The Abilene reflector. [volume] (Abilene, Kan.) 1883-1888, 1884-12-04
REVENUE REVELATIONS.
FORECAST of the Annual Report of the
Treasurer of the United States.

FORECAST of the Annual Report OF the
Treasurer of the United States.
WASHINGTON, November 29.-The annual
report of the Treasurer of the United States
| shows the net revenues of the Government
were less than in 1888 by 14s, 767,Tl2. De-
crease in the receipts from customs, S1e,-
6,007, in receipts for miscellaneous
sources, SIS, s,s4S,24s. From the aggregate of
these items should be deducted an increase
| of S1,S54, $40 in receipts from the sales of
public lands, leaving a net reduction as
stated above. The net expenditures ag-
gregate S44, ,126, PA; decrease from amount
in 1888, S21, PSI, 1893. The surplus applica-
bic to the reduction of the public debt
amounted to Sl04, 393, ,625. a decrease OF
SIS, ,4S5, SIS from that of the previous year.
The items of expenditures showing a de-
crease as follows: On account of War De
partment, SIS, ,779; Interior Department,
Sll, ,469,936; interest on public debt,
81, 5S1, ,752. There was an increase of
81, 242, Al in expenditures OIL account of civil
and miscellaneous and $4,000, 164 in ex-
penditures on account of the Navy Depart,
ment The disbursing officers of the Uni
ted States had to their credit on the books
of the Treasury at the close of the year
S32, ,463, $50. A statement of assets and liza
bilitleS for September so, 1883, shows the
general balance was reduced from $685.
232, 463 in 1888 to S149, 525, ,062 in 1864, a
reduction of S13, 101 400. The aggregate
amount of gold and silver coin and bullion
held by the Treasury increased from S352,-
$40. 500 in 1888 to 1896. PIG, ,297 in 1884, an
increase OF $40, ,105, ,4S7. The gross assets
increased from 1856. ST. in 1888 to S5f9,-
600, 249. an increase of S63. 80, ,431. From
November l, 1888, TO November ], 1884, the
revenue decreased So, T52, ,255, or from $780,
S22,5 ,545 to SI4S,01O.2g9. There were nOmi-
nally outstanding at the close of the fiscal
year silver certificates amounting to S120,-
S12691; increase, $50 2274, $50. In the year
the amount held by the Treasury increased
from S15996, 145 to S23, ,3S4.6S0, thus leay-
ing actually outstanding S9l, ,507, oil; actual
increase. S24. $50, ,325. The amount of stand
ard silver dollars coined to September 80,
1854, was SIS2, $50, ,S29, of which the Treas
ury held Sl42, $40. 400. OF this amount
$97. ,S91 was for redemption of silver
certificates outstanding. The amount in
circulation was $50, ,953, or about 21.S
per cent of total coinage. As usual The
amount outstanding reached the highest
point in December, when it exceeded S41,-
900, an aggregate never before reached.
The decrease to June was not as great as
in previous years, probably owing to the
scarcity CT 81 and S3 notes, and on Septem-
Der 80 .he amount was $3.50, III greater
than the same date of 1888. CounterfeitS
of various kinds, amounting to 81, ,O0O,we
detected during the year. As cOnse-
quence of the inability of the Treasury
under existing practice to use either silver
dollars or silver certificates in its statements
" 81
far the greater part of its disbursements are
made, the available gold ran down from
S155, ,429, 600 on January 1. 1894, to S116,-
419, ,919, on August II, 1884, while the sill
yer dollars and bullion oil hand. represented
by silver certificates outstanding, increased
during the same period from S27 ,260,037 to
S4S, ,6O3, 95S. As temporary eXpedient to
stop this drain of gold from the Treasury
the Assistant Treasurer at New York was
instructed to use in payments to the clear
ing house United States notes to the extent
of one-half payments; but the amount of
these notes i'll the Treasury, which, at the
time of the commencement of this mode of
payment, had accumulated beyond its needs
and has now become so much reduced that
they are no longer available for such pay
ments to any considerable extent. If Il re-
turn to the former practice of making pay
mentS entirely in gold or gold certifi-
Gates. shall result in continuous loss
of gold to the Treasury not made
up to a sufficient extent by receipts
of gold from other sources, the! QueS-
ton must soon arise for decision in the de-
partmentS as to whether it will continue to
make in gold or its representative, pay
mentS now made through the clearing
house, or use in its pay mentS silver dollars
on their representative certificates in same
proportion to the relation which silver dol
lars III the Treasury not held for certificates
bear to the available assets,
and to an extent similar to that in which
they are used at other offices of the Treasury.
During the fiscal year S126, l52,572 in Ma
tiOnaI Bank notes were presented for re-
demptiun, being 22.S3 per cent. more than
the preceding year. OF the amount pre-
sented, $50, So, 900, or 6S. 90 per cent, came
from four cities-New York, Boston, Phila-
1elpha AMI Chicago The increase of 22.S3
per cent. in the amount of bank nOttS pre-
Sented for redemption, reflects the condition
Of the mercantile and monetary affairs of
the country, as shown by reports of increaS
ing business failures and decreasing clear |
ing house transactions and it is con-
tinuatiOn in the course that bank note |
redemption has been pursuing year by yeaI |
since 1881. The fiscal year last ended |
makes ten years of National bank note re-
iemptiOn under the act of June 90, 1884 |
The aggregate amount of bank notes pre-
sented for redemption during the ten years
expressed in round numbers was 81 ,404.- |
100000. Yearly average S14O,000,000. The
actual redemption varied widely from this
average, running up S242, 100000 in 1877,
md falling off TO $50, 100000 in 1881. The
aggregate amount of bank notes presented
For redemption during the first five years
'lS75-79) was S97S, 900, 900, while the aggre
yate amount for the last five years (1SS0S4)
vas but 1926. ZOO, 900. In no year Of the last
i've did redemption equal those of any
If the first five years. The large redemp
ions in the years 1S75-1S79 were to some
.Xtent due 10 depression in business sIIc-
,eedng the financial and commercial panic
If 1878. and the comparatively small re-
temptiOnS in the last four years (1SS01SS4)
nay be attributed to the recovery during
hese years from the effects of that panic,
he increased activity of business and the
'enefitS attending the resumption of specie
sayments. The statistics of the ten years
how that redemptiOnS are invariably affect
d By business seasons, decreasing in spring
nd autumn, when trade is active, and in-
reasing in mid-winter and midsummer.
when trade is dull.
A Burglar Caught
TOLEDO, o., December IA burglar EN-
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