Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-12-24

sIhcateS converted during the year. and S}i, lt2-
3s2iS taken from the cash balance in the treas
ui-y making total of Sl3i 0i7 .tr}5 Is. which
applied 20 the payment of the debt
As compared with the fiscal year 1890 the
>eipts for 1891 have fallen S5.4lS.S41.52, net
amount made up of an increase of SlO,29 lt3 9s
and u decrease of SIS, 621 30. OF the former
I'll two largest items are an increase of So 0i9-
~ % in postal revenue and S3,079 rs in the
internal revenue of the latter the principal
!teg,ls are decreased customs. Sl0li6.3.9:4: de-
creased profits on coinage, assays, etc. S,5l5
s5s ~ and decreased sales of public lands s.,
<9S. 51.l9.
There was an increase of ST., 65s IA in the
ordinary expenditures.
OF this increase the civil establishment of the
legislative. departments Judiciary,
etc. absorbed. .S2S ,644.9i1 %
Military establishments. ABB - 93
Naval establishments .--..-...... 4,l01, $50 p
Sn0ian ssTVice -----------..-........- lSI9 ~ "a
I'm. erosion the public debt 1,447, S5l 32
Total S57. 1886. 1873 IA
For the present fiscal year ending June 80,
20. RE revenues are estimated as follows So, ~,
ron Sussom i ro,,,,,,;. s r., Oo.
EnUzn miscellaneous sources. 25,GO0y00
From postal service --...... 71,OO,OOO
Total estimated revenues ..-..... S4GS3 600 600
Tho expenditures for the same period
& -innafe6 as follows:
For the civil establishment. 80 500 600
For the military establishment --..-..- 46OO.OO
FOR the naval establishment. -....... a2,OO0.0OO
For theilRdian service. .-............. 100000
For Exasfons L25 100000
For interest on the public debt 100. 23OOO,OOO
FOR postal service Observation-Disclosures. 100000
Total estimated expenditures 500 OOO. 900
Leaving estimated surplus for
the year of. -. ...................S 2iOOO,OOO
The fasiowing is a statement of the probable
-,-ouftIeon of the treasury at the close of the
present fiscal year, June 30, 1892
Cash in the Treasury July l, 1891,
including gold reserve. 1900. S153,S 93S9S So
Surplus for year, as above 2,OO0O 90
Deposits during the year for
demption of national bank notes 100000 90
Total amount available w slsO, 1893 500 50
Redemption OF ma
tional bank notes
during the year. Sl6,cOOOOO %
ARedcmption Of
notes and frac-
Nov /, 1891. 49,. eo.9l1, 1853 90
Redemption of
same items dur
ing remainder of
.year.-.-.......... 425i,5O0 90
-- IL I65, Gss 90
Cash balance avail
able June 30 1892. ........ 49, Sls9 rs, las So
It ia estimated that the revenues of the gov
srument for the fiscal year 1898 will be-
ETexs1 customs ................ :. S195OOOOOO 90
yroun internal revenue -.....-..... 15SUO.GO 90
FROM miscellaneous sOrlces.....-.. 2e,GO,WO 90
From postal service. SO,S36,;sJO a
Total estimated revenues. S455,3 $50 $50 II
Of
.sars1e year submitted by the heads of depart
xneats amount to Si4l:SO,OS6l, leaving an es-
S!saassd surplus u.s.. June ~. 80 lsa OF
for 1893 is that for PENSIONS. Sl47, $50 in
-crease of 81. O6i,5 $50 over 1892.
SINKING FUND.
The requirements of the sinking fund ior the
current fiscal year are estimated at Sis, 9l3, g5
The applications to the fund to November
tionsi currency amounting to s209ll I63 The
additional application of similar items of in
and Of national bank notes redeemed under the
provisions of the act of July A. 1890 in excess OF
deposits received during the year for the re.
.slenption of such notes estimated at 81 Pa ,5U
and Si3D00poO, respectively, viii bring the total
amount to be applied to the fund to within $40,
-ZiT, :sss vf the estimated requirement.
,THk FoUR-AND-A -HALF PER CENTS.
In view of the requirements of the sin king
FUND for the fiscal year 1892. it was deemed ad
visible se susRen a tine tbe b OF b Rel
and circular was therefore published, under
date of April %. lsel; resembling that unde1
-reserving the residue of the A. per cent: loan
for adjustment within the fiscal year 1892 Their,
prior TO the issuance of the circular above men
fioned, s., $50. and the amount outstanding
subject to settlement of the option of the gov
eminent after September |, 1891 was therefor,
$50. ~. 200 consisting of SS.ag,5OO registered
and Sill ,666 900 coupon bonds
Nearly S,6 5o0,OOO of the registered bonds wer,
deposited with the treasurer of the United States
as security for circulation and public 9b moneys
would be obliged TO replace them with othe
bonds at great cost or go into liquidation when
ever it should be necessary that the 4l2 pc
cents be surrendered 1t was apparent. there
FORE that an unqualified call for the redemption
of the loan. fixing its maturity in Septem
Der would project disturbing elemen
fsxt, the finances of the countr,
al time when its resources ar
usually severely taxed by the move
avoid monetary disturbance during this critica
period and in the hope that the volume o
money in circulation might be increased at al
.;,pportune time. through the cooperation o
the banks the holders of the bonds were offeret
their choice of presenting them for redemption
with interest to September 2, 1891, or fer con
>tinuance at the pleasure of the government witt
interest at per cent. per annum after tina
date Under this proposal there were presentet
of which s2OOO7 100 were deposited with tn
treasurer of the United States as security TO
circulation and 81, l5S,0OO for deposits. But
was found that some owners OF 4ia per cen,
bonds who desired their continuance were un
able to take the necessary steps to that en-
within tho prescribed time, and an extension o
she time to September 50 was therefore granted
On that day the total amount OF bonds VINO
had been presented for continuance was S5, AZ
Q0O leaving for redemption So, 451 600, OF whlc
tsI79tg 100 were presented and paid during tn
usonth of September. There were also re
S3eernsd In that month, to correct an error mad
~ fhe owner S47, 100 continued bonds, and tn
,SH,ount now outstanding on interest at 3 pc
cent is SIS. 384. 500
The amount of money in circulation has bee
syery largely increased since the close Oh the IA