Los Angeles daily herald., 1884-11-29
NEWS OF THE WORLD.
A Statement of Our Finan-
cial Standing.
SECRETARY LINCOLN's REPORT.
An English Coaehman, of a Marry
rying Turn of Mind, Brought
to Justice.

tU JUSTICE.
Especial 10 The Herald By Associated Press
wAsHISdroN, D.. c., Nov. 2s.-The annua
report of Treasurer wyman shows that th'
net revenues OF the government were les
than in 1883 by $40 1877, 7l2. The decrease II
receipts from customs was $l9,639. .0O7; IN re
ceipts for internal revenue s23, 1871 24s, ahe
from miscellaneous sources $S,s4s,z4'
From the aggregate ofthese items should b'
deducted an increase OF 81. 1854. $40 in receipt
from the sales Of public lands, leaving 'n'
net reduction as stated above rhe net ex
penditures aggregate s2i4. .i26, A4. decrease
from the amount In 1888 of 81, 2sl 1913. The
surplus applicable to the reduction of the
publIc debt amounts to f0i,S93,625, de-
crease of $2s. .4s5 ,sls from the previous year,
the items OF expenditures showing a de-
crease as follows: on account of War De-
partment, $g,4s1,77s; Interior Department.
sil. .4se. s46: interest on public debt, 1851. .752
There was an increase OF s2,242, All
in the expenditures on account of
the civil aud miscellaneous bills
officers Of the United States had to their
credit on the books OF the treasury at the
close of the year, So, ,463gS0 The statement
OF assets AMI liabilities for september 10th.
1884, shows that the general balance was re-
duced from s1S3 232 4bS In 1883 to 4J,525, ,062
in 1884, reduction OF $13.707.40o:
The aggregate amount OF gold and silver
coin and bullion held BY the treasury In
2s7 Ia 1884, an increase OF ~, ,705, 4S7. The
gross assets increased from $456, ,1ls SIT Ia
1883 to t5l9, 500, 249. an increase Of 1850 43l
From November LIST 1883 to November LIST
from iron Siso, ,s22, ,545 to sl4s,O7o, go. There were
fiscal year silver certificates amounting to
$40, ,89l ,69l. an increase 1924 $50. During
the year the amoa9t held BY the treasury In
leaving actually outstanding ~, gOs,oi1. an
actual Increase OF yl4, 1856 ,s25 The amount
Of standsrd silver dollars coined to septem-
Der s0th 1884, was $ls2. $50, ,s29. Of which
sh. ;hs |can tTssaa1y 81 ss's nv ier Se
redemption Of silver certificates outstand-
ing. The amount in circulation was $39,-
B01 1858, or about 2 lis per cent. OF the total
coinage. As usual the amount outstanding
when ID exceeded III 6co 900. an aggregate
never before reached. The decrease to June
was not as great as IN previous years. proba-
bly, owing to the scarcity Of one and two dol
$50, III greater than the same date Of 1888.
Coupterfefts of various kinds amounting to
81 900 were detected during the year.
As consequence OF the inability Of the
Treasury, under the existing practice. TO use
either silver dollars or silver certificates in
its settlement with the New York clearing
house, whereby far greater part OF Its dis
bursements are made available, gold ran
down from $i55, 500, on Jan. list, 1884. TO
$1l6579, s7s on Aug. 18th, 1884. while silver
dollars and bullion on hand. represented by
silver certificates outstanding, increased
during the same period from vi ,0SI. TO
81. .603, ,g5S. As a temporary expedient To
stop this drain OF gold from the Treasury.
rected to use in payments to the clearing
house United State, notes to the extent
OF one halfthe payments, but the amount OF
these notes In the treasury. which at the
time OF the commencement of this mode of
payment had accumulated beyond its
needs, has now become so much reduced
that they are no longer available for pay
ments 20 any considerable extent II re-
turn to the former practice Of making pay
ments entirely In gold or gold certificates
shall result In q continuous loss Of gold to
the treasury, not made up to sufficient ex-
tent by the receipts OF gQld from other
sources, the question must soon arise for the
decision OF the department as to whether II
will continue TO make In gold or its repre-
sentative the payments now made through
the clearing house, or use In Its payments
silver dollars or their representative certifl.
Gates In some proportion 70 the relation 70
held for certificates outstanding, bear to
ayailable assets, and to an extent similar 10
that In which they are used at other Offices
During the nscai year sl2s, ,l52,572 the ma
tional bank notes presented for re
demption, were 22s3 per cent, more than
the preceding year. OF the amount present
ed $s6, ,322, 900. or $3.50 per cent. came from
the four cities OF New York. Boston. Phils-
The increase Of 22.s3 per cent. 10 the
amount OF bank notes presented for redemp
tion reflects the condition OF the mercantile
and monetary affairs Of the country as
shown by the reports OF increasing business
failures and decreasing clearing house
transactions, and II Is confirmation that
bank note Fedemptions have been increas-
Ing year by year since 1881. The fiscal year
enaea a5s ep SsSs, ,bs o c nsSns II nsa q
1874. The aggregate amount OF bank notes
presented for redemption during ten years,
expressed In round numbe \, was one
billion, four hundred and fonr million dol
forty millions. The actual redemptions
varied widely from this average, running
up to two hundred and forty-two millions
IN ISL and falling of TO fifty nine millions
notes presented ior redemption during the
first five years, isI5-7g, was nine hundred
and seventy eight millions, while the agre-
gate amount during the last Ave years,
1ss0-si, was but four hundred and twenty
sig millions In no year, Of the last five
did the redemption equal those OF any OF
the first t1ye years. The large redemptfons
of the years ls75-79 were to some extent due
10 the depression In business succeeding the
financial and commercial panic Of 1873, and
the comparatively small redemptions in the
last five years llsS0si) may be attributed to
the recovery, during those years, from the
effects Of that panic and the increased 40
tivity OF bhsiness and the dement's attending
tistics OF the ten years show that redemp-
lions are invariably affected by business
seasons, decreasing In the spring and
autumn, when trade is active, and increas.
Ing In mid.winter and mid summer, when
trade Ia dull.