The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-11-23
MONEYS EBB AND FLOW.
UNCLE SANS NET REVENUES LAST
YEAR s37e,2ee,o74

D
! The Net Expenditures S267, e24 col
The Treasury Balance Increased
from see, 224,37e to s12e, eo4, PAP
= Reduction in the Public Debt OF
S74, 799, $50 - Silver Dollars Still
Piling up.
WASHINGTON, Nov. 22-United States
Treasurer Hyatt has submitted 10 Secretary
Farchild his annual report Of the opera
tons Of the treasury, from which some
extracts are given herewith:
The he. revenues of the government for
the fiscal year ended Ju1e 50, ISIS, were
S379, 255, 074. and the net expenditures S267,-
81 sol.
The surplus receipts available for the
reduction of the public debt are Sill ST.
70, an increase Of $3.50, l76 over tie year
before. As compared with 1857, the reve-
nues were a7,S6.. 1871 greater, and tie ex-
penditure5 $7,37s less.
The re- eauss Il the p0stoffice DEPARTING
were So, -, 81 and the expenditures So
S94, %, there being a deficiency # -. G53. =
Yl3, on account OF which IS, l6J, 20 was paid
out of the treasury.
TIE TREASURY BALANCE.
The treasury balance increased during the
year from GO, 224.319 TO Sl2J ~, AZ, nd
the total ass=tS, including certificates IF de-
rosit in cash, rom 1922 304. ~ = S704, 122g.-
55j. The net change IF so, SO. S33 IN thu
ueiapce was produced b. al increase OF
S37,j25, 46s IN assets and q decrease OF S23,-
O53, 81 in liabilities
The silver balance fell off more than
81, 900. go.
DECREASE OF THE DTBT
There was a ret decrease If s74. 7SS. 920
during the fiscal year i'll the principal Of the
laterest bearing debt The total purchases
Of bonds for the sinking fund AID other
surplus revenues were s51 ,iG4 800, and the
net premium paid, exclusive II accrued l.
terest, was Ss,270. S42.
GOLD, SILVER AND BULLION,
The gold and silver coin and bullion in
the country, and all kinds of notes and
certificates outstanding on June 30, 1887,
amounted 10 81. 92j, 81, $50, a nd on June 30.
and silver increased from 81 ,007, 5l3, 9Ol TO
81 O92, 391 $50, mostly in gold. The in
crease in the volume of the paper circulg-
ton was $50 Az. 40, resulting from al in
crease Of SllO,3l9955 In the amount of
certificates and falling off of $2j, s9j. 55i
il tee total Of notes and fractional cur
reucy.
ne tDludGc u silver flOiidT5 curing LlG
year amounted to So, 4S4 ,673, making the
total coinage $299, 324, 79J. The increase Of
the net distribution was only $50 156.
PAPER DOLLARS HAVE TIE CALL.
Owing to the scarcity OF one and two
dollar notes and the demand for the move
ment Of crOps, nearly 50. 900. 900 were drawn
into circulation between MAY and Novem-
Der, 1857, but when notes were again to be
had silver dollars came back TO the treasury
as fast as they b ad gone out. The treasurer
is OF the opinion that the people have
all Of these coins they want, or are willing
to take. and recommends that il purchases
Of silver are TO continue the bullion be put
into the form Of heavy bars or ingots,
arguing that the present supply Of dollars
will be sufficient for any demand there is
likely to be for them, and that any increase
OF the certifc ite circulation could be based
with perfect safety on tie uncoined metal.
THE NEW VAULT.
1.-THE new siiyer vault in the treasury
building, having capacity of 800, 900 900,
and said TO be the largest treasure vault in
the world, IS being filled at tie rate of
$500, 900 day. Ii Will hold the total coin.
age Of three years, but, at the end of toat
period, still further storage room VIII prob
ably have to be provided, unless the coinage
S suS pended.
SECURITY FOR BANK CIRCULATION.
'At the close of the year the treasurer
held $17S,3l $50 Of United States bonds TO
secure national bank circulation and $56,-
900 to secure public moneys held by
depository banks There was a decrease
during the year Of $13, 654, $50 in the amount
of the former, and an increase of S29, 642, 800
IN the amount Of the latter There was
$5S5, 712,5u of public money held by banks,
an increase of S35, 395, 633
THE semi-annual duty collected from
national banks amounted to Sl,6l6, III,
making an aggregate of S136, 2J3, SOB since
1863"