The Bottineau pioneer. (Bottineau, N.D.) 1885-1895, 1888-11-29
Condition Of the National Treasury.

United States Treasurer Hyatt, in his re
port for the fiscal year ended June 80, 1888,
a y
The net revenue of the government for the
year was 1878, 266.074, and the net expendi-
lures 1857, 924. sol, the surplus receipts
available for the reduction of the public debt
being $11 ,341,273 an increase of $7,S7O,175
over the year before. As compared with
1887. the revenues were 81, 1862, S97 greater
and the expenditures $7,27S less. TIL treas
ury balance increased during the year from
$69,224,379 to 1929, s04, 242. The net
produced by an increase of $37,5 ,468 in
the assets and q decrease of 500, O53, 1894
in the liabilities. The silver balance fell
off more than 1000, 900. The prin-
cipal increase OF assets was in United States
and deposits in national banks, and the prin-
cipal decrease of liabilities in the public debt
and the funds for the redemption of national
bank notes. There was O net decrease of
$74.7 1893 900 during the fiscal year in the
principal of the interest-bearing debt. The
total purchases on bonds for the sinking
fund and out of surplus revenue were $751;
464, 800 the net premium paid, exclusive OF
ffssued cold interest end b s;ins, $500, :c;o 's42; sni
bullion in the country, and all kinds
OF notes and certificates outstanding
on June 80, 1887, amounted to 81, 925,-
259,S82, and on June 80, 1888, to $2,.
y 1862, O72. The stock of gold and silver
increased during the year from ST.
007.513,9 O1 to 81, O92, 391 ,69O.35, mostly
in gold. The increase in the volume Of the
paper circulation was $S3. 424.4OO, resulting
from an increase of $11O,319,955 in the
amount of certificates and a falling off of
$780, ,554,5 SIS in the total notes and frac-
tional currency. The redemptions of United
States notes at the treasury during the year
amounted to $63, 1852, 900. Since the resump-
ton of specie payments only $26, 736,454
have been redeemed in gold. With the in.
crease of coin certificates, of which there are
now more than of legal tenders, the import
ance of the latter in the circulation has
declined. The denominations below SO
are being displaced by silver certificates,
and those above 500 largely by gold csrtif-
Gates; The volume Of gold certificates out
standing increased $40, $50, 1873, reaching
$142, 023, $50, the highest point yet noted
at the end of any fiscal year. Taking into
account the decrease of the amount in the
treasury the total increase of the circulation
was 500, 9O1 ,143. There were issued $685.
$685. 600 of silver certificates, mostly of the
denomination of $40 and under, and SOL
947,37S were redeemed. The amount out
standing increased from $145 $50 to
$229,4O1, 772. The increase in the actual
circulation was $5S 8 7O7. 1t had been
impossible to meet the demand for the de-
nominations of 81 and 80, and in consequence
their t issue was suspended be- ween Oct. 1s,
1887. and Feb. 3, 1883. Since the latter
date the treasurer has been able most of the
time to furnish them as they lave been
asked for. The coinage of silver dollars
during the year amounted to $50, 4S4, 673,
making the total coinage $299,424 100.
The increase of the net distributions was only
$39,156.