Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1888-11-28
uNGLessSAM BOOKS.

JINGLE SANS BOOKS.
Annual Report Of James I'll W. Hyatt.
Treasurer OF the United stntes-Figurss
showing tho Operations OF tho Treas
ury During the Fiscal Year. Be
WASHINGTON, Nov. q United States Treas
urer Hyatt in his annual report OF the opena-
tions during the year and condition of the
Treasury at the close OF the fiscal year ended
June 80, 1888, reports the net revenue of the
Government for the year $S79, 268, 074, and the
net expenditures s267, o., 1901, the surplus re-
ceipts available for the reduction OF the public
debt being sill, 341,s73 an increase of ~, $40 l5
over the year before. AS compared with 1887,
the revenues we're N,862,797 greater and the
expenditures 81, S79 less. The Treasury balance
increased during the year from S69, $40 to
x120. 6O4, S42. The net change of 100, SIS, 1853
IN the balance was produced by IN increase of
t37, 526, 468 in the assets and decrease of S23,
0o3,30A in the liabilities The silver balance
fell off more than 81, 900 0OO The principal in
crease Of assets was IN United States notes
and deposits in National banks, and the prin-
cipal decrease of liabilities in the public debt
and the funds for the redemption of National
bank notes. There was net decrease OF Hl,-
798 92O during the fiscal year in the principal of
the interest-bearing debt. The total purchase
on bonds for the sinking fund and out of SUR
plus revenues were Isl 49,, 800, the net premium
paid exclusive of accrued interest, being S.
27o, S42.46. Tsss.s--. g, s4.< [.~sc.
The gold and silver coin and bullion in the
country, and all kinds of notes and certificates
outstanding on June 80. 1887 amounted to ST..
925, 260 882 and on June So 1888 to g. 093 562 O72
The stock Of gold and silver increased during
the year from 5l3 9o1 to ,O92 39l $780, S.
mostly in gold. The increase in the volume Of
the paper circulation was $685. 424, 400, resulting
from an increase OF $11O, s., in the amount
OF certificates. and falling off of $685. So, IS
in the total of notes and fractional currency.
The redemption Of United States notes at
the Treasury during the year amounted to
s63.352, 900. Since the resumption of specie
payments only $26, 736, 4H have been redeemed
in gold; with the increase Of coin cert ,doates,
OF which there are now more than Of legal
tenders, the importance Of the latter in the
circulation has declined. The denominations
below SO are being displaced by silver GER
tiflcates, and those above 800 largely by gold
certificates. The volume OF gold cert foates
outstanding increased $205S6, 1893, reach ng
&142 02S, 15O, the highest point yet noted at the
end of Of any fiscal year.
Taking into account the decrease Of the
amount in the Treasury, the total increase of
the circulation was &29, 901, 14a. There were
issued $105, S96 600 OF silver certificates, mostly
of the denominations of $40 and under, and
Ell, 947,37S were redeemed. The amount out
491, 772. The increase in the actual circulation
was S5S 431, 707. It had been impossible to
meet the demand for the denominations of 81
and 81, and in consequence their issue was
suspended between October 10, 1887, and Feb
ruary 3, 1885, Since the latter date the Tres
urer has been able most OF the time to furnish
them as they have been asked for.
The coinage of silver dollars during the year
amounted to s32, ,673. making the total COIN
age Sa99, 424, 100. The increase OF the net dis
tr. button was only $39, 1856 Owing to the scar
city OF 81 and So notes and the demand for the
movement OF crops nearly 5000 go were drawn
into circulation between May and November,
1887, but when the notes were again to be had
the dollars came back to the Treasury as fast
as they had gone out.
The Treasurer is Of the opinion that the peo-
pie have all of these coins they want or are
willing to take, and recommends that il the
purchases OF silver are to cont nue. the bullion
be put into the form of heavy bars or ingots,
arguing that the present supply Of the dollars
" II be sufficient for any demand there is likely
to be for them, and that any increase OF the
certificate circulation could be based with per-
feet safety on the uncoined metal.
The amount OF fractional silver coin in the
Treasury has not changed much since the first
after the resumption OF specie
payments. OF little more, than sec, 600, 900
held on June 30, 1888, 500 900 was IN half dol
lars and only IS, 100000 in other pieces. The
Treasurer points out that this propo-t on,
which does not vary much from year to year, is
and that something like SIS, 100000
in ffty-cent pieces that are not needed for Cir
culation will doubtless have to be carried by
the Treasury until they are recosned into other
or absorbed by the growth Of
business.
At the close OF the year the Treasury held
SITS, 312, $50 of United States bonds to secure
Mot moi 6on1 DIV ,,ofio <@
secure public moneys held by deposltary
banks. There was decrease during the year
Of SIG. 654, O5O in the amount OF the former, and
an increase Of sa9, G4253O in the amount Of the
latter. There was ass 512, 511 of public money
held by the banks, an increase Of &35, 395, 633.
The net proceeds Of the National bank notes
during the year was S9St 246, 7s3. The
redempt ons were 81 100000 greater than
those Of the preceding year in the face OF a re-
duct1on of $50, 500, 000 in the two years in the
amount outstanding. and greater in proportion
to the circulation than those Of every year
save two since 1879. The redemptlons
from the 5-per-cent. funds were S43, $40, 1885, and
those from the funds for the retirement Of CIR
culat on, $751;, 1863, 957. The latter fund excited
much concern early in the year. On July 8,
1883, It stood at $lO7, 827754, the highest pc Mt
it has ever reached. From that time it de-
clined to $91, SIS ,SA3 by the end OF the fiscal
year. The net deposits during the year were
81, 1883, OF which S7G6.5S5 was for the
retirement Of the circulation of banks
In llquidat on or in the hands Of re-
cevers, s24,543, SOL for the reduction of
the circulation of banks in active
existence and SIS, 813, 1911 for the retirement of
old notes, to be replaced by new issues Of the
same amount. It is expected that the balance
In this fund will continue to decrease. The
of hank-note redemption was SD, 141,
and the rate OF cost H5a 297- l 600 per $1,000 re-
deemed
The Tenth Census.
WAsH1NeroN, Nov. 23-The last volume
Of the report of the tenth census has just
been issued. It completes the set of
twenty-five quarto volumes, aggregating
g, 3N pages. In addition there are
two volumes of the compendium Of
the census. The cost of the work,
exclusive Of printing, engraving
and binding, was s4,S53 $50, which
Is sixty eight cents per capita of the popu-
lation of the country on June l, 1880. The
for printing engraving and