Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-08-11

densed into one. giving the aggregate Of
such debss, which il only u, el6, -. and
no real business mas or banker, IL Is safe
10 say. has ever missed the derAiis Or
regretted their omission. The statement
Of debt tearing no interest and Of GER
.iacates and notes outstanding ID exactly
what it used to be. line for line. and also
he first part Of the old reeapitulasion,
showing the aggregate amount OF me
outstanding debt, and the Increase or
decrease for the month But in place OF
The old statement Of eash In the treasury
which vas brief. vague and meaningless,
and was supplemented each month By a
separate statement Of assets and iiabih-
ties showing the different kinds Of cash
held. all esss initial points Of this separate
statement are now embodied In the debt
statement proper, 80 that not one item
OF Information formerly given in that
statement, Ia omitted, but much not then
given therein ia now embraced
next, this statement OF cash gives
exactly the items formerly given in the
statement Of assets, excepting that
standard dollars coined under two dis
sinet acts are no longer separately
stated, but given In one Item The
deposits in banks for general account
and for Disturbing officers are separatel y
given. "a before There ia not vestige
u information formerly embraced In the
monthly statement which Ia not now
embraced in the new statement as TO the
amount and kind Of cash held. Finally,
the statement Of demand liabilities
includes In the debt statement, exact Y
As 1t used 70 do In the separate statement
the amounts Of gold certificates, silver
certificates. currency certificates, treas
ury notes of 1890, bank note redemption
sund, outstanding checks and drafts
disburslng officers balances, and the
bullion fund or gold reserve OF $1,000 :
coo, and the net cash balance In the
treasury. But six minor Items which
we're formerly given separately are now
Included under one head as agency
accounts. etc These are postofilce
department accounts, undistfiouted
assets OF failed national banks, currency
and minor coin redemption account''
fractional silver redemption accounts,
redemption and exchange account. and
agency account for payment Of District
OF Columbia bond As the aggregate
Of all theseAs only $1,000, 900, and nearly
the whole was usually In the post office
account alone. no one has yet been able
TO suggest respectable reason for wish
ing the separate items retained.
What Is there concealed. What pos
aibility Of c0ncealment Is there: The
story that any level headed banker
misses and complains about the absence
OF the old statement OF assets and liabli-
ties must be considered apocryphal. for
no banker or business man OF common
sense would expose himself to the lidi-
cule OF the whole business world by con
Tossing that he could not find in the new
debt statement all the information of any
value whatever which the two old state
ments contained. Thus each month the
increase or decrease in amount OF debt is
shown. and also the increase or decrease
ia amount Of cash held, and the banker
must be neither level headed nor pos
sessed Of average common sense who
cannot see at Il glance whether the debt
less cash has decreased or increased, and
how much. If there be one who cannot
he ia entitled TO the COMMUNICATION of
the public, and ought to be provided by
sympathizing relatives with guardian
Meanwhile. the Old statement Of each
kind Of currency in circulation is still
issued. as minute and complete rs it was.
and that ia Of all the published state
tnents the one which calls for most con-
slant scrutiny"