The Robesonian. [volume] (Lumberton, N.C.) 1870-current, 1897-04-28
Interesting Facts and Figures.
Ral.imore Sun.

Ral.imore Sun.
/ The monthly summary Of the
bureau of statistics of the Treas
ury Department, corrected to
January g." contains an interest
ing diagram to show 'the balance
in the Treasury at the end of each
month" from January, 1878, to
| Jaie 30, 1896, with the variations
| in the amounts of gold, green
backs, bank notes, certificates and
silver during that period. These
facts are especially interesting to|
persons who have been estimating
the money in the Treasury at the
beginning and end of Cleve-
land and Rarrison's administra-
tions and have found it difficult
! to get the exact figures. At the
beginning of Mr.. Cleveland's first
: administration, in March, 1888,
the cash balance in the Treasury,
we find, was 5000, 00O,000 and the
net gold in the Treasury, coin and
bullion, 1925, 100000. In March,
S 1880, when the Treasury was ham
ded over to Mr.. Harrison it con-
e tanned cash balance of $27O, OOO,-
900 and net gold, coin and bull
ion, $195, 100000. At the close
II of Mr.. Harrison's administration,
in March, 1898, the Treasury had
a cash balance of but 1920, 900, 900
and the net gold was down to a
, trife over $1O0,OOO,0O0 the
amount of the customary gold re-
" serve. In March, 1897, at the
, close of Mr.. Cleveland's second
term, he turned over to President
:. Mckinley a cash balance of $212,
! S37 ,225 and net gold to the amount
= of $3.50, 100000. By met gold
2 in each case is meant the amount
e of gold over and above the amount
. against which gold certificates
were outstanding. The leash
, balance" includes, it may be adj
, ded, the net gold.
- From these figures, which arc
- official-in diagram small sum!
- are, of course, not indicated-th'
general truth is gathered that a
the close of each administration
=, Mr.. Cleveland left the Treasury il
= better condition than he found i
: in. He left handsome surplus
- for his successors to spend, thougl
-, his predecessors did not Away
); treat him so. Much has beel
said of the amount of the publi
! debt Mr.. Harrison paid off, as i
&C that accounted for the lean condi
-. ton of the Treasury when he lief
IS office, but it is to be noted tina
&c however much Mr.. Harrison pai
.or off, Mr.. Cleveland paid off more
49,, At the close of Mr.. Cleveland
- first term the outstanding interest
=, bearing debt of the United State
10 was less by 1888, 100000 than
Nv was at the beginning, whereas tt
10 Understanding debt was dimir
i ishod but 1886, 900, 900 during NJ
Harrison term. Considerable
100 is to be given to the fact that
:, was very largely with Mr.. Clev
~ lands surplus that Mr.. Harrisc
49, made his payments. At the clos
law of Mr.. Harrison's term the Trea
20 ury was in great straits, thong
~, over $54 100000 had been take
from the national bank redemp
~ ion fund and 500, 900, 900 of subsi
~ larry coin-previously disregarde
~ in estimating assets-was by
~. change of bookkeeping credit
VIC to the balance of available cas-
Add to this that preparations h
been made by his Secretary of t
Treasury for issuing bonds wi
!. which to buy gold for the decli
" ing gold reserve. The cardin
sins of that administration We
it's increase of the permanent
men nual appropriations Guiding pc
and sions, and the enactment of t
That Sherman silver act asa long at
It of towards free coinage" The n
rom Kinley act,b y reducing reven7
ma while increasing taxation, is a
It is to blame for recent deficits, /
rich such deficits would hardly hs
,tive occurred without the Sherman
" of and the dependent pensions.
live -
eachI Hoodooed His Lawyer.
arm Fayetteville Observer.