Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1885-01-16
UNCLE SANS OBLIGATIONS.
Analysis of the Public Debt State
ment for the Past Six Months-The
Showing Not so Favorable as Cor
responding Periods In the Five Pre-
Vious Years.

responding Periods in the Five Pre-
vious Years.
Inter Ocean.
WASHINGTON, Jan. 2. The Treas
ury record for the first six months OF
the current fiscal year will not com
pare favorable with corresponding
periods of the past five years, in so far
as the reduction of the public debt is
concerned. For the six months just
closed the reduction was something
over a monthly average of S., 900, 900,
the aggregate being $751; sol, S64. For
the six months ending with December,
1888, the reduction was S53 600, 600,
and for the same period in 1882 it was
over $S1, 100000. For the past two
months, there was an increase, so
called, ia the debt Of 81, 3SS, 500, the
increase for December being $641, 3S5.
This increase is caused by the falling
off in the receipts and the increase of
current liabilities, the result being
that the aggregate liabilities of the
government after deducting the avail
able cash on hand are $641, 900 in ex
cess of the same liabilities on Dec. 1.
Notwithstanding this apparent in
crease during December there is no
change in the total of the interest
bearing column of thr debt, while the
ncn-iuterest- bearing column, in whica
is included matured called bonds
shows a reduction of 50, 142, 900 since
December /.
GOLD AND SILVRR
The gold coin and gold bullion fund
shows an increase of So, 800, 900, the
aggregate of this fund being 1884, =
675, $50, against which there is out
standing certificates of $63, 66S, 432.
In outstanding certificates there was
small decrease, so that the gain IN
the net gold during the month was
about So 100000.
The number of silver dollars on
hand was increased about 81, 800, 900,
and these pieces in the Treasury now
number las, SOP S65. The outstanding
silver certificates show an unpreced-
ented increase in December, the
amount now being $114, S65, Gil, an
increace of nearly $40, 900 for the
month. This large increase is due to
depcsite of gold in New Yoek in ex
change of silver certificates issued IN
the south and west and to the dis
bursment of S.. 500, 900 of similar Ger
tifcates by the Treasury, thus reduc-
ing the silver dallars on hand not COW
cred by certificates to less than $32,-
000, 000
BANK NOTES.
About $50, 900, 900 in United States
and National bank notes are held, an
increase of about 81, 600, 900 since Dec.
1. The certificates of deposit as clear
ing house certificates show an increase
of 50, 200. 600, the amount outstanding
being $@4, 920, 000 The available cash
balance is nearly $141, 900, 600, an in
crease of less than S., 900, 900 sInoe the
last statement.
A statement prepared by the compt
roller Of the currency shows that
during the calendar year there was a
contraction in National bank circula
ton of over $21, 900, 0G0, the net de-
crease since No.. 1, having been
Sc 3J3, sos. The bank circulation now
outstanding is reported at 1929, 15S. 623,
but in reality ii is only 1886, ass, 055,
because the difference between those
two lines of figures $43, 700,-
0G0-has been deposited in the treas
ury in United States notes to redeem
a like amount of bank circulation.
This deposit of legal tenders was made
necessary by the call of bonds for re.
demphon. OF the 1874, 600, 900 of :
per cent. bonds still subject to call the
National banks have On deposit with
the treasurer to secure circulation and
deposits of public funds over $685.
000, 600.
The receipts for December were
$22, 835, 600. against $25, 060,000 for
December, 1888 The falling off was
almost entirely in custom receipts.
TIE following table shows the receipts
for the first six months for The cur
rent and preceding fiscal year: