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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 a: rt; Pi O w H rt rt > Ul 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 rt rt o Pi O rt >^ rt OQ rt o rt rt ^ rt o >^ H w rt rt rt OQ d rt Kj 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 rt rt rt o rt ^ o rt H w rt OQ 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 rt o rt rt > 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 rt w rt H rt rt > Ul d rt to 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 rt OQ 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 W o w rt ^ rt K{ 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) H O rt H w TREASURY NOTES OF 1846. Actof July 22, 1846 (9 Statutes, 39) rt rt rt o rt 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 o rt 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' rt H rt W \> Ul d rt Kj 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 rt o 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 H O rt 1, 090, 850 00 7, 500 00 rt OREGON WAR DEBT. Actof March 2, 1861 (12 Statutes, 198) rt 20 years. ' July 1,1881... 6 per cent. Par .2, 800, 000 00 rt 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 rt rt 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 o rt H •W rt H rt rt > Ul '^" Act of J u l y 17, 1861 (12 Statutes, 259) rt Q d 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. w rt rt 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 H O rt H W rt OQ rt o rt rt Pi Kj. 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). O rt H W rt H W rt t> Ul 1 year 1 year after 6 per cent... Par date. ! • Indefinite... On presentation. None . Par. d rt Kj FRACTIONAL CURRENCY. Acts of July 17.1862 (12 Statutes, 592), March 3,1863 (12 Statutes, 711), and June 30, 1864 (13 Statutes, 220). o rt 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 rt rt o o 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 rt TWO-YEAR NOTES OF 1863. Act of March 3,1863 (12 Statutes, 710) : rt 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) Kj ^ • rt 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. rt o rt rt > Pi o FIYE-TWENTIES OF JUNE, 1864. Act of June 30, 1864 (13 Statutes, 218) rt H rt W P> d C/l 3 iDcr cent... Par Indefinite 14, 000, 000 00 .14, 000, 000 00 rt Kj Oi OO 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 H O" 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. Ul rt o rt rt 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). rt rt rt o rt- 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. H rt rt> Ul d rt Kj 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 rt rt rt O rt H O- rt w rt OQ rt o rt rt (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. Pi Kj o rt W rt H rt rt ^ $1500,000,00000 OQ d Pi (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 Kj oo 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 rt rt 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. Pi H 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. H 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 rt Q rt rt H > rt o rt w rt H rt rt J> 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 rt Ul OQ Indefinite. On demand . . . None . Par . No limit. 64, 780, 000 00 13,375,000 00 d rt Kj 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 H O rt H" d rt 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 Kj O .o >^ Indefinite... At pleasure of 3^ per cent.. Par the Government. 35, 083, 900 CO W rt 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. OQ rt o rt rt H > rt o 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. rt rt rt o rt Pi Indefinite... A t plea.sureof the Government. 304, 204, 350 00 3 per cent... Par rt > d rt Ul 1,884,171,728 07 Kj • OO •^g • Railway companies. II r 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 3J <j 64, 623, 512 00 885,120 303, 000 236, 512 600, 000 970, 560 628, 320 P B III 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). rt rt rt o rt O 60 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 rt Ul W o rt ,w H > rt >< o >^ H w •rt W rt Ul d Pi Kj 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 Ul rt o rt rt H 39,835, 039 .86 9, 881, 444 25 29, 953, 595 61 Pi 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 H 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 rt W rt O rt H O. rt 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 > o rt rt rt rt > Ul d w Kj 31,116, 397 19 oo CD T A B L E T^.—STATEMENT of 30-YEAB 6 PEB CENT. BONDS, ^"c—Continued. ® ce t l fl IP fH p,P<© CtH'C} Railway companies. •S fl Pl+3 -*- ©_g bJO o ' o P^,fl •a^^ 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 ' - • ^ ?3 rt rt o pi H o $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 o O O 43.3 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 rt d rt OQ rt o pi rt H t> 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 rt Kj O rt H d rt H rt rt > Ul d rt Kj 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 rt rt rt O rt 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 W rt 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 O rt rt o rt rt H > Pi Kj O rt W rt H rt rt l> Ul d rt Kj 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.) . rt .o rt s".aJ3 ^ 03 O <» CS C5 O K5 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. w rt Ul rt o rt rt > Pi Kj o rt w rt H rt rt > Ul d rt Kj 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. rt rt rt O pi H O rt H d rt oo rt o rt rt H Pi Kj H w rt rt rt Ul d .rt Kj OO '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 <0 O S^.2 ^sS ?.-zl o ® H fl 5 Carried to- ^co Carried from— III 43 Ci u. |2 2 6 !=> ^'c w rt Ul 43 O t^ rt o rt rt ® fl III > W5 •-i fl © OH PH 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"*^"*^ H f> Pi M 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 rt rt rt O rt H O rt H 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 Kj o rt H w rt Pi rt Ul d Pi 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— rt -Sag Pi . a CO H a,fl rfl>H'-H. |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 fl o <=)H P , 0 c3 B OM 39, 1, 743, 7, 2, 502, 976, 130, 70, 46, 5, 33, 139, 29, 22, 13, w --r O U 1 © ^ ^^afl Totals o rt O Carried •^ 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 rt rt: rt 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 rt Ul rt o rt rt > 7i Ki o rt w rt H Pi 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 rt > Ul d rt Kj 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. ^ •5r= rt rt rt O rt H O rt 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§ H d K 00 rt rt rt H > rt Q Kj O rt w rt H rt rt > Ul •d rt •Kj 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 rt rt rt o rt H O rt d rt Ul rt o rt rt ^ rt K^ o rt H w 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 rt 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 rt 18,714,750 12,476,500 3, 032, 500 6, 065, 000 52, 784, 250 3, 293,190 2,195, 460 rt > 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 ' Kj 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. rt ^ O lOOO's. 'pi H 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 w rt Ul rt o rt rt H 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 d rt rt rt p> Ul d rt Kj 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 ' rt rt rt o rt H O rt. H W rt Ul rt o rt rt rt Kj O rt H w rt Hi rt rt > Ul d rt Kj 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 > 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 Kj O w Pi t> Ul Pi 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