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ANNUAL REPORT
OF THE
STATE.OF THE FINANCES
THE
YE^R
1883.
WASHINGTON:
aOVERNMENT PKINTINa OFFICE.
1883.
3780 F
CU
TABLE OF CONTENTS.
Page.
I . — R E P O R T OF THE SECRETARY O F T H E T R E A S U R Y
Ill
Tables accompanying the report
Appendix accompanying tlie report
^^ .
1
61
I I . — R E P O R T S OF T R E A S U R Y OFFICERS :
t,
Auditor, First
Anditor, Second
Anditor, Third
Anditor, Fonrth
Anditor, Fifth
Anditor, Sixth
Commissioner of Cnstoms
Commissioner of Internal Reven ue
Comptroller, First
^.
Comptroller, Second
Comptroller of the CuiTency
Director of the Mint
Liabilities to Indian tribes
Register
Treasurer of the Uuited S t a t e s . . . .
•-
'.
'.
•
1
1
371
383
401
417
435
481^
363
IW
329^
355197
253
703
539>
48S)
^
T R E A SURY D E P A R T M E N T , ")
Document No. 466. >
Secretary's Office.
.)
HEIPORT
TREASURY
DEPARTMENT,
WasMngton, D. C, Decemher S, 1883.
S I R : I have the honor to submit the following report:
The ordinary revenues from all sources for the fiscal year ended June
30, 1883, were:
From customs
$214,706,496 93
From internal revenue
144,720,368 98
From sales of public lands
7, 955, 864 42
From tax on circulation and deposits of national banks.
9, 111, 008 85
From profits on coinage, bullion deposits, and assays..
4,460, 205 17
From customs fees, fines, penalties, &c
1,436, 236 34
From fees—consular, letters-patent, and lands
3,322,361 64
From repayment of interest by Pacific railway companies
1,556,866 90
From sinking-fund for Pacific railway companies
1,322,103 11
From deposits by individuals for surveying public
lands
1,221,611 76
From proceeds of sales of Government property
285, 055 02
From proceeds of sale of post-office property in ISTew
York city
648,694 82
From Indian trust-funds
121,000 00
From donations towards liquidating the public debt..
964,426 87
From Japanese indemnity fund.
1, 839, 533 99
From immigrant fund
231,476 50
From revenues of the District of Oolumbia
1, 970, 938 47
From miscellaneous sources
2,413,332 18
Total ordinary receipts
398,287,581 95
The ordinary expenditures for the same period were:
For civil expenses........
$22,343,285" 76
For foreign intercourse
2,419,275 24
For Indians...
7,362,590 34
Forpensions
66,012,573 64
111
IV
REPORT OF THE SECRETARY OF THE TRFASURY.
For the military establishment, including river and
harbor improvements and arsenals
$48, 911, 382 93
For the naval establishment, including vessels, machinery, and improvements at navy-yards
15,283,437 17
For miscellaneous expenditures, ineiuding public
buildings, light-houses, and collecting the revenue.. 40, 098,432 73
For expenditures on account of the District of Columbia
3,817,028 48
For interest on the public debt
,
59,160,131 25
Total ordinary expenditures
265,408,137 54
Leaving a surplus revenue of
132, 879,444 41
Which, with an amount drawn from the cash balance in the Treasury of
1,299,312 55
Making...
,
134,178,756 96
Was applied tp the redem]3tion—
"
Of bonds for the sinking-fund
44,850,700
Of fractional currency for the sinking-fund
46, 556
Of funded loan of 1881, continued at 3i per cent....
65,380, 250
Of loan of July and August, 1861, continued at 3 J
percent..!
:
20,594,600
Of fundedloan of 1907
1,418,850
Offanded loan of 1881,....
719,150
Of loan of February, 1861
18,000
Ofloanof July and August, 1861
266,600
Of loan of March, 1863
116,850
Ofloanof July, 1882
47,650
Of five-twenties of 1862
10,300
Offive-twentiesof 1864
7,050
Of five-twenties of 1865
•
9,600
Often-fortiesof 1864
133,550
Of consols of 1865
40,800
Of consols of 1867
235,700
Of consols of 1868
154,650
Of Oregon-war debt
5,450
Of refanding certificates
109,150
Of old demand, compound-interest, and other notes..
13, 300
Total
'"
00
96
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
134,178,756 96
REPORT OF THE SECRETARY OF THE TREASURY.
V
The requirements of the sinking-fund for the past fiscal year, including a balance of $461,309.15 from the preceding year, have been fally
met. It is estimated that the requirement for the present fiscal year
will be $45,816,741.07, of which there has been applied during the
first four months of the year the sum of $28,786,550.
Compared with the previous fiscal year, the receipts for 1883 have
in the following items decreased $15,172,048.38: In customs revenue,
$5,704,233.32; in internal revenue, $1,777,226.47; in direct tax,
$51,985.09; in premium on exchange and interest on deposits with
bankers in London, $37,772.99; in proceeds of sales of school-buildings, fire-engines, &c., in the District of Columbia, $97,174.81; in proceeds of sales of Government property, $29,904.83; in proceeds of sales
of railway material, $95,000; in proceeds of sales of ordnance material
and small stores, $247,112.27; in proceeds of sales of military reservations, $29,966.31; in proceeds of sales of products from experiments in
the manufacture of sugar, $789.35; in steamboat fees, $95,700.86; in
Indian trust funds, interest and premium, $5,893,074.55; in sales of
Indian lands, and interest on deferred payments, $193,649.73; in deposits by individuals for surveying public lands, $830,694.60; in reimbursement by national-bank redemption agency, $57,174.17; in Hot
Springs reservation, $23,880.76; and in depredations on public timber,
$6,708.27. There was an increase of $9,934,380.05, as follows: In
sales of public lands, $3,202,724.05; in revenues of the District of Columbia, $255,762.06; in tax on circulation and deposits of national
banks, $154,214.40; in repayment of interest by Pacific railway companies, $716,312.53; in sinking-fand for Pacific railway companies,
^$525,831.69; in consular fees, $125,029.61; in custom-house fees,
$28,661.74; in customs fines, penalties, and forfeitures, $28,945.94; in
customs emolument fees, $35,280.66; in raarine-hospital tax, $9,779.66;
in registers' and receivers' fees, $347,065.65; in fees on letters-patent,
$2.11,27 5.41; in profits on coinage, bullion deposits, and assays, $343,511.44;
in proceeds of Japanese indemnity fund, $1,839,533.99; in donations
towards liquidating the public debt, $964,426.87; in immigrant fund,
$231,476.50; in Soldiers' Home permanent fand, $65,623.54; in proceeds
of sale of post-office property in New York city, $648,694.82; in tax on
seal-skins, $409.50; and in miscellaneous items, $199,819.99; making a
net decrease in the receipts from all sources of $5,237,668.33.
The expenditures show an increase over the previous year of
$21,717,930.57, asfollows: In the War Department, $5,340,888.7.4; in
the ISTavy Department, $251,390.91; in Pensions, $4,667,379.69; and in
civil and miscellaneous, $11,458,271.23. There was a decrease of
REPORT
VI
OF T H E
SECRETARY
OF THE
TREASURY.
$14,291,232.60, as follows: In interest on the public debt, $11,917,075.54;
and for Indians, $2,374,157.06; making a net increase in the expenditures of $7,426,697.97.
FISCAL YEAR 1 8 8 4 .
For the present fiscal year the revenue, actual and estimated, is as
follows:
For the quarter For the remainended Septem- ing three quarber 30,1883.
ters ofthe year.
Source.
Actual.
From customs
i
From internal revenue
From sales of publiciands
Froni tax on circulation and deposits of National Banks
From repayment of interest and sinking-fund, Pacitic railway
companies.....
From customs fees, fines, penalties, &c
From fees—consular, letters-patent, and lands
From proceeds of sales of Governmeut property
Frcvm profits on coinage, &c...
From deposits for surveying public lands
From revenues of the District of Columbia
From miscellaneous sources
;
Total receipts....
Estimated.
$57,402,975 67
29,662,078 60
2,932,635 17
1,557,800 88
521,059
298,696
863,209
112,562
950,229
172,461
256,017
1,237,189
51
78
80
23
46
31
99
63
95,966,917 03
$137,597,024
90,337,921
5,067,364
1,542,199
33
4.0
83
12
1,478,940 49
901,303 22
2,436,790 20
167,437 77
3,149,770 54
327,538 69
1,643,982 01
2,382,810 37
247,033,082 97
The expenditures for tlie same period, actual and estimated, are:
For the quarter For the reraainended Septem- ing three quarber 30,1883.
ters ofthe year.
Object.
Actual..
For civil and miscellaneous expenses, including public buildFor Indians
For military establishment, including fortifications, river and
harbor improvements, and arsenals
For naval establishment, including vessels and machinery,
and improvements at navy-yards
Fc«.' interest on the public debt
. . .
. .
Total ordinary expenditures
Total receipts, actual and estimated
Total expenditures, actual and estimated
Estimated amount due the sinking-fund
Leaving a balance of.
....
Estimated.
$15,3&5,799 42
2,623,390 5-4
16,285,261 98
$51,114,200 5S
• 4,126,609 46.
53,714,738 02
13,512,204 33
26,487,795 67
4,199,299 69
1,138,836 41
14,797,297 96
12,300,700 31
2,611,163 59
39,702,702 04
67,942,090 33
190,057,909 67
$343, 000, 000 00
258, 000, 000 00
85, 000, 000 00
45, 816, 741 07
39,183,258 93
•^This estimate is based on information from the Pension Bureau of the Department oi
the Interior. I t should also be stated t h a t there is an unexpended balance of $39,000,000
of the appropriation for pensions for the fiscal year 1883, which was reappropriated by
Congress at its last session; t h a t Congress at the same time appropriated $86,000,000
for the fiscal year 1884; and that the Commissioner of Pensions sets the needs of his
Bnreau at |40,000,000 for t h e y e a r 1885; thus making $165,000,000 required by him
during the years 1884 and 1885.
REPORT OF THE SECRETARY OF THE TREASURY.
VII
FISOAL YEAR 1885.
The revenues of the fiscal year ending June 30, 1885, are thus estimated upon the basis of existing laws:
From custonis
$195,000,000 00
From internal revenue...
120,000,000 00
From sales of publiciands
8,000,000 00
From tax on circulation of national banks
3,000,000 00
From repayment of interest and sinking-fund. Pacific
railway companies
2,000,000 00
From customs fees, fines, penalties, &c
1,200,000 00
From fees—consular, letters-patent, and lands
3,300,000 00
From proceeds of sales of Government property......
300,000 00
From profits on coinage, &c
4,000,000 00
From deposits for surveying public lands
500,000 00
From revenues of the District of Columbia
1,900, 000 00
From miscellaneous sources
3, 800,000 00
Total estimated ordinary receipts.
343, 000, 000 00
The estimates of expenditures for the same period, received from the
several Executive Departments, are as follows:
Legislative
Executive
Judicial
Foreign intercourse
Military establishment
Kaval establishment
Indian Affairs.
Pensions^!^^
Public works—
Treasury Department
War Department
NTavy Department
Interior Department
Department of Justice
',
$4,434, 817
11,649,049
1,021,138
638, 608
16, 600
Postal Service
Miscellaneous
District of-Columbia
' >
10
55
00
75
41
38
91
00
17, 760,213
2,958,111
21,668,591
3,625,373
51
29
63
47
42
62
00
47
00
'.....'
"^See foot-note on page vi.
$3,234,085
18,403,277
^ 408,300
1, 569,601
27,136,152
22,747,751
8,466,809
40,000,000
VIII
R E P O R T OF T H E SECRETARY OF T H E
Permanent annual appropriations—
Interest on the public debt
$51, 500, 000
Sinking-fand
46,269,756
Eefunding—customs, internalrevenue, lands, &c
7,293,600
Collecting revenue from customs..
5, 500, 000
Miscellaneous
4,583,680
TREASURY.
00
95
00
00
00
$115,147, 036 95
Total estimated expenditures, including sinking-fund
283,125,304 95
Or, an estimated surplus of
•
59,874,695 05
Excluding the sinking-fund, the estimated expenditures will be
$236,855,548, showing an expected surplus of $106,144,452.
EXCHANGE OF THREE-AND-A-HALF PER CENT. CONTINUED BONDS INTO
T H R E E PER CENT. BONDS.
The exchange of 3 J per cent, bonds into 3 per cent, bonds, under the
authority of the eleventh section of the act of July 12, 1882, was resumed ISTovember 1, 1882, and continued until July 26, 1883. On this
last day a call was made for the remaining Si per cent, bonds then
outstanding, interest to cease ITovember 1, 1883, and holders were notified that such bonds would not be exchanged into 3 per cent, bonds.
The exchanges made prior to ISTovember 1, 1882,
amounted to
$259,370,500
Exchanges during the year, to
46, 210, 750
Making the aggregate of 3'J- per cents taken up and 3
per cents issued
305, 581, 250
The annual saving of interest effected by these exchanges amounts
to $1,527,906.25.
REDEMPTION OF UNITED STATES BONDS.
Three-and-a-half per cent honds.
On ISTovember 1, 1882, the outstanding bonds of the 5 per cent,
funded loan contiaued, bearing interest at the rate of 3J per cent.,
amounted to $155,356,350. These bonds were the only bonds then '' redeemable at the pleasure of the Government," because, bearing a higher
rate of interest th-an the 3 per cent, bonds, the latter could not be
redeemed untH the former had been, that being the terms 'of the law
under which the latter were issued. A portion of them had been
called, but had not then matured. As mentioned above, $46,210,750 of
REPORT OF THE SECRETARY OF THE TREASURY.
IX
the bo^ds "have been exchanged into 3 per cent, bonds upon requests
of the owners, leaving $109,145,600 available for the investment of the
surplus reyenues. Calls have been issued for the entire amount, and
the greater portion of the bonds have been redeemed and cancelled, the
annual saving of interest which will result therefrom being $3,820,096.
Three per cent, honds,
TJnder the provisions of the act of July 12, 1882, the 3 per cent,
bonds issued thereunder, and amounting to $305,581,250, became ^^redeemable at the pleasure o f t h e Government'^ on and affcer July 26,
1883, aU ^^redeemable" bonds bearing a higher rate of interest having
then been redeemed or called. Calls have been issued for $40,000,000
of such bonds, $30,000,000 of which will mature in the month of December, and $10,000,000 on the first day of February, 1884.
Japanese indemnity-fund honds.
In addition to the above, the bonds described below, held by the Department of State and forming what has been known as the ^^ Japanese
indemnity fund," have been cancelled and destroyed, as directed by
the act approved February 22, 1883, viz:
Funded loan of 1881, continued at 3^/ per cent
$368,100
Consolsof 1907,4per cent
1,418,850
Three per cent, loan of 1882
47,650
Total
1,834,600
The Joseph L, Lewis legacy.
There have also been cancelled and destroyed the following-described
interest-bearing bonds, which were bequeathed to the United States by
the late Joseph L. Lewis, and delivered to this Department by the executors of his estate, in accordance with the decree of the United States
court for the district of ISTew Jersey:
Loan of July and August, 1861, (3i per cent.)
$900,000
Funded loan of 1881, continued at 3 J per cent
50, 000
Three per cent, loanof 1882
4,600
Total.
954,600
The foUowing table shows in detail the redemptions and cancellations
of United States bonds during the twelve months ending October 31,
1883:
Bounty-land scrip, act of February 11,1847, (6 per cent.)..
$100
Seven-thirty notes of July 17, 1861
350
Seven-thirty notes of 1864-1865.
3,200
X
REPORT OF THE SECRETARY OF THE TREASURY.
Loan of Februaiy 8, 1861
Oregon-war debt
Five-twenties of February 25, 1862
Five-twenties of 1865, (May and E'ovember)
Ten-forties of 1864
Consolsof 1865
Consolsof 1867
,.
Consolsof 1868
Loan of July and August, 1861, (6 per cent.)
'Loan of March 3, 1863, (6 percent.)
Funded loan of 1881, (5 per cent.)
Loan of July and August, 1861, continued at 3i per cent..
Loan of March 3, 1863, continued at 3i per cent
Funded loan of 1881, continued at 3^ per cent
Consolsof 1907, (4 per cent.).
Loan of July 12, 1882, (3 per cent.)
Total
* $65,000
1,000
7, 000
10, 300
76,450
78,700
189,400
146,500
285, 500
87,000
421,650
2, 920,300
3, 747,150
103,365,150
1,418,850
52,250
112,875,850
The reduction in the annual interest charge by reason of these
•changes, to IsTovember 1, 1883, is as follows:
On bonds redeemed or interest ceased
On bonds exchanged into 3 per cent, bonds
$3,704,450 00
231, 053 75
Total.....
Deduct for interest on 4 per cent, bonds issued, &c
iS^et reduction
3,935,503 75
482 003,935,021 75
The following table shows the changes in the interest-bearing debt
during the year:
T i t l e of l o a n .
Issued
R a t e of in- O u t s t a n d i n g
terest.
N o v . 1,1882. d u r i u g t h e
. year.
[5 p . cent.,
F u n d e d l o a n of 1881.. < c o n t i n u ' d Ul55,356,350
I
l a t 31^ p . c .
L o a n of J u l y 12,1882. 3 p e r cent.. 259,370,500 $46,210,750
F u n d e d l o a n of 1891.. 4 > ^ p e r c t . . . 250,000,000
F u n d e d l o a n of 1907 4 p e r cent.. 738,929,600
1109,950
Refunding
certifi4 p e r cent..
423,750
cates
14,000,000
N a v y - p e n s i o n fund.. 3 p e r c e n t -
{
Total
1,418,080,200
46,320,700
Redeemed
during the
year.
Exchanged
into 3 per Outstanding:
c e n t , b o u d s . Oct. 31,1883.
'^$S09,950 1 ^16,210,750
103,365,150
52,250
.
1,418,850
305,529,000'
250,000,000
737,620,700'
325,850
14,000,000
g97,900
105,744,100
t$4,970,500'
46,210,750
1,312,446,050-
* Ceased to bear interest during the year, but not yet presented for paynient.
t Called, interest ceasing Noveraber 1, 1883.
J Of this issue, $12,050 was on account of accrued interest on $97,900 refunding certificates converted.
§ Redeemed by conversion into 4 per cent, bonds.
REPORT OF THE SECRETARY OF THE TREASURY.
XI
CONVERSION OF REFUNDING CERTIFICATES.
Since November 1, 1882, refanding certificates issued in 1879, under
the act of February 26, 1879, have been presented for conversion into
4 per cent, bonds as follows:
Principal
,. $97,900 00
Accrmed interest due
15,450 50
Total
For which settlement was made as follows:
Four per cent, bonds issued
Interest paid in cash
113,350 50
=======
$109,950 00
3,400 50
Total
113,350 50
The certificates still outstanding amount to $325,850.
STANDARD SILVER DOLLARS.
On November 1, 1883, under the act of February 28, 1878, there had
been a coinage of standard silver dollars amounting to $156,720,949^
there were in the Treasury at that date, $116,386,017 There were then
in circulation, and in the mints on account of profits on the coinage
not yet deposited in the Treasury, $40,334,932. There were in circulation on November 1, 1882, $35,383,786. The coinage between the
1st of November, 1882, and the same date in 1883 had increased
8,391,069; the amount in circulation for thesame time had increased
$4,136,321; thus keeping up the great disproportion between t h e
amount ready to be supplied and the demand for them, heretofore
noted in the reports of this Department. The silver doUars in the
Treasury on November 1, 1883, were held or stored at the places as
shown in the following table:
Statemeiit shoxving the amoxint of standard silver dollars and silver cex^tificates in the Treasury
ojjices, United States mints, and assay offices November 1, 1883.
In office of—
Treasurer U. S., Washington
Assistant treasurer U. S., Baltimore
Assistant treasurer U. S., New York,
Assistant treasurer U. S., P h i l a d e l p h i a . . .
Assistant treasurer U. S., B o s t o n .
Assistant treasurer U. S., C i n c i n n a t i
Assistaut treasurer U. S., C h i c a g o
Assistant treasurer U. S., St. L o u i s
Assistant treasurer U. S., N e w O r l e a n s . . .
Assistant treasurer U. S., S a n ' F r a n cisco..
M i n t U . S., Philadelphia
MintU. S., Carson
MintU. S., New Orleans
MintU. S., San Francisco
Assay office U. S., New York
Assay office U. S., Charlotte...
Assay office U. S , Helena..;...
In transit
,
I
Total.
Standard silver dollars.
Silver certificates.
729,121
754,202
410,000
516,500
755,196
881,500
862,400
202,400
793,497
298,000
109,Oil
176,749
725,222
095,677
8,589
4,500
2,853
$1,318,870
506,990
3,843,900
385,400>
335,490'
550,000333,000>
116,386,01.7
13,632,370
626, ooa
1,362,720>
4,270,000.
100,000
XII
REPORT OF THE SECRETARY OF THE TREASURY.
THE TRADE-DOLLAR.
Here I may speak of ''tlie trade-dollar,^^ the debased coin to which
attention has been drawn by public clamor and discussion. Doubtless
the legislative purpose in creating it, was to make a piece of money that
would find favor with Asiatic people, and not one for use at home.
That purpose was not made known, however, by the letter of the law
under which it issued from the Mint. The act of 1873, under which
the coinage of it began, has these words: ^^The silver coins of the
United States shall be a trade-dollar; a half-dollar, or fiffcy-cent piece;
a quarter-dollar, or twenty-five-cent piece,- a dime, or ten-cent piece."
The act further declares that the relative proportion of pure metal and
alloy in the trade-dollar, and the devices and legends upon it, shall be
the same as those of the other coins of the United States. That act,
and a later one of 1877, made it a crime to counterfeit any of our coins,
and, as the trade-dollar was declared to be a coin, made it a crime to
counterfeit it. The act of 1873 made the silver coins of the United
States, and hence the trade-dollars, a legal tender at their nominal
value for any amount not over five dollars. Thus the reading of the
laws taught the people that the trade-dollar was a coin of their Sovereignty, and for the redemption of which, at an unabated value, their
Government was bound. The real legislative purpose, is to be blindly
sought for in ti^adition or in the record of Congressional discussion,
and is indicated in the joint resolution' of 1876, which took away from
this coin the legal-tender quality of it, and held down the coinage of
it to the call for it for exportation. It is plain that a busy people, finding this coin afloat in the channels of business, styled a ooin of the
United States, would readily believe that it was an authentic issue of
the Government, and to be redeemed by the Government, the same as
other money put out by it. From time to time, however, as it suits
scheming men and the occasion fits, a hue and cry is raised against it,
it is discredited in the marts, and unwary holders suffer loss or inconvenience.
As it is a coin of the United States, having the image and superscription thereof, sanctioned as such by penalties upon the counterfeiting of
it, and once dignified as a legal tender in payment of debts and dues,
it should be restored to its first state, or called in at its nominal value
and melted. In the judgment of this Department, it should be thus
called in and melted. And why nof? First: It has been claimed officially that it did not go into home circulation, until affcer the passage of
the joint resolution above spoken of whereby the legal-tender quality of
it was taken from it. Hence, it is said, it is no duty to our people to re-
REPORT OF THE SECRETARY OF THE TREASURY.
XIII
deem it at more than the value of it as silver bullion. Secondly: On the
other hand, it is asserted that the aet of 1878 gave back to it the legaltender quality. That act declares that ^Hhere shall be coined * * ^silver dollars * * * of four hundred and twelve and one-half grains^
* * * which, with all silver dollars heretofore coined * * * 0/
nice weight and fineness, * * * shall be a legal tender * * *." As
the trade-dollar is greater in weight .and as great in fineness as the silver dollar thus authorized, and as the greater includes the less, it is
argued that the phrase '' of like weight andfineness^^ takes in the tradedollar, makes it again a legal tender for debts and dues, and that there
needs but a declaration thereof by this Department to put it in the same
rank and acceptability as the standard silver dollar, and so there is no
need of redeeming it. The firsti of these contentions is too technical
and close for use in dealing with so practical a matter, and one in which
the prime action and continued silent sufferance of the Government has
been so misleading. The second of these contentions is not well founded.
The phrase ^^ of like weight and fineness" may properly be said to take
in only silver dollars issued under the acts of 1792 and 1837. They
contained exactly the same amount of pure metal as the dollar authorized by the act of 1878, and had no distinctive name, such as the tradedollar. This Department has been and still is of the opinion that a
correct legal interpretation of that act, in connection with the joint
resolution of 1876, denies to the trade-dollar a legal-tender quality.
It is possible to make an estimate of the amount that would come to
the Treasury for redemption if authority were given therefor. The
whole issue of the coin has been $35,960,446. Some of that has disappeared in manufactured articles ] it is estimated from one to two millions. It is calculated that five-sixths thereof went abroad in the beginning, and it is believed that but a small part of that has come back^
and that there is now held by our people but from five to eight millionSo
Of that which remained abroad, there is good authority for saying that
much of it found its way from China to India, and into the meltingpot at the mint in Calcutta, and has been there cast into the coin of that
country. The overweight and value of the trade-dollar by the side of
the Mexican and Spanish dollar, with which it was co-current in China,
brought much of it to the crucible there. It is understood in business
circles, that in China silver coin is used by weight and not by count,
save in a few ports, where Mexican dollars and a few other coins are
taken by tale. It is the practice of Chinese bankers, sb it is reported,
to stamp with their own mark the coin which they take and pay out»
The coin thus defaced soon comes to the state and repute of bullion,
XIV
REPORT OF THE SECRETARY OF THE TREASURY.
and the presumption is that our trade-dollars have, many of them, been
so treated and so suffered.
Bear in mind, too, that from time.to time for some years past, until of
a comparatively late date, there has been inducement to reship this
coin from China hither, because it has been free in circulation in most
parts of the land, and for most of the time at a par with gold and silver
money. There is reason to believe, then, that besides the sum of it in
the hands of our own people, an embarrassing amount will not come
upon us from abroad.
A thorough and effective redemption of it can be brought about in
this way: Let authority be given by Congress to the Treasury Department to barter for trade-dollars at their nominal value, standard dollars
at their nominal value, and melting the trade-dollars to recoin them
into standard silver dollars, counting the trade-dollars got in this way
as a part of the silver bullion which the act of 1878 empowers and directs to be bought and coined monthly. Should the trade-dollars have
been so abraded in use as to have lost a material part of their original
weight, which is not much to be apprehended, a deduction might be
made from the price, and fractional payments made in subsidiary and
minor silver coin.
The agitation of this matter has led out some objections to the redemption above suggested. As the standard silver dollar, because of
its unlimited legal-tender quality, is equal in its faculty of domestic
purchase to the gold dollar, and to the Treasury note with its like
attributed legal-tender quality, it is said, that thus to enable the holders
of the trade-dollars to get for them standard dollars, would be to raise
the trade-dollars in iDopular esteem and in practical value to a par
with standard dollars, and thus to keep them afloat rather than to bring
them in, and thus, also, to swell the volume of legal-tender silver
money in circulation by so much as is the sum of the trade-dollars in
the hands of the people. This effect may be prevented by setting a
bound to the time during which the exchange may be made. If a law
authorizing the exchange should run but for a twelvemonth, holders
of the coin would make haste to rid themselves of it, and at the end of
the time little of it would be found at large, and that little would fall
back to its bullion value, and cease to disturb in the way apprehended.
It is not proposed to increase by this means the coinage of the
standard silver dollar, but as the trade-dollars are taken in to count
them as so much silver bullion, and make them meet by so much the
direction to buy silver bullion for dollar coinage.
Nor is the fear well grounded that there would be caused a large
influx of trade-dollars from abroad, to a cost to the Government in
REPORT OF THE SECRETARY OF THE TREASURY.
XV
the redemption, of more than the value of them as bullion. It has been
stated above that there is cause for belief that much which has gone
abroad has put off its character of a coin of the United States, and so
is not able in that guise to come back for exchange. If, however, a
serious apprehension is felt that it will return in embarrassing volume,
the time for the exchange might have a narrower limit, and instead of
a twelvemonth, a quarter of a year be the period fixed. This Department would rather see all the trade-dollars that are afloat anywhere,
brought in and made bullion of, even at a cost tothe Government, if thus
we may be rid of a discredited and debased coin-,but if this may not be, it
still will wish that those in the hands of our people be redeemed in the
mode recommended, with safeguards against foreign holders. If it be
urged that, whatever be the sum redeemed, there will be a loss to the
Treasury in recoining the trade-dollars as bullion into standard dollars,
rather than in i3ur chasing bullion in the market at ruling rates and coining
it under existing law, it may be answered that the excess of silver in the
one over that in the other will be nearly if not fally enough to pay the
cost of the manipulation; and again, that the seigniorage or profit now
got from buying bullion at, for example, 99i^ per standard ounce, and
issuing the same in nominal dollars, at the rate of, say, 116i^i- per standard ounce, is only a seeming total profit of the difference; for in the redemption of the coin, which must be looked for and provided for as to
sooner or later come, the Government must, as a rule, take it back at
the same nominal value at which it was put forth.
If it be apprehended that by the proposed exchange the sum of
the standard 'dollars will be enlarged, and more of them will be forced
into circulation to the inflation of the currency, the disturbance of the
relative bearing of executory contracts and the jostling of values, it is
to be said, that a desirable part of the plan suggested, guards from an
increase of the monthly purchase of silver bullion and of the coinage of
the standard dollar. That part is, that as the trade-dollar is taken
in for the standard dollar paid out, the former be counted as so much
silver bullion, and by so much abate from the purchase in the market
under the act of 1878. And if the receipt of the trade-dollars by the
exchange in any month shall be, when treated as bullion, more in sum
than would be a purchase of ITWO millions^ worth of bullion, then the
excess thereon can be carried forward from month to month, so far
as need be to keep within the direction of the act of 1878 for monthly
purchases. And this would be more or less likely to come into play
as the limit of time for redemption is shorter or longer. If, indeed,
DO limit of time was fixed, or it was made as long as a twelvemonth,
XVI
REPORT OF THE SECRETARY OF THE TREASURY.
this Department could be empowered to refase redemption in one month
of a sum more than enough to meet the requirement of that act, and
still make full redemption of all that is likely to be brought in therefor.
If it be said that much of this coin, discredited and practically
debased, is in the hands of speculators who have taken it at a discount,
and that they would profit by legislation which would increase the
actual value of it; while it may not be denied that lamentably this is
too far the case, still it is to be answered that such is the luck brought
by all debased coin when at last it is fairly redeemed. Speculators
will make by a depreciation and following appreciation. A law for a
fair redemption must have, with its good, the evil of helping some to
gain who ill deserve it. The fault is not much more with the speculative trader, than with the legislation that has given him the chance
for ignoble gain. His profit is a light incident, calling slightly for
attention, because of the great general good to come from calling in a
discredited coinage. Besides, leave this coin unredeemed, and by and
by, when public attention is at a luU again, it will be once more set
afloat at nominal value, to be in fulness of time once more discredited
and lowered in purchasing power to the harm of good people. Moreover, the information which I have from practical and reliable meai,
who are at the sources of knowledge on this head, is that those known
as tradesfolk, and most of the working people not in straits, uncompelled by necessity to part with the trade-dollar at a loss, have held it
during panics, looking and waiting for action by the Government; and
that the amount stored by brokers is a small part of what is in domestic
ownership, the larger part being held by those who took them at full
face for labor and in traffic in legitimate and honorable dealing. It is
best, once for all, to call it in and put it out of possible use.
This Department does not recommend that a legal-tender quality be
again given to the trade-dollar, to the sudden increase of the legitimate
silver money of the country, with the inconvenience and incongruity
of two dollars circulating together, of the same metal, of unequal real
value and of different devices, yet of equal value in payment of debts
and of purchase of property. It recommends that authority be given
for the redemption of the trade-dollar in the standard silver dollar,
dollar for dollar of nominal value, for the recoinage of the metal so
received into a standard silver dollar to accord with the law for that
coin, and for a reduction of the amount of silver bullion resulting from
the exchange from the quantity of bullion required to be got by monthly
purchases, for the purpose of coinage under the act of 1878. In the
judgment of this Department that legislation is safe, and is demanded
REPORT OF THE SECRETARY OF THE TREASURY.
XVII
by the character of this issue, and by the need of the people for relief
from the confusion and exposure to recurring loss caused by its presence in the monetary system of the country.
SILVER CERTIFICATES.
The amount of silver certificates outstanding November 1,
1883, was
,
:
,.
The amount outstanding at the same date in 1882 was....
There was held by the Treasury on the 1st of November,
1882
And on the same date in 1883
$99,579,141
73, 607, 710
7,987,260
14,244, 760
These figures show an increase of the silver certificates in the hands
of the people of $19,713,931. Figures given above show a like increase
of silver doltos of $4,136,32L
Yet it is apparent that any demand that is likely to arise for silver
dollars, or for the silver certificates based upon them, may be readily
met without further immediate coinage of the dollars or preparation
of the certificates for issue. It is also apparent that to keep up an aimless purchase of silver bullion, at the rate of over twenty-four millions of
dollars each year, is a needless use of public money and of the taxing
power to supply them, incurring a needless loss of the interest on the
sum thus expended, and the expense of the manipulation. Apart fi'om
any consideration of the policy underlying the coinage at all, of the
standard silver dollar, as now authorized, it would seem that an oi:>ei'ation of the Treasury and its mints, for which there is no immediate
call, might be at least temporarily saspended.
The Department makes no further comment ui3on these facts, but
refers to its last tAvo annual reports for its views upon the continued
coinage of silver dollars and the issue of silver certificcstes, and for its
recommendations thereuiDon.
GOLD CERTIFICATES.
Under the act of Congress of 1882, gold certificates have been prel^ared and have been issued as is shown in the following table:
Denominations.
20's
50's . ..
lOO's
5()0's
lOOO's
SOOO's
10,000's
^ .
Total
3780 F-
.
-
-n
.
-
.
R e a d y for
issue Nov.
1,1882.
Issued u p to
N o v . 1,1883.
$21,440,000
16,800,000
16,000,000
14,000,000
20,000,000
22,50Q, 000
85,000,000
$12, 9CA\ 000
10,200,000
9,700,000
9,250,000
14,000,000
10,000,000
30,000,000
195,740,000
96,U0,0OO
XVIII
REPORT OF THE SECRETARY OF THE TREASURY.
These are of two kinds, styled in the Department, the New York certificate and the Departmental certificate. The first is made payable by
its terms at New York city; the second is dated at Washington, D. C ,
but expresses in its terms no place of payment.
The following table shows the amount of gold certificates received
for issue, the amount issued, an3 to what offices, and the amount now
held in reserve:
G o l d certificates,
a c t J u l y 12,1882.
$20.
$50.
$100.
$500.
$1,000.
$5,000.
$10,000.
Total.
R e c e i v e d for i s s u e Dollars. DoUars. Dollars. Dollars. DoUars. DoUars. DoUars. Dollars:.
21,440,000 16,800,000 16,000,000 14,000,000 20,000,000 22,500,000 85,000,000 195,740,000'=>
t o N o v . 1,1883
I s s u e d t o N o v . 1,
1883:.
New York
10,560,000 9,000,000 6,900,000 5,250,000 6,000,000 10,000,000 30,000,000 77,-710,000'
San Francisco
240,000
600,000 2,000,000 4,000,000 8,000,000
Mv840,000"
1,300,000
1,-300,000'
Chicago
Philadelphia
240,000
200,000
400,000
m , 000 ••
Cincinnati
80,000
300,000
400,000
im,ooo'
540,000
100,000
Washington
64(:J^;00O='
'
12,960,000 10,200,000 9,700,000 9,250,000 14,000,000 10,000,000 30,000, OOo|96,110,000^
"
I n r e s e r v e N o v . 1,
1883:
New York
• 820,000 1,000,000 1,100,000 4,750,000 6,000,000 10,000,000 50,000,000 73,170,000'
8,160,000 5,600,000 5,200,000
Washington
2,500,000 5,000,000 26,460,000'
'
8,480,000 6,600,000 6,300,000 4,750,000 6,000,000 12,500,000 55,000,000 99,6.30,000
96,110,000
195,740, OCO
Aggregate
COINS AND COINAGE.
The coinage executed at the mints during the fiscal year was less in
value than in the year immediately preceding. Yet the continued demand for smaller denominations of coin for change, made an increase in
the number of pieces struck. It was eleven and a half millions over
that of any year since the organization of the Mint Bureau.
The description and value of the year's coinage are as follows:
Description.
tGold
.Silver
'Total
'
'
Pieces.
Value.
2,407,022
35,308,076
60,951,526
$35,936,927 50
28,835,470 15
1,428,307 16
98,666,624
66,200,704 81
Of the gold, $27,;526,i20 were coined into double-eagles, principally
at the mints on the Pacific coast, while the coinage at Philadelphia and
New Orleans was chiefly in eagles and half-eagles.
The coinage of silver consisted almost wholly of standard dollars, of
which $19^641^119 w.ere .coined at Philadelphia and New Orleans^ an^.
REPORT OF THE SECRETARY OF THE TREASURY.
XIX
u
but $8,470,000 at the Carson and San Francisco mints, the reason
therefor being that at the first two named mints the number issued
nearly equalled the coinage. The accumulations in the last two named,
and in the assistant treasurer's office at New York city, amounted to
over $40,000,000.
The demand for minor coins required the coinage and issue at the
Philadelphia mint of 20,455,488 of five-cent pieces and 40,467,400
bronze cents.
The deposits of gold bullion and coin for the last fiscal year were less
than those of the year immediately previous, owing to diminished imports. The total amount received and manipulated was $49,145,559.16
gold. There was of silver $38,612,594.89.
The purchases of silver for the coinage of the standard dollar were
25,432,490.27 standard ounces, at a cost of $25,577,327.58, averaging
$2,131,444 worth per month. The average cost was $1.117-f per ounce
fine, while the average New York price would have been $1.118-f per
ounce fine.
During the fiscal year, $619,198.90 in uncurrent silver coins were
transferred from the Treasury to the Mint for recoinage, the loss upon
which was $34,698.36. The nominal profits on the coinage of standard
dollars during the year were $3,701,331.78, and on fractional silver,
$9,160.24.
In addition to the coinage, the mints and assay offices made
$18,269,205.26 in gold bars and $8,050,602.10 in silver bars.. The value
of gold bars exchanged for gold coin at the New York assay office was
$5,173,965.22, and at Philadelphia, $187,541.07.
The coin circulation of the country on July 1, 1882, is estimated,
from the statistics of coinage and net imports of coin, to have been—
United States gold coin
United States silver coin
$500,882,185
199,573,360
Total....
700,455,545
These amounts were increased on the 30th of June last by coinage and
imports of coins to the following amounts:
United States gold coin
United States sHver coin
Tptal on 30th June, 1883.
$537,254,794
228,216,199
,.*.
765,470,993
XX
REPORT OF THE SECRETARY OF THE TREASURY.
There was a further increase by coinage and imports during the next
quarter of—
United States gold coin...
.'
$7,257,905
United States sHver coin
7,075,124
Total
14,333,029
The mints and assay offices held for coinage on the 1st of October,
$61,683,816 of gold bullion and $5,107,911 of silver bullion, making
the total ainount of United States coin and bullion avail able for coinage
on October 1—
United States gold coin
$544,512,699
United States gold bullion
61,683,816
United States silver coin
235,291,323
United States silver bullion
5,107,911
•
Total
846,595,749
Inquiries as to the production of th.e precious metals, a;nd their convsumption in coinage, the arts, and manufactures, and for the collection
of other monetary statistics of our own and foreign countries, have
been continued by the Mint Bureau, and much valuable information
thereon has been obtained and appears in the report of the Director.
While upon this subject, the Department recommends a revision and
amendment of the coinage laws. The minor coins are not what they
should be, either in appearance, in convenience, or in the ease with
which some may be distinguished from others by the sense of touch or
even that of sight. There is so much resemblance of some of small value
to some of greater value, that often holders or receivers confound them,
and mistake them for others, and loss is sustained. From time to time
there has been an increase by law of the devices upon them to an extent hindering the attainment of a good design. There can be improvement by a change of the metal of which some of them are to^ be made,
and by the discontinuance of some of denominations not needful for use.
The accumulation of standard silver dollars in the custody of this
Department at the date of its last annual report was such as to cause
serious inconvenience, actual and iDrospective, for the want of safe
storage-room. The vaults owned and hired by the Treasury are still
heavily taxed for room, and frequent transfers must be made, at risk
and cost. It is looked for that this ill will soon, in some measure, be
abated. The Department is making a vault in the Treasury building
at Washington, which will hold forty^-five millions of silver dollars, and
another at New Orleans, which will hold twenty-eight millions.
REPORT OF THE SECRETARY OF THE TREASURY.
XXI
NATIONAL BANKS.
The report of the Comptroller of the Currency shows that the
number of national banks in operation November 1, 1883, was 2,522,
an increase over all former years. The number of banks organized
daring the year is 261, the greatest number organized during ^ n j
year since 1865. They exist in every State and organized Territory of
the Union. The capital of the newly-organized banks is $28,654,350,
and the circulation $7,909,150, which is about one-fourth of the capital, showing t h a t t h e banks have taken advantage of section 8 of the
act of July 12, 1882, which authorizes banks of $150,000 capital and
under to be organized uj)on the deposit of bonds to the amount of onefourth of the capital. Eeturns made on October 2d of this year show
an aggregate national-bank capital of $509,699,787, an increase of
$26,595,574 duringtheyear; a surplus of $102,000,482; a circulation of
$314,931,575, and individual deposits of $1,049,437,700, both of which
are in decrease; loans of $1,303,450,790^ and specie of $107,817,983,
both of which are in increase. The corporate existence of 307 has
expired during the year, of which 273 have renewed it under the act
passed by the last Congress. Seventeen have been placed in liquidation
by vote of their shareholders, four have expired by limitation, and all
but two of these have been succeeded by new organizations in the same
localities, with new titles. These data show that the owners of capital,
desirous of investing it in the business of banking, are suited with the
national-bank sj^stem, and willing to continue or to organize anew
under it, when it can be done with a reasonable show of profit. The
corporate existence of 983 banks will expire during the next two years—
249 in 1884, and 734 in 1885.
The national banks hold, as security for circulation, $352,877,300 of
United States bonds, a reduction of $9,613,350 during the year. They
hold $201,327,750 of United States 3 per cent, bonds as a basis of
circulation. All of the latter are likely to be called for pa^^ment during
the next four or five years, unless the surjplus revenue of the country
i s diminished. There is little or no profit on circulation based upon 4 and
4 J per cent, bonds, at the present premiums therefor. A continued
Iiayment of the 3 per, cents will probably result in a large reduction of
the bank circulation, unless some counter stimulus is applied. Many
propositions have been made to that end.
The national-bank act, at first, provided for the issue of circulation
equal to 90 per cent, of the current market value, but not to exceed
the par value, of United States bonds bearing 6 per cent, interest;
and the subsequent act of March 3, 1865, limited the circulation to
XXII
REPORT OP THE SECRETARY OF THE TREASURY.
$345,000,000, to be issued in the same ratio to capital, upon 5 and 6 per
cent, bonds. Since then the rate of interest upon bonds, andthe profit
on circulation have decreased. With that decrease, the ratio of circulation issued upon the actual or market value of bonds has also decreased, until it is probable that, without helping legislation, loss,
instead of gain, will ensue from depositing bonds as security for circulation.
The holder of bonds can borrow money in the market upon them as
a pledge, at 95 per cent, upon their market value. There is a discrepancy
with this, in the requirement of the law that $90 only of circulation shall
be issued upon bonds, some of which have a market value of $122. This
asks a margin of $32.as security for circulation, instead of $10, as it was
at the start o f t h e system. The Comptroller says, that if from the
beginning, $100 of circulation had been issued upon $70 of bonds, no
loss would have accrued to holders of the bills of insolvent and failing
banks, though there might have been loss to general creditors, Avho
must have depended upon assets substituted for bonds released. The
aggregate capital of. the national banks which have failed during the
last twenty years was about twenty millions. If upon the bonds held
as security for the notes of those banks, circulation had been issued
for the full par value, and there had been a decline of 5 per cent, in the
value ofthe securities, still, the whole loss would not have exceeded one
million of dollars, which would have fallen upon creditors, and not
upon bill-holders, so long as the bonds were assets in the hands of a
receiver. Moreover, a gain accrues to the Government, by law, from
the non-redemption of national-bank notes. They have been in circulation for twenty years. The Comptroller estimates that from 1 to 1^
per cent., or for that period about $4,000,000, will never be brought in
for redemption. That sum will be in excess of any possible loss that
can threaten the Government from authorizing an issue of circulating
notes at 90 per cent, upon the market value of bonds deposited. By
law, if bonds held by .banks decline in value below the amount of circulation issued, the Comptroller may demand additional bonds or money
to equal the disparity. Moreover, all the assets of the banks, and the
individual liability of the stockholders, can be exhausted, before the
bill-holder or the Government suffers loss.
These remarks are prefatory to the recommendation I am about to
make, of a mode of keeping national-bank notes in circulation without
loss to the banks thereby, and with safety to the Government and. the
bill-holder. In all that I have to say, I assume that the nationalbank system is now adjudged to be a constitutional.creation of the legislative power, and that the country has acquiesced in it as such; that
/ l i S l P O S t ^ t ^TTHE SECRETARY OF THE TREASURY.
XXMl
Ut is looked upon with favor by the greater partof the people; and
'that there is almost a universal desire to continue the circulation of
'these notes, as a convenience and a benefit which it would irk us to be
without.
The public mind is naturally turned to the inquiry : How shall the
national-bank notes be kept in circulation; what shall be taken as a safe
foundation therefor, and yet be so low in price as that the banks can
afford to buy and deposit; or vdiat can be proposed which will give
to the banks safeguard against loss in taking and issuing circulating
notes'? I am not in favor of anything but the interest-bearing obligations of the United States Government. To go abroad for the securities of other States, is to go out of our political and judicial jurisdiction,
and subject ourselves to the hazards of their intestine commotion,, of
their international conflicts, of possible hostility to this country, and of
going before strange tribunals as, perhaps, an unwelcome suitor. The
sound policy of many of the States of the Union is, that trustees and
other like fiduciary persons, who are more immediately under the
i a n d and guidance of the sovereignty, shall not place their moneys in
.securities whose habitat is in other jurisdictions, not even in those of
rsister States. In as large degree is that a fitting policy in this great
matter. To rely upon the debfcs of the States, is to look to a basis
^ot much more permanent than that which the United States bonds
mow offer, and one which will call for scrutiny and investigation
not easily to be made, and which, if fully and fairly made, are likely
to excite jealousy and other ill feeling. To take the obligations of municipalities and other coriDorate bodies is of like impracticability and
result, and is also to rely upon the good faith, prudent conduct, and solvency of debtors, over whom the Government has but little, if any, direct and efficient control. To take security on real estate is to launch
on a sea of uncertainty and fraud that is sure to wreck the adventurer.
Other propositions have been made which are reducible to some of
these categories, and need not be specially considered. There are
other propositions, the vertebral idea of which is the creation of a new
form of public debt. A plausible one is, for the Government to offer a
new bond, of its own issue, at low rate of interest, to run a long period,
in exchange for its four per cents and four-and-a-half per cents, allowing such a rate of premium upon the latter, but lower than that at
present ruling, as would induce the holders to surrender them and take
the new; and to make this a security for bank circulation. I doubt
not that this is feasible. In that way, a holder of fours or four-and-ahalfs could capitalize the premium allowed on his bond, and draw
XXir
REI>0RT OF THE SECRETARY OF THE TREASURY.
interest at the new rate on that as well as on the principal, whereby there
would be an inducement to exchange, rather than to hold, or, in the
present difficulty of desirable reiiwestment, to sell. I am persuaded
from the official .experience of the last year, that capital is ready and
willing to take, at a low rate of interest, all the United States bonds fehat
can reasonably be issued, provided they be at long time of payment of
principal. The lower market value which they would have, upon their
first issue at least, would bring them within the range of profitable purchase by those who were not holding the fours and four-and-a-halfe with
Avhich to make exchange. On the other hand, the i)remium for exchange,
to be allowed by the Governinent, maybe put at such a figure, and still be
apt to induce exchange, as that by the time to be fixed for the redemption of the new bonds, the difference in the amount of interest reseryed
on the fours aoid four-and-a-halfs, and that paid on the new bpnds will
have equalled the amount of premium allowed in exchange. Should this
project be favorably considered, details can be furnished. Yet I am
so averse to recommending the creation of another or a different publi c debt, that as great as are, in my judgment, the advantages of the
national-bank circulation in safety, in uniformity of value everywhere,
and in other matters of convenience and confidence, I look upon such
project as 2bdernier resort I rather recommend, and so I d o , that the
internal-revenue tax upon circulation be taken off in whole or in part.
This is 1 per cent, per annum, and amounts to about three millions and a
quarter each year.
The privilege'of furnishing a circulation has.been, in the past,
a profit tp the banks; it has been, and is an expense to the Government to supervise the issue of it, and generally to take care of the national-bank system.. That privilege, like any franchise accorded by
Government, when of value to the especial recipient, is a legitimate
and preferable subject of taxation. The prime object of the taxation,
in the beginning, was to obtain a recompense to the Government for
its expenditure in behalf of the banks. It was laid upon this franchise
because of .the relation between the privilege and the Governmental expenditure. It was made larger than enough .for that particular purpose, because then the Government was in quest of subjects for taxation,
and the franchise of banking, and especially this one, was of value and
profit. But times have changed. The workings of the system, and the
relations of it to the business of the country, have changed with them.
It is now desirable for the community that the privilege should be continued and exercised. It is no longer, under, existing laws, so profitable
to the banks as that they all, or any, greatly wish to exercise it. Let us
REPORT OF THE SECRETARY OF THE TREASURY.
XXV
see, then, whether the Government can take off this tax and keep itself
recompensed. The tax yields annually about $3,000,000. The expense
of carrying on the Bureau of the Comptroller of the Currency was
last year $102,397.08. All other expenses, such as printing and furnishing notes and the like, were $141,363.90; of which $54,600 were for plates
which is to be reimbursed by the banks. The net expense to the Government was $189,160.98. The gain to the Government from the loss of
notes (as stated above) is at a low estimate $4,000,000 for every period of
twenty years, or $200,000 per year. Then the tax may be taken off
entirely, and the Government not be a loser. It may be taken off in part,
and the Government receive more by reason of this circulation than it
expends to keep it in existence. I am aware that this is a reduction of
taxation in favor of organized capital; what is taken off here must sooner
or later be in some degree taken in elsewhere for means to pay off the
public debt. I do not favor the relief of. capital to the burden of its
competitors, (if that phrase is allowable,) or of its helpers. Yet, if this
tax is not taken off by law, and thus the circulation kept in existence,
so expensive may it become to the banks to keep up their circulation,
that they may cease altogether to do so, for to do so is not compulsory
upon them; and in that case the tax ceases with the cessation of the circulation. . So that the alternative is presented of striking off the tax, and
thus obtaining a public accommodation, or of. keeping the law for the
tax upon the statute-book without product therefrom, and losing the
accommodation by the lack of a motive for furnishing it. In that view
the tax will cease, not from favor, but as a means of reaching a desirable end. It is to be considered, too, that in the States, this form of organized capital pays its share, sometimes more than its lawful share, of
State and municipal taxation. Still I would not make this recommendation here, did I npt, in another place herein, call attention to the need
of a reduction of the taxation resting upon the community in general.
I further recommend that this Department be authorized to allow to
the banks, circulation to the amount of 90 per cent., upon the average
market value for the twelve months prior to the deposit, of the United
States bonds deposited on security. Thus a bank would be enabled to
obtain circulation upon the premium it paid for bonds, as well as upon
the par value of them. Had United States bonds never risen above
par, no one would have doubted but that a note circulation, based upon
them at a ratio of 90 per cent., would have been amply secured. Why
should an.y one doubt that the same ratio on their market value will be
safe; the ratio of the circulation famished, to shift in amount to the
side of safety as the market value swings to and fro*? It is worthy.
:x:xvi
REPOliT d^ T H E SECSfi^ASif W fU^
^RElStfRf/
too, of consideration tv^hether the original requirement in the national'^
bank act of so large a deposit of $100 in bonds for $90 in circulating
notes was not, at that time, an expedient for forcing the bonds afloat,
as well as a provision for securing the Government and the bill-holder
against loss. It is a ratio of security furnished for circulation, without
precedent in banking systems, and in theory and experience beyond
the needs of the case. Comprehending this, it startles less to think of
furnishing the same ratio on the market value. For, affcer all, it is not
a new departure, so much as an assimilation, somewhat, of our system
to those accepted in the financial world. For greater caution, there
may be fixed a limit of value, above which the valuation of them for
adjusting a ratio shall not go. A collateral advantage, not only to the
banks but to community, is that an amount of banking assets laid
away in the premium paid for bonds would thereby be released and
brought into, active use. It is understood, as was before stated, that in
business circles United States bonds are taken as a good collateral up
to 95 per cent, of their market value at the time. To be sure, there
is the right reserved, in case of lowering fiuctuation in market value,
to demand an increase of security. There should the same powder be
given to this Department, and the difference of 5 per cent, in the business and Governmental margin, wiH counterbalance the nimbleness of
the individual creditor, greater than that of the public agent, in looking after change in market value and in calling for further security.
The statements above made show that there is little danger of ultimate loss to the Government or note-holder, upon a circulation based
upon the interest-bearing bonds of the United States, though taken as
security at a margin coming near to the current market value thereoi
Other details may be suggested if Congress shaU determine to give
relief to the bankers, and through them to the people, in this matter,
in the method proposed herein.
I think that a retrospect of the twenty-three years last past will descry two things: First: That the civil war could not have been carried
on and brought to a desirable result, had not the bpnds of the United States
been issued and found acceptation with moneyed men. Second: That
they would not have found that acceptation had it not been for the lead
and the effort of the national banks. Now, it has always been held a
prime quality of value in those bonds that they have, by law of the
United States, been exempt from taxation by State or municipality.
Such is the law of the creation of them. That law has effect when they
are in the hands of individuals and of many corporations, and there
they are invulnerable by such taxation; but when held by national
REPORT OF THE SECRETARY OF THE TREASURY.
XXVll
banks the law fails of its purpose. Though owned by the banks as a
part of their capital or their assets, and used by them in their business, even in their relations with the Government, State legislation has
found a way to reach them. It is roundabout and evasive, but it is
effectual. The stockholder of a national bank is made to pay a tax on
the value of his share in the capital and assets, though they consist
largely of the bonds of the United States. I submit that this is not
equal taxation, and that it is especially unjust and ungrateful in view
of the two statements of fact with which 1 began this paragraph. Legislation by Congress could forbid such exercise of taxing power, apd
thereby make the holding of United States bonds, and the use of them
for a basis of circulation, more desirable to the banks.
It is plain to him who has knowledge of the usage of the taxing officers of municipalities, and of the political divisions of States, that often
there is overvalue put ui)on the property of banks as compared with
that of the individual owner and of many corporations. It would
be difficult by Federal legislation to find a means of supervising and
preventing this unjust partiality, but there is a reason therein for such
relief, in other directions, as it is in the power of Congress to give.
There are collateral measures which will give aid to the banks without detriment elsewhere, and may be taken by them iri lieu of all, or in
aid of scant, profit on circulation. They may not now loan oh real estate,
or tak^ security thereon as collateral to a personal liability. This restriction might be removed. It has been suggested that the requirement
for a reserve might be removed or made less in amount. This is of
doubtful expediency. The injunction for a reserve is meant as a restraint on daring or negligent management, and as a safeguard against
forced suspension or the need of sharp contractions.
The further legislation by Congress at its last session, to stop the overcertification by the national ba-nks, of checks drawn upon them, has not
been kindly acquiesced in and observed. Directly or indirectly, it has
been disobeyed, or evasion of it sought. In one case, upon the facts reported by a bank examiner, a reference has been made to the Department of Justice, by this Department, for prosecution. An indictment
has been found against a teller. It will be tried in due course, when
there wiU be judicial interpretation of the act of Congress, a judicial
ruling upon the conduct deemed a violation of it, and a testing of the
temper of a jury summoned from a busy mercantile and money-dealing
vicinage.
The Comptroller's report shows that United States bonds are held,
too, by State banks, trust companies and savings-banks. The national
banks held on 1st November, 1883, as security for circulation and for
XXVIII REPORT OF THE SECRETARY OF THE TREASURY.
public deposits and other purposes, $380,088,350 of interest-bearing
bonds of the United States, which is $16,440,050 less than the amount
held on the same date of the previous year. Banking institutions, other
than national, held these bonds as follows: 754 State banks, in twentytwo States, $5,287,606; 34 trust companies, in five States, $17,437,990;
and 630 savings-banks, in fourteen States, $219,017,313—total,
$241,742,909; being $21,717,517 less than at the same date of the previous year. The total amount held by national and State banks, and
savings-banks, is $621,831,259, uearly one-half of the interest-bearing
funded debt.of the United States at that date, which was $1,273,475,450.
The maximum amount of circulation issued to 286 State banks, organized either under the safety-fund or free-banking systems of the
State of New York, was $50,754,514, and the amount of unredeemed
circulation in 1875 was $1,336,337, or 2.63 per cent, of the highest
amount issued. The greatest amount of circulation issued to 707 State
banks, in twelve States, including the State of New York, was
$114,671,346; the amount outstanding, $2,696,282, and the proportion
unredeemed, 2.4 per cent. The proportion of national-bank notes redeemed, is much greater than that of State-bank notes under the old
system. Of 40 natiohal banks which failed previous to 1876, having
a circulation of $6,415,934, the proportion unredeemed is 1.98 per cent.
Of 51 national banks in voluntary liquidation previous to 1870, having
a circuMion of $5,846,740, the percentage unredeemed was 1.42'per
cent.; of 38 banks that went into liquidation in 1870, 1B71, 18.72, having a circulation of $4,917,340, the proportion unredeemed was 1.50
per cent., and of the 76 banks in liquidation during the three following
years, having a circulation of $7,823,285, the percentage was 3.60 per
cent., while the proportion unredeemed in the whole of the 165 banks
above named, having a circulation of $18,587,365, was 2.36 per cent.
PUBLIC MONEYS.
The monetary transactions of the Government have been conducted
through the offices of the United States Treasurer, those of nine assist^
ant treasurers, and through one hundred and thirty-nine national-bank
depositories.
, •
.
The gross receipts of the Government, amounting during the fiscal
year, as shown by warrants, to $954,230,145.95, ($555,942,564 of which
were on account of loans,) were deposited as follows:
InIndependent-Treasuiy offices
In national-bank depositories
;
$809, 590,439 12
144, 639, 706 83
REPORT OF THE SECRETARY OF THE TREASURY.
XXIX
Several national-bank depositories have been discontinued during
the year, their services being no longer required, owing to the consolidation of the internal-revenue districts and the removal of the headquarters of the collectors to more distant points in the new districts;
but the gross number of depositories remains about the same, as it became necessary to establish several new ones at places in the West, for
the accommodation of public officers busied in that section.
The special examiriations of Independent-Treasury offices, by officers
of this Department, as required by law, are rendered more difficult and
dangerous each year by reason of the bulk of silver coins which has
accumulated in the vaiults of each office.
An amount of United States gold coin is receiyed every year in the
sub-treasury offices, which by abrasion in use has reached the least
tolerated weight, and therefore cannot be again paid out. There is no
liinit of tolerance for silver coin's, but a large number of them are redeemed each year under the provisions of the act approved June 9,
1879, which are unfit to be again paid out, being more or less mutilated
or defaced. These coins, gold arid silver, are carried in the cash at their
nominal value, but are unavailable until recoined. They cannot be
recoined without some loss. In order that this amount of coin be made
available^ it is recommended that a sufficient sum be appropriated
each year to pay for the cost of the recoinage of such coins.
No appropriation was made for the fiscal year 1884 for recoinage of
light-weight gold coins in the Treasury, as required by section 3512,
Eevised Statutes of the United States.
Itoffcen happens that counterfeits of, or altered or sweated. United
States coins, are offered to the officers charged with the receipt or disbursement of public money. These officers have a practice, not frowned
upon by this Department, to stamp, or otherwise mutilate, all such fraudulent semblances or defective coins, in analogy with the process, authorized
by the act of June 30, 1876, (chap. 156, sec. 5,) to be applied to fraudulent paper currency. If it be not in some fashion stigmatized, the false
token returns again and again to the officer, to be as often tested and rej ected, or goes abroad to the deception of the unwary. Of late, discontent has been shown by some holders of such metallic pieces, and
the power ofthe officers so to treat them has been questioned, in quarters
on which suspicion does not rest of evil-doing. It is recommended,
that to put the official usage beyond cavil, an act be passed akin to
that of 1876, which shall give power to those officers over fraudulent
coins or tokens, to break or stamp a false coin or token offered to them,
or otherwise make known by mark upon it, that it is not genuine.
xxx
REPORT OF. THE SECRETARY OF THE TREASURY.
That there is likely to be a continuing surplus in the Treasury over
the ordinary expenses of the Government, so long as the present revenue laws remain, is seen by those attentive to fiscal affairs. This has
called out propositions for the disposal of surplus of public moneys;
two of which may be noticed. One is, that the surplus be parcelled
out among the States of the Union. This, though it has been ingeniously argued, has not so approved itself to the common sense of the
people, as now to caH for elaborate statement of reasons why it should
not be adopted. The public sense is shrewd enough to see, that a debtor
owing a large sum, upon interest which he must pay at short intervals,
and some of the principal of which he may pay off whenever he pleases
and thus save interest, would not be deemed a good manager of affairs,
if he should give away, or loan on terms yielding no income and riot
likely to insure punctual repaymerit, the means which good luck pr
prudent conduct had put in his hands; and that it would be wiser for
him, with the cash he had, to extinguish so much as he could of the
debt against him. And the tJnited States has such means, and owes
such debts. It owes over a billion and a quarter of dollars, which is
running upon interest. It has the option to pay over three hundred
millions of the debt whenever it pleases. It inust pay the interest on
the principal unpaid, at short intervals. It is not good sense, nor is it
common prudence, to give away or loan its means, instead of using
them to pay the debts against it, while, because of its abundant prosperity, it is easy to do so. There is neither direct nor consequential
benefit to that body-politic, which is the United States, in the course
that is proposed. A surplus is in hand. No way to use it so well, so
directly and unerringly, as with it to pay off and take up that debt It
admits of no doubt thait thus the people of the Union are well served,
and their money so paid as to redound to their lasting advantage.
The ground upon which the proposition is based is, mainly, that of
the good to be done to the people of the several States in the relief
given to their financial straits and difficulties, whereby there may be
more largely and effectually carried on, within the States and by State
governments, enterprises purely domestic. This Department may not
now, make lengthy discussion of this topic, in tliis feature of it. In the
judgment of this Department, it is not a legitimate function of the Federal Government, to raise money by taxation to be donated to the States,
or to thus use money already raised in that way. Nor is this uttered
in ignorance or forgetfulness, of what men of inight in the affairs and
councils of the Union have heretofore done and said on this subject.
It is to be borne in mind, that they spoke and acted upon an existing
. REPORT OF THE SECRETARY OF THE TREASURY.
XXXI
surplus not needed for any public use then sanctioned bylaw; not upon
a prospective one to be avoided by legislation; and in view of the
temptation which that idle money, incapable of lawful use under any
existing law, held out for the broaching of new, and, in their judgment,
unwarranted, perhaps improvident. Governmental enterprises.
It is perhaps, enough for the present, that the payable debt of the
Union can take up all surplus now existing, or likely to arise for four
years to come.
Another proposition is, of a payment from the surplus to certain of the
States which have not had their faU proportion of money under the distribution act of 1836. This comes with dignity of presentation, inasmuch
as two powerful States of the Union, Yirginia and Arkansas, have serriously asked for such payment, making formal demand therefor. By
the terms of that act, the money in the Treasury on January 1, 1837^
over the sum of five milHons of dollars reserved, was to be deposited
with such of the States as would receive it on the conditions specified.
One of the conditions was, that the State should pledge its faith for the
safe-keeping of the moneys deposited, and repayraent, when required by
the Secretary of the Treasury forthe wants thereof. It is not needed that
there be made a minute analysis of the terms upon which, by the act, the
then exceptional and anomalous surplus in the Treasury was to be placed
with the States. It was not as a complete and lasting gift. It was as a
loan or deposit temporary in its nature, liable to a demand for a return
whenever the wants of the Federal Treasury needed a repayment
It is claimed that the transaction was a contract; that if the States
would take, the United States should deposit. And it is argued that
the States having consented to take, and having to an extent taken,
and having because thereof made financial arrangements by which
they were and still are bound and affected, it is incumbent upon the
United States, now that there is a surplus in its Treasury over the ordinary expenditures needed for carrying on the Government, that it
should make further deposit thereof, with the assenting States which
have not had their quota of the sum found in surplusage in 1837.
Be it so. CaU it a contract Yet there was another and a vital part of
that contract, that the States should r^pay, whenever the wants of the
Treasury forced it to call for repayment, ^ p ^ e there, then, those wants^?
I do not consider that this term ^^ wants '^rs to be interpreted as meaning destitution, or absolute, pressing need not to be otherwise met. I
conceive it to mean, that when the condition of the finances is such,
as that the Treasury must resort to more than usual rate and mode of
taxation, to get money for legitimate purposes of the Government, that
J}hen an exigency arises^ when it may fairlj b^ mid to have ^ ^ wants,'^
XXXII REPORT OF THE SECRETARY OF THE TREASURY.
within the meaning of that term in the act of 1836. Clearly, during the
years of civil war there was that exigency; clearly, the debt then made
and yet unpaid, and much- of the current yearly expenditure of the
Government, are an outcome of that exigency. It is not too much t;0
say, that during the civil war the United States might fairly have
demanded return of the deposit, for that the Treasury Avas in want, and
that now it might, if taxation were reduced within normal limits, have
just occasion so to demand it. If so with that surplus, some of which
has been so Ipng ago placed, with the States, a/o?^J^^or^ with that surplus
now with the United States, and asked for by these States. If the United
States be under contract, as is contended in behalf of those States^ to
make loan to them whenever a surplus arises, then are those States
as well under contract to repay when called upon so to do. It is
not too much to say, that it is such a fair and reasonable use of the
means of the Treasury, to apply them to current expenses and the payment of payable obligations, as that within the spirit and intention of
the act of 1836, the wants of the Treasury now, require the use and
application of this suri>lus to the puriDoses of the United States. It is
plain that if the United States doles out the surplus'at this hour, it may
demand repayment at the next hour. This would be but needless circuity of action. It is as just to all concerried, to keep hold of the
surplus in hand and apply it to the purposes of tlie Government. It
would be frivolous to do otherwise. It has been the practice of the
Department, and it seems to be a usage which should be adhered to.
The principle has been laid down and observed in it, that so much of the
surplus as has not already been placed with the S.tates, can be used for
the wants of the Treasury, and the fulfilment of the act of 1836 put off
to a more convenient season. Congress recognized the propriety of it
when, by act of Ocfcober 2, 1837, it postponed the placing with the
States of the fourth instalment of the deposit. If the United Sfcates
were bound as by contract to hand it over, and it was an indefensible
breach of the contract to do so, this act was ineffectual to cut off the
right of the States to have it; yet it had the effect of a direction and
authority from Congress tp this Department, and so was a recognition
ofthe i)rinciple above stated; ^\The Department of Justice in 1837, gave
the opinion that the instal^Hlts of surplus not already deposited with
the States, were subject to w u s e d for any necessary wants of the Treasury, though growing out of laws subsequently passed, when the execution of those laws could not with propriety be postponed, and there
were no other moneys applicable. It is, besides, to be implied from that
opinion, that the act of 1836 might be repealed by Congress, for it says
that sach laws must be considered, when the conditions had previ-
REPORT OF THE SECRETARY OF THE TREASURY. XXXIII
ously occurred, as impliedly repealing, pro tanto, the unexecuted part
ofthe distribution of the surplus revenue provided for in the deposit
act of June 23,1836. The Executive, in 1837, in a message to Congress,
held that if the morieys deposited were needed to defray existing appropriations, they could be recalled, and recommended that the fourth instalment should be withheld. By existing authority of law, tantariiount
to an existing appropriation, the Treasury Department is empowered
to use the existing or arising surplus to redeem the debt The Secretary of the Treasury, in 1837, in his report to Congress, recommended
fche withholding of the fourth instalment, asserting that it was not a
debt, but a mere temporary disposal of a surplus. Those views were
renewed in 1838. In J^he report from this Department in 1867 of receipts and expenditures, the balance in the Treasury on 30th June of
that year is stated to be $199,289,180.73, and there was included therein
the amounts deposited with the States, being $28,101,644.91. On January 28, 1861, the Secretary of the Treasury, in an official letter to the
chairman ofthe Committee on Ways and Means, treating ofthe public
debt and of the conditioii and resources of the Treasuiy, names the
deposits as an available resource, either by a recall of them or as a
pledge for the repayment of a loan.
For .these reasons, and foUowing in tlie practice of this Department,
payment to those States from the existing surplus has been withheld,
and will continue to be, until Congress directs another course.
CUSTOMS.
The revenue from customs for the fiscal year ending
June 30, 1882, was
$220,410,730 25
That for the last fiscal year was
214, 706,496 93
A decrease of.
5, 704, 233 32
There Avas a decrease in the value of dutiable imports of $11,575,583;
and in that of free goods of $3,808,692.
The duties collected at the port of New York during the last fiscal
year AVGre $147,082,333.23; at all other ports, $67,624,163.70.
This table gives the valueof imports entered for consumption during
the years ended June 30, 1882 and 1883, respectively:
1882.
n u liable
Free
-.:
Total
3780 F — = ^
1883.
$505,491,967
210,721,981
$493,916,384
•206,913,280 •
716,213,948
700,829,673
XXXIV REPORT OF THE SECRETARY OF THE TREASURY.
The following are the amounts of duty collected on the articles named
during these years:
1882.
1.
2:
3.
4.
5.
6.
Sugar, molasses, and confectionery..
Wool, and manufactures of.
Silk,.manufactures of
Iron and steel, and manufactures of
Cotton, manufactures of.
Wines and spirits and cordials
$4.9,207,279
29,2.53,016
22,633,137
24,175,547
12,227,103
6,771,483
$46,172, .378
32, .320,893
19,654,946
16,590,504
12,234,371
12,308,307
Charges of fraud and irregalarity in the administration of the law
enacted to carry out the treaty Avith Hawaii, so far as concerns the exemption of sugars from duty, having been made both in public bodies
and in the public prints, I api)ointed a commission of three trustworthy
persons, (one of whom was nominated by prominent representatiA=^es of
the sugar trade at NCAV York,) to go to San Francisco and Portland,
Oregon, and, if necessary, to the HaAvaiian Islands, to fully investigate
the matter. They Avere given the fullest latitude to examine into all
branches of the subject, and haA^^e executed the commission with intelligence, fidelity, and thoroughness.
Their report, which Avill be duly transmitted to Congress, fails to show
that such charges have any foundation. It tends strongly to prove, that
the character of the sugar imported from those Islands since the treaty
went into operation, is essentially the same as that which was imported
prior to the treaty, both as regards the grade of sugar admitted and its
country of origin; and that the treaty has been fairly executed. The statement in the report that the sugar interest is largely other than American,
has caUed forth from the HaAvaiian government a counter statement,
Avith a table showing that of $15,88^, 800 of assessed plantation property,
over $10,000,000 is owned by American citizens. This large interest,
it is claimed is groAvth from the treaty, and that it is profitable to the
OAvners, many of Avhom are residents in this country.
The industry, and the free market opened, have given rise to a trade,
in its nature and effects like our inter-State trade, covering a wide range
of articles affecting profitably the American farmer, grocer, and manufacturer of small articles of household and farm use, as wella^ the larger
manufactures in metals, and of machinery, and cottons. The expoits in
these commodities have so grown, that the trade of San Francisco with
the Hawaiian Islands is it3 third in importance, being ecju^Jled only by
REPORT OF THE SECRETARY OF THE TREASURY.
XXXV
that Avith Great Britain and China, and exceeding that Avith Mexico,
Australia, or British Columbia.*
Many of the articles of this trade, such as hay, grain, lumber, &c.,
are so bulky that they employ a shipping large in proportion to their
value, and much of this is American, t
.
The impetus given to Hawaiian inter-island commerce, hais also inured
to the benefit of Americans, in calling for coasting steamers and sailingvessels, which have been built in American ports.
The balance of trade growing from the earnings of American commerce—the commissions of merchants and bankers, and the profits of
American citizens—is believed to be in favor of this country; as the
course of exchange, as this Department is informed, is constantly against
the Hawaiian remitter, to the extent of from 1J to 2 per cent. To reconcile this with the statements of the values of exports from this country to Hawaii, and of the imports into this country from that, which
show an excess of imports, the fact must be weighed that the commodities landed there from here have an added value when they reach there,
from the cost of carriage which adheres to them. The carriage is by
American vessels mostly, and the cost of carriage earned by our citizens should be put to that side of the account.
The report of the commission shows that but for the free entry
awarded by the treaty, the revenue on the sugar imported would have
been about $3,000,000, computed at an average duty of $3.18 per 100
pounds. Yet there is a countervailing benefit to our dtizens. The
increase in value of Hawaiian sugar has been but $1.57 per 100 pounds.
As the sugar comes in free, it may not have been as strictly classified
as that on which duty is assessed. That the consumer has received some
benefit is thus shown, and this notion is confirmed by the market price
of sugar in San Francisco before and since the treaty, being an average
of l i cents per pound in favor of the consumer since the treaty. Thus
'^Export values of merchandise from San Fran.cisco, for the year 1882, to the foUowing
countries:
^
Great Britam
$29,695,342
China and Hong-Kong
4,149, 393
Hawaiian Islands
2, 556, 398
Mexico
2, 371, 548
Australia........
1, 645, 544
British Columbia
,
1,248,447
The above figures are taken from the ''San Francisco Journal of Commerce," annual
edition, January 31, 1883.
t ^KTumber of vessels built ih United States Pacific ports for coasting trade ofthe Islands:
Sailing-vessels, 25 ; steamers, 1 1 ; built in Atlantic ports for coasting, 1 steamer, of 1,000
tons; built in Atlantic ports for oceau service between San Francisco and Honolulu, 2
steamers, each 3,000 tons.
XXXVI REPORT OF THE SECRETARY OF THE TREASURY.
the loss in revenue is on a trade which might not exist but for this
beneficent operation of the treaty.
By an act of Congress passed August 5,1882, (chap. 389, sec. 5,) it was
made the duty of the Secretary of the Treasury, to include in his estimates to Conf ress, a statement specifying in detail the number and class
of officers and employes of every grade and nature, Avith the rate of compensation to each, that may, in his judgment, be necessary to properly
conduct the business of collecting the revenue, at each port of entry
in the United States, together with an estimate of the amounts required
for contiagent expenses at each of said ports, and for such additional expenses ofthe service as cannot be otherwise specifically provided for.
Assuming that the object of Congress in requiring this.report, was to
obtain estimates for specific appropriations to defray the expenses of
coUecting the revenue from customs in each district, so that there might
be a repeal of the present law providing a permanent annual appropriation for that purpose, I caused examinations to be made of the seyeral
districts, by officers of this Department, in conjunction with local officers
selected by collectors of customs.
As the result of these examinations, I had the honor to transmit to
Congress, on 5th February, 1883, schedules shoAving the number and
compensation of the employes recommended for each customs district
and each . port as then established. There have been some changes
since, of little comparative importance, in the number and location ot
officers. These schedules, amended to fit Avith changes, are again transmitted, and marked respectively No. 1 and No. 2. No. 1 (see Appendix,
page 81) shoAvs existing districts and ports as recommended by those
commissions, and the number and requisite compensation of officers and
employes in each, district and port. The aggregate amount of money required, as shown by that schedule, for the salaries of collectors and sui'veyors in all of the .then existing districts and ports, was $6,650,781.42
yearly. It was stated that those officers were variously compensated—
some by salaries, commissions, and fees, some by commissions and fees
only, some by salaries only—and that the amoant paid, was in some
cases too small to insure the constant service of competent men, and
that in others the salary and emoluments were excessive for the service
rendered. It was shoAvn that there are many districts in which no duties
have been collected for years, and others in Avhich the duties collected
are not sufficient to pay the cost of collection. The labors of the officers
in those districts are confined almost entirely to issuing documents to
vessels, collecting hospital tax and fees, and making up monthly and
quarterly returns to the Department, often of ^^no transactioiis,/'
REPORT OF THE SECRETARY OF THE TREASURY. XXXVH
Custom-house fees began with the act of March 2,1799. Itwas thought
that the customs service would be practically self-sustaining, and that
the burden of its maintenance should fall on those who had dealings
Avith it, with nominal salaries only, in addition to the fees. The system
has not been self-supporting. The aggregate amount of fees collected
is about $600, oop per annum; the annual cost of collecting the customs
revenue is over $6,000,000.
These fees are made up of small and annoying exactions from importers and ship-owners, difficult to collect, and invohdng much unprofitable clerical work in accounts. Besides that, the sum of them,
in instances, is so large as to compensate the officer beyond desert.
The adA^antage of fixed salaries is obAdous. An objectionable feature
of the present system is the temptation at small ports to obtain ^^additional compensation for storage'' under the bonded warehouse system.
Then, too, is the uncertainty of the amount of compensation. By the
act of June 22,1874, Congress recognized all this, and gave fixed salaries
to the officers of leading ports, but left others unchanged.
The oaths required to be taken before collectors upon entry of merchandise are, as a rule, formal. They cause inconvenience to importers by
compelling their personal attendance at the custom-house. They deter
not the dishonest from fraudulent entries. They add not to the secui*ity of entries by honorable merchants. A simple declaration by the
importer, attested by a notary, sanctioned by penalties, would prove a
relief to merchants, and be as safe.
There are useless customs districts, and nothing but local pride or
interest will disagree therefrom. There are twenty-two ports of eiitiy
at which not a dollar of duties has been collected for years, at different
times. There ai^e thirty-two ports of entry in which the year's collections from all sources have not equalled the year's expenses. These
had imiDortance when foreign trade was carried on in sailing-vessels,
and before the concentration of importations at large ports from regular
lines of ocean-steamers, and the present system of rapid inland transportation. The custom-houses in these districts are, however, kept up,
AAdth all the formalities.of activit3^, with deputies, inspectors, and clerks,
to make official returns to the accounting officers of the Treasury and
the Bureau of Statistics.
The consolidation of districts and diminution of ports of entry are
called fbr by sound business considerations, and may be accomplished
without increasing smuggling or Avithdrawing proper facilities for documenting vessels.
The issuing of papers to vessels and the collection of hospital-dues
maj' as well be done by subordinates, and the unproductive districts
XXXVIII REPORT OF THE SECRETARY OF THE TREASURY.
abolished, saving expense and promoting the efficiency of the service.
Owing to the inequalities in the present compensation of collectors and
surveyors, and to the nature of some of these offices, sinecure, almost,
it was found impracticable to adopt any uniform rule for fixing salaries
of collectors and surveyors under the present organization.
I was then, and am now, couAdnced, upon a careful consideration of
the subject, that districts should be consolidated, and the number thereof
©educed. The matter is of such importance, as bearing upon an economical conduct of public affairs, that I presume to present it in this annual
report, and to again offer my views and the facts and considerations
Avhich I think uphold them, and to renew the propositions which I
then made.
The statement herewith submitted, marked ^^A," (see Appendix,
page 111,) went with the letter, and exhibits the number at that time of
employes and expense for salaries in each district as now constituted,
and the estimated number of employes and expense for the districts as
it is proposed that Congress should authorize them. In these respects it
is near enough to a correct statement of' the existing state of things to
show it Avith closeness to accuracy. The number of officers and employes
in the existing districts as given by it is 4,255. The number thought to
be needed under the arrangement of districts proposed would be 4,054,
the reduction being mostly of those receiving the largest compensation.
The actual cost of the service in the districts for the fiscal
year ending June 30, 1882, is given as
$6,549,595 07
The estimate for the yearending June 30, 1884, with
the districts remaining as they are, is stated at
6,650, 781 42
The cost, if consolidation of districts as proposed is
made, is estimated at
6,148,855 00
These figures show that the consolidation would save in public expenses $501,926.42 over the estimate for 1883-'84, and $400,740.07
over the ascertained cost of the year 1882-'83.
The estimates submitted according to laAv by this Department for the fiscal year 1884-'85 call for an appropriation of
$5,500,000 00
In addition thereto is the amount to come from the provision of the
United States Pevised Statutes, section 3687, which makes a permanent
annual appropriation of $2,750,000 for the expenses of collecting the
revenue from customs for each half year, in addition to such sums as
may be received from fines, penalties, and forfeitures connected with
the customs, and fees paid into the Treasury by customs officers, and
from storage, cartage, drayage, labor, and services. In the year 1882 the
REPORT OF THE SECRETARY OF THE TREASURY.
XXXIX
ainount derived by the operation of this section increased the available
funds to the sum of $7,566,688.24; in 1883, to $7,953,329.51. These
figures are furnished to me from the Avarrant division of this Departlaent. If they err at all, it is that they are less, rather than more, than
they should be. Consolidation, according to the estimate above given,
is, in exxiense, less than this nearly $1,500,000.
Schedule No. 2 (see Appendix, page 61) shows in detail the number,
class, and pay of the officers for each of the proposed consolidated
districts.
The name of each district is made the same as that of the chief port in
it, thereby to save clerical labor at the customs offices and at the Department, and prevent the confusion among the unfamiliar arising from an
arbitrary christening, as that of the Port of Oswegatchie, N. Y., when
the chief port is Ogdensburg, N. Y. . The pay of keepers of bonded
Avarehouses has not been included in the estimates, because the number
of them depends upon the number of warehouses, which varies, they
being established or given up as it pleases the proprietors, who are required to reimburse the Government the stipend of the keepers. And
in connection herewith, it is recommended that the proper appropriation biUhave a clause appropriating the sum reimbursed therefor, and
for overtime and night service Avhen for benefit of consignees.
The plan outlined in schedule No. 2 is the result of much thought
and careful inquiry. A test in practice may show some imperfections,
and doubtless AviU. Alteration in the plan suggested, clearly in the
Avay of improA^ement, may, from time to time, be needful. In the event
of adoption of it by Congress, with the numbers and boundaries of districts fixed by enactment, the Executive could not apply an immediate
remedy to evils that practice might shoAv to exist. Hence, there may
be doubts whether a system unchangaeble, save by legislation, is the best
mode for a practicable as well as an economical administration of the
customs service. To forestall failure, the power could be given to the
President, to alter districts and designate or appoint officers thereto,
as is his power with internal-rcA^enue collection districts, by section 3141
of United States Eevised Statutes.
I further recommend a repeal of section 2648 of United States Eevised
Statutes, authorizing a charge for blanks by the collectors and surveyors
on the northern, northeastern, and northwestern frontiers, and of all
laws alloAving commissions, fees, and charges for storage.
I also recommend that, in lieu of present salaries, and all moieties
and perquisites, and commissions on disbursements, received by collectors, naval officers, and surveyors, there be an annual salary. To
prepare for an occasion requiring the change of any salary in the recess
XL
REPORT OF THE SECRETARY OF THE TREASURY.
of Congress, the law might provide that one, not beyond a maximum
named by law, inight be fixed by the President, to be reported to Congress at the next session after his action, subject to its. appro val or
change. I also recommend that section 3687, United States Eevised
Statutes, be repealed.
I send herewith maps, which show the customs districts as they are,
and as they would be if the consolidation herein proposed is effectuated.
The space within the blue lines is an existing district; that within the
red lines is a district as contemplated.
Schedule No. 2 also contains a draught of a bill (see Appendix, page
80) for carrying out this proposition and the general plan proposed.
In conclusion of this subject, I remark, that there are some considerations Avhich appear to militate Avith the feasibility and good results
of a consolidation. Two of them are these: There is a possibility that in
some of the districts where little revenue is taken, there might be much
smuggling but for the undemonstrative prcA^entive effect of the known
existence of officers, and the wholesome fear of detection thereby excited;
and that in such districts there are the papers of vessels to be vised and
approved, making needful the presence of customs officers at a conA^enient nearness. It is believed, however, that even if these are of
potency, it is not needfal that officers of other than lesser degree and
Avages be retained, Avho may be subordinate to a central sui)erior conA^eniently placed.; and I think that the biU proposed fulfy provides for
these contingencies.
The act approved March 3, 1883, entitled ^^An act to prevent the
imxiortation of adulterated and spurious teas," has been productive of
good^effects. It needs amendment in some particulars, to giA^e officers
fall power to achieve the results intended.
A draught of a bill to accomplish that end will be submitted for the
consideration of Congress.
The tariff'enacted March 3, 1883, Avhile it has given rise to some
troublesome questions of administration^ but fewer than AA^ere exjoected
from a new law of this kind, has simplified official Avork. The schedules
for cotton and silk fabrics are much plainer than those formerly existing
on the same subject. The mode adopted for collecting, duties on sugar
according to its saccharine strength seems to have given general satisfaction, and has removed the opportunity formerly existing for evading
the revenue by artificial coloring.
If there be legislation on the tariff at this session, ah improvement
might be made in the provision regarding third-class or carpet wools,
either by fixing one rate of duty for them, regardless of value, or by
REPORT OF THE SECRETARY OF THE TREASURY.
]"
'
^
'
i
:
1
'
^
I
j
1^
:
j
1
XLI
haviiig-- a broader contrast between the higher and lower classes. Now
the duty is tAvo and a half, or five, cents a pound, according as the value
of the wool is OA^er or under tweh^e cents a pound; and where the market
value is close to twelve cents, as it is how, the temi3tation is strong to
underAualue the wool, so as to bring it in at the lower rate of duty.
In connection hereAvith, it shpuld be said, that changes in the modes
of business have made undervaluations more frequent and difficult of
prevention. It is found that foreign manufacturers of, or wholesale
dealers in, many classes ofmerchandise, decline to sell or to furnish pricelists to American merchants. It turns out that those manufacturers or
dealers have established business houses, or agencies, or special consignees in this country, to Avhom they make.shipments exclusively. It
is suspected—it might be said that it is found out—that in many cases
the goods sent over to these representatiA^es are invoiced below their
actual A-alue abroad. There is no risk in this of mercantile loss to the
foreign consignor, as the interest is mutual of him and his representatiA^e; the latter i3ays not at the invoiced value, but accounts at the actual
selling price, in Avhich both have an interest. It is not easy for the Government appraiser to learn, in all cases, the real market value abroad,
for price-lists have been Avithheld, and actual sales are supplanted by this
process; and it is hard to maintain criminal or civil actions for fraud
against the consignee, for it is not easy to prove that he had a hand in
the fraudulent undervaluation. Legislation aimed at these practices is
needed.
Section 7 of the act repeals sections 2907 and 2908 of the United
States EcAdsed Statutes and section 14 of the act of June 22, 1874, and
forbids customs officers from finding the value of imported goods by an
estimation of the charges imposed by those sections, or of the value of
any coverings of any kind. It has caused much diversity of opinion i a
the interpretation of it, and much difficulty in application. What is
meant by these terms of the act—'' the usual and necessary sacks, crates,
boxes, or coA^ering of any kind"—h^is divers ansAversfrom the officials,
and is the cause of contention with importers. Should Congress touch /
the tariff act at this session, this matter will be worthy of its attention. /
The Secretary of the Treasury is required by section 4 of chapter 136/
of the laws of 1875, to give in his annual report to Congress a detailed
statement of the money refunded under any provisions of law for dutie'
erroneously received, together with copies of the rulings under whid
the refundings were made. It has been the practice of the Departmer
to submit the information in a separate communication. That practi
is folloAved this year.
/
REPORT
XLII
OF
THE
SECRETARY
OF
THE
TREASURY.
INTERISTAL REVENUE.
(^ /
From the various objects of taxation under the internal-revenue laAvs,,
as reported by the Commissioner of Internal Eevenue, the receipts for
the fiscal years ended June 30, 1882 and 1883, were as follows:
Piscal year ended J u n e 30—
Objects of taxation.
1882.
Distilled spirits
Tobacco
,
Fermented liquors
Banks and bankers
,..
Adhesive stamps:
Bank-checks
....;
Friction-matches
Patent medicines, «fcc..
;
Penalties
....
Collections not otherwise provided for .
Total
$69,873,408 18
47,391,988 91
16,153,920 42
5,253,458 47
2,318,455
3,272,-258
1,978,395
199,830
81,559
,
14
00
56
04
00
146,523,273 72
S74,368,775
42,104,249
16,900,615
3,748,994
20
79
81
60
1,946,272
2,920,545
2,186,236
305,803
71,852
10
20
16
57
43
144,553,344 86
The increase of revenue froixi spirits during the last fiscal year was
$4,495,367.02; from fermented liquors was $746,695.39; the decrease
from tobacco, $5,287,739.12; and from banks and bankers, $1,504,463.87.
The total decrease of internal revenue from all sources up to June 30,
1883, was $1,969,928.86. These figures differ somewhat from the
amounts actually covered into the Treasury, as shown onthe first page
of this report.
The cost of collecting the internal revenue for the fiscal year was
$5,113,734.88. The estimated cost for the same work for the current
year is $4,999,190.
The following statement shows the number and amount of claims
presented for rebate of taxes on tobacco, snuff, cigars, and cigarettes,
under the provisions of section 4 of the act of March 3, 1883, and the
present condition of the claims:
Whole number of claims presented.....
46,859
Amount of rebate claimed
$3,725,913 97
Number of claims aUowed and forwarded tq Fifth Auditor
.Number of claims rejected
:.....
p^umberreturned for amendment...
Total....
...........:....
43,729
56
3,074
46,859
mount of claims aUowed and forwarded to Fifth AudW
. . ,.
..;................. $3,524,167 22
.\
•
•
-Af^">
REPORT OF THE SECRETARY OF THE TREASURY.
Amount of claims rejected
XLIII
$1,787 48
Amount returned for amendment
199,959 27
Total........
3,725,913 97
Manufacturers' claims, 846; amounting to.
$137,576 94
Dealers' claims, 46,013; amounting to
....'..
3,588,337 03
Total.......
3,725,913 97
The claims of manufacturers have all been aUowed.
The claims rejected and claims returned for amendment are claims
of dealers.
No appropriation haAdng been made for the payment of the claims of
dealers for the rebate, the attention of Congress is respectfully called
to the subj ect. It AVUI be seen that the sum required to pay the claims of
dealers which have not been rej ected (viz., 45,957 claims) is $3,586,549.55.
PRODUCTION OF SPIRITS.
\.
. ,
The quantity of spirits produced and deposited in distillery warehouses during the fiscal year ended June 30, 1883, is less than the production of 1882 by 31,839,853, and of 1881 by 43,714,842 gallons.
The decrease in production ofthe fiscal year 1883, as compared Avith
that of the fiscal year 1882, is distributed among the different kinds
known to the trade, as follows:
Decrease in production of—
GaUons.
Bourben whiskey..
20,913,422
Eye whiskey
4,440,123
Alcohol
:.......
4,482,965
Oin
.....;.
23,366
HighAvines
,
2,260,428
Miscellaneous
,
241,385
N
.
—r-
•
Total decrease
Increase in production of—'
^^^
Pure neutral or cologne spirits
Total
Net decrease
,,.,
32,361,689
^
,
97,876
423,960
521,836
31,839,853
i ^ ^
MAP No. 2
CUSTOMS COLLECTION DISTRICTS
with their respective
P O R T S OF E N T R Y A N D DELIVERY
S t a t u t e Miles
TREASURY
DEPARTMENT
Lf RTPlP.lf]
Washington.
I). C.
October
[EWYOBH
Note
New Bjtanswicl
teu/n Point
PORTS'OF
DELIVERY.
ikraberton
P E N N S Y L V A N 1A
....
(Qamdi
I Ph&LcbcLelphXst>.
•hiladeljfhi
DELAWAR E
Salem
Havrcde Gra<
+
iizabetl
Che,st£
SrurwJUU.McL--..
Potorrva^O
Pcrrtsnoyal'
FreoierCdhsbvuyTv
Yeooomtoo.
Yorktowri'--SvufirolK—SmvthflelcL
'ABHINGTO,
Nottingham
Lo\4er Marlboipugh
:omac
lenedicti
i
Fredericksbui^h®*
Yeocomii
.ichmor
Yorkto
Smithfield
,ca.pk
HE
frtsraoui
Afe
r c~
T i m H e l i o t . v j i e P r i n t i n g Co- B u r > l o i i
A /be mar/
in
Worth
included.
District
Carolina
MAP No. 3
CUSTOMS COLLECTION DISTRICTS
with their respective
PORTS OF ENTRY AND DELIVERY
XLIV
REPORT O F T H E SECRETARY O F T H E
TREASURY.
There were remaining in distillery warehouses on the 30th of June,
1883, and the 30th of June, 1882, respectively, distiUed spirits as foUows:
Gallons.
June 30, 1883.
80,499,993
June 30, 1882
89,962,645
There should, under the present law, come out of bonded warehouse
and pay tax, distilled spirits as follows:
Gallons.
By June 6, 1884
By July 6, 1884
26,104,531
3,495,512
Total
29,600,043
On which the tax would be $26,640,038.70. The whole quantity in
bonded warehouses to coine out, and pay tax by July 6, 1§86, is
80,499,993 gallons, at a tax of 90 cents per gallon.
This has some bearing on the probable amount of surplus revenue,
should there be legislation affecting the payment or postponement of
that tax.
The Commissioner of Internal Eevenue recommends that the limitation to prosecutions for violations of internal-revenue laws be niade two
years in all cases, subject to the exceptions usual in statutes. The information of his bureau is, that in nearly all proceedings instituted after
two years, the accused is acquitted.
He calls attention to the use of alcoholic vapor in the manufacture of
vinegar. He suggests the need of legislation preventive of frauds
therein. That which seems the best, is to subject the manufacturers to
the sarde regulations which are made by law for the distillers of spirits,
so far as they may be applied. His report speaks of the direct taxes
levied under the act of August 5, 1861, and of the doubts which have
arisen whether the internal revenue have operation in the Indian Territory. These matters are of such importance as to be especiaUy: commended to the early attention of Congress. It is worthy, too, of consideration whether amnesty should not be given to a class of offenders
against the internal-revenue laws, which wUl be intelligibly indicated by
the phrase ^^moonshiners," excepting, however, all cases in which disobedience of the law has nin to violent opposition to the enforcement
of it.
REDUCTION OF TAXATION.
.
The only United States bonds which are now payable at the pleasure
of the Government are the three per cents, being $305,529,000; those
which next become redeemable are the $250,000,000 of four-and-a-half
I.
REPORT OF THE SECRETARY OF THE TREASURY.
XLV
per cents, on September 1, 1891. The $737,620,700 of four per cents
and the $325,850 of refunding certificates are redeemable July 1, 1907.
The estimates for the fiscal year ending June 30,1884, show a surplus
revenue of $85,000,000 per annum. This is enough to pay all the three
per cents in about three and one-half years, and before the close of the
fiscal year ending June 30,1887. This surplus kept up for the four succeeding years, to. September 1, 1891, would be more than $350,000,000,
or $100,000,000 more than enough to pay all the bonds then falling due.
The same annual surplus until July 1, 1907, Avould amount, Avith the
$100,000,000 left after paying the four-and-a-half per cents, to about
$1,460,000,000, while the whole amount of the debt then redeemable is
less than $740,000,000. The estimated surplus of $85,060,000 a year
would pay the whole amount of the interest-bearing debt in about fifteen
years. The only authority possessed by the Treasury whereby it can
restore to business the surplus moneys thus accumulated, is that given to
the Secretary by the act of March 3, 1881, by which he may at any time
apply the surplus money in the Treasury not otherwise appropriated,
to the purchase or redemption of United States bonds. This can now
be done to other than the three per cents only by the payment of a large
and increasing premium thereupon. And when it is considered that
nearly one-half of the interest-bearing debt of the United States is held
by national banks, Statebanks, savings-banks, and trust companies, and
much other bf it by private trustees and other persons acting in fiduciary
capacity, who have no wish to surrender these securities, the difficulty
of acting under the proAdsion cited is manifest. Moreover, it cannot be
assumed that the estimated surplus for the current and next years under
existing laws, will remain at the same rate in succeeding years. The
increasing population and swelling business of the country will add to,
rather than take from, the amount of the surplus as now estimated,
while the decrease of interest on the public debt, and probably of the
amount disbursed by the pension bureau, as arrears of pensions are
paid off, should diminish expenditures.
As a general principle, the good of the people requires that a public
debt should be paid as soon as it may be without greatly onerous taxation,
or disturbance of business interests which have been fostered, perhaps
stimulated, by provisions of law once expedient. Though of the public
debt resting upon us, it is to be considered that the object for which it
was in the main incurred, was the good of coming generations, as well
as of that which incurred it, and that it is not unjust to them that, reaping a measure ofthe benefits it purchased, they should bear their share
of the burden of payment. But as our interest-bearing public debt is
XLVI
REPORT OF THE SECRETARY OF THE TREASURY.
over one billion and a quarter of dollars, ($1,312,446,050 in exact figures,)
and about $250,000,000 and about $740,000,000 of it beyond our reach for
payment, for about eight years and twenty-four years, respectively, and
may not be brought in by purchase, save at heavy rates of preinium, even
if it can by paying those rates, there is forced upon our attention the question, how shall a heaped-up surplus of public money be avoided? The |
discussion of this question in former reports of this Department admits I
of but one consistent answer from it now; the vicAvs therein expressed I
have not been given up. There ought to be a reduction of taxation.
j
In connection hercAvith, it is proper to call attention to the statutes /
providing for a sinking-fand.
I
By the statutes re-enacted in sections 3694 and 3696 of United States:
Eevised Statutes, it is provided that the coin paid for duties o^ij^mported goods shall be set apart as a special fund to be applied, mrst, ;
to payment in coin of the interest on the bonds and notes of the United '
States; second, to the purchase or payment of one per cent, of the
entire debt of the United States, to be made Avithin each fiscal year, >
and, in addition thereto, an application to the payment of the public
debt of an amount equal to the interest on all bonds belonging to the
sinking-fund, as the Secretary of the Treasury shall from time to tkae
direct. This obligation to regard the coin received for duties on
imported goods, as a pledge for the graduai,l extinction of the national
debt has been observed by this Department, and an account kept of the
amounts applied from year to year to the sinking-fand, a detailed statement of which is submitted with this report.
It is assumed that this obligation entered into by the Government
Avith its creditors, at a time when its bonds were regarded as of far less
value in the market of the world than at the present time, AVUI be held
sacred until the debt is extinguished. It is true that the debt has been
paid much more rapidly than it would have been, had only the amount
of the sinking-fund been applied to its payment, but the obligation stUl
remains, to set apart annually the amount required by law, to be applied
to the extinguishment of the public debt. The payraents from time to
time of the amount thus required have varied somewhat, as the amount
of the debt has unequaUy varied by a more or less rapid payment of it.
The estimate of the sinking-fund for the current fiscal year is fixed
at $45,816,741.47, and the amount required will increase from year to
year at the rate of about $1,000,000 until 1891. It is estimated that an
average of about $50,000,000 each year until then, wiU be required for the
sinking-fand. This wiU vary according to the amount actuaUy applied
in payment beyond the need of the sinking-fand.
REPORT OF THE SECRETARY OF THE TREASURY.
XLVH
I consider, therefore, that in legislating for the future, the revenues
should not be so far reduced as to prevent the application each year of
about $50,000,000 to the sinking-fund. Upon the estimate of $85,000,000
as the surplus for^ the current year, we find a surplus for that period
of nearly $40,000,000, not wanted for the regular expenditures of the
Government, or for the payment of the national debt through the sinking-fand.
So the question still presses, what legislation is necessary to relieve
^ the people of unnecessary taxes'? As elsewhere suggested, it should
not be assumed that the surplus in the Treasury Avill be consumed by
Javish expenditures for objects of doubtfal expediency or legality,
i r that the scheme which has been proclaimed, of exacting money
from the people for the purpose of returning it to them by filtering
distribution through State governments, wiU find any favor with Congress or the people.
In the recommendations of the President and those of this Department, and the action of Congress, and in the expression of public opinion, there has been substantial concord as to how the needed reduction
of the revenue should be brought about. It has been generaUy conceded that the internal-revenue taxes, except those upon spirits, fermented liquors, and upon the circulation of banks, might well be
abolished. There has been difference whether the tax upon tobacco
should be abolished or modified. There were but few advocates of the
immediate total abolition of taxes upon spirits or fermented liquors.
My last report said that taxes upon spirits and tobacco, being upon
things not needful, should be retained rather than those upon the common necessaries of life; which, as .a proposition^ is not to be controverted. But it was conceded by all that a substantial reduction should
be made upon nearly all imported articles subj ected to duties.
To make a start in the proposed reduction of revenue from imports,
the Tariff Commission had been created. In good faith it undertook the
work. In its report to Congress it said: ^^ Early init^ deUberations the
Commission became convinced that a substantial reductionof tariff duties
is demanded, not by a mere indiscriminate popular clamor, but by the
best conservative opinion of the country, including that which has in
former times been most strenuous for the preservation of our national
industrial defences.« Such a reduction of the existing tariff, the Commission regards not only as a due recognition of public sentiment and
a measure of justice to consumers, but one conducive to the general industrial prosperity, and which, though it may be temporarUy inconvement, vriU be ultimately beneficial to the special interests affected by
XLVIII REPORT OF THE SECRETARY OF THE TREASURY.
such reduction." Again: ^'Entertaining these views, the Commission
has sought to present a scheme of tariff duties in which substantial reduction should be the distinguishing feature. The aA-erage reduction in
rates, including that from the enlargement of the free list and the abolition of the duties on charges and commissions, at which the Commission has aimed, is notless on the average than 20 per cent., and it is the
opinion ofthe Commission that the reduction Avill reach 25 per cent."
And again: ' ' I t has been the effort of the Commission to make the reduction apply to commodities of necessary general consumptionj and I
to diminish or withhold the reduction upon commodities of high cost, /
requiring more labor, and which, being consumed principally by the/
more wealthy classes, could bear higher duties, at the same time supt
plying revenue and encouraging the higher arts without being oppres|
sive in their operation."
.
The Chairman of the Senate Committee on Finance, in explanation of
the biU before the Senate last year, which after various amendments
became a law, estimated at $45,000,000 the reduction of the revenue
which would foUow the changes in the tariff proposed thereby.
These intentions and calculations have not been verified.
The estimated receipts for the current year from customs are
$195,000,000, a reductionof less than $20,000,000. Considering that
there has been some depression of business during the past year and
current year, it is probable, should business rcAdve, that the revenues
from customs under the present laws AviU in succeeding years increase
rather than diminish.
It was estimated by the Senate committee that the repeal of internalrevenue taxes proposed by their bill would effect a reduction of
$34,790,334. The Commissioner of Internal Eevenue estimates that the
aggregate amount of reduction made by the act wUl not be less than
$43,000,000 per annum, including the six millions of taxes on deposits
of national banks; but he further estimates that the increase of receipts
from distilled spirits will so augment the revenues from that source as
to make the aggregate receipts from internal revenue for this year
$120,000,000, or about $24,500,000 less than those for the preceding
year. The reduction, therefore, from all sources of internal revenue
for the current year appears to be about $10,000,000 less than the reduction expected by the Senate committee. We have, thien, a reduction
of $30,000,000 less than Avas sought for and expected.
The question recurs: Shall we now seek again for.that reduction
which was not attained, and is it UOAV advisable to attempt a reduction
of the revenues for future years to arise from duties on imports'?
I
REPORT OF THE SECRETARY OF THE TREASURY.
XLIX
"^.There was general a[.greement that a substantial reduction of the tariff
Should be made. The estimates of the Tariff Commission and of the
Senate committee show what was the conteniplated reduction. The
ac/tual results so far obtained indicate that the reduction labored for has
i.iot been effected by the new tariff act. It is to be considered, too,, that
the failure is not to be charged to the increase of importations keeping
ikp the amount of customs revenue. The statistics of our foreign comn^ierce shOAv that there has not been an increase chargeable thercAvith.
A s l o t h e principles of reduction, if a rcAdsion be practicable, there
S€^ms to be little disagreement. The reduction should be made on,
ar(ticles entering into general consumption as necessaries—as sugar,
m(blasses, and the like—rather than upon luxuries; upon raw materiails, rather than manufactured, with due regard to the fostering of
doibiestic industries and occupations, especially those not fully establishied, In the report of this Department last year, the reduction as
applied to the principal classes of dutiable articles was considered somewliat in detail, and, adhering to the views there expressed, a repetition
of them is unnecessary.
: It may not be deemed expedient so soon to make again a revision of
the tariff to effect a reduction.
And there are considerations which are apt upon this head. The
new tariff act went into operation, in all its parts, on the 1st dayof
July, 1883. There has gone by since then but Uttle over one-third
of a fiscal year. It is a short time in which to learn Avith accuracy hoAv
so important and wide-reaching a law as that, touching all the business
and industiial interests of the country, will permanently affect the revenues. It is knoAvn that in some respects the first effects of it may not
be relied upon as stable. Wherein the provisions of it lessened the
duties upon foreign articles, it stimulated importations thereof, immediately before the Ist day of July. The goods were put in bonded
warehouse, to be withdraAvn at once after that day, on payment
of duties at the new rates. Wherein it increased the duties, (as.
it did in some instances, by new proAdsions to meet the adjudication of courts or the rulings of this Department,) it stimulated importations prior to the 1st day of July, 1883, Avith the purpose of
taking the benefit of the lower rate prevalent up to that date. These
accelerated intportatlons were, as a natural result, foUowed by decreased
importations of the same articles after the law took effect; so that the
lasting effects of the application of it to the business of the country
may not be known Avith reliable certainty, either in the general result
upon the volume of revenue to be yielded by duties upon imports, or
3780 F
IV
L
REPORT OF THE SECRETARY OF THE TREASURY.
in its particular results upon especial classes of goods and especial '
branches of domestic industry.
Again, it may be deemed needful to so legislate as to certain industries and businesses as to effect reduction or suspension of the revenue
from the taxation upon them. Those making or trading in distilled;
spirits, or who have made loans or advances of money thereon, will
be earnest in endeavor for an extension of the bonded period. It isi
not unlikely that Congress Avill listen to their appeal. An exten/sion of the bonded period will effect a reduction of revenue for
the length of time thereof In another part of this report are data
on which may be calculated how much that Avill be. On the whol^,
then, this Department does not recommend an immediate revision jof
the tariff act. It adheres, however, to its conviction, that ultimatelly
the just and expedient method of relief from taxation, and of limiting
the revenues to the needs of an economical Government, must be fou:fad
in a reduction of the duties on imports.
!
In my report of last year it was suggested, that should it be deemed
expedient to reduce the rate of taxes on spirits, tobacco, or fermented
liquors to lessen the inducement to frauds, or to make them more equal,
the objection is not so strong against moderate modification as against
a total repeal of all taxes thereon. As has been seen, a reduction of
the tax ui)on tobacco and its manufactured products has resulted in a
decrease of revenue therefrom, fully as large as was expected by the
committee which submitted the bill, and there is left but about
$21,400,000 of revenue from that source. The estimated receipts from
spirits, however, as has been seen, for the current year exceed the
receipts for former years. The reason of the opposition to the reduction
of the tax on distilled spirits is that they are not neccessaries of life.
That principle may be still upheld, and yet the tax, in whole or in part,
be taken from alcohol or spirits used in the manufactures and the arts.
It has lately been estimated, that, subject to the tax, there were used in
the manufactures and the arts 4,269,978 gallons annually; that if the tax
were but 50 cents per gallon there would be used 5,297,224 gallons; and
if there were no tax, 7,367,504. As the tax is 90 cents per gallon, the
effect on the revenue of legislation to this end is easy to be foretold
Avith approximation to accuracy. It would not be difficult to protect
from pretended and fraudulent use of such a relaxation of the law.
There is a method by which spirits are made unacceptable for other
purpose; by " methylating'.' them, which is the using of a chemical substance with them, Avhereby they become distateful. There is a scientific
process which will eliminate the methyl, but so prolix and costly as to
REPORT OF THE SECRETARY OF THE TREASURY.
•
LI
<^
be practically of no use; and besides, it is a process of distillation which
could easily be put under the laws and regulations now existing for the
superAdsion of that business.
Propositions are made to repeal the whole system of internal rcA^enue. As to this, I repeat my remark of last year: " I see no public
sentiment or political action, indicating a desire on the part of taxpajdng citizens to strike out this class of taxes."
• All other internal-revenue taxes have been repealed, except that on
fermented liquors, amounting, as estiinated, to $17,900,000, and on the
circulation of national banks. The repeal of the tax on bank circulation in whole or in part Thave recommended. As the aboUtion of all
internal-revenue taxes is a proposition which may be made and pressed,
some data are here given. The spirits in bonded warehouse on June 30,
1883, are estimated at more than 80,000,000 gallons. The quantity of
distilled spirits in the United States, besides that in customs bonded
warehouses, on October 1, 1883, is estimated by the Commissioner of
Internal Eevenue as follows:
Gallons.,
In distillery and special bonded warehouses
In hands of wholesale liquor-dealers
In hands of retail liquor-dealers
Total...
73, 847,103
13,921,482
28,180,650
115,949,235
The quantity in bond upon which the tax is payable between November 14, 1883, and June 30, 1884, is 21,997,770 gaUons, the tax on
which is $19,797,993.
The quantity upon which the tax is payable during the fiscal year
ending June 30,1885, is 37,228,317 gallons, the tax on which is
$33,505,475.
The quantity upon which the tax is payable during the fiscal year
ending June 30, 1886, is 15,356,030 gallons, the tax on which is
$13,820,427.
""
Elsewhere herein is given the quantity of distilled spirits in bonded
warehouse, and which, under existing law, must pay tax fef ore it is
released, and other data of that kind. On the quantity in the hands
of dealers, the tax enters into the cost and value of it to them. It may
be assumed that neither the distiller, nor the owner of spirits in bond,
nor the dealer owning it, wishes complete abolition of the tax upon it.
The community, in its present temper, will not submissiA^ely receive
LII
REPORT OF THE SECRETARY OF THE TREASURY.
a law encouraging the manufacture of whiskey unrestricted in quantity.
A reduction of the tax on whiskey in bond to 50 cents a gallon would
reduce the revenue about $7,600,000 for the current year, were the reduction to take effect from Noveniber 14, 1883, and about $13,500,000
in the year ending June 30, 1885.
In connection with this subject, it is deemed proper to call attention
to the fact that the total number of gallons of distilled spirits produced
in the year ended June 30, 1883, is estimated at 74,013,308, about
5,500,000 less than all in bonded warehouse June 30, 1883.
Owners of spirits in bond declare themselves unable to meet the payment of taxes thereon as they fall due. They have to some extent exported them rather than to pay tax. It is likely that they wiU again
ask an extension of the time of payment of such taxes. They may ask
for a repeal or modification of them.
The statistics given above are fit for attention, as well upon the
question of the probable surplus in the Treasury as upon the need and
propriety of legislative relief to the OAvners of spirits.
The estimates of receipts from taxes on distilled spirits adopted in
this report include the taxes thereon falling due the current year,
amounting to nearly $20,000,000.
FOREIGN COMMERCE.
The foreign commerce of the United States during the last fiscal
year, including imports and exjKjrts of merchandise and specie, was
as follows:
Exports: Merchandise
$823,839,402
Specie
:
31,820,333
855,659,735
Imports: Merchandise
Specie
$723,180,914
28,489,391
^
Imports and exports during the year ended June 30,
1883
Imports and exports during the year ended June 30,
1882
Increase
751,670,305
$1,607,330,040
1,567,071,700
40,258,340
REPORT OF THE SECRETARY OF THE TREASURY.
LIII
The excess of exports of merchandise over imports thereof during
the last eight years is shown as foUows:
Year ended June 30—
1876
$79,643,481
1877..
151,152,094
1878
257,814,234
1879.....
264,661,666
1880
167,683,912
1881
259,712,718
1882
25,902,683
1883
100,658,488
The value of exports of domestic merchandise during the year ended
June 30, 1883, was $804,223,632, as against $733,239,732 during the
precedingfiiScalyear, an increase of $70,983,900.
The foUoAving table shows the articles the exports of which materially
increased during the last fiscal year:
Commodities.
Animals, living
AVheat and wheat-flour
Cotton
Hops
,
Iron a n d steel, a n d manufactures of.
Beef, fresh
Sugar, refined
Wool, and manuCacturee of.
1883.
$10,789,268
174,703,800
247,328,721
5,616,370
22,826,528
8,442,131
2,454,210
26,793,708
1882.
$9,729,116
149,304,773
199,812,644
1,456,786
20,748,206
6,768,881
1,335,689
24,012,028
Increase.
$1,060,152
25,399,027
47,516,077
4,159,584
2,078,322
1,573,250
1,118,521
2,781,680
The foUoAving table shoAvs the articles the exports of which feU off
materiaUy during the last fiscal year:
Commoditiea.
Indian o o m
Leather
Mineral oil
Bacon a n d hams..
Butter a n d cheese
Lard
Pork
1883.
$27,756,082
6,423,922
44,913,079
38,155,952
13,425,191
26,618,048
6,192,268
1S82.
$28,845,830
7,747,544
51,232,706
46,675,774
16,923,545
28,975,902
7,201,270
Decrease.
$1,089,748
1,323,622
6,319,627
8,519,822
3,498,354
2,-357,854
1,009,002
The effects of the short crops during the season of 1881, consequent
upon the protracted drought, and other unfavorable meteorological
influences which prevaUed during that season, not only tended to diminish the exports of the agricultural products of the country during
the year ended June 30, 1882, but were felt far into the j^ear ended
June 30, 1883.
The value of the imports of merchandise into the United States durthe year ended June 30, 1883, amounted to $723,180,914, as against
$724,639,574 during the preceding fiscal year, a decrease of $1,458,660.
LIV
R E P O R T OF T H E SECRETARY OF T H E
TREASURY.
The following table shoAvs the articles theimports of which materially
increased during the last fiscal year:
Commodities.
India-rubber a n d gutta-percha, crude.
Silk, r a w
T i n , a n d m a n u f a c t u r e s of
C o t t o n , m a n u f a c t u r e s of.
Earthen, stone, a n d china w a r e
J u t e a n d other grasses, r a w
Leather
O p i u m , a n d e x t r a c t of.
T o b a c c o , a n d m a n u f a c t u r e s of.
Wine
W o o l , m a n u f a c t u r e s of
Sugar, bro\vn
Qlass a n d glass-ware
1883.
$15,511,066
14,043,340
23,917,837
36,853,689
620,527
994,429
235,053
138,139
771,596
979,626
274,952
516,804
762,543
1882.
$14,264,903
12,890,392
21,641,173
34,351,292
6,979,659
4,710,192
7,029,041
1,826,998
9,347,762
. 7,559,258
37,361,520
90,065,218
6,634,371
Increase.
$1,246,163
1,152,948
2,276,664
2,502,397
1,640,868
1,284,237
1,206,012 •
1,311,141
2,423,834
2,420,368
6,913,430
1,451,586
1,128,172
The following table shows the articles the imports of which materially
decreased during the last fiscal year:
Commodities.
Coffee
S o d a , n i t r a t e of
Tea
,
Bx'ead a n d bi*eadstufls
Fancy goods
Hemp, raw
L o n a n d steel, a n d m a n u f a c t u r e s of
Potatoes
S i l k , m a n u f a c t u r e s of
Molasses
1882.
$42,050,513
2,336,661 •
17,302,849
15,830,605
7,801,874
4,927,269
40,796,007
1,092,211
36,764,276
7,679,604
$46, 041,609
3, 911,545
19, 392,102
19, 295,094
9, 695,262
6, 110,152
51, 377,633
4, 660,120
985,567
040,511
Decrease.
$3,991,096
1,574,884
2,089,253
3,464,489
1,893,388
1,182,883
10,581,626
3,567,909
2,221,291
2,360,907
During the fiscal year ended June 30, 1883, the value of the exports
of gold and silver coin and bullion amounted to $31,820,333, as against
$49,417,479 during the preceding year, a decrease of $17,597,146, and
the imports thereof amounted to $28,489,391, as against $42,472,390
during the preceding year, a falling off of $13,982,999.
There was during the fiscal year just closed an excess of exports over
imports of gold and silver coin and bullion amounting to $3,330,942, as
against $6,945,089 during the preceding year.
Of the merchandise imported into the United States during the
fiscal year 1883, $136,002,290 were brought in American vessels, and
$564,175,576 in foreign vessels, and $23,003,048 in railroad-cars and
other land vehicles.
Of the exports of merchandise, $104,418,210 were shipped in American
vessels, $694,331,348 in foreign vessels, and $25,089,844 in railroad-cars
and other land vehicles.
TONNAGE OF VESSELS OF AMERICAN OAVNERSHIP.
The tonnage of vessels OAvned in the United States at the close ofthe
fiscal year 1883, according to the records of the Eegister ofthe Treasury,
was 4,235,487.25 tons. Of this amount, 1,302,094.65 tons were, in 2,174
REPORT OF THE SECRETARY OF THE TREASURY.
LV
vessels, registered for the foreign trade, and .2,933,392.60, in 22,043
vessels, enrolled and licensed for the coasting trade and fisheries. There
was an increase of 9,800 tons in vessels in the foreign trade, and 59,754
tons in domestic trade.
The foUowing table shows the number and tonnage. of vessels built
and documented during the last fiscal year:
Number.
Kind,
Sailing-vessels
Steam-vessels.
Canal-boats
Barges
-
Total
0
,
Tonnage.
721
439
42
66
137,046.17
170,229.78
4, n o . 91
16, 443.05
1,268
265,429.91
'
The number of documented vessels of all classes built during the last
fiscal year is less than that of the fiscal year ended in 1882 by 108.
DISTRIBUTION OF CARRYING TRADE.
Of the merchandise brought in at seaboard, lake, and river ports
during the fiscal year 1883, an amount equal in value to $136,002,290
was imported in American vessels, and a value of $564,175,576 in
foreign. Of the exports of merchandise, a value of $104,418,210 was
shipped in American, and a value of $694,331,348 in foreign vessels.
Of the combined imports and exports of merchandise, 15.54 per cent,
was conveyed in American, and 81.35 per cent, ia foreign vessels.
INCREASE OF OUR COMMERCIAL MARINE.
It will be seen from the statistical returns herein presented, that for
many years past, of the exports and imports of merchandise, no greater
part than an average amount of 16 per cent, has been borne in American
vessels. This is, in a measure, due to the facility and security offered
for investments of capital in domestic and inland commerce, and particularly in land transportation by railroad. The decline in the domestic tonnage of the Mississippi river and its tributaries may largely
be set to this account. I t is not an agreeable reflection that the freightage on 84 per cent, of our commercial imports ahd exports should be
paid to alien ship-owners. Can this be helped by the removal of burdens laid by law'? Of those now directly imposed by statutes on our
vessels sailing foreign, there remain, besides clearance, entry, and admeasurement fees, only the tax of 30 cents per ton, payable once a year
on entry from a foreign port. Yessels in the domestic trade have for
many years been exempted from tonnage-tax. The income, from
this tax for the last fiscal year was $1,320,590.80. Of this amount,
LVI
REPORT OF THE SECRETARY OF THE TREASURY.
$1,057,961.60 were paid by foreign vessels. Even though so large a proportion is thus paid, it is well deserving of consideration whether it is
not adAdsable to return to the policy adopted in 1831, and entirely
abolish the tax. It presses more heavily than any other upon our
foreign-going shipping.
The burdens imposed by the States in the way of pilotage are considerable. Of this subject Congress has never taken control. The
charges on shipping on account of pilotage, vary Avith every port.
The extent of the embarrassments arising to commerce from this cause
can be fully understood and remedied only when Congress shall take
entire control of the subject; as, it is believed, it has the power to do.
Against the general abolition of entrance, cleai^ance, a^d admeasurement fees, there exists the objection that a portion of the wages of
customs officers are at present paid from them, and their abolition
would entail the payment of fixed salaries in the place of payment by
perquisites. If my recommendation in another part of this report for
a discontinuance of these fees and for payment by prefixed salaries be
adopted, this objection will cease.
The removal of these burdens will tend in some degree to an increase
in our foreign-going shipping.
There appear but two methods by which our foreign shipping can be
directly increased, namely, by subsidies, and by allowing the free
purchase of foreign ships. Whether either or both of these means shall
be adopted, AVUI depend on the judgment of Congress whether it is better to resort to them, than to suffer the yearly loss of 84 per cent, of
the freightage on exported and imported merchandise.
It would facilitate the solution of questions of the character above
presented if there were established in the Treasury Department a bureau of navigation, whose function it should be to supervise that interest, make a study of its needs, observe its decline or increase, and
recommend from time to time such measures as would keep it in a
state of progress parallel with the general advance of the country. If
such a bureau were to do nothing more than to look to the interests
of seamen, and keep a record of the commercial marine, and guard
against the physical obstructions to^ navigation within our OAVU waters,
its existence would be justified. Some ofthe duties which would nat.
urally attach to such a bureau are now incongruously distributed
among divisions of the Treasury Department, whose prime purpose
and main work are of other nature. The establishment of that bureau
might be effected with the addition of but two salaried officers to the
present number in the civil service.
REPORT OF T H E SECRETARY OF T H E TREASURY.
LVII
QUARANTINE OF NEAT-CATTLE.
The appropriations, under which this Department has estabUshed regulations for the quarantine of imported neat-cattle, are Umited in their
use to the prevention of the disease known as pleuropneumonia, or lung
plague. Quarantine stations have been estabUshed for the ports of Portland, Me., Boston, New York city, and Baltimore. Suitable accommodations in sheds and yards have been provided for about 215 fuU-grown
cattle at Portland, 700 at Boston, 450 at New York, and 550 at Baltimore.
The importations for the current year have been much larger than were
expected from the importations of former years. More than 1,100 head
were at one time quarantined at the port of Boston, and the importations
at Baltimore have been about 900 head, which exceed the importations
of the previous six years combined. It is believed that the accommodations at the ports named are sufficient for any demand that is Ukely
to occur during the next year.
It is deemed essential to the protection of our herds and flocks from
infection with the "foot and mouth" disease, that authority be conferred upon the Department to enforce a quarantine against sheep,
swine, and goats also; as this disease is as Uable to be communicated by
them as by neat-cattle. There is no law authorizing the quarantining
of any animals except neat-cattle. In one case, at least, the foot and
mouth disease was brought in, but, the quarantine system detecting it,
its spread was effectually prevented.
It is believed that the knowledge that our Government is enforcing
a rigid quarantine, to prevent the importation of contagious diseases
from abroad, is already exercising a salutary effect upon pubUc opinion
in Great Britain. Perseverance in it, is Ukely to induce Great Britain
to rescind her order for immediate slaughter of cattle exported thither
from the United States, which is a hinderance to our exporters.
The efforts of the Cattle Commission during the past year, have been
mainly directed towards perfecting the details of our quarantine system, and ascertaining, as far as possible, the precise localities in which
pleuropneumonia has existed, and enlisting the co-operation of the
several State authorities in preventive measures. Under existing laws
this is a task. It is difficult for one State tb effectually rid its borders
of this disease, so long as the transportation of cattle from another
State, infected, to any place at wUl, is permitted.
It is advised by the Cattle Commission, one of whom has investigated
the subject in Great Britain during the past summer, that provision be
made for the previous domestic insjpection of cattle exported from the
LVIII
R E P O R T OF T H E SECRETARY OF T H E
TREASURY.
United States to that country, and that proper regulations be provided
for the kind and healthful accommodation of them on their voyage.
It Avould be well for that inspection to be made in co-operation, by
officers of our Government and agents of the British GoA^ernment, and
at the port of departure just before shipment. If Great Britain will
join in this, a certificate of health from such a board will give confidence abroad, and tend to a profitable solution of pending difficulties.
Legislation for this purpose may be deemed necessary. A detailed
report of the work of the Cattle Commission will be submitted to Congress early in the session.
REVENUE MARINE.
This service continues to perform satisfactory work. Its vessels,
which noAV number 38, have cruised during the fiscal year an aggregate
of 300,880 miles, and have boarded and examined 25,587 vessels, of
which 2,240 have been seized, or reported to the proper authorities, for
violating the law in some respect.
In relief-work they have been particularly efficient, having assisted
224 vessels in distress, which, Avith their cargoes, aggregated in value
$4,886,175, and on board which were 2,497 persons. Sixty people have
been picked out of the water and saved from droAvning. One revenuesteamer alone assisted 76 merchantmen, valued, Avith their cargoes, at
$1,493,020.
•
'
Prominent amongst the special work of this service are its co-operation with the Marine-Hospital Service in maintaining the national
quarantine against the cholera and yellow-fever at the entrance to the
Chesapeake Bay and in the waters of the Gulf of Mexico, five of the
vessels participating in the duty; the rendering of assistance to the LightHouse Establishment and to the Life-Saving Service, and the conveyance for the Navy Department of presents, provided by Congress, to
the Tchiiktchis Indians, in Siberia.
The revenue-steamer '' CorAvin,'' under the law providing for the use of
revenue-steamers in protecting the seal-fisheries and the Government's
interests generally in Alaska, has cruised extensively in the northernmost waters of the country. While in the Arctic, her commander.
Captain Healy, by boat expeditions in August last, made a partial exploration of a hitherto unknoAva river of Alaska, and delineated the
shores of a large lagoon.
The reports show the gratifying fact that under the vigilant cruising
of the revenue-cutters in Alaskan waters, the illicit selling to the natives, of fire-arms and spirits by the masters of lawless trading-vessels.
REPORT OF T H E SECRETARY OF T H E TREASURY.
LIX
has much fallen off, these operations being now confined principally
to the Siberian coast.
The rebuilding on Lake Erie, of iron, of the revenue-steamer "Fessenden," authorized by Congress in 1882, has been completed, and the
vessel, one of the finest of the fleet, placed upon her station. The two
small steam-vessels authorized by Congress for harbor duty at Galveston
and Mobile have also been provided, and are about to be put on
active duty.
Four vessels of the Service have been provided with new boilers and
somewhat extensively repaired in the hulls.
The revenue-steamer " E u s h , " at San Francisco, is in ne.ed of a new
boUer and very general repairs to huU and machinery. It is believed
that the better policy wo aid be to build a new hull, and accordingly
the sum of $90,0t)0 has been included in the estimates for this purpose.
I renew the recommendations of two former reports that $75,000 be
appropriated for a new vessel, of iron, for duty on the southern coast,
to replace one now worn-out and not worth repairing.
I also renew the recommendation that provision be made for a vessel
specially adapted to cruising in arctic waters. The "Corwin," now
engaged in this duty, will soon need considerable repairs. She is, besides, too limited in coal-carrying capacity for the long reaches iuA^olved
in her cruising, this defect often compelling her to turn back from important work and seek port for fuel. In view of the unorganized condition, as well as the growing importance, of this great Territory, whose
protection in almost the whole extent.of its coast line, is now devolved
upon the vessels of the Eevenue Marine, a new steamer specially
designed for the work is demanded, and the attention of Congress is
earnestly invited to the subject.
The expenses of this service for the fiscal year last past were
$853,553.83.
LIFE-SAVING SERVICE.
During the past year this serAdce has made its usual excellent record.
At the close of the year the stations numbered 194. The number of
disasters to documented vessels within the field of their operations was
300. On board these vessels there were 3,792 persons, of whom 3,777
were saved; the others were lost. The number of shipwrecked persons
succored at the stations was 651, and the number of days' relief afforded
them in the aggregate was 1,879. The estimated value of property involved was $7,176,540, of which $5,611,800 was saved; the rest was lost.
The number of vessels totally lost was 68,
There were also 116 disasters to smaller craft, as sail-boats, row-boatsj
&c., on which were 244 persons, 240 of whom were saved, and 4 lost.
LX
REPORT OF THE SECRETARY OF THE TREASURY.
The property iavolved in these instances was $66,180, of wliich $59,900
was saved, and $6,280 lost
The following is the aggregate:
Total number of disasters
"
416
Total A^ue of property iavolved
h.....
•
$7,242,720
Total value of property saved.
$5, 671,700
Total value of property lost
$1,571,020
Total number of persons on board
4,036
Total number of persons saved.
4,017
Total number of persons lost
19
Total number of shipAvrecked persons succored at stations..
651
Total number of days' succor afforded
1,879
Total number of vessels lost
68
In addition to the persons saved from vessels, 22 were rescued from
drowning who had faUen from piers, Avharves, &c., and would have
probably perished without this aid.
Of the smaU number of persons lost during the year within the scope
of station operations, seven, who inight otherAvise have been saved,
perished in attempting to reach the shore without aid, and the remainder
under circumstances beyond human intervention. In every case of
loss of life, the life-saving crews were blameless, as shown by investigar
tion. The expense of maintaining the service for the year was
$703,133.35.
Since the date of the last report, seven additional stations have been
completed, at Hunniwell's Beach, Maine; at Muskeget Island and
Coskaty, on the coast of Massachusetts; at Brigantine Beach, New
Jersey; at New Inlet, at Cape Hatteras, and at Ocracoke, coast of
North Carolina. Four stations are in process of construction, approaching completion, at Lewes, Delaware; at North Beach, Maryland; at
Wallop's Beach, and at Parramore's Beach, Virginia. Sites have been
selected for nine others on various parts of the coast, all of which, with
possibly one exception, will be donated to the Government.
An exhibit of the life-saving appliances of the service was made
during the year at the International Fisheries Exposition, held at London, by invitation of the British government. It attracted great attention, and was a marked feature of the exposition.
The law excluding the influence of partisan politics from the LifeSaving Service has been obeyed, Avith good results in the promotion of
efficiency. Eelief has been afforded to the Department by this statute.
It has been a barrier against importunities, and enabled a management
with an eye single to the public interest.
REPORT OF T H E SECRETARY OF T H E TREASURY.
LXI
LIGHT-HOUSE ESTABLISHMENT.
During the fiscal year, the Light-House Establishment has put into
operation 8 new light-stations, 112 new river lights, 2 new fog-signals,
operated by steam or hot air, 7 new automatic whistling buoys, 6 new
bell buoys, and 48 new buoys of the ordinary kind. It has discontinued three lights which were not needed, and has changed the characteristics of thirteen others, that they may be more useful than heretofore.
The board is now engaged in the erection of a light-house on North
West Seal Eock, off Point St. George, California. This rock is in the open
ocean, twelve mUes from a harbor, and at its top but 54 feet above the
sea. This is perhaps the most difficult and important work the board
has undertaken for many years.
The lighted buoy placed last year to mark one of the channels leading into New York bay was so satisfactory to mariners that other buoys
of the same kind have been obtained, and Avill, if possible, be placed
to mark the shoals off Cape Hatteras and Cape Lookout, North Carolina. Meantime, the board is testing a lighted buoy of another make,
Avith a Adew, if it is found satisfactory, to use both, or that one of the
two which shall be found most satisfactory under all circumstances.
The board, during the past year, has constructed at its shops a lamp
ofthe largest size capable of burning mineral oil. A long and severe
practical test in one of its most important light-houses gives satisfactory
results. Mineral oil Avill probably soon displace lard-oU as an illuminant in light-houses of this country.
OAving to the difficulty of obtaining a proper site, there has been
delay in erecting an electric light at HeU Gate, New York. The light
AViU probably be in operation by January next, when the experiment of
illuminating a narrow channel by that means AviU be tried for the first
time in any country.
Attention is called to the board's aimual report for further details in
regard to the Light-House Service.
COAST AND GEODETIC SURVEY.
The operations of this service have been efficient and successful.
The progress of the work is equal Avith the means given by Congress.
Twenty-eight new charts have been published, and hundreds heretofore
published have been added to and corrected. The "Coast Pilot" has
made progress, tide-tables and a map of the variation of the compass
throughout the United States have been published of accuracy and
extent beyond what has heretofore been done.
LXII
R E P O R T O F T H E SECRETARY OF T H E
TREASURY.
The Superintendent recommends an increase in the appropriation for
surveys to bring the results of field-work into proper economic relation
to the expenditures for oatfit and transportation. This work is one of
progress and development. It can best be prosecuted during a time of
peace and prosperity. The representations made by the Superintendent
in his report, hercAvith subniitted, are worthy of consideration by Congress.
MARINE-HOSPITAL SERVICE.
During the last fiscal year, 40,195 patients received relief—13,356 were
treated in hospitals and 26,839 at the dispensaries. The usual number
of surgical appliances and orders for transportation were furnished.
The receipts from all sources were $420,000.15, and the expenditures
$469,966.21. This includes $35,440.92 which were expended on account
of extraordinary alterations and repairs to hospital buildings. Of the
hospital patients treated 9,019 recovered, 2,855 were improved, 197
remained unaffected by treatment, 502 died. There were 2,686 persons
physically examined by officers of the service at relief-stations, some of
them preliminary to shipment in the Merchant-Marine, Eevenue-Marine,
and Light-House Services, and to enlistment in the Life-Saving Service.
The larger number (2,171) were applicants for pilots' license, examined for color-blindness. There have been no objections made to this
examination, or appeals taken, within the year. Sixty-three of the
pUots were found to be color-blind, and accordingly rejected; The examinations should extend to the hearing as well as vision, inasmuch
as ability to recognize the sound of escaping steam and of whistles is
a necessary qualification for an efficient pilot. Extensive repairs have
been made to the hospital buildings, and their general condition has
been improved.
Governmental quarantines have been maintained under the appropriation acts of 1882 and 1883, placing in each, $100,000 at the disposal of
the President in case of a threatened or actual epidemic, to be expended
in his discretion for preventing and suppressing the spread of epidemics
and the establishment of quarantine at points of danger. And the
poAver conferred has been availed of with good results, and the available
balance onhand is $115,000. Unless the recommendation of the Surgeon-General for the establishment of yellow-fever hospitals at cities
likely to be infected is adopted, no appropriation for the ordinary expenses will be required during the coming fiscal year, except for the
quarantine plant as follows:
REPORT OF THE SECRETARY OF THE TREASURY.
LXIIX
Gulf Quarantine,
Condemnation of site and erection of hospital
Warehouse.......
Wharf
$50, 000
5,000
10,000
South Atlantic Quarantine,
Sapelo Station, Blackbeard Island
$25,000
Cape Charles Quarantine.
Site, buildings, and wharf
$50,000
A serious epidemic of cholera having prevailed during the year in
certain rag-exporting countries, apprehensions were felt that unrestricted importation of rags would bring hither the germs of the disease, and, in the absence of specific authority, the Secretary assumed
that he had power, under the appropriation act of 1883, to prevent the
entry into American ports of rags suspected of being infected. Coh
lectors of customs were directed to deny an entry of such rags until the
local health officer ofthe port should give a certificate of no danger.
The recommendations heretofore made for the establishment, of a
national snug harbor, and for regulations by law for the appointment
of medical officers of the Marine-Hospital SerAdce, is respectfully renewed. Attention is invited to the accumulation in the Treasury of
unclaimed money of deceased seamen, and especially to the fact of jewelry, watches, and other unclaimed effects of seamen remaining in the
hands of collectors of customs. It is recommended that, under proper
restrictions, these be sold, and the proceeds, together Avith moneys now
in the Treasury on this account, be covered in to the credit of the hospital-fand. The Surgeon-Genera! recommends the purchase of the seamen's retreat property, on Staten Island, as a marine hospital for the
port of New York, and the building is now so used under a temporary
lease. I concur in the recommendation for an appropriation for that
purpose.
The success of national quarantine has been shoAvn during the past
two years.
FuU details of the operations of the service in all its branches Avill
be found in the annual report of the service, hercAvith transmitted, and
several recommendations, to which I ask Congressional attention, besides any of which special notice is taken above.
NATIONAL BOARD OF HEALTH.
The National Board of Health expended $97,332.60, of which sum
$34,687.67 was for work in progress at the close of the last fiscal year,
and $62,644.93 are chargeable to the appropriation for the fiscal year
LXIV
REPORT OF THE SECRETARY OF THE TREASURY.
ending June 30, 1883. While a liberal construction has been given to
the laAVS relating to sanitary work, the board has been held to strict accountabUity for all moneys appropriated for its use.
On the 2d of June last the act of June 2, 1879, to prevent the introduction of contagious or infectious diseases, expired by limitation.
There is now no legislation immediately to the same end. Whether
there be need of re-enacting any or all of the proAdsions of the act of
June 2, 1879, it is for Congress to determine.
The report of the board AVUI show its views on this and kindred
subjects.
STEAMBOAT-INSPECTION SERVIOE.
These are the statistics of this sendee for the last fiscal year:
No. of
- steamers.
Divisions.
Pacific coast
Atlantic coast
Western rivers
Northern lakes
Gulf coast
,
Total..
,
Officers
licensed.
359
2,379
952
1,270
373
130,704.11
605,058.40
198,028.64
315,972.82
85,078.07
1,527
9,360
5,369
4,874
2,162
6,333
1,334,932.04
23,292
Increase over the preceding year—
In number of vessels.
In tonnage
In number of officers
Beceipts,
Tonnage.
216
56,367.41
2,825
^
From steam-vessels.....
From licenses to officers
$172,642 44
11,546 00
Total
184,189 44
JExpenses.
Salaries of inspectors and clerks
TraveUing and misceUaneous expenses
Total
Excess of expenditures over receipts
Decrease in receipts from steam-vessels below 1882
Decrease in receipts from officers' Ucenses
$202,424 74
41,613 03
244,037 77
$59,849 33
5,198 86
90,502 00
REPORT OF THE SECRETARY OF THE TREASURY.
LXV
The decrease in receipts for the inspection of steam-vessels is accounted for by the acts of Congress approved respectively on August
5, 1882, and March 3, 188'S, the first act making large reductions in the
tonnage of steamers on which the fees are collected, the second reducing the fees on steam pleasure-vessels about 75 per cent. It is estimated
that the aggregate reduction in receipts for the causes stated Avill approximate $18,000 annually.
The cause for the decrease in receipts for officers' licenses is explained
by the act of Congress approA^ed April 5, 1882, reducing such fees from
$10 and $5 each, according to grade, to 50 cents each for all grades.
The unexpended surplus of $639,245.93 standing to the credit of the
inspection service will cover all deficiencies during the next ten years,
even though there should be no increase in the receipts.
The number of accidents to steam-vessels during the year resulting
in loss of life was 34:
Froin explosions
From
fire
From collisions
From snags, wrecks, and sinking
'.
12
5
11
6
The number of lives lost from various causes during the year was 284:
From explosions.
