The Wellington enterprise. [volume] (Wellington, Ohio) 1867-188?, 1884-12-03
UNITED STATES TREASURY.
The Revenue Of the Government for the
Fiscal Year Ended June 80 was
$348,5l9,869.
A Falling of OF $40, 9,787,71e-Decrease in
Receipts from Customs S10, 0,830,OO7
and from Internal Revenue
s22,139,ao6.
ANNUAL REPORT.


WASHINGTON, November 29.-The an
nual report of United States Treasurer
Wyman was made public yesterday. II
shows that the net revenue of the Govern
ment for the fiscal year ended June 30, 1884,
was less than that of 1888 by S4o,767,712,
having been $34s,5l9,s69, while in 1888 1t
amounted to S39S,2s ,5Sl. The decrease
In the receipts from customs was $40, $780,
0O7 in the receipts from internal revenue
of s22, 139, 296, and in the receipts from
miscellaneous resources SS,S49,2s4. From
the aggregate of these items should be de-
Quoted an increase Of S1,S5i,siO in the re-
ceipts from sales Of public lands, leaving
the net reduction as stated above.
The net expenditures aggregate s244,-
G,244, decrease from the amount in
1883 of S21, ,2ls,so3. The surplus applica-
bic TO the reduction OF the public debt
amounted TO S1O4, 4,302,G25, decrease of
S2S,Is5,SlS from that Of the previous year.
The treasury reserve for the year ended
November l, 1884, decreased Sl2, 7j2, ,255, or
from SlG0, 500, ,545 In 1888 to Sl4S,0I0,290.
November /, 1884, the cash fell below
the forty per cent. in excess of demand OF
the liabilities lawfully required, In August
only, having been as high as 10 4-l0 year
ago, and on November |, 1884, II was AZ 7-lO
per cent The average since resumption
has been SO 4-10 per cent.
The amount of standard silver dollars
coined to September 30, 1884, was $751;
3sO,s?9, Of which the treasury held Sl42,-
$40, 400. OF this latter amount S91 ,004, SS1
was for the resumption OF silver certificates
outstanding. The amount in circulation
was $50, ,S0l ,953.
During the past fiscal year Sl26, 1889
In National bank notes were presented for
redemption, being % S3-l0O per cent. more
than In the preceding year. This increase
In the amount Of bank notes presented for
redemption, the Treasurer says, reflects the
condition of the mere intie and monetary
affairs Of the country rs shown by reports
Of Increasing business failures and decreas.
Ing clearing house transactions, and II is
continuation in the course that bank note
redcmptions have been pursuing year by
year since 1881. The aggregate amount OF
bank notes presented for redemption during
the past ten years, expressed In round
numbers, was 81 ,4O4, 100000 yearly av-
erage of Sl40,000,0O0. The actual redemp-
tons varied widely from this average, run
ming up TO S242, ,000,0 900 in 1877, and falling
off TO $50, 1000, 900 In 1881; In the one case
exceeding the average by SlO2, 2,000,0 900 and
In the other falling SS1, 600, 900 below It,
The large redemptlons OF the years 1876
70 were TO some extent due 10 the depres-
sion in business succeeding the financial
and commercial panics of 1878, and the
comparatively small redemption in the last
five rs--lSS0-s4-may be attributed to
the recovery during those years from the
effects Of that panic, the increased activity
OF business and the benefits attending the
resumption OF specie payments. The sta
tislics OF the ten years show that the re-
demptlons are invariably affected by bust.
ness seasons, decreasing In spring and
autumn when trade is active, and increasing
In midwnter and midsummer when trade
Is dull. The notes presented for relemp.
ton the first three months Of the current
fiscal year are thirty-one per cent. In excess
of the amount presented during the CORE.
spending period Of the past fiscal year.