The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1885-12-11
OUR FINANCES.

WASHINGTON, Dec. s. The annual re-
port Of the United States Treasurer shows
that the net revenue of the Government
during the last fiscal year was 1898, 690,-
706, or S24,S29. 1853 less than that of the
preceding year, while the expenditure was
$3.50, 226, 935, or $16, 1906 greater than
than that of the preceding year. The
surplus available for the reduction of
the public debt at the close If
the fiscal year was therefore $40
929, S54 less than was available on the
1st of July, 1884. The assets, according to
the new form of statement, September 80,
1885, were S574, 708, 256, or an increase o.
S55, 018,0 over 1884; the liabilities were
$3.50, 381, III, an increase of $10,216, 59l
over 1884; the balance is S194, 326, 478, al,
increase of S44, 801, 416 over 1884. During
the same period there has been an increase
of S93, 463, 633 in the gold assets. of $22,-
095, 016 in the silver assets, of S., ZIG, 423 in
the legal. tender assets, and of S171, 1884 in
the National bank assets and National
bank deposits.
Continuing, the report says:
The issue of United States notes during the
fiscal year in place of such as were returne
in worn and mutilated condition amounted
to $s4 1873, f53. Silver certificates TO the
amount of 81 100000 we're Issued and $20, 800.
045 were redeemed during the year. Gold
certificates of the old issue amounting
to So, 40 were redeemed OF the new issue
S63, 0100 600 were issued and $2I.0IT, 100 re
deemed Called bonds of thes United States
amounting to $685. 200 were redeemed. Of
which amount $45, 5S6, $50 was for the sinking
fund The National banks withdrew So.
303350 of bonds held to secure theil
circulating notes and $3l, 200 OF
bonds were deposited for that purpose
Notice is given of the suspension of the
issuance OF one and two dollar notes, and the
economy effected thereby. the saving for one
quarter being the cost of printing l5.G0)000
notes and the paper used in their maHufact-
ure. AT this rate reduction in the small
note issue is indicated of about 28.0U0.000 dur
ing the current year.
The Treasurer recommends that the prac
tice of issuing legal tender gold and silver
certificates be discontinued as expensive and
dangerous-the silver certificate especially
on the ground that it has proved to be posi-
tive hindrance to more extended circulation
of the s liver dollar.
1t is apparent, he saws. that the execution
of the Coinage law is gradually converting
the funds of the Treasury into standard dol
lars. Every exertion has been made to give
an extended rculation to these coins, but
without the success which the large eXpendi-
ture incurred would warrant. The circulation
obtained is short-iived the coins finding their
way back Immediately to the sub-treasuries,
the return movement costing individual
holders more for transportation than the
original issue cost the Government AS the
sub treasures become overloaded with re-
turned and the N nts with uDssued dollars
the Government is Obliged to transport them
at heaVy COST 70 the nearest place where
vault room can be found He recommends
that the Treasury be permitted to seek some
more economical mode than now employed. IN
order TO distribute them and other moneys
from the Treasury. The Treasurer recon.
meDds the repeal of the redemption law as
to minor coins. and the issue of new coins of
greater weight enc greater beauty.