From
fire
From colUsions
.......:
From snags, wrecks, and sinking
From accidental drowning
MisceUaneous causes
69^
45
82
5033
5
An increase over the previous year of 79. The greatest increase is from
accidents caused by collisions.
Inspection of foreign passenger steam-vessels, under act approved August
7, 1882.
Active work under this act commenced at the beginning of the lastquarter of the fiscal year. During the three months ended June 30^
1883, there were inspected 149 steamers, as follows:
Port
Port
Port
Port
Port
Port
of Nfew York..
of Boston
of Philadelphia
of Baltimore
of New Orleans
of San Francisco
3780 F — 5
103
6
6
20
7
7
LXVI
REPORT OF THE SECRETARY OF THE TREASURY.
There are sixteen inspectors and two clerks attached to this serAdce,
incurring during their services for a part of the year the folloAving expenditures:
Salaries of inspectors and clerks
;
Furniture for the various offices
.j.
Instruments for the use of officers..
TraA^elling and miscellaneous expenses.
Total
$17,446
2,f)45
347
679
48
49
11
86
20,518 94
Several explosions of boilers of steam-vessels in the domestic trade
have of late called public al^tention to this service. Doubts have been
expressed whether the laws on this subject are well adapted to secure
the result desired. The laws are somewhat prolix, and revision, amendment, and simplification would be of benefit; yet the Adgilant and
thorough practical administration of them is what will be of the most
service, and diligence should be directed thereto.
DISTINCTIVE PAPER.
The distinctive silk-threaded fibre paper adopted in 1879, as described
in the report for that year, continues to giA^e satisfaction, and is used
for all notes, bonds, certificates, checks, and other obligations of the
Government.
To June 30, 1883, the automatic register at the mill showed a total
registration since the manufacture of the paper was begun, in 1879, of
48,211,250 sheets. Of these, 41,952,950 perfect sheets have been received
at the Department and fully accounted for, the balance being destroyed
at the mill as imperfect. During the last fiscal year there have been
received from the mill 13,925,000 sheets, and 10,871,312 sheets have
been delivered to the printer for the printing of various securities.
The printer has returned during that period 9,611,877i perfect, and
534,055 imperfect sheets.
At the close of the fiscal year there were in the Secretary's office,
subject to requisition, 12,059,614 sheets, and in the Bureau of Engraving and Printing, in process of printing, 1,505,2031 sheets.
The paper used for internal-revenue stamps is made ^without a
distinctive fibre, its distinctive feature consisting of a water-mark of
the letters " U . S. I. E . " During the last fiscal year the Department
receiA^ed from the manufacturers 20,407,000 sheets of this paper, and delivered to the printer 24,242,948 J sheets. The Bureau of Engraving
and Printing delivered duringthe fiscal year 22,954,816 perfect, and
668,901 imperfect sheets. At the close of the fiscal year there were in
REPORT OF THE SECRETARY OF THE TREASURY.
LXVII
the Secretary's office, subject to requisition, 13,810,357 sheets, and in
printer's hands, in process of printing, 1,669,769 sheets. A full exhibit will be found in the accompanying tables.
The paper issued by the Secretary's office during the last fiscal year,
to be returned to the Department imprinted, was for securities as
foUows: UnitedStates notes, $88,829,520; sUver certificates, $51,870,000;
gold certificates, $216,360,000; United States bonds, $600,715,100; natioiial currency, series 1875, $61,935,300; national currency, series 1882,
$52,784,250—total, $1,072,494,170. "
Eeceived from the bureau imprinted, perfect: United States notes,
$80,916,000; silver certificates, $49,120,000 ;gold certificates, $195,260,000;
United States bonds, $570,450,000; national currency,, series 1875,
$54,003,320; national currency, series 1882, $41,068,160—total,
$990,817,480.
Eeceived imprinted, imperfect: United States notes, $3,390,904; silver certificates, $2,089,760; gold certificates, $14,846,440; UnitedStates
bonds, $29,716,650; national currency, series 1875, $6,08,6,700; national
currency, series 1882, $2,685,310—total, $58,815,764.
COUNT, EXAMINATION,
AND DESTRUCTION OF REDEEMED AND UNISSUED SECURITIES.
The redeemed United States notes, national-bank currency, and miscellaneous securities received by this office during the fiscal year
ended June 30, 1883, for final count and destruction amounted to
$217,282,457.51, and the United States notes, national-bank currency,
and other obligations mutilated in printing, and unissued United
States bonds and national-bank currency received for destruction
amounted to $370,376,674, or an aggregate of securities destroyed
amounting to $587,659,131.51; of which amount, $311,274,800 were in
United States bonds, which were no longer required for the purpose
of issue. Details of the above will be found in the tables accompanying this report.
BUREAU OF ENGRAVING AND PRINTING.
The service in connection with this bureau has, by an increase inthe
number of presses, in the stock of unfinished work and material on
hand, and in other ways, been greatly improved duiing the yea.r. The
building used by it does not furnish sufficient space for the couA^enient
execution of the work. The space for each press is too limited. The
printing-rooms are croAvded, the number of employes required for the
work is too many for good health. Other deficiencies are stated in the
LXVIII
REPORT OF THE SECRETARY OF THE TREASURY.
report of the chief of that bureau. The work has much increased since
it began in this buUding. An increase to the extent reached was not
foreseen. The matter of an enlargement of the buUding will be submitted to Congress during the session.
PUBLIC BUILDINGS.
During the last year, work has been in progress upon twenty-seven
buildings, under direction of the Supervising Architect, of which number ten have been commenced and four completed, and two of the
largest Government buildings, those at PhUadelphia and St. Louis, are
practically completed.
The expenditures during the year for work on all new buildings, including sites, have amounted to $3,770,468.15; for repairs and preservation of public buildings, $168,476.76; for heating apparatus, and
repairs to same, elevators, vaults, safes, locks, storage of silver dollars,
&c., $144,930.76.
HALL OF RECORDS.
There is a necessity for the construction of a building at the Capital
for the storage of the files and records of the several Departments.
They have accumulated to such an extent, and room is so scant, that
quantities must be stored in unsafe places so croAvded as not to be easily
accessible. The chances of loss of valuable and important papers and
of mutilation and confusion are great.
The act approved August 7, 1882, directed the Supervising Architect
of this Department to report to Congress, through the Secretary of the
Treasury, first, a suitable plat of ground for such a building; and
second, the probable cost, AAdth plans and specifications. In obedience
to this direction, plans and specifications for a suitable building were
prepared by the Supervising Architect, which, with his report, were
transmitted by me to Congress January 17, 1883. In my judgment,
this is a matter which should have the attention of Congress at this
session.
DISTRICT OF COLUMBIA.
The net expenditures on account of the District of Columbia, for the
fiscalyear 1883, were $3,817,028.48. The revenues deposited i n t h e
Treasury on this account for the same period were $1,970,938.47.
Since December 1, 1882, there has been retired, through the operation of the sinking-fund, $186,100 of the bonded indebtedness of the
District, reducing the amount annually required for interest, $11,266.
REPORT OF THE SECRETARY OF THE TREASURY.
LXIX
Since the duties of the commissioners of the sinking-fund of the District of Columbia were devolved on the Treasurer of the United States
by the act of Congress of June 11, 1878, there has been retired
$1,375,350 of the funded debt, causing a reduction in the annual interest charge of $80,853.67.
IMMIGRATION.
The administration of the '' act to regulate immigration,'' approved
August 3,1882, with the general supervision of which this Department
is charged, has been attended Avith a reasonable measure of success.
There are certain restrictive features of the law which hinder the full
accomplishment of its purppse. Some of these were noted in my last report, accompanied by recommendations of legislation for their removal.
The experience of another year has confirmed the views then expressed.
The fund created by the act is derived from a tax on alien passengers,
collected at the port at Avhich they land from vessel. The expenditure
of it for the main purposes of the act is limited to the ports at which
collected. That expenditure is to be made by commissioners designated
by State authority and bound by contract with the Secretary ofthe Treasury. As yet commissioners haA^e been appointed only at the ports of New
York, Philadelphia, Boston, Baltimore, Portland, Me., Key West, and
Galveston; those for the four ports last nained having been appointed
since the date of my last report. At most of the other ports the sums
collected are insufficient to warrant the appointment of commissioners.
At a few ports the efforts of this Department to obtain commissioners
have failed, through causes beyond its control. Hence, the tax coUected
at the ports where no commissions are established is covered into the
Treasury, and there is no authority to apply it to the purposes of the
act, either at the port where collected or at any others. At the same
time the sum collected at ports where commissioners have been appointed, and moneys have been expended, is not enough for all that
they could efficiently do. These results AVUI be avoided, by giving the
Secretary of the Treasury discretionary authority, to designate the collector or some officer of the customs superAdsor of the local affairs of
immigration at such ports, and to apply the moneys wherever collected
when in surplus there, at places where more is needed than is there
collected.
The proAdsions of the law which forbid the landing of alien convicts,
lunatics, idiots, or persons unable to take care of themselves without
becoming a public charge, cannot be properly enforced without penalties
for their violation, which the law does not inflict. Some of the super-
LXX
REPORT OF THE SECRETARY OF THE TREASURY.
vising boards or commissions have found it necessary to provide, temporarily, for the care of persons landed in violation of law. They have
returned most of them to the respective countries whence they came:
Were owners of vessels subjected to a penalty, to be a lien upon the
vessel, in a sum large enough to defray the ex:pense of care and deportation, it would go far to prevent these violations of the law. The penalties thus collected should create a special fund to defray the expense of
care and deportation.
It occurs, that alien paupers, and others in indigent circumstances
have arrived from Europe, whose passage-money and other expenses
incident to the voyage, and but little more, were paid by the respective
governments or municipalities from which they came, or by voluntary
associations abroad. They are liable to become a public charge upon the
communities in which they land, unless cared for awhile by the commissioners, and as soon as may be sent back where they belong. Such of
these as were found incapable of self-support have, as far as practicable,
been returned. Such practice by foreign authorities, whether of high
or low degree, is discourteous, if not worse, and this Department has
sought, through the State Department, to persuade to an abandonment
of it; it is feared, Avithout full measure of success. The number returned
from the date ofthe immigration act (August 3, 1882) to the close ofthe
month of September, 1883, Avas 1,952.
As the capitation tax is, under the laAV, collected only ibr aliens arriving by vessel, and as the disbursement of the fund is limited to the ports
AA^here collected, the inference is, that immigrants arriving at frontier
ports from adjacent foreign territory by land-carriage are not within
the operation of the act. No tax being collectible on account of them,
there is no fand from which relief can be afforded them when in
need; and the barriers provided by the law against objectionable immigration may not at such points be put up against thera. The experience of this Department in the administration of the law leads it to
believe, that immigration has to a certain extent been diverted from its
ordinary and more natural routes, for the purpose of avoiding the
exactions, and especially the prohibitions, of the law. While the boards
of immigration have, in their inspections of passengers, derived assistance from the passenger-list required to be produced by the masters of
vessels, the act does not apply in this respect to vessels from contiguous
foreign territory. A passenger-list is produced, if at all, as matter of
courtesy, and is often found to be inaccurate.
The first section of the immigrant act proAddes that the fund created
by it shall, among other uses, be employed for the relief of such immi-
REPORT OF THE SECRETARY OF THE TREASURY.
LXXI
grants as are in distress. The second section has a provision substantially the same in effect, in that it requires that the State board or
commission shall be bound by contract "to provide for the support and
relief of such immigrants therein landing as may fall into distress or
need public aid." The same section farther provides, however, that
if "there shall be found among such passengers * * ^ any person
unable to take care of himself or herself without becoming a public
charge, * * "^^ such persons shall not be permitted to land." It
would facilitate the administration of the law if some distinction, applicable in practice, could be made betAveen these two classes, and some
definite limit fixed within which immigrants under the care of the local
boards lihall continue a charge upon them, with a proAdsion made for
an earlier termination in special cases.
Amendatory clauses to the act Avill remedy these defects.
The act is defective, in that its execution depends entirely upon State
officers. Naturally they care for local interests, and act to protect
them. The execution of the law should be by Federal officers, under
rules and regulations uniform throughout the country. The well-being
of the immigrant and the protection of the whole public would be the
end sought in all localities. At present there is lack of uniformity in
the management and care of the immigrant, and the i)rotection of the
immediate public is first in contemplation.
The law makes no provision for sick and disabled immigrants, except at the port at which they may land. An immigrant arriAdng at
New York, and ticketed to Albany, Buffalo, Chicago, or other interior
city, reaching his destination sick and AvLthout means, falls upon the
local authorities for care. They have no recourse upon the head-money
collected at the port of arrival. The oversight and care of the Government should, for a time, be over the immigrant after he has left the
place of landing, and reciprocal action and use of funds to that end
should be had by the officers at various ports.
Protests have been made by consignees against the coUection of the
tax. They are reducible to these heads: Unconstitutionality of the tax
because it is not equal; that it is in violation of treaty obligations; that it
may not be collected for every alien child under eight years of age,
and not at aU for infants. Suits have been brought to recover the money
paid. One has been tried before a Justice of the United States Supreme
Court, and his judgment has been giyen for the validity of the law and
the correctness of its execution.
The collections and disbursements of the immigrant fund from the
date of the passage of the immigrant act (August 3, 1882) to the close
LXXII
REPORT OF THE SECRETARY OF THE TREASURY.
of the last fiscal year are as follows: Eeceipts, as shown by net deposits,
$231,284.50; expenditures, $170,910.16. Of the receipts, $178,446.50
were collected at New York, and $162,288.71 were expended at that
port. In addition to the expenditures from the immigrant fund made
at New York by the commissioners of immigration, somcAvhat more
than $50,000 was receiA^ed by them from the State of New York and
expended for like purposes. It will thus be seen that the receipts of
head-money at New York have not alone been sufficient to defray the
expenses incidental to the administration of the local affairs of immigration there. It is for Congress to consider whether, if the expenditures have been wisely made, there should not be a heavier capitation
tax authorized.
STATISTICS OF IMMIGRATION.
Table shounng the number of alien passenge^^s arrived in ihe 'United States from 1830 to 1883,
and the nximber of immigrants arrived from 1856 to 1883.
Period.
Y e a r e n d e d S e p t . 30—
18.30
......
Q u a r t e r e n d e d D e c . 31—
1832
Alien
Immip a s s e n g e r s g r a n t s arrived.
arrived.
23,322
22,63S
53,179
7,303
•
Y e a r e n d e d D e c . 31—
1834
1836
1838
1839
1840
1841
1842
J a n . 1 t o S e p t . 30—
184?..:
58,640
65,365
45,374
76,2^12
79,340
38,914
68,069
84,066
80,289
104,565
52,496
Y e a r e n d e d S e p t . 30—
1844
1845
1846
1847
1848
1849
;....
1850
78, 615
114,371
15^1,416
234,968
226,527
297,024
310,004
Q u a r t e r e n d e d D e c . 31—
1850
59,976
Period.
!
Y e a r e n d e d D e c . 31—
1851
1852
1853
1851
.....
1855
1856
1857
1858
1859
'.
.1860
1861
1S6'>
1863
1864
1865
ImmiAlien
p a s s e n g e r s g r a n t s ararrived.
rived.
379,466
371,603
368,645
427,833
200,877
200,036
250,882
122,872
• 121,075
153,418
91,822
91,826
176,214
1.93,416
248, 111
195,857
246,945
119,501
118,616
150,237
89,724
89,007
174,524
193 195
247,453
.Jan. 1 t o J u n e 3(K1866
:
167,757
166, M2
Y e a r e n d e d J u n e 30—
1867
1868
1869
'. . . .
1870
•
1871
1872
1873
1874 •
.
'
1875
1876
. 1877
1878
'
1879
1880
1881
1882
:
1883
303,044
288,088
363,074
402,920
342,609
422,978
473,141
327,949
244,632
189,991
165,019
157,776
197,954
484,196
695,163
816,272
645,221
298,967
282,189
352,768
387,203
321,350
404,806
459,803
313 339
227,498
• 169 986
141,857
138,469
177,826
457,257
669,431
788,992
603,322
REPORT OF THE SECRETARY OF THE TREASURY.
LXXIII
Table shoioing the number of immigrants arrived at each of tlie principal ports of the UnMed
States from the several foreign countries during the year ended June 30, 1883, as compared
xvith the nximber arrived during the preceding fiscal year.
Customs districts and countries.
Decrease.
CUSTOMS D I S T R I C T S .
Baltimore
Boston
Detroit
Huron
Minnesota
New Orleans
New York
,-.
Passamaquoddy..
Philadelphia
San Prancisco
All other ports
Total..
35,690
48,188
17,166
45,393
1,182
1,707
406,607
3,360
24,808
8,191
10,940
41,739
58,186
20,494
71,424
1,164
3,142
502,171
3,148
36,284
32,668
18,572
6,049
9,998
3,328
26,031
*18
1,435
95,474
*212
11,476
24,477
7,632
603,322
788,992
185,670
64,737
81,486
11,859
10,923
194,786
31,784
23,398
38,277.
70,241
75,831
4,050
76,432
18,937
13,619
250,630
32,077
29,101
64,607
98,295
121,244
19,313
*5,054
7,078
2,696
55,844
293
5,703
26,330
28,054
45,413
603,322
788,992
185,670
COUNTIIIES.
England and Wales
Ireland
Scotland
;
Austria
Germany
Italy...
Norway
Sweden
Dominion of Canada .
All other countries ....
Total...
•.
* Increase.
O
A STATUTE OF LIMITATIONS ON CLAIMS.
The experience of this Department from year to year, strengthens
the conviction, that there should be made by law a limitation upon the
time wherein claims against the Government may be presented. Claims
that, if ever existing, arose fifty years ago, are now pending before auditing pfficers. Statutes of limitations are not in the nature of a refusal
to pay a just and admitted claim. If vindictive at all, it is a penalty
upon sloth and negligence. The true nature of them is as a protection
to the honest from a second demand where payment has once been
made, or against an unjust demand where written evidence of its illdesert has been destroyed by mischance or lost by accident, and oral
evidence once accessible is no more to be found in the memory of the
living. He who insists that he is a creditor ofthe Government should
not be indulged in holding back a claim for payment until, by loss or
misplacement of records and the-death or change of officers, the Government is bereft of the means of testing the fairness and validity of
the demand. I t is true that the Government, by its auditing officers, is
a tribunal for itself and of counsel for itself therein. Yet so ingenious
are claimants, that prima facie many a demand is just, which full knowledge of the facts would show to be hollow. Besides that, CA^en if the
means of testing the validity of it exists, the official time and effort spent
3780 F-—VI
LXXIV
REPORT OF THE SECRETARY OF THE TREASURY.
and the clerical labor called for are a burden upon the public. Especial
statutes of this kind are known to Congressional legislation, and one
general in its application would be healthful. The doctrine of res adjudicata is often applied in this Department, and claims once heard and
fairly and directly passed upon adversely are for that alone refused a
hearing. Yet they come again on the change of the head of a Department or the chiefs of divisions. If a statute of limitation should be considered, it should emphasize this feature of the case and giA^e the renewed sanction of Congress to the practice of the Department. ,
THE PACIFIC RAILROADS.
Difficulties and differences have arisen between this Department and
the Pacific railroads, in the administration of the laws for the reimbursement of the United States, for moneys directly or indirectly paid by it
for their use or benefit. Litigation has ensued, and the courts have adjudicated upon the issues made. The cases are: The United States vs.
Union Pacific Eailroad Company, 91 U. S. Eeps., 91; Union Pacific
Eailway Company vs. The United States, 16 Ct. Claims Eep., 353. They
will show the points of difference, and thatthe judgments were adA^^erse
to the claims made in behalf of the United States. See, also, the Sinking-Fund Cases, 99 U. S. Eeps., 700; Union Pacific Eailway Company
vs. UnitedStates, 104 U. S., 662;. Central Branch Union Pacific Eailroad
Company vs. United States, 16 Ct. Claims, 360; Pacific Eailroad Cases,
16 Ct. Claims, 359. The report of the First Comptroller of the Treasury for this year, beginning at page 8, presents an elaborate statement
of the existing relations of the GoA^ernment and these corporations, and
to that report I crave leaA^e to refer. In the mean time it has become
apparent, that the sinking-fund provided for by the act of May 7, 1878,
will be inadequate to meet the objects of that statute. Moreover, moneys receiA^ed b^^ this Department to be added to that fund may not be
invested to the satisfaction of all interested, and lying idle, they yield
no income, to the harm of all concerned.
The Treasury holds bonds in trust as follows:
1. For the Pacific railroads sinking-funds—
(a) Union Pacific Eailroad Compuny
(h) Central Pacific Eailroad Company.
2. Indian trust-fund...........
3. Miscellaneous..:.
$650,100
1, 379, 800
1,808,016
690,000
00
00
831
00
It also holds cash for the Pacific railroads sinking-funds—
For the Union Pacific
,.
For the Central Pacific...
$1,134,859 79
863,118 95
REPORT OF T H E SECRETARY OF T H E TREASURY.
LXXV
These sums have not.been invested, as the Department has lacked
the consent of the railroad companies to the purchase of the securities
proposed by it. Safe securities have been so high in market value
that the companies were averse to the purchase. The whole subject
of an advisable method by which the Government may finally and
assuredly obtain payment of the debt it holds against the corporations
needs the attention of Congress.
Itis plain that there is a need of Congressional intervention, and of
legislation to place the relations of the contracting parties in a condition to benefit them all. The United States Commissioner of Eailroads,
in his report for 1882, made accurate statements upon this subject, and
suggestions of legislation which, in their general scope, commend
themselves to the judgment of this Department, and, as this Department is informed, are acceptable to those corporations. It is understood by the Department that the commissioner will, in his report
for this year, renew his recommendations, and he will submit a bill for
the consideration of Congress, designed to remove differences and difficulties, to end litigation and official embarrassment, and to put the
pecuniary relations of the parties on a basis satisfactory to all. A
draught of the bill has been left at this Department. The general aim
of it is, to liquidate the amount of the debt owing by the corporations,
so as to know what sum, payable in a period, the length of which is
to be fixed, Avill fully pay the United States both principal and inters
est; and to determine whatannual payments will accomplish that end.
The arrangement of the details will be intricate. It isnot apprehended,
however, but that there will be an agreement upon them when Congress shall act upon it, if it sees fit to act. This Department earnestly
asks the attention of Congress to this important subject.
ALASKA.
I earnestly direct attention to Alaska, yet unorganized as a Territory,
and the necessity for the establishment there of civil government. The
civilization of the country is retarded, and the development of its resources is prevented by the absence of proper laws and officers charged
with their enforcement. A collector of customs and his assistants are
the only civil officers residing there, and their powers by law are no
greater than those of officer's of the customs at other ports. The authority of a justice of the peace or like magistrate can be lawfully exercised by no one, and to a great extent might makes right throughout
Alaska. Simple conflicting claims to personal property, not to mention affairs of greater magnitude, must be settled on the spot by force
LXXVI
REPORT OF THE SECRETARY OF THE TREASURY.
and arms, or carried, with the necessary evidence and witnesses, nearly
one thousand miles to the nearest court within the United States having jurisdiction of such cases. The pioneers and missionaries who have
established commerce and dropped the seeds of civilization there have
done so without the aid of efficient governmental protection, and at risks
so great as to deter all but the hardy from the undertaking. Personal
safety and the rights of property should be secured to every person
within the Territory. A bill to establish civil government was considered by Congress at its last session, but failed to pass. It is reccommended that it have attention at this session.
The importance and value of Alaska as a commercial adjunct and, under proper protection as a place of residence for settlers, is not fully recognized. The climate is healthful and not severe. I t has extensive fisheries, timber lands, and mineral deposits, all of which may be readily
developed, and will prove a source of profit.
The Treasury Department should be relicA^ed of the administration
of affairs in that Territory, except so far as they cOme within its legitimate fanctions.
The Alaska Commercial Company has during the past year duly
performed the conditions of its lease. It has taken about seventy-five
per cent, of the maximum number of seal-skins allowed, and has paid
the tax thereon ahd the rent of the Islands, in accordance with the
terms of the lease.
The several reports of the heads of offices and bureaus are herewith
transmitted.
CHAS. J. FOLGEE,
Secretary,
To the Honorable
The
SPEAKER OF T H E H O U S E OF EEPRESENTATIVES.
TABLES ACCOMPANYING THE REPORT.
3780 P
1
REPORT OF T H E SECRETARY OF T H E TREASURY.
6
T A B I . l i : A.—STATEMENT of the N E T B E C E I P T S {by warrants) during the fiscal
year ended June 30, 1883.
CUSTOMS.
Quarterended
Quarter ended
Quarter ended
Quarter ended
September 30, 1882....
Decemher 31, 1882
March 31, 1883..:...
June 30, 1883
$64,908,875
48,700, 538
52,711,024
48,386,058
71
01
34
87
$214, 706,496 93
SALES OF PUBLIC LANDS.
Quarter
Quarter
Quarter
Quarter
ended September 30, 1882
encled December 31, 1882
ended March 31, 1883.ended June 30, 1883
1,185, 622 97
1, 882,171 70
2,292,108 10
2,595,961 65
1, 955, 864 42
I N T E E N A L REVENUE.
Quarter ended
Quarter ended
Quarterended
Quarter ended
September 30, 1882
December 31, 1882
March 31, 1883..
June 30, 1883
Quarter
Quarter
Quarter
Quarter
September 30, 1882
December 31,1882
March 31, 1883
June 30, 1883
37, 760, 804
36, 984, 523
33,363,601
36, 611,438
58
84
89
67
144,720,308 8
TAX ON CIRCULATION, DEPOSITS, ETC., OF NATIONAL BANKS.
ended
ended
ended
ended
:
4, 492,426 39
32, 517 07
4, 577, 901 29
8,164 10
—
0,111, 008 «>
REPAYMENT OF INTEREST B T PACIFIC RAILROAD COMPANIES.
Quai-ter ended September 30, 1882
Quarter ended December 31, 1882
Quarter ended March 31, 1883
Quarter ended June 30,1883
65, 774 62
837, 317 43
312,547 51
341,227 34
1, 556, 8G6 90
CUSTOMS FEES, FINES, PENALTIES, AND FORFEITURES.
Quarter
Quarter
Quarter
Quarter
ended September 30, 1882
ended December 31, 1882
ended March 31, 1883
ended June 30, 1883
....9.
422,140 09
367, 018 30
315, 653 12
330,824 83
1, 436. 236 34
FEES, CONSULAR, LETTE.RS P A T E N T , AND LAND.
Quarter ended September 30, 1882
Quarterended December 31, 1882
Quarter ended March 31, 1883
Quarter ended June 30, 1883
822, 842 49
700,595 82
821, 598 12
977, 325 21
. 3. 322, 361 64
PROCEEDS OF SALES OF GOVERNMENT PROPERTY.
Quarter
Quarter
Quarter
Quarter
ended
ended
ended
ended
September 30, 1882
December 31, 1882....:
March 31, 1883
June 30, 1883
113, 995 95
69,137 29
53,437 8:^
48,483 95
285, 055 02
PROFITS ON COINAGE.
Quarter
Quarter
Quarter
Quarter
ended
ended
ended
ended
September 30, 1882
December 31, 1882
March 31, 1883
June 30, 1883
i, 040,119
699,957
83J, 190
'.
1.888,937
'REVENUES OF DISTRICT OF COLUMBIA.
39
85
56
37
Quarter
Quarter
Quarter
Quarter
ended
ended
ended
ended
September 30, 1882
December 31, 1882
March 31, 1883
June 30, 1883
194, 314 88
1, 289, 805 10
205,544 28
281, 274 21
4, 460, 205 17
1, 970, 938 47
MISCELLANEOUS.
Quarter
Quarter
Quarter
Quarter
ended
ended
ended
ended
September 30, 1882
December 31, 1882
March 31, 1883
June 30, 1883
Total ordinary receipts
Cash in Treasury June 30, 1882
Total
:
1,783, 690 25
2, 356, 397 70
3,481, 514 69
1, 050,576 59
:...
8,762,179 23
398,287, 581 95
247,349, 258 62
645,636, 840 57
4
REPORT OF THE SECRETARY OF THE TREASURY.
T A B I . E n . — S T A T E M E N T of the N E T DISB UBSEMENTS {by xvarranis) daring the
fiscal year ended Jxme 30, 1883.
Congress
Executive
Judiciary
Government of Territories
Subtreasuries
Public land offices
Inspection of steam vessels
Mint and assay offices
CIVIL.
^
Total civil
FOREIGN INTERCOURSE.
Diplomatic salaries
€onsular salaries
•Contingencies of consulates
Rescuing American seamen from sliipwreck
American and Spanish Claims Conimission
-Contingent expeuses of foreign missions
Prisons for American convicts
Relief aud protection of American seamen
Expenses under the neutrality act
Araerican and Freuch Commission
International Fishery Exhibition
Expenses Court of Alabama Clairas
Publication of commercial and consular reports
Payraent of the Japanese indemnity fund
'.
Relief of clairaants brig GJeneral Armstrong
Expenses of commissiou to negotiate a treaty with Mexico
Contingent and miscellaneous
Total foreign intercourse
MISCELLANEOUS.
Mint establishment
Coast Survey
Light-House establishment
Revenue-Cutter Service
Life-Saving Service
Marine-Hospital Establishraent
Custom-houses, court-houses, post-offices, &c
Furniture, fuel, &c., for public buildiugs
Repairs and preservation of public lyuildings
Collecting customs revenue
Refnndi.ng; excess of deposits
-•
Debenture and drawbacks under customs laws
Compensation in lieu of moities
Detection and prevention of frauds on customs revenue
Expenses of regulating immigration
Expenses of Tariff Commission
Inspection of neat cattle shipped to foreign ports
Assessing and collecting interual revenue
Punishing violations of internal-revenue laws
Internal-revenue stamps, paper, aud dies
Refunding duties erroneously or illegally collected..
Internal-revenue allowances and drawbacks
Redemption of internal-revenue stamps
Expenses national cnrrency
Suppressing counterfeiting and frauds
Contingent expenses Independent Treasury
Survey of pnblic lands
Fiveper cent, fund, &c., to States
Postage
Vaults, safes, and locks for public buildings
Indemnity for swamp lands
Propagatioii, &c., of food-fishes
Geological survey of Territories
Deposits by individuals for surveys of public lands
National Board of Health
Expenses of Ninth and Tenth Censuses
Payment of judgments, Court of Claims
Mail transportation. Pacific railroads
Deficiency in postal revenues
Department of Agriculture
PatentOffice
Expenses of Bureau of Engraving and Printing
Return of proceeds of captured and abandoned property
Smithsonian Institution
'
Completion of the Washington Monument
Public buildings and grounds iu AVashington
Annual repairs of the Capitol
Improving and lighting Capitol grounds
State, War, and Navy Departments building
Columbian Institute for Deaf and Dumb
Government Hospital for the Insane
Freedman's Hospital
Howard University
$5, 978, 259 83
10, 025, 775 20
4, 366, 899 53
266, 739 08
351, 026 82
855, 487 38
265, 788 88
233, 309 04
$22,343,285 76
-•
343, 241 20
508, 463 02
176,134 34
3, 325 34
4, 891 20
81, 966 32
14,743 77
25, 217 84
9, 623 57
130, 093 90
50, 000 00
152, 996 05
20, 000 00
785, 000 87
48, 615 12
12, 000 00
49,962 70
2, 419, 275 24
994, 724 21
507, 638 36
2, 224, 432 30
944, 819 20
746, 649 19
461,181 46
3,427,331 31
841, 516 25
439, 856 33
6, 591, 224 51
4, 367, 838 85
2, 257, 755 56
25, 389 83
76. 600 95
127, 345 97
69, 000 00
52, 240 77
4, 424, 707 39
62,105 10
519, 388 88
023, 549 56
53, 096 91
52,195 15
144, 586 70
66, 995 60
59,170 71
208, 646 65
119,342 46
145,440 08
36, 553 71
107, 342 39
337,884 49
218, 947 77
876, 923 75
127,149 40
424, 535 77
646,129 77
937, 832 78
74, 503 18
295,428 58
128,980 27
398,482 49
124,551 38
84, 058 15
160, 000 00
539, 547 07
60, 897 44
93, 037 69
297, 750 08
60, 500 00
291, 21.4 68
52, 500 00
25, 000 00
REPORT OF THE SECRETARY OF THE TREASURY.
T A B L . E B . - STATEMENT of the N E T DISBUBSEMENTS {by xcarranis) during
the fiscal year ended June 30, 1883—Continned.
MISCELLANEOUS-Continued.
Charitable institutions
National Museum
R e p a y m e n t for l a n d s e r r o n e o u s l y sold
D e p r e d a t i o n s on p u b l i c t i m b e r . .*
F u r n i t u r e , &c., for State, W a r , a n d N a v y b u i l d i n g
S u p p o r t a n d t r e a t m e n t of t r a n s i e n t p a u p e r s
C o i n a g e of t h e s t a n d a r d silver d o l l a r s
S i n k i n g fund. Pacific r a i l r o a d s
R e d e m p t i o n of D i s t r i c t of C o l u m b i a s e c u r i t i e s
R e f u n d i n g t a x e s . D i s t r i c t of C o l u m b i a
'.
AVater fund. D i s t r i c t of C o l u m b i a
Special-tax fund
AVashington r e d e m p t i o n fund
Charitable institutions
AVashington A q u e d u c t
E x p e n s e s of t h e D i s t r i c t of C o l u m b i a . ,
Miscellaneous
$19,457
150, 612
52, 998
68, 651
65, 000
15, 000
169, 676
552, 636
15, 866
3, 503
113, 870
16,458
691
212, 740
18, 645
3, 585, 642
729, 489
50
50
19
84
00
00
09
00
91
87
05
06
13
13
83
52
45
Total miscellaneous
$43, 915, 461 21
INTERIOR
DEPARTMENT.
7, 362, 590 34
06, 012, 573 64
Indians .
Pensions
73, 375,163 98
Total Interior Department
MILITARY
ESTABLISHMENT.
P a y D e p a r t m e n t '.
Commissary Department
Quartermaster's Department
Medical D e p a r t m e n t
Ordnance Department
Military Academy
Improving rivers and harbors
Contingencies
E x p e n s e s of r e c r u i t i n g
•
Signal Service
E x p e n s e s of railitary c o n v i c t s
P u b l i s h i n g t h e official r e c o r d s of t h e r e b e l l i o n
S u p p o r t of" N a t i o n a l H o m e for D i s a b l e d V o l u n t e e r s
S u p p o r t of Soldiers' H o m e
C o n s t r u c t i o n of m i l i t a r y p o s t s , roads, &c
Fortifications
National cemeteries
F i f t y p e r cent, a r r e a r s of A r m y t r a n s p o r t a t i o n
C o n s t r u c t i o n of m i l i t a r y t e l e g r a p h s
B o u n t y t o soldiers, a c t J u l y 28,1866
E x p e n s e s of A r c t i c e x p l o r i n g e x p e d i t i o n
B o u n t y to volunteers
Mississippi River Commission
R e i m b u r s i n g t h e S t a t e of M i s s o u r i
R e i m b u r s i n g t h e S t a t e of Oregon
C l a i m s for q u a r t e r m a s t e r s ' a n d c o m m i s s a r y s u p p l i e s
R e f u n d i n g to S t a t e s e x p e n s e s i n r a i s i n g v o l u n t e e r s
O p e r a t i n g a n d c a r e of c a n a l s
H o r s e s a n d o t h e r p i o p e r t y lost in t h e s e r v i c e
P u r c h a s e of t h o A r l i n g t o n e s t a t e
Miscellaneous
,
..
12, 659,814
• 2,062,922
13,179, 792
377, 647
1, 861, 826
144, 332
13, 63-9, 381
26,676
100, 646
294, 466
93, 085
33, 4S6
1,122, 088
162, 928
268, 707
174, 312
211,156
296, 379
48, 989
75, 214
53, 000
244, 550
165,000
234,580
70, 268
311, 062
454,163
199,200
105, 061
125, 000
115, 641
60
17
45
Si
37
46
27
19
45
54
37
68
03
48
69
72
55
38
00
30
00
91
00
10
08
75
07
00
60
00
90
Total military establishment
48, 911, 382 93
NAVAL
P a y a n d c o n t i n g e n c i e s of t h e N a v y
M a r i n e Corps
.'
Naval Academy
Navigation
Ordnauce
E q u i p m e n t and Recruiting
Y a r d s and D o c k s
Medicine and Surgery
Construction and Repair
Provisions and Clothing
Steam Engineering
N a v y pension fund
Miscellaneous
ESTABLISHMENT.
$7, 389, 963
890, 838
188, 070
196, 5G9
237, 283
809, 820
915, 460
109,447
1, 729, 324
1,150, 594
1,407, 603
210, 000
48, 461
Total naval establishment
I n t e r e s t on t h e p u b l i c d e b t
10
22
20
20
69
57
95
14
82
50
38
00
40
15, 283,437 17
59,160,131 25
Total net ordinary expenditures
R e d e m p t i o n of t h e p u b l i c d e b t
265, 408,137 54
34,141, 265 96
Total expenditures
C a s h in T r e a s u r y J u n e 30, 1883
299, 549, 403 50
346, 087,437 07
Total
::
645,636,840 57
6
REPORT OF THE SECRETARY OF THE TREASURY.
T A B E . E €.—STATEMENT of the ISSUE and B E D E M P T I O N of LOANS and
TBEASUBY NOTES {by xoarrants) for the fiscal xjear ended June 30, 1883.
Issues.
j Rederaptions. I!
Treasury notes of 1846, act of July
22,1846
Bounty-land scrip, act of February
11,1847
Loan of February, 1861, act of February 8,1861 ..."
'....
Or(rgon war debt, act of March 2.1861.
Seven-thirties of 1861, act of July 17,
1861
Loan of July and August, 1861, acts
of July 17 "and August 5,1861
Old demand notes, acts of July 17
and August 5,1861, and February
12,1862
.'Five-twenties of 1862, act of February 25,1862
Legaltender notes, acts of February
25 and July 11,1862, January 7 an'd
March 3,1863
$109,764,714 00
Fractional currency, acts of July 17,
1862, March 3, 1863, and June 30,
1864
Coin certificates, actof Marcli 3,1863 86, 710 000 00
One-year notes of 1863, act of March
3,1863
Two-year notes of 1863, act of March
3,1863
Compound interest notes, acts of
March 3,1863, and June 30,1864
Loan of 1863, acts of March 3,1863,
and June 30,1864
Ten-forties of 1864, act of March 3,
1864
Five-twenties of June, 1864, act of
June 30,1864
Seven-thirties of 1864 and 1865, acts
of Juno 30,1864, and March 3,1865..
Five-twenties of 1865, act of March
3,1865
Consols of 1865, act of March 3,1865..
Consols of 1867, act of March 3,1865..
Consols of 1868, ac.t of March 3,1865..
Funded loan of l581, acts of July 14,
1870, January 20,1871, and January
14,1875
Funded loan of 1907, acts of July 14,
1870, January 20,1871, and January
14,1875
'..
120,850 00
Certificates of deposit, act of Juno 8,
1872
20, 055, 000 00
Silver certificates act of February
28,1878
35, 040, 000 00
Refunding certificates, act of February 26, 1879
Loan of 1882, act of July 12,1882
304, 252, 000 00
Total .
Excess of redemptions.
Excess of issues
Net excess of redemptions charged
in receipts and expenditures
Excess of
issues.
Excess of
redemptions.
$100 OO
$100 00
100 00
100 00 '
18, 000 00
5, 450 00
18, 000 00
5, 450 00
50 00
50 00
21. 522, 950 00
21,522,950 00
710 00
710 00
10, 400 00
10,400 00
109, 764, 714 00
46, 556 96
9, 308, 480 00 $77, 341, 520 00
46, 556 -96
1,400 00
1, 400 00
1, 800 00
1,-800 00
7,340 00
7, 340 00
47, 476, 650 00
47, 476, 650 00
1.33, 550 00
133,550 00
7, 050 00
7, 050 00
1, 800 00
1,800 no
9, 600
40, 800
235, 700
154, 650
9, 600 00
40. 800 00
"235, 700 00
1.54. 650 00
00
00
00
00
367,180, 450 00
367,180, 450 00
1, 298. 000 00
1,418,850 00
20. 000, 000 00
12, 519, 879 00
5.5. 000 00
22, 520,121 00
109,150 00
47, 650 00 304, 204, 350 00
555, 042, 564 00 590, 083, 829 96 404,120, 991 00
109,150 00
438, 262, 256 96
438, 262, 256 96
404,120, 991 00
34,141, 265 9G
REPORT OF T H E SECRETARY OF T H E TREASURY.
TABI.E
7
m.—STATEMENT of the net B E C E I P T S and DISBUBSEMENTS {by
ivarrants) for the quarter ended Septembei' 30, 1883.
RECEIPTS.
Customs
Sales of public lands
Internal revenue
Tax on circulation, deposits, Sec, of national banks
Repayment of interest by Pacific Railroad Companies
Customs fees, fines, penalties, and forfeitures
Consular, letters patent, homestead, «fcc., foes . . ,
.'
Proceeds of sales of government property
Profits on coinage, &c
Miscellaneous
$57, 402, 975 67
2, 932, 635 17
29, 662, 078 60
1, 557, 800 88
250, 962 24
298, 696 78
863, 209 80
112, 502 23
950,229 46
1,935,766 20
Total net ordinary roceipts
Balance in the Treasury June 30, 1883
Total
95, 966,917 03
340, 087,437 07
442,054,354 10
DISBURSEMENTS.
Custoras
Interual revenue.... 1
Diplomatic service
Quarterly salariea
Treasury proper
Judiciary
Interior (civil)
Total civil and miscellaneous
Indians
Pensions
Military Establishment
Naval Establishraent
-. .^
Interest on public debt
Redemption of the public debt
Balance in Treasury September 30,1883
Total
5, 491,195 56
1, 204, 876 51
423, 043 30
116, 218 50
6, 247, 299 09
812,639 02
2,229,362 59
10, 524, 635 83
2, 623, 390 54
16,285, 261 98
13,512,204 33
4,199,299 69
14,797,297 96
67, 942, 090 33
19,247, 204 50
354, 865, 059 27
442,054,354 10
8
REPORT OF THE SECRETARY OF THE TREASURY.
T A B I . E "E.—STATEMENT of OUTSTANDING PBINCIPAL of the PUBLIC
DEBT of the UNITED STATES on the 1st.of January of each year from 1791 to 1843,
inclusive, and on the Ist of July of eaeh year from 1843 to 1883, inclusive.
Year.
Jan. 1,1791
1792
1793
1794
1795
1796
1797
1798
p 1799
.
1800
1801
1802
1803
1804
1805
...
1806
1807
1808
]809
.
1810
1811
1812
1813
1814
3815
1816
1817
.
1818
1819
1820
1821
...
]g22
1823 '.
1824
.:
.
18^5
1826
.
1827
1828
1829
1830
1831
18B2
1833
1834
1835
1836
1837
1838
1839
... .
1840
] 841
1842
1843
July 1, iy43
1844
1845
1846
1847
1848
..
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
J 860
1861
. .
1862
1863
1864
1865
1866
1867
1868
Amount.
$75, 463, 476 5'2i
11, 221, 924 66
.
.
, .
.
.
:
.
.
.
.
.
..
.
r
.
.
..
.
. .
.
.
.
.. ..
.
--
80 352 634 04
78, 427, 404 77
80,747,587 39'
83 762,172 07
82,064,479 33
79, 228, 529 12
78 408 669 77
82, 976, 294 35.
83, 038, 050 SO
80, 712, 632 25
77, 054, 686 30
86, 427.120 88
82, 312,150 50'
75,723,270 66
69, 218, 398 64
65,196,317 97
57 023,192 OO.53,173,217 52
48, 005, 587 76
45,209,737 90'
55, 962, 827 57
81, 487, 846 24
99,833,660 15
127, 334, 933 74
123,491,965 16
103,466,633 8395, 529, 648 28
91, 015, 560 15
89,987,427 66
93, 546, 676 98;
90, 875, 877 2890, 269, 777 77
83, 788, 432 71
81,054,059 99'
73,987,357 20
67,475,043 87
58,421,413 67
48, 565, 406 50
39,123,191 6824, 322, 235 18
7, 001, 698 83
4, 760, 082 OS
37,733 05
37,513 05336, 957 83
3,308,124 07
10,434,221 14
3, 573, 343 82^
5, 250, 875 54
13,594,480 73
20, 601, 226 28
32, 742, 922 00
23,461,652 5015,925,303 01
15, 550, 202 97
38, 826, 534 77
47, 044, 862 23
63, 061, 858 69
63,452,773 55
68, ? 04, 796 02
66,199, 341 71
59, 803,117 70
42, 242, 222 42
35, 586, 956 56
31, 972, 537 90
28, 699, 831 85
44, 911, 881 03
58, 496, 837 88
64, 842, 287 88
90, 580, 873 72
524,176, 412 13
1,119, 772,138 63
1, 815, 784, 370 57
2, 680, 647, 869 74
2, 773, 236,173 69
2, 678,126,103 87
2,611.687,851 19
REPORT
OF T H E
SECRETARY
OF T H E
TREASURY.
d
T A B I i E 'E.—STATEMENT of OUTSTANDING P B I N C I P A L of the P U B L I C
DEBT, ^"c—Contmued.
Amount.
Year.
Jnlv 1 1869
.
1870 .. 1871
1872
1873
1874
1875
1876
1877
1878
1879 .
.
1880
1881
1882
1883
.
$2, 588, 452, 213 94
2, 480, 672, 427 81
2, 353, 211, 332 32
2, 253, 251,328 78
*2, 234,482, 993 20
*2, 251, 690,468 43
*2, 232,284,531 95
*2,180, 395, 067 15
*2, 205, 301, 392 10
*2, 256,205, 892 63
*2, 349, 567, 482 04
*2,120,415, 370 63
*2. 069, 013, ."^69 58
*1, 918, 312, 994 03
*1, 884,171, 728 07
.
..
.:
-•
..
*In the amount here stated as the outstanding principal of the public debt are included the certificates of deposit outstanding on the 30tli of June, issued under actof June 8, 1872, for which alike
amount in United States notes Tvas on special deposit in the Treasury for their redemption, and added
to the cash balance in the Treasury. These certificates, as a matter of accounts, are treated as a part
of the public debt, but, being offset by notes held on deposit for their redemption, should proiDcrly be
deducted from the principal of the public debt in making comparison with former years.
STATEMENT of the P U B L I C DEBT, including ACCBUED I N T E B E S T thereon, less
cash in the Treasm-y on the 1st day of July of each year, from 1869 io 1883, compiled from
the published monthly deht-siatemexits of those dates.
Years.
July 1, 1869
1870
1871
1872
1873
V 1874
1875
1876
1877
1878
1879
1880
1881,
1882
1883
Outstanding prin- Accrued intercipal.
est.
Cash in the
Treasury.
Debt less cash iu
the Treasury.
*$2, 597,722,983 37 $47,447, 310 79
$156,167, 813 58 $2,489, 002, 480 58
*2, 601, 675,127 83
50, 607,556 52
265, 924,084 61
2, 386, 358, 599 74
2, 353, 211,332 32
45, 036,766 23
106, 217,263 65
2,292, 030, 834 90
2, 253, 251,328 78
103,470, 798 43 2,191,486, 343 62
41, 705,813 27
2, 234,482,993 20
129, 020,932 45 2,147, 818, 713 57
42, 356,652 82
2,251,690, 468 43
147, 541,314 74
38, 939,087 47
2,143, 088, 241 16
2, 232, 284,531 95
142, 243,361 82
38, 647,556 19
2,128, 688, 726 32
2,180, 395,067 15
119,469, 726 70
38, 514,004 54
2, 099,439, 344 99
2,205, 301,392 10
186, 025,960 73
40, 882,791 89
2,060,158, 223 26
2, 256, 205,892 53
256, 823,612 08
36, 404,551 37
2, 035,786, 831 82
2, 349, 567,482 04
353,152, 577 01
30, 792,351 34
2, 027, 207, 256 37
2,120,415, 370 63
201,088, 622 88
22, 845,547 59
1, 942,172, 295 34
2. 069, 013.5(in 5S 20. 948.657 75 I 249, 363,415 35
1, 840, 598, 811 98
1,918,312, 994 03
13, 890,986 47 I 243, 289,519 78
1,688,914, 460 72
1, 884,171,728 07
345, 389,902 92
12, 309,382 33
1,551,091, 207 48
* I t will be noticed that there is a difference in the amounts represented by these two statements as
the principal of the debt July 1, 1869, and July 1, 1870. This difference is explained thns: In the principal of the debt as shown by the monthly delit-statements of these dates, the bonds purchased for the
sinking-fund and paid for from money in the Treasury, were included as a part of tho outstanding debt
and were also treated in the cash as a cash item, or asset, for the reason that at that time there was no
authority or law for deducting them from the outstanding debt. Confess, by the sixth section of the
act of July 14, 1870, directed ftiat these bonds should be canceled and destroyed and deducted from the
amount of each class of the outstanding debt to which they respectively belonged, and such deductions
were accordingly made on the books of the department and in the table of the debt in the annual report
T A B I . E W.—ANALYSIS of the P B I N C I P A L of the P U B L I C D E B T of the UNITED STATES, from July 1, 1856, to July 1, 1883.
3 per cents.
Year.
1856
1857
1858
1859
1860
-.
1861
1862
1863
.
...
1864
1865
1865—Aneust 31 .
3§ per cents.
5 per cents.
. ...
.... .
...
1866..::„....•:::::::-.::.
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879 ... .
1880
1881 •
1882
1883
U per cents.
4 per cents.
$64, 000, 000 00
66,125, 000 00
59, 550, 000 00
45, 885, 000 00
24, 665, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00
14, 000, 000 00 $460, 461, 050 00
318, 204, 350 00
32, 082, 600 00
$57,926,116 57
105, 629, 385 30
77, 547, 696 07
90, 496, 930 74
618,127 98
121, 341,<879 62
17, 737, 025 68
801, 361 23
678,
678,
678,
678,
678,
000
000
000
000
000
00
00
00
00
00
98, 850, 000 00
741, 522, 000 00
739, 347, 800 00
739, 347, 8f^0 00
739, 349, 350 00
737, 942, 200 00
$140, 000, 000
240, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000
250, 000, 000
00
00
00
00
00
00
00
6 per cents.
7 3-10 per cents.
$3,632,000 00
$28,130, 761 77
3, 489, 000 00
24, 971, 958 93
23, 538, 000 00
21,162, 838 11
37,127, 800 00
21,162, 938 11
43, 476, 300 00
21,164,538 11
33, 022, 200 00
57, 358, 673 95
30, 483, 000 00
154,313,225 01
30, 483, 000 00 431, 444, 813 83
300, 213, 480 00
842, 882, 652 09
245, 709, 420 63 1,213,495,169 90
269,175, 727 65 1,281,7.36,439 .33
201, 982, 665 01 1,195, 546, 041 02
198, 533, 435 01 1, 543, 452, 080 02
221,586,185 01 1, 878, 303, 984 50
221, 588, 300 00 1, 874, 347, 222 39
221, 588, 300 00 1,765,317,422 39
274, 236, 450 00 1,613,897,300 00
414, 567, 300 00 1, 374, 883, 800 00
414, 567, 300 00 1, 281, 238, 650 00
510, 628, 050 00 1, 213, 624, 700 00
607,132, 750 00 1,100, 865, 550 00
711,685,800 00
984, 999, 650 00
703, 266, 650 00 854, 621, 850 00
703, 266, 650 00
738, 619, 000 00
508, 440, 350 00 283, 681, 350 00
484, 864, 900 00 235, 780,400 00
439, 841, 350 00
196, 378, 600 00
Total interestbearing debt.
$31, 762, 761 77
28, 460, 958 93
44, 700, 838 11
58, 290, 738 11
64, 040, 838 11
90, 380, 873 95 H
365, 304, 826 92
$122, 582,485 34
O
.707 531 634 47
139, 974, 435 34
139, 286, 935 34 1, 359, 980, 763 50
671, 610, 397 02 2, 221, 311, 918 29
830, 000, 000 00 2, 381, 530, 294 96
813, 460, 621 95 2, 332, 331, 207 60
488, 344, 846 95 2, 248, 067, 387 66
37,397,196 95
2 202 088 727 69
2,162, 060, 522 39
2, 046,455, 722 39 o
1 934 696, 750 00
i
1, 814, 794,100 00
1, 710,483, 950 00
1,738 930,750 00
1,722,676,300 00
1 710 685 450 00
Hi
1, 711, 888, 500 00
1, 794, 735, 650 00
1 797, 643 700 00
1, 723, 993,100 00
1, 639, 567, 750 00
1, 463, 810, 400 00
1, 338, 229,150 00
o
w
>
o
a
PS
TABI-E
W.—ANALYSIS of the P B I N C I P A L of the P U B L I C D E B T of the UNITED STATES, #c.—Continued.
Year.
1856~-Julyl . . . .
1857
1858
1859
1860
1861
1862
1863
1864
1865.
1 8 6 5 — A n g u s t 31
1866—July 1 ....
1867
1868
1869
1870
1871
1872
1873
1874
1875
1S76
1877
1878
1S79
1880
1881
1882
1883
D e b t on w h i c h in- D e b t bearing n o
terest has ceased.
mterest.
$209, 776 13
238, 872 92
211, 042 92
206, 099 77
201, 449 77
199, 999 77
280, 195 21
473, 048 16
416, 335 86
1, 245,771 20
1, 503,020 09
935, 092 05
1,840, 615 01
1,197, 340 89
5, 260,181 00
3, 708,641 00
1, 948,902 26
7, 926,797 26
51, 929, 710 26
3, 216,590 26
11, 425, 820 26
3, 902,420 26
16, 648,860 26
5, 594,560 26
37, 015, 630 26
7, 621,455 26
6,723, 865 26
. 16, 260,805 26
7, 831,415 26
$158, 591, 390 00
411. 767, 456 00
455, 437, 271 21
458, 090, 180 25
461, 616,311 51
439, 969,874 04
428, 218, 101 20
408, 401, 782 61
421,131, 510 55
430, 508,064 42
416, 565,680 06
430, 530, 431 52
472, 069, 332 94
509,543, 128 17
498,182, 411 69
465, 807, 196 89
476, 764, 031 84
455, 875, 682 27
410, 835, 741 78
388, 800, 815 37
422,721, 954 32
438, 244, 788 77
538, 111,162 81
Outstanding prin- iCash iu the Treas- Total debt, less cash] Annnal interest
cipal.
ury July 1.
in Treasury.
charge.
$31, 972, 537 90
28, 699, 831 85
44, 911, 881 03
58, 496, 837 83
64, 842, 287 88
90, 580, 873 72
524, 176, 412 13
1.119,772,138 63
1, 815,784, 370 57
2, 680,647, 869 74
2, 844,649, 626 56
2, 773,236,173 09
2. 678,126,103 87
2, 611,687, 851 19
2, 588,452, 213 94
2,480, 672,427 81
2, 3.53,211, 332 32
2, 253,251, 328 78
2, 234,482, 993 20
2,251, 690,468 43
2, 232,284, 531 95
2,180, 395, 067 15
2, 205,301, 392 10
2, 256,205, 892 53
2, 245,495, 072 04
2.120, 415. 370 63
2, 069,013, 569 58
1, 918,312, 994 03
1, 884,171,728 07
$21, 006,584
18, 701,210
7, Oil,689
5, 091,603
4, 877,885
2, 802,212
18, 863,659
8,421, 401
106, 332,093
5, 832,012
88, 218,055
137,200, 009
169, 974,892
130, 834,437
155, 680,340
149, 502, 471
106, 217,263
103,470, 798
129, 020,932
147, 541,314
142, 243,361
119, 469,726
186, 025,960
256, 823,612
249, 080,167
201, 088,622
249, 363,415
243, 289,519
345, 389,902
89
09
31
69
87
92
96
22
53
98
13
85
18
96
85
60
65
43
45
74
82
70
73
08
01
88
35
78
92
$10, 965, 953 01
9,998, 621 76
37, 900,391 72
53, 405, 234.19
59, 964,402 01
87, 718, 660 80
505, 312, 752 17
1, 111,350, 737 41
1, 709,452, 277 04
2, 674,815, 856 76
2, 756,431, 571 43
2, 636,036,163 84
2, 508,151, 211 69
2, 480,853, 413 23
2, 432,771, 873 09
2, 331,169, 956 21
2, 246,994, 068 67
2,149, 780, 530 35
2,105, 462, 060 75
2,104, 149.153 69
2, 090,041,170 13
2, 060,925, 340 45
2, 019,275, 431 37
1, 999,382, 280 45
1, 996,414, 905 03
1, 919,326, 747 75
1,'819,650.154 23
1, 675,023,474 25
1, 538,781, 825 15
$1, 869,445 70
1, 672,767 53
2, 446,670 28
3,126, 166 28
3, 443,687 29
5, 092, 630 43
22, 048, 509 59
41, 854, 148 01
78, 853, 4^7 24
137, 742,617 43
150, 977,697 87
146, 068,196 29
138, 892, 451 39
128, 459, 598 14
125, 523, 998 34
118, 784, 960 34
111, 949,330 50
103, 988, 40*3 00
98, 049,804 00
98,796, 004 50
96,855, 690 30
95,104, 269 00
93,160, 643 50
94, 6.54,472 50
83,773, 778 50
79,633, 981 00
75, 018.695 50
57,360, 110 75
51, 436.709 50
w
o
O
CO
O
>
• > <
O
W
H
NOTE 1.—The annual interest charge is computed npon the amount of outstanding prmcipal at the close of the fiscal year, and is exclusive of interest charge on Pacific
Railway bonds.
NOTE 2.—The figures for July 1, 1879, were made up, assuming pending funding operations to have been completed.
NOTE 3.—The temporary loan, per act of July 11, 1862, is included in the 4 per cents, from 1862 to 1868, inclusive, with the exception ofthe amount outstanding for August
31, 1865, this being the date at which the public debt reached its highest point. This loan bore interest from 4 per cent, to 6 per cent., and was redeemable on ten days' notice
after thirty days; but being constantly changing, it has been considered more equitable to include the whole amomit outstandmg as bearing 4 per cent, interest on an average
for the year.
NOTE 4.—In the recent monthly statements of the pnblic debt, the interest accrued has been added to the principal, making the net debt larger in that amonnt than the
amomit herein stated for each year.
QQ
a
12
REPORT OF THE SECRETARY OF THE TREASURY.
T A B I . E ^.—STATEMENT of BECEIPTS of UNITED STATES from March 4,1789,
Balance in the
Treasury at
CO m m e n c ementofyear.
1791
1792
$973..905 75
1793
783, 441 51
1794
753, 661 69
1795
1,151,924 17
1796
516, 442 61
1797
888, 995 42
1798
1,021,899 04
1799
617, 451 43
1800
2,161,867 77
1801
2, 623,311 99
1802
3, 295,391 00
1803
5, 020,697 64
1804
4, 825,811 60
4, 037,005 26
1805
3, 999,388 99
1806
1807
4, 538,123 80
1808
9, 643,850 07
9, 941,809 96
1809
3, 848,056 78
1810
1811
2, 672,276 .57
1812
3, 502,305 80
1813 - 3,862,217 41
1814
5,196, 542 00
1, 727,848 63
1815
1816
13,106, 592 88
1817
22, 033,519 19
1818
14, 989,465 48
1819
1, 478,526 74
1820
2, 079,992 38
1821
1,198, 461 21
.1, 681,592 24
1822
427 55
4, 237,922 81
1823
9, 463,597 13
1824
1, 946,650 43
1825
1826
5, 201,686 18
1827
6, 35«,286 10
1828
6, 668,
5, 972,435 81
1829
1830
5, 755,704 79
1831
6, 014,539 75
1832
4, 502,914 45
1833
2, Oil,777 55
1834
11, 702, 905 31
8, 892,858 42
1835
26, 749,803 96
1836
1837
46, 708,436 00
1838
37, 327,252 69
36, 891,196 94
1839
33,1.57, 503 68
1840
1841
29, 963,163 46
1842
28, 685,111 08
1843* 30, 521,979 44
39,186, 284 74
1844
36, 742,829 62
1845
36, 194,274 81
1846
1847
38, 261,959 65
33, 079,276 43
1848
29, 416,612 45
1849
32, 827,082 69
1850
35, 871,753 31
1851
40,158, 353 25
1852
43, 338,860 02
1853
50, 261,901 09
1854
48, 591, 073 41
1855
47, 777,672 13
1856
49,108, 229 80
1857
46, 802,855 00
1858
35,113, 334 22
1859
33,193, 248 60
1860
32, 979,530 78
1861
1862
30, 963, 857 83
46,
965,304 87
1863
1864
36, 523,046 13
1865 134, 433,738 44
Customs.
Intenial revenue.
Direct tax.
Public lands.
Miscellaneous.
$4, 399,473 09
3, 443,070 85
1208, 942 81
4, 255,306 56
337 705 70
4,801, 065 28
274, 089 62
337, 755 36
5, 588,461 26
475, 289 60
6, 567,987 94
$4, 836 13
575, 491 45
7, 549,649 65
83, 540 60
644, 357 95
7,106, 061 93
11, 963 11
779,136 44
6, 610,449 31
809, 396 55 $734, 223 97
9, 080,932 73
443 75
10, 750, 778 93
1, 048, 033 43
534, 343 38
167, 726 06
12, 438, 235 74
621, 898 89
206, 565 44
188, 628 02
10, 479, 417 61
215,179 69
71, 879 20
675 69
. 165,
11, 098, 565 33
50, 198 44
50, 941 29
487, 526 79
12,936, 487 04
21, 882 91
21,747 15
540, 193 80
14, 667, 698 17
55, 763 86
20,101 45
765, 245 73
34, 732 56
15, 845, 521 61
13, 051 40
466, 163 27
19, 159 21
16, 363, 550 58
8,190 23
647, 939 06
7, 517 31
7, 257.506 62
4, 034 29
442, 252 33
12, 448 68
7, 430 63
8, 583,309 31
696, 548 82
7, 666 66
2, 295 95
13, 313,222 73
1, 040,237 53
859 22
4, 903 06
8, 958,777 53
710, 427 78
805 52
13, 224,623 25
4, 755 04
835, 655 14
5, 998,772 08
. 1, 062, 984 82 2, 219,497 36
^1,135, 971 09
7, 282,942 22
4, 678, 059 07 2,162, 673 41
1, 287,959 28
36, 306,874 88
5,124, 708 31 4, 253,635 09
1, 717,985 03
2 6 283, 348 49
2, 678,100 77 1, 824,187 04
1, 991,226 06
17,176, 385 00
955, 270 20
264, 333 36
2, 606,564 77
650
78
20, 283, ... 76
229, 593 63
83,
3, 274,422 78
612 15
15, 005,447 15
• 106, 260 53
31, 586 82
1, 635,871 61
13, 004,761 94
69, 027 63
29, 349 05
1, 212,966 46
17, 589,433 44
67, 665 71
20, 961 ,56
1, 803,581 54
337
71
19, 088,
34, 242 17
10,
916, 523 10
17, 878.325 71
34, 663 37
6, 201 96
984. 418 15
330
85
2.5, 771 35
20, 098,713 45
2,
1,2.16; 090 56
21, 589 93
23, 34J,331 77
6. 638 76
1, 393,785 09
626
90
.. 19, 885 68
19, 712,283 29
2,
1, 495,845 26
218 81
17,451 54
23, 205, 523 64
2 335 05
1, 018,308 75
22,681, 965 91
14, 502 74
1,517, 175 13
ll! 980 59
21,922, 391 39
12,160 6-2
2, 329,356 14
16, .506 01
24, 224,441 77
6, 933 51
10, 791 13
3, 210,815 48
28, 465,237 24
11, 630 65
2, 623,381 03
394
12
29, 032,508 91
2, 759 00
3, 967,682 55
19 80
4,196 09
16, 214,957 15
4,
857,600 69
263 33
10, 459 48
19, 391 3.10 59
14, 757, 600 75
728 79
179 86
370 00
23, 409,940 53
24,
877,
687 70
236 52
11,169, 290 39
5, 493 84
6, 776,945 66
16,158, 800 36
2, 467 27
3, 730,576 40
23,137, 924 81
755 22
2, 5.53 32
7, 361,818 63
13, 499,502 17
1, 682 25
3.411, 627 42
14, 487,216 74
3, 261 36
^,365,
18,187, 908 76
495 00
1, 33,5,797 52
103 25
7, 046,843 91
898, 158 18
26,183, 570 94
1, 777 34
2, 059,939 80
27, 528, 112 70
3, 517 12
2, 077,022 30
26, 712, 667 87
• 2, 897 26
2, 694,4.52 48
23, 747, 864 66
375 00
2, 498,355 20
31, 757, 070 96
375 00
3, 328,642 56
28, 346,738 82
1, 688,959 55
39, 668,686 42
1, 859,894 25
49, 017,567 92
2, 352,305 30
47, 339,326 62
2, 043,239 58
58,931, 865 52
1, 667,084 99
64, 224,190 27
8, 470,798 39
.53, 025,794 21
11, 497,049 07
64, 022,863 .50
8, 917,644 93
63, 875,905 05
3, 829.486 64
41, 789,620 96
3, 513,715 87
49, 565,824 38
• 1,756,687 30
53,187, .511 87
1,778, 557 71
39, 582,125 64
870, 658 54
49, 056,397 62
1, 795, 331 73
152, 203 77
69, 059,642 40 37, 640, 787 95 1,485,103 61
617 17
' 167,
102, 316,152 99 109, 741,134 10
475, 648 96
588, 333 29
260
60
84, 928,
209, 464, 215 25 1, 200, 573 03
996, 553 31
$10, 478 10
9, 918 65
21, 410 88
53, 277 97
28, 317 97
1,169, 415 98
399, 139 29
58, 192 81
86, 187 56
152, 712 10
345, 649 15
1, 500,505 86
131, 945 44
139, 075 53
40, 382 30
51, 121 86
38, 550 42
21, 822 85
62, 162 57
84, 476 84
59, 211 22
126, 165 17
271, 571 00
164, 399 81
285, 282 84
273, 782 35
109, 701 08
57, 617 71
57, 098 42
61, 338 44
152, 589 43
452, 957 19
141, 129 84
127, 603 60
130, 451 81
94, 588 66
1, 3.1.5, 722 83
65, 126 49
112, 648 55
73, 227 77
584, 124 05
270, 410 61
470, 096 67
480, 812 32
759, 972 13
2, 245,902 23
7,001, 444 59
6,410, .348 45
979, 939 86
2, 567,112 28
1, 004,054 75
451, 995 97
895 92
285, 419 70
1, 075,453 68
361, 950 13
289, 808 30
220, 610 69
612, 379 13
68.5, 308 21
2, 064,
1,185, 166 11
464, 249 40
988, 081 17
1,105, 352 74
827, 731 40
1,116, 190 81
1,259, 920 88
1, 352,029 13
1.454, 596 24
1, 088,530 25
• 1, 023,515 31
915, 327 97
3,741, 794 38
30, 291,701 86
25, 441,556 00
* P o r the half-year from J a n
REPORT OF T H E SECRETARY OF T H E TREASURY.
13
to June 30,1883, by calendar years to 1843 and by fiscal years {ended Jime30) from that time.
Dividends.
Net ordinary
Interest.
receipts.
$8, 028 00
38, 500 00
303, 472 00
160,000 00
100, 000 00
80, 960 00
79, 920 00|
71, 040 00
71, 040 OOl
88, 800 oo'
39, 960 ool
202, 426 30
525, 000 OOJ
675, 000 00]
1,000,000 ool
105, 000 OOj
297, 500 00!
3.50,000 oo;
350, 000 00;
367, 500 00
402, 500 001
420, 000 00{
455, 000 00]
490, 000 00
490, 000 00
490,000 00
490, 000 00
474, 985 00
234, 349 50
. 506, 480 82
292, 674 67
uary 1 to June 30,1843
Premiums.
Receipts from
l o a n s a n d Gross receipts.
Treasury
notes.
$361, 391 34[ $4 771,
5,102,498 45
8 772,
1, 797, 272 01
6 450,
4, 007, 950 78
9 439,
$4; 800 00
3, 396, 424 00
9 515,
42, 800 00
320,000 00
8 740,
70, 000 00| 8 758,
200, 000 00
8 179,
5, 000, 000 00 12 546,
1, 565, 229 24| 12 413,
12 945,
14 995,
11 064,
11 826,
13 560,
15 559,
16 398,
17 060,
7 773,
2, 750, 000 00 12 134,
14 422,
12,837, 900 00 22 639,
300 00
26,184, 135 00 40 524,
85 79
23, 377,826 00
34 559,
11,541 74
2,107 64
35, 220,671 40! 50 961,
68, 665 161
686 09
9, 425,084 91
57 171,
|267, 819 14
466, 723 45
33 833,
412 621
21 593,
8, 353 00
24 605,
2, 291 00
40, 000 00
3, 000,824 13; 20 881,
5, 000,324 00
19 573,
20 232,
20 540,
5, 000, 000 00 24 381,
5, 000, 000 00 26 840,
25 260,
22 906,
24 763,
24 827,
24 844,
28 526,
31 867,
33 948,
21 971,
35 430,
50 826,
992, 989 15 27 947,
710, 820 86
39 019,
857, 276 21
35 340,
589,547 51
25 069,
6C'9,317 38
30 519,
808, 735 04
34 784,
479, 708 36
71, 700 83
20 782,
877,181 351 31 198,
666 60l
29 970,
29 699,
872, 399 451 55 368,
28, 365 91
256, 700 ooi 56 992,
37, 080 00
558, 750 OOl 59 796,
487, 065 48
045, 950 00
10, 550 00
47 649,
203, 400 00
4,264 92
52 762,
46, 300 00
49 893,
22 50
16, 350 00 61 603,
2,001 67
73 802,
800 00
65 3.51,
200 00
74 056,
3, 900 00 68 909,
23, 717, 300 00
70 372,
709, 357 72 28, 287, 500 00
81 773,
10, 008 00
20, 776, 800 00 76 841,
33, 630 90
83 371,
41, 861, 709 74
68,400 00 529, 692, 460 50| 58] 680,
602, 345 44 776, 682, 361 57 889 379,
21,174,101 Ol!1,128, 873, 945 36] 393 461,
11, 683, 446 891, 472,224,740 85! 805 939,
Unavailable.
$1, 889 50
63,288 35
1,458,782 93
37, 469 25
11,188 00
28, 251 90
30, 000 00
103, 301 37
15, 408 34
11,110 81
6, 000 01
9, 210 40
6, 095 11
14
REPORT OF THE SECRETARY OF THE TREASURY.
T ABI.1E O.—STATEMENT of the BECEIPTS of the UNITED
Balance in the
Treasury at
tS
commencement of year.
Customs.
Internal revenue. Direct tax.
Public lands. Miscellaneous.
1866 $33, 933, 657 89 $179, 046, 051 58 $309, 226, 813 42$1, 974, 754 12 $665, 031 03 $29, 036, 314 23
1867 160, 817, 099 73 176,417,810 88
266, 027, 537 43 4, 200, 233 70 1,163, 575 76 15, 037, 522 15
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
198, 076, 537 09
158, 936, 082 87
183, 781, 985 76
177, 604,116 51
138, 019,122 15
134, 666, 001 85
159, 293, 673 41
178, 833, 339 54
172, 804, 061 32
149, 909, 377 21
214, 887, 645 88
286,591,453 88
386, 832, 588 65
231, 940, 064 44
280, 607, 668 37
247, 349, 258 62
191, 087, 589 41 1, 788,145 85 1, 348, 715 41 17, 745, 403 59
765, 685 61 4, 020, 344 34 13, 997, 338 65
158, 356,460 86
184, 899, 756 49 229,102 88
3, 350, 481 70 12, 942,118 30
580, 355 37 2, 388, 646 68 22, 093, 541 21
143, 098,153 63
2, 575, 714 19 15,106, 051 23
130, 642,177 72
113, 729, 314 14 315, 254 51 2, 882, 312 38 17,161,270 05
1, 852, 428 93 32, 575, 043 32
102,409, 784 90
1.413,640 17 15,431,915 31
110, 007, 493 58
116, 700, 732 03
93, 798 80 1,129, 466 95 24, 070, 602 31
118,630,407 83
976, 253 68 30, 437, 487 42
110, 581, 624 74
1, 079, 743 37 15, 614, 728 09
113, 561, 610 58
924, 781 06 20, 585, 697 49
124, 009, 373 92
1, 016, 506 60 21, 978, 525 01
30 85
135, 264, 385 51
2, 201, 863 17 25,154, 850 98
1, 516 89 4, 753,140 37 .31,703,642 52
146, 497, 595 45
7, 955, 864 42 30, 796, 695 02
144, 720, 368 98 160,141 69
108,156 60
27, 918, 571 76220, 475,187 37 501, 083, 548 54
5, 072, 240, 329 603, 098, 575, 330 71
164, 464, 599 56
180,048,426 63
194, 538, 374 44
206, 270, 408 05
210, 370, 286 77
188, 089, 522 70
163,103, 833 69
.1.57,167, 722 35
148, 071, 984 61
130, 956,493 07
130,170, 680 20
137, 250, 047 70
186, 522, 064 60
198,1.59, 676 02
220, 410, 730 25
214, 706, 496 93
* Amounts heretofore credited to the Trea.surer as
REPORT OF THE SECRETARY OF THE TREASURY.
15
STATES from March 4, 1879, to June 30, 18^3, ^c—Continued.
•
i
Dividends.
!Net o r d i n a r y
receipts.
1866
1867
$519, 949, 564 38
462,846,679 92
1868
1809
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
876,434, 4.53 82
357,188, 256 09
395, 959, 833 87
374,431,104 94
364, 394, 229 91
322,177, 673 78
299, 941, 090 84
284, 020,771 41
290, 066, 584 70
281, 000, 642 00
257,446,776 40
272, 322,136 83
333, 526, 500 98
360, 782,292 57
403, 525, 250 28
398, 287, 5S1 95
•
Interest.
Premiums.
R e c e i p t s from
l o a n s and
Treasur,y
notes.
Gross receipts.
Unavailable.
$38, 083, 055 68 $712, 851, 553 05 $1, 278, 884,173 11 $172, 094 29
27, 787, 330 35 640,426, 910 29 1,131, 060, 020 ,56 721, 827 93
^
29, 203, 629
13,755,491
15, 295, 043
8, 892, 839
9,412,637
11, 560, 530
5, 037, 665
3, 979, 279
4. 029, 280
405, 776
317,102
1,505,047
110
50
12
76
95
65
89
22
69
58
58
30
63
00
2,675,918
625, 111, 433 20 1, 030, 749. 516 .52
*2, 070
609,621,828 27
238, 678, 081 06
696, 729, 973 63
285, 474,496 00
052, 092, 468 30
268, 768, .523 47
*3, 396
679,153, 921 56 *18, 228
305, 047, 054 00
548, 609, 221 67
214,93.1,017 00
*3, 047
744, 2.51, 291 52 ^ 12, 601
439, 272, 5B5 46
675, 971, 607 10
387, 971, 556 00
091, 551, 673 28
397, 455, 808 00
630,278,107 .58
348, 871, 749 00
662, 345, 079 70
404, 581, 201 00
792, 807, 643 00 1, 066, 634, 827 40
211,8.14,103*00
545,340,713 98
113, 750, 5^4 00
474, 532, 826 .57
120, 945, 724 00
524, 470, 974 28
555, 942, 564 00
954, 230,145 95
19
73
18
35
80
40
$9,720,136 29 8,930,013,104 27 485, 224 45 204, 259, 220 83 11,387,932,529 84 20, 522, 690, 079 39 2,661,866 53
unavailable, and since recovered and charged to his account.
16
REPORT OF THE SECRETARY OF THE TREASURY.
T A B I . E M.—STATEMENT of EXPENDITUBES of UNITEDSTATES from Mar.^^
Year.
1791
1792
1793
1794
1795
1796.
1797
1798.
1799.
1800.
1801.
1802.
1803.
1804.
1805.
1806
1807.
1808
1809.
1810.
1811.
1812
1813.
1814.
1815.
1816
1817.
1818.
1819.
1820.
1821.
1822.
1823.
1824.
1825.
1826.
1827.
1828.
1829.
1830.
1831.
1832.
1833.
1834.
1835.
1836.
1837.
3838.
1839.
1840.
1841.
1842.
1843^
1844
1845.
1846
1847.
1848.
1849.
1850
1851.
1852.
1853.
1854.
1855.
18.56.
1857.
1858.
1859.
1860.
1861.
1862.
1863.
1864.
War,
$632, 804 03
100, 702-09
130,249 08
639, 097 59
480,910 13
260, 263 84
039, 402 46
0J9, 522 30
466, 946 98
560, 878 77
672, 944 08
179,148 25
822, 055 85
875, 423 93
712,781 28
224, 355 38
288, 685 91
900, {^31 40
345, 772 17
294, 323 94
032,828 19
817, 798 24
.652,013 02
350, 806 86
794, 294 22
012, 096 80
004, 236 53
622, 715 10
506, 300 37
630, 392 31
461, 291 78
111, 981 48
096, 924 43
340, 939 85
659, 91i 18
913,194 37
948,977
145, 544 56
724,291 07
767,128 88
841, 835 55
446, 034 88
704, 019 10
696,189 38
759,156 89
747, 345 25
682,, 730 80
897, 224 10
916,995 80
095, 267 23
801,610 24
610, 438 02
6, 908, 671 95
2, 218,183 66
5, 746,291 28
5, 413, 370 .58
10, 840, 030 33
35, 688, 334 21
27, 558,473 26
14, 687, 024 58
9, 161, 965 11
12, 521, 506 19
910, 498 49
8, 722, 282 87
9> 648, 074 07
11 963,160 51
14, 159,150 87
16, 679,121 63
19, 154, 720 53
25, 472, 202 72
23, 001,530 67
16, 173, 562 29
23, 314, 411 82
389, 391, 048 66
603,
690;
Navy.
$61, 408
410, 562
271, 784
382, 631
1,381 347
2,858 081
3, 448, 716
2, 111, 424
915, 561
1,215, 230
1, r 832
1, 597;500
1,649, 641
1, 722,064
1, 884 067
2, 427: 758
1, 654,214
1, 965,566
3, 959,365
6, 446,600
7, 311 290
8, 660,000
3, 908,278
3, 314,598
2, 953,695
3, 847,640
4, 387,990
3, 319,243
2, 224,458
2, 503,765
2, 904,581
3, 049,083
902
4,218, 877
4, 263,
3,918, 786
, 308,745
, 239,428
,850, 183
,956, 370
3, 901 356
3, 956, 260
3, 864, 939
5, 807,718
914
Indians.
97
03
04
89
76
84
03
00
87
53
75
00
44
47
80
80
20
39
15
10
60
25
30
49
00
42
00
06
98
83
56
86
45
45
44
47
63
.07
29
75
42
06
23
53
0, 646,
6,131 580 53
6, l,82i294 25
6,113,896 89
6,001 076 97
8,397 242 95
3,1-il, 711 53
6, 498, 199 11
6,297 177
6, 455,013 92
7, 900,635 76
9, 408,476 02
9, 786,705 92
7, 904,724 66
8, 880,581 38
8, 918,842 10
11, 067,789 53
10, 790, 096 32
13, 327,095 11
14, 074,834 64
12, 651, 694 61
14, 053, 264 64
14, 690, 927 90
11, 514, 649 83
12, 387, 156 52
42, 640, 353 09
63, 261 235 31
85, 704; 963 74
$27..000 00
13,648 85
27i, 282 83
13,,042 46
23,, 475 68
113;,563 98
62,;, 396 58
16,., 470 09
20,,302 19
31 22
., 000 00
9,
94,,000 00
60.I, 000 00
116,;, 500 00
196,,500 00
234,•, 200 00
205,S 425 00
213,;, 575 00
337,', 503 84
177,, 625 00
15.1,,875 00
277,•, 845 00
167,', 358 28
167,', 394 86
530,I, 750 00
274,•, 512 16
319,I, 463 71
505,i, 704 27
463,i, 181 39
315,s 750 01
477,,005 44
.575,I, 007 41
380,», 781 82
429,I, 987 90
724,•, 106 44
743,:,417 83
750,I, 624 88
705,., 084 24
576,i, 344 74
622,', 262 47
930,I, 738 04
1, 352,
!, 419 75
1, 802,
1, 980 93
1,003,, 953 20
., 444 48
1, 706,
', 022 88
5, 037,
!, 036 19
4, 348,
5, 504,,191 34
1, 917 28
2, 528,
., 794 86
2, 331,
-, 837 12
2, 514,
I
1,199,, 099 68
00
.578,I\,,371
532 39
1, 256,,351
35
1, 539,
,693 64
1, 027,
., 411 30
1, 430i
!, 296 81
1, 252,
55
1,374,I,, 161
591 47
1, 663,
I, 801 77
2, 829,
!, 576 04
3, 043,
1,494 12
3, 880,
I, 339 55
1, 550,
;, 990 78
2, 772,,263 97
2,644,, 418 87
4, 354,
:, 266 18
4, 978,
\ 534 53
3, 490,,321 54
2,991 i, 481 17
2, 865,, 948 37
2, 327,\ 032 70
3,152,
V975 97
2, 629,
Pensions.
Miscellaneous.
$175, 813 88 $1, 083, 971 61
109, 243 15
4, 672, 664 38
80 087 81
511 451 01
81, 399 24
750, 350 74
68, 673 22
1, 378, 920 66
100, 843 71
801, 847 58
92, 256 97
1, 259; 422 62
104 845 33
1,139, 524 94
95i 444 03
1, 039, 391 68
64, 130 73
1, 337, 613 22
73i 533 37
1,114, 768 45
85, 440 39
1,462, 929 40
62, 902 10
1, 842,635 76
80, 092 80
2,191 009 43
81, 854 59
3, 768,598 75
81,'875 53
2, 890, 137 01
70, 500 00
1, 697,897 51
82, 576 04
1, 423,285 61
87, 833 54
1, 215,803 79
83, 744 16
3,101 144 98
75, 043 88
1, 367,291 40
91, 402 10
1, 683, 088 21
86 989 91
1, 729,435 61
9o; 164 36
2, 208,029 70
656
06
2,89 870 47
69,
2,98 741 17
188, 804 15
374
43
3,51 936 76
297,
890, 719 90
3, 835,839 51
939
85
2,415i
3,067, 211 41
2, 592, 021 94
3, 208, 376 31
2, 223,121 54
242, 817 25
1, 948, 199 40
1, 967,996 24
1, 780, 588 52
2, 022, 093 99
1, 499, 326 59
7,155, 308 81
2, 748, 544 89
1, 308, 810 57
2, 600, 177 79
1, 556, 593 83
58
976, 138 86
2, 713,476
052 64
850, 573 57
3, 676,234
65
949, 594 47
3, 082,416 04
1, 363, 297 31
3, 237,646 10
3, 064,141 45
1, 170, 665 14
4, 577,245 93
1,184, 422 40
1.52 40
4,
5, 716, 728 95
3, 364, 285 30
4, 404, 698 53
1, 954 711 32
4, 229,279-72
2, 882, 797 96
5, 393, 370 27
2, 672, 162 45
9, 893, 664 76
2,156, 057 29
7,160, 990 89
3,142, 750 51
5, 725, 398 96
2, 603, 562 17
5, 995,881 45
2, 388, 434 51
6, 490,624 61
1, 378,931 33
6, 775, 713 00
839, 041 12
3, 202, 183 86
2, 032,008 99
5, 645, 760 98
2, 400,788 11
5, 911,283 89
1,811 097 56
6, 711,608 35
1, 744,883 63
6, 885,851 25
1,227 496 48
5,650, 331 24
1, 328;867 64 12, 885,763 36
1,866, 886 02 16, 043 992 18
2, 293, 377 22 17, 888, 171 45
2, 401 858 78 17, 504, 068 01
1, 756, 306 20 17, 463, 144 68
1, 232, 665 00 26, 672,425 43
1, 477, 612 33 24, 090, 038 87
1, 296, 229 65 31, 794,498 77
1, 310, 380 58 28, 565, 016 42
1, 219, 768 30 26, 400,544 40
1, 222, 222 71 23, 797,978 30
100, 802 32 27, 977, 287 69
034, 599 73 23, 327, 862 59
852, 170 47 21, 385, 382 37
078, 513 36 23,198, 216 87
985, 473 90 27, 572,
F o r the half year from J a n
REPORT OF THE SECRETARY OF THE TREASURY.
17
17S9ttoJune 30,1883, by cal. ijears to 1843 and hy fiscal years {ended June 30) from thai time.
Year. Net ordinary expenditures.
Premiums.
1791
1792
1793
1794
1795
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805
1806
1807
1808
1809
1810
1811
1812
1813
1814
1815
1816
1817
1818
1819
1820
1821
1822
1823
1824
1825
1826
1827
1828
1829
1830
1831
1832
1833
1834
1835
1836
1837
1838
1839
1840
1841
1842
1843
1844
1845
1846
1847
1848
1849
1850
18,51
1852
1853
1854
1855
1856
1857
1858
18.59
1860
1861
1862
1863
1864
Interest.
Public debt.
), 589 52
u$l, 919,
$1,177, 863 03
$699, 984 23|
;, 258 47
5,896,
2, 373,611 28
693, 050 25|
1, 749,070
2, 097,859 17
2, 633,048 0'
2, 752, 523 04
3, 545,299 00
2, 743, 771 13
4, 362,,541 ,
2, 947,0.59 06 . 2,841,639 37
2, 551,303 15
3, 239,347 68
2, .577,126 01
2, 836, 110 52
3,172, 516 73
2, 617,250 12
4, 651,710 42
2, 95.5,875 90
976, 032 09
6,480, 166 7
2, 815,651 41
1,706, 578 84
7, 411,369 97
3,402, 601 04
1,138, 563 11
4,981,669 90l
4,411, 830 06
2,870, 876 98
3, 737,079 91
.5,29? 235 24
4, 239,172 16
4, 002,824 24!
3, 949,462 36
3, 306,697 07
4,452, 858 91
4,185, 048 74
3, 977,206 07
114
22
6, 357,234 62
2, 657,
4, 583,960 63
6, 080,209 36|
3, 368,968 26
5, 572,018 64
578
48
3, 369,
4, 984,572 89
2, 938,141 62
2, 557,074 23
6, 504,338 85
7,701, 288 96
2, 866, 074 90
7,414, 672 14
3, 586,479-26
3,163, 671 09
5, 311,082 28
4,835, 241 12
2, 585,435.57
• 5,592,, 604 861
5,414, 564 43
17, 829,,498 70
2, 451,272 57
1, 998,349 88
28, 082,396 92
3, 599,455 22
7, 508,668 22
30,127,,686 38
3, 307,304 90
4, 593,239 04
26, 953,,571 00
5, 990,090 24
6, 638,832 11
23, 373,432 58|
7, 822,923 34
17, 048, 139 59
15,454,.609 92
4, 536,282 55
20, 886, 753 57
13, 808,673 78
15, 086, 247 59
6, 209,954 03
56
16, 300,273 44
5, 211,730
2,492, 195 73
32
13,134, 530 57
5,151. 004
3, 477,489 96
073 79
10, 723,479 07|
5,126, 788
3, 241,019 83
79
9, 827,643 51
5,172, 475 40
2, 676,160 33
9,784, 154 59i
4, 922, 557 93
607, 541 01
144
71
4,
943,
15, 330,
11, 624,835 83
40
4, 366,757
11,490, 459 94]
7,
728, 587 38
95
3,975, 542 51
13, 062,316 27
7, 065, 539 24
3,486, 071
6,
517,596 88
12, 653,095 6
3,098, 800 60
9, 064,637 47
13, 296,041 45
2, 542,843,23
9,
860,304 77
12, 641,210 40
93
1,912, 574, 74
9,443, 173 29
13, 229,533 33
1, 373,748
629 48
13, 864,067 90
14,
800,
561 50
772, 796 87
16, 516,388 771
17,067, 747
303, 152 98
22, 713,755 11
1, 239,746 51
18,425, 417 25
202, 863 08
5, 974,412 21|
328 20
17, 514, 950 28
57,
164 04
37, 243,214 24
822
91
21.
33, 849,718 08
5, 590,723 79
14, 996 48
26,496, 948 73
153
53
833
89
10, 718,
399,
24,139, 920 11
3, 912,015 62
174, 598 08
26,196, 840 29
5,315, 712 19
284, 977 55
24,361, 336 591
7, 801,990 09
773, 549 85
11,256, 508 60
583
91
523,
338, 012 64
20, 650, 108 01
1, 833,452 13
11,158, 450 71
369
6l|
458
18
21, 895,
1, 040,
$18, 231 43
7, 536,349 49
26,418, 459 59
842, 723 27
371, 100 04
569
37
214
72
53, 801
1,119,
5, 600,067 651
45, 227,454 77
2, 390,765 88
13, 036,922 54
39, 933,542 61
3, 565,535 78
12, 804,478 54
82, 865 81
37,165, 990 09|
3, 782,393 03
3, 656,335 14
717
66
760
75
44,054,
654, 912 71
69,713 19
3, 696,
40, 389, 954 56 170, 063 42
2,152, 293 05
4, 000,297 80
156
35
832
74
44, 078,
6,412, .574 01
420,498 64
3, 665,
51, 967,528 42, !, 877, 818 69 3, 070,926 69
17, 556,896 95
197
72|
464
99
56, 316,
872, 047 39
2,3.14,
6, 662,065 86
66, 772,:527 64 385, 372 90
1, 953,822 37
3, 614,618 66
265
23
66, 041,143 70
363, 572 39
1, 593,
3, 276,606 05
72, 330,437 17
574,443 08
7,505, 250 82
1, 652,055 67
66, 355,950 07
2, 637, 649 70
14, 685,043 15
60, 056, 754 71
3,144, 120 94
13, 854,250 00
157
30
62, 616, 055 78
4, 034,
18, 737, 100 00
344
84
456, 379,896 81
13,190,
96, 097, 322 09
700
62
694, 004,575 56
24, 729,
181, 081, 635 07
421
69
811, 283, 676 14
53,685,
480, 572,014 03
uary 1 to J u n e 30, 1843.
3780 F
2
Gross expenditures.
797, 436
962, 920
479, 977
041, 593
151,240
367, 776
625, 877
583, 618
11, 002, 396
11, 952, 534
12, 273, 376
13, 270, 487
11, 258, 983
12, 615.113
13, 598, 309
15, 021,196
11, 292,292
IC, 762,702
13, 867, 226
13, 309, 994
13, 592, 604
22, 279,121
39, 190, 520
• 38,028,230
•39, 582,493
48, 244, 495
40, 877, 646
35, 104, 875
24, 004,199
21, 763, 024
19, 090, 572
17, 676, 592
15, 314.171
31, 898, 538
23, 585, 804
24. 103, 398
22, 656,764
35, 459,479
25, 044, 358
24, 585, 281
30, 038,446
34, 356, 698
24, 257, 298
24, 601, 982
17, 573,141
30, 868,164
37, 265, 037
39, 455, 438
37, 614, 936
28, 226, 533
31, 797, 530
32, 936,876
12, 118,105
33, 642,010
30, 490, 408
27, 632, 282
60, 520, 851
60, 655,143
56,
44, 386, 422
48, 604, 718
46, 476,104
54, 712, 608
75, 577, 061
66, 473,170
72, 364,775
71, 726, 341
82, 274, 587
83, 062,186
77, 678, 642
85, 055,125
565, 387, 313
667. 563
815,911
541.114
Balance in
Treasury at
the end of
the year.
$973, 905 75
783, 444 51
7.53,661 69
1,151, 924 17
516, 442 61
888, 995 42
1, 021,899 04
617, 451 43
2,161,867 77
311 99
• 2, 623,
3, 295,391 00
5, 020,697 64
4,'825, 811 60
4, 037,005 26
3, 999,388 99
4; 538, 123 80
9, 643,850 07
9, 941,809 96
056 78
• 3, 848,
2, 672,276 57
305
80
3, 502,
3, 862,217 41
542
00
5,196,
1.727, 848 63
13; 106, 592 88
22, 033, 519 19
14, 989, 465 48
1, 478,526 74
2, 079, 992 38
1,198, 461 21
1, 681,592 24
4, 237,427 55
9, 463,922 81
597 13
1, 946,650 43
5, 201,686 18
6, 358,286 10
6, 668,
5, 972,435 81
5, 755,704 79
6, 014,.539 75
4, 502,914 45
2, Oil,777 55
11, 702,905 31
8, 892,858 4 2
26, 749,803 96
46, 708,436 00
37, 327,252 69
36, 891,196 94
33.157, 503 68
29, 963,163 46
28, 685,111 08
30, 521,979 44
39,186, 284 74
36,742, 829 62
36,194, 274 81
38, 261,959 65
33, 079,276 43
29,416, 612 45
32, 827,082 69
35, 871,753 31
40.158, 353 25
43, 338, 860 02
50,261, 901 09
48, 591,073 41
47, 777, 672 18
49,108, 229 80
46, 802,855 00
35,113, 334 22
33,193, 248 60
32, 979,530 78
30, 963,857 83
46, 965,304 87
36, 523, 046 13
134, 433, 738 44
18
REPORT OF THE SECRETARY OF THE TREASURY.
T A B L . E U.—STATEMENT of the EXPENDITUBES of the UNITED
Year.
1865
1866
War.
-
Navy.
$1, 030,690,400 06 $122, 617,434 07
283,154,676 06
43, 285, 662 00
Indians.
Pensions.
Miscellaneous.
$5, 059, 360 71 $16, 347, 621 34 $42, 989, 383 10
3, 295, 729 32 15, 605, 549 88 40,613,114 17
3, 568, 638, 312 28 717, 551, 816 39 103, 369, 211 42 119,607,656 01 643,604,554 33
*3, 621,780 07
*77, 992 17
*53, 286 61
*9, 737 87
*718,769 52
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
•
...
3, 572,260, 092 35 717,629, 808 56 103,422,498 03
95,224,415 63
31,034,011 04
4, 642, 531 77
123, 246. 648 62 25,775, 502 72
4,100, 682 32
78,501,990 61
7, 042,923 06
20, 000, 757 97
57, 655, 675 40 21,780, 229 87
3, 407, 938 15
35, 799, 991 82 19, 431, 027 21
7,426, 997 44
35, 372,157 20 21, 249,809 99
7,061,728 82
46, 323,138 31 23, 526. 256 79
7, 951, 704 88
42, 313,927 22 30, 932, 587 42
6, 692, 462 09
• 41,120,645 98 21, 497, 626 27
8, 384,656 82
38, 070, 888 64 18, 963, 309 82
5, 966, 558 17
37, 082, 735 90 14,959, 935 36
5, 277, 007 22
32,154,147 85
17, 365, 301 37
4,629, 280 28
40, 425. 660 73 15.125,126 84
5, 206,109 08
38,116, 916 22 13, 536, 984 74
5, 945.457 09
40,466,460 55
15, 686, 671 66
6, 514,161 09
43,570,494 19
15, 032,046 26
9, 736,747 40
48, 911, 382 93 15, 283,437 17
7, 362, 590 34
119, 617, 393 88
20, 936, 551 71
23,782, 386 78
28,476, 621 78
28, 340, 202 17
34,443,894 88
28, 533,402 76
29, 359,426 86
29, 038,414 66
29,456, 216 22
28, 257, 395 69
27, 963,752 27
27,137,019 08
35,121,482 39
56,777,174 44
50, 059, 279 62
61. 345,193 95
66, 012, 573 64
644,323,323 85
51,110,223 72
53,009,867 67
56,474,061 53
53,237,461 56
60, 481, 916 23
60, 984, 757 42
73,328,110 06
85,141, 593 61
71, 070,702 98
73, 599, 661 04
58, 926, 532 53
53,177, 703 57
65,741,555 49
54,713, 529 76
64,416, 324 71
57, 219.750 98
68, 678, 022 21
4,446, 617, 370 15
1,058, 810,431 06 210, 772, 034 05 724, 658,382 781,705,635,098 92
* Outstanding
NOTE.—This statement is made from warrants paid by the Treasurer np to J n n e 30, 1866. The outance in the Treasury J u n e 30, 1883, ae shown by this statement, includes the amonnt deposited with
REPORT OF THE SECRETARY OF THE TREASURY.
19
STATES from March 4,1789, to June 30, 1883, #c.—Continued.
Year.
1865
1866
Ket ordinary exPremiums.
penditures.
$1,217,704,199 28 $1,717,900 11
58,476 51
385, 954,731 43
Interest.
Public debt.
Gross expenditures.
Balance
in
Treasury at
the end of
the year.
$77, 395, 090 30$609, 616,141 68 $1, 906,433, 331 37$33, 933, 657 89
133,067,624 91 620, 263, 249 10 1,139,344, 081 95165,301, 654 76
5,152,771,550 43 7,611, 003 56 302,689, 519 272, 374, 677,103 12 8, 037, 749,176 38
M , 481, 566 24
*100 31
*2, 888 48
*4,484,555 03 *4,484, 555 03
• 1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
5,157,253,116 67 7, 611, 003 56 502, 692,407 752, 374, 677, 203 438, 042, 233, 731 41
160, 817, 099 73
202, 947,733 8710, 813, 349 38 143, 781, 591 91 735, 536, 980 11 1, 093, 079, 655 27
198, 076, 537 09
229, 915, 088 117, 001,151 04 140,424,045 71 692, 549, 685 88 1, 069, 889, 970 74
158, 936, 082 87
190,496, 354 95 t, 674, 680 05 130, 694, 242 80 261, 912, 718 31 584, 777, 996 11
183, 781, 985 76
164,421,507 15 15, 996, 555 60 129,23.5,498 00 393, 254, 282 13 702, 907, 842 88
177, 604,116 51
157, 583,827 58 9,016.794 74 125, 576, 565 93 399, 503, 670 65 691, 680, 858 90
138,019,122 15
153, 201, 856 196, 958, 266 76 117, 357, 839 72 405, 007, 307 54
682,525,270 21 134, 666, 001 85
180,488, 636 90 5,105, 919 99 104, 750, 688 44 233, 699,352 58
524, 044, 597 91
159, 293, 673 41
194,118, 985 00 1, 395,073 55 107.119, 815 21 . 422, 065, 060 23 724, 698, 933 99
178, 833, 339 54
171, 529, 848 27
' 407, 377,492 48
682, 000, 885 32
103, 093, 544 57
172, 804, 061 32
164, 857, 813 36
100, 243, 271 23 449, 345, 272 80 714, 446, 357 39
149, 909, 377 21
144,209,963 28
565, 299, 898 91
214, 887, 645 88
97,124, 511 58 323, 965,424 05
134,463,452 15
102, 500, 874 65 353, 676, 944 90 590, 641, 271 70286,591,453 88
161. 019, 934 53
386, 832, 588 65
105, 327, 949 00 699, 445, 809 16 966, 393, 692 69
169,090, 062 25 2,795, 320 42 95, 757, 575 11 432, 590, 280 41 700, 233,238 19231, 940, 064 44
177,142,897 63 1, 061,248 78 82, 508,741 18 165,152,335 05
425, 865,222 64280, 607, 668 37
186, 904,232 78
71, 077, 206 79 271, 646, 299 55 529, 627,739 12247, 349. 258 62
206, 248, 006 29
59,160,131 25 590, 083, 829 96 855, 491, 967 50
346, 087, 437 07
8,146,493, 316 9669,429,363 87 2 318 426 500 83'9fill489 949 22 20,145, 839,130 88
warrants.
standing warrants are t h e n added, and the statement is by warrants issued from that date. The balthe States, $28,101,644.91.
T A B l i E 1.—STATEMENT shoiving the CONDITION of the SINKING-FUND from its institution in May, 1869, to and including June 30,1883.
DK.
July
T H E S E C R E T A R T O F T H E T R E A S U R Y 11!^ A C C O U N T W I T H S I N K I N G - F U N D .
1,1868
J u n e 30,1869
T o i of 1 p e r cent, on t h e p r i n c i p a l of t h e p u b l i c d e b t ,
b e i n g for t h e t h r e e m o n t h s from A p r i l 1 t o J u n e 30,
1868
- - -.
T o i n t e r e s t on $8,691,000, b e i n g a m o u n t of p r i n c i p a l of
p u b l i c d e b t p u r c h a s e d d u r i n g fiscal y e a r 1869 on t h i s
account
Balance to n e w account
-..
J u n e 30,1869
$6, 529, 219 63
B y a m o u n t of p r i n c i p a l p u r c h a s e d , $8,691,000, i n c l u d i n g
$1,000 d o n a t i o n , e s t i r a a t e d i n gold
B y a c c r u e d i n t e r e s t on t h e a m o u n t of p u r c h a s e s i n 18691.
CR.
IN3
O
$7, 261, 437 30
136, 392 56
1j
196, 590 00
672, 020 23
7, 397, 829 J
7, 397, 829 86
O
W
H
O
^
July
1,1869
J u n e 30,1870
T o 1 p e r cent, on t h e p r i n c i p a l of t h e p u b l i c d e b t - o n
J u n e 30,1869, $2,588,452,213.94
T o i n t e r e s t on $8,691,000, a m o u n t o f r e d e m p t i o n i n 1869..
T o i n t e r e s t on $28,151,900, a m o u n t of p r i n c i p a l of p u b l i c
d e b t p u r c h a s e d d u r i n g fiscal y e a r 1870 on t h i s a c c o u n t .
25, 884, 522 14
521,460 00
J u l y 1,1869
J u n e 30,1870
1, 254, 897 00
B y b a l a n c e from l a s t y e a r
:
B y a m o u n t of p r i n c i p a l p u r c h a s e d , $28,151,900, e s t i m a t e d
i n gold
B y a c c r u e d i n t e r e s t on a c c o u u t of p u r c h a s e s i n 1 8 7 0 . . .
By balance to new account
27, 660, 879 14
672, 020 23
25, 893,143 57
351,003 54
744,711 80
H
27, 660, 879 14
rt
H
July
1,1870
J u n e 30,1871
T o b a l a n c e from l a s t y e a r
T o 1 p e r cent, on t h e p r i n c i p a l of t h e p u b l i c d e b t o n
J u u e 30,1870, $2,480,672,427.81
T o i n t e r e s t on r e d e n i p t i o n of 1869, $8,691, 000
T o i n t e r e s t on r e d e m p t i o n of 1870, $28,151,900
T o i n t e r e s t on $29,936,250, a m o u n t of p r i n c i p a l of p u b l i c
d e b t p u r c h a s e d d u r i n g fiscal y e a r 1871 o n t h i s a c c o u n t .
744, 711 80
J u n e 30,1871
24, 806, 724 28
521, 460 00
1,689,114 00
B y a m o u n t of p r i n c i p a l purchased,$29,936,250, e s t i m a t e d
in gold
B y a c c r u e d i n t e r e s t on a c c o u n t of p u r c h a s e s i n 1 8 7 1 . . .
By balance to n e w accouut
>
28, 694, 017 73
307, 782 53
• 257, 474 32
1, 557, 264 50
29, 319, 274 58
29, 319, 274 58
n
^
w
H
July
1,1871
J u n e 30,1872
T o b a l a n c e from l a s t y e a r
T o 1 p e r cent, o n t h e p r i n c i p a l of t h e p u b l i c d e b t on
J u n e 30,1871, $2,353,211,332.32
T o i n t e r e s t on r e d e m p t i o n of 1869, $8,691,000
T o i n t e r e s t on r e d e m p t i o n of 1870, $28,151,900
T o i n t e r e s t on r e d e m p t i o n of 1871, $29,936,250
T o i n t e r e s t on r e d e m p t i o n of $32,618,450, a m o u n t of
Ijrincipal of p u b l i c d e b t p u r c h a s e d d u r i n g fiscal y e a r
1872 o n t h i s a c c o u n t
To balance to n e w account
257, 474 32
23, 532,113
521,460
1, 689,114
1, 796,175
32
00
00
00
J u n e 30,1872
B J a m o u n t of p r i n c i p a l purcha8ed,$32,618,450, e s t i m a t e d
i n gold
B y a c c r u e d i n t e r e s t on a c c o u n t of p u r c h a s e s i n 1872
32, 248, 645 22
430, 908 38
>
Ul
aKj
2, 059,325 50
2, 823, 891 46
32, 679, 553 60
§
32, 679, 553 00
July 1,1872^ To 1 per cent, on the principal of the public debt on
June 30,1872, $2,253,251,328.78
Jnne 30,1873 To interest on redemption of 1869, $8,691,000
To interest on redemption of 1870, $28,151,900
,
To interest on redemption of 1871, $29,936,250
To interest on redemption of 1872, $32,618,450
To interest on redemption of $28,678,000, amount of
principal of public debt purchased during fiscalyear
1873 on.this account
To balance to new account
July 1,1872 By balance from last year.
Byaraountof principalpurijhased, $28,678,000, estimated
in gold
By accrued interest on account of purchases in 1873
22,532,513 29 J u n e 30,1873
521, 460 00
1, 689,114 00
1, 796,175 00
1, 957,107 00
2,823,891 46
28,457,562 83
392, 385 45
1,725, 881 50
1, 451, 588 95
O
31, 673, 839 74
31, 673, 839 74
O
rt
^
W
July 1,1873 To 1 per cent, on the principal of the public debt on
June 30, 1873,^2,234,482,993.20
June 30,1874 To interest on redemption of 1869, $8,691,000
To interest on redemption of 1870, $28,151,900
To interest on redemption of 1871, $29,936,250
To interest on redemption of 1872, $32,618,450
To interest on redemption of 1873, $28,678,000
To interest on redemption of $12,936,450, amourt of
principal of public debt purchased during fiscal year
1874 on this account
July 1,1873 By balance from last year
B.y aniount of principal purchased, $12,936,450, estimated
in gold
By accrued interest on account of purchases in 1874
By balance
22, 344, 829 93 June 30,1874
521,460 00
1, 689,114 00
1, 796,175 00
1, 957,107 00
1,720, 680 60
1, 451, 588 95
H
12, 872, 850 74
222, 586 28
10, 305, 421 96
o
OQ
rt
H
n..
823, 082 00
30, 852,447 93
30, 852,447 93
o
rt
rt
1,1874 To 1 per cent, on the principal of the public debt on
June 30,1874, $2,251,690,468.43
-.
J u n e 30,1875 To interest on redemption of 1869, $8.691,000
To interest on redemption of 1870, $28,151,900
To interest on redemption of 1871, $29,936,250
To interest on redemption of 1872, $32,618,450
To interest on redemption of 1873, $28,678,000
To iuterest on redemption of 1874, $12,936,450
To interest on redemption of $25,170,400, amonnt of
principal of public debt " p a i d " during fiscal year
1875 on this account
July
22, 516, 904 68
. 521,460 00
1,689,114 00
1, 796,175 00
1, 957,107 00
1, 720, 680 00
776, 087 00
June 30,1875 By amount of principal redeemed, estimated in gold...
By accrued interest on account of redemption in 1875.
By balance
25,170, 400 00
353, 061 56
5, 996, 039 62
H
rt
>
Ul
a
541,793 50
31, 519, 501 18
31,519,501 18
IN5
T A B I i E I.—STATEMENT shoxving ihe CONDITION of the SINKING-FUND, c^^c—Continued.
THE SECRETARY OF THE TREASURY I N ACCOUNT W I T H SINKING-FUND.
DR.
July
1,1875
J u n e 30,1876
T o 1 p e r c e n t , on t h e p r i n c i p a l of t h e p u b l i c d e b t on
J u n e 30,1875, $2,232,284,531.95
T o i n t e r e s t on r e d e m p t i o n of 1869, $8,601,000
T o i n t e r e s t on r e d e m p t i o n of 1870, $28,151,900
T o i n t e r e s t on r e d e m p t i o n of 1871, $29,936,250
T o i n t e r e s t o n r e d e m p t i o n of 1872, $.32,618,450
T o i n t e r e s t on r e d e m p t i o n of 1873, $28,078,000
T o i n t e r e s t on r e d e m p t i o n of 1874, $12,936,450
T o i n t e r e s t on r e d e m p t i o n of 1875, $25,170,400
T o i n t e r e s t on r e d e r a p t i o n of $32,183,488.09, a m o u n t of
p r i n c i p a l of p u b l i c d e b t " p a i d " d u r i u g f i s c a l y e a r
1876 ou t h i s a c c o u n t
J u n e 30,1876
$22, 322, 845 32
521.460 CO
1, 689,114 00
1, 796,175 00
1, 957,107 00
1, 720, 680 00
776, 087 00
1, 510, 224 00
By
By
By
By
By
By
amount
accrued
amount
amount
amount
balance
of p r i n c i p a l r e d e e m e d , e s t i m a t e d i n g o l d .
i n t e r e s t on a c c o u n t of r e d e m p t i o n in 1876
of f r a c t i o n a l c u r r e n c y r e d e e m e d
of l e g a l - t e n d e r s r e d e e m e d
,
of certificates of i n d e b t e d n e s s r e d e e m e d .
_
July
1,1876
J u n e 30,1877
1,1877
J u n e 30,1878
T o 1 p e r c e u t . on t h e p r i n c i p a l of t h e p u b l i c d e b t on
J u n e 30,1877, $2.205,301,392.10
T o i u t e r e s t on r e d e m p t i o n of 1869, $8,691,000
T o i n t e r e s t on r e d e m p t i o n of 1870, $28,151,900
T o i n t e r e s t on r e d e m p t i o n of 1871, $29,936,250
T o i n t e r e s t on r e d e m p t i o n of 1872, $32,618,450
T o i n t e r e s t ou r e d e m p t i o n of 1873, $28,678,000
T o i n t e r e s t on r e d e m p t i o n bf 1874, $ 1 2 , 9 3 6 , 4 5 0 . . . . . . . . . . .
T o i n t e r e s t on r e d e m p t i o n of 1875, $25,170,400
T o i n t e r e s t on r e d e m p t i o n of 1876, $32,183,488.09
T o i n t e r e s t o n r e d e m p t i o n of 1877, $24,498,910.05
T o i n t e r e s t on r e d e m p t i o n of $17,012,634.57, a m o u n t of
p r i n c i p a l of p u b l i c d e b t " p a i d " d u r i n g fiscal y e a r
1878 on t h i s a c c o u n t
00
91
09
00
00
82
33, 584, 775 82
J u n e 30,1877
21,803,950
521,460
1,689,114
1,796,175
1, 957,107
1,720, 680
776, 087
1, 510, 224
1, 931, 009
67
00
(0
00
00
00
00 1
00
28
By
By
By
By
By
amount
accrued
amount
amount
balance
of p r i n c i p a l r e d e e m e d , e s t i m a t e d i n g o l d .
i n t e r e s t on a c c o u n t of r e d e m p t i o n i n 1877
of f r a c t i o n a l c u r r e n c y r e d e e m e d
.
of J e g a l - t e n d e r s r e d e e m e d
447, 500
5,776
14, 043, 458
10,007, 952
9, 225,146
00
52
05
00
63
OQ
rt
o
Pi
rt
o
rt
33, 729, 833 20
J u n e 30,1878
By
By
By
By
By
amount
accrued
amount
amount
balance
of p r i n c i p a l r e d e e m e d , e s t i m a t e d i n g o l d .
i n t e r e s t o n a c c o u n t of r e d e m p t i o n i n 1878
of fractional c u r r e n c y r e d e e m e d
of l e g a l - t e n d e r s r e d e e m e d
—
,
73, 950 00
809 92
3, 855, 368 57
13, 083, 316 00
18, 415, 557 31
rt
H
rt
Ul
d
4,197 00
35,429, 001 SO
W
rt
>
24, 026 25
22, 053, 013 92
521, 460 00
1, 689,114 00
1,796,175 CO
1, 957,107 00
1, 720, 680 00
776, 087 00 !
1, 510, 224 00
1, 931, 009 28
1, 469, 934 60
rt
rt
O
H
O
rt
33,729, 833 20
July
$18, 444, 050
257,'517
7, 062,142
5, 999, 296
678, 000
1,143, 769
1, 291, 083 50
33, 584, 775 82
T o 1 p e r c e n t , on t h e p r i n c i p a l of t h e p u b l i c d e b t o n
J u n e 30,1876, $2,180,395,067.15
T o i n t e r e s t on r e d e m p t i o n of 1869, $8,691,000
T o i n t e r e s t ou r e d e m p t i o n of 1870, $28,151,900
T o i n t e r e s t on r e d e m p t i o n of 1871, $29,936,250
T o i n t e r e s t on r e d e m p t i o n of 1872, $32,618,4.50
T o i n t e r e s t on r e d e m p t i o n of 1873, $28,678.000
T o i n t e r e s t on r e d e m p t i o n of 1874, $12,936,450
T o i n t e r e s t on r e d e m p t i o n of 1875, $25,170.400
T o i n t e r e s t on r e d e m p t i o n of 1876, $32,183,488.09
T o i n t e r e s t on r e d e m p t i o n of $24,498,919.05, a m o u n t of
p r i n c i p a l of p u b l i c d e b t " p a i d " d u r i n g fiscal y e a r
1877 on t h i s a c c o u n t
CR.
35,429,001 80
July
1,1878
J u n e 30,1879
To 1 per cent, on the principal of the public debt on
J u n e 30, 1878, $2,256,205,892.53
To interest on redemption ©f 1869, $8,691.000
To iaterest on redemption of 1870, $28,151,900
To interest on redemption of 1871, $29,936,250
To interest on redemption of 1872, $32,618,450
To interest on redemption of 1873, $28,678,000
To interest on redemption of 1874, $12.936,450
To interest on redemption of 1875, $25,170,400
To interest on redemption of 1876, $32,183,488.09
To interest on redemption of 1877, $24,498,910.05
,
To interest on redemption of 1878. $17,012,634.57
To interest on redemption of $723,662.99, amount of
principal of public debt " p a i d " during fiscal year
1879 on this account
22, 562, 058 93
521, 460 00
1, 689, 114 00
1,796, 175 00
1, 957, 107 00
1,720, 6^0 00
776, 087 00
1, 510, 224 00
1, 931, 009 28
1,469, 934 60
1,020, 758 07
J u n e 30,1879 By
By
By
By
amount of principal redeemed, estimated in gold..
accrued interest on account of redemption in 1879.
amount of fractional currency redeemed
balance
w
rt
rt
o
H
O
996 75
^
36, 955, 604 63
July
1,1879
J u n e 30,1880
To 1 per cent, on the principal of the public debt on
J u n e 30, 1879, $2,349,567.482.04
To balance from fiscal year 1874
$16,305,421 96
To balance from fiscal year 1875
5,996, 039 62
To balance frora fiscal year 1876
1,143,769 82
To balance from fiscal year 1877
9,225,146 63
To balance from fiscal year 1878
18,415, 557 31
To balance from fiscal year 1879
36,231,632 87
To interest on redemption of 1869, $8,691,000
To interest on redemption of 1870, $28,151,900
To interest on redemption of 1871. $29,936,250
To interest on redemptiod of 1872, $32,618,450
To iaterest on redemption of 1873, $28,678,000
To interest on redemption of 1874, $12,936,450
To iaterest on redemption of 1875, $25,170,400
To interest on redemption of 1876, $32,183,488.09
To interest on redemption of 1877, $24,498,910.05
To interest on redemption of 1878, $17,012,634.57
To interest on redemption of 1879, $723,662.99
To interest on redemption of $73,904,617.41, amount of
principal of public debt " p a i d " during flscal year
1880 on this account
18, 500 00
308 77
705,162 99
36, 231, 632 87
23,495,674 82
June 30,1880 By
By
By
By
By
amount of principal redeemed in 1880
accrued interest on account of redemption in 1880
amount of premium paid
amount of fractional currency redeemed
balance
36,955,604 63
73, 652,900 00
935,951 60
2,795, 320 42
251, 717 41
49, 817,128 78
87,317, 568 21
521, 460 00
1,689, 114 00
1,796, 175 00
1,957, 107 00
1,720, 680 00
776, 087 00
1, 510, 224 00
1,931, 009 28
1, 469, 934 60
1,020, 758 07
43, 419 78
Ul
rt
o
rt
;>
pi
o
rt
H
W
rt
H
rt
>
2,203,808 45
127,453,018 21
^
rt
127,453,018 21
Ul
d
Pi
T A B I D S : ^.—STATEMENT shoxving the CONDITION of the SINKING-FUND, ^-c—Continued.
T E E SECRETARY OF T H E TREASURY I N ACCOUNT W I T H THE SINKING-FUND.
DR.
To balance from last year
To 1 per cent, on the principal of the public debt on
J u n e 30,1880, $2,120,415,370.63
June 30,1881 To interest on redemption of 1869, $8,691,000
To interest on redemption of 1870, $28,151,0^0
To interest on redemption of 1871,$29,936,250..........
To in terest on. reel emption of 1872, $82,618,450
To interest on redemption of 1873, $28,678,000
To interest on-redemption of 1874, $12,936,450
To intere.st on redemption of 1875, $25,170,400
•.
To interest on redemption of 1876, $32,183,488.09
To interest on redemption of 1877, $24,498,910.05
To interest on redemption of 1878, $17,012,634.57
To interest on redemption of 1879, $723,662.99
To interiest on redemption of 1880, $73,904,617.41
To interest on redemption of $74,480,351.05, amount of
principal of public debt " p a i d " during fiscal year
1881 on this account... July
1,1880
$49, 817,128 78 June 30,1881 By amount of principal redeemed in 1881
21
153 .71
.400 00
114 00
175 00
10700
680 00
087 00.
224 00
009 28
934 60
758 07
419 78
762 04
By
By
By
By
accrued interest on account of redemption in 1881
amount of premium paid
amoimt of fractional currency redeemed
balance
1,1881
June 30,1882
To balance from last y e a r —
To 1 per cent, on the principal of the public debt on
J u n e 30, 1881, $2,069,013,569.58
To interest on redemptions pri©r to 1882
To interest on redemption of $60,137,855.55, amount of
principal of public debt " p a i d " during fiscal year
1882 on this account
."....,
1,1882
June 30,1883
To balance from last year.
To 1 per cent, on the principal of the public debt on
June 30, 1882, $1,918,312,994.03
.
To interest on redemptions prior to 1883
To interest on redemptiou of $44,897,256.96, araount of
principal of public debt " p a i d " duriug fiscal year
1883 on this account
Pi
rtrt.
O
rt
rt
QQ
2, 935, 731 65
16, 305, 873 47 June 30,1882 By
By
20, 690,135 70
By
22, 638, 857 83
By
92, 554, 744 91
amount.of principal redeemed in 1882
accrued interest on account of redemption in 1882
amount of fractional currency redeemed
balance
60, 079,150 00
612, 039 5:?
• 58, 705 55
461,309 15
June 30,1883 By
By
19,183,129 94
By
.24, 778, 517 16
By
461,309 15
rt
o
rt
rt
H
f>
rt
><
O
rt
1, 576, 337 23
61, 211, 204 23
July
$74, 371, 200 00
707, 421 61
. 1, 001, 248 78
109,001 05
16, 305,'873 47
H
92, 554, 744. 91
July
CR.
61, 211, 204 23
amount of principal redeemed in 1883
accrued interest on account of redemption in 1883
amomit of fractional currency redeemed
balance
44, 850, 700 00
329,761 48
46, 556 96
623,316 71
rt
H
rt
rt
>
Ul
d
rt
1,427,378 90
45, 850, 335 15
45, 850, 335 15
T A B I D S M..—STATEMENT shoiving the ANNUAL APPBOPBIATIONS made by CONGBESS for E A C H FISCAL YEAB from 1876 to 1884,
inclusive, together xvith the COIN VALUE of such APPBOPBIATIONS computed upon the average piice of gold for each year in question.
2d s e s s i o n
43d C o n g r e s s .
Fiscal year
1876.
2d session
1st session
44th C o n g r e s s . 4 4 t h C o n g r e s s .
Fiscal year
Fiscal year
1877.
1878.
1st a n d 2d
s e s s i o n s 45th
Congress
F i s c a l ye.ar
1879.
3d session
45th C o u g r e s s ,
2d session
3d session
1st session
2d session
a n d 1st session 46th C o n g r e s s . 46th C o n g r e s s . 47th C o n g r e s s . 4 7 t h C o n g r e s s .
46th C o n g r e s s .
Fiscal year
Fiscal year
Fiscal year
Fiscal year
Fiscal year
1881.
1882.
1883.
1884.
1880.
rt
rt.
rt'
o
Pi
H •'
T o s u p p l y deficiencies for
t h e s e r v i c e of t h o v a r i o u s
b r a n c h e s of t h e g o v e r n inent
F o r legislative, executive,
a n d j u d i c i a l e x p e n s e s of
the government
F o r s u n d r y civil e x p e n s e s
of t h e g o v e r n m e n t
F o r s u p p o r t of t h e A r m y . . .
For t h e naval service
F o r the Indian service ......
F o r f o r t s a n d fortifications.
F o r s u p p o r t of M i l i t a r y
Academy
. .
F o r s e r v i c e of Post-OflBce
Department
F o r i n v a l i d a n d o t h e r pens i o n s , i n c l u d i n g deficiencies
.:
F o r consular and diplomatic
service
F o r s e r v i c e of A g r i c u l t u r a l
Department
...
F o r e x p e n s e s of t h e D i s t r i c t of C o l u m b i a
F o r miscf'llaneous. . . . . .
Totals
Coin v a l u e of o n e
paper currency
o\
.$2, 387, 372 38
$834, 695 66
$2, 547, 186 31
$15,213,259 21
$4, 633, 824 55
$6,118, 085 10
$5,110, 862 39
$9, 853, 869 30
$2, 832, 680 04
•
16, 038, 699 49
16, 057, 020 82
15, 756, 774 05
15, 868, 694 50
16, 136, 230 31
16, 532, 008 93
17,797, 397 61
20, 322, 907 65
20, 763, 842 55
29, 459, 853
27, 933. 830
17,001, 306
5, 425, 627
6, 648, 517
850, 000
15, 895, 065
27,621,867
12,741,790
4, 567, 017
5,015,000
315, 000
17, 079, 250 19
24, 968, 589
51, 279, 679
14,153,431
4, 7.34, 875
8, 322, 700
275, 000
19, 724, 868
26, 797, 300
14, 028, 468
4, 713, 478
9, 577,494
275, 000
22, 503, 508
26.425, 800
14, 405, 797
4, 657, 262
8, 976, 500
550, 000
22,
26,
14,
4,
11,
25, 425, 479
27,032,099
14, 903, 558
5, 219, 603
18, 988, 875
375,000
23, 713, 404
24, 681,250
15, 954, 247
5, 388, 655
02
00
90
00
50
00
364, 740 00
58
90
90
63
00
00
"is,"539,'932 90
4, 827, 665 69
290, 065 00
286, 604 00
275, 000 00
68
39
70
72
00
00
292, 805 00
50
00
95
58
61
00
319, 547 33
23
00
70
72
00
00
316,234 28
Oil, 222
687, 800
506, 037
587, 866
451, 300
575, 000
87
00
55
80
00
00
322, 435 37
45
18
98
91
00
00
335, 557 04
Ul\
22
00
23
91
670, 009 00
rt,
o
rt^
rt:
Hi
318,657 50
8, 370. 205 00
5, 927,498 00
2, 939, 72.5 00
4, 222, 274 72
5, 872, 376 10
3. 883, 420 00
2,152,258 CO
1, 902, 177 90
Indefinite.
30, 000, 000 00
29, 533, 500 00
28, 533, 000 00
29, 371, 574 00
56, 233,200 00
41, 644, 000 00
68, 282, 306 68
116,000,000 00
86, 575, 000 00
1,374,985 00
1,188, 797 50
1.146, 747 50
1, 087,535 00
1, 097,735 00
1,180, 335 00
1,191, 435 00
1, 256, 655 00
1, 296, 255 00
253, 300 oo'
335,500 00
427,280 00
405,640 00
3, 425, 257 35
4, 959, 332 01
3,379,571 44
1,128, 006 15
3, 496, 060 47
5, 888, 993 69
3, 505 494 97
1, 806,438 75
162,404, 647 76 | 155, 830, 841 32
179, 578, 999 86
251, 428,117 57
187,911,566 17
1, 853, 804 52
4,134, 691 93
1,425, 091 49
2, 226, 390 29
147,714, 940 81
124,122, 010 92
88,358,983 13
172, 016, 809 21
87.8
92.7
97.6
99.8
100
100
100
100
100
129, 693,718 03
115, 061,104 12
86, 236,415 53
171, 672, 775 59
162,404, 647 76
155, 830,841 32
179, 578, 999 80
251,428,117 57
187.911,566 17
2, 995,123 77
rtl
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dollar
Coin v a l u e of a m o u n t a p propriated
IN3
TABIi£
"Li.—STATEMENT
showing the P U B C H A S E of BONDS on account of the S I N K I N G - F U N D during each fiscal year from its institution in
May, 1869, to and including June 30, 1883.
Year ended-
Principal re- Premium paid. Net cost i
deemed.
currency.
d u e Accrued inter- Balance of inNet cost esti- Interest
terest due at
at close of
est paid in
mated in gold.
close of fiscal
fiscal year.
coin.
year.
J U N E 30, 1869,
Five-twenties of 1862
,
Five-twenties of March, 1864
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868
Total
.-
$1, 621, 000 00
70, 000 00
1, 051, 000 00
46.5, 000 00
461, 000 00
4,718, 000 00
305, 000 00
$253, 822 84
11, 725 00
161, 946 45
74, 969 00
73, 736 80
749, 208 08
49,442 50
8, 691, 000 00
1, 374, 850 67
$1, 874, 822 84 $1, 349, 970 02
81, 725 00
57, 552 82
1, 212,946 45
873,205 61
387, 566 28
539, 969 00
387, 903 26
534, 736 80
3, 948, 586 11
5,467, 208 08
256, 653 20
354, 442 50
$10, 210 00
700 00
10, 510 00
4, 650 00
13, 830 00
141, 540 00
9,150 00
$7, 384 60
218 63
1, 470 42
2,683 54
429 04
116, 032 35
8,173 98
10,065, 850 67
7, 261,437 30
196, 590 00
136, 392 56
3, 542, 050 00
85, 000 00
3, 971, 400 00
2, 790, 250 00
11, 532,150 00
5, 882, 550 00
348, 500 00
493, 479 42
4, 035, 529 42 3, 263, 099 51
15, 742 87
100, 742 87
75, 658 .54
506,189 91
4,477, 589 91
3, 647, 628 29
361, 735 43
3,151, 985 43
2, 606, 636 20
1, 454, 778 37 12, 986, 928 37 10, 681, 736 97
861, 763 73
6, 744, 313 '73 5,309, 810 90
53, 363 95
401, 863 95
308, 573 16
160, 919 50
5, 350 00
165, 834 00
105, 257 50
495,421 50
302, 734 50
19, 380 00
45, 994 49
1, 080 99
49,946 00
37,113 53
145, 518 29
66, 111 51
5, 238 73
114, 925 01
4, 269 01
115, 888 00
68,143 97
349, 903 21
236, 622 99
14,141 27
Total
28,151, 900 00
3, 747, 053 68 31, 898, 953 68 25,893,143 57
351, 003 54
903, 893 46
rt
rt
rt
O
rt
$8,825 40
o
481 37
9, 039 58
rt
1,966 46
13, 400 98 . H
25, 507 65
976 02
rt
Ul
60,197 44
rt
Q
Pi
J U N E 30 1870.
Five-twenties of 1862
Five twenties of March, 1864
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868
:
IN3
rt
1,254, 897 00
o
rt
rt
J U N E 30, 1871,
Five-twenties of 1862
Five-twenties of March, 1864
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865.'.
Consols, 1867
Consols, 1868
Total
2, 792, 950 00
29, 500 00
3, 967,350 00
6, 768, 600 00
10, 222, 200 00
6,103, 050 00
52, 600 00
29, 936, 250 00
227,
2,
340,
574,
850,
541,
4,
607
277
529
923
949
559
784
56 3, 020, 557 56
20
31,777 20
63 4, 307,879 63
00
7,343, 523 00
79 11, 073,149 79
41
6, 644, 609 41
61
57, 384 61
2,680,209 05
28, 590 88
3, 847,182 42
6, 525, 231 42
9,762,387 78
5, 800, 618 37
49, 797 81
145, 975 00
1,240 00
201, 375 00
331, 933 50
522,117 00
351, 528 00
3, 096 00
36, 657 80
388 35
51, 703 46
92, 259 58
109,455 28
76, 745 93
572 13
109, 317 20
851 65
149, 671 54
239, 673 92
412, 661 72
274, 782 07
2, 523 87
2, 542, 631 20 32, 478, 881 20 28, 694, 017 73
1,557,264 50
367, 782 53
1,189,481 97
rt
rt
f>
QQ
d
rt
Kj
J U N E 30, 1872.
Five-twenties of
Five-twenties of
Fiye-twenties of
Five-twenties of
Consols, 1865
Consols, 1867
Consols, 1868
1862
March, 1864
June, 1864
1865
:
:
Total
6,417, 850 00
127,100 00
3, 604, 650 00
3, 635,200 00
11, 788, 900 00
6, 958, 900 00
85, 850 00
764, 055 21
14, 959 03
438, 656 16
436, 838 70
1, 436, 989 46
833,600 15
9, 951 63
7,181, 905 21
6, 345. 391 98
142, 059.03
126,123 46
4,043,306 16
3, 573, 223 63
4, 072, 038 70 3, 594,747 85
13, 225, 889 46 11, 660,785 89
7, 792, 500 15
6, 863,777 39
95, 801 63
84, 595 02
427, 849 00
8, 894 00
246, 091 50
246, 562 00
707, 334 00
417, 534 00
5,151 00
75,179 43
1, 338 70
57,449 80
37, 817 37
149, 248 21
' 108,487 92
1, 386 95
352, 669 57
7, 555 30'
188, 551 70
208,744 63
558, 085 79
309, 046 08
3,764 05
32, 618,450 00
3,935, 050 34
1, 553, 500 34 32, 248, 645 22
2, 059, 325 50
430, 908 38
1, 628,417 12
7,137,100
50, 000
3,741,150
1, 959, 850
10. 768. 250
4,402,100
619, 550
00
00
00
00
00
00
00
925,783 87
7, 372 50
480, 684 37
250, 635 93
1, 371,187 17
553, 610 89
81,983 44
8, 062, 883 87
7, 089, 542 58
57, 372 50
49,780 91
4, 221, 834 37 3,715, 211 22
2, 210, 485 93
1, 943,488 93
12,139,437 17
10, 668, 617 09
4, 955,710 89
4, 373, 781 76
701, 533 44
617,140 34
431, 450 50
3, 500 00
223,270 50
120,266 50
646, 095 00
264,126 00
37,173 00
101, 960 57
813 70
42, 216 46
23,744 47
145,069 34
69, 632 51
8,948 40
28, 678, 000 00
3, 671, 258 17
I, 349, 258 17 28,457, 562 83
1, 725, 881 50
392, 385 45
J U N E 30, 1873.
Five-twenties of
Five-twenties of
Five-twenties of
Five-twenties of
Consols, 1865
Consols, 1867
Consols, 1868
1862
March, 1864....June, 1864
1865
Total
329, 489
2, 686
181, 054
96, 522
501, 025
194, 493
28, 224
93
30
04
03
66
49
60
1, 333, 496 05.
Total
o
rt
rt
m
rt
o
rt
rt
H
>
J U N E 30, 1874.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Consols, 1865
Consols, 1867
Consols, 1868
^
rt
rt
rt
2
,
,
1,421,700 00
2,020, 550 00
1, 247,250 00
3, 393, 650 00
4, 051, 000 00
802,300 00
161, 219
218,457
135, 577
360, 964
432, 348
86, 505
79
89
95
62
18
62
1, 582, 919 79
2,239, 007 39
1, 382, 827 95
3,754, 614 62
4,483, 348 18
888, 805 62
1,415, 391 05
2, 012, 051 32
1, 241, 571 69
3, 374, 934 42
4, 029, 975 86
798, 926 40
99, 519 00
141,438 50
87, 307 50
203, 619 00
243, 060 00
48,138 00
31,743 95
48, 013 46
29.348 19
46,489 33
55, 976 97
11, 014 38
14, 331, 523 55
12, 872, 850 74
823, 082 00
222, 586 28
600, 495 72
25,170.400 00
25,170,400 00
541,973 50
353, 061 56
188, 911 94
5,785, 200 00
10,869, 600 00
1,789,250 00
5,785, 200 00
10, 869, 600 00
1,789, 250 00
18,444,050 00
18,444,050 00
12, 936,450 00
1, 395, 073 55
67, 775
93, 425
-57, 959
157, 129
187, 083
37, 123
05
04
31
67
03
62
Pi
Ki
o
rt
W
rt
J U N E 30, 1875.
Five-twenties of 1862.
00
rt
J U N E 30, 1876.
Five-twenties of 1862
Five-twenties of June, 1864
Five-twenties of 1865
Total
404, 964 00
760, 872 00
125,247 50
54,745 72
171, 966 33
30, 805 86
1, 291,083 50
257, 517 Sft
350, 218 28
588, 905 67
94,441 64
1,033, 565 59
to
T A B I . E JJ.—STATEMENT shoiving the P U B C H A S E of BONDS on account of the SINKING-FUND, #c.—Continued.
to
00
Y e a r ended—
P r i n c i p a l redeemed.
P r e m i u m paid.
N e t cost in
currency.
N e t c o s t estim a t e d i n gold.
Interest due
a t close of
fiscal y e a r .
A c c r u e d intere s t p a i d in
coin.
B a l a n c e of interest due at
c l o s e o f fiscal
year.
J U N E 30, 1877.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Consols, 1865
Consols, 1867
$81, 200
178, 900
180, 350
6, 050
1, 000
00
00
00
00
00
$81, 200
178, 900
180, 350
6,050
1, 000
447, 500 00
Total
J U N E 30, 1878.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Consols, 1865
Consols, 1867
Consols, 1868
17, 900
1.5,900
2, 350
23, 600
5, 700
8. 500
447, 500 00
00
00
00
00
00
00
17, 900
15, 900
2, 350
23, 600
5,700
8, 500
00
00
00
00
00
00
73, 950 00
73,950 00
Total
00
00
00
00
00
$4, 352
9,943
9, 519
181
30
25
50
00
50
00
24, 026 25
966
834
129
1, 416
342
510
00
00
00
00
00
00
4,197 00
$1,181
1, 323
3,141
108
21
67
60
08
97
20
$3,170
8, 619
6, 377
72
8
58
90
92
53
80
5,776 52
18,249 73
192
78
40
273
134
89
773
755
88
., 142
207420
65
41
92
35
76
83
809 92
35
59
08
65
24
17
3, 387 08
J U N E 30, 1879.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
Consols, 1865
Consols, 1867
Coiisols, 1868
Total
J U N E 30, 1880.
F i v e - t w e n t i e s of 1862
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s ef 1865
T e n - f o r t i e s of 1864
L o a n of F e b r u a r y , 1861
L o a n of J u l y a n d August*, 1861 — . —
L o a n of M a r c h , 1863
Oregon w a r d e b t
F u n d e d l o a n of 1881
F u n d e d loan of 1907
Total
2, 650
3, 150
1,850
1,700
9,050
100
2, 650
3,150
1,850
1, 700
9, 050
100
00
00
00
00
00
00
18, 500 00
18, 500 00
100
100
250
676, 050
2, 837, 000
32, 064, 250
12, 797,150
202, 550
23, 575, 450
1, 500, 000
00
00
00
00
00
00
00
00
00
00
73, 652, 900 00
00
00
00
00
00
00
$74,161
, 376, 085
549, 035
8, 273
662, 206
125, 558
95
04
18
02
97
26
2, 795, 320 42
100
100
250
676, 050
2,911,161
33, 440, 335
13, 346,185
210, 823
24, 237, 656
1, 625, 558
00
00
00
00
95
04
18
02
97
26
76,448, 220 42
165
94
85
102
543
6
75
50
50
00
00
00
996 75
4
4
14
28,168
85,110
1,165, 807
484, 747
9, 787
415,162
15, 000
00
00
50
75
00
50
50
50
70
00
2, 203, 806 45
40
18
41
41
166
56
35
53
22
49
62
00
308 77
5
12,872
47, 540
518,148
213,179
3, 662
130, 349
10,191
67
49
85
65
20
79
29
56
36
74
935, 951. 60
125
75
44
60
376
5
40
97
28
51
38
44
687 98
3 33
3 51
8 65
15, 296 10
37, 569 80
647, 658 71
271, 568 21
6,124 94
284, 813 34
4, 808 26
1,267,854 85
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J U N E 30, 1881.
F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865
F i v e - t w e n t i e s of 1862 .
L o a n of F e b r u a r y , 1861
L o a n of J u l v a n d Auerust 1861
L o a n of M a r c h 1863
Oregon w a r d e b t
F u n d e d loan of 1881
. . .
50
100
3,000
7,775, 000
16, 712,450
7, 057,100
54, 250
42, 769,400
00
00
00
00
00
00
00
00
74, 371, 350 00
Total
51,277
488, 876
199, 514
1, 408
320,171
50
100
3, 000
7, 826, 277
17, 201, 326
7, 256, 614
55, 658
43, 089, 571
58
11
62
65
82
1, 061, 248 78
00
00
00
58
11
62
65
82
75,432, 598 78
3
7
210
462, 390
1, 002, 747
361, 315
2, 584
1,106,474
50
00
00
00
00
50
50
15
. 2, 935, 731 65
1
80
160, 072
200, 043
83, 330
551
263, 342
25
74
22
88
95
51
11
94
707, 423 60
3
5
129
302, 317
802,703
277, 984
2, 033
843,131
25
26
78
12
05
99
39
21
2, 228, 308 05
J U N E 30, 1882.
L o a n of
L o a n of
Funded
Funded
J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3^ p e r c e n t
M a r c h 1863 fcontinued a t 3 i n e r c e n t
l o a n of 1881 c o n t i n u e d a t 3h p e r c e n t
..
....
load of 1881'
55, 215, 850
2, 637, 850
1, 000
2, 224,450
55, 215, 850
2, 637, 850
1, 0002, 224, 450
00
00
00
00
60 079 1.50 00
Total
00
00
00
00
60, 079,150 00
1, 368, 894
91, 701
23
115,717
64
75
33
53
1, 576, 337 23
579,493
25, 771
2
6, 771
12
80
78
83
612, 039 53
789, 401 50
65, 929 95
20 55
108, 945 70
964,297 70
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J U N E 30, 1883.
