UNITED STATES, FINANCES OF THE. 



767 



eral accounts of the treasury, and are there- 

 fore not included in the foregoing statements. 

 State of the Treasury. The gold coin and bull- 

 ion in the treasury increased during the year 

 $18,375,557.53 ; the silver coin and bullion 

 increased $18,296,310.51 ; the United States 

 notes increased $5,231,624.69; and the total 

 assets increased from $476,399,297.90 to $511,- 

 277,120.06, or a gain of $34,877,822.16. The 

 gold certificates actually outstanding increased 

 $12,072,181 ; the silver certificates outstanding 

 decreased $21,686,446; the legal-tender certifi- 



cates outstanding decreased $10,970,000, and 

 the total liabilities fell off from $435,859,368.- 

 26 to $411,934,972.31 ; showing a decrease of 

 $23,924,395.95, or a net gain of $58,802,218.11. 

 The gold coin on hand not represented by cer- 

 tificates decreased $2,831,405.60, and the silver 

 dollars not represented by certificates increased 

 from $31,636,954 to $72,538,725, a gain of $40,- 

 901,771, or nearly 130 per cent. The following 

 comparative statement shows the condition of 

 the treasury at the close of the years 1884 and 

 1885: 



The Public Debt. The following statement 

 shows the principal and interest of the na- 

 tional debt at the close of the years 1884 and 

 1885 : 



served that the total debt is $8,106,479.27 less; 

 the difference being due mainly to the pay- 

 ment of matured debt and to the decreased 

 issue of currency and silver certificates. 



The following table shows the changes in 

 the various denominations of United States le- 

 gal-tender notes in circulation during the years 

 1884 and 1885: 



No "calls" having been made for the re- 

 demption of interest-bearing bonds during the 

 year 1885, the amount of such bonds outstand- 

 ing is substantially the same as at the close 

 of the preceding year, although it will be ob- 



The National Banks. During the year ending 

 Nov. 1, 1885, 145 national banks, with an ag- 

 gregate capital of $16,938,000, to which $4,- 

 274,900 in circulating notes were issued, were 

 organized. Of these banks, 4, with $400,000 



