Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-01-04
THE PUBLIC DEBT.
1t Has Been Reduced One Hundred AND
sixteen Million in the Last Year.

4
| WASHINGTON. January 4.-The reduction
in the public debt during December
amounted To Sli.5Si,6yb. During the first
six months of the year just closed the re-
| duction in the debt amounted To
So, SIS, s5S, and for the last six months of
| 1887, or the first half OF the current fiscal
year the reduction in the debt
aggregated 81 SO, 335, making the
| total reduction during the past twelve
| months SIG Js6, 093. On January is,, the
total debt les, cash in the Treasury was
| VI ,34l ,Ssi, 40, and on January Isl, 1855. il
was 81, 225, SOS, io2. On January lst, 1887,
there were 80. s9s. .UO0 three per cents.
bonds outstanding. These have all been
| redeemed during the year, and Of the
$50 10000 four and a half per cents
outstanding one year ago about so 0p GOO
have been redeemed during the year OF
| the four per cents. there are now S732 AZ :
100 outstanding. About five millions have
been redeemed during the year. The total
amount of interest bearing debt outstand-
ing on the first instant aggregated 81, ,pIl,
I6l, AZ. against 81, l3o, 1874, i62 one year ago
This includes, besides the and AZ per
| cents. already mentioned, Sl4, ,O00, 900, three
per cent. navy pension fund and $6i 623,
5l2 Pacific Railroad bonds, and shows a
reduction of IS, 49,, 72o in bonded indebt.
edness alone during the year. On
January LIST, lSsS, the net cash in
the treasury amounted to $S9 $40, $40, or
S4l, S2, S2S more than on January LIST.
one year ago. Deposits in National Bank
depositorics to-day aggregate So lsa 81, or
about sluvntp more than month ago.
During December there was a net decrease
of IS, 90 900 i'll the Treasury gold fund bal
ance. Ihe Treasury now holds 1906, S42 lS7
in gold coin and bullion, with so. 77a34 057
gold certificates outstanding. leaving a gold
fund balance of $2uS, COS $50, a decrease o.
about S,sS,gS during the past month.
The silver fund, 2IS,9I., ,559 STANDARD, dollars
and S,232,bS6 silver bullion, aggregates
S22,lS, lIa. Against this there are
SIG so, ~ silver certificates out
standing. leaving a silver fund
balance of S5, eai,752, decrease
OF about ", 10000 during the past month.
In addition Ia this silver fund the treasury
holds IS, 10000 OF trade dollar bullion.
There are now about $500, eco standard
silver dollars in circulation against IS, ,UO..
oto on January lst. year age. Govern
ment receipts during December aggregated
$2S.o5S, sJ3. OF this amount SIS
5GO,rnO were from customs receipts.
l0,500,000 internal revenue and the
remainder from miscellaneous sources.
Receipts from July lst TO Decem-
Der Slst, the first half of the current
nscaI year aggregated slE2. 1891. or fully
Sll,oH 600 more than for the corresponding
SIX months in lSs,j. On the other hand ex-
penditures during the first half of the wear
amounted Ia Si+2. .0lG,sO. which is about
half 4 million less than expenditures dur
ing the corresponding six months in 1886.
This points To IA surplus oi at least SlO0.-
S1,voo during the current fiscal year, or
S53, IN, ,ovoabove sinking fund requirements.
Preparations are making in England for
the celebration Of the tcrccntenary of tie
destruction nf the Snanish Armada