| Show THE NATIONAL FI NANtES the national wealth anil its vast coinage tha treasurer of the united states the JEton james W hyatt has submitted to secretary his annual report of the operations of the treasury the net revenues of tho government for the fiscal year ended june were and the net expenditures the surplus receipts available for tho reduction of the public debt being over the year before As compared with 1887 the revenues were greater and the expenditures less the treasury balance increased during the year irom to and the total assets including certificates of deposit in cash from to the not change of in the balance was produced by an increase of in the assets and a decrease of in the liabilities the silver balance fell off more than there was a net decrease of during the fiscal year in the principal of the interest bear ing debt the total purchase of bonds for the sinking iund and out of surplus revenues were the net premium paid exclusive of accrued interest being the coinage of silver dollars during the year amounted to making the total coinage the increase of the net distribution was only owing to the scarcity of one dollar and two dollar notes and the the movement of crops nearly nine millions were drawn into circulation between may and november 1887 but when the notes were again to be had the dollars came back to the treasury as fast as they had gona out the treasurer is of tho opinion that the have all of these coins they want or are willing to take and recommends that if the purchases of silver are to continue the bullion be put in tho form of heavy bars of in gots arguing that the present supply of the dollars will ba sufficient for any demand there is likely to be for them arid that any increase to the certificate circulation could be based with perfect safety on the metal the new silver vault in the treasury building having a capacity of of the dollars and said to be the largest treasury vault in the world is being filled at the rate of a day it will hold the total coinage oi nage of three years but at the end of that period still further storage loom will probably have to be provided unless the coinage is suspended at the close of the year the treasurer held of united states bonds to secure national bank circulation to secure public moneys held in depository banks there was a decrease daring the year of in the amount of the former and an increase of in the amount of the latter there was of public money held by the banks an increase of the germ annual duty collected from the national banks amounted to making an aggregate of sir c the net proceeds of the annual bank notes redeemed during the year was the redemptions ons were greater than those of the preceding year in the face of a reduction of ii ui two year in the amount and in proportion to til circulation than those of every year save two since 1879 y |