F i v e - t w e n t i e s of 1862
F u n d e d loan of 1881
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d a t 3 | p e r c e n t
L o a n of M a r c h 1863 c o n t i n u e d a t 34 n e r c e n t
F u n d e d loan of 1881 c o n t i n u e d a t 3^ p e r c e n t
Total
Grand total
100
41, 300
661, 750
34,128,150
10, 019,400
100
41, 300
661, 750
34,128,150
10, 019, 400
00
00
00
00
00
44, 850, 700 00
438,120, 550 00
20, 522,486 81
157, 677, 967 61
00
00
00
00
00
5
1, 716
20, 760
1,171, 034
233, 862
50
66
25
37
12
14
138
5, 293
186, 913
137,402
18
13
40
66
11
8
1, 578
15, 466
984,120
• 96,460
68
53
85
71
01
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44, 850,700 00
1, 427, 378 90
329, 761 48
1, 097, 617 42
O
436, 392, 726 59
17, 022, 571 73
5,103, 709 63
12, 518, 862 10
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CO
T A B I i £ m.—STATEMENT of the OUTSTANDING P B I N C I P A L of the P U B L I C D E B T of the UNITJED STATES, June 30, 1883.
CO
o
Length of
loan.
When redeem- Kate of in- atPrice
author- Ainount issued. Amount outwhich Amount
able.
terest.
ized.
standing.
sold.
OLD DEBT.
For detailed information in regard to the earlier loans embraced under
this head, see Finance Report for 1876.
On demand .
5 and 6 per
cent.
Indefinite.
$57,665 00
TREASURY NOTES PRIOR TO 1846.
Acts of October 12, 1837 (5 Statutes, 201); May 21, 1838 (5 Statutes,
228); March 2, 1839 (5 Statutes, 323); March 31,1840 (5 Statutes, 370);
Febmary 15,1841 (5 Statutes, 411); January 31,1842 (5 Statutes, 469);
August 31,1842 (5 Statutes, 581) j andMarch3,1843 (5 Statutes, 614).
land 2 years. 1 and 2 years ^ of 1 to 6
from date.
per cent.
Par
$51, oeo, 000 00 $47, 002,900 00
82, 525 35
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1 year
One year from ^ of 1 to 5 | Par
per cent.
date.
5 years
5 years from
date.
MEXICAN INDEMNITY.
Actof Aug ust 10, 1846 (9 Statutes, 94)
LOAN OF 1847.
Act of January 28, 1847 (9 Statutes, 118)
TEXAN INDEMNITY STOCK.
Act of September 9,1850 (9 Statutes, 447)
TREASURY NOTES OF 1857.
Act of December 23,1857 (11 Statutes, 257)
LOAN OF 1858.
Actof June 14,1858 (11 Statutes, 365)
7, 687, 800 00
J20,000 00
land 2 years. 1 and 2 years §1 and 6 per Par
cent.
from date.
23, 000, 000 00
*26,122,100 00
23,000,'000 00
t28, 230, 350 00
303, 573 92
5, 900 00
1,104 91
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20 years
January 1,1868 6 per cent.
BOUNTY-LAND SCRIP.
Act of February 11,1847 (9 Statutes, 125)
10, 000, 000 00
5 per cent .. Par
TREASURY NOTES OF 1847.
Act of January 28,1847 (9 Statutes, 118)
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TREASURY NOTES OF 1846.
Actof July 22, 1846 (9 Statutes, 39)
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11 to 2
per cent,
prem'm.
Indefinite... A t the pleas- 6 per cent.
ure of the
government.
Par
14 years
January 1,1865 5 per cent.
Par
lyear
1 year from
date.
15 years
January 1,1874 5 per cent... Average
premin
of3^V
3 to 6 per
cent.
Par
Indefinite.
10, 000, 000 00
Indefinite
20,000,000 00
233, 075 00
950 00
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1,250 00
w
3,175 00
5, 000, 000 00
20, 000 00
52, 778, 900 00
1,700 00
20, 000, 000 00
7, 000 00'
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LOAN OF 1860.
Act of June 22, 1860 (12 Statutes, 79)
10 years.
LOAN OF FEBRUARY, 1861 (1881s).
Act of February 8, 1861 (12 Statutes, 129)
January 1,18711 5 per ceut .. P a r to
iTlnrPer
ct.pr'm.
10 or 20 years Dec. 31,1880 .
6 per cent.
21, 000, 000 00
7, 022, 000 00
10, 000 00
(Av.)89.03! 25, 000, 000 00
18, 415, 000 00
64,000-00
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TREASURY NOTES OF 1861.
60 days or 2 60 days or 2 6 per cent.
years a f t e r
years.
date.
Act of March 2, 1861 (12 Statutes, 178)
P a r to Indefinite.
lT%'^per
ct.pr'm.
35, 364, 450 00
3, COO 00
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1, 090, 850 00
7, 500 00
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OREGON WAR DEBT.
Actof March 2, 1861 (12 Statutes, 198)
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20 years.
'
July 1,1881...
6 per cent.
Par
.2, 800, 000 00
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LOAN OF J U L Y AND AUGUST, 1861.
Ul
The act of July 17, 1861 (12 Statutes, 259), authorized the issue of 20 years.
$250,000,000 bonds, with interest at not exceeding 7 per centum per
annura, redeemable after twenty years. The act of August 5, 1861
(12 Statutes, 313), authorized the issue of bonds, with interest at 6
per centum per annum, payable after twenty years from date, in
exchange for 7.30 notes issued under the act of J u l y 17,1861.
After June 30,
1881.
6 per cent.. Par .
250, 000, 000 00 189, 321, 350 00
412,700 00
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LOAN OF J U L Y AND AUGUST, 1861.
Continued at 3^ per cent, interest, and redeemable at the pleasure of
the govemment.
Indefinite... At the pleas- 3^ per cent.
ure of the
govemment.
Par .
Indefinite.
Par .
821,100 00
OLD DEMAND-NOTES.
Acts of J u l y 17, 1861 (12 Statutes, 259); August 5, 1861 (12 Statutes,
313); February 12, 1862 (12 Statutes, 338).
• SEVEN-THIRTIES OF 1861.
FIYE-TWENTIES OF 1862.
Acts of February 25,1862 (12 Statutes, 345); March 3,1864 (13 Statutes,
13), and January 28,1865 (13 Statutes, 425)!
* Including reissues.
On d e m a n d — None .
60, 000,000 00
*60, 030, 000 00
58, 985 00
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Act of J u l y 17, 1861 (12 Statutes, 259)
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3 years
Aug. 19 and If'xj per cent. Av.pre.of Indefinite.
Oct. 1,1864.
5 or 20 years. May 1,1867.... 6 per cent
[Av.pre. ofj
515,000, 000 00
f Including conversion of Treasury notes.
130, 999, 750 00
16, 250 00
514, 771, 600 00
359, 600 00
05
T A B I i E m . — S T A T E M E N T of tlie OUTSTANDING P B I N C I P A L of the P U B L I C DEBT, tfc—Continued.
OO
to
Length of
loan.
When redeemable.
Rate of interest.
Price
author- Amount issued. Amount outat which Amount
standing.
ized.
sold.
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LEGAL-TENDER NOTES.
o
The act of February 25,1862 (12 Statutes, 345), authorized the issue of
$150,000,000UnitedStatesnotes,notbearinginterest,payabletobearer,
at the Treasury of the Uuited States, and of suchdenominationg, not
less than five dollars, as the Secretary of the Treasury might deem
expedient, $50,000,000 to be applied to the redemption of demandnotes authorized by the act of July 17,1861; these notes to be a legal
tender in paymentof all debts, public aud iirivate, within the United
States, except duties bn imports and interest on the public debt, and
to be exchangeable for six per cent. United States bonds. The a<5t
of July 11,1862 (12 Statutes, 532), authorized an additional issue of
$150,000,000-of such denominations as the Secretary ofthe Treasury
might deem expedient, but no such note should be for a fractional
part of a doUar, andnot raore than $35,000,000 of a lower denomination than five dollars.; these notes to be a legal tender as before authorized. The act of March 3, 1863 (12 Statutes, 710), authorized an
additional issueof $150,000,000 of such denominations, not less than
one dollar, as the Secretary ofthe Treasury might prescribe; which
notes were made a legal tender as before authorized. The same acfc
limited the time iu which Treasury notes might be exchanged for
United States bonds to July 1,1863. The araount of notes authorized by this act wore to be in lieu of $100,000,000 authorized by the
resolution of January 17,1863 (12 Statutes, 822).
Indefinite... On. dem and -.. None .
Par.
$450, 000, 000 00
$346,681,016 00
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TEMPORARY LOAN.
Acts of February 25,1862 (12 Statutes, 346), March 17,1862 (12 Statutes,
370), July 11,1862 (12 Statutes, 532), and June 30,1864 (13 Statutes,
218).
Indefinite... After ten days' 4, 5, aud 6
notice.
per cent.
Par.
150,000, 000 00
$716,099,247 16
2,960 00
No limit .
561,753, 241 65
4,000 00
CERTIFICATES OF INDEBTEDNESS.
Acts of March 1,1862 (12 Statutes. 352), May 17,1862 (12 Statutes, 370),
and March 3, 1863 (12 Statotes, 710).
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1 year
1 year after 6 per cent... Par
date.
! •
Indefinite... On presentation.
None .
Par.
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FRACTIONAL CURRENCY.
Acts of July 17.1862 (12 Statutes, 592), March 3,1863 (12 Statutes, 711),
and June 30, 1864 (13 Statutes, 220).
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50, 000, 000 00 1*368, 720, 079 51
/
7, 000, 690 81
LOAN OF 1863.
The act of March 3, 1863 (12 Statutes, 709), authorized a loan of 17 years.
$900,000,000, and the issue of bonds, with interest not exceeding 6
per centum per annum, and redeeraable in not less than ten nor
more than forty years, ijrincipal and interest payable in coin. The
act of June 30", 1864 (13 Statutes, 219), repeals the above authority
except as to the $75,000,000 of bonds already advertised for.
Bonds of this loan continued at 3^ per cent, interest, and redeemable Indefinite.
at the pleasure of the government.
July 1,1881 . .
6 per cent... Average
premium of
75,000,000 00
75, 000, 000 00
At the pleasure] 3-^ per c e n t . . Par
of the government.
98, 050 00
460, 300 00
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ONE-YEAR NOTES OF 1863.
^
Act of March 3,1863 (12 Statutes, 710)
,
1 year.
1 year
date.
after
5 i)er cent... Par
400, 000, 000 00
44, 520, 000 00
40, 665 00
2 years .
2 yeai-s after
date.
5 per cent... Par
400, 000, 000 00 166,480, 000 00
31,100 00
None
Indefinite
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TWO-YEAR NOTES OF 1863.
Act of March 3,1863 (12 Statutes, 710)
:
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GOLD-CERTIFICATES.
Act of March 3,1863 (12 Statutes, 711)
Indefinite... On demand . .
Par
82, 378, 640 00
COMPOUND-INTEREST NOTES.
Acts of March 3,1863 (12 Statutes. 710), and June 30,1864 (13 Statutes,
218).
TEN-FORTIES OF 1864.
Act of March 3,1864 (13 Statutes, 13)
3 years from
(5ate.
3 years.
266, 595, 440 00
213, 620 00
Par to 7 200, 000, 000 00 196,118, 300 00
per c't
prem.
251,150 00
6 per cent., Av.prem. 400, 000, 000 00 125, 561, 300 00
0f2xWtT.
,50,400 00
6 por cent, Par ...... .400,000,000 00
compound.
10 or 40years. March 1,1874.. 5 per cent.
5 or 20 years. Nov. 1,1869 . .
SEVEN-THIRTIES OF 1864 AND 1865.
Acts of J u n e 30, 1864 (13 Statutes, 218), January 28, 1865 (13 Statutes,
425), and March 3,1865 (13 Statutes, 468).
3 j-ears
A
Aug. 15,1867 )
June 15,1868 > lj% per c't. ^ Av. prem. ^800, 000, 000 00 829, 992, 500 00 \
of IMTTJuly 15,1868)
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137,150 00
NAVY PENSION FUND.
The act of July 1,1864 (13 Statutes, 414), authorized the Secretary of Indefinite.
Indefinite.
the Navy to invest iu registered securities of the United States so
much of the Navy pension fund in tho Treasury J.inuary 1 aud July
1 in each year as would not be required for tlie payment of naval
pensions. Section 2of ihe actof July 23,1868 (15 Statutes, 170), fixed
the interest on this fund at 3 per centum per annum in lawfulmoney
and confined its use to the xiayment of naval jiensions exclusively.
* Including reissues.
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FIYE-TWENTIES OF JUNE, 1864.
Act of June 30, 1864 (13 Statutes, 218)
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3 iDcr cent... Par
Indefinite
14, 000, 000 00
.14, 000, 000 00
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T A B I . E m . S T A T E M E N T of the OUTSTANDING PBINCIPAL of the PUBLIC DEBT, ^c—Continned.
Length of
loan.
When redeemable.
Rate of interest.
Price
authorat which Amount
Amount issued.
ized.
sold.
00
Araount outstanding.
FIVE-TWENTIES OF 1865.
Acts of March 3, 1865 (13 Statutes, 468), and April 12, 1866 (14 Statutes, 31).
5 or 20 years. Nov. .1,1870 .
Oper cent... Av. prem Indefinite.
$203, 327, 250 00
$61,150 00
of 2XWTT
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CONSOLS OF 1865.
Acts of March 3, 1865 (13 Statutes, 468), and April 12, 1866 (14 Statutes, 31).
5 or 20 years. J u l y 1,1870 ..
6 per cent... Av. prem. Indefinite.
332, 998, 950 00
342, 000. 00
6 per cent... Av. prem. Indefiniteof Ix^TT
379, 618, 000 00
727, 050 00
6 per cent.. I Av. prem Indefinite.
42, 539, 350 00
118, 850 00
of 3XVTTV
CONSOLS OF 1867.
Acts of March 3, 1865 (13 Statutes, 468), and April 12, 1866 (14 Statutes, 31).
.
5 or 20 years
July 1, 1872.
5 or 20 years
J u l y 1, 1873.
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pi--
. THREE-PER-CENT. CERTIFICATES.
Acts of March 2, 1867 (14 Statutes, 558). and July 25,1868 (15 Statutes,
183).
rtrt-
CONSOLS OF 1868.
Acts of March 3, 1865 (13 Statutes, 468), and April 12, 1866 (14 Statutes, 31).
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Indefinite..
On demand .
3per cent..
Par.
$75, eoo, 000 00 *85,1.55, 000 00
5, 000 00
FIVE-PER-CENT. LOAN OF 1881.
The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplns revenues from time to time
in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par, in coin, either of the description of
bonds of the United States described in the act of July 14, 1870 (16
Statutes, 272), to the extent necessary for the redemption of fractional currency in silver coins of the denominations oi ten, twentyfive, and fifty cents of standard value.
The act of March 3, 1875 (18 Statutes, 466), directs the Secretary of
the Treasury to issue bonds of the character and description set out
in the act of July 14,1870 (16 Statutes, 272), to James B. Eads or his
legal representatives in payment at par of the warrants of the Secretary of W a r for the constructionof jetties and auxiliary works to
maintain a wide and deep channel between the South Pass of the
Mississippi River and the Gulf of Mexico, imless Congress shall
have previously provided for the payment of the same by tho necessary appropriation of money.
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The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of )-10 years.
$200,000,000 at 5 per centum, principal and interest payable" incoin
ofthe present standard value, at the pleasure of the United States
Government, after tcn years; these bonds to be exempt from the
paynient of aH taxes or duties of the United States, as wellas from
taxation inany form by or under State, municipal, or local authority.
Bonds aind coupons payable at the Treasury of the United States.
This act rot to authorize an increase of the bonded debt of the
TJnited States. Bonds to be sold at not less than par in coin, and the
proceeds to be applied to the redemption of outstanding 5-20s, or to
be exchanged for said 5-203, par for par. Payment of these bonds,
when due, to be made in order of dates and numbers, beginning with
each class last dated and numbered. Interest to cease at the end
of three months from notice of intention to redeem. The act of .lanuary 20, 1871 (16 Statutes, 399), increases the amount of 5 percents
to $500,000,000, provided the total amount of bonds issued shall not
exceed the amount originaUy anthorized, and authorizes the interest
on any of tbese bonds to be paid quarterly.
The act of Deceraber 17,1873 (18 Statutes, ij, authorized the issue of an
equal araount of bonds ofthe loan of 1858, which the holders thereof
may, on or before February 1, 1874, elect to exchange for the bonds
ofiihisloan.
FOUR-AND-ONE-HALF-PER-CENT. LOAN OF 1891.
FUNDING.)
517, 994,150 00 Y
M a y l , 1881,.. 5 per cent... Par
411, 250 00
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(RE-
The act of July 14, 1870 (16 Statutes, 272), .authorizes the issue of
$300,000,000 at 4^ per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after
fifteen years; these bonds to be exempt from the payment of all
taxes or duties of theUnited States, as well as from taxation in any
form by or under State, municipal, or local authority. Bonds and
coupons payable at the Treasury of the United States. This act not
to authorize an increase of the bonded debt of the United States.
Bonds to be sold at not less than par in coin, and the proceeds to be
applied to the redemption of outstanding 5-20s, or to be exchanged
for said 5-20s, par .for par. Payment of these bonds, when due" to
bemade in order of dates and numbers, beginning with each class
last dated and numbered. Interest to cease at the end of three
months from notice of intention to redeera.
15 years . . .
Sept. 1,1891..
4^ per cent.
185, 000, 000 00 185, 000, 000 00
Par.
FOUR-PER-CENT. LOAN OF 1907.
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$1500,000,00000
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(REFUNDING.)
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of
$1,000,000,000 at 4 per ceutum, payablein coin of thepresent standard
value, at the pleasure of the" United States Government, after thirty
years; these bonds to be exempt from the iiaymefit of all taxes or
duties of the United States, as well as from taxation in any form by
or under State, municipal, or local authority. Bonds and coupons
payable at the Treasury of the United States. This act not to au-
>
30 years.
July 1, 1907.
4 per cent... P a r t o
one- half
percent,
premium.
708, 980, 800 00 707, 086, 300 00
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T A B I . E m . S T A T E M E N T of the OUTSTANDING PBINCIPAL of the PUBLIC DEBT, ^c—Continued.
OO
05
Length of When redeem- Rate of in- atPrice
authorAmount outwhich Amount
loan.
terest.
able.
ized, „ Amount Issued,
standing.
sold.
rt
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o
thorize au iucrease of the bonded debt of the United States. Bonds
to be sold at not less than par in coin, and the proceeds to be applied
"to the redemption of crutstanding 5-20s, or to be exchanged for said
5-20s, par tor par. Payment of these bondsi when due, to be made
in order of d.atos and numbers, beginning with each class last dated
and numbered. Interest to cease at the end of three raonths from
notice of. intention to redeem. See Refunding Certificates, page 36.
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FOUR-AND-ONE-HALF-PER-CENT. LOAN OF 1891.-(RESUMPTION).
The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of,
at not less than i)ar, in coin, either of the description of bonds of
the United States described in the act of July 14, 1870 (16 Statutes,
272), for the purpose of redeeming, on and after January 1, 1879, in
coin, at the office of the assistant treasurer of the United States in
New York, the outstanding United States legal-tender notes when
presented in sums of not less than fifty dollars.
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15 years.
Sept. 1,1891.
4^ per cent.
P a r t o Indefinite.
one and
^one-half
'percent,
p remi um.
$65, 000, 000 00
Indefinite.
30,500, 000 00
$65, 000, 000 00
FOUR-PER-CENT. LOAN OF 1907.—(RESUMPTION).
The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any sui-plus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of,
at not less than par, in coin, either of the description of bonds of
the United States described in the act of July 14, 1870 (16 Statutes,
272), for the purpose of redeeming, on and after Jauuary 1, 1879, in
coin, at the office of the assistant treasurer of the United States in
New York, the outstanding Uuited States legal-tender notes when
presented in sums of not less than fifty dollars.
30 years.
July 1,1907... 4 per cent
30, 500,000 00
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CERTIFICATES OF DEPOSIT,
The act of June-8, 1872 (17 Statutes, 336), authorizes, the deposit of
United Statesnotes without interest by banking associations in sums
not less than $10,000, and the issue of certificates therefor in denominations of notless than $5,000; which certificates shall be payable
on demand in United States notes at the place where the deposits
were made. I t provides that the notes so deposited iu the Treasury
shall not be counted as a part of the legal reserve, but that the certificates issued therefor may be held and counted by the national
banks as part of their legal reserve, and may be accepted in the
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Indefinite.
On demand . . . None .
Par .
No limit.
64, 780, 000 00
13,375,000 00
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settlement of clearing-house balances at the place, yvhere the deposits therefor were made, and that the United States notes for
which such certificates wore issued, or other United States notes of
like amount, shall be held as special deposits in the Treasury, and
used only for the redemption of such certificates.
SILVER CERTIFICATES.
The act of February 28, 1878 (20 Sta,tutes, 26, sec. 3), provides that any
holder of the coin authorized by this, act may deposit the same with
the Treasurer or any assistant treasurer of the United States in
sums not less than ten dollars and receive therefor certificates of not
less than ten dollars each, corresponding with the denominations of
the United States notes. The coin deposited for or representing the
certificates shall be retained in tho Treasury for the payment of the
same on demand. Said certificates shall be receivable for customs,
taxes, and all public dues, and, when so received, may be reissued.
Indefinite... On demand . . . None
88, 616, 831 00
P a r . . . . . No limit
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REFUNDING CERTIFICATES.
The actof February 26, 1879 (20 Statutes, 321), authorizes the Secreta,ry of the Treasury to issue, in exchange for lawful money of the
United States, certificates of deposit, of the denomination of ten
dollars, bearing interest at the rate of four per centum per annum,
and convertible at any time, with accrued interest, into the four per
centum bonds described iu the refunding act; the money so received to be applied only to the payment of the bonds bearing interest at a rate not less than five per centum, in the mode prescribed
by said act.
Indefinite... Convertible in- 4 per cent... Par
to 4 per cent,
bonds.
40, 012, 750 00
No limit
355, 900 00
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Indefinite... At pleasure of 3^ per cent.. Par
the Government.
35, 083, 900 CO
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LOAN OF J U L Y 12, 1882.
These bonds were issued in exchange for the five and six per cent,
bonds which had been previously continued at three and one-half
per cent., by rautual agreeraeut between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of
"the Government.
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FUNDED LOAN OF 1881, CONTINUED AT THREE AND ONEH A L F PER CENT,
These bonds were issued in exchange for five per cent, bonds of the
funded loan of 1881, by mutual agreement between the Secretary
of the Treasury and the holders, and were made redeemable at the
pleasure of the Government.
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Indefinite... A t plea.sureof
the Government.
304, 204, 350 00
3 per cent... Par
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1,884,171,728 07
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Railway companies.
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On January 1,1876:
CentralPacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Westem Pacific
Sioux City and Pacific
r
. .
On July 1,1876:
Ceutral Pacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Westem Pacific
Sioux City and Pacific
On January 1,1877:
Central Pacific
Kansas Pacific
UnionPacific - - ..
._,...
Central Branch Union Pacific
Western Pacific
Sioux City and Pacific
. .
$25,
6,
27,
1,
1,
1,
885,120
303, 000
236, 512
600, 000
970, 500
628, 320
00
00
00
00
00
00
$13,027,697
3,103, 893
11, 884, 324
781, 808
72-2, 380
682,703
67
09
65
26
14
89
28, 202, 807 70
25,
6,
27,
1,
1,
1,
11, 804, 251
3,292,983
12, 701,420
829, 808
781,496
731, 553
00
00
00
00
00
00
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64, 623, 512 00
885,120
303, 000
236, 512
600, 000
970, 560
628, 320
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27
09
01
26
94
49
$776, 553
189, 090
817, 095
48, 000
59,116
48, 849
Balance due the
United States on
interest account,
deducting repayments.
1
Repayment of interest' by transportation of mails,
, troops, &c.
Amount of interest
accrued and paid
to date, as per preceding statement.
T A B 1 H . E ^ . — S T A T E M E N T of 30-YEAB 6 PEB CENT. BONDS {interest payable January and July) ISSUED io the several PACIFIC
BAILWAY COMPANIES under the acts oi July 1, 1862 (12 Statutes, 492), and July 2, 1864 (13 Statutes, 359).
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00
36
00
80
60
$11, 804, 251 27
3, 292, 983 09
12, 701, 420 01
829, 808 26
• 781, 496 94
731, 553 49
1,938, 705 36
30,141, 513 06
6, 668, 927 36
776, 553
189, 090
817, 095
48, 000
59,116
48. 849
60
00
36
00
80
60
12, 580, 804 87
3, 482, 073 09
13, 518, 515 37
877, 808 26
840, 613 74
780, 403 09
1, 231, 213 76
. 1.448, 327 39
4, 079, 704 77
44,408 05
9, 367 00
39,470 28
32, 080, 218 42
0, 852, 491 25
25,227,727 17
13, 357, 358
3, 671,163
14, 335, 610
925, 808
899,730
829, 252
47
.09
73
26
54
69
1,268,072 12
1, 515, 718 49
4,126, 871 52
44, 408 05
9, 367 00
39, 440 28
12, 088, 686
2,155, 444
10, 208, 739
881,400
800, 363
789, 782
34,018, 923 78
7, 004, 507 46
27,014,416 32
64, 623, 512 00
30,141, 513 C6
1, 938, 705 36
25,
6,
27,
1,
1,
1,
885,120 00
303, 000 60
236, 512 00
600, 000 00
970, 560 00
628, 320 00
12, 580, 804 87
3, 482, 073 09
13, 518, 515 37
877, 808 26
840, 613 74
780,403 09
776, 553 60
. 189, 090 00
817, 095 36
48, 000 00
59,116 80
48,849.60
64, 623, 512 00
32, 080, 218 42
1, 938,705 36
$1,191,765
1, 440, 664
3, 943, 715
44,408
•o
9, 367
39, 005
86
84
65
05
00
96
$10, 612,485
1, 852, 318
8, 757, 704
785,400
772,129
692, 547
41
25
36
21
94
53
23, 472, 585 70
11, 349, 591
2, 033, 745
9,438,810
833,400
831,246
740,932
CO
GO
11
70
60
21
74
81
35
60
21
21
.54
41
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On July 1,1877:
Central Pacific.
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Western Pacific
Sioux City and Pacific
776, 553 00
189, 090 00
817, 095 36
48, 000 00
59,116 80
48, 849 60
14,133, 912 07
3, 860, 253 09
15,152, 706 09
973, 808 26
958, 847 34
878,102 29
2,065,324 01
1, 531, 680 06
4,787, 041 67
58, 498 35
9, 367 00
62, 578 00
12, 068,588 06
2,328, 573 03
10, 365,664 42
915, 309 91
949. 480 34
815, 523 49
34, 018, 923 78
1, 938, 705 36
34, 957, 629 14
8, 514, 489 89
27, 443,139 25
25, 885,120 00 14,133, 912 07
6, 303, 000 00
3, 860, 253 09
27, 236, 512 00 15,152, 706 09
1, 600, 000 00
973, 808 26
1, 970, 569 00
958,847 34
1, 628, 320 00
878,102 29
776,553 60
189,090 00
817, 095 36
49, 000 00
59,116 80
48, 849 60
14, 910, 465 67
4, 049, 343 09
15, 969, 801 45
1,021,808 26
1, 017, 964 14
926, 951 89
2,198, 960 71
1, 532, 450 07
5,134,103 84
62, 998 35
9, 367 00
68, 409 65
12, 711,504
2, 516,993
10, 835,697
958, 808
1,008, 597
858, 542
37, 896, 334 50
I, 006,189 62
28,.890,144 88
w
15, 687, 019 27
4, 238, 433 09
16,786, 896 81
1,069,808 26
1, 088, 080 94
975, 801 49
2, 343, 659 54
1, 532, 530 42
5, 852, 870 95
67, 498 35
9, 367 00
75, 517 99
13,343,359 73
2,705,902 67
10, 934, 025 86
1, 002, 309 91
1, 067, 713 94
900,283 50
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39,835, 039 .86
9, 881, 444 25
29, 953, 595 61
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16, 463, 572 87
4, 427, 523 09
17,603, 992 17
1,117, 808 26
1,136.197 74
1, 024, 051 09
2, 516, 742 86
1, 744, 683 89
6, .145, 214 86
71, 445 54
9, 367 00
83, 648 56
13, 946, 830 01
2,682,829 20
11,458,777 31
. 1, 046, 362 72
1,126, 830-74
941, 002 53
25, 885,120 00
13, 357, 358 47
9, 303, 000 00 3.671,163 09
27, 263, 512 00 14, 335, 610 73
1,600,000 00
925, 808 26
1, 970, 500 00
899, 730 54
1, 628, 320 00
829, 252 69
94, 623, 512 00
On January 1,1878:
Central Pacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific.
Western Pacific
Sioux City and Pacific
64, 623, 512 00 35, 957, 029 14
On July 1,1878:
Central Pacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Westem Pacific
Sioux City and Pacific
OnJanuary 1,1879:
Central Pacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Western'Pacific
Sioux City and Pacific
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25,885,120 00
6, 303, 000 00
27, 236, 512 00
1, 600, 000 00
1, 970, 560 00
1, 628, 320 00
14, 910,465 67
4, 049, 343 09
15. 969, 801 45
1, 021, 808 26
1, 017, 964 14
926, 951 89
64, 623, 512 00
37,896,334 50
25, 885,120 00
15, 087, 019 27
6, 303, 000 00 4, 238, 433 09
27, 236, 512 00 16, 786, 896 81
1, 600, 000 00
1,069,808 20
1, 970, 560 00
1,077,080 94
1, 628, 320 00
975, 801 49
64, 623, 512 00
Gn July 1,1879:
Central Pacific
Kansas Pacitic
Union Pacific
Central Branch Union Pacific
Westem Pacific
Sioux City and Pacific
1,938,705 36
96
02
61
91
14
24
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39, 835, 039 86
16, 463, 572 87
25,885,120 00
4,427,523 09
6, 303, 000 00
27, 236, 512 00 17, 603,. 992 17
1,117, 808 26
1, 600, 000 00
1, 970, 560 00 1,136,197 74
1, 024, 651 09
1, 628, 320 00
64,623,512 00
41, 773,745 22
776, 553 00
189, 090 00
817, 095 36
48,000 CO
59,116 80
48, 849 60
1,938,705 36
776, 553 60
189, 090 00
817, 095 36
48, 000 00
59,116 80
48, 849 60
1, 938, 705 36
776, 553 60
189. 090 00
817, 095 36
48, 000 00
59,116 80
48, 849 60
1, 938, 705 36
41,773,745 22
17, 240,126 47
4, 616, 613 09
18,421, 087 53
1,165,808 26
1,195,314 54
1, 073, 500 69
10,571,102 71
2; 771, 419 23
2,324,910 55
7,325,460 49
73,142 73
9,367 00
91, 747 39
43, 712,450 58 i 12, 596, 053 39
31, 202, 612 51
14, 468, 707 24
2,291,702 54
11,. 095, 621 04
1, 09^, 665 53
1,185,947 54
981,753 30
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31,116, 397 19
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T A B L E T^.—STATEMENT of 30-YEAB 6 PEB CENT. BONDS, ^"c—Continued.
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Railway companies.
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On January 1, 1880:
Central Pacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Western Pacific
Sioux City and Pacific
On January 1, 1881:
Central Pacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Westem Pacific
Sioux City and Pacific
1
1 ill
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$25, 885,120 00 $17, 240,126 47
6, 303, 000 00
4, 616, 613 09
27, 236, 512 00 18, 421, 087 53
1, 600, 000 00
1,165, 808 26
1, 970, 560 00
1,195, 314 54
1, 628, 320 00
1, 073, 500 69
64, 623, 512 00
On J u l y 1,1880:
Central Pacific
Kansas Pacific
Union Pacific
Central Branch Union Pacific
Western Pacific
Sioux City and Pacific
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a
^
«5 ^
S I'-^S ' "rT
-^cc
43, 712, 450 58
$776, 553 60 $18, 016, 680 07
189, 090 00
4, 805,703 09
817, 095 36 19, 238,182 89
1, 213, 808 26
48, 000 00
1, 224, 431 34
59,116 80
1,122, 350 29
48, 849 60
1, 938, 705 36
45, 651,155 94
$3, 552,135 70 $14, 464, 544 37
2, 370,109 88
2, 435, 598 21
7,421, 734 97 11, 816, 447 92
1,140, 665 53
73,142 73
1, 245, 064 34
9,367 00
1, 028, 366 38
93, 983 91
13,520, 474 19
32,130, 681 75
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25, 885,120 00
6, 303, 000 00
27, 236, 512 00
1, 600, 000 00
1, 970, 560 00
1, 628, 320 00
18, 016, 680 07
4, 805, 703 09
19, 238,182 89
I, 213, 808 26
1, 254,431 34
1,122, 350 29
64, 623, 512 00
45, 651,155 94
25, 885,120 00
6, 303, 000 00
27, 236, 512 00
1, 600. 000 00
1, 970, 560 00
1, 628, 320 00
18,793,233 67
4, 994, 793 09
20, 055, 278 25
1, 261, 808 26
1, 313, 548 14
1,171,199 89
64, 623, 512 00
47, 589, 861 30
3, 200, 389 64 15, 592, 844 03
2, 447, 397 28 2, 547, 395 81
7, 804, 484.37 12, 250, 793 88
1, 214,186 57
47, 621 69
1,304,181 14
9, 367 00
1, 065,167 32
106, 032 57
776, 553 60
189, 090 00
817, 095 36
48, 000 00
59,116 80
48, 849 60
18,793, 233 67
4, 994, 793 09
20, 055, 278 25
1, 261, 808 26
1, 313, 548 14
1,171,199 89
1, 938,705 36
47, 589, 861 30
13, 615, 292 55
19, 569, 787 27
5,183, 883 09
20, 872, 373 61
1,309,808 26
1, 372, 664 94
1, 220, 049 49
3, 358, 026 85
2, 502, 724 32
7, 992, 936 82
74, 967 91
9, 367 00
114, 424 58
776, 553 60
189, 090 00
817, 095 36
48, 000 00
59,116 80
48, 849 60
1, 938, 705 36
49, 528, 566 66
14, 052,447 48
33, 974, 568 75
16, 211, 760 42
2, 681,158 -77
12, 879, 436 79
1, 234, 840 35
1, 363, 297 94
1,105, 624 91
35,476,119 18
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On J u l y 1, 1881:
C e n t r a l Pacific
K a n s a s Pacific
U n i o n Pacific
C e n t r a l B r a n c h U n i o n Pacific
W e s t e m Pacific
Sioux C i t y a n d Pacific
O n J a n u a r y 1, 1882:
C e n t r a l Pacific
K a n s a s Pacific
Union Pacific.
C e n t r a l B r a n c h U n i o n Pacific
W e s t e r n Pacific
Sioux City and Pacific
On J u l y l , 1882:
C e u t r a l Pacific
K a n s a s Pacific
U n i o n Pacific
C e n t r a l B r a n c h U n i o n Pacific
W e s t e r n Pacific
S i o u x C i t y a n d Pacific
On J a n u a r y 1, 1883:
C e n t r a l Pacific
K a n s a s Pacific
U n i o n Pacific
C e n t r a l B r a n c h U n i o n Pacific
W e s t e r n Pacific
S i o u x C i t y a n d Pacific
,
On J u l y 1, 1883:
C e n t r a l Pacific
,
K a n s a s Pacific
,
Union Pacitic
C e n t r a l B r a n c h U n i o n Pacific
W e s t e m Pacific
S i e u x C i t y a n d Pacific
25, 885,120
6, 303, 000
27, 236, 512
1,600,000
1,970,560
1,628,320
00
00
00
00
00
00
19, 569,
5,183,
20, 872,
• 1, 309,
1, 372,
1, 220,
787
883
373
808
664
049
27
09
61
26
94
49
776,553
189, 090
817, 095
48, 000
59,116
48, 849
60
00
36
00
80
60
20,346,340 87
5, 372, 973 09
21, 689, 468 97
1,357,808 26
1,431,781 74
1,268,899 09
3, 496, 942 83
2, 565, 443 44
8,135, 878 56
93, 515 38
9, 367 00
124, 979 14
16, 849, 398 04
2, 807, 529 65
13, 553, 590 41
1, 264. 292 88
1,422; 414 74
1,143, 919 95
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64, 623, 512 00
49, 528, 566 66
25,885,120
6, 303, 000
27, 236, 512
1, 600, 000
1, 970, 560
1, 628, 320
00
00
GO
00
00
00
20, 346, 340 87
5, 372, 973 09
21, 689, 468 97
1, 357, 808 26
1,431,781 74
1, 268, 899 09
776, 5.53 60
189, 090 00
817, 095 36
48, 000 00
59,116 80
48, 849 60
21,122, 894 47
5, 562, 063 09
22, 506, 564 33
1,40.5,808 26
1, 490, 898 54
1, 317, 748 69
3,600,920 51
2, 625, 289 51
8,. 227, 294 70
109, 032 06
9, 367 00
135, 982 56
17,521,973 96
2, 936, 773 58
14, 279, 269 63
1, 296, 776 20
1,481, 531 54
1,181, 766 13
64, 623, 512 00
51, 407, 272 02
1, 938, 705 36
53, 405, 977 38
14, 707, 886 34
38, 698, 091 04
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25, 885,120
6, 303, 000
27, 2:>6, 512
1, 600, 000
1, 970, 560
1, 628, 320
00
00
00
00
00
00
21,122, 894 47
5, 562, 063 09
22, 506, 564 33
1,405,808 26
1, 490, 898 54
1,317,748 69
776,553 60
189, 090 00
817, 095 36
48,000 00
59,116 80
48, 849 60
21, 899, 448 07
5, 751,153 09
23, 323, 659 69
1, 453, 808 26
1, 550, 015 341, 366, 598 29
3, 812, 411 95
2, 725,458 33
8, 453, 537 60
124, 639 85
9,367 00
95, 278 57
18, 087, 036 12
3, 025, 694 76
14,870,122 09
1, 329,168 41
1, 540, 648 34
1,271,319 72
Ul
64, 623, 512 00
53, 405, 977 38
1, 938, 705 36
55, 344, 682 74
15,220, 693 30
25, 885,120
6, 303, 000
27, 236, 512
1, 600, 000
1, 970, 560
1, 628, 320,
00
00
00
00
00
00
21, 899,448 07
5,751,153 09
23, 323, 659 69
1, 453, 808 26
1, 550, 015 34
1, 366, 598 29
776, 553 60
189, 090 00
817, 095 36
48, 000 00
59,116 80
48, 849 60
22, 676, 001 67
5, 940, 243 09
24,140, 755 05
1, 501, 808 26
1,609,132 14
1,415,447 89
4, 217, 203 99
2, 818, 329 72
8, 815, 988 85
142,630 64
9,367 00
120,340 39
64, 623, 512 00
55, 344, 682 74
1, 938,705 36
57, 283, 388 10
16,123, 860 59
25, 885,120 00
6, 303, 000 00
27,236,512 00
1, 600, 000 00
1, 970, 560 00
1, 628, 320 00
22, 676, 001 67
5, 940, 243 09
24,140, 755 05
1, 501, 808 26
1, 609,132 14
1,415,447 89
776, 553 60
189, 090 00
817, 095 36
48, 000 00
59,116 80
48,849 60
23, 452, 555 27
6,129, 333 09
24, 957, 850 41
1, 549, 808 26
1, 668, 248 94
1, 464, 297 49
4, 592,158 25
2, 969, 049 59
8, 933, 292 87
152,157 10
9, 367 00
121, 355 39
64, 623, 512 00
57, 283, 388,10
1, 938, 705 ;
59, 222, 093 46
16, 777, 380 20
.0
1,938,705 36
51,467,272 02
14, 426,126 35
37, 041,145 67
40,123, 989 44
18, 458, 797
3,121, 913
15, 324,766
1, 359,177
1. 599, 765
1,295,107
41,159, 527 51
18, 860, 397
3,160, 283
16, 024, 557
1, 397, 651
1,658,881
1, 342, 942
42,444, 713 26
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T A B I . E O.—STATEMENT shoiving the AMOUNT of NOTES, SILVEB CEBTIFICATES, and FBACTIONAL S I L V E B COIN OUTSTANDI N G at the CLOSE of E A C H FISCAL YEAB from 1850 to 1883, inclusive.
state-bank
circulation.
Nationalbank circulation.
Demand
notes.
Legal-tender
notes.
One and two
year notes
of 1863,
Compoimdinterest
notes.
(See Note 3,) (See Note 3.)
Silver certificates.
Fractional
currency,
paper.
Fractional
cuirency,
sil ver.
Pi
Total amount
in cuirency.
"Value of currency in gold.
O o'~3
(See Note 4.)
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I860.
1861.
1862.
1863.
1864
1865.
1866.
1867.
1868.
1869.
1870
1871.
1872.
1873.
1874.
1875.
1876.
1877.
1878.
1879.
1880.
1881.
1882
1883.
$207, 102, 477 00
202, 005, 767 00
183, 792, 079 00
238, 677, 218 00
179, 157, 717 00
235, 270
142, 919, 638 00
137, 860
19, 996, 163 00
479, 908
625, 379
4, 484, 112 00
762,855
3, 163, 771 00
2, 558, 874 00;299, 929, 624
2, 222, 793 00 299, 766, 984
1, 968, 058 00 318, 261,241
1, 700, 935 00 337, 664,795
1, 294, 470 00 347, 267,061
1, 009, 021 00'35i; 981, 032
786, 844 00:354 408, 008
658, 938 00.332, 998, 336
521, 611 00
048, 872
426, 504 00
514, 284
352, .452 00
691, 697
299, 790 00
505,427
242, 967 00
042, 675
242, 967 00
742, 034
189, 253 00
073, 281
$53, 040, 000 00 $96, 620, 000
351, 019 75 297, 767, 114
780, 999
178, 670
472, 603
687, 966
272„162
619, 206
783, 597
208, 432
000, 000
141. 723
123; 739 25|356, 000, 000
106, 256 00,356, 000, 000
96, 505 50356, 000, 000
88, 296 25:357, 500, 000
79, 967 50J356, 000, 000
76, 732 50382, 000, 000
70,107 50 375, 771, 580
66,917
369, 772, 284
63, 962
359. 764, 332
346, 681, 016
62, 297
346, 681, 016
61, 470
346, 681, 016
60, 975
346, 681, 016
60, 535
346, 681, 016
59, 695
346, 681, 016
58, 985
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00 $89 879, 475 00 ....
84153; 471, 450 00 $15, 000, 000
338, 710 00;i93, 756, 080
00
454, 230 00,159, 012,140
00
123, 630 00 122, 394, 480
00
555, 492
161, 810
00
347, 772
871,410
00
248, 272
152,910
00
198, 572
768, 500
00
167, 522
593, 520
00
142,105
479, 400
00
127, 625
415, 210
00
113, 375
367, 390
00
104, 705
328. 760
00
95, 725
296, 630
00
90, 485
274, 920
00
86,185
259, 090
00
82, 485
242, 590
00
79, 985
230, 250
00
74, 965
220, 960
00
71, 765
213, 620
00
$207,
202,
333,
$20,192, 456 00
649,
22, 894, 877 25
833,
25, 005, 828,76
983,
891,
27, 070, 876, 96
826,
28, 307, 523 52
720,
32, 626, 951 75
693,
32,114, 637 36'
700,
39, 878, 084 48
717,
40, 582, 874 56
738,
40, 855, 835 27
750,
44, 799, 36.5 44
781,
45, 881, 295 67
773,
42,129, 424 19
34, 446, 595 39 $10, 926, 938 00 749,
20, 403, 137 34 33,185, 273 00 731,
$1,462. 600 00 16, 547,768 77 39,155, 633 00 729,
2, 466, 950 00 15, 842, e05 78 39, 360, 529, 00 734,
12, 374." 270 00 *1, 214, 954 37 24, 061, 449, 00 735,
51,166, 530 00 *7,105, 953 32 19.974,897 41 780,
66, 096, 710 00 7, 047,247 77 19,130, 639 36 798,
88, 616, 831 00 7, 000,690 81 18, 720, 942 95 817,
477 00
767 00
079 00
282"75
984 34
685 76
685 96
1.53 52
002 75
050 61
899 48
751
903 52
368 94
910 17
728 69
473 89
542 84
508 27
994 78
956, 37
808 73
234 13
384 76
H
.$0 80. 6 $288, 769, 500 41
76.6 497, 798, 338 59
38.7 322, 649, 246 94
70.4 692, 256, 354 77
66.0 588, 657, 092 73
71.7 592, 900, 709 07
70.1 505, 009, 234 52
73.5 510, 050, 351 61
8.5.6 599, 521, 769 95
89.0 638, 909, 418 44
87.5 646, 249, 540 58
86.4 648, 053, 886 76
91.0 711,156, 733 71
87,2 674, 619, 947 42
89,5 671, 773, 937 62
94.7 694, 375, 246 54
99.4 725, 083, 924 62
1 00.0 734, 801, 994 78
1 00,0 735, 522, 956 37
1 00,0 780, 584, 808 73
1 00.0 798, 296, 234 13
1 00.0 817, 626, 384 76
NOTE 1.—The amount of State and national bank circulation is compiled from the reports of the Comptroller of the Currency at the nearest dates obtainable to the end of
each fiscal year; the other amounts are taken from the official printed reports of the Secretary of the Treasury.
*NOTE 2.—Exclusive of $8,375,934, amount estimated as lost or destroyed, act June 21, 1879.
NOTE 3.—The one and two year notes of 1863, and the compound-interest notes, though having a legal-tender quality for their face values, were, in fact, interest-bearing
securities, payable at certain times, as stated on the notes. They entered into circulation for but a few days, if at all, and since maturity those presented have been converted
into other interest-bearing bonds or paid for in cash, interest included.
NOTE 4.—The amount of fractional silver in circulation in 1860,1861, and 1862 cannot be stated. The araouuts stated for 1876 and subsequent years are the amounts coined
and issued since January, 1876. To these amounts should be added the amount of silver previously coined which has come into circulation.
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T A B I . E 1 ^ . - S T A T E M E N T of UNITED STATES BONDS and other OBLIGATIONS BECEIVED and ISSUED l y the OFFICE of the SECB E T A B Y of the TBEASUBY, from November 1, 1882, to Octobei'31, 1883.
Description.
Bounty-land scrip, act of February 11, 1847
Loan of February, 1861, act of February 8, 1861
Oregon war debt, act of March 2, 1861
Seven-thirty notes of 1861, act of July 17, 1861
Loan of July and August. 1861, acts of July 17 and August 5, 1861
Five-twenty bonds of 1862, act of February 2^, 1862
Pacific railroad bonds, acts of July 1, 1862, and July 2, 1864
Loanof 1863 (1881s), act of March" 3, 1863
Gold certificates, actof March 3. 1863
Ten-forty bonds of 1864, act of March 3, 1864
Seven-thirty notes of 1864-'65, acts of J u n e 30, 1864, and March 3,1865.
Five-twenty bonds of 1865, act of March 3, 1865
,
Consols of i865, actof March 3, 1865
,
Consols of 1867, act of March 3, 1865
Consols of 1868, act of March 3, 1865
Funded loan of 1881, acts of July 14, 1870, and January 20,1871
Funded loan of 1891, acts of July 14, 1870, and January 20, 1871
....,
Funded loan of 1907, acts of July 14,1870, and January 20, 1871
Certificates of deposit, act of June 8, 1872
,
3^ per cent, bonds, acts of July 17 and August 5, 1861
3^ per cent, bonds, act of March 3,1863
3 | per cent, bonds, acts of July 14, 1870, and January 20. .1871
3 per cent, bonds, act of July 12, 1882
,
Total.
Issued.
Received
Received
into Received for refor exchange and for exchange
3
per cent.
demption.
transfer.
bonds.
1, 418, 850 00
18, 690, 000 00
2, 920, 300 00
3, 747,150 00
103, 365,150 00
52, 250 00
$100 00
65, 000 00
1, 000 00
350 00
285, 500 00
7,000 OO
11, 224, 000 00
87,000 00
1,314,200 00
76,450 00
3,200 00
10, 300 00
78, 700 00
189.400 00
146. 500 00
421.650 00
83, 394, 600 00
197, 799, 000 00
40,055,000 00
2, 920,"300 00
3, 747,150 00
154,447,900 00
157,155, 000 00
132,880,050 00
653. 429, 300 00
$100 00
65, 000 00
1, 000 00
350 .00
285, 500 00
7, 000 00
$5, 612,000 00
$5, 612, 000 00
87, 000 00
1,314,200 00
76, 450 00
.3, 200 CO
10,300 00
78, 700 00
189, 400 00
146,500 00
421, 650 00
41, 697, 300 00
98, 245,150 00
21, 365, 000 00
41, 697, 300 00
98,135, 000 00
2, 436, 000 00
101, 656, 750 00
2, 436, 000 00
55, 440, 000 00
271,012,200 00
203,326,300 00
$46, 210, 750 00
46,210,750 00
Total.
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'ff'ABI.E
^ . — S T A T E M E N T of INTEBNAL-BEVENUE STAMP PAPEB—WATEB MABKED—MANUFACTUBED, S H I P P E D , DELIVE B E D , and BALANCES, for tlie fiscal xjear ended June 30, 1883.
T r a n s a c t i o n s i n t h e office of t h e S e c r e t a r y of t h e T r e a s u r y ,
Cutting and trans
fer, c r e d i t account.
T r a n s a c t i o n s i n t h e B u r e a u of E n g r a v i n g a n d P r i n t i n g .
A c c o u n t e d for as foUows.
A c c o u n t e d for a s follows.
5=3
p.S
D e s c r i p t i o n of p a p e r .
11
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S^.2
^sS
?.-zl
o ® H
fl 5
Carried
to-
^co
Carried
from—
III
43 Ci
u.
|2
2 6 !=> ^'c
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fi
S h e e t s for—
Beer stamps
2, 279,
S h e e t tobacco s t a m p s
149,
S h e e t snufi" s t a m p s
S t u b snuflf s t a r a p s
13,
Stub tobacco stamps
867,
E x p o r t tobacco and cigar s t a m p s
36,
E x p o r t distilled spirits stamps
65,
463,
Tax-paid stamps
494,
Warehouse stamps
385,
Rectifiers' s t a m p s
Imported liquor stamps
Wholesale liquor dealers'stamps
345,
108,
25's, c i g a r s t a m p s
924,
50's, cigai" s t a m p s .
1, 609,
lOO's, c i g a r s t a m p s
39,
250's, c i g a r s t a r a p s
200's, c i g a r s t a r a p s
500's, c i g a r s t a r a p s
60,
Brewer.s' p e r m i t s t a m p s
20,
lO's, c i g a r e t t e s t a r a p s
216,
20's, c i g a r e t t e s t a m p s
328,
50's, c i g a r e t t e s t a m p s
20,
31,
lOO's, c i g a r e t t e s t a m p s
3, 219, 000
175, 000
450, 000
400, 000
400, 000
250, 000
150, 000
5, 018, 000
1, 500, 000
500, 000
14, 290
20, 000
250, 000
250, 000
5, 498, 618
232,147
91,782
14, 22U
1, 867, 315
36, 810
65, 550
913, 878
894,190
785, 535
3,110, 030
175, 838
91, 782
14, 220
1, 387, 290
25,860
5.700
559, 060
366, 000
458,160
3,255
578
2, 385, 333
55, 731
260
7
2
642
340
23
479, 765
10, 943
59, 848
354,176
527, 850
327, 352
595, 870
258, 065
6, 442, 850
500. 000 2, 609, 560
39, 526
14, 290
56, 036
24, 290
30, 421
466, 641
578,408
20, 000
31, 810
256, 470
203, 580
4, 624,120
1, 200, 740
28, 225
14, 290
22, 975
23, 810
287,100
338, 640
11, 430
17, 260
921
740
25, 628
194
338, 479
53, 745
1,793,102
1, 408, 626
11, 301
12, 207
ol, 782
425
'i6,'666
494
544
32, 752
6,611
179, 047
239, 224
8,570
14, 550
157, 212
14, 567
6,352
1,954
90,116
651
8,450
49, 641
31, 385
49, 595
20, 249
31, 898
5,119
231, 327
26, 473
173
173
242
232
8,450
11, 050
3, 575
1,581
3,110, 030
175, 838
91, 782
14,220
1, 387, 290
25, 860
5,700
559, 060
366, 000
458,160
256, 470
203, 580
4, 624,120
1, 200, 740
28, 225
14, 290
22, 975
23,810
287,100
338, 040
11, 430
17, 260
3, 267, 242
190, 405
98,134
16,174
1,477,406
26, 511
14,150
608, 701
397, 385
507, 755
20, 249
288, 368
208, 699
4. 855, 447
1, 227, 213
28, 398
14,463
23, 217
24,042
295, 550
349, 690
15, 005
18, 841
fl"*^"*^
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2, 939, 000
129, 000
74, 000
12, 000
1, 247, 200
25, 000
13, 000
519, 000
330, 000
442, 000
82, 839
5,993
3.382
580
44, 547
1, 468
200
34, 417
14, 215
18, 812
1,164
8,765
254,000
187, 000 4,808
4, 502, 000128, 227
1,114,000 30, 913
23, 000 1,178
12, 000
366
18, 000 1,231
23, 000
600
267, 000 12, 550
316, 000 16, 390
11, 000
119
14, 000
526
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245, 403
55, 412
20, 752
3,594
185, 659
43
950
55, 284
47,170
46, 943
19, 085
25,603
16, 891
225, 220
82, 300
4,220
2,097
3,986
442
16, 000
17,300
3,886
4,315
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TAB£.E
i ^ . — S T A T E M E N T of I N T E B N A L - B E V E N U E T A M P S P A P E B ,
T r a n s a c t i o n s in t h e B u r e a u of E n g r a v i n g a n d P r i n t i n g .
T r a n s a c t i o n s in t h e office of t h e S e c r e t a r y of t h e T r e a s u i y .
Cutting and trans
fer, c r e d i t account.
cfc—Continued.
A c c o u n t e d for as foUows.
A c c o u n t e d for a s follows.
S 6 S bc
^ =« o 2
t>5fl fl H
go
D e s c r i p t i o n of p a p e r .
C allied
from—
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a,fl
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|a
2,527,
556,
1, 012, 000
:, 500, 000
400, 000 100, 000
!, 000, 000
900, 000!
125, OOOI
70,000
25, 000
35, 000
100, 000
30, 000
440, 000
500, 000
200, 000
24, 000 1, 027, 308,
600, 000 3, 643, 80O;
507, 637 j
100, 000 4, 402, 000
1, 876, 500
255, 342
140, 360
71, 9421
5, OOOj
68, 478
239, 260
59, 779
22, 676
13, 709
440, 000
3, 027,131
756, 0981
.
871,900
2, 391, 600
352, 650
2, 573,410
1, 313, 540
231.300
113, 255
54, 875
4,908
363
407
2,209
932
465
986
118
50, 640
194, 850
36, 280
204
289
208
13, 707^
415, 045
1,968, 481
438, 835
150, 500
1, 251, 837'
154, 580
1, 826, 381
562, 0281
23, 5771
26,1191
16, 949
5, 000
17, 634
44,121
23, 291
22, 676
1?
679'
24, 276
1,492 1, 057,158
8
317,255l
23, 720
77, 090
5,670
68, 628
25, 500
8,400
3, 335
240
800
553
8, 200
3,338
1, 369^
63, 800
9,429
871, 900
2, 391, 600
352, 650
2, 573, 410
1, 313, 540
231. 300
113, 255
54, 875
50, 640
194, 850
36, 280
895, 620
856, 000
2, 468, 690 2, 304, COO
358, 320
334, 000
2, 642, 038 2, 467, 000
1, 339, 040 1,181, 000
239, 700
198, 000
116, 590
104, 000
55,115
52, oool
800
51,193
46, 000
203, 050
182, 000
39, 618
38, 000
O « ^ fl
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B OM
39,
1, 743,
7,
2, 502,
976,
130,
70,
46,
5,
33,
139,
29,
22,
13,
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Totals
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•^ t o —
S h e e t s for—
1-oz. t o b a c c o s t a m p s
2-oz, t o b a c c o s t a m p s
3-oz, t o b a c c o s t a m p s
4-oz, t o b a c c o s t a m p s
8-oz. t o b a c c o s t a m p s
16-oz. t o b a c c o s t a m p s . .
^ a n d 1-oz. snufi" stamxis
2-oz. .snufi" s t a r a p s
3 oz. snuft' s t a m p s
4 a n d 8-oz. snuft^ s t a m p s
6-oz. snuff" s t a m p s
16-oz. snuff s t a m p s
S p e c i a l t a x 1881 s t a m p s
S p e c i a l t a x 1882 s t a m p s
S p e c i a l t a x 1883 s t a m p s
Private-die stamps
Adhesive stamps
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19, 671
42, 090
8, 920
50, 038
36, 540j
3,
3, 5401
1, 365
800'
1, 821
4, 7551
1, 219
13. 707*
15, 077
13, 475
1, 602i
415,045
415, 045
402,1501 12, 895'
1, 968, 481 2, 032, 281 1, 861, 491 57, 592'
438, 835
448, 2641 438, 50O|
lecc,^ d
PQ
19, 949
122, 600
15, 400
125,000
121, 500
37, 800
9,050
1,750
3, 372
16, 295
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113,198
901
17, 305, 542120, 407, OOOjl, 728, 497.1, 340, 497|38,100, 542| 24, 242, 948^ 47, 206^ 13, 810, 357 1, 050, 537^ 24, 242, 948^ 25, 293, 486 22, 954, 816| 668,9011 1,669,769
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T A B I i E WH.—STATEMENT of DISTINCTIVE PAPEB—SILK-THBEADED FIBEB—MANUFACTUBED, S H I P P E D , and D E L I V E B E D ,
for the fiscal year ended June 30, 1883.
05
DESCRIPTION OF PAPER.
National currency.
Certificates.
United States check.
Total
sheets.
Transactions.
^
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Balance on hand at the null J u n e 30, 1882
Manufactured, as shown by automatic register, during
the fiscal year 1883
1, 030, 774
030, 774
8, 472, 265
3, 373, 485
Total to be accounted for by the U. S. Superintendent 9, 503, 039
803, 039
Destroyed at the mill (rejected) during the year
, 373, 485
373; 485
458, 472 1,152, 775 56, 252 60, 948
617,122 114,285 10, 960 7, 606 14,324,170
458,472 1,152, 775 56, 252 60, 948 .
58, 472 119, 775 4,252 10, 948 .
617,122 114, 285 10, 960 7,606|l5, 354, 944
44,122 14, 285
960
1,429, 944
8, 700, 000
Shipped from the mill during tCie year.
Balances in Secretar^^'s office (part in transit) J u n e 30,1882 4, 010, 3014,109, 211
Total to be accounted for by the Secretary's office.. 12, 710, 3014,109,211 , 000, 000 280, 300632, 5701,033,000 123, 793112, 039 102, 734573, 000235, 825
250
Less sheets destroyed as mutilated blank paper
3, 000, 000
Balances in Secretary's office J a n e 30,1883
Delivered to Bureau of Engra-Ting and Printing during
theyear
Balances in Bureauof Engraving and Piinting June 30,1882.
Total to be accounted for by Bureau bf Engraving
and Printing
DeUvered by Piinting Bureau as perfect impressions during the year
Delivered as imperfect impressions during the year
Balances in Bureau Engraving aud Printing "by Secretary's books June 30,1883
Balances acknowledged by Bureau Engraving and Printing June 30, 1883
,
12, 710, 3014,109, 211
6, 551, 1112, 508. 971
400, 000 1, 033, 000 52,000' 50,000'..
573,000 100,000 10, 000 7,000
280,300 232, 570
135, 825
71,793 62, 039'102, 734
1,403
:, 925, 000
I, 006,176
8,403 22,931,176
2.50
999, 750 280, 300632, 5701,033,000123,793112,039 102, 734573, 000 235, 825 10, 0008,403
720, 825 110, 955 77,195 552, 675 48, 516 26, 524 77, 706256, 370 123, 237 5, 000 529
I
6,159.190 1, 600, 240 1, 278, 925 169, 345555, 375 480, 325 75, 277 85, 515 25, 028316, 630112,588
343, 901 369,245
1,050 35, 900
1,1-77 2, 792
25,759
930, 926
0.59, 614
7, 87410,871,312
779, 824
6, 503, 0911,969,485
278, 925 170, 395591, 275 480, 325 76,.454 88, 307 25, 028342, 389112, 588 5,000 7,874
651,136
5, 710, 0001,417,153§
987,140| 158, 000507, 000 401, 250 40, 400 64, 650 22, 650205, 200 86,133 4,800 •7, 500
611, 877^
793, 0911, 552, 331i 291, 784§ 12, 395 84, 275
235, 742 154, 530
67, 632 12, 342 17, 558
79, 075 36, 054 23, 657 2, 378137,189 26, 455
25, 294 2,635 3,189 2,133 8,197 4,229
557, 349
397, 801^
200
200
374
374
I, 039, 258f
534, 055
224,154i
66, 717
53, 781 33,419. 20,468
22, 226
505, 203f
557, 349, 397, 801-5 224,154^
66, 717
53, 781 33,419: 20,468
245 128, 992 22, 226
I
505,203§
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f A B I . E ^.—STATEMENT of DISTINCTIVE PAPEB—SILK-THBEADED FIBEB—issued from the OFFICE of the SECBETABY of the
TBEASUBY to the B U B E A U of ENGBAVING and PBINTING, and D E L I V E B I E S of the same, for NATIONAL-BANK CUBBENCY,
S E B I E S 188.2.
Denomination.
Combination,
Transaction.
N u m b e r of
sheets.
Amount.
5's,
BLANK PAPER.—Delivered to Bureau Engraving and
P r i n t i n g from t h e Office of t h e S e c r e t a r y of t h e T r e a s u r y for p r i n t i n g c i r c u l a t i n g n o t e s .
5, 5, 5, 5
10,10,10, 20
50,100
T o t a l t o b e a c c o u n t e d for '.
P E R F E C T NOTES.—Delivered b y Bureau E n g r a v i n g and
P r i n t i n g t o t h e Office of t h e C o m p t r o l l e r of t h e Curr e n c y for i s s u e .
5, 5, 5, 5
10.10,10, 20
50,100
T o t a l d e l i v e r e d (perfect)
IMPERFECT NOTES.—Delivered by B u r e a u Engi^avins and
P r i n t i n g t o t h e Office of t h e S e c r e t a r y of t h e T r e a s u r y
for d e s t r u c t i o n .
T o t a l d e l i v e r e d (imperfect)
^i
5, 5, 5, 5
10,10,10, 20
50,100
..
lO's.
624,775
623, 825
30, 325
$12,495, 500
1. 278, 925
12,495,500
$18, 714, 750
479,158
483, 639
24, 343^
9,583,160
987,140^
9, 583,160
;...
35, 718
30, 413
1,501
714,360
67, 632
714, 360
20's.
lOO's.
$3, 032, 500
$6,065,000
$12,495, 500
31,191 250
9, 097, 500
3, 032, 500
6, 065, 000
52,784, 250
2, 434, 350
4, 868, 700
9, 58G, 160
24 181 950
7, 303, 050
2,434, 350
4, 868, 700
41, 068,160
150,100
300, 200
714, 360
1, 520, 650
450, 300
$12,476, 500
18, 714,750
12,476, 500
14, 509,170
9, 672, 780
14, 509,170
9. 672, 780
912, 390
608, 260
912, 390
50's.
608, 260
300, 200
2 685 310
448, 050
896,100
2 197,980
5, 488, 650
1, 344,150
150,100
'
B A L A N C E S , — B a l a n c e in B u r e a u of E n g r a v i n g a n d P r i n t in.o" J u n e 30, 1883.
Total balance
5, 5, 5, 5
10,10,10, 20
50,100
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109, 899
109, 773
4, 480^
2,197, 980
224,1.52i
2,197, 980
3, 293,190
2,195,460
448, 050
890,100
9, 030, 780
H
rt
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987,140i
07, 632
224,152^
9, 583,160
714, 360
2,197,980
14, 509,170
912, 390
3, 293,190
9, 672,780
608, 260
2,195, 460
2, 434, 350
150,100
448, 050
4, 868,700
300, 200
896,100
41,068,160
2, 085, 310
9,030,780
d
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18,714,750
12,476,500
3, 032, 500
6, 065, 000
52, 784, 250
3, 293,190
2,195, 460
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RECAPITULATION.
Ul
D e l i v e r y t o C o m p t r o l l e r ' s Office b r o u g h t d o w n
D e l i v e r y t o S e c r e t a r y ' s Office b r o u g h t d o w n
B a l a n c e on h a n d b r o u g h t d o w n
. .
T o t a l a c c o u n t e d for
1, 278, 925
12, 495, 500
'
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T A B I . I : T.—STATEMENT of D I S T I N C T I V E PAPEB—SILK-THBEADED FIBEB—issued from the OFFICE ofthe SECBETABY of
the TBEASUBY to the B U B E A U of ENGBAVING and P B I N T I N G , and D E L I V E B I E S of the same for NATIONAL-BANK CUBBENCY,
S E B I E S 1875.
Denomination.
Combination,
Transaction.
pi
N u m b e r of
sheets.
Amount.
5's.
lO's.
20's.
lOO's,
50's.
00
500's.
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lOOO's.
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B a l a n c e in B u r e a u E n g r a v i n g a n d
J u n e 30 1882
Printing
BLANK PAPER.—Delivered to Bureau Engravi n g a n d P r i n t i n g from t h e Office of t h e Secr e t a r y of t h e T r e a s u r y , for p r i n t i n g c i r c u l a t ing notes.
T o t a l t o b e a c c o u n t e d for
.....
5, 5, 5
10, 10, 10
10, 10, 20
10, 20, 50
20, 50,100
20, 20, 20
20, 50,100
20, 20, 50
50, 50
50,100
50, 50, 50,100
100. 100
500
500, 1000
500, 500, 500, 500
$3, 889,140
947, 500
59, 000
528, 280
220
18, 950, 000
5,
10,
10,
10,
10,
20,
20,
20,
5. 5, 5
10, 10, l a
10, 10, 20
10, 20, 50
20, 50,100
20, 20, 20
20, 50,100
20, 20, 50
50, 50
50,100
50, 50,. 50,100
100, 100
500
500, 1000
500, 500, 500, 500
.$4, 737, 940
2, 360, 000
1.5,818,400
4,400
8,725
2,100
15, 000
3,000
29, 815
6,000
500
$3,139, 900
10, 565, 600
4,400
698, 000
84, 000
900, 000
$1, 752, 650
$3,154, 200
$581, 500
$366, 000
11, 000
10.5,
750,
600,
2, 981,
900,
000
000
000
500
000
$17,621,330
18,950,000
2, 360, 000
26, 414, 000
• 19, 800
698,
399,
1, 650,
600,
8,944,
1, 500,
200,
210,000
5, 963,000
600, 000
200. 000
000
000
000
000
500
000
000
O
rt
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rt
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pi
100
1, 969, 485
..
P E R F E C T N O T E S . — D e l i v e r e d b y B u r e a u of E n gra-ving a n d P r i n t i n g t o t h e Office of t h e
C o m p t r o U e r of t h e C u r r e n c y , for i s s u e .
T o t a l d e l i v e r e d (perfect)
5,
10.
10,
10,
10,
20,
20,
20,
369, 245
200, 000
22, 839,140 1 22, 950, 740
849, 875 16, 997, 500
47, 275
468, 291
440
200
4, 775
3,258
11, 500
2,075
24.115^
3.876
1.375
23^
5
70
1,417,1531 16, 997, 500
1, 891, 000
14, 048, 730
8,800
2,000
15, 950, 530
15. 391, 900
9,365,820
8,800
4,000
382, 000
130, 320
690, 000
10, 580, 940
7,100,150
22, 000
10, 000
162,
575,
415,
2, 411,
581,
900
000
000
550
400
4.177, 850
10,127, 200
781, 500
200, 000
366, 000
20, 000
325, 800
4, 823,100
387, 600
550, 000
6,106, 500
35. 000
5,000
140, 000
10, 000
180, 000
10, 000
79, 556, 630
16, 997, 500
1, 891, 000
23, 414, 550
39, 600
36, 000
382, 000
619 020
1, 265, 000
415, 000
7, 234, 650
969, 000
550 000
35, 000
15, 000
140, 000
54, 003, 320
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T A ^ l L t E "T.—STATEMENT of DISTINCTIVE PAPEB—SILK-THBEADED FIBEB—issued, #c.—Continued.
<y
Combination.
iKrJ
1
1
¥.
E n g r a v i n g a n d P r i n t i n g t o the'Office of thf.
S e c r e t a r y of t h e T r e a s u r v . for de.structi.'U.
tk
^
R
N u m b e r of
sheets.
^
10,
10,
10
lo',
20
90*
20,
10, 10, 10
10, 10, 20
10 20 50
20, 50',100
i
20 20 20
9,n' .^o'lnn
20, 20, 50
50, 50
50,100
50, 50, 50,100
100, 100
500
500, 1000
500, 500, 500 500
T o t a l d e l i v e r e d (imperfect)
Denomination.
Amount.
5's.
99,784 $1, 995, 680
5,692
42, 063
220
60
674
481
1,260
309^
3,214
506
lO's.
$227, 680
1, 261,890
4,400
660
52
25
41
154,530
1, 995, 680
1, 494, 630
3, 845, 960
397, 801i
3, 845, 960
5, 505, 580
1,417,1531 16, 997, 500
154, 530
1, 995, 680
T o t a l d e U v e r e d d u r i n g fiscal y e a r . .
B a l a n c e on h a n d J u n e 30,1888
1,571,6831 18, 993,180
397, 80 l i 3, 845, 960
T o t a l a c c o u n t e d for
1, 969,485
D e l i v e r e d C o m p t r o U e r ' s Office (perfect)
D e l i v e r e d S e c r e t a r y ' s Office (imperfect)
5,
10,
10,
10,
10,
20,
20,
20,
5, 5, 5
1
10, 10, 10
10, 10, 20
10, 20, 50
20, 50,100
20, 20, 20
20, 50,100
20, 20, 50
50, 50
50,100
50, .50, 50,100
100, 100
500
500, 1000
500, 500, 500, 500
$841, 260
4,400
1,320
53, 920
19,240
75,600
50's.
$ i l , 000
3,300
24, 050
63,000
61, 900
321, 400
75, 900
im
192,298
27,950
14.5.125
1,680
23
6,624
2,594
4,083
1,244
11, 698^
3,494
662
163f
153
9
i n g a n d P r i n t i n g J u n e 30,1883.
20'S.
1,118, 000
4, 353, 750
33, 600
230
22, 839,140
995, 740
2,902, 500
33, 600
460
.529, 920
103, 760
244, 980
3, 815, 220
560, 550
84, 000
1,150
129, 700
204,150
248, 800
1,169, 850
524; 100
lOO's.
500's.
lOOO's.
$6,600
48,100
642,800
50,600
57,000
805,100
$78, 666
25, 000
82,000
$50,000
185, 000
50, 000
2,300
259,400
2, 339, 700
349,400
264, 800
245, 500
153, 000
18, 000
306, 000
$1,995, 680
227, 680
2,103,150
19, 800
11, 880
53, 920
91 390
138, 600
61, 900
964, 200
126, 500
57, 000
78, 000
75 000
82 000
6, 086, 700
3, 845, 960
1,118, 000
7,256,250
151,200
4 140
529, 920
492, 860
449,130
248, 800
3, 509, 550
873, 500
264, 800
245,.500
459, 000
18, 000
2, 361, 750
3, 215, 600
416, 500
306, 000
19, 466, 610
15, 950, 530
1, 494, 630
10, 580, 940 1 4,177, 850
995,740 1
560,550
6,106, 500
805,100
180, 000
18.5, 000
10, 000
50,000
54, 003, 320
6, 086, 700
17, 445,160
5, 505, 580
11, 576, 680
3. 815:220'
4. 738, 400
2,361,750
6, 911, 600
3, 215, 600
365, 000
416, 500
60, 000
306, 000
60, 090, 020
19, 466, 610
22, 950,740 i 15. 391. 900 1 7.100.150
10,127,200
781, 500
366, 000 ,
79,556,630
'
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50
REPORT OF T H E SECRETARY OF T H E
TREASURY.
T A B I L E v . —STATEMENT of DISTINCTIVE PAPEB—SILK-THBEADED F I ENGBA VING and PBINTING, and D E L I V E B I E S of the same, for the printing of
30, 1883.
Denomination.
Number
of sheets.
Tranaaction
I's.
2's.
5'8.
ID'S.
UNITED STATES NOTES, SERIES 1880.
Balance in Bureau Engraving and Printing June
30 1882
.
..
Eeceived by IJureau Engraving and Printing durinff fiscal vear 1883
Eeceived by Bureau Engraving and Printing during fiscal year 1883 (specimens)
Total to be accounted for
DeUvered office of the Treasurer (perfect)
DeUvered office of the Secretary (imperfect)
Balance in Bureau Engraving and Printing June
3b, 1883 (specimens)
Balance in Bureau Engraving and Printing June
30 1883
Total accounted for
.....
.
DoUars. Dollars. Dollars. Dollara.
694,400
1,403,840
539, 664
878,000
6,159,100 10,612,000 11,400,000
18,360, 000
29,660,000
90
40
400
80
200
6,503,091 11,306,440 11, 939,744 30,538, 200 19,764,240
343,901
5,710, 000 10, 216, 00010, 240, 00026, 700, 00016,720,000
235, 742 425, 600 422, 864 1,116, 800 627, 880
90
557, 259
40
80
200
400
664, 800 1, 276, 800 2, 721, 200 2, 415, 960
6, 503, 09111, 306,440^11, 939,744 30, 538, 2O0|19,764,240
SILVER CERTIFICATES, SERIES 1880.
Balance m Bureau Engraving and Printing June
30,1882
Eeceived by Bureau Engraxiug and Printing during fiscal'year 1883
Total to be accounted for
DeUvered office of the Treasurer (perfect)
DeUvered office of the Secretaiy (imperfect)
Balance in Bureau Engraving and Printing June
30 1883
.
Total accounted for
35, 900
555,375
14, 760, 000
591, 275
14, 760, 000
507, 000
17,558
12, 560, 000
394,880
66, 717
1,805,120
591, 275
14,760, 000
GOLD CERTIFICATES, NEW YOEK SERIES.
Balance in Bureau Engraving and Printing J u n e
30 1882
Eeceived by Bureau Engraving and Printing durinsr fiscal vear 1883
Total to be accounted for
DeUvered office of the Treasurer (perfect)
Delivered office of the Secretary (imperfect)
Balauce in Bureau Engraving and Printing J u n e
30 1883
Total accounted for
255 200
255, 200
241, 000
13, 855
345
—«
255,200
GOLD CERTIFICATES, DEPARTMENT SERIES.
Balance in Bureau Engraving and Printing J u n e
30 1882
Received by Bureau Engraving and Printing durinff fiscal vear 1883
Total to be accounted for
DeUvered office of the Treasurer (perfect)
DeUvered office of the Secretary (unperfect)
Balance in Bureau Engraving and Printing J u n e
30 1883
Total accounted for
225,125
225,125
160, 250
11,439
53,436
225,125
..
REPORT OF THE SECRETARY OF THE TREASURY.
51
BEB—issued from the office of the SECBETABY of the TBEASUBY to the BUBEA U of
(sundry money-value) UNITED STATES SECUBITIES, for the fiscal ijear ended June
Denomination.
Total.
20'8.
50's.
lOO's.
500's.
1,000's.
5,000's.
10,000'8. 20,000's. 50,000's.
Dollars.
Dollars.
Dollars.
DoUars.
Dollars.
Dollars.
DoUars. Dollars. Dollars.
'
8,160, 000 4,270,000 6,300, 000
800
Dollars.
5,423,664
1,907,760
88, 762, 000
4,000
20, 000
40, 000
67, 520
10,068,560 4,272, 000 6,304,000
20,000
40, 000
94, 253,184
2,000
7,040, 000 4, 000,000 6,000,000
227, 760
270, 000
300, 000
800
2,000
80, 916, 000
3, 390, 904
67, .520
9 878 760
4,000
20, 000
40,000
10,068, 560 4,272, 000 6,304, 000
20,000
40, 000
94, 253,184
11,880,000 4,200, 000 4, 230,000 8,400,000 8, 400, 000
51, 870,000
14, 752, 000 4, 200, 000 4, 230, 000 8,400,000 8,400, 000
54, 742, 000
12, 560, 000 4, 000, 000 4, 000, 000 8.000, 000 8, 000, 000
464, 880
200, 000
400, 000
230, 000
400, 000
49,120, 000
2, 089,760
2,800,000
2,872, 000
2,872,000
1,727,120
3,532.240
14,752,000 4,200,000 4, 200, 000 8,400, 000 «, 400, 000
54, 742, 000
12,760,000 12, 600, 000 8, 400, 00010, 500, 00012, 600, 00024, 000, 000 84, 000,000
164, 860, 000
12,760, 000 12, 600, 000 8,400, 000 10, 500, 00012, 600, 00024, 000, 000 84, 000, 000
164, 860, 000
12, 000, 00012, 000, 000 8, 000, 00010, 000, 00012, 000, 00020, 000, 000 80, 000, 000
732,400
600, 000
400, 000 • 500,000
600, 000 4, 000, 000 4, 000, 000
27,600
154, 000, 000
10, 832, 400
27, 600
12,760,000 12, 600, 000 8,400, 000 10, 500, 00012,600,000 24, 000, 000 84, 000, 000
164, 860, 000
12,600, 000 8,400, 000 8,400, 000 4, 200, 000 8, 900, 000 3, 000, 000 6, 000, 000
51, 500, 000
12,600, 000 8,400, 000 8, 400, 000 4, 200, 000 8, 900, 000 3, 000, 000 6, 000, 000
51, 500, 000
8, 960, 000 4, 800, 000 8, 000, 000 4, 000, 000 8, 000, 000 2, 500,000
665, 840 • 348,200
400, 000
200, 000
900,000
500, 000
5, 000, 000
1, 000, 000
41, 260, 000
4, 014, 040
12,600, 000 8,400, 000 8,400, 000 4, 200, 000 8, 900, 000 3, 000, 000 6, 000, 000
51, 500, 000
2, 974,160 3. 251, 800
6 225 960
52
' REPORT OF THE SECRETARY OF THE TREASURY.
^
T A B I . E v.—STATEMENT of DISTINCTIVE
Denomination.
Transaction.
Number
of s h e e t s .
I's.
2's.
5's.
ID'S.
Dollars.
DoUars.
Dollars.
Dollars.
UNITED STATES REGISTERED BONDS, SUNDRY ISSUES.
B a l a n c e in B u r e a u E n g r a v i n g a n d P r i n t i n g J u n e
30 1882
.
'
.
E e c e i v e d b y B u r e a u E n g r a v i n g a n d P r i n t i n g duri n g fiscal v e a r 1883
E e c e i v e d b y B u r e a u E n g r a v i n g a n d P r i n t i n g duri u g f i s c a l y e a r 1883 (specimens, & c . ) .
T o t a l t o b e a c c o u n t e d for
D e l i v e r e d office o f t h e S e c r e t a r y (perfect)
D e l i v e r e d office of t h e S e c r e t a r y (imperfect)
D e l i v e r e d office o f t h e S e c r e t a r y (imperfect specim e n s &c.)
Balance in Bureau E n g r a v i n g and P r i n t i n g J u n e
30 1883
T o t a l a c c o u n t e d for
1,050
168. 977
368
170,395
158, 000
12, 027
315
53
170, 395
RECAPITULATION.*
Balances money-values in B u r e a u E n g r a v i n g a n d
694, 400
750, 096
539, 664 4, 767,140 6,141,780
P r i n t i n g -June 30, 1882 '
A d d balances check-paper Bureau Engraving and
29, 728
P r i n t i n g J u n e 30,1882
Eeceipts money-values by Bureau E n g r a v i n g and
10, 243, 400 10, 612, 040 11,400, 080 61,105,700 70,047,950
Printin<^ durin*^ fiscal v e a r 1883
Add receipts check-paper by Bureau Engraving
627, 912
a n d Printino" d u r i n g fiscal y e a r 1883
T o t a l to b e a c c o u n t e d for
11, 651,136 11, 306, 440 11, 939, 744 65,872,840 76,189,730
T o t a l deUveries m o n e y - v a l u e s (perfect) d u r i n g
9,180, 544^ 10, 216, 000 10, 240, 000 53, 280,660 59,739,700
fiscal y e a r 1883
T o t a l d e l i v e r i e s c h e c k - p a p e r (perfect) d u r i n g
431, 333
fiscal y e a r 1883
T o t a l deliveries m o n e y - v a l u e s (imperfect) d u r i n g
513, 098 :, 425,600
422, 864 3,826,840 3,429,780
fiscal y e a r 1883
T o t a l deUveries c h e c k - p a p e r (imperfect) d u r i n g
fiscal y e a r 1883
20, 957
Balances money-values in B u r e a u E n g r a v i n g and
1, 299, g53§
664. 840 1, 276, 880 8,765, 340 13,020, 250
P r i n t i n g J u n e 30, 1883
JBalances c h e c k - p a p e r in B u r e a u E n g r a v i n g a n d
P r i n t i n ff J u n e 30 1883
205, 350
T o t a l a c c o u n t e d for
11, 651,136 11, 306,440 11, 939, 744 65, 872, 840 76.189. 7.30l
1
* National-bank currency, series 1875 and
REPORT OF THE SECRETARY OF THE TREASURY.
53
PAPEB—SILK-THBEADED FIBEB, #-c.—Continued.
Denomination.
Total.
20's.
50's.
Dollars.
Dollars.
lOO's.
500's.
Dollars. Dollars.
105,000
1,000's.
5,000's.
10,000's. 20,000's. 50,000's,
Dollars.
Dollars.
Dollars.
437,100 2,742,600 8 654, 50063 000,000
14,900
1,000
5,000
10,000
452,000 2 848,600 8 659,500 63,010,000
350, 000 2, 600. 0007 500,000 60, 000, 000
87,100
247, 600 1 154, 500 3 000, 000
Dollars. Dollars.
525, 000, 000
50, 000
100,000 200,000 500, 000
Dollars.
105 000
599, 834, 200
880. 900
50,000 525 100, 000 200,000 500, ooo' 600 820,100
500, 000, 000
25,000, 000
570, 450, 000
29. 489. 200
14,450
500
1,500
6,000
15, 000
50, 000 40, 000 100,000
227,450
450
500
3,500
4,000
35, 000
50, 000 160, 000 400 000
6.53 4.50
452, 000 2, 848, 6008 659, 50063, 010, 000
7,919,660 1,752,650 3,259,200
481,500
'
50,000 525,100,000 200, 000 500, 000 600, 820,100
366, 000
26, 021, 994
70 129,300 38 304, 00043 115,600 31 979, 50092, 950, 00027, 050, 000615 100, 000 200, 000 500, 0001, 072,494,170
1
27, 050, 000615,100, 000 200, 000 500, 0001, 098, 516,164
46, 374. 80032 ,561, 00093, 316, 000
78, 048, 96040, 056, 650
60, 813, 72031 762, 20039, 575. 200
29 680, 00088, 010, 00022, 500, 000585 000, 000
3, 694, 8802 230, 400 2, 683, 4002 441, 000 4, 956, 0004, 515, 00030 050, 000 40, 000 100, 000
13,540,360 6, 064, 0504,116, 200
440, 000
350, 000
35, 000
50, 000 160, 000 400, 000
990, 817,480
58,915 764
48,882, 920
78,048,960 40 056, 65046,374,800 32,561,000 93,316,00027, 050, 000615,100, 000 200, 000 500, 0001, 098, 516,164
1882, included iu the recapitulation.
54
REPORT OF THE SECRETARY OF THE TREASURY.
T A B I . E Y.—STATEMENT of BEDEEMED UNITED STATES SECUBITIES
COUNT,EXAMINATION, and DESTBUCTION,
Denominations.
T i t l e of s e c u r i t y .
Is.
2s.
5s.
$14, 608 20
TJnited S t a t e s n o t e s , n e w i s s u e . .
$9, 810 50
$190, 780 00
U n i t e d S t a t e s n o t e s , series 1869..
74, 980 60
111,261 00 1, 995, 642 50
U n i t e d S t a t e s u o t e s , s e r i e s 1874..
67,125 60
94, 327 00
U u i t e d S t a t e s notes, series 1875,. 614,138 80 1,163,131 00 5, 922, 622 50
U n i t e d S t a t e s noted, s e r i e s 1878.. 1,519,970 10 1, 802, 664 00 6, 991, 732 50
U n i t e d S t a t e s n o t e s , s e r i e s 1880.. 7, 684, 579 20 5, 584, 240 00 3, 951, 677 50
Uuited States demand uotes
250 00
One-year n o t e s of 1863
T w o - y e a r n o t e s of 1863
C o m p o u n d i u t e r e s t u o t e s of 1863.
Compouiul i n t e r e s t n o t e s of 1864
S i l v e r certificates, s e r i e s 1878
S i l v e r c e r t i t i c a t e s , s e r i e s 1880 . . .
Gold certificates. N e w Y o r k ,
s e r i e s 1882
G o l d certificates, W a s h i n g t o n ,
s e r i e s 1882
Eefundin<^ certificates .
N a t i o n a l c u r r e n c y u o t e s of
'' f a i l e d ' ' a n d '' U q u i d a t i n g ' '
banks
......
16, 639 50
12,164 00 1,855, 789 50
National currency redeemed
267, 744 50
and retired
228,206 00 26,768,419 00
T w o - y e a r c o u p o n - n o t e s of 1863..
Totals
Eedeemed
stamps.
10,254,994 80 9, 010, 601 20 47, 676, 913 50
10s.
$361, 575
4, 371,110
$.375, 060
• 3, 773, 502
3,179, 405
4, 573, 045
1,806, 745
260
370
2, 767, 210
4, 846, 670
448,120
200
1,040
120
2,090
421, 723
3, 816,105
2,680
434,130
2, 733, 326
152, 080
45, 020
71, 600
1, 632, 542
892, 238
25, 646, 705
14, 652, 998
45, 883, 395
31,124.274
Internal-revenue
Eedeemed Uuited States fractional currency received for destruction.
United
United
United
United
United
United
United
States fractional currency, first issue
States fractional currency, second issue
States fractional currency, tbird issue
States fractioual currency, fourth issue
States fractioual curreucy, fourtli issue, second series States fractional currency, fourth issue, third series...
States fractional currency, filth issue
Totals
Aggregate of redeemed United States securities received for destruction
20s.
REPORT OF T H E SECRETARY OF T H E
55
TREASURY.
BECEIVED by the OFFICE of the SECBETABY of the TBEASUBY, for F I N A L
during the fiscal year ended June 30, 1883.
Denominations.
Total,
100s.
50s.
$42,200
575, 850
1, 907, 700
247, 600
1, 315, 475
117, 050
250
450
$55,400
1,102, 000
1, 470, 600
1. 884, 000
11, 600
2,300
721, 815
164, 800
500
800
100
1, 500
807, 080
366,400
149,000
135,600
500s.
$22, 000
39, 500
667,500
780, 000
618, 500
1, 008, 500
208,000
1,000s.
5,000s,
10,000s.
$33, 000
1, 453, 000
921, 000
$10,105, 000
22,100, 000
2, 046, 000
350, 000
1,035, 000
5, 760, 000
200
328, 750
4, 706, 450
500
10, 280, 390
$1,104,439 70
13, 496 846 10
2. 736 652 60
16,144,707 30
56,678,056 60
19,604,011 70
710 00
2,160 00
1 250 00
220 00
8, 570 00
5,439 248 00
7, 080, 631 00
7, 789, 680 00
45 220 00
71,600 00
250, 300
6, 307, 700
300
12,393,880
2,000
272,000
3, 618, 000
1,000
4, 991,423 00
75, 000
1,000
78, 925, 222 50
1, 800 00
4, 880, 000
11,140,000
27, 800, 000
3,113,452 05
Denomi]lations.
3c.
5c.
10c.
$30 68,
$41 77
57 23
20 85
$93 94
83 49
472 50
1, 791 86
30 68
119 85
7,491 12
^150.
$0 24
663 20
5, 049 33
663 44
25c.
$127 38
153 55
787 31
2, 896 35
50c.
17, 228 38
$307 30
150 75
1, 214 90
477 40
2, 308 20
3, 093 10
Q, 507 25
21,192 97
17, 058 90
570 39
445 02
2, 526 48
5 828 81
2, 308 20
3, 093 10
31, 784 96
217, 282,457 51
56
REPORT
OF THE
SECRETARY
OF T H E
TREASURY.
T A B I . E W . — S T A T E M E N T of UNITED STATES S E C U B I T I E S UNISSUED,
and MUTILATED, in process of P B I N T I N G , received by the OFFICE of the SECBETABY of the TBEASUBY for F I N A L QOUNT, EXAMINATION, and DESTBUOT I O N during the fiscal year ended June 30, 1883.
Title of security.
United
United
United
United
United
United
United
United
United
Total.
States bonds unissued
States national bank currency, unissued
States notes, series of 1880
States silver certificates
States gold certificates, series 1882
,
States bonds mutilated in printing
:
States bonds, specimens, mutilated in printing
States national bank currency mutilated in printing, series of 1875
States national bank curreucy mutilated in printing, series of 1882
$311, 274, 800 00
286,110 00
3, 390, 904 00
2, 089, 760 00
14, 846, 440 00
29, 489, 200 00
227, 450 00
6, 086, 700 00
2, 685, 310 00
Aggregate destroyed
370, 376, 674 00
T A B I . E IL.—BETUBNS, by JUDGMENTS, ofthe UNITED STATES COUBT of
CLAIMS, of P B O C E E D S of P B O P E B T Y S E I Z E D as CAPTUBED or ABANDONED, under the act ofMarch 12, 1863, P A I D from July 1, 1882, to June 30, 1883.
To whom paid.
Date.
January 1, 1883 . . .
June 13,1883
Amount,
Edward T. Parker, administrator of John K. Elgee
Stephen Duncan, executor of Stephen Duncan, deceased
Total '.
$105, 007 59
19, 543 79
124, 551 38
T A B I . 1 3 W.—BECEIPTS and DISBUBSEMENTS by UNITED STATES ASSISTA N T TBEASUBEBS during the fiscal xjear ended June 30, 1883.
BALTIMOEE.
Balance Jtme 30, 1882
$5,054,201 05
RECEIPTS.
On account of customs
On account of internal revenue
On account of redemption
On account of certificates of deposit, act J u n e 8, 1872
On account of Post-Office Department
On account of transfers
On account of patent fees
On account of disbursing officers"
On account of semi-annual duty
On account of miscellaneous
$3,166, 244 58
486, 944 16
1, 085, 580 00
3, 550, 000 00
438, 950 94
8,445,600 87
135 00
3, 999, 523 20
136, 620 22 .
48, 283 97
21, 357, 882 94
26, 412, 083 99
DISBURSEMENTS.
On account
On account
On account
On account
On account
On account
On account
of treasury drafts
:
of Post-Office drafts
of disbursing accounts
of redemption
of interest
of transfers
of certificates of deposit, act J u n e 8,1872
Balance June 30, 1883
3. 959, 809 45
333,475 04
3, 793,085 55
1,102,120 00
955, 454 01
3,168, 027 80
3,235, 000 00
•'
16, 546, 971 85
9,865.112 14
REPORT OF THE SECRETARY OF THE TREASURY.
57
T A B I . E Yo—BECEIPTS and DISBUBSEMENTS, ^c—Continued.
BOSTON.
Balance June 30, 1882
:
•
$14,235,924 51
RECEIPTS.
Onaccountof
On account of
Onaccountof
On account of
On account of
On account of
On account of
On account of
customs
internal revenue
certificates, act June 8, 1872
Post-Office Department
transfers
patent fees
disbursing officers
miscellaneous
$25,609,638 22
1,074,499 95
3,235,000 00
2,333,729 95
11,088,080 88
8, 349 20
28, 533, 563 18
7, 323,713 79
79, 206, 575 17
93, 442, 499 68
DISBURSEMENTS.
Onaccountof Treasury drafts
On account of Post-Office drafts
On account of disbursing officers
On account of interest
On account of transfers
Ou account of certificates of deposit, act June 8, 1872
On account of fractional currency redeemed
On account of standard dollars
On account of misceUaneous
16,449,389 32
1, 671, 601 11
28, 365. 095 26
7, 231, 610 24
11,127, 520 41
3, 510. 000 00
722,485 69
463,113 00
10, 529 64
Balance .June 30, 1883
69, 551, 344 67
23,891,1.55 01
CHICAGO.
Balance June 30, 1882
On account of
On account of
On account of
On account of
On account of
On account of
On account of
Onaccountof
On account of
On account of
On account of
On account of
14,391,179 67
customs
internal revenue
sale of lands
gold certificates
certificates of deposit, act June 8,1872
Post-Office Department
transfers
patentfees.
disbursing officers
•.
semi-annual duty
Secretary of Treasury
miscellaneous.'.
-
4, 930, 757 72
2,630,191 08
887, 662 08
3, 000, 000 00
550, 000 00
4, 002, 575 72
13,683, 543 19
7,589 00
12,933,411 47
90,288 39
3,476 10
410,381 73
43,129, 876 48
57, 521, 056 15
DISBURSEMENTS.
Onaccountof
On account of
Onaccountof
On account of
On account of
On account of
Ou account of
Treasury drafts
Post-Office drafts
disbursingofficers
interest
transfers
certificates of deposit, act June 8,1872
fractional currency redeemed
Balance June 30,1883
13,184,888 82
3,763, 562 57
12,120,166 37
1, 509,486 96
11, 047, 628 54
1, 035,000 00
6,908 28
42, 667, 641 54
14,853,414 61
58
REPORT OF THE SECRETARY OF THE TREASURY.
T A B £ . E Y.—BECEIPTS and DISBUBSEMENTS, ^c—Continued.
CINCINNATI.
Balance Jun e 30,1882
$3, 650. 092 97
EECEIPTS.
On account of custoras
On account of internal revenue
On account of fractienal currency
On account of minor coins
On account of fractional silver coin
On account of certificates, act June 8,1872
On account of Post-Oflice Department
On accountof transfers
On accountof patentfees
On account of disbursing officers
On account o f interest
On account of miscellaneous
-.
„
$1,104, 396 59
433,169 11
670 00
38, 593 00
661.101 00
2, 340, 000 00
1, 895, 977 84
8,776,830 63
5,217 45
1,785,199 18
1,296,474 98
167,844 88
18, 605, 474 66
22,155, 567 63
DISBURSEMENTS.,
On account of
On account of
On account of
On account of
On account of
Onaccountof
On account of
On account of
On account of
Treasury drafts
Post-Office drafts
disbursing officers
niinor coins redeemed
fractional silver coin redeemed
intt-rest
transfers
C6;rtiticates of deposit, act Juue 8,1872
fractional curreucy redeemed
1,771, 785 39
1,897, 654 01
1, 808,472 77
38.593 00
661,101 00
1,296.474 98 7,813, 474 71
2,255, 000 00
670 00
Balance June 30,1883
17, 543, 225 86
4, 612, 341 77
N E W OELEANS.
Balauce Ju ne 30,1882
7, 264,728 75
On account of customs
On account of inteinal revenue
On account of sale of lands
On account of Post-Office Department
On account of transfers
On account of patent fees
On account of disbursing officers . . . 1
On account of iniscellaneous
2, 480, 662 96
913, 609 69
912,143 80
1, 039, 388 21
18, 034,213 84
356 00
3, 980, 642 52
238,391 73
27, 599, 408 75
34, 864,137 50
DISBURSEMENTS.
On accouut of Treasury drafts
On account of Post-Offiee drafts
On account of disbursing accounts
Onaccountof transfers.:
Onaccount of fractional currency redeemed
Balance June 30,1883
4, 591, 461 76
858,982 34
3,734, 703 97
14,486,652 36
900 00
„
23, 672, 700 43
11,191,437 07
REPORT OF THE SECRETARY OF THE TREASURY.
59
T A B I . E Y.—BECEIPTS and DIS'B UBSEMENTS, fCi—CoutmuGa.
N E W YORK.
Balance June 30, 1882
;
$98,727,509 22
RECEIPTS.
On account of customs
On account of gold certificates, act July 12,1882
On account of internalrevenue
On account of certificates of deposits, act of June 8, 1872
On account of Post-Office Depai'tment
Onaccountof transfers
On account of patent fees
Onaccount of disbursing officers
On account of assay office, bulUon
On account of interest
On account of iniscellaneous
$151,869,013 41
71,350, 000 00
2,729,890 40
4,445, 000 00
8,299,509 47
141,888,031 32
4,102 70
274,154,756 53
5, 640,524 93
42,398,664 77
54,705,451 59
757, 484,945 12
856, 212, 454 34
DISBURSEMENTS.
On account of Treasury drafts
315, 073, 315 88
On account of Post-Office drafts
7,153, 675 01
On account of disbursing officers
267,464,449 88
On accouut of assay office, buUion
11,048, 820 81
On account of iuterest
42,398, 664 77
On account of Louisville and Portland Canal Company bond redeemed .
1, 000 00
On account of United States bonds redeemed
45, 317,770 15
On accouut of United States bonds, sinking fund
552, 636 00
On account of United States gold certificates, act March 3,1863
..
1, 533, 580 00
On account of United States gold certificates, act July 12, 1882, New
York series
....'....
7,715,000 00
On account of United States gold certificates, act July 12,1882, Washington series
'.
20,000 00
On account of certificates of deposit, act June 8,1872
4, 050. 000 00
Ou account of United States notes, mutilated
16,458,269 00
Ou account of ISTational Bank uotes, mutilated
4,734, 000 00
On accouut of United States silver certificates, mutilated
8,279, 000 00
On account of fractional currency, mutUated
21, 570 00
Balance June 30, 1883.....'
731, 821, 751 50
124,390,702 84
(United States gold certificates, act July 12, 1882, New Tork series, canceled at Washington, not included above, $51,680.)
Balance on hand June 30,1882
PHILADELPHIA.
'.
$17,296, 326 80
RECEIPTS.
On account
On account
On account
On account
On account
On account
On account
On account
On account
of disbursing officers
of Post-Office Department
of transfers
of certificates of deposit, act J u n e 8,1872
of semi-annual duty
of internal-revenue
of patent fees
of misceUaneous
.^
of customs
On account
On accouut
On accouut
On account
On account
On accouut
DISBURSEMENTS.
of disbursing officers
of Post-Office drafts
of Treasury drafts
.of certificates of deposit, act June 8,1872
of interest
of transfers
Balance June 30, 1883
$16,460, 752 86
2, 258,643 76
13,016,000 38
5, 035, 000 00
577, 369 38
360. 833 00
4, 384 90
2,198,998 19
12,459, 268 53
—
52, 371, 251 00
69,667,577 80
16,869, 244 48
2, 048, 003 98
10,746. 243 81
4,700, 000 00
3, 241, 506 87
8,198, 111 40
4.5,803,110 54
23, 864,467 26
60
REPORT OF T H E SECRETARY OF T H E
TREASURY.
I^ABEilE Y . — B E C E I P T S and DISBUBSEMENTS, #c.—Continued.
SAINT LOUTS.
Balance June 30, 1882
$9,219, 464 79
RECEIPTS.
On account of customs
On account of internal revenue
On account of sale of lands
On account of Treasurer's transfers.
On account of redemption
On account of certificates of deposit, act June 8, 1872
On account of Post-Office Department
On account of transfers
On account of patent fees
On account of disbursing officers
On account of assay office, ordinary expense account
On account of bullion account
On account of miscellaneous
$1,841,297 10
761, 625 43
64.196 56
3,331, 914 45
886, 878 51
245, 000 00
2,407, 634 19
16,450, 784 23
2, 920 75
12, 059, 523 67
2, 860 39
25, 000 00
707,380 91
38, 793, 016 19
48, 012, 480 98
DISBURSEMENTS.
On account of Treasury drafts
On account of Post-Office drafts
On .account of disbursing officers
On account of assay office, ordinary expense account
On account of bullion account
.'
On account of interest
'.
Ou account of Treasurer's transfers
On account of transfers
,
On account of certificates of deposit, act June 8, 1872
On account of fractional currency redeemed
12, 048, 587 38
2, 501, 236 36
11, 581, 674 04
5, 507 13
18,446 00
638, 744 47
561, 4C0 41
7,179, 440 00
425, 000 00
185 00
34, 960, 220 79
Balance June 30,1883
;
13, 052, 260 19
SAN FEANCISCO.
Balance June 30, 1882
*41, 021, 949 69
RECEIPTS.
On account of customs
On account of internal revenue
On account of sale of lands
On account of repaymeuts
On account of standard dollars
On account of Post-Office Department
On account of transfers
,
On account of patent fees
On account of disbursing officers
On account of miscellaneous
,.
10, 939, 623 70
3, 976, 213 04
795, 050 37
235, 324 29
1, 946, 500 00
961, 657 03
20,676. 220 00
17, 919 50
12, 264,439 41
1,123, 226 97
52, 936,174 31
93, 958,124 00
DISBURSEMENTS.
On account
On account
On account
On account
On account
of Treasury drafts
of Post-Office drafts
of disbursing officers
of interest
of transfers
9, 894, 244 03
993,476 12
11, 362, 982 69
551, 505 17
1,150, 301 89
Balance June 30, 1883
...
* Including reserve fund, $2,240,000.
23, 952, 509 90
70, 005, 614 10
APPENDIX ACCOMPANYING THE REPORT.
REPORT OF THE SECRETARY OF THE TREASUKY.
61
APPENDIX.
SCHEDULE No. 2.
(Eeferred to on pages xxxvi, xxxix, XL.)
ESTIMATES of E X P E N S E S of COLLECTING the B E V E N U E from CUSTOMS for
the fiscal xjear ending Jxme 30, 1885, shoxving the N U M B E B of EMPLOYES and SALA B I E S B E Q U I B E D in E A C H DISTBICT, under the CONSOLIDATION and BEOBGANIZATION as BECOMMENDED by tlie SECBETABY. of the TBEASUBY.
MAINE.
Per
anuum.
Officers.
Total.
VANCEBOROUGH.
Collector
Deputy collectors
Deputy collectors and inspectors
do
do
each.
do..
do..
$1,400
1,000
800
Total.
$3, 000
2,800
5,000
2, 400
13, 200
Collector
Deputy collector
Deputy collector and inspector
Deputy collectors and inspectors
do . . .
do.
do
do...
do
do —
do
do...
Deputy collector and inspector
.'
each.
-do.
. do..
. do .
. do..
1,000
800
600
300
200
Total.
3.000
1,600
1,400
6,000
1,600
2, 400
600
400
100
17,100
Collector
Dei)uty collector
:.
Deputy collector aud inspector.
Deputy collectors and iuspectors
do.
.do .
.do.do .
.do.
.do .
each.
.do.
do.
-do..
1, 000
800
600
300
Total.
3,000
1,600
1,400
6,000
3,200
1, 200
600
17, 000
EASTPORT.
CoUector
Deputy collector
Inspectors
Clerk.
Deputy collector
Deputy collector and inspector
Inspectors
Deputy collectors and inspectors
23
-
:.,each.
1,000
each.
do..
800
300
Total.
Collector
Deputy collectors
do
Clerk.
Clerks
do
Clerk.
Inspectors
Inspectors (for 6 months)
Night inspectors (for 6 months)
Boatmen
Messengers
Laborer
Watchman
Deputy collectors and inspectors
Deputy collector and inspector
21, 400
each.
do .
2, 500
1,800
each.
do..
1,200
1,000
each.
do..
do..
do..
do..
1,000
1,000
900
800
600
each.
Total.
3,000
1,800
5,000
1,000
1,200
1,000
7,200
1,200
5,000
5,000
3,600
1,600
7,200
2,000
900
18, 000
8,000
3,150
1,600
1,200
600
720
600
100
56, 770
m
62
R E P O R T O F T H E SECRETARY OF T H E TREASURY.
SCHEDULE NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continued.
N E W HAMPSHIEE.
No.
Per
annum.
Officers.
Total.
PORTSMOUTH.
3
1
9
Collector
Deputy collector
Deputy collector and inspector
do
do
In.spector
Inspectors.
.Boatman . . . . . . . . . . . . .
c
...
.
....
each
L.
$1, 000
Total
$2, 000
1,200
1 000
600
1,400
3 000
'400
9.600
YEEMONT.
BURLINGTON.
Collector
Deputy collector
Deputy collectors and in.spectors.
db
do
Deputy collector and inspector . . .
Deputy collectors and inspectors .
db
do
do
do
Inspectois
do
Deputy collectors and inspectors .
Night watchmen
Clerk
Deputy collectors and inspectors.
Deputy collector and inspector —
Clerk."
Boatman
Tally clerks
:..
.each.
.. do-.
$1,800
1,600
.each.
...do..
...do-.
...do..
..do..
...do..
...do..
1, 200
1.400
1,000
1,400
1,000
600
600
.each.
1,000
.each.
Total.
$5, 000
2.500
3.600
6, 400
1,400
4,800
4,200
11, COO
2,800
21,000
3.600
1,200
600
2, 000
800
1, 000
600
960
,73, 460
MASSACHUSETTS.
Collector
Deputy collector
db
Clerk
Deputy collectors and inspectors .
Inspectors
Inspector
Boatman
Deputy collector and inspector...
.each.
...do..
$1, 000
1,000
Total.
$3, 000
1,800
1,400
1,200
5,000
7,000
1, 200
600
300
21, 500
BOSTON.
Collector's office.
Collector
Deputy coUector
Secretary and chief clerk .
Deputy collectors
.....do
Auditor
Cashier
Assistant cashier
Clerks
do
.do .
.do .
.do .
.do .
Cleik and storekeeper
Clerk and assistant storekeeper.
Copyist
Messengers
.each.
..do..
3,000
2,500
.each.
,..do....do..
...do-.
..do..
...do..
2,000
1,800
1, 600
1,400
1,200
1,000
.each-
8,000
4,000
2,500
9,000
5,000
3.000
3, 000 '
2,200
8,000
12, 600
22, 400
60. 200
18, 000
22, 000
1,600
1,200
600
5,880
REPORT OF THE SECRETARY OF THE TREASURY.
63
^ciiBT>viMl^o.2.—ESTIMATES of E X P E N S E S of COLLECTING B F F E N U E from
CUSTOMS, 4'C.—Contiuned.
MASSACHUSETTS—Continued.
No.
Per
annum.
Officers.
Total,
BOSTON—Continued.
Collector's ojjice—Continued.
Messengers
A.ssistant to cigar inspector
Night watchmenInspectors
Eemale inspector
Cantain of night inspectors
Niglit inspectors
Weiiihers
A ssistant Aveighers
G-auger
Assistaut gaugers
Assistant weighers
,
do .. .\
Weigher's clerks
Storekeeper of port
Foremen of laborers
Laborers
Carpen ter
Eevenue boatraen
Day watchman
Measurer of marble, when employed
Deputy collectors and inspectors
Deputy collector and inspector
db
do
Deputy collectors aud inspectors
db
do
do
do
- - - • each.
$720
each.
do..
800
1,400
each.
do...
do..
1,000
2, 000
1,400
each.
do..
do..
do..
1, 400
1,200
1,000
1,000
each.
do..
1,000
800
each.
800
-..each.
, - .each.
do..
do..
500
300
$5, 760
800
6,400
121, 800
900
1,400
24, 000
6,000
4. 200
2,000
2. 800
16, 800
15,000
3, 000
2,000
2. 000
25, 600
900
3. 200
1,000
1,200
2,000
900
800
1,600
1,000
600
Naval office.
Naval officer
'.
Deputy Naval officer
Cliief clerk and acting deputy
Clerks
do
do
do
Clerk
each
do.
do...
do.
, ..
1.800
1,600
1,400
1,200
each..
2,500
each..
do...
1.800
1,600
each..
1.600
each..
do
1,200
1, 200
5,000
2, 500
2,000
7, 200
9,600
4,200
2,400
1,000
Appraiser's department.
General appraiser
Appraiser
Assistant appraisers
Clerk to general appraiser
Special examiner of drugs
Examiner
Examiners
do
Examiner
do
Cl erks
Clerk
Clerks
Samplers
Sampler
Openers and packers
do
,
Messengers
*.
,-
.".
each..
do
-. do
900 ,
840 I
840
Total.
3,000
4,000
7,500
1,400
1,000
2,000
18, 000
3, 200
1,400
1.200
3,200
1,400
2,400
8,400
840
4, 500
4, 200
1,680
546, 060
NEW BEDFORD.
Collector
Deputy collector
Clerk
Deputy collector and inspector
Deputy collectors and inspectors
. . . . . . db
do
Boatman
Total.
each.
do..
do..
500
,000
800
3,000
1,800
1, 000
800
1, 500
4,000
1, 600
500
14, 200
64
REPORT OF T H E
SECRETARY OF T H E
TREASURY.
SCHEDULE NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, cjc—Continned.
EHODE ISLAND.
No.
Per
annum.
Officers.
Total.
PROVIDENCE.
CoUector
D e p u t y collector
D e p u t y collectors
Inspectors
do
Inspector
D e p u t y collectors a n d i n s p e c t o r s
D e p u t y collector a n d i n s p e c t o r
Storekeeper
Clerk and sampler
AVatchman
each.
do..
-. d o . .
$1,800
1,200
1,000
each.
1,000
Total.
$4, 000
2,000
3,600
7,200
5,000
500
2, 000
600
1,000
1,200
720
27, 820
CONNECTICUT.
N E W LONDON,
Collector
.
D e p u t y collector .
db
.do.
D e p u t y collectors a n d i n s p e c t o r s
each.
$1, 000
Total.;
$2, 500
1,600
500
300
3,000
7, 900
NEW HAVEN.
Collector
,
D e p u t y collector
J
D e p u t y collectors a n d i n s p e c t o r s
D e p u t y collector a n d i n s p e c t o r
D e p u t y collector a n d c l e r k
do
.do
D e p u t y collector a u d i n s p e c t o r
db do
do
.do
D e p u t y collectors a n d i u s p e c t o r s
Inspectors, weighers, aud gaugers
Messenger
Boatmau
D e p u t y collectors a n d i n s p e c t o r s
Night iuspector
,,..
each.
each.
do..
1.50 I
1,200
each'.
1,000
:
4,000
2,000
2,400
1, 000
1,400
1,200
800
500
200
300
2,400
500
400
4,000
900
22, 000
Total.
N E W YOEK.
N E W YORK CITY.
Collector's office.
Collector . . .
Chief c l e r k .
Auditor
Cashier
Assistant auditor
Assistant cashier
D e p u t y collectors
do
Clerk.
Clerks
.do.
.do.
.do.
.do.
-do.
.do.
.do.
:
1
1
•.
each..
do . . -
$3, 500
3,000
each.
.do.
-do.
.do..
.do..
.do..
.do..
.do..
2,500
2,200
2,000
1,800
1,600
1,400
1,200
1,000
$12,000
5,000
5,000
5,000
3,000
3, 000
21, 000
15. 000
3,000
25, 000
39. 600
74. 000
28, 800
76, 800
93. 800
118, 800
20, 000
R E P O R T OF T H E SECRETARY OF T H E TREASURY.
65
SCHEDULE NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
C USTOMS, ^'c—Continned.
N E W YOEK—Continued.
No,
Per
annum.
Officers.
Total.
N E W YORK CITY—Continued.
Collector's office—Continued.
. 43 Messengers
:
10
do.
do
•
2
1 Superintendent at Castle Garden
1 Measurer of marble
i Superintendent of laborers at public store
1 Engiueer
1 Eugineer at public store
1 Assistant engineer at custom-house
1 Detective
._
.'.
1 Master mechanic
3 Carpenters
1 Opener and packer
1 Bookbinder
34 Watchraen
1 Storekeeper
1 Assistant storekeeper
•
:
1
12 Laborers
3 Eiremen
1 Scrubber
do
1
1 Deputy collector at Albany
4 Inspectors at Albany and Troy
1 Deputy collector and inspector at Cold Spring
1 Deputy collector and inspector at Sag Harbor
1 Deputy collector and inspector at Greenport
1 Deputy collector and inspector at Patchogue
1 Deputy collector and inspector at Port Jefferson
300 Inspectors
do
15
123 Night inspectors
7 Eemale inspectors
4 Coast inspectors
1 Telegraph operator
.y..
.each.
...do..
..do,-
$840
720
500
.each.
1,000
.each.
1,000
.each.
..do..
720
720
.each.
1,000
.each.
...do..
..do..
...do..
...do..
1,400
1,000
1,000
1,000
200
.each.
..do..
.,do...do..
2,500
1,400
1,200
900
i..
$36,120
7, 200
1,000
2,000
2,000
1,600
1,400
1,200
720
1,200
1,200
3,000
1,000
1,200
34, 000
1,400
1,000
8,640
2, 160
540
360
3,000
4.000
200
300
200
200
,200
420, 000
15, COO
123, 000
7,000
800
1,000
Weigher's and Ganger's department
Weighers
Weighers' foremen .
Assistant weighers .
do
Gauger
Gaugers
Eoreman
Assistant gaugers . .
,
do
Laborers
.each.
2,200
. each.
..do..
. do .
1,200
900
720
10, 000
7,000
60, 000
27, 000
2,500
4,400
1,400
7,200
4,500
19, 440
Surveyor's office.
Surveyor
Assistant surveyor . . ,
Deputy surveyor
Deputy surveyors . . .
Clerks
.*
do
Measurers of vessels .
Messengers
.do
Scrubber
Naval officer
Deputy naval officer..
Deputy naval officers .
Auditor
Clerks
do
do
do
do...
do
Clerk
Messengers
do
3780 F
5
-each.
..do..
..do..
..do..
..do..
..do..
2, 500
1,800
1,600
1,400
840
720
. each.
2,500
.each.
,. d o . .
..do..
..do..
..do..
..do..
2.200
2,000
1, 800
1,600
1,400
1,200
6,000
5,000
3,000
5, 000
7, 200
9,600
9,800
1, 680
4.320
360
Naval ofice.
.each.
...do..
840
500
6,000
3,000
7, 50D
2,500
. .17, 600
40, 000
9, 000
28, 800
15, 404>
16, 800
1, 000
4,200
1,000
66
R E P O R T OF T H E SECRETARY OF T H E TREASURY.
SCBS:T>VJ.^'NO.2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, cfc—Continned.
I
NEW
YOEK-Continued.
Per
annum.
Officers.
No.
Total,
N E W Y O R K CITY—Continued.
^ Appraiser's departnient.
1
1
7
1
22
12
20
14
1
2
12
14
16
30
105
Appraiser
Assistant appraiser
Assistant appraisers
Chief clerk
Examiners
do
.do.
do.
Clerk.
Clerks
do
.do.
do
Samplers
Openers and packers
MTessengers
do
each.
each.
do..
do..
do..
-.
$3,000
2,500
2,200
2, 000
1,800
each.
do..
.do...
:...do.
do..
do..
.do..
do..
1,800
1,600
1,400
1,200
1,200
900
840
720
each.
1,800
each.
1, 200
$6, 000
3, 500
21, 000
2, 500
55. 000
26, 400
40, 000
25. 200
2.200
3, 600
19, 200
19, 600
19.200
36. 000
94, 500
6,720
0, 040
General a p p r a i s e r ' s offi/ie.
1
1
2
1
4
1
1
1,450
General appraiser,
Clerk.
Clerks
Clerk..
Clerks
O p e n e r a n d X)acker.,
Messenger.
Total.
4,000
2, .500
3, 600
1,600
4.800
900
720
1, 984, 620
PLATTSBURGH,
Collector
J
D e p u t y collector a n d i u s p e c t o r
D e p u t y coUectors a n d i n s p e c t o r s
.:
db
do
D e p u t y coUector a n d i n s p e c t o r
D e p u t y collectors and inspectors
do
do
do
-do
each...
do - . .
1,400
1,200
each..
do...
do.
900
800
600
Total-
a, 000
1, 800
2,800
2, 400
1, 000
8,100
6, 400
1,800
27. 300
OGDENSBURG.
Collector
D e p u t y coUector a n d i n s p e c t o r
do
D e p u t y coUectors a n d i n s p e c t o r s
db
do
do
do
do
do
Inspectors
each..
do..
do..,
do..
do..
1,200
1,000
800
500
1,000
.{, OOO
1, 600
1. 400
3, 600
2. 000
1,600
1, 500
9.000
23, 700
Total.
CAPE VINCENT.
Collector
?.
D e p u t y collector a n d i n s p e c t o r
db.
do
D e p u t y collectors and inspectors
do
do
do
do
each...
d o . -.
do...
1,000
900
500
Total.
CoUector
D e p u t y oollector ,
do.
D e p u t y collectors
D e p u t y collector a n d i n s p e c t o r
D e p u t y collectors and i n s p e c t o r s
db
do
Total
2, 500
1,400
1, 200
2, 000
1,800
3, UOO
11, 900
each.
1,400
each.
do.
1,000
800
4,000
1,800
.1,600
2, 800
1,260
3, 000
15, 200
29,600
REPORT OF T H E SECRETARY OE T H E TREASURY.
67
S C H E D U L E NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, ^c—Continned.
N E W YOEK-Continued,
Per
annum.
Officers.
No.
ROCHESTER.
1
1 Collector
Deputy collector.
......
..
2. Deputy coUectors and inspectors
2
do
do
8
do
.
6
20
1
1
1
5
1
24
^ 2
5
1
41
1
1
1
1
6
7
22
1
2
1
1
1
45
-
. ,
-each..
do...
do...
. . . .
fin
$1,400
1,200
1,000
800
Total
Total.
$3, 000
1 800
2, 800
2,400
8,000
4,800
22, 800
SUSPENSION BRIDGE.
Collector
Deputy coUector
Deputy ooUector and inspector
Deputy collectors and inspectors
Deputy collector and inspector
Deputy collectors and iuspectors
do
do
Messenger .
each..
1,400
..each..
do...
1,000
800
600
do.
Total
4,000
2,000
1,600
7,000
1 200
24,000
1,600
3, 000
600
4.5, 000
BUFFALO.
Collector
Deputy collector and inspector
do
•
do....
Deputy coUectors and inspectors
do
. . .
do
Deputy collector and inspector
Deputy collectors and inspectors
Mes.swnger.- ,
do
Opener aud packer
Total
......
each..
do
<ln- . . _.
each..
,
1,400
1,200
1,000
600
.
•
5, 000
2 ,500
1 800
1,600
8, 400
8,400
2'> 000
80O
1, 200
800
500
900
53, 900
NEW JEESEY.
P E R T H AMBOV.
Collector
Deputy collector
Deputy collectors aud inspectors
Deputy collector and inspector
Coast inspector-
^
:
each..
$1,200
each..
600
Total.
.$3, 000
1,400
2, 400
300
1,200
8,300
PENNSYLVANIA.
PHILADELPHIA
Collector
Deputy collectors
Deputy collector
Auditor
Cashier.
Assistant cashier
Clerks
.do.
.do.
.do.
do
Messenger
Messengers
L
Watchmen
Superintendent warehouses
Clerk and cigar inspector
Foremen (public stores)
Night watchmen
Marker
Collector's office..
,
each.
$3, 000
each..
.do.,
.do...
-do . .
.do...
2, 000
1,800
1,600
1.400
1,200
each
-.do.
720
900
eacli
do.
900
900
'.
$8,000
6. 000
2.500
2, 500
2, ,500
2; 000
4,?000
9,000
20, 800
15,400
7,200
840
2, 880
1, 800
2,000
1,400
1,800
1,800
720
68
R E P O R T OF THE SECRETARY OF T H E
TREASURY.
SCHEDULE No. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, 4c—Continned.
PENNSYL YANIA-Continued.
Per
annum.
Officers.
No.
Total,
PHILADELPHIA—Continued,
Collector's t»^ce—Continued.
17
25
1
2
6
72
1
1
34
1
Laborers
Bargemen
Deputy coUectors and inspectors.
Carpenter
Day watchmen.
Inspectors
..do
Inspector
Night inspector
Night inspectors
Inspector
. each.
..do..
..do..
$700
720
600
. each.
...do..
..do..
720
1,400
1,200
.each.
1,000
.each.
1,200
. each.
720
$11, 900
1,440
3,000
800
1,440
8,400
86, 400
600
1.200
34, 000
900
Weighex''s and Ganger's department.
Chief weigher
Assistant weighers.
Clerk.
Laborers
Gauger
Assistant gauger.
Stenciler
2, 000
21,600
1,200
2,880
2, 000
1,200
900.
Naval office.
Naval officer
Deputy naval officer and clerk
Cashier and fee clerk..'.
Liquidating clerk
Clerks
do
Messenger
each..
do...
1,400
1, 200
each..
2, 500
each..
1,800
each..
do..;
1,200
1,200
3. 000
2,500
1, 80O
1,800
2. 800
2,400
720
Appraiser's department.
Appraiser
Assistant appraisers
Examiner
Examiners
Inspector of drugs
Chief clerk
Clerks
do
Messenger
Watchman
Samplers and packers
rorenian of laborers
Laborers
General appraiser
Clerk
„
;.
-.
.•
each..
900
each..
'706'
3, .500
5, 000
2,000
12,600
1,000
1, 500
2,400
2,400
700
700
12, 600
. 900
7, 000
3,000
1,400
346, 720
Total.
Collector
Deputy collector
Deputy collector and inspector.
2,000
1, 600
• 1. 000
4.600
TotalPITTSBURGH.
1 ; Collector
1 I Deputy collector .
De}>uty
and inspector
^^
• collector
"
do
:
1
1 Clerk
do
1
1 Deputy collector and iuspector
3 Deputy collectors and inspectors
1 Messenger
1
Total.
^
each..
4,000
1, 800
1.600
1.000
1, 400
1, 200
1,200
3, 000
600
15, 800
REPORT OF THE SECRETARY OF THE TREASURY.
69
S C H E D U L E ^ O . 2 . — E S T I M A T E S of E X P E N S E S of COLLECTING B E V E N L E from
C USTOMS, cJ-c—Continned."
DELAWAEE.
No.
Per
anuum.
Officers.
Total,
WILMINGTON,
Collector
Deputy collector and cashier
,
Inspector, weigher and measurer
Deputy collector and inspector
db
do
•
do
do
Boatmen
.
$3, 000
li 600
1,000
600
500
1,000
1,500
:
:
each..
Total.
9,200
MAEYLAND,
BALTIMORE,
'
Collector's office.
]
1
1
1
2
1
1
1
1
1
U
• 5
9
9
7
2
?
1
1
1
1
1
1
1
1
1
8
Collector
.
D e p u t y collector
do
D e p u t y collector a n d i n s p e c t o r
D e p u t y collectors a n d i n s p e c t o r s
D e p u t y collector a n d i n s p e c t o r
Auditor
Assistant auditor
Cashier
'
. . . ...
A ssistant cashier
Clerks
do
.
,
do
.
do
Messeufers
.
. . .
Laborers . .
Watchmen
Markers
Eireman . . .
.
....
Boatman...
do
do
.. do
Clerk a u d storekeeper . . 1
do
do
Engineer
Eireman
Laborers
,
each..
$800'
.
...
.
each..
1,800
do
• 1,600
do . .
1, 400
do . .
1,200
do
720
:.do ..
720
do . .
840
d o -.
840
. . .
..-
-..
.
eoo"
P.fl.C'.ll
$6, 000
3 000
2 500
1,200
1,600
300
2 500
I, 800
• 2 ,500
1 800
19, 800
8,000
12,600
10 800
5,040
1 440
4 200
1 680
540
540
720
480
180
1 800
1 600
1 200
1 000
4, 800
N a v a l office.
'
1
1
2
3
1
1
N a v a l officer
D e p u t y n a v a l officer
Clerks
do
Clerk
Messenger
1
each..
do ..
:
-
..
3, 000
2, 500
3, 200
4,200
1 000
'7^0
Inspectors.
2
45
1
1
20
Inspectors
do
Eemale inspector
C a p t a i n of n i g h t i n s p e c t o r s
N i g h t inspectors
1
16
1
1
2
1
1
WeigJier's a n d G a n g e r ' s d e p a r t m e n t .
Weigher
'
Assistant weighers:
W e i g h e r a n d eau£cer
Clerk
^...".
Clerks..
Messeuger
K e e p e r of scale-room
,
1
1
1
3
3
2
1
1
1,600
1, 400
- -
-
each
do
1,400
1,200
-- each..
1, 000
each..
1, 200
V-V-V-V-V-V-V-.
p.n f'.h
1, 200
2 800
54, 000
600
1 200
20, 000
2, 000
19, 200
1 300
1,400
2 400
• 720
660
Appraiser's department.
General appraiser
L o c a l a p p r a i s e r '.
Assistant appraiser
Examiners
do
Clerks
E o r e m a n of l a b o r e r s
Assistant, examiner
each..
....do...
do...
1,800
1,600
1, 600
3,000
3,000
2,500
5,400
4,800
3,200
840
1,000
70
R E P O R T OF T H E SECRETARY OF T H E TREASURY.
SCHEDULE NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, <fc.—Continued.
MAEYLAND—Continued.
Per
annum.
Officers.
No.
Total:
BAL'nMORR—Continued.
1
5
5
1
204
Appraiser's depai'tment—Con tinued.
Laborers
do
Convist
each..
do...
.-
-
..
..
Xotal
$840
720
.
$720
4,200
.3,600
900
253,680
...
DISTEICT OF COLUMBIA.
VV^ASHINGTON.
(Collector
D e p u t y collector
D e p u t y collector a n d in-spector
D e p u t y collectors a n d inspectors-.
^
I
{
!
each.. J
i
i
Total
-$1, 000
$2, 000
1,600
1,200
2, 000
6.800
VIEGINIA.
RICHMOND.
Collector
D e p u t y collector
D e p u t y collector a n d i n s p e c t o r
Inspectors
D e p u t y collectors a n d i n s p e c t o r s
Watchman
Boatman
$ 2 , OOG
. ..
each..
do...
$1, 000
600
1, 600
1,400
2, 000
1, 800
600
420
9,820
Total.
Collector
D e p u t y collector
Clerk.
.do.
.doD e p u t y coUector a n d i n s p e c t o r a t E l i z a b e t h C i t y , N . C
D e p u t y coUector a n d i n s p e c t o r
do
do
D e p u t y collectors a n d i n s p e c t o r s
Inspector
Inspectors
Night inspector
Boatmen
each.
$600
each.
1, 000
ea<;h.
""456
Total
$3, 000
1,600
1,400
1,200
900
1,400
1,200
1, 000
2,400
1,400
3,000
800
1,800
21,100
NOETH CAROLINA.
WILMINGTON.
CoUector
D e p u t y collector
D e p u t y collectors a u d i n s p e c t o r s
D e p u t y collector a n d i n s p e c t o r
D e p u t y collectors a n d i u s p e c t o r s
D e p u t y collector a n d i n s p e c t o r
D e p u t y collectors a n d i n s p e c t o r s
Clerk.
Messenger
Watchman
".
Boatmen
do
do
27 I
Total.
each..
$1, 400
each..
1,000
each..
each..
do..
do..
420
360
240
$8, 000
1,600
2,800
1,200
7,000
600
720:
1,000
600
480
840
720
1,200
21, 760
REPORT OF THE SECRETARY OF THE TREASURY.
71
SCHEDULE N O . 2—ESTIMATES of E X P E N S E S of COLLECTING BEVENUE from
CUSTOMS, ^c—Continned.
SOUTH CAEOLINA.
No.
Per
annum.
Officers.
Total.
CHARLESTON.
1
1
J
2
2
3
2
1
2
2
1
1
4
Collector
D e p u t y coUector
28
Total
..
Cle?k.........
Clerks
Inspectors
do
D e p u t y co,llectors a n d i n s p e c t o r s
D e p u t y coilector a n d i u s p e c t o r
Night inspectors
AVatchmen
M e s s e n g e r '.
Laboi'er
Boatmen
do
1...
----:
each..
do...
:...do...
do...
$]', 400
1,400
1,000
1,000
each..
do...
720
600
each..
do...
480
300
^
--
$4,000
2,000
1 600
2,800
2,800
3,000
2,000
600
1,446
1,200
730
360
1,920
1,500
25 9,50
GEOEGIA.
SAVANNAH.
]
1
1
2
3
4
1
2
.3
1
4
25
Collector
D e p u t y collector
.
.
.
.....
Clerk
Clerks
Inspectors
do
..
.
.
..
..
Night inspectors
D e p u t y collector a n d i n s p e c t o r
D e p u t y collectors a n d i n s p e c t o r s
Boatmen
Boatman
'.
. .... ...... ..
Boatmen
Total
-
each..
do...
.:..do...
•
do
each..
do...
$1, 400
1,400
1,000
720
1,000
600
- _
p.ach _ -
300
..
$4, 000
2, 000
1 600
2,800
2,800
3,000
2,880
1,400
2,000
1,806
360
1,200
25,846
ELOEIDA.
FERNANDINA.
3
9
22
Collector
.
.
D e p u t y collector
. ... . . ...
D e p u t y collectoi'S a n d i n s p e c t o r s
do
.-..do
D e p u t y coUector a n d i n s p e c t o r
.....
do
do
D e p u t y coUectors a n d i n s p e c t o r s
Boatmen
Total
KEY
Total
....-.
...each..
do...
$1, 200
1,000
each..
do...
500
300
...........
-
$2,000
1,400
2,400
4,000
900
720
1,500
2,700
15,620
-
Collector
..
.
.
..
D e p u t y collector
Clerk
do
do
' Inspector
Inspectors
Night inspector
...i.
Night inspectors
W a t c h m a n '.
D e p u t y collector a n d i n s p e c t o r
D e p u t y collectors a n d i n s p e c t o r s
Messenger
Boatmen
6
do
28
.
WEST.
....
.
.
.....
..
:
.
...........
-
.
each..
1,000
each..
720
- -
i
.--
each...
500
©ach..
do...
400
300
4,000
2,000
1,600
1,400
1,200
1,200
3,000
900
1,440
720
720
1, 506
720
1,600
1,800
23,80*
72
REPORT
OF
THE
SECRETARY
OF
THE
TREASURY.
SCHEDULE ^ O . 2 . — E S T I M A T E S of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, cfc—Continned.
ELOEIDA—Continued.
No.
Per
annum.
Officers,
Total.
PENSACOLA,
Collector
. .
D e p u t y collector
db
Clerk
D e p u t y collectors a n d i n s p e c t o r s
D e p u t y collector a n d i n s p e c t o r
Inspectors
Night inspectors
Messenger
Boatmen
25
.
. . . . . .
:
each..
$1, 000
each.
do
1,000
720
e.ach . -
480
$3, OOO
1, 600
1,200
1,000
2, 000
720
7,000
2,160
720
3,360
22 760
Total
ALABAMA.
MOBILE.
1
1
1
1
6
3
5
1
19
Collector
D e p u t y coUector a n d c l e r k
do
do
Clerk
: .
Inspectors
Night inspectors
'.
Boatmen
, ..
.
. .
Messenger
Total
;
.
.
.
.,
.
..
. ..
each..
do...
rio
.
$1, 000
720
480
•
:
$3, 000
1,800
1,600
1 400
6,000
2,160
2 400
720
19, 080
.
IkOSSISSIPPL
PASCAGOULA.
•
1
1
2
2
6
Collector
D e p u t y collector a n d i n s p e c t o r
D e p u t y coUectors a n d i n s p e c t o r s
Boatiuen
,;
each..
do..
$1,000
480
Total
$2 000
1,200
2,000
960
6,160
LOUISIANA.
NEW
ORLEANS.
Collector's office.
Collector
Deputy collector
db
Deputy collectors and inspectors
Auditor
Cashier
Clerk
Clerks
do
do
do
do
Messengers
do
Weigher
Assistant weighers
•.
Gauger
Assistant gauger
Marker
Eoreman of laborers
Laborers
Watchman
Watchmen
,
Storekeeper and cigar inspector
-each..
$1, 000
,.
,
.each.
..do.,
.-do..
..do..
..do..
..do..
...do..
1,800
1,600
1,400
1,200
1,000
720
600
.each..
1,200
.each..
600
.each.
"eoo"
;6, 000
3,000
2,500
2,000
2,500
2,500
2,000
5,400
9, 600
8,400
.0, 800
7,000
1,440
3,600
2, 000
8,400
1.800
1,200
720
1,000
6,600
800
3,000
1,200
REPORT OF THE SECRETARY OF THE TREASURY.
73
S C H E D U L E No. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continned.
LOUISIANA—Continued.
Per
annum.
Officers.
No.
Total.
N E W ORLEANS—Continued.
16
3
2
31
1
20
each
do...
do...
do
-- - each..
Boatmen
do
Inspectors
do
Captain night inspectors
N i g h t inspectors
1600
480
1,400
1, 000
1, 000
900
$9, 600
1,440'
2. 800
31, 000
1,000
18, OOO
N a v a l office.
I
1
1
3
1
N a v a l officer
D e p u t y n a v a l officer
Clerk
Clerks..:
Messenger . . . . . . . . . .
-..'
..
.....
Appraiser's
1,600
department.
Appraiser
Assistant appraiser
Examiners
.
.
Clerk
do
do
do
Openers, packers, a n d samplers
Laborers
..
Messenger
178
each..
.
3, 000
2, .500
1.800
4,801)
. 600
.
-
An,p,"h
1,800
each..
. . .
flo
720
600
3. 000
2, 500
7 200
1,600
1,400
1, 200
1,000
2,160
4, 200
600
194,860
Total
TEXAS.
BROWNSVILLE.
Collector
Deputy collector.
do.
Deputy collector and entry clerk
Clerks
Storekeeper
Deputy collectors and mounted inspectors
Deputy coUectors and inspectors
Mounted inspectors
Inspectors
Inspector.
Watchman.
$3, 000.
2,006
l,60a
1, 600.
3, 200»
1, 400'
2,400
S.OOO*
12, 0005. 000>
1.000
720.
720'
Total.
37, 640>
each.
.$1, 600
each.
do..
do..
do..
1,200
1, 000
1,200
1,000
CORPUS CHRISTI.
Collector
Deputy collector
Deputy collector and inspector.
Deputy collector and clerk
Deputy coUector and inspector,
do.
Clerks
-.
Inspector
^
Storekeeper, weigher, and gauger
Mounted inspectors
Inspectors
Boatman
Laborer
Total-
,
each.
1,200
each.
do..
1,200
1,000
3, 000^
1, 800.
1, 800
1,600
1, 4001,200
3,600
1,400
1,400
4,800
3, 000
000
420
26, 020
74
REPORT OF T H E SECRETARY OF T H E
TREASURY.
5ci:n:i>ULE No. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E froxn
CUSTOMS, ^c—Continned.
TEX AS-Continued.
No.
Per
annum.
Officers.
Total.
GALVESTON.
1
1
3
2
1
1
9
2
1
0
1
1
]
1
2
35
CoUector
D e p u t v collector
D e p u t y collectors a u d c l e r k s
do
Clerks ..
.
Clerk
Inspector
Mounted inspectors
D e p u t y collectors a n d i n s p e c t o r s
Inspectors
N i g h t inspector
N i g h t inspectors
Storekeeper
.Messenger . . .
Porter.. .
Laborer
Boatmen
,
:
each..
do...
do .
$1, 800
1,600
1,400
each..
do...
do...
1,200
1,200
1,200
each..
900
.
:
600
ftfl.ch - .
Total
$4,000
2,000
5,400
3,200
2,800
1,200
1,400
2,400
2,400
8,400
1,000
5,400
1,400
720
600
480
1,200
44,000
KL PASO.
1
1
1
2
5
Collector
D e j u i t y collector
D e p u t y collector and i u s p e c t o r
D e i i u t y collectors a n d i n s p e c t o r s
.
.
.
....
.
.
-
.1,200
each..
Tot^l.
.
.
.
.
2,000
1,600
1,400
2,400
7,400
INDI.A.NOLA.
1
1
1
1
1
5
2
12
Collector
D e p u t y collector
.
D e p u t y collector a n d i n s p e c t o r
i
db
do
Mounted inspectors
Inspectors
1,200
1,000
each..
do...
2,000
1,600
1,600
1,200
1,000
6,000
2,000
15,400
Total
AEIZONA.
TUCSON.
1
1
1
3
2
1
9
Collector
D e p u t y collector
D e p u t y collector a n d c l e r k
D e p u t y collectors a n d inspectors
do
D e p u t y colleotor a n d i n s p e c t o r .
$1, 200
1,000
each..
do ..
.
.$2, 000
1,600
1,400
3,600
2,000
720
11,320
Total
TENNESSEE.
1
MEMPHIS..
1
1
1
1
4
$2, 000
1,200
600
300
Collector
DeputycoUector
D e p u t y collector and inspector
do
4,100
Total
KENTUCKY.
IX)UISVILLE.
f
Collector
D e p u t y collector
•.
db
do
Inspector
1 ..
do
1 Messenger
7
Total
.
. . .
..
.
$3,000
1,600
1,400
1 200
1,200
1,000
600
10 000
REPORT OF T H E SECRETARY OF T H E TREASURY.
75
SCHEDULE No. 2.—ESTIMATES of E X P E N S E S of COLLECTING BEVENUE.from
C USTOMS, ^'C—Continned.
©HIO.
No.
Per
annum.
Officers.
Total.
CINCINNATI.
Collector . . . . —
Appraiser
Deputy collector
Deputy collector and clerk .
Inspector and weigher
Clerk.
Clerks
do
Inspectors
Inspector.
Messenger
Night watchman
Examiner
Opener and packer
Porter, appraiser's store
Laborer
each.
do..
do..
$1,200
1,000
1,200
'.
m
Total-
$4,000
3,000
2,000
1,600
1,400
1,400
3,600
2,000
3, 600
1,000
480
720
1,600
900
720
600
28, 620
CLEVELAND.
3.000
1, 800
Collector
.Deputy collector
Deputy coUectors
db
Clerk.
Depnty collector and inspector
Inspectors
Night watchman
Night inspector
,
Deputy collector
Deputy collectors
Deputy collector on dock
Messenger
19
each.
i
'
1,000
each.
300
Totol.
19, 845
Collector
Deputy collector .
.do.
Inspector and clerk
Deputy collector and inspector
Deputy collectors and inspectors
.do.
Messenger .
12
each.
3, 200
1,400
1,200
1, 200
4, 000
900
900
600
900
25
720
2,000
1,400
1,200
1, 000
1,000
400
200
each.
