People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1896-07-10
PUBLIC DEBT PILING UP.
INCREASE FOR JUNE AGGRE
GATES NEARLY So, 100000
Customs and Revenue Receipts
Fall far Short of the EST
mates Submitted.

leaves the true amount of the gold
reserve SOL, 408,759.
The Treasury statement of the
public debt issued yesterday shows
the public debt, less cash in the
Treasury, at the close of the fiscal
year, to have been $685., 297,254, an
increase for the month of 81, 820,S54
The debt is classified as follows: In
terest,bearing debt, $847,363,890;
debt on which interest has ceased
since maturity, $1,636,89O; dsbt
bearing no interest, $373,728,570,
total, 1922 729,350, which does
not include S547,11O,973 ia oerti-
fcates and treasury notes offset by an
equal amount of cash in the Treas.
ury. The Treasury cash is classified
as follows: Gold, $144,020, 1868; sill
yer, 1913, 598,713; papar, $178,371,-
62l; bonds, disbursing officers bal
ances, etc. $18,114,936, making a
total of 1858, 905,635, against which
there are demand liabilities amount
ing to S586,473,539, leaving a cash
balance in the Treasury of $685.
432,096.
The comparative statement of the
government receipts and expendi-
lures just issued by the Treasury
department, shows the total receipts
from all sources during the fiscal year
Just closed to have been $326,189,-
226, and the expenditures, 1852, 231,-
40, which leaves a deficit for the
year of $26,O42 244. Although there
there was surplus for June Of
50, 349,43O, it is expected that the
figures for July will show deficit of
at least $10,OOO,00O, and probably
more. The appropriations of 3d.
100000 for sugar bounty payments
is now available, and it is the expec-
ia .ion that all the claims will have
been settled and paid before the end
of the month. During July the pay
ments on account of interest, pen
sions, and naval appropriations viii!
be- exceptionally large, SO that the
deficit for the month is likely to be
above $10,000,000 rather than less.
THE FUTURE OFFERS NO ENCOURAGE
MENT.
The showing for the year is far
from satisfactory to the Treasury
officials, and, what is equally as dis
quoting, is the fact that the immedi-
ate future promises nothing better.
The receipts from internal revenue
during the year amounted to STAG,
5oS,264, nearly $11,5O0,0O0 less than
the Secretary's estimate sent to Con-
gress. The customs yielded $780,
534, 351, or 81, 1866, $40 less than the
Secretary's estimate. The total re
oeipts for the year, however, show a
gain of about $12, 100000 over 1895.
The customs increased about S.
100000, the internal revenues about
100000. The receipts from mis-.
cellaneous sources make up the bal
anee.
The pension payments during the
year amounted to $139,434,046, q
reduction of nearly 100000 from
last years payments.
The interest payments during the
year increased over 81, 250,000.
The records of the Treasury de-
partment show that the excess of ex-
penditures over receipts since January
l, 1893, aggregate $l4. ,635,123,
which is divided as follows: Last half
of fiscal year 1898, $1,984,396; fiscal
year 1894, $69,8O9, 26o; fiscal year
1895, $42,SO5, 1928; fiscal year 1896,
$26,O42,244.
The monthly statement of the
Comptroller of the Currency shows
that during June the total circulation
of national bank notes was 1925, 912,-
900, an increase for the year Of s14,-
312,262. The circulation based on
United States bonds was s. $685.
929, an increase for the year Of &c.,.
476,83l. The circulation secured by
lawful money amounted to $20,374,-
OBJ, decrease for the year of S5,-
164,569. The amount of United
States registered bonds on deposit to
secure circulating notes was $685.
1880, and to secure public deposits
$16,928,000.
The monthly statement of the
Director of the Mint shows that the