Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1885-01-15
UNCLE SANS OBLIGATIONS.


Analysis of the Public Debt State
nlent for the Past Six Months-The
Showing Not so Favorable as Corr
responding Periods i'm 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. Fer the six Inonths Just
closed the reduction was something
over monthly average of So, 600, 900,
the aggregate being $751; sol, S64. For
the six months ending with Decem Der,
1888, the reduction was $53, 900, 900,
and for the same period Ia 1882 it was
over $S1, 0O0,0 600. For the past two
months, there was an increase, so
called, III the debt of 81, SSS, 500, the
increase for December being S641, $50.
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 S641, 900 in ex-
cess of the same liabilities on Dec. /.
Notwithstanding this apparent in
crease during December there is no
change IN the total of the interest
bearing column of thr debt, while the
non-iuterest- bearing column. in whica
is included matured called bonds
shows reduction of 50, 142, 900 since
December 1.
GOLD AND SILyRR.
The gold coin and gold bullion fund
shows an increase of $3, 600, 600, the
aggregate Of this fund being 1894,
675. 1852, against which there is out
standing certificates OF $63, 66S. 432.
In outstanding certificates there was
a 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, 500, 900.
and these pieces in the Treasury now
number las, SOP 865. The outstanding
silver certificates show an unpreced-
ented increase in December, the
amount now being $114, S65, GIL, an
increace of nearly SO, 600, 900 for the
month. This large increase is due to
| q depOsite of gold Ia New Yoek in ex-
change of silver certificates issued la
the south and west and to the dis
bursment of S., 10000 Of similar GER
tificates by the Treasury, thus reduc-
ing the silver dollars on hand not Gov
cred by certificates to less than $780,
600, 900.
BANK NOTES.
About $50, 900, 900 in United States
and National bank notes are held, an
increase of about So, 900, 900 since Dec.
| 1. The certificates of deposit as clear
ing house certificates show an increase
of So, 200, 900, the amount outstanding
being $24, $4,000 The available cash
balance is nearly $141, 900, 900, an in
crease of less than IS, 900, 900 since the
last statement
A statement prepared by the compt-
roller OF the currency shows that
during the calendar year there was q
contraction in National bank circuIa-
ton of over $21, 100000, the net de-
crease since Nov. 1, having been
Sc. $50, 595. The bank circulation now
outstanding is reported at 1929, 158. 623,
but in reality it is only 1885, 485, 055,
because the difference between those
two lines of fgures-nearly $43, 7OO,-
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-
demptlon. Of the 1874. 900, 900 of 8
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 $155,
900, 900.
The receipts for December were
$22, 1856, 600, against $25, 100000 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: