Western cyclone., 1886-07-15
ANALYSIS OF THE PUBLIC DEBT.
Reduction the Past MontJt-The Financial
Afairs Of the Nation IN General.

Reduction the Past MOnth-The Financial
AfatTs Of the Nation IN General.
The public debt was reduced last month
over $9000,00O and for the fiscal year
which closed June 30, over 500, 900, 900
against $50, ,449, ,7O9, the preceding year.
The bonded debt shows a reduction during
the year just closed Of $50, 136, $50, all OF
which was in the 3 per cent loan. There
has been also during the year a reduction
in outstanding certificates Of deposits,
$11 $50, ,00O;gold certifcats, $5O,685, 355,
and silver certificates, $13, Ala, 721, MAX
ing total reduction in this form of indebt-
-edpess OF $75, ,430, ,O76. The column show
ing the debt on which interest has ceased
has increased since last July about $5, 5OO,-
900, caused by the call OF bonds and their
transfer to the non-interest bearing debt
upon maturity. The total amount OF 3
ner cent bonds now outstanding, subject to
call is S144, 046 600. During the year over
$36, 900, 900 Of 3 per cent bonds, held to
secure bank circulation, were withdrawn
from the treasury, thus reducing the ma
tional bank circulation $50, ,553, 900. One
tiCn of notes of liquidating banks was $685.
46O. 938. 1t is now $6O,146,726 This
represents the actual amount of United
States notes deposited by reducing, liqui-
dating and failed banks in the treasury, in
lieu OF the bonds withdrawn, and that
amount OF United States notes is withheld
from circulation. The gold fund shows a
loss since June 1st Of IS, 977, 275 in bull
lior, and gain OF S2,39O, 665 in coin,
making the net loss $3,5S6, ,61O. The
bullion was exchanged for certificates,
and doubtless withdrawn for ex-
port. The treasury holding Of gold,
however, shows no material change
for the month just closed, the amount held,
not covered by certificates, being $156,-
793. .749, an increase over June Of about
$500, 900. The amount OF free gold held
by the treasury July 1, 1885, was $780,
296,895, which is nearly $50, 500, 900 less
than the amount now held. While the
treasury gained this large sum in gold dur
ing the past twelve months, it materially
reduced its outstanding gold by redeeming
nearly SAT 900, 900 in certificates, cutting
down these liabilities from $127, 100000
on July I, 1885, to $S0,O00,OOO, on July
1, 1886.
The number of silver dollars in the treas
ury is 181, ,253, ,566, an increase for the
month OF 3,00O,O 900, and for the year Of
15,840, 444. The number Of these pieces
held, not covered by outstanding certifi-
Gates, is SO, 1877 ,341, an increase OF over
29,O00,000 since July l, 1885. The num-
Der Of silver dollars in circulation is over
100000 against 39,0O0,000 one year
ago.
During the year the outstanding silver
certificates were reduced from $1O1, OOO,-
900 to S8S 600 600 The available hal
ance reported by the treasurer is SIS. 191,-
Ito, an increase of $34, ,514,179 for the
year Under the old form of stating assets
and liabilities the available balance would
be $215, 225, against $172, 800, $50 a
year ago.
The receipts for June were $32, ,51O.62O,
an increase of over $5,000,O0O compared
with June, 1885, nearly all of which was
from customs.