.do.
Total,
8.500
INDIANA.
INDIANAPOLIS,
Collector
Deputy coUector
do
Clerk
.
Opener and packer
5
.
.
$2, oot
1,000
809
720
600
. . . .
5,12*
Total
•
ILLINOIS.
CHICAGO,
Collector
Deputy colleotor
do
. . . . do
Deputy coUectors
Cashier. i
Auditor
Clork
'.
'
- ... .
'.
......
.
.
$360
each..
•.
•
;
1
$6,000
3,000
2,500
60d
1,800
2,560
2, 500
2. 000
76
REPORT OF T H E SECRETARY OF T H E TREASURY.
ScimDUiM^o.2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E frmn
CUSTOMS, ^'^c—Continned.
ILLINOIS—Continued.
No.
Per
annum.
Officers.
CHICAGO—Contiuued.
Clerks
do
do
..,
do
do
M e s s e n <^''ers
Messenger .
.- ....
Watchmen
Weigher
Ganger.,.
D e p u t y collector a n d n s p e c t o r
Cigar inspector
3 Inspectors
9
do
do
13
10
do
$500 e a c h d u r i n g
Laborers
Appraiser
Assistant appraiser..
Examiner
do
Clerk and examiner .
:
do
3 Openers and packers
each- do..do...
do...
do...
flo
_.
.
p.n r,h .
5
5
92
- .
$1, 800
1,600
. ,1,400
1,200
1,000
840
900
-.
each..
do...
do. .
1, 400
1, 200
1,000
p.nch. -
720
each..
900
-:
TotaL
$9. OOO
8,000
7 000
6,000
3,000
1 680
720
1,800
1. 600
1,600
1, 000
1.40O
4, 200
lu, 800
13, 000
5, OOl)
2 , SSO>
3,000
2,000
1,800
1,600
1, 200
1,000
2,700
112, 880
Total
MISSOUEI.
SAINT LOUTS.
Collector
Deputy collector
Deputy collector and clerk
Deputy coUectors aud clerks
db
Deputy collector and clerk
Deputy collectors and clerks
Deputy collector and clerk
Deputy collector and inspector
do
Clerk.
Messenger
•
Laborers
Inspector
•
Inspectors
Weigher
Appraiser
Examiners and clerks
Storekeeper
Opener and packer
:
.•
,
each.
do.
$1, 800
1,600
each.
1,200
each.
480
each.
'i,'266
.each.
j^
"
$5, OOO
2, 500
2,000
3,600
4,800
1.400
• 3,600
1,000
1, OCO
500
900
840
960
1,400
4,800
1,600
3,000
2,800
900
720
Total.
43, 320
MICHIGAN.
DETROIT.
Collector
Deputy collector
Deputy collectors and clerks
do
do
Deputy collector and clerk
Deputy coUectors and inspectors
do
do
. . . do
Deputy collector and inspector
Deputy collectors and inspectors
do
do
Inspectress
Total.
'
each.
do -.
do.
$1, 800
1,600
1,400
each.
do.
do..
do..
1,400
1, 200
1,000
900
each.
do..
do..
200
100
$4, 000
2, 000'
5, 400
3, 200
2,800
1,200
7, 000
2, 400
4,000'
25, 200
720
1, 080
400
• 400
500
500
60, 800
REPORT OF THE SECRETARY OF THE TREASURY.
77
S C H E D U L E NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, fc—Continned.
MICHIGAN—Continued.
' No.
Per
annum.
Officers.
Total.
P O R T HURON.
CoUector
ldeputy collector
Deputy collector and clerk .
.do.
Deputy collectors and clerks
each..
do
do -.
Deputy collectors and inspectors
'....do..
do
do.
,
do
do..
do
do..
Deputy collector and inspector
Deputy collectors and inspectors
each.
Deputy collectors and inspectors each during season of navigation
Deputy collector and inspector
.do.
Deputy collectors and in.spectors
each.
do
do..
Inspectress
Messenger
Watchman
$1, 400
1,200
1,400
1,200
1,000
900
600
500
240
120
Total.
$3, OOQ
1,800
1, 600'
720
2,800
4, 800
2.800
2.400
11,000
9,000
800
2, 400
3, 500
400
300
720
240
200
600
720
49,800
GRAND H A V E N ,
Collector
:
Deputy collector
—
Deputy collector and clerk
Deputy collector and inspector
Deputy collectors and inspectors
Deputy collector and inspector
Deputy collectors and inspectors
Deputy collectors and inspectors
.•
each..
500
each..
do.. -
200
150
Total.
2,000
1, 200
720
600
1,000
360
1,000
1, 050
7,930
MARQUETTE.
Collector .
Deputy collector and cashier-..
.Deputy collector and inspector,
.do.
Deputy collectors and inspectors
db
Inspectors
Total
:
:..
each.
do..
do..
240
100
1,000
;
2.000
1,200
1,200
1,000
1,200
300
2,000
8,900
WISCONSIN.
MILWAUKEE.
Collector
Deputy collector
Deputy collector and clerk.
.do.
Inspectors
:
Inspector
Opener and packer
Deputy collector and inspector
Deputy collectors and inspectors
db
Deputy collector and inspector.
each.
$1, 200
each.
do..
400
300
$3, 00§
1,800
1,600
1,200
2,400
1,000
600
600
800
600
200
13, 800
Total
MINNESOTA.
I
1
2
4
5
18
1
32
SAINT P A U L .
Collector
D e p u t y collectors a n d i n s p e c t o r s
do
do
.do
'
Dpuutv" colleetor a n d i n s n e c t o r
Total
each., .
do...
do...
do-..
-..--
$1,800
1,400
1,200
1,000
$3, 000
2, 000
3,600
5,600
6,000
18, 000
600
38, 800
78
REPORT OF T H E
SECRETARY OF T H E
TREASURY.
SCHEDULE NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING BEVENUEyrom
C USTOMS, #c.—Continued.
CALIEOENIA,
No.
Per
annum.
Officers.
Total.
SAN FRANCISCO.
Collector's offi/ie.
Collector
D e p u t y collectors
Auditor
-.
Cashier
Clerks
do
'.
:
.do.
.do.
.do.
Messengers . . . :
Watchman
S u p e r i n t e n d e n t of l a b o r e r s
Laborers
:
D e p u t y collector a n d i n s p e c t o r
D e p u t y coUectors a n d i n s p e c t o r s
Inspectors
do.
Night inspectors
Inspectress
Boatmen
Gauger.
Ganger's laborer
Weigher
Assistant weighers
do
...,„.....
Admeasurer
each.
$ 3 , OQO
each.
.do.
-do.
-do.
-do.
do.
do.
2, 000.
1,800
1,600
1,400
1,200
900
900
each.
900
....eaeh.
,. .do-.
i..do..
do..
..
each.
1,200
1,000
1.400
1,000
each.
do..
1, 400
1.200
900
-
$7. 000
12. 0003,000
3,000
10,000
30. 600
14, 40O
12,606
3, 600'
5, 400
3, 600
1, 200'
11,700
],4002, 400
4.000
75,600
30, 000
900
1,8002, 000
900
2. 000
2, 800
18,0003,400
N a v a l office.
N a v a l officer
D e p u t y n a v a l officer .
Clerks
do
Clerk
Clerk and messenger.
1
1
4
1
1
11
228
A p p r a i s e r ' s depa/rtinent.
Local appraiser
Assistant appraisers
Examiners
Clerk.
.do.
Samplers
,
Messenger —
S u p e r i n t e n d e n t of l a b o r e r s
L a b o r e r s ...^
.each,
-.do-.
1,800;
1, 600 j
each.
do..
2,500 \
2, 000 '
each.
1, 200 •'
each.
"960';
.,
:-.
"
-s
Total,
Collector
D e p u t y coUector
Insjjectors
3,000
2, 5007. 200
4.800
1, 400
1. 0003, 5005,000
12, 000
1.8001,200
4.800
900
1,200
9, 900^
321,500
:
.S.4.N DJEGO.
;
^
each.
1,000
Total.
2,000
1.400
2, 000'
5.400
WILMINGTON.
Collector
D e p u t y collector
Inspectors
,
each.
1,000
2, 0001, 400
2, 000
OEEGON.
ASTORIA;
Collector
D e p u t y collector
db
In.spectors
Boatmen
Totiil.
:
...^
;
,
each.
do..
,400 i
480 j
$.3. 0001.800
LOW)..
•J. 800
960
1.''. lOO-^
REPORT OF THE SECRETARY OF THE TREASURY.
7&
SCHEDULE No. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, 4^e.—Continued.
OEEGON—Coutinued.
Per
i annum.
Officeis.
No.
Collector
D e p u t y collector
D e p u t y collectors
.do .
Clerk.
do
Weigher
Inspectors
.do .
Opener and p a c k e r .
each.
.do.
$2, 000
1,000
each.
.do.-
1,400
900
Total
Total.
$4. 000
2. 50O'
4. 0002. 000.
1,600
1,400
l,400i
7, 000
4, 500
900
29, 30O
WASHINGTON TEREITOEY,
POUT TOWNSEND.
Collector
D e p u t y collector
D e p u t y collectors a n d c l e r k s
D e p u t y collectors a n d i n s p e c t o r s
Inspectors
Boatraen and n i g h t hispectors . . .
Watchmen
.;
;
:
each..
do...
do...
do...
$1,600
1, 200
1,200
900
$2,000
1,800
3, 200
2, 400
8,400
2, 700
720
21, 220
Totiil.
ALASKA.
rtlTKA.
Deputy collector
Deputy collectors
each..
Total
$1,400
$3, 000
1, 800
4,200
9, OOO
COLOEADO.
$1, OOO
1 1 Collector .
MISCELLANEOUS ITEMS.
For temporary employes when deemed necessflry by the Secretary of the
Treasnry, for rents, labor, stationery, and supplies for cnstom-honses,
traveling and incidental expenses in the several collection districts .. |87-2, 000 GO
For salaries and traveling expenses of special agents
100, 000 00
For detection and prevention of fraud npon the cnstoms revenne
100,000 00
For salaries and traveling expenses of additional inspectors of customs
appointed by the Secretary of the Treasnry
40,000 00
Total for miscellaneons items
1,112,000 00
80
REPORT OF THE SECRETARY OF THE TREASURY.
DRAFT OF BILL,
(Eeferred to on page XL,)
For the compensation of storekeepers of bonded warehouses, at a rate
not exceeding one thousand four hundred dollars each per annum,
night services of inspectors and other ofi&cers, special services and expenses of customs officers, traveling expenses of examiners of machinery, and compensation of merchant appraisers, there are hereby
appropriated, out of any moneys in the Treasury not otherwise appropriated, such sums as may be collected for said purposes, respectively.
And the President is herebj^ authorized and directed to so consolidate and reorganize the customs collection districts of the United States
that the number of such districts shall conform to the number hereinbefore designated and provided for. Such reorganization shall be made
to take effect on the first day of July, eighteen hundred and eightyfour.
And the President shall fix the boundaries of such reorganized districts and designate ports of entry therein, and shall also, from time to
time, designate ports in each of such districts at which deputy collectors may be stationed to receive duties and other moneys, enter and
clear vessels, and perform such other services in relation to the customs and navigation laws as he may deem necessary. And he shall
give public notice of the boundaries and designations of such reorganized customs districts. .
And the President is authorized to discontinue the services and abolish the otfices of collectors, surveyors, and appraisers of customs whose
compensation is not provided for in this act, and to designate places of
deposit for the records and files pertaining to those collection districts
which may be abolished pursuant to the provisions of this act.
The salaries hereinbefore appropriated for the compensation of collectors of customs shall be in lieu of all salaries, fees, commissions, and
storage heretofore allowed to collectors and surveyors of customs, and
all laws or parts of laws authorizing the allowance to collectors and
surveyors of customs of salaries, fees, commissions, storage, and perquisites of whatsoever name and nature are herebj^ repealed, and all
fees collectable by law shall be accounted for and paid into the Treasury as moneys belonging to the United States. And the Secretary of
the Treasury is hereby authorized to provide for the collection of such
fees by the use of stamps under such regulations as he may prescribe.
Sections twenty six hundred and forty-eight and thirty-six hundred
and. eighty-seven of the Eevised Statutes of the United States are
hereby repealed, to take effect on the first day of July, eighteen hundred and eighty-four.
REl'ORT OF THE SECRETARY OF THE TREASURY.
81
SCHEDULE No. 1.
(Eeferred to on page xxxvi.)
E S T I M A T E S of E X P E N S E S of COLLECTING the B E V E N U E from CUSTOMS for
ihe fiscal year ending June 30,1885, shoxoinq ihe N U M B E B of E M P L O Y E S and T H E I B
SALABIES in E A C H DISTBICT, as BECOMMENDED by ihe COMMISSIONEBS
on ESTIMATES for T H I S SEBVICE, for the xjear ending Jxme 30, 1884.
MAINE.
Per
diem.
Ofi&cers.
No.
Per
annum.
Total.
P O R T O F HOULTON, DISTRICT O F AROOSTOOK.
Collector
Deputy collector
Deputy collectors and inspectors
Inspectors
Deputy collector and inspector
$1, 500 00
1, 460 00
5, 475 00
54 75
1, 095 00
each.
do..
Total compensation
9. 584 75
P O R T O F BANGOR. DISTRICT O F BANGOR.
Collector '.
Deputy collector
Deputy collector aud inspector
Deputy collectors and inspectors
Inspectors
Watchman
10
,
each.,
do...
4
3
3
2
2, 000 00
1,600 00
1,460 00
3i 285 00
3, 285 00
730 00
00
00
00
00
Total compensation
12, 360 00
P O R T O F B A T H , DISTRICT O F B A T H .
CoUector
Deputy collector
Deputy collector and inspector
Weighers, gaugers, aud inspectors
Inspector
—
Deputy collector and inspector
Inspector
do
3, 000 00
1, 460 00
1, 095 00
2,190 00
730 00
803 00
346 75
255.50
4 00
each..
:
3
3
2
2
00
00
00
20
95
70
Total compensation
9, 880 25
P O R T O F B E L F A S T , DISTRICT O F B E L F A S T .
Collector
Deputy collector and inspector
:
Deputy collector-...
Deputy collector and inspector (for six months) .
Deputy collector and iuspector
db
Deputy collector
1, 200
095
095
400
292
200
109
3 00
3 00
2 20
80
55
30
Total compensation
00
00
00
40
00
75
50
4, 392 65
P O R T O F CASTINE, DISTRICT- O F CASTINE.
Collector
:
Deputy collector and inspector
Deputy collectors and inspectors
Deputy collector
3 00
each.
$600 00
Total compensation
900 00
1,095 00
1, 800 06
365 00
4,160 00
P O R T O F E L L S W O R T H , DISTRICT O F F R E N C H M A N ' S B A Y .
Collector
Deputy collector
Deputy collector and inspector . . .
Deputy collectors and iuspectors .
Deputy collector and inspector . . .
Total compensation
1 65
05
2, 000 00
1, 200 00
800 00
1, 204 50
18 25
5, 222 75
P O R T O F K E N N E B U N K , DISTRICT O F K E N N E B U N K .
Collector
Deputy collector
Total compensation.
3780 F
6
100 00
584 00
.684 00
82
REPORT
OF T H E
SECRETARY
OF T H E
TREASURY.
SCHEDULE NO. 2.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, t^-c—Continued.
MAINE—Continued.
Per
diem.
Ofiicers.
No.
P O R T OF MACHIAS, DISTRICT OF
Per
annum.
MACHIAS.
Collector
D e p u t y collector..
D e p u t y collectors-
$300 00
Total compensatiou
$1, 200 00
1, 095 00
600 00
. 00
PORT OF EASTPORT, DISTRICT' OF
1
1
1
Collector
D e p u t y collector.
•2
D e p u t y collectors
Inspectors
Cleric .
D e p u t y collector a n d i n s p e c t o r .
Inspectoi'S
D e p u t y collector
Inspectors
Watchmau
"Watchmen
.'3
1
1
3
1
2
1
3
Total.
PASSAMAQUODDY.
. each..
T o t a l coi)?pensation
4
3
3
3
2
2
2
2
2
2
3, 000
1, 800
1,460
2, 190
3, 285
1,095
912
2, 737
730
1,460
912
2,190
00
00
00
00
50
50
00
00
50
00
'
00
00
00
00
00
00
50
50
00
00
50
00
21, 772 50
P O R T OF PORTLAND, DISTRICT OF PORTLAND AND
Collector
,
Surveyor
.
Deputy surveyor.
Appraiser .
Assistaut appraiser
D e p u t y collectors
Clerk
Inspectors
W e i g h e r and gauger
AVeigher, g a u g e r , " a u d i n s p e c t o r
Marker
•"
:
T e m p o r a r y i n s p e c t o r s (for six m o n t h s )
" ' l e r 'k s .
•
C
do
Clerk and copyist
N i g h t w a t c h m e n (for six m o n t h s )
Boatmen
Messenger
Watchman
Lahorer
FALMOUTH.
3, 000 00
each.
-
each.
3 00
4 00
3 50
each.
; 00
1,200 00
1, 000 00
do.
.do.
each.
do..
3 00
2 00
Total corapensation
6, 000
4, .500
2. 500
3, 000
2, 500
6, 000
1,500
17, 520
1,460
1, 277
730
8, 760
7, 200
2, 000
900
3, 832
1,460
650
730
626
00
00
00
00
00
00
00
00
00
.50
00
00
00
00
00
50
00
00
00
00
73,146 00
P O R T OF SACO, DISTRICT OF SACO,
300 00
450 00
Collector
D e p u t y collector
750 00
Total corapensation
P O R T OF WALDOBOROUGH,
DISTRICT OF
WALDOBOROUGH,
Collector
D e p u t y collectors
D e p u t y collectors a n d i n s p e c t o r s
db
each.
do..
do..
T o t a l comxiensation
WISCASSE1\
900 00
1, 277 50
1, 095 00
730 00
Collector
D e p u t y collector a n d i u s p e c t o r .
-do .
.do .
,
P O R T OF YORK, DISTRICT OF
Collector
Total compensation.
2, 000 00
2,920 00
1, 460 00
1, 200 00
7, 580 00
P O R T O F WISCASSET, DISTRICT O F
Total compensatiou
1, 460 00
730 00
600 00
4, 002 50
YORK.
250 00
83
REPORT OF THE SECRETARY OP THE TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, ^"c—Continaed.
N E W HAMPSHIEE.
No.
Per
diem.
Officers.
Per
anuum.
Total.
PORT O F PORTSMOUTH, DISTRICT O F PORTSMOUTH,
Collector
Deputj'" collector
Deputy collector and in.spector
clb
Inspector
Inspectors
Boatman
each..
$3
3
1
4
3
$2, 000 00
1, 277 50
1,095 00
693 50
1, 460 00
3,832 50
50
00
90
00
50
400 00
Total coraiDcnsation.
10, 758 50
VEEMONT.
P O R T O F BURLINGTON, DISTRICT O F V E R M O N T .
Collector
Deputy collector
Deputy collectors aud inspectors
db
Deputy collector and iuspector
Deputy collectors and inspectors
db
.-.
Inspectors
do
do
Night watchraen
Clerk
Dep uty collectors and inspectors
Deputy collector and inspector
Clerk .
Boatman
Tally clerks
Deputy collectors and inspectors
Deputy collector and inspector
do
Deputy collectors and inspectors
Deputy collector and iuspector
Deputy collectors and inspectors
Inspector
.'...
each.
do...
each.
do...
do...
do.. do...
do...
each.
$1, 800 00
1, 600 00
3 00
4 00
600 00
2 75
2 00
each.
do...
each.
each.
240 00
1, 500 00
3 30
2 50
1 65
$5, 000 00
2, 500 00
3, 600 00
3,200 00
1, 400 00
2,774 00
12, 045 00
2, 920 00
2, 817 00
19, 710 00
1, 200 00
600 00
2, 007 50
730 00
1, 000 00
600 00
960 00
3, 000 00
1, 200 00
600 00
3, 613 50
912 50
2,409 00
600 00
75, 398 50
Total corapensation.
MASSACHUSETTS.
P O R T O F BARNSTABLE, DISTRICT O F BARNSTABLE,
Collector.
Deputy collector
Deputy collector and inspector
db
Deputy collectors and iuspectors
db
Deputy collector and inspector
Clerk :
Boatraan
each do...
$2
2
2
1
1
$2, 000 00
1, 095 00 -894 25
803 00
1, 496 50
985 50
401 50
300 00
60 00
45
20
05
35
10
Total compensation
;, 035 75
P O R T O F BOSTON, DISTRICT O F BOSTON AND CHARLESTOWN,
Collectox''a. office.
CoUector
Comptroller and priucipal clerk
Secretary and chief clerk
•.
Deputy collectors
Auditor
Cashier
Assistant cashier
Clerks
.do.
.do.
.do.
.do.
.do.
each.
.each,
.do . .
.do-..
..do...
do...
..do...
3,000 00
2. 000
1, 800
1,600
1,400
1,200
1, 000
00
00
00
00
00
00
8, 000 00
4, 000 00
2, 500 00
9, 000 00
3, 000 00
3,000 00
2, 200 00
8, 000 00
12, 600 00
20,
56,
18,
21,
800
000
000
000
00
00
00
00
84
REPORT OF T H E SECRETARY OF T H E
TREASURY.
SCB:E:T>VIM^O.1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, 4c—Continned.
MASSACHUSETTS—Continued.
No.
Per
diem.
Ofi&cers.
Per
annum.
Total,
PORT OF BOSTON, DISTRICT OF BOSTON AND CHARLESTOWN—
.
1
1
1
6
7
1
8
87
1
1
24
3
3
1
2
14
15
3
1
2
32
1
4
1
1
330
Continued,
Collector's o/^ce—Continued,
Clerk and storekeeper
Clerk and assistant storekeeper
Copyist
Messengers
— -do
Assistant to ciga.r inspector
Night watchmen
Inspectors
Inspectoress at $3 (when employed, not to exceed)
Captain of night inspectors
Night inspectors
Weighers
Assistant weighers
Granger
Assistant gaugers
'
Assistant weighers
do
Weighers' clerks
Storekeeper of port
Eoremen of laborers
Laborers
Carpenter
Eevenue boatmen
Day watchman....
Measurer of marble (when employed)
$840 00
720 00
each..
do
each..
do
each -.
do
do
each..
do . . .
do
do
each..
do . . .
each..
$2 00
4 00
4 00
3 00
2, 000 00
4 00
4 00
3 50
3 00
1, 000 00
2
2
2
3
3
00
25
25
00
50
i"000 00
428, 702 25
Total.
Naavl office.
Naval ofificer
Deputy naval oflficer
Chief clerk and acting deputy naval oflScer
Clerks
do
do
do
Clerk
20
$1, 600 00
1,200 00
600 00
5, 040 00
5,040 00
800 00
5, 840 00
127, 020 00
•201 00
1, 460 00
26. 280 00
6, 000 00
4, 380 00
2, 000 00
2, 920 00
17, 885 00
16, 425 00
3,000 00
2,000 00"
2, 000 00
23, 360 00
821 25
3, 285 00
1, 095 00
350 00
each.
do...
do...
do...
1, 800
1, 600
1, 400
1, 200
00
00
00
00
Total.
5. 000
2, 500
2, 000
7, 200
9, 600
4, 200
3, 600
1, 000
00
00
00
00
00
00
00
00
35,100 00
Surveyor's office.
Surveyor
Deputy surveyor
Chief clerk and assistant to surveyor
Clerk
Clerks
Clerk and admeasurer
Clerk
:
Messenger
do
each.
1, 400 00
...
Total.
5, 000
2, 500
2, 000
1, 600
2, 800
1,400
1, 000
840
720
00
00
00
00
00
00
00
00
00
17, 860 00
Appraiser's department.
General appraiser
Apiu'aisers
A ssistant appraisers
Clerk to general appraiser
Special exammer of drugs
Examiner
Examiners
do
Examiner
do
Clerks
Clerk
Clerks
Samplers
Assistant sampler
Openers and packers
do
,
Messengers
Total
407
Total compensation .
:.:
each.
do...
3, 000 00
2, 500 00
each.
do...
1, 800 00
1, 600 00
each.
1,600 00
each.
do...
1, 200 00
1, 200 00
840 00
900 00
840 00
840 00
each.
do...
do...
3, 000 00
6, 000 00
5, 000 00
1, 400 00
1, 000 00
2, 000 00
18, 000 00
3, 200 00
1,400 00
1, 200 00
3, 200 00
1, 400 00
2, 400 00
8,400 00
840 00
4, 500 00
4. 200 00
1, 680 00
68, 820 00
REPORT OF THE SECRETARY OF THE TREASURY.
85
SCHEDULE NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
C USTOMS, ^c—Continned.
MASSACHUSETTS—Continued.
Per
diem.
Oflacers.
No,
Per
annum.
Total,
PORT OF E D G A R T O W N , DISTRICT OF EDGARTOWN.
Collector
Deputy collector
Deputy coUector and inspector .
Inspectors
Inspector
Night watchman
Boatman
$2 20
$500 00
1 35
Total compensation.
$1, 000 00
1, 095 00
803 00
1, 000 00
492 75
500 00
500 00
5, 390 75
PORT OF FALL RIVER, DISTRICT OP FALL RIVER,
CoUector
Deputy collector and inspector .
Inspector
Boatraan
3 50
3 00
Total compensation.
1, 600 00
1, 277 50
1. 095 00
300 00
4, 272 50
PORT OF GLOUCESTER, DISTRICT OF GLOUCESTER.
Collector
Deputy collector
Inspectors
Inspector and boarding ofiB.cer
Clerk
:
Boatman
Inspector
.•
each.
3 00
3 50
1.
Total compensation.
3. 000 00
1,500 00
4, 380 00
1,277 50
1, 300 00
750 00
292 00
12.499 50
PORT OF MARBLEHEAD, DISTRICT OF MARBLEHEAD:
Collector
Deputy collectors and inspectors
each..
1 00
Total compensation.
500 00
2,190 00
2, 690 00
PORT OF NANTUCKET, DISTRICT OF NANTUCKET.
Collector
Deputy collector and inspector.
do -
1, 000 00
800 00
450 00
Total compensation.
2,250 00
PORT OF NEW BEDFORD, DISTRICT OF NEW BEDFORD,
Collector .
Deputy collector
Iuspector and boarding ofiB.cer . . .
Weigher, gauger, and inspector .
Clerk.... '
3 00
3 00
Total compensation
2,500 00
1, 800 00
1, 095 00
1, 095 00
1,000 00
7,490 00
PORT OF NEWBURYPORT, DIBTRICT OF NEWBURYPORT.
Collector
Deputy collector
Inspectors
each.
Total compensatiou
3 00
3 00
500 00
1, 095 00
2,190 00
3.785 00
PORT OF PLYMOUTH, DISTRICT OF PLYMOUTH,
Collector
Deputy collector
Inspectors
Total compensation
each.
1, 200 00
1,000 00
401 50
86
R E P O R T OF T H E SECRETARY OF T H E TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, cf-c—Continned.
MASSACHUSETTS—Continued.
No.
Per
diem.
Officers.
Per
annum.
Total.
P O R T O F SALEM, DISTRICT O F SALEM AND B E V E R L Y .
Collector
Deputy collector
Inspectors, weighers, and boarding ofi&cers
Inspector
Inspectors
each.
each.
$1, 200 00
1, 600 00
2,190 00
1. 095 00
1,934 50
$3 00
3 00
2 65
Total compensation.
8, 019 50
EHODE ISLAND.
P O R T O F BRISTOL, DISTRICT O F BRISTOL AND W A R R E N .
Collector
Deputy collector and inspector . . .
Boatman
$200 00
1. 095 00
216 00
Total compensation.-
1, 511 00
P O R T O F N E W P O R T , DISTRICT O F N E W P O R T .
Collector
Deputy collector
Inspector
'...
do
do
Inspector (when employed).
Boatraan
.'
1,000 00
1, 000 00
1, 095 00
602 25
292 00
381 00
400 00
3 00
1 65
80
3 00
Total compensation.
4, 770 25
P O R T O F P R O V I D E N C E , DISTRICT O F P R O V I D E N C E .
Collector
Depnty collectors
Inspectors
,
do
Inspector and boarding officer
Inspector
Messenger and storekeeper
Watchman
Appraiser
Clerk, sampler, and messenger
18
each.
do.
do.
2, 000 00
3
3
3
1
3
50
00
00
35
00
Total compensation.
4,000 00
6, 000 00
7, 665 00
2,190 00
1,095 00
492 75
1, 095 00
730 00
3, 000 00
1, 200 00
27, 467 75
CONNECTICUT,
•
PORT OF BRIDGEPORT, DISTRICT OF FAIRFIELD.
1
1
2
4
Collector
Deputy collector and inspector
Deputy collectors and iuspectors
. . .
-
Total coinpensation
each.
$150 66
$1, 200 00
1 200 00
300 00
2 700 00
PORT OF MIDDLETOWN, DISTRICT OF mODLETOWN.
1
1
1
1
Collector
Denutv collector
Deputy collector and inspector
Clerk * . .
Inspector
5
Total compensation
1
.-
'-
. ..,
2, 500 00
1, 400 00
803 00
600 00
500 00
5, 803 00
REPORT OF THE SECRETARY OF THE TREASURY.
87
SCHEDULE NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continned.
CONNECTICUT—Continued,
No.
Per
diera.
Officers.
Per
annum.
Total,
P O R T O F N E W H A V E N , DISTRICT O F N E W H A V E N ,
Collector
Deputy collector
.>.
Deputy collector and clerk .
Inspector and clerk
Clerk .
Weighers and gaugers
Inspectors....
Night inspector
N ight watchman and boatman
iMessenger
Dejiuty collector and inspector
each.
do..
Total compensatiou
$3 00
2 50
|$1,200 00
,
$4, 000 00
1, 600 00
1,400 00
1. 200 00
1,000 00
2,400 00
4, 380 00
912 50
400 00
500 00
200 00
17, 992 50
P O R T O F N E W LONDON, DISTRICT O F N E W LONDON,
Collector
Deputy collector
Inspectors
Inspector
3, 000 00
1,600 00
2,190 00
1, 095 00
each.
Total compensation
7, 885 00
PORT O F STONINGTON, DISTRICT O F STONINGTGN.
Collector
Deputy collector
.'
Deputy collector and iuspector
Inspector
Boatmau
500
500
300
400
144
Total compensation.
00
00
00
00.
00
1,844 00
N E W YOEK,
P O R T O F N E W YORK, DISTRICT O F N E W YORK,
Collector's office.
Collector
Assistant collectors a.nd chief clerk customs
Deputy collectors
,
db
Auditors and cashiers
Assistant auditor
Chief clerks
Clevks
ASvSistant cashier
Cbief clerks
Superiutendent custom-house
Entry clerks
Liquidating clerks
Clerks
Superintendent Castle Garden
Measurer of marble
Liquidating clerks
Clerks
do
r
do
do
do
. ...do
Inspector at Troy
Storekeeper
Engineer, custom-house
Enainoer, public stores
Assistaut engineer, custom-house
Master-mechanic
Carpenters
'
Bookbinder
Superintendent of Labor, public stores
Detective
Ushers
.•
Usher
Head porter
Watchraen
„
. each.
..do..
..do..
..do-.
each
do.
.each.
each.
do..
do..
each.
do..
do..
do..
do-.
do..
do..
:
each.
each.
each.
$12,000 00
5, 000 00
4,000 00
3, 000 00
6. 000 00
3,500 00
2, 500 00
2, 500 00
3, 000 00
3, 000 00
2, 400 00
2, 200 00
2, 200 00
2, 200 00
2, 000 00
2. 000 00
2, 000 00
2, 000 00
1, 800 00
1,600 00
1,400 00
1, 200 00
1, 000 00
1,460 00
1,400 00
],.500 00
1, 200 00
840 00
1,200 00
1, 095 00
1, 200 00
1, 600 00
1, 200 00
1, 200 00
1,000 00
1,000 00
1,130 00
$12, 000 00
10, 000 Off
32, 000 00
12, 000 00
12, 000 00
3, .500 00
15, 000 00
7, 500 00
3, 000 00
6, 000 00
2, 400 00
30, 800 00
26, 400 00
13, 200 00
2, 000 00
2, 000 00
32, 000 00
24, 000 00
30, 600 00
84, 800 00
93,800 00
117.600 00
23, 000 00
1,460 00
1,400 00
1. 500 00
1,200 00
840 OO
1,200 00
3, 285 00
1,200 00
1, 600 00
1, 200 00
2,400 00
1,000 00
1, 000 00
4, 520 00
88
R E P O R T O F T H E SECRETARY O F T H E TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, 4"c.—Continned.
NEW
YOEK-Continued.
Per
diem.
Officeis.
No.
Per
annum.
Total.
PORT OF N E W YORK, DISTRICT OF N E W YORK—Continued.
Watchraen
do
Porters
Eiremen
Messengers
do
do
Scrubber
Scrubbers
Collector's office—Continued.
,
Appraiser's department.
1 Appraiser
1 Assistant a.ppraiser
do
1
6 Deputy a.ppraisers
1 Chief clerk
22 Exaininers
1 Clerk .
12 Examiners
do
20
2 Clerks
14 Examiners
12 Clerks.
do
15
do
,
15
30 Samplers
105 Opener.ei and packers
15 Messengers
Geueral appraiser.
Chief clerk
1 clerk
do
do
Clerks
Opener and packer
each.
each.
each.
do..
do..
do .
do..
do..
do -.
do..
do..
do..
$1, 000 00
'., 095 00
720 00
720 00
840 00
720 00
500 00
540 00
360 00
$2, 000 00
30,660 00
8. 6=10 00
2,160 00
33,600 00
7, 200 00
1, 000 00
540 00
720 00
8, 000 00
4, 000 00
3, 500 00
3, 000 00
2, 500 00
2, 500 00
2, 200 00
2, 200 00
2, 000 00
1, 800 00
1,800 00
1, 600 00
1, 400 00
1,200 00
1,200 00
939 00
840 00
8, 000 00
4, 000 00
3, 500 00
18, 000 00
2, 500 00
55, 000 00
2,200 00
26,400 00
40, 000 00
3, 600 00
25, 200 00
19,200 00
21, 000 00
18. 000 00
36, 000 00
98, 595 00
12, 600 00
4, 000 00
2, 500 00
2, 000 00
1, 800 00
1, 600 00
1, 200 00
929 00
720 00
4, 000 00
2, 500 00
2, 000 00
1, 800 00
1,600 00
4,800 00
929 00
720 00
8,000 00
3, 000 00
2, 800 00
2, 800 00
2, 200 00
2. 000 00
1, 800 00
1, 600 00
1,400 00
1, 200 00
1, 000 00
840 00
500 00
8, 000 00
3, 000 00
5, 600 00
2, 800 00
4, 400 00
42, 000 00
9, 000 00
28, 800 00
15, 400 00
16,800 00
3, 000 00
3, 360 00
500 00
8, 000 00
5, 000 00
3,000 00
2, 500 00
2, 000 00
1, 800 00
1, 600 00
1, 400 00
1, 200 00
1, 600 00
1,460 00
840 00
720 00
360 00
8,000 00
5, 000 00
3, 000 00
5, 000 00
2, 000 00
5, 400 00
9, 600 00
8,400 00
6, 000 00
1, 600 00
8. 760 00
1, 680 00
4,320 00
360 00
1,460 00
1, 095 00
1, 095 00
1, 095 00
250 00
1, 000 00
900 00
465, 740 00
16, 425 00
134, 685 00
7, 665 00
1, 000 00
1, 000 00
900 00
General appraisers.
;
Naval office.
Naval officer
Assistant naval officer
Deputy naval officers
Auditor
Clerks
.do.
.do.
.do.do.
.do .
Two cleiks and one firemau
Messengers
Messenger
Surveyor's office.
1 Surveyor
1 Assistaut surveyor
1 Deputy surveyor
2 Deputy surveyors
1 Chief clerk, weigher's bureau
3 Clerks
'.
6
do
6
do
5
do
1 Chief measurer of vessels
. 6 Measurers of vessels
2 Messengers
6
do
1 Scrubber
.,
Barge office.
319 Inspectors
15 Debenture officers
123 Night inspectors
7 Inspectresses
4 Coast inspectors
1 Telegraph operator
1 Janitor
1
1
2
1
2
21
5
18
11
14
3
4
1
each..
do. 1.
do...
do...
do..
do...
do..
each.
each.
,
each.
.do.
.do.
.do.
.do.
.do.
do.
do.
each.
each.
do..
do.:
do..
each.
do..
do..
each.
do..
do..
do..
do..
REPORT OF THE SECRETARY OF THE TREASURY.
89
S C H E D U L E NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #-c.—Continned.
N E W YOEK—Continued.
No.
Per
diem.
Officers.
Per
annum.
Total.
PORT OF N E W YORK, DISTRICT OF N E W YORK—Continued.
Weighers and gaugers.
Weighers
Weighers' foremen
Weighers' chief clerks
do
Assistant weighers
'
do
Gauger
Gaugers
Foreman
Assistaut gaugers
do
Clerks
Gangers' laborers
1,499
each.
do..
do..
do..
do..
do..
52, 500 00
1, 400 00
1,200 00
1, 000 00
1, 252 00
939 00
2, 500 00
2, 200 00
1, 400 00
1, 252 00
939 00
900 00
782 50
each.
each.
do..
do..
do..
Total coiuj)ensation
$10, 000 00
7, 000 00
4, 800 00
10, 000 00
62, 600 00
28,170 00
2, 500 00
4, 400 00
1, 400 OO
7, 512 00
4,695 00
2, 700 00
21,127 50
2,124,178 50
PORT OF ALBANY,
Surveyor .
Deputy surveyor and. inspector
^
Inspectors
.....'
i
5, 000 00
1, 460 00
4,380 00
each..
Total comj)ensation.
10, 840 00
P O R T O F C A P E VINCENT, DISTRICT O F CAPE VINCENT.
Collector
Deputy collector
'
db
Deiiuty collectors
Deputy collectors and inspectors
Inspectors (when employed)
do
do
..:
In.spector (when employed)
Inspectors
-.
each
do.
do...
do..
: each..
3
1
3
3
3
3
2, 000 00
1, 500 00
1, 200 00
2,190 00
2,737 50
1,080 00
360 00
. 918 00
2,190 00
00
25
00
00
00
00
Total compensation.
14,175 50
P O R T O F BUFFALO,, DISTRICT O F B U F F A L O C R E E K .
Collector '.
Deputy collector
Appraiser ..
Deputy collectors and inspectors
db
Deputy collector aud inspector...,
Deputy collector
Deputy collector (when employed)
Clerk
Clerks
Cashier
...•
Inspectors . . :
do
Inspectors (during navigation)
Inspectors
'.
Messenger
•
do Opener and packer
Deputy collector and clerk.•.
Inspector
.each.
do..
5, 000 00
2, 500 00
3, 000 00
2, 920 00
2,190 00
1, 277 50
1,200 00
825 00
1, 600 00
4, 200 00
1, 400 00
5,110 00
16.425 00
1, 650 00
3, 285 00
800 00
500 00
900 00
1, 200 00
912 50
4 00
3 00
3 50
:
:
each.
each.
do..
do..
do. .
3
3
3
3
50
00
00
00
Total compensation.
56, 895 00
P O R T O F PLATTSBURGH, DISTRICT O F CHAMPLAIN.
CoUector
Deputy collector and inspector
Deputy collector aud clerk
Deputy collector aud inspector
Deputy collectors, inspectors, and clerks
do
Deputy collector and inspector
Deputy collectors and inspectors (when employed)
Deputy collectors and inspectors
Deputy collector and inspector
27
Total compensation.
4 00
4 00
each..
do...
each..
do...
1, 200 00
2
3
2
2
1
45
00
45
20
65
3, 000 00
1, 800 00
1, 460 00
1,460 00
2,400 00
8, 048 25
1, 095 00
1.120 00
6,424 00
602 25
27, 409 50
90
REPORT
OF T H E
SECRETARY
OF T H E
TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, ^-c—Continned.
NEW
No.
YOEK-Continued.
Per
diem.
Officers.
P O R T OF D U N K I R K ,
DISTRICT O F
Per
annum.
DUNKIRK,
$1, 000 00
1,460 00
1, 095 00
Collector
,
D e p u t y collector a n d i n s p e c t o r .
Inspector
Total compensation
..
P O R T OF G R E E N P O R T ,
DISTRICT O F SAG
3, 555 00
HARBOR.
500 00
182 50
Surveyor
Deputy surveyor.
682 50
Total compensation
P O R T OF ROCHESTER,
DISTRICT O F
GENESEE.
Collector
D e p u t y collector a n d c l e r k
:
db
*.
D e p u t y collectors a n d c l e r k s
each..
.Deputy collector a n d c l e r k
D e p u t y collector a n d i n s p e c t o r
Inspectors
each..
D e p u t y collector a n d c l e r k
db
D e p u t y collectors a u d i n s p e c t o r s ( w h e u e m p l o y e d ) , 275 d a y s .
I n s p e c t o r s ( w h e n employed), 275 d a y s
Laborer
'
85
$1, 200 00
3 00
3 00
3 00
4, 000
2, 500
1, 800
1, 500
2, 800
18, 666
1, 200
3, 660
2, 928
2, 928
4, 380
1, 464
488
600
: 00
3
4
4
3
3
2
00
00
00
00
00
00
Total corapensation .
DISTRICT OF
OSWEGATCHIE,
each.
do -.
.do
.do
do..
'.
„...
1, 200 00
3
2
3
1
00
20
00
65
70
4 00
Total compensation
P O R T OF OSWEGO, DISTRICT O F
3, 000
1, 600
1, 500
3, 600
2,190
1, 606
8, 700
1. 806
255
1,460
00
00
00
00
00
00
00
75
50
00
25, 778 25
OSWEGO.
Collector
D e p u t y collector
D e p u t y collector a n d c a s h i e r
D e p u t y collectors a n d c l e r k s
D e p u t y collector
D e p u t y collectors
D e p u t y collectors ( w h e n e m p l o y e d ) , 280 d a y s
D e p u t y collector a n d i n s p e c t o r
db
00
00
00
00
00
00
00
00
00
00
00
00
00
00
48, 914 00
PORT OF OGDENSBURGH,
Total compensation
00
00
25
00
00
00
00
00
00
00
00
00
NIAGARA,
Collector
D e p u t y collector
D e p u t y collector, clerk, a n d i n s p e c t o r
D e p u t y collector a n d c l e r k
D e p u t y coll e c t o r s a n d c l e r k s
each..
D e p u t y collectors a u d i n s p e c t o r s
do...
D e p u t y collector a u d in.spector.
D e p u t y collectors a n d i n s p e c t o r s ( w h e n e m p l o y e d ) , 244 d a y s . .
Inspectors
each..
I n s p e c t o r s ( w h e n eraployed), 244 d a y s
do...
Inspectors
'.
do...
I n s p e c t o r s ( w h e n employed), 244 d a y s
do...
Inspector (when employed)
Messenger
.'
Collector
D e p u t y collector
db . .
D e p u t y collectors
db
.do.
Inspectors
D e p u t y collectors
Eemale inspector
Inspector
3, 000
2. 000
1, 405
2,400
1,095
. 1, 095
2,190
1, 500
1, 000
2, 475
9,075
180
27, 415 25
Total compensation
P O R T OF SUSPENSION BRIDGE, DISTRIC'J' O F
42
Total,
each.
:..
each.
do..
1,400 00
1, 000 00
3 00
2 20
3, 000
1, 800
1,600
2, 800
1, 200
2, 000
15,120
803
1, 095
00
00
00
00
00
00
00
00
00
29,418 00
91
REPORT OF THE SECRETARY OF THE TREASURY.
SCHEDULE NO. 1.—ESTIMATES of .EXPENSES of COLLECTING B E V E N U E from
CUSTOMS, #c—Continned.
N E W YOEK-Continued.
No.
Per
diem.
Officers.
Per
annum.
Total.
P O R T O F P A T C H O G U E , DISTRICT O F N E W YORK,
1
Surveyor
1
Surveyor
$200 00
.......
P O R T O F J E F F E R S O N , DISTRICT O F N E W YORK.
200 00
P O R T O F SAG HARBOR, DISTRICT O F SAG H A R B O R .
1
1
2
Collector
Deputy coUector
.500 00
300 00
..
800 00
Total corapensation
NEW JEESEY.
•
P O R T O F TUCKERTON, DISTRICT O F L I T T L E E G G HARBOR.
1
1
1
3
1
1
1
3
Collector
Deputy collector
Inspector .
....
.
$500 00
600 00
730 00
$2 00
.
1,830 00
Total compensation
P O R T O F N E W A R K , DISTRICT O F N E W A R K .
Collector
Denutv collector
Inspector
1. 200 00
1,400 00
1,277 50
3 .50
3, 877 50
Total compensation
•
P O R T O F BRIDGETON, DISTRICT O F BRIDGETON-
1
Collector
1
CoUector
900 00
P O R T O P LAMBERTON, D I S T l i l C T O P BURLINGTON.
200 00
. . ..
P O R T O F SOMERS POINT, DISTRICT O F GREAT EGG HARBOR.
1
1
1
3
Collector
Inspector aud boatman
T
500 00
600 00
730 00
2 00
1,830 00
Tot.al compensation
P O R T O F P E R T H AMBOY, DISTRICT O F P E R T H AMBOY.
1
1
1
2
1
1
1
8
Collector
- .
. . .
Deputy collector .
....
Inspector and boarding officer
Coa.st in.spectors
Inspector
Boatman
each .
Clerk
3 00
•
$720 00
3 000 00
1 200 00
1, 095 00
1,440 00
300 00
-.540 00
720 00
8, 295 00
Total compensation
PENNSYLVANIA.
PORT OF ERIE, DISTRICT OF ERIE.
Collector
Deputy collector
Deputy collector and inspector
Inspector (when employed for 244 days)
$3 00
3 00
Total compensation
$2, 000 00
1,600 00
1, 095 00
732 00
.5,427 00
PORT OF PITTSBURGH, DISTRICT OF NEW ORLEANS, LA.
Surveyor
Deputy surveyor
Clerks'
.'
Inspector and acting appraiser
Inspector
Inspector and clerk
Inspectors
Total compensation.
each..
4 00
3 00
each..
5,000 00
2. 000 00
2, 400 00
1,460 00
1, 095 00
1, 200 00
2,190 00
600 00
15, 945 00
92
R E P O R T O F T H E SECRETARY OF T H E TREASURY.
SCHEDULE N O . 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
C USTOMS, #0.—Continued.
PENNSYL VANIA—Continued.
Per
diem.
Officers.
No.
Per
annum.
Total.
PORT OF PHILADELPHIA, DISTRICT OF PHILADELPHIA.
Collector's office.
Collector —
Deputy coUectors
Assistant coUector, at Camden, N. J
Auditor
Cashier
^
Assistant cashier
Clerks
do
do
i
do
:
do
Messengers
,
Watchmen
Superintendent warehouses
!;
Clerk and cigar inspector
Eoremen public stores
Night watchmen
i
Carpenter
^
j
Day AVatchmen
-i
Marker
:
'
Laborers
Bargemen
Inspectors
do
,
J
Inspector
;
Night inspector '.
Night inspectors
Inspectress
;.
Night inspector —
each.
$3,000 00
each.
do...
do...
do...
do...
do...
do...
$2 50
each.
do...
2 50
2 50
2, 000 00
1,800 00
1,600 00
1,400 00
1, 200 00
720 00
:
each.
each.
do...
do...
do...
.each.
700 00
720 00
4 00
3 50
3
3
3
2
50
00
00
50
$8, 000 00
6, 000 00
1, 500 00
2, 500 00
2, 500 00
2, 000 00
4, 000 00
9, 000 00
20. 800 00
12, 600 00
6, 000 00
2,160 00
1,825 00
2, 000 00
1, 400 00
1, 825 00
1, 825 00
800 00
1,440 00
720 00
11, 900 00
1, 440 00
8, 760 00
91, 980 00
600 00
1, 277 50
40, 515 00
1, 095 00
912 50
Weigher's and ganger's department.
Chief weigher
Assistant weighers
Clerk .
Laborers
Gauger
Assistant gauger
Stenciler
1
:
each.
each.
do.
1, 400 00
1, 200 00
each.
2, 500 00
each.
. each.
-do...
.each.
1, 300 00
1,200 00
900 00
each.
'76600
each.
1,400 00
Surveyor's office.
"
Total compensation .
2 50
2 50
Appraiser's department.
Appraiser
^
Assistant appraisers
Examiner ...."
Examiuers
Inspector of drugs
i
Chief clerk.
Clerks
do
Messenger
:
AVatchman
Samplers and packers
Foreman of laborers
•
Laborers
General appraiser
Clerk
1
283
1,100 00
;.
Naval office.
Naval officer
,
Deputy naval officer and clerk
Cashier and fee clerk
Liquidating clerk
:
Clerks
do
Messenger '.
Surveyor
Deputy surveyor
Clerks
Clerk
Messenger
do-
each.
2, 000 00
19, 800 00
1, 200 00
3. 650 00
2, 000 00
1, 200 00
912 50
5, 000 00
2, 500 00
1, 800 00
1, 800 00
2, 800 00
2, 400 00
720 00
3, 000 00
5, 000 00
2, 000 00
11, 900 00
1, 000 00
1, 500 00
2, 600 00
2,400 00
700 00
700 00
12, 600 00
900 00
7, 000 00
3, 000 00
1, 400 00
5, 000 00
2, 500 00
2, 800 00
1, 200 00
840 00
720 00
363, 917 50
R E P O R T OF T H E SECRETARY
OF T H E
93
TREASURY.
Sci-IEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
C USTOMS, c^^c—Continued.
DELAWAEE.
No.
Per
diem.
Officers.
per
annum.
Total.
P O R T O F WILMINGTON, DISTRICT O F D E L A W A R E .
CoUector
Deputy collector and cashier
Inspector, weigher, and measurer
Deputy collector and inspector
db
do
Boatmen
$2 75
1 65
each.
2 75
$500 00
300 00
Total compensation
$2, 000 00
1. 600 00
1, 003 75
602 25 .
500 00
1, 003 75
1,500 00
8, 209 75
MAEYLAND.
P O R T O F BALTIMORE, DISTRICT O F B A L T I M O R E .
Collector's office.
Collector
Deputy collectors
Deputy collector
Auditor
Assistant auditor
Cashier '.
Assistant cashier.
Clerks
do
do
do
Messengers
Laborers
Captain of the watch
Watchraen
Markers
Eireman
Boatman
do
do
Clerk and storekeeper
do
Engineer
•
Eireman
Porters
Laborers
'.
:
'.
—
:
each.
$3, 000 00
each.
do..
do..
do..
do..
do..
1, 800 00
1,600 00
1, 400 00
1, 200 00
720 00
720 00
each.
do..
840 00
840 00
each..
do..
820 00
720 00
each.
do. .
1, 600 00
1,400 00
$7, 000 00
6, 000 00
800 00
2, 500 00
1, 800 00
2, 500 00
1, 800 00
18, 000 00
8, 000 00
12. 600 00
9, 600 00
4, 320 00
1, 440 00
1, 000 00
3, 360 00
1, 680 00
540 00
.540 00
720 00
480 00
1,800 00
1,600 00
1,200 00
1, 095 00
3, 280 00
2, 880 00
Naval office.
Naval officer
Deputy naval officer
Clerks
do
Clerk
Messenger
:
•.,
5, 000 00
2, 500 00
3, 200 00
4, 200 00
1, 000 00
720 00
Inspectors.
Inspectors
do
Eemale examiner -'.
Captain of night inspectors
Lieutenant oi night inspectors
Night inspectors
each..
do-
each
$4 00
3 50
2,920 00
57, 487 50
600 00
1,277 50
1,095 00
38, 325 00
3 50
3 00
3 00
Weighers and gangers' department.
Weigher
Assistant weighers
Weigher and gauger
Clerk.
Clerks
Messenger -.
Keeper of scale room
each.
1, 200 00
each.
1, 200 00
2, 000 00
19, 200 00
1,300 00
1,400 00
2,400 00
720 00
660 00
94
REPORT OF T H E SECRETARY OF T H E TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U M J from
COSTpMS, ^''•c—Continued.
MARYLAND-Continued,
Per
diem.
Officers,
No.
Per
annura.
Total,
P O R T OF BALTIMORE, DISTRICT OF BALTIMORE—continued,
A^rpraiser's d e p a r t m e n t .
General appraiser
Local appraisers
Examiners
. . do . .^
Clerks
E o r e i n a n of l a b o r e r s
A s s i s t a u t e-vaminer
Messenger
Laborers
do
Copyist
each.
do.
do -.
do..
L
\
j
L
j
J
$3, 000
1, 800
1, 600
1, 600
00
00
00
00
840 00
720 00
each.
do..
$3,
6.
5,
4,
3,
000
000
400
800
200
840
1, 000
720
4, 200
3, 600
900
00
00
00
00
00
00
00
00
00
00
00
4,
2,
1,
1,
00
00
00
00
00
Surveyor's office.
Surveyor
Deputy surveyor
C l e r k '.•
.:-...do
Messenger
Total compensation.
500
500
800
200
720
286, 920 00
P O R T O F A N N A P O L I S . DISTRICT O F ANNAPOLIS.
Collector
i.
D e i r u t y collector .and i n s p e c t o r . . L.
. . db
I.
Boatman
L.
$3 00
1 00
Total compensation.
500
1, 095
365
180
00
00
00
00
2,140 00
P O R T O F C R I S F I E L D , DISTRICT O F E A S T E R N MARYLAND.
2, 000 00
1, 095 00
Collector
D e p u t y collector a n d i n s p e c t o r .
Total compensation-
3, 095 00
DISTEICT OF COLUMBIA,
1
P O R T O P GEORGETOWN, DISTRICT O F G E O R G E T O W N ,
]
1
1
I
A
Collector
i
Deputy collector
.
1
Deputv collector and inspector . -|
Insnector
....
i
^
1
Total compensation
|
1
$3 00
3 00
$2, 000 00
1 600 00
1,095 00
1 095 00
5, 790 00
VIEGINIA.
P O R T O F A L E X A N D R I A , DISTRICT O F A L E X A N D R I A .
Collector
D e p u t y collectorInspector
$3 00
Total corapensation.
$500 00
1, 200 00
1, 095 00
2, 795 00
P O R T O F CHERRYSTONE, DISTRICT O F C H E R R Y S T O N E .
Collector
.'
•..
D e p u t y coUector
D e p u t y collector a n d i n s p e c t o r .
Total corapensation
3 00
1 50
900 00
1, 095 00
547 50
2, 542 50
95
REPORT OF THE SECRETARY OF THE TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING
CUSTOMS, #c.—Continued.
BEVENUE,from
VIEGINIA—Continued.
No.
Per
diem.
Officers.
P O R T OF NORFOLK,
DISTRICT O F N O R F O L K AND
Collector
D e p u t y collector
Cashier and entry clerk
Marine clerk
'.
Clerk
,
Clerk and inspector
Inspectors
I n s p e c t o r a n d b o a r d i n g officer
Boatmen
Watchman
each.
'
$3 00
3 00
4 00
$450 00
each.
$3, 000
1, 600
1, 300
1,300
900
1, 095
• 2,190
1,460
900
900
00
00
00
00
00
00
00
00
00
00
14, 645 00
DISTRICT OF
PETERSBURG,
Collector
D e p u t y collector
D e p u t y collector a n d i n s p e c t o r .
3 00
T o t a l corapensation\
300 00
1, 200 00
1, 095 00
2, 595 00
P O R T OF RICHMOND, DISTRICT OF
RICHMOND,
Collector
Deput.y collector
D e p u t y collector a u d i n s p e c t o r
Clerk and inspector
Inspectors
Watchman
Boatman
Watchmau
3 00
each..
'3'66
Total compensation
P O R T OF TAPPAHANNOCK,
Total,
PORTSMOUTH,
Total compensation
PORT OF P E T E R S B U R G ,
Per
annum.
2, 000
1, 600
1, 095
1, 300
2,190
600
420
400
00
00
00
00
00
00
00
00
9, 605 00
DISTRICT OF
TAPPAHANNOCK,
Collector
D e p u t y collector a n d i n s p e c t o r .
500 00
600 00
T o t a l comxiensation
1.100 00
P O R T OF N E W P O R T N E W S , DISTRICT OF
Collector
D e p u t y collector a n d i n s p e c t o r
Inspector
do
B o a r d i n g officer
Boatmau
do
YORKTOWN,
:
$35 p e r m o n t h . .
$25 p e r m o n t h . .
3 00
2 50
4 00
Total compensation.
.500 00
1, 200 00
1, 095 00
912 50
1, 460 00
420 00
300 00
5, 887 50
WEST VIEGINIA.
PORT O F
1
\
2
WHEELING.
Surveyor
Clerk
$1, 000 00
500 00
Total oompensation
1 500 00
NOETH CAEOLINA.
P O R T OF EDENTON, DISTRICT OF
Collector
D e p u t y collector a n d i n s p e c t o r .
D e p u t y collector
Total compensation.
ALBEMARLE,
$4 00
$1, 200 00
1,460 00
600 00
3, 260 00
96
REPORT
OF T H E
SECRETARY
OF T H E
TREASURY.
SCHEDULE NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, ^''•c.—Continued.
NOETH
CAEOLINA—Continued,
Per
diem.
Officers.
No,
P O R T OF B E A U F O R T , DISTRICT OF
1
2
1
4
Collector
D e p u t y collectors
Boatman
...
each
.
Total.
BEAUFORT,
.
Total compensation
Per
annum.
.
$480 00
..
$1, 000 00
960 00
240 00
2, 200 00
P O R T O F N E W BERNE, DISTRICT O F PAMLICO.
1
1
1
2
4
1
10
Collector
.
D e p u t y collector
. db
D e p u t y collectors
Boatmen
Messenger
.each..
..do...
,
Total comuensation
5, 283 50
POUT OF WILMINGTON, DISTRICT O F
1
1
1
1
2
5
1
1
2
2
17
365 00
120 00
.
Collector
D e p u t y collector
db
Clerk
Inspectors
do
Messenger
W^atchmau
.
Boatmen
do
1. 800 00
1 000 00
793 50
730 00
480 00
480 00
.
WILMINGTON.
....
.....
....
.each..
..do...
-
$4 00
3 00
..
. each..
..do...
.--..
Total corapensation
.•
420 00
360 00
..
3, 000
1, 800
1,600
1 000
2, 920
5, 475
600
480
840
720
00
00
00
00
00
00
00
00
00
00
18,435 00
SOUTH CAEOLINA.
Pf>RT O F BEAUFORT,
1
2
3
i
7
DISTRICT
each..
do...
Total compensation
•-
P O R T OF CHARLESTON, DISTRICT
1
1
3
•}
1
3
2
2
4
1
1
2
22
Collector
D e p u t y collector
Clerks
I n s p e c t o r a n d b o a r d i n g officer
do
I n s p e c t o r s a n d b o a r d i n g officers
Night inspectors
Watchmen
Boatmen
Messenger
Laborer
N i g h t i n s p e c t o r s (for six m o n t h s )
4
.
each.do . .
do...
do -
1,500 00
4
4
3
2
00
00
00
00
600 00
480 00
each..
360 00
.•
00
00
00
00
4. 000
2, 000
4, 500
1, 460
1,460
3 285
. 1, 460
1,200
1. 920
730
360
720
00
00
00
00
00
00
00
00
00
00
00
00
23 095 00
O F GEORGETOWN.
,
$3, 000
2,190
900
240
6, 330 00
....
Collector
D e p u t y collector
Boatmen
$300 00
OF CHARLESTON,
,
Total corapensation
Total compensation
$3 00
each..
P O R T OF GEORGETOWN, DISTRICT
1
1
2
OF BEAUFORT.
CoUector
D e p u t y coUectors a n d i n s p e c t o r s
Boatmen
Boatman
.
each..
300 00
500 00
600 00
600 00
1 700 0 0
97
REPORT OF THE SECRETARY OF THE TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, ^^c—Continned.
GEOEGIA.
No.-
Per
diem.
Officers,
Per
annum.
Total.
P O R T O F ATLANTA.
1
1
$1, 000 00
Total coranensation
.. ....
. .....
1, 000 00
P O R T O F B R U N S W I C K , DISTRICT O F B R U N S W I C K .
1
3
1
1
4
Collector
' '.
D e p u t y collectors a n d i n s p e c t o r s
do
.
.each..
Boatmen
.each..
$3 00
4 00
$300 00
10
3,000
3, 285
1,460
600
1,200
00
00
00
00
00
9, 545 00
P O R T O F SAINT MARY'S, DISTRICT O F SAINT M A R Y ' S .
1
1
1
Collector
D e n u t v collector
Boatman
.
.....
600 00
900 00
300 00
. ,..
3
1 800 00
•
P O R T O F SAVANNAH, DISTRICT O F SAVANNAH.
1
1
3
2
3
4
3
1
Collector
..
each..
..do...
.-do-..
. do...
do
C le r k s
Inspectors
do
Night inspectors
Boatmen
do
1, 500 00
4 00
3 00
2 00
600 00
4, 000
2, 000
4, 500
2,920
3, 285
2,920
1,800
360
00
00
00
00
00
00
00
00
21, 785 00
18
ELOEIDA.
PORT OF APALACHICOLA, DISTRICT OF APALACHICOLA.
Collector
Deputy collector and inspector .
$800 00
1, 095 00
$3 00
Total compensation.
1,895 00
PORT OF FERNANDINA, DISTRICT OF FERNANDINA.
Collector
Deputy collector and inspector
do
Inspector
Boatmen
4 00
00
$300 00
each.
Total oompensation.
1.800
1,460
720
1, 095
600
00
00
00
00
00
5. 675 00
PORT OF KEY WEST, DISTRICT OF KEY WEST,
Collector
Deputy coUector
Deputy collector and inspector
Deputy collectors and inspectors
Deputy collector aud clerk
Clerks
Clerk .
Chief inspector
Inspectors
Chief night inspector
Night iuspectors
Watchman
Messenger
Boatmen
,
do
30
Total compensation
3780 F
7
n
each.
547 50
i'soo'oo
each.
each.
each.
r
each.
do...
3
3
2
2
2
50
00
50
00
00
400 00
300 00
4, 000 00
2,100 00
730 00
1,642 50
1,300 00
2,600 00
1,200 00
1, 277 50
3, 285 00
912 50
2,190 00
730 00
730 00
1,600 00
1, 800 00
26, 097 50
98
R E P O R T O F T H E SECRETARY OF T H E TREASURY.
S C H E D U L E No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, cT^c—Continned.
E L O E I D A - Continued.
Per
diem.
Officers.
No.
Per
annum.
Total.
P O R T O F PENSACOLA, DISTRICT O F P E N S A C O L A .
Collector
Deputy collector
Deputy collector and clerk
Deputy coUector and inspector
Clerk
Inspectors
Boatmen
'.
Night watchmen
1
Messenger
23
$3 00
each.. "3*36
do...
"'2'66
do
$480 00
Total compensation
$3, 000 00
1, 600 00
1, 200 00
1, 095 00
1, 000 00
7. 665 00
3. 360 00
2,190 00
600 00
21,710 00
P O R T O F SAINT AUGUSTINE, DISTRICT O P SAINT A U G U S T I N E .
C ollector
Deputy collectors
Boatmen
,
do
500
960
480
240
480 00
240 00
120 00
each.
do..
do..
Total compensation
00
00
00
00
2,180 00
P O R T O F J A C K S O N V I L L E , DISTRICT O F SAINT J O H N ' S .
Collector
Deputy collectors and inspectors
Deputy collector
Boatman
Messenger
1, 200
2,190
500
240
300
each.
,
Total corapensation
00
00
00
00
00
4, 430 00
—
P O R T O F CEDAR K E Y S , DISTRICT O F SAINT M A R K ' S .
CoUector
Deputy collector and inspector
do
Inspectors
Boatmen
each.,
do...
1,
1,
1,
3,
4 00
3 00
3 00
480 00
Total compensation.
200 00
460 00
095 00
285 00
960 00
8, 000 00
ALABAMA.
Collector
Deputy collector and clerk.
do
:...
Clerk .
Iu.specfcor and acting aiDpraiser
Insuectors
Niglit in.spectors
Boatmen
M essenger
20
•.
Total compensation.
each.
do..
do..
$4 00
3 00
2 00
480 00
$3,000 00
1, 800 00
1, 600 00
1, 400 00
1, 460 00
6, 570 00
2,190 00
2, 400 00
730 00
21,150 00
MISSISSIPPI.
P O R T O F NATCHEZ, DISTRICT O F N A T C H E Z .
Collector
Total compensation
$500 00
$500 00
99
R E P O R T O F T H E SECRETARY OF T H E TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continued.
MISSISSIPPI—Continued.
Per
diem.
Officers.
No.
Per annum.
Total,
PORT OF SHlELDSBOROUGH, DISTRICT OF PEARL RIVER,
1
1
2
1
2
7
CoUector
Deputy collector and inspector . ._
Deputy coUectors and inspectors
Inspector
Boatraen
each..
each..
$3 00
3 00
$480 00
Total compensation
$1, 200 00
1,200 00
2,190 00
1, 095 00
960 00
6, 645 00
PORT OF VICKSBURG, DISTRICT OF VICKSBURG.
1
1
2
Collector
Deputy collector
500 00
300 00
Total compensation '.
800 00
LOUISIANA.
PORT OF NEW ORLEANS, DISTRICT OF NEW ORLEANS.
Collector's office.
Collector
Deputy collector.
Clerk :
.do .
A ssistant corresponding clerk
Messenger and clerk
Messeugers
Auditor
Assistaut auditor
Bookkeeper
Assistant bookkeeper
Assistant liquidator
Impost clerk
Assistant impost clerk
Statistical clerk
Assistaiit statistical clerk
Messenger
Deputy collector
do
Cashier
Assistant cashier
Chief entry clerk
Entry cleris:.,
do
Permit clerk
Bond clerk
Marine clerk
Assistant marine clerk
Entrance and appearance clerk
Assistant eutrance and appearance clerk .
Manifest clerk
Warehouse bookkeeper
Wai-ehouse assistant clerk
Bond assistant clerk
Messenger and copyist
do
1
Clerk do . .
Weigher.
Clerk .
Assistant weighers
Laborers
Gauger
Assistant gauger
Clerk .
Marker
Laborers
Captain night watch
Night watchmen
Inspectors
do
Captain night inspectors
Night inspectors
each.
$600 00
each.
do..
1,200 00
600 00
:..
each.
each.
do..
do..
each.
600 00
$4
3
3
2
00
00
00
50
'eoo'oo'
$7, 000 00
3, 000 00
2, 200 00
1, 800 00
1,4()0 00
750 00
1, 200 00
2, 500 00
1, 800 00
1,400 00
1, 000 00
1,200 00
1, 400 00
1,000 00
1,400 00
1,000 00
600 00
480 00
3, 000 00
2, 500 OO
1,400 00
1,800 00
1,600 00
1,200 00
1,000 00
1, 600 00
1, 600 00
1,000 00
1, 600 00
1,200 OO
1, 200 00
1, 600 00
1, 600 00
1,400 00
750 00
600 00
1,200 00
1, 000 Off
2, 000 OO
1, 200 00 '
8,400 00
1,800 Oo
1, 800 00
1, 200 00
1, 200 00
720 00
1, 200 00
800 00
3, 000 00
2, 920 00
32,850 Oo1, 095 00
18,250 OO.-
100
R E P O R T OF T H E SECRETARY OF T H E TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continued.
LOUISIANA—Continued.
No.
Per
diem.
Officers.
Per
annum.
Total.
PORT OF N E W ORLEANS, DISTRICT OF N E W ORLEANS—Cont'd.
Warehonse department.
Storekeeper and cigar inspector
Clerk.
(Ilhief laborer
Laborers
Messenger
Boatmen
>
$1,200 00
1, 000 00
1, 000 00
3, 600 00
600 00
9, 600 00
each.
each.
600 00
Naval office.
Naval officer
Deputy naval officer.
Chief clerk
Entry clerk
Liquidating clerk . . .
Warehouse clerk
Messeuger
3, 500 00
2, 000 00
1, 800 00
1, 600 00
1, 600 00
1, 600 00
600 00
Surveyor's office.
Surveyor
Deputy surveyor
Chief clerk .."
Clerk and admeasurer
Clerk
Messengers
,
Appraiser's department.
Appraiser
1
Assistant appraiser
.Examiners
Assistant examiner aud. verifier
Examiner of drugs
Clerk.
Eecording clerk
Abstract cleric
Sampler
Openers and packers
Laborers
Messenger
178
3,500 00
2, 000 00
1,800 00
1, 400 00
1, 200 00
1, 200 00
each.
600 00
each.
1, 800 00
•
each.
do..
|
720 00
600 00
3, 000 00
2, .500 00
7, 200 00
1, 200 00
1,000 00
1, 600 00
1,400 00
1, 000 00
7.50 00
1, 440 00
4, 200 00
600 00
Total compensatiou
P O R T O F B R A S H E A R , DISTRICT O F T E C H E .
Collector
Deputy collectors and inspectors
Inspectors
Boatmen
each.
do..
do..
$3 00
3 00
480 00
Total compensation.
1, 600 00
2,190 00
2,190 00
1, 440 00
7, 420 00
T'EXAS.
P O R T O F B R O W N S V I L L E , DISTRICT O F BRAZOS D E SANTIAGO.
Collector
Deputy collector
db
Deputy collector and entry clerk
Clerk.
do
Storekeeper
Deputy collectors and mounted inspectors
Deputy collectors and inspectors
Mounted inspectors
Inspectors
Inspectress
Messenger
Watchman
30
Totai compensation .
each.
do..
do..
do..
$3
3
3
3
3
50
00
50
00
00
$4, 000 00
2, 000 00
1, 600 00
1, 600 00
1, 600 00
1, 600 00
1, 400 00
2, 555 00
3,285 00
12, 775 .00
5, 475 00
1, 095 00
750 00
750 00
40, 485 00
101
R E P O R T OF T H E SECRETARY OF T H E TREASURY.
SCHEDULE N O . 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continued.
. TEXAS—Continued.
Per
diem.
Officers.
No,
Per
annum.
Total,
PORT OF CORPUS CHRISTI, DISTRICT OF CORPUS CHRISTI.
Collector
Deputy collector
Deputy collector and inspector
Deputy collector and clerk
Deputy collector and inspector
do
Clerks
.,.
Inspector . . )
Storekeeper, weigher, and gauger
Mounted inspectors
Inspectois
Boatman
Laborer
-...
,
each.
$3 50
4 00
each.
do..
Total coinpensation
$3, 000 00
1,800 00
1, 800 00
1, 600 00
1,400 00
1,277 50
3, 600 00
1, 460 00
1, 400 00
5,110 00
3, 285 00
600 00
420 00
$1, 200 00
3 50
3 00
:
:6, 752 50
PORT OF GALVESTON, DISTRICT OFGALVESTON.
Collector
Deputy collector
Deputy collectors and clerks
Clerk and deputy collector
Mounted inspectors
Inspectors
Chief night inspector
Night inspectors
Storekeeper and clerk
Messenger
Porter
Laborer
Boatmen
Inspector
Inspector for 5 months
33
each
...each
do.
each..
4, 000 00
2. 200 00
7,200 OO
1, 600 00
2, 555 00
9, 855 00
1,095 00
5, 475 00
1, 400 00
730 00
•600 00
480 00
.1,200 00
1, 460 00
547 50
1, 800 00
3
3
3
2
50
00
00
50
2 00
i
each
4 00
3 00
600 00
Total compensation.
40,397 50
PORT OF EL PASO, DISTRICT OF PASO DEL NORTE,
C ollector
Deputy collector.
Deputy coUectors and inspectors
do
Deputy coUector and inspector
Mounted inspector
Mounted inspectors
Clerk .
Deputy clerk and inspector.
do
Inspectors
each.
do..
each.
each.
3
2
2
3
3
3
2, 000 00
1, 600 00
2, 555 00
2, 007 50
730 00
1, 095 00
2, 555 00
1, 277 50
1, 600 00
1, 204 50
2, 555 00
50
75
00
00
50
50
3 30
3 50
Total compensatiou.
19,179 50
INDIANOLA, DISTRICT OF SALURIA.
Collector
,
Deputy collector
Deputy coUector and mspector,
do
do
Mounted inspectors
Inspectors
0
each..
do...
3
3
3
3
2, 000 00
1, 600 00
1, 600 00
1, 350 50
1, 095 00
6, 387 50
2,190 00
70
00
50
00
Total compensation .
16,223 00
TENNESSEE.
PORT OF CHATTANOOGA.
. 1 Surveyor
1
Total compensation
•
$350 00
350 00
^g
102
REPORT OF T H E SECRETARY OF T H E TREASURY.
SCHEDULE NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, 4c—Continned.
TENNESSEE—Continued,
No.
Per
diem.
Officers.
Per
annum.
Total.
PORT OF NASHVILLE.
Surveyor
Deputy surveyor.
$600 00
1, 095 00
; 00
Total compensation
1,695 00
PORT OF MEMPHIS,
1, 200 00
1,000 00
150 00
Surveyor
Deputy surveyor . .
Porter and laborer.
2, 350 00
Total coinpensation.
KENTUCKY.
PORT OF LOUISVILLE.
Surveyor
Deputy surveyor
db
$3, 000 00
1,600 00
1, 400 00
1,200 00
1, 277 50
1, 095 00
547 50
'.
Deputy surveyor and clerk
Inspector, examiner, and storekeeper.
Inspector, weigher, and gauger
Messenger
$3 50
3 00
1 50
Total compensatiou.
10,120 00
OHIO.
PORT OF CINCINNATI.
Surveyor
Appraiser
Deputy surveyor
Deputy surveyor and clerk .
Inspector and weigher
Clerk .
Clerks
,
do
Inspectors
Inspector
Messenger
Night watchman
Examiuer
Opener and packer
Porter, appraiser's store.
Laborer
Clerk
$4 00
1, 200 00
$4, 000 00
3,000 00
2, 000 00
1, 500 00
1, 460 00
1, 400 00
3, 600 00
1, 000 00
3, 832 50
1. 095 00
480 00
720 00
1, 600 00
900 00
720 00
600 00
1, 095 00
3 00
Total conixDcnsation.
29, 002 50
PORT OF CLEVELAND, DISTRICT OF CUYAHOGA.
Collector.
Deputy collector...
Clerks
Deputy clerk and inspector
Inspectors
Night inspector
Night watchman
Deputy collector
Deputy collectors
Deputy collector
Appraiser
Messenger
Clerk
20
Total compensation.
each.
each.
each.
3 50
3 00
2 50
1, 200 00
300 00
3, 000 00
2, 000 00
3, 600 00
1,277 50
4,380 00
912 50
1,085 00
600 00
900 00
25 00
3, 000 00
720 00
1, 000 00
22, 500 00
EEPORT OF THE SECRETAEY OF THE TEEASUEY.
SCHEDULE NO. 1.-
103
ESTIMATES of EXPENSES of COLLECTING BEVENUE from
CUSTOMS, #c.—Continned.
OHIO—Continued.
Per
diem.
Officers.
No.
Per
annum.
Total,
PORT OF SANDUSKY. DISTRICT OF SANDUSKY,
1
1
2
2
2
Collector
Denutv collector
Deputy collectors and inspectors
db
do
8
Total compensation
...
each..
do...
do...
$2,500 00
1 000 00
803 00
401 50
219 00
$1 10
55
30
4, 923 50
PORT OF TOLEDO, DISTRICT OF MIAMI.
Collector
Denutv collector
. do
.
Deputy collector and inspector
Messen O'er
6
2, 500 00
1,400 00
1,200 00
1, 095 00
720 00
300 00
..........
3 00
.
. ..
.
7, 215 00
Total
INDIANA.
1 Surveyor
1 Deputy surveyor
2
PORT OF EVANSVILLE.
$600 00
800 00
.
Total compensation
1,400 00
PORT OF INDIANAPOLIS.
1
1
1
1
4
Surveyor
Denutv survevor aud insnector
Clerk
Opener and packer
•
.
Total compensation
,
.
2, 000 00
1 095 00
720 00
600 00
$3 00
i
4, 415 00
ILLINOIS.
PORT OF CAIRO.
Surveyor
:
Deputy surveyor and inspector
$1, 000 00
1, 095 00
$3 00
Total compensation.
2, 095 00
PORT OF CHICAGO,
Collector
Deputy collector
Correspondence clerk
Messenger and clerk
Messenger for coUector
Watchmen
Auditor
Assistant auditor aud impost clerk
Liquidating clerk
FUes clerk
Statistical clerk
Warehouse-bond-abstract clerk
Abstract clerk
. . . do
Assistant liquidating clerk
Cashier
Assistant cashier and clerk
Deputy collector and clerk
Chief entry clerk
Assistant "entry clerk
Warehouse clerk
Assistant warehouse clerk
Bond clerk
Clerk.
.do
'$6, 000 00
:
each.
,..
i
2 50
6, 000 00
3, 000 00
2, 300 00
900 00
720 00
1, 825 00
2, 500 00
1. 700 00
1, 700 00
1,000 00
1,500 00
1, 400 00
1, 300 00
1, 200 00
1, 000 00
2, 500 00
1, 400 00
2, 500 00
1, 800 00
1, 600 00
1.600 00
1, 200 00
1, 460 00
1, 200 00
1, 000 00
104
R E P O R T O F T H E SECRETARY O F T H E TREASURY.
SCHEDULE NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continued.
ILLINOIS—Continued.
No.
Per
diem.
Officers.
Per
annum.
PORT OF CHICAGO—Continued.
$900 OO
2. 200 00
1,600 00
1, 300 00
1, 200 00
360 00
350 00
2, 000 00
1, 600 00
1,500 00
1,460 00
1,500 00
1, 500 00
1,460 00
1,277 50
1,460 00
1,460 00
10. 220 06
14,235 OO
8,212 50
2, 920 00
3, 000 OO
2, 000 00
1,800 00
1, 600 00
1, 000 00
1, 200 00
2,737 56
1, 095 00
Deputy collector and clerk
Enrollment and license clerk
Mariue clerk
Eecording clerk
Deputy collector (at South Chicago) $30 per month .
Surveyor (Michigan City, Ind,)
Deputy collector and clerk
-
(io
Chief weigher
A ssistant weigher and inspector
Gauger
Clerlj
Cigar inspector
Inspector and assistant gauger and weigher
Special iuspector
Inspector
Inspectors
do
Inspectors for nine months
Laborers
Appraiser
Examiner
do
do
:
do
Clerk
Openers and packers.
Storekeeper
$4 00
each .
do -.
do . .
do . .
each.
4
3
4
4
3
3
3
2
Total,
00
50
00
00
50
00
00
00
2 50
3 00
Total compensatiou.
117, 392 50
PORT OF GALENA.
500 00
500 OO
Surveyor
Deputy surveyor and clerk
Total compensation.
1, 000 OO
MISSOUEI.
Surveyor . . .
PORT OF KANSAS CITY
Total compensation
$1, 000 001, 000 06
,
PORT OF SAINT JOSEPH.
1, 000 06
Surveyor
Total compensation
1, 000 00
PORT OF SAINT LOUIS.
Surveyor
Appraiser
Deputy surveyor
Deputy surveyor and cashiei"
Deputy surveyor and entry clerk
Deputy sui'veyor and assistant entry clerk
Deputy surve^yor and chief inspector
Inspector, weigher, and gauger
Inspector, assistant weigher, and gauger
Inspector
Inspectors
.'
Liquidating clerk
Clerk
Clerk
Deputy surveyor.
do
Clerk .
Messenger
Laborers
Examiner
Storekeeper
Clerk
Opener and packer
Total compensation.
each.
$4 00
3 50
each.
$480 00
3 00
'2'66
5, 000 00
3, 000 00
2, 500 00
2, 000 00
1, 600 00
1, 200 00
1,800 00
1, 500 06
1,000 00
1, 460 00
5,110 OO
1,500 00
1, 300 06
1,100 00
1, 800 00
1, 600 00
900 00
840 00
X 960 OO
1,400 00
1, 095 00
1,400 00
730 00
40, 795 00
R E P O R T O F T H E SECI-ETARY OF T H E TREASURY.
105
SCHEDULE NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E froxn
CUSTOMS, ^c—Continued.
MICHIGAN.
No.
Per
diem.
Officers.
Per
annum.
Total,
PORT OF DETROIT, DISTRICT OF DETROIT.
Collector
Appraiser
Deputy coUector
Deputy collector and chief clerk
.!
Cashier
Deputy collectors and clerks
do
IDeputy collector and clerk
Deputy collector and inspector
db
Inspector
Deputy collector and inspector
Inspectors
Deputy colleotor and inspector
Inspector and admeasurer
Deputy collectors andinspectors
;
db
do
do
Inspectors
Deputy collector aud inspector
Deputy collector and inspectors (when employed)
do
.each.
do.
each.
each.
each.
i
do
do
do
Inspectors
Inspectress
Messenger
Inspector and clerk
Weigher and gauger
Deputy coUector and inspector
each.
$1, 600 00
1,400 00
$3
3
2
2
2
3
3
2
00
00
50
50
50
00
00
50
2 50
2 50
3 50
35
65
1 00
2 00
30
4 00
1 50
2 50
;
Total compensation.
$4, 000 00
3, 000 00
2, 250 00
2, 000 00
1, 800 00
3,200 00
2, 800 00
1, 200 00
1,095 00
1, 095 00
912 50
912 50
1, 825 00
1, 095 00
1, 095 00
3,650 00
1, 200 00
1,400 00
i, 825 00
15, 512 50
1,277 50
84 00
474 50
1, 095 00
730 00
328 50
2, 920 00
547 50"
500 00
1, 400 00
912 50
1, 400 00
63, 537 00
PORT OF PORT HURON, DISTRICT OF HURON.
Collector
Deputy collector
Deputy collector and bookkeeper
Deputy coUector, bond and entry clerk
Deputy collector and marine clerk
Deputy collectors and clerks
do
Clerk.,
Deputy collector and inspector .
do
do
'.
do
Inapectors, when employed
Deputy collector and clerk
db
Deputy collectors and inspectors
do
Inspectors, when employed
Inspector
Inspector, when employed
do
do
do
do
do
Inspectors
Watchmau
Messenger
Inspectress
Deputy collector and inspector
do
do
do
do
do
57
Total compensation.
each.
2 50
each.
...do...
do..,
2 50
3 00
3 00
each..
2 50
each..
3
3
3
3
2
2
3
2
each..
00
00
00
00
50
50
00
00
65
each..
600 00
each..
do...
240 00
120 00
4, 000 00
2, 000 00
1.600 00
1, 500 00
1,400 00
4, 800 00
912 50
730 00
1, 500 00
1, 200 00
1, 825 00
7, 665 00
1,460 OO
800 00
1, 000 00
5,475 00
1, 500 00
1,460 00
1,095 00
730 00
730 00
647 50
912 50
2,190 00
730 00
600 00
237 25
1, 200 00
2, 400 00
400 00
720 00
240 00
300 00
53, 959 75
106
REPORT O F T H E SECRETARY O F T H E TREASURY.
S C H E D U L E NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continned.
MIC HIG AN—Continued.
Per
diem.
Officers.
No.
Per
annum.
Total,
PORT OF GRAND HAVEN, DISTRICT OF MICHIGAN.
Collector
Deputy collector
Deputy collector
Deputy collector
Deputy collector
db
Deputy collector
do
Deputy collector
.do .
.do .
.do .
.do .
.do .
.do .
.do .
20
and clerk, $60 per month
and clerk, $40 per month
and iuspector (when employed) .
do
'.
and inspector
. each.
and inspector (when einployed) .
.do .
.do -do .
.do .
.do .
.do .
.do .
.each.
$2, 000 00
1, 200 00
720 00
480 00
602 50
723 00
511 00
365 00
241 00
469 95
204 85
180 75
542 25
132 55
120 50
150 65
$2
1
1
1
1
50
00
40
00
00
65
85
75
2 25
55
50
65
Total compensation.
8,650 00
PORT OF MARQUETTE, DISTRICT OF SUPERIOR.
Collector :
Deputy collector and cashier
Deputy collector and inspector
do
do —
do
Inspectors
.^
'
each.
do..
do..
2, 000 00
1, 200 00
1. 200 00
1, 000 00
1, 460 00
273 75
2,190 00
80
25
3 00
9, 323 75
Total compensation
WISCONSIN.
PORT OF LA CROSSE.
$1, 200 00
Surveyor
Deputy surveyor, without compensation.
Total compensation
1, 200 00
PORT OP MILWAUKEE, DISTBICT OP MILWAKUBE.
Collector
Deputy collector
Deputy collector and clerk
db
Inspectors
Inspector
Opener and packer
Deputy coUector and inspector
do
Deputy collectors and inspectors
Deputy collector and inspector
13
3, 000 00
each.
$4 00
3 00
v
each.
Total compensation.
$300 00
1 , 800 00
1,600 00
1,200 00
2, 920 00
1, 095 00
600 00
600 00
400 00
600 00
200 00
14, 015 00
IOWA.
PORT OF BURLINGTON.
1
1
2
Surveyor
Deputy surveyor
$500 00
120 00
Total compensatiou
620 00
PORT OF DUBUQUE.
1
1
2
Surveyor
Deputy surveyor
Total compensation
600 00
120 00
720 00
R E P O R T OF T H E SECRETARY OF T H E TREASURY.
107
S C H E D U L E NO .1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
C USTOMS,-4c—Continned.
NEBEASKA.
Per
diem.
Officers.
No.
Per
annum.
Total.
P O R T O F OMAHA.
1
1
Surveyor
Deputy surveyor and inspector
2
"
$3 00
$500 00
1,095 00
1, 595 00
Total compensation
MINNESOTA.
PORT OF DULUTH, DISTRICT OF DULUTH.
Collector
Deputy collector and storekeeper
Deputy collector
Clerk and storekeeper, when employed.
Inspector, when employed
do
do
-
$3
4
3
3
00
00
00
00
$2, 500 00
1, 400 00
1,095 00
1,104 00
856 00
642 00
7,597 00
Total compensation
PORT OF SAINT VINCENT, DISTRICT OF MINNESOTA.
Collector
:
Deputy collector
Deputy collector, examiner, and inspector
Deputy collector
Deputy coUector and inspector
db
Deputy collector and mounted inspector
Deputy collectors
Mounted inspectors
Deputy coUector
Clerk and inspector
Inspectors
,
Inspector and intei-preter
each.
each.
each.
4
4
4
3
3
3
3
3
3
00
00
00
50
50
00
00
00
00
Total compensation.
2, 500 00
2, 000 00
2, 000 00
1,800 eo
1, 460 00
1, 460 00
1, 460 00
2, 555 00
2, 555 00
1,095 00
1, 095 00
13,140 00
1, 095 00
31, 215 00
MONTANA.
P O R T O F F O R T BENTON, DISTRICT O F MONTANA AND I D A H O .
1
1
Collector
Deputy collector and inspector
'. o$3 50
2
$1, 200 00^
1, 277 50
2,477 50
CALIFOENIA.
PORT OF EUREKA, DISTRICT OF HUMBOLDT.
Collector
Deputy collector
Inspector
Deputy collector and inspector .
$3 00
$2, 500 00
1, 400 00
1,095 00
1,200 00
6,195 00
Total compensation
PORT OF SAN DIEGO, DISTRICT OF SAN DIEGO.
CoUector
Deputy collector
Inspectors
.-.
Total compensation
^
each.
;...
3 00
2, 500 00
1,500 00
3. 285 00
7, 285 00
108
R E P O R T O F T H E SECRETARY O F T H E TREASURY.
SCHEDULE No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, c^c—Continued.
CALIFOENIA—Continued.
No.
Per
diem,
Officers.
Per
annum.
Total.
P O R T O F SAN FRANCISCO, DISTRICT O F SAN FRANCISCO.
Collector
Deputy collectors
Auditor
Assistant auditor
Chief liquidating clerk
Cashier
Assistant cashier
Clerks
.do.
.do.
.do.
.do.
-do.
Collectors office.
each.
$3, 625 00
2, 000 00
1,800 00
1, 600 00
1,500 00
1, 400 00
1, 200 00
900 00
900 00
each.
- do. do.
-do..
-do..
.do.:
•do-.
Watch men
Superintendent, of laborers
Laborers
'
Assistant storekeeper
Deputy collectors
Inspectors
do
Night inspectors
Inspectress
Boatmen
Gauger
Ganger's laborer
Weigher
Assistant weighers
do
Admeasurer
,
Clerk
do..
each.
900 00
each.
do -.
do..
do..
1,500 00
1, 000 00
$4 00
3 00
3 00
each.
900 00
each.
do..
1, 800 00
1, 200 00
$7. 000 00
10,875 00
, 4, 000 00
2, 500 00
2, 500 00
3, 500 00
1, 800 00
6, 000 00
28, 800 00
12, 800 00
4, 500 00
5, 600 00
3, 600 00
4, 500 00
3, 600 00
1. 200 00
11,700 00
1, 600 00
3, 000 00'
4. 000 00
78, 840 00
32, 850 00
1,095 00
1, 800 00
2, 000 00
900 00
2, 000 00
3,600 00
18, 000 00
1,460 00
1, 600 00
Surveyor's office.
Surveyor
Deputy survej'or.
Clerk...:
do
Messenger
5, 000 00
3, 625 00
1, 800 00
1, 600 00
900 00
Naval office.
Naval officer
Deputy naval officer
Clerks
.do .
.do.
Clerk and messenger.
."
each.
-do.
1, 800 00
1, 600 00
each.
do.!
do..
3, 625 00
2, 500 00
2, 000 00
each.
1, 200 00
each.
""666'66
5, 000 00
3,125 00
7, 200 00
4,800 00
1, 400 00
1, 000 00
I
Appraiser's department.
Local appraisers
Assistant appraisers
Examiners
Special examiner of drugs
Clerk.
.do
Samplers
Messenger
Superiutendent of laborers
Laborers
Total compensation.
7, 250 00
5, 000 00
10, 000 00
2, 000 00
1,800 00
1,200 00
4, 800 00
900 00
1, 200 00
9, 900 00
346, 720 00
P O R T O F WILMINGTON, D I S T R I C T O F WILMINGTON.
Collector
Deputy collector
In spectors
Deputy collectors and inspectors
Total compensation.
each..
do,.
3 00
1, 000 00
2, 000
1,500
2,190
8, 000
00
00
00
00
8, 090 00
REPORT
OF
THE
SECRETARY
OF
THE
TREASURY.
109
S C H E D U L E No. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N U E from
CUSTOMS, #c.—Continued.
OEEGON.
Per
diem.
Officers.
No,
Per
annum.
. Total.
P O R T O F ASTORIA, DISTRICT OF. OREGON.
1
1
1
2
2
Collector
D e n u t v collector
do
- ..
Inspectors
Boatmen
7
.
- ....
.each..
.•
$4 00
$480 00
_ flo .
Total comuensation
$3, 000 00
2, 000 00
1, ,500 00
2,920 00
960 00
10, 380 00-
P O R T O F COOS BAY, DISTRICT O F SOUTHERN OREGON.
1
1
- 3
Collector
D e p u t y collectors
-
.each..
1,000 00
5
1,000 00.
500 00
3, 000 00
4,500 00
P O R T O F P O R T L A N D , DISTRICT O F W I L L A M E T T E .
1
1
1
1
1
1
1
5
5
1
1
19
4, 000 00
•3,000 00
2, 400 00
2, 200 00
1, 500 00
1,400 00
1,460 00
7,300 00
4,562 50
1,250 00
1,200 00
Collector
. ..Ao
Clerk
clo
. each..
...do...
Inspectors
do
Opener and packer
Storekeeper
4 00
4 00
2 50
.
Total comnensation
.....
...
30, 272 50
P O R T O F Y A Q U I N A , DISTRICT O F YAQUINA.
]
2
1
4
Collector
D e p u t y collectors
Boatman
. each..
1, 200 00
.
1,000 00
2, 400 00
720 00
4,120 00
Total compensation
WASHINGTON TEEEITOEY.
PORT OF PORT TOWNSEND, DISTRICT OF PUGET SOUND.
Collector
Deputy collector
Deputy collector and clerk
Inspectors
Boatmen and night inspectors
Watchman
Inspectors
Deputy collector
-do
Deputy collector and mounted inspector
Inspector
Boatman and iuspector
19
each.
do..
each.
$3
2
2
3
$3, 000 00
.2, 000 00
1,500 00
6, 387 50
1, 825 00
730 00
3, 832 .50
2, 000 00
1, 500 00
1,460 00
1,277 50
50
50
00
50
4 00
3 50
912 50
Total compensation.
26, 425 00
ALASKA.
PORT OF SITKA, DITSRICT OF ALASKA.
Collector
Deputy collector
Deputy collectors
Inspector.
Total compensatiou.
each.
!$1, 500 00
$3 00
$3, 000
1, 800
4, 500
1. 095
00
00
00
00
10, 395 00
110
REPORT OF T H E SECRETARY OF T H E
TREASURY.
SCHEDULE NO. 1.—ESTIMATES of E X P E N S E S of COLLECTING B E V E N L E from
CUSTOMS, cfc—Continued.
COLOEADO.
No.
Officers,
Per
Per
diem. annum.
Total.
PORT OF DENVER.
1
Surveyor
$1, 000 00
MISCELLANEOUS ITEMS.
For temporary employes when deemed necessary by tlie Secretary of the
Treasury, rents, labor, stationery and supplies for custom-houses, traveling and incidental expenses in the several collection districts
$920,623 02
For salaries and traveling expenses of special agents
100,000 GO
For detection and prevention of fraud upon the customs revenue
100, 000 00
The salaries and traveling expenses of additional inspectors of customS;
appointed by the Secretary of the Treasury
,
40, 000 00
Total for miscellaneous items
1,160,623 02
For the compensation of storekeepers of bonded warehouses, at a rate not exceeding
$1,400 each per annum, night services of inspectors and other officers, special services.
and expenses of customs officers, traveling expenses of examiners of machinery and
compensation of nierchant appraisers, there are hereby appropriated, ont oi* any
moneys in the Treasnry not otherwise appropriated, such sums as may be collected
for said purposes respectively.
SCHEDULE A.
[ E e f e r r e d t o on p a g e x x x v m . ]
N u m h e r of e m p l o y e s a n d s a l a r i e s d u r i n g t h e y e a r e u d e d J u n e 30,1882.
Salaries.
a,
No.
8, 454 00
Aroostook, Me
29
20
12,360
4, 392
4,160
5, 222
73,146
750
684
250
75, 038 00
777 99
686 30
^
263 71
9, 577 62
71, 884 70
Portsmouth, N. H
Yermont, V t
1
2, 771 68
12, 070 80
8, 014 63
2, 628 72
436
4
11
1
551,570 00
2, 845 22
8, 354 90
76, 766 00
9.577 62
71, 884 70
10. 758 50
75, 398 50.
3, 785
12,499
8. 019
2, 690
17,100 00
21, 462 75
Bath, M e .
17, 000 00
24,667 50
E a s t p o r t , M e , ( i n c l u d e s p a r t of
Passamaquoddy).
21,400 00
Portland, M e
Portsmouth. N. H
Burlington, V t . . .
56, 770 00
9, 600 00
73, 460 00
Ul
7,
4.
5,
2,
19, 589 31
20
490
272
390
250
o
pi
t?j
74, 830 00
10,758 50
75, 398 50
>^
P>
o
H
W
00
50
50
00
422
7, 601 58
4, 441" 33
5,117 77
2,428 63
30
B a n g o r , M e . ( i n c l u d e s p a r t of Bangor a n d p a r t of C a s t i n e ) .
26, 994 00
Salem, M a s s .
561,119 50
Boston, M a s s .
550, 482 25
2, 601 50
8,035 75
407
4
11
562, 770 12
N e w Bedford, M a s s
Pall Eiver. Mass
Edgartown, Mass
Nautucket, Mass
26,135 40
00
00
00
00
25, 485 83
Boston and Charlestown, Mass
Plymouth, Mass
Barnstable, Mass
$13,200 00
9,880 25
4,002 50
7, 580 00
24
26, 379 10
Portland and PaUnouth, Me
Saoo, M e
Kennebunk, Me
York, Me
Yanceborough.Me, (includesHoult o n a n d p a r t of B a n g o r , p a r t of
C a s t i n e a n d p a r t of P a s s a m a quoddy).
21, 772 50
2, 895 00
21, 819 00
4, 560 10
O
Pi
O
$9, 584 75
00
65
00
75
22, 373 67
Passamaquoddy, Me
Machias, Me
Salaries.
I'a
,584 75
29, 062 58
9. 317 10
4. 331 74
8, 724 83
Bath, Me
Wiscasset. Me
•Waldoborough, M e
District.
Total.
11
$8,454 00
12, 726 69
4,375 16
5, 570 90
6, 389 83
Bangor, Me
Belfast, M e
Castine, M e
Prenchman's Bay, M e
Total.
Salaries.
Total.
Total.
Newburyport, Mass
Gloucester, M a s s
Salem and Beverly, Mass . . .
Marblehead, Mass
E s t i m a t e d n u m b e r of employ68 a n d s a l a r i e s for t h e y e a r
e n d i n g J u n e 30, 1885, s h o u l d t h e d i s t r i c t s be consolid a t e d a n d r e d u c e d as r e c o m m e n d e d b y t h e S e c r e t a r y
of t h e T r e a s u i y .
Employes.
Employes.
District or port.
No.
E s t i m a t e d n u m h e r of e m p l o y e s a n d salaries, as recommended b y commissions
on e s t i m a t e s for t h e y e a r e n d i n g J u n e 30,
1884. a n d r e s u b m i t t e d for t h e y e a r eudi n g J u n e 30,1885.
19
21, 500 00
t>
Ul
Cj
W
K5
00
50
75
00
19,403 25 I N e w Bedford, M a s s .
S C H E D U L E ^—Continued.
to
Number of employes and salaries duruig the year ended J u u e 30, 1882.
Employes.
District or port.
Salaries.
Total.
Total.
No,
Total.
District.
Salaries.
o ft
Total.
J2<
Providence, E. I
Bristol and Warren, E. I
Newport, E. I
128,149 19
1,755 74
4, 401 02
.
$27,467 75
1, 511 00
4, 770 25
7, 991 50
1, 978 07
10
16, 205 99
5, 607 24
3, 096 63
25,116 90
25,150 60
11, 934 40
29, 317 70
7, 900 00
New Haven, Conn.
22, 000 00
H
o
2,136, 900 00
1,511
o
w
t?d
2,124,178 50
800 00
682 50
200 00
200 00
10, 840 00
2,103, 276 13
25,116 90
25,150 60
11, 934 40
29, 317 70
H
O
Ul
26,495 50
2, 090, 422 25
968 48
547 80
232 90
248 70
10, 856 00
1,521
26
24
13
28
9, 729 00 New London, Conn
17, 992 50
5, 803 00
2,700 00
24, 909 86
Champlain, N. Y
Oswegatchie, N, Y
Cape Vincent, N, Y
. Oswego, N. Y
$27,820 00
7, 885 00
1,844 00
9,969 57
NewYork, N, Y
Sag Harbor, N. Y
Greenport, N. Y
Patchogue, N. Y
Port Jefferson, N. Y
Albany, N . Y
Providence, E. I . . .
$33,749 00
$34, 305 95
New London, Conn
Stonington, Conn
New Haven, Conn
Middletown, Conn
Eairfield, Conn
Pi
o
a..^
Emploj^es,
Salaries.
No.
Estimated number of employ6s and sala- Estimated number of employ6s and salaries for the year
ries, as recommended by commissions
ending J u n e 30, 1885, should the districts be consolion estim ates for the year ending June 30,
dated and reduced as recommended by the Secretary
1884, and resubmitted for the year endof the Treasury.
ing June 30, 1885,
27,409 50
25, 778 25
14,175 50
29,418 00
NewYork, N . Y
Plattsburg, N, Y.....
Ogdensburg, N, Y
Cape Vincent, N. Y
Oswego, N. Y
1,450
27
22
13
28
1. 984, 620 00
27, 300 00 .
23, 700 00
11, 900 00
29, 600 00
W
H
96, 781 25
Bufialo Creek, N, Y
Dunkirk, N, Y
51, 880 00
3, 243 27
Genesee, N . Y
Niagara, N. Y
Newark, N, J
Perth Amboy, N. J
Philadelphia, P a
Little Egg Harbor, N. J .
Great Egg Harbor, N. J".
25, 333 10
47, 006 00
44
55,123 27
25,333 10
47, 006 00
56, 895 00
3.555 00
60,450 00
27, 415 25
48, 914 00
Buffalo, N . Y
Eochester, N. Y
Suspension Bridge, N. Y
53, 900 00
22, 800 00
45, 000 00
76, 329 25
3, 357 89
6, 599 45
277
3
4
356,199 00
1, 713 41
2, 427 34
3, 877 50
8, 295 00
9, 957 34
12,172 50
283
3
3
363, 917 50
1, 830 00
1, 830 00
Perth Amboy, N. J
8,300 00
CO
d
Hi-
Bridgeton, N,. J . . .
Lamberton, N. J ,
931 28
237 84
286
3
Erie, P a . .^ri^*,
^ Pittsburgh,"!-.
3o Wheeling, W. Va .
O
Delaware, Del
Baltimore, M d . .
Eastern, Md
Annapolis, M d .
4, 350 42
12
215
2
4
8, 438 18
Georgetown, D. C .
Alexandria, Va
287, 858 28
33
28
Key West, E l a . . .
24, 725 00
32, 486 06
24, 725 00
20, 900 00
1, 546 46
21
25
21
22,444 04
23,095 00
6, 330 00
1, 700 00
22
7
4
24,199 35
6, 651 00
1, 635 71
30
33
30
20
26, 097 50
21, 710 00
1, 895 00
23
2
22, 446 46
22, 444 04
9, 820 00
25
20
21,150 00
rn
W
O
Norfolk, Va.,
21
21,100 00
Pi
21, 760 00
>
^
Wilmington, N . C .
H
O
^
32, 330 00
5, 675 00
4,430 00
8, 000 00
2,180 00
1, 800 00
H
W
25, 918 50
30
19, 049 88
25
Charleston, S . C .
Beaufort, S.C . . . .
Georgetown, S. C .
6, 800 00
W
26, 335 00
29
n
^
5
21, 785 00
1, 000 00
9,545 00
6
6
8
7
3
5, 515 78
3, 646 46
6, 573 41
1, 495 60
1, 818 63
253, 680 00
00
50
50
00
31
32, 967 04
29
Eernandina, Ela
Saint John's, Fla
,
Saint Mark's, Ela
Saint Augustine, Ela.
Saint Mary's, Ga
204
18, 435 00
5, 283 50
2, 200 00
18
1
10
23, 573 04
1, 600 00
7, 794 00
w
w
H
Baltimore, Md
13, 300 00 Eichmond, V a .
25
24, 745 58
32
Savannah, G a . .
Atlanta, Ga
Brunswick, G a .
15. 800 00
9, 200 00
O
8, 585 00 Washington, D. C .
14, 645
5, 887
2, 542
3, 260
17
10
4
17, 356 74
4, 999 18
2, 389 66
346, 720 00
4,600 00
9, 605 00
1,100 00
2, 595 00
14
24, 923 30
27
Wilmington, N. C
Pamlico, N . C
Beaufort, N . C . . . : .
17, 445 00 Pittsburgh, Pa
8, 209 75 Wilmington, Del .
292,155 00
7
12
7
3
3
14, 658 00
4,487 87
2, 739 44
3, 037 99
282
3
5, 790 00
2, 795 00
9
2
3
14, 935 05
17
368, 677 50 Philadelphia, Pa..
5, 427 00 Erie, Pa
286,920 00
3, 095 00
2,140 00
4
3
10, 320 19
1,110 43
3, 504 43
8, 209 75
224
7 897 49
7
Norfolk aud Portsmouth, Va .
Yorktown, Va
Cherrystone, Va
Albemarle, N, C
11
5,427 00
15, 945 00
1,500 00
12
11
218
2
4
5, 097 20
2, 800 29
Eichmond, Va
Tappahannock, Va.
Petersburg, Va
4
291
4
10
2
16, 377 00
8,438 18
282,340 00
3, 530 51
1, 987 77
221
Pehsacola, Fla
Apalachicola, Fla ,
dobile, Ala''
361, 508 87
4, 350 42
15, 356 00
1, 021 00
11
12
900 00
200 00
1
1
Savannah, Ga
25, 840 00
H
W
W
H
22, 085 00 Fernandina, Fla .
22
15, 620 00
g>
Ul
31,125 00 ^Charleston, S, C ,
26, 097 50 |Key West, Fla ..
23, 605 00
21,150 00
Pensacola, Fla.
Mobile, Ala
25, 950 00
23, 800 00
.22,760 00..
19, 080 00
d
Pi
.^
h-l
c^
SCHEDULE ^—Continued.
rfi^
g Number of employes and salaries during the year ended J u n e 30,1883.
Employes.
District or port.
Total.
Salaries.
Total.
Pearl Eiver, Miss.
Natchez, Miss
Vicksburg, Ikliss ..
No.
Brazos de Santiago, Tex.
Corpus Christi, Tex
Galveston, Tex
Saluria, Tex
Paso del Norte, Tex
LouisviUe, K y .
Memphis, Tenn
Chattanooga, Tenn..
NashviUe, Tenn
Cincinnati, Ohio...
Portsmouth, Ohio .
Cuyahoga, Ohio . . .
Miami, Ohio
Sandusky, Ohio ..
Indianapolis, Ind.
Evansville, I n d . . .
183
32
20
35
12
15
47, 812 00
30, 344 00
46, 227 00
14, 964 73
.^
$7, 945 00 Pascagoula, M i s s . . .
10
205,105 00
7, 420 00
247,
47,
30,
46,
14,
728
812
344
227
964
06
00
00
00
73
19,117 80
19,117 80
10, 991 48
10, 991 48
186
40, 485 00
26, 752 50
40, 397 50
16, 223 00
19,179 50
110
7
10,120 00
2, 350 00
350 00
1, 695 00
2,166 62
350 00
628 26
$6,160 00
178
30
20
35
12
5
9
Brownsville, T e x . . .
Corpus Christi, Tex
Galveston, Tex
Indianola, Tex
C El Paso, Tex
) Tucson. Ariz
143, 037 50 L o u i s ^ l e , K y
194, 860 00
37, 640 00
26, 020 00
44, 000 00
15, 400 00
7, 400 00
11,320 00
11, 000 00
4, 395 00
Memphis, Tenn..
28,331 33
29, 002 50 Cincinnati, Ohio.
4,100 00
28, 620 00
'22,-964'io
22, 964 10
22, 500 00
22, 500 00 Cleveland, Ohio.
19,845 00
7, 215 00
4, 923 00
12,138 00
12, 007 80
4, 415 00
1, 400 00
5, 218 00
1, 376 51
8, 500 00
Toledo, Ohio
98, 240 61
96
w
>
Ul
a
pi
5, 815 00 Indianapolis, I n d .
5,120 00
117, 392 50
1, 000 00
1, 595 00
720 00
620 00
94, 418 00
907 22
1, 625 11
766 47
523 81
o
o
^^
10,120 00
29, 002 50
6, 934 00
5, 073 80
i
Ul
212, 525 00 New Orleans, La
3,144 88
28, 331 33
6, 594 51
Chicago. HI
Galena, HI
Omaha, Nebr
Dubuque, Iowa .
Burlington, Iowa..
%
16, 645 00
500 00
800 00
240,171 37
7, 556 69
175
O
Salaries.
District.
Total.
Total.
$6, 252 00
491 21
586 26
$7, 329 47
New Orleans, La , .
Teche, La
g
Employes.
Salaries.
No.
Estimated number of employes and sala- Estimated number of employ6s and salaries for the year
ries, as recommended by commissions
ending J u n e 30, 1885, should the districts be consolion estimates for the year endiug J u n e 30,
dated and reduced as recommended by the Secretary
1884, and resubmitted for the year endof the Treasury.
ing Juue 30, 1885.
121,327 50 I Chicago, IU
I
91
111, 880 00
Kj
Saint Louis, M o . .
K a n s a s City, M o .
Saint Joseph, M o .
Cairo, HI
,
Detroit, Mich
Huron, Mich
Michigan, M i c h . .
Superior, M i c h . . .
41,114
1, 000
1, 000
1.544
00
00
00
57
. 64. 053
47, 044
10, 547
9, 846
75
73
66
75
44, 658 57
64, 053 75
47, 044 73
10, 547 66
9, 846 75
12,540 84
1, 200 00
Milwaukee, Wis .
L a Crosse, W i s . . .
32, 303 00
8,190 30
2, 618 55
San Diego, C a l . . .
Wilmington, C a l .
Oregon, O r e g
224
4
1
7
P u g e t Sound, W a s h . T e r .
Alaska, Alaska
D e n v e r , Colo
.4.255
338,
5,
2,
9,
635
796
500
522
00
00
00
00
233
5
7
7
00
00
75
00
75
44,320 00
60,800 00
49, 800 00
7, 930 00
8, 900 00
Saint Louis, Mo
Detroit, Mich
P o r t Huron, Mich ..
Grand Haven, Mich
Marquette, Mich ...
7, 285 00
8, 690 00
10, 380 00
5, 404, 967 94 5, 404, 967 94
429
27, 233
22,168
10, 414
1, 000
26, 425 00
10, 395 00
1,000 00
F o r temporary employes when deemed
n e c e s s a r y b y t h e S e c r e t a r y of t h e T r e a s u r y , r e n t s , labor, s t a t i o n e r y , a n d s u p p l i e s for c u s t o m - h o u s e s , t r a v e l i n g a n d
i n c i d e n t a l e x p e n s e s i n t h e s e v e r a l collection districts, salaries and traveling,
e x p e n s e s of s p e c i a l a g e n t s a n d of addit i o n a l i n s p e c t o r s of c u s t o m s a p p o i n t e d
1,144, 627 13
b y t h e S e c r e t a r y of t h e T r e a s u r y , a n d
for t h e p r e v e n t i o n a n d d e t e c t i o n of
fraud upon t h e customs revenue
w
o
pi
15, 215 00
MUwaukee, W i s
14
13, 800 00
44, 289 50
Saint Paul, Minn . . .
32
38, 800 00
San Francisco, C a l . .
S a n Diego, C a l
W i l m i n g t o n , Cal
Astoria, Oreg
228
4
4
7
321, 500 00
5, 400 00
5, 400 00
10,160 00
H
O
W
352, 915
7.285
8, 690
10, 380
00
00
00
00
OQ
O
Pi
Pi
30, 372 50
4, 500 00
4,120 00
50
35
77
00
Grand total
6, 549, 595 07
A m o u n t of s a l a r i e s b y t h e c o n s o l i d a t e d
districts
w...
44,890
63,537
53, 959
8, 650
9, 323
346,720 00
6,195 00
9R
22,168 35
10, 414 77
1, 000 00
E e n t s , labor, s t a t i o n e r y , s u p p l i e s for c u s t o m houses, traveling and incidental expenses in
t h e s e v e r a l collection d i s t r i c t s , s a l a r i e s a n d
t r a v e l i n g e x p e n s e s of s p e c i a l a g e n t s , a n d of
a d d i t i o n a l i n s p e c t o r s of c u s t o m s , a p p o i n t e d
b y t h e S e c r e t a r y of t h e T r e a s u r y , a n d for
t h e p r e v e n t i o u a n d d e t e c t i o n of f r a u d u p o u
the customs revenue .,
Eeduction
34
229
4
"24, 351 00
1, 282 50
1, 600 00
Willamette, Oreg
S o u t h e m District, Oreg .
Yaquina, Oreg
Total
5,796 00
2, 500 00
9, 522 00
00
75
00
75
34, 215 00
7, 597 00
2,477 50
;6,135, 000
2, 500 00
223
1
63, 537
53. 959
8, 650
9, 323
15
43, 111 85
San Francisco, C a l .
H u m b o l d t , Cal
00
00
00
00
14, 015 00
1, 200 00
13,740 84
Minnesota, Minn
,
Duluth, Minn
Montana and Idaho, Mont.
40, 795
1, 000
1, 000
2, 095
H
>
38, 992
26, 425
10,395
1, 000
50
00
00
00
5, 490,158 40
1,160, 623 02
6,650,781 42
29, 300
21, 220
9, 000
1, 000
Portland, Oreg
P o r t Townsend, Wash. Ter.
Sitka, A l a s k a
D e n v e r , Colp
Total
4,054
F o r temporary employes, when deemed
n e c e s s a r y b y t h e S e c r e t a r y of t h e T r e a s u r y , r e n t s , labor, s t a t i o n e r y , a n d s u p p l i e s for c u s t o m - h o u s e s , t r a v e l i n g a n d
i n c i d e n t a l e x p e n s e s i n t h e s e v e r a l collection districts, salaries and traveUng
e x p e n s e s of s p e c i a l a g e n t s a n d of add i t i o n a l i n s p e c t o r s of c u s t o m s , app o i n t e d b y t h e S e c r e t a r y of t h e T r e a s ury,^ a n d for t h e p r e v e n t i o n a n d d e t e c tion*of f r a u d u p o n t h e c u s t o m s r e v e n u e .
00
00
00
00
Pi
K;
O
5, 036, 855 00
w
H
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Ul
C
1,112, 000 00
Pi
X
6,148, 855 00
6,148, 855 00
501, 926 42
Ol
A SUMMARY
of the PBOPOSED CHANGES in the NUMBEBlof CUSTOMS DISTBICTS, by STATES.
OD
N u m b e r of e m p l o y 6 s a n d a m o u n t of salaries.
Present districts.
^
Proposed districts.
Eemarks.
t^.
fl'tS
Maine
New Hampshire.
Vermont
Massachusetts.. Ehode Island
Connecticut
New York
New Jersey
N u m b e r of
e s p a i d N u m b e r of
e m p l o y 6 s S a lianr i1882.
employes.
i u 1882.
149
9
66
494
30
32
1, 723
17
$163, 035
9, 577
71, 884
607, 845
34. 305
34, 879
2, 322, 258
15, 267
35
62
70
26
95
43
10
21
448
22
28
1.646
7
^ 296
Pennsylvauia.
290
375, 905 42
Delaware
Maryland
D i s t i i c t of C o l u m b i a .
Virginia
W e s t Virgiuia
N o r t h Caroliua
South Carolina
Georgia
,
Florida
,.,
Alabaraa
Mississippi
,
Louisiaua
Texas.
Arizona
Tennessee
Kentucky
Ohio
,
Indiana
Illinois
Missouii
Michigan
,
Wisconsiu
Iowa
12
221
44
1
35
33
32
75
21
7
183
114
8, 438
287, 858
5, 097
39, 620
1, 021
27, 783
32, 486
34, 785
64, 402
22, 444
7,329
247, 728
158, 465
5
7
57
6
80
30
148
14
3
3,144 88
. 10, 991 48
63, 303 23
6, 594 51
96, 869 79
43,114 00
131, 492 89
13, 740 84
1, 290 28
•
4
18
28
20
65
00
57
06
67
71
04
47
06
53
136
11
204
27
28
25
75
19
6
178
102
52
5
91
31
151
14
O
Pi
H
Salaries.
$125, 470
9, 600
73,460
581, 760
27, 820
29, 900
2,198, 820
8, 300
O
00
00
00
00
00
00
00
00
367,120 00
9, 200
253, 680
6, 800
30, 920
00
00
00
00
w
Ul
o
Except Little E g g Harbor, Great Egc Harbor, Bridgeton,
and Lamberton.
Includes Little E g g Harbor, Great Egg Harbor, Bridgeton,
Lamberton, N. J., and Wheeling, W.
Includes Alexandria, Va.
I n c l u d e s A l b e m a r l e , N , C.
Annexed to Pennsylvania.
21, 760 00 E x c e p t A l b e m a r l e .
25, 950 00
25, 840 00 E x c e p t S a i n t M a r y ' s .
62,180 00 I n c l u d e s S a i n t M a r y ' s , Ga.
19,080 00
6,160 00
194, 860 00
130,460 00 E x c e p t p a r t of P a s o del N o r t e ,
11, 320 00 N e w d i s t r i c t m a d e from p a r t of P a s o del N o r t e , T e x .
4,100 00
11, 000 00
56, 965 00
5,120 00
111,880 00 I n c l u d e s O m a h a , N e b r , , r D u b u q u e a n d B u i l i n g t o n , I o w a .
44, 320 00 I n c l u d e s Cairo, 111.
"
<='
127, 430 00
13, 800 00
A n n e x e d to Illinois.
Pi
H
Pi
Kj
a.
W
w
H
Ul
a
w
K|
1
2
Nebraska
Montana
California
....
Oresron
W a s h i n g t o n T e r r i t o r y ...L
Alaska
Colorado
..
1
1
1
1
2
. . . . „
......
2
1
1
1
1.
142
67
67
75
2
31
2
229
25
17
6
1
4,255
1, 625
40, 493
2, 618
346, 931
36, 755
22,168
10,414
1, 000
11
30
55
00
50
35
77
00
236
27
17
5
1
5, 404, 967 94
4,054
Do.
32* " "38,* 800* 00'
332, 300
39, 460
21. 220
9, 000
1, 000
00
00
00
00
00
\
Pi
5,036,855 00
o
pi
H
75
Eeduction
Incidentals
.;
'1,144,627 13
1,112, 000 00
6, 549, 595 07
6,148, 855 00
Eeduction in the number of employes
201
Eeduction in the amount of salaries
Eeduction in the amount of incidental expenses
Total reduction over 1882, by consolidation
Number of employ6s recommended by commissions
Amount of salaries recommended by commissions
-.
Amount of incidental expenses reconimended by comraissions
Total amount recommended by commissions
Total amouut recommended by the Secretary
Amount of reduction over commissions' estimates
,,,,,,.,,,...,..„,..,,,
O
'.
w
$368,112 94
Ul
32,627 13
O
400, 740 07
4, 291
$5,490,158
1,160, 623
6, 650, 781
6,148,855
,.... ^.,.,.,,,,,,..,,,,,,,
501, 926
40
02
42
00
42
Pi
pi
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REPORT OF COMMISSIONER OF INTERNAL REVENUE.
119
REPOliT
OF
THE COMMISSIONER OF INTERNAL REVENUE,
TREASUHY D E P A R T M E N T ,
O F F I C E OF INTERNAL E E Y E N U E ,
Washington^ Octoher 30, 1883.
S I R : I have the honor to submit the annual report of the Oommissioner of Internal Eevenue for the fiscal year ended the 30th of June^
1883.
I also include certain additional information relative to the work of
the Bureau during the months of July, August, and September of the
present year, so that you may have before you a clear view of the present condition of the public business iatrusted to my charge.
In the appendix to the bound volume of this report you will also find
carefully prepared tabular statements as follows:
Table A, showing the receipts from each specific source pf revenue,
except adhesive stamps, and the amounts refunded in each collection
district. State, and Territory of the United States, for the fiscal year
ended June 30, 1883.
Table B, showing the number and value of internal-revenue stamps
ordered monthly by the Oommissioner and from the office of the Oommissioner ; the receipts from the sale of stamps and the commissions
allowed thereon; also the nuraber and value of stamps for special taxes,
tobacco, cigars, cigarettes, snuff, distilled spirits, and fermented liquors^
issued monthly to collectors during the fiscal year ended June 30,1883.
Table 0, showing the percentages of receipts from the several general
sources of revenu^e in each state and Territory of the United States to
the aggregate receipts from the same sources, by fiscal years, from July
1, 1863, to June 30, 1883.
Table D, showing the aggregate receipts from all sources in each
collection district. State, and Territory of the United States, by fiscal
years, from September 1, 1862, to June 30, 1883.
Table E, showing thereceipts in the United States from each specific
source of revenue, by fiscal years, from September 1, 1862, to June 30^
1883.
Table F, showing the ratio of receipts in the United States from specific sources of revenue to the aggregate receipts from all sources, by
fiscal years, from July 1, 1863, to June 30, 1883.
Table G, showing the returns of distilled spirits, fermented liquors^
manufactured tobacco, snuff, cigars, and cigarettes, under the several
acts of legislation and by fiscal years, frora Septeraber 1,1862, to June
30, 1883.
Table H, showing the receipts frora special taxes in each collection
district, State, and Territory for the special-tax year ended April 30,1883.
121
122
R E P O R T ON T H E
FINANCES.
Table I. Abstract of reports of district attorneys concerning suits and
prosecutions under the internal -revenue laws during the fiscal vear ended
J u n e 30, 1883.
Table K. Abstract of seizures of property for violation of internalrevenue laws during the fiscal year ended June 30, 1883.
CONSOLIDATION OF COLLECTION DISTRICTS.
The President, by an executive order dated June 25, 1883, directed
the consolidation of certain of the collection districts. The order was
subsequently modified on different dates. As modified it has been
fully carried into effect, except that in the State of Wisconsin (as to
which the final order of modification was not made until the 13th day
of October, 1883) Oollector Irving M. Bean, of the new first district, to
be composed of the first and third districts, has not as yet been put in
charge. So soon as his new bond is approved the consolidated district
will be formally trausferred to hira, and the executive order will have
been fully executed. A few weeks at most will suffice for this.
Before the order of June 25, 1883, was issued there were one hundred
.and twenty-six collectors and collection districts. When the work of
consolidation is completed in the Wisconsin district there will be only
eighty-three collectors and collection districts, a reduction of fortythree.
The estimated annual saving to the Government by the reduction is
$125,000.
REDUCTION OF TAXATION.
The act of March 3, 1883, diminished the sources of internal revenue
in several most important particulars. I t abolished entirely all adhesive-stamps taxation, such as were iraposed upon proprietary medicines,
bank checks, friction matches, &c., the reduction taking effect July 1,
1883. The tax on bank deposits and capital ceased at the beginning of
the present calendar yearj and the taxation on tobacco, in all its forms,
was decreased one-half on the 1st day of May last.
It is estimated that the aggregate araount of these reductions will not
be less than $43,000,000 per annura, iucluding $6,000,000 tax on the
•capital and deposits of national banks, paid directly to the Treasurer
of the United States.
While this is so, it is also estiraated that the increased revenue from
distilled spirits for the current year will so augraent receipts frora that
source as to make the aggregate receipts for this year at least $120,000,000,
should there be no further change in the internal-revenue laws.
COMPARATIVE R E C E I P T S FOR THE LAST TWO FISCAL YEARS.
The total receipts from all sources of internal-revenue taxation for
the fiscal year ended June 30, 1883, were $144,553,344.86 as compared
with $146,523,273.72 for theyear 1882, and $135,229,912.30 for the year
1881.
The following statements will exhibit detailed information of the
amount of internal revenue collected during the past year, and also for
the first three months of the present fiscal year,* of the sources from
* Heretofore the report has been delayed so as to include statistics for the month of
October in each year, bnt in view of section 196 o f t h e Revised Statutes and your letter of the lOfch ultimo, a different course is now pursued, and I include only the first
three months o f t h e current fiscal year.
COMMISSIONER OF INTERNAL
123
REVENUE.
whence the revenue is derived, of the States and districts in which the
collections during the past year were made, the cost of collection, &c.
COMPARATIVE STATEMENT OF R E C E I P T S FOR LAST TWO FISCAL YEARS.
The receipts from the several objects of taxation under the internalrevenue laws during the last two fiscal years are shown in the following
table:
Amount of tax paid during
fiscal years—
Objects of taxation
Increase.
1882.
Decrease.
1883.
SPIRITS.
Spirits distilled from fruit
Spirits distilled from grain and otlier materials
llectifiers (speciial tax) . . . . * . . . . .
Ketail liquor-dealers (special tax)
Wholesale liquor-dealers (special tax) . . .
Manufacturers of stills (special tax)
Stills or worms manufactured (special
tax)
Stamps for distilled spirits intended for
export
Inte-rest on tax upon spirits
Total
$32, 785 65
$1, 095,164 60
$1,127, 950 25
63, 683, 592 37
184, 483 67
4, 455, 355 55
439, 018 86
1,410 03
67, 957, 906 48 4, 274, 314 11
5, 316 45
189, 800 12
169, 232 22
4, 624, 587 77
16, 896 65
455, 915 51
1,160 43
$249 60
4, 783 00
4, 020 00
763 00
9, 600 10
7,434 00
64
2 166 10
64
69, 873, 408 18
74, 368, 775 20 4, 495, 367 02
18, 245, 852 37
972, 570 10
778, 650 87
25, 033, 741 97
16, 895, 215 15
929, 974 73
736, 022 82
22,136, 402 53
1,350, 637 22
42, 595 37
42, 628 05
2, 897, 339 44
6, 554 40
84, 585 63
876 00
54, 535 12
5, 678 40
30, 050 51
2, 094, 536 21
8, 762 48
143, 859 66
22, 875 22
1, 233, 812 93
5, 697 88
96, 899 00
14, 813 63
47,391,988 91
42,104, 249 79
15, 680, 678 54
195, 824 31
277,417 57
16, 426, 050 11
184, 885 49
289, 680 21
745, 371 57
16,153, 920 42
16, 900, 615 81
746, 695 39
4, 096,102 45
1,153, 070 25
4, 285 77
3, 026, 208 32
722, 003 93
782 35
1, 069, 894 13
431 066 32
3, 503 42
5, 253, 458 47
3, 748, 994 60
1, 504, 463 87
2, 318, 455 14
3, 272, 258 00
372,183 04
351, 712 80
1, 978, 395 56
199, 830 04
81, 559 00
1, 946, 272 10
2, 920, 545 20
2,186, 236 16
305, 803 57
71, 852 43
7, 850, 497 14
7, 430, 709 46
TOBACCO.
Cigars and cherootS' .
. . .
Cigarettes
Snuff
Tobacco, chewing and smoking
Stamps for tobacco, snuff, and cigars intended for export
'
Dealers in leaf-tobacco (special tax)
.
Dealers in raanufactured tobacco (speciaj
tax)
Manufacturers of tobacco (special tax) ..
Manufacturers of cigars (special tax)
Peddlers of tobacco '(special tax)
Total
860,723
3,064
46,960
8,061
28
60
66
59
5, 287, 739 12
FERMENTED LIQUORS.
Ale, beer, lager-beer, and porter
Brewers (specialtax)
•.. . .
Dealers iu malt liquors (special tax)
Total .
-
12, 262 64
10, 938 82
B A N K S AND B A N K E R S , NOT NATIONAL.
JBank. deposits .
Bank capital
Bank circulation
. .
....
Total
MISCELLANEOUS.
Bank checks
....
Friction matches
Patent medicines, perfumery, cosmetics,
&,c
i-
Penalties .i
Back taxes under renealed laws
Total
Ajiffreffate receipts
i
146, 523, 273 72 144,553, 344 86
207,840 60
105, 973 53
9 706 57
419,788 28
1,969,928 86
124
REPORT ON T H E
FINANCES.
WITHDRAWALS FOR CONSUMPTION DURING LAST TWO FISCAL YEARS»
The quantities of distilled spirits, fermented liquors, manufactured
tobacco, snuff, cigars, and cigarettes on which tax was paid duriug the
same periods are as follows :
Fiseal years ended June 30Products taxed.
Increase.
1882.
Number of gallons of spirits distUled from fruit
Number of gallons of spirits distilled from grain, molasses, and other materials
Number of cigars
Number of cigarettes
Number of pounds of snuff
Number of pounds of tobacco
Number of barrels of fermented liquors
1883.
1, 216, 850
1, 253, 278
36, 428
70, 759, 548
3, 040, 975, 395
554, 544,186
4, 866, 568
156, 458, 033
16, 952, 085
75, 508, 785
3, 227, 888, 992
640, 021, 653
5, 284, 372
165, 077,186
17, 757, 892
4, 749, 237
186,913,597
85, 477, 467
417, 804
. 8,619,153
805, 807
R E C E I P T S BY COLLECTION DISTRICTS DURING LAST FISCAL YEAR.
The following statement shows the amount of internal revenue collected and accounted for during the last fiscal year by each collector
in the several collection districts:
Collection districts.
First Alabama
Second Alabama —
Do
Arizona
Do
Arkansas
First California
Fourth California..,
Colorado..
First Connecticut-..
Second Connecticut.
Dakota
Delaware
Florida
Second Georgia
Third Georgia
Do..-.
Idaho
First Ulinois
Second Illinois
Third Illinois
Fourth Illinois
Fifthlllinois
Seventh Illinois
Eighth Illiuois
Thirteenth Blinois..
Do
First Indiana
Fourth Indiana
Sixth Indiana
Do
Seventh Indiana
Do
Tenth Indiana
Eleventh Indiana . -.
Do
Second Iowa
Third Iowa
Fourth Iowa
Fifth Iowa
Kansas
Second Kentucky-..
Do
Fifth Kentucky
Sixth Kentucky
Seventh Kentucky..
Eighth Kentucky...
Names of collectors.
Albion L. Morgan
James T. Eapier
F. M. Shouse (acting) . . .
Thomas Cordis
Silas W. Fisher
Henry M. Cooper
Chancellor Hartson
Amos L. Frost
,
James S. Wolf
Joseph Selden
David F. Hollister
Job n L. Pennington
James Mclntire
Dennis Eagan
Walter H. Johnson
Edward C. Wade
Lewis M. Pleasant
Ronello W. Berry..
Joel D. Harvey
Lucien B. Crooker
Albert Woodcock
Richard Rowett
Howard Knowles'.
John W.Hill
Jonathan Merriam
Jonathan C. Willis
Charles W. Pavey
James C. Veatch
AVill Cumback
Frederick Baggs
Horace McKay
Delos W. Mill shall
William W. Carter
George Moon
Johu F. Wildman
Thomas M. Kirkpatrick
Johu W. Greeu . . . ^
James E. Simpson
John Connell
Lampson P. Sherman . . .
John C. Carpenter
William A. Stuart
Samuel R. Crumbaugh..
Lewis Buckner
John W. Finnell
,.
Armsted M, Swope
Wiiliara J. Landram
Aggregate collections.
\ 941 26
55,s 397 50
I, 335 09
2,
81, 663 95
31,.343 77
97,,715 53
', 820 34
!, 675,
326,1, 552 80
216,1,100 47
220,I, 524 34
286,1, 466 50
86,;, 874 58
293,:, 636 48
243 ,545 33
307,,770 27
I 372 62
9,
78,;, 518 14
35,I, 079 88
1,191 79
1,119,
254,, 223 33
101,, 092 49
772,:, 861 95
;, 625 50
I, 963.
54,, 731 27
i, 936 93
., 116,
150,I, 629 73
444,,232 40
207,, 502 62
., 256 46
:, 765,
:,447 06
63,;, 898 09
662,1, 356 80
, 338,
,751 79
297,i, 635 46
166,», 376 34
60,I, 495 23
30,!, 378 77
292,•,913 67
299,, 513 93
147,!, 913 70
t, 322,
I, 762 97
239,,096 47
227,;, 560 68
,308,', 781 73
', 550,
<, 345 17
;, 835,
,863 32
, 973,
, 889 19
301,
COMMISSIONER OF INTERNAL REVENUE.
Collection districts.
.Ninth Kentucky
Louisiana
Do
Maine
Third Maryland
Do
Do
Fourth Maryland
Third Massachusetts
Fifth Massachusetts
Tenth Massachusetts
First Michigan
Do
Third Michigan
Fourth Michigan
Do
Sixth Michigan
First Minnesota
Second Minnesota
Mississippi
First Missouri
Second Missouri
Fourth Missouri
^
Fifth Missouri
Sixth Missouri
Montana
Nebraska
Do
Nevada
New Hampshire
First New Jersey
Third New Jersey
Fifth New Jersey
New Mexico
First New York
Second New York
Third New York
,
Do
Eleventh New York
Twelfth New York
,
Fourteenth New York
,
Do
Fifteenth New York
. Do....
,
Twenty-first New York
i)o
Twenty-fourth New York . . .
Twenty-sixth New York
Twenty-eighth New York
Thirtieth New York
Second North Carolina
Fourth North Carolina
Fifth North Carolina
Sixth North Carolina
FirstOhio
Do
Third Ohio
Fourth Ohio
Sixth Ohio
,
Seventh Ohio
Tenth Ohio
Do
Eleventh Ohio
Fifteenth Ohio
Eighteenth Ohio
Oregon
,
First Pennsylvania
,
Eighth Pennsylvania
Ninth Pennsylvania
Twelfth Pennsylvania
Fourteenth Pennsylvania
Sixteenth Pennsylvania
Nineteenth Pennsylvania
Twentieth Pennsylvania
Twenty-second Pennsylvania
Twenty-third Pennsylvania .
Rhode Island
South Carolina
Second Tennessee
Fifth Tennessee
Do
Eighth Tennessee
^..
Names of collectors.
John E. Blaine
Morris Marks
George Drury
Frankliu J. Rollins
Robert M. Proud
C. Irving Ditty
John H. Sellman
Webster Bruce
Charles W. Slack
Charles C. Dame
Edward R. Tinker
Luther S. Trowbridge —
James H. Stone
Harvey B. Rowlson
Sluman S. Bailey
Charles W. Watkins . . . .
Henry C. Ripley
Albert C. Wedge
William Bickel
James Hill
Isaac H. Sturgeon
Alonzo B. Carroll
David A. Stewart
Bryan H, Langston
Philip Doppler
Thomas P. Fuller.
Lorenzo Crounse
(jeorge W. Post
—
Frederick C. Lord
Henry M, Putney
William P. Tatem . . . . . . . .
Culver Barcalow
Robert B. Hathom
Gustavus A. Smith
Rodney C. Ward
Marshall B. Blake
Max Weber
Morris Friedsam
Moses D. Stivers
Jason M. Jolmson
Ralph P. Lathrop
James W. Bentley
Thomas Stevenson
James S. Smart
James C. P. Kincaid
James Armstrong
James Chiverton (acting)
John N. Knapp
Benjamin De voe
Henry S. Pierce
Frederick Buell
Elihu A. White
Isaac J. Young
George B. Everitt
Thomas N. Cooper
William H. Taft
Clark B. Montgomery
Robert Williams, j r
Robert P. Kennedy
George P. Dunham
Charles C. Walcutt
Clark Waggoner
John F. Kumber
Marcus Boggs
Jewett Palmer
Worthy S. Streator
John C. Cartwright
William J . Pollock
Joseph T. Valentine
Andrew J. Kauffman
Edward H. Chase
Charles J. Bruner
Edward Scull
Charles M. Lynch
James C. Brown
Frank P. Case
Samuel M. Jackson
Elisha H. Rh odes . . . .
Ellery M. Brayton
James M. Melton
William'M. Woodcock...
Archelaus M. Hughes
Robert F. Patterson
125
Aggregate collections.
$189, 541 07
510, 469 31
228, 197 15
72, 893 32
452, 917 01
2, 632,527 97
204, 517 75
139, 190 01
1, 508,116 79
861, 060 58
384, 484 60
940, 967 72
310, 441 80
244, 970 27
25, 990 59
143, 921 96
216, 159 35
117, 842 58
417, 619 38
60, 479 64
6, 200,677 64
60, 286 65
388, 953 87
131, 482 26
899, 010 98
75, 542 81
940, 795 12
379, 722 12
40, 870 72
352, 998 08
275, 723 41
486, 631 30
4, 662,103 07
54, 037 46
2, 802,941 66
3, 024,441 53
5,122, 133 14
1, 613,796 53
169, 700 96
590, 564 93
103, 070 76
487, 606 63
215, 076 01
121, 756 03
39, 393 01
285, 924 01
35, 628 60
524, 134 99
409, 330 71
1, 079,296 23
1, 342,391 27
65, 319 36
865, 952 10
988, 991 35
456, 864 16
7, 699,466 14
2, 878,061 58
1, 555,836 26
181, 759 25
443, 683 26
673, 466 44
64, 583 05
618, 321 68
519, 923 73
169, 435 60
899, 510 83
101, 450 73
2,824, 875 99
675, 254 77
1,340, 739 84
417, 151 81
252, 387 47
248, 455 24
123, 310 67
82, 713 35
1, 854,674 01
884, 116 08
395, 319 42
117, 092 80
119, 241 32
03
122, 897
382 82
856, 369 12
75,
126
REPORT ON T H E
Collection districts.
First Texas
Third Texas
Fourth Texas
Utah
Vermont
Second Virginia
Third Virginia
Fourth Virginia
Do
.
Fifth Virginia
Sixth Virginia
Washington
First West Virginia
Second West Virginia
First Wisconsin
Second Wisconsin
Third Wisconsin
Sixth W^isconsin
Wyoming
FINANCES.
Names of collectors.
Aggregate collections.
Wiiliara H. Sinclair
William Umbdenstock
Ovando J Hollister
John C. Stearns
.........
James D. Brady . . . . . . . . . .
Otis H. Russell
William L. Fernald
John B. Raulston
J. Henry Rives
Beverly B. Botts
. . . . . . . . . James R. fiayden .
Isaac H. Duval
Francis H. Pierpont
Irving M. Bean
.
.
Henry Harnden
Howard M. Kutchin
.
. Leonard Lottridge
....
Edgar P. Snow...
:
$77, 010 90
79,510 74
107,128 97
53, 895 18
46, 062 27
768,141 62
1, 699, 837 83
837, 736 70
272, 002 67
1,297,237 79
203, 239 74
49, 207 54
335, 407 57
211 075 92
2, 535, 264 81
193 820 09278, 364 03
190 050 IQ
17, 434 54
.
Total from collectors
Cash receipts from sale of adhesive stamps .
Aggregate receipts
137, 500, 291 40
7, 053, 053 46
:
144, 553, 344 86
R E C E I P T S FOR F I R S T T H R E E MONTHS OF P R E S E N T FISCAL YEAR.
The following table shows the receipts from the several objects of
taxation for the first quarter of the fiscal years 1883 and 1884. A comparison ofthe receipts for the two periods is also given:
Amount of tax paid during first
three months of fiscal years—
Objects of taxation.
Increase.
1883.
Spirits distilled from fruit
Spirits distilled from grain and other materials
Rectifiers (special tax)
Retail liquor-dealers (special tax)
Wholesale liquor-dealers (special tax)
Manufacturers of stills (special tax)
Stills or worms manufactured (specialtax)
Stamps for distilled spirits intended for export
Total
$196, 083 02
15,917,242 33'
12, 562 55
294, 498 12
22, 600 10
325 00
1, 340 00
395 70
16, 445, 046 82
Decrease.
1884.
