The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1889-11-27
THE NATIONAL FINANCES.
Figures From the Annual Report of
the United States Treasurer.

Figures FROM Tic .tHnudi IsCpoic VI
the United States Treasurer.
United States Treasurer, Huston, in his
annual report says that the past fiscal year
is characterized as a remarkable one In the
history of the public finances, both the rev.
.nues and the expenditures having been ex-
ceeded but q few times since the foundation
of the Government The former amounted
to s3ST O5O, O5s, and the latter to s299, 2sS,97S
inclusive of ST., 292, 1862 paid in premium on
June so were s87, 76l, ,060 a decrease of S23,-
$50, 1913, as compared with the year BEFORE
counting premium on bonds as an ordinary
expenditure.
On June 80, 1855, there was in the Treas
urers custody, in cash and effective credits,
the sum of S7t4, 129, 335, and year later the
sum of $3.50. .643.S7l. The current liabilities
decreased in the interval from sl4S,29l.S S4'
to S127. 931, $50 and the reserve from S2229,-
sos COO to S193, 3,O97,O47. The gold in the
Treasury in excess OF certificates outstanding
was 1893, 610 172 in 1855, and Sls6, PSI, $50 III
1889.
The changes that took place in the currency
were an increase of about S34, 0i0,03O IN the
stock of silver, contraction Of 81, 09O, OOO IN
the national bank circulation, and loss OF
FPS $50, coo of gold, less than four per cent. OF
and circulating notes, excluding the certlil-
.ates of deposit, which are merely represen-
tative of moneys in the Treasury, was 81 ,69S,-
9Oi, $40 for 1885, and 81 G66, ,095, 400 for 1889,
| making an apparent contraction OF about
SS3, ,OO0, 900 in the total currency OF the
| country. As the holdings Of the Treasury
decreased in the interval III the sum of S4l,-
| OOO,O the circulation increased about
S. 0OO, 900. The public lost SIS, O00 O0O OF gold
and $50, ,OOO 600 of notes and gained $751; O0O, zoo
| in silver.
The increase of the circulation of silver
certificates was about $56, 100000 having
kept pace with the rate for the two previous
! years Thenew issues Of small denomlna-
tions appear to have fully supplied the needs
of the country and no further difficulty Is
apprehended in furnishing such denomina-
tions as they are wanted, within the limits
of the coinage of silver dollars. These GER
| tificates now exceed in volume every other
! kind of paper currency except United States
notes.
The coinage of the standard silver dollars
has proceeded without any incident worthy
of remark. Without much change IN the
amount in circulation. there is a tendency to-
ward decrease As the efforts 70 increase
the circulation have proved futile, no eH-
traordinary inducements have been held out
to the public to take them.
During the year the national banks with
drew S66, SIC, 900 Of their bonds held by the
Treasury as security for circulating notes or
public moneys. The deposits amounted to
| S25, ,243 100. There remained at the close of
the year sl4S, 12l, $50, belonging to 3262
! banks. as security for circulation, and S45,-
222, 600, belonging to 270 banks. as security
for deposits. The amount of public moneys
held by depository banks ran down from
s5s 712, Sill to s47,259, 7l4.S9. the result
mainly of the voluntary acts of the banks in
| &h. md VIII
their bonds The selni-annual tax ON circu,
lation amounted to 81 ,410, ,331 for the year.
A TREASURY warrant for 1928 was issued
recently in favor of Honore Levernier Com
| pany B, First Wisconsin Cavalry, now res