The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-11-29
TREASURY REPORT.
FORMIDABLE ARRAY OF FIGURES
The Buried Heaps of Treasurs--Silver and
%old-Rtlation 60 the New York
Clearing House Years of De-
ssiOn-Couuterfeits,


$i0,1GI7l2. Tho decrease in recent,
from customs is $l0,G30,o07; in receipts
! rom miscellaneous sources, $s,Stg.2lg
| from the aggregate of those items
should be deducted an increase of ST..
SaI,SiO IN receipts from sales of nublic
lands, leaving a net reduction, as stated
above.
The net expenditures aggregate $2t..
| 2O,24f; decrease from amount In 1881.
81 Isl ,S33. The surplus applicable To re,
| duction Of the public debt, amounted Ia
| 40 393,O-0; decreases SIS 4sN,SlS, from that
OF the previous year. The items of en-
pe1nditures, showing the decrease, are n
| follows: On account OF war department.
SD,4Sl ,09; interior department, 81 400.
@6; interest ON public debt, a,5Sl,75
There was an increase of S2,2i2. Al i'm
the expenditures sccount of civil and
miscellaneous, and $2,009, IGi in expendi-
lures account OF the navy department.
Disbursing officers of the United
States had to their ere il IN the book
OF inc treasury, ut the close of the wear.
So, 49,, $50. 0"'
Ihere were nominally outstanding nj
the close of the fiscal year in silver Ger.
llhcates amounting to $l2O,S9l SOL; in
crease, S32,274 $50.
During the year tho amount held by
the treasury increased from sic, gg6. III
TO 25,3Si,6SO. thus leaving actually ont.
standlng WI5O7,0ll; actual increase,
$24, SS6 1877. '''
| Amount of standard silver dollars
coined to September 30, 1884, was SlS2..
S0,S29, of which the treasury held $l42'
3i9,400. or this amount $97 1891 was
Tor tho redemption of silver certificates.
me oMtstan Ting amount in circulation
was S5o,SOl,9o3, or about BIB per cent OF
the total coinage.
Statement OF assets and liabilities for
Septen' er 80, 1884, shows the genera,
balance reduced from $l63, 232, 1853 in 1884
to $l49,55,O62 in 1884; reduction, $i3,.
| 707, 400. F''
Aggregate amount of gold and silver
com and bullion held bv the treasury
Increased from $S52,5l0,S09 in ISS3 To
S395, 2l6,2G7 in 1891; increase, so, 7O5. 4S7.
Gross assets increased from Sl56, llg.
SlI in 1883 to Sjl0,6yO,2l in 1884; increase.
S63,5O,43l from November |, 1883, to No.
vember |, 1891.
Reserve decreased Sl2, 1891 $50, or from
500, SD, 5i5 to SllS070, 300
AS the usual amount outstsndino
reached the highest point in nccember
when it exceeded 81, 100000, an nggre.
gate never before reached. The de
crease TO June was not MS great as in
previous years, probably owing to the
scarcity of$l and 81 bills,and onSeptem
ner ~ the amount was $BSO,7l7 greater
than on the same date of 1888,
Commercials of various kinds amount
ing To Sll,00J were detected during tho
year.
As consequence of the inability of
the treasury under existing practice
10 use elther silver dollars
or silver certificates on its
settlement with the New York clearing
house, whereby the far greater mart Of
its disbursements is made, the avail
able gold ran down from Slh5,4 0 COO ON
January !, 1881, tn Sll6,479,970 on August
II, 1851, while silver do lars and builiun
on hand represented by silver certi-
ficates outstanding, increased during
the same period from Sg7,2Gj.O37 to SIS
6O3,95S. As u temporary expedirnt 10
stop tins drain of gold from the treasury,
the assistant treasurer at New York
was directed 10 uso in payments
to the clearing house United States notes
| 10 the extent of one-half Of the nav.
ments, hut the amount of these notes In
tue treasury, which at the timo of tho
commencement of this mode of pay-
ment mad accumulated beyond i,s
needs, has now become so much re
duced that they arc no longer
| available Tor such payment
to any considerable extent
and II return to tho former practice of
making payments entirely in gold nr
gold certificates shall result in contIn-
uous loss of gold to the treasury, and IL
Is not made up to a sufficient extent by
receipts Of gOld from other sources, the
question must soon rise for decision i'm
the departments as To whether IL will
continue To make in gold or its
FAI.FnGnntutiVpl 10
through the clearing house or use i'm
payments silver dollars or their r,pre
sentative rtifcates in the same nro.
portion 10 the relation to which silypr
dollars ia the treasury are now held Tor
certihcates outs anGing bear to the avail
able assets aud to an extent similar Ia
that in which they are used at the other
Office of the treasury.
Durlng tho fiscal year $l26. l5o,572, In
national bank nOteS, were presented for
rcdemplion, bong - 50 per cent. mo,e
than the preceding wear. OF the amount
presented SS5e2OO or $3.50 per con,.
came irum The four cities, New York
Bnst N, PhilNdelphW aud Chicaroe
An increase OF % 50 per cent. i'm In,
auiuunt uI bank notes presented for r, ,
emptiun reflects the condition of tho
mercantile and monetary affairs of tho
country, ns shown by the reports of I'm.
creasing business failures aud decrens.
ing clearinghouse transactions, aud its
continuation in the course that hank
have been pursuing year by year since
1881.
The fiscal year last ended makes ten
wears at national bank note redemption
under act Of June ~, 1874 Tho srure.
gate amount of bank notes presented
tor redemption during ten years, ex.
| pressed IN round nuuibera
vas Sl,lOl 0OO0nO; yosrly average
$4,000. Toe actual tedemptous varied
widely from this average, running I'M Ia
S242,O0O,O0O In 1871 aud falling of To $50.
0OO,U0 in 1851. The aggregate amount
ut bank rotos presented Tor redemptiou
during the first five years, from lSI5 Ia
1879, was SfS,0tO0 o, whit the aggregate
amount of the last five wears, T ON
ISIS to 1884 was but SIG, 200 600
| In no year OF the last Inv, wear,
lid redemptions equal those of any o,
the fist five wears. Tho large radSmp
ton years, lS16-TD wsrn TO some pxt"n,
due To depre sion in business succeed
ing the tinaaciIl aud commercial mani,
l ~ 1873. aud comparatively small re-
dcmption In the last five years ma,
be attributed To a rprover,
during those wears fr m thi
effect of that panic, taiacrcaSaa no.ivi,,
IN business aud benefits attending ~
sumption ot specie payments. Statistic
81 the ten years shuW that rodetnptini
are invariShly affected hy business nen
sous. decreasing inspiring aud autumn
when tTade IL active and Increasing Il
mi l-wintrr aud midsummer. whe,
rdde Is dull.