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ANNUAL REPORT
OF THE
SECRETARY OF .THE TREASURY
ON THE
STATE OF THE FINANCES
FOE
T H E Y E A . R 1888«
^
WASHINGTON:
GOVERNMENT PRINTING OFFICE.
1888.
H. E x ; 2
1
CO
001SrTEN"TS.
Page.
R E C E I P T S AND E X P E N D I T U K E S
•.
xxi
SINKING F U N D —
xxiv
SURPLUS R E V E N U E
™
P U R C H A S E O F BONDS
-
-.
-
R E D U C T I O N O F TAXATION
-
xxyii
CURRENCY CIRCULATION
xxviii
S I L V E R COINAGE
xxix
C O I N CERTIFICATES .,
-
P U B L I C MONEYS
xxx
-.
xxx
CUSTOMS ADMINISTRATION
xxxi-xxxiii
Incongruities of -the Tariff Schedules
Condition and Needs of t h e Service
Consolidation of Districts
Fixed Salaries for Collectors and Surveyors
Conference of Local Appraisers
- -.
xxxii
xxxii
xxxiii
- xxxiii
xxxiii
»
„
F O R E I G N COMMERCE
xxxiii-xxxviii
Merchandise
" Specie
Exports
Imports
Imports Entered for Consumption
xxxiii
xxxiv
xxxiv
XXXV
xxxvi
F O R E I G N CARRYING T R A D E
xxxviii
IMMIGRATION
NAVIGATION
xxv
xxvi
'
'.
xxxix
,
XLI
INTERNAL R E V E N U E
XLII
A NON-PARTISAN C I V I L S E R V I C E
xnv
REVENUE-MARINE SERVICE
XLV
LIFE-SAVING SERVICE
XLVI
MARINE-HOSPITAL SERVICE . . . „
^
XLVII
STEAMBOAT-INSPECTION S E R V I C E
XLIX
L I G H T - H O U S E .SERVICE
LII
COAST AND GEODETIC S U R V E Y . . .
LIII
E N G R A V I N G AND P R I N T I N G
LVI
P U B L I C BUILDINGS
LVU'
HALL O F RECORDS
LVIU
D I S T R I C T O F COLUMBIA
,
R E P O R T S O F H E A D S O F O F F I C E S , ETC
LIX
'
LIX
Tables Accompanying the Report,
TABLE A.—Statement of the oustanding principal of the public debt J u n e
30,1888
TABLE B.—Statement of the outstanding principal of the public debt each
year from 1791 to 1888
^^Y
III
LXiii
LXXI
IV
CONTENTS.
Page.
TABLE C.—Analysis of the principal of the public debt from J u l y . l , 1856,
to J u l y 1, 1888
LXXII
TABLE D.—Statement of the issue and redemption of loans and Treasury
notes during the fiscal year 1888
LXXiv
TABLE E.—Statement showing the purchase of bonds on account of the sinking fund during the fiscalyear 1888
-.
LXXV
TABLE F.—Sinking fund account fcr the fiscal year 1888..
JILXXXI
TABLE G.—Statement of 30-year 6 i^er cent, bonds issued to the several Pa'
cific railway companies
Lxxxii
TABLE H.—Statement showing the changes in the interest-bearing debt during the year ended October 31, 1888
LXXXiii
TABLE I.—Statement showing the amount of gold and silver coin and bull' ion; gold, silver, and currency certificates; United States'
notes, and national and State bank notes in th^ United States
and distribution thereof each year, from June 30, 1860, to J u n e
30, 1 8 8 8 . . , . . :
Lxxxv
Diagram, showing the amount of national-bank notes in circulation, gold,
,
silver, and United States notes in the Treasury, with the corresponding liability in outstanding gold, silver, and currency
certificates, with the reduction o f t h e public debt
.Lxxxvi
TABLE J.—Statement of the standard silver dollars, silver bullion, and subsidiary silver coin in the Treasury at the end of each mpnth
from December 31, 1877, to October 31, 1888
Lxxxvii
TABLE K.—Statement of the annual appropriations made by Congress for
each fiscal year from 1879 to 1889
Lxxxix
TABLE L.—Statement of the net receii^ts during the year
xc
TABLE M.—Statement of the net disbursements dui?ing the year
xci
TABLE>N.—Statement of the net receipts and disbursements for the quarter
ending September 30, 1888
xciii
TABLE 0.—Statement of the receipts of the United States from March 4,1789, ,
to J u n e 30, 1888..:
i
xciv
TABLE P.—Statement of the expenditures of the United States from March
4, 17^9, to J u n e 30, 1888
-.
xcviii
TABLE Q.—Statement of receipts aud disbursements by United States assistant
J
treasurers during the year
cii
TABLE R.—Statement showing the value of imported merchandise entered for
consumption in the United States, with the amount of ordinary
duty collected thereon, during the fiscal year 1888
CVii
TABLE S.—Statement showing the receipts from taxes from various sources
during thefiscal year 1888....
cxxi
TABLE T.—Statement showing the present liabilities of the United States to
Indian tribes under treaty stipulations
cxxiv
TABLE U.—Statement of redeemed United States securities received, by the
Oflice of the Secretary of the Treasury for final count, examination, and destruction, during the fiscal year
cxxix
TABLE y.—Statement of distinctive paper, silk-threaded fiber, issued from
,^
the Office of the Secretary of the Treasuiy to the Bureau of
Engraving and Printing, and deliveries and balancesof t h e
same, for national-bank currency, series 1882, for t h e fiscal year
r888
cxxx
TABLE W.—Statement of United Statfes bonds and other obligations received
and issued by the- Ofiice of the Secretary of the Treasury, from
November 1, 1885, to October 31, 1888
cxxxi
CONTENTS.
V
APPENDIX TO THE REPORT.
REPORTS OF HEADS OF BUREAUS AND SUPERVISING SPECIAL AGENT.
Index to Contents of Appendix.—Keports: Treasurer, v ; Director of Mint, viii; Commissioner of Intei Dai Revenue, XI; Comptroller of Currency, xii; Chief of Bureau
, of Engraving and Printingr, XIV; First Comptroller, xiv; Second Comptroller, XIV;
Commissioner of Castoms, XV; First Auditor, x v ; Second Auditor, x v ; Third
, Auditor, XVI; Fourth Auditor. XVII; Fifth Auditor, xvi; Sixth Auditor, xvil; Register, xvii; Supervising Special Agent, X)X. ^
R E P O R T OF T H E TREASURER
PagG.
3-89
..
Receipts and expenditures,-,
The state of the Treasury
Unavailable funds
The public debt
•
Coin and paper circulation
United States notes
^
Certificates of deposit, act of June 8, 1872
Gold certificates
.'
Silver certificates
^
Standard silver dollars.
,
Fractional silver coin
Minor coin
Recoinage of uncurrent coins
Mutilated, stolen, and counterfeit currency
,
Fractional currency
• Postal revenues
Speaker's certificates
Receipts from customs at New York
Clearing-house transactions
Geneva award
National banks
..... =
-...
Semi-annual duty
Indian trust funds
MisceUaneous trusts
,
Pacific railroad, sinking funds.
District of Cdlumbia trust funds
• Captured and abandoned property
Redemption of national-bank notes
Fiscal year ending Jnne 30, 1889
Work of the office
1
3
4
5
1
5
„...
6
,
7
8
8
...
9
10.
12
13
. 13
...14
15
16
16
:..
16
'^ 17
18
18
20
.-..
20
21*..
21
22
i...
22
22
25
25
Table No.
1. Receipts and expenditures for the fiscal year 1888, as shown
by warrants issued
..*.
Table No. 2. Comparative statement of balances in the Treasury at the
close ofthe fiscal Vears 1887 and 1888
.'
Table No. 3. Explanatory statement of the dift'erences between the balance in the Treasury J u n e 30, 1888,'as shown b y t h e
precediugNStatements and the books of the Register, and
• the cash as shown by the public-debt statement published J u n e 30, 1888...
Table No. 4. Total amount of the classified receipts and disbursements
on account of transfers, revenues, redemption, and exchanges, by Treasury offices, for the fiscal year ending
J u n e 30. 1888.......
27
'
28
28
29
VI
CONTENTS.
V
R E P O R T OF THE TREASURER—Continued.
0
Page.
,
Table No.
JJ
5. Receipts and expenditures on • account of the Post-Office
Department for the fiscal year 1888, as shown by warrants paid
ii
.Table' No. 6. Semi-annual duty assessed upon and collected from national
banks by the Treasurer of the United States for t h e fiscal
'
yea.rs from 1864 to 1888, inclusive..'..
Table No, 7. Balances standing to the^ credit of disbursing officers and
agents of the United s/ates, J u n e 30, 1888
Table No. 8. Assets and liabilities of the Treasury of the United States,
J u n e 3 0 , 1887.,
:
Table No. 9. Assets and. liabilities of the Treasury of the iJnited States,
J u n e 3 0 , 1888
Table No. 10. Assets and liabilities of,the Treasury of the United States,
September 30, 1888
Table No. 11. Unavailable funds of the general Treasury and of the PostOffice Department
Table No. 12. Assets and liabilities of t h e several offices of the Treasury,
J u n e 3 0 , 1888
,
Table No. 13. Composition and distribution of the bullion fund, by offices, J u n e 30,1888
Table No. 14. Character and distribution of the assets and liabilities of
the Treasury and reconciliation of the balance with the
books o f t h e Register of the Treasury, J u n e 30, 1888.-—
Table No. 15. Statement, by loaiis, of United States bonds held in t r u s t
for national banks, J u n e 30, 1888, and of changes during the fiscal year 1888 in the character of bonds h e l d . .
Table No. 16. Dates when each issue of United States currency began and
ceased
Table No. 17. United States currency of each issue and denomination issued, redeemed, and outstanding at the close of the fiscal
yearl888
Table No. 18. Redemption of United States currency for t h e fiscal year'
^^
1888, total redemptions to J u n e 30, 1888, and deductions
on account of m u t i l a t i o n s . . . .
Table No. 19. ^Issues and redemptions of United States notes by denominations and by fiscal years
Table No. 20. United States notes outstanding and redeemed and percentage of redemptions from the first year after t h e issue
ceased
Table No. 21, United States currency of each issue outstanding at the close
of each fiscal year from 1862 to 1888
Table No. 22. Silver certificate sissued, redeemed, and outstanding, by series anci denominations
Table No. 23. Gold certificates issued, redeemed, and outstanding, by series
and denominations
;-Table No. 24. United States currency issued, redeemed, and outstanding,
by denominations, at the close of the fiscal year 1888...
