Salt Lake evening Democrat. [volume] (Salt Lake City, Utah) 1885-1887, 1885-12-07

THE CONDITION OF THE INDIAN SCHOOLS,
The report says, is gratifying. The Winnie
bago and Crow Creek reservation trouble 1!
reviewed, and it is announced that the Pres
ident's order withdrawing these lands from
settlement has been almost universally
obeyed The exceptions, if any exist. are
! cases in which removal would cause suffer
ing. The story of the Oklahoma invasions
is retold, and it is stated that these unlawful
movements have rendered it unwise at pres
ent to open negotiations with the Indians
owning the title to these lands for the pur-
pose of opening them to settlement
Uncle Sam,s Gold, Silver and Notes.
WASHINGTON, December 6.-The annual
report of the United States Treasury for the
fiscal year was $223, 600, ,7O6, or $34, ,S29, ,16S
less than that of the preceding year, while
the expenditure was S26, ,226, 1886, or SIG, ,100,-
$50 greater than that of the preceding year.
The surplus available for the reduction of
the public debt was, therefore, $40, ,929, ,854
less than was available on the first of July,
1854. Assets, according to the new form of
statement, September Both, 1885, were $574,
7OS,256, or an increase of $55,078, ,OT over
1884. The liabilities were $3S0,3S1. TIT, an
increase of $10,216,592 over 1884, and the
balance, $194;326, ,47S, an increase of S44,-
SO1, ,416 over 1884. During the same period
there has been an increase of $33, ,464, 633 in
gold assets, $52, ,095, ,017 in silver assets, &c.
776, 423 in legal tender assets, and of SILL
2o4 In National Bank assets and National
Bank deposits. The bullion fund, or depos-
its IN the m1nts, was, on the Both of June
this year, $14S, ,504 ,629, as against $141 ,649,-
06S on June Both, 1884. The issue of United
States notes during the fiscal year, in place
of such as were returned in a torn and mu-
tilated condition, amounted to So, ,493, ,153.
SILVER CERTIFICATES TO THE AMOUNT OF
$40,00O,OOO
Were issued, and $2O, O,99O,O45 were redeemed
during the year. Gold certificates of old
issue, amounting to S52,42O, were redeemed.
Of the new issue $63,OOO,OOO were issued,
and 21,Ol7 100 were redeemed coupons
from United States bonds to the amount of
So,O04,O67 were received from several Assist
ant Ireasurers, by whom they were paid and
examined in this Office. Called bonds of the
United States, amounting to 5,968, 800,
were redeemed, of which amount S45, ,588.-
l5O was for the sinking fund. Interest
amounting to $40, $40, ,736 on registered bonds
OF the United States, including those issued
to the Pacific Railroad companies, was
paid.
THE NATIONAL BANKS WITHDREW S53, ,3O3, $50
OF bonds held to secure their circulating
notes, and $31, 300, 700 of bonds were depos.
tied for that purpose, a net decrease of $22,-
OO2,65O. Among the deficits occurring dur
ing the fiscal year, making the amounts
involved unavailable to the Treasury, were
one of $25, 5,341.61 in the Office of Assistant
treasurer, New Orleans, and one of S11,-
S57.37 in the Assay Office at Boise CITY,
Idaho. Unavailable funds were decreased |
amount of deficit at the branch mint at San |
francisco, S5,6S5.SS, a reduction of the
amount involved in the failure of the Ven
ango National Bank of Franklin. Pa. of
ST., 755.6O, and adjustment of two defaults
in the former United States Depository at
Baltimore, amounting to S6,9OO.77 and
sl,l96.S7 respectively, making a total de-
crease OF 8.6S, and net increase in
funds of $1O,66O3O.
THE NATIONAL BANKS PAID INTO THE TREASURY
On account of semi-annual duty on their
the sum of $2,794,5S4, which
vas $23O, 1854 less than was paid on that ac
count the preceding year. Circulating notes
If National Banks amounting to S50,2O9,129
we're received for redemption during the
rear. This amount included notes of
National Banks that have failed, gone into
lquldatlon, OF are reducing their circula-
ion, OF which SIS, ,462,225 were redeemed
Turing the year. The notice is given of the
uspenslon OF the issuance of one and two
hereby, the saving for one quarter being
ne cost OF printing S5,0O0000 worth Of
totes and the paper used in their manu-
acture. At this rate reduction in the
mall note issue is indicated by about
rs, 600 600 during the current year.
Inc treasurer further recommends the
ESTABLISHMENT OF AN ISSUE DEPARTMENT
n order to obtain greater security than now
revalls in the treatment of legal tender
otes and other securities of the Govern
1ent. The report states also that there has |
cen printed, but not issued, Government
ecur1t1eS ID excess of the sums provided by
Nv, amounting to S1S7, 7,12sOOO, and requests
nat the practice of printing these notes be
anctloned by law or the notes retired.
Ihe treasurer says that he should have 4
uthor1ty to make frequent examinations of 4
1b-Ireasur1es and the Mints to enable him
know that the funds with which he is
11arged are held as represented, and to hold i
hcerS to more strict accountability than | i
as heretofore prevailed. He recommends
appropriation sufficient to cover the ex- 8
snse OF such examinations. He also favors
scheme for the reorganization of the sub
reasuries of the United States, the officers +,
which have had the -
JTIEs AND RESPONSIBILITIES LARGELY IN
CREASED :
trough the issue of gold, silver and LEGAL
nder certificates; and in other ways atten-
'n is directed to the large amount of funds
the credit of disbursing officers of the
Yernmert. 1t IS believed that advances
e made to these officers in excess of their
trent requirements. For years the amount -
S rarely been less than S2O,0OO,O 900, and y
S frequently exceeded S4O,0OO0OO. II ia
commended that the modes of payment to
em be restricted to the sumo needed. in
'nthly payments. A very large part of K
ese advances is made to pension agents.
it is recommended that chance be
,de w
IN THE MoDT OF PAv1Na PENSIONS,
q that these payments be made by means ~
Ireasurers' checks in the same manner as
crest on the public debt is now paid. The
easurer recommends that the practice of r.
1lng legal tender gold and silver oertif-
GUS through the accumulation of the inn
nse sums now in the Treasury, silver GER
Gates especially, on the ground that it has r
we'd to be positive hindrance to a more ~, Z
ended circulation of the silver dollar. oN
is latter he also considers too expensive =
urrency for daily use, as owing to the q
! Iess cnarges pa1d by the government in
ting these coins into circulation, and the Pas
her charges paid by the people to return
% to monetary centres, where they alone
be issued, '''>1'o F
-ER COINS CAUSE A LARGE LOSS TO THE ;
COMMUNITY.
apparent, he says, that the execution of
coinage law is gradually converting the
is OF the Treasury into standard dollars.
~ exertlon has been made to give an ex- r"1
led circulation to these coins. but with
the success which the large expenditures
rred would warrant. Such success as e.
been obtained has been at very great III
nse to The Government, the excessive
furnlsh-ng q strong argument against
lnulng the issue. The circulation OBJ
ed Is short lived, the coins finding their