The Springdale news., 1888-11-30
THE FINANCES.

HI Ine tloSP hI tue Last fl--
 cal Year-The Years Receipts and Ex-
 pendItures.
 WASHINGTON, Nov. 8 United States Treasurer Hyatt in his annual report of the operations during the year and con- dition of the treasury at the close of the
 fiscal year ended June 3, 1888. reports the net revenue of the Government for the year, S3I9 266.014 and the net expen- ditures, S261, 92i 991; the surplus receipts available for the reduction of the public debt being $l1l,34l, 213. an increase of S7.S79, l15 over the year before. As com pared with 1887 the revenues were S7, : S62 T9I greater, and the expenditures S7, SIS less. The treasury balance increased during the year from $59 224 379 to S129. 3ol, 242. The net change of S6). 579, S63 in the balance was produced by an increase of S31 ,526 i6S in the assets and a decrease of S23, ,Os3, 394 in the liabilities. The silver balance fell off moreMthan S27 900, 0)0. The principal increase of assets was in United States notes and deposits in Ma tlonal banks, and the principal decrease of liabilities iu the public debt and the funds for the redemption of National bank notes.
 There was a net decrease Of SI4, T9S, ,9l0 during the ifs cal year in the principal Of tAao ihbol tSl- Dodl HE ucOl Lilo iOldl Dur chases of bonds for the sinking fund and out of surplus revenues were S51, 46i, 300; the net premium paid. exclusive of accrued interest. b eing SEQ Sil 46 The gold and silver coin and bullion in the country, and all kinds of notes and certificates outstanding on Jlne 30 1887, amounted to S1 ,923 259 SS2, and on June B. 1sSs, to S2 093, ,562, 07s. The stock of gold and silver increased during the year from $l,007, 513. 9)l to S1 092, 39l ,69) .3j, mostly ia gold. Ths increa;5 In Ee vol ume of tue paper circulation was $S3. A 499, resulting from au increase Of Sll0 3l9, 9j5 i'll the amount of certificates. and q total falling off of S26 S95, 5jf. D in the total notes and fractional currency.
 The redemptions Of United States notes at the Treasury during the year amount ed to $63. 352 COO. Since tho resumption of specie payments, only S2G 135, 4Jf have been redeemed iu gold. With the in- crease of com certificates, of which there are now more than of legal tenders, the importance of the latter in the circula- tiou has declined. The denominations below Sl0 are being displaced by silver certificates and those above Sl00 largely by gold certificates. The volume of gold certificates outstanding increased go, boo oao, TedcAln9 Glf2, OZo, lJj, l0e nlgneSI point yet noted at the end of any fiscal year. Taking into account the decrease of the amount in the Treasury, the total increase of the circulation was S29. 991 143. There were issued S105 s96 0o0 of silver certificates, mostly Of the denom- nations Of S10 and under and S21,- 97. 57S were redeemed. The amount out stan ling increased from Sl45, 543, f50 to "f229 49I. ii12 The increase in the actual circulation was S5S, i31. I0l It had been impossible to meet the demand for the denominations of one and two dollars, and in consequence their issue Was sus- pended between October IS, 1SS7, and February ,, 1>SS. Since the latter date 1he treasurer has been able, most of the Sime, to furnish them as they have been asked for, Tie coina "a of silver dollars during the year amounted to S52 iS4 673, making the total coinage S299 424, ,790. The increase of the net distribution was only S39, l5j, owing to the scarcity of one and two-dollar notes, and the demand for She movement of crops. Ntarly S9, 1000 were drawn into circulation between May and November, 1SS7 but when the notes were again to be had, tho dollars came back t0 tie treasury as fast as they had zone out.
 | lie lfedSufef IS O. the eplnlDn that ahe people have all of these coins they want or are willing 10 take, and recon mends that if the purchase $ of silver are to continue the bullion be put into the form of heavy bars or insots, 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 certificate circulation could be based with perfe safety on the union metal. The amount of fractional silver coin in the treasury has not changed much slnce thc first accumulation after the resump- tiG4 of specie payments. Of little more than $26 GOO, 600 held on June B 1888, S20,- 1o) 0e0 was in half dollars, and only s. ))). 060 in other pieces. The Treasurer points out hat this proportion, which docs not vary much from year to year. is excessive, aud that something like $15 09l, ,00) in fifty cent pieces that are not needed for circulation will doubt less have to be carried by the Treas ury until they are recoined into other de- nominations, or absorbed by the growth of business.
 At the close of the year, the Treasurer sieId $17s,3l2 $50 of United States bonds to secure National bank circulation, and IDS, l3S 900 to secure public moneys held by depository banks. There was de- crease during the year of Si3 6 ,050 in the amount of the former, and al in- crease of S29, 6i2, 300 in the amount of the latter. There was S5S, 512,5ll of public money held by the banks, an increase of j. 3J 3 G33
 EfDOrt CpnSiIs.