Table No. 25. Amount and percentage of total outstanding of each denomination of United States notes, gold certificates,'act of
J u l y 12, 1882, and silver certificates, at t h e close of each
fiscal year from 1878 to 1888, including $1,000,000 of unknown denominations of United States notes destroyed.
Table No. 26. Seven-thirty notes issued, redeemed, and outstanding
Table No. 27. Coupons from United States bonds and interest notes, paid
. during the fiscal year 1888, classified by loans
.-,
30
30
30
31
32
33
34
35
35
36
37
37
38
41
41
47
55
56
56
57
58
61
61
CONTENTS.
^ '
SIEPORT OF T H E TREASURER—Continued.
vn
PagGi
^ >
Table No. 28. Number and amount of checks issued for interest on registered bonds of t h e United States during the fiscal year"
1888...
• 61
Table No. 29. Interest on 3.65 per cent, bonds of t h e District of Columbia paid during the fiscal year 1888
61
Table No. 30. Refunding certificates issued under t h e act of February 26,
1879, converted into bonds of the funded loan of 1907..
61
Table No. 31. Total amount of United States bonds retired for t h e sinking
fund from May, 1869, to J u n e 30, 1888
62
Table No, 32. Total amount of United States bonds retired from May, 1869,
to JuneSO, 1888
63
T a b l e No, 33. Bonds of t h e loans given in statement,No. 32 retired prior
t o M a y , 1869
[
64
Table No. 34. Called bonds redeemed and outstanding J u n e 30, 1888
65
Table No. 35. Changes during the fiscal year 1888 in the principal of the
interest-bearing debt and debt on which interest bas
ceased
„
68
Table No. 36. Recapitulation of t h e publ,ic-debt statement for the close of
each fiscal year from J u n e 30, 1880, to J u n e 30, 1888, in
'
the form used since J u l y 1, 1885
69
Table No. 37. Balanced statement of receipts and deliveries of moneys by
t h e national bank redemption agency for the fiscal year . .
1888
71
Table No. 38. Balanced statement of receipts and deliveries of moneys by
t h e national bank redemption agency, from J u l y 1, 1874,
to J u n e 30, 1888
1
71
Table No. 39. National-bank notes received for redemption during each
month of the fiscal year 1888 from the principal cities
and other places
72
Table No. 40. Result of t h e count of national-bank notes received for redemption, by fiscal years, to J u n e 30, 1888
72
Table No. 41. Mode of payment for notes redeemed by t h e national-bank
redemption agency, by fiscal years, to J u n e 30, 1888
73
Table No. 42. Disposition made of t h e notes redeemed by t h e nationalbank redemption agency, by fiscal years, to J u n e 30,
1888
7a
Table No. 43. Deposits, redemptions, assessments for expenses, and trans-;
fers and repayments on account of the 5 per cent, redemption fund of national banks, by fiscal years, to J u n e 30,
1888, and balance of t h e deposits at t h e close of each
year
74
Table No. 44. Deposits, redemptions, and transfers and repayments on account of national banks t h a t have failed, by fiscal years,
to J u n e 30, 1888, and balance of the deposits at the close
ofeacbyear
,.„...
74
Table No, 45. Deposits, redemptions, and transfers and repayments on account of national banks in liquidation, by fiscal years,
to J u n e 30, 1888, and balance of t h e deposits at the close
ofeacbyear
,.;
.....„„...
7S
Table No. 46. Deposits, redemptions, and transfers and repayments on account of national banks reducing circulation, by fiscal
years, to J u n e 30, 1888, and balance of t h e deposits at
t b e close of each year
75
VIII
•
,
CONTENTS 1
'
'
PagSi,
B E P O R T OF T H E TREASURER—Continued,
Table No. 47. Aggregate deposits, redemptions, and transfers and, repayments on account of national banks failed, in liquidation,
and reducing circulation, by fiscal years, to J u n e 30,
1888, and balance of the deposits at the close of each
year
76
Table No. 48. Packages of nationalrbank notes delivered during the fiscal
yearl888
76
Table No. 49. Expenses incurred i n t h e redemption of national-bank notes
• during the fiscal year 1888
76
Table No. 50. Monthly receipts from customs at New York from April, 1887,
to September, 1888, and percentage of each kind of
money received..
77
Table No. 51. Shipments of silver coin from Treasury offices and mints
from J u l y 1,1885, to J u n e 30,1888, inclusive, as per their
reports to this office
79
Table No. 52. Shipments of silver coin since J u n e 30, 1885, from Treasury
: ,.
. . .
offices and mints, t h e charges thereon for transportation,
and the average cost per $1,000...,
80
Table No. 53. United States notes in the Treasury, and certificates of deposit, act of J u n e 8, 1872, in the Treasury and in circulation, at the end of each month, from March, 1878, to
Sei)tember, 1888
81
• Table No. 54. Amount of gold coin and bullion in the Treasury and of gold
certificates outstanding at the e n d o f each month from
March, 1878, to September, 1888
8a
Table No. 55. Amount of standard silver dollars coined, in the Treasury,
and in circulation, and of silver certificates outstanding,
at t h e end of each month, from March, 1878, to Septem. '.
ber, 1888
'
85
Table No. 56.. Coinage, movement, and expense of movement of standard
silver dollars, by quarters, to J u n e 30, 1888
87*
Table No. 57. Amount of fractional silver coin in the Treasury at the end
of each month from May, 1879, to Septeinber, 1 8 8 8 . . . . . .
8&
Table No. 58. Changes during the fiscal year 1888 in the force employed
-,
in the Treasurer's office
88'
Table No..59. Appropriations made for and salaries paid to the force employed in the Treasurer's office during the fiscal year '
1888
...._....'
89Table No. 60. Number oi drafts issued on warrants during t h e fiscal year
1888 . . . • - . - . . . •
m
Table No. 61. Letters, telegrams, and money packages received a n a transmitted during the fiscal year 1888
89
E E P O R T OF T H E DIRECTOR OF THE M I N T
Deposits and purchase of gold and silver
* ' Coinage
Manufacture of gold and silver bars
Medals and dies manufactured
Exchange of gold bars for gold coin
Refining by acids
,
Silver purchases
Price of silver
Circulatiori of silver dollars
...^
Distribution of silver dollars
, Subsidiary silver coinage.
90-285
90
92^^
'93
94
94
95
96
'
97
*^99
,..
99
...
100'
CONTENTS.
IX
Page. ,
R E P O R T OF T H E DIRECTOR OF THE MINT—Contiiiued.
Trade-dollar recoinage
.^
Seigniorage on silver coinage
Minor coinage
Appropriations and expenditures
Earnings and expenses of refineries of mints and assay office at New York.
Earnings and exjjenditures of mints and assay offices
1
Classified statement of expenditures, 1888
Summary of operations at mints and assay offices
Annual trial of coins i
.i
Values of foreign coins
Regulations governing the transaction of business
Imports and exports of gold and silver
Production of gold and silver in the United States.
Industrial employment of gold and silver in the United States
Stock of coin in the United States
'
Proposed legislation: .
New designs of United States c o i n . . . .
Deliveries of coin within the calendar year of date
Operative wastage of bullion
Redemption of mutilated silvercoin
Proposed discontinuance of three-cent nickel coinage:
Proposed discontinuance of three-doilar gold coinage
Proposed discontinuance of coinage of three-dollar and one-dollar
gold pieces, and limitation of coinage of the double eagle
Proposed amendment of laws
,.
Bill for t h e . relief of James C. Booth, deceased, late melter and
,
refiner, United States mint at Philadelphia
Technical operations of mints
World's annual production of gold and silver
World's coinage
;
'
Monetary statistics of foreign countries
-. . :
Conclusion
102:
lOa
104
• 106
109
110
110 '
112
134
135
142°
143
144
146
• 150
153
160
160
161
162
162
16a
165
166
168
l74
. 175
• 176
197
Ap;pen(Lix.
Table No. 1.—Deposits and purchases of gold and silver, by weight
198
Table No. 2.—Deposits and purchases of gold and silver, by value
200
Table No. 3.—Deposits of unrefined gold of domestic production, with the
States and Territories producing the same, and of refined
domestic bullion not distributed1.
202
Table No. 4.—Deposits of unrefined gold of domestic production, with the
States and Territories producing the same, and of refined
domestic bullion not distributed
204
Table No. 5.—Deposits of unrefined silver of domestic i)roduction, with
the States and Territories producing the same, and of
refined domestic bullion not distributed
206
Table.No. 6.—Deposits of unrefined silver of domestic production, with
. the States and Territories producing the same, and of .
^
refined domestic bullion not distributed
208
Table No. 7.—Bars manufactured of gold and silver, by weight
^210
Table No. 8.—Bars manufactured of gold and silver, by value
,.
210
, Table No. 9.—Coinage executed in the mints during the fiscal year . - . ^ .
212
Table No, 10.—Coinage executed at the mints during the calendar y e a r . . .
212
Table No. 11.—Earnings and expenditures of the mints and assay offices..
214
X
CONTENTS.
Page.
R E P O R T O F T H E D I R E C T O R O F T H E MINT—Continued.
Table No. 12.—Seignorage on coinage of silver a t t h e mints, and disposiN !
tion of same
,
Table No. 13.—Assets and liabilities of mints and assay offices
Table No. 14.—Medals manufactured at the mint at Philadelphia
Table No. 15.—Medals and proof coin sold
Table No. 16.—Coinage dies executed at the mint a t Philadelphia
Table No. 17.—Expenditures from silver profit fund on account of transportation of silver c o i n . . .
Table No. 18.—Expenditures for distribution of minor coins
Table No. 19.—Wastage and loss of sweeps
Table No. 20.—Quantity and cost of silver bullion delivered on purchases
a t coinage mints, and number of silver dollars coined..
Table No. 21.—Silver bullion purchases
'
rTable No. 22.—Quantity and cost of silver used in t h e coinage of silver
'
dollars, and wasted and sold in sweeps, a t each mint
Table No. 23.—Quantity and cost of silver used in t h e coinage of silver
dollars, and wasted and sold in sweeps.,
Table No. 24.—^Cost of t h e silver bullion contracted for and delivered,
w^ith the valne and cost of the coinage of silver dollars.
