Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-11-24
UNCLE SANS TREASURY,
FIG URE,S SHOWING THE CONDITION
OF QUE NATIONS FINANCES.

United States Treasurer Hyatt SuDmlts
His Annual Report-The Receipts In
creasing and the Surplus ALI the Time
Growing-The Gold. Silver and Paper
in Circulation Interesting Figures.
WASHINGTON, November 22.-The Treas
.rer OF the United States, Hon. James w.
Eyatt, has submitted to Secretary Fair
child his annual report OF the operations OF
the Treasury.
The net revenues of the government for
the fiscal year ended June 80, 1888, were
S379, ,266, ,O74, and net expenditures $267,-
924 sol, the surplus receipts available for
the reduction OF the public debt being SILL
341 ,273, an increase OF $7,87O,176 over
tae year before. AS compared with 1887,
the revenues were $7,S62,797 greater and
fae expenditures STATS less.
The treasury balance Increased during
the year from $69,224,379 to $129, ,SO4,-
242, and the total assets, including certif-
Gates OF deposit in cash, from 1922, ,3O4,-
2s4, to $764, ,535. A net
CHANGE OF $50, ,579 1858 IN BALANCE
was produced by the increase OF $37, $685.
46S in assets and decrease of $23, ,053,-
394 in liabilities. The silver balance fell
off more than S27 100000. The princi-
pal increase OF assets was in United States
notes and deposits in national banks, and
the principal decrease in liabilities in public
debt are funds for the redemption OF the
national bank notes. There was net de-
crease of $74, ,7SS, 92O during the fiscal year
in the principal OF, the interest-bearing
debt.
The total purchases OF bonds for the
sinking fund and out OF the surplus reven-
ues were $51, ,464, 800, the net premium
paid exclusive of accrued interest, being
$S, ,27O, ,S42.
THE GOLD AND SILVER COIN
and bullion in the country and all kinds OF
notes and certificates outstanding June 80,
1887, amounted to $1,925, 1858, ,SS2, and
June 80, 1888 to $2,O93, ,562,O72. The
stock of gold and silver increased from 81 ;.
OO7, ,513, ,9O1 to 81, ,O92 ,391 $50, mostly in
gold.
The increase in volume OF paper circula
ton was $50, 3,424, 400, resulting from an
increase of $11O, ,319, 955 in the amount o
certificates and a falling off OF $26, ,S95, ,554
in the total OF notes and fractional cur
rency.
Some attention has been given to the
question of probable loss or destruction
of paper currency, but without any deti
mite result.
The table is given showing the course o.
redemptions OF the first issue OF
LEGAL TENDER NOTES.
T. o loI nv tha q nlt
| or some other cause brings them to The
| treasury, loss from destruction must bt
more or less a matter OF con- lecture. Most
careful estimates from daoa at hanC
places it at one per cent or less, according
to the denomination.
Certificates of deposit amounting to $24,
10, 900 were issued for United States notes
and $1S, ,465, 900 were redeemed, leavln!
| $14, ,665, 900 outstanding. The treasurer
attributes the decrease OF the use OF thes'
certificates since 1886 to q change III the
manner of redeenling them, the holder
now receiving the same notes tha
we're deposited instead OF new notes Il.
formerly.
| The volume OF gold certificates Outstand
ing Increased $40 $50 1888, reaching $142,
| O23, $50. highest point yet noted al th
end of any fiscal year. Taking into ac
count TIE decrease in the treasury, th
| total increase in circulation was ,9Ol
143.
THE COINAGE OF SILVER DOLLARS
during the year amounted to $32, ,4S4, ,673
making total coinage OF $299, ,424, ,79C
The increase Of net distribution was Onl
$39, 1856. Owing to % scarcity OF one an
f.N- h
movement of crops, nearly nine million
were drawn into circulation between Ma
and November in 1887, but when the note
were again to be had, the dollars cam
back to the treasury as fast as they ha
gone out.
The Treasurer is Of the opinion that til
people have all of these coins they wan
or are willing to take, and recommend
. that if the purchases of silver are to COZ
tinue, the bullion be put into the form {
heavy bars or ingots, arguing that thepre
| ent supply Of dollars will be sufficient fC
| any demand there is likely to be for then
and that any increase of certificate crcl
lation could be based with perfect safet
on the uncoined metal. The new silvt
) vault in the treasury building, having
e capacitv of one hundred million OF dollar
. and said to be the largest treasury van
E | in the world is being filled at the rate
| half q million day. 1t will hold il tot
coinage OF three years, but at the end
that period, still further storage room "
proba bly, have to be provided, unless tt
Icoiuage is suspended.
The amount OF fractional silver com
Z the treasury has not changed much sin
the first accumulation after the resumptli
of specie payment.
The Treasurer states that
THE GOLD IN THE TREASURY
O is in good condition with the c
9 ceptinn OF u little. Many OF the silV
, half dollars are much worn, some bel
quite smooth: and it being Impossible
n recoin ,hes,. because the loss would ha
>. been too great in proportion TO th" n
coinage, muSttv dimes, which it was nee
9 sary to pr,~i,t,.., The decreaee in
IS amount oi deductiUns on account o. II
lg THAT ous from the face value Of curren
% redeemed. adding the number OF count
!. felt notes and coins rejected, SHOWS graft
Reinforcement in the cNEd,tlDn OF cir
a tlatiOn in this rcSp ct.
=, At tie cto. If the year the Ireasu
Ill held SITS, S,3l2, $50 II United States Dor
tr to secure nn,iOnai bank circulation, ii
" S56,12S, 900 80 Fecurc public moneys n
II in depository banks. There was deere'
:, during the year OF $13,654,O ,O5o in
Ill amount OF the former, and
'n u crease OF s29.642,500 in the alno!
q; of the latter. There was sos, II
III 511 of public money held by the banks,
on increase of S35 1895, ,633. The semi-ann
'n duty collected from national banks amou
-, ed to 81 SIG, 1877, making an aggregate
az az $136. .233, SOB since 1868.
de The net proceeds on national hank nc
a. as redeemed during the year was $9S 246, Z
~, Redemptions were eleven million DOH
hu greater than those OF the proceeding y
n in the face OF reduction OF $50, 800, ,OOt
he two years in amount of outstanding
"s greater in proportion to the circula'
". than those OF every year save two 8
"o 1879.
va. THE P4RNELL fNTESTIG4TIO
he