$202, 617 58
$6, 534 56
17, 255, 430 88 1, 338,188 55
6, 989 57
280, 897 50
24, 721 44
2,121 34
445 83
120 83
880 00
1,274 60
$5,572 98
13, 600 62
460 00
878 90
17, 773, 257 40 1, 328, 210 58
TOBACCO.
Cigars and cheroots
Cigarettes
•
Snuff
Tobacco, chewing and smoking
Stamps for tobacco, snuft', and cigars intended for export
Dealers in leaf tobacco (special tax)
...
Dealers in manufactured tobacco (special
tax
Manufacturers of tobacco (special tax) . . .
Manufacturers of cigars (special tax)
Peddlers of tobacco, (special tax)
Total
5,150, 446 39
299,164 84
211, 936 11
6, 877, 927 36
2, 740, 236 71
110, 328 21
111, 008 31
3, 402, 406 43
2, 410, 209
188, 836
100, 927
3, 475, 520
876 00
3, 595 81
2, 360 49
876 00
1, 235 32
152, 784 31
279 20
5, 111 16
1, 873 43
85, 699 51
194 00
3, 833 72
1,453 05
67, 084 80
vs 85 20
1, 277 44
420 38
12, 703, 994 61
6, 457, 520 43
6, 246, 474 18
4,925,918 03
3, 500 00
35, 883 49
5, 216, 548 38
3, 825 03
34, 232 17
290, 630 35
325 03
4, 965, 301 52
5, 254, 605 58
289, 304 06
F E R M E N T E D LIQUORS.
Ale, beer, lager-beer, and porter
Brewers (special tax)
Dealers in malt liquors (special tax)
Tota.
68
63
80
93
...
COMMISSIONER OF INTERNAL
127
REVENUE.
Amount of tax paid during first
three months of fiscal years—
Objects of taxation.
Increase.
1883.
-^'*
Decrease.
1884.
BANKS AND B A N K E R S NOT NATIONAL.
$824,177 32
232, 409 80
18 27
Bank deposits
Bank capital
Bank circulation
Total
. . . .
$447 54
810 07
213 23 " " " $i94'96
1, 056, 605 39
1, 470 84
2,355,857 15
4, 379 83
66, 394 88
52, 530 32
63, 213 44
68, 580 50
$823, 729 78
231, 599 73
1, 055,134 55
MISCELLANEOUS.
Bank checks, friction matches, patent medicines, &c. (repealed July 1, 1883)
Other back taxes under repealed laws
Penalties
.
Total
. . ..".
2, 303, 326 83
2, 426, 631 86
184, 324 26
2, 242, 307 60
37, 597, 580 20
29, 671,178 51
7, 926, 401 69
•
Aggregate receipts . . . . .
58, 833 61
2,185 62
COST OF COLLECTION.
The cost of collection for the past fiscal year, distributed among the
different iteras of appropriation, was approxiraately as follows:
For saLa,ries and expenses of collectors, including pay of deputy collectors, clerks, &c
f l , 974, 000
For salaries and expenses of revenue agents, surveyors of distilleries,
gaugers, storekeepers, and miscellaneous expenses
*2,288 667
For stamps, paper and d i e s . . .^.
495 000
For expenses of detecting and punishing violations of internal-revenue
laws
61,275
For salaries of officers, clerks, and employes in the office of Commissioner of Internal Revenue
294, 792
Total
•
00
12
00
29
47
5,113,734 88
The total expenses (including the expenses of this office) will be found,
on final adjustraent, to be about 3Jper cent, on the araount collected.
GENERAL CONDITION OF THE SERVICE.
I ara gratified to be able to state that the condition of the service i
good. Indeed, in the main, it is excellent. In one or two localities
there are some things to be corrected in the manner of administration,
but these are not of very great moment, and it is thought all cause of
complaint will soon disappear. I allude in this mainly to the fifth and
sixth districts of Korth Carolina, where some abuses of long standing
are, it is hoped, being gradually removed.
The thanks of the Oomraissioner are justly due to the officers of the
internal revenue, generally, for their zeal and efficiency.
I should also express my high appreciation of the very valuable aid
rendered this Bureau by many of the United States district attorneys
and marshals throughout the country.
Ko extensive frauds are being perpetrated upon the Government by
persons required to pay internal revenue taxes. While it is as irapossible in this branch of the public service as in any other entirely to prevent violations and evasions of the law, still it is confidently believed
*This item is liable to be slightly increased by the payment of a few accounts not
y e t adjusted.
128
REPORT ON THE FINANCES.
- —/
. •
I
that these violations are neither very frequent nor very injurious to the \
revenue.
v
Evidence accumulates daily that even in those portions of the coun- (
try where at one period it was not regarded as disreputable to resort
\
to any device to defeat the collection of internal revenue, there is a
healthy change of public sentiment, and it is not difficult to secure the*
conviction of the guilty.
I am well satisfied that no extensive organization exists, anywhere in
the country, whose object is to defraud the Government of its internal
revenue. While these general statements are true, it is equally true
that not only have persons been guilty of misderaeanors, but they have
not hesitated to coramit the gravest criraes in resisting the internal
revenue officers in their efforts to discharge their duties. A case in
point was the murder of Deputy Oollector Henry F. Walker, who was
shot and killed by David Fraley in Stanley Oounty, North Oarolina,
February 10, 1883, while attempting to seize a distillery illicitly operated. This office has used every exertion to aid the district attorney
in prosecuting this case, and it is expected that when it comes to trial
the result will be the conviction of the prisoner, Fraley, of willful
murder.
STATUTE OF LIMITATIONS.
I respectfully suggest that Oongress be requested to enact a statute
fixing tlie limitation for the prosecution of offenses against the revenue
laws at a much less period than five years, as now provided by law,
except in cases where the accused places himself beyond thejurisdiction of the court of the district where the offense was committed. I am
informed by judges of the United States district courts that in nearly
every instance where a conviction has been secured the offense was
committed within two years before the indictment was found. Oases
older than two years are almost invariably lost by the Government.
I t is also very difficult in such cases to prevent abuses whereby the
costs of prosecution are increased, and, ultimately, the ends of justice
defeated. I am of the opinion that a shorter period of limitation would
be much better in many ways and greatly lessen the expense of such
prosecutions to the Government. Indeed, I have been strongly urged
to recommend a proclamation of general amnesty to all persons who
have retailed distilled spirits without the payraent of a special tax, and
to all persons who have operated small distilleries without registering
the sarae, and complying with other laws and regulations. This view
is urged by its advocates upon the ground that a large number of those
thus engaged are desirous of abandoning their unlawful practices, but,
having long been violators of the law, they see no special inducement
to leave off' if, at any time, they are to be arrested for what was done
withiii five years.
These views are especially urged upon this office as applying to operations of small distillers in inaccessible mountain regions, in various
States, where the quantity of spirits made is very small.
OPERATION OF T H E INTERNAL-REVENUE LAWS IN THE INDIAN TERRITORY.
A question of much iraportance has corae up since the 30th of June
last, which I hope will not be regarded as out of place if raentioned
here. I t was, probably, best explained in a letter I had the honor to
address you on September 10, 1883, the material parts of which I take
COMMISSIONER OF INTERNAL REVENUE.
129
the liberty of embodying in this report, so that the subject may receive
such recomraendation or action as may be deemed advisable by you.
That letter was ais follows:
TEEASURY DEPARTMENT,
O F F I C E OF INTERNAL R E V E N U E ,
Washington, September 10, 1883.
S I R : Under date of July 28, 1883, J o h n C. Carpenter, esq., collector of infernal
revenue for the district of Kansas, referred to this office, for action and instruction, a
letter from his deputy,i W. H. Guy, dated at Vinita, Indian Territory, July 27, 1883,
in which it was stated, in substance, t h a t while visi ing the Indian Territory, on the
23d day of July, 1883, ^'to see if the internal-revenue laws were properly observed,''
he was grossly insulted by Mr. Overton, the governor of the Chickasaw Nation, at
Tishimingo, the capital of t h a t nation, being denounced and told by the governor t h a t
he should not collect auother dollar of interual revenue in t h a t nation. This was
done in the presence of several persons, aud threateningly repeated.
The statement thus made and reported to the collector, has raised interesting questions and has caused me to very carefully consider whether the internal-revenne laws
have any force in the Indian Territory, and especially whether as the President has
never attached ii to a coUeciion disirict, a depxiiy coUecior has any authority to attempt or
any protection while attempting to execute the law and collect internal-revenue taxes
in the Indian Territory.
In 1870, Elias C. Boudinot, a Cherokee Indian, was conducting the manufacture of
tobacco inside the boundary of the Cherokee Nation, without haviug complied with
any of th,e requirements of the internal-revenue laws. Acting upon the assumption
t h a t the internal-revenue laws extended over the Indian Territory, Federal officers
seized the establishment of Boudinot, and the tobacco found upon the premiises, and
t h e same were libeled in the district court of the United States for the western district of Arkansas, and upon the trial of the case, and the claim of Boudinot filed
therein, it was adjudged t h a t they were subject to seizure for violation of the laws of
t h e United States, and the whole property was conderaned and sold accordingly. The
elaborate opinion of Caldwell, district judge, in that case, is reported in 13th Internal
Eevenue Record, page 91.
Upon an appeal to the Supreme Court, the judgraent of the district court v^as
affirmed, in the case of the Cherokee Tobacco (11 Wallace, 616). But in the opinion
of the Supreme Court in the,case of the United States -ys. Forty-three Gallons of
Whisky, and other Property, et alias, decided May 7, 1883, and reported in 29th Internal
Revenue Record, page 188, the court held, among other things, t h a t 'Hhe laws of
Congress are always to be construed so as to conform to the provisions of a treaty^ if
i t be possible to do so without violence to their language," and at the close of the
opinion the court said t h a t " t h e case of the Cherokee Tobacco Tax (11 Wallace, 616)
cannot be treated as autnority against the conclusion we have reached. The decision
only disposed of t h a t case, as three of the judges of the court did not sit in it, and
two dissented from the judgment pronounced by the other four."
The opinion o f t h e court in the case iu 11 Wallace was probably further discredited
by the act of Congress to permit Elias C. Boudinot, o f t h e Cherokee Nation, to sue in
t h e Court of Claims (approved June 4, 1880), in which it is recited that it manifestly
appears t h a t a wrong has been done to the said Elias C. Boudinot in consequence of
t h e casual infraction of the treaty with the Cherokee Nation. Under t h a t act Boudinot sued the United States iu the Court of Claims and recovered the sum of $3,272.25,
the value of the property seized and sold under the judgment in the case of the Cher^
okee Tobacco, and expenses incurred in t h a t litigation.
You will observe t h a t the issue in the Cherokee Tobacco case was whether the internal-revenue laws as enacted by Congress abrogated the t e n t h article o f t h e treaty
with the Cherokee Nation of Indians (14 Stat, at L., 799), which reads as follows:
" E v e r y Cherokee and freed person, resident in the Cherokee Nation, shall have t h e
right to sell any products of his farm, including his or her live stock, or any merchandise or manufactured products, and to ship and drive the same to market without restraint, paying any tax which is now or may be levied by the United States on
any quantity sold outside of the ludian Territory."
I t was contended t h a t section 3448 of the Revised Statutes, as now numbered, which
reads as follows: " T h e internal-revenue laws imposing taxes on distilled spirits, fermented liquors, tobacco, snuff, and cigars, shall be held to extend to such articles
produced anywhere within the exterior boundaries o f t h e United States, whether the
same be within a collection district or not," did, pro tanto, abrogate the treaty with the
Cherokee Nation, and in 11 Wallace the court seemed so to hold.
However, in view o f t h e almost explicit renunciation by the Supreme Court in the
case cited from the 29th volume of the Internal Revenue Record, page 188, of the
doctrine of the case of the Cherokee Tobacco (11 Wallace, 616), it seems to me,
with all submissiou, t h a t the correct doctrine is t h a t the internal-revenue laws of
3780 F
9
130
REPORT ON T H E
FINANCES.
t h e United States should not be construed to extend over the Indian Territory unless
the words of those laws very explicitly require such a construction.
The provisions of the treaty with the Chickasaw Nation are not, in terms, precisely the same as those of the treaty with the Cherokee Nation, yet, for the purposes
of this letter I assume t h a t they are substantially similar, and that there are similar
treaty provisions with nearly if not quite all of the Indian tribes. The treaty with
the Chickasaws may be found in the 14 Stats, at Large, page 779.
The poxver of Congress to legislate for the Indian Territory and tribes is probably no
longer disputable any more than is its poxver to abrogate or disregard a treaty with an
Indian tribe (Cherokee Nation vs. Georgia, 5 Peters 17); United States vs. Rodgers
(4 Howard, 572); Johnson vs. Mcintosh (8 Wheaton, 574); Mackey vs. Cox (18 Howard, 103); Worcester vs. State of Georgia (6 Peters, 515); United States vs. HoUiday
(3 Wallace, 409) ; United States vs. Forty-three Gallons Whisky (93 U. S., 192).
But while this is so, it seems to me t h a t nothing but the clearest expression of Congressional intention will authorize the construction of any law in such a way as to
violate the solemn provisions of a treaty with any Indian tribe, nor does it seem to me
t h a t a less explicit expression by Congress should authorize the conclusion t h a t it
meant the provisions of the internal-revenue laws to extend over the IxidianTeriitoTy.
i t i s a well-understood rule of construction in England t h a t while the general words
of a statute may seem to embrace a British colony, the courts will limit the words to
the United Kingdom unless the language expressly requires a different construction.
The Indian tribes have no voice in the making of our laws, but, on the contrary,
have at least a quasi autonomy of their own, and it would seem t h a t nothing short of
express words should give our genex^al laws any force in the Indian Territoiy.
It is true t h a t the United States courts for the western district of Arkansas try and
punish certain offenses committed in the Indian Territory, but this does not violate
any treaty, and is pursuant to the plainest possible statutory provision. Furthermore, it would seem t h a t the argument, that but for such construction as was adopted
in the Cherokee Tobacco case, frauds could be easily committed, is one to be addressed
to Congress rather than to the judicial or executive branches ofthe Government.
With these principles in view, if we are at liberty to construe the internal-revenue
laws m^jari materia with t h e provisions o f t h e treaty with the Cherokee Nation, and
with similar provisions in the treaties with other Indian tribes, very many difficulties
do not seem to exist. Even without the annexation of t h e Indian Territory to any
of the collection districts the Commissioner of In ternal Revenue might,,probably, make
such regulations as would secure the collection of the proper taxes upou all articles
manufactured in t h a t Territory, which might be sold in the United States. This
might be done under the j)rovisions of section 3447 of the Revised Statutes, w^hich
reads as follows:
"Whenever the mode or time of assessing or collecting any t a x which is imposed is
not provided for, the Commissioner of Internal Revenue mg^y establish t h e same by
regulation. He may also make all such regulations, not otherwise providedfor, as
may have become hecessary by reason of any alteration of law in relation to internal
revenue."
We probably might, under the provision of this statute, provide a way for selling
the necessary stamps to persons.not Indians, who might attempt to manufacture tobacco, snuff', or cigars within the limits ofthe Indian Territory, and if the provisions
of the law just quoted are not ample, Congress might be requested to legislate further
upon the subject.
If, however, the President has the lawful power to attach the Indian Territory to a
collection district, the internal-revenue laws might be given full operation in that
Territory desiDite the irritation which this might produce, and we would strive to collect the revenue and keej) the necessary watch over the Territory to prevent the
Uuited States being defrauded.
A difficult case to provide against, if the President has not the power to attach
the Territory to a collection district, is where a citizen of theUnited States attempts
to manufacture articles upon which internal-revenue taxes are levied, within the limits
of the Indian Territoiy, and thereby avoid the payment of internal-revenue taxes. I t
would seem t h a t there ought to be some way to prevent snch an evasion of law as
that, but in view of the state of legislation upon the subject, and of the apparentlyconflicting opinions of the Supreme Court, I deem it my duty to call your attention
to the whole subject, so that if you should have any doubts upon the law you can ask
the opinion o f t h e Hon. A ttorney-General regarding it.
I have the honor to append hereto a brief prepared in the office of the Solicitor for
this Bureau which will enable you to find in a small compass a statement of the various statutory provisions, and an abstract of the decisions of the courts in the premises. It also embraces the orders made by my predecessors, under which the internal-revenue taxes "in the Indiau Territory have, to some extent, been collected.
In w h a t I have said I have not been unmindful t h a t the words of the statute
(section 3448), which extend the Internal revenue laws to all articles named
COMMISSIONER OF INTERNAL REVENUE.
131
thereiu "produced anywhere ivithin the exterior boundaries of the United States" are
those which have created the difficulties of construction, but there would seem to be
•other reasons aside from the rules of construction alluded to, and the improbability
of an intention on the part of Congress to override a treaty stipulation, which might
raise doubts as to whether Congress had in contemplation the Indian Territory in the
iuse of such language.
Our own territories, some of w^hich had not organized territorial governments,
might be supposed to have originally suggested such general words. At all events, I
•cannot su])press a belief that Congress probably did not mean to exercise its power
arbitrarily and set aside a treaty provision with a people weak, it is true, b u t with
whom the Government had in fact dealt as having, at least, the power to make an
agreement.
I believe it is not to be lightly assumed t h a t Congress would arbitrarily destroy
t h a t agreement without the consent of the tribes and without giving them any notice.
The case of the United States vs. Forty-three Gallons of Whisky had been before
t h e Supreme Court before it was there in 1883,- and I venture to call your special attention to the first decision of that case and to the opinion of the court therein as reported in 93 U. S., 188.
*
*
*
i
f
*
it-
. •» '
.
Hoping t h a t I have not exaggerated the importance of the subject-matter of tbis
letter, and awaiting your advice in the premises,
I am, Mr. Secretary, very respectfully,
WALTER EVANS,
Commissioner,
Hon.
CHARLES J.
FOLGER,
Secretary of the Treasury.
MISCELLANEOUS EXPENSES.
The act of Oongress approved August 7,1882, making provision for
sundry civil expenses for the year ending June 30, 1883, required the
Commissioner of Internal Kevenue to make a detailed statement of all
miscellaneous expenditures in the Bureau of Internal Eevenue, for which
.appropriation was made in tliat act. In accordance with the aforesaid
requirement, I submit the following detailed statement of miscellaneous
•expenses incurred:
Express on public money, &c
$6,789
Stationery for internal-revenue officers
^
i6, 326
Internal Revenue Record for internal-revenue officers
2,410
Telegraphing
"" 1,114
Compensation of United States attorneys in internal-revenue cases, under
sections 827 and 838, Revised Statutes
5,033
.Locks for distilleries
,
3,080
Hydrometers for use in gauging spirits ,
7,630
•Gauging-rods for standard-tests, gauging, &c
115
Alcohol for scientific tests, and expenses
254
Expense of seizure and sales by collectors
143
'Traveling expenses of clerks under special orders of the Department
1,279
.Rent of offices leased by the Secretary of the Treasury in New York City for
the collector of the second district
5,000
Dies for canceling tobacco stamps
666
Federal Reporter and Postal Guide
11
Total
50
63
70
10
49
58
80
50
20
10
20
00
30
30
49,875 40
REVENUE AGENTS' DIVISION.
The following statements will show the salaries and expenses of rev-enue agents, expenditures from the appropriation for the discovery of
violations of internal revenue laws, illicit stills seized, persons arrested
for illicit distilling, casualties to officers and employes in the internalrevenue service, and stateraent of ordnance and ordnance stores issued
to collectors, also a brief stateraent of the work performed by agents.
Thirty-five revenue agents have been employed during the past year,
one as chief of division in this office, twenty-one in charge of divisions,
132
REPORT
ON T H E
FINANCES.
four employed in examining collectors' accounts, and nine in assistingagents in charge of divisions.
Nine hundred and twenty-seven violations of law have been reported
by revenue agents during the year, four hundred and forty-six persons
have been arrested on their information, property to the value of
$91,401.16 has been reported by thera for seizure, and for assessraent for
uni)aid taxes, and penalties $294,912.15 has been reported by them.
Thirty-seven railroad and income cases for collection of back taxes
under laws repealed have been examined by agents under special assignment. The araount of taxes received frora railroad cases during
the last fiscal year, which had been exarained and reported upon by
agents in previous years, is $161,042.07. But few of this class of cases^
now remain undisposed of. All the claims against railroad corporations, with one exception, are now in suit.
There has been expended from the appropriation for salaries and expenses of revenue agents during the year, as follows:
Aggregate salary of agents
$83,997 00Aggregate amount for t r a v e l i n g expenses
1..
41,882 2&
Stationery furnished agents
•.
292 07
Transportation over Pacific railroads under orders from Treasury Department
:
1,223 55Total
127.394 88
E X P E N D I T U R E S FOR T H E DISCOVERY AND P U N I S H M E N T
OF F R A U D .
In accordance with the provisions of the act making the appropriation, the following detailed statement of expenditures from the appropriation for detecting and bringing to trial and punishment persons
guilty of violating the internal-revenue laws is submitted:
AMOUNTS E X P E N D E D through COLLECTOBS of I N T E B N A L B E V E N U E .
Names.
Brady, J . D
Brayton, E . M
Buckner, Lewis . . .
Bott8. B. B
Blaine, J . E
Crumbaugh, S. B . .
Cooper, T. N
Cooper, H . M
Doppler, P
Everitt, George B .
Fernald, W . L
Frost, A . L
Hughes,A.M.,jr .
Hartson, C
Johnson, W. H
Landram, W . J
Langston, B. H
Morgan, A. L
Melton, J . M
Marks, M
Patterson, R. M . . .
Pleasant, L. M
Pollock, W. J
Rapier, J. T
Rives, J. H
Stuart, D. A
Stevenson, T
Soull.E.
Stearns, J . C
Valentine, J. T
Young, I. J
Total .
District.
Second Virginia
South Carolina
Fifth Kentucky
Sixth Virginia
•
Ninth Kentucky
Second Kentucky...
Sixth North Carblina . . .
Arkansas
Sixth Missouri
Fifth North Caroliua . . .
Fourth Virgiuia
Fourth California
Fifth Tennessee
,
First Calif ora ia
Second Georgia
Eighth Kentucky
Fifth Missouri
First Alabama
Second Tennessee
Louisiana
,
Eighth Tennessee
Third Georgia
First Pennsylvania
Second Alabama
,
Fifth Virginia
,
Fourth Missouri
Fifteenth New York
Sixteenth Peunsylvania.
Vermont
,
Eighth Pennsylvania
Fourth North Carolina .,
Amount,.
043 00
251 75
248 OO
149 8a
141 00
585 64
548 00
119 00
281 82
691 00
200 00
511 00
152 85
223 50
237 25
107 21
227 10
112 00
506 20
110 00
177 50
486 25.
122 00
336 30
249 26
169 10
9 OO
8 00
7 00
150 00
988 00
23,148 5a
COMMISSIONER OF INTERNAL
133
REVENUE.
Amount expended for like purposes through revenue agents, as follows:
Amount.
Brooks, A . H
€hapman, W . H
Crane, A. M
Eldridge, C . W
^Grimeson, T . J
Harrison, C B . . .
Kinney, T . J
Kellogg, H
Knight, A. A
McLeer, E
Neustadtl, F, S
Packard, J
Plummer, S
Powers, T
Raum, J . M
Sewall, F . D
Somerville, William
Spaulding, D . D
Thrasher, L . A
Tracie, T.C
Webster, E . D
Wagner, J
Wilsou, G.W
$7,850 67
811 41
817 82
252 00
1,967 73
473 90
3,930 05
1,072 22
251 60
284 69
143 50
234 28
632 08
.389 13
3 554 50
16 87
2,990 41
917 34
1,859 49
4,435 76
^55 00
1,163 77
164 80
'.
'.
Total
34,469 02
Amount expended by collectors
Amount expended by revenue agents
Rewards uuder Circular No. 99
Eewards under circular of March 10, 1875
Miscellaueous
23,148
34,469
3,072
50
534
Total
53
02
76
00
98
61,275 29
The accounts for expenditures under this appropriation are rendered
monthly with an itemized statemeut, and in all cases supported by subvouchers duly sworn to. These accounts pass through all the accounting
offices of the Treasury Department, and are filed in the Eegister's Office.
There is in the hands of collectors and others, for the enforcement
of the laws, the following-described ordnance, for which they are responsible:
0
1
00
©
d
1
8
Names.
t
Districts.
II
•
cfl
bfl
fl
bfi
•James T. Rapier
•Dennis Eagan
-..
W. H. Johnson
Ii. M. Pleasant
Morris Marks
I.J.Young.'
George B. Everitt
T. N. Cooper
E. M. Brayton
J . M. Melton
A. M. Hughes, jr
R. F. Patterson
J . H. Rives
F H Pierpont
Jacob Wagner revenue agent
T. C. Tracie revenue agent
Total
Second Alabama
Florida .:
Second Georgia
Third Georgia
Louisiana
Fourth North Carolina..
Fifth North Carblina . . .
Sixth North Carolina . . .
South Carolina
Second Teunessee
Fifth Tennessee
Eighth Tennessee
Fifth Virginia
Second West Virginia ..
8
......
8
1
1
i.2 i
0
1
0
fi
•s
a
'C
6
5
59
12
6
10 ' " " 2
11
8
2
13
10
3
2
24
1
6
1
1
12
188 I
Qi
8.
•su
.§
SD
|i
1
ft
i
i
'pi
27
27
2
6
10
13
1
8
1
1
2
4
53 1 3
1 •
45
1
3
134
REPORT ON T H E
FINANCES.
OPERATIONS AGAINST I L L I C I T D I S T I L L E R S .
The following statement shows the number of illicit stills seized, persons arrested, and officers and employes killed duriug the last fiscal
year:
Number
of stills
seized.
Districts.
First Alabama
Second Alabama
District of Arkansas
First California .
District of Florida
.
Second Georgia i
Third Georgia
:
Fourth Illinois
Thirteenth Illinois
Second Kentucky .
Fifth Kentucky
Eighth Kentucky
Ninth Kentucky
Tenth Massachusetts
District of Mississippi
Second Missouri
Sixth Missouri .
Third New York
Fourth North Carolina
Fifth North Carolina
Sixth North Carolina
Sixteenth Pennsylvania
Twenty-second Pennsylvania
District of South Carolina
Second Tennessee
Fifth Tennessee
Eighth Tennessee.
Fourth Texas
District of Utah
District of Veimont
Fourth Virginia
Fifth Virginia
First West Virginia
Sixth Wisconsin
Total
i
.
•.
. . .
......
...
. .
. .
. . . .
.
.
.
.
4
13
2
1
2
124
12
2
4
2
4
29
8
1
2
1
2
3
12
28
55
1
49
8
12
2
1
1
1
10
Number
Oflficers or
of persons employes
arrested.
kfllecl.
14
85
7
2
874
2
2
4
1
3
9
1
2
1
2
2
10
4
1
1
45
532
7
.3
2
19
1
1
397
1,635
1
There has been generally throughout the country little disposition to
evade the payment of internal-revenue taxes. On the contrary, there
has been evinced by the great body of tax-payers a willing obedience
to the laws. There has been no relaxation on the part of officers to*
secure the close and faithful collection of the taxes.
In portions of the country, notably in the more remote and sparselysettled districts of the Southern States, within a few years, the production of and traffic in illicit spirits and tobacco have prevailed to
a great extent. In some districts formidable corabinations existed
to resist the collection of taxes, and the authority of the Governraent
was openly defied. The enforcement of the laws was attended with
great difficulty, and not unfrequently with loss of life to the officers*
The policy adopted to execute the laws firmly and vigorously, but impartially, and in as conciliatory a manner as possible, has brought about
a better public sentiment, and a decided improvement in the condition
of aft'airs in this respect in the localities referred to.
By reference to the reports of former years it will be seen that illicit
distillation in the country has been greatly reduced within five.years.
The report of the last fiscal year encourages me to believe that by con->
tinuing the firra, energetic, and impartial enforcement of the laws which
now prevails, with such leniency to offenders as circumstances may
seem to justify, this great evil may be further reduced. It is too much
to expect that it can ever be wholly eradicated.
COMMISSIONER OF INTERNAL
135
REVENUE.
Below will be found a statement of the number of stills seized and
casualties to officers and employes engaged in the suppression ot illicit
distillation for the last five years:
s t i l l s seized
Oflficers a n d e m p l o y e s k i l l e d . . .
Ofl&cers a n d e m p l o y e s w o u n d e d
1882.
1878.
1879.
1880.
1881.
1,024
1,319
969
3
7
756
1
9
8
17
7
19"
464
4
1
The report for the last fiscal year, which is erabraced in table on
page 134, shows that 397 stills were seized, and that there was but one
casualty to eraploy^s.
OFFERS IN COMPROMISE.
The following stateraent shows the nuraber of offers received and
accepted in corapromise cases for the fiscal year ended June 30, 1883,
with araount of tax, assessed penalty, and specific penalty accepted, as
provided under section 3229^ Kevised Statutes :
Compromise
offers.
o fl
Months.
Total.
43 ®
a"
^
July
$4,211
1, 323
2,134
148
4, 000
58,009
5, 511
1, 508
4, 249
51, 628
16, 600
52, 346
A.ugust.. - September.
October
November .
December .
January ...
February..
March
April
M^ay . . .
June
Total.
651
610
21
75
96
25
00
77
48
87
08
92
78
11
201, 673 18
•
$3
67
71
38
66
50
66
30
32
40
95
100
17
62
50
00
00
00
34
50
528 46
$4, 788 85
3, 537 50
5, 027 10
927 20
128 75
4, 788 44
2, 981 97
1,775 15
1, 332 50
21, 561 10
2,159 08
868 50
$9, 003 72
4,928 75
7, 233 72
1,113 75
4,128 75
62, 830 71
8, 533 45
3, 379 02
5,681 58
73, 207 36
18, 822 36
53, 214 61
49, 876 14
252, 077 78
W h o l e n u m b e r of offers r e c e i v e d
W h o l e n u m b e r of offers a c c e p t e d
A m o u n t of t a x a c c e p t e d
A r a o u n t of a s s e s s e d p e n a l t y fixed b y l a w
A m o u n t of specific p e n a l t i e s in l i e u o t fines, f o r f e i t u r e s , a n d p e n a l t i e s .
Total
651
610
$201, 673 18
528 46
49,876 14
.:
252,077 78
ABSTRACT OF S E I Z U R E S .
Seizures of property for violation of internal-revenue laws duriug the
fiscal year ended June 30, 1883, were as follows:
41,909 gallons of distilled spirits, yalued a t . . . . . .
60,653 pounds of tohacco, valued at
524,441 cigars, valued at
Miscellaneous property, valued a t
Total...
$26,706
5,040
3,537
86,113
12
75
20
98
121,398 05
136
REPORT ON T H E
FINANCES.
ABSTRACT OF REPORTS OF DISTRICT ATTORNEY'S.
The followiug is an abstract of reports of district attorneys for the
fiscal year 1883 of iuterual-revenue suits pending, coraraenced, and disposed of:
Suits pending July 1, 1882.»
Number of criminal actions
Number of civil actions in personam
Number of actions in rem
4, 935
558
166
.-
Total
5,659
Suits commenced during fiscal year 1883.
Number of criminal actions
Number of civil actions in pei'sonam
Number of actions in rem
4,225
288
45
Total
4,558
Suits decided in favor of the Uniied States.
Judgment and costs p a i d :
Number of criminal actions
Number of civil actions in personam
Number of actions in rein
-
761
79
26
866
Judgment and costs not p a i d :
Number of criminal actions
Number of civil actions in personam
Number of actions in rein
2,010
117
10
2,137
Total
3,003
Suits settled by comproxnise.
Number of criminal actions
Number of civil actions in xyersonam
Number of actions in rem
231
47
18
Total
296
Suits decided against the United States.
Number of criminal actions
Number of civil actions ixi personam
Number of actions in rem
.,
Total
589
45
21
655
Suits dismissed.
Number of criminal actions..
Nujuber of civil actions in x^ei'sonam
Number of actions in x^em
.^
,
Total...-.
2,869
X'^3
34
3,036
Suits xjending July 1, 1883.
Number of criminal actions
Number of civil actions inpersonam
Number of actions ixi rem
Total
2,700
425
102
3,227
Suits xvherein sentence is suspended.
Number of criminal actions
484
COMMISSIONER OF INTERNAL REVENUE.
137
Amoxint ofjudgments recovered and costs taxed in criminal actions.
Principal
Costs
Q
$124,897 42
102,180 16
Total
,
227,077 58
Amomit of judgments recovered and costs taxed in cixnl actions in personam.
Principal
$213,517 38
Costs
8,414 18
Total
?...:;!?.....
221,931 56
Amount of judgments x^ecovered and costs taxed in actions in rem.
-
Principal
Costs
Total
$9,223 22
801 29
10,024 51
Amount paid to collectors in criminal actions.
Principal
Costs
-
$17,712 07
35,761 40
:
Total
53,473 47
Axnount paid to collectors ixi civil actions in personam.
Principal
Costs
$114,022 46
4,683 61
Total
118,706 07
Amount paid to collectors in actions in rem.
Principal
Costs
-
$15,561 79
982 07
Total
16,543 86
ABSTBACT of SEIZUBES of P B O P E B T Y for VIOLATIOJS' of INTEBNAL BEVE N U E LAWS for the quarter ending S E P T E M B E B 30, 1883.
Distilled spirits.
Tobacco.
Cigars.
Miscellaneous
property.
States and Territories.
Gallons.
Alabama
Arizona
Arkansas
.
. . .
'.....
Massachusetts
Total
42.00
$49 00
4L00
116.00
10.00
112 00
120 00
10 00
28.00
346. 00
91. 00
28 00
395 26
91 92
213.00
869. 60
4L00
139 00
870 00
125 00
Number.
Value.
Ponnds.
Value.
Value.
$24 30
Illiuois
Kentuckv
New York
N o r t h Carolina
Ohio
"Oregon
Pennsylvania
South Carolina
Tennessee
W^isconsin .
Value.
241,250
38
9,152 60
$12 00
71 00
350
6 00
17,100
68 40
.400
12 00
266, 600
1,159 40
65
5
35 00
'2, 044 50
779 50
330 00
436 00
1, 383 00
936 00
3,100 00
5, 040 18
1,031 45
2,729 00
990 00
150 00
13, 628 48
7,500
7, 355 00
$1,002 00
108
H I 00
24,462 23
138
R E P O R T ON T H E
FINANCES.
STATEMENT of CASES COMPBOMISED, under Section 32.29 Bevised Statutes, for the
quai'ter ending September 30, 1883.
[The number received and settled and amounts received therefor. 1
Compromise cases.
First quarter.
Received.
July
August
September
1883.
Total
Tax.
Specific
penalty.
"$364'-67
821 95
$340 00
280 09
35 00
$704 67
^1,102 04
35 OO
1,386 62
655 09
1, 841 71
Accepted
101
LEGACY AND SUCCESSION
43
Total.
TAXES.
There were assessed and collected as legacy and succession taxes for
the fiscal year $22,918.83.
I t is perhaps not unsafe to say that every dollar of it was collected
upon information given by professional informers. The extra cost of
this work was 10 per cent, of the amount collected paid to the informer,
viz, $2,291.88, and $3,000 salary and expenses paid to a deputy collector
specially appoiuted for the examination of these cases, making a total
expenditure of $5,291.88, or about 23 per cent, ofthe amount collected.
The act of July 14, 1870, which went iuto operation on the 1st of
October, 1870, repealed this class of taxation, and the work of making
collections at this late date of claims arising under the old law involves
much that is exasperating, inquisitorial, and odious. I t is very difficult,,
after the lapse of so many years, to ascertain the exact facts in any
case, and in view of the complete settlement long ago of many estates
much injustice and hardship is often possible. In consideration of these
facts and the certainty that only small suras, if anything, can be collected, I have directed that the allowance for the employraent of a
special deputy collector for this class of cases shall cease on the 31st
day of December next, and I shall, with your approval, offer no further
inducements to informers in such cases. Should any just claims remain outstanding I shall endeavor to have them collected through the
ordinary channels.
ESTIMATED EXPENSES FOR NEXT FISCAL YEAR.
I estimate the expenses of the Internal Eevenue Service for the fiscal
year ending June 30,1885, as follows:
For salaries and expenses of collectors
|1,850, 000 00
For salaries and expenses of thirty-five revenue agents, lor surveyors,
for fees and expenses of gaugers, for salaries of storekeepers, and for
miscellaneous expenses
2, 300, 000 00
F o r dies, paper, and stamps
475,000 00
For detecting and bringing to trial and punishment persons guilty of
violating the internal-revenue laws, including payment for information and detection
75,000 00
For salaries of officers, clerks, and employes in the ofifice of the Commissioner of Internal Revenue
299,190 00
Total
4,999,190 OO
COMMISSIONER OF INTERNAL
13^
REVENUE.
SCALE OF SALARIES OF COLLECTORS.
The recommendations made for the salaries of collectors for the fiscal
year ending June 30,1884, are based upon an estimate of their probabler
collections according to the following scale, with the qualification t h a t
if the actual collections should vary from the amounts estimated the?
salaries will be readjusted at the end of the fiscal year:
For collection of—
$25,000 or less
25,001 to $37,500
37,501 to
50,000
50,001 to
75,000
75,001 to 100,000
100,001 to 125,000
125,001 to 175,000...
175,001 to 225,000
225,001 to 275,000
275,001 to 325,000
325,001 to 375,000...
375,001 to 425,000
425,001 to 475,000
475,001 to 550,000
550,001 to 625,000
625,001 to 700,000
700,001 to 775,000
775,001 to 850,000
„ 850,001 to 925,000
925,001 to 1,000,000
1,000,001 and upward
$2,000
2,1252,250*
2,375
2,500^
2,62S
2,750
2,875
3,0003,12.5
3,250*
3,375
3,500^
3,6253,750>
3,8754,000>
4,125
4,250
4,375
4,500^
:
:
EXAMINATION OF COLLECTORS' OFFICES.
The examination of the accounts of collectors has been continued during the past year with gratifying results.
OFFICIAL FORCE.
The force connected with this Bureau in the various districts through-out the United States for the year which ended June 30, 1883, was as;
follows:
One hundred and twenty-six collectors, who receive salaries as foUows:
Thirty
$4,500 Six
Five
4,375 Nine
Three.:
4,250 Twelve
Four
4,125 Seven
Two
4,-000 Ten
Two
3,875 Four
Three
3,750 Fourteen
i>
Two
3,625 Three
Four
3,500 Two
Two
3,375 Two
$3,250'
3,125
3,000
2,8752,750^2,625
2,500^
2,375
2,250^
2,125
There were also employed during the year nine hundred and eightyone deputy collectors, who received salaries and traveling expenses as
follows:
One
Nineteen
One.
Nine
Two
Fifty
One
Thirty-four
:
$3,000
< 2, 000
1,950
1,900
1,850
1,800
1,750
1,700
Twelve
One
;
Sixty-eight
One
Twenty-two
Ninety-four
Thirty
Two iaundred and four
'.
$1,650
1,625
1,600
1,575
1,550
1,5001,450^
1,400-
140
Twentv-one
Eighty-four
One
Thirteen
Ninety-one
One
:
Seventeen
Thirty-five
Twelve
Thirty-two
One
Six
Twenty-four
One
One
Eight
REPORT ON T H E
.^
$1, 350
1,300
1,275
1,250
1,200
1,175
1,150
1,100
1,050
1,000
970
950
900
875
850
800
FINANCES.
Three
Eight
One
Eleven
Thirteen
Four
One
One.
Nineteen
Five
One
Ten
Two
Two
Two
One
$750
700
660
600
500
400
360
350
300
250
240
200
150
120
100
60
Also, two hundred and twenty-six clerks, messengers, andjanitors,
who receive salaries as follows:
Oneclerk
-.
Two clerks
Three clerks.
Ten clerks
Two clerks
Four clerks
Thirty-two clerks
Four clerks
Fifteen clerks
Twenty clerks
Thirty-six clerks
-Seven teen clerks
Two clerks
One clerk
Two clerks
Six clerks
Two clerks
$1,700
1,600
1,500
1,400
1,350
1,300
1,200
1,150
1,100
1, 000
900
800
750
725
720
700
675
$6S5
600
500
450
400
300
200
300
120
100
75
600
450
300
360
300
100
Two clerks
Twenty-two clerks
Nine clerks
Two clerks
One clerk
Seven clerks . .
One clerk
One janitor
One janitor
,
One janitor . ^ . . . . . .
One janitor
One messenger
One messenger
Four messengers . .
One porter
One j)orter
One porter
*Tlie force now connected with this Bureau in the various districts
throughout the TJnited States is as follows:
Eighty-four collectors who receive salaries as follows:
Twenty-nine
$4,500 Five
Two
4,250 Three
Two
4,125 Four
Four
4,000 Seven
One
3,875 Eleven
Two
3,750 Two
Oue
3,625 Three
Three
3,500 One
Four
3,375
$3,250
3,125
3,000
2,875
2,750
2,625
2,500
2,250
There are also no^ employed nine hundred and thirty-eight deputy
collectors, who receive salaries and traveling expenses as follows:
One
One
Twenty-two
Three
Twelve
.^Six
.'..
Forty-six
One...
Six
$3,000
2,050
2,000
I 1,950
1,900
1,850
1,800
1,775
1,750
Twenty-four
One
Seven
Sixty-eight
Twenty-two
Ninety-t wo
One
Twenty-three
One
^
$1,700
1,675
1,650
1,600
1,550
1,500
1,475
1,450
1,425
* Wlien the Executive order with regard to t h e consolidation of districts in the
State of Wisconsin shall have been carried out, the number of collectors and collee^ion districts will be reduced to eighty-three.
COMMISSIONER OF INTERNAL
One hundred and ninety-six
One
Nineteen
Eighty-four
Fourteen
Eighty-four
Six
Seventeen
Twenty-seven
One
Five
Thirty-one
Eight..
Twenty-two
Six
Five
One
$1,400
1,375
1,350
1,300
1,250
1,200
1,175
1,150
1,100
1,075
1,050
1,000
950
900
850
800
750
REVENUE,
Five
Two
One
Eleven
,
One
Thirteen
One
Two
Five
Seventeen.
Two
Six.
Two
Three
Two
One
141
$700
660
650
600
575
500
450
425
400
300!
250
20O
150
120
100
60
Also one hundred and eighty-seven clerks, messengers, and janitors^
who receive salaries as follows:
One clerk
Four clerks
Two clerks
Seven clerks
Two clerks
Three clerks
Twenty-three clerks.
Nine clerks
E i g h t clerks
Thirty clerks
Twenty-eight clerks.
One clerk
Eleven clerks
Five clerks
One clerk
,700
1 ,600
1,500
1 400
1,350
1,300
,200
,150
,100
,000
900
820
800
750
720
Eight clerks
Sixteen clerks
Six clerks
,
One clerk
'.
Two clerks
Six clerks
Oneclerk
Two clerks
.•.
One janitor
Two janitors
One janitor
Two janitors
One messenger, &c
One porter
Two porters
$700
600
500
450
360
300
250
200
200
120
100
75
480
360
300
There are also eraployed 852 gaugers, who receive fees not to exceed
$5 per diem; 1,130 storekeepers and gaugers, who receive not to exceed
$4 per diem; 725 storekeepers, who receive not to exceed $4 per diem
(all the foregoing officers are paid only when actually employed); 35
tobacco inspectors, who receive fees, to be paid by the manuf acturers^
and 23 distillery surveyors.
Storekeepers and gaugers assigned to distilleries of a capacity not exceeding twenty bushels receive but $3 per diem.
CONDITION OF T H E OFFICE.
I take occasion to express my thanks to the officers and clerks of this
Bureau for the gratifying manner in which their duties have been performed. The work of the office is in good condition, and well up to date^
except with respect to claims for the redemption of si amps, growing out
of the act of March 3, 1883. These cMms have been filed in great
numbers, and have been disposed of as rapidly as possible with the
force at my command. The condition of this class of claims is shown
under the appropriate head.
R E P O R T OF WORK P E R F O R M E D ,
The work performed b y t h e different divisions ofthe office duringthe
fiscal year ended June 30,1883, is shown by the following statement:
DIVISION OF LAW.
Offers in compromise briefed.
Opinions prepared
766
577
142
REPORT ON T H E
FINANCES.
Offers in compromise acted upon
Reward claims acted upon.
Railroad cases adjusted
-Letters received for aus wer..<=.....
Answers written
Letters not requiring answer and reports received and examined
Letters written other than answers to letters
iieports of suits aud prosecutions
Orders for abatement of taxes issued
^
Claims for abatement of taxes disposed of
Amount of abatement claims allowed (uncollectible)
Amount of abatement claims allowed (erroneous assessment)
Amount of abatement claims rejected (uncollectible)
Amount of abatement claims rejected (assessment claimed to be erroneous)
Claims for refunding of taxes disposed of
Amount of refunding claims allowed
.Amount of refunding claims rejected
Number of rebate claims allowed
Amount of rebate claims allowed
697
73
12
3,568
3,556
9,560
5,665
4,558
417
1,883
$251,096 44
$117,682 01
$9,814 96
$65,991 24
367
$822,897 02
$392,942 67
2,084
$260,233. 36
DIVISION OF DISTILLED SPIRITS.
R e t u r n s and reports r e l a t i n g t o distilled spirits examined and disposed of
Returns and reports relating to fermented liquors examined and disposed of
•Coraputations of capacities of distilleries made and data for assessment furnished
.Locks examined and issued
Hydrometer sets, stems, cups, and thermometers tested and issued..
•Oauging-rods examined and issued
Wantage-rods examined and issued
210,374
30,632
14,081
2,620
3, 311
163
160
DIVISION OF TOBACCO.
Reports relating to tobacco examined and disposed of
Reports relating to cigars examined and disposed of
Abatement and refunding claims audited
1,022
15,500
56
DIVISION OF STAMPS.
Value of stamps received from printer and counted
$168,734,794 09
Value of stamps ordered from (Graphic Company
$1,302,339 08
T a l u e of stamps counted and transmitted to the Secretary of the
Treasury for destruction,
$2,350,477 36
d u m b e r of mail packages of stamps sent from stamp-vault
27,900
Number of express packages of stamps sent from stamp-vault
3,555
"Number of coupon books forwarded to Fifth Auditor
27,234
Number of coupons received for credit and counted
45, 788,794
.'Number of stubs examined
11,285,090
Number of reports examiued and disposed of
29,134
Amount of claims for redemption of stamps allowed
$33,837 54
Amount of claims for exchange of stamps allowed
,
$36,591 19
Amount of claims for release of duplicate charges allowed
$84,744 53
.Number of miscellaneous registered mail packages forwarded
647
Number of receipts for stamps and coupons made out and forwarded
to collectors
4,490
Number of receipts for stub-books made out and forwarded to collectors
..-.-.
.1,266
DIVISION OF ASSESSMENTS.
'Reports relatiug to assesmeats examined and disposed of
Reports relating to bonded accounts examiued and disposed of
,
.Reports and vouchers relative to exportations examined and disposed
of
Claims for drawback disposed of
67,258
396,856
174,582
1,130
COMMISSIONER OF INTERNAL REVENUE.
143
DIVISION OF ACCOUNTS.
Weekly reports examined and divsposed of
;
Monthly reports examined and disposed of
Quarterly reports examined and disposed of
Miscellaneous accounts examined and disposed of
Final accounts of collectors referred for settlement
Certificates of deiDOsits for internal-revenue collections recorded
Amountingto....
$138,196,100 01
Certificates of deposit to credit of S e c r e t a r y . . . . . .
Amountingto
$269,634 58
Certificates of dej)osit for t a x on salaries
Amountingto....
,
. $53,978 90
Drafts mailed to collectors for gangers' fees and expenses
Amounting to
$831,091 48
Drafts mailed to collectors for transfer of special deposits
Amounting to
z
$251,507 95
Drafts mailed to collectors for compromise offers returned
.
Amountingto
$27,253 57
Drafts mailed to collectors for expenses of office
Collectors' monthly reports of taxes, &c., consolidated into yearly
statements
Consolidated statements of monthly reports of taxes, &c., recorded..
4,812
20,583
523
689
34
34,092
640
4
8,239
565
72
1,581
1,621
192
DIVISION OF REVENUE AGENTS.
Reports of revenue agents disposed of
Reports of collectors relative to illicit distillers disposed of
Accounts of revenue agents examined
Miscellaneous expense accounts examined..
Railroad and income cases examined and reported on
Transcripts of books of leaf-tobacco dealers examined and abstracted.
^Quarterly returns of ordnance and ordnance stores in hands of collectors e x a m i n e d . . .
2,029
196
823
280
23
2,652
76
DIVISION OF APPOINTMENTS, RECORDS, AND FILES.
Commissions of collectors recorded, collectors notified, and blank
bonds prepared
...o..
Bonds of collectors recorded
Disbursing bonds recorded
Commissions of storekeepers, storekeepers and gaugers, gaugers and
tobacco inspectors recorded and appointees notified
Bonds of storekeepers, storekeepers and gaugers, gaugers and tobacco inspectors examined
•.
Assignments of storekeepers, storekeepers and gaugers, and gaugers
recorded
^
Eeports of inspecting officers on condition of service in collection
districts examined and acted on
Reports of examiniug officers on condition of collectors' offices examined and acted on
Letters for entire Bureau received and registered
.Letters briefed andfiled
Aggregate number of letters mailed by the Bureau, press-copy letters
briefed, registered and arranged for reference
Pages press-cox:)y letters copied in twenty-fi!ve record books, indexed
and compared. .^
Pages letter and cap paper copied, compared, and registered
Orders for press copy letters for reference
Envelopes and labels addressed for sending circulars and b l a n k s .
'Unrecorded press-copy books of 1,000 pages each, paged'and indexed
Letters from finished record books numbered and paged in registers.
P a g e s blank books ruled, and headings written therein
JBlank forms and certificates copied
28
38
26
754
744
7 ,158
182
327
45,122
39,394
44,268
23,733
18,583
3,322
15, 319
45
168,921
2,471
1,362
144
REPORT ON T H E
FINANCES.
SALARIES.
I have the honor to recommend that Congress appropriate for the
fiscal year ending June 30,1885, the sum of $299,190 as salaries for the
following officers, clerks, and employes in this Bureau:
One Commissioner, at
One deputy commissioner, at
Two heads of division, at
Five heads of division, at
One superintendent of stamp agencies, a t
One superintendent of stamp vault, at
One stenographer, at
Twenty-four clerks, at
Twenty-five clerks, at
Thirty-six clerks, at
^
Twenty-four clerks, at
Fourteen clerks, at
Seventy-nine clerks, at
Two messengers, at
Fourteen assistant messengers, at
Thirteen laborers, at
An aggregate of two hundred and forty-three persons.
$6, 00€»
3,20O
2,500
2,250
2,100
2,000
1,800
1,800
1,600
1,400
1,200
1,000
900
840
720
660
I also recoraraend the appropriation of the sum of $2,500 as salaries
for one stamp agent, at $1,600, and one counter, at $900, the same to
be reimbursed by the stamp manufacturers as provided by the act of
August 5, 1882.
NUMBER AND VALUE OF STAMPS ISSUED.
During the fiscal year stamps were received by this office from the
printers and issued to collectors, agents, and purchasers as follows, viz t
KindStamps for
Stamps for
Stamps for
Stamps for
Stamps for
Stamps for
Stamps for
distilled spirits, tax-paid
distilled spirits, other than tax-paid
tobacco and snuff
cigars and cigarettes
fermented liquors and brewers' permits
special taxes
:
documents and proprietary articles
Total
,
Number.
1, 564, 950
3,951,600
336, 802, 588
103,195, 461
58, 907, 780
527, 546, 601
805, 520
1, 032, 774, 500
Value.
$78, 830.146 00
5,880 00
31, 004, 439 62
17, 575, 000 50
18,806,263 3&
7, 332, 427 6<^
9,102, 958 00
162,657,114 0^
NUMOSER OF SPECIAL-TAX P A Y E R S .
The following table shows the number of persons who paid special taxes in each State and Territory during the
^special-tax year ended April 30,1883:
^cs
s -
o a
O O
d
5 ^
02 p
S C3
states and Territories.
tn
f-l
05
r-j
cS
o
cq
5
2
45
32
40
250
96
57
26
9
106
20
22
16
1
116
14
20
3
98
27
12,
54
24
239
86
86
27
301
185
10
178
215
68
54
23
215
68
24
13
7
70
26
15
394
37
323
21
33
133
25
591
706
337
208
183
207
53
56
714
481
431
119
262
360
2
69
1
40
790
572
106
62
14
"39
5,918
1,275
6.721
11,775
5,71.5
6, r.66
2,685
2,803
2, 592
9.869
1, 050
30, 880
16, 236
15, 695
8,899
9,095
7,244
5,751
10, 446
16.454
15,133
8,143
4, 931
17, 668
1,680
4, 545
1, 029
2, 894
15, 903
fS
20
202
30
32
21
•
4
27
121
58
117
9
37
5
58
30
114
119
87
32
20
12
9
5
263
92
194
15
10
64
41
6
299
124
2H3
51
190
29
108
126
548
163
69
]07
181
31
36
15
222
469
1
eS
!
s 1
Pi
05
'r^ .
<o oo
CZ
© ri
TT o^
o-^
rs
Alabama
Arizona
Arkansas
California
Colorado
Ci)unecticut
Dakota
Df'luware
Floiida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentnclcy
Louisiana
MaiuH.. ...'
Maryland
Massacbusetts ..
Michigan
Minnesota
Mississippi
Missouii
Montana
NeVuaska
Nevnda ...
New Hampshire.
New Jersey
^
O
O 3
'C c^
(t',::^
o
o
g
'c3
Ul
ta
O
Si
^
8
19
21
62
48
76
13
4
14
17
2
127
68
67
22
70
37
18
37
169
108
41
11
108
15
23
4
7, 358
2,392
8,117
22, 507
8,996
10, 569
3,795
3.500
3,294
12, 357
2, 456
45.167
22, 886
21, 495
11,097
16,082
• 13, 067
7.032
17,101
26, 046
21,155
12.168
6,268
26, 193
3.184
5,749
1,959
45 j
4, 305
138 1 25, 347
w
o
H
W
>
<l
d
NUMBEB of SPECIAL TAX-PAYEBS—Continned.
rrt
©
»
1
1
02
pi
02
O
o
i
Utah
. . .
1
1
241
7
133
9
236
8
2
13
16
4
:
Vermont
Virginia
Washington
W e s t Viro-inia
Wisconsin
AVyoming
.1
ca
•-;3
N e w Mexico
New Tork
N o r t h Carolina
Ohio
Oregon
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
. . . .
o
o
o
states and Territories.
'
I
CO
15
2
7
39
•1
•
CO
O
1
1, 355
28, 923
1, 950
15, 399
1,244
18,185
1,358
984
1,955
2,628
470
454
2,840
536
809
5,689
269
47
759
29
355
30
499
39
28
81
88
18
48
17
9
80
11
1
4
3
1
'
1•
1.g ?l
©
£S
4,093
22
1,299
8
3, 798
67
19
37
52
1
20
174
2
128
385
2
u
© c5
©
P *^
p
429
179
318
13
421
1
1
69
122
136
4
97
1
452
1
1
95
59
14
42
17
9
_^
©
©
a
o
6
•5
8
CQ
2
g
ci
03 f-i
©
1
p
1,864
54, 343
7,949
31,145
2,461
46, 406
3,125
6, 418
7,395
10, 070
1,187
2,382
7,032
1, 230
4,458
12, 111
441
_^
'A
H
©
•S-S
.9 «
0
i
ii
;-i
o
1
1
100
209
37
41
2
34
3
. 287
02
H4
©
02
©
©
P
351
74
165
1
191
28
13
2
i2
7
11
7
42
© 02
02
©
%
&
o
1
2
34
7
206
6
3
2, 078
41
• 336
54
848
82
• 18
34
382
10
62
17
66
26
177
2
16
409
14
159
12
312
21
12
18
87
4
13
13
11
10
75
4
3,290
92, 047
10, 544
49, 629
3, 875
71, 364
4, 733
7,498
9,801
13, 348
1,710
2,944
10, 946
. 1,898
5 496
18. 862
735
4
315
1
158
43
331
4
2
1
15
16
Total
1, 468
187, 871
4,647
26.
16, 724
3". 382
1,208
3
. 449, 612
1, 060
1,403
2, 378
7,998
2,582
680, 362
T o t a l for s p e c i a l - t a x y e a r 1882
1,328
168, 770
4,241
29
13, 994
3,039
1,235
10
394, 692
870
1,315
2,371
8,006
2,186
602 086
Pi
o
w
H
O
W
!2J
02
COMMK^S^ONER OF INTERNAL
REVENUE.
147
MATCH STAMPS SOLD.
F A C E A-ALUE OF STAMPS SOLD TO MATCH MANUfc^ACTUUERS DURIN(3r T H E
FISCAL YEARS.
1876
1877
1878
1879
1880
1881
1882
1883
:
..-,
FOLLOWING
| 2 , 849, 524
2, 982, 275
3,064,574
3, 357, 251
3,561,300
3, 606, 437
3', 272,258
3,245,050
00
00
00
00
00
62
00
00
REDUCTION OF TAXATION.
The act of Congress entitled ^'An act to reduce internal-revenue taxation, and for other purposes '^ provided as follows:
Be it enacted by the Sexuite and Hoxise of Bepx-esentaiives of the Uniied States of America
ixi Congress assembled, That the taxes herein specified imposed by the laws now in
force he, and the same are hereby, repealed, as hereinafter provided, namely : On
capital and deposits of banks, baukers, an.d national banking associations, except
snch taxes as are now due and payable ; and on and after the first day of July, eighteen hundred and eighty-three, the stamp t a x on bauk checks, drafts, orders, and
vonchers, and the tax or. matches, perfumery, medicinal preparations, and other
articles imposed by Schedule A following section thirty-four hundred and thirtyseven of the Revised Statutes : Provided, That no drawback shall be allowed npon
articles embraced in said schedule t h a t shall be exported on and after the iirst day
of July, eighteen hundred and eighty-three : Provided further, Tbat on and after May
fifteenth, eighteen hundred and eighty-three, matches may be removed by mannfacturers thereof from the place of manufacture t^ warehouses within the United
States without attaching thereto the stamps required by law, under such regulations
as may be prescribed by the Commissioner of Internal Revenue.
S E C 2. That on and after the first day of May, eighteen hundred and eighty-three,
dealers in leaf tobacco shall annually pay twelve dollars; dealers in manafactured
tobacco shall pay two dollars and forty ceuts; all manufacturers of tobacco shall pay
six dollars; manufacturers of cigars shall j)ay six dollars; peddlers of tobacco,
snuif, aud cigars shall pay special taxes, as follows: Peddlers of the first class, as
now defined by law, shall pay thirty dollars; peddlers of the second class shall pay
fifteen dollars; peddlers of the third class shall pay seven dollars and twenty cents;
and peddlers of the fourth class shall pay three dollars and sixty cents. , Retail dealers
in leaf tobacco shall pay two hundred and fifty dollars and thirty cents for each
dollar on the amount of their monthly sales in excess .of the rate of five hundred
dollars per a n n u m : Provided, That farmers and producers of tobacco may sell at the
place of production tobacco of their own growth and raising at retail directly to consumers, to an amount not exceediug one hundred dollars annually.
S E C 3. That hereafter the special t a x of a dealer in manufactured tobacco shall not
be required from any farmer, planter, or lumberman who furnishes such tobacco only
as rations or supplies to his laborers or employees in the same manner as other supplies are furnished by him to t h e m : Provided, That the aggregate of the supplies of
tobacco so by hirn furnished shall not exceed in quantity one hundred pounds in any
oue special t a x y e a r ; t h a t is, from tbe first day of May in any year until the thirtieth day of April in the next j e s n : And xirovided further, That such farmer, planter,
or lumberman shall not be, at the time he is furnishing such supplies, eugaged iu the
general business of selling dry goods, groceries, or other similar supplies in the manner of a merchant or storekeeper to otbers than his own employees or laborers.
S E C 4. That on and after May first, eighteen hundred and eighty-three, the internal taxes on snuff, smoking, and manufactured tobacco, shall be eight cents per
pound; and on cigars which shall be manufactured and sold or removed for consumption or sale on and after the first day of May, eighteen hundred aud eighty-three, there
shall be assessed and collected the following taxes, to be paid by the manufacturer
thereof: Ou cigars of all descriptions, made of tobacco or any substitute therefor,
three dollars i)er thousand; on cigarettes weighing not more than three pounds per
thousand, fifty cents per thousand ; on cigarettes \yeighing more than three pounds
per thousand, three dollars per thousand : Provided, That on all original and unbroken
factory packages of smoking and manufactured tobacco and snutf, cigars, cheroots,
and cigarettes held by manufacturers or dealers at the time such reduction shall go
into etfect, upon which the tax has been paid, there sball be allowed a drawback or re
148
REPORT ON T H E
FINANCED.
bate of the full amount of the reduction, but the same shall not apply in any case
where the claim has not been presented within sixty days following the date of the
reduction ; and such rebate to manufacturers may be paid in stamps at the reduced
r a t e ; and ho claim shall be allowed or drawback paid for a less amount than ten dollars. It shall be the duty of the Commissioner of Internal Revenue, with the approval
o f t h e Secretary ofthe Treasury, to adopt such rules and regulations and to prescribe
and furnish sucli blanks and forms as may be necessary to carry this section into eftect.
STAMPS, REDEMPTION THEREOF, ETC.
A L T E R A T I O N O F STAMPS F O R
TOBACCO, S N U F F , CIGARS, C I G A R E T T E S , AND
TAXES.
SPECIAL
The changes made by the act of March 3, 1883, iu the rates of tax on
tobacco, snuft", cigars, cigarettes, and in the special taxes imposed ou
manufacturers of tobacco aud cigars and dealers therein, necessitated a
change iu all stamps used for the payment of such taxes.
In order to utilize the stock of stamps on hand iu the vaults of this
office, in process of printing at the Bareau of Engraving and Printing,
aud in the hands of collectors. Congress, at the request of late Co.mmissiout'r Eaum, made an appropriatiou of $20,000, ''for alteration of internal-revenue dies, plates, and stamps, and for providing blanks for
rebate."
At the suggestion of Commissioner Eaum, tlie honorable Secretary of
theTreasury appoiuted acommittee cousistingof Messrs Charles H. Dow,
chairman. Secretary's Office, J. E. Garrison, First Comptroller's Office,
and V. N. Stiles, Fifth Auditor's Office, fo supervise the count and imprinting of such internal-revenue stamps for tobacco, snutf, cigars,
cigarettes, and special taxes in this office as it might be desirable to have
Imprinted for issue nnder the act of March 3, 1883.
A special force of about thirty persons was employed, placed under
the directiou of this committee, and work was commenced March 12,
1883,,and coutinued with au intermission of about teu days until June
15.
The change in the stamps was made b}^ impressing with hand stamping machines on each stam|) and stub the words '' Act of March 3,1883.'^
In the case of special-tax stamps where the value is printed on each
stamp, the im|)ression included in addition to the words above mentioned
the cancellation of the printed value and the insertion ot the value as
changed.
The cigar aud cigarette stamps aud the stamps for small packages of
tobacco,commonly termed ''strip stamps," were imprinted by the Bureau
of Engraving and Printing, and tbe Government Printing Otiice.
The following is an abstract of the work performed under the direction of the committee by the Bnreau of Engraving and Piinting, and
by the Government Printing Office.
STATEMENT of INTEBNAL B E V E N U E TOBACCO, SNUFF, CIGAB, CIGABETTE, and SPECIAL-TAX STAMPS P B I N T E D prior to March
3, 1883, and P B E PABED for USE imder act of that date by imprinting xipon them the xvox'ds "ACT OF MABCH 3, 1883."
Kind of stamps.
Tobacco .
Stock on band or returnecl by col
lectors.
Wbere imprinted.
Stock on band
Returned by collectors.
Stock on hand
Returned by collectors..
Stock on band
Returned by collectors
Office of Internal Revenue
Bureau of Engraving and Printing
G-overnment Printing Office
Number of
Original value. Reduced value.
stamps.
1, 240, .648
700, 640
7,101, 925
11,497,200
21,531,120
4, 000, 000
$5, 749, 528 96
2,965.416 96
497,010 40
366,708 00
576, 620 00
160,000 00
46, 071, 533
10,315,284 32
$2,874,764
1,482.708
248, 505
183, 354
288,310
80, 000
48
48
20
00
00
00
Difference.
$2, 874 764 48
1, 482, 708 48
248, 505 20
183.354 00
288. 310 00
80, 000 00
O
O
5,157, 642 16
.Ul
Ul
28, 390 72
7,040 00
98,617 14
1,300 00
O
!—I
Total tobacco ..'
Snuff.
Office of Internal Eevenue
.
Bureau of Engraving and Printing.
Stock on band
Returned by collectors.
Stock on band
Returned by collectors.
Total snuflf
Cigar .
Bureau of Engraving and Printing .
Government Printing Office
Stock on hand
Returned by collectors.
Stock on band
Total cigar.
Cigarette .
Bureau of Engraving and Printing.
Stock on band
Returned by collectors.
Total cigarette
Special-tax.
Office of Internal Revenue.
Stock on band
5,157, 642 16
28, 390
7, 040
98, 617
],300
72
00
14
00
44, 068
6, 000
5, 877, 770
208, 000
56, 781 44
14, 080 00
197, 234 28
2, 600 00
6,13?, 838
270, 695 72
135, 347 86
135,347 86
3, 675, 708 00
986,400 00
1, 440, 000, 000
1, 837, 854 00
493, 200 00
720, 000 00
1,837, 854 00
493, 200 00
720 000 00
9, 917, 095
2, 536, 000
3, 700, 000
16,153,095
6, 267, 554
3,190,600
6,102,108 00
182,094 85
81,620 00
3, 051, 054 00 i
3, 051, 054 00
52, 027 10
46, 640 00
130, 067 75
34,980 00
9, 458,154
263, 714 85
8, 667 10
524, 900
2, 963, 500 00
1,452,840 00
1, 510, 660 00
2, 516, 256
46, 596,144
29, 231,120
11, 749, 307 36
5, 989, 375 53
2,176, 620 00
5, 845, 743 68
2,961,497 44
1, 088, 310 00
5, 903, 563 68
3, 027, 878 09
1,088,310 00
Pi
o
H
W
Pi
Pi
<
RECAPITULATION.
Imprinted at Office of Intenial Revenue
Imprinted at Bureau of Engraving and Printing.
Imprinted at Government Printing Office
Total
Totals imprinted: Stock on band
Returned by collectors.
Total-
56, 205, 080
22,138, 440
19, 915, 302 89
9, 895, 551 12
15, 338, 477 93
4, 576, 824 96
7, 601, 308 64
2,294,242 48
7, 737,169 29
2, 282, 582 48
19, 915, 302 89
9, 895, 551 12
10, 019, 751 77
10,019,751 77
rfi-
150
REPORT ON THE FINANCES.
REDEMPTION OF CHECK AND P R O P R I E T A R Y STAMPS AND CANCELLATION OF IMPRINTED CHECK-STAMPS.
The repeal of the stamp duty on checks and proprietary articles was
necessarily followed by the presentation, uuder sectiou 3426 Eevised
Statutes, and the act ofMarch 1,1879, Avhich provided therefor, of a large
quantity of stamps for redemption. Indeed the number was enormous.
The practice of using checks with stamps imprinted on them instead
of adhesive check-stamps has been on the increase for several years.
More than three-fourths of the check-stamps issued during the past
three years having been thus imprinted. This practice resulted in a
large accumjilation of stamped checks and drafts throughout the country, nearly every bank having a suppl}^ of stamped drafts on hand for
its own use and stamped checks for the use of its customers, and the
checks, being lithographed, were raore valuable than the stamps upou
them. Jn order to save to the holders the value of this costly stationery, late Commissioner Eaum issued Circular No. 259, under date of
April 19, 1883, in which he promised, in cases where imprinted checkstamps were presented on or after July 1 and the claim for their redemption was found to be satisfactory, io cancel the stamps by imprinting across them the words " Stamp redeemed," and then to return the
blank checks to their owners.
I am informed that (•ommissioner Eaum expected the appropriation of
" 3,000 for the alteration of tobacco stamps, &c., could be used for this
work.
Jn answer to a large nnmber of inquiries, and in order to facilitate
the work of cancellation, Circular ISTo. 265 was issued under date of June
1, 1883. In this circular the method of cancellation was described and
provision was made for forwarding stamps for redemption at once.
I t was intended to commence the work about June 5, but it was
found that the $20,000 appropriation for altering stamps, &c., was so
worded that it could not be used for the cancellation of check-stamps.
After considering the matter for nearly ten days, it was decided that
the appropriation for the destruction of Dnited States securities and
stamps, which was included in the appropriation for labor and expenses
of engraving and printing, could be used. Work was commenced under
this decision June 15, with a force of about sixty persons specially employed for the purpose. At my suggestion a committee was appointed
by lhe Secretary of the Treasury to verify the count of stamps after
cancellation, and to certify to its correctness. . The committee's certificate will be used as a voucher in the settlement of the accounts of the
Commissioner ot Internal Eevenue. The number of stamps canceled by
this force from June 15 to October 29 was 10,363,122, value $207,262.44,
the average being about 100,000 stamps for each working day.
From the start the work was beset with difficulties. In anticipation
of a large demaud, 15,000 blank claims had been provided; but the
supply was exhausted in a few days, and, as the appropriation for
printing for the Department for the year was also exhausted, it was
nearly three Aveeks before a further suppl}^ could be procured.
During this time over 2,000 letters of inquiry and requests for blanks
accumulated, which could uot be answered satisfactorily until the blanks
were received.
On receipt of a further supply of blank's these letters were assorted
and answered; but as the extra force employed had had, with few exceptions, no previous experience in clerical duty, the work could not be
done as rapidly and efficiently as was desirable.
The letters received concerning redemptiou averaged for a considera
COMMISSIONER OF INTERNAL REVENUE.
151
ble time 200 per day, the total number received from July 1 to date
being nearly 13,000.
Early in July the receipts of stamps became so heavy and the drain
on the appropriation was so great that it was decided to limit the time
in which stainps would be received for cancellation to July 31. This
decision was promulgated in Circular No. 267, issued July 10, and was
communicated, as all previous steps in the work had been, to the Associated Press, and by them to the various papers throughout the country.
Immediately after the issuance of this circular the receipts of stamps
increased until they amounted to an average of about three hundred
packages per day. These packages varied in size from envelopes containing a score onl5^ of stamps, to boxes of several hundred pounds, the
largest package received Aveighing 750 pounds and containing over
100,000 stamped checks.
I t was necessary that each package received should be opened and a
count and record made of the contents. As this was done bj^ inexperienced hands and in haste, claims enclosed in packages were in many
cases overlooked, and errors in names and in numbering packages were
made. These errors have been a constant source of trouble and correspondence, and have caused delay in many cases in answering letters
of inquiry.
I t was also imi)ossible to make a proper record of the packages as
fast as received, and the record of packages received prior to August 1
was not entirely completed until August 15. The bulk of the stamps
received was so great that the halls of the Treasury building had to be
utilized for their storage and watchmen to be employed for their protection.
Delay was also occasioned by the fact that but two persons who had
had previous experience were available for the work. Owing to the
change in the tax on tobacco, snuff, cigars, cigarettes, and special taxes
which rendered necessary the return of all such stamps iu collectors'
hands, and the consolidation of internal-revenue districts, which necessitated the closing of nearly all collectors' accounts, the regular force
employed in the stamp division was already fully emi3loyed, and hence
could not be drawn upon for help to any considerable extent. All matters connected with the examination of claims and correspondence concerning them had therefore to be conducted by these two persons, and
the counting of the stamps prior to their cancellation had also to be
supervised by them until such time as others connected with the extra
force could be trained to take charge of some portions of the work.
Much trouble was also caused by defective claims. About one-half
of the claims received were returned for correction, many of them
several times. In other cases claimants were written to repeatedly
before the evidence required to complete their claims could be obtained.
To recapitulate, delays were caused by—
1. Lack of any specific appropriatiou tG>cover the expenses ofthe work.
2. A much larger demand for blank claims than was anticipated.
3. The fact that no sufficient force of trained clerks was available and
the work had to be done to a considerable extent by inexperienced
persons.
4. Lack of space in which to store and handle the large number of
packages received.
5. Carelessness on the part of claimants in the preparation of their
claims.
In this connection it seems proper to state that most of the trouble
with claims is cansed by the necessity of ascertaining the date on
152
REPORT ON THE FINANCES.
which stamps presented are purchased from the Government, as under
the provision of section 17 of the act of March 1,1879, no allowance can
be made for stamps unless they are presented for redemption within
three years after their purchase from the Government or a Government
^'stamp agent." This provision made the vexatious Form 81 absolutely
necessary.
The number of packages received from June 10 to July 31, inclusive,
was 4,618, containing about 12,770,869 stamps, value $255,417.38.
Of this number there now remains on hand 1,698, containing 2,407,748
stamps of the value of $18,154.96. As nearly as can be ascertained,
about 1,000,000 of these stamps were presented for cancellation and
return. The number of packages received from August 1 to date is
about 1,800, supposed to contain about 5,000,000 stamps, value $100,000.
These cases have been recorded aud numbered, and the claims for their
redemption filed, but no actiou has been taken on them. The amount
required for redeeming all these stamps received to date will be about
$350,000.
Circulars No. 259, 265, and 267 are as follows:
[Circular No. 259.]
REDEMPTION OF
1883.
^
?x™i?l''frvM^Srn^ (
INTERNAL-LLEVENUK
CHECK AND P R O P R I E T A R Y STAMPS.
TREASURY DEPARTMENT, .
O E F I C E OF INTERNAL REVENUE,
I N T E R N A L UEVENUK. )
^-.^r
i.
.
i\
r^
A
•! IC\ -«O-.O
Washixigton, D. C , April 19, lS8.i.
In viev^^ of tbe repeal, on and after July 1, 1883, of aU taxes payable by clieck and
proprietary stamps, tbe following statutory jirovisions governing tbe redemption of
sucb stamps, and t b e regulations made in pursuance tbereof, are published for tbe
benefit of all concerned :
Section 3426, Revised Statutes of tbe United States, as amended Marcb 1, 1879,
provides tbat—
" T b e Commissioner of Internal Revenue may, upon receipt of satisfactory evidence
of tbe facts, make allowance for or redeem sucb of tbe stamps issued under tbe provisious of tbis title, or of any internal-revenue act, as. may bave been spoiled, destroyed, or rendered useless or unfit for tbe purpose intended, or for wbicb tbe owner
may bave no use, or wbicb, tbrougb mistake, may bave been improperly or unnecessarily used, or wbere tbe rates or duties rei)reseuted tbereby bave been excessive in
amount, paid in error, or in any manner wrongfully collected ; and sucb allowance
or redemption sball be made eitber by triviog otber stamps in lieu of tbe staraps so
allowed for, or redeemed, or by refundi ug tbe amount or value to tbe owner tbereof,
deducting tberefrom, in case of repayment, tbe pej-ceutage, if auy, allowed to tbe
purcbaser tbereof; but no allowauce or redemption, sball be made in any case until
tbe stamps so spoiled or rendered useless sball bave been returned to tbe Commissioner of Internal Revenue, or until satisfactory proof bas been made sbowing tbe
reason wby tbe sarae cannot be so returned."
Section 17 of tbe act of Marcb 1, 1879, provides—
' ' T b a t claims for allowance on accouut of stamps arising under section 34.26 of tbe
Revised Statutes * * * may be allowed, if presented witbin tbree years after tbe
purchase of said stamps from tbe Government, or a Government agent for tbe sale of
stamps, and not otberwise."
REGULATIONS.
1. Cbeck or proprietary stamps presented for redemption sbould be addressed to
*^The Commissioner of Internal Revenue, Wasbington, D. C , " aud must be forwarded
a t tbe risk and expense of tbe cousignor.
2. Tbe stamps should be accompanied by a claira, on Form 81, copies of wbicb form
will be furnisbed upon application to tbis office.
3. Clairas raay be sworn to or affidavits made before any internal-revenue officer
authorized to administer oaths, witbout fee. Any other person administering an
oath or affirmation must show, by seal or certificate from the proper authority, tbat
he is qualified to do so. An officer in signing a j u r a t should give tbe title of bis office.
4. Check and general proprietary stamps will be redeeraed at their face value, less 5
per centum; pvivate-die proprietary staraps at tbeir fice valne, less 5 or 10 per centum,
according to tbe rate of coraraission allowed on tbeir purcha.se. Stamps may be excbanged for otber check or-proprietary staraps of equal value until July 1, 1(583.
5. In cases wbere stamped checks or drafts are presented wbicb have beeu filled up
and signed, satisfactory evidence must be furnisbed that tbey bave never been issued
COMMISSIONER OF INTERNAL REVENUE.
153
or used in any manner whatsoeA^er. If tbey have been passed to tbe payee, or indorsed, tbe stamps bave no redeemable value.
6. I n c a s e s wbere claims for redemption of imprinted stamps are allowed prior to
July 1, 1883, the blanks upon wbich the stamps are printed will, in accordance with
a long-establisbed rule of this office, be destroyed. In the case of such claims allowed
on or after J u l y 1, 1883, tbe blanks will be destroyed, unless the claimant shall specially request their return. Upon receipt of such a request, the word " R e d e e m e d "
will be impressed on the check or draft iu letters -,% of an inch in size, and the blanks,
witb the stamps so canceled, will be returned to the claimant by registered mail, free
of expense, unless he sball otherwise direct, in whicb latter case they will be returned
a t bis expense. In cases of rejected claims, stamps are always returned to clairaants.
7. In cases wbere an allowance is asked for staraps destroyed, the facts iu tbe case
should be submitted to tbis office, and special instructions as to tbe evidence required
will be given.
8. Stamps will only be redeemed when presented by a bona fide owner, or a duly
authorized agent or representative of sucb owner. V^^ben a claim is made by a person
actii'g as agent, executor, receiver, or in any other representative capacity, tbe
authority of tbe representative to so act must be sbown.
9. In view o f t h e limitation imposed by statute upou tbe presentation of claims for
redemption of stamps, it will be necessary to subrait evidence witb each claim as to
the date on wbich tbe stamps for which rederaption is asked were purchased frora
t h e Coraraissioner of Internal Revenue or a ''stamp agent." Stamps imprinted on
checks are not sold by stamp agents, and it is often impracticable to ascertain when
they were purchased from tbe Commissioner. In such cases, evidence may be furnished as to the date on which the staraps were imprinted on the blanks. Information as to tbe date of imprinting cau usually be obtained irom the stationer wbo
printed tbe cbecks. Full instructions concerning the form of affidavit required are
printed on Form 81.
10. Claims will be acted on, as nearly as possible, in the order of tbeir receipt, and
in all cases as soon after their receipt as the condition of the public business will
permit.
GREEN B. RAUM,
Coxnxnis sioner.
[Circular No. 265.—Supplemeutal to Circular No. 259.]
R E D E M P T I O N AND CANCELLATION OF STAMPS IMPRINTED ON CHECKS, DRAFTS,
1883.
) "
ETC.
TREASURY DEPARTMENT,
DEPAIITMENT No. 71. V
OFFICE OF INTERNAL REVENUE,
iNTERxXAL REVENUE. )
Washington, D. C, June 1, 1883.
Siuce tbe issue of Circular No. 259, dated April 19, 1883, many inquiries have been
received coocerning the instructionsin paragraph 6, which i)rovide, iuthe case of claims
for redemption of staraps iraprinted on cbecks, drafts, &c., allowed on or after J u l y
1, 1883, t b a t tbe stamps may be. canceled and tbe blanks returned to the consignors
upon receixit of a special request for such cancellation and return.
In answer to these inquiries, and in order to facilitate the work of cancellation," the
following araended instructions are issued:
Imprinted stamps may be presented for redemption and cancellation at once, instead
of waiting until J u l y first. Such of the stamps received as are redeemed in June
will be canceled and the blanks returned, if possible, in time to reach the owners'
J u l y first.
Stamped blanks m a y b e presented in sheets or bound in books, and will be returned
in the same condition. Blanks Avbich bave been compressed into blocks or pads must
be separated before presentation.
The cancellation of staraps will be as follows (the words " Stamp Redeeraed" being
in red i n k ) :
Requests for cancellation in any form other than t h a t indicated above, or in any
place other t b a n this office cannot be considered.
http://fraser.stlouisfed.org/ ,o
Federal Reserve Bank of St. Louis
154
REPORT ON T H E
FINANCES.
Claims for redemption of imprinted stamps sbould be made on Form 81—''Revised
April, 1883," copies of which will be furnished upon application. Care should ;be
exercised in the preparation of claims, as stamps will in no case be canceled until'
tbe claim for their redemption bas been examined, and found to be satisfactory.
Cases will be taken up for examination in the order of their receipt. If tbe claim
in any case is complete, the stamps accompanying it will be ordered canceled at once.
If the claira is incoin^jlete, and it becomes necessary to call for additional evidence,
the case will be laid aside and no further action will be taken until the additional
evidence is received.
• .
WALTER EVANS,
Coi7i missioner.
[Circular No. 267.]
MODIFYING CIRCULAR NO. 2 5 9 AND SUPPLEMENT
1883.
)
THERETO.
TREASURY DEPARTMENT,
Washingtoxi, D. C , July 10, 1883.
In view of tbe fact t h a t tbere was no specific appropriation made by Congress at
its last session to meet the expense of the cancellation and return, after redemption,
of stamps imprinted upon checks, drafts, &c., it becomes necessary to inform tbe
public t h a t such drafts, cbecks, and stamps will not be received for cancellation and
return after redemption after the 31st day of July instant. All stamps imprinted
upon drafts, checks, &c., received for redemption after that date, if redeemed, will
be destroyed, togetber Avith the drafts or checks.
WALTER EVANS,
Commissioxier.
This office has felt the full force of the enormous pressure of the work
of cancelling and redeeming stainps. Parties sending in stamps, in
many instances, imagined that the redemption was a cash transaction,
wherein the money was given over the counter in exchauge for stamps.
Appreciating its importance to busiuess men, the work on stamped
checks sent iu for cancellation aud return has beeu vigorously pushed
forward, and the greater portion of such check stamps have beeu imprinted and returned to owners.
Work on check stamps forwarded for redemptiou and destruction has
also beeu energetically pressed, and the claims are being rapidly passed
aud forwarded to the Fifth Auditor of the Treasury for settlement. A
large number of persons apparently unaware of the conditions prescribed
iu Circular Ko. 267 (although the utmost pains were taken to disseminate this circular through the newspaper press), sent in stamped checks
for cancellation and return, after July 31, 1883, aud are now anxious
that this circular shall be modified so as to admit of their checks being
imprinted and returned. I t is, perhaps, a hardship that such persons
should lose either the stamps or the checks thus forwarded, but the demand upon the appropriation of the Bureau of Engraving and Priutiug
to pay the cost of this work has been so great, and that appropriation
has been so depleted by this unexpected drain, that it is difficult to do
otherwise than rigidly adhere to the requirements laid down in Circular
JSTo. 267. When the Chief of the Bureau of Engraving and Priutiug saw
the dilemma in which this office was placed by the number of claims
made under Circular No. 259, issued by my predecessor, and when it
Avas found that the appropriation of $20,000 above referred to was not
available to pay for carrying out its promise, to relieve the great embarrassment of this Bureau which would result from abandoning the
position taken iu that circular, owing to the lack of funds to carry out
its provisions, he consented to do the work, the First Comptroller being
of the opinion that it could be done and lawfully paid for by him.
I desire to express the very grateful thanks of this office to the Chief
of that Bureau for this aid, which, whileit was a great favor to this
c
COMMISSIONER OF INTERNAL REVENUE.
155
Bureau, was also of special benefit to the public. It is sincerely hoped
that Congress will not hesitate to supply any deficiency resulting from
this action of the Bureau of Engraving and Printing by an additional
appropriation.
MANUFACTURE OF P A P E R .
During the fiscal year there was manufactured by the Fairchild
Paper Company, of Boston, Mass., under contract entered into September 19, 1882, 423,436 pounds of paper for (printing) internal-revenue
stamps. The rates paid were 1 0 | cents per pound for vegetable-sized,
and I l | cents per pound for animal-sized paper.
The contract with this company bas been continued for the manufacture of such paper as may be required during the current fiscal year,
and orders have been given to this date (October 23, 1883) for 332,938
pounds.
Animal-sized paper was used exclusively for check and proprietary
stamps, and, owing to the repeal of the stamp duty on checks, and proprietary articles, will be no longer required.
PRODUCTION OF STAMPS.
During the last fiscal year all internal-revenue stamps have been produced by the Bureau of Engraving and Printing, except stamps imprinted upon bank checks, which have been supplied by the G-raphic
Company of JSTew York City, and stamps upon foil wrappers for tobacco, which have beeu printed by Jno. J. Crooke & Co., of New York.
The contract with the Graphic Compauy was closed June 15, by
reason of the repeal of the tax ou bank checks. •
TOBACCO.
The collections from tobacco for the fiscal year ended June 30, 1883,
were $42,104,249.79. In this amount are included taxes imposed upon
imported manufactured tobacco, snuff, and cigars, in addition to customs duties, the taxes imposed on domestic manufactured tobacco,
snuif, and cigars, the special taxes paid by manufacturers of tobacco,,
snuff, and cigars, the special taxes paid by dealers in leaf and dealers
in manufactured tobacco, and it also includes the receipt of money for
export stamps sold to exporters of tobacco.
The collections from the several sources above named for the last
fiscal year are less than those of the fiscal year immediately preceding
by the sum of $5,287,739.12.
R E C E I P T S FROM TOBACCO AND SNUFF.
Manufactured tobacco, at 16 cents per pound
Manufactured tobacco, at 8 cents per pound
Snuff, at 16 cents per pound
Snuff, at 8 cents per pound
Total for year ended J u n e 30, 1883
Total for year ended J u n e 30, 1882
Decrease in collections on tobacco and snuff
$17, 860, 455
4,275,947
626,546
109,476
34
19
12
70
22,872, 425 35
25,812,392 84
2,939,967 49
Of this decrease $2,897,339.44 was on chewing and smoking tobacco
and $42,628.05 on snuff.
156
REPORT ON THE FINANCES.
RECEIPTS FROM CIGARS AND CIGARETTES.
Cigars taxed at $3 per thousand
Cigars taxed a t J 6 per thousand
Cigarettes taxed at 50 cents per thousand
Cigarettes taxed at |1.75 per thousand
Cigarettes taxed at $3 per thousand
Cigarettes taxed at $6 per thousand
Total collections for year ended J u n e 30, 1883
Total coUections for year ended J u n e 30, 1882
Decrease in collections from cigars and cigarettes
$2, 472,118
14,423,096
76,214
853, 079
33
647
80
35
38
05
60
70
17, 825,189 88
19,218, 422 47
1, 393,232 59
Of this decrease $1,350,637.22 was on cigars and $42,595.37 on cigarettes.
OTHER COLLECTIONS.
Recei pts frora export stamps sold year ended J u n e 30,1883
Eeceipts from export stamps sold year ended J u n e 30, 1882
Decrease in sale of export stamps
Dealers in manufactured tobacco in 1883, at $5
Dealers in manufactured tobacco in 1883, at |2.40
Total for year ended J u n e 30, 1883
Total for year ended J u n e 30, 1882
Decrease in collections from dealers in manufactured tobacco
Special taxes, manufacturers of tobacco in 1883, at $10
Special taxes, manufacturers of tobacco iu 1883, at $6
Special taxes, manufacturers of cigars in 1883, at $10
Special taxes, manufacturers of cigars in 1883, at $6
Total coUections for year ended June 30,1883
Total collections for year ended June 30, 1882
Decrease special taxes, manufacturers of tobacco and cigars
$876 00
6,554 40
5, 678 40
301,551 16
932,261 77
1,233,812 93
2,094,536 21
860, 723 28
621
5, 076
11,255
85, 643
102, 596
152,622
50, 025
38
50
16
84
88
14
26
Of this decrease $46,960.66 was on special taxes from manufacturers
of cigars, and $3,064.60 from manufacturers of tobacco and snuff".
Special taxes, peddlers of tobacco, year ended J n n e 30,1883
$14,813 63
Special taxes, peddlers of tobacco, year ended J u n e 30,1882
22, 875 22
Decrease in collections from peddlers of tobacco
8, 061 59
Special taxes, leaf dealers, year ended J u n e 30,1883
Special taxes, leaf dealers, year ended J u n e 30,1882
Decrease in collections frora leaf dealers
54,535 12
. 84, 585 63
30, 050 51
COMPARISON WITH PRECEDING YEAR.
The above statement shows that the collections made during the fiscal
year ended June 30, 1883, were less than those made during the fiscal
year ended June 30, 1882. The decreases were—
From specific taxes:
Tobacco and snuff'
Cigars and cigarettes
From special taxes:
Dealers in manufactured tobacco
Manufacturers of tobacco and cigars
Dealers in leaf tobacco
Peddlers of manufactured tobacco
From sales of export stamps
Total decrease of collections
$2,939,967 49
1, 393,232 .59
860,723
50, 025
30,050
8, 061
5, 678
28
26
51
59
40
$5,287,739 12
COMMISSIONER OF INTERNAL REVENUE.
157
PRODUCTION OF MANUFACTURED TOBACCO, CIGARS, E T C .
The production of tobacco, snuff', cigars, and cigarettes for the fiscal
year ended June 30,1883, as shown from the several quantities removed
for consumptiou on payment of tax, together with the quantities removed in bond for export, is as follows :
Pounds.
Tobacco taxed
Tobacco taxed
Snuff taxed at
Snuff taxed at
at 16 cents per pound
at 8 cents per pound
16 cents per pound
8 cents i)er pound
111,627, 846
53,449, 340.
,
3,915, 913
1,368, 45^
Total quantity removed for consumption
Tobacco and snuff removed for exportation
170, 361, 558
10,951,755|
Total apparent production
Total apparent product, year ended June 30, 1882
181,313, 313|
172,153, 816
Total increase of production
9,159, 497|
Of this increase 9,036,957 pouuds were removed for cousumption, aud
122,540^ pounds were exported.
PRODUCTION OF CIGARS AND CIGARETTES.
Cigars and cheroots, taxed at $6 per thousand
Cigars aud cheroots, taxed at $3 per thousand
Cigarettes, taxed at $1.75 per thousand
Cigarettes, taxed at 50 cents per thousand
Cigarettes, taxed at $6 per thousand
Cigarettes, taxed at $3 per thousand
Cigars rerao ved in bond fbr export
Cigarettes removed in bou^, for export
2, 403,849, 392:
824, 039,600^
487, 473, 743.
152, 428, 760
107,950
11,200
2, 773, 375
76, 888, 060
,
Total product for fiscal year 1883
Totai product for fiscalyear 1882
3,947, 572, OSG
3,662,973,076.
Total increase of production
284,599, 004
Of this increase 186,234,977 were cigars and 98,364,027 cigarettes.
IMPORTED CIGARS.
The cigars imported during the fiscal year ended June 30, 1883, as.
given by the Bureau of Statistics, were as follows:
Pounds.
Aggregate in quantity
Of this quautity there were exported
:
•
829, 777
55,584
Leaving to be withdrawn for consumption
774,193.
Allowing 1.3-^ pounds to the thousand, as the weigbt of imported cigars,
tbe number would be
.57, 347, 629^
Number of cigars Avithdrawn in 1882
54, li'O, 889Increase in number of cigars for the fiscal year 1883
3,156, 740*
R E V I E W OF T H E TOBACCO TAX.
The act of March 3, 1883, reduced the rates of tax on all manufactured tobacco, snuff', and cigars one-half, and on cigarettes weighing not
more than three pounds per thousand, to two-sevenths of the previous,
rate. The same act reduced all special taxes imi>osed upon manufacturers of and dealers in tobacco under various forms fully 50 per cent^
These rates became operative on and after May 1, 1883, so that nearly
all the special taxes for the last fiscal year were collected at the reduced
rates; During the last two months of the fiscal year, the taxes on
tobacco, snuft', and cigars were collected at the reduced rates. All
changes and prospective changes in the tax laws disturb the normal
158
R E P O E T ON THK
FINANCES.
condition of trade. It is therefore impossible! to tell, iintila law has
been in operation for a sufficient length of time to counteract the influence of changes which materially aff'ect prices iand stimulate or retard
business operations, what will be its eff'ect on the revenues.
Supposing the tobacco, snuff*, cigars, and cigarettes had all been taxed
at the present rates, the aggregate receipts Avould have been as follows:
170,361,558 pouDds tobacco aod snuff at 8 ceuts per pouu(;l
3,227,888,992 cigars at $3 per thousaud
119,150 cigarettes at | 3 per thousaud
i
639,902,503 cigarettes at 50 ceuts per thousaud
\
Total receipts therefrom would have been
Actual receipts therefrom were
Difference would be
,
|13,628,924
9, 683, 666
357
319,951
64
97
45
25
J
j
23,632,900 31
40,697, 615 23
......:
17,064,714 92
A t the old rates the aggregate receipts on the same quantity of tobacco and snuff*, and numbers of cigars and cigarettes, would have been
$47,745,727.50, and the diff*erence would have been $24,112,827.19 more
than at the present rates of tax thereon.
The actual receipts from special taxes were $1,405,758.56. Had the
old rates contiuued the same number of persons employed in the different kinds of business would have paid special taxes aggregating
$2,525,999.73, or $1,120,241.17 more than were paid.
These figures show that the reduction of tax rates made by the act
of March 3, 1883, will, on the basis of last year's business, cause a reduction of revenue from tobacco during the next fiscal year of at least
twenty-five million dollars.
.a
^
•
o fl
ci
:i.
u
u il!
CD 0
m 111
«Hr^
31
Alabama
45, 260
12
1, 684, 775
14
Ai'kansas 26, 340
I, 269, 635
California
296
3, 555, 575
156, 829, 968
12
4, 050, 650
42
36, 810
Colorado
1, .509, 815
2
305
719,151
Connecticut
29,768,159
19
Dakota
25
14, 954
. 1,501,736
5
Delaware
41
101, 861
4, 947, 222
Florida
241, 410
22
131
970, 016
42, 037, 658
Georgia
. .. .
16
33
67, 228
3, 210, 930
Illiuois
100
1,153
3, 712, 885
160, 068,1.50
981, 000
Indiana
70
417
1,149, 291
48, 555, 736
Iowa
55
282
904, 404
39, 028, 046
Kausas
2
119'
317,'527
13, 560, 756
Kentucky
• 25
234
830, 650
35, 229, 036
IiOuisiana
7, 630, 918
22
137
923, 066
24, 859, 505
Maine
55
2
95, 042
4, 393, 075
Maryland
66
695
2,163, 609
90, 50-^, 758 30, 512, 095
Massach u s e t t s . . . .
1,
755,
955
525
40
1, 862, 908
76, 235, 093
Michigan
70
512
2, 256, 517
91,272,120
Minnesota
107
26
543, 264
23, 020, 528
Mississippi
2
586
23, 850
Missouri
551
1,^434, 432
63, 818, 923
54
Montana
4
2. 425
102, 350
Nebraska
72
156, 128
7,103,105
18
I^evada
1
631
19, 650
1
New Hampshire . . .
41
67, 295
2, 985, 242
445,100
1
New Jersey
708
61.723,509
1,429.125
87
New York
3,898 26, 294, 618 1, 072, 385, 970 444, 092, 867
151
Number of cigars apparently deficient
in production and
cigar accounts.
States and Territories.
I'd
io to
Number of pounds
of leaf used in the
manufacture of cigars.
STATEMENT shoxving the PBODUCTION of CIGABS and CIGABETTES by STATES
and TEBBITOBIES for the year ended December 31, 1882.
P-fl
m*3
ft
<1
H
$215 25
122, 545
220, 605 $i, 323 63
19, 940
119 64
126, 590
759 54
9,860
59 16
734, 455
431, 795
982, 956
560, 312
727, 380
4,810
258, 386
166, 360
28, 310
277, 407
428, 318
1,316,529
161,160
235, 734
166, 425
5,590
300
.545, 605
1, 492, 099
4, 406
2, 590
5, 897
3, 361
4 364
28
1, 550
998
169
1, 664
2, 569
7, 899
966
73
77
12
73
1
87
7
lfi
28
86 i
32
9
16
133
86
44
37
91
11
17
12
96
196
1, 414 40
998
33
1
3, 273
8 952
13 98
152 80
511 80
90
80
00
40
50
70
20
10
70
80
111 60
55
18 60
54
80
63 " 2 0 8 ' i o
59
38 l o
COMMISSIONER
OF
INTERNAL
159
REVENUE.
STATEMENT shoxving the PBODUCTION of CIGAB.S and CIGABETTES, cj-c, for the
year ended December 31,-1882—Continued.
CO
©
'Srfl C
o
States and Territories.
2S«^
5^^ .2 ;
'O R
o o •
tl p<
ri2 o
North Carolina .
Ohio
Oregon
Pennsylvania...
Rliode Island . . .
South Carolina..
Tennessee
Texas
Utah
Vermont
Virginia
Washington . . .
West Virginia..
Wisconsin
21
1,471
9
3,838
67
20
33
66
1
20
160
3
105
418
Total ........!16,
a
m
C 03 ;:
SS)
2, 768, 475
277, 386, 485
83, 285
623, 846, 832
8, 220, 218
1,158. 390
3, 695, 245
4, 234, 019
235, 350
2, 951, 955
24, 276, 884
3,700
37, 451, 775
73, 901, 039
97,
6, 364,
20,
13, 664,
180,
27,
82,
101,
5,
65,
788,
748,
1, 696,
18,159, 260
1, 259, 820
682, 710
238, 600
eg I"
ci o
cc'o
JScpJ
^ pbs
ill
3 p^.^
21
107
3
127
1
8
16
14
1*722,'356'
$91 32
5, 902 77
110 76
4, 390 93
24 79
144 70
2, 798 28
450 24
6,770
170, 040
40 62
1, 020 24
2 40
13, 320.
79 92
199,126 1,194 76
473 40
82 30
73, 525, 401 3,117, 860, 952 598, 772, 735 ,1, 231 11, 731, 692
RECAPITULATION.
Number of accounts reported
Number of pounds of tobacco used
Nuraber of cigars reported manufactured..'
:
Number of cigarettes reported mauufactured
Nuraber of accounts in which deficiencies were found
Number of cigars apparently deficient
Tax ou cigars apparently deficient
Apparent deficiencj'^ in stamps
$5 40
687 00
15, 220
983, 795
18, 460
731, 822
4,131
24,117
466, 380
75, 040
58 00
94 60
7 80
12 60
I, 651 87 3,132 83
:
16, 663
73, 525,401
3,117, 860, 952
598,772, 735
1, 231
11, 731, 692
$69, 651 87
$3,132 83
:
COMPABATIVE STATEMENT shoxving the B E C E I B T S from MANVFACTUBED
TOBACCO, S N U F F , CIGABS, CIGABETTES, and SPECIAL TAXES relating to
the MANUFACTUBE and SALE of TOBACCO, for the six xnonihs ended Septeniber
30, 1882 and 1883, respectively.
April.
1882.
$744 730
26*477
6,51,983
51, 712
486, 022
May.
1882.
1883.
Tobacco
$1, 923, 902 67
Snuff
:
66, 230 76
1, 411, 577 79
Cigars
.
Cigarettes
68, 833 60
Special t|xes relating
792, 548 00
Total
.|
1
!
June.
1883.
1882.
1883.
1
. •
79 $2 147 035 85 <fe9, Cifi9, Rd4 7 7 $2,091,071
.57. 099
86, ' 59,055 4 5 ! ' ' 76,'.586 46
43: 1,557,832 79 1,569,751 79, 1,584,310
99!
75, 898 46'
43. 968 25! 100. 044
88- 1,130, 094 36
537,97116!
107,800
1
46 $1,315, 546
99.
32. 890
01
904,383
17
32, 279
33
59,170
4, 263, 092 82 1, 960, 927 95! 4. 969. 916 91 5,191,122 43! 3 940. 325 96 2,344,270 53
July.
1882.
September.
1883.
1882.
1883.
1882.
!$2, 042, 033 52 $977, 398 40 52, 471, 533 79 ,161,126 84, $2, 364, 360 05 $1,
Tobacco
36, 840 17
81, 302 98
56, 911 4l|
73, 721 72;
Snuff
33, 775 01
1, 560, 330 401 854, 501 43! 1, 803, 482 68 959,259 17! 1,786,633 31
Cigars
109, 788 50
40, 423 491
28, 554 08
93, 483 07
95, 893 27
Cigarettes
51, 332 27
51, 880. 35
60,431 29
35,185 90
29,617 56
Special taxes relating
to tobacco.
Total
29
24
67
73
60
1883.
263,
40,
926,
41,
28,
881
393
476
350
737
19
13
11
64
31
I 3, 815, 599 89 1, 929, 414 821 4, 509, 858 ! 2, 227, 267 23 4, 377, 659 76 2, 300, 838 38
From the above statement it appears that the receipts from the various sources relating to raanufactured tobacco, snuff, cigars, &c., for the six months ended Sexitember 30,1882, were $25,876,454.30,
and for the corresponding period in 1883 $15,953,841.34, showing a decrease of $9,922,612.96, or 38 per cent.
STATEMENT of ihe N U M B E B of TOBACCO FACTOBIES In each STATE, the AGGBEGATE QUANTITIES of L E A F TOBACCO and OTHEB
M A I E B I A L S USED, and ihe AGGBEGATE QUANTITIES of ihe D I F P E B E N T K I N D S of MANUFACTUBED TOBACCO PBODUCED
' dxtring the calendar xjear ended Decembei' 31, 18H2, and OTHEB STATISTICS, as shown by the BEPOBTS MADE io T H I S OFFICE on FOBM No.
146, by the INTEBNAL BEVE.IS UE COLLECTOBS.
at)
O
T o b a c c o a n d snuff p r o d u c e d a n d iu
p r o c e s s of p r o d u c t i o n .
L e a f t o b a c c o a n d o t h e r m a t e r i a l s u s e d in m a n u f a c t u r i n g t o b a c c o a n d snuff.
<o.2
States and Tenitories.
S o
Leaf used.
Arizona . . . .
A» Kansas
California
Connecticut ...
. Delaware
G»'oraia
Illinois
Indiana
Iowa
Jvaiisas
Kentucky
Louis-ana
Maryland
Ma.'i^aoh u s e t t s .
Michigan
Minnesota
Missouri
New Jersey..^.
N e w Toi k . . . N o r t h Carolina*
Ohio
Penn-«ylvania .
South Carolina.
Tennessee
Texas
Virginia
AVest V i r g i n i a .
Wisconsin
Total....
1
7
9
2
1
7
20
8
3
1
59
42
11
10
7
1
57
13
74
167
33
31
0
27
4
164
774
Pounds.
1.607
66, 735
729, 422A
1,414. .564
37. 373
9, 700, 4.53
40,126^
231, 743
51.^80
9. 607, 6Ts'n
2,519.755
3, 46fi, 941
49.5, 006
4,197, P50
350
18. 592. 772^
19. r31,871f
13,568,018
16, 204, 437i
6, 695. 966.^
3, 058, 031
811.143
7.886i
43, 678, 725|
56. 832
3, 826, 839
158,693,4831
Scraps
used.
Pounds.
191
1.866
8, 5 9 8 |
528
1,V'37
422, 491
18,941
7,239
1, 131
104, 547
4, 390
722, 160
10,414
132, 306
461,186^
391. 089
581, 275
221, \66h
124, 81.S
216, 7371
Stem.s
used.
Licorice
used.
Sugar
used.
Other
materials
used.
Pounds.
Pounds.
Pounds.
Pounds.
2. 346
52, 735
59, 835
1.031
404, 066
4, 061, 774f
557
10, 000
808
484, 997A
398"
5, 4.^0
37
561,314
2. .571
141,434
1.5, 0S5;^
33.5,406
Pounds.
782^
6, 432
30, 136
1, 1.55
255, 928
], 160
310, 067A
526
2.n, 371
1. .580
202, 694i
43, 29(
63.5,331^
138, 730*
369, 265
668, 410i
1,111"
15,405
1,111
843, 938
892
3, 439
163
, 286, 990
20, 690
.•15, 6!6i
59. 834"
245, 503
1,967
1, 391, 094^
1, 707"
3,716
305
1,162.(1.54
7, 239
86. 3.53A
.57,233'
541, 640
945,620i
518,710
189.283
360, 981
39.3,916
27, 994
2. 370, 908
2.188, 889
892. .576^
326,1.50^
777, 069
23, 168
1,868, 03-?i
1, 905, 720
903. 000
127,001
897, 936
16, 93 U
473, 350*
619, 510i
1, 088, 50ir 2, 070, 450|
741.5201
886. S88f
363, 70.5i
726, 4721
284, 768
448, 493i
31,446*
203, 973
36, 082
2, 396, 099
1, 278^
67, 544
20, 482
20
1,998,251
3, 537
192, 290
1, 232*
1|
1, 863, 340^
34
88, 388
32, 426
36, 399^
3,224
255, 865|
316,182
53, 595
7,430
63, 160
T o b a c c o in
process.
'592,'770"
5,254,301^ 11, 653, 339^ 11,257,100
6, 640, 486f
1,200
733, 372§
2,102
106, 875
7, 682, 627f
Total
materials
used.
Ping
made.
Fine-cut
made.
Smoking
made.
Pouxids.
Pounds.
Pounds.
2, 580*
56, 909i
8.5, 366
614,829
894, 0o2§
1, 6^3
1, 730, 327
45. 287
.34, 712
13, 557,107*
, 700, 334
2.311,929^
62, 590*
37, 4575
309, 364
'"'2i,'536'
54, 596
34, 207
12, 925, 2.54
!, 087, 047
1,062,1)^9^
2, 597, 935]
1, 574, 806^
20? 591
6, 776, 247
140, 941
8, 481^
784,074
444,163^
5, 837, 375
2, 204, 696§
350
25,331,381 15, 606, 770J " ' 2 3 9 , 73U
27,79.5,2311 14,019,405^ 2, 541,137
17, 762, 5B1§ 4,121, 296* 3, 528, 956^
18, 329, 914^ 7,112,471
9, 622, 961f 3, 955, 550^ 1,351,738
44, 298
78, 653J
3, 578, 2 8 l i
4,186, 303§
15, .5241
262, 756
9, 043i
1,10.5, .3291
265, 496^
4,911,893i
10,133*
3, 086, 5 8 4 |
350
4, 066, 021
2,97.5,070 .
6, 497, 820f
4, 628, 592J
2, 620,.523i
2, 043, 630f
880, 681
623, 5081
7,907f
50,961,736^ 36, 500, 299
15, 350
379, 965^
3,580
4, 928, 301
20, 764f
7, 661k
1,158, 951 f
324, 787
3, 801,462^
205,243,112^ 96,041,262
* "yhe aljove retuiijis from N p r t h C a r o l i n a a r e iiot p e r f e c t on a c c o u n t of t h e c p r r e p t i o n s n o t Ipeing r e c e i v e d in t i m e .
735, 464i
Pounds.
1, 681i
2. 476
56, 634^
528
15, 791, 773J 42, 060, 026|
Pi
•n
o
pi
H
O
W
a
w
Ul
STATEMENT of ihe NUMBEB of TOBACCO FACTOBtMS in E A C H STATE, ^c—Continued.
T^
O
States and Territories.
3
T o b a c c o a n d snnff p r o d u c e d a n d i n p r o c e s s of p r o duction.
Snuff
made.
Pounds.
Arizona
-.
Arkansas
California
Connecticut
Delaware
Georgia
,
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maryland
Massachusetts....).
Michigan
Minnesota
Missouri
New Jersey
New York
N o r t h Carolina*' . . .
Ohio
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
W e s t Virginia
Wisconsin
Total
1, 478,162
"'*53,'i34'
1
59
42
11
10
7
1
57
10
74.
167
33
31
0
27
4
164
8
7
774
49, 901
476, 881^1
57,003§
49, 8 5 7 |
1, 886, 901§
121,091-g46, 7 6 6 |
17, 365^1
770,638^
62f
11, 979
3,119
5, 022, 863§
Total made.
I n process
J a n u a r y 1,
1883.
Scraps
t a k e n out:
Loss—dirt,
Stems
&c.
t a k e n out.
Total.
Total product.
Pounds.
447i|
1, 7561
23, 990
Pouxids.
849ij
17, 5441
156,640
Pounds.
50
59, 385JI
8,436
671,463i
66,106
528
1,155
1, 478,162
252,165
34, 712
2,619
11, 251, 700^1
397, 392
52, 982^1
284, 286
24,120
43, 25011
1,248
222, 229|1
10, 254, 566t
41, 764^1
1, 910, 795
.655,344 '
5, 538,198^
134, 418
511, 300§
317, 741i|
5, 291, 2 8 0 |
350
19, 962, 3 8 l i |
771, 457*
21, 422, 5 1 3 | 2, 256, 0 2 8 |
14, 269,165
907, 674f
2,103,121|
11, 787, 830^
7, 945,177
579, 687i
2,937,220i|
204, 428^
Pounds.
Pounds.
1, 7 3 H
67, 82 H
9,920
737, 569i
1,683
1,730,327 I
7
37,331
310, 865
11, 649, 092*1
52, 982*1
500
308, 406"
• 44,498*1
10, 476,796|i
123, 024*
1, 952, 559^1
549
439i|
6,193, 542^
954
645, 718§
76, 737
5, 609, 022i
350
269, 247
20, 733, 838|1
23, 678, 5421]
3,842
15,176, 839f
64, 790*1
13, 890, 952^
506, 877f
8, 524, 864i
55.539
3,141, 6 4 8 |
i;648
644, 2731
7, 729I
37, 671, 229|
• 340,137
4, 543, 626
25, 374§
223, 899J
656, 9491
193, 213|
5,311
7, 729§
1561
156il
38, 419, 8461 1,666,45611 8, 871, 696^ 2, 010, 648i|12,548,801*
38, 010*'
341, 955
14, 425^
23, 570
15
230, 515
229, 769^1
4, 698, 823
745^
Pounds.
1,65
158, 915, 9 2 5 |
12,676
•'748,"6i6i
1,818
155,197
Excess.
168,781,420^
Pounds.
402
15, 788
122, 730
7,534
1, 560, 270
6, 473||
9,0(
, 325, 093*1
587,245f
. 530
103, 904
325, 979
4, 020, 679i
4,146, 705
2, 440, 26611
2, 626. 860i
1,035, 21 l i
151, 440
3, 096,722| 28, 566, 2621
423
7,964
114, 939
1, 986, 074
2, 687§l
9,661^1
958
958 I
10, 097*
1, 028*1
129, 720*1 2, 577, 838^
69, 201"
656, 995^1
655, 5 0 5 |
654, 536^1
142, 2631
37,4051
484, 722^
82, 006||
349, 3 1 5 |
171,551i
203,566i
1, 315, 480*
69, 935"
• 311, 550§|
4, 639, 241|
4, 322, 098S
2, 70S, 6231
4, 449, 218§
1,160, 6851
464, 638§
5, 830, 016^ 37, 493, 0 0 1 |
Tobacco
on h a n d
J a n u a r y 1,
1882.
Excess.
Pounds.
Pounds.
42, 225
1561
78,059
531I
f29, 380fi
11,620 I
72, 8 0 0 |
3, 907|!
256,370^
41,
205,
122,
10,
62,
27,
699|
409^
901i|
256
558
505§|
167*
530
838||
49, 704
439, 254i|
208|
16, 630
14, 026
574, 450^
227, 201^1
986
431i|
223
1, 274
1, 532, 812
15, 060^
145, 425i
4, 514, 078#1
496, 469
110, 803i
• 30, 274
385, 778*1
6, 911f 1 I, 989, 335i
'i,"637
6, 851
22, 271
1, 030, 295§ 19,132,142^
* T h e a b o v e r e t u r n s from North. C a r o l i n a a r e n o t p e r f e c t on a c c o u n t of t h e c o r r e c t i o n s n o t b e i n g r e c e i v e d i n t i m e .
O
O
.g
Ul
HH
27
11
o
Pi
1,213
5,443|
8, 230^
o
t2j
H
12, 9921
561i6, 4141
4
117^
Pi
W
<
6, 066^
'"'"'3i
41, 938§
izlPi
STATEMENT of the NUMBEB of TOBACCO FACTOBIES in E A C H STATE, 4'C.—Continned.
T o t a l tobacco to be
accounted
for.
states and Territories.
Arizona
Arkansas
California
Connecticut
Delawai-e
Georgia
Illinois
Indiana
...
IOTQI
Kansas
Kentucky
Louisiana...
Maryland
M a s s a c h u s e t t s ..
Michigan
Minnesota
.,
Missouri
New Jersey
New York
N o r t h Carolina*
Ohio
Pennsylvania ...
South Carolina..
Tennessee
Texas
:....
Virginia
West Virginia...
Wisconsm
1
57
13
74
167
33
31
0
27
4
164
8
7
Total
774
1
59
42
11
10
Pounds.
1, 68U|
101, 660
671, 463^1
1, 058
1, 577, 001
84, 443
11, 690, 9651
67,191i
300, 916
57, 276^
10, 830, 2 2 9 |
2,143, 440
5, 945, 414i|
514, 7 3 t
5, 293, 503;
1,624
21, .508,18.51
21, 437, 574f
14,415, 152^
16, 308, 32.31
8,441,6.50
3, 048,141§|
30, 274 '
1, 030, 8.541
7, 729^
47, 666, 63 If
346, 988
4, 565, 900§|
Unsold, .
J a n u a r y 1,
1883.
Exported.
Burned,
stolen, destroyed.
Pounds.
Pounds.
Pounds.
29. 897-1
317, 088 '
606
84, 437-il
44, 551
• 797,089J
12, 366'
21, 384
15, 320
712. 32.5|
23.5, 074j
464, 279f
4, 043
10, 169%
689J
1, 805, 006f
24, 260
162, 742J
4, 028, 507*
492, 5 1 3 |
102, 4061
15, 516
418, 1911
299a
8, 961, 776§
40, 806^
34, 815^
36|I
208,674
137
2, 338|!
2, 390
1,766
19, 050
7,883
1,790
4, 903
28, 372^1
3, 970^
1,520
10.3, 258
673, 5 4 2 |
77,1591
95
4, 453
26, 709
103
13311
165, 638f I
11,691 i
1,625
• 1, 919^
8,484, 4701
'443,*957i
178, 090,006^1 18, 836, 703i I 9, 593,176i|
691, 676^j
m
Sold.
Pouxids.
1, 6811
71, 725*
347, 2501
452
1, 492, 56311
39, 755
10, 682, 863^
54, 816f
279, 532
41, 956i
10,11.0,610^
1, 878, 227^
5, 458,11 • •
502, 8051
5, 279, 319%
934f
19, 674, 950^
21, 309, 9.531
13, 578, 733^
12, 037, 0171
7, 937, 3501
2,941,197t!
14,758
610, 743f
7,430^
29, 776, 427^
306,181^
4, 531, 0361
Stamps required.
$269
11, 476
55, 560
72
238,810
6.360
1, 709, 258
8, 770
44,725
6, 713
1, 617, 697
300, 516
873, 298
80, 448
844, 700
149
3,147, 992
3, 409, 592
2,172, 597
1, 925, 922
1, 269, 976
470, 591
2, 361
97, 719
1,188
4, 764, 228
48, 989
724, 965
at)
to
Leaf
on h a n d .
Scraps
on h a n d .
Stems
on h a n d .
Pounds.
Pounds.
Pounds.
907
4,249
25, 500
00
08
04
32
20
80
16
68
12
04
70
40
26
92
70
56
02
60
34
86
06
58
28
00
82
40
04
88
3, 204, 266
3,496, 232
5, 546, 790
1,333,612
1, 536; 664
636, 487
236
93, 923
1,239
3, 406, 090
19, 105
1, 762, 329
148, 968, 449JI23,834, 951 86
31, 696, 085
11, 598
182, 311
1, 589,110
3,566
2, 834, 042
5,832
17,473
15, 960
1, 700, 8.50
578,455
2,184, 305
137,424
1, 398,186
805
3,293
3,770
514
525, 567^1
5,143 '
944
101, 962
1,500
696,970
2,905
90,197
3.798
365, 544
6,144
423, 878
155, 817
4,639
468, 312
104.613
128, 084
88, 961
595, 957
368, 756
144, 711
106, 955
84,290
1, 525
11,272
110, 640
836,471
251, 843
1, 976, 607
710, 203
10, 002
13, 435
161. 570
1, 072, 200
86,104
13,196
2, 800, 457
3.000
211, 478
4, 003, 524^1 8, 781,164
* T h e ftbove r e t u r n s from N o r t h C a r o l i n a a r e n o t p e r f e c t , o n a c c o u n t pf t h e c o r r e c t i o n s n o t b e i n g r e c e i v e d i n t i m e .
Stamps
on h a n d .
$43 12
12, 289
15
5, 289
138
09
68
54
80
3, 716
573
6, 881
320
4, 599
26
8, 984
6, 671
25,122
4, 577
3,260
1, 575
218
405
28
5, 355
38
02
50
60
06
44
83
37
97
67
02
07
56
04
40
50
4, 618 55
94, 711 21
Pi
o
O
w
I—(
o
w
Ul
COMMISSIONER OF INTERNAL
DIRECT
163
REVENUE.
TAX.
I desire to call attention to the subject of the direct tax; and with a
view of making some suggestions regarding the balance uncollected, I
liave the lionor to report somewhat in detail regarding it.
The subject, I know, is not a new one, but it was left, many years
ago, in some portions of the country, in so unsettled and unfinished a
condition that even at this remote period there are complications and
complex questions arising in connection with it which this ofSce is called
upon to consider; and my attention is directed to the fact that many
were called upon to pay the tax, and many adjacent and in close proximity to them were not and have not been called upon to pay the amount
charged against them. The amount uncollected exceeds three millions
ofdollars, as will be seen from the subjoined statements which I herewith submit, showing the iamount apportioned to each State, Territory,
and the District of Columbia under the act of Congress approved
August 5, 1861, also showing the amount paid and unpaid in each, the
amount realized from sales of lands for non-payment of the direct taxes
charged against them, under the act of Congress approved June 7,1862,
and from resales or sales of lands which were bid in by the tax-commissioners and the titles to which became vested in the IJnited States.
s t a t e or T e r r i tory.
Amount due
15 p e r c e n t , after d e d u c t deduction.
i n g 15 p e r
cent.
Quota.
$420, 826
218,406
211, 068
824, 581
116, 963
308, 214
2, 603, 918
450,134
1, 946, 719
74, 683
00
66f
00
33i
66f
00
66f
00
33^
33^
$63,123
32, 761
31, 660
123, 687
17, 544
46, 232
390, 587
67,520
292, 007
436, 823
1, 567, 089
713,695
904, 875
1,146, 551
761,127
33^
33^
33^
33^
331
33i
65, 523
235, 063
107, 054
135, 731
171, 982
114,169
50
40
30
30
70
10
Kansas
Michigan
Wisconsin
Iowa
Minnesota
Nehraska *
71,743
501, 763
619, 688
452, 088
108, 524
19, 312
33i^
33^
661
00
00
00
75, 264
39, 346
67, 813
16, 278
50
43
20
60
California
254, 538 66f
35,140 66f
62,648 00
New Hampshire .
Vermont
Khode Island
Connecticut
New York - .
New Jersey
Pennsylvania
Delaware
Maryland
Ohio
.Kentucky
Illinois
Missouri
N e w Mexico
90
$357,702
00
185, 645
20
179, 407
20
700, 894
55
99, 419
10
261, 981
80 2, 213, 330
10 • 382, 613
90 1, 654, 711
371, 299
1, 332, 025
606, 641
769,144
974, 568
646, 958
Total paid.
10
$357,702
185, 645
66f
179. 407
80
700, 894
13^
llf
99, 419
90
261, 981
86f 2, 213, 330
382, 614
90
431 1,654,711
70, 332
Ilemarks,
^,
10
67
80
14
11
90
86
83*
43
83 $4, 350 50
371, 299 83
83^
93i 1, 332, 025 93
606,641 03
03
769,144 03
03^
974, 568 63
63^
646, 958 23
2iii
426, 498 m
480, 342 43f
384, 274 80
92, 245 40
Amount
unpaid.
*93 c e n t s e x c e s s .
See a c t of Con
gress approved
F e b . 21,1868.
'
See a c t of Congress approved
J u l y 17,1862.
9, 360
426, 498
272, 657
384, 274
92,245
82 62, 382 51
83
08 207,'685* 36*
80
40
19, 312 00 S66 a c t of Coiigress approved
J u l y 1,1862.
247, 445 41
7, 093 26
35,140 6 6 |
62, 648 00 See a c t of Cou-
J u l y 1,1862.
26, 982 00
3, 487 17
34
22, 905 33i
3, 241 33i See a c t of Congress approved
F e b . 25,1863.
49,437 33
See a c t of ConD i s t r i c t of Co49,437 33^
lumbia.
gress approved
J u l y 1,1864.
27,172 72
181, 306 93
153,978 75
W e s t Virginia . . .
208,479 65
See a c t of Congress approved
F e b . 25,1867.
15, 054, 517 31§ 2,120, 524 50 12, 301, 013 00 12,451,437 26 455,228 471
Total
Utah
Washington Ter.
Nevada
Colorado . . . . . . .
Dakota
26,
7,
4,
22,
3,
982
755
592
905
241
00
33^
66§
33^
33^
4, 268 16
4, 592 33
164
REPORT ON T H E
FINANCES.
S
state.
1
o
M
1
Deduct West Virginia
Balance
North Carolina
South Carolina
G-eor'^ia
...
riorida
Mississippi
Louisiana
Texas
Tennessee
Arkansas.
Total
..
o
a
. tf
Proceeds from sales
for non-payment
of taxes, including
amounts bid in
excess of taxes.
As there were special provisions of law governing the proceedings
in the eleven late insurrectionary States, requiring different headings
in a tabulated statement, I submit a separate table for those States:
02
o
Pl
h
•
o .
O rj
•gs
tf
$937,550 66f
208, 479 65
729, 071
576,194
363, 570
584, 367
77, 522
529,313
413,084
385, 886
355,106
669, 498
261, 886
01^
66lr
66^1
33^
66<f
33i^
66§
66§
66f
00
00
$442,
377,
210,
82,
6,
571
452
789
427
495
64
60
31
47
28
69, 584
314,500
180, 841
381, 534
154,199
55
83
50
57
28
4, 945, 501 68^ 2, 220, 397 03
$286, 499
198, 742
152, 781
501, 939
71, 027
529, 313
343, 500
71,385
174, 265
287, 963
107, 686
37 $113,
06
35
28,
86
38
56,
33^
12
83
16
43 i23.
56,
72
855 57
$76, 781 6 8 $37, 073 89
232 29
28, 232 29
999 23
16, 520 37
40 478 86
097 66
865 00
47, 559 35
40, 483 45
75, 537 65
16, 021 55
2,725,104 61 i 379, 049 09
181, 704 85
197, 344 24
Congress, by acts approved July 1,1862, and February 25,1863, provided that the amounts apportioned to the then Territories of Nebraska,
JSTew Mexico, and Dakota, should be deducted from appropriations made
by Congress for specified expenses of said Territories, but through some
inadvertence those Territories were not credited with their respective
quotas, except a part to Il^ebraska, amounting to $4,281.60.
The appropriations from which the quotas of Nebraska and l^ew
Mexico were to be deducted were not all used; sufficient portions
thereof seem to have been unused to satisfy the amounts apportioned
to each, but have been carried to the surplus fund, which necessitates
legislation by Congress to make them available.
The appropriation from which the quota of Dakota was to have been
deducted appears to have been used, without crediting that Territory
with any part of its quota; so that the entire amount apportioned to
the three Territories named continues charged to them.
The amount remaining unpaid, as represented upon the first table, is .. |455,228 47
The amount remaining uncollected in the eleven late insurrectionary
• States is
2.725,104 61
Total balance uncollected in aU the States and Territories
3,180,333 08
Under the provisions of the act of Congress approved June 7, 1862,
and the several amendments thereto, the lands in the eleven late insurrectionary States were charged with the direct tax apportioned to
each of said States, under the act of August 5, 1861, and tax-commis- •>
sioners were appointed in each of those States to assess and to collect
said tax.
The tax-commissioners sold lands for non-payment of direct taxes in
the States of Yirginia, South Carolina, Florida, Tennessee, and Arkansas, and they struck off quite a quantity of lands in each of those
States, except Arkausas^^for the United States. The surplus proceeds
COMMISSIONER OF INTERNAL REVENUE.
165
from sales, after deducting purchase-money refunded and the taxes,
&c., chargeable, are as follows:
In
In
ID
In
In
Virginia
South Carolina, not including tbe second sales
Florida.....
Tennessee
Arkansas
.•
Total
Tbe proceeds in Soutb Carolina under beadiugs of resales
Total surplus, including second sales in Soutb Carol ina
|37, 082
24,754
.35,478
79,605
14,376
24
43
86
75
92
191,298 20
28H, 880 74
480,178 94
The sales in Virginia occurred only in the counties of Alexandria,
Accomack, and Northampton.
The sales in South Carolina occurred only in the parishes of Saint
Helena and Saint Luke, upon the Sea Islands.
The sales in Florida occurred only at Saint Augustine and Fernandina.
The sales in Tennessee occurred only at Memphis.
The sales in Arkansas occurred only at Little Eock.
The records indicate that the direct-tax commissioners made assessments in about one-half of the counties in the eleven late insurrectionary States, and that they made collections in each of those States
except Alabama.
The tax-commissioners were engaged in making assessments and collections in those States until Congress, by an act appro\^ed July 28,1860,
authorized a suspension of further collections in the eleven States referred to until January 1, 1868, and by act of Congress appro^^ed July
23, 186S, the suspension was further continued until January 1, 1869,
since which date collections have not been resumed, nor has Congress
taken any action further suspending the same. Congress did, however,
provide, by an act approved March 26, 1867, section 3, 'Hhat the Secretary of the Treasury is hereb}^ authorized and required to discontinue
the employment of any officer or person employed under the acts for
the collection of direct taxes in insurrectionary districts within the
United States, whenever, in his judgment, their service is no longer
needed; and he is hereby authorized to devolve upon any officer or
officers of internal revenue in said districts any portion of the daties
imposed by said acts, who shall perform such duties without additional
compensation."
In regard to the other States which had not assumed the payment of
the direct tax, Congress provided, by an act approved June 30, 1861,
section 47, as follows: ^'That the officers who may be appointed under
this act, except within those districts within any State or Territory
which have been, or may be, otherwise especially provided for by law,
shall be, and hereby are, authorized, in all cases where the payment of
such tax shall not have been assumed by the State, to perform all the
duties relating to or regarding the assessment and collection of any
direct tax imposed or which maj^ be imposed by law."
The services of the direct-tax commissioners and their employes in
the eleven insurrectionary States were discontinued, and the duties
necessary to be performed, such as taking charge of lands which had
been acquired by the United States under the direct-tax laws, &c., have
been devolved upon officers of internal revenue.
The act of August 5, 1861, provides for an annual direct tax of
$20,000,000, and apportioned the same to the different States, Territo-
166
REPORT ON THE FINANCES.
ries, and the District of Columbia, but subsequent legislation limited it
to one levy.
This act, in section 53, provides that any State, Territory, or District
may assume and pay its quota, in its own way, by and through its own
bfficers; and that if any State, Territory, or the District of Columbia
shall give notice, by the governor or other proper officer thereof, to the
Secretary ofthe Treasury of the United States, on or before the second
Tuesday of February next thereafter, of its intention to assume and pay,
or to assess, collect, and pay into the Treasury of the United States, the
direct tax imposed by this act, said State, Territory, or District shall
be entitled to a deduction of fifteen per centum on such portion of its
quota as shall have been actually paid into the Treasury of the United
States on or before the last day of June in the year to which such payment relates, and of ten per centum on such part or parts of its quota
as shall have been actually paid into the Treasury of the United States
on or before the last day of September in the year to which such payment relates. The same section also provides that the amount apportioned to any State, Territory, or the District of Columbia may be paid
in whole or in part by the release of such State, Territory, or District
to the United States of ^'any liquidated and determined claim of such
State, Territory, or District of equal amount against the United States,"
and that in such release the same abatement shall be allowed as would
b.e allowed in c^ise of payment of the direct tax in money.
A subsequent act, approved May 13, 1862, extends the provisions of
section 53, above referred to, to war claims which may be presented on
or before the 30th of July, 1862.
Section 52 of the act of August 5, 1861, provides for the collection of
the direct tax, in case a State or Territory is in actual rebellion, &c., as
soon as the authority of the United States therein is re-established.
Most of the States, and the District of Columbia, except the eleven
insurrectionary States, assumed and paid the amounts apportioned to
them.
By an act approved June 7, 1862, Congress provided for the collection of the direct tax apportioned to the insurrectionary States by and
through United States direct-tax commissioners.
Sections 1 and 2 of that act provide that the direct tax shall be
charged against each and every parcel of land in those States (not
exempt by the laws of the State or of the United States), and that said
tax, together with a penalty of fifty per centum, shall become a lien
thereon, without any other or further proceeding whatever.
There are sixteen''school-farms" in South Carolina still owned by
the United States and rented from year to year by the collector of internal revenue. These school-farms are lands which were bid in by the
tax-commissioners for the United States, and were excepted from the
sales made under the act of June 8, 1872. Each school-farm contains
about 160 acres.
The rentals from them all average less than five hundred dollars per
annum.
These rentals are invested in United States bonds, and the interest
thereof is used for the support of public schools under the provisions of
an act of Congress approved March 3, 1873.
The amount which has accumulated as a school-fund under the several direct-tax acts, and which has been invested in United States
bonds, the interest of which is for the benefit of public schools in the
parishes of Saint Helena and Saint Luke, South Carolina, is about
$56,515.35.
COMMISSIONER OF INTERNAL REVENUE.
167
I would suggest that a recommendation be made to Congress to provide for the redemption of the ^^school-farms" in South Carolina, and for
the sale of the same in case of failure to redeem.
Under the provisions of the acts of Congress approved June 7, 1862,
as amended, and May 9, 1872, nearly one-half of t^e original purchasemoney has already been returned to the purchasers, and, this office is
advised that suits are still pending in courts which involve the tax
titles, and the result of which may necessitate the return of more of the
purchase-money to the purchasers.
The tax commissioners established their offices in the different counties in each of the eleven States mentioned as far as practicable, fixed
the amount of tax charged against each tract or lot of land, gave public notice of the same and of the time and place for receiving it. Many
ofthe land owners came forward and paid the tax and penalty charged
against their lands, and many did not; and the tax, penalty, &c., still
continues charged against the lands on which they have not been paid.
When the tax commissioners discontinued their work, the assessment
books and papers were turned over to this office, and are now on file in
this Department.
In regard to the collection of the unpaid portion of the direct tax, I
respectfully suggest that exacting a direct tax from one land owner
and permitting the tax upon the land adjoining to remain unpaid, isnot
oquitable, T would therefore respectfully recommend that measures be
taken, as soon as practicable, to collect tbe balance of that tax, in compliance with existing provisions of law, unless Congress desires a further
suspension or different methods than are already provided.
At the last session of Congress an appropriation was made to pay
the amount for which lots and tracts of land were sold for direct taxes
in excessof the tax penalty, interest, and costs charged against the
same to the owners of said lots and tracts at the time they were so sold.
The appropriation was based upon an estimate made by this office to
cover the sales made to i3rivate purchasers, where payments were actually made, and did not iuclude the amounts at which the tax commissioners struck off' lots and tracts of land for the United States, which
aggregates $77,561.18, or a surplus in excess of the taxes of $60,572.42.
The amount appropriated ^vl^s $190,000. The amount of claims presented under this act is $179,665.38, leaving a balance for claims not
yet presented of $10,334.62.
The number of claims presented under the appropriation is 293 ; the
number of claims pending for payment to direct-tax purchasers on account of eviction under act of May 9, 1872, is 16, aggregating $4,692.
The number of claims presented for payment of interest alleged to
have been illegally collected (act of February 25, 1867), is 288, aggregating $16,069.72.
The number of claims coming under the appropriation of $190,000,
disposed of forty-three, aggregating $40,895.41, of which nineteen have
been disallowed, aggregating $29,214.50.
The number of letters received in this branch of the office, 299; the
number of letters written in this brancli of the office, 512.
REBATE CLAIMS.
The following statement shows the number and amount of claims
presented for rebate of taxes on tobacco, snuff*, cigars, and cigarettes,
168
REPORT ON T H E
FINANCES.
under the provisions of section 4 of the act of March 3, 1883, and the
present condition of the claims:
Wbole number of claims presentecl
Amount of rebate claimed
^
46, 859
$3,725,913 97
Number of claims allowed and forwarded to Fiftb Auditor
Number of claims rejected
^
Number returned for amendment
43, 729
56
3, 074
Total...
46,859
Amount of claims allowed and forwarded to Fiftb Auditor
Amount of claims rejected
Amount returned for amendment
$3,524,167 22
1,787 48
199,959 27
Total
3,725,913 97
Amount.
$137,576 94
3,588,337 Oa
Manufacturers^ claims, 846
Dealers' claims, 46,013
Total
3,725,913 97
The claims of manufacturers have all been allowed.
The claims rejected and claims returned for amendment are claiins
of dealers.
Number of dealers' claims allowed, 42,883. Amount of dealers' claims
allowed $3,386,590.28.
STATEMENT SHOWING the TOTAL NUMBEB and AMOUNT of B E B A T E
CLAIMS B E C E I V E D uxider the provisions of section 4, act of March 3, 1883, the
N U M B E B and AMOUNT of same ALLOWED, axul the NUMBEB and AMOUNT
of same DISALLO WED.
States and Territories.
Arizona
Arkansas
California
Colorado
Connecticut
Dakota . . . .
Delaware
D i s t r i c t of C o l n m b i a .
Florida
Georgia
Idabo
'..
Illinois ....
Kansas
Kentucky
Maine
Maryland
Massacliusetts
,
^
Minnesota
'
Mississinni Missouri
....
Montana
Nebraska
DSTevada
New Hampshire
New Jersey
N e w Mexico
New York
N o r t h Carolina
Ohio
Oregon
N u m b e r of
claims
received.
A m o u n t of
claims
received.
N u m b e r of
claims
allowed.
A m o u n t of N u m b e r of
claims
claims
allowed.
disallowed.
A m o u n t of
claims
disallowed.
838
128
608
1, 328
616
456
422
242
$48, 074
9, 653
25. 237
226,578
54,270
31,778
18,027
8, 349
29
70
03
36
30
75
45
11
740
123
546
1, 2,3a
580'
455
229
239
$41, 755
9, 239
22, 099
210, 238
52, 810
29, 897
10,679
8, 309
52
14
21
05
07
17
40
03
98
5
62
95
36
1
193
3
$6, 318
414
3 137
16,340
1, 460
1,881
7 348
40
376
1,500
194
8,135
1, 859
1,924
1,318
666
482
544
554
1,209
1,858
1,038
823
1,460
304
827
126
261
577
131
5,316
831
3,665
• 482
15, 835
122, 415
11,334
277,780
105, 256
123,161
55, 888
41, 074
52, 888
43,117
109, 614
135, 327
103, 929
92, 258
29, 909
219, 385
36, 402
49, 226
6, 615
9, 634
31,168
12, 376
468. 019
34, 408
246, 926
49,132
10
16
92
20
59
43
82
83
12
42
40
45
94
68
31
51
47
91
42
90
13
33
73
41
85
24
375
1,435
181
8,101
1,806
1,899
1, 283
659
469
523
553
1,208
1, 291
1,034
705
1,385
304
686
125
261
568
28
5,097
48«
3,553
480
15, 790
116, 323
10, 921
264, 597
103, 280
122, 415
53,177
40, 928
52, 282
42, 006
109, 594
135, 299
69, 908
90, 866
24, 682
210, 231
36, 402
45, 474
6, 600
9, 634
30, 831
4, 662
4.59, 681
21,206
236, 837
•49, 015
90
70
14
15
25
66
11
04
54
46
83
03
82
39
42
67
47
47
42
90
74
22
53
55
50
14
1
65
13
34
53
25
35
7
13
21
1
1
567
118
75
44 20»
6, 091 46
413 78.
13,183 05
1, 976 34
745 77
2, 711 71
• 146 7&
605 58
1,110 96
19 57
28 42
34, 021 12
1, 392 29
5, 226 89
9,153 84
141
1
3,752 44
15 00
0
4
9
103
219
345
112
2
336
7,714
8. 338
13i 201
10, 089
117
77
56
82
31
23
58
05
08
3»
11
20
86
3510
* The claims returned for amendraent will be perfected and sent in again. In estimating the amount
to be appropriated by Congress for the payment of rebate claims, the amount of these returned claims,.
vi2;, $199,959.27, should be embraced in the amount already allowed, making a total of $3,586,549.55.
COMMISSIONER OF INTERNAL
169
REVENUE.
STATEMENT shoxving the TOTAL NUMBEB and AMOUNT of B E B ATE CLAIMS
B E C E I V E D , ^c—Continued.
States and Territories.
Pennsylvania
Ilhode Island
South Carolina
Tennessee
Texas
Utah
Vermont
Virginia
.
Washington
W e s t Virginia
Vi^isconsin
...
Wyoming
N u m b e r of
claims
received.
3,565
153
730
618
2,347
145
463
629
255
• 276
1,511
69
...
.
Total
46, 859
A m o u n t of
claims
received.
N u m b e r of
claims
allowed.
04
34
66
13
43
52
11
72
85
15
25
51
3,434
149
708
571
2,042
145
435
591
244
275
1,427
68
3,725,913 97
43, 729
$304,877
21, 769
38,713
68, 291
183, 850
14, 430
24, 111
48, 842
15,191
24, 548
70, 530
5, 699
A m o u n t of
claims
allowed.
$299, 796
21, 697
35, 686
64, 728
. 157, 687
14,430
22, 536
47,020
14, 288
24,460
68, 677
5, 469
Numberof
claims
disallowed.
A m o u n t of
claims
disallowed.
82
19
40
82
29
52
67
67
30
50
56
84
131
4
22
47
305
$5, 080
72
3, 027
3 562
26,163
22
1526
31
14
28
38
11
1
84
1
1, 574 44
1, 822 05
903 55
81 65
1, 852 69
229 67
3, 524,167 22
3,130
201, 746 75
DISTILLED SPIRITS.
D I S T I L L E R I E S R S a i S T E R E D AND OPERATED.
