Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1891-01-03
UNCLE SAM'SCASH.
The Accounts as They Stood
on January First.
DEBT REDUCTION FOR THE YEAR

A Matter of s6I9. 900. 900 Still Drawing
Interest-The Surplus Increase. About
$4,000. oo0-Estimates on the Revenue
for the Coming Year. z. Letter
Thinks There Is Too Much Water In
the Capital Fire Departmental Frac-
tional Currency Bill.
WASHINGTON CITY, Jan 3-The reduc-
ton in the public debt during December,
as shown by the monthly statement issued
from the treasury department yesterday,
was$ll ,OO5. 1877. The total debt less cash in the
treasury is ss6s. 4S0, 541, and of this amount
e6is.0l9, 740 is interest bearing debt, made
up mainly of $50, III, 500 AZ per cents,
and 1859, 142, 700 per cents now outstand-
ing. The principal of the outstanding
4 and AZ per cents. has been reduced s92 :
$4,000 during the past calendar year, $4a.-
$4,000 A. SIS and 81, 450, 500 as having been
purchased and redeemed during the twelve
months. The net cash or surplus in the
treasury. including subsidiary coin, is
sS',51l, si2, against about s5S, 200, 900 on
jan !, 1890 OF the surplus, national
bank repositories hold S24, 100, s72, against
about 81, 600, 900 a year ago.
Some Figures on Receipts.
government receipts during December
past aggregated sSl, $40, 039 against SEQ
$4,000 in December 1889. Receipts from
all sources from July to Dec. 81, the first
haif oil the current fiscal year, aggregated
III round numbers SCI II, 0o0, 600 or SIS. CO.,
oo more than for corresponding six
months OF 1889 Customs receipts for
the past six months aggregated $124,-
sfo,iSo, but for the next six months in
the aggregate will fall, perhaps SO, 600, :
w short OF this amount. Fifteen mil
mons OF this will be due to the loss from
sugar duties during the last quarter of the
current hscal year and S, 600 600 from loss
OF revenue due to the extended free list OF
the present tariff law Indications, how
ever. point TO a customs revenue of s29l. :
Oo0oO0 during the year. Internal revenue
receipts during the past six months ag-
gregated sra, Or, 7s5, but are likely to fall
a little short of that during the last
half of the fiscal year.
Probable Revenue for the Year.
But for the entire year receipts are likely
TO reach Sl4' 600 0OU, or s., 0Oo, 900 more than
the secretary's estimate made last fall
Receipts from miscellaneous sources dur
ing the first half of the current fiscal year
were about si4, 900 00) and will undoubted-
ly each double that amount by the end of
the year. So the indications are that gov
eminent revenues for the current fiscal
year will reach SS96, 000, 900. against $40S.
10000 du-ing the preceding year, not
outstanding prospective loss of SIS, OO0, :
900 in sugar duty revenue under the new
uarlff after the first of next April
What Was Done with the Money
Government expenditures during the
past six months aggregated in round
numbers 200, Oo0, 600, or 81, OOO, 900 more
than expenditures during the correspond
ing months of 1889. OF this increase in
expenditures compared with the first half
at the preceding fiscal year, more than
sil,oOO,ooo is due to prepayment of interest
ON bonds redeemed, the payments for this
account during the past six months hav-
ing aggregated S29, s34. 53s, against SIS. 6s2.-
90 during the first half of the preceding
fiscal year For premiums on bonds pur-
chased during the past six months, the
treasury has paid ont sl036l, $50. against
slS, 459, l3 from July to December, inclu-
We. IN 1881 Pension payments during
the past six months aggregated $50. O0l, 970.
AGAINST SOL 2S0, 0i3 during the first half of
q e preceding fiscal year