r.MTF.l) .sTATKS. FINANCES OP 'J 



-I 



Redemption of bund* ami notes for sinking 

 hind, tiickiilnir *. niluiiis $47,BM.!97 66 



Slin.ln old |M,I,> 



i lunik imti- ... ., 



-.if funded lnan.,1 l-'.'l , :* , NT conU). M,** 1 ' 



>* Of lUMMd 1MB Of 1007 (4 |..-r e.-nis, ...:- 



Pmnloau thervon 6,541,1m sa 



T" 1 * 1 $14,W7,(B6 48 



The ordinary ivcejpt> >h,,w n falling off dur- 

 Ingtheyearoi snui;*.;,:!;,.::! : ,| lns( . f r ,, m ,._ 

 toms, about $10,000,000 ; sales of lands, $,!,<< HI,. 

 1)0; profit on coinage of >ilv,r dollars, $3,000,- 

 Oi MI. while there was an increase in most of the 

 other MHirces. The ordinary exjienditiires show 

 an increase of $07,086,198.14. Of this, the prin- 

 cipal items of increase and their amount- 

 follows : 



Refund of direct taxes $11,621.497 



.cut to Importers, excess of <!ci>oslts. ;:. 



Debentures or drawbacks 1,988,880 



Kreiidi sp.iliai ion claims ] .. 



Kxp"ii>es of eleventh census ' .. 4)988,888 



Colleges for agriculture, etc. 1,081,000 



Salaries and expenses of I'nit. d Mali's courts 1,8981298 



Military estab i.-hiiicnt 4,187,226 



Nuval estal'li>hinent 4,107,6110 



Indian service 1819422 



PtoaloM . 1T,4T,OM 



Interest on public debt 1,447,851 



Debt. The only change of any note Jn the 

 bonded debt has been tin- redemption of the 4^- 

 per-cent. bonds. On June 30, 1890, there was 

 outstanding of these bonds $109,015,750. By the 

 terms of their issue, these bonds were redeem- 

 able at the pleasure of the United States after 

 Sept. 1, 1891. On April 1, 1891, the bonds 

 had been reduced, by redemption or purchases to 

 $53.854,250. of which about one half were depos- 

 ited with the Treasurer of the United States by 

 national banks, to secure circulation or deposits. 

 The Secretary of the Treasury therefore, to avoid 

 monetary disturbance, offered to the holders of 

 these bonds their choice of presenting them for 

 redemption with interest to Sept. 2. 1891, 

 or for continuance at the pleasure of the Govern- 

 ment, with interest at 2 per cent, per annum 

 after that date, ruder this proposal there has 

 been continued to December 31, 1891, the sum 

 of $25,364,500. On the remainder, interest 

 ceased Sept. 2, 1891, and the bonds have nearly 

 all been redeemed. The 2-per-trnt. continued 

 bonds are quoted in the market at par. though 

 payable at the option of the Government, a rate 

 of credit unequaled by any government in the 

 world and unprecedented in modern times. 



The following table shows amounts of debt at 

 dates mentioned, classified according to those 

 that have and those that have not equivalent re- 

 serves in cash : 



OBLIGATIONS HAVINO NO SPECIFIC Rl 



AUtXT CAH KECCKTB. 



9<ARACTnt or DOT. 



* Continaed at 2 per cent 



xxxi. 54 A 



Old loans matured, me 



. matured rota 

 .der ttMM (old laeurt. 



.iernoteio'fl- 



Drposits ofcuneocy tor ccrtlfl 

 catea. notes 



: 



Told 



l)i -iM.him of silver tor certlfl- 



catvs, silver dollar* 

 Matured Interest, coin 



The following table show- ii"tiofthe 



Treasury on the two dates namwl, the aawU 

 representing not only the liability for th<: gener- 

 al cash balance in the Treasury, but for amount* 

 due disbursing officers and certain agent-ie* cre- 

 ated by law, none of which are included in t he- 

 general treasury balance: 



ITEMS. 



and 



AHHttx : 



Gold coin anfl bullion 



Standard silver .dollars 

 bullion 



I'. S. notes (old Issue) 



I'. S. notes of 189(1 



Trade dollars, bullion 



National-bank notes 



National-bank deposits 



Oold certificates 



Silver certificates 



Bonds, Interest, checks, etc 



( urreiicy certificates 



Minor coins and fractional cur- 

 rency ; 



Fractional sliver coins . . . 



Total 



Liabtlitift: 



Gold certificates 



Silver certificates 



Note certificates 



t Treasury notes of I- 



Matured debt and interest 



I.V.lemption r. S. i, 

 Kc<lrni|>tlon national- banknotes 

 Public disbursing officers 

 Outstanding check* and drafts.. 

 Central Treasury balance 



D-.JI.ISHO. DM. n, on. 



88&^89,89$ 



.) n 



80,047,1 IS 



1,AC,S1A 

 U 

 M M 



tmjm 



4fl8.187.01T 

 12JIS.M6 



| .:, i 



$&& 



17!47s!0 



Jira 



81.1 



;-. 



7S1.49I.JS88 



-.! BM 



1MKOO.OM 



'67..'' : 



Total . 



> 



* 

 .-:.::. - 



: . . . . 



. 



. m - 



:. . 



: :.- : I 



Not stated. 



Coinage. There was coined in the 



mints dnriiiLT the li^-al ytar ending June 80, 

 ism. IP.I.:>;: ued as follows: 



tomtits* 



Oold 



Oliver dollars 



Subsidiary silver. 

 Minor coins. . .. 



Total ................................... |,l,lfi Cft 



the lart:e>t coinage in the hi.-iory of tho 

 mint in this country. 



I)urinu' tin- year there was ex 

 gold bars for gold coins >. JO. though 



under the net of Man-h :!. l-:'l. n .-lmrgi> was 

 imposed for such an exchan.--- ' ' If nl* for 

 one hundred dollar* in 

 gold from the I 

 \.-ar \v.,- ?-f..-Ji;2,btW, -f 



