The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1884-12-05
REVENUE REVELATIONS.
FORECAST of the Annual Report OF tn
TreaxnHe of th.. lIniS>xa Stata.

f0rocase 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 4s.767,7l2. De-
crease in the receipts from customs. S19,-
sources, sS,S4s,24s. From the aggregate of
these items should be deducted an increase
of 1,S54, $40 in receipts from the sales Of
public lands, leaving net reduction as
stated above. The net expenditures az
gregate s44, 1876, PA; decrease from amount
In 1888, S21, PSI, 1898. The surplus applica-
BILE to the reduction of the public debt
amounted to SIO4. 1893, 625. a decrease Of
s2S, 4s5,S1s from that of the previous year.
The items of expenditures showing a de-
crease as follows: On account of War De
partment, SS,4Sl,7T9; Interior Department.
Sl1, 459.936; interest on public debt,
S4,5S1, 152. There was an increase of
81, 242, al in expenditures on account of civil
and miscellaneous and $4,000, 1911 in ex-
| penditures OH 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
$50, 463, $50. A statement of assets and liza
bilitIes for September 80, 1883, shows the
general balance was reduced from $685.
232, 463 in 1888 to $40, 525,0 63 in 1864, a
reduction of S13, 707 400. The aggregate
amount of gold and silver coin and bullion
held by the Treasury increased from $751;
5lO,S i'm 1893 to S395,2l6,297 in 1884, an
increase Of S42, 105,4S7. The gross assets
increased from S43G. 1887 In 1888 to S5l9.-
| G90,249. an increase of SG3,510,431. From
November l, 1855, to November ], 1884, the
revenue decreased So, 49,, 255, or from $780,
22,5i5 to Sl4S,0!0,29O. There were nomi-
nally outstanding at the close OF the fiscal
year silver certificates amounting to $780,
Sl2,691; increase, S32,274.S60. In the year
the amount held by the Treasury increased
from Sl5.996, 145 to S25,3S4.6S0, thus leav-
Ing actually outstanding S9l, 5O7,Ol actual
increase. S24.SSG,325. The amount of stand
ard silver dollars coined to September 30,
1884, was SlS2,3S0.S29, of which the Treas
ury held 2,349, 400. or this amount
1,O9i, S9l was for redemption of silver
certificates outstanding. The amount In
circulation was S39,0Sl ,953, or about 2i.S
per cent OF total coinage. AS usual the
amount outstanding reached the highest
point in December, when 1t exceeded SAL
OOO,0O0, 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 81 notes, anu on Septem-
Der 80 The amount was S6So,Iii greater
than the same date OF 1888. Counterfelts
OF various klLds, amounting 10 ll,OOo,wer
detected during the year. AS conse-
quence of the inability ofithe treasury
under existing practice to use either silver
dollars or silver certificates in its statements
with the New York clearing house, whereby
far the greater part OF It's disbursements are
made, the available gold ran down from
S155, 429, 600 on January l. 1884, to S116,-
419,979, OH August II, 1884, while the sill
yer dollars and bullion on hand, represented
by silver certificates outstanding, increased
during the same period from S2I ,260,03I to
S4S,603,95S. AS temporary expeGient to
stop this drain or gold IRON 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 in 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 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 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
outstanding. 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 Sl26, l32,5i2 in Ma
tiOnal Bank notes were presented Tor re-
dempton, being 2.S3 per cent. more than
the preceding year. OF the amount pre-
sented, SS6, S22,0 600. or $500 per cent, came
from four cities-New York, Boston, Phlla-
delphia AMI Chicago. The increase OF 22.S3
per cent. in the amount of bank notes pre-
sented for redemption, reflects the condition
OF the mercantile and monetary affairs OF
the country, as shown by reports OF lncreaS |
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 yeal |
since 1881. The fiscal year last ended |
indhcS tcu scdis VI 4Nas'oli.'i o"hh hoec ~
dempti0n under the act OF June ~ 1854 |