The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1891-01-09
THE PUBLIC PURSE.

The State of the National Finances a.
Shown by the Monthly Statement of the
Treasury Departmental Reduction of
the Public Debt by Over Eleven Million
Dollars in Observation-Disclosures, Expend-
itures, Etc.
WASHINGTON, Jan. 3.-The reduction
in the public debt during December, as
shown by the monthly statement issued
from the Treasury Department yester-
day, is S11, ,Oo5, 1897.
The total debt, less cash in the treas
ury, is SS62, $50, ,541, and of this amount
$619,019, 740 is interest-bearing debt,
made up ma tnly of $50, III, 500 four-and-
| a-half per cents and $3.50, 742, 700 fou:
per cents now outstanding. The
principal of the outstanding four
| and four-and-a-half per cents has
been reduced S92, ,2S9, 900 during tho
past calendar year; S49, $50, 200
four-and-a-halfs and $42, ,450, 500 fourS
having been purchased and redeemed
cash or surplus in the Treasury, includ-
ing subsidiary coin, is $50, ,571, ,s12,
against about $50, 900, 900 on January 1,
1890. Of the surplus, National Bank de-
positaries hold $24 100, ,s72, against about
S4l, ,OOO, 200 year ago.
Government receipts during Decem-
Der past aggregated $31, $40, ,O39, against
S29, sos, ,504 IN December, 1889. Receipts
from all sources from July 1, to De-
cember 81, the first half of the current
fiscal year, aggregated in round num-
bers $211, ,000,0 600, or $18, 900, 900 more
than for the corresponding six months
of 1889. Customs receipts for the past
six months aggregated 1924, 24O, 195, but
for the next six months in the aggre-
gate will fall, perhaps, twenty millions
short of this amount Fifteen millions
will be due to the loss from sugar du-
ties during the last quarter of the cur
rent fiscal year, and five millions from
loss of revenue, due to the extended
free list of the present Tariff law. In
dications, however, point to d customs
revenue of 1921, 900, 900 during the year.
Internal revenue receipts during the
past six months aggregated $75, ,022, TS5,
but are likely to fall little short of
that during the last half of the fiscal
year, but for the entire year are likely
to reach $147, 100000, or five millions
more than the Secretary's estimate
made last fall.
Receipts from miscellaneous sources
during the first half of the current
fiscal year were about $14, 200, 900, and
will undoubtedly reach double that
amount by the end of the year. So the
indications are that Government reve-
nues for the current fiscal year will
reach 1896, 900, 600, against $403, 900, 900
during the preceding year, notwith-
standing prospective loss of SIS, ,000,-
900 in sugar duty revenue under the
new tariff after the first of next April.
Government expenditures during the
past six months aggregated in round
numbers $500, 900, 900, or twenty-five
millions more than expenditures during
the corresponding months of 1889. OF
this increase in expenditures compared
with the first half of the preceding fis-
cal year, more than $11, 900, 900 is due to
prepayment of interest on bonds re-
deemed; the payments for this account
during the past six months have aggre-
g4ted 500, 834, 538, against $1S,662, 020
during the first half of the preceding
fiscal year. For premiums on bonds
purchased during the past six months
the Treasury has paid out $40, 1861, ,639
against $13, 459, 1S3 from July to Decem-
Der inclusive in 1889.
Pension payments during the past six
months aggregate 500, ,001, ,970, against
$61, ,2S0, 063 during the first half of the
preceding fiscal year.