Rensselaer Republican, Volume 16, Number 44, Rensselaer, Jasper County, 10 July 1884 — THE FISCAL YEAR. [ARTICLE]

THE FISCAL YEAR.

State of the National Finances at Its ' Close-Some Interesting Figures. Seduction in Revenue for the Past Year as Compared with Preceding Twelve Months. [Washington telegram.] —: ■ The Government fiscal year closed on the 30th ult., and the public debt statement shows a reduction of $101,000,000, against a reduction of $138,000,000 during the previous year ending June 30, 1883. An examination of the interest-bearing debt shows, however, that the oatual reduction during the year has been nearly $112,000,000, which represents a permanent annual saving in the interest account of over $3,250,000. The one hundred and twenty-eighth call for 3 per cent, bonds matured June 30, and the $10,000,000 thus called were taken from the column of bonded debt, which will explain the apparent discrepancy between the aggregate reduction given in the debt statement and the actual amount of reduction in bonded debt for the year as given in these

dispatches. i The goH coin and bullion fund is now nearly $205,000,000, an increase siaqe June 1 of about $3,000,000; while, however, this fund shows an increase of $3,4)00,000 for the month, there has beeu-'a decrease in the amount of gold owned by the Treasury of $4,300,000, the outstanding gold certificates having increased since June 1 $12,000,000. The amount of these certificates now outstanding <js over $71,000,000, and the amount of gold in the Treasury not covered by certificates, $133,729,914.

The number of silver dollars now on hand $135,560,916, an increase of nearly $3,000,000 for the month, and since July 1, 1883, of $23,646,897. The amount of silver certificates outstanding is $96,420,000, thus leaving the number of silver dollars not covered by Certificates over $39,000,000, an increase ’since June 1 of nearly $4,000,000. The available cash in the Treasury is $139,887,439, a falling off of $8,000,000 since June 1, 1883. During the month the national banks withdrew $6,000,000 in 3 per cent, bonds for redemption under the call, and deposited in their place $4,000,000 of higher rate bonds. The amount of bonds now held to secure national bank circulation is $334,000,000, against $357,000,000 one year ago, thus showing a withdrawal of bank circulation for the year of about $20,000,000. The contraction, however, in this portion of the circulating medium is more than compensated for in the increase of outstanding gold and silver certificates, during the past twelve months the increase in silver certificates having been nearly $24,000,000 and gold certificates over sll'ooo,ooo. The total receipts for the year were $348,000,000 against $398,000,000 for the preceding year, a difference of $50,000,000 in round numbers. During the discussion of the tariff bill in Congress it was estimated that the passage of the revenue bill then pending would work a reduction of about $70,000,000 per annum. The actual reduction in these two sources, as shown by figures reported to the Treasury Department, is a few thousand short of $42*000,000; the reduction in customs having been $19,000,000 and internal revenue $23,000,000. The following tyble shows receipts from all sources for the fiscal year compared with those for preceding fiscal year; 1884. 1883. Cu5t0m55195,827,291 $214,706,496 Internal revenue 122,004,499 144,720,369 Miscellaneous..... 30,086,944 38,860,716 ZT Total .$348466,734 $398,287,582 Expen di turesas follows: 1884. 1883. 0rdinary5134,915,689 $140,285,433 Pensions 56,008,995 66,012,573 Interest.. 54,578,894 | . I. .. ■' ■ ■ I I ■ ■!« T0ta1.5245,498,578 $265,408,187