Democratic Sentinel, Volume 9, Number 24, Rensselaer, Jasper County, 10 July 1885 — NATIONAL FINANCES. [ARTICLE]

NATIONAL FINANCES.

Decrease in the Public Debt for theYear Ending on the 30th of June, $65,500,000. The Balance in the Treasury Larger than a Year Ago, and No Bonds Called. The following is a recapitulation of thedebt statement issued on the Ist instant: Interest bearing debt— Bon Is at 4per cent $250,000,000Ponds at 4 per cent 731,719,850 Bonds at 3 per cent. 194,190,500 Refund ng certificates at 4 per cent.' 240,’600 Naw pension fund at 3 per cent . 14,000,000 Pacific Railroad bonds at 6 per cent 64,623,512 Principa151,260,774,462 Interest 12,925,629 TotaL.... $1,273,700,091 Debt on which interest has ceased sine • maturity— Princq al 4,100,995 Interest. 227,199 r .T < ’ tal --. $4,328,194 Debt bearing no Old demand and legal-tender notes. 346,738,966 Certificates of deposit 29.585 000 Gold certificates 126,729’730 Silver certificates 101,530,946 Fractional currency (less $8,375,934, estimate J as lest or destroyed)... 6,964,175. Pr ’ Df ? VI 611,548,817 Total debt— Principa151,876,424,275 Interest 13,152,828 T t „ 1,889,577,103 Less cash items available for reduction of the debts 263,666,023 Less reserve held for redemption of U. 8. notes 100,000,000 lotal debt less available cash / „ . lt8I “ 8 -v ••• 1,525,911.080. Net cash in the Treasury 40,676,930 Debt less cash in Treasury July „ L J BB . 5 ••••■• • • 1,485,234,149 Debt less cash m Treasury June 1, 1885 1,494.391,011 Decc ase of debt during the month as shown by this statement 9,156 851 Cash in the Treasury available for reduction of the debt— Gold held for gold certificates actually outstanding $126,729,730 Silver held for silver certificates actually outstanding 101,530,946 U. S. notes held for certificates of depcs t actually outstanding. 29,885,000 Cash held for matured debt and interest unpaid 5,817,061 Fractional currency.... 3,285 Total available for reduction of debt 263,666.023 Reserve fund held for redemption of U. S. notes, act July 12, 1882.. 100,000,000 Unavailable for reduction of the debt— Fractional silver coin $31,236,899 Minor coin 868,465 — 32,105,365 Certificates held as cash issued but not outstanding 52,164,110 Net cash balance on hand 40,676,930 Total cash in the Treasury as showtr by Treasurer's general account $488,612,429 Tho debt statement issued July 1 shows: Decrease of the public debt during the month of June (according to ths old form) $8,993,993 Decrease of debt since June 30,1884 . 63,494,704 Cash in the Treasury 488,612,429 Gold cert ficares outstanding 140,323,140 Silver certificates outstanding 139,901,646 Certificates of deposit outstanding. 29,785,000 Refunding certifica es outstanding. 240,600 Legil tenders outstanding .. 346,681,016 Fractional currency (not included in amount estimated as lost or destroyed) 6,964,175 [Note. —This is the final statement according to the old form. Hereafter the new form of debt statement will be the only one issued by the Treasury Department. J

Receipts and Expenditures. The following is a table of the receipts and expenditures of the Government for the month and fiscal year just closed: RECEIPTS. Since July Source. June, 1885. 1, 1884. Cast ms $13,926,358.07 $181,110,770.89 Interna! revenue. 9,319,898.13 112,569.324.37 Miscellaneous.... 3,910,579.35 28,910,680.88 T0ta1527,157,015.55 $322,590,776.14 Since July Source. June, 1884. 1, 1883. Cu5t0m5514,761,145.69 $195,067,489.76Internal revenue. 10,104,161.87 121,586,072.51 Miscellaneous.... 2,066,780.74 31,866,307.65 T0ta1526,932,088.3J $348,519,869.92EXPENDITURES. Since July Source. June, 1885. 1, 1884. Ordinarysll,636,Bß3.oß $153,005,194.14 Pensions 816,681.47 58,957,738.71 Interest 2,802,093.56 51,387,519,67 T0ta1515,255,658.11 $262,788,452.42: Since July Source. June, 1881. 1,1883. Ordinary $9,709,485.30 $813,444,637.79Pensions 3,555,328.27 55,429,228.06 Interest 2,851,300.33 54,578,378.48 T0ta1516,116,113.90 $244,126,244.34 Comparing the two fiscal years it will bd seen that the gross revenues show a falling off of $26,000,000. The expenditures show an increase of $18,500,000. The excess of receipts over expenditures in 1884 was $104,393,625. In 1885 it was $59,802,324. As compared with the previous year, the year just closed showed a falling off of $14,000,000 in customs, $9,000,000 in internal revenue, and nearly $3,000,000 from miscellaneous sources. The ordinary expenditures show an increase of nearly $19,000,000, pensions of about $3,000,000, and a reduction in interest of over $3, - 000,000. Last fall, when returns from one-fourth of the fiscal year of 1885 had been obtained, the Secretary of the Treasury estimated the customs receipts for the whole year at $185,000,000. They fall short of that nearly $4,000,000. He estimated the internal revenue receipts at $115,000,000, and they fall short of that $2,500,000. The net ordinary expenditures ■ of the government, including pensions and .interest, for the past six years, are as follows: 1880;5267,642,957 1881 260,712,887 1882 257,!)81,434 1883 '. 265,408.1391884 244,126,247 1885'. 262,788,452' The pension payments last year were larger than ever before, except in 1882 and 1883. In the latter year they exceeded $66,000,000. Two THOUSAND New Hampshire children have signed a temperance pledge, which is to be placed in the corner-storffe of the new government building at Concorcj. ’

"Gath” says Clara Morris is one of the most rapid readers living. It i§ reputed that she read the “Life and Letters of George Eliot” (three volumes) in one day.