The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-07-01
TREASURY DEFICIT
To-Day's Debt Statement Shows II to
Be $43,25O,OOO.
AVAILABLE CASH BALANCE
Only 4,722 National Banks-Slxty
Have Conc Into Voluntary
Liquidation This Year-Rev-
enue Gutter Service.

Washington. June 30-The treasury
deficit for the fiscal year just closed
will be found by tomorrow debt
statement to be approximately Si3,25O,-
900. This. added TO last years deficit
OF nearly $70000.0OO. makes the excess
of expenditures over the receipts since
June 30. 1898. about s1l3, 100000. The
total receipts OF the government this
fiscal year. exclusive OF postal reve-
nues, amount TO nearly s3l3,OOO. 900 and
the expenditures 1856. $4,000. of which
pensions took Si4l, ,S9l523. Last year the
aggregate receipts. exclusive of postal
revenues, We're $997. .72a, ,0la. and the ex-
penditures s367,525,279. The receipts
this year therefore were sl5.27s.000
larger than last, and the expenditures
about sl1.275,000 less. The postal sery-
ice deficit is about Sli 100000. which Is
considerably in excess of that OF any
recent year. The internal revenue de-
partment OF the government has con-
tributed this year to the receipts near
ly sii3,00o.000 as against little more
than STAT 100000 last year. The Gus
toms this year make a better showing
than last by about SCI 900, 900. Last year
the receipts from this source amount
cd to nearly $l32000.000. and this year
they approximate sl53.O00,o00 OF this
amount sugar contributed about $l7,-
$50. 900.
To-morrow's debt statement will
show an available cash balance Of
about sl95. 100000. of which about slo7.-
100000 is gold reserve. This reserve
will include payment I'm full for the last
bond issue. but this amount will show
a counter debt charge Of only SCI l.l70.-
700 in bonds. or one-half of the whole
amount issued. In explanation OF this
seeming error 1t Is said the formal
transfer of the London half of the
bonds has not yet been made. The ex-
penditures for July will be exceptional
ly heavy pensions and interest alone
are expected to amount to s2o,00o,00O.
During the fiscal year the number OF
national banks In existence has de-
creased from 3.I75 to 3,722. Forty-one
national banks have been organized
during the year, 90 have gone into vol
untary liquidation and Is have been
placed In the hands of receivers. The
national bank circulation has increased
si.3S779i. From July IS, 1894. to May
7. 1895. the loans and discounts of ma
tional banks have increased about A3,-
100000. During the same time individ-
| ual deposits have decreased about $lS.-
100000. The lawful money reserve held
| by the banks shows an increase OF
nearly s75.000.000
The year has been of unusual inter.
est and importance to the United
States revenue cutter service. 1t ha,
| performed special services Of con
spicuous nature. Among these ar,
noted the search for the Ivanhoe. sup
posed to have foundered off Cape Flat
terry on the Pacific. In which three of IN,
vessels. viz: Grant. Rush and Corwit
| Joined. In its winter cruising opera
tions. during the unusually sever,
weather of last season. 1t rcndere,
services to distressed shipping of NOR,
than ordinary value and Importance
Six vessels have been manned and full
ly equipped and dispatched to the Bcr
ing sea to protect the seal herds an,
the government interests in Alaska an,
the seal islands. Two steam launche
are being built for duty on the Puge
sound and one for the lower Savannah
river. Contracts have been awardc,
for the construction of new steamer
of upwards of 900 tons each. which
when completed will be the finest YES
sells in the service. Much new legisla
tion has been secured for the better
ment of the service. a law has bee
secured placing on permanent wait
ing orders" all officers Of the servic
who are permanently incapacitate
10 perform the duties of their office
In carrying into effect the provision
of a law 1t is claimed the service ha
been greatly benefited by the remova
from the active list Of a large numbc
Of officers who. through no fault o
theirs. are no longer capable of per
forming duty. and promoting younge
men to the vacancies thus created
Measures have also been institute
looking to new appointments to agai
I'LL the complement Of officers on tn
active list.
The reports for preparations for llfe
saving service shows that during las
year the total number of disasters I
vessels at sea and on the great lake
was about $50. or these 37s were o
the Atlantic and gulf coast, 40 on tn
great lakes and II on the Pacific. Tn
property loss Is estimated at 81, ,9ji, ,O0'
of the persons on board vessels in al.
tress only % were lost as against