Table No. 25.—Purchase and coinage into silver dollars of $2,000,000
/
worth of silver bullion
Table No. 26.—Highest, lowest, and average of a United States silver
dollar, measured by the market price of silver, and t h e
quantity of silver purchasable with a dollar a t t h e
average London price of silver, each year since 1873
Table No. 27.—Degrees of fineness of coinage of calendar year 1887, in
percentages of whole number of coins assayed by assay
commission
^...
Table No. 28.—Comparison ofthe business of the mints and assay offices.
Table No. 29.—Imports and exports of gold and silver coin and bullion..
Table No. 30.—Values of gold and silver ores imported and exported
Table No. 31.—Manifested imports and exports of gold and silver a t San
Francisco
Table No. 32.—imports of gold and silver coin and bullion a t New Orleans
Table No. 33.—Imports of gold and silver coin and bullion a t El Paso,
.
,. ^
Tex
,
Table No. 34.—Unrefined gold and silver of domestic production, and its
distribution by States and Territories; also refined domestic bullion (not distributed) deposited a t the mints
c
and assay offices from their organization to the close of
the last fiscal year
Table No. 35.—Recoinage of trade-dollars redeemed under act of March 3,
1887
Table No, 36.—Coinage a t t h e mints from their organization, by calendar
years, and by denomination of pieces
Table No. 37.—Production of gold and silver in the United States, from
the organization of the Mint, in 1792 to 1844, and annually since
Table No. 38.—Ratio of silver to gold, each year, since 1687
.Table No. 39.—Coinage of nations—calendar years, except for Mexico and
Brazil and for India in 1884
Table No. 40.—The world's production of gold and silver
216
218
220
221
221
222
223
223
224
225
,
226
228
230
23i
232
233
236
241
248
249
250
250
251
252
256
^
280
281
282
284
CONTENTS.
/
E E P O R T O F THE COMMISSIONER OF INTERNAL R E V E N U E
XI
Page.
..286-422
Tables
286
Estimated collections for current fiscal year
287,
Aggregate recei pts for each of last seven fiscal years
287
Receipts by sources for last two fiscal years
287
AVithdrawals for consumption during last t w o fiscal years
289
Aggregate receipts by States and Territories during fiscal year 1888...
289
Receipts by sources for first three months of current fiscal year
•
290,
Cost of collection
291
•General condition of the service
v
291
Miscellaneous expeuses..-.
291
Work and expenses.of revenue agents
292
Illicit stills seized, persons arrested, and casualties to officers and employes.
292
Ordnance stores
293
Expenditures for discovery and punishment of violations of law
293
Destruction of the personal property of officers and employes
294
' 'Offers in compromise . .
.
295
Abstract of seizures
296
Abstract or reports of district attorneys
,.
' 297
Fistimated expenses for fiscal year 1890
297
Scale of salaries of collectors
,
.298
Official force.
298
Store-keepers, gaugers, stove-keepers and gaugers, and distillery surveyors. 299
Condition of the office
.,
299
Salaries
299
Number, kind, and value of stamps issued during fiscal year 1888
300
I
liedemption of check stamp's
300
Manufacture of stamp paper
301
Production of stamps
301
Official count of stamps in vault
301
Collections from tobacco
302
Production of tobacco, snuff, cigars and, cigarettes
303
The tabular statements
304
Direct t a x
307
Abatement, rebate, andrefunding claims
307
Distilleries registered and operated
311
Fruit distilleries registered and operated
-.
312
Grain and molasses distilleries in operation September 1, 1880 to 1888.
313
Comparative statement of distilleries registered and operated
;
313
•Comparative statement of materials used and spirits produced during the
last ten fiscal years
314
Fruit brandy, distillation, etc., of
314
Assessments . . :
316
Decreased production of spirits
318
Increased tax-paid withdrawals of spirits
i 318
Distilled spirits allowed for loss by leakage or evaporation in warehouse..
319
Spirits removed in bond for export
.'
-.
320
Increased withdrawals of spirits for scientific purposes and use of t h e
UnitedStates
321
Transfers of spirits from distillery warehouses to manufacturing warehouses
321
Methylated si)irits
322
Report of the microscopist on methylated spirits
322
Spirits lost by casualty in warehouse
330
^Spirits lost by fire in w^arehouses.during t h e last sixteen years
331
XII
"
CONTENTS.
'
•
Page.
R E P O R T OF T H E COMMISSIONER O F I N T E R N A L R E V E N U E — C o n t i n u e d .
Different kinds of spirits in warehouse...".
332
Different kinds of spirits deposited in, withdrawn from, and remaining in
warehouse for fiscal years 1887 and 1888
,.
334
Summary of operations at distillery warehouses during fiscal year 1888
335
Stock on hand, production, and movement of spirits for last five years
335
Spirits remaining in warehouse at close of each of last twenty years
336
Spirits iu distillery warehouses October 1 for each of last five years
...
337
Spirits withdrawn for export during first quarter of current fiscal year
33&
Comparative statement of spirits withdrawn for export with previous years , 338
Operations at special bonded warehouses for storage of grape brandy
339
Distilled spirits in the United States October 1, 1888
.341
Exportation of manufactured tobacco and snuff in bond
341
Exportatibn of cigars and cigarettes in bond
342
Drawback allowed on exported merchandise
342
Oleomargarine
343
Summary of operations at oleomargarine manufactories during t h e y e a r . . .
346
Operations in oleomargarine from November 1, 1886, to J u n e 30, 1888
. 346
Oleomargarine in the Uni ted States .June 30, 1S88
348Receipts under the oleomargarine law during fiscal year 1888
34^
Number of manufacturers of and dealers in oleomargarine
^
349
Number of retail dealers in oleomargarine April, 1887 and 1888
350
Location of manufacturers of and wholesale dealers in oleomargarine
April, 1^^88
350
Production and use of oleo oil during fiscal year 1 8 8 8 . . . .
351
Report of tbe analytical chemist on oleomargarine
352;
Report o f t h e microscopist on oleomargarine
354
Adulteration of food and drugs
,
384
Report of the microscopist on adulterations of foods...•... . . - - . .
384
, Foreign laws, decrees, and regulations on the repression of adulterations
of food and drink
388State laws on the adulteration of fo ,d and drugs, dairy products, and
butter substitutes iu the United States
408
Bibliography and literature of food and drugs and their adulterations
410
R E P O R T OF THE COMPTROLLER OF T H E C U R R E N C Y
"423-520
Report submitted to Congress
423
.Requirements of section 333, Revised Statutes of the United States, in detail, as to Comptroller's report
423
Summary o f t h e state and condition of every national bank reporting during the year
• 424
Statement of national bauks closed during t h e year
425
Suggestions as to amendments to the laws by which the system may be improved, and effect of laws regulating interstate commerce
426
, State banks, savings-banks, private banks, and loan and t r u s t companies.
438
Resources, liabilities, and condition thereof
440Names and compensation of officers and clerks in t h e office of t h e Comptroller of t h e Currency .,'
•
447
Organization and expenses o f t h e office
i.
447
Organization of national banks
' 448
Number, capital, bonds, and circulation of banks existing October 31,. 1887,
and of those organized during the year
449
Increase or decrease
450 ,
National-bank depositaries
453.
Amount of bonds transferred from security for national-bank circulation tosecurity for public deposits
454
CONTENTS.
. R E P O R T OF THE COMPTROLLER OF T H E
'
XIII
CURRENCY—Continued.
Bond purchases by t h e Treasury
Prices of United States registered bonds during the year
Comparative investment value of bonds
Increase and reduction of capital by national banks
^Converted and original banks
•
,
National banks of primary organization, number in voluntary liquidation
and number insolvent
Extension of corporate existence of national b a n k s . . . . ..A.
Distribniion of national-bank stock
Dissolution of national b a n k s
,
Failed during the year
'
Causes of failure
Dividends paid to creditors of insolvent national bauks during the y e a r . .
Number, capital, and liabilities of national banks organized and failed
\, since establishment of system
Amount paid to creditors of insolvent national banks
;
Amounts collected from assessments on share-holders
[Inactive receiverships..
Circulating notes
Minimum of bonds required by going banks
,
Maximum-circulation
Bonds deposited and minimum required and percentage of excess deposited
by banks organized since July 1, 1882
:......
Interest-bearing funded debt of the United States and amount held by
nationalbanks
United States bonds of all classes held by the banks
Comparison of amounts for seven years
,
Decrease in national-bank cir(iulation
Number and capital of national banks by geographical divisions, bonds
deposited, minimum, excess, and percentages
Changes in capital and circulation during past year
Banks without circulation
Issues and redemptions during the year
Additional circulation on bonds
Issues of national-bank notes
-..
Proces.<j of redemption of national-bank notes
'.
,
Five per cent, redemption fund . •.
Receipts and deliveries by national-bank redemption agency
Amount and mode of payment of national bank-notes redeemed
Redemption of circulation of insolvent national banks
Lawful money deposited
National-bank notes received for redemption by the Treasurer of the United States to date and amounts received during the year
,
National-bank notes received monthly for redemption by the Comptroller of
the Currency
Amount destroyed yearly since establishment of the system
. Supervision of national b a n t s
Violations of law
_•
:
Loans upon security of real estate,
Investment in bonds, stocks, and other securities
Deficient reserve
Excessive and unlawful dividends
Improper reduction of surplus
.'
..."
Reports of national banks
455
457
458
458
460
461
463
465
470 '
470
471
475
476
476
476
478
478
479
479
479
480
481
481
482
483
484
484
484
485 486
'486
486
487
489
490
491
491
492
492
493
493
493
494
494
494
495
495
XIV
,
CONTENTS.
Page,
R E P O R T O F T H E ' C O M P T R O L L E R O F T H E CURRENCY—Continued.
' Compendium of capital, surplus, undivided profits, circulation, bonds, deposits, loans and discounts, specie, etc., 1866-1888
Classification of loans i n reserve cities
C.
In New York City for five years .1
Amount of reserve and ratio of deposits. New York City, Chicago, Saint
Loiiis, reserve cities, and States and Territories.
Clearing-house transactions
l
.
