Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1885-12-18
OUR FINANCES.
The Principal Points of Interest ia the
Annual Report of Treasurer Jordan
OSomo Importnnt Su..essions Made.

The Principal Points of Interest in the
Annual Report of Treasurer Jordan
0soms Important Suggestions Made.
WASHINGTON, Dec. 1.-THE annual re-
port of the United States Treasurer shows
that the net revenue of the Government
during the last fiscal year was 1923, $780,
7O6, or $24, S29, 1853 less than that of the
preceding year, while the expenditure was
$500, 226, 935, or SIG, 100, 600 greater than
than that OF the preceding year. The
surplus available for the reduction of
the public debt at the close If
the fiscal year was therefore S4o,-
9"9, s54 less than was available on the
lst of July, 1884. The assets, according to
the new form of statement, September 30,
1885, were S574, 7Os, 25G, or an increase Of
S55, O1S,007 over 1854; the liabilities were
$3.50, 3Sl. TT, an increase of Sl0,2lG,591
over 1854; the balance is S194, 1926, AIS. an
increase of S44, sol ,4l6 over 1854. During
the same period there has been an increase
OF S333 463, 633 III the gold assets, of $>242,-
O95, DIG in the silver assets, of Sc, ZIG, 423 in
the legal tender assets, and of sl7l,21S4 in
the National bank assets and National
bank deposits.
Continuing, the report says:
The issue of United States notes during the
fiscal year in place Of such as were returned
in II worn and mutilnted condition amounted
to $s4, 1853, l53. Silver certificates TO the
amount OF $40 oO,WN were issued and $50, $780,
o4:' were redeemed during the year. Gold
certificates of the old issue amounting
to S522,4 40 were redeemed. or the new issue
6",mo,u 0O were issued and S2l,0l7. 100 re-
deemed: Called bonds OF the United States
amounting to S45,9 Sos. 500 were redeemed. of
which amount s45,5Ss, i5u was for the sinking
tmnd, The National banks withdrew So.
s s,Sc%Ia, IN 0G notes 'e' and to ssh sf i.;;S1.s Eco Their or
bonds were deposited for that purpose,
Notice is given OF the suspension of the
economy effected thereby. the saving for one
quarter being the cost of printing 5.GUl,UOU
notes ana the paper used in their manufact-
urc. AT this rate Il reduction in the small
note issue is Indicated OF about 3S.UUO.OUO dur.
ing the current year.
The Treasurer recommends that the prac.
tic'. or issuing legal tender geld and silver
CertihCates be discontinued as expensive and
dan9eroiS-thc silver certificate csucciully-
on INC ground that it has proved to be Il posi-
OF The silver dollar.
IT is apparent. he says, that the execution
or the Coinage law IS gradually converting
the luildS of the Treasury into standMd dol.
mrs. Every cHertiOn has been made TO give
an extended circulation TO these coins, but
without the success winch the large c-pendi-
Me incurred would w%itrrnnt. The circulation
obtained is ShOrt-Iived. The coins tudinm rlln;r
way back immediately to the sub.trcasuries
M, return movement costing individual
hoidcrS more Tor transportation than the
orisl!,ni issue cost the Government. AS the
SUP treasures become overloaded with re.
turned and the mflttS with ,nissucd dollars
the GnVeru!nrnt is obliged 10 TRANSPORT Them
~ !; 'rafy r"si 70 the i'enrcst pace where
rauit room can hc found. He recommends
that the Treasury be permitted 10 secl; some.
more economical mode lIan now cmuloyrd in
1ruer 70 aiSIrloute them and other moneys
from the Treasury. The Treasurer recon.
niends the repeal of the redemption law ns
70 MINOR coins, and the issue ut now coins III
greater weight aud greater beauty.