Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1894-06-15
THE NATIONAL FINANCES
THE CURRENT MONTHLY PUB
Lie DEBT STATEMENT.

Net Increase in the Public Debh
Less Cash on Hand, of SO, ,603-
O3O. 5S-A Net Loss of So, ,OOO,-
900 in GoId-Great Failing on In
the Revenue.
The debt statement shows net increase
OF the public debt, less cash In the Unitel
States Treasury, during May, OF sc. .60s.-
030.5S. The interest bearing debt increased
S460, the Notwithstanding debt Ge-
creased $40, 50. and the cash in
the Treasury decreased $7.243, ,i50.OS.
The balance OF the several classes OF debt
ut the close of business. Nav 81, were,
Interest-bearing debt, s635 O4t $40 debit on
which interest has ceased since maturity.
al. S5} 800 debt bearing no interest $3.50,
016.330 total. Sl,016. 9l6.5
The certificates and Treasury noIes Offset
by an equal amount Of cash in the Treasury
outstanding at the end OF the month were
S621. l2S AS, an increase of S1.19S,G50. To-
tai cash in the Treasury, $7S3 2S3. .264.77 {;
gold reserve. S7S 693 .267 net cash balance.
S39. l61 .O6S. S5. During the month there was
Il decrease in gold coin and bars OF S22. 1874
Gal, the total at the close being sl4C .067.-
S16. or silver there was an increase OF
$7Si 400. OF the surplus there was in the
national bank repositories $l6, ,939 42l,
against S1G $40, 719 at the end ofthe previous
month.
During the month of Nav the Treasury
sustained a net loss in gold for export pur-
poses OF S22 900 900. The movement still
continues, nearly wipinc out all Of the gold
received 10y the bond issue Of last January.
While the Treasury is losing gold bv export.
il is ESQ losing it in Boston. Philadelphia and
New York by Withdrawals in ordinary busi-
ness transactions. The gold is finding its
way into the banks. In most OF the
cities of the West the Treasury is daily gain
ing gold in exchange for legal tenders, ono
day receiving $400, 900 in st. Louis for
United States notes delivered in New York
to the banks credit. Gold received for Gus
toms dues at New York during May amounted
to only 2.3 per cent, against twenty-9ight
per cent. six months ago.
The falling off of ordinary revenues iS
causing more uneasiness in Treasury circles
than the decline of the gold reserve. The re-
cpipts for the eleven months of the current
fiscal year are $4,000, 900 less than for
the eleven mOnths OF tho previous fiscal
year saving Of S13,0 900 900 in oN-
ponditures over the corresponding perioi
of 1928 brings down the differ
ence in round figures TO S72, 100000, be-
ing the excess Of expenditures over receipts
for the eleven months Of this year The
greatest falling off is shown in customs.
which have declined $50 900, 900. Internal
revenue also fell Off SD 900, 900. The great
est ratrenchment of expen itures is shown
in pensions, a saving of Sl7,OOO,OOO having
been effected in this item. Civil and mis-
ceIIaneOus expenditures show decrease OF
$4,000, 900.
The stated Treasury balance is 3l17, ,OO0,-
600 ION January it was $50 0)O, 900 On
January l, however, the Treasury was le-
duced to working currency balance Of only
5000 900, the rest being sold and now tho
Treasury has working currency balance OF
$42 900, 900. The Treasury situation, there
q fHVOr1h hIP
with less goIdth it held in January, than
at the beginr ing of the calendar year, rs it's
currency balanceis four times greater thal
it was then.