Kinds of money and amount used in settlement of balances
New York Clearing-House transactions for thirty-five years
Clearing-house transactions o f t h e assistant treasurer of the United States
in New York
Comparative statements of clearing-houses in t h e United States
Increase and decrease in exchange and balances of the clearing-houses of
t h e U n i t e d State
Movement of reserve, weekly, in New York City
Duties, assessments, and redemption charges
Legal decisions construing statutes relating to national Banks
Conclusion...
R E P O R T O F C H I E F O F T H E BUREAU O F E N G R A V I N G AND P R I N T I N G
Work accomplished
Expenditures
Appropriati ons and estimates
Force employed
496
497
498
499
500
501
501
502'
502:
50a
506
506
507
518
...521-535
:
521
.-. 522^
524
525
.^.
Appendix.
Table No. 1.-^Statement showing t h e United States notes-, certificates of
deposit, bonds, and national-bank notes delivered during
the year
•
Table No. 2.—Statement showing t h e internal-revenue stamps delivered
during the year
Table No. 3.—Statement showing t h e customs stamps delivered during
theyear
1
Table No. 4.—Statement showing t h e checks, drafts, certificates, etc., delivered during t h e y e a r
.
Table No,. 5.—Summary of all classes of work delivered
Table No. 6.—Schedule of miscellaneous work done for, and of material
,
furnished to, t h e various bureaus, etc
Table No. 7—Statement of the various classes of securities and other work
proposed to be executed in the fiscal year 1890
Table No. 8.—Statement showing t h e annual production of securities in
sheets, and the expenditures for the last eleven years
Table No. 9 . - S t a t e m e n t showing the number of employes on the first day
of each month since J u l y 1, 1877
R E P O R T OF T H E F I R S T COMPTROLLER
Accounts, claims, etc., settled
Clerks employed and distribution of work
527
530
531
532
53a
534
535
535
536-542
Warrants received, examined, etc
Requisitions
Miscellaneous work
Compensation of commissioners of circuit, district attornej^s, marshals, and
clerks
Statutes of limitations as to claims for and against t h e Government
R E P O R T O F T H E SECOND COMPTROLLER
526
•
536
540
540
540
541
543-549
54a
543.
CONTENTS.
XV
R E P O R T O F T H E SECOND COMPTROLLER—Continued.
Army back-pay and bounty division
Army paymasters'division
Ariny pension division
Quartermasters' division
Navy division
Indian division
Miscellaneous division
Requisitions....
Suits brought
Office library
^
Public property
Reduction of clerks
Changes in the raethods of business
Examination of contracts
Book-keeping
Concentration o f t h e accounting offices
Suits brought by the Government
Statute of limitations
Office appropriations . :
..,
..'...,
,
-.
...^
J
,
^--.
R E P O R T O F T H E COMMISSIONER O F CUSTOMS
Work o f t h e office.^
Ambunt received into the Treasury
Amount paid out of the Treasury
Conduct ofthe business of the office
Back pay of inspectors of c u s t o m s . . .
A fixed salary for customs officers
Slight increase of clerical compensation recommended
Statements appended
550-556
550
551
551
551
552
55a
553
55a
...'
Apipendix.
Table A.—Statement of warehouse transactions at the several districts and
ports during the year
Table B.—Statement of duties collected on unclaimed goods entered, and
amount of net proceeds of unclaimed goods sold during t h e
year
' R E P O R T OF T H E F I R S T AUDITOR
544
544
544
544
545
545
545
546
546
547
547
547
547
548
548
548
549
549
549
554 /
556
557-571
Work of the office :
^
Accounts adj usted
557
Customs division
,
567
Judiciary division
. . 567
Public-debt division
- 567
Miscellaneous division
, 568
Warehouse and bond division
;
568
Comparative statement, by fiscal years, of transactions from 1861 to. .
1888
569
Fees of United States attorneys, marshals, and clerks
571
R E P O R T O F T H E SECOND AUDITOR
Work of the office:
Book-keiepers' division
Paymasters' division ..-.
Ordnance, medical, and miscellaneous divisions
Indian division
Pay and bounty division.,
Division for the investigation of frauds
572-584
57^
574
575
576
577
578
XVI
'
CONTENTS. ,
Page.
J I E P O R T O F T H E SECOND AUDITOR—Continued.
Work of the office—Continued.
,Property,division . . . '
Division of inquiries and replies
Maildivision
»
Archives division
Condition ofpublic business.
Claims for arrears of pay and bounty
Special reports
>.
Claims of Indian soldiers
< Re-arrangement of the office
Bounty'under t h e act of April 2.2, 1872
Recent legislation and decisions
.
^
.
,
JiiEPORT O F T H E T H I R D AUDITOR
Work of the office :
Book-keeper's division
Horse claims division
Miscellaneous division
Military d i v i s i o n . . . .
Collection division
Claims division
Pension division
State war, claims
585-605
586
593
593
594
595
595
,596
605,
,
:
:
.'
,
. R E P O R T O F T H E F O U R T H AUDITOR
..606-619
Balances and liabilities under pay of the Navy and Marine Corps
Overpayments under other appropriations
Appropriations and expenditures ofthe Navy
Exchange
,.,
Special .fiscal agent a t London
Work of t h e office:
^
General claims division
Paymasters' division
:,
Prize money, record, and files division
Navy pay division
Property returns
-REPORT O F T H E F I F T H AUDITOR
.
>,
620-650
620
624
625
Appendix,
Table A.—Statement of expenses of the diplomatic service during the y e a r . .
Table B.—Statement of consular fees, salaries, and expenses during t h e
year
Table C.—Statement of consular fees, compensation, exi>enses, and loss by
exchange, during the year
Table D.—Names of consular clerks, with their salaries and expenses, during t h e year
Table E.—Statement of sundry expenses a t consulates in China, J a p a n ,
Siam, Turkey, and Zanzibar, during t h e year
Table F.—Statement of relief afforded seamen, with extra wages and arrears, during t h e year
Table G.—Statement showing t h e number of seamen sent to t h e United
States, and t h e amount paid a t t h e Treasury for passage, during the year
606
606
608
616
616
616
617
618
618
619
Work of t h e office:
Diplomatic and consular division
Internal-revenue division
Miscellaneous division
(, •
578
579
579
580
581
581
582
.^i82
582
583
583
629
631
640
642
643
643
645
CONTENTS
XVII
R E P O R T O F T H E F I F T H AUDITOR—Continued.
I3&ge.
Table H.—Internal-revenue stamps and assessments charged and cash deposited, during the year
Table I.—Internal-re venue expenses during t h e year
—
REPORT OF THE SIXTH AUDITOR
:
' Postal accounts of postmasters
Consolidation of office force in one building
646
648
651-655
......
651
652
Appendix.
Amounts submitted for suit during the year
,
Absences during the year
Transactions iu money-orders and postal-notes during the year
653
653
654
REPORT OF THE REGISTER
Distribution of force and salaries of the office during the year
Work of the office :
Division of receipts and expenditures
Divisionof loans
Division of notes, coupons, and currency
Division of interest and expense of loans
Improvements in office
Recommendations
656-850
.-
Statements.
Loan division:
Table A.—Number and amount of United States bonds issued during
the year
.'
Table B.—Number and amount of United States bonds canceled during the year
Table C.—Transactions in Spanish indemnity bonds
Table D.—General summary of unissued bonds
Table E.—Work performed by the division
Note, coupon, and currency division :
Table No. 1.—Number a n d amount of gold certificates, currency certificates of deposit, and seven-thirty Treasury notes
received and registered
Table No. 2.—Number and amount of interest checks of various loans
on hand J u l y 1, 1887, and received in fiscal year 1888,
and number counted, registered, and examined
Table No. 2*.—Number and amount of interest checks of various loans
received
Table No. 3.-^Number of redeemed detached coupons of various loans
on. hand received, counted, examined, etc
Table No. 4.—Number and amount of exchanged, redeemed, and
transferred United States coupon bonds, examined,
counted, etc . ,
.'.-Table No. 5.—Number and amount of United States notes, silver certificates, gold certificates, refunding certificates,
fractional currency, etc., examined, counted, canceled, and destroyed
Table No. 6.—Work performed other than current
Table No. 7.—Number and amount of exchanged, redeemed, and transferred United States coupon bonds a n d number of
attached coupons, that, after examination, registration, etc., were delivered to the destruction committee to be destroyed.
H. Ex. 2
II
656
;
657
660
662
663
664
665
666
666
666>
667
667
669
669
670
• 671
673
674
678
679
XVIII
CONTENTS,
Page.
R E P O R T O F THE REGISTER—Continued.
Note, coupon, and currency division—Continued.
Table No. 8.—Number and amount of exchanged, redeemed, and transferred. United States coupon bonds, and number of
attached coupons examined, registered, and scheduled in duplicate, and on file at the end of the y e a r . .
Table No. 8a.—Consolidated recapitulation of Table No. 8
Table No. 9.-^Number and amount of redeemed (detached) coupons
received
Table No. 10.—United States interest-bearing notes and certificates
issued, redeemed, and outstanding.
Table No. Hi—Schedule of United States internal-revenue stamps,
customs stamps, silver-certificate paper. United
States notes, gold certificates, silver certificates, certificates of deposit for United States notes of 1875,
Pacific Railroad • bonds, United States registered
bonds (4-1 per cent.), internal-revenue stamps redeemed, inspectors' commissions and miscellaneous
matter unfinished, mutilated, canceled, and delivered
by the Bureau of Engraving and Printing to the Secretary of the Treasiiry for destruction on statistical
account
-.
Table No. 12.—Number and amount of certificatesof deposit of tem-:
I)orary loan of various acts withdrawn from t h e files
of the division of receipts and expenditures, counted,
tied in packages, labeled, and scheduled
Receipts and expenditures division:
Receipts from customs
sales of public lands
internalrevenue
consular fees
registers' and receivers' fees
labor, dray age, etc
services of United States officers
weighing fees
customs-officers' fees
mileage of examiners
•
fines, penalties, and forfeitures (customs)
emolurnent fees (customs)
,
immigrant fund
fines, penalties, and forfeitures (judiciary)
emolument fees (judiciary)
sales of Government property
Pacific Railway Company
^....
Indian lands
,
public debt
, Balances of appropriations and expenditures, e t c :
Treasury
Diplomatic
Judiciary
^.
