The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1885-06-03
THE NATIONAL CASH.
FINANCIAL POINTS PICKED OUT OF
THE TREASURY STATEMENT.
Largest Available Cash Balance Since
1881, and Growing-The Public Debt
Gold and Silver Holdings -Re-
ceipts and Expenditures.

WASHINGTON Cry, June 8. The decrease
shown in the public debt by the statement
issued Monday for the month Of May is
81, 425, iS5 new form So, $50 s33D, and for
the eleven months s54, 5000 There is
little difference between the figures of last
month and for May, 1884, but, comparing
the eleven months ending Sunday with the
corresponding period Of last year. there is a
difference of over ST., 600, 900 in favor Of the
latter period, and it is not
likely that this difference will
be materially reduced when the
transactions of June are recorded The sur
plus for the last fiscal year was over Sll0,-
000,00o. 1t will hardly exceed $4,000, 900
this year. Compared with May l, there Is
no change in the interest-bearing debt, aud
the non-interest- bearing column shows a
reduction of less than 5000 The So
called decrease in the debt for the month,
therefore, consists of increased cash in the
treasury which, deducted from the obi
cations, shows that the treasury is stron ger
by the sum stated than it was one month
ago
The available cash balance is $l62, 703, 27i,
an increase over May l of $1,000, 900. This
is the largest balance held by the treasury
since July, 1881, when it exceeded $l7l ,0OO,
900, and it is doubtful whether the present
balance has ever been so large with
the single exception named. Most of the
deficiency appropriations made by con
gress have been paid, together with other
large sums provided for extraordinary ex-
penditures. such as Alabama awards and
the New Orleans exposition, and this very
large available balance, therefore, is certain
to be steadily increased during the coming
six months unless the secretary Of the treas
ury will call bonds for redemption.
According to the new form of statement
the net cash is $50, 100000 an increase of
&, 900, 900 over that shown by the same
statement for April
During the month the net gold has de
creased 81 800, 900, the gold not covered by
outstanding certificates being $ll5, $40, 53S,
In the same time there has bsen an increase
to the silver dollars not covered by Outstand-
ing certificates of nearly s., O00, 900, the
number of these pieces now owned by the
treasury being S57, 1896 Since March l.
the date at which the present administra
ton may be said TO have assumed the direc
ton of affairs, there has been an increase
treasury of S15000,000, a monthly
average of S5,00o,00o. Deducting 81, 500,
900 for the coinage of the past three months
it will be seen that in the period named tht
treasury absorbed 8, 500, 600 of silver in ad
dition to the entire product of the minis
For the same period in 1884 the increase il
these coins was about S6000,000 Thes'
figures do not include the amount of silve
| bullion. which varies very little, standing a
about 81 00O, 900 each month,
An examination of the gold funds show
| that the loss in net gold has been sine
March /, 81, $50. 600, which is just s., 900, 00
| greater than the loss in gold for the CORE
| spending three months of last year.
The receipts for last month were SIS, 100,
1856 against $50, 372, 600 for May, 1854 Th
| loss was almost entirely in internal revenue
| The annexed tables show the receipts an,
| expenditures for the eleven months ende,
Monday, compared with the correspondent,
eleven months of the preceding fiscal year
| pECETurc