Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1885-12-07
WASHINGTON NEWS.
Annual Report Of the Treasurer Of the
United States-The Presidents Mes.
sage-Orsanization Of the House and
Senate.
WASHINGTON. Dec. {


The annual report Of c. N. Jordan. treas
urer of the United States, shows that the
net revenue of the government during the
last fiscal year was SS23, 800, 706, or S24, ,Ss6.-
l63 less than that of the preceding year,
while the expenditure was $3.50, ,226 1856, or
Sl6, ,lOO,6SO greater than that of the preceding
year. The surplus available for the reduc.
tion of the public debt at the close of the fis-
cal year was therefore $40, ,929 ,S54 less than
was available on the lst of July, 1854 The
assets, according to the new form of state
ment, Sept. 80, 1885, was S574 ,70S 256, an
increase OF S55 ,OlS, ,00l over 1854. Liabilities
S3SO,3sl. .'97. an increase of Sl0,2l6, ,59l over
1884, and balance of Sl94 ,326, AIS, an in
crease of 44,S0l 4l6 over 1884, During the
same period there has been an increase of
s3S, 1853, ,633 in gold assets, S22, ,O95 ,Ol6, in
silver assets, Sc, 776 423 in legal tender assets
Sill ,2S4 in national bank deposits, '.bullion
fund" or deposits in mints on the 30th of
June this year, Sl4S, 504 1924, as against
SAL ,64S ,06S, June 80, 1884. The
issue of United States notes jurng the
year, In place of such as were returned in
worn and mutilated condition, amounted to
SS4, ,493, l54. Silver certificates to the
amount of $40, 900, 900 were issued and S2O..
990,045 were redeemed during the year.
Gold certificates, old issue, amounting to
$50, APO were redeemed. OF the new issue
S63,OOO0 900 were issued and S2l ,0l7 100
redeemed. Called bonds of the United
states amounting to S45 ,96S, 600 were re-
deemed of which amount S45, ,5SS, $50 was
for a sinking fund. Interest amounting TO
S42,57O,736 on registered bonds of the United
States, including those issued to the Pacific
Railroad Co., was paid by means of 245, ,l59
checks on the treasurer and assistant treas
urer. The national banks withdrew S53.-
203, $50 of bonds held TO secure their cir
culating notes and S3l 300, 700 of bonds were
deposited for that purpose, net decrease of
So, ,0O2, $50. There were also deposited bv
national banks as repositories 81, ,904. .450 in
bonds to secure public moneys deposited with
them and S3,357, 450 of bonds so held were
Withdrawn. The total movement of bonds
was S9l ,S65. $50.
The national banks paid into the treasury on
account of the semi-annual duty on their cir
culation the sum of 81, 794 ,554, which was
S230,0o4 less than was paid on that account
the preceding year Circulating notes of the
national banks amounting to $3.50, 209 l29
were received for redemption during the year.
This included notes of national banks that
have failed, gone into liquidation or reducing
circulation, of which S2S, ,462 ,225 were re-
deemed during the year. The unavailable
funds of the treasury were increased from
S309, ,5l4 500 to 500, ,525 1926 during the wear.
Unavailable funds including deposits with
states (S2S, l0l ,044), amount to S29 ,562. .602
Amount provided for sinking fund S45, $50
$50. The treasurer recommends that the
provision for this fund be reduced to Sl5.-
900, 900 per annum. Notice is given of the
suspension of the issuance of 81 and So notes,
and the economy effected thereby, saving for
one quarter 100000 notes. Its recon-
mended that a change be made in the mode
of paying pensions, and the payments be
made by the treasurer in the same manner rs
the interest on the public debt is now paid
The treasurer recommends. that the practice
of issuing legal tender gold and silver cert-
icates be discontinued, as expensive and
dangerous through the accumulation of the
immense sums now in the treasury. The
silver dollars he also considers too expensive
currency for daily use, as owing to the ex-
press charges paid by the government in put
ting these coins into circulation, and the
further charges paid by the people to return
them to the monetary centres, where they
alone can be used. The treasurer recon-
mends that the entire revenue derived from
the post office department, go through the
treasury and be spent under its supervision
as all other moneys are which are derived
from revenue of any kind The treasurer
apologies for the length of his report, but he
thinks the treasury should be as glass house
through which the sun shines to the utter
most nook and Granny.
The Presidents message will not be sent
to Congress until Tuesday. The Senate is
expected to adjourn tomorrow out of respect
to the memory of the late Vice President i'm
mediately after the swearing in of its men,
bers and the election of its president pro
tempore. The committees of the Senate
were all organized at its special session last
March and under the rules of that body they
continue throughout Congress, unless changed
by order of the Senate. 1t is probable that
the reading of the message will consume the
greater part of Tuesdays session, though it
is possible an opportunity may be afforded
for the introduction of bills. The Presiden-
tial succession and electoral count bills may
be reported back from the committees to
which they will be referred in time for ac-
ton before the end of the week, and the res
oiution embodyng the code OF joint rules
which the Senate adopted two years ago may
possibly be also brought to point of action.
But little or no other legislative work is ex-
pected during the week, or in fact before the
holiday recess. The Presidents appoint
ments. made during the summer recess, are
required by law to be sent to the Senate for
confirmation within 30 days of the assem-
blage Of Congress and the consideration of
these nominations will probably consume the
large part of the Senate during the early
weeks of the session.
Immediately after the assemblage of the
House of Representatives tomorrow the clerk
of the last house will call the roll, and upon
a quorum of members answering to their
names the work of organization will be pro-
ceeded with. The speaker will be elected
and members will then be sworn. 1t is
probable that Immediately upon the compile
ton of its organization the House will ad-
journ a mark of respect TO the memory of
Vice-President Hendricks. After the read
ing of the Presidents message Tuesday, and
its reference TO the committee of the whole,
the expected contest over the rules may be
precipitated by the customary motion to re-
adopt the rules of the preceding Congress.
In the 4Sth Congress there was some talk Of
modifying certain rules, and for this reason
the rules of the 47th Congress were adopted
only for limited period of time, though they
were finally adopted without important
changes. 1t is not unlikely that this course
will be pursued, and the rules of the 48ih
Congress confined in force until the Christ
mas recess, thus affording an opportunity for
full and careful consideration of the
various plans proposed for their improve
ment. The debate promises not to be an
interesting one, for although the subject of
rules is in itself somewhat dull, incidental
discussion will cover wide range of subjects
and probably involve the tariff, silver ques-