The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1888-11-29
UNCLE SANS BOOKS.
Annual Report Of James w. Hyatt,
Treasurer Of tho United states-Ffgures
Showing tho Operations Of the Treas
ury During the FISCAL Year.

Annual Report OF James w. Hyatt,
Treasurer or tho United states-Figures
Showing the Operations Of the Treas-
ury During tho FISCAL Year.
WASHINGTON. Nov. 23-United States Treas
urer Hyat in his annual report OF the oIera-
tions during the year and condition Of the
Treasury at the close OF the fiscal year ended
June 90 1889, reports the not revenue OF the
Government for the year S3sa. a66,G14. and the
net expenditures s3s7. .923 sol, the surplus re-
ceipts available for the reduction OF the public
debt beng Ill, ,3iI.2s3 an increase OF ss,sso.i75
over the year before. As compared with 1881.
the revenues were a..s62.sgs greater and the
expenditures E,57s less. The Treasury balance
increased during the year from S69.22i,3 ,3s9 to
s129 sD4 242. The net change OF s6nos9,sb3
In the balance was produced by an increase OF
e31, 5a6, 4fs in the assets and decrease OF saj-
O53,39a in the liabilities. The silver balance
fell on more than s.s,Oo0,Ooo. The principal IN
crease OF assets was IN United States notes
and deposits In National banks. and the prtn-
cipal decrease OF liabilities in the public debt
and the funds for the redemption OF National
bank notes. There was net decrease OF .'i,-
sqs go during the fiscal year in the principal OF
the interest. bearing debt. The total purchase
on bonds for the sinking fund and out OF sG.-
plus revenues were s. 1, ,4Gi, 800. the net premium
paid. exclusive Of accrued interest, being ss.-
27o,si2.46.
The gold and silver coin and bullion in the
country, and all kinds of notes and certificates
outsta nding on June 81. lss., amounted to H..
a25 go Sa2 and on June 30 isss TO g. oa3 56s orr.
The stock OF gold and silver increased during
the year from 400, ,5l3, 95l to sl,oe2 81, $3.50.
mostly in gold. The increase in the volume OF
the paper circulation was ssl 100. resulting
from an increase OF sii0,3laa a5b In the amount
Of certificates and falling of of SEC 81, ,55i. 81
in the total OF notes and fractional currency.
nlnv~ nf tsnl Efafaa s4rNa nf
the Treasury during the year amounted to
s63 35., QUO. Since the resumption OF specie
payments only S26, s3G4 Al have been redeemed
in gold: with the increase OF coin cert fcates,
OF which there are now more than Of legal
tenders. the importance OF the latter In tho
circulation has declined. The denominations
below $40 are being displaced by silver cer-
tifcates, and those above sioo largely IL gold
certificates. The volume OF gold cert hcates
outstanding increased an.536,a33 reach ng
eli2, ,O23, 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 s.a, 9ul.laa There were
issued slo5, $4,000 OF silver certificates, mostly
OF the denominations OF SO and under. AMI
t2i. 1.31s were redeemed. The amount out
standing increased from sii5sia.Ia, TO 49,
391,.7a. The increase in the actual circulation
was SD 43l,'07. II had been imposs bic 10
meek tue OcUaUu LOT tue vi II
and s2. and in consequence their issue vas
suspended between October IS, 1887, and Feb
ruary B. 1854. Since the latter date the Tres
urer has been able most OF the time 10 furnish
| them as they have been ASKED for.
The coinage OF silver dollars during the year
amounted to 3s.4sa613. making the total COIN
age SEQ 3ai, 10 The increase OF the net dis
tr.bution WIS only $50. l56. Owing to the scar
city OF II and sa notes ind the demand for the
movement of crops nearly 100000 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
wiling to take, and recommends that If the
purchases OF silver are to cont nue. the bullion
!! be put into the form OF heavy bars or ingois.
arguing that the present supply OF the 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 per-
| feet safety on the uncoined meta.
The amount OF fractional silver coin IN tho
| Treasury has not changed much since the first
| accumulation after the resumption OF specie
payments. Or a little more than ss6,OuouO0
held on June 81. 1885, go 10000 was IN half dol
/ lars and only IS, 500, 900 in other pieces The
/ Treasurer points out that this propo-t on,
/ which does not vary much from year to year, is
| excessive. and that something like sl5,noo.uoO
in ifty-cent pieces that are not needed for cir
culation will doubtless have to be carried by
| the Treasury until they are reco.aed into other
/ denominations or absorbed by tho growth OF
business.
Al the close of the year the Treasury held
/ el1s,3l2 6ll of United States bonds 10 secure
/ National bank circulation and sG, l2s,oeJ to
/ secure public moneys held by depositary
! banks There was decrease during the year
| Of sla65aO5o in the amount Of the former, and
| an increase Of sa9. 642.5n in the amount OF the
! held by the banks, an increase OF s35, 395,633
The net proceeds Of the National bank notes
/ redeemed during the year was sas. ai6s.3. The
/ redemptons we're S1l.0o0.nO greater than
those of the preceding year in the face OF a re.
ductaOn of $50, 5Uo,0o) 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 redempt.ons
| from the 5per-cent. funds were si3asa, is, and
| those from the funds for the retirement of cir
| culat on, so, lG3 95.. The latter fund excited
| much concern early in the year. On July :
lsSs il stood at si07 ,ss1,s5', the highest po nj
| 1t has ever reached From that time II de
clined to s9I. .a5 .si3 by the end of the fiscal
| year. The net deposits during the year were
| e44 123, ss3, OF which x.G6.5s5 WAS Tor the
retirement OF the circulation of bank.
| In liquidation in the hands of re
| ceivers, s24,543,5Ol for the reduction o.
the circulation OF banks III active
existence and Slss13, .9s for the retirement o.
old notes, to be replaced by new issues of thu
| same amount. II is expected that the balance
| In this fund will continue to decrease. TIL.
| expense of bank-note redemption Was si4l. 14l
and the rate of cost l.5. 29s 600 per N,0to re
deemed