Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1886-10-06
PUBLIC DEBT STATEMENT.
A REDUCTION OF TEN MILLION DOL.
LARS DURING SEPTEMBER.

A Good Showing In the Treasury for the
First Quarter of the Fiscal Year-De'
crease in Pension Payments as Com
pared with Last Year-Inci ease In Gov.
ssnmsnt Expenses--Bonds Redeemed.
WASHINGTON CRY, Oct 4.-The treas
ury is able to make very good showing foI
itself for the first quarter of the fiscal year.
The receipts are nearly IS, 75O, 900 greater
than in the same period last year, and mors
than $500 900 greater than for the same
period three years ago. In the matter OF
customs the increase is nearly $3.50, 900 over
last year, and IS, 250, 900 over two years ago
The internal revenue shows gain of more
than 5000, 900 over last year, and more than
$50O, 900 over two years ago. As compared
with the same quarter last year the expendi-
lures have increased nearly $500 900; as
compared with two years ago the increase is
less than $500, 900 The ordinary expenses of
the government show an increase of nearly
SIS, 900 over last year. Pensions have de-
creased nearly g., 250, 900 since last year, and
increased very little as compared with two
years ago Interest shows a decrease OF
$3.50, 900 since last year, and nearly 5000, 900
as compared with two years ago For
the first quarter of the fiscal year 1885 the
excess of revenue over expenditure was 81, '
S31, 9S5 For the same period of 1886 it was
81, 314, 767 For the same period III the fiscal
year 1881 it is S14, 623 $50. The large increase
in the ordinary expenditures of this year over
last year is due partly to the river and harbor
bill. The net debt or total debt less cash iH
the treasury was reduced over $4,000, 900 ir
July, not quite 81, 900, 900 in August, and over
SIC, 627 ,0iS II III September-a total for thre
months of S21, 5s6, SIG. But the reduction OF
the interest bearing debt was greater. During
the three months per cent. bonds to the
amount of S2S, 49,, 800 were redeemed. In all
there have been redeemed of the 5 per cents.
t1S3, 919, 900; "a 800, $50 Of called per cents.
are now outstanding, asd $666, $50 of IS have
been redeemed under the circular of Sept 10.
The total amount of IS now uncalled is
SIS, As, 200. The per cents. now out,
called and uncalled, amount to
$3.50, 155, $50, Of which $ST,04S,4 $50 is
held for national banks to secure circulation.
There are also held for the banks to secure
circulation $3,576, 900 of 6's, $50, 500, 600 of
41<'s, and sl14, $50, $50 Of As. The national
bank notes outstanding are S303, 212, l52, the
decrease in September being q, 157 ,593, and
in twelve months s13, $40, 65a. Although the
treasury has redeemed more than S2s, 0OO,oOC
Of per cents in the past three months, II
has only slightly reduced its net balance,
and instead of greatly depicting its supply OF
gold it has actually increased it. The treas
ury owns 81, 12S, 46s in gold more than it did
three months ago, and the net balance has
fallen off to 8, ,7ss. The treasurer's
statements of assets aud liabilities shows that
the treasury owns SIS, e17,21 Of gold
gain Of s1S4, 923 in the past month-and $50,
6S3, STA of silver-a decrease of Sc, 1872, 1853 for
the past month. The de crease of silver was
accomplished by increasing the circulation
of certificates. The net outstanding sill
yer certificates show an increase for
the month Of $685. 1852 The treas
urer's net balance is now S61, S96, 321,
a reduction for the month of So, 6S1, 240. The
balance by the old method of statement-in-
GLIDING the fund to secure the greenbacks,
the subsidiary silver, and the interest accrued
but not due on government and Pacific rail-
road bonds-would be S3tl5, 05S, rs.
Treasurer Jordan has prepared a statement
of the kind of money in which customs duties
in New York have been paid since July, 1885.
The amount paid in gold certificates was less
than per cent. in July, 1886, 161s per cent.
in August, and 67.3 in September. The per-
csntage of United States notes dropped from
S4 in July to 22.5 in September. Silver GER
tifcates in August and September formed
less than per cent. of the total