Customs
Interior civil
Internal revenue
Public debt
683
688
690
691
695
695
697
699
701
702
705 *
707
707
708
708
709
709
710
711
712
713 ^
714
714
714
715
717
750
754
757
763
773
775
•
\
.'
CONTENTS.
'
XIX
Page.
R E P O R T OF T H E REGISTER—Continued.
Balances of appropriations and expenditures, etc.—Continued.
Interior—Indians
,
777
Interior—pensions
791
Military establishment
,
792
Naval establishment
3.
814
Recapitulation
822
Public debt of the United States outstanding
823
Public debt of the United States from 1791 to 1836
.'
824
Principal of the public debt on the 1st of J a n u a r y of each year from 1837
to 1843, and on the 1st day of J u l y of each year from 1843 to 1887
826
Expenses of collecting the revenue from customs
828
Expenditures for assessing and collecting the internal revenue
830
Statement showing t h e number, occupation, and compensation of persons
employed in the customs service
831'
Population, net revenue, and net expenditures of the Government from
1837 to 1S88
' 848
Comparative statement of the receipts and expenditures on account of internal revenue
849
Comparative statement of t h e receipts and expenditures on account of
customs
849
Receipts and expenditures of the Government
849
R E P O R T O F THE SUPERVISING SPECIAL A G E N T
Work of the division
,
Bonded warehouses and bonded routes
Evasion of duties
T
Sugar classifications
Smuggling
„
851-872
'^.
851
852
853
854
854
Appendix.
Table A.—Statement showing the business transacted in each of the several customs collection districts
Table B.—Merchandise transported without appraisement under act J u n e
10, 1880....
Tiable C.—Statement showing t h e invoice value and estimated duty of
merchandise received at the several ports of destination under
entry for immediate transportation without a p p r a i s e m e n t . . .
Table D.—Statement of sugars remaining in warehouse J u u e 30, 1887, and
imported and exported from t h a t date to Juno 30,1888, showing the actual quantity and classification thereon
Table E.—Comparative statement of invoices examined and appraised,
advanced, aj^pealed to re-appraisement, entered pro forma
upon which seizure was waived, etc., also of allowances for
damages, merchandise weighed, cost of weighing, etc., at the
ports of New York, Boston, and Philadelphia, during the fiscal
years 1886,1887, and 1 8 8 8 . . . . ',
'
856
860
862
866
872
REPOIIT.
TREASURY
DEPARTMENT,
Washington, D. (7., Deceniber 3, 1888.
S I R : I have the honor to submit the following report:
RECEIPTS AND EXPENDITURES.
Fiscal year 1888.
The ordinary revenues of the Government from all sources for the
fiscal year ended June 30, 1888, were:
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
From
customs
internal revenue
sales ofpublic lands
profits on coinage, bullion deposits, and assays...,
tax on national banks
fees—consular, letters-patent, and land
customs fees, fines, penalties, &c
sinking-fund for Pacific railways
repay/ment of interest by Pacific raiUvays
sales of Indian lands
Soldiers' Home, permanent fund
,
sales of Government in'opert}^
tax on seal-skins
immigrant-fund
deposits for surveying public lands
deductions on mutiilated notes, currency, &c
sale of condemned naval vessels
revenues, of the District of Columbia.
miscellaneous sources
.,
Total ordinary receipts
$219,091,173
124,296,871
11,202,017
9,387,634
1, 74.8, 566
3, 433, 448
1,097,448
1,170, 331
681, 696
880, 087
433,189
365, 877
317, 500
291,189
161, 890
112,422
105,665
2, 650, 350
1, 838, 712
6a
98
23
48
85
99
20
43
95
43
29
26
00
50
76
05
88
31
54
379,266,074 76
The ordinary expenditures for the same period were:
For civil expenses
$22,852,334 03
For foreign intercourse
1, 593, 461 40
For Indian service
6,249,307 87
Foi-pensions
80,288,508 77
For the military establishment, including rivers and harbors aud
arsenals
•
38,522,436 11
For the naval establishment, including vessels, machinery, and improvements at navy-yards
16, 926, 437 65
For miscellaneous expenditures, including public buildings, lighthouses, and collecting the revenues
44,228,351 89
For expenditures on account of the District of Columbia
4, 278,113 48
For interest on the public debt
44,715,007 47
Total ordinary expenditures
Leaving a surplusof
259, 653, 958 67
$119, 612,116 09
XXI
XXII
REPORT OF THE SECRETARY OP THE TREASURY.
Which was applied as follows:
Purchase of bonds for sinking-fund, including |2,852,015.88 for premium
Redemption of-^
• Fractional currency for sinking-fund'
Loan of J u l y and August 1861
;
Loan of 1863
Five-twenties of 1862
Five-twenties of 1865.....
Ten-forties of 1864
Consols of 1865
Consolsof 1867.....
Consols of 1868
!
Oregon w^ar debt
Fundedloan of 1881
Loanof J u l y 1882.
Old demand, compound-interest, fractional currency and other
notes
Purchase of—
Funded loan of 1891...
:
Fundedloan of 1907
Premium on loans of 1891 and 1907
$46,577,165 88
7,400
34, 350
4, 500
11,300
1,500
7,850
26, 350
• 97,550
1,250
150
83,100
4,175,750
65,863 05
8,337,550 00
18,233,950 00
5,418,826 58
83, 084, 405 51
36, 527, 710 58
Leaving a balance added to the cash in the Treasury of..
Total.
00
00
OO
00
00
00
00
00
00
00
00
00
119,612,116 09
As compared with the fiscal year 1887, the receipts for 1888 have
increased $7,862,797.10, as follows :
Source.
Internal revenue
Sales of public lands
Profits on coinage, assays, &c...
Consular fees
Deductions on mutilated notes &c
Sale of condemned naval vessels
Customs emolument fees
Sales of Government property
Deposits for surveying public lands
Immigrant fund
Fees on letters-patent
Revenues ofthe District of Columbia
Miscellaneous items
Soldiers' Home, permanent fund
Tax on national banks
Sales of old public buildings
Sales of Indian lands
Repayment of interest by Pacific railways
Sinking-fund for Pacific railways
,
Custom-house fees '.
Registers' and receivers' fees
Customs fines, penalties, «fec
Increase,
$5,473,480 76
1,804,280 50
1,947,730 81
458,381 65
161,426 40
112,422 05
105,665 88
97,871 98
103,044 94
67,601 00
32,787 00
14,487 36
323,290 13
339,278 92
11,041,749 38
Decrease.
Net increase.
$793,070 18
637,284 33
624,882 20
598,941 38
233,096 18
194,104 44
50,373 00
44 111 93
3;088 64
3,178,952 28
$7,862.797 10
XXIII
There Avas a decrease in the ordinary exxDenditnres of $8,278,221.30,
as follows:
Decrease.
Civil and niiscellaneous
.. •
War Department
Pensions
. ..
Navy Department
Indians
$12,312,564 79
3,026,569 78
38,589 74
Increase.
Net decrease.
'$5,259,406 98
1,785,31.0 85
54,785 18
15,377,724 31
7,099.503 01
$8,278,221 30
Fiscal year 1889.
For the present fiscal year the revenues, actual and estimated, are
as follows:
Source.
Customs.
Internal revenue
i
Sales of public lands
Profits on coinage, assays, &c
Tax on national banks.....
. .
Fees—consular, letters-patent, and lands..;
Customs fees, fines, penalties, &c
Interest and sinking-fund, Pacific railways ...
Sales of Government property
Deposits for surveying public lands
Revenues of the Districtof Columbia
.'
Miscellaneous sources
Total ordinary receipts
Quarter ended
September 30,
1888.
Remaining
three-fourths
of the year.
Actual.
Estimated.
Total.
$61,404,839 24
31,242,005 47
2,236,197 58
1,429,521 13
780,500 89
637,540 12
218.686 14
557,651 21
134,334 10
28,827 34
322,349 07
970,002 65
$155,595,160 76
93,757,994 53
8,263,802 42
8,070,478 87
719,499 11
2,61.2,459 88
681,313 86
1,442,348 79
365,665 90
121,172 66
2,427,650 93
2,979,997 35
$217,000,000 00
" 125,000,000 00
10,500,000 00
9,500,000 00
1,500,000 00
3,250,000 00
900,000 00
2,000,000 00
500,000 00
150,000 00
2,750,000 00
3,950;000 00
99,962,454 94
277,037,545 06
377,000,000 00
The expenditures for the same period, actual and estimated, a r e a s
follows.
Object.
Civil and miscellaneous expenses, including
public buildings, light-houses, and collecting the revenue
Indians
Pensions
:
Military establisement, including fortifications, river and harbor improvements, and
arsenals
Naval establishment, including vessels and'
machinery, and improvements at navyyards
:
Expenditures for Districtof Columbia
Intereston the public debt
Total ordinary expenditures..
Quarter ended
September 30,
1888.
Remaining
three-fourths
of the year.
Actual.
Estimated.
$17,778,813 08
1,696,496 37
24,919,467 88
$61,471,186 92
4,553,503 63
52,080,532 12
$79,250,000 00
6,250,000 00
77,000,000 00
9,253,164 53
34,746,835 47
44,000,000 00
4,577,544 08
1.288,519 14
11,813,658 11
16,422,455 92
• 3,211,480 86
29,186,341 89
21,000,000 00
4,500,000 00
41,000,000 00
71,327,663 19
201,672,336 81
273,000,000 00
Total receipts, actual and estimated
Total expenditures, actual and estimated
Estimated surplus, applicable to the purchase of bonds
Total.
-
$377, 000, 000 00
273,000,000 00
104, 000, 000 00
XXIV
R E P O R T OF T H E SECRETARY OF THE
TREASURY.
Fiscal year 1890.
The revenues of the fiscal year ending June 30, 1890, are thus, estimated upon the basis of existing laws :
From
From
From
From
From
From
From
From
From
From
From
From
customs
internalrevenue
'.
sales of public lands
fees—consular, letters-patent, and lands
tax on national banks
customs fees, fines, penalties, &c
interest and sinking-fund, Pacific railw^ays
sales of Government property
deposits for surveying public lands..
profits on coinage, assays, &c
revenues of the District of Columbia
miscellaneous sources
|217, 000, 000
125,000,000
10^500,000
3, 250, 000
1, 500, 000
900,000
2, 000, 000
500, 000
^50, 000
9, 500, 000
• 2, 750, 000
3, 950, 000
,
*
/
Total estimated receipts
00
00
00
00
00
00
00
00
00'
00
00
00
. 377,000,000 00
The estimates of expenditures for the same period, as submitted by
the several Executive Departments and offices, are as follows:
Legislative
Executive
Judicial
Foreign intercourse ....;
Military establishment
Naval establishment
Indian aifairs
Pensions..,
Public Works—
Legislative
TreasuryDepartment
War Department
Navy Department
Interior Department
Department of Justice
'.
