Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1891-01-16
Years Work of the Treasury Depnrt-
ment.

w ASHINGTON, Jan. 5.-The reduc-
ton in the public debt during the
month of December, as shown by the
monthly statement issued from tho
treasury department the 1st is 81 l. COS,
1917. The total debt now, less cash
in the treasury, is $S62, 430, Sal, and
OF this amount $619, 019, 740 is interest
bearing debt, made up mainly of $50
III, 800 AZ per cents and 500. 742, 700
per cents now outstanding.
The principal of the outstanding Al
and per cents has been reduced $92,-
2S9, 900 during the last calendar year.
$40, $780, POO AIS and $i2. $50. 500 As
having been purchased and redeemed
during the twelve months.
The net cash or surplus in the treas
ury to-day, including subsidiary coin,
is $57, 81, Sl2, against about $53, 0OO,-
900 on January l, 1890. OF the
surplus to-day national bank deposit
tories hold $24, 1919, S72, against SAL
600, 900 year ago. Government re-
ceipts during the past year aggregated
S3l, $40, 039 against $29, 595 504 in
December, 1889. Receipts from all
sources from July 1st to December
31st, the first half Of the current fiscal
year, aggregated in round numbers
$2l1, Oo0 900, or $lS, 900, 900 more
than for the corresponding six months
of 1889.
Customs receipts for the last six
months aggregated 1921, 240, 1876, but
for the next six months in the aggre-
gate it will fall perhaps $40, 600, 900
short of this amount. Fifteen million
dollars of this will be dine to the loss
from sugar duties during the last quar-
ter of the current fiscal year. and
s., 600, 900 from the loss of revenue
due to the extended free list of the
present tariff law. The indications
however. point to a customs revenue
of 1921. 600, 000 during the year.
Internal revenue receipts during the
last six months aggregated $50, OPP, 7S5,
but are likely to fail II little short OF
that during the last half of the fiscal
year, but for the entire year are likely
to reach $40 900, 900, or S., 900, 900
more than the secretary's estimate
made last fail.
Receipts from miscellaneous sources
during the first half of the current
fiscal year were about $14, 900, 600,
and will undoubtedly reach double
that amount by the end of the year.
So the indications are that the govern
ment revenues for the current fiscal
year will reach 1896 600, 900. against
$403, 600, 600 during the preceding
year, Notwithstanding prospective
loss of SO, 600, 900 in sugar duty rev.
enue under the new tariff after the 1st
of next April.
Government expenditures during the
last six months aggregated in round
numbers 5000, 600, 900 more than the
expenditures during the corresponding
months of 1899 OF this increase in
expenditures compared with the first
half of the preceding fiscal year, more
than $11. 600, 900 is due to the pay
ment of interest on bonds redeemed
The payments for this account during
the last six months have aggregated
S29, S34. 53S, against $lS 60 020 dur
ing the first half of the preceding fiscal
year. For premiums on bonds pur-
chased during the last six months tho
treasury has paid out $40, SCI, $50,
against $13 459, 1856 from July to De-
cember inclusive in 1889. Pension
payments during the last six months
aggregate 500, 00l, go, against SOL.
2S0. 063 during the first half OF the
preceding fiscal year.