The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-11-29
The United states rrsaaur.r's Annual Report.

The United States TreasureF's Annual Report.
WASHINGTON, Nov. 22.-The treas
urer of the United States, Hon. James
w. Hyatt, has submitted to Secretary
Fairchild his annual report of the OPP
erations of the treasury. The net
revenues of the government for the
fiscal year ended June 30th 1888. were
1919 ,266. O74, and the net expenditures
s267 ,O24 Sol; the surplus receipts avail
able for the reduction Of the public
debt being gill BAL ,273, an increase of
81 80, 176 over the year before. AS
compared with the year 1887, the reve-
nues were 81 1852, 79l greater, and the
expenditures 81 1878 less. The reveH-
ues OF the pOstoffice department were
S52 .229 1884 and the expenditures $685.
S94 ,298, there being a deficiency of 49,
664.913, on account of which So, 160, $40
was paid out OF the treasury. The
treasury balance increased during the
year from $50, 224 ,37g- to S129, 8O4 PAP,
and the total assets including certifi-
Gates of deposit in cash from 1872 304,-
2S4 to S764, 729 ,535; the net change of
$50, 579, 1893 in the balance was produced
by an increase of S37 ,526, 47S in the as
sets, and a decrease of $23 ,O53 1854 in the
liabilities. The silver balance fell off
more than S27 900, 900. The principal
increase of assets was in United
States notes and deposits in
national banks and the principal de-
crease of liabilities in the public debt
and funds for the redemption of nation
al bank notes. A deficit of SI0,197
occurred during the year in the New
York sub treasury and 1918 was re-
covered from an old deficit in the New
Orleans treasury, so that there was a
net increase of 50 $40 in the unavail-
| able funds. OF the which amount of
81 ,429 ,450, ali but So, $50 are excluded
from the cash as repoI ted in the public
statement. There was net decrease
| of S74 ,76S, 800 during the fiscal year in
the principal of interest bearing debt.
the sinking fund and out of
surplus revenue were S51 ,464, 800.
The net premium paid, exclusive of ac-
crued interest, being Sc, 270 ,842. I'm
| der the circular of August 3, 1887, in
terest amounting to 81, 1876 ,SS9 on and
Al per cent bonds were prepaid with a
rebate at the rate of 2 per cent per
L Rnnum. The amount of the rebate
was 80 $50.
The coinage of silver dollars during
the year amounted to $50, asa ,673, max
| ing the total coinage S299, 424 ,79O.
The treasurer recommends that if
/ the purchase of silver is to continue the
bullion should be put into form
of heavy bars or ingots, ar
guing that the present supply
of dollars will be sufficient for the de-
mand and that any increase
of the certificate circulation
could be based with perfect safety on
the uncoined metal. The new silver
vault in the treasury building having a
capacity of S100, 600 600 of the dollars
and said to be the largest treasury
vault in the world is being filled at the
rate of half a million a day. 1t will
hold the total coinage of three years,
but at the end of that period still fur
Their storage room will probably have
to be provided, unless the coinage is
suspended.
The decrease in the amount of the
deductions on account of mutilatiOns
from the face value of currency re-
deemed and in the number of counter
felt notes and coins rejected shows a
gratifying improvement in the cOndi-
tion of the circulation III this respect.
A small number of unsigned notes
have been stolen from bank in Kan
sas and are irredeemable, but none of
them have been seen at the treasury.