The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-11-30

tion;s Finances.
washington. Nov. I'D. N. Morgnn. the
treasurer Of the United States. IN his an
nuai report on the operations and condition
Of the treasury. says that the net ordinar,
revenues OF tho government for the 1scaI
year ended June 20. 1885. were ASIA. 80. o7b an
increase or 81. osS.955 as compared with thu
year before: net ordinary expenditures
t556. 1876 29s. decreasc OF 81. 52S.s6i. includ-
fnE the public debt. the Total receipts on ALI
accounts were $40 1865. and the cxpendi'
lures $40. AZ. 157. A further sum or $si. t57. :
100 was deposited In the treasury prior TO
the end OF June on account OF a purchase OF
gold coin TO maintain the reserve. but We
not formally covered in. and therefore does
not appear In the accounts for the current
fiscal year
AT the close OF business June 80, 1894. there
stood charged 10 the treasurer on the books
OF the department balance OF s765.5o6,b $40
Adding TO this the receipts for the year
from all sources gives 81 .0S2 i65 as he
total 20 be accounted for. and deducting the
expenditures leaves a balance OF S773. 6lo. 0os
June 30. 1895. In addition 10 this accounta-
biiity 10 the department the treasurer had
liabilities on other accounts which brought
the totals 70 SSOi 80, 755 and $Si2 lS9 on tho
two dates, Respectively. After setting aside
the amounts treated as unavailable. the
principal or which. s2S.lol.6lf deposited
villa tho states under the law OF 1856. there
the sum OF SSl2 c2i. ~ In 1895. for which there
were live assets In the several offices OF tho
treasury and mint and Ia the depository
banks. OF these balances the sums OF $780,
1880 and s57y. 2s7. S6S respectively. were on
deposit for tho redemption OF outstanding
certificates and treasury notes, leaving
$3.50. l5f.7s9 and $3.50 ISIS. $50. respectively. as
the balances on account OF the general
fund.
Aside from the variations IN tho total
-. n.
pendent upon the domestic production ard
consumption as well as the Import and ex-
ports OF the metal. the most important
change now going on In the com position ~
tho money supply arises. the report says
from the gradual retirement OF the TREAD
ury notes OF 1890. through their redemption
In silver dollars. BY this process, which boz
gan In August, 1885. and has continued
since. the total issue OF si55aSi. 002 OF these
notes was reduced by September 80. 1895. TO
&lis. 66g. 80 AS the reduction began before
the original issues In the purchase OF SILVER
bullion were discontinued, tho amount OF
the total cost OF the purchases was never
outstanding at any time. the highest point
ever reached being sos. 81, 2s0 on November
Ia. 1898.
Under the provisions OF an act OF con-
gress tho face value OF the state bonds and
stocks formerly held IA trust FOR the va
rious Indian tribes had been placed upon
the books OF the treasury TO the credit OF
tho several tribes. TO draw interest at tho
rate or 1--WE per cent per annum. and tho
securities have become the property or .he
United States.
uncurrent gold and silver coins OF the
face value OF ti.b7s.6H were transferred.
during the year. from the treasury 70 Tho
mint for recoinaRe. The loss thereon
arising from diminution OF weight was
s20i.l0. Up 10 the end OF September last the
sum OF yS26.7S0 in Columbian half dollars
had been exchanged for gold coin.
The amount OF national bank notes ,'e-
ceived for redemption was nearly So. 0O0.-
000 or which 81. 600 for circulation were
returned 10 the banks OF issue. Inclusive
OF charges for transportation. salaries. sta
tionery ana contingent expenses. the total
costs OF the redemptions for the year were
500. S52. which have been assessed upon tho
hanks at the rate or 81. 10 por 81. ooo-of notes
redeemed. The deposits on account OF the
reduction or retirement OF national bank
circulation amounted during the year 20
si2.0 l72. and the redemptions ON the same
account TO xi2. O6H. 619.