New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-07

Total lZB pa 80 $3.50 $685. IL
Net increase ........... 100000 ~
sapu2 2yaabio Tor reduc ,ot sas s25 50 ssae}77 81
Net decrease -.....l ) 9o.ozso2t %
The assets according to the form Of statement,
September 80 1885 1914, 7Os. $50 increase
of S55.Ols,OO7 1884,; the liabilities were
S3sO,3sl III increase OF Sl0,2l6.59l over 1854;
and the balance, 0i,326,i75. an increase of
SD sol ZIG 1884 In speaking Of the substitution
of the new form OF debt statement, the report says
The certificates OF deposit which in the Treasury
had been treated IN the old form both asset and
liability and the unavailable items of assets were in
cuded The Interest due and unpaid on Pacific Railroad
bonds which is payable from the General Treasury had
been included as liability In former statements
or the assets aud liabilities and the fractional currency
redeemed but still held In the cash. formerly treated
as an asset only when at the time a la
bity The reserve held for tho redemption OF United
States otos also been taken up liability in the
new form"
During the same period there has been Increase OF
S334GS 633 in tho gold assets, OF S22005,0l6
IN the silver assets SG.77G.423 In the legal
tender assets Sl7I.2s4 in National bank notes and
SI,1l7,lO7 In National bank deposits The
"bullon fnnd or deposits In the Mints June
80 SIIS l629. against 81 l,GiS,0G5 oh juno 30
1881
Tho issue Of United States notes during the fiscal
year In place OF such as returned In wore and
mutllated condition amounted 10 SSi.403.l53 Silver
certificates tho amount OF SiOOOJOOO wore is ued
and $50 800 Oij were redeemed during the year Gold
certificates Of the Old Issue amounting TO S52i20 were
redeemed or the issue. So. 100000 were issued
and S2l .ol7lOo redeemed.
COUPONS from Unit ii States bonds to tho amount OF
g. Osl G67 were received from the several As-s;an,
Treasurcrs by whom they were paid and examined In
this Office Called bonds OF the United States amounting
10 eI5 gGs 800 were redeemed Of which amount $40,
5es1 90 was sr tho sinking fund Interest amounting
TO si257o 80 on registered bonds OF the United states
ff flo lLaflr M o.
was paid by @I515o checks the
ami Assistant Treasurer The payments Of the warrants
Of the Secretary thr Treasury required the issue OF
80 1877 drafts 1869 drafts warrants Of the Post
General, and n 500 transfer checks on Assistant
Trcasurcr issued. making total Of J27i5 drafts
and checks i-sucd In the Office.
The National banks withdrew S53,3o3.3iO OF bonds
held 10 secure their circulating notes, ami sb3oO7oD
OF bonds deposited for that purpose, not decrease
Of S-2OO2 800. There also deposited BY National
banks, &c o.lted dcpo-itarc sJJOi In bond, 20
secure public moneys deposited with them. ana SJ,3'1
40 OF bonds 80 held Withdrawn. TIC
total movement $9l. 5Gj9jO.
Tho National banks paid into the Treasury account
" I.I' winch Wa. ,"s0o1l r.. hGm WIS pail on
that account the preceding year Circulating notes Of
coiyct iYr redemption IN toe course OF The year This
amount included notes OF National banks that hlYo
fl led gone liquidation or are reducing circulation,
when 80 iO2.ZZ1 were Tri eInci during tue year
The booss Of me Treasury show !aat me di'1u'ils
close oi tie year - 2G.uJ9.
Interest on the $50 per bonds Of the District OF
Columbia. amonutiuy to Sbl9.Gpi, WIS paid during tAe
year. OF which ll0Ob2 pail by mean, OF coupons
ami 500 542 being anolnt OF interest rcs,crcd
bonds. ny means Of checks.
Inc unl,aillbie funds OF the Treasury were
Increased from S2J.5ltGj1 10 S-91&'.J-J. Tho
unavailable tuus Including the deposit, WIN the states
CS4s,lOl,OiH amount 10 s-v,2G2,Go2 sp-wlhch In.
clulr. one Ol T%'3ll ot IN me Nr"-Oians ana one OF
~ Sj7 - al Tie assay Office at Boise CITY, Idaho. The
amount PROVED for the sinking lund wa $'3''S'l5p
IA, TREASURER recommends chat the provision Tor the
fund be reduced to FlJ,OOO,UOO per AMMAN. Notice Is
gwen Of he sospcnson OF the issue oi .nd two
dollar notes Ild tho economy effected thcrcby-the saw
ing a. being the cost Of printing ami paper
for lj.OOb.ODJ uotra year.
The Tr,a.u, r further recommends the establishment
Of i-sue department, IN order to obtain greater
security than now prevails ia he treatment Of the legal
teadcI notes 'nd other s.cIrtcs OF tho Government
Tho report states also lat there has printed bat
provided Dy law, tlS7 900 and requests that the
prac ice Of printing these notes DO sanctioned Dy law
The says that he should havo authority
make frequent examinations Of sub-trcasures ana
minis to cn1t him 70 know That the funds with which
he is charged are held ~ represented ana To hold the Of
hcer Ia moro strict accountability than has heretofore
prevailed. lie recommends an appropriation sufficient
~ T To scheme FOR nc reoreanilat,on ~ Inc "a
ries OF the United States the officers which have had
tIrongh the issue of tie gold silver and legatrnder
certificates. and IN other Attention Is directed 10
the amounts OF funds 20 the credit Of dsbur,ng
officers of the Government II is believed that
are these officers in of their current re-
quircncns. For the amount has rarely been less
thn S2O,00OOOO, ana has frequently exceeded
SIOOOUOOO. IL is recommended that tho modes
OF payment to aud by them DO restricted to
suns needed I'm their monthly -paymeuta A
large part these advances ia made pension AGENTS
II recommended that change he made the mode
paying pensions and that these payments made by
IN, ans " Treasurer checks same manner as I'M.
tercst the public debt i. now paid.
The Treasurer recommends that The practice Of issuing
egaondcr gold and silver certificates De discontinued
as pcnsye aud angcrous, through the a. cunulaon
OF the immense sums now la the Treasury. The silver
certificates especially should Discontinued on Tho
ground IL has proved 10 he positive hindrance Id
more Xcudcd circulation Of the silver dollar. lat
ter considers too expensive currency daily
use owing the express charges paid by the Govern
ment in putting these coins into circulation and the fur
Their charges paid by tho people TO them TO he
monetary centres where they alone DO used these
coins cause large loss u tho community. IL appar-
ent says that the execution OF the coinage law 4,
gradually converting the funds OF the Treasury into
standard dollars Every oXcrtiOn has boon MADE
to give an extended circulation to these coins
but without the success which the large
expenditure iLcurred would warrant Tho
measure or has been obtained has been M
great expense TO the Government the excessive cost
furnishing strong argument against continuing the
issue. The circulation Obtained Is shOrtlved the coins
finding their way back immediately To the SuhTreas
ury. the movement costing individual holder,
transportation than the original cost Tho
Government skthe sub-treasurics become overloaded
with returned dollars and the mints with u1issued dol
lars the Government is obliged To transport them al
heavy to the nearest place ia which yaut-room
found. ic recommends that tie Treasury per-
mtted % seek some more economical mode than now
employed In order to distribute them other moneys
from the Treasury.
The Treasurer states tho amount OF fractional coin
l..N o. IA