Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-06-02
FEDERAL TREASURY FACTS.
Falling on In Rcccipts-No Indications Of
Another Bond Issue However.

WASHINGTON u. c., June 1.-The
debt statement shows a net increase in
the public debt less cash in the Treasury,
during May Of S6.W},ao. Gents omittcdD
The mterest-beariug debt increased $500.
The Notwithstanding debt decreased
500 SO The cash in the Treasury de
creased G.g@450
The balances Of the several classes Of
debt at the close Of business May 3lst
were: mtcrest-bearing debt $G35 0l so;
debt on which interest has ceased since
maturity, E,S5S $50; debt bearing no in
tcrest, S&s0m62-J. Total, $l,0l69l6,5G)
The certificates and Treasury notes,
offset by an equal amount Of cash in the
Treasury, outstanding at the end Of the
month were S52llgS4j. an increase of
Sl.i3s.Gjo The total cash in the Treasury
was SIS, ,2>},2GL The gold reserve was
$7S,6g3 Z6L Net cash balance, S39,lGl.O6S.
During the month there was a decrease
in gold coin and bars of $22l2iGH, the
total at the close being SliSO61SlG. OF
silver there was an increase of $685. 400
or the surplus, there was IN national
bank repositories Sl6,959,520 against SlG,-
Stg.-lg at the end OF the previous month.
The outflow Of gold from the Treasury
has nearly wiped out all the gold re-
ceived from the bond issue Of last JanU-
ary While the Treasury Is losing gold
by exports. it is also losing it in Bos on,
Philadelphia, and New York by With
draWals In ordinary business transactions.
In the cities named the gold is finding its
way into the banks. In most Of the cities
of the West the Treasury is daily gaining
gold in exchange for legal tenders on
one day Of this week receiving 500. 600
In St Louis for United States notes,
delivered in New York 10 the banks
credit. Similar offerings have been re-
coivcd by the Treasury to-day, and SeYe-
raj were received day or two ago but
only those are accepted that directly
benefit the Treasury. The gold received
for customs-duties at New York during
May amounted 10 @ per cent, against
2S per cent. six months ago.
While there is no present prospect OF a
cessation Of gold exports, still there are
no indications that a new bond issue
will be resOrted TO by Secretary Carlisle
10 build up the reserve. The impression
In Treasury circles is that the reserve
viii reach as low a point as $50 00,0OO
before such an alternative as a bond
issue will be resorted 10. No financial
disturbance resulted when the original
reserve of SlO0,0OO,000 was encroached
upon, none when the reserve fell 10 S5.-
Oo00O0. Just before the last bond issue,
and none Is apprehended now. The fan
ing off In ordinary revenues is causing
more uneasiness in Treasury circles than
the decline in the gold reserve. The re-
ceipts for the eleven months OF the cur
rent fiscal year are SSf, 900 900 less than
for the eleven months of the previous
fiscal year. a saving Of $l3,0o0O00 In ex-
penditures over the corresponding period
Of 1929 brings down the difference In
raund figures 20 s72.0OO,O00, being the ex-
cess OF expenditures over receipts for the
eleven months OF this year
The greatest falling on is shown in
customs, which have declined N00O0.00o.
Internal-reyenue receipts also fell of $li-
10000. The greatest retrenchment OF ex-
penditures is shown in pensions, a saving
of $1,000 900 having been Effected in this