St. Landry democrat. (Opelousas, La.) 1878-1894, 1884-12-06
NATIONAL FINANCES.

items From the Annual Report of the
Treasurer OF the United states-A Large
Diminutfon of the Net Revenues For the
Past Year.
WASHINGTON, D. c., November 90.
The report of United States Treas
arer Wyman was made public yesterday.
It shows that the net revenue of the Gov
eminent for the fiscal year ending June
Both, 1884, was less than that of 1883 by
B49, 767,712, having been $348, 1863,
while in 1888 it amounted to $398, 287, 581 i.
The decrease in the receipts from Gus
IONS was $40, 639, 007, in the receipts
from internal revenue $23.134, 1886, and in
The receipts from miscellaneous sources
S8,849, 248. From the aggregate of these
items should be deducted an increase of
/ 1,854,84 in the receipts from public
ands, leaving the net reduction as stated
above. The net expenditures aggregated
S244, 1862 decrease from the amount
in 1883 of So, 1881, 1893. The surplus ap-
plicable to the reduction of the public debt
amounted to $1O4, 1893, 625, a decrease of
1928, 485,818 from that of the previous
year.
! The Treasury reserve for the year end
| ed November lst, 1884, deceased $l2,752,-
255, or from $l6O,822, $40 in 1883 to
$l48, O70290 November LIST, 1884.
The cash fell below the 40 per
cent. in excess of the demand of LA
bilities, lawfully required, in August
only, having been as high as &c 4-l0 a
year ago, and on November 1st, 1884, it
was At ITO per cent. The average since
resumption has been 81 $40 per cent.
The amount of standard silver dollars
coined to September 30th, 1884, was
1882, 380,829, of which the Treasury
held $142, 349, 400. OF this latter amount
$97, 094, 1881 was for the redemption of
silver certificates outstanding. The
amount in circulation was $50, 1913.
During the past fiscal year $l26, 1872
| 572 in National bank notes were present
ed for redemption, being % 83-l00 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 mer-
camille and monetary affairs Of the coun-
try, as shown by reports of increasing
business failures and decreasing Clearing
House transactions, and it is continue
ton in the course that bank note redemp-
lions have been pursuing year by year
since 1881. The aggregate amount OF
bank notes presented for redemption dur
ing the past ten years expressed in round
numbers, was 81, 404 100000, q yearly
average of $40, 000,0 900. The actual re-
demptions varied widely from the aver
age, running up to $242, 900, 900 in 1877,
and falling off to SIS, 100000 in 1881; in
the one case exceeding the average by
$102, 000,0 600, and in the other falling
$81, 900, 900 below it.
The large redemption of the years 1875
1879 were to some extent due to the de-
preston in business succeeding the flnan-
cial and commercial panic of 1873, and
the comparatively small redemptions in
the last five years, 1880-l884, may be at
tributed 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 statistics of the
ten years show that the redemptions are
Invariably affected by the business sea-
son, decreasing in spring and autumn
when trade is active, and increasing in
midWinter and midsummer when trade is
dull The notes presented for redemp-
ton during the first three months OF the
current fiscal year are thirty-one per
cent. in excess of the amount presented
during the corresponding period OF the
past fiscal year.