The following statement shows the number of distilleries registered
and operated during the fiscal year ended June 30, 1883:
^
Grain.
Molasses.
Fruit.
"bi-
states and Territories.
O
Jl
ll
iii 3I '
1
3
o
H
Alabam a
Arkansas
California
Connecticut
Delaware
Florida
............:...
•
3
12
4
1
79
27.
17
4
1
347
1
19
2
It
°.
Illinois
Indiana
Iowa
.
Kentucky
Louisiana
Maryland
Massachusetts
Mississippi
Missouri
Nebraska
New Hampshire
New Jersey
N e w Mexico
New Vork
N o r t h Carolina
Ohio
Oregon
Pennsylvania
South Carolina
Tennessee
Texas
Vermont
Virginia
W e s t Virginia
Wisconsin
3
15
4
8
. .
...
..
Total
. .
. .
I
13
3
277
i9
2
24
1
17
1
1
1
6
408
39
1
90
22
86
3
5
, 371
87
1
82
19
82
2
39
3
5
39
3
5
1,250
1,096
6
«
1
1
•
7
7
120
37
239
.. 80
60
120
37
239
80
60
123
52
243
83
60
128
49>
243
81
60
320
26
53
5
2
825
4
10
13
7
105
320
26
53
5
2
325
4
10
13
7
105
98
5
76
1,246
36
5
35
60
294
30
5
696
34
98
5
76
1,246
36
5
35
60
294
30
5
696
34
399
53
70
9
3
672
5
29
21
7
129
1
1
99
5
82
1,654
75
6
125
82
380
33
5
735
37
5
894
4^
6&
8
2
602
4
2^
21
7
122
1
1
9^
5
81
1,617
73
6
117
. 19'
378
32
5
735
37
5
4,026
4,026
5,283
5,12&
170
R E P O R T ON T H E
FINANCES.
CAPACITY, ETC., OF GRAIN D I S T I L L E R I E S .
The following statement shows the number and capacity of grain distilleries in operation and of grain distilleries closed in twenty-four principal spirit-producing districts at the beginning of each month during
the fiscal year ended June 30, 1883, and the four succeeding months of
the present fiscal year:
Number of distilleries.
Months.
Capacity in use of Surveyed capacity Surveyed capacity df distillerof distilleries opdistilleries operies closed.
erating.
ating.
Operating. Closed. Bushels.
July
August.. September
October—
November
Deceraber
J a n u a r y ..
February.
Maroli
April
May
June
July
August...
September
October...
78
61
66
64
80
118
162
212
219
249
244
193
124
98
103
111
257
283
281
285
268
240
208
175
198
154
105
174
254
284
285
280
41,918.
35, 017
51, 748
47, 235
58, 321
64, 845
66, 650
70, 277
69,124
73, 531
68. 685
55, 002
31,122
36, 829
54, 645
55, 307
G-allons. Bushels. Gallons
162, 683
139, 754
206, 402
183, 297
233, 461
2.57,112
261, 859
274, 082
269, 330
287, 528
266, 205
214, 043
122, 810
140, 969
219, 401
220, 315
76, 090
67, 395
83, 907
79, 552
99,140
102, 674
106, 721
11.5, 633
116, 337
124,181
115, 261
104, 334
78, 616
84, 252
88, 855
91, 379
807, 366
256, 640
335, 663
328, 295
388, 480
395, 978
377, 473
459, 789
442,160
486, 713
450, 702
409, 397
312, 702
330, 465
345,119
369, 226
Bushels. G-allon».
70, 099
75,103
69, 018
67, 775
64, 728
45, 649
50, 322
59, 868
47, 374
39,918
24, 609
37, 275
76, 217
65,112
58, 418
56,182
270,596
297, 316
252, 465
249, 094
232, 544
185, 967
182, 679
216. 642
161, 960
130, 323
87, 799
140, 014
246,124
239, 616
207, 964
221, 036
The following statement shows the number and capacity of grain and
molasses distilleries in operation at the beginning ofeach month during
the fiscal year ended June 30, 1883, and the first four months of the
present fiscal year :
Capacity of grain Capacity of molasses distilleries. Total spirit*
distilleriesproducing
capacity
per day.
Spirits. Molasses. Spirits.
Molasses. Grain.
Number of distilleries.
Months.
Griain.
July
August . . .
September
October . . .
November.
December.
January...
February .
March
April
May
June
July
August . . .
September
Ootober...
Bushels.
288
198
198
208
248
356
485
578
686
764
762
630
535
398
387
405
48, 225
40, 625
57, 755
54, 688
60, 367
66, 946
70, 915
73, 830
76, 350
78, 994
80, 087
66, 494
43,174
40, 727
56, 859
57, 420
Qallons.
188, 980
162, 319
227, 973
217, 830
239, 490
263, 328
274, 041
285, 049
292, 233
302, 490
305, 961
253, 208
166,143
158, 502
224,107
223, 965
Gallons.
8,302
10, 288
10, 426
9,649
9,647
9,366
7,143
5,689
5,687
6,770
5,982
4,667
5,480
6,287
8,721
7,029
Gallons.
1, 045
8,788
8,861
8,201
8,201
7,962
6,072
4,835
4,835
5,755
5,285
3,993
4,659
5,345
6,818
5,976
Gallons.
196| 026
171,107
236, 834
226, 031
247, 691
271. 290
280,113
289, 884
297, 068
308, 245
311, 246
257, 201
170, 802
163, 847
230, 925
229, 941
COMMISSIONER OF INTERNAL
171
REVENUE.
GRAIN AND MOLASSES D I S T I L L E R I E S IN OPERATION OCTOBER 1, 1 8 8 0
1881, 1882, AND 1883.
COMPABATIVE STATEMENT shoivixig the N U M B E B and CAPACITY of GBAIN
and MOLASSES D I S T I L L E B I E S in OPEBATION on the 1st day of October in each
of the years 1880 to 1883, inclusive.
N u m b e r of distilleries.
C a p a c i t v of g r a i n
distilleries.
Date.
Grain.
Oetober
October
October
October
i, 1880
1,1881
1,1882
1,1883
456
361
208
405
Molasses.
6
6
7
7
Grain.
Spirits.
Busliels.
89,244
93,574.
54,688
57, 420
Gallons.
348,229
360, 902
217. 830
223, 965
C a p a c i t y of molasTotal spiritses distilleiies.
producing
capacity
per day.
Molasses. Spirits.
Gallons.
10, 241
7,490
9,649
7,029
Gallons.
8,705
6,368
8, 201
5,976
Gallons.
356, 934
367,, 270
226, 031
229, 941
NOTE.—Many tabular statements, omitted for \Yant of space, may be found in the
bound volume o f t h e Commissioner's report.
The total number of grain distilleries registered and operated shows
an increase from 1,147 registered, and 934 operaced, in the fiscal year
ended June 30, 1882, to 1,250 registered, and 1,096 operated, in the last
fiscal year.
This increase in number occurs mainly in the class of distilleries having the smaller capacities for the production of spirits. In the class of
distilleries having the larger capacities, a very considerable decrease
occurs in the number operated.
During the fiscal year ended June 30, 1882, 878 of the smaller distilleries were registered, but of this number only 672, or 76 per cent., were
operated; while of the larger distilleries 269 were registered, and 262,
or 97 per cent., were operated.
During the last fiscal year 969 distilleries of the smaller class, having.
a daily capacity varying from not exceeding 5 bushels of grain to not
exceeding 60 bushels, were registered, and of this number 875, or 90 per
cent., were operated.
Of the class of larger distilleries varying in daily capacity from 60
bushels of grain to 500 bushels and above (extending even to nearly
6,000 bushels per diem), 281 were registered, but only 221, or 78 per cent.,
were operated.
The quantity of grain used in the production of spirits during the
past fiscal year, 18,644,787 bushels, is less than that used in the last
preceding fiscal year (27,459,095 bushels) by 8,814,308 bushels; and is
6,705,567 bushels less than the average (25,350,354 bushels) for the last
four years.
This decrease in the use of grain corresponds very closely with, and
explains the decrease in the number of gallons of spirits produced from
grain during the year, which is 72,235,175 gallons aS against 104,149,077
gallons for the year ended June 30, 1882.
The yield of spirits from each bushel of grain increases slightly each
year, being 3.874 gallons as against 3.792 for the year preceding, and
3.694 for the year 1881. This increase is believed to be due mainly to
improved methods of preparing the grain ior distillation.
172
REPORT ON T H E
FINANCES.
The quantity of molasses used for the production of rum during the
fiscal year is 2,373,106 gallons, an increase of 251,302 gallons over the
quantity nsed in rthe preceding year (2,121,804 gallons), and a decrease
of 205,745 gallons from the average quantity (2,578,851 gallons) used
during the last four years.
R E C T I F I E D SPIRITS.
STATEMENT shoivixig the NUMBEB of PBOOF-GALLONS of S P I B I T S BECTIF I E D in the UNITED STATES during the xjear ended April 30, 1883, by COLLECTION DISTBICTS.
Alabama
99, 481. 50 Eleventh district. New
Arizona
58,800.50
York
124. 00
First district, California... 2, 065, 619.15 Fourteenth district. New
Fourth district, California.
189, 445. 08
York
485,742. 55
Colorado
96, 300. 74 Fifteenth district. New
First district, Connecticut46,521. 50
York
24, 035. 00
Second district, ConnectiTwentv-first district. New
cut
181,709.08
York
57,103. 28
Delaware
39,179.00 Twenty - fourth
district,
Second district, Georgia...
342, 374. 00
New York
227,275. 00
Third district, G e o r g i a . . . .
116, 525. 00 Twenty-sixth district. New
Idaho
10,265.00
York
15,928. 00
First district, Illinois....... 4, 970,460. 99 Twenty - eighth
district,
New York
886,237.50
Second district, llinois . ! . .
10,482. 50
Fourth district, Illinois . . .
181, 033. 50 Thirtieth distnct, New
665, 995. 50
Fifth district, Illinois
1, 075,933. 50
York
Eighth district, Illinois . . .
19, 800. 00 Fourth district. North CarThirteenth district, Illioliua
40, 538. 00
nois
53, 779. 52 Sixth district. North Carolina
34, 509. 00
First district, Indiana
23, 443. 50
Fourth district, I n d i a n a . . .
91,762. 00 First district, Ohio
12, 637, 625. 34
Sixth district, Indiana
20, 613. 50 Third district, Ohio
39, 836. 50
Seventh district, I n d i a n a . .
41, 473. 00 Fourth district, Ohio
17,147. 00
Tenth district, ludiana . . .
45,681. 50 Seventh district, Ohio
54, 464. 00
Secoud district, Iowa
19,886. 00 Tenth district, Ohio
338, 505. 50
Third district, Iowa
63,250! 00 Eleventh district, Ohio . . .
31, 633. 50
Fourth district, Iowa
38,315. 50 Eighteenth district, Ohio .
453,985. 00
Fifth district, Iowa
9, 353. 00 Oregon
. 73, 321. 00
Kansas .:
l..
10, 757. 50 First district, Pennsylva8, 724,127. 36
Second district, Kentucky.
89, 310. 50
nia
Fifth district, Kentucky .. 1,317, 340. 00 Eigi\t.h district, PennsylvaSixth distri ct, Kentucky .. 3, 387, 007. 98
nia
171,367.00
Seventh
district,
KenNinth district, Pennsylvatucky
8,460.00
96,744,50
nia
Louisiana
1,090,636.97 TAA^elfth district, Pennsylvania
125,006.11
Third district, Maryland .. 4,178,643. 70
Fourth district, Maryland.
12,288.50 Fourteenth district, Penn24,658. 06
sylvania
Third district, Massachusetts
1,525,598.46 Nineteenth district, Penn12,631. 84
sylvania
Fifth district, Massachusetts
27, 873. 00 Twenty - second district,
898, 859. 50
Tenth district, MassachuPennsylvania
setts
7, 028. 00 Twenty - third
district,
31,658.50
First district, M i c h i g a n . . .
367, 750. 50
Pennsylvania
Fourth district, Michigan.
44,908.50 Rhode Island
41,885.72
First district, Minnesota ..
14, 483. 00 South Carolina
50,598. 50
Second district, Minnesota.
240,856. 50 Second district, Tennessee.
60, 405. 50
First district, Missouri
3,635, 330. 39 Fifth district, Tennessee . .
151, 231. 00
Sixth district, Missouri....
551,620. 00 First district, Texas
249,162. 50
Montana
4,969.50 Third district, Texas
1,082.00
Nebraska..
138,762.50 Fourth district, Texas
2, 434.15
Nevada
3,457.50 Utah
26,913. 00
New Hampshire
21,561. 50 Second district, Virginia..
271,042.50
First district, New Jersey .
1, 611. 74 Third district, Virgiuia . . .
421.628.55
Third district, New J ersey.
43,287. 50 Sixth district, Virginia
78, 368. 00.
Fifth district. New Jersey.
126,264.50 West Virginia
79,453.00
New Mexico
7,131.50 First district, Wisconsin... 1,259, 453. 57
First district, New Y o r k . . . 1,269,869. 98 Second district,Wisconsin.
39, 304. 50
Second district. New York. 7,220,652.15
Total
,.64,940,966.88
Third district, New York..
779,995. 42
COMMISSIONER OF INTERNAL
173
REVENUE.
S l A TEMENT shoiving the NUMBEB of PBOOF-GALLONS of S P I B I T S B E C T I F I E D
in the UNITED STATES during the xjear ended April 30,1883, by STATES and TEBBITOBIES.
Alabama
99,481.50 Nebraska
138,762.50
3,457.50
Arizona
58,800.50 Nevada
7,131.50
California
2,255,064.23 New Mexico
21,561.50
Colorado
96,300.74 New Harapshire
171,163.74
Connecticut
228,230. 58 N e w J e r s e y . . .
Delaware
39,179.00 New York
11,632,958.38
Georgia
458,899.00 North Carolina
75, 047. 00
Idaho
10,265.00 Ohio
13,573,196.84
Illinois
6,311,490.01 Oregon
73, 321. 00
ludiana
222,973.50 Pennsylvania
10, 085, 052. 87
Iowa
130,804.50 Rhodelsland
41,885.72
50,598.50
Kansas
10,757.50 South Carolina
211,636.50
Kentucky
4,802,118.48 Tennessee
Louisiaua
1,090,636.97 Texas
252,678.65
26,913.00
Maryland
4,190,932. 20 Utah
771,039. 05
Massachusetts
1,560, 499. 46 Virginia
Michigan
412,659.00 West Vi rginia
• 79, 453. 00
1,298,758. 07
Minnesota
255,339.50 Wisconsin
Missouri
4,186,950.39
Montana.....
4,969.50
Total
64,940,966.88
STOCK F E D AT D I S T I L L E R I E S .
The following statement shows the number of cattle and hogs f e d a t
registered grain distilleries, with their average and total increase in
weight, during the fiscal year ended June 30, 1883, by collection districts:
•S'S
%- -p
'of
Districts.
1^
<1
Second Alabama . . .
Arkansas
F i r s t California
Pirst C«tnnecticut..
Second Georgia.
Tliird Georgia
•.
P i r s t Illinois
Fourth niinois . . . . .
Piftli Illinois
E i g h t h Illinois
T h i r t e e n t h Illinois .
Fourth Indiana .
Sixth Indiana
,
Seventh Indiana
Fifthlowa
Second K e n t u c k y
Pifth Kentucky
Sixth Kentucky
Seventh Kentucky
Eighth Kentucky
Ninth Kentucky
Fourth Maryland
Tenth Massachusetts
Second Missouri
,
P o u r t h Missouri
Sixth Missouri
,
Nebraska
1
Third New Jersey
F i r s t N e w York."
,
Twenty-fourth N e w York..
F o u r t h N o r t h Carolina
Fifth N o r t h Carolina
60
400
100
280
236+
400
200
200
14,200
160, 000
20, 000
56, 000
6,070
500
20,146
1,281
151
1,969
648
2,300
4, 535
1,008
3,274
2,240
1,874
450
147
78
150
15
253+
300
216 +
200
30
246+
153 +
132
268+
175 +
157+
180+
230+
160
143+
282+
133+
140
., 538, 050
150, 000
r, 360, 898
256, 200
4,530
485, 700
99, 200
303, 600
., 219, 437
177, 098
514, 554
403, 603
431, 504
72, 000
21, 075
22, 000
20, 000
2,100
1,482
1,300
70
. 200
250
250
200
425
96+
138+
370,500
325, 000
14, 000
85, 000
1, 260
8,740
85
315
10, 372
40
90
115+
1,400
28, 350
1,195, 618
2,484
80
77+
70+
191, 814
5,600
100
675
842
600
2,100
25
100
100
125
50
200
150
10, 000
67, 500
42, 750
30, 000
420, 000
8,750
275
2,934
1,402
1,919
64+
100+
111+
102+
17,
294,
155,
195,
178
690
35
186
200
1,500
80+
111+
250
61+
100
84
13, 968
77,016
8,750
11, 460
20, 000
126, 000
50
357
1,255
100
15 +
78+
5,000
5,625
98, 690
610
381
910
952
1,400
42, 550
1,355,618
20, 000
247, 814
5,600
1, 538. 050
160,000
4, 428, 398
298, 950
84, 580
905, 700
102, 950
303, 600
1, 219, 487
194, 708
808, 935
559, 513
627,456
72, 000
35, 043
99, 016
28, 750
13, 560
20, 000
496, 500
325, 000
14, 000
85, 000
5,000
6,885
107.430
174
R E P O R T ON T H E
FINANCES.
.s^
'=^^
•9.?'
Districts.
g bjo
fl'S
2g
Sixth North Carolina.
FirstOhio
Third Ohio
Sixth Ohio
Seventh Ohio
Eleventh Ohio
Eighteenth Ohio
Oregon
Eighth Pennsylvania
Ninth Penusyivania
Twelfth Pennsylvania
Fourteenth Pennsylvania
Sixteenth Pennsylvania
Twentieth Pennsylvania
..
Twenty-second Pennsylvania .
Twenty-third Pennsylvania...
South Carolina
1
Second Tennessee
-.
Fifth Tennessee
Sixth Virginia
Second West Virginia *
First Wisconsin
Third Wisconsin
1,250
7,472
311
726
226
200
45
150+
196
191
269
210
540
216
125
160
21
106
23
114
300
112
19
874
14
162
145+
65
234+
313
135
110 +
302+
100
545
20
237
200
, . H ^
187, 500 12, 250
, 464, 512 1.594
21
59, 401
195, 294
47, 460
474
225
108, 000
6
9,720
161
2,500
45
674
11, 200
45
3, 402
328
15, 425 1,412
4
1,495
26, 775 2,735
275
93, 900
765
15,120
459
2,100
3,301
264, 648
458
1,400
129,165
4,000
105
180
125
101+
360
150
80
100
75+
160
86
122+
75
103+
78+
90
66+
114+
84 +
180
200
1, 286, 250 1, 473, 750
286, 920 1, 751, 432
62, 026
2,625
195, 294
47, 880
95, 840
81, 000
189, 000
900
10, 620
12, 880
12, 880
4,500
7, OOO
51, 050
62, 250
7,200
7,200
28, 356
81, 758
172.417
187, 842
300
1,795
288, 080
309, 855
21, 660
115, 560
68, 850
83, 970
80; 540
32, 640
378, 317
642, 965
15, 890
17, 290
9,000
2,000
188,165
6, OOO-
* No report received.
The following stateiment shows the number of cattle and hogs fed at
registered grain distilleries, arranged by States:
a
1-5
.9 ^
state.
Z^
d
®
o
>^ tS
fe,bJD
i-9
H
Alabama
Arkansas
California
Connecticut
Georgia
Illinois
,
Indiana
Iowa
Kentucky
Maryland
Massachusetts .
Missouri
,.
Nebraska
NewJersey
NewYork
North Carolina.
Ohio
Oregon
Penusyivania ...
South Carohna..
Tennessee
Virginia
West Virginia*.
Wisconsin
Total.
60
400
100
280
28,148
4,917
4,585
8,993
78
150
1,497
1,300
70
200
1,326
236-f
400
200
200
224-4180--
35
315
10, 372
40
90
115+
1,400
28, 350
1,195, 618
2,564
1,717
2,125
76+
87+
199+
197, 4 1 4
150, 2 5 0
423, 750
6,703
690
35
1,886
101+
111+
250
83+
677, 8 2 1
77, 016
100
100+
180+
80
103+
90
82+
34+
5,000
., 890, 565
419, 325
12, 880
568, 563
68, 850
408, 857
15,890
180
282-h
133248250
200
425
148-}209+
14, 200
160, 000
20,000
56, 000
6, 309, 678
888, 500
1, 219, 437
1, 619, 834
22, 000
20, 000
372, 600
325, 000
14, 000
85, 000
197, 500
1, 884, 387
654
112
236-}135
297+
100
154, 697
15,120
266, 748
1,400
50
13, 862
2,320
161
5,518
765
3,760
458
565
235+
183,165
60
183+
11, 000
2 1 7 + 13, 779, 266
53, 396
108+
5, 818, 759
63, 272
268-1-
* No report received.
8,750
157,460
1,400
42,550
1, 355, 618
20, OOO
253, 414
6, 459, 928
1, 312, 250
1, 219, 437
2, 297, 655
99, 016
28, 750
530, 060
325, 000
14, 000
90, 000
1, 588, 065
2, 303, 712
12. 880
723, 260
83, 970
. 675,605
17, 290
144,165
19, 598, 025
COMMISSIONER
OF INTERNAL
REVENUE.
175
SUMMARY.
Number of cattle °fed at registered grain distilleries in the United States.
63,272
pounds..
Average increase in weight of ca tie
217-h
d o . . . . 13,779,266
Total increase in weight of catth
Number of hogs fed at registered grain distilleries in the United States.
53,396
Average increase in weight of hogs
he
108-1pounds..
Total iucrease in weight of hogs
d o . . . . 5,818,759
Total number of cattle and hogs red
116,668
Average increase in weight of cai tie and hogs
167-K
pounds..
Total increase in weight of cattk and hogs
19,598,025
do
USE OF ALCOHOLIC VAPOI^ IN T H E MANUFACTURE OF V I N E a A R .
I t seems to me that furtli er legislation should be had relative to the
concession made to manufacturers of vinegar by the act of March 1^
1879, which permits this class of manufacturers to separate the alcoholic
property from fermented nlash, wort, or wash, and to use the same in
the production of vinegar.
This privilege is one whi ph presents to unscrupulous persons a constant temptation, together ^vith sufficient opportunity, to engage in the
illicit production of spirits while its abuse is exceedingly difficult t a
prevent or to detect, owing to the want of proper safeguards.
As the law stands, the anpmaly is presented of one class of manufact
urers, using
own alcohol without supervision or control, while the distillers who produce alcohol for use in all ether trades and kinds of manufacture, are
watched with constant care and subjected to rigid restrictions.
In my opinion, safeguards to the revenue which experience has demonstrated to be indispensable in the one case cannot be omitted with
safety in the other.
I would urgently recommend that this privilege be withdrawn. Such
manufacturers have for sevi^ral years obtained all the alcohol used in
their business free of the tax of 90 cents a gallon, and I do not assert
that it would be wise to change the law to the extent of denying them
that privilege. But practical experience has very clearly'shown the
proportion of alcohol needed in the wash from which^^the vinegar is
generated. I am informed :hat no wash over 20 proof can be usefully
employed, and that if it is over that strength it will not acetify when
passed through the generator. Indeed practical operators assert that
a wash over fifteen iDcr cent, proof is not available. However that may
be, it is generally agreed that a wash above twenty per cent, proof cannot be utilized. This being so, if the law should be so changed as to
allow a drawback to vinegar-makers for the tax paid on the alcohol
used by them in making vinegar, the opportunities for fraud would be
reduced to the minimum.
If the Commissioner of Internal Eevenue were given the power to
prescribe regulations under which the amount of alcohol purchased and
used by the manufacturer a id the quantity of vinegar i)roduced could
be reported under oath to him, the correctness of the claims for drawback
could be easily verified. Such a course would possibly be better for the
manufacturer himself, as it As^ould relieve him from the outlay at present
required for distillery apparatus. Certainly it would be better for all
who may hereafter embark in the business, and those who have already
purchased their machinery could dispose of it, or it might be so arranged
that they could make their distilled spirits and immediately withdraw
them free of tax for manufacturing purposes. This would prevent a
waste of material to the honest manufacturer, and, if done under the
176
REPORT ON T H E
FINANCES.
supervision of an internal-revenue officer, would prevent frauds. If,
however, the privileges now granted vinegar-manufacturers by the
vaporizing process should not be withdrawn, it seems^to me manifest
t h a t provision should be made for the application to the manufacture of
vinegar by the vaporizing process bf so much of the restrictions and of
the supervision now in force respecting the distillation of spirits as may
be necessary for the protection of the revenue from fraud. The presence of a Government storekeeper at these factories, if they are continued, I deem to be of especial importance, the compensation of the officer
to be reimbursed to the Government by the manufacturer. At all events,
experience has deuionstrated that improved legislation upon the subject
is imperatively demanded.
DECREASED PRODUCTION OF SPIRITS.
The quaintity of spirits (74,013,308 gallons) produced and deposited
in distillery warehouses during the fiscal year ended June 30, 1883, is
less than the production (105,853,161 gallons) of the year 1882 by
31,839,853 gallons or less than the production of 1881 by° 43,714,842
gallons.
The decrease in production of the fiscal year 1883 as compared with
that of the fiscal year 1882 is distributed among the different kinds
known to the trade, as follows:
^
Decrease in production of—
Bourbon whisky
Rye whisky
:
Alcohol
Gin
High wines
Miscellaneous
GaUons.
20,913,422
4,440,123
4,482,965
23,366
2,260,428
241,385
Total decrease
Increase in production of—Rum
,
Pure, neutral, or cologne spirits
32,361,689
97,876
423,960
Total
Net decrease
*
521,836
*
*
*
*
31,839 853
*
COMMISSIONER
OF INTERNAL
177
REVENUE
EXPORTATION OF S P I R I T S .
The following statements show the quantities of spirits of different
kinds withdrawn for export during the last two flscal years:
W I T H D R A W i ^ I N 1882—BT DISTRICTS.
High
wines.
Pure, neut r a l , or
cologne
spirits.
Gallons. GaUons. Gallons. Galls.
575
Galloxis.
2,004
84, 224
Bourbon
Eye
whisky. whisky.
Districts.
F i r s t California
Firstlllinois
T h i r d Ulinois.
Fifth I l l i n o i s . . . . . . . . . . :
E i g h t h Illinois . . . .
Fourth Indiana
Seventhlndiana .
....
Second I o w a
Fifth Iowa
Seoond K e n t u c k y
Fifth Kentucky '
Runii
•
2,209
10,116
3,591
4, 023
209
Seventh Kpntn'ckv
Eighth Kentucky
Third Maryland
Gin.
GaUons.
'.^
.
20a
2,907
40
98, 373
448, 518
Pirst Missouri. .
Sixlh Missouri
J^ebraska
P i r s t IS^ew V o r k
. .....
FirstOhio
T h i r d Ohio
Twenty-second Pennsylvania
Twenty-third Pennsylvaiiia
515
3, 412
602
439t
6, 467
33,019
Totals
11, 093
153, 338
165,552
553,406
373, 266
!
406
502
Aggre- .
gate.
Galls. GaUons.
2,579
555, m
355,a$;o
"ihi 3,3O7,:0B3
977,517
152, 967
245, 747287, 704
370,-532'
2, 209
10,316
3,591
0,930
^09
40
96,37:3^
448, 518
15,020
153, 338
172,621
"ll6
615
553, 4 M
373,2|(3
470, 832
355,330
214, 579 3, 082, 049
977,517
152, 967
231.
962
13, 614*
286, 622
1,082
370,532
11,144
171
Alcohol.
502
4, 055 544,891
325,382 7,184, 466
575
* 13,614 "Miscellaneous."
337 8,092,725
1439 "Miscellaneous."
W I T H D R A W N I N 1883-BY DISTRICTS.
Districts.
F i r s t CaliffU'nia . . . . . . . .
F i f t h 111 in ni«i
Eiffhth Illinois
Bourbon
whisky.
Rye
whisky.
Gallons.
7,522
Gallons.
218
Fifthlowa
Rum.
GaUons.
Galloxi-s.
Pure, neut r a l , o r Miscel.Aggrec o l o g n e laneous. j gate.
spirits.
1, 336
199,643
179, 491
457, 609
49, 061
161,808
198,794
155,834
3,893
555
Fifth K e n t u c k y . . . . . .
Sixth K e n t u c k y .
Third Marvland
40,708
25, 857
6,767
41, 234
160,016
" 19,'648*
2tl
64, 226
100,155
568, 831
Sixth Missouri
i
Nebraska
F i i s t Ohio
Third Ohio...
T e n t h Ohio
First Pennsylvania
Fourteenth Pennsvlvania
Twenty-second Pennsylvania
Twentv-third Pennsylvania .
S e c o n d W^tst V i r g i n i a .
440
•
-12
•
470
103,681
13,067
650, 7(54
128, 016
5,588
460
•
Gallons.
14,726
43,639
1 666 534
192 732
108^566
220,725
617,625
49,1)61
202,516
244,299
162,001
3393
75i6
64i.226
100,155
568,831
105, 051
13 067
6561352
128, 016
6,888
1,742
1. 076
90, 711
15,187
47,452
641,032
Totals
Gallons.
237
53, 665
....
3780 F-
Gallons.
6,749
""43,"6i9'
1, 465. 555
192,732
. . .
54,901
Alcohol.
347, 810 3, 254. 202
..
668, 986 ;
372/466
1,742
1,076
90 711
15, 187
4^,452
41,931 1 5,326,427
178
REPORT ON THE FINANCES.
SPIRITS REMOVED IN BOND FOR EXPORT.
The following statement shows the quantity and percentage of production of distilled spirits removed in bond for export during each fiscal
year since the passage of the act of June 6, 1872 :
Taxable
Percent(proof) gala g e of p r o lons
duction.
exported.
Year.
1873
1874
1875 . . . •
ljS76
1877
1878
1879
1880:....
1881
- .
1882
1888
:
...
'
^
2, 358, 630
4, 060,160
587, 413
1, 308, 900
2, 529, 528
5, 499, 252
14, 837. 581
16, 765, 666
15, 921, 482
8, 092, 725
5, 326, 427
...
,
3. 4 5 +
5.90+
0 96-12 25+
4 22+
9.80+
20. 6 3 +
18. 5 5 +
13 5 2 +
7.64+
7.19+
SPIRITS USED BY THE UNITED STATES, BY COLLEGES, ETC., AND IN
MANUFACTURES FOR EXPORT.
The following is a statement in taxable gallons of each kind of spirits
as known to the trade withdrawn from distiller}^ warehouses for the use
of the United States ^ by schools, colleges, and other scientific institutions for use in chemical laboratories, or for the preservation of specimens
of natural history; also, by proprietors of manufacturing warehouses
manufacturing medicines, perfumery, cordials, &c., for exportation.
Scientific p u r p o s e s a n d for u s e of t h e U n i t e d S t a t e s .
District and State.
Rye
whisky.
F i r s t California
F i r s t Illinois
;
Fifth Hlinois
Fourth Indiana ...
....
Seventh Indiana
Second I o w a
Fifth Iowa
Third Maryland
First Missouri
First New York
T w e n t y - f o u r t h !New Y o r k
T h i r t i e t h 'New Y o r k
FirstOhio
Alcohol.
High
MiscellaPure
neous.
wines. spirits.
2,472
9,456
89
91
'.
352
86
3,041
2,035
3,479
2,035
86
134
389
....
7, 839
789
377
1,218
271
Totals
W i t h d r a w n d u r i n g y e a r e n d e d J u n e 30,1882 . .
389
22, 859
*2,402
11, 294
463
352
Total.
352
4,593
12, 497
89
91
86
134
389
7,889
789
377
1,218
271
28, 725
14, 048
Transfer to manufacturing warehouses.
District and State.
Bonrbon
whisky.
F i r s t Hlinois
Fifth Illinois
E i g h t h Illinois
Fifth Iowa
Seoond K e n t u c k y
Fifth Kentucky
Third Maryland .. ^
S i x t h Ohio
Twenty-second Pennsylvania.
T w e n ty-third Pennsylvania
Rye
whisky.
•.
P u r e spirits.
12,606
71, 556
6, 453
108,786
430
1,043
824
672
892
446
230
Totals
1, 867
W i t h d r a w n d u r i n g y e a r e n d e d J u n e 30, 1882..
Alcohol.
* Bourbon whisky.
2,240=
90, 615
163, 55
Total.
12, 606
180 342
6,453
430
. 1 043
824
672
892
446
230
109, 216
203, 938
, , 49, 766
213, 322
COMMISSIONER
OF INTERNAL REVENUE.
tI9
SPIRITS WITHDRAWN FROM WAREHOUSES FOR SCIENTIFIC P U R P O S E S
AND FOR THE USE OF THE UNITED STATES.
The quantity of alcohol withdrawn free of tax from distillery warehouses for the use of colleges and other institutions of learning in the
preservation of specimens of natural history in their several museums,
and for use in their chemical laboratories, and of spirits of various kinds
for the use of the United States, amounted during the year to 28,725
gallons, or 14,677 gallons more than the quantity withdrawn during the
previous year.
TRANSFERS OF SPIRITS FROM DISTILLERY WAREHOUSES TO MANUFACTURING-WAREHOUSES.
The quantity of spirits transferred to manufacturing warehouses during the year was 203,938 gallons, or 9,384 gallons less than the quantity
withdrawn for transfer to such warehouses during the fiscal year 1882.
The falling off occurred as to alcohol and pure spirits. It is noted that
bourbon and rye whiskies were transferred during the past yearj no such
spirits having been so transferred cluring the previous je^r.
DISTILLED SPIRITS ALLOWED FOR LOSS BY LEAKAGE OR EVAPORATION IN WAREHOUSES.
The quantity of spirits, 2,291,013 gallons, reported in the preceding
table as lost by leakage or evaporation in warehouse, is tliat portion of
the actual leakage in warehouse from packages withdrawn during the
year, which has been allowed in accordance with the provisions of section 17 of the act of May 28, 1880.
The leakage allowed during June, 1880, was 75,834 gallons; the quantity allowed during the year ended June 30,1881, was 811,466 gallons;
that allowed during the 3^ear ended June 30,1882, was 1,231,336 gallons, inaking the total allowance to July 1, 1883, 4,409,649 gallons.
The entire quantity of spirits withdrawn from distillery warehouses
during the years 1881 and 1882 was as per original gauge 164,617,511
gallons.
The quantity allowed on account of leakage and evaporation in warehouse on this quantity was 2,042,802, or one and a quarter per cent,
thereof nearly.
The entire quantity of spirits so withdrawn during the year 1883 was
83,291,190 gallons, and the quantity allowed for leakage in warehouse
thereon was 2,291,013 gallons, as above stated, or two and seven-tenths
per cent, thereof. This great increase in the xiercentage of leakage in
warehouse may be due in part to frauds perpetrated by transferring
small quantities of spirits from full packages to packages from which
spirits have leaked in excess of the legal allowance. Such frauds have
been discovered during the past year, and the guilty parties punished.
But the great bulk of the increase is evidently due to the large increase
in the withdrawals of old whisky.
Of this class are bourbon and rye whisky, the quantity of which withdrawn during the year 1883 was 21,896,135 gallons, or only 4,939,888
gallons less than the aggregate quantity withdrawn during the years
1881 and 1882.
It also appears upon comparison of tables furnished in this report
with those given in the reports for the fiscal years 1881 and 1882 that
180
REPORT ON THE FINANCES.
while the quantity of spirits withdrawn during those years which were
from two to three years old J u l y l , 1881, and July 1, 1882, respectively,
was 4,342,763 gallons, the quantity of such spirits withdrawn during
the year ended June 30, 1883, was 8,299,991 gallons.
.DISTILLED SPIRITS LOST BY CASUALTY DURING THE YEAR.
The quantity of spirits, 184,770 gallons, reported in the preceding
table as lost by casualty in distillery warehouses during the year euded
June 30, 1883, is 72,246 gallons less than the quantity so lost during
the next preceding year, or one gallon out of every eight hundred and
eighty-seven gallons held ou deposit in such warehouses during the
year.
I t also appears that the greater part, 170,357 gallons out of 184,770
gallons, was lost through one casualt}^ by fire, which occurred at a
warehouse in the twenty-second district of Pennsylvauia.
DECREASE OF SPIRITS IN WAREHOUSE.
E^early seven-tenths of the spirits remaining in warehouse June 30,
1883(55^,841,741 gallons out of 80,499,993 gallons), was bourbon whisky.
There was a decrease in the quantity in warehouse June 30, 1883, as
compared with the quantity in warehouse June 30, 1882, of 9,462,652
gallons distributed among all kinds known to the trade except pure,
neutral, or cologne spirits, as follows: ~
Gallons.
Decrease
Decrease
Decrease
Decrease
Decrease
Decrease
Decrease
in
in
in
in
in
in
in
bourbon whisky
rye whisky
alcohol
rum
gin
high wiues
misceUaneous
Less increase in pure spirits
7,168,479
1,459,501
214,970
5, 869
16, 392
108,313
678,564
,
9, 652,088
189,436
Net decrease
9,462,652
\
SUMMABY of OPEBATIONS ai DISTILLEBY WABEHOUSES during year ended June 30, 1883, by KINDS of SPIBITS hnown to the TBADE.
DR.
1. R e m a i n i n g in w a r e h o n s e J u l y 1, 1882 .
2. P r o d u c e d y e a r e n d e d J u n e 30, 1883 —
Bourbon
whisky.
Rye
whisky.
Alcohol.
Rum.
Gin.
High
wines.
Pure,
n e u t r a l , or
cologne
spirits.
Miscellaneous.
Galloxis.
63, 010, 220
8, 662, 245
Gallons.
19, 353, 720
4, 784, 654
Gallons.
444, 493
10, 718, 706
GaUons.
518,761
1, 801, 960
Gallons.
89, 094
545, 768
GaUons.
434,100
8,701,951
Gallons.
872. 965
28, 295, 253
Gallons.
5, 239, 292
10, 502, 771
24,138
11,163,10
9,136, 051
,168,218
l^t^, UUO
672 465
Total
n u m b e r of
gallons.
89, 962, 645
74, 013, 308
Total.
13, 774, 539
-1, 406, 067
641, 032
5, 068, 340
653, 851
347, 810
7, 561,171
3,863
3, 254, 202
1,867
7,219
55, 841, 741
2,240
171, 525
17, 894, 219
22, 359
90,615
1,466
229, 523
71, 672, 465
24,138, 874
11,163,199
1,127,159
11, 684
668, 9S6
560, 839
1, 278
C
g
CR.
o ^ W i t h d r a w n on p a y i n e n t of t a x d u r i n g t h e y e a r
^ L o s t b y l e a k a g e or e v a p o r a t i o n i n w a r e h o u s e
4. W i t h d r a w n for e x p o r t d u r i n g t h e y e a r
5. W i t h d r a w n for scientific p u r p o s e s a n d for t h e u s e of t h e U n i t e d
States
6. W i t h d r a w n for t r a n s f e r t o m a n u f a c t u r i n g w a r e h o u s e
7. L o s t b y c a s u a l t y , t h e f t , &c., d u r i n g t h e y e a r
8. R e m a i n i n g i n w a r e h o u s e J u n e 30, 1883
O
Ul
Ul
8, 803, 462
6, 253
27, 609,186 10, 936. 391
11,421
196, 596
372, 466
41, 931
75,441, 087
2,291,013
5, 326,427
O
463
512, 892
43
72, 702
3, 479
2,035
109, 216
49
4,382
1, 062, 401 4, 560, 728
28, 725
203, 938
184,770
80, 499, 993
o
2, 320, 721
634, 862
29,168, 218 15, 742, 063
163, 975, 953
H-I
pi
H
Piiz!
Pi
<
fe!
a
t?3
182
R E P O R T ON T H E
FINANCES.
SUMMARY OF OPERATIONS AT DISTILLERY WAREHOUSES FOR
YEAR ENDED J U N E 30, 1 8 8 3 .
THE
The following table shows the quantity of distilled spirits in taxable
gallons, at 90 cents per gallon tax, placed in distillery warehouses during the fiscal year ended June 30, 1883, the quantity withdrawn therefrom during the year, and the quantity remaining therein at the beginning and close of the year:
Taxable gallons.
1. 'Quantity of distilled spirits actuallv remaining in warehouse July 1,
1882
'89,962,645
2. Quantity of distilled spirits not actually in warehouse claimed to have
been lost by casualty
307,730
3. Quantity of distilled spirits withdrawn for exportation, proofs of landing not received
,
8,838,193
4. Quantity of distilled spirits withdrawn for transfer to manufacturing
warehouse, not yet received at warehouse
35,928
5. Qnantity of distilled spirits produced from J u l y 1, 1882, to J u n e 30,
1883
74,013,308
Total
173,157,804
6. Distilled spirits withdrawn tax-paid (including deficiencies on export
bond and casualties disallowed)
, 75,454,549
7. Distilled spirits exported, proofs of landing received
7,879,130
8. Distilled spirits aUowed for loss by casualty
31,092
9. Distilled spirits withdrawn for scientific purposes and for the use of
the U n i t e d S t a t e s
28,725
10. Distilled spirits allowed for loss by leakage or evaporation in warehouse
,
a2,291, 019
11. Distilled spirits allowed for loss by leakage in transportation for export, &c
48,810
12. Distilled spirits withdrawn for transfer to and received at manufacturing warehouse
197,709
13. Distilled spirits withdrawn for exportation, proofs of landing not received
6,235,474
14. DistiUed spirits withdrawn for transfer to manufacturing warehouse
not j e t received at warehouse
41, 697
15. DistiUed spirits not actually in warehouse, claimed to have been lost
by casualty
,
449 606
16. Distilled spirits actually remaining in warehouse J u n e 30, 1883 .
80,499,993
Total
173,157,804
The quantity of spirits, 80,499,993 gallons, actually remaining in warehouse June 30, 1883, is the quantity as shown by the original gauge of
each package.
The quantity of spirits withdrawn from distillery warehouses for exportation during the year was 5,326,427 gallons.
a T h i s includes 6 gallons allowed in 2nd Ky., upon spiiits partially lost by casualty.
STOCK ON HAND, PRODUCTION, AND MOVEMENT OF S P I R I T S FOR F I V E YEARS.
The following table shows the stock on hand, production, and movement of spirits for the fiscal years 1879, 1880, 1881,
!
1882, and 1883:
1879.
Gallons.
Gallons.
Quantity of spirits actually in warehouses beginning df fiscal year
Quantity of spirits produ^ced during fiscal year . . .
Total
Quantity of spirits withdrawn, tax-paid, during
fiscal year
Quantity of spirits withdrawn for exportation during fiscal year
Quantity of spirits withdrawn for scientific purposes, for use of the United States, for transfer
to manufacturing warehouse, destroyed by fire,
aUowed for loss by leakage in warehouses, &c
. Total.
Quantity of spirits remaining in warehouses at end
of fiscal year
1880.
51, 885. 939
GaUons.
Gallons.
14, 088, 773
71, 892, 621
19, 212, 470
90, 855, 270
85, 981, 894
109, 567, 740
1881.
Gallons.
1882.
Gallons.
Gallons.
31, 363, 869
117, 728,150
1883.
Gallons.
Gallons.
64, 648, 111
105,853,161
149, 092, 019
170, 501, 272
O
O
Gallons.
^
g
89, 962, 645
74, 013, 308
2
O
iz!
[rj
Pi
O
168, 975, 953
61,100, 362
67, 372, 575
70, 730,180
75, 441, 087
14, 837, 581
16,765, 666
15,921,482
8, 092, 725
5, 826, 427
45, 404
337,843
1,149, 851
i, 715, 722
*2,708, 446
^
H-l
66,768, 924
78, 203, 871
84,448,908
80, 538, 627
83,475,960
izi
H
W
g
'•
p>
19,212,470
31,363, 869
64, 648, 111
89, 962, 645
80, 499, 993
* Scientific
Transfers
Casualties
Leakage
28,725
203,938
184,770
2,291,013
Total
2,708,446
^
W
H
.<
izl
d
00
184
R E P O R T ON T H E FINANCES.
SPIRITS R E M A I N I N a IN WAREHOUSES AT THE CLOSE OF THE YEAR.
The following table shows the quantity remaining in distillery warehouses at the close of each of tbe fifteen fiscal years during which
spirits have been stored in such warehouses:
Gallons.
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
Quantity
#
reniaining
remaining
reniaining
reraaining
remaining
remaining
remaining
remaining
remaining
remaining
remaining
remaining
remaining
remaiuing
remaining
*
June
June
June
June
June
June
June
June
June
June
June
June
June
June
June
30,1869.
30,1870
30,1871
30,1872
30,1873
30,1874
30,1875
30,1876
30,1877
30,1878
30,1879
30,1880
30,1881
30,1882
30^ 1883
'.
*
*
*
#
,
16,685,166
11,671,886
6,744,360
10,103, 392
14,650,148
15,575,224
13,179,596
12,595,850
13,091,773
14,088,77a
19,212,470
31, 363,869'
64,648, 111
89,902,645.
SO, 499, 993-
#
COMPARATIVE STATEMENT W I T H PREVIOUS YEARS.
Following is a statement showing, bj^ districts, the quantity, in taxable gallons, of spirits withdrawn for export during the four months^
ended October 31, in the years 1877, 1878, 1879, 1880, 1881, and 1882,
aud during the three months ended September 30, 1883:
Districts.
1877.
First California
Pirst Illiuois
Third Illinois
Fifth Ulinois
Eighth Illinois
First Indiana
Pourth Indiana
Seventh Indiana
..
1878.
1879.
180
165, 376 i, 043, 630
513, 097
265, 050
43, 088
128, 505
252, 527
98, 711
218, 411 1, 334, 489 1, 436, 534 1, 453, 922
214,380
812, 937
25, 913
68, 200
13, 362
6, 327
52, 352
192,441
394, 839
117,732
196, 729
Pifth Iowa
Second Kentuckv
Fifth Kentucky
Sixth Kentucky
SOTenth Kentucky
Eighth Kentucky
Third Maryland
Third Massachusetts . . .
Fifth Massachusetts
....
Pirst Missouri
Sixth Missouri
ISTebraska
Pirst New York
Pirst Ohio
Third Ohio
Sixth Ohio
First Pennsylvania
Twenty-second Pennsylvania
Twen ty-third Pennsylvania
.
Pirst W^isconsin
1,022
7,687
26, 233
289, 365
5,986
21, 497
7,886
53, 906
441
94, 309
52, 036
879, 486
183, 299
53, 51 i
125, 267
167, 792
1882.
26&
6,680.
30, 388
125 771
19, 712
*16 593
42* 99591, 070'
2,747
878
1,777
2,446
694
84, 062
369, 840
106, 216
263, 078
67, 068
227, 407
11, 230
71, 663
337, 868
20,134
98, 261
7,909
128, 351
43, 953
1,938
16, 698
17, 436
1883.
2,526
1,367
139
1, 064
2,493
1,096
1, 053
147, 642
357, 900
200, 494
1881.
1880.
'*
19, 307
110, 329
38 170102, 711
22, 75028 26i
126, 885.
451
436'
28, 515
80, 637
292
10, 619
3,772
4,398
3,864
9,602
1,848
787, 471 3, 302, 766 3, 209,144 4, 024. 292 1, 979, 505
493, 573
752, 389
2,479
4,404
•
Total
,
' Designated as sixth district siuce August 1, 1883.
•
*
#
#
COMMISSIONER OF INTERNAL
185
REVENUE.
SPIRITS IN D I S T I L L E R Y WAREHOUSES NOVEMBER 1, 1 8 8 1 , NOVEMBER
1, 1 8 8 2 , AND OCTOBER 1, 1 8 8 3 .
Following is a statement of the quantities of spirits remaining in
distillery warehouses November 1,1881, E'ovember 1,1882, and October
1,1883:
Gallons.
states.
1881.
Ahibfiraa .
Califtirnia
C"l<ii'cido
Counecticut
.
Georgia
Idiiho
Illinois
Indiaua
. . . .
Kansas
Kentucky
]V1 avy laud . . . . . .
M!l8^^acllusetts
Moutana
M issouri
!Nt^bva.ska
-
.
. . . .
.
.
.
'i:i^^^y J e r s e y
^ e w York
1^^orth C a r o l i n a
Oliio
Oregon
South Carolina
Tennessee
Te.<a8
.
Virginia
W«!St Vii g i n i a
AVisconsin
i
.
Total
'.
.
1882.
1883.
5,942
14,253
222, 382
2,388
25, 956
22, 676
5,508
1,905,620
1, 879, 907
4, 756
28, 319
44, 644, 660
3, 723, 700
446, 254
1, 240
8,134
332, 918
3,134
20,326
260,148
15, 394
12, 020
6,894
2,194, 383
1, 664, 021
24, 475
34, 067
59, 600, 469
4, 021, 007
471, 317
6 866
62, 254
206, 612
198, 284
29, 712
187, 654
281, 025
137,183
3, 247, 868
i62, 457
195, 203
31, 490
191, 978
345, 066
88, 409
3, 088, 969
7, 683, 851
5,677
1, 438, 385
8, 493
179,107
854, 913
51, 095
9,464, 256
2,587
1, 362, 493
6. 484
191,039
981,881
129, 730
1,174, 012
1,235,6%
19, 038
21, 688
52, 219,174
3, 849, 798
493, 205
131
195, 316
164, 322
32,407
142,126
242, 470
154,151
2, 758, 831
2, 022
8, 050, 339
12, 532
1, 527, 574
6,340
224,130
857, 485
163, 852
67, 442,186
84, 628, 331
73, 405, 361
DISTILLED SPIRITS IN T H E UNITED STATES OCTOBER 1, 1 8 8 3 .
The quantity of distilled spirits in the United States, except what5
may be iu customs bonded warehouses, on the first day of October, 1883,
was nearly one hundred and sixteen .million gallons, this quantity being
distributed as follows:
Gallons.
In distiUery ancl special bonded wareliouses
In bands of wbolesale liquor dealers
In bands of retail liquor dealers
73,847,103
13,921,482
28,180,650
:
Total
115,949,235
In making the above computation the average stock of each retail
liquor dealer in the United States is estimated at one hundred and fifty
gallons.
OPERATIONS AT SPECIAL BONDED WAREHOUSES
GRAPE BRANDY.
FOR
STORAGE
OF
The following statement shows the quantity of grape brandy placed
in special bonded warehouses, withdrawn therefrom, and remaining
186
REPORT ON THE FINANCES.
therein at the beginning and close of the fiscal year ended June 30,
1883, in taxable gallons:
Remaining in warebouse July 1,1882:
Gallons. Gallons. Gallons.
Mrst district of CaUfornia
Fourtb district of California
220,687
202,985
423, 672
Removed for exportation and unaccounted for July 1, 1882:
First district of California
825
424,497
Produced and bonded duriug tbe year:
Produced and wareboused in first district
Produced in fourtb and wareboused in first district
Produced and wareboused in fourtb district
117,778
21,061
—
138,839
85,138
223,977
6,516
Transferrecl from fourtb district to first district
654,990
Exported and accounted for during tbe y e a r :
First district of California
Fourtb district of California
1,245
94
1,339
Removed tax-paid during tbe y e a r :
First district of California
F o u r t b district of California
119,299
76, 754
196,053
Loss by regauge, act of May 28,1880:
First district of California
Fourtb district of California
5,034
4,306
9,340
6,516
Transferred from fourth to first district
211,909
Removed for exportation and unaccounted for J u n e 30,1883:
Fourtb district of California
Remaining in warebouse J u n e 30,1883:
First district of California
241,289
Fourtb district of California
200,290
163
441,579
441,742
654,990
Of the 223,977 gallons grape brandy bonded during the last fiscal year
117,778 gallons were produced in the first district and 106,199 gallons
were produced in the fourth district of California.
The total product was 157,848 gallons less than in the previous year,
while the amount removed tax-paid was 27,429 gallons larger than in
1882. The loss resulting from regauge under the act of May 28,1880,
was 3,773 gallons more tlian in the previous year.
Of the quantity in warehouse June 30, 1883, 241,289 gallons were in
the following warehouses in the first district of California:
Gallons.
No. 1.
No. 2.
No. 3.
No. 4.
Bode & Seaiie, at San Fraucisco
J u a n Bernard, at Los Augeles
G. C. Carlou, at Stockton
James M. Tierman, at San Gabriel Station
151,027
44,682
24,475
21,105
The last-named special bonded warehouse was established December
20,1882, and 200,290 gallons were in the following-named w^arehouses
in the fourth district of California:
Gallons.
No. 1. George Licbtbardt, at Sacramento
No. 2. Jobn F . Boyce, at Santa Rosa
No. 3. A. B. Purfurst,at Saint H e l e n a . . .
No. 4.' Jobn Tivneu, at Sonoma
:
84,252
25,179
71,619
19,240
COMMISSIONER OF INTERNAL REVENUE.
187
EXPORTS, DRAWBACKS, BANKS, AND ASSESSMENTS.
EXPORTATION OF MANUFACTURED TOBACCO AND SNUFF IN BOND.
The subjoined table shows as removed and unaccounted for July 1,
1882, and July 1,1883, the quantity, in pounds, of manufactured tobacco
and snuff which had been removed for exportation in bond, and concerning which the proof of exportation required by law had not been
furnished prior to the dates named:
1. Removed and unaccounted for J u l y 1, 1882 :
Bonds in tbe bands of tbe U. S. district attcM'ueys.. .
Tobacco at 24 cents removed under exportation bonds
Tobacco at 24 cents reinoved under transportation
bonds
Tobacco at 16 cents removed under exportation bonds
Tobacco at 16 cents removed under transportation
bonds
Pounds.
17, 094
3,481
Pounds.
9,835
1,080,127^^
84,473
1,195,010^
Removed during tbe year ended J u n e 30, 1883:
Tobacco at 16 cents t a x
Tobacco at 8 cents t a x
9,164,311^^
1,787,444^%
10,951,755t4
12,146,766T%
3. Exported and accounted for during tbe year :
Tobacco, at 24 cents t a x
12,955
Tobacco, a t 16 cents t a x under exportation bonds . . . 10,150,952
Tobacco, a t 16 cents t a x under transportation bonds.
81,989
Tobacco, at 24 cents tax paid on deficiencies
•
361
Tobacco, at 16 cents t a x paid on deficiencies
1, 565
Tobacco, at 8 cents t a x under exportation bonds . . . .
932,823|J
11,180,645U
4. Remaining unaccounted for June 30, 1883:
Bonds in tbe bands of United States district attorneys
Tobacco, at 16 cents t a x removed under exportation
bonds
Tobacco, at 16 cents tax removed under transportation
bonds
Tobacco, at 8 cents t a x removed under exportation
bonds
17,094
91,922
2,484
854,620j8g—
966,120T8^
12,146,766T^
EXPORTATION OF CIGARS AND OIGARETTES IN BOND.
1. Removed and unaccounted for J u l y 1, 1882:
Number.
Cigars, a t | 6 per M
Cigarettes, at 1.75 p e r M
2. Removed during year ended J u n e 30, 1883 :
Cigars, a t $ 6 per M
,
Cigars, at | 3 per M
Cigarettes, at 11.75 p e r M
Cigarettes, at 50 cents per M
242,550
4,856,500
:
2,378,050
395,325
68,413,560
8,474,500
^
Number.
5,099,050
79,661,435
84,760,485 •
188
R E P O R T ON T H E
FINANCES.
3. Exported and accounted for during tbe year ended
J u n e 30,1883:
Number,
Cigars, at | 6 per M
Cigars, at | 3 p e r M
Cigarettes, at 11.75 per M
Cigarettes, at 50 cents per M
2.613.100
291,325
73,039,060
3,561,500
4. Remaining unaccounted for at tbe close of tbe fiscal
year euded J u n e 30, 1883:
Cigars, at $6 per M
Cigars, a t | 3 per M
Cigarettes, at $1.75 per M
:
Cigarettes, at 50 cents per M
Number.
79,504,985
7,500
104,000
231,000
4,913,000
5,255,500
84.760,485
DATE OF BONDS REMAINING UNACCOUNTED FOR J U N E 3 0 , 1 8 8 3 .
The years in which the bonds Avere given for the exportation of
tobacco, snuff, cigars, and cigarettes remaining unaccounted for by the
evidence required by law for their cancellation, on June 30, 1883, are
as follows, viz:
Tobacco,
in pounds.
Year.
1872 . . .
1873
1874
Ig7 5
1876
1877 . .
1878
1879
1880
1881
1882
1883
.
...
'.
Snuft,
in pounds.
Number of
cigars.
Number of
cigarettes.
17, 094
0
0
0
0
0
0
9,774
20,156
6,197
15, 221
897, 678^
7, 500
6,000
0
0
98, 000
95, 000
5, 049, 000
966,120^
111,500
5,144, 000
<?
EXPORTATION OF FRICTION MATCHES, WAX T A P E R S , CIGAR L I G H T S ,
AND P R O P R I E T A R Y ARTICLES UNDER SECTION 19 OF T H E ACT OF
MARCH 1, 1 8 7 9 .
Number of Amountof Number of
tax.
articles.
articles.
1
2
Kemaining unaccounted for June 30,1882
Bonded during the year ended J u n e 30,1883
327, 063 $3, 546 72
27, 516, 958 294, 837 78
3
4
Accounted for as exported during the year
Kemaining unaccounted for June 30,1883
27, 393, 745 293, 425 86
450, 276
4, 958 64
.
1
Amount of
tax.
27, 844, 021 $298, 384 50
27, 844, 021
298, 384 50
COMMISSIONE
OF INTERNAL
189
REVENUE.
DRAWBACK.
STATEMENT of DBAWBACK of INTEBNAL-BEVENUE TAXES ALLOWED on
EXPOBTED MEBCHANDISE during the fiscalyear exuled 1883.
Per-,
Cigars
N o . of P r o p r i e t a r j ^ T o b a c c o . a n d cigar- m e n t e d
articles.
claims.
ettes.
liquors.
Port.
Baltimore
Boston
Chicago
Milwauteo
NewYork
N e w Orleans
Philadelphia
San Fraucisco ..
Saint Louis
Kochester
Suspension Bridge
Troy
Total
A l l o w e d 1882
....
10
13
2
27
82S
42
8
150
44
2
1
3
$492 48
1, 015 93
28, 242 66
Stills.
$215 25
$976 17
1, 382 61
1,424 91 4, 628 43
"$41
72
899
2, 970 62 1, 902
130 00 1, 184
1, 879 50
63
14
12
82 $60 66
36
95 27
1, 838 82
371 02
12 96
58 32
Distilled
s p i r i t s . Cliairs.-
Total.
$30 60
217 50
33
06
14
12
09
36
61
11
82
02
96
32
$738
1, 305
72
899
108 90 $590*92' 34, 852
1,314
1, 382
4,221 00
12,249
1, 838
371
12
58
1,130
33, 000 89 5, 604 00
5, 195 37 |6, 034 16
60 00 4, 608 00
590 92 55 093 94
909
33, 095 22 5: 069 36
1,406 12 3,913 18
60 00 1, 966 50
46,110 38
* Exported duriug the years 1864-'65, 18G6, aud 1867 uuder the provisious of section 171, act J u n e
30, 1864.
By the act of March 3, 1883, section 1, all internal-revenue taxes on
proprietary articles (peifuinery, medicinal preparations, and other articles iinposed by Schedule A, following section 3437 R. S.; were repealed;
and, as xirovided in said act, no drawback of tax on such articles exported on and after the 1st day of July, 1883, has been allowed. At
the tirae the act named took effect, however, there were many unadjusted clainis covering articles of this description exported prior to July
1,1883, and the ainount so ontstanding is estimated at about $25,000, a
portion of which has already been allowed during the current fiscal year.
In connection with the foregoing statement attention is called to the
fact that while the law, §3244 R. S., authorizes the allowance of drawback on stills when exported, no appropriatiou has yet been made by
Oongress for the payment of such drawback. I have therefore to renew
the recommendation made in my iiredecessor's reports for the years
1880,1881, and 1882 tha^t the necessary appropriation be made for the
payment of such drawback, and, in so doing, I would call attention to
the following suggestion on tbe subject which I find on pages OXXX
and CXXXI of the last-named report:
While a nuinber of claims covering stills have been allowed by tliis office during
tbe past tbree years, aud by tbe autboritj- conferred by section 3244, yet tbe claimants
in sucb cases have been unable to recover tbe arnount of drawback so awarded them
by tbis office, in consequence ofthe failure of Congress to make tbe necessary appropriation. Wbile tbe amounts due tbese clairaants are not large, tlie proraise made \>y
the law to tbis class of taxpayers sbould, nevertheless, be redeemed, and I urgently
call attention to tbis matter, in order t b a t tbe payment of tbese claims may be provided for.
190
REPORT ON THE
FINANCES.
CAPITAL AND DEPOSITS OP BANKS.
The following is a statement of the average capital and deposits of
banks and bankers for the six months ended November 30, 1882:
A v e r a g e c a p i t a l a n d d e p o s i t s of
h a n k s a n d h a n k e r s . — F o r m 67.
A v e r a g e c a p i t a l a n d d e p o s i t s of s a v i n g s
h a n k s . — F o r m 106.
s t a t e s and Territories.
Alahama
Arizona
Arkansas
California
.. .. >
Colorado
Connecticut
Dakota
Delaware
Plorida
Oeorgia
Idaho
Tlliuois
Indiana
Iowa
Kansas
Kentucky
LiOuisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Moutana
Nehraska
Nevada
New Hampshire
New Jersey
N e w Mexico
New York
N o r t h Carolina
Ohio
Oregon
Penusyivania
Khode Island
Soutli C a r o l i n a
Tennessee
Texas
Utah
;
Vermont
Virginia
Washington
W e s t Virginia
Wisconsin
Wyoming
Average
capital.
Average
taxahle
capital.
$1, 232, 000
130, 244
389, 552
18,329,598
1, 393, 896
3, 094, 432
628, 620
571, 684
156,256
3,498, 232
. 39,956
11, 372, 266
4, 614, 236
6, 878, 358
2, 764, 372
10, 952, 220
2, 470, 402
83,342
3, 747, 382
7,540,212
3, 466, 986
3, 690, 024
1,006,692
11, 644, 018
525, 720
1, 657, 052
163, 732
50, 000
1, 235, 200
25, 420
82, 760, 504
624, 356
7, 593, 296
959, 008
14, 610, 944
3, 215, 982
573, 296
1, 764,148
4, 624 556
303, 660
450, 000
2, 579, 870
472,156
1,190, 310
2, 358, 356
214, 964
$1, 232, 000 $3, 437, 588
829, 944
130,244
743 448
278,188
12 888 712 4fi 4.'=ii' 7nft $2,175, 618 $1
1, 393, 896
4,870,124
3, 087, 340
7, 023, 268
1,402,844
628, 620
1, 069, 55.6
571, 684
155, 872
967,160
3, 498, 232
5, 089, 052
30, 000
39, 956
184,468
9, 099, 676 53, 811, 568
51, 000
3, 917, 692 16, 458, 784
30, 000
6, 460, 728 24, 004,112
2, 697, 060
8, 672,140
10, 946, 972 17, 030, 360
100, 000
2, 267,476
4, 689, 200
73, 208 • 256,084
2, 961,156 10, 621, 588
30, 900
6,106,380 18,307,292
3,126,156 19, 976, 576
205, 000
3, 475, 024 12, 521,132
1, 006, 692
2,124, 844
10, 593, 500 51; 328, 296
525, 720
1, 540, 824
1, 657, 052
4, 777,120
163, 732
987,056
50, 000
100, 000
26,100
830, 076
4,173,120
57, 500
25, 420
920, 016
65, 722, 376 248,106, 224
624, 356
1, 020, 428
6, 317, 040 38, 205,128
235, 000
689, 008
3, 576,112
525, 000
13,178, 520 92, 836, 288
2, 408, 492
9, 583, 316
30, 000
533, 296
2, 017, 288
1,738,984
2, 964, 940
o
4, 613, 728 11, 358, 660
303, 660
2, 571, 584
274,768
3, 009, 224
399, 868
2, 488, 788 - 10,607,316
472,156
1, 240,180
1,139, 704
5,194, 428
2, 217, 664 22, 327,104
214,964
1, 075, 804
3,200
Average
deposits.
Average
capital.
•
Average
taxahle
capital.
Average
deposits.
Average
taxahle
deposits.
175 152' 5fe4R ifta A9.4. $7, 202, 344
83,761, 086 2, 635, 696
1, 679, 808
15, 340
30, 000
1,160, 704
363, 436
45, 500
30,000
1, 778, 388
2, 015, 286
313, 082
174, 072
96, 932
31 156
100,000
iii, 972
28
57,728
137, 672
93, 860
703, 720
140, 396
29, 009, 228
30, 900 25,677,110
230, 857, 900
3, 809, 782
165, 000
246,184
100, 000
38, 577, 238
25, 654, 732
656, 996
61 836
•
393, 698, 834
524, 240
179, 764
13, 490, 464
77 760
498, 056
41, 662,142
933,000
42, 821,100 3, 083, 732
5,234
2,248
30, 000
399, 868
3,200 "
8, 755, 288
1,148, 908
23, 684
192, 880
26,662
12, 256
227, 647, 5ia 192, 825, 968 779, 989, 396 3, 973, 086 2, 787, 440 994, 450, 556 17,221,012
COMMISSIONER OF INTERNAL REVENUE.
191
Following is a statement of the average capital and deposits of banks
and bankers for the six months ended November 30,1882, in aggregate:
T o t a l a v e r a g e a n d t a x a h l e a v e r a g e of c a p i t a l a n d deposits.F o r m s 67 a n d 106.
states and Territories.
A v e r a g e capital.
Alahama
Arizona
Arkansas
California
Colorado
Connecticut
Dakota
Delaware
Florida
G-eorgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland..:
Massachusetts..
Michigan
Minnesota
Mississippi
Missouri
Montana
Nehraska.......
Nevada
New Hampshire
New Jersey
New Mexico. ...
New York
N o r t h Carolina .
Ohio
Oregon
Pennsylvania...
Rhode Island ...
South Carolina..
Tennessee
Texas..
Utah
' Vermont
Virginia
Washington
W e s t Vii-ginia..
Wisconsin
Wyoming
Total
A v e r a g e t a x a - A v e r a g e depos- A v e r a g e t a x a hle capital.
ble deposits.
its.
$1, 232, 000
130, 244
389, 552
20, 505, 216
1,393,896
3, 094, 432
628, 620
571, 684
156, 256
3, 528, 232
39, 956
11, 423, 266
4, 614, 236
6, 908, 358
2,764,372
10, 952, 220
2, 570,402
83, 342
3, .778, 282
7, 540, 212
3, 671, 986
3, 690, 024
1, 006, 692
11, 644, 018
525, 720
1, 657, 052
163, 732
150, 000
1, 292, 700
25, 420
82, 760, 504
624, 356
7, 828, 296
959, 008
15,135, 944
3, 215, 982
603, 296
1, 764,148
4, 624, 556
303, 660
450, 000
2, 979, 738
472,156
1,190, 310
2, 358, 356
218,164
$1, 232,000
130, 244
278,188
14, 063, 864
1, 393, 896
3, 087, 340
628, 620
571, 684
155, 872
3, 528, 232
39, 956
9,145,176
3,917,692
6, 490, 728
2, 697, 060
10, 946, 972
2, 367, 476
73, 208
2, 992, 056
6,106, 380
2, 291,156
3, 475, 024
1, 006, 692
10, 593, 500
525, 720
1, 657, 052
163, 732
150, 000
830, 076
25, 420
65, 722, 376
624, 356
6, 496, 804
689, 008
13, 676, 576
3, 408, 492
563,296
1, 738, 984
4, 613, 728
303, 660
274, 768
2, 888, 656
472,156
1,139, 704
2, 217, 664
218.164
29, 265, 312
36, 298, 698
249,165,192
23, 786, 358
12, 767, 316
2,124,844
51,328,296
1, 540, 824
4, 777,120
987, 056
38, 603, 338
29, 827, 852
920, 016
641, 805, 058
1, 020, 428
51, 695, 592
3, 576,112
134, 498, 430
52, 404, 416
2, 022, 522
2, 964, 940
11, 358, 660
2, 571, 584
11, 764, 512
11, 756, 224
1,240,180
5,194,428
22, 327,104
1,102, 466
231, 020, 596
195, 613, 408
1, 774, 439, 952
$3, 437, 588
829, 944
743, 448
94, 635,132
4, 870,124
90, 784, 354
1, 402, 844
2, 749, 364
967,160
6, 249, 756
184,468
55, 589, 956
18, 474, 070
24, 317,194
8, 672,140
17, 030, 360
4, S61,172
$3, 437, 588
829, 944
743,448
53, 654, 052
4, 870,124
9, 658, 954
1, 402, 844
1, 084, 896
967,160
5,452, 488
184, 468
53, 985, 640
16,555,716
24, 035, 268
8, 672,140
17, 030, 360
4, 689, 228
313, 812
10, 759, 260
18,401,152
20,680,296
12, 661, 528
2,124,844
51, 328, 296
1, 540, 824
4, 777,120
987, 056
683,096
4, 234, 956
920, 016
248, 630, 464
1, 020, 428
38,282,888
3, 576,112
93, 769, 288
12,667,048
2, 019, 536
2, 964, 940
11, 358, 660
2, 571, 584
3, 032, 908
10, 800,196
1, 240,180
5,194, 428
22, 327,104
1, 088, 060
797,210,398
192
REPORT
ON T H E
FINANCES.
ASSESSMENTS ON BANK CAPITAL AND DEPOSITS.
Following is a statement of the amount of taxes assessed on the capital and deposits of banks and bankers during the six months e^ded
ISTovember 30, 1882:
Savings hanks.
Banks and bankers.
states and Territories.
Total.
O n capital.
Alahama
Arizona
Arkansas
California
Colorado
Connecticut
Dakota
Delaware
FJorida
Georgia
Idaho
Illinois
In;:liana
Iowa
Kansas.
Kentucky
Louisiana
Maine
Maryland
Massachusetts ..
Michigan
Minnesota
Mississippi
Missouii
Montana
Nehraska
,
Nevada
Now Hampshire
New Jersey
New Mexico
New York
North Carolina..
Ohio
Oregon
Pennsylvania . . .
Khode Island
South Carolina ..
Tennessee
Texas
TJl ah
:
Vermont
Virginia
Washington
West Virginia ..
Wisconsin
Wyoming
7,
15,
7,
8,
2,
26,
1,
4,
164,
1,
15,
1,
32,
6,
1,
4
11
O n deposits.
$8, 593 97
2, 074 86
1,858 62
116,129 27
12,175 31
17, 558 17
3, 507 11
2, 673 89
2,417 90
12. 722 63
461 17
134, 528 92
41,146 96
60, 010 28
21, 680 35
42, 575 90
11,723 00
640 21
26, 553 97
45, 768 23
49, 941 44
31.302 83
,5, 312 11
128. 320 74
3, 852 06
11,942 80
2, 467 64
65 25
10, 432 80
2,300 04
620, 265 56
2 551 04
95, 512 82
8, 940 28
232, 090 72
23, 958 29
.5. 043 22
7,412 35
28, 3f)6 65
6, 428 96
7, 523 06
26. 518 29
3,100 45
12, 986 07
55. 817 76
On capital.
$2, 937 88
1, 949, 973 49
$18, 005 86
• 6, 589 24
38 35
75 00
908 59
113 75
435 18
242 33
77 89
75 66
^
250 00
"77*25
'4i2'56
250 00
144
344
234
1,759
350
07
32
18
65
30
99
1, 642 49
154 59
1, 310 60
449 41
"i,'245"i4
""'75'66
999 67
2, 689 51
Total
On deposits.
'"194 40
2, 332 .50
7, 709 33
5 62
59 21
482 20
30 64
6, 968 60
43, 052 53
$11, 673 98
2, 400 47
2, .5.54 (19
169, 291 79
15, «;<iO 05
31,865 76
5, 078 66
4, U l 45
2,807 58
22, 451 80
561 06
157, 827 04
51,1^3 52
70.314 99
28, 423 00
69. 943 33
17,641 76
967 55
34.378 29
61,26H 83
59. 928 63
40, 341 38
7, 828 84
154, 804 49
5, 166 36
in, 085 43
2, 876 97
2.6^2 74
12. 662 58
2, 303 59
785,882 10
4, 111 96
111,919 23
10,662 80
20s, 614 66
37, 6S8 85
6, 457 08
11.7.59 81
39. 930 97
7, 188 11
8,269 19
34, 222 13
4, 280 84
15, 835 33
61,361 92
3, 265 56
2, 482, 059 55
AVERAGE CAPITAL AND DEPOSITS F O R LAST F I V E FISCAL YEARS.
STATEMENT of the GBOSS AMOUNTS of AVEBAGE CAPITAL and DEPOSITS
of SAVINGS BANKS, BANKS and BANKEBS, OTHER T H A N NATIONAL
BANKS, for the years ended May 31, 1879, 1880, 1881, 1882, and J o r the six months
ended November 30, 18>i3.
1879.
C a p i t a l of s a v i n g s h a n k s
C a p i t a l of b a n k s a n d h a n k e r s . .
D e p o s i t s of s a v i n g s h a n k s
D e p o s i t s of b a n k s a n d b a n k e r s .
Total
$3, 597, 392
193,781,219
829,912,178
407, 661, 079
1880.
$1, 004, 821
192,173,555
796, 704, 336
469,124, 384
1881,
$4,187,396
207,454, 924
890, 066. 544
597,381,514
1882.
1883.
$3. 832, 828
224, 476, 932
981,380.832
745, 500, 094
$3, 973, 086
227.647,510
994, 450, 556
779, 989, 396
1,434, 951, 868 1, 462, 007, 096 1, 699, 090, 378 1, 955,190, 686
2, 006, 060, 548
COMMISSIONER OF INTERNAL
REVENUE.
193
BANK FUNDS INVESTED IN BONDS.
The following is a statement of average capital and deposits of savings banks and the capital of banks and bankers other than national
banks invested in United States bonds, compiled from the returns of
said banks and bankers for the years ended May 31, 1879, 1880, 1881,
1882, and the first six months of the year ended May 31,1883:
1879.
Capital of savings banks
Capital of banks and bankers..
Deposits of savings banks
Total
1880.
1881.
1882.
1883.
$429, 791
40, 013, 376
154, 847, 346
$507, 876
40, 371, 865
182, 580, 893
$812,768
35, 099, 939
194, 886. 529
$1,102, 938
37, 527, 554
233, 673, 588
$1,185,646
34, 821, 542
222, 004, 861
195, 290, 513
223, 460, 634
230, 799, 236
272, 304, 080
258, 012, 049
MISCELLANEOUS ASSESSMENTS.
The following table shows the assessments made by the Commissioner
of Internal Kevenue during the fiscal years ended June 30, 1882, and
June 30,1883, respectively, and the increase or decrease on each article
or occupation:
Amount assessed duriug
fiscal year ended—
June30,1882. June30,1883.
Fiscal year ended June 30,
1883. •
Increase
over 1882.
Tax on deficiencies in production of distilled
spirits
$67, 072 85
$108,951 24
Tax on excess of materials used in the production of distilled spirits.
8, 536 11
7,730 78
$805 ;
Tax on deposits and capital of banks, bankers, and savings institutions other than
.5,222,012 40 2, 696, 834 36
national banks
1, 921 81
805 26
Tax ou circulation of hanks and others
Tax ou distilled spiiits fraudulently re63, 414 70 1, 522, 883 12 1, 459, 468 42
moved or seized • also, taxes overdue
Tax ou ferraented liquors removed from brew664 65
575 81
ery unstamped ...
Tax" on tobacco, snuff, and cigars removed
from factory unstamped
43, 095 60
17, 651 07
Tax ou proprietary articles removed un1,788 00
.5.479 19
stamped
80,141 45
193, 145 24
Assessed penalties.
22, 918 83
29, 085 92
Legacies and successions
Unassessed and unasses.sable penalties, interest, taxes previously abated, conscience
mouey, and deficiencies in bouded accounts
which have been collected; also, fines, penalties, and forfeitures and costs paid to collectors by order of court or by order of Secretary, and unassessable taxes recovered ;
also, amount of peualties and interest received for validating unstaraj>ed instru3.52, 299 72
285, 250 80
ments (Form 58)
T
67, 048 92
53, 588 27
61,415 03
Special taxes (licenses)
3, 708 19
1, 201 44
Tax on income and dividends
2, 506 75
Total .
6, 023, 308 80 4, 828, 803 04
Decrease
from 1882.
$41, 878 39
2, 525,178 04
1,116 55
88 84
25, 444 53
3, 691 19
113,003 79
6,167 09
1,194, 565 76
ASSESSMENTS FOR 1 8 8 3 .
The following statement shows the amount of assessments in each of
the several States and Territories of the United States during the fiscal
3780 F
13
194
REPORT ON T H E
FINANCES.
year ended June 30,1883, and includes the taxes assessed ui)on capital
and deposits of banks and bankers :
Alabama
Arizona
Arkansas
California
Colorado
Connecticut...
Dakota
Delaware
Florida
Georgia
Idabo
Illinois
Indiana
Iowa
Kansas
Kentncky
Louisiana
Maine
Maryland
Massacbusetts.
Micbigan
Minnesota
Missisippi
.
Missouri
|18,735 99
3,724 14
8,404 54
185,358 62
19,237 53
38,000 82
6,1.34 .39
4,823 65
4,083 23
39,736 90
943 02
195,981 25
154,495 58
91,417 15
30, 6(56 54
,016,180 21
41,417 05
3,668 48
273,594 54
134,613 71
71,291 47
42,951 49
8,719 10
191,382 50
Montana
Nebraska
Nevada
New Hampshire.
NewJersey
New Mexico
New York
Nortb Caroliua .
Obio
Oregon
Pennsylvania
Rbode Island
Soutb Carolina
Tennessee
Texas
Utab
Vermont
Virginia
Wasbi ngton
West Virginia:
Wisconsin
Wyoming
Total
631 7921, 459 10'
3, 479 51
3, 573 2966, 679 24
3, 335 18
882, 069 8a
28, 975 31
189, 308 96
11, 693 92
522, 173 15
225, 311 93
15 406 26
46, 475 44
48, 849 06
8, 146 46
9, 735 87
48, 799 07
^, 120 52
24, 902 86
68, 551 25
3, .563 14
$5j
,
4, 828,803 04
The main increase of the assessments made in the last fiscal year over
the assessments made during the year ended June 30, 1882, consists in
the tax on distilled spirits and amount assessed on what is called
Form 58.
The law provides three methods of collecting the tax on distilled
spirits remaining in warehouse over three years, viz:
1. Suit on the warehousing bond,
2. Assessment of the tax, and
3. Proceeding by distraint.
Upon consultation with the honorable Secretary of the Treasury it
was decided to adopt the second remedy, and $1,473,045.30 w^ere consequently assessed on spirits remaining in warehouse over the le^altime
of three years. This explains the increase of assessments on this item,
and really leaves a decrease of $13,576.88 assessed on spirits fraudulently removed or seized.
Among the assessments made on Form 58 are amounts collected in
compromise. These conceptions were larger than in the previous year,
the collections from, this source during the last fiscal year being
$252,077.78, while in 1882 they were only $211,524.68. This of course
helped materially to swell the total amount assessed on Form 58.
The decrease of $2,525,178.04 in the tax assessed on capital, and deposits of banksand bankers, as shown by the above table, is owing to the
repeal of said tax by the act of March 3, 1883. Under an opinion ofthe
honorable Attorney-General no taxes on this account were assessed for
IDcriods subsequent to November 30, 1882.
Of the tax on deficiency in the production of distilled spirits $41,878.39
less were assessed last fiscal year than in the previous year. Section
6 of the act of March 1, 1879, as amended by section 8 of the act of
May 28, 1880, authorizes the Oommissioner to remit the assessment of
this tax Avhenever he is satisfied by sufficient evidence that tbe deficiency was not caused by any want of diligence, or by any fraudulent
purpose on the part of the distiller, but was caused by unavoidable
accident or by a misunderstanding of the law or regulations. A large
number of such cases therefore were disposed of in this manner, which
otherwise would have been assessed.
COMMISSIONER OF INTERNAL
195
REVENUE.
In the fiscal year ending June 30,1882, a large ainount of 100 per
centum penalties were assessed against banks and bankers on erroneous
returns made by them. The United States Supreme Court having
decided such assessments to be illegal, they were not made during the
last fiscal year, which explains the decrease of $113,003.79 in this item.
FILES.
The following tables will probably prove interesting.
The general files of this Bureau contain 5,300 cubic feet of miscellaneous reports and papers.
Total number of letters received
Number record books of letters written .
Number press copies of letters written .
Number distillery warebouse records...
Number record of rectifiers
Number record of brewers.
Number record of fruit distilleries
Number abstract of collections
Number miscellaneous books
1, 092,1001,122
1,068
220'
95
80
86
241
1,789^
..-.:
The files ofthe stamp office contain books, papers, &c., as follow-s:
m
•i
1
,3
2^
«f-i
«w
O
D
•u
u
0
rO
rO
s
B
Pirst page
Second page
Third i^age
Pourth page
Pifth page
Sixth page
Seventh page
129, 403
127, 834
Total
370, 208
257, 237
Forms, reports, requisitions, & c . . . . Stubs of distillery-warehouse stamps
Stubs of exj)ort stamps and brewers' permits
Stubs of receipt stamps
Stubs of W. L. D. stamps
Stubs of tobacco and snuff stamps
Stubs of special-tax stamps and record books
Stamp books returned by collectors
'Zi
2S
ft .
'o S
•§2
03 O
ri^rd
CD
o §
CO
^
fc
!§
54,100
81 353
44 529
45, 284
144, 942
^
«
<%
^ - -^^
f-. oo
'So
a o
OrO
222, 773
45
31
18
42
34
36
143
405'
267'
1337'
1858'
1084'
541'
1378'
1381"
1038"
682"
66"
1104"
628"
1126"
349
6873'
841"
".
3 ftC3
^d ' ^C3' uc3
r^
o
5,962
7,685
37, 883 •
52, 961
35, 542
22, 746
59, 994
-gft^
a ce OD
457,237
48,2165,884
81,35320,596
74,321
136,478
3,420'
I have been urged to make recommendations upon many subjects, and
the i^recedents would have justified my doing so where my judgment approved, but I could find no provision of law which authorized or directed
such a course, nor does your letter of September 10, asking for this report, call for such a response. I have therefore yielded very little toa temptation of that kind, and shall reserve expressions of opinion upon
the subjects presented to me until such expressions may be called for
by the proper authority.
1 have the honor to subscribe myself, very respectfully,
W A L T E E EYANS,
Commissioner o
Hon.
O H A R L E S J. F O L G E R ,
Secretary of the Treasury.
REPORT OF THE COMPTROLLER OF THE CURRENCY.
197
REPORT
THE COMPTROLLER OF THE CURRENCY.
TREASURY DEPARTMENT,
OFFICE OF OOMPTROLLER OF THE OURRENCY,
Washington^ Decemher 1,1883.
I have the honor to submit for the consideration of Oongress the
twenty-first annual report of the Oomptroller of the Ourrency, in compliance with section 333 of the Eevised Statutes of the United States.
Two hundred and sixty-two banks have been organized during the
year ending November 1, 1883, with an aggregate authorized capital of
$28,654,350; circulating notes have been issued to these new associations amounting to $7,909,190. This is the largest number of banks organized in any year since 1865.
The following table gives the number of banks organized in each State
and Territory, with their aggregate capital and circulation:
states and Territories.
Texas
Ohio....
Iowa
Penusyivania...
Illinois
Nebraska
Kansas
ISTew York
Dakota
Missouri
Kentucky
Michigan
Minnesota
Washingtoii Ter
Indiana
AVisconsin
Oregon
New Jersey
California
Colorado
Tennessee . . . . . .
Massachusetts:.
Connecticut
Vermont
Montana
Virgiuia
:.
Mississippi
^ Arkansas
Idaho
Ilhode Islaud . . .
Louisiana.
Alabama
Utah
Delaware
Maryland
West Virginia ..
North Caiolina .
Georgia
Arizona
Total
1^0. of
hanks.
Capital.
Bonds
deposited.
Circulation
issued.
$1, 741, 000
$487, 500
2, 850. OUO 1, 213, 000
1, 560, 000
452, 500
1,317,200
776, 500
5, 050, 000
647, 500
950, 000
353, 000
785, 000
240, 000
1, 405, 000
865, 000
600, 000
169, 000
880, 500
477, 250
672, 650
358,100
2, 410, 000
285, 000
2, 910, 000
206, 500
. 400, 000
152, 500
312, 500
500, 000
400,000
120, 000
260. 000
83, 400
253; 000
213, 000
250, 000
112, 500
110, 000
72, 500
630, 000
62, 500
400, 000
400, 000
350, 000
110, 000
300, 000
285, 000
300, 000
97, 500
100,000
62, 500
100, 000
80, 000
100, 000
75, 000
100, 000
25, 300
225, 000
200, 000
200, 000
50, 000
25, 000
100, 000
100, 000
100, 000
80, 000
50, 000
60, OUO
28, 000
55, 000
15, 000
50, 000
50, 000
50, 000
50, 000
50, 000
12, 500
$404, 960
1,091,700
407, 090
660, 600
492,710
306, 370
• 159,690
711, 990
152,030
415, 990
288, 500
242, 990
185, 850
137, 250
272, 230
107, 990
75,020
191/700
45, 000
65, 250
45, 000
360, 000
90, 000
256, 500
87, 740
38, 250
72, 000
67, 500
22, 750
180, 000
9, 375, 550
7, 909,190
22,
90,
33,
25,
13,
45,
45,
500
000
300
200
500
000
000
These banks are located by geographical divisions, as follows: Eastern States, seven banks, with capital of $1,275,000; Middle States, forty,
199
200
REPORT ON T H E FINANCES.
with capital of $3,115,200 5 Southern States, forty-six, with capitalof
$3,798,650; Western States, one hundred and thirty-two, with capital
of $18,295,500; Pacific States, eleven, with capital of $620,000; and
Territories, twenty-six, with capital of $1,550,000.
Forty banks, with aggregate capital of $7,736,000 and circulation of
$4,137,033, have voluntarily discontinued business during the year;
twelve of which were succeeded by other banks, located in the same
places, with nearly the saaie shareholders. Two national banks, with
an aggregate capital of $250,000, during the year ending November
1,1883, have been placed in the hands of.receivers, making eighty-nine
in all since the establishment of the system.
The total number of banks which have voluntarily closed their affairs
by a vote of shareholders owning two-thirds of their stock, under sections 5220 and 5221 of the United States Eevised Statutes, has been
450, of which 67 were placed in liquidation, in anticipation of the approach of the termination of their corporate existence, for the purpose
of organizing new banks as their successors.
The shareholders of ten banks in all have permitted their corporate
existence to expire, and these associations are in liquidation under section 7 of the act of July 12, 1882. National banks are organized in
ever^^ State of the Union and in every organized Territory. The total
number in operation on November 1 was twenty-five hundred and
twenty-two, the largest number that has been in operation at any one
time.
COMPARATIVE STATEMENTS OF T H E NATIONAL BANKS FOR E L E V E N
YEARS.
The following table exhibits the resources and liabilities of the national banks for eleven years, at nearly corresponding dates, from 1873
to 1883, inclusive:
S e p t . 12, Oct. 2, Oct. 1, Oct. 2, Oct. 1, Oct. 1, Oct. 2, Oct. 1, Oct. 1, Oct. 3, Oct. 2,
1873.
1874.
1875.
1876.
1878.
1877.
1880.
1882.
1879.
1881.
1883.
2,004 2,087 2,089 2, 080 2,053 2.048 2,090 2,132 2,269 2,501
1,976
hanks. hanks. hanks. hanks. banks. banks. banks. banks. banks. banks. bankb.
KESOURCES.
Millions. Millions. Millions. Millions. Millions. Millions. Millions. Millions. Jiiillions. m l l i o n s . Millions.
Loans
B o n d s for c i r c u l a t ' n .
O t h e r U . S. h o n d s . . .
Stocks, bonds, & c . . .
D u e from h a n k s
Keal estate
Specie.:
Legal-tender notes .
N a t l - h a n k notes . . .
C. H . e x c h a n g e s
U . S. cert, of d e p o s i t
D u e from U . S . T r e a s
Other resources
944.2
388.3
23.6
23.7
149.5
34.7
19.9
92.4
16.1
100.3
20.6
17.3
954.4
383.3
28.0
27.8
134.8
. 38.1
21.2
80.0
18.5
109.7
42.8
20.3
18.3
984.7
370.3
28.1
33.5
144.7
42.4
8.1
76.5
18.5
87.9
48.8
19.6
19.1
931.3
337.2
47.8
34.4
146.9
43.1
21.4
84.2
15.9
100.0
29.2
16.7
19.1
891.9
336.8
45.0
34.5
129.9
45.2
22.7
66.9
15.6
74.5
33.4
16.0
28.7
834.0
347. 6
94.7
36.9
138.9
46.7
30.7
64.4
16.9
82.4
32.7
16.5
24.9
878.5 1,041.0 1, 173. 8 1, 243. 2 1, 309. 2
357.3 357.8 363.3 357.6 351.4
71.2
43.6
37.4
30.7
56.5
39.7
48.9
61.9
66.2
71.1
167.3 213.5 230.8 198.9 208.9
47.8
4H. 0
47.3
46.5
48.3
42.2 109.3 114.3 102.9 107.8
69.2
36.6
53.2
63.2
70.7
16.7
18.2
17.7
20.7
22.7
113.0 121.1 189.2 208.4
96.4
26.8
1.1
6.7
8.7
10.0
17.0
17.1
17.5
17.2
16.6
22.1
23.0
26.2
28.9
28.9
•
Totals
1, 830. 6 1, 877. 2 1,882.2 1, 827. 2 1, 741.1 1, 767. 3 1, 868. 8 2,105. 8 2, 358. 4 2, 399, 8 2, 372. 7
LIABILITIES.
C a p i t a l 8tx)ck
S u r p l u s fund
U n d i v i d e d profits . .
Circulation
D u e to depositors ..
Due to hanks
O t h e r liabilities . . . .
Totals
491.0
120.3
54.5
340.3
640.0
173.0
11.5
493.8
129.0
51.5
334. 2
683.8
175.8
9.1
504.8
134.4
53.0
319.1
679. 4
179.7
11.8
499.8
132. 2
46.4
292. 2
666.2
179.8
10.6
479.5
122.8
44.5
291.9
630.4
161.6
10.4
466.2
116.9
44.9
301.9
668.4
165. 1
7.9
454.1
114.8
41.3
313. 8i
736. 9
201. 2
6.7
457.6 463.8 483.1 509.7
120. 5 128.1 132.0 142.0
46.1
56.4
61.2
61.6
317.3 . 320. 2 315. 0 310.5
887. 9 1,083.11,134.9 1, 063. 6
267. 9 294.9; 259.9 270.4
8.5
14.9
11.9
13.7
1, 830. 6 1, 877. 2 1, 882. 2 1, 827. 2 i, 741.1 1, 767. 3 1, 868. 8 2,105. 8 2, 358. 4 2, 399. 8 2, 372. 7
•1
COMPTROLLER OF THE CURRENCY.
201
The different items of resources and liabilities have generally increased during the last eleven years, as will be seen by reference to the
previous table, but the items of United States bonds and circulation
have decreased considerably during the past year. The item of individual deposits has largely decreased. This large reduction is chiefly
in the city of New York, and is to be accounted for by the fact t h a t
those banks doing business with brokers have, during the past year^
exchanged checks to a large amount among themselves, instead of sending them through the clearing-house for payment as heretofore, thus
causing a reduction of 105 millions in the item of exchanges for the
clearing-hoi\se, under the head of resources, and a reduction of 104
millions in tlie individual deposits, under the head of liabilities.
The following table exhibits the resources and liabilities of the national banks at the close of busiuess on the 2d day of October, 1883;
the returns from New York Oity, Boston, Philadelphia and Baltimore,
from the other reserve cities, and from the remaining banks of the country, being tabulated separately:
N e w Y o r k B o s t o n , P h i l a O t h e r reservei
delphia, aud
cities.*
City.
Baltimore.
Country
banks.
Aggregate.
2,253 b a n k s .
2,501 h a n k s .
103 h a n k s .
97 b a n k s .
$245,108, 332
Loans and discounts
361,471
Overdrafts
18, 277, 500
B o u d s for c i r c u l a t i o n
820, ODO
B o n d s for d e p o s i t s
2, 296, 050
U . S. b o u d s on h a n d
13, 017, 588
Other stocks aud honds
D u e frora r e s e r v e a g e u t s
Duefrom other national hanks.
17, 336, 757
D u e from o t h e r h a n k s a n d
hankers
2, 800, 515
R e a l e s t a t e , f u r n i t u r e , a n d fix10, 727, 222
tures
1, 077, 693
Cuirent expenses
632,153
Premiuras
-.
2,696,132
C h e c k s a n d o t h e r c a s h i t e m s ..
69, 207, 772
E x c h a n g e s for c l e a r i n g - h o u s e .
1, 812, 886
B i l l s of o t h e r n a t i o n a l b a n k s . . .
45, 399
Practional currency
50,
274,174
Specie
17,117, 605
Legal-tender notes
2, 560, 000
U. S. certificates of d e p c s i l
857, 994
F i v e p e r c e n t . r e d e r a p t i o n fund
190, 320
D u e from U . S. T r e a s u i e r
.$200,815,928
57, 643
49, 002, 050
661, 000
334,150
7, 430, 507
22, 902, 211
$151, 364, 826
372, 486
27, 232, 250
4,153, 000
2, 508, 000
5, 487, 844
17, 896, 779
14, 457, 637
8,147, 081
25, 772, 754
65, 714, 220
1, 729. 484
6,581,347
732, 879
690,818
1,17(1, 960
18, 272,166
2, 842, 064
38,416
13. 079, 936
8,222,711
4, 405, 000
2, 200, 489
132, 222
3, 436, 345
4, 070, 900
829, 821
1, 031, 892
797. 6f^.6
7, 304, 803
3, 094, 672
53, 508
• 13,210,679
15, 097, 081
2, 410, OUO
. 1, 213, 349
152,178
10, 299, 931
26, 958,196
4,167,935
5,709,210
8, 917, 945
1; 568, 472
14, 924,183
306, 628
31, 253,195
30, 245, 600
585, 000
11, 319,192
520, 968
]8,266,27»
48, 337, 665
6, 808, 327
8, 064, 073
13, 582, 693
96. 353, 213
22, 673, 805
443, 951
107, 817, 984
70, 682, 997
9, 930. 000
15, 591, 024
995, 688
457, 217, 563
355, 759, 618
50, 350, 000
23, 875, 025
11, 282, 715
80, 298, 330
23, 313. 375
6, 966, 434
51, 366, 500
12, 731, 471
5, 481, 854
327, 684, 957
82, 080, 611
37, 820, 956
509, 699, 787
142, 000, 482
61, 551, 959
15. 384, 205
39, 078
223,163
221, 672, 303
43, 521, 339
21, 396
915, 649
152, 012, 932
23, 955, 758
204, 001
120,938,735
227, 656, 555
123, 883
1,886.413
.554, 813, 731
310, 517, 857
184, 357
3. 229, 226
1, 049, 437, 701
420, 095
225, 400
96, 578,148
37,167, 431
439.451
37, 287. 071
10, 727, 517
256,124
2, 694, 564
1, 036, 712
28, 133,291
20, 853, 616
1,290,618
1,178, 000
6, 629, 087
2, 718,148
24. 830. 167
14. 853. 508
6, 096, 889
2, 619,129
10,183,197
3, 980, 260
186, 828. 677
33, 602. 072
7,'387, 537
4, 053, 253
457,217,563
355, 759, 618
269,865,150
1,289,814,034
2,372,656,365
48 b a n k s .
RES0UKCE8.
Totals.
$706,161, 705 m , 303, 450, 791
5, 002, 391
5, 793, 991
256, 901, 050
351, 412, 850
11, 447. 000
17, 081, 000
8, 454, 8.50
13, 593, 050 ^
45,178, 092
71,114,031
84,119, 738
124,918,728
269, 865,150 1,289,814,034
2, 372, 656, 365
. LIABILITIES.
Capital stock
Surplus fand
U n d i v i d e d profits
National bank notes outstanding .
State bank notes outstanding
Dividends unpaid
Individual deposits
U . S. d e p o s i t s
D e p o s i t s of U . S. d i s h u r s i n g
officers
D u e to n a t i o n a l h a n k s
D u e t o otber h a n k s and hankers!
N o t e s and hills rediscounted
Bills payable
Totals:
-
* T h e r e s e r v e cities, i n a d d i t i o n t o N e w Y o r k , B o s t o n , P h i l a d e l p h i a , a n d B a l t i m o r e , a r e A l h a n y ,
P i t t s b u r g h , W a s h i n g t o n , N e w Orleans, Louisville, Cincinnati, Cleveland, Chicago, Detroit, Milwaukee,,
Saint Louis and San Prancisco.
202
REPORT ON THE FINANCES.
The following table exhibits, in the order of their capital, the twentyfive States having the largest amount of capital, together with the
amount of circulation, loans and discounts, and individual deposits of
each, on October 2, 1883:
States.
Capital.
602, 500
894,160
2C0, 690
183. 250
926, 820
003, 524
540, 050
208, 030
028, 500
567, 900
2«3, 350
665, 000
485, 000
151, 600
055, 000
986, 000
155, 000
850, OUO
315,300
035, 000
652, 250
550, 000
496, 300
860, 000
401,000
Massachusetts..
N e w York
Peunsylvania...
Ohio."
Connecticut
Illinois
Ilhode Island . . .
Maryland
Indiana.
Kentucky
NewJersey
Michigan
Maine
Minnesota
Iowa
Vermont
New Harapshire
Missouri
Tennessee
Wisconsiu
Texas
California
Virginia
Nebraska
N o r t h Carolina .
Circulation.
Loans nnd
discounts.
Individual
deposits.
$05,390,957 $194,1.74, 670 $116, 025, 957
43,1)8,938
344,212,695
308,139, 245
41,169, 979
160,013,725
151,619,862
23,147, 825
76, 324, 073
59,615,288
17,110, 998
42,183,466
22, 542, 418
75, 256, 750
8,592,210
67, 820, 691
30, 811, 846
14,187, 208
11,719,313
33, 688, 326
8, 628, 665
25, 571, 570
28,744,861
8, 595, 020
23, 542,138
21, 455, 533
9, 4.34, 261
13,578,490
33, 349, 099
9, 351, 479
29, 700, 324
32, 977, 575
4, 973, 395
26, 803, 880
18, 778,198
8, 080, 063
10, 032. 018
24, 084, 505
2,126. 524
17, 036, 350
20,124,327
4, 596, 303
16, 647, 922
6,512,779
12, 054, 046
5, 455, 001
5, 278, 237
4, 982, 532
8, 536, 853
2,117,560
16, 808, 31.7
11,622,696
2, 567, 660
IU, 475,195
8, 419,187
2, 182, 943
13, 841, 561
14, 499, 471
10, 099, 212
1, 462,100
8, 002, 525
1,477,350
8,124, 377
8,175, 066
2, 614, 900
12, 958, 703
12, 385, 827
1,547,395
9, 732, 259
9, 419,110
1,152, 270
4,832,129
3, 214, 853
NUMBER, CAPITAL, AND DEPOSITS OF NATIONAL BANKS, STATE AND
SAVINGS BANKS, AND PRIVATE BANKERS..
Section 333 of the Eevised Statutes of the United States requires the
Oomptroller to present annually to Oongress a statement of the condition of the banks and savings banks organized under State laws. Eeturns of capital and deposits have hitherto been made by these institutions and by private bankers semi-annualh^ to this Department for purposes of taxation. From these returns the following table has been
compiled, exhibiting in concise form, by geographical divisions, the
total average capital and deposits of all the State and savings banks
and private bankers of the countrv, for the six months ending November 30, 1882:
S t a t e b a n k s and t r u s t
companies.
Private bankers.
Greographical divisions.
No.
C a p i t a l . Deposits.
No.
S a v i u g s b a n k s w i t h b aSnakvsi nwg ist h capital.
o u t capital.
Capital. Depos- No. Capital. Depos- No. Deposits.
its.
its.
40
210
248
MilVs.
8.30
40.60
25. 34
MilVs.
31.64
244.02
45.94
94
967
289
MilVs.
6.22
62. 42
6.33
MilVs.
6. .57
112. 69
20. 68
2
8
7
MilVs.
0.10
0.63
0.56
563
48.90
168. 40
2062
30.31
149. 02
25
2.73
35.74
32
35 23
U n i t e d S t a t e s . . 1061
123.14
490. 00
3412
105.28
288.96
42
4.02
43.47 625
960. 26
New England States..
Middle States
Southern States
W^estern S t a t e s a n d
Territories
MilVs.
0.89 420
5.34 171
1.50
2
MilVs.
436. 25
486. 98
, 1.80
The capital of the 2,308 national banks in operation on December 30,
1882, as will be seen by a table in the Appendix, was $484,883,492, not
203
COMPTROLLER OF THE CURRENCY.
including slTplus, which fund at that date amounted to more than
135 millions of dollars; while the average capital of all the State
banks, private bankers, and savings bauks, for the six months ending
November 30, 1882, was but $232,435,330. Thelatter amount is less
than two-fifths of the combined capital and surplus of the national
banks.
The table below exhibits the capital and net deposits of the national
banks on ^December 30,1882, together with the aggregate average capital and deposits of all classes of banks other than national for the six
months ending November 30, 1882:
•
O e o g r a p h i c a l divisions.
State
banks,
savings
hanks, private bankers, &c.
No.
N e w Engla,nd S t a t e s . 556
M i d d l e S t a t e s . . . . . . . 1,356
Southern States
546
Western States and
Territories
2,682
U n i t e d S t a t e s . . . 5,140
Total.
National banks.
Capital.
Deposits.
No.
Capital.
Millions.
14. 62
103. 66
32.23
Millions.
475. 35
849. 03
69.90
560
691
214
Millions. Millioxis.
193.15 1,116
166. 23
556.55 2,047
173.19
68.84
34.80
760
388. 42
843
110. 66
301. 28 3,525
192. 59
689.70
1, 782. 70 2,308
484. 88
1,119. 82 7,448
717. 32
2, 902. 52
81.93
232. 44
Deposits.
No.
Capital.
Deposits.
Millions. Millions.
180. 85
668.50
1,405. 58
276. 85
67.03
138.74
The total number of banks and bankers in the country at the date
named was 7,448, with a total banking capital of $717,318,822, andtotal
deposits of $2,902,522,245.
In the Appendix will be found similar tables for various periods from
1875 to 1882. On a subsequent page in this report, under the head of
^' State banks, savings banks, and trust companies," will be found tables
showing the resources aud liabilities of these corporations for the present
year, and in the Appendix similar results for previous years.
A table arranged by States and principal cities, giving the number,
capital, and deposits, and the tax thereon, of all banking institutions
other than national, and of the private bankers of the country, for the
six months ending November 30, 1882, and for previous years, will also
be found in the Appendix.
The following table exhibits, for corresponding dates nearest to May
31, in each of the last seven years, and to November 30,1882, the aggregate amounts of the capital and deposits ofeach of the classes of banks
given in the foregoing table:
National banks.
state banks, private
. b a u k e r s , &c.
Savings b a n k s
with capital.
Years.
1876...
1877...
1878...
1879...
1880...
1881...
1882...
1882*..
Total.
•
^*-
Capital.
Deposits.
No.
2, 091
2,078
2,056
2,048
2,076
2,115
2,239
2, 308
MilVs.
500.4
481.0
470.4
455. 3
455.9
460.2
477.2
484.9
MilVs.
713.5
768.2
677.2
713.4
900.8
1, 039. 9
1,131. 7
1,119. 8
3,803
3,709
3, 799
3 639
3 798
4, 016
4,403
4,473
Savings
bankswithout capital.
Capi- D e p o s Capi- D e p o s - N o . D e p o s No.
tal.
tal.
its.
its.
its.
2filVs.
214.0
218.6
202.2
197.0
190.1
206.5
231.0
228. 4
MilVs.
480.0
470.5
413.3
397.0
501.5
627.5
747.6
779.0
26
26
23
29
29
36
38
42
No.
Capital.
Deposits.
2filVs.
MilVs. MUVs.
MilVs. MilVs.
5.0
37.2 691 844.6 6,611 719. 4 • 2,07.5. 3
4.9
38.2 676 843.2 6,579 704.5 2,120.1
3.2
26.2 668 803.3 6,450 675.8 1, 920. 0
4.2
36.1 644 747.1 0,360 656. 5 1, 893. 5
4.0.
34.6 629 783.0 6,532 650.0 2, 219. 9
4.2
37.6 629 862.3 6,796 670.9 2, 667. 3
3.9
41.3 622 929.8 7,302 712. 1 2, 850. 4
4.0
43.5 625 960.2 7,448 717.3 2, 902. 5
204
REPORT ON T H E
FINANCES.
It will be noticed that the first two tables of this chapter^re for the six
months ending November 30, while all similar tables in previous reports
have been for the six months ending May 31. The law repealing the
tax on capital and deposits of State banks and private bankers went
into effect on November 30, 1882, in accordance with the opinion of the
Attorney-General, and for this reason the Oomptroller has given the returns to that date, whieh will be the last data to be obtained from this
son ree.
In the last table of the series the returns are given for the six months
ending May 31,1882, and also for the six months ending November 30, of
the same year.
EXTENSION OF THE CORPORATE EXISTENCE OF NATIONAL BANKS.
At the date of my last report, the corporate existence of 86 national
banks had expired, and 30 of these banks had extended their existence
under act of July 12, 1882j 52 banks went into voluntary liquidation,,
and were succeeded by other associations organized in place thereof,
chiefly previous to the act of July 12, 1882, which authorized the extension of the corporate existence for a new period of twenty years of
national banks whose franchises were about to terminate. The 4 remaining banks expired h j limitation and did not effect new organizations. The number of national banks organized under act of February
25, 1863, which were in operation at the date of my last report, December 2, 1882, was 307, as follows :
Date.
December, 1882
January, 1883..
Pebruairy, 1883
No of
hanks.
10
3
294
Capital.
$1, 420, 000
400, 000
69, 793, 250
Circulation.
$1, 278, OOO
360, OOO
53, 222,170
Of these banks, 273 have extended their corporate existence under
act of July 12, 1882; 17 have been placed in liquidation by vote of
shareholders of the bank, and 4 have expired by limitation. All of
these lianks which have been placed in liquidation and have expired
by limitation, with the exception of two, have been succeeded by new
associa.tions, organized in the same localities with different titles.
All of the banks organized under act of February 25, 1863, ceased to
exist by the terms of the act on or before tw^enty years from the date
of its pa;3sage; but the bauks organized under act of June 3,1864, have
succession for twenty years from the date of their organization, section 8 of that act providing that each association
Shall have power to adopt a corporate seal, and shall have succession b y t h e name
designated in its organization certificate, for the i:)eriod of twenty years from its organization, nnless sooner dissolved according to the provisions of its articles of association, or by the act of its shareholders owning two-thirds of its stock, or unless t h e
franchise shall be forfeited by a violation of this act.
The provisions of the act of July 12,1882, authorizing national banking associations to extend their corporate existence are readily understood, and have proved to be well adapted for the purpose. Stockholders have not always assented to the proposed extension of corpo-
COMPTROLLER OF THE CURRENCY.
205
rate existence uuder the law, but up to this date such differences have
been amicably arranged without the appeal to the Oomptroller, provided for in section 5 of the act. Banks whose corporate existence does
not expire until 1885 have already applied to the Oomptroller for authority to extend their corporate existence, but he does not consider
that, under the law, he would be justified in issuing a certificate to a
bank so long previous tothe expiration of its fipst period of succession.
Before granting the extension, the law requires that he shall in every
case make an examination of the bank applying tberefor, and satisfy
himself with regard to the character of the assets held by the bank. It
would be manifestly not in accordance with the spirit of the law for the
Oomptroller to make an examination, and upon such an examination
issue a certificate for the extension of the existence of a bank, to take
eff'ect many months thereafter"; as it is possible that a bank in excellent
condition at that time might, before the extension became operative,
experience a serious impairment of its capital stock. The Oomptroller
has therefore declined such requests, and no certificate authorizing extension will be given to any bank until within a period of about four
months previous to date of expiration of its franchise.
The whole number of banks now in operation, which organized under
the act of June 3, 1864, whose periods of succession will terminate duri n g each year previous to 1900, is 1,595, with capital and circulation as
follows:
No. of
banks.
Years.
1884
1885
1886
1887
1888
1889
1890
1891
18fi2
1893
1894
1895
1896
1897
1898
1899
249
727
19
6
....
. .
.
....
:
.
.
:..
Total
'I
63
104
103
39
67
82
23
29
27
43
1,595
Capital.
Circulation.
$89,611,570
185, 936. 715
2, 715, 300
1,100, 000
1, 300, 000
600, 000
9, 290, 500
13,193, 900
12, 879, 600
4,740,000
7, 638, 000
10, 517, 000
1, 968, 800
3, 019, 000
2, 649, 600
4, 930, 000
$60, 526, 825
124, 807,450
1, 758, 250
976, 500
719,100
540, 000
6, 419, 950
9,120,880
8, 300, 870
3, 849,400
5, 819,150
7, 695,180
1, 525, 500
2,151, 000
2, 208, 600
3,910,900
352, 089, 985
240, 329, 555
In the Appendix will be found a table giving the date of the expiration of the corporate existence of each of the banks whose period of
succession will expire during "the year 1884, with the amount of capital
and the outstanding circulation of each bank.
CONTRACTION OF NATIONAL-BANK CIRCULATION.
The Secretary ofthe Treasury has been compelled, on account ofthe
large receipts of revenue in excess of expenditures, to call in rapidly
for payment that portion of the bonded debt which is payable at the
pleasure of the United States. During the year ending November 1
more than 105 millions ($105,322,450) of the public debt has been paid,
and all ofthe remaining three-and-a-half per cent, bonds, amounting to
^91,596,250, have been called for payment, and ceased to bear interest
206
REPORT ON T H E FINANCES.
on November 1. Notwithstanding the fact that 262 new banks w^ere
organized during the past year, with a capital of $28,654,350, depositing
$9,375,550 of bonds as a security for circulating notes, the aggregate
amount on deposit for that purpose has diminished from $362,490,650
to $352,907,300, a reduction of $9,583,350. More than 40 millions of
three and a half per cents held by the banks on November 1, 1882, have
been withdrawn or called for payment; the threes have increased less
than 22 millions, and the fours and four and a halfs less than 9 millions.
During the month of Sei3tember, fifteen millions of three per cents were
called by the Secretary, and during October fifteen millions, and on Nov^ember 17, ten additional millions, an aggregate of forty millions, of which
about eighteen millions belong to the banks. The remainder of the
bonds outstanding payable at the pleasure of the Government consist
of 265 millions of threes, and of these the national banks hold morethan
two-thirds. Unless there shall be legislation by the present Oongress
which shall reduce the receipts ofthe Government, it is probable that the
United States bonds will continue to be paid at the same rate as during
the past year, in which event all the threes will be called for redemption
within the next three j^ears. This will reduce the bonds held by the
banks from 353 millions to 151 millions, and cause a contraction in the,
national-bank circulation of about 60 millions per annum. This large
contraction wnll be somewhat reduced by the action of those banks
which substitute four and four and a half per cents in place of the threes;
but the amount of long bonds held by the banks may also be reduced by
that class of banks which may conclude that it is for their interest to
avail themselves of the premium at the time when, in their opinion, the
value of said bonds shall reach their maximum price in the market.
The total amount of bonds outstanding, held by the banks and by
the people, which are available for circulation, and not payable at the
pleasure of the Government, and which caunot be redeemed except
by purchase in the market, is as follows:
Four per cents, payable July 1, 1907
Four and a half per ceuts, payable September 1, 1891
Pacific Railway sixes, payable September 1, 1895
Pacific Railway sixes, payable September 1, 1896
Pacific Railway sixes, payable Septenaber 1, 1897
Pacific Railway sixes, payable September" 1, 1898
Pacific Railway sixes, payable September 1, 1899
$737,946,550
250, 000, 000.
$3, 002, 000
8, 000, 000
9,712, 000
29, 383,000
*14,526,512
64,623,512
1,052,570,062
I t is evident that unless there is additional legislation the bonds held
as security for circulation will rapidly diminish. New legislation may,
however, postpone the payment of th-e public debt, or cause the profit
on circulation to increase sufficieatly to induce the national banks to
invest in the long four per cents, which are not to mature for a period
of twenty-four years. The contraction of the bank circulation may be
avoided by reduction of the redundant revenue, and there is no doubt
that this is the truie policy. '^The radical cure for the evil" of an accumulation of a large surplus, says the Secretary in his last report, ^' is
in the reduction of taxation, so that no more Avill be taken from the
people than enougli to carry on the GoA^ernment with economy, to
meet all its obligations that must be met from year to year, to pay off
with reasonable celerity the part of the debt which it may pay at
pleasure, and to provide, through the sinking fund, for the iDayment of
*$483,512 of this amount is payable in 1900, and $4,080 iu 1902.
COMPTROLLER OF THE CURRENCY.
207
that which will become payable by and by. The evil comes from the
likelihood of the Government holding, from time to time, a large surplus to be poured out in volume at uncertain and unforeseen times, and
at times often inopportune for the business of the country. There could
not be that surplus, surely not so great a one, if the subjects of taxation were lessened, and the rates made smaller upon those retained."
The contraction of the bank circulation may also be avoided by
the conversion of the long bonds into three per cents, by offering inducement to the holders of these bonds to exchange them for three per cents
to mature in 1907, the Government i^aying to the holders thereof a
reasonable amount for their difference in value. The principal objection made to tbis proposition is, that the Government would pay to the
holders a large premium upon the bonds held by them, but it is evident
that in the course of two or three years, after the three per cents are
paid, if there is no reduction in the revenue, the surplus will enormously
increase, unless the long bonds are then purchased by the Government
at a rate to be then fixed by the holders thereof, which will be a rate
much higher than that now proposed. The premium to be paid to the
holders of these long bonds may be considerably reduced by j)roviding
that the circulation to be issued upon the proposed bonds when deposited by the national banks as security therefor shall not be subject
to the present tax of 1 per cent, per annum, or by postponing the time
for their payment. Such legislation would make the new bonds more
valuable for this purpose than for any other, and would be likely to prevent their withdrawal until maturity, if once deposited, and for this
reason the bonds would be more desirable as a basis for circulation than
any which have heretofore been issued.
The contraction would also be avoided by providing for the removal
of the tax on circulation, and the increase of the amount of circulation
to be issued to the banks upon the bonds deposited by them.
The Oomi3troller, in discussing this subject in his report for 1882, said:
If the public debt is to be paid hereafter as rapidly as daring the past tbree years,
all of the interest-bearing bonds will soon be surrendered and canceled, and there is
danger t h a t the bank circulation will be so rapidly retired as to cause a contraction
of the curreucy, which will afiect the price of commodities aud create embarrassments in business; but there is now rio sach pressing necessity for a speedy payraent
o f t h e public debt as there is for the reduction of the redundant reveuue. It is believed t h a t Cougress "NVUI soon provide for so large a reduction of the revenue that a
sruificient amount of bouds will remain forthe security ofthe bank circulation. * * *
If the whole public debt were reduced to a uniform rate of 3 per cent., the present
high premium upon, bonds would almost entirely disappear, aud the volume of circulation Avould respond more readily to the demands of business. The temptation to
sell such bonds for the purpose of realizing the premium would no longer remaiu. A
proposition for refunding all the bonds, not payable at the pleasare of the Government, into three per cents, w^as suggested during the last session of Congress. The proposition is t h a t inducements be ofiered to the holders of the four and four aud a-half per
cent, bonds to surrender them to the Government, receiving in payment therefor three
per cent, bonds having the same dates of maturity as the bonds which are to be surrendered. The new three per cent, bouds issued would themselves bear a small premium, and it is believ(-d t h a t the holders of four per cents would consent to such an
exchange if accompanied by an ofi'er of not more than 15 per cent, premiuni. The
amount of the premium upon this class of bonds, say 700 millions, now outstanding
at 15 x)er cent., would be 105 millions of dbllars, and this premium could be paid, as
the bouds are surrendered for exchange, from the surplus revenue ofthe Government,
thus in eftect reducing t h e debt of the Goverument 105 millions by a prepayment of
interest which must be paid at a greater rate each year until their maturity.
The benefits of this plan both to the holder and to the Government are apparent.
The holders would receive, in the shape of 15 per cent, premium upon the bonds, a
portion of their interest in advance, which would be available for loans at rates
greatly exceeding the borrovving power ofthe Government, vrhich is now less t h a n 3
per cent. The Governmeut would be enabled by this use of its surplus to save a portion of the interest wliich otherwise it would be compelled to pay hereafter. ^ " *
208
REPORT ON T H E
FINANCES.
One alternative would be to reduce the tax upon circulation, and another to amend
section 12 of the act of July 12, 1882, so as to authorize the bauks to receive circulation at the rate of 90 -per cent, upon the average current market value of the bonds
for the six months previous. If the bonds shall decline i n t h e market, additional
bonds may be required to be deposited, or the interest may be retained by the Treasurer, upon notice from the Coraptroller, to make up the deficiency. Such an amendment has frequently been suggested, and, in fact, the original national bank act
authorized the issue of circulating notes to the amount of 90 per centum of the current market value of United States six per cent, bonds deposited, provided t h a t such
90 per centum was not in excess of the amount of the bouds at their par value, or
in excess of the paid-in capital stock. The law also provided for the deposit of additional bonds or money upon their depreciatiou, to remain so long as the depreciation
should continue.
It is submitted that the issue of circulation upon four and four-and-a-half per
cents at 90 per cent, upon their current market value, under a restriction similar to
that last mentioned, is equally safe with the issue of 90 per cent, upon the three per
cents now outstanding at par; or t h a t a reduction of tax upon circulation to one-half
of 1 per cent., or to an amount sufiicient to reimburse the Treasury for the whole expense o f t h e issue of bank circulation and all expenses incident thereto, is not unreasonable in view of the fact of the large reduction upon the income derived from
United States bonds, amounting to more than 2 per cent, since this t a x was imposed.
Other propositions have been suggested in order to postpone or prevent the contraction of national-bank circulation which is now imminent, but the Oomptroller considers that, so long as there is a sufficient
amount of United States bonds outstanding, legislation should be so
shaped as to continue them in use as a basis for national-bank circulation. When the national-bank act was passed twenty years ago, it
authorized the issue of bank notes equal in amount to 90 per cent, of
the current market value of the bonds, but not exceeding par, nor
above the amount of the capital of each bank. The only Government bonds then in existence bore mterest at the rate of 6 per cent.,
and the amount of circulation was limited to 300 millions. Subsequently, on March 3, 1865, when this section of the act was amended
so as to issue (circulating notes at the same rate, but also in proportion
to capital, the amount of circulation was also limited to 354 millions,
and the amount of bonds then outstanding bore interest at the rate of
either 5 or 6 per cent. The bonds held by the national banks on November 1 of that year consisted exclusively of five and six percents,
amounting in the aggregate to $367,549,412, of which $128,503,212 were
sixes and $239,046,200 were fives. The great change, since that date,
in the securities held by the banks may be seen by reference to the following table, which gives the kind and amount of bonds held on November 1, 1882 and 1883.
1882.
1883.
Four and a halfs
$33, 754, 650 Four and a halfs
$41,319, 700
Fours
104,927, 500 Fours
106,164, 850
Three and a halfs . . . 40, 606, 950 Three and a halfs . . .
632, 000
Threes
179, 675, 550 Threes
201,327, 750
Pacific sixes
3,526, 000 Pacific sixes
3,463, 000
362,490,650
352,937,300
The interest upon bonds deposited was then from 2 to 3 per cent,
greater than at present, and the profit on circulation about 2J per cent.
There is now only a nominal profit on circnlation issued upou United
States bonds, and many of the banks which have organized during the
past year whose bonds have already been called for payment have ex-^
perienced a loss ofthe amount of premium paid for such bonds.
COMPTROLLER OF THE CURRENCY.
209
The yearly profit on circulation based upon 4 per cent, bonds may be
seen in the following table:*
$100,000 fours at 21 per cent, premium, annual interest
Circulation 90 per cent, on j)ar value
$90,000
I Deduct 5 per cent, redemption fund
4, 500
Loanable circulation,
Gross receipts..'.
Deduct 1 per cent, t a x
Deduct cost redemption
Deduct -^f premium
:...
85,500
.-
$4,000
at 6 per cent^
5,130
9,130
900
30
894
,
1,824
Net receipts . . :
$121,000 loaned*at 6 per cent
Profit on circulation
1.
'
:
7,306
7,260
•
46
If the rate of interest was 7 per cent, there would be no profit. The
annual profit on $100,000 four and a-half per cent, bonds at 14 per cent,
premium, the rate of interest being 6 i^er cent., would be $110, and at 7
per cent, there would be no profit.
At the time of the organization of the system, and since that time,
the law has authorized the issue to a bank of $100,000 capital, circulation at the rate of 90 per cent, upon securities having a market value
equal to the capital. The value of $100,000 of four per cents is now
$121,000, upon which only $90,000 of bonds are issued, the margin being
31 per cent, instead of 10 per cent, as formerly, while the banks at the
same time, under act of June 20, 1874, are required to keep on deposit
Avith the Treasurer a five per cent, redemption fund, which amounts in
the aggregate to an average of about 15 millions of dollars. Thus it
will be seen that with the decrease of interest and decrease of profit
upon circulation, the amount of issue upon the value of the bonds has
also decreased. There is no propriety or justice in authorizing the issue
of ninety dollars upon every one hundred dollar three per cent, bond
worth par, and refusing to issue a like proportion upon a four per
cent, bond worth one hundred and twenty-one dollars. The holder of
a Government bond can readily borrow money upon it as a pledge
from a bank to the amount of 95 x>er cent, of its market value, and it is
not surprising that banks should prefer to relinquish their circulation
rather than deposit as security bonds having a margin of more than onethird of the circulation issued.
A law authorizing increase of issue to 90 or 95 per cent, upon the
lowest market price during the calendar or fiscal year previous to the
deposit, together with the repeal of the tax upon circulation, would
result in the deposit of a sufficient amount of the four and four-and-a-half
per cents to maintain the circulation at about its present aggregate.
,*In this computation the premium is deducted in 23^ equal Jinnual installments,
and the*5 per cent, fund is regarded as reducing the loanable circulation. If the interest to be derived from successive re-investments of all receipts be taken into the
computation, the profits are greater.
E. B. Elliott, esq., Government Actuary, computes t h a t the entire ^ioGit on circulation during the twenty-four years from July 1, 1883, w4iich the bonds have to run
to maturity, based on the four per cent, bonds of 1907, the realized rate of interest
being assumed at five per cent, per annum, and re-invested quarter-yearly, is 11.14 j)er
cent, on the amount invested. If the realized rate of interest be assumed at six per
cent., the entire profit will be 7.47 per cent. If the realized rate of iuterest be taken at
seven per cent., the entix^e profit will be 4.33 per cent.
The yearly profit on circulation on these bonds, the realized rate of interest being
assumed at five per cent, per annum, re-invested quarter-yearly, is --^^ of one per cent,
on the amount invested If the realized rate be assumed at six per cent., the corresponding yeaxly profit will be -f-^Q of one ^eT cent. If the realized rate be taken a t
seven per cent., the yeaxly profit on circulation will be -fJu of one per cent.
3780 F
14
210
REPORT ON THE FINANCES.
Section 6 of the act of July 12, 1882, provides that any gain that may
arise from the failure to preserit the circulating note^ of the national
banks shall inure to the benefit ot the United States; and in order to
ascertain the amouut of such circulatiug notes, it is provided that new
circulation, readily distinguishable from the circulatiug notes before
issued, shall be issued to such banks as shall, under the law, be authorized to renew their corporate existence. I t is believed that the gain arising from the accidental loss or destruction of circulating notes will
amount to from 1 to I J per cent, upon the highest araount outstanding
during each period of twenty years. The amount of gain to the Government at the present time, arising from this source, is probably about
four millions ot dollars. This gain does not properly belong to the
United States, or tp the banks issuing the notes. It really belongs to
those parties only who were the owners of such circulating notes at the
time of their loss or destruction. The Government of the United States
receives the circulatiug notes of the national banks in payment of all dues
except duties on iraports, and guarantees the payment of their issues
at the Treasury, ou demand, holding a paramount lien, upon all the
assets of each bank to make good any deficiency which may arise after
the sale of the bouds pledged for such notes.*
The amount ofthe gain accruing from the non-redemption of lost national-bank notes can soon be approximately estimated, and should be
^authorized to be carried to the credit of au '4nsolvent-bank redemption'' account iu the office of the Treasurer. If this fund should be used
for the purpose of redeemiug the notes of insolvent national banks,
the avails of whose b(>nds might be insufficient for that purpose, the
issue could saf^^ly be increased to a rate not exceeding the low^est market value of the bonds during the calendar or fiscal year previous to
the deposit. Experience has shown that if instead of ninety dollars^
upon each one hundred dollars of bouds, one hundred dollars of circulatiug notes had been issued upon every seventy dollars of United
States bonds deposited, there would not have been any loss to the Government, or to the holders of the circulatiug notes of any of the national
banks which have failed during the last twenty years; but that there
^ might have been an/additioual loss to tbe depositors, depending upon
' the character of the assets held in place of the portion of bonds which
on this supposition would have been released. If circulation had been
issued to these insolvent banks, which had a ca^Dital of about twenty
millions, to the amount of their capital, the value of the bonds being the
same, and there had been just previous to failure a decline in the
market of 5 per cent, upon the value of the bonds, the losses would not
have exceeded.one million of dollars. These possible losses would have
fallen upon the holders of the notes of such few banks only as became
insolvent, or upon the creditors of these banks or the Government;
and if the gain arising from lost notes could have been used as proposed, these possible losses would have been provided for. A very large
proportion of the naitional banks are strong in assets and in the wealth
of their shareholders, and no losses can arise either to creditors or
note holders from their issues. Oirculation could, in Iact, be safely
issued to many of the national banks, which have an accumulated surplus of more than 20 per cent, of their capital to an amount exceeding
their capital, or bonds deposited. But the present" system is a free
banking systera, under which auy association of persons may organize
a bank. The increase in the wealth of the country has been rapid, and
associations are being rapidly organized in such localities as offer good
business inducements, by persons of undoubted means and good financial standing; but human nature remains the same, and Oongress would
COMPTROLLER OF THE CURRENCY.
211
not be justified, under the present system, in authorizing the issue of
circulation beyond the amount of security cleposited, as such legislation
would offer induceraents to. unprincipled men to organize banks, and
issue circulation for fraudulent purposes.
A proper limit to the issue of the circulating notes of each banii,'and
adequate security for the amount to be issued, does more to prevent the
organization of fraudulent institutions, in such a broad territory as our
own, than any penal iprovision however stringent.
Legislation authorizing such an account as has been suggested to be
opened in the office of the Treasurer would insure the Government
against any possible loss, and the increase of circulation upon bonds,
together with the repeal of the tax iiptm circulation, would undoubtedly
have the effect of supplying the country with bank circulation for the
next twenty four years, or until the maturity of the four per cent, bonds,
and probably without affecting the safety fund thus provided to the
amount of a single dollar. This legislation would have the effect to
advance the price of the bonds, but the advance would briug them
iuto the market, still leaving a sufficient profit to make the investment
desirable as a pledge fbr circulation.
If beyond any anticipated contingency the bonds should largely decline in value, the amount of security could immediately be required to
be increased, under section 5167 of the Revised Statutes, which provides
that—
Whenever the market or cash value of any bonds thus depofsited with the Treasurer
is reduced below the amount of the circulation issued for the same, the Comptroller
may demand and receive the amount of such depreciation in other United States
bonds at cash value or in money from the association, to be deposited with the Treasurer, as long as such depreciatiou .continues.
If considered desirable, in anticipation of a gradual decline of premium, the proposed law could require the amount of circulation issued
to be reduced one per cent, yearly, or such per centum that the total
amount outstanding could not atany time exceed the value of the bonds
on deposit^ and the Treasurer also could be authorized to retain the interest upon bonds when necessary upon the request of the Oomptroller.
The proposition to convert the long bonds into threes, is more desirable than the proposition to increase the rate of circulation, for the
reason already referred to, that the new three per cents, payable in
1891 and 1907, would bear but a comparatively small premium in the
market and that the Goverument would be enabled to use its surplus
revenues to advantage. They would be the only bonds available for
circulation, and would not be likely to be withdrawn for sale for the
purpose of realizing the market price; and the i)rofit on circulation would
be sufficient to induce bauks to deposit them whenever additional
circulation is required.
From time to tim e, as the present three per cents are called for iiayment,
the fours and four and a halfs are likely to advance in the market, and
subsequently to decline gradually until the day of payment. There will
be a diversity of opinion in reference to the date when they will reach their
maximum luice in the market, and for that reason they will be deposited
and withdrawn, not Avhen a greater or less amount of circulation is
needed, but when the holder believes that he can realize the greatest
profit from their purchase or sale.. The new long three per cents would
give that elasticity to the circulation which is greatly needed, and which
caunot be obtained from the dei)osit of Government securities worth a
premium nearly equal to one-fourth of their par value.
While the Oomptroller is of opinion that the addition to the circulating medium, of the country during the last three years has been more
212
REPORT ON TIIE FINANCES.
'
^
than sufficient to supply the legitimate demands of business, he believes
that the large contraction of the curreucy now imminent, should not be
allow^ed to take place too rapidly, or the deficiency caused by such contraction be replaced by a substitute less desirable than the bank notes
now in circulation. It is Said that if the deficiency arising from the
retirement of national-bank notes during the next three years should
amount to about 60 millions per annum, it may be supplied by the gold
imported from abroad, by the annual product from the mines, or by the
coinage of the silver dollar upbn vvhich silver certificates are now issued.
By reference to the next chapter of this report it will be seen that
there has been a large increase in gold coin, and also a large and steady
increase in the amount of siU^er, chiefiy of standard silver dollars, since
the date of resumption.
But in the fiscal years from 1868 to 1877 there was an excess of gold
exports as follows:
1868....:
1869
1870
1871
1872
•-
$63,658,901
21,870,930'
' 21,579,012
59, 802, 647
40,831,302
1873
1874
.1875
1876
1877
$36,174, 268
14,539, 282
53,284,184
23,184, 341
344,140
, while during tbe succeeding fiscal years there was an excess of gold
imports, as follows:
1878
1879
1880
$4,125, 760 1681
1,0.37,334 188-3.77,119,371 1883 -
.-
$97,466,127
1,789,174
6,133,261
The gold production from the mines is estimated to have beeu about
32 millions annually during the last six years, from which must be deducted about 11 millions, the amount estimated to have been used annually in the manufactures and arts.
The annual increase or decrease of gold iu this country is subject to
great variations, depending' largely upon the value of its products exported and the amount of its imports. It may at any time be largely
to the advantage of trade and the business of the country to send
gold abroad for the purchase of commodities, and if the experience of
former years, not only in this country but elsewhere, is repeated, the
amount of gold now held by us will not long hence be greatly diminished. Under existing laws, the increase in standard silver dollars cannot be less than 27 millions annually, and to that extent the contraction
caused by the withdrawal of the bank circulation may be supplied by
fhe introduction of an inferior currency.
It is also urged that Treasury notes as well as silver certificates may
be issued in place of the bank notes which are to be retired.
This latter proposition was fully discussed in the reports of the Oomptroller previous to the resumption of specie payment on January 1,
1879. I t has been discussed in nearly every village and city of the
Union, at a time when a large amount of five and six per cent, bonds
was payable at the jileasure of the Government, and when thereceipts
of the Government did not so largely exceed its expenditures. Even
under such favorable circumstances the constitutional right to issue
legal tenders in time of peace was questioned; and it may be added that
this question is now before the Supreme Oourt of the United States for
its determination. If Treasury notes not a legal tender were to be
issued for the amount of the present paper circulation, in all about 700
millions, the Government, as w^as then said, must hold a large a m o u n t not less, than 250 millions—of coin as a reserve, a considerable portion
of w^hich must be purchased; and the interest upon this reserve and
the expense of issuing the notes and the cost of redemption were then
considered more than equal to the advantage or profit derived b y t h e
COMPTROLLER OF THE CURRENCY.
213
banks from the issue of circulating noj:es, while the obvious advantages
of the present^systemof i^aper currency, composed of bank and Treasury
notes in nearly equal proportions, and of having the monetary institutions ofthe countr^^ large holders of the public debt, would be lost.
The most serious objection to the proposition was that if the entire
papei' mouey ofthe country was issued by the Government, its amount
would depend, not upou the demands of business, but upon the action of
j)olitical parties andof Oongress, and. could be increased and diminished
at its pleasure. No country which has continuously maintained specie
payment has burdened itself with direct issues of paper circulation.
Such issues in England and France are not the issues of the country,
but the demand promissory notes of great banking institutions organized for this purpose. The act to provide for the redemption bf specie
payments, of January 14, 1875, provided for the reduction of the legaltender Treasury notes, aud the act of May 31, 1878, fixed the limit of
such notes, leaving a conviction in the minds of the people that the
amouut was not to be increased. If the amount is to be increased, it
"canuot be done without reopening again the discussions which took
place previous to resumption, and which finally resulted iu the passage
. of the act extending the corporate existence of the national banks during
the last session of Congress. If reopeued it is more likely to result, as
has been said by the Oomptroller in previous reports, in the repeal of
the act taxing the notes of Sta.te banks out of existence than in any
considerable increase of Treasury notes.
Since the date of the commencement of this exhaustive discussion in
every part of the country, its situation has greatly changed. Specie payments have been resumed, and the revenue of the Government has so
greatly increased that the funded debt has been diminished more than
four hundred millions, and the borrowing power of the Goverument
increased from 5 per cent, to about 2.80 ]5er cent. More than 1,700
millious of five and six per cent, bonds have been replaced b}^ fours and
four-and-a-halfs, and the remainder converted into three-and-a-halfs;
while during the last two years five hundred aud seventy millions of
the three and one-half per cents have either been refunded, converted ^
iuto threes, or paid, ar called for payment, and the Treasury is embarrassed, not for want of the funds with which to pay the expenses of
the Government, but with a revenue greater than it needs, and greater
than it can judiciously disburse. Under such circumstauces, authority
of Oongress to print additional Treasury notes would lead to still
greater embarrassment, and place in the Treasury circulating iiotes at
. a time wheu the most important subject before Oongress is the reduction ofa redundant revenue and the employment ofthe surplus of an
overflowing Treasury. If it were possible to issue additional Treasury
notes when the revenues of the Government are so much greater than
its expeuditures, and simultaneously with the yearly addition of silver
dollars now auihorized by law, it is evident that such steps would lead
plaiuly from a gold to a silver standard. The gold balance belonging
to the Treasury is large, but the silver balance has increased rapidly^
andthe laws nowin force wiil continue to increase the silver and reduce
the gold.
The issue of additional Treasury notes will weakeu the Treasury,"and
be likely to create doubts on the part of some of the holders as to the
ability of the Goverument to pay gold on demand, and the Governnient,
by declining to pay in gold,, thus taking from the holder the option of
payment, may at auy time bring the nation upon the silver standard,
advancing the price of products and demonetizing the entire gold coin
214
REPORT
ON
THE
FINANCES
of the country. In such a crisis, the reserve of gold iu, the Treasury
will be continually diminished on the one hand by the presentation of
its notes for payment, while its revenue, on the other hand, will not be
increased by customs duties paid in gold, as at present, but by the return of silver dollars and silver certificates, which will under existing
laws sooner or later drive every dollar of gold coin out of circulation,
bringing upon the country a much greater contraction than that which
i t i s now proposed to prevent.
DISTRIBUTION
OF COIN AND P A P E R
CURRENCY. '
In previous reports tables have beeu given showing the amount of
coin aud currency iu the country and its distribution in the Treasury,
in the banks, and among the people on Januaiy 1,1879, the date of the
resumption of specie payments, and ou November 1 of that and each
succeeding year. These tables bave been thoroughly revised, and are
again presented, the amounts on November 1,1879, being omitted, while
^ those on November 1,1883, are added.
The amouuts of gold and silver in the country available for circulation
are based upon the estimates ofthe Director ofthe Mint for January 1,
1879, aud November 1, 1879. The amounts of gold for the sncceeding
dates have beeu obtained by adding the gold production of the country,
less.the amouuts used in the arts, from estimates of the same officer, adding the excess of gold importations during the year or deductiug the
excess of gold exportations fbr the same period, according to the reports
of the Bureau of Statistics. The amounts of silver are obtained by adding for each year the amount bf silver dollars and fractional coinage, less
amounts recoined. F o r t h e yearl883 the silver bullion purchased by
the Government for coinage aud on hand on November 1 isincluded.
From November 1,1882, to November 1,1883, the production of, gold
by the mines of the United states is estimated to have been $32,000,000.
During the same period the amouut of gold—foreign and domestic gold
coin and bullion—imjiorted in excess of the amount exported has been
$13,613,992, making an iucrease in the stock of gold in the country of
$45,613,992. From this arnount must be deducted the aniount used in
the arts during the same period ($11,000,000), leaving $34,613,992 as
the increase iu the stock of gold coin and bulliou in the country.
The total excess of imports of gold over exports of the same from
the date of resumption to November 1,1883, hasibeen $186,195,510, and
the total estimated gold product of the mines of the United States for
the same period has been about $167,600,000. The total amount of
silver coined duriug the year has been, after deducting the recoinage,
$29,021,143, of which $28,391,069 were standard silver dollars. The
total amouut of the latter coiued sincf^ the passage of the act of February 28, 1878, authorizing that coinage, up to November 1, 1883, has
been $156,720,949.
J h e following table, based upon the estimates and figures given above,
shows the amount of coin and currency in the country on January 1,
1879, and on November 1 of the years named:
',
Gold coin and bullion
Silver coin
Lej^al-tender notes
National-bank notes
Totals.
January '
1 1879.
$278,310,126
106, 573, 803
346,681,016
323, 791, 674
November
1,1880.
$449,
153,
336,
343,
November
1,1881.
327, 404 $550, 922, 398
653, 630
181.476,144
681, 016 . 346,681,016
834,107
360, 344, 250
November
1,1882.
