New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-06
COIN AND PAPER MONEY OF THE COUNTRY

ANNUAL REPORT OF THE TREASURER -SUGGESIioNs
AS TO LpGIsLATION.
WASHINGTON Dec 5-The United States Treasurer has
submitted to the Secretary of the Treasury his annual re-
port which it appears that the receipts OF the Gov
ernrnent for the year ended June 80, 1856 were
727 aud the net expenditures T242,4S3l3S
The of revenue expenditures wasS93956oso
The receipts were Sl2,749 90, IS greater, and the
expenditures $17743796 81 less than last year.
making increase in the net receipts for the past
fiscal year that OF 1885 Of S30i92Sl7 %. The
receipts account of the Post Office Department not
included in the above statement amounted to S52997.
1885, of So over those OF the preced-
ing year; the expenditures increased from $1O3263l1
in 1885 to $50 6s25S5 in 1856. or $35627l Bonds OF
the United amounting to S41.53135O were re-
deemed and applied TOT the sinking fund Coupons from
bonds of the United States amounting to $75574l2 were
paid by the Assistant Treasurers Interest amounting 10
$40 1913 Gs7 paid registered bonds of the United
States including bonds issued 20 the various Pacific Rail
road companies Coupons from 365 per cent bonds of
the District OF Columbia amounting TO $l054i1 were
paid and registered interest amounting TO $4l644s was
paid OF bonds held by the Treasurer OF the United
States in trust National banks SG1042400 were with
drawn OF which amount 1900 held TO secure
circulation and 81 117100 was held AS security for de-
posts public moneys The bonds deposited to replace
those withdrawn account Of circulation amounted to
500 754 900 and on account of deposits to S6,170O00
making total decrease of 31 in the bonds held
by the Treasurer for National banks The total move
ment of bonds held for the National banks was SS7967,
| 800.
Worn and mutated United States notes amounting to
sos 900 600 forwarded to the Treasury for redemp
ton during the year. and like amount were
issued in place thereof The issue OF silver certificates
during year amounted to 1000 600 and $2s
were redeemed. Gold certificates amounting to
| $lo,lSs,S 800 were redeemed.
The amount the credit of disbursing officers of the
Government the books OF the Treasury at the close OF
the year was $I7.9i71O7, of which $15,331 .354 was
| on deposit in the Treasury and $2,6l5,153
| IN the National bank depositaries. The unavail
| able funds of the Treasury June 30, 1856. were
S29, 521, 1910, a decrease Of $39l6 from last ycaI
The balance in the Treasury the close OF the year end
ing September 80 1856. $100s55,775, an increase
over that OF ss5 of $6s15636 The available balance
was S729I3l41 against SOS, 9221 91 last year, in
| crease OF $l399s,949.
The Treasurer calls attention to the large held by
minis and assay offices and suggests that the coins held
by them placed in the actual custody of the Treasury
end the duties mint officers be confined to the assay
ing and coinage of the bullion placed in their charge The
present method of examination Of the subreasuries
he says, is very unsatisfactory, and an appropriation
should be which would enable the Treasurer TO pu
these offices in good condition. and thus render the work
of annual examination more thorough, hut less costly
hereafter lie says that alterations in the present system
arc rendered necessary by the financial changes which
| have taken place since 1t was adopted
Tables given showing the former and the proposed
manner OF estimating the sinking fund charge for the
fiscal year 1887 and it is suggested that the old method
of making up the fund be revised and the annual pay
ments on account OF this fund be made in accordance
| with the new form. The Treasurer says that by til,
present method the entire debt will be retired by III,
| year 1908 II the proposed method be adopted Tho
debt will be extngushed by the year 1913 Undel
the old system sinking fund charges for 1887 would
49s43.72s. Under thepronosed method they would
| DO $37, 436,45S, or $l2, i07,27O less
utof uif utgta
at the close of the fiscal year was S3iG6sl 0l6. Com
pared with 1883 there outstanding an increased
amount of five and thousand dollar notes and de-
creased amount of notes OF ali other denominations The
fves increased from $7 l5OOsj to $9799J3lJ and the
thousand dollar notes from $l4.32soJO to S32942
600 The ones decreased from $27.73600O to SlI,3l9
23s and the from S25524 395 10 Sl493s,3l5 The
| present business season, which began much earlier
than usual the has absorbed large amount
OF currency and this increased movement has not yet
ceased Since July lst last there has been
shipped from the treasury and other points 733
The reduction Of the available Treasury balance during
the same period $35 553 During the same peri
cd there was OF In the circulation
of gold certificates; increase of $l7iO3,592 in the
circulation of silver certificates; increase OF
S2l ~ 73O in gold and bullion in the Treasury; in
OF S4,657557 In standard silver dollars in the
Ia the Treasury The Treasurer again calls attei-
the fact that In the so-called reserve vault lies
sl47 900 OF paper prepared FOR Issue without
authority OF law and he advises iesshuon " dispose ol
IT, The Treasurer also recommends tlat all expense at
tending the certificates OF deposit furnished TO
benefited The Treasurer says that his remarks
equal the issue OF gold certificates with the
et objection that the accumulation OF the large amounts
tack ana at no remote day great source OF danger 10 the
| best financial interests OF the country.
Tho treasurer devotes considerable space IN his report
TO the subject OF silver certificates and standard silver
S.JI