Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-05-30
FEDERAL TREASURY STATEMENT
""i"-bar Premium x'rcc Alcohol
Ecpcni-Sugnr Uounfx

WASHINGTON. May 29.--The Trea.
surys monthly statement will not be
issued until Monday next. and as to-
Inorrow-Decoration-D Day--is q legal holi-
uay, and an the executive departments
are closed. to-day ends the official month.
as Tar as receipts ard expenditures are
concerned
me iigures 70 be published next Monday
VIII show that during May the Treasury
statement will approximate as follows:
Receipts. $2i.5oo.ooO; expenditures. s27,sC0.-
WV deficit for May, S5.3o5.oo0: deficit fo-
eleven months. S25,C0O.0C0
The Treasury gold reserve. at the close
OF business to-day stood al SlO7 az f2f
The Withdrawals for the day were 81 80
~ m gold. and there was deposited I'm
gold by banks in exchange for currency
Orders were issued to-day bv Mint
director Preston reducing the premium
on gold bars taken from the Assay-Office
o. New YORK from 3-i6 TO Is per cent
This Lhis reduction is made as gold coin in
large quantities. has been taken for OK
port IN the last six weeks, and 10 keep
the gold-cOin stock I'm sufficient quantity
70 meet drain the bars on hand would
nave 10 be coined. The expense Of ccin-
ing the gold bars is more than equal TO
them
Revenue Commissioner Miller saws that
The action Of Congress repeating section
81 OF the tariff bill, providing for Free
acohoi used IN the arts and for medicinal
purposes, VIII have the effect of in
cfeasing the net revenue from internal
revenue sources fully $10010O00 per nn-
mum. There arc now pending suits
against the United states for xl5 Ce0 O0O
for alcohol used since the passage of Inc
Wilson tariff bill and which the Treasury
refused 10 refund. as provided by that
section The government has taken the
position that IL was impossible to draft
% -
feet. and at the same time 20 protect the
interests Of the Treasury. IN the mean
time. manufacturers Of medicinal com
pounds ana those who use alcohol in the
arts have been using duty-paid alcohol
and keeping their own accounts, and de-
mondlng a refund of the amount paid
which the Treasury has uniformly re-
fused 10 refund. alleging as a reason that
the Treasury had provided no regulations
10 determine the. quantity used. and
could not take unofficial or eX-parte state
meuts Of interested parties OF the quan-
tity OF alcohol so used.
The Treasury Department to-day began
the payment Of the sugar bounty under
the recent decision Of the Supreme Court
The claims now being paid are under tho
s23soo0 appropriation for accrued bounty
due at the time the bounty law was re-
pealed. There are 4500 Of this class Of
claims.
l.. NJ. Pipkin, Assistant United States
Coiner at The New orleans mint. has been
removed from office by United States
Mint-Director Preston for irreguarity.
Piplin has been employed in the mint
since 1881 The whereabouts Of Mr. Pin
kin are unknown. superintendent Cade.
of the New Orleans mint has been Sc
verelv reprimanded by Director Preston
for his lack OF promptness in report-
inC on the irregularities OF Pipkin. which
10 is said. date back. as far as Is now
known. 10 the beginning of May. SUPER
intendent Cade has been instructed To at
once lay before the United States Dis
trict Attorney all the information CON
nected with Mr.. Pipkin's irregularities
now In hie possession. This includes a
report hv the coiner OF the mint IN
which Pipkin's removal is recommended,
based on the result Of his personal OBJ
seryatiOns and Investigations