Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1895-07-05
UNCLE SANS DEBTS
Treasury Has Fallen Behind of
Late Years.
A STATEMENT OF DEFICITS
The Revenue Service Improved-Work
OF the Life-Savers - Customs
and Other Matters.

deficit OF the fiscal year just closed will
De found by tomorrJw's debt statement
TO be approximately SAC. 250.0O0. This,
ADDED to last years deficit of nearly $780,
100000 makes the excess of expendi-
lures over receipts since June 80, $685.
about $113, 250,000 The total receipts of
the government this fiscal year, exclu-
sive of postal revenues, amount to near
ly s313,00O,000. and the expenditures
1886 $50, 900, of which pensions took $141,-
39l ,523 Last year the aggregate re-
ceipts of the postal revenues were $297,-
I22.O19 and the expenditures 1867 $685.
279. The receipts this year were $15,-
27S,OOO larger than last, and the ex-
penditures about SLIPS. 900 less. The
postal service deficit is about 81 900. 900,
which Is considerably in excess of that
OF any recent year.
The internal revenue department of
the government has contributed this
year to the receipts nearly SAB 900, 0OO
as against a little more than STAT, 000, 006
last year. The customs make better
showing than last year by about $21 ,000,-
900. Last year the receipts from this
source amounted to nearly $132 ZOO, 0OO
and this year they approximate $3.50, O00,-
900. OF this amount sugar contributed
nine and one-half months during which
the 40 per cent. ad valorem duty has
been collected amounted to about 49,
$4,000 pounds of which AZ. 800, 900 pounds
was cane sugar and the remainder beet
Tomorrow's debt statement will show
an available cash balance of about $685.
100000. of which about slO7, 800, 900 is gold
reserve. This reserve will include pay
la OF lint
the statement will show a counterdebt
charge of only $31.170O00 in bonds, or
one-half of the whole amount issued
In explanation of this seeming error, 1T
is said, the formal transfer of the Lon
don half of the bonds has not yet been
made. The expenditures for July will
be exceptionally heavy; pensions and
interest alone are expected to amount
to $40, 000 900.
NATIONAL BANKS
During the fiscal year the number of
national banks in existence has de-
creased from S,775 to 1922. Forty -one
national banks have been organized
during the year, 60 have gone into vol
untary liquidation and SO have been
placed in the hands of receivers. The
national bank circulation has increased
$4,337, 791 from July IS. 1894, to May T.
1895. The loans and discounts of ma
tional banks have increased about $43-
OOO,OOO During the same time individual
deposits have decreased about $13,000,-
900. The lawful money reserve held by
banks shows an increase of enarly $751;
000, 900.
REVENUE SERVICE.
The year has been of unusual interest
and Importance to the United States
revenue cutter service. 1t has performed
special services of u conspicuous ma
ture. Among these are noted the search
for the Ivanhoe. supposed to have foun-
dered off Cape Flattery on the Pacific,
in which three of the vessels, viz, the
Grant, Rush and Corwin, Joined. In its
winter cruising operations. during the
unusually severe weather of last sea-
son, it rendered services to distressed
shipping of more than ordinary value
and Importance.
Six vessels have been manned and
fully equipped and dispatched to the
Boring sea to protect the seal herds
and the government interests in Alas
ka and the seal islands. Two steam
launches are being built for duty on
Puget sound and one for the lower Sa-
vannah river Contracts have been
steamers of upwards of 900 tons each,
which, when completed, will be the
finest vessels in the service Much new
legislation has been secured for the bet
terment of the service. law has been
secured, placing on permanent wait
ing orders" all officers of the service
who are permanently incapacitated to
perform the duties of their office" In
carrying into effect the provisions of
the law it is claimed the service has
been greatly benefited by the removal
from the active list of large number
of officers who, through no fault of
theirs, are no longer capable of per-
forming duty, and promoting younger
men to the vacancies thus created.
Measures have also been instituted look
ing to new appointments to again fill
the complement of officers of the line,
The report of the department of the
life-saving service states that during
last year the total number of disasters
to vessels at sea and on the great lakes
was about $780, OF these 257 were on
the Atlantic and Gulf coast, ITO on the
great lakes and 125 on the Pacific coast.
The property loss was estimated at
81 $4,000; of the persons on board the
vessels in distress only % were lost as
against 6S last year.
The records of the immigration bu-
reau show the number Of immigrants
who arrived in this country during the
year to be approximately 255,325, a de-
crease for the year of 30,3O4.
During the last IL months the officers
of the secret service have made more
arrests of counterfeiters than durinp
any other year in the history of the
service.
SPOKE ON THE LIBERATION or CUBA