The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1891-06-24
THE 4RRAsURY nor EnIPTY

= X
N1tta TREASURY NOT IealF1E
Features Of tho siI6afiSn.LSo oanse for
AI,y,,,s II n - =
Nm, I,,-. S,,,,,,,,,...,, S, 49,. 3 Z. ~
s eV"..'e.s'aS 9 $500 ~ !
e persons t1Es s " siss assL 5el
the TACT that the net report on cash an
the Treasury, exclusive of fractional
currency and deposits In hanks shows
o.daf;n;t - lo.t II
= ueiiei' W iase- ~ ls ssatea agsIhe same
time on otiicialiauth orit9, that there
ports do not include receipts of the
Treasury for three days past, though In
Guiding the amounts paid out, and that
il the receipts were included So small
balance on hand would be
reported. The outgo for the
month thus far has Been unusuallv
heavy, about SIS, 600, 600. and
has greatly exceeded the. receipts, but
for the rest of the month the outgo will
be comparatively small, so that a cash
balance will be accumulated, exclusive
of the amount in banks and the frnc-
tional currency. But while these fncfs
are properly stated, it remains true that
they are not of the highest Importance.
It has been well enough known for
some weeks past that. the cash balance
had been much reduced, and it makes
very l1Ctlo Ql1erence whether there Is q
small surplus technically on hand or
forms of indebtedness charged against
cash in hand are not Immediately pay.
able.
1t is the highest degree important, in
these times of serious discussion of
financial matters, to keep in mind the
fact that the obligations Of the Treasury
which are constantly recognized in It's
statements, and properfy deducted
when the object is to show the net cash
balance, are in mart of such, Character
that they are not liable, to be demanded
portion of the balances on disbursing
officers accounts. for these balances
always include sums of money which
are due to public creditors when certain
claims NAV be presented. MT some, in
definite future time, and the amount Of
such balances running from yeor IN wear
always exceeds $1O,O0O,OOO. There, are
other items of asimilar nature which are
always and properly deducted from the
amount of cash in hand. but which the
Treasury is NOT required To nav Mt nraa-
ent nor likely to be called upon to nav
at any definite timesinsthe future. BIT
ton which tho Treasury, oupIlt ailsays
n. recognize &c II iaes h, fs3gh;cb IL 10
Seless nv 1es iaI th rs
called mon RI yio1, No 4 10. $ion NH oan -,
tho so-caIIad hnlIfnn find This q rr9o,,,,t
of money the Tressnrv 1is fSr NJ. , 70
demption of the legal tender notes md
ought to hold scrupnlouslv for that mr. mr.,
nose, Int It ia fneYerthnless cssI IN tLo
Treasury anfl;cosh which thareis no
present nrohabiIifv that tho Treos,Irv
will be called unonyto.nav-
It is one of the most fortunate feat,;ras
of the present financial situation thot
there is NOT in{Iication whnteycr ~ de de
trust of the Treasure, or Of fear in bns-
mess circles that the aoyernmant viii
be unable or unwilling TO meet its obi
cations strictly accordinSto tbs nIndgas
heretofore Given, II tRera we've tSo
SLIGHTEST doEbt whethertfe Government
wonld he mile or would ia sSisGoseJ ~
paw gold for legal tenders IN demand Il
| is very certain that n LARGE amonnt nj
| legal tenders ontstandinSs would he
SPEEDILY presented for IMMINENT in ono
way or anoth ep.sg ssInt * /, Bshno,, Of INV
such annrehe 3foh n III al rid
with comparatiye indifferenc6 tSas cnr.
rent statements that the Treasury has
its its net cash balance greatly
reduced. All practical men realize
that the great part OF that cash balance
is held for the BHae 644 1If7reaotitnt Of
notes, and for Fiat ibbTiTTjbse '6n[ys and
| that the amount so held il not likely 70
be called for under any circumstances
which can at present be foreseen' Unfit