The Abilene reflector. [volume] (Abilene, Kan.) 1883-1888, 1886-07-08
NATIONAL FINANCES.


! How Uncle Sans Accounts Stood at the
| Close of the Fiscal Year.
WASHINGTON, July 2.-The public debt
was reduced last month over $4,000, 600 and
! for the fiscal year which closed June 80,
over 100000, 900 against 3,449, 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 per
cent loan. There has been also during the
year reduction in outstanding certificates
of deposits, S11, $50, 900; gold certificates.
S50,6Sj, 355. and silver certificates, Sl3,414,-
721, making a total reduction in this form
of Indebtedness of SIS, 43O.O76. The column
showing the debt on which interest has
ceased has increased since last July about
S., 100000, caused by the call of bonds
and their transfer to the non-interest
bearing debt upon maturity. The to-
tai amount of 8 per cent. bonds now out
standing, subject to call is Sl44, DAG. 600.
During the year over S3G, 100000 OF per
cent. bonds, held to secure bank circula-
ton, were withdrawn from the treasury,
thus reducing the national bank circulation
S32, $50, 600 One year ago the amount held
for the redemption of notes of iiquidating
banks was SIS, 46O93S. 1t is now $780,
1867 This represents the aetna! amount
of United States notes deposited by reduc-
ing. liquidaiing and failed banks in the
treasury, in lien of the bonds withdrawn,
and that amount of United States notes is
withheld from circulation. The gold fund
shows loss since June l of S5.971,275 in
bullion, and gain of S2.390.GG5 in coin,
. hn hr1i-
lion was exchanged for certificates, and
doubtless Withdrawn for export The
treasury holding of gold. however,
shows no material change for the month
Just closed, the amount held, not
covered by certificates, being S15G, 793, 749,
an increase over June of abOut S500.000.
The amount of free gold held by the treas
ury July l. 1885. was $50, 296, S95, which
is nearly $50 800. 900 less than the amount
now held. While the Treasury gained this
large sun in gold during the past twelve
months, it materially :educed IS 0utstand-
ing gold by redeeming nearly SAL, 0000 600 in
certificates. cutting down these liabilities
from S127, 600, 900, on July 1, 1885, to $780,
0OO. 900, on July l, 1886.
The number of silver dollars in the treas
ury is Isl. 253, 5G6, an increase for the month
of 100000, and for the year of u, S40,444.
The number of these pieces held, not COW
cred by outstanding certificat ties. is 90, 1885,
341. an increase of over 29,000,000 since
July /, 1885. The number of silver dollars
in circulation is over 81, 600, 900 against 3d.
coo, 900 one year ago.
During the year the outstanding silver
certificates We're reduced from SOL, 000,O09
to SIS. 10000 The available balance re-
ported by the Treasurer is S75,191,1i0 an
increase of S34.514,!79 for the yerr. Under
the obi form of stating assets and liabii ties
the available balance would be S215, llG, 255,
against S172 SEQ $50 a year ago.
The receipts for June were $50, $1,000,
an increase of over s., 100000 compared
with June, 1885, nearly all of which was
from customs.
The annexed table shows the receipts
and expenditures for the two fiscal years
ended June 80, 1855 and 1856: