The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-07-18
GOVERNMENT FINANCES.
PUBLIC DEBT STATEMENT
FOR THE FISCAL YEAR.

From the United States Treasury
Department Makes the Deficit
500, 200, O,OOO-The Gold Reserve
Less-Decreased Expenditures.
The monthly public debt statement and
statement of receipts and expenditures
issued from the United States Treasury De-
partment presents very unfavorable show
ing OF Government fiscal operations In the
last month, as we'll as for the fiscal year
lust closed. In June there was net
increase in the debt Of S250,00O,
the gold reserve decreased nearly $14,000,-
600, and receipts from all sources COM
pared with June, 1898, fell off more than
g. 900. The public debt is shown to
have Increased $50 900, 900 in the last twelve
months. There was in June trifing in
crease in the lnterest-bearing debt (50), a
decrease OF $269, 300 in the Treasury surplus,
and a decrease OF $1S,794 in the non-inter-
est-bearing debt, making altogether net In
crease in the debt in the month OF $25l, 156.
The total debt, less S117, ,583, 1876 surplus in
the Treasury, is SSs9 9,s13, ,Ss1, against $685.
sos, ,476 on July 1, 1898, or an increase dur.
ing the year just closed Of more than $780,
00O, 900. OF the entire debt, 1856, ,041, 800 Is
interest-bearing debt, mainly four per cent.
bonds, and this amount is $50, 900, 900 more
than the bonded indebtedness O year ago, or
before the $50, 900, 900 loan of last February
was issued.
Treasury gold assets aggregate $13l. .217,-
493, against which there are gold certificates
outstanding amounting to $66. .S44, 4Os, leav.
ing a gold reserve Of $64, ,873 ,024, or about
A1 oO0. 900 less than at the time of the bond
issue last February, nearly $Sl,000.00O less
thon on July 1, 1883, and s45, ,00 900 less
than on July 1. 1892, when the Treasury
gold reserve was more than $14 0OO,-
600 above the S100,o00,000 greenback
reserve mark. Some Treasury officials an
ticipate large falling off In gold exporta-
tions at once, and think that the tide will
turn the other way before the month Is out.
Silver assets aggregate S513, 29s, ,70s.
against which there is outstanding $46l $685.
$50 In silver certificates anG silver treasury
notes. leaving silver reserve of $51, ,342 ,31S.
The Treasury store Of silver is made up in
round numbers OF 1868, ,000. 900 in standard
silver dollars $127, 900 900 In bullion, and
$1S, 900 900 in subsidiary coin.
Government receipts last month aggre-
gated 1926. .4S5, 1925. or 81, $50. 900 less than in
June, 1885, Customs receipts were only
ss,s5S,S76, or fully $6,000,OOO less than IN
June year ago, while internal revenue re-
ceipts, owingto unusually heavy withdraw
SIS, 1893, or 81, 900 900 more than in June.
1898. Expenditures last month were $685.
557, ,O21, or $3 250, 900 less than in June, 1898.
Government receipts from all sources tor
the fiscal year just closed aggregated 1885,
900, 1886, against 1886. .819, $50 in the preceding
year, comparative loss OF about $S9, ,o00,-
600. Seventy-ore millions of this resulted
from the large falling of in customs re-
ceipts, which for the year Just closed
amounted, In round numbers, to only $780,
O0O, 900, against $2Os, 900, 900 In the preceding
yesr. Internal revenue receipts for the year
lust closed were $147 200, 900, or fully Sl4,-
600, 900 less than in the preceding year. Ex-
penditures for the year just closed aggre-
gated Ss66, ,5s3, $50, or BIG, 1874, sos less than
the expenditures in the preceding year. Re-
ducsd pension payments for the year just
closed account for more than this compara-
tive net reduction in expenditures, the pen
sion charges for the last year be-
ing $141, ,177,2s5, or fully $1S,000,oOo
less than in the preceding year.
War Department expenditures last
year were $54, ,S57 800, or $6,00O,0 900 more
than the preceding year. Other slight COM
paratiye decreases In civil and miscellaneous
expenditures and for the support OF the In
dians make the net reduction In expenditures
last year, compared with the preceding year,
ss before stated, about S17 7.OO0,O