Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1888-01-12
THE PUBLIC FINANCES.

The Debt Reduction fer December and 70 =
tn" First Six Months of the Fiscal Yea-
-Tfe Receipts and Expenditures of the
TreaSury-Present Status OF the Nation
al Debt, Etc.
WASHINGTON, Jan. 4.-Th9 reduction in
the public debt during December amount
ed to $l4, So, $50 During the first sig
months of the year just closed the redcc.
ton in the debt amounted to Sc. 555, 15S,
and for the last six months OF 1887. or the
first half of the current fiscal year, the
reduction in the debt aggrega ted S53, $50,
800, making the total reduction during the
past twelve months S116.3S6.093. On Jan
uary /, 1887, the total debt less cash in the
treasury was I,341, 1854, 400, and
on January l, 1888, it was
l,225, 53S.42 On January j, 1887,
there were $63 S99, 900 three per cent. bonds
outstanding. These have all been re-
deemed during the year. and OF the $780,
OOO,0e0 four and one-half per cents. out-
standing one year ago, about so, 00o,G GOO
have been redeemed during the year. OF
the four per cents. there are now 1872 49,
100 outstanding, about five millions hav,
ing been redeemed during the year. The
total amount of interest-bearing debt out
standing on the 1st inst. aagre-
gated 81, 041, 1911 42 against 81, $50. 49+, 49,
year ago. This includes, besides the
four and four and one-haIf per cents.
already mentioned, $14,00o,0 900 three per
cent. navy pension fund and SG,4SS,512
Pacific railroad bonds, and shows re-
duction of SIS, 732. 720 in bonded indebted
ness alone during the year. On January
l, 1888, the net cash in the treasury
amounted to $50, $40, S79, or S41 1862 S23 more
than on January ], one year ago. De-
posits in National bank repositories to day
TO oI,a
more than month ago.
During December there was q net de-
crease of $3,000,000 in the treasury gold
fund balance. The treasury now holds
1906. 342. 1877 in gold coin and bullion, with
$96,374, 057 gold certificates outstanding,
leaving gold fund balance of sos, COS, $50,
a decrease of about $1,000 900 during the
past month. The silver fund-21S, 81, $50
standard dollars and So, 232, 635 silver bull
ion-aggregates 1922, $50, 175. Against this
there are SIG, $50, 423 silver certificates out
standing, leaving silver fund balance OF
$45, 294, 1852, decrease of about $4,000 600
during the past month. In addition (,
this silver fund, the treasury holds SIS, 700,
900 of trade doll ar bullion. There are
now about 100000 standard silver dol
lars in circulation against 100000 O.
January l a year ago.
Government receipts during December
aggregated $50 059, 500. Of this amount
S15, 800, 600 were the customs receipts,
$500, 600 internal revenue, and the re-
mainder from miscellaneous sources. Re
ceipts from July 1 to December 81, the
first half of the current fiscal year aggre-
gated 1912, 319.941, or FULLY $11, 900, 0oU more
than for the CORES ponding six months of
1886. On the other hand, expenditures
during the first half of the year amounted
to $142, DIG, 9l0 which is about half MILL
ion less than expenditures during the COR
responding six months in 1896. This points
to surplus of at least 800, 900 during
the current fiscal year. or $53, 009, 000 above
sinking fund requirements.