Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-07-02
THE NATIONAL DEBT
SECRETARY FoeTeNs NEW eo@w =
MONTHLY srA1emeNTs 4
An Authoritative Hz0eannesse q
Rssssss FOR ne CAanges Sseos
dsvss shswSsg-4hs Co., Deseess


"a
py ss,ssssph - - pspsssAI
WAsxsxoron, July I.-Ths fosn q ~
national debt statement tssoeo -
Treasury to-day diasn materially -
thas heretofore issued, and The Soacv!.g
IL an authoritative explsnetioo 9 -
chsnos n form and the reason thweooss
The Secretary Of tho Ttsasusy go "a
teution 70 certain changes In The ooesn
debt statement Issued for JunA. ~. 40
in the daily statement Of cash IN ses H.
sufy. - -.S.~n ~
an srv ,ncycssc or decrease irtfys pubele deee ~
der shls form u b. hAg ,:c s ~ q
s SS@Ss sS~ an more 80 q Inc pubsis 90 -
osins 20 Inc Tsct that tse prtndpal 80
MUM pad Dir b2aids r.duceo VIC .aSSn11I
beyond tho amCApt OF Leads AcsVsav
A SxpARATfDN
Tn. Secretary has concluded sfsee No.
Thought ou the subject TO aeparase the ~.
OF the debs from The statement o. w ~ -
Treasury. Hereafter the ssHtemcns -
sran, month 10 month. and this ssatemeos ~ -
part Of the form nov sdopseu. - a -
In making up the new stetemens o. go
Treasury the nearcs VIII pinsn,y ~ s9s.s iSSSs
this total WIN be stated the cash nAb!nsiee
pan OF the new form will take the plnce
assets and liabilities statement ncfesosov
ne secured interest ana the Interest due end a.
paid have appeared a. current saosfiue&
rHx sxcRErARys Positions.
These items have been eliminated. NE Dec
,sry holds that II accrued inseesse ~ ~
charged rs a liability asains, cssn' sns1 ~ -
charged. OF IN like manner the scceueo uo.y
for the construction Of public building OF -
the improvement Of rivers and hascorA -.
The matured debt item y made op g ~
remnant Of bonds and other forms q lndeees1.
ness remaining unpaid nom the Ioonoes ~
Government IL Il assumed that lee ~ ~
per cent. Of these VII. ever 90 ssS
on the debt statement, bus nos - . "sesV
against cash.
LIABILITIES A0AJxsr CASE.
Tho Secretary also calls attention 70 the tsomD
OF liability against the cash In the irees.Z
composed-nrst, Of tho ) per cent fund ee;d fcS
the redemption Of uncunent national enk
notes, which sum can only be reduced ~ the
retirement Of pstionalbenk circuiat,cn. IL"
Secretary thinks this amount ought ~ .v .s,sIv
covered into the Treasury. ~ was done = ccouz
with tho fund for the redemption o. isk snc
retired national banks. The probability u snes
this sum will be Increased during INC oomsnS
Of outstanding checks and drafts, whicn rafey
ever falls below Ave million dollars. Third, DIS
bursting officers balances, nov emounung 20
about thirty.four million dollars. This moneys
In the Treasury and in Government 0epcss?-
ries % the credit OF disbussing oficcrs, ana set
dom falls below the present amount Fouun,
agency accounts made up mainly OF poeses
revenues and subject 10 the DRAFT OF .ne roS-
mastcr-UeneraL This, too, rarely faias DEW
lve million dollars
These four items amount 10 &5f .OOO,OOO. ana
n held by a bank could be safely loaned up 70
nine tenths Of the total sum.
The Secretary will not hereafter deducs ifom
his cash balance the amount on depost IN ne
tional banks or tho fractional silver com On
hand He thinks there Is no good reason why
this sholld ever have been done.
YESTERDAYS STATEMENT
To-days statement embraces tho following
items.
Debt on which interest has ceased slnce ms
mrity, 3 GA 1925; debt bearing no interest.
s3g3B62, 35.35 this Includes legai-tenuer
notes, tho remnant Of old demand notes, M.
tional-bank notes, the redemption accouni, and
fractional currency certificates aud notes Is
sued on deposits u coin, aud legaitenier notes
and purchases ~ silver bullion, $40 ,l9o,V3l
this includes the toms OF gO!i. silver, ana cu.
rency certificates, anI the Treasury notes OF
1S9O-bulllon purchase notes.; ntercst-pear'
ins debt, 500, J29, l2O-aggregate Of dou's
l,545. 800, 5al.ol.
The total cash In the Treasury II stated at
s7I5.340,1 Jl. 81; cash balance, 91J3,Sisi,.
s0S.S3-behg decrease during the month q
June OF f,pg2 .aog.i4. In the cara talanco -
Included si0O,u0O,0oO Of gold reserve.