The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-03
Receipts Were $3o,O27,364 and Dis
bursements 500. 100. .9Os, Leaving q
Deficit OF S11,073, ,544.
DEBT INCREASED $6,79O,560
or THE CONTROLI,ER
AND DIRECTOR OF MINT.
Report from Admiral BeardsIee ON
the Situation at HOnOluIu-Swamp
Lands Decision.

WASHINGTON. Aug 2-The monthly
statement of the public debt issued to-day
shows that the debt less cash in the treas
ury at the close of business on July 81 was
$992, 446, ,G46, an increase during the month of
So $50, 800, which is accounted for by a cor
responding decrease in the cash in the
treasury. This decrease is in consequence OF
exceptionally heavy disbursements. The
debt, Independent of the cash, was de-
creased by $3.50, ,610. The debt is recapitulated
as follows:
Interest bearing debt ........ $S47. .S65. $40
Debt on which interest has
ceased since maturity ty........... 1885, $40
Debt bearing no interest.......... 377, .4S2
TOtal 81, ,225 463, ,l02
The above however does not include
$5SS51S, 953 in certificates and treasury notes
outstanding. which is Offset by an equal
amount of cash in the treasury. The cash
is classified as follows:
Gold. .......... S17S 044.577
SILVER 52l l34,l lS9
Bonds, dlsbursing Officers bal
anceS, etc., ........-.............. 1S 753, so
Total -. 1857 So, ,9s2
Against the above there are demand La
biliues outstanding amounting to $685., ,945, ,47e.
which leaves the net cash balance in the
treasury $233, ,016 1856.
The monthly comparative statement OF
the government receipts and expenditures
for the month of July shows the total re-
ceipts to have been $39, ,O27 1854 and the dis
bursements $50100 00,9OS, leaving the excess OF
expenditures over receipts $11,073,5 544 This
deficit is accounted for by abnorrnally
heavy expenditures incident to the begin
ming of the new fiscal year. AS compared
WITH 90
442, ,656, and the disbursements were in
creased by $27 166, PA. The following state
ment shows some of the more important
items OF unusual expenditure in excess OF
June payments, which became payable dur
ing July:
Monongahela river improvements. 49, 800, 900
tensions 1900. 900
Da6cency in osti ,,e, S93' Eoo
State agricultural colleges. ........... 12N,OO0
Bounty on sugar ..................... ], 100, 600
Rivers and harbors ................... l. 200, 900
Pay, subsistence, etc, for the army. 100000
AS compared with July 1896, the receipts
during the last month were increased by
about S10,000000 and the disbursements in
creased by about $S,0000 600. During the last
month the receipts from customs amounted
to $l6 966. SOL, an increase as compared with
July, 1896 of about 5000 O00 The internal
revenue during July last yielded $l9 767, S3l,
as compared with $l4 .532 for July, 1885,
The monthly statement of the controller
culation of national bank notes on July 81,
1897 was $3.50, 75S 1886, an increase as COM
pared with July 81, 1896, of $Sl6, ,4H and
a decrease as compared with June 80, 1897,
of $597, 100. The circulation based on United
States bonds was $206, ,498, ,956, an increase for
the year of $395,452 and decrease for the
month of $1S1, ,382. The circulation secured
by lawful money amounted to $24, $50, an
increase for the year of $4, 421 029, and de-
crease for the month of $406,0i The amount
of registered United States bonds on de-
posit to secure circulation notes was $780,
III 300 and to secure public deposits, $l6,-
$780, 500
The monthly statement issued by the d.
rector of the mint shows that during July,
1897 the coinage executed at the United
States mints amounted to $670850 as fol-
lows: Gold $S77 600 silver $26O.o0O; minor
lars were coined. 1t is stated how
ever, that there is no significance
in this fact All Of the mints were
closed from fifteen to twenty days during
July for repairs to the machinery and over
hauling and in consequence the coinage
was unusally light. Ia explanation Of the
fact that no standard dollars were coined
it is said the supply on hand Is sufficient
for all needs and further that the stock
of minor coins has run very low In order
to meet the present and prospective demands
OF trade the Taints We're occupied in coin
so continue through the month of August.
In addition there has accumulated large
stock of uncurrent subsidiary silver which
must be recOined as promptly as possible.
During the month of August the large ac-
cumulaton of gold bullion at San Francisco,
which now amounts to about 81 500 900, will
be worked OF as rapidly as the capacity OF
the mint will permit The coinage of stand
ard silver dollars probably will be resumed
about Sept. l.