$3,381,963
18,955,081
' 436,600
1, 947, 565
25,293,372
,25,163,028
5,475,410
81,758,700
;
'.
,
$4,000
5,664,526
13,785,234
1,604,248
143,100
3,800
Postal service
Districtof Columbia
Miscellaneous
Permanent annual appropriations—
. Sinking-fund
...$47,800,000
Interest on the public debt
38,000,000
Refanding—custoins, internal revenue, lands, &c.. 12, 463, 500
Collecting revenue from customs
5, 500, 000
Miscellaneous
4, 927, 555
65
60
00
00
97
76
50
00
00
04
72
98
00
00
21, 204, 909 74
4,403,414 90
5,949,535 61
20,906,849-66
00
00
00
00
95
108, 691, 055 95
Total estimated expenditures, including sinking-fund
Or an estimated surplus of
323, 567, 488 34
53, 432, 511 66
Excluding the sinking-fund, the estimated expenditures will be
$275,767,488.34, showing a surplus of $101,232,511.66.
SINKING-FUND.
The requirements dfthe act of February 25,1862 (E. S., 3688, 3689),
establishing a sinking-fund for the gradual extinguishment ofthe public
SINKING-FUND—-SURPLUS
REVENUE.
^
XXT
debt, estimated for the current fiscal year at $47,583,000, have been
thus far met by the redemption of treasury notes, fractional currency,
and bonds of the United States which had ceased to bear interest,
amounting to $77,797.35, and by the purchase Qf $26,839,650 of the
funded loan of 1907 and $12,143,150 of the funded loan of 1891, at a
cost to the fund for premium of $7,672,222.29 on the former and $844,206.73 on the latter loan.
SURPLUS REVENUE.
.
In the last annual ^report it was estimated that the revenues for the
year to end June 30, 1888, would exceed the ordinary expenditures,
not including the sinking-fund, by $113,000,000. It will be seen from
the foregoing statement that such excess was in reality 1119,612,116.09,
or $6,612,116.09 more than the Department estimate. It was also estimated in the same report that the like surplus for the fiscal year to
end June 30, 1889, would be'$104,313,365.64. Judging from the actual
expenditures for the first quarter of this fiscal year, and in the light of
receipts and expenditures to the middle of E^ovember, it is probable
that this estimate will prove to have been fairly accurate, and that the
suri)lus will almost exactly equal the predicted sum, a remarkable result since its factors w^ere subject to all the uncertainties of future revenues and of expenditures to be authorized by a Congress not yet assembled.
The accumulated surplus on September 29, 1888, was $96,444,845.84;
the surplus revenues from that date to June 30, 1889, as estimated, are
$75,365,208.25, making the total accumulation on June 30, 1889, which
could be used in the purchase of bonds, $171,810,054.09; however,
between said September 29 and November 22, $44,399,509.50 has been
paid for bonds; consequently if no more bonds were bought between
now and June 30 next the surplus would then amount to $127,000,000.
Upon the basis of appropriations recommended by the Department and
upon the assumption that the revenues of the fiscal years to end June 30,
1889 and 1890, will be equal, the surplus revenues for the latter fiscal year
will be $101,000,000, which, with the surplus revenues ofthis year and
the surplus alreadj;^ accumulated, make a total of $228,000, OOQ, which
might be used during the next nineteen months in the purchase of the
interest-bearing debt, and which ought to be used for that purpose,
unless the laws are so changed as to reduce the difference between expenditures and revenue by nearly that sum.
About $188,000,000 of the four-and-a-half per cent, bonds are now
outstanding; they are payable September 1, 1891. The total amount
XXVI
REPORT OF T H E SECRETARY OF T H E
TREASURY.
of interest which will accrue on them from now until their maturity is
in round numbers $25,000,000; consequently the present surplus and
the surplus which will probably accrue before July 1,1890, will suffice
to pay the principal .of those bonds and all the interest which would
accrue upon them should they be permitted to remain unpaid until
their maturity.
The principal of the four' per cent, bonds is now $680,000,000, and
the interest which could accrue upon them ufttil their maturity in 1907
is about $500,000,000; a calculation will show that the present surplus
revenues, if continued, would pay before 1900 all of these four per cent,
bonds and all of this interest. Of course all the money which is saved
by purchase of bonds at less than the principal and the interest to accrue but shortens the time w^hen all the bonds may be paid if the holders
will surrender them.
Nothing more is needed than the foregoing statement to show the
absolute necessity of a readjustment of the public revenues at the
earliest possible date.
That it will be necessary to pay nearly the whole of the interest
which will accrue upon the public debt if an attempt is made to invest
the present surplus revenues in it before its maturity is evident from
the fact that even now the Government is paying forthe four-and-a-half
per cent, bondsfa price which realizes only about one-and-a-half per
cent, annually, and receives but meager offerings of them at that price.
To continue taxation with no other use for its proceeds than such an
investment is a cruel waste of the people's money.
PURCHASE OF BONDS.
Since the last annual report and after the completion of the sinking
fund requirements for the year ended June 30, 1888, no bonds were
bought until there had been an expression of opinion by resolutions in
both Houses of Congress, that it was lawful and proper to invest the
surplus in bonds, at the premium necessary to obtain them. Under the
then state of public opinion in many parts of the country upon this
question, both as to its legality and propriety, it seemed wise to seek
the cooperation of the Congress in this important matter. I am confident that the delay in the purchase of bonds while waiting for Congress
to act resulted in ,no substantial pecuniary loss to the Government.
The purchase was resumed under a circular of April 17, 1888, and
since that time nearly all the bonds which have been offered for sale
to the Government have been bought by it, as will appear from an inspection of the bond-purchase book. Of course many offerings of bonds
PURCHASE OF BONDS—REDUCTION
OF TAXATION.
XXYII
have been declined because the price was thought to be too high, b u t .
finally, almost all of the offered bonds were bought at some price. An
example will show this more clearly. Certain bonds of a par value of
only $326,000 were offered so often that the offerings aggregated over
$19,700,000, but they were at last secured by the Department. Ninetyfour millions of dollars of bonds have been secured under this circular,
and a premium paid for the privilege of buying them of about $18,000,000;
the net rate of interest realized from this investment is only about two
per cent., and the saving in the total amount of interest which would
have been paid had the bonds been alloAved to run to maturity, is about
$27,000,000. Had taxation been reduced so as to leave this money with
the people, and if it is worth in their business 6 per cent, per annum,
the total value of the money to them during the term which these
bonds had to run would be about $83,000,000; thus, there is a resulting loss to the people of $56,000,000 upon this transaction alone; if
this over taxation is not stopped, and if the Government is forced to
continue to be a purchaser of its own bonds at the holders' prices,
the loss to the people, as could be shown by a like calculation, must
be hundreds of millions of dollars.
REDUCTION OF TAXATION.
I cannot too strongly repeat my recommendation of last year to reduce taxation, and as far as possible, without too sudden disturbance
of existing interests, to make this reduction in customs taxation, to the
end that the people may get the greatest possible benefit from the reduction.
Beside the vexed economic question as to whether a country can
make itself prosperous by a tariff; whether it can increase the relative •
average comfort of its whole people by diverting a portion of its labor
and capital from the employments which could be most profitably
followed under natural conditions, thereby making certain of the necessaries of life more costly than they would be otherwise, there is a higher
moral question which may well be asked, and that is, "^can a government
be kept pure and free which, through the agency of its laws, offers vast
pecuniary temptations to some kinds of business'?
There are many indications»that this question must be answered in
' the negative. There are many proofs that large classes of our business
men have come to depend for success upon their skill in manipulating
governmental agencies rather than upon industry, intelligence, and
honorable competition.
Is it not possible that eagerness for the money which men assume
XXVIII REPORT OF THE SECRETARY OF THE TREASURY.
<comes to theni only through government, may lead them to use an evergrowing proportion of their gains to possess and influence the supposed
source of their wealth?
And will not the endeavor to make men rich soon become the chief
function of our Government*? Is not this already the case*? If these
dangers exist,.if they are not overestimated (and they do exist and are
not overestiniated), then can it be doubted that the true welfare of our
people calls for the rescue of the Government from them as speedily as^
may be*?
°
This can only be done by severing government from private business. Steps should at once be taken in that direction, always, however,
let me repeat, bearing in mind interests which have become established
under present laws; to the end that they may not suffer unduly while
beneficient reforms are made.
CURRENCY CIRCULATION.
The following table shows changes in circulation which are interesting :
Comparative-statement shoioing the changes in circulation from July 1, 1887, to November 1,
1888.
In circulation In circulation
J u l y 1, 1887.
N o v . 1, 1888.
Decrease.
•
s t a n d a r d silvei* d o l l a r s
S u b s i d i a r y s i l v e r ..".
Gold certificates
United States notes
National bank notes
Totals
Increase.
•
$3,258,210
4,297,040
3,874,453
49,388,221
87,665,135
$376,758,607
55,504,310
48,697,259
91,225,437
142,118,017
326,667,219
276,855,203
$380,016,817
59,801,350
52,571,712
140,613,658
229,783,152
309,867,696
235,217,283
$16,799,523
41,637,920
1,3.17,826,052
1,407,871,668
. 58,437,443
Netincrease
148,483,059
$90,045,616
Comparative statement shoioing the changes in money and hullion held in the Treasury from
July 1, 1887, to Novemher 1, 1888.
In Treasury
J u l y 1,1887.
G o l d coin
?.
S t a n d a r d silver dollars
Subsidiary silver
XTnited S t a t e s n o t e s . . . .
National b a n k notes
Gold bullion
Silver bullion
Trade-dollars as bullion
Totals
Net increase
In Treasury
N o v . 1, 1888.
$192,368,916
211,483,970
26,977,494
20,013,797
2,362,585
85,732,190
3,982,472
6,934,963
$223,209,020
• 249,979,440
24,088,769
36,813,320
4,167,954
108,479,213
4,369,972
6,189,142
549,856,387
657,296,830
Decrease.
