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

remain on the reservation.
THE CONDITION OF THE INDIAN SCHOOLS,
The report says, is gratifying. The Winnie
bago and Grow Creek reservation trouble IL
reviewed, and it is announced that the Pres
idents order withdrawing these lands from
settlement has been almost universally
obeyed. The exceptions, if any exist, are
cases in which q removal would cause suffer-
ing The story of the Oklahoma invaslons
is retold, and it is stated that these uniaw1ui
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 1928, $780, FOG, or S34,s29, ,163 |
less than that of the preceding year, while
the expenditure was S26, $685. or SIG,
500 greater than that of the preceding year
The surplus available for the reduction OF
the public debt was, therefore, S4O,929,e5f
less than was available on the first of July,
1884. Assets, according to the new form OF
statement, September Both, 1886, were S574,-
7OS, ,256 or an increase of S55,07S,OO7 over
1884. The liabilities were S3S0,3Sl, III, an
increase of S10,216,592 over 1884, and the
balance, S194;326,47s, an increase of ST.
s01, ,416 over 1884. During the same period
there has been an increase of S33, 1858 in
gold assets, S52 OH in silver assets, &c.
| ZIG, ,423 in legal tender assets, and of S171,-
2S4 in National Bank assets and National
Bank deposits. The bullion fund, or depos-
| its in the mints, was, on the Both OF June
this year, S148, 8,504 500, as against S141 ,6S,-.
O6S 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 $S4, ,493, 153.
SILVER CERTIFICATES TO THE AMOUNT OF
$40,000,000
Were issued, and S2O,990,045 were redeemed
during the wear. Gold certificates of old
issue, amounting to s52, ,420, were redeemed.
OF the new issue S63,00000O were issued,
and $2l ,O17 100 were redeemed; coupons
from United States bonds to the amount of
S8,O84, ,067 were received from several Assist
ant Treasurers, by whom they were paid and
examined in this office. Called bonds of the
United States, amounting to $45,96S, 600,
were redeemed, of which amount $40 $685.
15O was for the sinking fund. Interest
amounting to S42, $40, 1876 on registered bonds
of the United States, including those issued
to the Pacific Railroad companies, was
paid.
THE NATIONAL BANKS WITHDREW $685. $50
Of bonds held to secure their circulating
notes, and S31 800, 700 of bonds were depos-
tied for that purpose, net decrease of S22,-
002,65O. Among the deficits occurring dur
ing the fiscal year, making the amounts
involved unavailable to the Treasury, were
one of S25,341.61 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, reduction of the
amount involved in the failure of the Ven
ango National Bank of Franklin, Pa, of
S12, 1861 60, and adjustment of two defaults
| in the former United States Depository at
Baltimore, amounting to S6,9OO.77 and
81, 1867 respectively, making a total de-
/ crease of S26,53S.6s, and net increase in
unavailable funds of Sl0,660.30.
THE NATIONAL BANKS PAID INTO THE TREASURY
t On account of semi-annual duty on theii
: circulation, the sum of $2,7945Sf, which
was $230,OS4 less than was paid on that ac
! count the preceding year. Circulating notes
were received for redemption during tht
year. This amount included notes o.
? National Banks that have failed gone into
! liquidation, or are reducing their circula
ton, of which $28462,225 were redeemed
during the year. The notice is given of tn
suspension of the issuance of one and two
2 dollar notes, and the economy affected
thereby, the saving for one quarter beinl
, the cost of printing S5,000OO0 worth O
9 notes and the paper used in their manu-
Q facture. AT this rate a reduction in tn
small note issue is indicated by abou
D s;28,0OO,O0O during the current year.
l., The Treasurer further recommends tn
g ESTABLISHMENT OF AN ISSUE DEPARTMENT
!, In order to obtain greater security than nov
prevails in the treatment of legal tende
7. notes and other securities of the Govern
= ment. The report states also that there ha
u ! been printed, but not issued, Government
L securities in excess of the sums provided b,
/ law, amounting to S187, ,12S 900, and request
l. that the practice of printing these notes b
sanctioned by law or the notes retired
u The Treasurer says that he should hav
l. authority to make frequent examinations o
IS sub-Treasuries and the Mints to enable hin
L to know that the funds with which he j
charged are held as represented, and to hol
+ officers to more strict accountability thai
y has heretofore prevailed. He recommend
u an appropriation sufficient to cover the ex
=, T. pense of such examinations He also favor
10 scheme for the reorganization of the sub
u Treasures of the United States, the officer
% of which have had the
IL DUTIES AND RESPONSIBILITIES LARGELY IN
ri CREASED
ss Through the issue of gold, silver and lepa
tender certificates; and in other ways atten
tion is directed to the large amount of fund
to the credit of disbursing officers of tn
IL government. 1t is believed that advance
yr are made to these officers in excess of thei
u current requirements. For years the amour
70 70 has rarely been less than $20,0OO,OOO, an
~ has frequently exceeded S40,000,000. II
~ recommended that the modes of payment
u them be restricted to the sumo needed. i
g. monthly payments. A very large part {
., these advances is made to pension agents
al and it is recommended that change i
s- made
ri IN THE MODE OF PAYING pRNsIoNs
as And that these payments be made by mean
IN of Treasurers' checks in the same manner
I'd interest on the public debt is now paid. Tl
or Treasurer recommends that the practice {
or issuing legal tender gold and silver certif
e. Gates be discontinued, as expensive and dar
u gefous through the accumulation of the in
le mense sums now in the Treasury, silver ce
~ titicates especially, on the ground that il ht
III proved to be positive hindrance to MOI
nj extended circulation of the silver dolla
Is This latter he also considers too expeusi,
Us currency for daily use, as owing to Ii
ie express charges paid by the government
~ ~ putting these coins into circulation, and IL
as further charges paid by the people to retul
ne them to monetary centres, where they alor
n can be issued,
to Silver COINS CAUSE LARGE LOSS TO TT
al COMMUNITY.
he 1t is apparent, he says, that the execution
1y the coinage law is gradually converting IL
er funds OF the Treasury into standard dollar
ly Every e1ertion has been made to give an o.
b. tended circulation to these coins, but witt
e. out the success which the large expenditur,
Sc incurred would warrant Such success ,
al has been obtained has been at a very grei
)n expense TO the Government, the excessi,
lis cost furnishing strong argument again
IL continuing the issue. The circulation oil
Mt tanned is short lived the coins findino tI,n