Rensselaer Republican, Volume 17, Number 44, Rensselaer, Jasper County, 9 July 1885 — NATIONAL FINANCES. [ARTICLE]

NATIONAL FINANCES.

Decrease in ttj.e Public Debt for the Year Ending on the 30th of June, $65,500,000. i ■ ■The Balance in the Treasury Larger 7 than a Year Ago, and No Douds ■I f Called. 'The- following is a recapitulation of the debt statement issued on the Ist instant: Interest bearing debt— Bonds at 4% per cent............... $250,000/00 Bonds at 4 per cent. .v.~.~.v......; ;t." 737,719,850 Bonds at 3 per cent.. 194,19ii,50( Refunding certificates at 4 per cent. 240,G0, Navy pension fund at 3 per cent . ■ ■ 14,000,0-10 Pacific Railroad bonds at 6 per cent , 64,623,512 Principal $1,260,774,462 Interest 12,925,629 Total. ..j*.. $1,273,700,031 Debt on which interest has ceased since maturityPrincipal 4.100.995'' Interest. 227,199 Total $4,328,194 Debt bearing no interest — Old demand and legal-tender notes. 346,738,966 Certificate?of deposit ..... 29.585,000 Gold certificates..: 126,729,730 Silver certificates 101,530,946 Fractional currency (less $8,375,934, estimated as lost or destroyed)... 6,964,175 Principa1............... 611,548,817 Total debt— Principal $1,876,424,275 Interest 13,152,828 Less cash Items available for reduction of the debt $263,666,023 demption of U.S.notes 100,000,000 -< 363,666,023 Total debt less available cash items 1,525,911,080 Net cash in the Treasury 40,676,930 Debt less cash in Treasury July 1, 1885 1,485,234,149 Debt less cash in Treasury June 1,1885 1,494,391,011 Decrease of debt during the month as shown by this statement 9,156,851 Cash in the Treasury available lor reduction of the debt— Gold held for gold certificates actually . outstanding.......... $120,729,730 _ Silver held for silver certificates actually outstanding 101,530,946 U. S. notes held for certificates of deposit 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 c0in...... .868,465 ■■: ■ ■ ■ ■ • ■ Certificates held as cash issued but U not outstanding .. 52,164,11 Q Net cash balance on hand 40,676,930 Total cash in the Treasury as shown by Treasurer’s general account ;....$488,612,429 The debt statement issued July 1 shows: Decrease of the public debt during the month of June (according t 0.,. the old form) ' $8,993,993 Decrease of debt since June 30, 1884 . 63,494,704 Cash in the Treasury. 488,612,429 Gold certificates outstanding....... 140,323,140 Silver certificates outstanding 139,901,646 Certificates of deposit outstanding, 29,785,00) Refunding certifica'es outstanding. 240,600 Legal 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 df the receipts and expenditures of the Government for the month and fiscal year just closed: RECEIPTS. Since July Source. June, 1885. 1, 1884. Oust, ms $13,926,358.07 $181,11'0,770.89 Internal revenue. 9,319,898.13 112,569,324.37 Miscellaneous.... 3,910,579.35 28,910,680.88 Total.. $27,157,015.55 $3®,590,776.14 Since July Source. June, 1884. 1, 1883.' Customs $14,761,145.69 $195,067,489.76 Internal revenue. 10,104,161.87 121,586,072.51 Miscellaneous.... 2,0.66,780.74 31,866,307.65 Total $26,932,088.30 $348,519,869.92 EXPENDITURES. Since July Source. June, 1385. 1, 1884. Ordinary;sll,636,Bß3.oß ' $153,005,194.11 Pensions 816,681.47 58,957,738.71 Interest. 2,802,093.56 51,387,519.67 Total ...$15,255,058.11 $262,788,452.42 Since July Source. June, 1884. 1, 1883. 0rdinary......... $9,709,485.30 $813,444,637.79 Pensions.... 3,555,328.27 55,429,228.06 Interest .... 2,851,300.33 54,578,378.48 Total .$16,116,113.90 $244,126,244.34 Comparing the two fiscal years it will be 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 j one-fourth of the fiscal year of 1885 ijfcad 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.. , j....“... $267,642,957 1881.. 260,712,887 1882 257,1181,434 1883 265,408439 1884 244,126,247 1885 262,786,452 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-stone of the new government building at Concord. „ “Gath” says Clara Morris is one of the most rapid readers living. It is reported that she read the “Life and Letters of George Eliot” (three volumes) in one day. MonroE H. Corbin, cenlus-taker in Webster; Mass., has found one woman, forty years old, who. is the mother of nineteen children. Over ha’f the scholars in Manchester, N. H., deserted the school without leave to go to a circus. Walter F. Hengomb j has purchased the Albany (N. Y.) Express and become its manager. Vic® President Hendricks wore the worst hat seen at Harvard commencement