Increase.
$30,840,104
38,495,470
$2,888,725
16,799,523
1,805,369
22,747,023
387,500
745,821
3,634,546
111,074,989
$107,440,443
As was the case last year, the increase in circulation this year has
been in the form of small money. The increase of outstanding paper
SILVER COINAGE.
XXIX
and coin, in denominations of $20 and less is more than $115,000,000,
, thus exceeding the total increase of circulation aniong the people by •
about $25,000,000, and'showing a conversion of larger into smaller
denominations to that extent.
SILVER COINAGE.
The ownership of silver by the Government again was largely decreased, in spite of the increase of the total stock of silver dollars in
the country, by the coinage of 16 months. During the past few years
the decrease of circulation caused by the cancellation of national-bank
notes, and by the deposit of money with the Treasurer by the banksto
redeem their notes when presented for that purpose, has been but little
exceeded by the increased circulation of silver certificates and of
standard silver dollars; thus silver seems to.have filled the vacuum
caused by the retirement of national-bank circulation. The circulating medium in small denominations has been largely converted into
silver certificates. And, finally, business has largely increased in the
South and in portions of the country where there are few banking
facilities. All of these causes have cooperated to postpone any evil
effects which might arise from a continued and excessive coinage of
the silver dollar; but the danger still exists, and should be guarded
against. This can be done by the adoption of the recommendation of
my last report, viz., by fix:ing the maximum of silver which shall belong
to the Government, and by providing that when it was exceeded by
$5,000,000, the purchase of silver bullion should cease until the amount
owned by the Government should be again reduced to such maximum,
or by canceling United States notes to the amount of the-excess over
the maximum, provided the Government held the notes ; if not, then
by ceasing the purchase of bullion. Such plan, if adopted, would provide a safety valve which would be self-operative, and would assure
the country against any possible danger from silver; for as soon as it
exceeded the amount which could be absorbed in the business of the
country, it would begin to flow into the Treasury in payment of taxes,
and would be there held until business called for it, and when theGovernment's ownership fell below the maximum, the purchase of the
bullion would again begin.
'
Thus the country's business demand would regulate the country's
silver circulation, and there would be little danger of depreciation in
the value of the silver dollar as compared with the gold dollar. I venture to predict that if some such safeguard is not adopted, and if thereby
XXX
REPORT OF THE SECRETARY OF THE TREASURY.
the silver dollar is suffered at some time to lose a part of its purchasing
power, that the people will demand the absolute stoppage of the silver
bullion purchase, and furthermore, the use by'the Government of the
whole or a portion of the silver coinage profits for the redemption of
the silver dollars which are held by them. It is to be hoped that before
such crisis is reached that the nations of the world will have agreed
upon some standard of bimetallism which will forever maintain a fixed
ratio between gold and silver, but in the meantime thereis no occasion
to burden ourselves with a stock of silver which may be troublesome.
COIN CERTIFICATES.
The system of coin circulation by means of certificates has certain
conveniences and advantages, but it is a costly form of money. Last
year the cost of the $105,000,000 silver certificates issued was about
$421,000, and as more and more ofthese certificates are converted into
smaller denominations this cost is likely to increase. There are also
certain dangers connected with i t ; for exami)le, in time of war, the
possession by the Government of such vast stores of the precious metals
might prove embarrassing, and, at a time when the Government was in
financial need, the temptation to spend the coin held against outstanding
certificates might prove too strong. The loss by the abrasion of the coin,
if it was in circulation, would not equal the cost of the certificates. On the
whole I think it may be said that the currency of the country would be
more safe and more economical if the coin were in actual circulation instead of being held by the Government on pledge against outstanding certificates, as is now the case. But whatever may be thought about the wisdom ofthe certificate system, there can be no doubt that with it the further
coinage of gold and silver, except subsidary coin, is not necessary or
wise. Far more gold and silver coins are now in the possession of the
Government than probably ever will be needed for the redemption of
certificates. Future accumulation of the precious metals should be
only in the form of bullion, which can be kept more safely and counted
more easily than the coin. If this suggestion was adopted all but
one of our mints might be closed, and large, useless expense be saved
annually. I earnestly call the attention of the Congress to this subject.
PUBLIC MONEYS.
The monetary transactions of the Government have been conducted
through the offices of the Treasurer of the United States, nine assistant
treasurers, and two hundred and ninety-seven national bank depositaries.
CUSTOMS ADMINISTRATION..
,
XXXI
The gross receipts of the Government, amounting during the fiscal
year, as shown by warrants, to the sum of $664,282,224.76 ($285,016,150
of which were oh account of United States notes, certificates, and con- '
version of refunding certificates), were deposited as follows, viz:
I n the Treasury and sub-treasuries
In national bank depositories
$532, 953, 095.72
131, 329,129. 04
\
CUSTOMS ADMINISTRATION.
,
While much progress has been made in the reformation of abuses in
the Customs Service, the inadequacy of the present laws renders it
practically impossible to correct many of the evils and inequalities
which have so long and so seriously affected our Customs system.
In my last annual report I called attention to the more important
defects in the existing law, and indicated certain remedies which
appeared advisable, and which may be briefly summarized as follows:
1. The elimination from the tariff schedules of the numerous
ambiguities and conflicting provisions, which for many years have
been constant subjects of dispute and litigation.
2. The amendment of the laws relating to appraisement, so as to provide for a more efficient supervision of the work of local appraising
officers, by increasing the number of general appraisers, enlarging their
powers, and conferring upon them exclusive appellate jurisdiction in
questions of value.
3. The repeal of existing pi-ovisions of law which so restrict the Government in suits for fraudulent undervaluations, as to make it impossible to recover penalties or secure forfeitures.
4. The simplification of the law relating to the determination of the
dutiable value of merchandise subject to ad valorem rates, particularly
with respect to coverings, packing charges, &c.
5. Such modifications of the law respecting the forms of declarations
to invoices by shippers as will harmonize the same with the requirements regarding, entry.
6. 'The amendment of the law so as to subject merchandise entered
on pro forma invoice to the same conditions as are imposed in case of
entry upon '^original" or regularly certified invoice.
7. The discouragement of speculative suits and of protests and appeals, by providing more effective means for the prompt and summary
hearing and final decision of questions of classification.
8. A clear definition of what is meant by the words ^^ component
material of chief value," and a specific rule whereliy the same may be
determined.
9. The abolition or limitation of damage allowances.
XXXII
REPORT OF THE SECRETARY OF THE TREASURY.
10. The amendment of the law relating to drawbacks on exported
goods, so as to provide for the payment of the full amount of the duties
paid on imported materials, and no more, and for such proofs and safeguards as will prevent frauds and imposition in such cases.
Bills now pending before Congress contain provisions which substantially meet these suggestions, and which have, in one form or another, received the sanction of this Department.
Incongruities of the Tariff Schedules.
Certain incongruous provisions of the present tariff schedules are so
hurtful to domestic industries, so fruitful of complaints, contentions,
and suits, and are so menacing to the Treasury, that I feel constrained
to express the hope that they will receive attention at this session of
Congress, even if there should be no further legislation respecting the
tariff. I refer particularly to the provision of ^'Schedule K " under
which worsted cloths are admitted at lower rates of duty than woolen
cloths, and to which I called especial attention in my last annual report (the duties now levied on worsted cloths are, in my judgment, as
high as they should be, but the duties on the wool, of which they are
woven, should be reduced so as to permit their profitable manufacture,
and the duties on woolen cloths should be correspondingly reduced); to
the provision of the same schedule for ^^waste," under which the
highest qualities of carded and purified wools are held to be entitled
to admission at the same duty as that provided for rags, shoddy, and
other adulterants; and to the'provision in '^Schedule N " for/^Hat
materials," &c., under which manufactures of silk of various kinds,
including broad silks and ribbons, are claimed and held to be entitled
to admission at twenty per cent, ad valorem, while ^^ Schedule L " imposes a duty of fifty per cent, ad valorem on all such goods.
Condition and Needs of the Service,
I commend to the attention of Congress the accoinpanying report of
the Supervising Special Agenf^' as containing valuable information and
suggestions concerning the condition and needs of the Customs Service,
with detailed statements of the amount of business transacted, the^ expense thereof, and number of persons employed at each of the customs
ports and districts during the past fiscal year ; also the value of merchandise and estimated duties thereon transported from exterior to interior ports without appraisement. It is gratifying to be able to show
a further reduction in the percentage cost of collecting the customs
revenue; during the past yea;r it was 2.94 per cent., for the year 1885
it was 3.77 per cent.
^Tliis report will be found in the Appendix, page 851.
CUSTOMS
ADMINISTRATION—FOREIGN
COMMERCE.
XXXIII
Consolidation of Districts.
I renew the recommendation made last year, and repeatedly made by
my predecessors, fpr the consolidation of customs districts, and the abolition of useless customs establishments. I t seems to have been the
policy of Congress for several years past to create new ports, but not to
discontinue those which have long since ceased to have any importing
trade or other business of consequence, and are still maintained at large
expense. If this policy, is to continue, and appropriations are^not to be
made annually according to estimates submitted, as required by the fifth
section of the act of August 5,1885, it is imperatively necessary, for reasons detailed in my last annual report, that the permanent appropriation
for the expense of collecting the revenue from customs shall be considerably increased.
Fixed Salaries for Collectors a7id Surveyors.
I also renew the suggestion that the compensation of alL collectors
and surveyors of customs be fixed by law and paid from the Treasury,
and that all fees, emoluments, and perquisites now allowed to these
officers be abolished. This should be done both as a measure of economy
and to promote the morale and efficiency of the service.
Conferences of Local Appraisers, •
These conferences have been continued during, the past year,, and
under the increased appropriation made for their support by the act
of October 2, last, steps have been taken towards'extending their benefits to the more distant ports.
The reports received from the recording officers, and the individual
opinions expressed by the appraisers who attend the conferences, so
far as heard from, continue to commend their influence as exceedingly
beneficial to the service.
FOREIGN
COMMERCE.
The values of bur imports from and exports to foreign countries
during the year ended June 30, 1888, as compared with the preceding
fiscal year, were as follows:
Merchandise,
1887.
Exports—
Domestic
Foreign
;
Total
'
..