$547,
208,
346,
362,
356, 262
744. 424
681. 016
727, 747
1, 055, 356, 619 1, 293, 496,157 1, 439, 423, 808 1, 465, 509, 449
November
1,1883. •
$581,
242,
346,
352,
970, 254
701, 932
681, 016
013, 787
1, 523, 366, 989,
COMPTROLLER OF THE CURRENCY.
215
There has been no change in the aggregate of legaltender notes outstanding, wbich still remaius as fixed by the act of May 31, 1878.
Nationaibank notes have decreased $10,713,960 during the year; the
amounts of gold and silver have increased $34,613,992 and $33,957,508,
respectively, makiug the total increase during the year in gold, silver,
and currency, $57,857,540.
The table below gives the portion of the gold, silver, and currency
held by the United States Treasury and by the national and State banks.
The amounts in the United States Treasur^y are for the corresponding
dates with those in the precediug table. The amounts in the national
banks are for the corresponding dates nearest thereto on which returns
were made to the Oomptroller, viz: January 1, 1879; October 1, 1880
and 1881; October 3, 1882, a.nd October 2, i883. The amounts iu the
State banks, trust companies, and savings banks have been compiled
in this office frora official rei)orts for the nearest obtainable dates.
January
1,1879!
November
1,1880.
November
1,188].
November
1, 1882;
$133, 679, 349
$167, 781, 909
$148, 435, 473
$157, 353, 760
102,851,032
107, 222,169
94,127, 324
97, 570, 057
17,102,130
19, 901, 491
17,-892, 500
18, 255, 300
253, 632, 511
294, 905, 569
260, 455, 297 |
273,179,117
November
' 1,1883.
GOLD.
I n t b e T r e a s u r y , less certificates
j $112, 703, 342
I n national banks, including
35,039,201
certificates
... I
I n S t a t e b a n k s , i n c l n d i n g cer!
10, 937, 812
tificates
^
T o t a l gold
I n t h e T r e a s u r y , s t a n d a r d silv e r dollars
I n t h e Treasury, bnllion
I n t h e T i e a s u r y , f r a c t i o n a l coin
I n national banks
Total silver.
158, 680, 355
17, 249, 740
9,121, 417
6, 048,194
6, 460, 557
47,156,
6,185,
24, 635,
6, 495,
588
000
561
477
66,576.378
3, 424, 575
- 25, 984, 687
7,112, 567
92, 414, 977
4, 012, 503
26, 749, 482
8, 234, 739
116, 036, 450
4, 936, 365
26,712,424
10, 247, 926
38, 879, 90g
84, 472, 626
103, 098, 207
131, 411, 701
157, 933,165
CURRENCY.
I n tlie T r e a s u r y , l e s s certificates .
I n national banks, including
certificates
I n S t a t e b a n k s , i n c l u d i n g certificates
."
In savings b a n k s
44, 425, 655
126,491,720
25, 944, 485
14, 513, 779
18,221,826
22, 774, 830
26, 224, 248
30, 996, 217
86, 439, 925
77, 630, 917
92, 544, 767
103, 316, 809
25, 828, 704
17, 072, 680
27, 391, 317
• 11, 782, 243
27, 086, 482
14, 724, 978
28, 259, 069
12, 998, 594
Total currency
211, 375, 639
147, 563, 225.
139,579,307
160, 580, 475
175, 570, 682
Grrand t o t a l s
408, 935, 902
485, 668, 362
"5377583, 083
552, 447, 473
608, 682, 964
If the aggregates of gold, silver, and currency for the several dates
in the above table be deducted from the amounts of the same items at
-corresponding dates iu the table which precedes it, the remainders will
be, approximately, the araonnts in the hands of the people at corresponding dates.
Oold
SilA^er
Ourrency
Totals
January
1,1879:
Noveraber
1,1880.
November
1,1881.
November
1,1882.
November
1,1883.
$119,629,771
67, 693, 895
459, 097, 051
$195, 694. 893
69,181, 004
542, 951, 898
$256, 016, 829
78, 377, 937
567, 445, 959
$286, 900, 965
77, 332, 723
548, 828, 288
$308, 791,137
84, 768, 767
523, 124,121
646, 420, 717
807, 827, 795
901, 840, 725
913, 061, 976
916, 684, 025
216
REPORT ON THE FINANCES.
The gold in the Treasury, includingbullion in the process of coinage,
has increased during the year $8,918,287, and in the banks $3,805,533.
The paper currency iu the Treasury has increased $4,771,569, aud in the
banks $10,218,238. The increase of gold outside of the Treasury and
the banks has been $21,890,172, and of silver coin $7,436,044, and the
decrease of paper currency exclusive of silver certificates, $25,704,167.
In the foregoing tables the silver certificates issued by the Treasury
have not been included, but the standard silver dollars held for their
rederaption ou presentation forra a portion of the silver coin in the
Treasury. The silver certificates in the hands of the people and the
banks, at the dates corresponding to those given in the tables", were as
follows:
Ja.iiiiary 1, 1879
Novemi)er. 1,1880
Noveaiber 1, 1881
Novejuberl, 1882
Novemberl, 1^83
,
1
'.
J
|413,.360
19,780,240
58,838,770
65,620,450
85,334,381
It will be seen that the araount of these certificates in circulation has
increased $19,713,931 during the year.
The gold certificates issued under section 12 of the act of July 12,
1882, outstanding in the hands of the people and banks on Noveraber
1, 1882, and Noveraber 1, 1883, not including the araount in the Treasury, were $6,962,280 and $48,869,940, respectively.
As before stated, the total amount of standard silver dollars coined
iip to Noveraber 1, 1883, was. $156,720,949; of w^hich, as shown in one
of the foregoing tables, $116,036,450 was then in the Treasury, although
an amount equal to $85,334,381 was represented by certificates in the
hands of the people and the bauks, leaving $30,702,069 then held by
the Treasury. Of the $156,720,949 coiued, $40,684,499 was therefore
evidently outside ofthe Treasury, and $85,334,381 ofthe amount in the
Treasury was represented by certificates in circulation. The remainder
of the silver, $85,980,983, consisted of subsidiary coin, trade dollars, and
bullion purchased for coinage, of which $31,648,789 was in the Treasury,
and about $49,993,256 was in use with the people aud the banks, in the
place of the paper fractional currenc}^ for which it was substituted, as
against $53,232,520 similarly employed Noveraber 1, 1882.
The iucrease of gold and silver coin and paper currency, exclusive of
silver certificates outside of the Treasury.and the banks since the date
of resumption, is thus estiraated to have been $270,263,338, and the iucrease duriug the 3'ear endiug November 1, 1883, $3,622,049. To these
sums the amouuts of silver certificates.in the hands of the people may
be added. On November 1, 1883, the amount of these certificates held
by the people and the banks was, as has been seen, $85,334,381;. but
the proportion of this amount in the hands of the people cannot be exactly determined.
AMOUNT OF INTEREST-BEARING FUNDED DEBT IN THE UNITED
STATES, AND THE AMOUNT H E L D BY NATIONAL BANKS.
The public debt reached its maxiraura on August 31, 1865, at which
time it amounted to $2,845,907,626. More than 1,275 millions of this
debt were in temporary obligations of the Goverument, of which 830
millions bore interest at 7.30 x^er cent, per annum. The average rate of
interest on 1,725 uiillions of the debt at that date was 6.62 per cent.
This large araount of teraporary obligations was funded within the
three years which followed the close of the war, chiefly iuto six per cent,
bonds. The six per cent, bonds were graduall}^ reduced during the year
1869 and the seven j^ears following, by payraent and refunding into five
217
COMPTROLLER OF THE CURRENCY.
per cents. The six x^er cents, together with the five x^^r cents, were
subsequently raxiidly replaced by four and one-half and four xier ceut.
bonds, which were authorized to be issued by the act of July 14, 1870.
In the year 1881 all of the unredeemed five and six per cent, bonds,
amounting to $579,560,050, were continued x:)ayable at the x)leasure of
the Government, with interest at three and one-half per cent., by agreement with the holders. The act of July 12,1882, authorized the refunding of the three and one-half's into three per cents, aud since its passage
all of these bonds have been converted iuto three per cents, or called
for payraent. The last call was made on July 26 for $30,753,350, and
the interest on these bonds ceased on Noveraber 1 last. The Secretary
also, duriug the raonths of Septeraber, October, aud Noveraber, called
for xiayment forty raillions of the threes. The interest on the last call
of teu millions is to cease on February 1.
The report for 1879 and subsequent reports contain tables exhibiting
the classification ofthe unmatured iuterest-bearing bonded debt of the
United States, and of the bonds-held by the national banks for a series
of years.
These tables are again presented, and exhibit the araount of the outstanding bonds of the Governraent, and the araount held by the banks
on Jul.y and Noveraber 1, of the x:>resent year.
Tbe followiug. table exhibits the classification of the unmatured interest-bearing bonded debt of the United States* at the dates named:
Date.
Aug.
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
1865.
1866.
1867.
1868.
•1869.
1870..
1871.
1872.
1873.
1874.
1875 ,
1870..
1877.
1878.
1879.
1880..
1881.
July
July
1882.
1883.
Nov. 1,1883.
Six per cent,
bonds.
P i v e p e r cont. I P o u r and a lialf P o u r p e r cent, j
jX^er c e n t , b o n d s .
bonds.
bonds.
t
$199, 792,100
$908, 518, 091
198, 528, 435
1, 008, 388, 469
198, 533, 435
1, 421,110, 719
221, 588, 400
1, 841, 521, 800
221, 589, 300
1. 886, 341, 300
221, 589, 3U0
1, 764, 932, 300
274, 236, 450
1,613,897,300
414, 567, 300
1, 374, 883, 800
414, 567, 300
1, 281, 238, 650
510, 628, 050
1, 213, 624, 700
607,132, 750
1,100, 865, 550
711,
685, 800
984, 999, 650
703, 266, 650
854, 621, 850
703,
266,
650
738, 619, 000
646, 905, 500
310, 932, 500
484, 864, 900
235, 780, 400
439, 841, 3.50
196, 378, 600
Continued a t
Continued at
3^ p e r c e n t .
3^ p e r cent.
401, 503, 900
58, 957,150
32, 082, 600
3 p e r cents.
304, 204, 350
3 p e r ceuts.
305, 529, 000
•-1
$140, 000, 000
240,000,000
250, 000, 000
2.50, 000, 000
250, 000, 000
$98,
679,
739,
739,
850, 000
878,110
347. 800
347, SOO
Total.
$1,108, 310,191
1, 206,916, 904
1, 619,644,154
2, 063,110, 200
2,107, 930, 60O
1, 986,521, 600
1, 888,133, 750
1, 780,451,'100
1, 695,805, 950
1, 724,252, 750
1, 707,998, 300
1, 696,685, 450
1, 696,888, 500
1,780, 735, 650
1, 887,716,110 .
1, 709,993,100
1, 625,567, 750
250, 000, 000,
I
739, 349, 3.50
1, 449, 810, 400
2.50, 000, 000
737, 942, 20U
1, 324, 229,150
250, 000, 000
1, 273, 475, 450
The operatious of the Treasury Departraent for a series of years have
largely reduced the amount of iuterest receivable by the national banks
on the bonds held by them. .During the last year, the three and onehalf per ceuts were reduced more than two hundred raillions ($200,769,200), and duriug the preseut year euding November 1 more than forty
millions ($40,606,950) have been called and have been chiefly rexilaced
by three ^er cents.
'
•
* T h e Navy pension fund, amonnting to 114,000,000 in three p e r c e n t s , t h e interest
nxDon w h i c h is apx)lied to t h e payment of naval pensions exclusively, ancl |)14,970,500
of 3-^ per cents., which ho,d been called and ceased to b e a r interest after November 1^
are not included in t h e t a b l e .
,
218
REPORT
ON T H E
FINANCES.
Sixteen years ago the banks had on dexiosit as security for circuiatiou
327 raillions iu United States bonds, of which amount 241 millions bore
interest at six x^er cent, and 86 millions at fi.ve x>er cent., and on July 1,
1882, they held 227 millious of three and one-half per cent, bonds.
These bonds have now entirely disappeared frora the list of securities
held by the national bauks with the exception of $632,000, which have
been called. The average raf e of interest now x^aid by the United States
on the bonds deposited as security for circulating notes is about three
and oue-half per cent, upon their par value; but is equal to about 3.19
Xier ceut. ouly of the current market value of the bouds. The banks
UOAV hold 41 millions of four and one-halfs; 106 raillions of fours; and
201 millious of three per cents, which bave been refunded from three
aud one-half per cents. This will be seen from the following table, which
exhibits the amouut aiid classes of United States bonds owned by the
banks, including those xdedged as security for circuiatiou andforx)ublic
deposits on the first day of July in each year since 1865, and ux:)on November 1 of the x)resent year.
U n i t e d S t a t e s b o n d s held a s s e c u r i t v for c i r c u l a t i o n .
6 })er c e n t ,
bouds.
July 1, 1865.
J u l y 1, 1866.
J u l y 1, 1867.
July 1, 1868.
J u l y 1, 1869.
July 1, .1870.
July 1, 1871.
J u l v l , 1872.
July 1, 1873.
July 1, 1874.
July 1, 1875
J u l y 1, 1876.
July 1, 1877.
JulV 1, 1878-.
July 1, 1879.
July 1, 1880.
J u l y 1, 1881.
July 1, 1882.
Jidy 1, 1883.
Nov. 1, 1883.
5 yier cent, 4^ p e r cent, ^ p e r cent,
bonds.
bonds.
bonds.
Total.
TJnited
States •
bonds beld
lor o t h e r
purposes
at nearest
date.
Grand
total.
$65, 576, 600
$235, 959,100 S5155, 785,
$391, 744, 850
327, 310, 350 121,152,
86, 226, 850
448, 46^ 300
89,177,100
340, 007, 500 84, 002,
424, 610,150
90, 768, 950
422. 418,400
341, 495, 900 80, 922,
397; 953, 600
87, 661, 250
342, 851, 600 • 55,102,
386, 259, 1.50
94, 923, 200
342, 278, 550 .43, 980,
399, 336,350'
359, 885, 550 39, 450,
139, 387, 800
412, 308, 900
380, 440, 700 31, 868,
207, 189, 250
416, 134,150
390, 410, 550 25, 724,
229, 487, 050
416, 518, 300
391,171,200 25, 347,
236, SOO, 500
403, 214,700
376,314,500 26, 900,
239, 359, 400
386, 565, 050
341,394,750 45,1.70,
232, 081, 300
386, 028, 650
338,713,600 47,315,
200, 651, 050 $44, 372, 250
418, 397, 300
199, 514, 550 48, 448, 650 $19,162,000 349, 546, 400 68, 850,
430, 858,120
144, 616, 300 35, 056, 550 118, 538, 950 354, 254, 600 76, 603,
404, 483, 350
139, 758, 650 37, 760, 950 126, 076, 300 361,652,050 42, 831,
424, 338, 350
172,348,350 32, 600, .500 93, 637, 700 360, 488, 400 63, 849,
Continued
a t 3^ p e r
cent.:
202,487,650 32, 752, 650 97, 429, i
357,812,700 43,122, 550 400, 935, 250
7, 402, 800
385, 700 \ 3 pci' ceuts. > 39, 408, 500 104, 954, 650 353, 029, 500 34, 094,150 387,123, 650
200, 877, 850
3 per cents.
106,164, 850 348, 812, 309 30, 674, 050 379, 486, 350
201, 327, 750 > 41, 319,700
$170, 382, 500
241,083,500
251, 430, 400
250, 726, 950
255,190, 350
247, 355, 350
220, 497, 750
173,251,450
160, 923, 500
154, 370, 700
136, 955,100
109,313,450
87, 690, 300
82. 421, 200
56, 042, 800
58, 056,150
61,901.800
Continned
a t 3^ p e r
ceut.:
25,142, 600
The banks also held $3,463,000 of Pacific Eailroad six per cents. They
also had $632,(100 three-aucl-a-halfs, which ceased to bear interest on
November 1.
More than one half of the bonds now held by the national banks are
three per cents. If the public debt continues to be paid as raxiidly as
it has been during the past year, all of these bonds will certainly be
called within the next three years. Those of the lower numbers which
it is safe to estimate will not be called within the next two years, cannot be xiurchased for a preraiura of much less than two per cent., and
at that price there will be a loss upon circulation based on this class
of bonds if they are redeemed, within three years. The profits on circulation based on other bonds held by national banks are merely
nominal. ° .
^
COMPTROLLER OF THE CURRENCY.
'219
AMOUNT OF UNITED STATES BONDS HELD BY THE NATIONAL BANKS,
AND BY BAN.KS ORGrANIZED UNDER STATE LAWS, AND BY PRIVATE
BANKERS.
Through the courtesy of State ofiicers, the Coraptroller has obtained
official reports made to them under State laws by State banks in 22
States, by trust corapanies in 5 States, aud by savings banks in 14 States,
at difierent dates duriug the year 1883, and ITOUI these returns the
following table has been compiled:
Pleld by 754 State bauks in twenty-two States
Held by 34 trnst companies in five States
Held by 630 saviugs banks in fonrteen Slates
|5,287,60617, 437, 9^0
219, 017, 313
Total...
241,742,909
The interest-bearing funded debt of the United States was, ou November 1, last, $1,273,475,450. The total amount of bouds held by the
natioual ($379,486,350) and State and savings banks ($241,742,909) was
$621,229,250, which is not greatly less than oue-half of the interest-bearing debt. The amouut of Uuited States bonds held by State banks is
given by geograx)hical divisions for the years 1880, 1881, 18S2, 1883, as
follows:
I
Gc'Oj^'rapliical d i v i s i o n s .
En s t e r n S t a t e s . .
Middle State.s...
S o u t h e r n S.tates
AVestern S t a t e s .
Pacific S t a r e s ..
Total
$45, 230, 098
157, 563, 757
958, 470
2, 672, 242
7, 240, 835
$40,
176,
1,
5,
14,
340
889
460
518
332
$42, 667, 248
197,135, 239
208, 350
3,3,69,414
20, 020,175
$37, 309, 819
182, 847, 588
646, 500
3 105, 024
17,743,978
213, 665, 402
238, 525, 539
263, 460, 426
241, 742, 909
468,
373,
073,
735,
874,
In xirevious reports the Oomptr.oller has giveu the amount of Uuited
States bonds held by bauks organized uuder Slate laws, and by private
bankers, as returned to the Oom missioner of Internal Reveuue for x>urposes of taxation. The tax on deposit and capital haviug been rex:>ealed,
no further returns of this kind will be available hereafter. The last
returus to the Oomraissioner Averefor the six months ending Noveinber
30, 1882, and from these returns the following table has been corapiled
for the x^ui'xiose of corax^arison with previous tables xiresented since the
year 1880:
A m o u n t i n v e s t e d in U n i t e d S t a t e s b o n d s .
G e o g r a j i h i c a l divisions.
|By S t a t e b a n k s ,
j private bankers, a n d t r u s t
I companies.
E,y savini^s
banks.
Total.
M a y 31, 1880:
New England States
Middle States
Soutberu States
AVestern S t a t e s
Paciiic States and Territories .
$3, 737, 093
20, 564, 834
2, 541, 991
8,137. 554
3, 883, 816
$37, 693, 200
146, 301,155
• 1,000
2, 474, 557
2, 717, 904
$41, 430, 293
166, 865, 989
2, 542, 991
10, 612, 111
6, 601, 720
U n i t e d Stai;es .
38, 865, 288
189,187, 816
228, 053,104
M a y 31, 1881:
New England States
M i d d l e S'tates
Southern States
W e s t e r n States
Pacific S t a t e s a n d T e n i t o r i e s .
2, 985, 496
21, 908, 703
1, 707, 702
6,734, 948
4, 984, 313
36, 640, 795
168, 617, 049
21, 689
2, 689, 447
6, 911,198
39, 626, 291
190, 525,752
1, 729, 391
9, 424, 395
11, 895, 511
38, 321,162
214, 880,178
253,201, 340
Uuited States
220
REPORT ON THE FINANCES.
Amount invested in United States bonds.
Geographical divisions.
By State banks,
private bankers, and trust
companies. •
1
United States
1
United States .
Total.
\
May 31; 1882:
Ifew England States
Middle Sta.tes
Soutliern States
. AVestern States
Paciiic States and Territories
November 30, 1882:
New Enaland States
Middle States
Southern States
Western States
Pacific States and Territories
By savings
banks.
'.
$2, 644, 895
20, 576, 823
1,862,946
7, 099, 874
5, 897, 637
$37, 046, 625
189, 775, 842
2, 354, .710
12, 851, 605
$^^9,691,520
210, 352, 665
1, 862, 946
9, 454, 584
18, 749, 242
38, 082,175
242, 028, 782
280,110, 957
2,50.1,497
19, 735, 340
1,147, 881
6, 528, 666
5, 781, 749
34, 274,199
179,131, 959
2," .1.43," 118
14, 380, 007
36, 775, 696
198,867,299
1,147,881
8, 671, 784
20,161, 756
35, 695,133 '
229, 929, 283, i
265, 624, 416
The data, which has heretofore been obtained frora the Oorauiissioner
of Internal Revenue, included the returns from private bankers, and was,
therefore, raore comx:>lete than that obtained Irom the reports of State
officers, but the amounts held by State and savings banks haA^e not
greatly difi'ered.
ILli^EGAL CERTIFICATON OF CHECKS.
Section 13 of the act of July 12, 1882, xiroAades:
That any officer, clerk, or agent of any national-banking association who shall willfully violate the provisions of an act entitled ''Anact: iu reference to certifying checks
by national banks," approved March third, eighteen hundred and sixty-nine, being
section fifty-two hnudred and eight of the Revised Statutes of the United States, or
who shall resort to any device, or receive any fictitious obligation, direct or collateral, in order to evade the x^i'ovisions thereof, or who shall certify checks before the
amount thereof shall have been regularly entered to the credit o f t h e dealer upon the
books o f t h e banking associatiou, shall be deemed guilty of a misdemeanor, andshall,
on conviction thereof in any circuit or district court of the United States, be fined not
more than five thousand dollars, or shall be imprisoned not more than five years, or
both, in the discretion ofthe court.
Upon the passage of this act those banks which were accustomed to
certify large amounts of checks, accex3ted those checks which were
draAvn ux^on thern, instead of certifying thern, and assumed that such
acceptance was not in Aaolation of law. The banks claimed that they
had power to accept checks after the 3d and 7th paragraphs of section 5136 of the United States Revised Statutes. The forraer authorizes natioual banks to ''make contracts," and thelatter x)rovides forthe
^^ exercise of all such incidental xiowers as shall be necessary to carry
on the business of bauking."
The Oorax^troller beiug iu doubt in reference to the x^i'oi)er construction of the section, the matter Avas referred to the Attorney-General,
who rendered an opinion on Noveraber 24,1882, (1) that a natioual bank
cannot legally accept checks drawn uxion it A'v^here the drawer has not
already dexDOsited therewith the amouut stated in the check; and (2)
that the lirait imposed by section 5202 extends to liabilities incurred by
the certification of checks,,and that such accexitance by a bank, without the existence of funds'on deposit therewith, to an amount exceeding in the aggregate the amount of its x>aid-in caxiital, would be a violation of that section.
COMPTROLLER OF THE CURRENCY.
221
The proposition for the establishment of a stock-clearing house, such
as is ill oxieration in London, Yienna, Berlin, aud other large cities in
Enrope, was in the mean tirae broaght forward aud discussed. An
organization was forraed and the plan was twi(ie placed in oxieration,
and it is said by those who are well acquainted with such transactions
to have been xiracticable. It was abandoned during the last few weeks,
chiefly, it is said, through the fears of some of the banks and stock
brokers that it would diminish the magnitude of their busiuess. In the
inonth of August it was rumored that the failure of a firm of brokers
had resulted in a loss to the stockholders of the Wall Street National
Bank by an over-certification or acceptance of checks, and au exaraination of this bank during the following nionth confirmed the rumor, and
furnished evidence of au over-certification of the checks of this firm in
excess of their balance of cash on hand to the araount of $199,899. The
Oomptroller thereuxion, on September 27, addressed a letter to the. Secretary, inclosing a certified cox^y of the examiuer^s report, with the
requestJhat he would transmit the sarae to the Attorney-General for
his miction, under section 13 of the act of July 12, 1882. Tliis inforraation Avas soon brought to the attention of the United States district
attorney in the city of New York, the result of which was the indictment of the teller of the above bank, Avho, on being notified of that fact,
axixieared before the United States commissioner, and was held to bail
to xilead at the Deceuiber term of the conrt. As soon as this proceeding became kncwn to the bank it went into voluntary liquidation on
October 17, and immediately there^ifter was converted into a State
bauk, under the laAvs of the State of New York.
The trial, uuder this indictment, will test the law, AA-hich xirovides for
a fiue or imprisonment of any officer of a national bank Avho shall certify checks in violation of section 5208, United States RcAised Statutes.
This xiroceeding should result in the organizatton of a stock-clearing
house, or of sorae other action by the stock board and the banks,
through whom this kind of business is transacted, which will render it
unnecessary for national banks to certify brokers' checks, or lend their
credit for such large amounts in the future.
I
I t is respectfully submitted that the law, as it now stands, makes it
a criminal offense for an officer of a bank to certify the check of a dealer
who may inadvertently overdraw his account for a few dollars in the
XDayment of an ordinary obligation; and it certainly should be amended
so as to exempt such ordinary business transactions from the penalty
imposed.
In this connection the Oomptroller calls attention to the successful
operation of the stock-clearing house in the city of London, which the
London Economist says, ^'as a xiiece of time and labor saving mechanism, has undoubtedly achieved success."
The following paragraph from an article in that journal, of October
6, gives a history of the establishment of a stock clearing-house in that
city, from which it axipears that oxierations of equal magnitude Anth
those in New York are successfully conducted, although the settlements
. it is understood are made fortnightly instead of daily, as in Nev^ York :
Since 1880, when the ]3resent clearing-house was established, the system has been
considerably extended, and great efficiency has now been secured. The collax)se of
the ):)receding clearing, after a duration of abput five years, was a perfectly natural
ending to a system which was at once unscientific and contrary to the customs ofthe
business. Under the old r4gime, all transactions between middlemen, which in the
more speculative stocks are always A'-ery numerous, were simply eliminated for the
purpose of bringing the original buyer and the ultimate seller into actual contact;
b n t elimination, pure and simple, destroyed all continuity, so t h a t two parties werebrought nnconsciously into a position of mutual contact. The leading principle of
\he present system is t h e complete practical recognition of the vital necessity of pre
222
REPORT ON THE FINANCES,
'
serving the same continuity Avhich would exist if bargains were settlecl in the ordinary way, without the intervention of a clearing-house. ^ As a consequence of this,
the members of the stock exchange, as a whole, have from the beginning felt great
confidence in the soundness of the work done by the clearing-house. The stock exchange committee accordingly supported the xiresent system ab ixiitio, whereas t h e
.former sy«tem Avas entirely unofficial. At present, it may be said that all the
effectual members, w^ith the exception of about one hundred broking firms—some of
which, hoAvever, are of high standiug—have become members of tlie clearing, and
the nnmber is even now steadily increasing. In fact, after a certain point of success
h a s b e e n attained, the tendency to participate becomes almost irresistible; hence i t
is anticipated t h a t in the course of time clearing will become so universal that i t
will be considered advisable to make it compulsory. The scox:>e of the clearing-house
is now very extensive; only four stocks were first clearecil, N\4iile now the number is
nearly one hundred, which includes all the stocks in any vray speculative. A great
feature of the clearing is its mobility. A sudden rush of speculation into any stock,
Avhichin other times Avould have disorganized business, and perhaps have led to financial embarrassment, i s n o w a t once met by xilacing the stock npon t h e clearing list.
The heavy work incidental to any important "sxiecial settlement" Avill now most
likely be more and more lightened by the operations of the clearing-house, as atisfactory beginning having been made sometime ago, when the special settlement iu
Sxianish four per cents occnrred. One great development, the clearing ot the cash differences at tlie fortnightly settlements, is still possible. We believe t h a t the plan would
be found perfectly practicable if the committee chose -to elect its adoption. Were this
to become an acconiplisbed fact on some futnre day, the clearing-house Avould be actually Avhat it iseven now in name, ' ' t h e settlement departm ent," and such an extension
of the system, rendering it complete in scoxie, would seem to be merely a question of
time.
LOSSES ON UNREDEEMED BANK NOTES.
Section 5222 of the Eevised Statutes requires that all nationalbanks
which go into voluntary liquidation, and all 'insolvent banks, shall deposit in the Treasury an amouut df lawful money equal to the amount of
their circulating notes outstauding. Thus it will be seen that no association can closeux) its affairs without first xiroviding for the xiayment of all
of its circulatiug notes. The amount deposited raust remain in the Treasury until the last outstanding notes shall haA^e been xiresented for payment. Section 6 ofthe act of Jnly 12,1882, xirovides that, at the end of ^
three years frora the date ofthe extension ofthe corporate existence of
each bank the association so extended shall depositlawful money with the
Treasurer sufficient to redeera theremainder of the circulation which was
outstanding at the date of its extension. I t also provides that any gain
that may arise frora the failure to xiiesent such circulating notes for redemption shall inure to the-benefit of the United States, and that the
UCAV circulatiug notes to be issued in the placeof the old shall bear
such devises as shall make thera readily distinguished from the circulating notes prcAioiisly issued. In the Ooraxitroller^s report for 1875,
he prepared a table from data obtained from a series of reports
of the superintendent of the bank department of the State of New
York, exhibiting the amount of notes which had been issued to banks
organized iu the State, aud the amount remaining at the exxiiration of
the six years' notice required to be given by the banks,, before they
Avere by law relieved from the obligations to redeem them. Eeturns
were in this' way obtained from 286 banks either incorxiorated or organized under the safety fund or the free banking system of the State of
New York'.
The maximum araount of circulation issued to them AV as $50,754,514,^
and the'amount of unredeeraed circulation at the date of the rexiort
named was $1,336,337, or 2.63 per cent, of the highest amount issued..
The maximum araount of circulation issued to 30 State banks in the
city of New York, Avhich are" still in operation either as national or
State associations, was $7,763,010, while the araount remaiuing unredeemed in October, 1875, Avas $142,365, or only 1.83 per cent, of thehighest amount issued. The amount of circulation issued to 240 State
223
COMPTROLLER OF THE CURRENCY.
banks in Wisconsin was $7,565,409, and the amount unredeemed is
$134,747, the percentage of unredeeraed notes being 1.78 only. The
niaximum issue to 210 State banks in the six New England States Avas
$39,245,380, while the amount remaining unredeemed is but $792,767,
the proportion of the latter to the forraer being 2.02 x)er cent. The
retnrns from 332 State banks in New York, New Jersey, Delaware, and
M^^ryland show their raaxiraura circulation to have been $65,664,176,
while the araount unredeemed is $1,707,428, and the xiercentage 2.60.
The xiercentage of unredeeraed notes of 25 State banks in Ohio, having a circulation of $2,196,381, was 2.79. The greatest araouut of circulation issued to 707 State banks, in 12 States, Avas $114,671,346, the
araount outstanding $2,696,282, and the proxiortion unredeeraed 2.4 per
cent.
I t i s probable that, under the national system of redemxition, the proxiortion of national-bank notes which will ultimately be redeeraed under
the nationalbanking system is much greater thau that of the State bank
notes under xirevious systems.
The highest amouut of circulation issued to 15 natioual banks Avhich
failed xirevious to 1870 was $1,554,400, and the araount outstanding on
Noveraber 1, 1883, was $9,289, and the percentage unredeemed 0.60 x>er
cent, ofthe araount issued. These notes had had a circulation of from
five to six years only, which accounts for the small amouut remaining
outstanding. The highest araount of circulation issued to, eight national banks which failed xirevious to 1873 was $1,642,293, and the percentage outstanding was 1.47 per cent., and these notes had had a circulation of from four to niue years. This is shown in detail in the following table, giving the date of the organization of each bank, the circulation outstanding, and the percentage unredeemed in the j^ears 1875,
1878, and 1883.
Percentage unredeemed.
Circulation.
N a m e a n d l o c a t i o n of b a u k .
D a t e of organization.
Issued.
F i r s t N a t i o n k l B a n k of A t t i c a , N . Y
V e n a n g o N a t i o n a l B a n k of F r a n l d i n , P a . .
M e r c h a n t s ' N a t i o n a l B a n k of W a s h i n g t o n ,
DC
F i r s t N a t i o n a l B a n k of M e d i n a , N . Y
T e u n e s s e e N a t i o n a l B a n k of M e m p h i s ,
Tenn
F i r s t N a t i o n a l B a n k of Selma, A l a
F i r s t N a t i o u a l B a n k of ISfew O r l e a n s , L a . .
N a t i o n a l U n a d i l l a B a n k of U u a d i l l a , N . Y .
F a r m e r s a n d C i t i z e n s ' N a t i o n a l B a n k of
Brooklvn, N. Y
C r o t o n N a t i o n a l B a n k of N e w Y o r k , N . Y .
F i r s t N a t i o n a l B a n k of B e t h e l , Conn
F i r s t N a t i o n a l B a n k of K e o k u k . I o w a
N a t i o n a l B a n k of V i c k s b u r g , M i s s
F i r s t N a t i o n a l B a n k of Rockford, 111
F i r s t N a t i o n a l B a n k of N e v a d a , A u s t i n ,
Nev
. «
Totals and average percentage, 8 b a n k s .
1875.
1878. 1883.
J a n . 14,1864
M a y 20,1865
$44, 000
85, 000
$278 50
311 50
1.10
.73
.79
.52
.63
.37
D e c . 14,1864
F e b . 3,1864
180, 000
40, 000
9)6 00
258 25
1.28
1.17
.81
.78
.65
J u n e 5,1865
A u g . 24,1865
D e c . 18,1863
J u l y 17,1865
93,000
85, 000
180, 000
100, 000
446
488
1,494
325
25
2550
50
.99
1.19
1. .55
.94
.68
.81
1.18
..51
.50
.57
J u n e 5,1865
Sept. 9,1865
M a y 15,1865
S e p t . 9,1863
F e b . 14, 1865
M a y 20,1864
253. 900
180,000
26, 300
90, 000
25, 500
'
45,000
• 1, 627
519
210
491
116
377
75
25
50
00
25
00
1.05
.82
1.97
1.20
1.88
2.31
.85
.49
1.14
.75
.80
1.41
.64
.2&
.80
.55
.46
.84
1.11
J u n e 13,1865
T o t a l s a n d a v e r a g e i j e r c e u t a g e , 15 b a n k s
Ocean N a t i o n a l B a n k of N e w Y o r k , N . Y . .
Union S q u a r e N a t i o n a l B a n k o f N e w Y o r k ,
N. Y
E i g h t h N a t i o n a l B a n k of N e w Y o r k , N . Y .
F o u r t h N a t i o n a l B a n k of P h i l a d e l p h i a , P a .
AVaverly N a t i o n a l B a n k of W a v e r l y , N . Y .
F i r s t N a t i o n a l B a n k of F o r t S m i t h , A r k . .
ScandanaAdan N a t i o n a l B a n k o f Chicago,
Ul.
:
.:.
W a l i k i l l N a t i o n a l B a n k of M i d d l e t o w n ,
N.Y
.
Outstanding
November
1,1883.
.5a
.8a
.33:
129, 700
1,438 50
3.71
1.73
1, 554, 400
9, 289 00
1.39
.86
.60
800, 000
12, 223 00
6.10 ! 2. 55
1.53
June
6.1865
Mar.
Apr.
Feb.
May
Feb.
13.1869
16; 1864
20,1864
29,1865
6,1866
May
7,1872
135, 000
1,114 00 11.52
2.87
.83
J u l y 21,1865
118, 900
2, 231 50 10.^05
3.48
1.88
6.70
2.66
1.47
50,
243,
179,
71,
45,
000
393
000
000
000
1, 642, 293
454
3, 586
2, 525
1,451
635
00 4.33
00 5.43
00 1 5. 88
00 0.93
00 6.20
24, 219 50
1.97
2.41
2.74
3.20
2.61
.91
1.47
1.41
2.04
.1.41
224
REPORT OF THE FINANCES.
The table below shows that the highest amount issued to 17 national
banks which failed prior to 1876 was $3,219,241, which at the time of
their failure had been in circulation of from four to eleven years. This
table also gives the amouut of circulation issued to 40 national banks
which became insolvent prior to 1876. In both cases the xiercentages
of the notes unredeemed to the total issued are shown for the years
1875, 1878, and 1883, as Avell as the actual araount outstanding on NoA-ember 1, 1883.
Percentage unredeemed.
Circulation.
Na.me and location of bank.
Date of organization.
Issued.
Crescent City National Bank of New Or/ leans, La
Atlantic National Bank of New York, N. Y.
First National Bank of AVashiugton, D. C.
National Bank of the Commonwealth of
NewYork, 1^. Y
Merchants' National Bank of Petersburg,
Va
First National Bank of Petersburg, A^a...
First National .Bank of Mansfield, Ohio...
New Orleans National Banking Association of New Orleans, La
First National Bank of Carlisle, Pa
First National Bank of Anderson, Ind
First National Bank, of Topeka, itans
First National Bauk of Norfolk, Va . . . .
Gibson County National Bank of Princeton, Ind
'.
First National Bank of Utah, Salt Lake
City, Utah.'
Cook CountyNational Bankof Chicago, 111,
First National Bank of Tiffin, Ohio
Charlottesville National Bank of Charlottesville, Va
Totals and average i)ercentage, 17 banks
Totals and average percentage, 40 banks
Feb. 15,1872
July 1,1865
July 16,1863
$450, 000
100, 00.0
450, 000
July 1,1865
234, 000
Sept. • 1,1865
July 1,1865
May 24,1864
360, 000
179, 200
90, 000
May 27,1871
July 7,1863
Julv 21,1863
Aug. 23,1866
Feb. 23,1864
360,
45,
45,
90,
95,
000
000
000
000
000
Outstanding
November
1, 1883.
1875.
1878. 1883.
$6, 540 00 15. 39
1, 835 50 11.02
14, 761 00 32.80
5.30
3.56
7.85
1.45
1.84
3.28
6, 052 70 38.05
7.73
2.59
12, 075 00 49.15 11.88
05 11.65
6, 830 00
2, 749 50 43.12 9.22
3.35
3.81
3.05
8, 000
1, 355
1,437
2, 918
3, 505
00
00.
50
00
00
30. 97 7792
43.40 8.43
40.03 8.75
54.17 9.99
48. 21 11.28
2.22
3.01
3.19
3.24
Nov. 30,1872
43,800.
1, 305 00 73.77 17.64
Nov. 16,1869
July 8,1871
Mar. 16,1865
134, 991
315, 900
68, 850
3, 063 00 49.50 9.54
8, 892 00 58.88 12.44
2, 946 00 65.07 12.85
2.28
2.81
4.28
157, 500
9, 320 00
5.91
July 19,1865
:, 219, 241
6, 415, 934
93, 585 20 41.81
127, 093 70
9.76
2.91
1.98
, In the apxiendix will be found a table which gives similar information
'relative to 51 national banks, which were x>laced in liquidation prior to
1870, Avhose notes had been iu circulation six years previous to those- of
the 75 banks in-the aboA-e tables which failed xii'evious to 1872. The
largest circulation of these 51 banks outstanding was $5,846,740, and
the amount unredeemed on November 1, 1883, $82,827, being 1.42 per
cent. The axipendix contains a further table giving similar information in regard to 165 national banks in liquidation which had a circulation of $18,587,365, of which $48,315 is still outstanding, a percentage
of 2.36.
The issues of Treasury notes of the series of 1869 and 1874 have not
been so largely reduced. The national-bank notes for years have done
the Avork, while a considerable portion of the legal tender notes have
been held for years in the vaults of the national banks as reserve.
These legal tender notes held by the banks haA-e recently been replaced
by coin to a cousiderable .extent, but the banks 3-et held on October 2
$80,642,997. When these are assorted a considerable amount of the
three first issues will be returned for redemption.
The highest amount of the first issue of legal-tender notes outstanding at any one time was $449,479,222 on Eebruary 3,1864. These notes
225
COMPTROLLER OF THE CURRENCY.
/
were first issued on April 2,1862, and the issue ceased on April 19,1^69.
The amount outstanding and the amount redeemed since November 1,
1882, are shown in the following table, from which it will be seen that
the aniount outstanding on Noveraber 1, 1883, was $11,473,855, being a
percentage of 2.55 on the highest araount outstanding.
Date.
November
November
November
November
Noveraber
November
1,
1
l'
1
1,
1,
1878
1879 . . . .
1880
1881
1882
"
1883
Oatstanding.
,
.
$18, 312, 584
16, 271, 277
14. 947, 895
13, 833, 300
12, 518, 833
11, 473, 853
BedeemOd
during the
year.
$2, 041, 307
1. 323, 382
1,114, 595
1, 314, 467
1, 044, 980
Percentage .
unredeemed.
4. Q7
3 62
3 33
3.08
2.79
2.55-
The amount of demand Treasury notes payable in gold issued from
July 17, 1861, to December 31, 1862, was $60^,000,000, in denominations
of five, ten, aud tweuty dollars; and the amount remaining outstanding
on the 1st of November last Avas $58,800, the xnoportion unredeemed
beiug a little less than one-tenth of 1 per cent.: $2,359,447 having
been redeemed Avithin the last two years.
NATIONAL BANK F A I L U R E S .
Two national banks have been placed in the hands of receivers dur:
ing the year ending November 1, 1883, namely: The First National
Bank of Union Mills, of Union Oity, Pa., A^^ith a capital of $50,000, on
March 24, 1883, and the Yermont National Bank, of Saint Albans, Yt.,
with a capital of $200,000, on August 9, 1883. The affairs of seven
national banks have been tinally closed Avithin the year. These banks,
with the total dividend x>aid by each to their creditors, are as follows:
The
The
The
The
The
The
The
First National Bank of Norfolk, Va
First National Bank of Bedford, Iowa
Northumberland County National Bank of Shamokin, Pa
First National Bank of MonticeUo, Ind
Cook County National Bank of Cliicago, 111
First National Bank of Mansfield,' Ohio
Lock Haven National Bank of Lock HaA'-en, Pa
Per cent,
. 57.50
22.50
81. 59
96.00
14.941
57. 50
100. 00
^
The rexiort for last year gave a list of fifteen banks in the hands ot'
receivers, which were completely liquidated, with the exception of litigation xiending in the courts. Three of these have been closed during
the year. The others, owing to the delay in reaching the cases, are
. still in the same condition, although, in some instances, there is a prospect of a speedy settlement. The Iianks now remaining in this condition, with the percentage of dividends already paid to theircreditors,
are as follows:
The Charlottesville National Bank of Charlottesville, Va
The First National Bank of Anderson, Ind
The Venango National Bank of Franklin, Pa
T h e Atlantic National Bank of NewYork City
The Miner's National Bank of Georgetown, Colo
T h e C i t y N a t i o n a l B a n k o f Chicago, IU
The First National Bank of Georgetown, Colo
The First National Bank of Dallas, Tex
The Central National Bank of Chicago, 111
T h e Peox^le's National Bank of Helena, Mont
The First National Bank of Allentown, Pa
T h e First National Bank of Waynesburg, Pa
T h e German National Bank of Chicago, IU
3780 F
15
,
Per cent.
62. 00
25.00
15.00
95.00
65. 00
77.00
22.50
37.00
60. 00
40. 00
70.00
40. 00
80.00
226
REPORT ON THE FINANCES.
The affairs of the Oook Oounty Natioual Bank of Obicago, III, have
been closed, by sale of its reraaining assets, by the order ofthe United
States circuit court for the northern district of Illinois, under the rule
nisi. TheNational Bank of the State of Missouri has xi^id an additional interest dividend to its creditors, making a total paid of 100 xier
cent, of xirincipal and 85 per cent, of the interest accrued since the
ax)pointment of the receiver.
The following banks in the hands of receivers have paid dividends
during the past year, the total dividends up to November 1,1883, being
also given:
.Scandinavian No.tional Bauk of Chicago, 10 per cent.; total, 50 per cent.
National Bank of the Commonwealth of New York City, final dividend to stockholders of 0.80 per cent.; total to stockholders, 35.80 per cent.
'First National Bank of Norfolk, Va., final dividend^ 8.50 i>er cent.; total, 57.50 per
cent.
First National Bank of Bedford, l o ^ a , final dividend, 10 per cent.; total, 22.50 per
cent.
Watkins National Bank of Watkins, N. Y,, 13 per oent. to stockholders.
Northumberland Couuty National Bank ol ShamokiUy Pa.; final dividend, 6.59 per
cent.; total, 81.59 per cent.
Second National Bank of Scranton, Pa., 20 per cent.; total, 95 per cent.
National Bank of State of Missouri, Saint Louis, 35 per cent, interest dividend; total,
85 i^er cent, interest dividend.
First National Bank of Monticello,"Ind., final dividend, 68 per cent.; total, 98 per
cent.
First National Bank of Butler, Pa., 10 per cent.; total; 70 ^er cent.
Mechanics' National Bank of Newark, N. J., 5 per cent.; total, 60 per cent.
First National Bank of Bufi'alO; N. Y., 8 per ceut.; total, 33 per cent.
' Pacific National Bank of Boston, Mass., 5 per cent.; total, 5 per cent.
The First National Bank of Union Mills, Union City, Pa-, 20 per cent.; total, 20
per cent.
Lock Haven National Bank of Lock Haven, P a . ; total, 100 per cent.
Cook County National Bank cf Chicago, 7.112 per cent.; total, 15.112 per cent.
First National Bank of Mansfield, Ohio, final dividend, 12.50 per cent.; total, 57.50
per cent.
Since the cominencement of the national bankiug system 89 banks
have been xilaced in the hands of receivers, and 460 banks have voluntarily closed their business, by tbe vote of shareholders owning twothirds of their stock, uuder the provisions of sections 5220 and 5221 of
the Revised Statutes of the United States. Of tbe banks in the hands
of receivers, 7 had been previously placed in voluntary liquidation by
their stockholders, but failing to pay their dex)osicors receivers were
afterw^ards apxiointed by the Oomxitroller to wind uxi their affairs. Of
the 89 banks placed in the' hands of receivers, 58 have been finally.^
closed, leaving 31 still in x>rocess of settlement, 13 of which, .as has been
seen, are awaiting the results of pending litigation, leaving about twenty
receiverships only in active ox)eration.
The loss to creditors pf national banks which have been xilaced in the
hands of receivers during the tweuty years that have elapsed siuce the
passage of the act of February 25^ 1863, as near as can be estiraated,
including dividends Avhich will xnobably be hereafter paid, has been
about $7,000,000. The annual average loss has been, therefore, about
$400,000 in the business of corporations haAdng an average capital of
about $450,000,000, and which have been responsible for the safe keeping of deposits in their hands, averaging constantly over $800,000,000,
or about one-twentieth of 1 per cent, of anuual loss to depositors.
During the year suit has been commenced against the directors of the
First National Bank of Buffalo for negligent discharge of their duties,
through which the losses-resulting in the failure of the bank were incurred. A similar suit.will soon be brought against the directors of
the Pacific National Bank of Boston, Mass.
COMPTROLLER OF THE CURRENCY.
22T
The total amount paid to creditors of insolvent national banks
amounts to $21,778,672, upon proved claims, amounting to $31,136,208.
The dividends so far xiaid thus equal about 70 xier cent, of the proved
claims. The amount paid during the year was $833,582.60.
Assessments amounting to $8,151,750 have been made upon the stockholders of insolvent national banks for the purpose of enforcing their
individual liability under section 5151 of the Revised Statutes, of which
$3,351,279 has been collected, and $151,279 during the past year.
A table showing the national banks which have been placed in the
hands of receivers, the aniount of their capital, of claims proved, the
rates of dividends paid, and also showing the amount of circulation of
such banks issued, redeemed, aiid outstanding, will be found in t h e
appendix.
LOANS AND RATES OF INTEREST.
The following table giA^es the classification of the loans of the baofe
in the city of New York, in Boston, Philadelphia, and Baltimore, and
in the other reserve cities, at corresponding dates in each of the last
three years:
;
0C1X)BER l\ 1881.
New York
City.
•
Cla.S8ification.
48 b a n k s .
Q n U . S. b o n d s on d e m a n d
O B o t h e r s t o c k s , b o n d s , &c., on
demand
On s i n g l e - n a m e p a p e r w i t l i o u t
otlier secui'ity . . . . . . .
Aii other loans
Totals
. ....
Boston, PhUaO t h e r red e l p h i a . and
serve cities.
Baltimore.
102 b a n k s .
O n U . S. b o n d s on d e m a n d . . .•..
On o t h e r s t o c k s , b o n d s , &c., on
clemand
On s i n g l e - n a m e p a p e r w i t h o u t
other security
AH other loans
Totals
Aggregate..
1,895 b a n k s .
2,132 b a n k s .
$2,539,928
$415,164
$468,496
$2, 661,256
$6,084,844
97, 249,162
39, 251, 526
24, 227,158
35, 423, 896
196,151, l i Z
26, 935, 878
120,032,691
34, 465, 661
137, 682, 302
12, 904, 338 • 73,114, 405
96, 806, 506
464, 843, 937
U l , 420,282"
819, 365, 43&
246, 757, 659
211,814,653
O C T O B E R 3,
Classification.
87 b a n k s .
Country
bauks.
50 b a n k s .
134. 406, 498
576, 043,494
1,169, 022, 304
1882.
102 b a n k s .
91 b a n k s .
2,026 b a n k s .
2,269 b a n k s . .
$1,618, 687
$265, 357
$1. 532,214
$1,851,550
$5, 267, 80&
89, 532, 760
31,653,098
22,143,725.
39, 554, 649
182, 884, 232:
21, 382, 572
126, 507, 873
26, 721, 688
143,297,359
16, 07.5,' 330
106, 531,193
83, 576, 480'
526,041,981
147, 754, 806^
902, 379, 670
239, 041, 892
201,937 502
146, 282, 462
651, 024, 660
1, 238, 286, 51S.
OCTOBER 2,1883.
Classification.
On U . S. b o n d s on d e m a n d
On o t h e r s t o c k s , b o n d s , &c., on
demand
On s i u g l e - n a m e p a p e r w i t h o u t
other security
'..
A l l other loaus
Totals
48 b a n k s .
103 b a n k s .
;^97 b a n k s .
2,253 b a n k s .
2,501 b a n k s .
$2,093,526
$344, 337
$623, 679
$1, 972, 232
$5,033,774.
94, 321, 605
29,638,276
23, 099, 682
41,518,741
188, 578, 304*
19,147, 049
129, 546,152
24, 684,110
146,149, 205
17, 259, 584 |
110,381,881
87, 910, 589
574,760,143
149, 001, 332.*
960, 837, 381
245,108, 332
200, 815, 928
151, 364, 826
1, 303, 450, 791
228
REPORT ON T H E
FINANCES.
In the table beloAv is given a full classification.of the loans in New
York Oity alone for the last five years:
October ^
1879.
Octoberl,
1880. .-
O c t o b e r I,
1881.
O c t o b e r 3,
1882.
October 2
1883.
47 b a u k s .
47 b a n k a .
48 b a n k s .
50 b a n k s .
48 b a n k s .
Loans and discounts.
O n i n d o r s e d p a p e r . . . •.
On s i n g l e - n a m e p a p e r
,
O n U . S. b o n d s on d e m a n d
O n o t h e r s t o c k s , Sec, on d e m a n d
On real-estate security
All other l o a n s . . . . . . . : .
Totals
$81, 520,129 $107, 058, 860 '$11.2, 049, 004 1118, 692, 651 i$121,644,201
21, 203, 573
19,147, 051
22, 491. 926
27.755,152
26,935,878
11, 797, 687
3,915.077
2, 539, 928
2, 093, 527
8, 286, 525
89, 532, 762
94, 321, 605
97, 249, 162
78, 002. 085
92, 630, 982
304, 732
236.100
184, 683
670,021
1,336,513
7, 600, 487
7, 717, 265
7, 747, 587
. 4,821,216
5, 731, 917
195,851,902
238,428,501
246, 757, 659
239, 041, 892
245,108,332
The attention of Oongress has previously been called to section 5200
of the Revised Statutes, which places restrictions upon loans, and to the
difficulty of enforcing its xirovisions. In cities where large amounts of
Xiroduce are receiA^ed and stored, it is represented that it is impossible
for the banks .to transact this class qf busiuess, if restricted to loans for
an amount not exceeding in any instance one-tenth of their capital. I t
is true that the limitation does not axifily to loans upon produce in transit,
where the drafts are drawn on existing values j but if produce is stored,
instead of being shipped, large loans cannot be made except in Adolation
of law. In sucl) case the Oomptroller has no means of enforcing the law,
except by bringing a suit for forfeiture of charter, and this course might
result in great embarrassment to busiuess, as well as loss to many innocent stockholders of the banks. It is evident that the law should be so
amended as to exclude from the limitation mentioned legitimate loan§,
upon produce or warehouse receipts^ and some other classes of collat, eral security, as well as loans upon IJnited States bonds.
RATES OF INTEREST IN NEW YORK CITY, AND IN THE BANK OFENG?LAND AND THE BANK OF FRANCE.
The average rate of interest in New York City for each of the fiscal
years from 1874 to 1881, as ascertained from data derived from the
Journal of Oommerca and The Oommercial and Financial Ohronicle,
was as follows:
1874, call loans, 3.8 per cent.; cornmercial paper, 6.4 per cent.
1875, call loans, 3.0 per cent.; cominercial paper, 5.8 per cent.
1876, call loans, 3.3 per cent.; commercial paper, 5.3 per cent.
. 1877, call loans, 3.0 per cent.; commercial paper 5.2 per cent.
1878, call loans, 4.4 per cent.; commercial paper, 5.1 per cent.
1879, call loans, 4.4 x^er cent.: commercial paper, 4.4 per cent.
1880, call loans, 4.9 per cent.; commercial paper, 5.3 per cent.
18ol, call loans, 3.8 per cent.; commercial pax:)er, 5.0 per cent.*
• 1882, call loans, 4.4 per cent.; commercial paper, 5.4 per cent.*
1883, call loans, 5.7 per cent.; commercial xiaper, 5.7 -pev cent.* •
The average rate of discount of the Bank of England for the same
years was as follows:
. Dnring
During
Daring
During
During
During
During
During
During
During
the calendar year ending December 31,1874, 3.69 i)er cent.
the calendar year ending December 31,1875, 3.23 per cent.
the calendar year ending December 31,1876, 2.61 per cent.
the calendar year ending December 31,1877, 2.91 ijyer cent.
the calendar year ending December 31,1878, 3.78 per cent.
the calendar year ending December 31,1879, 2.50 per cent.
the calendar year endiug December 31,1880, 2.76 per cent.
the calendar year ending December 3i, 1881, 3.49 per cent.
the'calendar year ending December 31,, 1882, 4.10 per cent.
the fiscal year ending June 30,1883j 3.7 per cent.
* From the Financial Chronicle only.
COMPTROLLER OF THE CURRENCY.
229
In the calendar year ending Deceniber 31, 1882, the rate of discount
of the Bank of England Avas increased three tiraes, and three times reduced. During the fiscal year ending June 30, 1882, the rate was
increased once and decreased three times. The present rate is 3 per'
cent.
The average rate of interest in New York Oity for the four months
previous to Noyember 9, 1883, was on call loans 2.4 per cent., and on
commercial paper 5.6 percent.; the rate of intereston that date was
on call loans 1 to 3 per cent., and on comraercial paper 5^ to 6^ per cento
The rate of discount in the Bank of France which was raised from 4
to 5 per cent, on October 20, 1881, was lowered to 4J per cent, on February 23, 1882, to 4 per cent, ou March 2, and lastly, on the 23d of the
same mouth to 3J per ceut.
The average rate of discount during the year 1882 was 3.8 per cent.
The number of trade bills adraitted to discount in the Bank of France
during the year 1882 was 4,927,024, rexiresenting a sura of $1,027,887,300.*
Of this number of bills there Avere—
6, 742 bills of }^2.08 and under.
483,147 bUls from $2.29 to $10.
734,437 bills from $10.21 to $20.
3,702, 692 bilk above $20,
'
'
That is to say, nearly a fourth part in bills under $20.21. The number of trade bills under $20 steadily increases. In 1880 there were
1,014,412 of these small discounted bills; iu 1881,1,160,945, and in 1882
they have increased to 1,224,326.
The governor of the Bank of France in his rexiort of its transactions
for the year 1882 says, ''these figures Avill show how great are the services rendered by the bank to the retail trade of Paris."
TRANSACTIONS OF THE NEW YORK CLEARING HOUSE.
The New York Olearing-House Association is composed of forty-seven
national and sixteen State banks, and the assistant treasurer of the
United States at New York.
Through the courtesy of Mr. W. A. Oamp, its manager, a statement
of the transactions during the year ending October 1, 1883, has been
obtained, which shows that the total exchanges Avere more than fortysix thousand millions pf dollars, while the balances paid in money Avere
nearly 1,600, millions. The daily average balances paid were somewhat
more than $5,000,000, or about 3.9 per cent of the amount of the settlements. The balances x>^id in money during the year consisted of i
$1,020,039,000 in clearing-house certificates of the Bank of America,
legal tenders ainounting to $10,017,196, United States gold certificates,
$530,718,000, and $6,854,000 in gold coin. Since the date of the issue oi
the new gold certificates (October 4), authorized by the act of July 12,
1882, the balances due from the Government have been paid in these
certificates instead of coin, thus dispensing with the movement of large
amouuts in bags and upon drays from the Treasury to the custody of
the banks. The following table shows the yearly transactions of the
New York clearing-house for the thirty years since its organization in
*In the table 5 franca are counted as being equal one dollar.
• -
'230
REPORT ON T H E
FINANCES.
1853, and the ainounts and ratios of currency required for the xiayment
of daily balances:
Vears.
N o . of
banks.
Capital.*
Excbauges.
Balances paid
in m o n e y .
Average•
Average
daily baldaily
ances paid Katius.
e x c h a n g e s . ill m o n e y .
\
.1854
1855
1856........
a857
:a858
21859
•>i860
1861
1862
.1863
1864
1865.........
1866
1867
J868
1869
.1870
11871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
50
$47, 044, 900
48
48, 884,180
50
52. 883, 700
50
64, 420, 200
46
67,146, 018
47
^7,921,714
50
69, 907, 435
50
68, 900, 605
50
68, 375, 820
50
68, 972, 508
49
68, 586, 763
55
80,363,013
58
82, 370, 200
58
81, 770, 200.
59
82, 270, 200
59
82, 720, 200
61
83,620.200
62
84,420, 200
61
84, 420, 200
59
83, 370, 200
59
81, 635, 200
59
80, 435, 200
59
81, 731, 200
58
71, 085, 200
57
63, 611, 500
59 ' 60, 800, 200
57
60, 475, 200
60
61,162, 700
61
60, 962, 700
63
61,162, 700
t70, 711, 009
$5, 750, 455, 987
5, 362, 912, 098
6, 900, 213, 329
8,333,226,718
4, 756, 664, 386
5, 448, 005, 956
7,231,143,057
' 5,915,742,758
6,871,443,591
14, 867, 597, 849
24, 097,196, 656
26, 032, 384, 342
28, 717,146, 914
28, 675,159, 472
28, 484, 288, 637
37. 407, 028, 987
27, 804, 539, 406
29, 300, 986, 682
33, 844, 369, 568
35, 461, 052, 826
22, 855, 927, 636
25, 061, 237, 902
21. 597, 274, 247
23, 289, 243, 701
22, 508, 438, 442
25,178, 770, 691
37,182,128, 621
48, 565, 818, 212
46, 552, 846,161
40, 29.3,165, 258
$297, 411, 494
289, 694,137
334,714,489
365, 313, 902
314,238,911
363, 984, 6?'3
380, 693, 438
353, 383, 944
415, 530, 331
677, 626, 483
885,719,205
1, 035. 7H5,108
1, 066,135,106
1,144, 963, 451
1,125. 4.=i5, 237
1,120, 318, 308
1, 036, 484, 822
1, 209, 721, 029
1, 428, 5o2, 707
1, 474, 508. 025
1,286,753,176
1, 408, 008, 777
1, 295, (42, 029
1,373,996,302
1, 307, 843, 857
1, 400, 111, 063
1,516,538,631
1,776,018,162
1, 595, 000, 245
1, 568, 983,196
$19,104, 505
17, 412, 052
22, 278,108
26, 968, 371
15, 393, 736
20, 867, 333
23, 40i; 757
19, 269, 520
22, 237, 682
48, 428, 657
77, 984, 455
84, 796, 040
93,541,195
93,101,167
92,182,164
121,451. 393
90, 274, 479
95,133, 074
109,884,317
115, 885, 794
74, 692, 574
81,899,470.
70, .349, 428
76, 358,176
73, 555, 988
82, 015, 540
121, 510, 224
159, 232,191
151,637,935
132, 543, 307
+685, 352, 410, 090 +29, 849,140, 248 170, 446, 354
$988, 078
940, 565
1, 079, 724
1,182, 246
1, 016, 954
1,177, 944
1, 232, 018
1,151, 088
l i 344, 758
2, 207, 252
2, 866, 405
3, 373, 828
3, 472, 753
3, 717, 414
3, 642, 250
3, 637, 397
3, 365, 210
3, 927, 666
4, 636, 632
4, 818. 654
4, 205, 076 •
4, 603, 297
4, 218, 378
4, 504, 906
4, 274, 000
4, 560, 622
4. 956, 009
5, 823, 010
5,195, 440
5,161,129
13, 242, 690
F e r ct.
5.2
5.4
4.8
4.4
6.6
5.6
5.3
6.0
6.0
4.6
3.7
4.0
3.7
4.0
4.0
,3.0
3.7
4.1
4.2
4.1
5.7
5.6
.5.0
5. 9
5.8
5.6
4.1
3.5
3.4
3.9
4.0
The total araount of transactions for the twenty-nine years given in
the table is $685,352,410,090, and the aunual average is $22,845,080,336.
Tbe clearinghouse transactions of the assistant treasurer of the United
States atNewYork, for theyear endingNoveuiber 1,1883, wereas follows:
Exchanges received from clearing-house
Exchanges delivered to clearing-house
Balances paid to clearing-house
Balances received from clearing-house
$305, 306, 669 98
123, 578, 004 83
183,442,561 27
1, 713,89G 12
Showing that the amouut x)aid by the assistau t treasurer to the clear-'
ing-house was in excess of the amouot received by him
181, 728,685 15
A table corapiled frora stateraents made by the New York clearingliouse, giving the clearings and balances weekly for the months of September, October, and NoA^ember, of the years frora 1878 to 1883, will be
fouud in the axipendix, and are valuable for purposes of comparison.
The following interesting table has been coxiied from The Public, of
N'ew York Oity, of November 8, which gives the latest information concerning the exchanges at New York and other cities having clearingiiouses, for the week ending November 3, 1883, comparing tbera with
those for the corresponding week in 1882, and showing the percentage
4if differences. The exchanges at the sarae places for the raouth endiug
November 3,1883, are also giyen, with the percentage of differences re*Tlie capital is for various dates, tbe amounts at a uniform date in each year not being obtainable
t Yearly averages for tliirty years.
\ 'lotals for thirty years.
231
COMPTROLLER OF THE CURRENCY.
suiting from a comparison with the exchanges for the same month of the
[ire vio us year.
October.
Week.
"^ 1882.
1883.
New York
Boston
Philadelphia
Chicago
Saint Lonis .
Baltiraore
Sau Francisco
Cincinnati
N e w Orleans
Pittsburgh
Louisville.
Providence . . .
Milwaukee
.
Detroit
Kansas City
Cleveland
Hartford
M e m p h is
Indianapolis
Columbus
N e w Haven
Peoria .
Portland
Sprino^field
Worcester
Saint Joseph
Lowell.
Syracuse
$817, 996, 284
77, 604, 702
54. 734, 467
52, 290, 729
...
15, 611, 326
14,159, 848
14,116, 594
10, 566, 300
10, 236, 633
9,196, 834
5, .574, 710
4, 269, 000
4, 054, 058
2, 859, 651
2, 614, 750
2, 550,172
1, 654, 245
1, 647, 654
1,628,123
1, 477, 885
1, 264, 022
1, 244,180
1, 071, 846
854, 667
848, 431
702, 725
624, 475
621,199
$991, 296, 926
82, 653, 554
61, 832, 953
55, 492, 262
17, 080, 955
15, 040, 369
15, 683, 584
9, 992, 950
11, 077, 343
11, 377, 592
4, 337, 758
5, 285, 400
3, 973, 632
2, 445, 900
. 2,146, 674
1, 595, 492
1, 531, 443
2, 273, 621
1,146,149
1, 531, 789
1, 043, 378
1, 363,402
1, 032, 699
880, 583
620, 321
752,149
739, 790
Total
1,109, 205, 859 1, 304, 228, 418
Out. N e w Y o r k . 291, 209, 575
312, 931, 492
1883.
1882.
$3,831,718,815
326,154, 461
265, 345, 366
233, 382, 807
74,496,955
65, 253,165
58, 809,453
46, 698. 950
42, 636, 890
40,029,954
20, 377,144
25i 954, 600
16, 531, 865
\
13,920,430
i
12,823,250
lo, 062, 468
8, 019, 839
5, 751, 259
7, 092, 972
6,149, 411
5, 434, 781
4, 598, 986
4, 512, 412
i
3, 798, 636
4, 072, 912
2, 685, 789
i
2, 893, 936
i
2, 737, 017
$4, 384, 692, 605
330, 610, 821
250, 864, 077
223, 323, 336
74, 939,115
61,506.526
58, 366, 475
41,150, 400
47, 817, 804
50,185,748
16, 843,123
21,875,800
16,638,398
15.0 : 5,128,022,093
6.9 1 1,296,303,278
5, 655, 270, 222
1, 270, 577, 617
P e r cent.
—
—
—
—
—
—
—
+
—
—
+
—
+
17.5
6.1
11.5
5.8
8.6
5.9
9.9
5.7
7.6
19.2
27.3
19.2
2.'^
+ 11.4
+ 18.8
+
3.7
4-7.6
— 28.4
+ 28.8
— 17.5
+ 19.2
— 21.4
— 17.^
— 3.^
+ 13.3
— 17.0
— 16. 0
-
P e r cent.
—
—
-f
+
—
+
+
+
—
—
-f
H—
12 6
1.3
5.8
4.5
.6
6.1
.8
13.5
10.8
20.2
21.0
18.0
.6
+ 27.8
10, 029, 300
+
2.8
9, 786,184'
+
3.3
7, 766, 751
+ 36.6
4, 211, 555
—
12.
5
8,109, 769
+ 29.3
4, 754, 470
— 11.4
6,137, 014
+
7.6
4, 272, 397
— 5.9
4, 800, 000
2.0
3, 723, 880 • +
— 11.3
4, 594, 325
—
.5
2, 698, 074
3, 315,164
— 12.7
+ 21.3
0 2, 267, 111
—
+
9 5
2.0
The following table exhibits the transactions of clearing-houses located
in 24 cities, for the year ending October 1,1883, from official returns receiA^ed by the manager of the New York Olearing-House:
Cities.
Exchanges.
Boston, Mass
Philadelpbia, Pa . .
Chicago, 111
Saint Louis, Mo
Baltimore, Md
Pittsburgli, Pa
New Orleans; L a . .
Cincinnati, Oliio...
Providence, K. I . . .
Louisville, Ky
Milwaukee, AVis . .
Detroit, Mich
Cleveland, Ohio . . .
Hartford, Conn
New Haven, Conn.
Colurabus, Ohio
Memphis, Tenn
Peoria, III
AVorcester, Mass..
Springfield, Maes ..
Lowell, Mass
Syracuse, N. Y
Saint Joseph, Mo .
New York City . . .
Twenty-four cities
540, 980,659 00
794,181, 748 96
507, 022,178 00
874, 272,698 00
695, 499,933 09
538,134, 071 54
,.203^00
515, 655,
486,177, 850 00
236, 558,200 00
203, 580,839 00
174,911, 297 45
191,816, 936 92
110, 756,380 00
92, 785,885 47
64,135, 000 61
60. 206,815 00
54, 671,255 45
50, 961,493 00
44, 243,340 00
40, 861,119 29
36, 752,968 36
22, 903,350 99
5, 826,852 00
293,165, 257 65
.-
j
53, 536, 061, 332 78
Balancee.
$437, 052, 430 oe
238, 302, 687 25
266, 597, 620 00
146, 133,728 00
88, 460,175 60
90, 785, 404. 12
53, 729,805 OO
C
')
. c082, 302 71
47, 991, 866 02
28, 363, 751 51
15, 0
126, 000,000 CO
15, 229, 885 83
10, 547, 075 00
10, 889,190 02
C
14, 0 .
12, 047,056 00
13, 036,132 87
6, 766,129 58
044, 952 19
1, 568, 291,382 60
983,196 15
3, 090, 334, 770 45
From the above table it will be seen that the exchanges in New York
city araounted to 75.3 per cent, of the whole sum, and the balances in
that city were more than one-half of the amount stated.
!N ew York City, 75.3 per cent, of tptal exchanges; 50.8 por cent, of total balances.
* No record kept.
', t Organized February, 1883.
t Estimated.
232
REPORT ON T H E
FINANCES.
COUNTRY CLEARING.
The London Olearing-House includes in its oxierations a system of
clearing checks which are received by London bankers from correspondents, and which are drawn uxion bauks and bankers in different
parts of England. The country clearing is a modification of the town
clearing, and has been established twenty-five years. The number of
country banks and branches whose checks are cleared through the London Olearing-House is 418.
^
As there has been some moveraent toward the organization of a bank
in Boston for the purpose of collecting checks drawn on New England
banks outside of that city, the following description of *^ the country
clearing'' from the London Bankers' Magazine, of October, 1883, will be
of interest:
The outside M^orld has no idea of the immense number of country checks whicb
pass through the house in the course of a day. You see, a man. buy ing goods in Lon~
don and wishing to send xiayment, can, if he choose, get a postal or post-office order, but
this entails more expense, and certainly far more trouble than writing a check. Tbe^
nuraber of country checks in daily circulation is decidedly on the increase. Now t h a t
the parcels post has come into operation, doubtlesQ a still further impetus will be given
to the custom of sending to London checks drawn ou banks i n t h e conntry. Now, in
the ordinary couise of things a banker will not put a c ountry check to a customer's
<}redit forthwith, but will first of all collect it, and then credit his customer's account
with the proceeds. This would necessitate a delay of two' or three days and give an
immense amount of trouble to the banker—supposing the country clearing to be nonexistent—infinitely increase the risk of loss, and would as well infinitely increase the .
delay through the post by reason o f t h e augmentation of letters containing cheeks for
collection- But all this is obviated. As we have already seen, lhe book-credit system
gradually extended itself till it in reality produced the clearing-house. So the clearing-house has so far developed itself as to take under, its maternal wing not only
the checks and drafts drawn on and payable at certain London bauks, but also.at
•banks all over the country, which have for agents some of the clearing-banks in the
metropolis. Sexiarate tables of the amount paid through the country clearing wo are
afraid w^e shall uot be able to furnish. With regard to the system itself, fche country
clearers of the clearing-banks, twenty-seven in number, take these checks received
by their bank, drawn on country banks which have London head offices or agents,
and sort them according to the agents' names. The same ruling and heading is required in the country as in the town books, only the size is much smaller. The clearer
then casts his various sets, or charges, of checks, and drafts, putting an amount on
the back of each bundle, and delivers them at the house in the same way as the morning town charges have been delivered. The country clearing is from 12 till 2:15 p. m.
The^clearer at the hou»e itself will receive from the other banks charges, or batches
of drafts, on the conntry banks for which his establishment acts as agent. These he
enters under the heading of the bank which has handed them in. As there is bufc one
delivery the work is soon run tiirough, and when finished the ' ' s h e e t " is made out in
the same way as in the clearing-house; but^here is the essential difference—tlie bal-.
ances are not really paid for three days; and so, of course, the balances vdiich are
received or paid eacli day are really the result and clearing of transactions of three days
back. When we say three days we would be understood to include the day on which
the checks are x:>resented and. the day on which they are paid, so that one clear day m
left between for postage. The clearers, when they have entered all their charges and
agreed their balances, take the cheeks, &c., fco their offices, where they are sorted according to the banks on which they are drawn and dispatched without delay to the
country banks for payment. In all respects the country bank is treated as a-branch
of its London agent, and so the transaction of crediting and debiting charges is^.carried
on in almost exactly the same way as between a bauk and its branch in the city.
CLEARINa-HOUSE CERTIFICATES.
Section 5192 Kevised Statutes provides tfiat clearing-house certificates, representing specie or lawful inoney specially deposited for the
purposes of any clearing-house association^ shall also be deemed to be
lawful money in the possession of any association belonging to such
clearing-house holding and owning such certificate 5 and section 5193jirovides that the Secretary of the Treasury may receive United States
COMPTROLLER OF THE CURRENCY.
^
233-
notes on deposit, without interest, from any national banking associa
tion, in sum noMess than ten thousand dollars, and issue certificates
therefor in denominations of not less than hve thousand dollars, which
certificates may be counted as xiart'of the lawful money reserve, and
rhay be accepted in the settlement of clearing-house balances at the
places where the dexiosits therefor were made.
The legal-tender note certificates were first issued in the fiscalyear
1873. On June 30, 1875, there were outstanding $59,045,000 of these
certificates, of which the national banks held $47,310,000. On June 30^
1876, the amount outstanding was $33,140,000, of which the banks
held $27,955,000. On June 30, 1879, the amount had been reduced t a
$29,330,000, and the banks held on June 14 ofthe same year, $25,180,000.
'Mie amount outstanding on October 3, 1882, was $10,725,000, and the
national ba.nks held on that day $8,645,000.
,
The issue of the gold certificates was authorized by the fifth section of
the act of March 3,1863, and they were used for clearing-house purposes
soon after the passage of the national-bank act. The first issue was
made on November 13, 1865. On June 30,1875, there were outstanding
$21,796,300,ofwhichthenationalbanksinNewYork Oity held $12,642,180.
The issue of these certificates was discontinued ou December 1,1878, and
the amount outstanding had decreased on June 30, 1879, to $15,413,700^
vand on October 1,1880, to $7,480,100. The ainount outstanding on October 3, 1882, was $4,907,440, of which the national banks held $4,594,300.
The issue of gold certificates having been discontinued by the Government, and the amount of gold coin having rapidly increased, the banksin New York found it necessary to establish a depositor}^ of gold coin
for the convenience of ttie clearing-house This depository at the xiresent time is the Bank of America, by which bank certificates of deposit
were first issued on October 14; 1879. The amount of such certificates/.outstanding on October 1, 1883, was $22,955,000; on January 1, 1880^
$25,610,000. The largest amount of coin ou deposit was on January
21,1882, viz, $45,330,000, the capacity of the vault having been increased
since 1880. Of this amount, the national banks of New York Oity held
on June 22, 1883, $22,139,000; on October 2, $20,345,000.
The act of February 28, 1878, authorized any holder of silver dollars
of the weight of 412J grains troy of standard silver, to deposit t h e
same with the Treasurer, or any assistant treasurer, of the United
States, in sums not less than ten dollars, and receive therefor certificates
of not less than ten dollars each, corresponding with, the denominations ofthe United States notes. I t required that the coin dexiosited,
or representing the certificates, should be retained in the Treasury for
the payment of the same on demand, and that said certificates should
be receivable for customs, taxes, and all xmblic dues,'and also authorized their reissue. This act did not authorize their use as clearinghouse certificates, nor make them available as reserve for the national
banks.
;
'
x
• The act of July 12,1882, aiithorized and directed the Secretary of the
Treasury to receive deposits of gold coin in denominations of not less
than $20 each, corresxionding with the-denominations of United States
notes. The coin deposited for the certificates is required to be retained
for the payment bf the same on deniand, and these certificates, and also
silver certificates, are authorized to be counted as x>art of the lawful
reserve of the national banks.
The amount of silver certificates outstanding on November 1, less
the amount held by the Treasury, was $85,334,381. The amouut of
gold certificates Noveniber 1, 1883, less the amount held by the Treasury, was $52,075,880.
234
REPORT ON T H E
FINANCES.
S P E C I E IN BANK AND IN THE TREASURY OF T H E UNITED STATES, AND
ESTIMATED AMOUNT IN THE COUNTRY—SPECIE IN THE BANK OF
ENGLAND AND IN THE BANK OF FRANCE.
.
The following table exhibits the amounts of specie held by the national banks at the dates of their reports for the last eleven years, the
coin and coin certificates held by the New York Oity banks being stated
sexiarately:
Helcl b y n a t i o n a l b a n k s , i n N e w Y o r k C i t y .
Dates.
U.S.
gold cer- C l e a r i n g - h o u s e
certificates.
tificates.
Coin.
Sept.
Dec.
Feb.
May
June
Oct.
Dec.
Mar.
May
June
Oct.
Dec.
Mar.
May
June
Oct.
Dec.
Jan
Apr.
June
Oct.
Dec.
Mar.
May
June
Oct.
Dec,
Jan.
Apr.
June
Oct.
Dci.
Feb.
Apr.
June
Oct.
Dec.
Mar.
May
June
Oct.
Dec.
Mar.
May
July
Oc"t.
Dec.
Mar.
May
June
-Oct.
12,1873..
26,1873..
27,1874..
1,1874..
26,1874..
2,1874..
31,1874..
1,1875..
1,1875..
30,1875..
1,1875..
17,1875..
10,1876..
12,1876..
30,1876..2,1876.22,1876..
20,1877..
14,1877..
22,1877..
1,1877..
28,1877..
1.5,1878..
1,1878..
29,1878..
1,1878..
6,1878..
1,1879..
4,1879..
14,1879..
2,1879..
12,1879..
21,1880..
23,1880..
11,1880..
1,1880..
31,1880..
li;]881..
6,1881..
30,1881..
1,1881..
31,1881..
11,1882.
19,1882..
1,1882..
3,1882..
30,1882..
13,1883..
1,1883..,
22,1883..
2,1883-.
$1, 063, 210
1, 376,170
1,167, 820
1, 530* 282
1, 842, 525
1, 291, 786
1,443,215
1, 084, 555
930,105
1,023.015,
753, 904
869*436
3,26l!l3l
832, 313
1, 214, 522
1^120,814
1,434^701
1, 669, 284
1, 930, 725
1, 423, 258
1,538,486
1,955,746
2, 428, 797
2, 688, 092
1, 905, 705
1, 779, 792
4, 009, 299
5, 421, 552
5, 312, 966
6,058,472
7, 218, 967
20, 096, 249
12, 252, 541
12, 595, 720
16, 682, 226
16,104, 855
19, 773, 859
15. 924, 683
26, 242,108
20,822,790
15, 317,168
16, 352, 630
17, 093, 4.47
15,541,956
14. 278, 290
14, 391, 783
10, 811, 726
10,060,551
9,891,636
8, 219, 744
9, 388, 073
55
50
09
10
00
56
42
54
76
86
90
72
36
70
92
34
83
94
.59
17
47
20
44
06
22
43
01
49
90
34
69
64
44
49
40
28
01
90
60
87'
04
49
39
93
77
74
69
05
15
22
82
$13, 522, 600
18, 325, 760
23 518 640
23, 454i 660
13, 671, 660
13,114,480
14,410,940
10,622,160
5,753,220
12,642,180
4, 201, 720
12 532 810
19, 086,' 920
15,183, 760
16, 872, 780
13,446, 760
21, 602,' 900
33, 629,' 660
13,889, 180
10, 324, 320
11, 409,' 920
19,119, 080
35, 003, 220
25, 397, 640
11 954 500
11, 514i 810
12,277, 180
12,739,544
12, 220, 940
12,291,270
12,130, 900 — • •
8, 366,140 $21, 569, 000
7, 464, 650 35, 855, 000
6, 914, 250 25, 458, 000
7,810,200 33, 337, 000
7, 489, 700 36,189, 000
6, 709, 900 28, 240, 000
4, 825, 300 30, 809, 000
4, 625, 900 34,176, 000
4, 513, 400 41, 858, 000
4, 486, 600 31, 721, 000
4, 037, 600 33, 852, 000
4, 075, 800 29, 907, 000
4, 034, 300 31, 783, 000
4, 005, 100 32, 854, 000
3, 908,100 26, 224, 000
17, 720,100 22, 020, 000
10, 813, 320 21,818,000
16,094,210 21, 334, 000
26, 477, 760 .22,139, 000
20, 541,100 20, 345, 000
00
00
00
00
00
00
00
00
00
00
00
00
00
00.
00
00
00
00
00
00
Total.
Held b y
other national
banks.
Aggregate.
'
$14, 585, 810 55 $5, 282, 658 90 $19. 868, 469 45
7, 205, 107 08 26, 907, 037 58
19,701,930 50
8, 679, 403 49 33 365 863 58
24 686 460 09
7; 585! 027 16 32! 569! 969 26
24,'984,'942 10
15,514,185 00 . 6, 812, 022 27 22, 326, 207 27
14, 406, 266 56
6, 834, 678 67 21, 240, 945 28
15 854 155 42
6! 582! 605 62 2'> 436 76 L 04
J l ! 706, 7.15 54
4, 96o! 300 63 16, 667! 106 17
6, 683, 325 76
3, 937, 035 88 10, 620, 361 64
13, 665,195 86
5, 294, 386 44 18, 959, 582 30
4, 955, 6^4 90
3, 094, 704 83
8, 050, 329 73
13,'402, 246 72
3, 668! 659 18 17, 070' 905 90
6, 729, 294 49 29, 077, 345 85
22, 348, 051 36
16, 016. 073 70
5, 698, 520 66 21, 714, 594 36
18, 087, 302 92
7,131,167 00 25,218,469 92
14^ 576, 574 34
6, 785! 079 69 21-, 361, 654 03
9, 962, 046 06 32, 999! 647 89
23, 037, 601 83
35, 298, 944 94 14,410,322 61 40, 709! 267 55
15, 829, 905 59 11, 240,132 19 27, 070, 037 78
9, 588, 417 89 21, 335, 996 0.6
11,747,578 17
12, 948, 400 47
9,710,413 84 22, 658, 820 31
21,074,826,20 11, 832, 924 50 .^2, 907, 750 70
37.432,017 44 17, 290, 040 58 54, 722, 058 02
28.085,732 06 17. 938, 024 00 46, 023, 756 06
13 860 ^05 22 15 391 264 55 29 251 469 77
13. 294! 602 43 17! 394! 004 16 30, 688! 606 59
16, 286, 479 01 18,068,771 35 34. 355, 250 36
18,161, 092 49 23, 338, 664 83 41.499,757 32
17, 533, 906 90 23, 614, 656 51 41,148, 563 41
18, 349, 742 34 23. 983, 545 10 42, 333, 287 44
19, 349, 867 69 22, 823, 873 54 42,173, 731.23
50. 031, 389 64 28, 981,'651 95 79,013,041 59
55, 572,191 44 33, 869, 860 31 89, 442, 051 75
44, 967, 970 49 41,461,761 72 86,429, 732 21
57, 829, 4-26 40 41, 677, 078 86 99, 506, 506 26
59, 783, 555 38 49, 562, 954 11 109, 346, 509 49
54,729,759 01 52, 443,141 91 107,172, 900 92
51, 558, 983 90 53, 597, 211 36 105,156,195 26
65, 044, 008 60 57, 584, 553 48 122, 628, 562 08
67,194,190 87 61, 444, 730 63 128, 638, 927 50
51, 524, 768 04 62, 809, 968 08 114, 334, r m 12
54, 242, 230 49 59,438, 409 11 113, 680, 639 60
51,076,247 39 58, 907, 863 65 109, 984, 111 04
51, 359, 256 93 61, 056, 54.9 80 112, 415, 806 73
51,137, 390 77 60, 556, 871 77 111, 694, 262 54
44, 523, 883 74 58, 333, 894 53 102, 857, 778 27
50, .551, 826 69 55, 875, 332 71 106, 427,159 46
42, 691, 871 05 55, 270, 495 29 97,962,366 34
47, 319, 846 15 56, 287, 420 17 103, 607, 266 32
56, 836, 504 22 58, 517, 890 40 115, 354, 394 62
50, 274,173 82 57, 543, 809 71 107, 817, 983 53
The national banks held silver coin ainounting, on October 1,1877, to
^3,700,703, and on October 1, 1878, to $5,392,628. On October 2,1879,
the amount held was $4,986,493, and on October 1. 1880, it was
$6,495,477, including $1,165,120 in silver treasury certificates,- on
October 3, 1882, it was $8,273,815, including $1,807,600 of silver.certificates, and on October 2, 1883, it was $10,247,926, including $2,653,030
of silver certificates. On October 1 of the present year the official reports of the S t a t e b a n k s in New England, New York, Pennsylvania,
Mar^dand, Oeorgia,. Ohio, Indiana, Michigan, Wisconsin, Missouri, and
235
COMPTROLLER OF THE CURRENCY.
Minnesota show tbat these banks then held specie amouuting to
$9,729,817, of which the banks in New York Oity held $6,185,509. The
official returns from the State banks of Oalifbrnia do not give separately
the amount of coin held by them; but it is estimated that of tbe total cash
reported, amouuting to $8,109,198, $7,700,000 consisted of coin* Tbe
aniount of coin held by State banks in the States before mentioned, iucluding Oalifbrnia, was, tberefore, $17,429,817.
The Director of the Mint, in his report for 1881, estimates the amouut
of coin in the couutry ou June 30, 1880, at $501,555,711, of which
$358,958,691 was gold'and $142,597,020 was silver. His estimate for
the fiscal year ending June 30, 1883, is as follows:
U n i t e d S t a t e s coin.
C i r c u l a t i o n J n n e 30, 1882 .
C o i n a g e for t h e y e a r , l e s s d e p o s i t s for r e c o i n a g e . . . ;
E x c e s s of e x p o r t s o v e r i m p o r t s
Total
L e s s a m o n n t s u s e d i n t h e art.s
C i r c u l a t i o n J u l y 1 1883
•.
Cold.
Silver,
$500, 862,185
35. 582, 798
3, 309, 811
$199, 573, 360
28,108,541
519, 298
$700, 455, 545
63, 761, 339
3,829,109
539, 754, 794
2, 500, 000
228,291,199
75, 000
768, 045, 993
2, 575, 000
537, 254, 794
228, 216,199
765, 470, 995
Total.
From July 1, 1883, to November 1, there has been added to the coin
$9,842,694 of gold aud $9,466,216 of silver, making the stock of coiu iu
the country at the latter date $784,779,903, of wliich $547,097,488 was
gold and $237,682,415 was silver.
The amount of bulliou iu the mint aud in the New York assay office
on November 1 is stated to have been $62,392,>47 of gold and $4,936,365
.of silver, making in all $67,329,21ii; which, added t o t h e amount of coin
stated above, gives $852,109,115, of which amount $609,490,335 was
gold and $242,618,780 was silver.
The followiug table sbows the araouut of gold "and silver, includiug
the amouut held to protect gold aud silver certificates, and the percentage of each, in tbe Treasury of the Uuited States, on September 30 of
each year from 1876 to 1883, and ou November 1, 1883:
P e r cent
Silver.
Period.
Standard
dollars.
S e p t . 30,1876.
S e p t 30,1877..
Sept.30,1878..
Sept.30,1879..
S e p t . 30,1880..
S e p t . 30,1881..
Sept. 30,1882..
S e p t . 30,1883..
ISTov. 1,1883..
$12,155, 205
31,806,774
47, 784, 744
66, 092, 667
92, 228, 649
114; 587, 372
116, 036, 450
O t h e r coin
and hullion.
$6, 029,
7, 425,
' 15, 777,
21,173,
30, 878,
28, 945,
30, 769,
31, 858,
31, 648,
367
454
937
023
286
297
705
072
789
T o t a l silver.
Gold coin
a u d hullion.
$6, 029, 367
7, 425, 454
27, 933,142
52, 979, 797
78, 663, 030
96, 037, 964
122, 998, 354
146,445,-444
147, 685, 239
silver.
$55, 423, 059
107, 039, 529
136, 036, 302
169,8-27,571
135,641,450
174, 361, 3-43
152,7;!9,106
206,130, 543
209, 429. 940
of-
T o t a l coin
a n d bulliou.
$61, 452, 426
114, 464, 983
163, 969, 444
222, 807, 368
214, 304, 480
209,399,307
275, 737, 460
352, 575, 987
337,115,179
9.8
6.5
17.0
23."8
36.7
35.3
44.6
41.5
41.4 •
Gold.
90.2
93.6
83.0
76.2
63. 3
64.7
55.4
58.5
58.0
The bullion in the Bank of Enghind for each year from 1870 to 1883
is shown in the following table, the pouud sterling being estimated at
five dollars:
1870
1871
1872..
1873
|103,900, 000
117, 9r,0,000
112,900,000
113,500,000
1874..
Ill, ^''JO, 000
1875
1876
119,600,000
143,500,000
1877
1878
1879 ""
:. $126,850,000
119,.200, 000
150,942,980
1880t
18811
18821
l«83t
141,637,000
115,221,870
108,689,912
121,779,545
* Lonclon Economist, November 8, 1879.
t London Bankers' Magazine, October, 1880, 1831, and 1882.
.236
REPORT
ON T H E
FINANCES.
Eielow is a similar table, giving the amount of gold and. silver, and
the percentage ofeach, in the Bank of France, on December 31 ofeach
year* from 1870 to 1882, and on November 1, 1883, five francs being
estimated at one dollar :
Per cent, of—
Tears.
Silver coin
aud bullion.
Gold coin
and hullion.
Total.
Silver.
Ilecen3ber31,1870.
Decem ber 31,1871,
Becember 31,1872,
December 31,1873,
Decemher 31,1874
Decemher 31,1875
Decemher 31,1876,
'December 31,1877
Decemher 31,1878
Decemher 31,1879
Decemher 31,1880,
Decemher 31,1881
Decemher 31,1882
Novemher 1,1883,
$13, 700, 000
16, 240, 000
26, 520, 000
31, 260, 000
62, 640, 000
101, 000,000
127, 720, 000
173, 080, 000
211, 620, 000
245, 520. 000
244. 36ii, 000
231, 180, 000
216, 553, 000
085, 000
$85, 740, 000
110, 680, 000
131,740,000
122, 260, 000
204 220, 000
234,^860,000
306, 080, 000
235, 420, 000
190, 720, 000
148,320,000
110, 480, 000
129.160,000.
190, 981, 000
192,112,000
13.8
12.8
16.8
20.4
23.5
30.1
29.4
42 4
51. 8
62.3
68.9
64.2
53.1
51.3
.$99, 440, 000
126, 920, 000
158, 260, 000
153, 520. 000
266, 860, 000
335, 860. 000
433, 800, 000
4U8, 500, 000
408, 340, 000
393, 840, 000
354, 840, 000
360, 340, 000
407, 534, 000
395,197, 000
Gold.
87.2
83 2
79.6
76.5
69.9
70.6
57. 6
48. 2^
37.7
31.1
35. 8
'46.9-
4^. t
SECURITY FOR CIRCULATING NOTES.
During previous years there have been many changes in the classes
of United States bonds held by the national banks as security for their
circulation, owing to the payment or refunding or extension of the different issues of five and six per cent, bonds bearing interest at four and
a half, four, three and a half, and three per cent. During the preceding
year 259 millions of three and a half per cent, bonds held by the banks,
which were extended from five or six per cent, bonds in the year 1881^
havebeen changed into three per cent bonds, and during tltie present
year ending Noveinber 1,1883, all of the remaining three and a half per
cent, bonds have been called for payment, of which the national banks,
held about 40 inillions. The amount of IJnited States bonds held by
the Treasurer as security for the circulating notes of the national banks
on the first day of November, 1883, is exhibited in the following table:
Class of bonds.
Funded loan of 1891
Fuuded loan of 19i)7
Funded loan of 1881 continned
Funded loau of July 12,1882
Pacific Railway bonds
Total
Authorizing act.
' July 14, 1870, arid Jannary 20, 1871..
do
.
db .
.....
do
do
July 12, 1882
.July 1, 1862, and July 2, 1864.......
Eate of
interest.
Amount.
Fer emit.
4i
4
••
H
3
6 .
$41,319,7^0!
106,164, 850
632, 000
201, 327, 750
3, 463, 000
352, 937, 300
During the year 1871, and xirevious thereto, a large portion of the
bonds bore interest at the rate of 6 per cent., and until the year 1877
all of the bonds bore interest at either 5 or 6 per cent. The five or
six per cent, bonds, in the year 1881, entirely disappeared from the list
of these securities, with the exception of three and a half millions of
*' The Bulletin de Statistique, as quoted iu t h e Bankers' Magazine, New York, voL
xiii, page 740; except the items for 1879-'80 and '81, which were obtained from t h e
London Bankers' Magazine for August, 1880, page 661, September, 1881, page 716,
.and Septeraber, 1^2, page 739, and t h e last item from L'Ecouomist Francais, November 3, 1883.
237
COMPTROLLER OF THE CURRENCY.
Facific sixes, and during the present year the three and a half per
€ents have in like manner disappeared, with the exception of six hundred and thirty-two thousaud which have been called.
At the present time more than 57 per cent, of the amount pledged
for circulation, consists of bonds bearing interest at 3 per cent, only,
and the remainder, with the exception' of three and a half millions of
Pacifies, bear interest at the rate of 4 and 4^ per cent.
STATE BANKS, TRUST COMPANIES, AND SAVINGS BANKS.
The act of Gongress of February 19, 1873, section' 333 of the United
States Eevised Statutes, requires the Comptroller to obtain from authentic
sources, and report to Congress, statements exhibiting, under appropriate heads, the resources and liabilities of such banks and savings banks
a s are organized under the laws of the several States aud Territories.
In compliance with this act, he has presented annually in the appendices
to his reports, the resources and liabilities of these corporations, so far
as it has been possible to obtain them. Through the courtesy of State
ofiicers, returns of State bauks, savings banks, aud trust and loan companies have, during the pastyear, been received from twenty-four States.
Many of the States a;nd Territories, including Yirginia, West Yirginia,
North Carolina, Alabama, Arkansas, Tciunessee, Illiuois, Kansas, Oregon,
and Dakota, do not require periodical returns of the condition of the different classes of banks organized under their laws.
From these returns thefollowing abstract has been compiled, showing ,
the resources and liabilities of State banks and trust companies, for the
last four years, thenumber reported in 1880 being 650; in 1881, 683; in
1882, 704, and in 1883, 788:
1880.
650 b a n k s .
1883.
683 h a n k s .
704 b a n k s .
788 b a n k s .
EESOUKOES.
Loans and discounts
,
Overdrafts
United States honds
O t h e r s t o c k s , h o n d s , &c
D a e from h a n k s
,
Beal estate
Other assets
E.Kpenses
Cash items
Specie
L e g a l t e n d e r s , b a n k n o t e s . Sec
Total
,^
$281, 496, 731
597, 699
26, 252,182
35. 661, 792
40, 340, 345
19, 489, 086
7, 374, 037
979, 492
11,176, 592
6, 905, 977
51, 500, 226
$352, 725, 986 $404, 574, 420
1,373,116
1, 407, 695
27, 680, 025 25, 673, 984
42, 330, 957 . 45, 658, 783
57, 973, 718
54, 662, 829
19, 915, 682
21, 396, 772
11, 941, 741 . 13,685,205
1,193, 345
1,136, 427
18, 546, 073
16, 900, 762
17, 902, 760
17, 925, 628
27, 322, 912
27, 391, 317
$462, 380, 585
1,493,636
22, 725, .596
52, 405, 724
08, 270, 664
• 20,160, 547
14,190, 044
1,131, 586
35, 206, 862'
18, 255,300
28, 259, 069
481, 774,159
575, 500,139
633, 819, 998
724, 479, 613
109, 318, 451
.283, 308
25. 008, 431
10,774,731
486, 094
298, 759, 619
18, 613, 336
•18, 530,189
112,111,325
274, 941
27, 857, 976
12, 237, 320
576,413
373, 032, 632
19,105, 664
30, 303, 868
113, 361, 931
286, 391
31,504,352
14, 758, 438
,577,419
426, 677, 092
18, 409, 351
28, 245, 024
125, 233, 036
187, 978
34, 575, 461
18, 076, 610
465, Oil
500, 374, 217
20, 918, 936^
24,648,364
481,774,159
575, 500,139
633, 819, 998
724, 479, 613
LIABILITIES.^
Capital stock
Circuiatiou
Surplus fund
¥^ndivided profits
Dividends unpaid
Deposits
•
D u e to hanks
O t h e r liahilities
Total..
-
,
The foregoing table was prepared from returns from all the New England States, except Maine; from four Middle States, not including'Delaware, and from all the Western States, excepting Illinois, Kansas, and
238
REPORT ON T H E FINANCES.
Nebraska. The only Southern States from which reports have been received were South Carolina, Georgia, Louisiana, Texas, Kentucky, and
Missouri. The only Pacific States were Califorriia and Colorado. There
are no State banks in Maine, but one in New Hampshire, six in Yermont, and none in Massachusetts. There are, however, six trust and
loan companies in the latter State, one in Ehode Islaud, aud six in Connecticut. •
SAVINGS BANKS.
The following table exhibits the aggregate resources and liabilities of
629 savings banks in 1880, 1881, and 1882, and 630 in 1883 :
1880.
1881.
629 h a n k s .
629 b a n k s .
629 h a n k s .
630 b a n k s .
$307, 089, 227
128,483,698
237, 786, 442
206, 291, 274
32, 994, 578
35, 305, 717
39, K82, 429
11,047,346
132,204
38, 977,135
14, 032, 015
$328,197, 858
155, 874, 522
219,017,313 •
190, 629, 915
41, 695, 701
36, 587, 817
37, 224, 601
53, 235, 771
144, 223
43,184, 629
12, 998, 594
RESOURCES.
Loans on real estate
Ivoana on personal and collateral fiocuTity..
United States honds
.'
State, municipal, and other honds and stocks
Eailroad bouds and stocks
Bank stock
,
Real estate
,
Other assets
Expenses
Due from hanks
Cash
Total
$315, 273, 232
70,175, 090
187,413,220
150, 440, 359
20, 705,/378
32, 225, 923
39, 038, 502
27, 053, 452
216,423
22, 063, 091
17, 072, 680
$n07,096, 158
95.817,641
210,845,514
159,819,942
27, 069, 048
33, 249, 203
41,987,674
37,408,163
135, 572
40,603,641
13,758,106
881, 677, 350
967, 790, 662 1, 052, 982, 065
1,118, 790, 944
819,106,973
51,226,472
4,740,861
6, 603, 044
891, 961,142
60,289,905
10, 325, ^'00
. 5,213,815
966, 797, 081
69,454,512
11,136,219
5, 594, 253
1,024,856,787
72, 784,155
15, 738, 223
5, 411, 779
881, 677, 350
967, 790, 662
1, 052, 982, 065
1,118, 790, 944
LIABILITIES.
Deposits
Surplus fund• U n d i v i d e d profits
O t h e r liahilities
Total
-.
The foregoing table includes the returns from six New England States,
from four Middle States, not including Delaware; from the States of
Ohio, Indiana, California, and the District of Columbia. The aggregate of loans in the New England States is $272,112,554, and of deposits
$453,890,090. In the Middle States theaggregate of loans is $169,101,770,
and of deposits $499,044,206.
Some of the largest savings bauks iu the city of Philadelphia, organized under old charters, are not required to make reports to any State
officer. Eeturns received directly from four of these banks, having
deposits amounting to $32,347,733 are included in the returns from the
State of Pennsylvania.
The savings banks deposits, given ih the foregoing table for 1883,
based upon reports made to State authorities, are $1,024,856,787, and
the deposits of the State banks and trust companies were $5U0,374,217«
These returns do not include bank deposits. The deposits of tbe nationai banks on October 2, 1883,, exclusive of those due to banks, were
$1,063,601,156. These deposits of the national bauks bear to those of
the savings banks the proportion nearly of 51 to 49; to those of the
State banks and trust companies the proportion of 68 to 32; and to the
coinbined deposits of both the proportion of 41 to 59.
,
COMPTROLLER OF THE CURRENCY.
239
The total population of New England, according to the census of 1880,
was 4,010,.^29, and the number of open deposit accounts of the savings
banks in the year 1883 is 1,368,997, which is equal to 34.1 accounts to
each one hundred of the entire population. The average amount of
each account is $331.55, and if the total deposites were divided among
the entire population the average sum of $113.17 could be given to each
individual.
The deposits of the savings banks in the State of New York were
$412,147,213, while the population is 5,082,871, showing that an equal
distribution ofthe savings-banks deposits among the entire population
of the State would give $81.08 to each individual.
Tables'showing tbe aggregate resources and liabilities of State banks,
trust companies, and savings banks in each State, from which returns'
have been received frbm the State' authorities, a])pear in the Appendix;
A table is also there given showing by States the number of savingsbank depositors, and the average amount due to each in 1882 and 1883.
The Comptroller has for the last eight years compiled tbe returns received by the Commissioner of Internal Eevenue from the State and
savings banks and private bankers for purposes of taxation,,showing
the average amount of tbeir capital and deposit for each six months,
and the amouuts invested in United State§,, bonds. The law requiring
such returns to be made has not been rep^^ed, but as the tax on capital
and deposits ceased on November 30, 1882, it is not expected that such
returns will hereafter be transmitted. The Comptroller must therefore
depend exclusively for this information upon the returns to be received
from the officers of the dilferent States,.and when such returns are required to be made they are as a rule promptly and courteously forwarded
to this office in reply to his request.
The legislature of Missouri recently passed a law requiring all bauks
in the State to make reports in tbe inonth of Deceniber. With a view
of rendering this system of reports more complete and effective than at
present, the Comptroller prepared in tbe year 1876 the form of a bill, which
is herewith presented; and it is respectfully suggested to members of
Congress and State officers residing in those States where no returns
° are required that, if approved by them, they shall lend the weight of
their influence to procure tbe enactment of a law, similar in form, by
the legislatures of their respective States. It may be mentioned that a
bill, substantially the same as that here presented, has been passied by
the legislature of Ohio.
A BILL to provide for ohtaining and publishing reports of banks, savings institutions, and trust companies organized under State laws.
Be it enacted, That eacb and every banking institution, ^organized under tbe laws
of tbis State, sball make a report to the auditor of state, showing the condition thereof
before tbe commencement of business on the first Monday in the months of January,
April, July, and October of each year.
S E C 2. That the auditor of state shall issue his requisition upon all banking institutions, for tbe reports required to be made by section 1 of this act, a convenient number
of days prior to the first day of January, April, July, and October, in each year, aud
each banking institution shall, upon receipt thereof, immediately forward to the
auditor a balanced report of its condition, verified by the bath or affirmation of one
or more of tlie officers of siich institution, and shall also publish sucb report in full at
its own expense, in a newspax^er issued at tbe place where the institation is located,
or, if there be no newspaper in that place, then in the one nearest thereto ; and any
banking institution neglecting to make and transmit to the auditor of state, and
publisb, such reports, sliallf alter the expiration of five days from the receipt of the'
requisition therefor, be subject to a penalty of thirty dollars for each day's delay^
which penalty may be collected by suit to be brought by the auditor of state, or by
any creditor ofthe association, before any court of competent jurisdiction in the district
^ h e r e i n sach banking institution is located; and all sums of money collected for penalties under this section shall be.paid into the treasury o f t h e State.
240
REPORT
ON T H E
FINANCES.
^SEC. 3. T h a t banks, trust compalnies, savings banks, and other b a n k i n g institu"tions, having capital stock, shall report their resources and liabilities in the following
form:
Beim't of the condition of The
, at
, ixi the State of — ^ — , before the
commencement of business on thefirst Monday of
, 187-."
DR.
•
'
CR.
Dollars.
Eesources.
1.
2.
3.
4.
5.
'6.
7.
8
9^
10
dl.
12
13.
cts.
Loans on real estate ..'
All other loans and discounts.
Overdrafts
United States bonds on hand .
State bonds
.
OtHer stocks, honds, and mort• gages
Due from other hanks and
bankers
-..
Heal estate
Furniture and fixtures
Current expenses .
Premium on bonds
Cash items
Gold coin, $ — - ; silver coin,
Liabilities.
1.
2.
3.
4.
Capital stock paid in
Surplus fnnd
Undivided profits
State-bank notes outstanding.
Dollars.
Cts.
'
6. Individual deposits
7. Due to banks and bankers
• 8. IS^otes and bills rediscounted..
9 Bills navable
$
14 National-bank notes
'15 United States notes
..
?"• •
Total
Total
•:^?r/
"STATE OF
,
Gouxity of
.
Sworn to and subscribed before me this •of
, 187-.
-day
of The
do
solemnly ssvear that the above statement is true,
to the best of my knowledge and belief.
Cashier.
S E C 4. Savings banks and other banking institutions having no capital stock shall
tr eport their resources and liabilities in the following form:
B&poxt'of the condition of Tlie
, at —
in the State of187-.
I
commencemetit of business on thefirst Monday of
- , before the
.DR.
CR
Resources,
8.
Dollar
Cts.
1. Loans on real estate
:2. Loans on United States and
State stocks
"3. Loans on other stocks and
bonds
4. All other loans
-5. United States bonds on hand..
6 State honds on hand
*
7. Other stocks and honds
8. Real estate
•'.
9. Furniture and fixtures
10. Expenses
11. Due from hanks and hankers..
12. Specie
13. Nationai-bank and ITnited
States currisncy . . . . . . .
14. All other assets
• .
Liabilities.
Dollars.
Cts.
2. Due to banks and bankers
3 Uudivided nrofits
4. Other liahilities
Total
•^STATE OF
*
Total
,
County of
.
Sworn to and subscribed before me this -of
, 187-.
-day
, do
of The solemnly swear that the above statement is true,
to the best of my knowledge and belief.
i
Cashier.
COMPTROLLER OF THE CURRENCY.
241
And such banks shall also furnish, with their reports, tlie foUowing information:
Tbe number of open accounts, and the rate per centum lof dividends or interest on
deposits, for the i^ast year.
S E C 5. That the auditor of state shall compile the reports received by him under
this act, and the tables so coihpiled shall be printed quarterly for distribution who'n
prepared, and shall be transmitted by him to t h e legislature at t h e beginning of each
session thereof.
PRIVATE BANKERS.
In the Appendix will be found three comprehensive tables, of two
pages each, giving, by geographical divisions, and by States, Territories,,
and principal cities, "the number of State banks, savings banks, trustand loan companies, and private bankers of the Country, for the present,
and three previous years, together with the amount of their capital audi
deposits, and the amount of their capital invested by them in IJnitedi
States bonds. The first official information of this character ever p u b lished in rpgard to the private bankers of the country was contained in
a table in the Comptroller's report for 1880 ; and|the law requiriug these
returns to be made having now been repealed, a similar table for the six
months ending November 30, 1882, is given, which is the last table of "
this kind which can be presented. The following information in reference to the private bankers in sixteen of the principal cities has been
compiled from the table in the Appendix for the six months ending November 30, 1882:
Cities.
' Boston
:..
N e w T o r k City
Albany
•...
Philadelphia
Pittsburgh
Baltimore
..
Washington ...
New Orleans...
Louisville
Cincinnati
Cleveland
Chicago
,
Detroit
Milwaukee
Saint Louis
San Francisco .
Totals...
Numher of
hanks.
61
506
3
44
8
35
8
11
3
11
5
22
9
4
9
10
Invested in *
U. S. bonds.
Capital.
Deposits.
$5,
51,
.
2,
439, 589
758, 575
91,000
206, 728
755, 312
1,126, 738
428, 450
85, 667
181, 000
673, 096
52, 000
1, 473, 408
. 205, 708
^ '160,000
220, 412
1, 509,162
$3, 621, 863
55, 565, 884
17, 592
6, 738, 522
2, 922, 571
3, 057, 709
4, 611, 745
692
732, 766
2, 600, 855
1, 359,130
10, 660, 525
1,192, 947
2, 433, 026
18, 729
8, 910, 782
$878, 590^7, 926, 545'
66, 366, 845
104, 445, 338
9, 944, 208
73,"9ii
, 54, 818
183, 365
324, 037
143, 083
11, 525
153, 249
5,933
3, 614
35, 838
149, 637
The total number of private bankers in the foregoing cities is 749,
with an aggregate capital of $66,366,845, and aggregate deposits of
$104,445,338; the average capital being $89,942, and the average deposits $139,446. About 68 per cent, of these private banks are located
in New York City, representing more than three-fourths of the aggregate
capital and over one-half of the aggregate deposits. In the city of New
York the average amount of capital is $102,289 and deposits $109,814
for each private banker ; and the bankers in that city also held $7,926,545
of United States bonds, or over one-half of the amount of such bonds
held by all of the private bankers of the country. >
The following table gives similar information for the thirty-four States
and Territories, exclusive "of the cities in the above table, having an
amountof capital in excess of $100,000. In this table the number of
private bankers is 2,611; the aggregate amount pf capital $38,533,964^
3780 F
16
'
:
242
R E P O R T ON T H E
FINANCES.
and of deposits $181,270,757, the average capital being $14,758, and
the average deposits $69,809.
states and Territories.
N o . of
hanks.
Capital.
Deposits.
Pennsylvania..
Iowa
Ohio
Illinois
Indiana
Texas
New York
Michigan
Kansas
Missouri
Nebraska
Miunesota
Oregon
Colorado
Wisconsin
Georgia
Dakota
Monta,ua
Alabama
Washiugton ..
Mississippi . . .
Rhode Island .
Kentucky
Virginia'
,
California
,
Connecticut ...
Utah
,
Wyoming
Nevada.'
South Carolina
Louisiaua
Florida
Arkansas
Tennessee
Arizona
189
321
215
337
117
123
166
152
161
83
149
116
17
47
87
29
79
17
22
13
11
7
22
17
27
13
9
5
7
9
4
9
16
5
10
$4, 248, 463
4, 200, 584
4,135, 845
3, 654, 239
2, 910,130
2, 881, 555
1, 742, 889
1, 424, 515
1, 323, 412
1,195, 067
1, 044, 974
1, 000, 781
868, 709
774, 735
764, 904
652,177
567,104
525, 727
514, 500
466, 414
423, 615
406, 539
395, 386
381, 991
364, 260
217, 833
216,103
214, 965
191, 434
177, 297
158, 536
153, 874
118, 568
111, 591
105, 248
$24,174, 291
14, 580,124
22, 482, 648
24, 591, 579
12,151, 432
8, 251, 624
15, 556, 555
7, 064, 720
5, 595, 708
6, 052, 073
3, 369,134
4, 770, 307
2, 752, 552
2, 423, 305
4,405,467,
1,117, 969^
1, 299, 323
1, 540, 824
1, 530, 913
1, 221, 654
949, 095
577, 740
, 2,244,248
2, 934, 803
1,701,252
1, 519, 857
•2, 274, 675
1, 061, 398
724, 683
58,122,
55, 907
962, 202
249, 633
344, 952
679, 988
Totals ...
2,611
38, 533, 964
181, 270, 757
I n v e s t e d in
U . S. h o n d s .
$218,107
210, 551
557, 442
640,121
516, 305
16, 675
446, 821
131, 803
36, 685
121,165
35, 512
14,997
270, 000
92, 439
6,000
7, 486
28,167
20, 000
7. 96'7
7; 052
56,124
105, 000
2,500
19, 500
The remaining eleven States and Territories enumerated in the following table contain 52 private bankers, with an aggregate capital of
$375,424, and aggregate deposits of $3,241,483. Massachusetts has only
three private bankers outside the city of Boston, with an aggregate
capital of $68,333, and aggregate deposits of $572,673. Maryland has
but three private bankers outside of the city of Baltimore. The State
of Maine has nine private bankers. North Carolina but five. New Jersey
four, Delaware and Vermont only one each. The average amount of
capital held by each of these 52 private bankers is $7,220, and of deposits $62,336.
states and Territories.
N u m b e r of
hanks.
Capital.
Maine
Massachusetts...
N o r t h Carolina ..
West Virginia...
Maryland
Idalio
N e w Mexico
New Jersey
Delaware
Vermont
Nevv H a m p s h i r e .
$83, 343
68, 333
58, 333
40, 000
39, 025
39, 947
25, 417
16, 026
5,000
Total
375, 424
Deposits.
572, 673
83, 728
, 158, 647
36,149
184, 471
920, 000
1,119
8,519
20, 097
3, 241, 483
I n v e s t e d in
U . S. b o n d s .
$10,137
60,693-
85, 216
243
COMPTROLLER OF TUB CURRENCY.
The following table shows, by geographical divisions", the nuniber of
private bankers in the United States, with the aggregate amouut of
their capital, deposits, and investments in United States bonds, for the
§ix.months ending November 30, 1882.
Geographical divisions.
N e w E n g l a n d -States
Middle States
Southern States
United States
N u m b e r of
banks.
94
967
289
2,062
3, 412
Capital.
Deposits.
$6,
62,
6,
30,
,$6,
112,
20,
149,
215, 637
418j 206
334; 090
308, 300
105, 276, 233
568,
690,
675,
023,
I n v e s t e d in
U . S. b o n d s .
310
656
301
311
288, 957, 578'
$963, 958
9, 227, 728
107 167
3, 298| 990
13, 597, 843
The table below is a recapitulation ofthe foregoing, showing by groups
the aggregates for the bankers in the sixteen principal cities in the
thirty-three States and Territories having a private banking capital in
excess of $100,000, and in the eleven remaining States and Territories,
for the last year.
RECAPITULATION.
N u m b e r of
hanks. .
.
Capital.
Deposits.
'
Invested in
U . S. h o i l d s .
1
P r i n c i p a l cities
Principal States and Territories
Kemainin"" S t a t e s a n d T e r r i t o r i e s
United States
749
2,611
52
$66, 366, 845
38, 533, 964
375, 424
$104, 445, 338
181, 270, 757
3, 241, 483
$9, 944, 208
3, 568, 419
85,216
3,412
105, 276, 233
i
28 ^ 957, 578
13, 597, 843
TAXATION.
The act of March 3,1883, repealed the law imposing a tax upon the
capital and deposits of national banks. State banks, and pri vate bankers,
except such as was then due and payable. Some doubt arising as to the
effect of this law, the question was referred to the Attorney-Gen eral, who,
on May 18,1883, decided that the tax upon the capital and deposits of
State banks and private bankers ceased on November 1,1882, and that
upon the capital and deposits of the national banks on January 1,1883.
These were tbe dates of the last assessments uiidel" the laws taxing banking capital and deposits.
The only United States taxes now to be paid by banks are the 1 per
cent, annual tax upon the circulation outstandingiof national banks and
the prohibitory tax of 10 per cent, upon state bank circulation paid out,
as provided by section 3412 of the Eevised Statutes.
The whole cost of the national banking system to the Government,
frpm the date of its establishmeut in 1863 to the present time, has been
$5,610,669. Up to January 1, 1883, the date upon which the tax on
capital and deposits ceased, there had been collected on these two iteins alone from national banks the sum of $68,795,948.90. In addition the
amount collected up to July 1, 1883, from the tax on circulation, which
is still in force, amounted to $55,385,524.97, malking an aggregate of
$124,181,479.87 paid in taxes on capital, deposits, and circulation by the
national banks up to July 1,1883. The tax. on circulation alone, paid
for the last half of the fiscal j^ear, amounted to $1,564,521.59. The
244
REPORT ON THE FINANCES.
following table shows the total amount paid upon capital, circulation,
and deposits up to July 1,1883:
Tears.
1864
1865
1866
1867
1868
1869...:
1870
1871
1872
1873
si874
1875
1876
1877
1878
1879 ...
1880
1881
1882
1883
O n circulation.
.....•-
...
...
Aggregates
O n deposits.
O n capital.
$53,193- 32
$95. 911 87
733, 247 59
1, 087, 530 86
2,106, 785 30
2, 633,102 77
2, 868, 630 78
2, 650,180 09
2, 946, 343 07
2, 564,-143 44
2, 957, 416 73
2, 614, 553 58
2, 949, 744 13
2, 614, 767 61
2, 987, 021 69
2, 802, 840 85
3,193, 570 03
3,120, 984 37
3, 353,186 13 . 3,196, 569 29
3, 404, 483 11
3, 209, 967 72
3, 283. 450 89
3. 514, 205 39
3, 091, 795 76
3, 505,129 64
2, 900, 957 53
3, 451, 965 38
3, 273, 111 74
2, 948, 047 08
3, 009, 647 16
3, 309, 668 90
3,153, 635 63
4, 058, 710 61
3,121, 374 33
4,940,945 12
3,190, 981 98
5, 521, 927 47
3,132, 006 73 *2, 773, 790 46
55, 385, 524 97
60, 940, 067 16
$18, 432 07
133,251 15
406, 947 74
321, 881 36
306, 781 67
312, 918' 68
375,962 26
385. 292 13
389, 356 27
454, 891 51
' 469, 048 02
507, 417 76
632, 296 16
660, 784 90
560, 296 83
401, 920 61
379,424.19
431, 233 10
437, 774 90
*269, 976 43
7, 855, 887 74
Total.
$167i 537 26
,1, 954, 029 60
5, 146, 835 81
5, 840, 698 23
5, 817, 268 18
5, 884, 888 99
5, 940, 474 00
6,175,154 67
6, 703, 910 67
7, 004, 646 .93
7, 083, 498 85
7, 305,134 04
7, 229, 221 56
7, 013, 707 81
6, 781, 455 65
6,721,236 67
7, 591, 770 43
8, 493, 552 55
9,150, 684 35
6,175, 773 62
124,181, 479 87
The following table exhibits the taxes upon the circulation, deposits,
and capital of banks, other than national, collected by the Commissioner
of Internal Eevenue from 1864 to November 1,1882, the date upon which
the taxation of capital and deposits ceased.
Years.
1864.
1865.
1866.
1867.
186.8.
1870...
1871...
1872...
1873...
1874...
1875...
1876...
1877...
1878...
1879...
1880...
1881...
1882...
18821 .
Aggregates.
On circulation.
$2, 056,996 30
1, 993,661 84
990, 278 11
214, 298 75
28, 669 88
16, 565 05
15, 419 94
22, 781 92
8, 919 82
24, 778 62
• 16,738 26'
22, 746 27
17, 947 67
5, 430 16
1, 118 72
13, 903 29
28, 773 37
4, 295 08
4, 285 77
On deposits.
On capital.
Totals.
723 52
2, 043,841 08
2, 099,635 83
1, 355,395 98
1, 438,512 77
1, 734,417 63
2,177, 576 46
2, 702,196 84
3, 643,251 71
3, 009,302 79
3, 453,544 26
2, 972,260 27
2, 999,530 75
2, 896,637 93
2, 593,687 29
2, 354,911 74
2, 510,775 43
2, 946,906 64
4, 096,102 45
1,993,026 02
367 98
374, 074 11
476, 867 73
399, 562 90
445, 071 49
827, 087 21
919, 262 77
976, 0.57 61
736, 950 05
916, 878 .15
1,102, 241 58
989, 219 61
927, 661 24
897, 225 84
830, 068 56
811, 436 48
811, 006 35
1,153, 070 25
489, 033 53
$2, 837,719 82.
4, 940,870 90
3, 463,988 05
2, 046,562 46
1, 866,745 55
2,196, 054 17
3, 020,083 61
3, 644,241 53
4, 628,229 14
3, 771,031 46
3, 387,160 67
4,097, 248 12
4, 006,698 03
3, 829,729 33
3, 492,031 85
3,198, 883 59
3, 350,985 28
3, 762,208 07
5, 253,458 47
2, 482,059 55
48, 802, 237 39
14, 986,143 44
69,^75, 989 65
The shares of national banks are still subject to State taxation, and
in previous reports tables exhibiting the average rates paid by national
banks in the several States and Territories have' been given for purposes of comparison and to show the total burden of taxation heretofore
borne by the national banks. The national banks having been happily
relieved of the United States tax, as has beeu repeatedly recommended
by the Comptroller, it has been thought unnecessary to continue the
collection of this information, which can only be obtained from separate
returns to be made by each bank to this olfice.
^ Six months to J a n n a r y 1, 1883.
t Six months to November 30, 1882.
245
COMPTROLLER GF THE CURRENCY.
UNITED
STATES LEGAL-TENDER NOTES AND NATIONAL BANK CIRCULATION.
The acts of February 25, 1862, July 11,1862, and March 3,1863, each
authorized the issue of 150 millions ofdollars of legal tender-notes, making an aggregate of 450 millions of dollars.
On February 3, 1864, the amount of such notes outstanding was
$449,479,222, which was the highest amount outstanding at any one
time. The act of June 30, 1864, provided ' that the total amount of
United States notes issued, or to be issued, should not exceed 400 millions of dollars, and such additional sum,* not exceeding 50 millions, as
might be temporarily required for the redemption of temporary loans.
By the act of June\20,1874, the maximum amount was fixed at 382 millions. Section 3, act of January 14, 1875, authorized an increase of the
circulation ofnational banks in accordance with existing law, without
respect to the limit previously existing, and required the Secretary of
the Treasury to retire legal-tender notes to an aniount equal to eighty
per cent, ofthe national-bank notes thereafter issued, until the amount
of such legal-tender notes outstanding should be 300 millions, and no
more. Under the operations of this.act, $35,318,984 of legal-tender notes
were retired, leaving the amount in circulation on May 31, 1878, the
date of the repeal of the act, $346,681,016, which is the amount now
outstanding.
•
In the following table are given the amount and kinds of the outstanding currency of the United States and of the national banks on January 1 of each year, from 1866 to 1883, and on November 1, 1883, to
which is prefixed the amount on August 31,1865, when the public debt
reached its maximum:
.
TJnited S t a t e s i s s u e s .
Date.
Legal-tender
notes.
A u g . 3 1 , 1 8 6 5 . . . $432, 553, 912
J a n . 1 , 1 8 6 6 . - - . 425, 839, 319
J a n . 1, 1 8 6 7 . - . . 380, 276,160
J a n . 1, 1 8 6 8 . . . . 356, 000, 000
J a n . 1, 1 8 6 9 . . . . 356, 000, 000
J a n . 1, 1 8 7 0 . . . . 356, 000, 000
J a n . 1, 1 8 7 1 . . . . 356, 000, 000
J a n . 1, 1 8 7 2 . . - . 357, 500, 000
J a n . 1, 1 8 7 3 . - . . 358, 557, 907
J a n . 1, 1874 . .
378, 401, 702
J a n . 1, 1875 . .
382, 000, 000
J a n . 1, 1 8 7 6 . . . . 371, 827, 220
J a n . 1, 1877'...
366, 055, 084
J a n . l , 1878 . .
349, 943, 776
J a n . 1, 1 8 7 9 . . - . 346, 681; 016
J a n . 1, 1 8 8 0 . . .
346,681,016
J a n . 1, 1 8 8 1 . - . . 346, 681, 016
J a n . l , 1 8 8 2 . . . 346, 681, 016
J a n . 1, 1 8 8 3 . . . . 346, 681, 016
N o v . l , 1 8 8 3 . - - . 346, 681, 016
Old
demand
uotes.
Fractional
currency.
$402, 965
392, 670
221, 632
159,127
128, 098
113, 098
101, 086
92, 801
84, 387
79, 637
72, 317
69, 642
65, 462
63, 532
62, 035
61, 350
60, 745
59, 920
59, 295
58, 800
$26, 344, 742
26, 000, 420
28,732,812
31, 597, 583
34, 215, 715
39, 762, 664
39, 995, 089
40, 767, 877
45, 722, 061
48, 544, 792
46, 390, 598
44,147, 072
26, 348, 206
17, 764,109
16,108,159
15, 674, 304
15, 523, 464
15, 451, 861
15, 398, 008
15, 366, 237
Notes
of n a t i o n a l
b a n k s , includ- A g g r e g a t e .
i n g gold
notes.
$176, 213, 955
236, 636, 098
298, 588, 419
299, 846, 206
299, 747, 569
299, 629, 322
306, 307, 672
328, 465, 431
344, 582, 812
350, 848, 236
354,128, 250
346, 479, 756
321, 595, 606
321, 672, 505
323, 791, 674
342, 387, 336
344, 355, 203
362, 421, 988
361, 882, 791
351,528,421
$635,
688,
707,
687,
690,
695,
702,
726,
748.
777,
782,
762,
714,
689,
686,
704,
706,
724,
724,
713,
515, 574
867, 907
819, 023
602, 916
091, 382
505, 084
403, 847
826; 109
947,167
874, 367
591,165
523, 690
064, 358
443, 922
642, 884
804, 006
620, 428
614, 785
021,110
634, 474
Gold
C u r r e n c y p r i c e of
p r i c e ot
$100
CUT^
$100 gold.
rency.
$144
144
133
133
135
120
110
109
112
110
112
112
107
102
100
100
100
100
100
100
25
50
00
25
00
00
75
50
00
25
50
75
00
87
00
00
00
00
00
00 .
$69
69
75
75
74
83
90
91
89
90
88
88
93
97
100
100
100
100
100
100
32
20
18
04
07
33
29
32
28
70
89
69
46
21
00
00
00
00
00
00
The act of June 20, 1874, provided that any natioual banking association might withdraw its circulating notes upon the deposit of lawful
money with the Treasurer of the United States in sums of not less than
$9,000. Since the passage of this act $154,424,641 of lawful money
have been deposited with the Treasurer by the national banks for the
purpose of reducing their circulation, and $120,156,646 of bank notes
have been redeemed, destroyed, aud retired.
246
REPORT ON T H E
FINANCES.
In thefollowing table* is shown, by States, the amount of circulation
issued and retired duriug tbe year ending November 1, 1883, and the
total amouut issued and retired since June 20, 1874:.
Circulation retired.
States and Territories.
Maine
New Hampshire
Vermont
Massachusetts
R h o d e l s l a n d .-Connecticut
New York
New Jersey
Pennsylvania
Delaware
Maryland
D i s t r i c t of C o l u m b i a .
Virginia
1
AVest V i r g i n i a
N o r t h (Jarolina
South Carolina
Georgia
Florida
Alabama.
Mississippi
Louisiaua
Texas
Arkansas
Kentucky
Tennessee
Missouri
Ohio
Indiana
Illinois
,
Michigan
Wisconsin
Iowa
Minnesota
Kansas
Nehraska
Nevada
Oregon
Colorado
Utah..--.
Idaho
Montana
Wyoming
N e w Mexico
Dakota
Washiugton
California, '' c u r r e n c y "
Arizona.,
$45, 00.9
67, 500
256, 500
861,720
180, 000
417, 200
1, 284, 220
372, 450
1, 339, 300
46, 800
43, 200
173, 250
13, 500
45, 000
45, OCO
22, 500
72, 000
45, 000
507,100
101, 260
1, 048, 550
90, 000
433, 990
2, 828, 000
791, 080
624,100
287, 990
134, 990
• 479,590
260, 090
249, 690
364 870
75,
69,
90,
22,
174,
155,
281,
11,
Total
S u r r e n d e r e d t o t h i s office a n d r e t i r e d .
Total
F r o m J n n e 20, 1874, t o O c t o b e r 31, 1882
S u r r e n d e r e d to t h i s office h e t w e e n s a m e d a t e s .
Grand total -
Circulation
issued.
Total.
Actof June
20, 1874.
$179, 300
39, 300
394, 700
2, 999,110
849, 300
1,187, 302
3, 949, 239
762, 723
2, 735, 000
32, 900
77, 900
19, 200
92, 800
52, 200
208, 800
104, 300
135, 640
73,000
45, 000
51, 650
14, 300
634, 489
55, 500
313, 001
951,174
657, 550
652, 603
464, 752
188, 950
236, 250
, 183, 786
53,100
129, 300
020
750
000
750
530
250
240
240
159, 702, 355
113,124
80, 875
427, 281
2,587
130, 728
813, 232
242, 590
671, 642
2,181
9,124
40, 825
10, 270
27, 880
23, 991
16, 611
80
9,505
11, 024
65
94, 554
45, 328
102, 076
, 110, 335
604, 713
303, 853
408, 939
157, 399
212, 467
113, 496
41, 078
1,985
J15
18, 685, 969
99, 461,185
118,147,154
$273, 686
152, 424
475, 575
3, 426, 391
851, 887
1,318,030
4,762, 471
1, 005, 313
3, 406, 642
32, 900'
80, 081
28,324
133, 625
62, 470 .
236, 680
104, 300
159,631
89, 611
80
54, 505
62, 674
14, 365
729, 043
100, 828
415, 077
2, 061, 5091, 262, 263
950, 45&
873, 691
346,349
448, 717
297, 282
94,178
. 131,285
115
35, 673
1,772
38, 973
1,772
27, 030
38, 280
29, 900
56, 40O
61, OOO
29, 900
56, 400
61, 000
14, 510, 200
14, 510, 200
145,192,155
Liquidating
hanks.
5, 988, 814
24, 674, 783
438, 097
5, 988, 814
20, 695, 460
25,112,880
120,156, 645
12, 959, 7ia
26,684,274
158, 229, 238
The amount of circulation issued to national banks for the year ending November 1, 1883, was $14,510,200, including $7,909,150 issued to
banks organized during the year. The amount retired during the year
was $25,112,880, and the actual decrease for the same period was
therefore $10,602,680 and the total outstanding on November 1, was
$351,264,803.
During the year ending November 1, 1883, lawful money to the
'amount of $22,349,420 was deposited with the Treasurer to retire circulation, of which amount $9,100,072 was deposited by banks in liquidation.
* In this table gold notes are excluded.
'247
COMPTEOLLER OF THE CURRENCY.
The amount previously deposited under the act of June 20, 1874, was"
$122,769,668; by banks in liquidation, $42,086,108, to which is to be
added a balance of $3,813,675 reniaining from deposits made by liquidating'banks prior to the passage of that act. Deducting from t\^e total
the amount of circulating notes redeemed and destroyed without reissue ($155,262,564), there remained in the hands ofthe Treasurer, on
November 1, 1883, $35,756,308 of lawful money for the redemption and
retirement of bank circulation.
The portion of lawful mouey on deposit by insolvent banks, by banks
in voluntary liquidation, and by banks reducing or retiring their circulation, on the first of each of the last five months, was as follows:
J u l y 1.
I
Insolvent bauks
Liqui dating b a n k s
R e d u c i n g u n d e r a c t of 1874
Totals
A u g u s t 1.
S e p t e m b e r 1.
O c t o b e r 1.
N o v e m h e r 1.
$966, 426
15, 335, 347
20, 998, 007
$966,134
14, 799, 959
20, 287, 957
$942, 024
14,150, 375
20, 880, 857
$860 651 1
13, 586, 763
22, 374, 087
^R.'^n 434
13, 220, 336
21, 685, 538
37, 299, 780
36, 054, 050
35, 973, 256
36, 821, 501
35, 756, 308
NATIONAL BANK AND L E a A L - T E N D E R NOTES BY DENOMINATIONS.
CIRCULATING NOTES OF T H E BANK OF FRANCE AND I M P E R I A L BANK OF GERMANY,
BY DENOMINATIONS.
In accordance with law, no national-bank notes of a less denomination
than five dollars have been issued since January 1, 1879, when the
amount outstanding was $7,718,747. Since that date the amountof
ones and twos issued by the banks has been reduced $6,791,747, leaving
the amount now outstanding $927,000, and during the same period
the legal-tender notes of these denominations have been increased
$17,075,827. The total increase of the amount of ones and twos outstanding in national-bank and legal-tender notes is $10,284,080.
The following table exhibits by denominations the amount of nationalbank and legal-tender notes outstanding on October 31, 1883, and the
aggregate amounts of both kinds of notes at the same periods in 1881
and 1882:
1882.
1881.
Aggregate.
Aggregate.
Aggregate.
$28, 068, 944
25,199, 955
• 165, 265, 065
194, 725,471
151,117, 959
47, 802, 645
65, 836, 690
15, 624, 500
12, 397, 500
2, 395, 000
230, 000
1883.
Denominations.
Ones
Twos
..
Fives
Tens
Twenties
Fifties . . . .
One h u n d r e d s
Five hundreds
One t h o u s a n d s
F i v e thousand's
Ten thousands
A d d for u n r e d e e m e d f r a g m e n t s
of n a t i o n a l - h a n k n o t e s
D e d u c t for l e g a l - t e n d e r n o t e s
d e s t r o y e d i n Chicago fire
Total
Nationalhank notes.
Legal-tender
notes.
$573, 768
353, 232
91, 523, 205
118, 317, 310
83, 084.160
23,265,300
32, 559,700
898, 000
185, 000
$30, 211, 497
27,156, 964
72, 994, 415
70, 958, 096
59, 298, 309
. 23,012,845
33, 431, 890
14, 997, 500
15, 244, 500
255, 000
120, 000
$30, 785, 265
27,510,196
164, 517, 620
189, 275, 406
142, 382,469
46, 278,145
65,991,590
15,895,500
15, 429, 500
255, 000
120, 000
+ 1 9 , 761
+ 1 8 , 233
+ 1 6 , 586
— 1 , 000, 000
— 1 , 000, 000.
- ^ 1 , 000, 000
— 1 , 000, 000
346, 681, 016
697, 460, 452
707,681,962
705,622,504
..
+ 1 9 , 701
350, 779, 436
$25, 793,171
23, 854, 366
168, 380, 062
196, 717, 671
152, 322, 503
46 441, 775
63,190, 370
14, 949, 500
12, 266, 500
2,430, 000
260, 000
248
REPORT ON T H E
FINANCES.
The amount of one and two dollar notes outstanding is slightly over
one-fourth of 1 per cent, of the whole circulation of the banks; the
fives constitute 26.1 per cent., the tens 33.7 per cent., the twenties 23.7
per cent., and the fifties and larger notes 16.2 per cent, of the entire
circulation.
'
Of the entire amount of national-bank, arid legal-tender notes outstanding, about 4.4 per cent, consists of one and two dollar notes.; more
than 31 per cent, of ones, twos, and fives; 59 per cent, is in notes of a
less denoniination than twenty dollars, and about 80 per cent, is in
notes of a lower denomination than fifty dollars. Qf the entire issue,
about 20 per cent, is in denominations of fifties, one hundreds, five hundreds, and one thousands. There are outstanding 51 legal-tender notes
ofthe denomination of five thousand, and 12 notes ofthe denomination
of ten thousand.
The following table ^' exhibits by denominations the circulation of the
Imperial Bank of Grermany on January 1, 1883, in thalers and marks,
which are here converted into our currency:
Thalerg.
Number
of n o t e s .
80
. 2,130
1,667^
8,492
8, 848^
V a l u e of
each note
in dollars.
Denominations.
500
100
50
25
10
Marks.
thalers.
thalers.
thalers.
thalers..
thalers.
375
75
37
18
7
A m o u n t in
dollars
N u m h e r of
(Thaler =
notes.
75 cents.)
00
00
50
75
50
30, 000
• 159,750
62, 531
159, 225
66, 363
253, 684^
158,199
4, 964, 349
477, 869
5, 376, 232^
21, 218
Denominations.
V a l u e of
each note
i n dollars.
1, 000 m a r k s .
500 m a r k s .
100 m a r k s .
250
125
25
A m o u n t in
dollars
(Mark=25
cents.)
63,421,125
19, 774, 875
124,108,725
207 314 725
The circulation of the Imperial Bank of Germany on January 1,1882,
was $214,359,750, showing a decrease of $7,045,015 duriug the following
year; on January 1,1879, the circulation was $165,933,942, showing an
increase during the four years preceding January 1,1883, of $41,380,793.
The following tablet gives the pirculation of the Bank of France and
its branches, wdth the numberof notes and the denominations in francs
and in dollars on January 25, 1883:
Denominations.
Francs.
N u m b e r of n o t e s .
5
1, 263, 286
624,757
2, 752
10,812,234
4, 725,149
22, 864
196, 473
176, 624
1,212
5, 000
1, 000
500
200
.
25
20
5
F o r m s o u t of d a t e .
17, 825, 356
V a l u e of e a c h n o t e
A m o u n t in francs.
in dollars.
1, 000
200.
100
40
20
10
5
4.
1
A m o u n t in>dollars
( F r a n c = 20 c e n t s . )
25, 000
1, 263, 286, 000
312, 378, 500
550, 400
1, 081, 223, 400
236, 257, 450
571, 600
3, 929, 460
883,120
423,200
5,000
252, 657, 200
62, 475, 700
110, 080
216, 244, 680
47, 251, 490
114, 320
, 785, 892
176, 624
84 640
2, 899, 528,130
579, 905, 626
The amount of circulation of the Bank of France on January 26,1882?
was 2,852,316,675 francs, or, say, $570,463,335, showing an increase
* London Bankers' Magazine, Augnst, 1883, p. 756.
t London Bankers' Magazine, Septeniber, 1883, p . 878.
249
COMPTROLLER OF THE CURRENCY.
of 47,211,455 francs, or $9,442,291 between that time and January 25,
1883, the date of the foregoing table, and, since January 30, 1879, an
increase of 608,557,300 francs, or $121,711,460.
It wdll be seen that the Imperial Bank of Germany has in circulation
no notes of a less denomination than seven dollars and a half (ten thalers), and issues none of less than twenty-five dollars (one hundred
marks); and that the Bank of France issues but little over a million of
a less denomination than ten dollars. The Bank of England issues no'
notes of less than £5, or twenty-five dollars; and the Irish and Scotch
banks none of less than £ 1 , or five dollars.
REDEMPTION.
Since the passage of the act of June 20, 1874, section 3 of which
requires the banks at all times to keep on deposit in the Treasury five
per centum of their circulation as a redemption fund, that fund as a
rule has been maintained, and circulating notes of the banks have been
promptly redeemed at the Treasury without expense to the Governnient.
The following table exhibits the ambunt of national-bank notes received monthly, for redemption, by the Comptroller of the Cjirrency
during the year ending October 31,1883, and the amount received during the same period at the redemption agency of the Treasury, together '
with the total amount received since the passage of the act of June 20,
1874:
. •
-^^^
R e c e i v e d b y t h e C o m p t r o l l e r of t h e C u r r e n c y .
Months.
From
From
national banks redemptiou
for r e i s s u e
a g e n c y for reor s u r r e n d e r .
issue.
1882.
Novemher
Decemher
1883
January
Fehruary
March
April
May
June
July
August
September
Octoher
Total
R e c e i v e d from
J u n e 20,1874, t o
O c t o h e r 31,1882.
Add amount not
heretofore i n eluded h y t h e
agency, i n t h e
montlilyrec'pts.
