making payments entirely IN gold or
! goa ttrIlIltdItS Slldll ItSulb III AZ Collblli-
nous loss of gold TO the treasury, and II
is not made up to a sufficient extent 10y
receipts of golu from other sources. the
question must soon rise for decision III
the departments as to whether it will
continue to make in gold or its
representatives payments now made
through the clearing house or~uso III
payments silver dollars or their repre-
sentative rtiticates in the same pro
| 10 I,, val. Itin ~ "a
dollars in the treasury are now held ioi
certificates outs anding bear to the avail
| able assets and to an extent similar II
tina, in which they are used at the Other
office of the treasury.
During the fiscal year SIG, l52,512, II
national bank notes, were presented iol
+, denIptloti, beng rs per cent. more
( than the preceding wear. or the amount
! presented $S6 922 600, or $3.50 per CEN
came from the four cities, New IorH
Bost ~, Philadelph,a and Chicago
An increase of 22S3 per cent. in tn
amount OF bank uoJrs presented Tor re
nemplion reflects the condition oi thu
mercantile and monetary affairs OF the
country, as shown by the reports OF IN
creasing business failures and decreas
| ing clearing-h house transactions, and ~
continuation in the course that banks
have been pursuing year by year since
| 1881.
The fiscal year last ended makes tel
wears of MAJ ional bank note redemption
under act of June 20, Is 4 The aggre
gate amount of bank notes presented
Tor redemption during ten years, ex
pressed in round nnmneri
was vi ,404, 0O0,WO; yearly aVeraS'
! $4,000. inc actual redemptions varied
widely from this average. running up t.
S242 ,O0O, 900 in 1877. and falling off to $50,
600, 900 in 1881. The aggregate amoun
of bank roteS presented Tor redemption
during the first five years, from 1875 t.
1879, was $97S, 10000 0, while the aggregate
amount of the last five years, f,on
1873 to 1884. was but $426,00O,O0O
IN no year of the last tlve year!
did redemptions equal those of any o
the fist five wears. The large redemp
ton years, 1879 were to some ext"n
due to depre sion in business succeed
ing the financial and commercial pani'
OF 1873 and comparatively small re
I demption in the last five years ma,
be attributed to recovery
during those years fir m TN
effect of that panic, toincreased activity
in business aud benefits attending re
sumption of specie payments. ) atstic
oI The ten years show that redemption
are invariably affected by business sea
sons, decreasing spring and autumn
when trade is active and increasing il
mi!-winter and midsummer, whei
rade is dull.
As to Wabash.
NEW York, Nov. 2S.-President Joy
of the Wabash, Messrs. JAY Gould, A.
HnpxIns and o. ID. Ashley had an in
formal conference ut the Wabash otfic
this morning, after which Secretar.
| Ashley sa,d: We are no nearer settle