Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-11-24
The Nations Finances.
TREASURER HYATT SUBMITS HIS
ANNUAL REPORT.
PUBLIC DEBT REDUCTION.
The Government Debt Less by sl11,s41,-
e7I-Large Increase in Circulation
United States Bonds-The
Tenth Census.

WASHINGTON, Nov. 23.-United States
Treasurer Hyatt, in his annual report
for the year ended June 30, 1883, says
the net revenue of the government for
the year was 1879, 1856, OLA, and the net ex-
p~enditures s2d7, 924, S01, the surplus re-
ceipts available for the reduction of the
public debt being Sill, 341, 273, an in
crease of 81, $40, 155 over the year before.
As compared with 1887 the
were 81, S62, 1877 greater, and the expendi-
lures $7.37S less. The treasury balance
increased during the year from $50, 224,-
379 to 1929, S04, 242. The silver balance
fell of more than S2T, 600, 000. There
WAS g net decrease of $74, 79S, 920 in the
principal of the interest bearing debt.
The total purchases of bonds for the
sinking fund and out of surplus reve-
lei were s51, AGA, 300, the net premium
paid exclusive of accrued interest being
S627, 0S4, 2a6. The gold and silver coin
and bullion In the country, and all kinds
OF notes and certificates outstanding on
June 30, 1887, amounted to 81, 925, $780,
1872, and on Tune 80, 1883, to 50, 093, $50, 072.
b stock of gold and silver increased
during the year from 81, 007, BIB, Q01 to
81, 092, 391, 500. rs, mostly in gold. The
increase in the value OF the paper circu-
latton was $S3, 424, 400, resulting from an
increase Of $40, $40, 500 in the amount
of certificates and a falling off of $685.
Se5, ODD. 80 in the total of notes and
fractional currency. The redemptions
of United States notes in the treasury
during the year amounted to $63, it52 900.
Since the resumption OF specie payments
only $28, 1856 454 have been redeemed in
gold. With the increase of coin certifi-
Gates, of which there are now more than
Of legal tenders, the Importance of the
latter in the circulation has declined.
The volume of gold certificates outstand-
ing increased $50, GAG, 1913, reaching s142,-
023, loo, the highest point at the end of
any fiscal year.
Taking into account the decrease of
the Rmount in the treasury the total in
crease of the circulation was $40, 901, 143.
There were issued sl05, 500, 900 of silver
certificates, mostly of the denominations
of $40 n under, and S2l, 947,3 1S were
were redeemed. The amount outstand-
ing increased from $145, 543, $50 to $685.
491, 772. The increase in the actual cir
culation was $bS, 43l ,707. The coinage of
silver dollars during the year amounted
to $S2, 4S4,673, making the total coinage
$289, 424, 100. The increase of the net dis
tribution was only S39, loo. Nearly nine
millions were drawn into circulation be-
tween 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 treas
urer is OF the opinion that the, people
have all these coins they want, or are
willing to take, and recommends
that IL the purchases of silver are
20, continue the bullion, be put
into the torn Of heavy bars or ingots.
The amount of fractional silver coin in
the treasury has not changed much since
the first accumulation after the resump-
ton of specie payments. OF q little
more thar 500, 900, 900 held on June 80,
1888, $40, 300, 900 was in half dollars and
only $500, 900 in other pieces. The
treasurer points out that this proportion,
which does not vary much from year to
year, is excessive, and that something
like $50, a0b, 900 in 50-cent pieces that are
not needed for: circulation will doubtless
have to be carried by the treasury until
they are recoined into other denomiua-
lions or absorbed by the growth of bust
ness.
At the close of the year the treasurer
held SITS, 1888, $50 of United States bonds
to secure national bank circulation, and
$58, 12S, 600 to secure public moneys held
by depository banks. There was a de-
crease during the year of $16,654, $50 in
the amount of the former, and an in
crease of $2a, TAB, 500 in the amount of
the latter. There was S5S, h12, 511 of pub
lie money held by the banks, an increase
of $s5, 395, $3.50.
REPRESENTATIVE LODGE TALKS.