Grand total.. •
$32, 017
51, 910
$5, 300,100
5, 246, 900
25, 400
78, 600
39, 500
27, 810
26, 630
41, 620
43, 740
18, 550
46, 690
48, 730
4, 710, 900
4,926,400
5, 556, 300
3, 631, 600
5, 784, 600
7, 347, 800
5, 204, 400
6, 453, 800
4, 091, 500
5, 458, 900
481,197
63, 713, 200
13, 956, 699
487, 740, 455
Notes
of n a t i o n a l
b a n k s in
liquidation.
$559, 928
550, 356
Under
a c t of J u n e
20,1874.
Total
Received at
the redemption agency.
$1, 429, 578
1, 538,146
$7, 321, 623
7, 387, 312
$7,435,077
9, 071,182
1, 555,180
1, 883,157
1, 642, 0.55
1,128, 705
1, 621, 075
2, 206, 852
1, 382, 620
1, 670, 650
1,112,250
1, 438, 200
6, 575, 865
7,402,861
7, 964, 793
4, 905,174
8, 279, 408
10, 283, 609
7, 082, 835
. 8,724,368
5, 584,151
7, 413, 472
11 611 520
7, 534, 232
7, 874,134
8, 273, 570
12,134 950
12, 606, 689
9, 250, 942
8, 422,156
7,387, 227
8, 569, 201
6,122, 606
18, 608, 468
88, 925, 471
110,170, 880
20, 570, 468
99, 725, 686
621, 993, 308
1,184, 674, 058
26, 693, 074 108, 334,154
710, 918, 779
1, 311, 907, 679
284, 385
514, 704 •
726, 938
117, 059
847,103
687, 337
452, 075
581, 368
333,711
467, 642
•
17 062 741
14, 437, 896
551,453, 655
From the passage of the act of June 20, 1874, to November 1,
1883, there was received at the redemption agency of the Treasury
$1,311,907,679 of national-bank ctirrency for redemption. During the
year the receipts amounted to $110,170,880, of which amount $39,957,000,,
or about°36.3 per cent., was received from banks iu the city of New
York, and $19,081,000, or about 17.3 per cent., from banks in the city
of Boston. The amount received from Philadelphia was $7,334,000;
from Ohicago, $6,245,000; Oinciunati, $1,810,000; Saint Louis, $1,376,
250
REPORT ON T H E
FINANCES.
000; Baltimore, $1,809,000; Providence, $1,676,000; Pittsburgh, $915,000. The amount of notes fit for circulation, returned by the redemption agency to the banks of issue during the year was $20,785,100,
being an increase over last ye^ar of $16,768,000.
The total amount received by the Comptroller of the Ourrency for
destruction from the agency and from the banks direct, was $64,194,397.
Of this amount $6,299,545 w^ere the issues of banks in the Oity of
New York, $9,104,400 of banks in Boston, $2,973,000 of Philadelphia,
$2,644,440 of Providence, $1,538,800 of Baltimore, $1,574,000 of Pittsburgh, $653,300 of Oinciunati,'$738,304 of Louisville, $432,200 of
Albany, $444,100 of Kew Orleans, and of each of the other principal
cities less than $400,000.
The following table exhibit the number and amounts of national-bank
notes of each denomination, which have been issued and redeemed
since the organization of the system, and the number and amount outstanding QU November 1,1883:
Numher.
Amount.
Denominations.
Issued.
Ones
Twos
Fives
Tens
Twenties
Fifties
One h u n d r e d s
Five hundreds
One t b o u s a u d s
P o r t i o n s of u o t e s l o s t or
destroyed
Total
Redeemed.
23,167, 677 22, 593, 909
7, 747, 519
7, 570, 903
83, 447, 208 65,142, 567
34,544,086 ' 22, 712, 355
10, 578, 846
6, 424, 638
1, 556, 009
1, 090, 703
1,114, 722
789,125
21, 367
23,163
7,092
7,277
162,186, 507 126, 352, 659
Outstanding.
573, 768
176, 616
18, 304, 641
11, 831, 731
4,154,208
465, 306
325, 597
1,796
185
Issued.
$23,167, 677
15, 495, 038
417, 236, 040
345, 440, 860
211,576,920
77, 800, 450
111,472,200
11, 581, 500
7, 277, 000
Redeemed.
$22, 593, 909
15,141, 806
325, 712, 835
227,123, 550
128, 492, 760
54, 535,150
78, 912, 500
10, 683, 500
7, 092, 000
Outstanding.
$573, 768
353, 232
91 523 205
118, 317, 310
83, 084,160
23, 265, 300
32, 559, 700
898, 000
185, 000
- 1 9 , 761
+ '.9,761
3.5, 833, 848 1, 221, 047, 685 870, 268, 249
350, 779, 436
A table showing the number and denomination of national bank notes
issued and redeemed, and the number of each denomination outstanding on November 1, for the last fifteen years, will be found in the Appendix.
The following table exhibits the amount of national bank notes received at this office and destroyed yearly since the establishment of
the system:
Prior to November 1, 1865
>...
Dnring the year ending October 31,1866
Dnring the year ending October 31,1867
Dnring the year ending October 31,1H68
During the year ending October 31,1869
Dnring the year ending October 31,1870
Daring the year ending October 31,1871
Dnring the year ending October 31,1872
During the year ending October 31,1873
During the year ending October 31,1874
During the year ending October 31,1875
D u r i n g t h e y e a r endin^r October 31,1876
. Duriug the year ending October 31,1877
During the year ending October 31,1878
Dnring the.year ending October 31,1879
During the year ending October 31,1880
During fche year ending October 31,1881
During the year ending October 31,1882
During t h e year ending October 31,1883
Additional ainount of notes of national banks in liquidation
Total
-.
$175,490
1, 050, 382
3,401,423
4,602, 825
8,603,729
14, 305,689
' 24,344,047
30,211,720
36, 433,171
49,939,74f
137,697,696
98,672,716
76,918,963
57, 381,249
41, lO'l, 830
35,539, 660
54,941,130
74,917,611
82,913,766
37,115,410'
870,268,248
251
COMPTROLLER OF THi: CURRENCY.
RESERVE.
The following table exhibits the amount of net deposits, and the reserve required thereof by the act of June 20, 1874, together with the
amount and classification of reserve held by the national banks in New
York Oity, in the other ^reserve cities, and by the rernaining banks, at
the dates of their reports in October of each year from 1875 to 1883:
N E W YORK C I T T .
Reserve held.
Classification of r e s e r v e .
Numb e r o f N e t de- R e s e r v e
posits. required.
O t h e r law- D u e from R e d e m p - '
hanks.
A m o u n t . R a t i o t o Specie.
ful m o n e y . a g e n t s . t i o n f u n d .
deposits.
Millions.
O c t o b e r l , 1875.
O c t o h e r 2,1876.
O c t o b e r l , 1877.
O c t o h e r 1,1878.
O c t o b e r 2,1879.
O c t o b e r l , 1880.
O c t o b e r l , 1881.
O c t o b e r 3,1882
O c t o h e r 2,1883
48
47
47
47
47
47
48
50
48
202.3
197.9
174.9
189. 8
210.2
268.1
268.8
254.0
266.9
Millions.
50.6
49.5
43.7
47.4
52.6
67.0
67.2
63.5
66.7
Millions.
P e r cent.
60.5
60.7
48.1
50.9
53.1
70.6
62.5
64.4
70.8
29.9
30.7
27.5
26.8
25.3
26.4
23.3
25.4
26.5
Millions.
5.0
14.6.
13.0
13.3
19.4
58.7
50.6
44.5
50.3
Milli07is
Millions.
Millions.
1.1
0.8
0.8
1.1
1.1
0.9
1.0
1.0
^ 0.9'
54.4
45.3
34.3
36.5
32.6
11.0
10.9
18.9
19.7
OTHER RESERVE CITIES.
October
October
Octoher
Octoher
October
Octoher
October
Octoher
Octoher
1,1875.
2,1876.
1,1877.
1,1878.
2,1879.
1,1880.
1,1881.
3,1882.
2,1883.
188
189
188
184
181
184
189
193
200
223.9
217. 0
204.1
199.9
228.8
289.4
335.4
318.8
323.9
56.0
54.2
51.0
50.0
57.2
72.4
83.9
79.7
81.0
74.5
76.1
67.3
71.1
83.5
105.2
100.8
89.1
100.6
33.3
35.1
33.0
35. 6
36.5
36.3
30.0
28.0
31.1
37.1
37.1
34.3
29.4
33.0
25.0
21.9
24.1
30.1
32.3
32.0
24.4
29.1
35.7
48.2
40.6
33.2
40.8
1.6
2.7
4.2
8.0
11.5
21.2
27.5
30.0
31.2
33.7
31.0
31.6
31.1
30.3
28.3
27.1
30.0
30.8
53.3
55.4
48.9
.56.0
71.3
86.4
92.4
80.1
84.1
11.5
10.8
10.7
11.0
11.2
11.3
11.4
11.3
11.3.
8.1
21.3
22.8
30. 7
42.2
108.2
112.7
102.8
107.8
125.2
113.^
. 100.^
97.0
,95.9
64.3
59.9
72.0
80.6
85.6
87.4
73.3
85.1
107.0
134.6
133.0
113.3
124.9
16.214.6.
14.5
15.3
15.8
15.9'
16.il
15.8
15.6.
1.5
4.0
5.6
9.4
11.3
28.3
34.6
28.3
26.3
.
3.6
3.0
3.0
3.2
3.5
3.7,
3.7.
3.5
3.4
STATES AND TERRITORIES.
O c t o h e r 1,1875.
O c t o h e r 2,1876.
O c t o b e r l , 1877.
O c t o b e r l , 1878.
O c t o b e r 2,1879.
O c t o b e r 1,1880
O c t o b e r l , 1881.
O c t o h e r 3,1882.
O c t o b e r 2,1883.
1,851
1, 853
1,845
1,822
1,820
1,859
1,895
2,026
2,253
307.9
291. 7
290.1
289.1
329.9
410.5
507.2
545.8
577.9
46.3
43.8
43.6
43.4
49.5
61.6
76.1
81.9
86.7
100.1
99.9
95.4
106.1
124.3
147.2
158. 3 N
150. 4
157.5
32.5
34.3
32.9
36.7
37.7
35.8
31.2
27.5
27. 2
SUMMARY.
O c t o b e r l , 1875.
O c t o b e r 2,1876.
O c t o h e r 1,1877.
O c t o h e r 1,1878.
O c t o h e r 2,1879.
O c t o h e r 1,1880.
O c t o h e r 1,1881
O c t o h e r 3,1882.
O c t o h e r 2,1883.
2,087
2,089
2,080
2, 053
2,048
2,090
2,1^2
2,269
2,501
734.1
706.6
669.1
678.8
768.9
968.0
1, 111. 6
1,118. 6
1,168. 7
152.2
147.5
138.3
140.8
159.3
201.0
227.2
,225.1
234.4
235.1
236. 7
210. 8
228.1
260. 9
323.0
321.6
303.9
328.9
32.0
33.5
31.5
33.6
33.9
33.4
28.9
27.2
28.1
252
REPORT ON T H E
FINANCES.
The following table, compiled from returns made to the clearing-house
by the national banks in New York Oity, exhibits the movement of their
reserve, weekly, during October, for tlie last eight years:
Ratio of reserve t o Week ending—
Specie.
Legal tenders.
Total.
Circulation and. Deposits.
deposits.
Per cent. Fer cent.
Octoher 7,1876
October 14, 1876.
Octoher 21,1876
Octoher 28,1876.
Octoher 6,1877
Octoher 13,1877.
Octoher 20,1877.
'October 27,1877.
Octoher 5,1878.
•Octoher 12,1878.
Octoher 19,1878
•Octoher 26,1878.
•Octoher 4,1879.
•October 11,1879
'October 18,1K79.
October 25,1879.
•October 2.1880.
"October 9,1880
October 16,1880.
•October 23,1880.
•Octoher 30, 1880.
October 1,1881.
October 8,1881.
Octoher 15,1881.
Octoher 22,1881.
•October 29,1881.
October 7,1882.
Octoher 14,1882.
Octoher 21,1882.
October 28,1882.
-October 6,1883.
October 13,1883.
•October 20,1883.
•Octoher 27,1883.
17, 682, 600
16, 233, 600
15, 577, 500
14, Oil, 600
14, 605, 600
14, 726, 500
14, 087, 400
15, 209, 000
14, 995, 800
12,184, 600
13, 531, 400
17, 384, 200
15, 979, 600
20, 901, 800
24, 686, 500
25, 636, 000
59, 823, 700
62,521,300
62, 760, 600
60, 888, 200
61, 471, 600
54, 954, 600
53, 287, 900
51, 008, 300
54, 016, 200
55, 961, 200
47,016,000
48, 281-, 000
49, 518,. 200
48, 374, 200
51, 586, 700
50, 894, 000
47, 262, 900
46, 372, 800
45, 535, 600
43, 004, 600
41, 421, 700
41, 045, 600
36,168, 300
35,178, 900
35,101, 700
34, 367, 800
38, 304, 900
37, 685,100
36, 576, 000
35, 690, 500
34, 368, 000
32, 820, 300
29, 305, 200
26, 713, 900
11,129.100
10, 785; 000
10, 939, 200
10, 988, 200
10, 925, 000
12,150, 400
12,153, 800
12, 452, 700
12, 496, 500
12, 947, 900
18, 384, 500
18, 002, 700
17, 023, 900
17, 204, 700
20,122, 500
21,145, 800
20, 719, 700
20, 617, 600
63, 218, 200
59, 238, 200
56, 999, 200
55, 657, 200
50, 833, 900
49, 905, 400
49,189,100
49, 576, 800
53, 300, 700
49, 869, 700
50,107, 400
53, 074, 700
.53, 347, 600
53, 722,100
53. 991, 700
52, 349, 900
70, 952, 800
73, 306, 300
73, 699, 800
71, 876, 400
72, 396, 600
67,105, 000 '
65, 441, 700
63, 461, 000
66, 512, 700
68, 909,100
°65, 400, 500
66, 283, 700
66, 542,100
65, 578, 900
71, 709, 200
72, 039, 800
67, 982, 600
66, 990, 400
30.5
28.8
27.8
28.0
27.0
26.7
26.5
26.8
25.7
24.4
24.7
•2.5.8
23.3
23. 4
23.5
23.0
25.4
25.4
25.5
24.9
25: 0
23.1
23.1
23.2
24.6
25.6
24.0
24.7
25. 0
24.8
25.5
25.4
24.5
24.5
32.4
31.1
30.0
30.3
29.5
29.2
29.0
29.4
,28.4
27.0
• 27.3
28.5
25.8
25. 9
26.125.5
26.4
27.2
27.1
26.6
26.7
24.8
24.9
25.0
26.6
27.4
26.3
26.6
26.8
26.5
27.0
26.8
25.9
25.9
Tables will be found in the Appendix, exhibiting the reserve of the
national banks as shown by their reports, from October 2,1874, to Octo, ber 2,1883 j the reserve by States and principal cities for October 2,1883 j
and in the States and Territories, in New York Oity, and in the other
reserve cities, separately, at three dates in each year, from 1878 to 1883.
APPENDIX.*
Special attention is called to the synopsis of judicial decisions contained
in the Appendix, to the numerous aud carefully prepared tables in both
report and Appendix, and to the index of subjects and list of tables to be
found on page LIX. A t the end of the full volume of more than eight
hundred pages is an alphabetical list of the cities and villages in which
the national banks are situated.
In concluding tbis report the Oomptroller gratefully acknowledges
the industry and efficiency of the officers and clerks associated with
him in the discharge of official duties.
JOHN J A Y KNOX,
Gom'p troller of the Currency.
Hon.
J O H N O . OARLISLE,
Sjpealier of the House of Eepresentatives.
*The appendix, which is omitted for want of space, m-iy be fonnd in.the bound
volumes of the Comptroller's report.
REPORT OF THE DIRECTOR OF THE MINT.
253
REPORT
OF
THE DIRECTOR OF THE MINT.
TREASURY DEPARTMENT,
B U R E A U OF T H E M I N T ,
October 20, 1883.
S I R : In obedience to the requirements of the Eevised Statutes, I have
the honor to submit my fifth annual report showing the operations of
the mints and assay offices of the United States during, the fiscal year
ended June 30, 1883, and the present condition of the coinage and
metallic circulation, being the eleventh anuual report of tbe IJirector of
the Mint since the creation of tbis Bureau.
*.
Tbe general work of the year in the receipt of gold bullion fell off
from that of the previous year, but the silver bullion received for manufacture into bars and procured for coinage slightly increased.
The imports of foreign coin and bullion were about $20,000,000 less
than during the previous year, and occasioned the diminished receipts
at the mints.
Of domestic bullion there was an increase of $1,180,000 over that deposited in 1882. The bullion requiring to be parted or refined contained less gold but nearly a half million dollars more silver than similar bullion deposited during the preceding year. Besides the coinage
of gold for depositors, which has been continued at all the mints, and
of the regular monthly coinage of silver dollars, as required by the act
of February 28,1878, it was found necessary to coin, for the convenience
of the public, a considerable amount of dimes and also of minor coins.
In supplying the latter the Philadelphia Mint has been taxed to its full
capacity.
The mints and assay offices, except those at Saint Louis and Ohaiiotte,
were visited during or shortly subsequent to the close of the fiscalyear,
and their accounts and methods of conducting business, and recording
and reporting official transactions, were examined and generally found
satisfactory, although some of the mints, particularly those at Philadelphia and Denver, are hampered and their efficiency impaired by the
want of sufficient facilities for operating upon the bullion received and
for performing the work required of them by the demands of the public.
DEPOSITS AND PURCHASES.
The deposits of gold bullion aud coin were $46,347,106.05, and of silver, including purchases, $36,869,834.65. In addition to these amounts
$2,798,453.11 in gold and $1,742,760.24 in silver, which had been deposited and made into bars at one institution, were re-deposited for coin,
fine bars, or on purchase account at another, making the whole amounts
received and operated upon $49,145,559.16 of gold and $38,612,594.89
of silver, a total of $87,758,154.05.
255
256
REPORT ON THE FINANCES.
COINAaE.
The coinage executed during the year was as follows:
Description.
Gold
Silver
'
Total
.;...
....
Pieces.
Value.
2,407,022
35, 308, 076
60, 951, 526
$35, 936, 927 50
28, 835, 470 15
98, 666,624
66,200,704 81
1 AOO q n ? 1ft
Although the value of the coinage was over fifty-one and a half millions less than in the preceding year, the number of pieces struck was
greater by about eleven and a half millions than in any fiscal year since ,
the organization ofthe Mint Bureau.
Of $28,163,945 gold coinage executed at the mints at San Francisco
and Oarson, $27,5i3,220 were coined into double eagles, that denomination being desired by depositors of bullion at those mints, and of ,the
gold coinage, $7,729,982.50, at the mint at Philadelphia, $7,693,425 were
in eagles and half eagles.
The coinage of silver dollars was $28,111,119. On account of the slight
demand'for this coin in the Pacific States and Territories and of the
large amount, over $40,000,000, held in the mint and Assistant Treasurer's office at San Francisco, it was deemed advisable to.execute as
large a portion of the silver dollar coinage as possible at the mints
at Philadelphia and New Orleans. These mints, therefore, coined
$19,641,119, and those at San Francisco and Carson $8,470,000.
The number of dimes in the offices of the Treasurer and Assistaut
Treasurers of the United States having become reduced to 1,844,030
pieces, which would not be sufficient for any considerable length of time
to supply the demand for coins of that denomination, the superintendent ofthe Philadelphia Mint was authorized, on the 25th day of August,
1882, to resume their coinage and at the close of the year had struck
$717,511.90, and delivered to the public coins to the value of $697,816.90.
For both the one-cent bronze and five-cent copper nickel coins the demand from the public continued to be pressing. The amount ofthe latter held in the Treasury had become reduced from 23,685,059 pieces in
September, 1879, to 1,598,331 pieces on the first of December, 1882, and
ywas less than the requirements of the public upon the mint for this coin
for a single month. I t seeming probable that the coinage of a considerable number of
these coins would be required, the superintendent of the Philadelphia
Mint believed it to be a favorable opportunity for issuing a coin more
artistic in its appearance and execution, having the same weight but an
increased diameter, and more nearly complying, as to devices and
legends, with the requirements of the law.
Specimen coins were accordingly prepared by him and submitted to
the Director of the Mint and the Secretary of the Treasury, and on the
8th of January, 1883, he was authorized to issue coins of the weight,
size, and having the devices proposed.
During the year 20,455,488 pieces of the five-cent coin, valued at
$1,022,774.40 were struck, and of bronze cents 40,467,400 pieces, of the
nominal value of $404,674.19. The metal for the last-named coin is
purchased in the form of planchets or blanks ready for striking, thus
relieving the Mint of the labor of handling the metal in the various
operations of melting, rolling, punching, etc., and enabling it to execute a much greater amount of coin.
.^
"
DIRECTOR
OF T H E
257
MINT.
BARS.
During the past year gold bars were manufactured to the value of
$18,269,205.26, and silver bars $8,050,602.10. The principal part of
this work was done at the assay ofifice at New York, which prepared
for depositors, fine, standard and sterling gold bars to the amount of
$13,791,053.36, and of bars for transmission to the Mint $2,195,293.37.
Of fine silver bars $6,433,097.08 were paid to depositors at the same
office. The total value of all the gold and silver bars made during the
year was $26,319,807.36.
The assay office at New York held the following amouuts of gold and
silver bars at the beginning and close of the fiscal year:
B a r s a t t h e N e w T o r k a s s a y office.
J u l y 1,1882:
Eine bars
Mint bars
Standard bars
.. . . . . . . . . . . . .
J n n e 30,1883:
Fine bars
Standard bars
Sterling bars . . . .
.........
Mint bars
Gold.
..............
...
.
-.
S t a n d a r d ozs.
126,784.468
858, 356. 956
S t a n d a r d ozs.
189, 706.45
130, 796. 65
11,191.53
275, 849. 301
12, 876. 284
77, 066. 236
1,019,821.937
266,030.36
1, 585. 92
....
......
Silver.
95, 944.11
BARS EXCHANGED FOR COIN.
Under the provisions of the act of May 26,1882, which authorized the
exchange of gold bars at the coinage mints and New York Assay Office
for gold coin, the assay office a t New York received gold coin and paid
in exchange gold bars to the value of $5,173,965.22, and the mint at
Philadelphia $187,541.07.
Of the bars exchanged at Philadelphia, the whole amount was for
manufacturing purposes, and of those exchanged by the New York
Assay Office $3,227,710 were for export, and $1,946,255 for use in the
arts and manufactures.
PARTING AND iaEFINING.
The amount of bullion parted and refined at the mints and assayoffice at New York was nearly a half million dollars in excess of that
operated upon duriug the previous year, and resulted from increased
receipts at the mint at Oarson.
The following table shows the gross ounces of bulh'on parted by the
nse of acid at those institutions which are provided with acid refin-^
eries and the ounces of standard gold and silver resulting from the
operation:
OUNCES.
M i n t or a s s a y office.
•Philadelphia
•SanFrancisco
«Carson
N e w Orleans
NewYork
. .. .....
.
.'
Total
Q 7 Q n Tn
17.
Gross.
S t a n d a r d gold.
S t a n d a r d silver.
469, 800. 57
0,068,881.69
1,134, 781.18
10, 022. 84
5, 037, 228. 00
100,420.940
484,810.514
83,818.630
3, 239. 227
526, 628. 000
396,114.63
5,619 934:05
1,108, 070.14
5, 436. 92
4, 286, 065. 00
,12,720,714.28
1,198, 917. 311
11,415,620.74
258
REPORT
ON T H E
FINANCES.
VALUE.
Gold.
M i n t o r a s s a y office.
Philadelphia
San Francisco
Carson
\
N e w Orleans
New York
'.
.
.
.........
Total
-
Silver.
| 1 , 868, 296 55
9, 019, 730 49
1, 5,59, 416 37
60, 264 69
9, 797,730 24
$460, 933 38
6, 539, 559 62
1, 289, 390 71
6, 326 60
4, 987, 421 09
• 22, 305, 438 34
13, 283, 631 40
Total. •
$2,329,229
15,559,290
2,848,807
66,591
14,785,151
9S
li
0&
2^
33
35, 589, 069 74
DIES AND MEDALS.
Ooin age and medal dies are manufactured only at the mint at Philadelphia, and those required for coinage at the other mints are supplied
from that mint. During the year 2,348 dies were made, of which 138
were for the coinage of gold, 460 for silver, 1,695 for minor coins, 40
for proof coins, and 15 for medals.
The number of fine gold medals sold was 86^ of silver 1,016, and of
bronze 5,787, a total of 6,889 5 and of proof sets of gold 36, of silver
1,048,, and of the minor coins 4,946.
SILVER
PURCHASES AND COINAGE.
On the 1st of July, 1882, the coinage mints had on hand of silver
bullion belonging to the Government, and excluding silver bullion due
depositors, 2,703,222.60 ounces at standard fineness, costing$2,791,763.04.
The purchases and deliveries during the fiscal year 1883 of similar bullion for the coinage of standard dollars, including bullion parted, retained
in payment of charges, and surplus returned by officers on settlement^
were 25,432,490.27 ounces, at a'cost of $25,577,327.58, and were received
at the several mints as follows:
Mint at which delivered.
Standard
ounces.
Value.
Philadelphia.
San Francisco
New Orleans,
©arson
10,489,110. 92 $10, 567, 302 52
6, 515, 900. 28 6, 552, 439 57
7, 330, 304. 60 7, 360, 513 93
1, 097,174. 47 1,097,071 56
Total ..
25, 432, 490. 27 25, 511, 327 58
The average cost was $1.0056949 per ounce of standard fineness and
$1.11743885 per ounce fine. The average London price for silver, 925fine (British standard), during the year was 51^2^^^^ pence, rating exchange at par ($4.8665) equal to $1.11826 per ounce fine, and the average New York price was $1.11889 per ounce fine.
Of the silver bullion on hand at the commencement of and procured
during the year for coinage under the act of February 28, 1878^
24,157,992.92 standard ounces costing $24,409,787.22 were consumed in
the coinage of standard dollars, and 40,839.85 standard ounces costings
$40,510.35 were wasted by operative officers and sold in sweeps, leaving
a balance on hand June 30, 1883, available for silver dollar coinage of
3,936,880.10 standard ounces costing $3,918,793.05. '
An appropriation, having been made b y Oongress to reimburse the
Treasurer for the loss ou the recoinage of uncurrent aud mutilated silver
DIRECTOR OF THE MINT.
^
.
2.'lij
coin ill the Treasury, on the 25th of August, 1882, the Secretary of t h e
Treasury directed the trausfer of the silver three-cent pieces then in the.
Treasury to the mint at Philadelphia aud their coinage into dimes.
Subsequently the Secretary ordered the other denominatiohs of uncurrent and mutilated silver coins to be transferred from the Treasury to
the mint for similar coiuage. The amount during the fiscal year was
470,201.28 standard ounces, Avhich was carried in the accounts at its
subsidiary coining value, $585,009.38.
Of the bullion resulting from the melting of these coins 468,137.76;
ouuces, valued at $582,442, were used in coining dimes, leaving a balance
ou band at the Philadelphia Mint of silver transferred for recoinage
2,063.52 standard ounces, valued at $2,567.38. There were also procured
from the New York Assay Office by transfer to the Pbiladelphia Mint,,
for the coinage of fractional silver under the provisions of section,
3526 of tbe Eevised Statutes, 130,796.65 standard ounces, valued a t
$152,199.74. This silver was a part of the accumulations in previous
years from the retention of silver bullion in payraent of charges, and of
fractions contained in bullion due but not delivered to depositors, t h e
value being paid for in coin.
The Philadelphia Mint also, with my approval, applied and carried,
into the same account of silver procured for the subsidiary coinage the
bullion resulting from coins melted at the annual assay 359.39 standard
ounces, rated at its coining value $447.14, rhaking a total of 131,156.64standard ounces, costing the Mint $152,646.88, of which 114,059.47 staudard ounces, costing $132,748.91, were consumed in the coinage of dimeSj,.
leaving a balance of 17,096.57 standard ounces, costing $19,897.97.
The total balance of silyer bullioin on hand at the mints June 30,1883^.
was composed as follows:
Silver bullion.
For standard dollar coinage
For subsidiary silver coinage
For recoinage
Total
Standard ounces.
,
•
Cost.
3, 936. 880.10 $3, 918, 793 0'5^
2, 063. 52
2, 567 3S>
17, 096.57
19,897 9T
3, 956, 040.19
3, 941, 258 4^
The deliveries of silver bullion for the standard dollar coinage have
averaged over $2,000,000 worth per month, and have fallen below t h a t
amount but twice in the year. These deficiencies were occasioned by
failures to deliver duriug the month the silver purchased.
As sellers of silver bullion are allowed ten days from the date of sale '
within which to make delivery, it is practically impossible to secure in
every month $2,000,000 worth without the liability of largely exceeding
that limit in some subsequent mouths and that average for the year.
The statement showing tbe amount purchased duriug the year and its
cost gives an average purchase of $2,131,444 worth per month.
A statement in continuation of a similar table contained in my last
report will be found in the appendix giving the number of ounces a t
standard and the cost of the silver bullion purchased and received at
the Mint for the coiuage of silver dollars from January 1,1882, to J u n e
30, 1883. During that period 36,227,336.16 standard ounces, costing
$36,692,627.92, were purchased and received, and 41,874,919 silver dollars coined. This and the previous statement show the purchase of
128,782,187.25 standard ounces, costing $131,811,776.28, and the coinage of 147,255,899 silver dollars. The table in the report for 1882 includes not only bullion purchased but also parted and received for
charges at the New York Assay Office, of wbicb, however, the partings
260
'
REPORT ON THE FINANCES.
and receipts for charges for the calendar year 1881 still remain in that
office.
The tale value and denominations of the uncurrent silver coins transferred for re-coinage during the year were:
) Three-cent pieces
Five-ccDt pieces
Twenty-cent pieces
Mixed coins...
Foreign coins
r--.'.-,
-*
:
,
Total..
$88,808
326,507
100,016
98, 069
5,79d
16
o5
00
04
15
619,198 90
The loss upon which by recoinage was $34,698.36.
P R O F I T S ON SILVER COINAaE AND T H E I R DISPOSITION.
The balance to the credit of the silver-profit fund on hand June 30,
1882, was $807,075.79; the profits on the coiuage of standard dollars
during the year were $3,701,331.78; on iractional silver, $9,160.24; aud
the Adams Express Oompany refunded for overpayments prior to 1879
on transportation of silver coin $9,178.81, making the total to tbe
credit of the silver-profit fund $4,526,746.45. From this fund $73,189.45
were paid during tbe year for the expenses incurred in transmitting
silver coin, and $23,996.45 were paid for wastage and bulliou sold in
sweeps. Tbe quarterly accounts of the mints show the deposit during
theyear of $3,150,964.06 in the Treasury, and a balance in the mints on
the'30th of June, 1883, of $1,278,596.59; of this amount, however, a
^deposit was made June 27,1883, with the Treasurer of the tTuited States
and certificate issued in favor of the superintendent of the San Francisco Mint for $250,839.86, reducing the balance to be accounted for by
that mint from $451,104.40 to $200,264.54; but notice did not reach the
Ban Francisco Mint until after the 30th of June, 1883, and the amount
was not entered in the accounts of that mint as deposited until the suciceeding quarter.
The remaining balance, $1,027,756.73, has been deposited in the
Treasury, as follows:
Mint.
'Carson...
Philadelphia
San Francisco
!N^ew O i i e a n s
..
-
-
D a t e of d e p o s i t .
-
S e p t e m b e r 15,1883
S e p t e m b e r 29,1883
S e p t e m b e r 29,1883
October
5,1883
Balance.
$80, 889
422 757
200 '^64
323, 844
73
94
54
52
1, 027, 756 73
As inquiries had been made in relation to the profits on the coinage
of silver since the passage of the act of February 28, 1878, authorizing
the coinage of the standard silver dollar, and as the statements published in the previous annual reports would not show the actual profits
on the coiuage of the respective years, the profits having been computed
under former instructions and regulations upon the silver purchased,
and not upon that coined, although well satisfied that all of the protits
had been properly accounted for, I caused an examination to be made
of the quarterly accounts of the coinage mints from the 1st of July,
1878, to the 30th of Juue, 1881, for the purpose of ascertaining the exact
amount of silver purchased and acquired, available for coinage, tbe
profits on the actual coiuage to that date, and their disposition. The
result of this examination was embodied in the series of statements
forwarded to you on the 22d of December, 1881, with a request that you
would have them verified.
DIRECTOR OF THE MINT.^
.
261
In accordance with your instructions, Mr. William Sherer, ofthe Assistant Treasurer's office at New York, made au examination of the silver-profit fund accounts of the several coinage mints and of the silverbullion and silver-coin accounts for the fiscal years 1879,1880, and 1881,
the result of which was an exact verification of the figures presented in
the statements which I subniitted, showing, as Mr. Sherer states^in his
report of April 28, 1882, '' tbat the silver profits had been properly accounted for.''
I have thought it proper to carry this examination up to the close of
the fiscal year 1883, for the purpose of showing, in a succinct form, the
amount of bullion acquired, the profits which havebeen realized, and
their disposition. Tbe results havebeen cousolidated with the statemicnts
covering the tbree previous years, which were verified by Mr. Sherer's
examination, aud are embodied in two statements published in tbe appendix, oue showing the balauce of silver bullion available for coinage
on.hand at the coinage mints on the first of July, 1878, the amouut purchased and acquired siuce, and its cost, and'the disposition of the same;
tbe other showing the profits on the coinage of silver for the same period and their disposition pursuant to law.
From tbe first statement it will be seen that there were on hand atthe coinage mints on tbe first of July, 1878, of silver not due depositors for bars, 3,440,072.69 standard ouuces; that there hav^e been purchased, parted from gold, acquired in the payment of charges, &c., including transfers from the New York Assay Office, since tbat time,
120,007,407.41 ounces, making a total of 123,447,480.10 ounces; of which
119,206,224.53 standard ouuces have been used in coinage. 304,375.47
ounces have been wasted by the operative officers aud sold in sweeps,
leaving a balauce at the coinage inints on the 30th of June, 1883, of
3,936,880.10 ounces of silver bullion, which was weighed by representatives of this office at the time, aud tbat amount found to be actually on
hand,, as Avill be seen from their reports on tile in tbis office.
Tbe profits ou the coinage of sih-er on hand at the coiuage mints on
the first of July, 1878, amounted to $424,725.47; the profits on the coinage from that date to the 30th of Juue, 1883, were $16,903,589.71,
which, adding theamountof $9,237.54, refunded by the Adams Express
Oompany for overcharges in their bills for shipping silver coin, and the
additional sum of $4,560.30, carried to the credit of that fund from
profits arising on adjustments ofsilver valuesand surplus bullion, make
a gran\i total of silver profits to be accounted for of $17,342,113.02, of
which $358,39 J.07 have been paid for expenses of distributing the coin,
$51,925.69 lor the loss on silver in sweeps sold, $71,429.18for wastages by
the operative officers, and $48.86 for losses by recoinage, and prior to
June 30,1883, $15,581,713.63 bad been deposited in the Treasury ofthe
United States and enteredln the quarterly mint accounts, leaving a bal- '
ance in the coiuage miuts of $1,278,596.59, all of which has been covered into the Treasury, making tbe total amount of silver profits for^
the five years thus deposited $16,860,310.22, as shown by the books of
the Treasury Department.
The statements reterred to do not in any way relate to bullion at the
New York Assay Office, or any institution other than the four coinage
mints.
.
Since the passage of the act, in 1878, requiring the; monthly purchase
of not less than two million dollars worth of silver bullion, and its coin- "
age into silver dollars, $154,370,899 had been coined prior to October^
1883. That this, with the eighty-one millions of fractional silver coin in
t h e couutry, a total of $235,000,000, is in excess of the requirements of
the countr.y for silver circulation is apparent from the large amount oC
262
REPORT ON T H E
FINANCES.
these coins in the vaults of the Treasury not represented by outstanding certificates and not required to be held for their payment, namely,
over 39,000,000 silver dollars, and nearly $27,000,000 of fractional silver
coin, a total of $66,000,000.
My views in regard to the policy of further continuing the coiniage of
silver dollars were expressed i n my report two years ago, and remain,
duchanged. While believing that the equal coiuage of both metals by
all nations is desirable in order to give greater stability to the values bf
commodities and credits, yet, in view of our inability to continue the
increase of our silver circulation at the present rate without ultimately
expelling a large portion of the iiresent stock of gold, as well as of the
waning hope for the co-operation of leading commercial nations in securing the general use ofsilver and its unbmited coinage as money, and of
^ the present abundant paper and increasing gold circulation in this
country, I suggest the question again for the consideration of legislators, whether the law directing the monthly coinage of not less than
two million dollars' worth of silver bullion into standard dollars should
iiot be modified or rei)ealed.
DISTRIBUTION.
The accompanying statement exhibits the amount of silver dollars on
tiand at the mints June 30, 1882, the number coined during the year,
a^nd balance on hand June 30, 1883, and shows the aggregate amount
paid out, exchanged, and distributed from the mints during the year to
iiave been $20,172,201; of this sum $11,494,617 were distributed from
the mint at Philadelphia, $6,588,758 from the mint at New Orleans, and
^2,088,826 from the mints on the Pacific coast
AMOUNT of SILVEB DOLLABS BEBOBTED by the COINAGE MINTS on HAND
June 30, 1882, COINED dnring the year and on HAND at the CLOSE of the FISCAL
YEAB ended June 30,1883.
San F r a n cisco.
Philadelphia.
Period.
NewOrleans.
Total.
O n h a n d J u n e 30,1882 .
O o i n a g e fiscal y e a r 1883
$4, 248, 069 $25,114,407 $1, 260, 901 $4, 742, 295 $35, 365, 672
11, 601,119 7, 350, 000 1,120,000
8, 040, 000 28, 111, 119
Total
En m i n t s J u n e 30,1883 .
15, 849,188 32, 464, 407
4. 354, 571 30, 841, 960
Distributed
11, 494, 017
2, 380, 901 .12, 782, 295
1, 914, 522 6,193, 537
1, 622, 447
466, 379
6, 588, 758
63, 476, 791
43, 304, 590
201172, 201
COMFABATIVE STATEMENT, as shotcn by the TBEASUBEWS MONTHLY STATEM E N T of ASSETS and L I A B I L I T I E S , ofthe COINAGE, MOVEMENT, and CIBCULATION of STANDAB3 SILVEB DOLLABS at the E N D of E A C H SIXMONTHS from July 1, 1882, to July 1, 1883, and for the T H B E E MONTHS ending
Octoberl, 1883.
In the Treasury.
ns °
Period.
T o t a l coinage.
r
c/}
O 05
a? fl
© o
tfl
•J'uly 1, 1882 . . . .
^ J a n u a r y 1, 1883
J u l y 1,'1883 . . . .
O c t o b e r 1. 1883 .
$119,144,
132, 955,
147, 255,
154, 370,
780
080
899
899
$54,
68,
72,
78,
506,
443,
620,
921,
090
660
686
961
$32,
25,
39,
35,
647, 726
573,182
293, 333
665, 411
$87,153, 816
94, 016, 842
111,914,019
114, 587. 372
$31, 990,964
38, 938, 238 ,
35,341,880
39, 783, 527
DIRECTOR
OF T H E
263
MINT.
I t appears from this statement that the total number of silver dollars
Mad increased since the 1st of July, 1882, thirty-five millions, of which
increase about $8,000,000 only had gone into general circulation, while
the amount in the Treasury had increased $27,000,000, of which
$24,000,000 were held for the payment of outstanding silver certificates,
and the amount in the Treasury in excess of the certificates outstanding
had increased from $32,647,726 to $35,665,411.
APPROPRIATIONS, EARNINGS, AND EXPENDITURES.
The total amount appropriated for the support of the mints and assay
offices for the fiscal year ended June 30, 1883, was $1,198,082.07, of
which amount the sum of $1,158,377.43 was expended. In addition
thereto there was expended from the apiiropriation contained in the act
of February 28, 1878, authorizing and directing the coinage of the
standard silver dollars, the sum of $161,507.21 on account of the mints
and $1,921.24 at the Treasury Department.
The appropriations for the several institutions, and the amount expended from each, are shown in the following table :
Institution
1
1
•
Philadelphia Mint
San Francisco Mint
Oflirson Mint
.
Hew Orleans Mint
Denver Mint
IN^ew York Assav Oflice
Helena Assay OflSce
Boise Assay Ofl&ce .
•Charlotte Assay Office
Saint Louis Assay Ofl&ce
Total
...
•i
oa
J
o
Coinage ot the standard, silver dollar,
act of February 28,
1878 (indefinite).
APPEOPPvIATIONS, 1883.
$40, 907 53 $293, 747 25 $100, 070 68
41, 626 03 243,705 50
70, 000 00
1 28, 979 22
54, 630 00
25, 000 00
30, 938 36
74, 967 50
35, 000 00
10, 950 00
12, 000 00
9, 000 00
. . . ; 38, 665 07 25, 705 00
10, 000 00
7, 759 93
10,180 00
10, 000 00
: 3, OUO 00
5.-000 00
; 2, 750 00
2, 000 00
•
I 5, 500 00
6, 000 00
211,076 14
714, 935 25
Total.
$434, 725 46
355,831 53
108, 609 22
140, 905 86
31, 950 0%
74,370 07
27, 939 98
8 000 00
4, 750 00
11, 500 00
272, 070 68
1,198, 082 07
EXPEKDITURES, 1883.
Fhiladelphia Mint
San Fiancisco Mint
parson Mint
Kew Orleans Mint
Denver Mint
New Tork Assay Office .
Helena Assay Office
Boise Assay Office
Charlotte Assay Office ..
Saint Louis Assay Office
Total
;..
$40,830 64 $285,684 38 ;$100, 069 93 $114, 586 03
40, 982 77 243, 604 00 56, 756 09
8, 318 48
28, 979 22
29, 483 42
10, 950 00
38, 239 47
7, 759 93
2,997 12
2, 750 00
3, 500 00
54, 620 00
74, 966 78
11,145 25
23, 539 25
10, 079 98
24. 937 05
34; 968 40
5, 918 99
9, 796 18
7, 495 75
5, 000 00
1, 4.50 80
1, 872 03
206, 472 57 703, 639 64 248, 265 22
18, 332 88
20, 269 82
$541,170 98
349,661 34
126, 869 15
159, 688 42
28, 014 24
71, 514 90
25, 335 66
7,997 12
4, 200 80
5, 372 03
1, 319, 884 64
In the appendix will be found a table showing the earnings and profits from all sources at the mints and assay offices during the year, and
the expenditures aud losses of all kinds. The total earnings amounted
to $5,215,509.76, and the total expenditures and losses to $1,726,285.16.
A statement is also appended showing the amount of gold and silver
264
REPORT ON THE FINANCES.
wasted by the operative officers at the coinage mints during the yearj,
and the loss arising from the sale of bullion in sweeps, for which a*
lower price was obtained than the value ascertained by mint assay, and
the various funds from which the wastages and loss were paid.
The total value of the gold and silver wasted at the four coinage
mints during the year was $30,084.83, while gold of the value of
$16,491.11 Avas returned by the melter and refiner of the mint at San
Francisco in excess of the amount with which he was charged, and gold
and silver of the value of $4,542.81 by the melter and refiner of the
mint at Philadelphia, and gold and silver of tbe value of $30,217.33 by
the melter and refiner ofthe Assay Office at New Yorl^, making a total
gain from tbis source of $51,251.25, adding to which the surplus bullion
recovered from the grains and sweepings of the deposit-melting rooms
ofthe iustitutions named makes a total gain of the jirecious metals of
tbe value of $62,658.33, or a net excess over and above the entire
arnount of bullion wasted by thje operative officers of $32,573.50.
R E F I N E R Y EARNINGrS AND E X P E N D I T U R E S .
The charges collected of depositors during the year for parting, refining, and toughening bulliou, which are appropriated by law for the
payment of the expenses of those operations, amounted to $279,024.92^
of wbich the sum of $250,280.81 w^as expended.
The foliowing statem.ent shows the refinery earnings and expenditures at the coinage mints and the New York Assay Office for the year:
Charges
collected.
Institutions.
Philadelphia Mint
San Frain cisco Mint
Carson Mint
i
New Orleans Mint
!New York Assav Office
.
.'
- -
-
'.
- - --
.
. . . . $13, 479 30
143, 951 53
22, 789 01
370 22
98, 434 86
_--.
279, 024 92
Total
Expenditures. ,
$8, 537 72
143, 435 8T
16, 138 m
. 172 <a
81,996 0^
250, 280 | i
The net excess of the earnings of the refineries over the expensea^
fi'om the 1st of July, 1876, to June 30, 1883, remaiuing in the Treasury
of the United States, amounted on the 30th of June, 1883, to $169,860.24.
I
ANNUAL ASSAY.
The special commissioners appointed by the President, together with
those designated by law, to examine and test the fineness and weight
©f the coins reserved by.the several mints during the calendar year
1882, assembled at the mint at Philadelphia on the second Wednesday
of February last as required by law.
-^Ooins both pf gold and silver which had been reserved from deUveries
made by the coiners to the superintendents in each month of the year
were weighed and assayed both in mass and single pieces. The committee on weighing reported that ^^all the coins weighed are within t h e
limits of exactness required by law, and that in fact very few vary from
t h e standard by one-half the tolerance.''
The committee on assaying reported that the ^^ results are all within
the limits of tolerance as required by law, Avith the exception bf
one sample coiu from the delivery at the NewOrleans Mint January
DIRECTOR OF THE MINT.
265
14, 1882, the fineness of "which is 898.93, being seven one-hundredth»
of oue-thousan dth below the legal limit."
Whereupon the commission reported ^'that the assay commission
having examined and tested the reserved coins of the several mints for
the year 1882, and it appearing that these coius are within the tolerance
prescribed by law, except as to the reserved gold coin of the mint at
New Orleans, the trial is considered satisfactory.''
The fact that one of the gold coins reserved at the mint at New Orleans was deficient in fineness was certified to by the commission and
reported to the President.
The Superintendent of the mint at Philadelphia, Mr. A. Loudon
Snowden, Avas instructed to jiroceed to New Orleans to ascertain the
cause of the defective coinage. From the facts disclosed by his report
and the records it was deemed advisable that a change should be made
iu the office of assayer, and Dr. Jos. Albrecht was superseded by Dr. B .
F. Taylor, who had been coiner of the miut prior to the late war. He
was commissioned Juue 27, and entered ujion his duties after the close
of the annual settlement.
Tbe proceedings of the Assay Oommission show that the average fineness of 550 gold coins from the mints at Philadelphia, San Fraucisco^
and Oarson, melted in mass, was 899.9, and of 67 single pieces, 899.86„
The assay coius from tbe mint at New Orleans represented a gold' coiuage of ouly $108,200, and were not assayed in mass but as single pieces^
and tbe average of 13 assaj^s w^as 899.21. The assays made monthly at
the Bureau of the Mint gave an average for 122 pieces from the niints^
at Philadelphia, San Fraucisco, and Oarson, of 899.9, and for 5 jiieces
from tbe miut at New Orleans, 899.64.
Tbe annual Assay Oommission ascertained that the average fineness
of 950 silver dollars of the coinage of all the mints, melted in mass, was
900.38, and of 48 single pieces, one for each month's coinage at each
mint, 8.9.93. Tbe monthly tests made at the Bureau of che Mint of 212 \
silver dollars gave an average fineness of 899.9.
The assays of the annual Assay Oommission and those made at this
bureau substantially agree, and show that the coinage of the year was
remarkably close to standard, except as to the gold coinage of the mint
at New Orleans. Although the average o f t h e latter was within the
legal limit, yet, as before stated, a piece from one delivery was found deficient in fineness. I t had been previously ascertained by the monthly.
tests at this Bureau that the gold coin of one delivery at the New Orleans
mint was deficient in fineness andthe Superintendent was instructed to
withhold from circulation all the coins in his custody that had been
made from the defective melt of ingots, for the purpose of recoinage.
Tables of the annual and monthly assays appear in the appendix.
ESTIMATION OF THB VALUES OF FOREIGN COINS.
As required by section 3564 of the Revised Statutes, the Director of
the Mint estimated the values of the standard coins in circulation of
the various nations of the world, and the same was proclaimed by the
Secretary of the Treasury on January 1, 1883.
Tbe estiiliated values were those of the x)ure metal of such coins of
standard value—the gold coins estimated at the coining rate of. United
States gold coins, and the silver coins at their value as bullion based
upon the average price of silver bullion for the last three months of 1882.
No change was made in the values of the standard coins, Avhich a r e
compared with gold, but the decline in tbe price of silver reduced t h e
266
REPORT ON THE FINANCES.
value of the Austria florin from 40.6 cents to 40.1 cents; of, the Bolivia
boliviano, Ecuador peso, Peru sol, and United States of Oolombia peso,
from 82.3 cents to 81.2 cents ; of the India rupee from 39 cents to 38.6
cents; of the Japan yen from 88.7 cents to 87.6 cents; of t t e Mexican
•dollar from 89.4 cents to 88.2 cents; of the Eussia- rublle from 65.8
cents to 65 cents, and of the Tripoli mahbub from 74.3 cents to 73.3
-cents. The gold peso of the Argentine Eepublic was established as the
monetary unit of that country by the law of November 5, 1881, and its
value was estimated in the circular at 96.5 cents.
ANNUAL SETTLEMENT. '
At the close of the year the operative officers of tbe several niints,
and, on April 26, the melter and refiner of the assay office at New York,
returned to their respective superintendents tbe balances of gold and
-silver bullion with Avhich they had been charged during the year. This
bullion was weighed under the superintendence of the Director or representatives ofthe Bureau, and the amount of wastage thathad occurred
was ascertained, which in no case exceeded the legal limits. All coin
-a-nd bullion in the hands of the superintendents was also counted or
weighed, as well as the funds belonging to the ordinary accounts, and
in each case was found to agree with the books of the Treasury Department.
The gold bullion charged to the inciter and refiners duriug the
periods since their previous settlement amounted to 4,859,811,580
:standard ounces, ou which the legal limitforwastagewas 4,859 standard
.ard ounces, and the actual wastage 99,045 standard ounces. Of silver
bullion there were charged 59,208,831.09 standard ounces, upon which the
legal allowance was 88,813 standard ounces and the actual wastage
18,890.42 standard ounces. There were charged to the coiners of the
mints 3,798,568,446 standard ounces' of gold bullion, on which the legal
limit for w^astage was 1,899 standard ounces and the actual wastage
164,186 standard ounces. There were charged also 49,929,135.50 standard ounces of silver bullion, the wastage limit on which was 49,929
.standard ounces and the actual wastage .6,523^92 standard ounces.
The total wastage at all the institutions was 263,231 standard ounces
:gold of the value of $4,897.35, and 25,414.34 ounces of silver of the
value of $25,187.48, a total of $30,084.83.
MINT AT P H I L A D E L P H I A .
At this Mint the coinage of gold was nearly fifty-two millions less than
in the preceding year, in which it had executed a larger amount of gold
€oin than in any year of its history.
The coinage of standard silver dollars amounted to $11,601,119, and
of the subsidiary coins $717,511.90 was in dimes.
-There existed a large demand for minor coins; $1,428,307.16 were
.struck, of wbich $1,022,774.40 were in five-cent pieces, and $404,674.19
in one-cent pieces. The three-ceht piece has never been a popular coih;
only $858.57 were coined during the year. This unusually heavy coinage retarded to a considerable; extent the coinage of gold bullion
belonging to the Government, and necessitated the employment of a
full force of workmen.
The officers of thie Mint are entitled to credit, not onl/for the excellency of the work at this institution, but for the amount performed,
-considering the want of sufficient room to keep the stores and perform
the labor required.
!
DIRECTOR OF T H E MINT.
267
SAN FRANCISCO MINT.
The work of this Mint was about two millions less in gold, and four millions less in silver. Only $7,350,000 were coined in standard dollars, for
the reason that a large amount of that donomination of coin is held by
the United States Treasury in San Francisco, far ahead of the demand
for circulation.
^
.
^
Tbis Mint is well equipped and organized, and fully able to meet all
the requirements ofthe Pacific Ooast for coinage and parting and refining bullion, and its accounts and records are kept with commendable
care and accuracy. Improvements in the arrangement of machinery
a;nd in the storage of supplies have been made by the superintendent,
and under his supervision the efficiency and usefulness of the institution have been fully maintained.
CARSON MINT.
This Mint coutinued in operation duriug the entire year, the receipts
of gold and silver having increased about 35 per cent, over those of the
previous year. There was also an increase in the coinage from
$1,546,310 to $2,523,945.
This institution is of advantage to the miners and mine owners in that
portion of Nevada where it is located, in afiording a local market for
their silver production, as well as a convenient means of obtaining the
value of their gold bullion in coin or bars.
MINT AT NEW ORLEANS..
The coinage ot gold at this miut was inconsiderable, amounting to
only $43,000. Standard silver dollars were struck of the value of
$8,040,000, being over $3,000,000 iu excess of the coinage of the fiscal
year 1882.
The institution is of little local advantage, except that it furnishes a
large amount of silver coin for circulation in the Southern and Southwestern States. The bullion used in its coinage is obtained from distant refineries.
A cbange took place i n t h e office of superintendent in August, 1882.
Mr. M. Y. Davis, who was superintendent prior to that time, resigned
his office, and Dr. A. W. Smyth was appointed as his successor, and
soon thereafter entered upon the discharge of duty. The melter and
refiner. Dr. M. F. Bonzano, was superseded by the assistant assayer,
Mr. F. F. Olaussen, who'was commissioned June 27.
,
N E W YORK ASSAY OFFICE.
. Mr. Pierre 0. Yan Wyck, who had beeu Superintendent of the Newr
York Assay Office since January 1,1882, died on April 23,1883, and was
succeeded by Mr. Audrew Mason, who had for many years held the
office of melter. and refiner, and whose management of that office was
characterized by economy and efficiency.
Mr. Yan Wyck's brief administration had, by his conscientious regard
for the public interests and his courteous demeanor towards those with
whom he w^as associated, secured for him the confidence and respect,
not only of those connected with the office, but of the business commuaiity, and fully maintained the high reputation and usefulness of this
institution.
268
'
"^
REPORT ON THE FINANCES. '
The deposits of gold during the year amounted to $17,016,061.56 and
of silver $6,592,657.50.
Bars were manufactured for return to depositors and for coinage
amounting to $15,986,346.73 in gold and $6,448,409.66 in silver.
DENVER MINT, AND ASSAY OFFICES AT CHARLOTTE, HELENA, BOIS]fe^
AND SAINT LOUIS.
At these institutions the deposits of bullion were much greater than
in the previous year. The business of the Denver Mint more than
doubled in amount, and at Saint Louis it quadrupled. A change was
made in the office of assayer at the assay office at Bois6 Oity. Mr. A,
Welters was superseded by Mr. N. H. Oamp. A detailed statement of
the bullion received at the several offices and of the gold and silver
bars manufactured, appears in the Appendix to this report.
LEGISLATION RECOMMENDED.
I would respectfully recommend the passage of an act authorizing and
directing:
First. The discontinuance of the coinage of the gold dollar, which
has been found too small for ordinary nionetary use, and is virtually out
of circulation. The only calls for many years upon the mints for gold
dollars have been from numismatists, for cabinet specimens, and from
jewelers for conversion into personal ornaments. If the issue not only
of gold coins but of United States notes in denominations less than five
dollars were prohibited, their places for ordinary trade and change purposes could be amply supplied from the silver dollars and fractional silver
coin now idle in the Treasury.
Second. The discontinuance of the coinage of the three-cent coppernickel piece. This coin has also been found inconvenient on account of
its size and in other respects, and although the Philadelphia Mint paid
the expenses of transmission, a large number remained for some years
at that institution in excess of the demand, while the number of pieces
in the offices of the Treasurer and Assistant Treasurers has increased
from year to year, and the^ accumulation in the Treasury on the 30th
of September, 1882, amounted to over five million pieces, being nearly
one-fifth of its entire coinage.
The coin age jof this denomination was originally authorized in the act
of 1851 reducing the rate of letter postage to three cents, and the pur^ poseaiipears to have been to furnish a convenient coin for paying letter
postage. If the issiie of a coin for such purposes is desirable, as the
rate for letter postage is now but two cents, a two-cent bronze or coppernickel coin of suitable size would be convenient, not only for this object, but in paying small sums and making change. The advantages
and reasons for issuing this denomination I presented in my report for
1879.
Third. The repeal of the act autliorizing the coinage of the trade
dollar.
Although its coinage is now discretionary with the Secretar}^ of the
Treasury and has been suspended by him, the issue of this coin in any
contingency should no longer be authorized or permitted at any of the
United States Mints. Originally made in the coinage act of 1873 a legal
tender, to the same extent as the other designated silver coins, a considerable number had probably, before its demonetization in 1876, gone
into circulation in this country. The statistics of coinage and exports
DIREGTOR OF THE MINT.
269
show that at the latter date the number of pieces coined exceeded the exportations by over two million dollars. Probably from five to seven
millions of these coins are uow held in the country, mostly in the mining and manufacturing regions of Pennsylvauia and contiguous States,
and in the vicinity of New York, where tbey have been paid to w^orkmen and laborers, and by them paid tp aud received from tradesmen in
those localities.
While the United States has incurred no legal liability, yet by the
act of the Government the coins were at first put into circulation and
given compulsory currency, and have fallen into the hands of those who
can ill afibrd tQ sufi'er from the depreciation, and it would seern but an
act of justice that the United States should permit these coins to be
sent to the mints and exchanged for other silyer coins, into which they
could be profitably recoined.
I doubt not that action of this kind would have long since been taken,
but for the appreiiension that a large uumber of exported trade dollars
would be returned to this country. My own investigations aud inquiries have satisfied me that the trade dollars sent to Ohina have gone
to the melting pots and become sycee silver or disappeared in the interior of that country; for, although their value as silver bullion would
be only about eighty-seven ceuts, yet their commercial market value in
New York Oity has, prior to the late movement to depress their price,
fallen below ninety-eight cents but once, and that for a short period,
and has usually ranged for several years above ninety-nine cents, and
had it been possible to secure trade dollars for import from Ohina to
this country, the profits on the operation would have brought them here
long since.
BUIT AGAINST
THE
SUPERINTENDENT AND MELTER ^AND
AT SAN FRANCISCO.
REFINER
The suit in the United States circuit couut of Oalifornia against the
superintendent and melter and refiner of the mint at San Francisco,
for an alleged infringement of a patent issued to John EeynoldS', to
which I called attention in my report for 1880, was brought to a hearing, and a decree was rendered by the court in favor of the complainant, Eeynolds, declaring the method of refining previously practiced at
that mint an infringement ofthe patent, and adjudging him entitled to
damages.
".
The fact that silver bullion containing one-fourth part or less of gold
need not be melted'^or run into smaller bars or granulations to separate
the two metals was known prior to the date of the patent, and there
appears to me to have been no novelty in a process for parting without
meltiug and granulating such bullion as the Oomstock bars which contained gold in small proportions.
The United States, however, granted the patent, and although contested by the United States district attorney, the circuit court sustained
its validity, and decreed that the complainant should recover his damages.
.
••
To separate gold and silver in the manner employed at that mint, and
decided to be an infringement of the patent, was more economical and
of pecuniary advantage to the Government, but of no personal benefit
to tbe officers. It would, therefore, seem just and proper not only that
the officers of the mint against whom the suit was brought should be
relieved from personal responsibility in this matter, but also that Mr.
Eeynolds should be compensated to the extent that tbe Government
has been benefited.
270
REPORT ON T H E
FINANCES.
MONETARY STATISTICS OF THE UNITED STATES.
Inquiries relative to the production, import, export, and consumption
of the precious metals have been continued, and much valuable information has been obtaiued, which has been tabulated for convenience of
reference, and is herewith submitted.
PRODUCTION OF GOLD AND SILVER IN THE UNITED STATES.
Nearly all of the gold and silver obtained from mines of the United
States is directly or indirectly deposited in the mints and assay offices
or exported througb the custom-house to foreign countries, and unusual
facilities are thus afi'orded for ascertaining the total production of the
countr3^ Eecords are kept stating the character of each deposit, and,,
as far as practicable, if of domestic bullion, the locality of its production.
. '
This inforination is tabulated from year to year,^and published in the
Director's reports,
As, however, the statistics of the annual production are uow procured
and compiled for a special report, it has been found of advantage to
obtain the necessary data for the calendar instead of the fiscal year.
The detailed estimate of production for each State and Territory has
therefore been discontinued as to the fiscal year, and that for the calendar year 1882 is substituted.
From this report it appears that the production of the several States
and Territories, in 1882, was estimated as follows :
s t a t e or T e r r i t o r y .
Alaska
Arizona
California
—
Colorado'
Dakota
'.
Ge^orgia
Idaho
Montana
Nevada
.'
N e w Mexico
N o r t h C a r o l i n a ."
Oregon
South Carolina
Utah
Virginia..
Washington Territory ,
Wyoming
Total .
Gold.
$150, 000
•1,065,000
16, 800, 000
3,360, 000
3, 300, 000
250, 000
1, 500, 000
2, 550, 000
2, 000, 000
150,000
190,000
830, 000
25, 000
190,000
15,000
120, 000
5,000
32, 500, 000
Silver.
$7, 500,
845,
16, 500,
175,
000
000
000
000
2, 000,
4, 370,
6, 750,
1, 800,
25,
35,
000
000
000
000
000
000
6, 800, 000
46, 800, 000
Total.
$150, 000
8, 565, 00:&.
17, 645, 000
19,860,000,
3, 475, 000
250, 000^
3, 500, 00©
6, 920, 000
8. 750, 00.0,
1,950, mo.
215, 00.0
- 865,000
25, 000.
6, 990, OOO
15, 06'C>
120, 000
5, OO©79, 300, 000>
The total amount, compared with that of the preceding year, indicated
that the production of the calendar year 1882 declined $2,200,000 in
gold and increased $3,800,000 in silver. The probable productionof
the present calendar year cannot be stated absolutely from the information thus far received.
The mints and assay offices, duriug tbe fiscal year ended June 30,1883^
embracing six months of the last and six months of the present calendar
year, received domestic bullion of the value of $32,481,642.38 gold and
$32,758,487.68 in silver; which exceeds the amount of similar bullion
received during the calendar year 1882 by $1,103,393.58 in gold and
$1,357,694.74 in silver. The exports of domestic silver bullion were also,,
during the fiscal year, $1,490,000 greater.
The increased deposit of domestic gold was occasioned chiefiy by the
closing of the San Fraucisco Mint for receiving deposits earlier than
usual in June, 1882, and deposits which otherwise would have been made
/ \
.
DIRECTOR OF THE MINT. ^
•
271
in that month were held back until July of the succeeding (or last) fis-cal year.
The reports published iu the mining journals of the production of
many leading mines during the first half of the calendar year 1883,.
compared with their production for the same period in the previous^
year, show a diminished yield of about two millions ofdollars. These
reports, however, are too incomplete to furnish safe data, and a better
criterion is a comparison of the amounts of gold and silver received a t
the mints and assay offices and the exiiorts of domestic bullion to foreign couutries.
For the first eight months of 1883 the valueof the deposits of gold
bullion is less than for the corresponding period in 1882 by a half million of dollars, aud the silver deposits, purchases, and exports exceed
those for the same time in the former year by two millions of dollars.
The ]iroduction of gold in the calendar y^ear 1883 will probably be at
least a half million less and that of silver at least two millions greater
than, that of the previous year.
'
CONSUMPTION OF THE PRECIOUS METALS.
In the report for 1882 it was estimated that the consumption of the
precious metals in the United States for use in the arts and manufactures probably exceeded $12,000,000 of gold and $7,000,000 of silver, of
which $7,000,000 of gold and $6,000,000 of silver were of domestic pro->
ductiou.
This estimate was based upon the results of inquiries made in 1881
by circular letters to manufacturers in the United States, and also upon
the amount of bullion furnished by the New York Assay Office for
manufacturing purposes. Duriug the last fiscal year the New York
Assay Office supplied bars for this purpose as follows:
Bars furnished to manufacturers.
Of
Of
Of
Of
Of
United States coin..
foreign coin
foreign bullion
plate, &c
domestic bullion...
Total
Gold.
Silver.
$138 15
130, 505 04
253,799 44
685, 019 30
5, 094, 808 36
$1, 365 82
102, 220 28
335, 016 73
205, 851 10
4, 860, 038 40
6,144, 270 29
5, 504, 492 33.
Besides these deposits of gold and silver bullion for bars to be used
in manufactures, tbe arts, &c., gold bars of the value of $1,946,255 were
for similar use delivered to manufacturers and dealers in bullion in exchange for gold coin, making the total value of gold bars prepared at
that institution and delivered fpr manufacturing purposes $8,090,525.,
If to tbis is added the bars prepared for depositors and exchanged for
gold coin at Philadelphia, an aggregate of $187,541, and tbose sold for
similar purposes by private refiners, and the amount of coin and gold
in the form of lumps and grains, the estimate heretofore made that
$12,000,000 of gold is annually consumed in inanufactures, the arts, and
ornamentation, and that at least $7,000,000 of this is of domestic production, is sustained as to the amount thus consumed in the fiscal year
1883; while the amountof silver thus used would appear to have declined by a half million of dollars.
COIN CIRCULATION OF T H E UNITED STATES.
'
0
On the 1st of July, 1883, the total coin circulation of the United States
amounted to about $765,000,000, of which $537,000,000 is gold and
$228,000,000 silver coin. This estimate is based upon my estimate of
272
REPORT ON THE FINAISCES.
the circulation ofthe country in 1873, which I placed at $135,000,000'in
gold and $5,000,000 in silver. To this last estimate I added the subsequent annual gains to the metallic circulation by coinage and import
of coin aud deducted the losses from recoiuage and ex|)Ortof coin up to
July 1,1879, making the coin circulation at that date, gold, $286,490,698,
silver, $112,050,985. I t was assumed that during that period the coins
broughtinto the country by immigrants on their persons and not reported
at the custom-house, equaled the amount of coin consumed in the arts
not deposited at the mints and assay offices. As the custom house returns in 1879 and subsequently, distinguished United States from foreign
<?oins, the estimates for the last four years have been based upon the
ooinage deposit, import and export of United States coins, deducting
$8,500,000 for a possible excess of undeposited coins melted above tbe
unreported amouut brought by immigrants.
In my last aunual report I estimated the circulation of United States
coin to bave been $500,000,01)0 of gold and $200,000,000 of silver; the
exact figures of coinage and import, less recoinage, exjiort, and estimated use in the arts, being $500,882,185 of gold and $199,573,360 of
silver. During the year the coinage amounted tp $35,936,927.50 of gold
and $28,835,470.15 of silver; the imports of Uuited States coin were
$8,112,265 of gold and $670,192 of silver. During t h e same period
^374,129 of gold coin and $636,983 of silver coin were deposited at tbe
mints for recoiuage, and $4,802,454 of gold coin and $150,894 of silver
<3oin were exported.
I have estimated that the amount of United States coin melted by
manufacturers during the year was $2,500,000 of gold and $75,000 of
silver.
The following table therefore shows the gain during the year :
United States coin.
Silver.
Gold.
•Circulation June 30 1882
$500, 882,185 $199, 573, 360
35, 562, 798
Year's coinage less deposits for recoinage . . . . . . . . - r . . .
28,198, 541
3, 309, 811
Excess of imports over exports
.. . . . . . . .
519, 298
Total
Less amount used in the arts - . . .
.
..
..........
Oirculation J u l y l,''l883
Total.
$700, 455, 545
63,761.339
3, 829,109
539, 754, 794
2, 500, 000
228,291,199
75, 000
768, 045, 993
2, 57.5, 000
537, 254, 794
228, 216,199
765, 470, 993
From the Treasurer's statement of the amount of coin in the Treasury
a/nd of gold and silver certificates outstandiug, and from the reports
made by national banks to the Oomptroller of the Ourrency showing the
amount of certificates held by them, it appears that the gold and silver
coin of the country on the 1st of July, 1883, was owned as follows:
Silver.
Belonging to—
Gold.
Legal tender. Subsidiary.
Treasury
National banks
Other banks . . .
Private hands .
C)
Total...-
*$82, 017,125 *$39, 293, 351
tl05, 614, 406
17,121,130
t25, 000, 000
t325, 213, 263 •1100,841,418
537, 254, 794
Less outstanding certiflcates.
147, 255, 899
Total
Total Uuited
States gold
and silver
coins.
$28, 486, 001 $67, 779, 352. *$149, 796, 477
ts, 208, 858 10, 329, 988 tll5, 354, 394
49, 265, 441 150,106, 859 1500,320,122
80, 960, 300 228,216,199
tIncluding Treasury certificates.
765, 470, 993
I Estimated.
273
DIRECTOR OF T H E MINT.
In the above table I have deducted from the stock in the Treasury
aud credited to the banks and the public to the amount of the certificates held by them, resi)ectively, the coin represented by and required
by law to be kept in the Treasury for the payment of outstanding gold
and silver certificates.
From July 1 to October 1 there was an additional coinage, less recoinage, of $7,646,575 of gold, and $7,235,372 of silver. Duriug the
same period the coin circulation gained $236,330 of United States gold
coin by import and lost $141,498 of silver coin by export. Making a
proportionate estimate ofthe amount of coin melted for manufacturing
purposes during the three months and deducting the same would make
the circulation of United States coin on the 1st instant $544,512,699^ of
gold, and $235,291,323 of silver, a total of $779,804,022, as appears in
the following table:
G A I N in COIN from J U L Y 1, to OCTOBEB 1, 1883.
Gold.
Circulation July 1 1883
Coinage to October 1 (less recoinaa"e)
Excess of imports over exports to October i*
Total
.
.
Less excess of exports over imports*
Silver.
Total.
' • $537,254,794
7, 646, 575
236, 330
$228, 216,199
7,235,372
$765, 470, 993
14, 881, 947
236, 330
545; 137, 699
235, 451, 571
141, 498
780,589,270
141,498
545,137, 699
625, 000
235, 310, 073
18, 750
780, 447. 772
643 750
544, 512, 699
235, 291, 323
779, 804, 022
. . . . .
Kemaiuder
Less amount used iu manufactures
Circulation Octoberl, 1883
* All ports for July and August; only New York and Sari Francisco for September.
In addition to this amount of coin, the mints and assay offices held
for coinage on October 1st, $61,683,816 of gold bullion and $5,107,911
of silver bullion, makiug the total amount of United States coin and
bullion available for coinage $606,196,515 of gold and $240,399,234 of
silver, or $846,595,749 of both gold and silver.
TOTAL UNITED STATES CIRCULATION AND ITS DISPOSITION.
Thefollowing table, compiled in this Bureau from the published statements prepared by the Oomptroller of the Ourrency a'nd the Treasurer
of the United States, as to the holdings of the banks and Treasury,
shows the character and condition of the circulation of the country on
the 1st of July, 1883:
STATE of CIBCULATION J U L Y 1, 1883.
other banks
national In and.
In Treasury. In
general
• banks
circulation.
Gold bullion
Silyer bullion
Gold coin
Silver dollars
Practiouiilsilver coin
Gold cetttificates ..
Silver certificates
United States notes..
National bank notes .
Eractional currency .
Total
3780 F-
-18
Total.
$56, 254, 071
4, 482, 216
141, 824, 495
111, 914, 019
28, 486. 001
22, 571, 270
15,996,145
36, 498, 839
8, 217, 062
4,657
$72,232,816
4, 000, 000
3, 208, 858
32, 791, 590
3,121,130
73, 832. 458
31, 748, 004
456, 447
$323,197, 483
31,341,880
49, 265, 441
27, 015. 780
69, 499, 556
236, 349, 719
310,850,444
6, 539, 586
$56,254,071
4, 482, 216
537, 254, 794
147, 255,899
8u, 96u, 300
82, 37», 640
88, 616, 831
346, 681, 010
356,81.5,510
7,000,090
426, 248,' 775
221,391, .303
1, 060, 059, 889
1, 707, 699, 967
274
REPORT
ON THIS
FINANCES.
No account has been taken of the small amounts of unredeemed legaltender, demand, and interest-bearing notes, which canuot be considerecl
in circuiatiou at t h e present time.
Strictly speaking, the gold aud silver bullion in the Treasury cannot
be denominated circulation, but though not money, such bullion may
be considered as a partof the Treasury metallic reserve, being held and
in case of necessity i7iimediately available for conversion into coin, and
therefore is included in Table X X X I Y in the appendix, showing the
general circulation.
Oomparing the foregoing table with a similar one in my last report,
showing the state of circulation at the close of the,preceding year, it
will be seen:
:
1st. That the total circulation of gold coin has increased in the year
' 3,400,000, and of silver coin $28,500,000; the outstandiug gold certificates increased about $55,000,000, silver certificates $18,000,000, a total
of $73,000,000, while the total national bank note circulation diminished nearly $2,000,000.
2d. The Treasury owns, deducting outstanding certificates, $5,000,000 less gold coin and $7,000,000 more of silver coin, and $4,000,000
more of United States and national bank notes.
3d. The national banks have gained $17,500,000 in the total circulation held by theni, and increased their stock of coin, including certificates, $1,000,000 in gold and $2,500,000 in silver, and gained $14,000,000
in paper. ^
Ith. Tbe paper and metallic circulation held by the public and the ,
banks other than the national increased $40,000,000, gaining, including
certificates, $40,000,000 in gold and $19,000,000 in silver, a total of $59,000,000 in coin, but losing $19,000,000 in United States and natioual
banknotes.
From July 1 to October 1, 1883, there w^as a further net increase in
the circulation of the United States, amounting to $22,897,856, as appears from the following statement:
STATE of TOTAL UNITED STATES CIBCULATION October 1, 1883.
[Amount held in the Treasury, taken from Treasurer's statement of September 29.]
In Treasury.
Gold bullion
Silver bullion
Gold coin ..,
Silver dollars
.—
Silver fractional coin
Gold certificates
,
Silver certificates . . .
United States notes .
National bank notes.
Eractional curreucy.;
Total....•....[
In banks and
general circulation.
683, 816
107, 911
144, 446, 726
114, 587, 372
26, 750,161
27, 480, 300
15, 568, 280
37, 194, 420
6, 017, 710
5,803
438, 842,499
$400, 065, 973
39,783, 527
54, 170, 263
55, 014, 940
78, 921, 961
309,486, 596
347, 324, 961
6,987,103
1,291,755,324
.Total.
$61, 683, 816
107, 911
544, 512, 699
154, 370, 899
920, 424
495, 240
490, 241
681, 016
353, 342, 671
6,992, 906
1, 730, 597, 823
Assuming that the same amount of paper and specie respectively
, were in the national banks on the 1st of October as on the 22d of June,
the comparatiye changes in the circulation held by the public and banks
other than national from October 1,1882, to October 1, 1883, have been
as follows:
275
DIRECTOR OF T H E MINT.
VNITED STATES CIBCULATION H E L D by the BUBLIC and BANKS OTHEB
THAN NATIONAL.
Description.
Gold coin
Silver dollars
1
Eractional silver
Gold certificates
..
Silver c e r t i f i c a t e s
IJnited vStates n o t e s
ISTational b a n k n o t e s
Eractional currency
Total
O c t o b e r 1, 1882.
O c t o b e r 1, 1883.
$320,902,688
30, 801, 231
49, 687, 535
313,140
61, 397,180
25.1, 419, 341
330,104, 018
6, 623, 253
$327,833,157
35, 783, 527
50, 961, 405
22, 223, 350
75, SOO, 831
235, 654,138
315, 576, 957
6, 530, 656
1, 051, 248, 386
1, 070, 364, 021
Increase.
Decrease/
$6, 930, 469
4, 982, 296
1,273,870
21, 910, 210
14, 403, 651
^
•"•
$15, 765, 203
14, 527, 061
92, 597
Net increase, $19,115,635.
THE COURSE OF P R I C E S IN THE UNITED STATES IN 1 8 8 2 - 1 8 8 3 .
The tables showing the average prices of the principal domestic exxiorts duriug the fiscal year ended Juue 30, 1883, aud of leading comr
modities iu the New York niarket for the calenclar year 1882, in continuation of similar tables for previous years, have been i)repared and
accompany this report. The prices of domestic exports, as appear
from the average values declared at the custom-house, have not, in the'
aggregate, materially varied from those of the previous year, if five of
the less important articles, upon which the prices advanced 50 per cent. ^
and over, are omitted.
Upon the basis of the previous year's prices of all the articles in the
table, the average per cent, of advance or decline of the prices of the
fiscal year 1883 would show a rise of 4 per cent, in general prices; but
if t h e p e r cent, of advance or decline of each article is multiplied by
its value exported, the mean decline would show a fall of 1.1 per cent,
in general prices.
The average yearly prices of staple articles in the New York market
during the calendar year 1882, compared with the prices of 1881, taken
from the same source aud iu the same manner as described in my last
report, show au advance in the average percentages of the prices of
1882 of 1.6 per cent, upon the prices of 1881, and 3.3 per cent, upon
the average prices for fifty-six years prior to 1881.
For the purpose of comparing the course of prices for the same period
in this country and Oreat Britain, a table has been prepared giving the
prices, quantities, aud values for the years 1881 and 1882, and the percentages ofthe prices of the latter year to those of the former, ou nearly
all the articles imported iuto the United Kingdom for those j'-ears of
w^hich the quantities aud values are given in the published customs
returns of that countiy. Tbey show a great steadiness in prices and uo
large decline in the principal imports except cotton and petroleum, and
no considerable advance except in hops. The mean of the total average
advance or decline in the price of each article upon its price in the
jirevious year Avas 1.6 per cent, advance.
MONETARY STATISTICS OF FOREIGN COUNTRIES.
Inquiries were addressed, as in foriner years, to the United States representatives abroad, in regard to monetary statistics and financial condition ofthe several countries to w^hich they are accredited, and their
responses ahd accompanying communications have enabled me tore
276
REPORT ON T H E FINANCES.
vise and contiuue the tables of production, coinage, and circulation to
ater dates.
Tbe replies received with extracts from late and valuable publications
by distinguished statisticians are printed in the api)endix,* and a summary of the more important information is herewith submitted.
G R E A T B R I T A I N AND C O L O N I E S .
Great Britain and Ireland.—The United States minister to England,
Mr. J. K. Lowell, transmitted uuder date of April 28 very complete statistics ofthe monetary afiairs of that country, which were furnished to
liim by Lord Oranville. From these it appears that in 1882 no gold
was coined iu Great Britain, but that silver coiu was struck to the
amount of £209,880.
The imports and expbrts of gold and silver coin and bullion were as
follows:
'
Gold:
Imports
Exports
Silver:
Imports
Exports
:
.;-...
£14,350,000
12,100,000
9,100, 000
8,950,000
This shows a gain to the country during the year of £2,250,000 in
gold, and £150,000 in silver.
Mr. Fremantle estimates that at the close of the year 1882 the gold coin
in banks and in circulation was £120,761,000; silver coin, £19,144,000,
and the paper mpney outstauding was as follows:
Of
Of
Of
Of
notes of
notes of
notes>of
notes of
tlie Bauk of England
banks in England and Wales
banks iii Scotland
banks in: Ireland
Total paper .,
£25,553,000
3,468,000
6, 366, 000
8,334,000
1..
43,721,000
Mr. Ottomar Haupt, in his ^^Arbitrages et Parites,'' estimates the
aniount of gold, including bullion, from £120,000,000 to £130,000,000.
Mr. Palgrave, in a late paper read by him before the Institute of
Bankers at London, estimated the goldcoin in circulation in the United
Kingdom at £110^000,000, taking, according to the London Banker's
Magazine, no account of the gold bullion held by the Bank of England,
but apparently including its gold coin.
I have adopted Mr. Fremantle's estimate of the amount of gold coin
in banks and circulation as including the bullion in the banks, which in
their published returns is not distinguished from gold coiu, and have
inserted it in the table of general circulation, as the amount of gold in
circulation iii the Uuited Kingdom.
The gold circulation in 1858 in the United Kingdom, according to the
highest estimation for that period I have sieen, w^as £90,000,000, which
was the basis of the later estimate in 1876 of £122,368,000, published in
tbe report of the conimittee on the depreciation of silver, and is tbe starting point in other estimates made by distinguished statisticians. The
importation of gold coinand bullion into Great Britain and, Ireland /
since the commencement of the year 18 >8 to the beginning of the year
1883 has exceeded the exi)orts by £77,209,323, which sum added to
£90,000,000 ni^kes a total of £167,000,000. From this must be deducted
the consumption in tbe arts and mauufactures.
Mr. Jacob in 1831 ascertained the annual consumptiou of gold in
the manufactures and arts in Great Britain and Ireland to be over
*Tlie docunients referred to, omitted for want of space, may be fouud in the separate vohime of the Director's report.
277
DIRECTOR OF THE MINT.
£1,750,000, and Mr. Giffen concluded in 1872 that £2,000,000 yearly
were consumed in the same way; while Mr. Soetbeer in 1880 made
the net consumption, annually, of coin in Great Britain for similar
purposes not less than £2,200,000. This would, upon Mr. Gifien^s estimate of £2,000,000 cousumption, leave £117,000,000 as the gold circulation in 1883, but upon Mr. Soetbeer's estimate of £2,200,000 consumption, leave only £112,000,000.
I have not been able to ascertain whether the estimate of £90,000,000
for 1858 included or omitted the gold in the Bank of England, in which
latter case Mr. Fremantie's estimation would not much, if any, exceed
the estimate based upon these figures.
A similar deduction from the estimated amoun t in 1876 of £122,000,000
gold coin and £14,000,000 gold bullion, of £2,000,000 for the excess of
gold exports over imports, and of £14,000,000 for consumption from
1876 to 1883, w^ould reduce the stock of gold in the United Kingdom to
£120,000,000, and substantially confirm Mr. Fremantle's figures.
India.—The vice-consul-general at Calcutta, Mr. 0. C. Bancroft, forwarded the reply of the secretary of the Indian Government, which
shows that in 1882 the following coinage was executed :
Gold.
Calcutta mint
Bombay mint
.
Total
'.
-
.
:
.
Silver.
Fupees.
360, 555
Rupees.
17, 004, 545
59,125, 824
360, 555
76,130, 369
The imports and exports of gold and silver coin and bullion were:
Imports.
Exports.
•
Gold
Silver
Rupees.
54, 229, 500
105, 734, 888
Rupees.
1, 018, 304
8, 295, 043
There was no production of gold or silver.
It is difficult to estimate the amount of gold coin in existence as it
does not circulate, silver being the commercial medium. At the .close
of 1882 the Government treasury held about 185,000,000 rupees in
silver, the banks 20,000,000.
There were also 161,614,315 rupees in Government currency notes in
circulation on the 31st of December, 1882.
The dispatch roughly estimates the silver circulation of India at
1,295,000,000 rupees. I have, however, retained in the table of the^
circulation of the world the estimate of circulation for India made in
former reports, adding the subsequent coinage, less the recoinage and
estimated consumption in ornamentation.
In 1835, a coinage of new rupees worth from 4J to 6§ per cent, less
than the silver rupees previously in circulation was commenced, and in
the subsequent forty-six years, up to March 31,1882, their coinage was
reported at £260,000,000,' 6f which about £24,000,000 had been recoined
from old silver coins; of the latter a considerable amount must still be
in existence, if not in circulation, for Mr. Fremantle in his mint report,
states that at the Bombay mint in the years 1879 and 1880, £1,120,000
in native coins, principally Baroda rupees, were received for recoinage.
Deducting the valueof the silver recoined during the period, the re
278
REPORT ON T H E
FINANCES.
mainder amounting to £236,000,000, were coined from imported bullion
aud old silver in the form of ornaments.
Colonel Henry Hyde, the master of the Calcutta mint, stated to the
committee on the depreciatiou of silver tbat he estimated the circulation in British India in 1868-9 to be £166,000,000, assuming that one
per cent each year ofthe total coiuage, from 1835 up to that time,
had been converted into ornaments. Adding the yearly coinage to
this sum, and subtracting annually one percent, of the amount, the silver coin in circulation in tbat country in 1882 would be £217,000,000.
A reduction of one per cent, gives over ten millions of dollars as an annual approxiriation of coin merely for purposes of ornament, besides the
consumxition of considerable imported bullion, which during the period has exceeded the coinage less recoinage.
And, this would seem to be a sufficient yearly deduction from the
circulation for this purpose, especially when it is remembered that, according to Mr. J. T. Mackenzie, the old sicca rupees, w^hich were coined
prior to 1808, being of purer siiver, were in great clemand for making
ornaments, as they could be manuftictiired better than the new rupees.
This estimation gives for the 252,541,000 of inhabitants of India, including the native states, a per capita of onl^^ $4.18.
Australasia.—A comprehensive communication covering the financial
afiairs of Australia, IS'ew Zealand, and Tasmania, was received from
Mr. O. M. Spencer, consul-general at Melbourne. During 1882 the following coinages; of gold were made at the colonial branches of the
royal mint: At Melbourne £2,519,000, and at Sydney £1,324,000, a
total of £3,843,000=:$18,701,960. Silver coin is supplied to the colonies
from England.
The imports and exports of gold aud silver coiu and bullion were as
follows:
Gold.
Silver.
£.
Dollars.
2,441,717 11, 882, 616
1, 906, 866 38, 478, 763
Imports .
Exports..
£.
277,729
70,474
Dollars.
1,351.568342,962
During the year the production of the inines amounted to gold
£5,947,440, or $28,943,317; and silver, includiug that separated from
gold at the mints, £21,140, or $102,878.
The bank statements for the quarter ended December 31, 1882, show
the following amounts of specie held by them and of notes in circulation :
Gokl and silver coin
Gold and silver bullion
Notes in circulation
£ 10, 014,967
740,838
5,344,852
$48,737,837
3,605,288
26,010,722
From 4 to 5 per cent, of the coin held by the banks was silver.
Messrs. Charles Kahlo, United States consul at Sydney, and G. W.
Griffin, at Auckland, furnish inforniation.
Gape Totvn.—From this colony Mr. James W. Siler, United States
consul, writes that the following amounts of specie were imxiorted and
exported:
Imported.
Goldcoin
Gold bullion
. .....
Silver bullion
..
£265,131
, 98
22, 516
4
Exported.
£51 214
3,644-
DIRECTOR
OF T H E
279
MINT.
The metallic circulation of the colony is xilaced as follows:
In the treasury
I n banks
In active circulation
None*"
.' £1,717,,,126
5, 539,338
....,
The paper circulation consists of bank notes of the value of £942,208.
]S^ewfoundland.—Thom?i>^ N. Molloy, our consul at Saint John's, states
that $20,000 of gold coin and bullion aud $80,000 of silver were imxiorted. At the end of the year 1882 there was—
Gold.
In tlie treasury
In banks
Silver.
$400, 000
40, 000 I
40, 000 S
In circulation..
$80, 000
200, 000
•The paper circulation amounted to $100,000.
I^eiv Providence.—The consul at Kassau states that the coin in circulation is mostly British and United States gold and silver. From the
latter country, $21,900 of gold coin were imported and $2,228 of mixed
coin exported to the United States and Great Britain. Tlie banks held
at the close of the year, $58,782 of gold and $18,337 of silver. vThe total
amount of coin in the colony does not exceed $150,000.
The United States minister, Hon. Levi P. Morton, furnishes the following information: /
The gold coinage of 1882 amounted to 3,742,000 francs in 100 franc
pieces and the silver coinage to 1,159,859.50 in 50 centime xiieces.
The imports and exxiorts were:
Gold coin
Gold bullion
Silver coin
Silver bullion
I
Imports.
Exports.
Francs.
254, 537, 942
30, 724, 474
92,133, 887
33, 860, 531
Francs.
176 195 702
15, 870,148
131, 419, 705
25, 874, 227
At the close of the year the Bank of France had on hand:
,
Gold
SUver
1
Total
Erancs.
964,481,335 16
1,091,275,662 97
2,055,756,998 13
This includes the circulation belonging to the treasury, which is not
distinguished from the cash belonging to the bank.
.
'. The outstanding paper currency of the Bank of France, which alone
is authorized to issue paper currency, amounted to 2,790,357,475 francs.
For the amount of gold in circulation in France, I have added to my
estimate in last year's report of $875,000,000, the gain by import for
1881 and 1882, $20,000,000, and deducted the estimated amount used in
the arts $22,000,000, leaving a net loss of $2,000,000, and have placed
the circulation of gold at $873,000,000.
For full.legal tender silver I have deducted from my estimate of
$545,000,000 the net loss by export of silver coin for 1881 and 1882, and
have reduced the same to $540,000,000.
•280
REPORT ON THE FINANCES.
GUADELOUPE.
Charles Bartlett, esq., consul at Guadeloupe, under date of June 22,
1883, writes that dicing J 882 there was imported 29,747 francs' worth of
Spanish doubloons and 870,000 francs of silver coin.
The specie circulation at the close of the year is estimated to have
been:
Silver.
Gold.
Francs.
262, 220
1, 709,398
In the treasury .
In thebank
Francs.
694, 885
260, 625
There is no gold coin in active circulation; the aniount of silver coin
is estiinated at 500,000 francs.
The paxier circulation was 5,003,885 francs.
ALGIERS.
Mr. Alexander Jonrdan, United States consul at Algiers, states that
during 1882 the imports and exports of coin and bullion were:
Imports.
Exports.
Francs.
"Francs.
3, 935, 384
5, 800, 000
24,"76b
Gold..
Silver.
The circulation of the country is estimated as follows:
In treasury.
Francs.
186, 000
576, 000
70,000
Gold coin
S i l v e r coin . . .
Silver bullion
In banks.
I n circulation.
Francs.
18,000,000
10, 000, 000
1, 500, 000
Francs.
30, 000, 000
20, 000, 000
2, 000, 000
The paper currency amounted to 64,000,000 francs, of which 58,000,000
was the issue of the Bank of Algiers.
GERMANY.
Hon. A. A. Sargent, United States minister to Germany, forwarded,
under date of May 30, 1883, a memorandum, furnished by Dr. Busch,
from which it appears that the coinage for 1882 amounted to 13,307,080
marks in gold and 26,920,828 marks in silver. The imports and exports
were:
:
Imports.
i
Exports.
•
Gold coin
Gold bulUon
Silver coin
Silver bullion
:
Kilograms. Kilograms.
9,935
12, 042
1,342
3, 213
.9, 904
, 10,341
33,404'
84, 679
281
DIRECTOR OF THE MINT.
The mines of Germany xnoduced of gold 1,051,000 marks and of
silver 32,763,000 marks. At the end of the year the Imperial Bank and
the German banks held in German and foreign gold coins and in gold
bars 642,391,000 marks. The paper circulation was:
Marks.
In Imperial treasury-notes
In bank-notes
.:
148, 504, 890
1, 033, 569, 000
AUSTRIA-HUNGARY.
Mr. Alphonso Taft, United States minister to Austria, forwards,
under date of Kovember 16, 1882, a communication from Count Hoyos,
relative to monetary statistics of Hungary for the year 1881.
The coinage of the royal mint at Kremnitz amounted to 2,548,725.75
florins in gold and 15,494,763 florins in silver.
During the same year the imports and exx)orts of coin and bullion
were:
.
Imports.
Exports.
Kilograms. Kilograms.
13, 003
1,440
547
173
30, 549
2,908
126, 725
1, 050
Of gold coin
Of gold bullion..
Of silver coin . . .
Of silver bullion
The mines of Hungary produced during 1881,1,563.9023 kilograms of
gold and 17,583.0598 kilograms of silver. At the close of 1881 the Government held of gold 539,810 florins, and of silver 1,500,387 florins.
The bullion supply of the Austro-Hungarian Bank on the 31st December, 1881, amounted to 68,725,532 florins of gold and 122,130,826 florins
of silver.
SWEDEN AND NORWAY.
From Mr. John L. Stevens, our minister to Sweden and IsTorway, has
been received important statistics concerning the coinage, import, &c.,
of the precious metals in that united kingdom for the year 1881.
In Sweden the coinage amounted to 1,270,000 crowns of gold and
1,177,261 crowns of silver.
Tlie imxiorts and exports were:
Imports.
Exports.
Kilograms. Kilograins.
2,130
463
Gold coin
Gold bullion..
Silver coiu . . .
Silver bullion
226
1, 971
841
744
3
The mines x>i'oduced 1 kilogram of gold and 1,176 kilograms of silver.
The circulation at the close of the year was:
Gold.
In treasury and banks
I n circulation
\
.
The paper circulation amounted to .
..
.
.
. . .
Silver.
Crovms.
20, 058, 000
5, 500, 000
Crowns.
4,159 046
11, 000, 000
1, 730 088 crowns.
282
REPORT ON THE i:iNANCES.
In Korway nO gold was coined in 1881. The coiuage of silver
amounted to 235,810 crowns. The imports of gold and silver amounted
to 257,000 crowns and the exports to 932,200 crowns. Only one silver
mine was worked, the'yield of which was 4,812 kilograms.
The Bank of iS^orway held, at the close of 1881, 21,362,000 crowns of
coin and bullion, of which about 150,000 crowns was silver.
The treasury held 839,000 crowns of silver coiu, and there were about
4,000,000 crowns of silver in circuiatiou, besides paper of the banks of
Korway to the amount of 37,654,000 crowns.
TURKEY.
Under date of^ September 7, 1883, Mr. Lew Wallace, the minister to
Turkey, states that the coinage of gold in 1882 amounted to 67,274,000
piasters, equal' to $2,957,365. There w^as no coinage of silver.
The mines of Turkey produced during the last two years, 1881 and
1882, 1,210,625 drains ofsilver and 5,371 drams'of gold.
The circulation of Turkey is placed at 9,000,000 Turkish pounds of
gold, 8,000,000 of silver,, 1,800,000 of other coin, and 1,200,000 of paper.
ROUMANIA.
From Eoumania the United States minister, Mr. Eugene Schuyler,
states, under date of October 27, 1882, that Eoumania coined no golcL
in 1881, and that the coinage of silver amounted to 24,600,000 francs,
for which 22,483 kilograms were imported.
At the end of 1881 there was:
Gold.
Silver.
I n the t r e a s u r y —
I n national banks.
In circulation
Francs.
Fi'ancs.
286, 234. 00
161,396. 90
685, 367. 95 19, 568, 035.14
39,145,730.86
Total.
846, 764. 85 59,000,000.00
Of the silver circulation it is estimated that 29,000,000 francs are in
5-franc xiieces and 30,000,000 fraucs in smaller denominations. The
paper circulation consists of 12,091,730 francs in treasury notes and
58,498,790 francs in national-bank notes.
MADEIRA ISLANDS.
^ ^ Mr. L. Du Pont Syle, consul at Funchal, states that the metallic cir'"Culation in the treasurv, banks, and active circulation is gold, $648,000,
silver., $864,000.
^
TENERIFFE.
c
The vice-consul, Mr. Hugh H. Hamilton, rex)orts, under date of May
2, 1883, that the treasury held $312,742 in gold and $664,578 in silver.
iB'rom this empire Mr. John A. Bingham, United States minister, forwards, under date of September 9,1882, interesting statistics regarding
the monetary affairs.
283
DIRECTOR OF THE MINT.
The amount of coin m the country on December 31, 1881, was as follows:
Gold.
Ten.
5.172, 485
1, 470, 544
86,491,311
In treasury...
Iu banks
In circulation
Silver.
Yen.
5, 418, 719
1, 265, 735
39, 649, 517
The treasury held also 30,379 ounces of gold bullion and 117,321
ouuces of silver bullion. At the same date the xi^PGi" circulation was
105,881,294 yen.
The xiroduction of the mines is given for the fiscal year euded June 30,
1880, and amounted to 6,066 ouuces of gold and 155,418 ouuces of silver.
During the calendar year 1881 there was imported and exported—
Imports.
Gold bullion
Gold coin
Silver bullion
Silver coin
yen
do.
ounces..
".
-
- . .
vp.n . -
917,195
797, 694
Exports.
13 097
2, 021, 035
4,855
5, 238, 051
The coinage for that year amounted to 747,115 yen of gold and
2,927,995 yen of silver.
MOROCCO.
From Tangier Mr. Felix A.. Matthew\s, the United States consul, reX'Orts that no money was coiued in Morocco in 1882. Tbe import of gold
iu coin and bullion was $200,000, aud the export $1,280,460. No niines
are operated in the country.
MEXICO.
The United States minister to Mexico, Mr. P. H. Morgan, sends, under
date of June 28, 1883, very full aud comxilete statistics regarding the
finances of that country.
During 1882 the coinage amounted to $452,590 in gold and $25,146,260
in silver.
There was no import of gold nor silver; the export amounted to
$1,241,419 of gold and $15,822,348 of silver.
The xii'oduction of the mines of Mexico is estimated from mint and
custom-house returns to have been $936,223 in gold and $29,237,798 in
silvei\
,
.
These amounts do not represent the total production, as considerable
is held by private individuals, and also used for manufacturing xmrposes.
On the 30th of June, 1882, the treasury held no gold and $97,877 of
silver, and the National Bank $4,306,495.
National Bank xiaper to the amount of $2,062,520 was in circulation.
The consul-general of the United States at Havana, Adam Badeau,
esq., reports that the iniports and exports of gold and silver in Cuba
were as follows:
'
Gold coin and bullion
Silver coin and bullion
Imports.
Exports.
$2, 558,099
1, 255,823
$3,061, 300
458, 795
284
REPORT ON T H E
FINANCES.
A t the end of the year 1882 the metallic circulation was held as
follows:
'
In the treasury
I n t h e banks
Incirculation
' |3,141,215
11,040,028
14,000,000
..."
The total paper circulation amounted to $44,862,543.
CURAgOA.
Mr. Almont Barnes, United States consul to this island, states that
the colonial paper currency was 148,700 francs.
VENEZUELA.
From Yenezuela, Mr. Jehu Baker, our minister at Caracas, furnishes
a.report on Yenezuelan finances for 1881, from which it axixie^i'S that there
was a gold production of 8,000 ounces.
Bullion was exported amounting to 8,236,304 bolivars, which shows
an increase over that exported in 1880 of 793,975 bolivars.
No statistics ofthe amount of money in the country were attainable.
DUTCH
GUIANA.
Mr. Henry Barnett, vice-consul at Paramaribo, forwards, uuder date
of August 1, 1883, a dispatch relative to the monetary condition of this
colony.
The imports of silver coin were $32,000, and the exports $6,000.
The mines produced-$320,000.
At the close of 1882, the Bank of Surinam, which is the sole bank in
the country, held $60,000 in gold, and had outstanding $379,292 in
paper.
URUGUAY.
From Montevideo the United States consul, Mr. E. L. EusseU, reports that at the end of the year 1882 the banks held $4,601,000 in coin,
which was chiefly gold. The paxier circulation consisted of $3,900,000
of bank notes and $2,086,000 ofnational currency.
MONETARY STATISTICS OF T H E WORLD.
For convenient reference the statistical information contained in the
foregoing summary and attainable from other reliable sources has been
tabulated and accomxianies this report, giving the production, coinage,
and consumption of gold and silver and the metallic and paper circulation of all the principal countries in the world.
THE PRODUCTION OF GOLD AND SILVER IN THE WORLD.
The production ofthe precious metals has been revised for the years
1880 and 1881, and the additional year 1882 added, and is given by producing couutries, as will be seen from the table in the appendix.
The production of twenty countries is estimated from ofScial reports
and other published information to have been for the calendar year
1882, of gold, 155,226 kilograms, valued at $103,161,532, and of silver,
2j633,860 kilograms, amountiug, at the coining rate ofthe silver dollar,
to $109,446,586, showing a decrease from tbe corrected estimate of 1881
of about $4,000,000 iu gold and an increase of about $6,000,000 in silver.
DIRECTOR OF THE MINT.
285
As to two of the foreign couutries, from which, together wuth-the
United States, is obtained the greater part of the annual yield of gold,
namely, Australia and Eussia, the figures for Australia for 1880 and 1882
are taken from official information^contained in my reports, and I have
carefully revised the estimate of the production of that country for 1881.
From official sources the production of gold of Yictoria and New
South Wales for that year is given as 1,007,773 ounces, to which I have
added the mean of the production of Queensland, Tasmania, New Zealand, and South Australia from official sources for 1880 and 1882, giving
as the production of those four provinces the sum of 477,000 ounces,
making a total xn^oduction for Australia for. 1881 of 1,484,773 ounces,
valued at $30,690,000.
With reference to the production of the mines of Eussia, I have no
information later tban for the calendar year 1879, and I have therefore
been obliged to estimate the production for each of the three years embraced in the table as tbe same as for 1879. '
With reference to Mexico, wbicb uext to tbe United States is the
largest xiroducer of silver, its production for 1882 is from official information accompanying tbis rex>ort, and for 1881 1 have taken as the xn'Qduction of that country tbe bullion dexiosited at the niints aud exported
as giveu by olficial x>^^pers.
'^I'he xiroduction of Bolivia for.1882, for lack of any better information
is given as the same as for 18^1, which vvas from ofiicial sources.
THE WORLD'S COINAGE.
In tbe axipendix wi.ll be found a table sbowing the coinages of twentyfour couutries for the calendar years 1880, 1881, and 1882, as far as they
could be ascertained.
O f a total for 1882 of $99,906,986 of gold the United States coined
$65,887,685, and of a total coiuage of $107,997,952 of silver it coined
$27,972,035, greater by about $2,800,000 than that of Mexico, aud larger
than that of auy other couutry iu the world excexit India, which exceeded it by about $1,300,000. '
P A P E R AND SPECIE CIRCULATION OF T H E PRINCIPAL COUNTRIES OF
THE WORLD.
The tables which have been heretofore published in my reports giving the paxier and metallic circulation of the principal couutries of the
world, compiled as far as xiossible from official dispatches and reliable
data; have been corrected and enlarged to as late a date as possible,
and the number of countries embraced has been increased to tbirty-eight.
The total paxier circulation of these countries, embracing the issue of
both Government and bank notes, amounts to $3,832,92p,903, and the^
gold and silver circulation, the latter divided as far as possible into tull
legal tender and limited tender, aniount to $3,333,433,000 gold coin,
$2,712,226,000 silver coiu, a total, including the coin in banks and treasuries, of $6,045,659,0t)0. '
Follovving will be found a table sbowing ouly the paper circulation
and the amount of coin and bullion in national treasuries and banks,
from which it \yould apx)ear that there were in the treasuries and banks
. of the same countries, as far as known, gold and silver coin and bullion
amounting to $1,839,833,440.
From these tables an additional table has been prepared, and is
appended, in which the amouut of coin and bullion iu the national treas-
286
REPORT ON THE FINANCES.
uries and banks has been deducted from the to'tal specie and paper circulation shown by the first table, so as to show the amount of paper and
' specie in active circulation in the countries named, which amounts to
$8,038,746,463. A per capita of ttie circulation of each country is also
given.
I
These tables have been prepared with care after an examination of
the official reports and best authorities accessijile, and though not considered as absolutely correct, may be regarded as a probable approximate statement for each country ofthe amount, character, and disposition of its circulation.
'
CONCLUSION.
Besides the curreut work incident to the supervision and direction of
the business and operations of the mints and iassa}^ offices, the examination aud comparison of their daily reports and monthly and quarterly
accounts, and the testing of the accuracy of their coinage in the assay
laboratory, a large amount of labor has been xierformed in the collection
of information for publication and general use in regard to the supxilies
of gold and silver, of their coinage, consumptidu, and circulation in the
United States and ih the world.
In the discharge of official duties and in the| prexiaration of material
for the annual and special reports emanating from this Bureau I gratefully acknowledge the valuable assistance, skill, industry, and faithfulness of the clerks in my office, as well as of the'officers and clerks in tbe
various mints and assay offices.
;
I am, very respectfully
HOEATIO .C. BUECHAED,
1
Director,
Hon.
C H A R L E S J.
FOLGER
Secretary of the Treasury.
APPENDIX.
I.—DEPOSITS and PUBCHASES of GOLD and SILVEB B U L L I O N during the fiscal year ended June 30, 1883.
A s s a y offices.
Mints.
Total.
Description.
Philadelphia. San Francisco.
Carson.
Denver.
ISTew O r l e a n s .
New
York.
Bois6.
Helena.
Charlotte.
Saint
Louis.
GOLD.
United States bullion (domestic production)
Jewelers' bars, old plate, &c.
$216, 315
190, 735
62, 666
26,484
652, 798
68 $21, 517, 906 06 $1, 472, 624 32 $984, 359 89
95
3, 647 11
10
2, 483, 551 94
177 84
97
2, 329, 807 78
1, 050 60
96
19, 874 14
1,149, 001 66 26, 354, 787 03
415 91
Eedeposits! ^ ^ - X , - , , , , 989, 602 92 •
144, 435 35
Total
1,472,802 16
$9, 363 69 $7, 393, 872 20 $168,274 35 $611,025 86 $103,417 15 $4,483
64 65
34
12,151 18 . 167, 495 55
13,195 07 2,167, 637 21
92
39 02
41,193 .56 4, 508, 374 79
5
37,309 04 1,124, 712 60
1, 068 22 21,118
175 09
18 $32,481, 642 38
79
374,129 23
90
4, 727,143 22
84
6, 906, 083 80
77
1, 858 107 42
3, 274 38
113, 212 54 15,'362, 092 35 168, 274 35 611, 200 95 104, 589 04 25, 735 48
3,890 34 1,194, 329 23
177 47
2, 353 21
334 32
459, 639 98
46, 347,106 05
1 198 635 48
1, 599, 817 63
117,102 88 17,016,061 56 168,608 67 613, 554 16 104, 766 51 25, 735 48
49,145, 559 16
985,410 49
26, 499, 222 38
1, 472, 802 10
988,684 87
81
55
90
58
51
7,211,371 87
3, 843 45
1, 402, 394 17
22,124 00
•3, 547 04
1, 276,182 28
67 84
9, 930 54
11, 829, 666 35
1, 340, 248 80
10,135 17
8, 643, 280 53
183,822 98
1,814 85
1,276,267 11
17,131 66
Total silver received and
operated ux)on
13,180, 050 32
8, 828, 918 36
1, 293, 398 77
9, 930 54
Gold and silver deposits and
purchases
12, 978, 668 01
1^ 1
x ( Gold
990,018 83
Kedeposits^g^^,^^
1, 350, 383 97
34, 998, 067 56
144, 435 35
185, 637 83
2, 749, 069 27
995, 341 03
3, 274 38
8, 642, 990 50 21, 894, 887 25 170, 868, 84 648, 753 40 105, 508 17 32, -86 67
177 47
3, 890 34 1, 653, 969 21
2, 353 21
334 32
59,862 60
50 20
1 09
129, 685 83
7 06
83,216,940 70
2, 798, 453 11
1 742 760 24
T o t a l gold a n d s i l v e r r e c e i v e d a n d o p e r a t e d u p o n 15, 319, 070 81
35, 328,140 74
2, 766, 200 93
998, 615 41
8, 776, 566 67 23, 608, 719 06 171,210 22 651,156 81 105, 686 73 32, 786 67
87, 758,154 05
Total gold received and
2,139, 020 49
o
H
O
o
SILVER.
United States bullion (domes10, 868,745
tic production)
621, 685
United States coin
864
237^565
I'O reign coin
100, 804
Jewelers' bars, old i)late, &c .
Total
Eeaei:,OBits|gX'aSbaVs:
'
•16 99
9, 930 54
17,131 66
37, 549 39
687 90
98 72
3 06
54 65
77 86
2, 594 49
37,552 45
919 13
7 06
50 20
1 09
36, 869 834 65
1, 689, 926 30
52, 833 94
2, 601 55
37,602 65
920 22
7, 051 19 38, 612, .594 89
7, 593, 253 53
9, 361 78
26,067,90
879, 216 69
• 21, 878 06
5, 753; 187, 85
1, 633 66
399, 852 66
127, 627 67
250, 493 06
2, 594 49
8, 529, 777 96
129, 685 83
6, 532, 794 90
19, 037 03
40, 825 57
8, 659, 463 79 6, 592, 657 50
4, 984
292
13
151
1,609
02
66
71
51
29
7,051 19
32,758,487
636, 983
1, 829,193
1,266,757
378,412
68
66
34
09
88
to
GC
n . ~ D E P O S I T S of GOLD of DOMESTIC PBODUCTION during the fiscal year ended June 30, 1883.
to
00
00
A s s a y offices.
Mints.
Total.
Locality.
Philadelphia. San Francisco.
•
Alabama
Alaska
Arizona
California
Colorado
Dakota
Georgia
Idaho
Maine
Maryland
Michigan
Montana
Nevada
N e w Mexico
N o r t h Carolina
Oregon
'..
South Carolina
Tennessee .
Utah
Virginia
"Washington T e r r i t o r y . .
Wyoming
Refined gold
O t h e r - s o u r c e s -....-. z . - . . . -.
T o t a l gold
Carson.
Denver.
N e w Orleans. N e w York.
-$26 77
98i io
1, 747
4,783
75, 542
9, 613
9, 082
75
512
07
00
81
70
m
83
24
966
36
25, 923
45, 512
44
97
48
87
4, 680
271
2, 240
. 2, 843
89
33
99
22
Bois6.
Helena.
Charlotte. SaintLouis.
$817 08
$41, 838
228,117
6, 596,152
100
44
86
15
15
13, 638
21, 868
1, 572,417
3,158,131
77, 887
72, 411
$69,211 03
$984, 359 89
398, 058 25
30, 868 45
400, 804 87
1, 330 14
13
813. 857
20fii 233
67, 986
7, 251
1,123
$9,363 69
3, 385 82
1, 400, 026 87
535, 314 62
99
57
15
26
93
11 $128, 083 74
*•
^
56
44
67
46
09
29
$32, 954 71
740
15
163
354 55 $611, 025 86
4i, 679 69
89, 836 06
287
33, 867
10, 381
115
401
1, 335,181
26, 492 04
1, 501 62
- 2 9 ; 9 7 2 36
13,117,892 65
-162-, 442 81
216, 315 68
21, 517, 906 06
59
85
10
29
71
06
-.._., . _ ,, _
1, 472, 624 32
984, 359.89
9, 363 69
7, 393, 872 20
"
168, 274 35
O
H
O
•
28, 782 85
38, 493 63
$250
3, 314
$843 85
41, 838 44
242,737 95
42
6, 689, 229 84
38
2,564,974 57
3 233 674 07
120,456 34
607, 636 09
75 83
512 24
13 56
1, 470, 562 40
15
0 5 - - 2, 007,117 43
18
95,403 26
94,443 55
576,273 97
33,463 74
558 92
74, 602 47
. 13,224 32
26,607 33
1,903 33
14, 453, 073 71
132,"415'17
- -- —
611.025 86
103,417 15 ^ 4, 483 18
32, 481, 642 38
w
>
O
Ul
m . — D E P O S I T S of SILVEB of DOMESTIC PBODUCTION during the fiscal year ended June 30, 1883.
, Mints.
-:i
A s s a y offices.
Locality.
Total.
Philadelphia.
Alabama
...
Alaska
$12 57
Arizona
^ California
24 84
Colorado . . . .
. .
6, 049 60
613 42
Dakota
Georgia
38 18
Idaho
......
93, 877 35
62
Maine
Maryland
59
M ichigan ( L a k e S u p e r i o r )
11, 856 96
667 24
Montana
Nevada
1,018 47
N e w Mexico
1, 323,189 11
360 52
. N o r t h Carolina
Oregon
South Carolina
..
112 41
1 55
Tennessee
29,139 09
Utah
Virginia
16 31
Wa.shiDgfcon T e r r i t o r y .
Wyoming
8 00
Refined silver
9, 400, 472 05
Other sources
1, 286 93
Total silver
10, 868, 745 81
San Francisco.
Carson.
Denver.
N e w Orleans.
New York.
Bois6.
Helena.
Charlotte. SaintLouis.
$6 15
$365
1, 897, 543
464, 577
1
51
53
18
22
207,
1,
436,
108,
$26, 046 73
$9, 930 54
41, 295 44
122, 980 48
3,139, 205 98
54 24
1, 250,135 55
5, 313 38
323
604
812
361
435
57,643
77
80
09
92
81
94
15, 651
1,296,139
40,144
328, 716
86
156
83
13
42
05
31
28
$3" 42
4, 954 46
$176 33
$1, 974 67
5 44
24 52
87
75
$37, 549 39
341 52
614 38
170 05
632, 834^ 42
352 04
268, 570 31
638, 278 14
7, 211, 371 87
$7, 593, 253 53
1, 276,182 28
9, 930 54
7, 593, 253 53
1
1,949,535
65
2
3
1, 310, 496
07
47
84
51
83
63
5, 753,187 85
2,594 49
37, 549 39
687 90
4, 984 02
$6 15
365 51
879 87
256 97
747 91
975. 34
650 32
194, 791 40
2,104,
492,
457
108,
27,508 79
1, 457, 366 20
4, 430, 505 29
1, 651, 960 15
788 35
6, 084 04
282 46
2 62
2, 611, 508 98
82 15
354 55
11 83
18, 572, 792 52
639, 565 07
o
H
O
w
o
H
K
W
32, 758, 487 68
to
OO
CO
IT.—COINAGE EXECUTED during the fiseal year ended June 30, 1883.
to
o
San F r a n c i s c o .
Philadelphia.
N e w Orleans.
Carson.
Total.
Denomination.
Pieces.
GOLD. .
Double-eagles
Eagles
Half-eagles
T h r e e dollars . . .
Quarter-ea<ylea
Dollars
Totalgold
SILVER.
DoUars
HaU-dollars
.'
Dimes
Total silver.
Value.
Value.
Pieces.
Pieces.
*
Value.
Pieces.
Value.
Pieces.
Valu-e.
o
645
612,115
314, 455
1, 555
4, 055
8 855
$12,900
6,121,150
1,572,275
4, 665
10,137
8, 855
00
00
00
00
50
op
1, 319,000
38, 000
941, 680
7, 729, 982 50
i, 357, 000,
26, 760, 000 00
—
$26, 380, 000 00
380, 000 00
56, 661
6,764
40,617 •
1, 376, 306 $27 526,120
661,179
6,611,790
355, 072
1,775, 360
4, 665
1, 555
4, 055
10,137
8,855
8, 855
$1,133,220 00
67, 640 00
203, 085 00
4,300
$43,000 00
104,042
1, 403, 945 00
4,300
43, 000 00
2, 407, 022
28, 111, 119
5,519
. 16, :U9
7,175,119
00
00
00
00
50
00
35,936,927 50
o
w
28, 111,
2,
4,
717,
H
O
H
W
ft
... ,.
119
759
079
511
00
50
75
90
11, 601,119
5, 519
16,319
7,175,119
11,<601,119
2,759
4, 079
717,511
00
50
75
90
7, 350, 000
7,350,000 00
1,120, 000
1,120, 000 00
8, 040, 000
8, 040, 000 00
18, 798, 076
12,325,470 15
7, 350, 000
7, 350, 000 QO
1,120, 000
1,120, 000 00
8, 040, 000
8, 040, 000 00 ^ 35, 308, 076 28, 835, 470 15
. : . v - ~ . ' -20,-455,488
28, 619
40,467,419
-1,022,774-40858 57
404, 674 19
MINOR.
~ F i v e ceiits-^
Tbree cents
•One c e n t
"
Total minor
60, 951, 526
1,428, 307 16
Total coinage
80, 691, 282
21, 483, 759 81
«.
, 8, 707, 000
34,110, 000 00
1, 224, 042
2, 523, 945 00
8, 044, 300
8, 083, 000 00
20, 455,'488
~
28,619
40, 467, 400
1, 022, 774 40
'
858-57
404, 674 19
60, 951, 526
1, 428, 307 16
98, 666, 624
66, 200, 704 81
a
(72
T . — C O I N AGE EXECUTED duHng the calendar year elided December 31, 1882.
Philadelphia.
San Francisco.
Carson.
N e w Orleans.
Total.
Denomination.
Value.
Pieces.
Pieces.
Value.
Pieces.
Value.
Pieces.
Value.
Pieces.
Value.
.GOLD.
$12, 600
630
2, 324, 480 23, 244, 800
2, 514, 560 12, 572, 800
1,5404, 620
4,040
10.100
5,040
5, 040
D o u b l e-ea^'les
Eagles
T o t a l golcl
.
.
SILVER.
Dollars
Half-dollars
011 fl.rter-dollar s
Dimes
. .
.
*
4, 850, 290
35, 849, 960
!
..
-
-
Total silver
-
1,125, 000 $22, 500, 000
132, 000
1, 320, 000
969,000
4, 845, 000
2, 226, 000
28, 665, 000
31,140
6,764
82, 817
$782, 800
67, 640
414,085
10, 820
$108, 200
128,721
1, 264, 525
10,820
108, 200
1,164,770
2, 474, 064
3,566,377
1,540
4,040
5,040
$23,295, 400
24,740,640
17, 831, 885
4,620
10,100
5,040
7,215,831
65,887,685
. . . . 11,101,100 1 11.101. TOO
2,750
5,500
4,075
16, 300
391,110
3,911,100
15, 034, 000
11, 499, 035
•. 11, 476, 600
25, 300
. . .
38, 581,100
573, 830
759
385, 811
pj
o
•
H
O
9, 250, 000
9, 250, 000
1,133, 000
1,133, 000
6,090,000
6, 090, 000
27,574,100
.
5,500
16, 300
3,911,100
27, 574,. 100
2,750
4, 075
391,100
9, 250, 000
9, 250, 000
1,133, 000
1,133, 000
6, 090, 000
6, 090, 000
31, 507, 000
27, 972, 035
11, 476, 600
25, 300
38, 581,100
573, 830
759
385,811
tei
50, 083, 000
960, 400
l-H
88, 805, 831
94, 820,120
•o
MI^S^OB,
Five cents
Three cents
T o t a l minovTotal coinage
•
.
.
.
. . . . . . 50, 083, 000
960, 400
09, 967, 290
48, 309, 395
11,476,000
37,915,000
1, 261, 721
2, 397, 525
6,100,820
6,198,200
to
Y l . — S T A T E M E N T of EABNINGS and E X P E N D I T U B E S ofi the UNITED STATES MINTS and ASSAY OFFICES for the fiscal year ended
June'30, 1883.
to
to
EABNINGS.
Mints.
A s s a y offices.
Total.
Philadelphia.
P a r t i n g a n d refinino* char^'es
$13, 479
M e l t i n g , alloy, and b a r c h a r g e s
1,751
Melting, assaying, and s t a m p i n g charges.
P r o f i t s on s t a n d a r d s i l v e r dollars c o i n e d . . 1, 518, 226
P r o f i t s on s u b s i d i a r y s i l v e r coined
9,160
P r o f i t s on t h e m a n u f a c t u r e of m i n o r c o i n s . 1,128, 339
P r o f i t s on m e d a l s ' a n d p r o o f coins . . .
.
2, 911
A m o u n t r e c e i v e d from a s s a y s of o r e s
308
G r a i n s , fluxes, a n d s w e e p i n g s
1, 684
M e l t e r a n d refiner's s u r p l u s bullion
4, 542
G a i n s on bullion s h i p p e d t o t h e m i n t
508
P r o c e e d s of sale of old m a t e r i a l
644
P r o f i t s on l e a d v m e l t s sold
Eefunded by A d a m s Express Company
for o v e r c h a r g e i n bills for s h i p p i n g silr e r doUars
9,178
Total
;
30
93
San Francisco.
$143,951 53
4,129 37
N e w Orleans.
$370 22
1, 210 12
Carson.
Denver.
New York.
965,117 84 1,071,563 93
Charlotte.
Helena.
Saint
Louis.
$98, 434 86
3, 089 10
$22,789 01
245 59
$1, 259 74
71
24
82
20
00
96
81
84
12
Bois6.
$213 91
$183 2f
$713 60
$44 33
262 00
287 20
25 82
1,102 50
323 83
264 00
69 75
146, 423 30
168 00
884 44
16, 491 11
99 00
56 18
135 00
946 27
2,787 79
1 15
5 91
333 00
959 61
556 00
7, 835 23
30, 217 33
,
273 15
824 57
36 24
98 22
$279, 024
10,426
2, 414
3,701, 331
-9,160
1,128, 329
2,911
3, 514
12,786
51, 251
1,642
3,438
98
O
O
w
9,178 81
81
. . . . 2, 690, 726 74
92
11
85
78
24
82
20
70
09
25
80
97
22
1,133, 530 08 1,073,300 60
170, 545 08
3, 376 92
140, 230 74
475 91
2,139 93
769 44
414 32
5, 215, 509 76
o
EXPENDITURES.
W
S a l a r i e s of officers a n d c l e r k s
40, 830 64
W a g e s of w o r k m e n
354, 851 08
Contingent expenses, not including wasta g e a n d loss o n s w e e p s
143, 885 10
P a r t i n g a n d refining e x p e n s e s , n o t includi n g w a s t a g e a n d loss qn s w e e p s
8, 358 20
E x p e n s e s of d i s t r i b u t i n g s i l v e r d o l l a r s
^ 37, 440 19
' W a s t a g e , of t h e o p e r a t i v e officers
5, 372 93
L o s s on sale of s w e e p s
4, 042 86
E x p e n s e s of d i s t r i b u t i n g m i n o r coins . . . .
28, 512 54
L o s s on buUion s h i p p e d t o t h e m i n t
M i n o r c o i n a g e raetal w a s t e d . . . .
16, 558 96
Total.....
639, 852 50
40, 982 77
247, 602 50
29, 483 42
84, 567 10
28, 979 22
69, 669 78
10, 950 00
11,145 25
61, 076 07
45, 534 07
27, 756 40
5, 918 99
137, 324
15, 004
19, 476
6,102
87
87
98
90
18, 704 ^6
2, 371 26
2, 464 06
15, 359 10
2, 039 75 •
2, 863 64
38, 239 47
23, 539 25
2, 997 12
4; 020 00
2,750 00
345 30
7, 759 93
10, 079 98
3, 500 00
1, 382 50
206,472 57
807,. 202 74
9, 796 18
980 00
1,105 50
7, 495 75
489 53
304, 037 59
81, 996 06
4, 364 47 •
.
527, 570 96
183,124 57
146, 667 89
28, 014 24
157, P35 43
^
7,997 12
213 96
4,2uu 80
25, 549 62
5, 572 03
-
243, 038
73,189
30, 084
16, 974
28, 512
213
16 558
23
47
81
29
54
96
96
..«/> oAfr
1^
VRl.—BABS MANUFACTUBED during the fiscal year ended Jnne 30, 1883.
Mints.
A s s a y offices.
Description.
Philadelphia.
San
Francisco.
Carson.
Denver.
New
Orleans.
Total.
NewYork.
Boi86.
Helena.
Charlotte.
Saint
Louis.
GOLD.
$381, 508 84
Fine bars
Standard bars
.
$11, 678,319 07
787, 543.24
. .
$988, 684 87
Sterling bars
Mint bars
...
1,325,191 05
2,195, 293 37
381, 508 84
T o t a l gold
•
$i68, 608 67 $613, 554 16 $104, 766 51 $25, 735 48
988,684 87
15, 986, 346 73
168, 608 67
613, 554 16
104, 766 51
$12, 059, 827
787, 543
1 901 349
1 325 191
2,195. 293
91
24
69
05
37
25, 735 48 | 18, 269, 205 26
Fine bars
•
Standard bars
Dnnarted bars
Sterling bars
. . ....
272, 950 21 $1,246,779 85 $17,131 66
6.433,097 0 8 '
15, 312 58
9,930 54
....
2, 601 55
37,602 05
920 22
7, 051 19
7, 969, 958
15,312
rc infi
7 224
7, 051 19
8, 050, 602 10
7, 224 57
Total silver
280,174 78
1, 246, 779 85
17,131 66
9, 930 54
6, 448, 409 66
2, 601 55
37, 602 65
920 22
T o t a l gold a n d s i l v e r
661, 683 62
1,246,779 85
17. ISl fifi
998,615 41
22, 434, 756 39
171, 210 22
651,156 81
105, 686 73
o
H
O
SILVER.
80
58
ifj
57
H
32, 786 67 ° 26, 319, 807 36
to
Till.—BABS MANUFACTUBED duHng the calendar year ended December 31, 1882.
to
CO
Mints.
A s s a y offices.
Description.
Total.
Philadelphia. San Francisco. Carson.
Denver.
N e w Orleans.
New York.
Bois6.
Chai-lotte. S a i n t L o u i s .
Helena.
. GOLD.
$209,185 55
Fine bars
St-andard b a r s
Dnparted bars
Sterling bars
Mint bars ...
T o t a l gold
$9, 477, 654 62
273, 342 50
$516 26
•
$496, 377 60
'
'
.
$678, 669 30
147,162 23
678, 669 30
686, 511 03
2,434,190 03
209,185 55
SILVER.
Fine bars
Sterlino" b a r s
Standard bars
U n p a r t e d bai's
Mint bars
$147,162 23
516 26
496, 377 60
~
12, 871, 698 18
$13,954 90
93, 631 72
13, 954 90
;
•
588,378 47
7,550,491-67
10, 540 79
34,446 31
7, 157 88
_
$9,686,840
273, 342
1,430,312
686 511
2 434 190
^.'-
-
273, 250 31
2, 777 46
$93, 631 72
'
!
i
i
•
•
.
1
2,285 95
105, 848 99
888 15
14, 511,195 74
1,704 2 3 .
152,199 74
o
H
0
i
.
17
50
01
03
03
8, 412,120
2, 777
44 987
117, 885
152,199
45
46
10
20
74
o
•
Total silver
276, 027 77
598, 919 26
7,157 88
7, 737,137 72
• 2, 285 95
105. 848 99
888^ 15
1,704 23
8, 729, 969 95
T o t a l gold a n d s i l v e r .
485, 213 32
599,435 52
503, 535 48
20, 608, 835 90
149, 448 18
784, 518 29
94, 519 87
15, 659 13
23,241,165 69
-
o
(/2
DIRECTOR
OF
THE
295
MINT.
I X . — S T A T E M E N T , by MONTHS, of F I N E GOLD B.IRS E X C H A N G E D for
GOLD COIN at the UNITED STATES M I N T at P H I L A D E L P H I A and U N I T E D
STATES ASSAY O E F I C E at N E W YOBK, from July 1,1882, to June 30, 1883.
Date.
Philadelphia.
New York.
Total.
1882.
July
August
September
October
November............
December
$2, 396, 507 84
1,317,066 53
177, 259 54
143, J l l 40
111, 624 73
79, 934 47
.
$2,396,507 84
1 317 066'53
177,259 54
143,911 40
111 624 73
79, 934 47
1883.
January
February
March..'
April
Mav
June
$21, 791 65
35, 317 71
35,117 29
45,141,98
40,139 69
10, 032 75
:
Total
187, 541 07
613 55
977 02
806 44
748 76
314 61
200 33
192 405 20
264, 294 73
187, 923 73
133 890 74
186, 454 30
170,233 08
5,173, 965 22
5, 361, 506 29
170,
228,
152,
88,
146,
160,
K . ~ C O I N A G E and D E P O S I T S and P U B C H A S E S of, fiscal years 1882 and 1883 comjpared.
COINAGE.
Fiscal years.
1883.
1882.
/
I
Pieces.
Gold
-Silver
Minor
'\
:
...
T o t a l coinage
Value.
Pieces.
Value.
11, 266, 003
27, 821, 300
46, 865, 725
$89,413,447 50
27, 783, 388 75
644, 757 75
2,407, 022
35, 308, 076
60, 951, 526
$35,936, 927 50
28, 835, 470 15
1,428,307 16
85, 953, 028
117, 841, 594 00
98, 666, 624
66,200,704 81
DEPOSITS A N D PURCHASES.
Gold.
F i n e bars
Unparted bars
,
Bullion of domestic production
United States coin
Foreign bullion
Foreign coin
Jewelers' bars, &c
Total
Silver.
Gold.
Silver.
$56, 685, 874 65 $1,648,472 15 11,198,035 48
1, 307, 211 38
138, 913 52 1,599,817 63
31, 298, 511 97 30, 956, 588 18 32, 481, 642 38
599, 356 80
127, 572 40
374, 129 23
12, 783, 807 04 1,426,626 95
4. 727,143 22
20, 304, 810 78
860, 836 22
6, 906, 083 80
1, 770,166 36
348, 867 67
1, 858,107 42
$1, 689, 926 30
52, 833 94
32, 758, 541 91
636, 929 43
1,829,193 34
1, 266, 757 09
378,412 88
124, 749, 738 98 35, 507, 877 09 49,145, 559 16
38, 612,594 89
296
,'
REPORT ON T H E
FINANCES.
(I
^ \ . — M E D A L S and PBOOF SETS SOLD during the fiscal year ended June 30, 1883.
Description.
N u m b e r sold.
'
Value,
MEDALS.
Gold
Silver.
.*
Bronze............
86
1,016
5,787
'$2,913 25
l , 6 e 0 15
9£1 75
Total
6,889
5, 5(15 15
36
1,048
4,946
1, 54 8 00
4, 2] 8 85
9c6 96
6,030
6, 703 81
P R O O F SETS.
Gold
Silver
Nickel....
.°
:
--
Total
J i l l . — C O I N A G E and MEDAL D I E S MANUFACTUBED at the M I N T at P H I L A D E L P H I A during the fiscal year ended June 30,1883.
Denomination.
F o r gold c o i n a g e :
Double-eagle
Eagle
Half-eagle
Three-dollar
Quarter-eagle
Dollar
6
16
4
4
46
5&
32
28
80
26
4
138
127
105
20
92
344
4
4
F o r silver coinage:
Dollar
Half-dollar..-.
Quarter-dollar
Dime .
. . .
Total
Total
1
115
1
115
243
:
1,493
12
190
105
X
92
20
•
1, 695
TOTAL NUMBEB of D I E S . .
Gold coinage
Silvercoinage
Minor coinage
Proof coinage^.
Army marksmanship medals.
Life-saving medals
Presidential medal
Indian peace medal
Annual assay medal
Total
Total.
40
20
20
16
8
Total.
F o r minor coinage
Five cent
Three-cent
One-cent
For New
For PhilaF o r San
F o r Carson.
delphia.
Francisco.
Orleans.
'
460
] , 49a
12
190
: , 695
138
460
1, 695
40
8
3
2
1
1
2,348
DIRECTOR OF T H E
297 ^
MINT.
:S.lll.—MEDALS MANUFACTUBED at the M I N T at P H I L A D E L P H I A during the
fiscal year ended June 30, 1883.
Names.
Adams Academy...'.
Amidon
Army marksmanship (first prize)
Army division marksmanship (firstprize) . . .
Army division marksmanship (second prize).
Array marksmanship (second prize)
' Array departmeut marksmanship
Army marksmanship (third prize)
Army division marksmanship (third prize)...
Allegiance
American Humane Association
Adams, J. Q. (President).
Bi-centennial
Bicycle club
.Blind Asylum
Bridge
Brown memorial
.Buchanan, James (President)
Cincinnati, Society of
Cabinet
Carney
Coinage, first steam
Cathedral
Davis .
Denman School
Diplomatic
Fr an klin
Fleury, Count de
,
Garfield and Lincoln
Georgetown University
Great seal
Garfield, J. A. (President)
Grant, U. S. (President)
:
Hosack, D r . . . .
,
Hayes, R. B. (President)
Ingraham, Captain
Johnson, A. (President)
• Japanese embassy
Ketcham, Jesse
,
Knight Templar pilgrimage
Life saving (first class)
Lincoln School
Lincoln, A. (President)
Linderman, Dr
Massachusetts Charitable Association
McKee (Pittsburgb)
Middlesex, South, AgTicultural Society
Maine State Agricultural Society
'
Massachusetts Horticultural Society
Massachusetts .Humane Society
Marksman's badge
,
Michigan State Agricultural Society
Norman
,
New England Agricultural Society
Perry, Commodore
Pharmacy, College of
'
Presideucy relinquished
Rose, Dr
Saint Louis Agricultural and Mechanical Association.
Saint John's Lodge
Santini....
'.
,
Shakespeare '.
Sagadahoc
Saint John's Commandery
Scott, John ..
Snow den, A. Loudon
Stoddart
Time increases his fame "
Vanderbilt
Washington and Lee University
Wisconsin State Agricultural Society
Total.
Gold.
Silver.
Bronze.
11
19
29
29
29
11
19
100
12
12
70
2
20
10
15
20
30
"is
'm
10
'26
45
37
10
10
10
5
2
10
5,000
7
25 .
25
32
. 3
40
5
"125
50
12
10
12
22
877
5, 725
298
REPORT ON T H E
FINANCES.
XIVo—COMPABATIVE TABLE shoiving the OPEBATIONS for the fiscal years li^^and 1883, at ths COINAGE MINTS and N E W YOBK ASSAY OFFICE.
PHILADELPHIA.
1882..
Gold c o i n a g e
.'.
Minor coinage
Total coinage
v a l u e . - $69, 458, 054 35
$15, 319, 070 70
pieces-.
do
do..-.
8, 270, 450
11,100, 300
46, 865, 725
941, 680
18, 798, 076
60, 951, 526
do.-..
66, 236, 475
v a l u e . . $59, 678, 437
11, 062, 388
do..-.
644, 757
-...do....
71, 385, 584
do....
$238, 878
ddoo . . .
146,163
Gold coinage
Silver c o i n a g e
Minor coinage
Total coinage
Gold b a r s
Silver bars
f
Total bars
do....
Gold o p e r a t e d u p o n b y m e l t e r a n d refiner
S i l v e r o p e r a t e d u p o n b y m e l t e r a n d refiner
Gold o p e r a t e d u p o n b y ' coiner
Silver operated upon by coiner
1883.
—
G o l d " w a s t a g e of raelter a n d refiner
S i l v e r w a s t a g e of m e l t e r a n d refiner
Gold w a s t a g e of c o i n e r
S i l v e r w a s t a g e of c o i n e r . . :
standard ounces-.
do....
:
do..-.
do-.....do-.-do....
do-.-.
.do.--.
80, 691, 282
50
75
75
$7, 729, 982 50
12, 325, 470 15
1, 428, 307 16
00
21, 483, 75 D 81
96
05
$381, 503 84
280,174 78
385, 042 01
8,
, 20,
7,
19,
085, 022
.592, 228
527, 054
578, 321
661, 683 62
'
• 1,231,102
,23,403,427
979, 842
22,187, 911
754
728
295
2, 477
22
4,952
SAN FRANCISCO.
1883.
1882.
Dejiosits
Gold coinage
Sil v e r c o i n a g e
$35,328,140 73
2, 900, 000
11, 000, 000
1,357,000
. 7, 350, 000
do....
Total coinage
-
13, 900, 000
8, 707,000
$28, 850, 000 00
....value..
11,000,000 00
$26, 76P, 0(10 00
7, 350, 000 00
....do---.
G 61 d CO i n ag0
Silver coinage
1.
do.---
39, 850, 000 00
34,110, 0(10 00
do-...
do-..do....
do.-..
$884 30
734,417 28
$1,246,779 85
735, 301 58
1, 246, 779 85
O o l d o p e r a t e d u p o n b y m e l t e r a n d refiner
S i l v e r o p e r a t e d u p o n b y raelter a n d refiner
Oold operated upon by coiner
Silver o p e r a t e d ' u p o n b y c o i n e r
standard ounces..
do:..do....
do....
2, 961, 882
18, 919, 514
2, 988, 957
18, 202, 319
2, 671, 989
13, 97^:-, 639
2,651,370
12, 628, 737
Gold w a s t a g e of m e l t e r a n d refiner
Silver w a s t a g e of m e l t e r a n d r e f i n e r . . . : . . :
Gold w a s t a g e of c o i n e r
S i l v e r w a s t a g e of c o i n e r
do...do..-.
do....
do....
170
979
16, 573
134
638
Total coinage
Gold bars
Silver bars
^
I
'.
Total bars
\
. v a l u e . . $38, 715, 497 04
...pieces--
DIRECTOR
OF T H E
299
MINT.
%lW.—COMP.dBATIVE TABLE shoiving the OPEBATIONS for the f s cal years ltiS2
and 1883, at the COINAGE MINTS, ^c—Continned.
CARSON.
1882.
Deposits ... -
-
Gold coinage
".
'Silver coinage
i
Total coinage..Gold coinage
:
-
$2, 766, 200 93
85, 383
763, 000
104, 042
1,120, 000
do —
848, 383
• 1, 224, 042
value.
$783,310 00
763, 000 00
$1, 403, 945 00
1,120, 000 00
do—
1, 546, 310 00
2,523,945 00
do —
"Gold bars
Silver bars
$2, 020, 335 29
do...
Silver coinage
Total coinage
value-.
pieces..
$17,131 ,66
do...
,
17,131 66
do
Total bars
do...
Gold operated upon by raelter and refiner
standard ounces..
Si Iver operated upon by melter<and refiner
do —
Gold operated upon by coiner
do—
Silver operated upon by coiner
do...
Gold wastage of melter and refiner
do—
Silver wastage of melter and refiner
do...
Goid wastage of coiner
do...
Silver wastage of coiner. -.'
do...
N E W ORLEANS.
102,107
1, 661, 790
88, 058
1,416, 926
Goldxoinage
Silver coinage ...-.
1883.
value.
$5, 367, 449 03
$8, 776, 566 66
pieces.
, 10,170
4, 958, 000
4,300
8, 040, 000
4,968,170
8, 044, 300
$43, 000
8, 040, 000
do-..
Total coiuage.
92
•660
6
366
67 I
383 i
5!
278
1882.
Deposits
' 148,207
2, 553, 537
160, 977
2, 039, 355
do...
Gold coinage
value.
$101, 700
4, 958, 000
Silver coinage
do...
5, 059, 700
8, 083;. 000
do...
14, 520
8,100, 725
12,244
8, 096, 216
12, 675
13, 849, 995
6,378
13, 073,130
' Total coiuage
Gold operated upon by raelter and refiner
Silver operated upon h j raelter and refiner
Gold operated upon by coiner
Silver operated upon by coiner
Gold wastage of melter and refiner
Silver wastage of raelter and refiner
Gold wastage of coiner
i
Silver wastage of coiner
standard ounces.
do...
do...
do...
do...
do. -.
'.
do...
do..,
13
1,972
1,656
545
'"'566
N E W YORK ASSAY OFFICE.
Gold deposits
value.
Silver deposits
do. -.
Total deposits
Gold, fine
@FedFRASER