The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1890-07-16
NATIONAL FINANCES.
Public Debt Statement From
the Treasury Department.
Review Of Receipts and Disburse-
; ments for the Fiscal Year.

The reduction in the public debt during
June, as shown by the monthly statement,
issued from the Treasury Department, was
$40, ,6S3, 72& and for the fiscal year which
closed July 1st, Sss,471,444t The reduction
during the preceding year varied but
little from this amount and was $751;
B3S,035. The total debt on July l, at the
beginning Of the new fiscal year, is S9SS, =
LIS, 172, and of this amount $780, 936, 6?2 is in
terest-bearlng debt. In round numbers the
interest bearing debt is made up of $500, ,00O,-
600 Of four per cent. bonds, Sl09, 900, 900 four
and half per cents, s64, 800. 900 Pacific Rail
road six per cents, and Sl4. .0OO,OcO Navy
Pension Fund three per cents.
+ During the last fiscal year the Government
has purchased and redeemed, in round num-
bers, s74. .000, 900 four per cent. bonds and
about S31, 100000 four and a half per cents,
at q total cost Of S125, AIS, SS7. The premium
paid on the fours purchased amounted to
$1S, SIC, 923 and on the four and half per
cents. 81, ,427, ,301 or total of $50, 304, 24 The
net cash in the Treasury is SIS, 400, 74S; q
month ago it was $50, ,90l, ,79l, and year
ago S7l, ,44s4, 44s4 032.
! National banknote depositaries hold $751;
$685. 166 Of Cover nment funds, gain Of about
half million during the past month. The
Treasury gold fund balance has decreased
about one-quarter Of million during the
past month, and amounts to S19O, 2S2,.
ao4, and the silver fund balance, exclusive of
six million trade-dollar bullion, is $50, GA 779,
or two and half million more than month
ago.
Imports of gold into the United States
during the fiscal year just closed were, ap-
exports s17,O9s, 92O, or loss by export during
the year Of s, ,22o, 1873. During the pre-
ceding fiscal year the imports of gold were
S1O,37 145, while the exports reached $780,
9S3, 1886, net loss of $49, ,661, 101.
Government receipts from all sources dur
ing June amounted to s37, 546,S9 against
$32, Isl, 907 In June year ago, and for the
fiscal year just closed the revenue aggregated
$402, ,0S3, 9T9, which is greater than any year
During the preceding fiscal year the revenue
from all sources was 1881, ,050, ,05S.
Customs receipts during the last year ag-
eregated 1929, SIS, 800, internal revenue re-
ceipts S142, 142, ,066, and receipts from miscel-
laneous sources, $50, 2S2, ,5l3, showing an in
crease over the preceding year of five and
three-quarter millions from customs, eleven
and one-quarter millions from internal rev.
enue and falling off Of two millions in re-
ceipts from miscellaneous sources.
While the revenue for the last year was
fifteen millions greater than during the pre-
ceding year, expenditures were also greater
and aggregated s3l7, ,9ss, ,0H, or about eight
cen and three-quarter millions more than
during the preceding fiscal year. The ordi-
nary expenditures for civil and miscellaneous
expenses, War and Navy Department ex-
penses, and the Indian charge, varied but
little during the last two years.
The interest on the public debt during the
year just closed amounted to s36, 1923 S1S, or
about FIVE millions less than the preceding
year. The premium paid on bonds pur
chased-s20, 3N, ,224-was fully three millions
more than during the preceding
year, and the pension charge for
the last year amounted to $780,
939, 423 About eight millions of this amount
was used to pay pensions due during the
closing months Of the preceding fiscal year,
so that the real pension charges during the
last year were about s99, 900, 900, against
sos, 600. 900 in the preceding year.