Imports
Excess of exports
Excess of imports
H. Ex. 2-
-III
1888.
$703,022,923
13,160,288
$683,862,104
12,092,403
716,183,211
692,319,768
695,954,507
723,957,114
23,863,443
'.
28,002,607
XXXIV
REPORT
OF T H E SECREITARY *0F T H E
TREASURY.
Specie,
1888.
Exports
Imports
E x c e s s of i m p o r t s ,
$35,997,691
60,170,792
$46,414,183.
59,337,986
24,173,101
12,923,803
The total value of the imports ahd exports of the last fiscal year,,
when compared with that of the fiscal year 1887, shows an increase of
$20,992,328.
[An extended analysis of the condition, growth, leading characteristics, &c., of our foreign trade, as compared with that of preceding
years, will be found in the Annual Eeport of the Chief of the Bureau
of Statistics on Foreign Commerce.]
.
Exports,
The value of our exports of domestic merchandise during the last
fiscal year was less than that of 1887 by $19,160,819.
The following are the articles of domestic product or manufacture
the exports of which have materially increased during the last fiscal
year:
.
I n c r e a s e d o v e r 1887.
Animals.........
, Wlieat-flour
Copper-ore
!....,
Cotton, unmanufactured
Beef products.......
Wood, and manufactures of...
$2,286,728
-2,827,628
' 3,370,763
16, 794, 703
2, 922, 812
3, 408,174
,
The following are the articles of domestic product or manufacture
the exports of which have decreased during the last fiscal year:
D e c r e a s e d s i n c e 1887.
Corn
Wheat...
Cotton, manufactures of.
Hog products
Oleomargarine
Sugar, refined
Tobacco, unmanufactured
...,
i
|5, 991, 411
34,475,013
1, 916,153
2,360,066
1,322,222
9,250,977
4, 012,193
FOREIGN
COMMERCE„
XXXV
The values of the principal articles of domestic merchandise exported
during the two years ended June 30,1887 and 1888, were as follows:
Articles.
1887.
Animals
Breadstuffs
Coal
Copper, and manufactures of
Cotton, a n d man-ufactures of...
Furs and fur-skins
Iron and steel, and manufactures of.
Leather, and manufactures of.
Oil-cake a n d oil-cake meal
Oil, mineral
Provisions:
Meat products!
Dairy products
!
Sugar
Tobacco, and manufactures of
'.
AVood, and manufactures of.
;
Total
Value of all domestic exports.
,
Per cent, of enumerated articles to total
$10,598,362
165,768,662
4,526,325
3,727,447
221,151,399
v4,807,277
15,963,756
10,436,138
7,309,691
46,824,915
$12,885,090
127,191,687
6,295,380
3,812,798
236,029,949
. 4,777,246
17,763,034
9,583,411
6,423,930
47,042,409
82,945,994
9,837,302
11,442,337
29,230,672
19,654,934
82,142,687
10,916,018
2,192,290
25,514,541
' 23,063,108-
644,225,211
615,633,578
703,022,923
91.6
683,862,104
90.2.
The values of exports of domestic merchandise during the year ended
June 30, 1888, classified by groups according to sources of production,
were as follows:
Values.
Products of aoriculture .. ..!^.
.
Products of inanufacture...
f'roducts of mining (including mineral oils)
Products of the forest
Products of the fisheries.
Other products
'.
. . . . .
.
$500,840,086
130,300,087
17,993,895
23,991,092
5,518,552
5,218,392
Total
683,862,104
Per cent.
''
73 23
19 05
2.63
3 51
.82
.76
100.00
Imports.
The total value of the imports of mefchandise increased from $692, 319,768 in 1887 to $723,957,114 in 1888, being an increase of $31,637,346, or 4.6 per cent., of which $9,850,484 represents theincrease i n t h e
value of free merchandise, and $21,786,862 the increase in the value of
dutiable imports.
The following are the articles .of merchandise the imports of which
have materially increased or decreased during the fiscal year 1888:
Increase.
Free of d u t y :
Coffee
Fruits, including nuts, not elsewhere specified
India-rubber and gutta-percha, crude
Ore, silver-bearing
Tin, bars, blocks, or pigs
Dutiable:
Breadstuffs
Hemp, ahd substitutes for....
,
"
.•>
14,160,030
1, 020, 208
2,310,4.79
1,317,279
1,8.30,866
2,115,564
2,893,315
XXXVI
REPORT OF T H E SECRETARY OF T H E
Sisal-grass, and other vegetable substances
Flax, hemp, jute, &c., manufactures of
Hats, bonnets, and hoods, and materials for
Bars, railway, of steel, or in part of steel
Tin-plates, terne-plates, or taggers' tin
Seeds, not medicinal, not elsewhere specified
Silk, manufactures of.
Tobacco, and manufactures of.....
Vegetables
Wood, and manufactures of.
Wool: Clothing wools
Manufactures of.
TREASURY.
\
$1, 697, 893
1, 809,143
1,517,267
1,731,378
2, 068, 454
1,260,662
2,003,076
2, 201, 327
5, 015, 07S
1,026,845
1,109,675
'
816,675
,
.'
Decrease.
Free of d u t y :
Tea
....'
2.
Dutiable:
Fruits, including nuts
Hops
Pig-iron
2.
Scrap-iron, wrought, and cast, fit only to be remanufactured
Ingots,' blooms, slabs, billets, and bars of steel, &c
Sugar, molasses, sugar-candy, and confectionery
Combing-wools
,.
3,411,117
=
1,126,471
2,387,174
1,485,909
1, 562, 68°6
1, 373, 921
5, 025,181
1,197,995
Imports Entered for Consumption.
The values of imported merchandise entered for consumption in the
TJnited States, and the ordinary duty collected thereon, during the last
four fiscal years, have been as follows:
V a l u e of m e r c h a n d i s e .
Dutiable.
Ordinary
duty
collected.
$386,667,820
41.3,778,055
450,325,322
468,143,774
$177,319,550
188,379,397
212,032,424
213,509,802
Y e a r e n d i n g J u n e 30—
F r e e of d u t y .
1885
1886
1887
1888
:
$192,912,2.34
211,530,759
233,093,059
244,104,852 '
A v e r a g e r a t e c o l l e c t e d on—
Dutiable.
P e r cent.
45.86
45.55
47.10,
45.63
Free and
dutiable.
P e r cent.
30.59
30.13
31.02
29.98
It will be seen that while there was an increase of $17,818,452 in the
value of dutiable imported merchandise entered for consumption during the last fiscal year, as compared with the preceding year, the amount
of customs revenue derived from' these importations was about the same
JIS the revenue derived from similar importations during the fiscal year
1887.
The principal changes in duties collected on articles and classes of
articles imported was an increase in the duty collected on manufactures
of wool; flax, hemp, jute, and manufactures of; silk, manufactures of;
manufactures of iron; and potatoes; and a falling off in the duty
collected on imports of sugar, molasses, and confectionery; raw wool;
and iron ore and pig iron.
'
FOREIGN COMMERCE.
XXXVII
Leading Articles of Imports Entered for Consumption.
The follbwing table shows the values of the leading and all other
articles of imported merchandise entered for consumption in the United
States, including both entries for immediate consumption and with
drawals from Avarehouse for consumption, during the years ending
June 30, 1887 and 1888:
F E E E OF D U T Y .
1887.
Articles,
Values.
Values.
Dollars.
56,3G0,701 42
27,025,787 62
24,225,776 2L
19,640,397 00
13,762,627 00
16,373,422 66
6,927,710 00
4,767,628 58
4,538,719 21
3,840,925 00
3,550,191 83
3,315,964 92
3,136,081 52
2,659,700 47
1,960,405 30
1,670.008 00
2,404,423 00
1,736,239 58
2,4,1,279 GO
1,098, SOL 82
1,239.247 00
1,773;367 98
28,614,493 34
Coffee
:
Chemicals, drugs, dyes, a n d medicines
H i d e s a n d skins, other t h a n fur-skins
S i l k s , u n m a n u f a c t u r e d , c o c o o n s , eggg^ &c..........
India-rubber a n d gutta-percha
Tea
Tin, bars, blocks, or pigs, grain or«granulated...
Fruits, including nuts
.•
Paper-stock, crude
'..
Ores (emeKy,gold, and'silver)
Wood, unmanufactured
Spices, u n g r o u n d
Animals
'.
H o u s e h o l d effects, &c., of i m m i g r a n t s
Eggs
C o c o a o r c a c a o , c r u d e , l e a v e s a n d s h e l l s of
Hair
Oils, fixed o r e x p r e s s e d a n d v o l a t i l e o r e s s e n t i a l
F u r s a n d fur-skins, undressed
Fish
;
C o r k - w o o d o r cork-barl^«^ u n m a n u f a c t u r e d
Fertilizers
A l l o t h e r free a r t i c l e s
T o t a l free of d u t y
233,093,659 15
DoUars.
60,509,522 29
25,679,931 59
23,972,616 58
19,932,337 00
16,077,262 00
13,473,919 38
8,758,562 00
5,774,847 97
5,462,255 83
5,238,647 00
4,140,708 72
3,344,069 06
3,336,621 75
2,989,496 23
2,312,476 56
2,252,031 00
2,129,938 00
2,029,783 87
1,952,305 37
1,385,5,14 42
1,030,695 00
1,003,829 GO
31,317,481 79 >
244,104,852 46
DUTIABLE.
The following are the leading articles of imported merchandise entered for consumption on which the customs revenue was collected
during the last two fiscal years ending June 30, 1888 :
1888. .
1887.
. Articles.
. Value.
S u g a r , m o l a s s e s , a n d c o n f e c t i o n e r y . . . . $72,242,279 20
W o o l , a n d m a n u f a c t u r e s of:
AVool r a w
M a n u f a c t u r e s of.
Duty
collected.
$58, .016,686 34
Value.
Duty
collected.
$68,973,214 36 $52,007,979 89
36,351,369 97
44,235,243 64
5,899,816.63
29,729,717 50
34,064,100 10
47,158,048 16
4,729,486 50
32,213,120 65
60,586,613 61
35,629,534 13
61,222,148 26
36,942,607 15
M a n u f a c t u r e s of.
8,622,254 08
41,996,731 52
3,667,021 88
17,046,212 01
6,869,228 18
44,110,841 53
2,882,886 34
18,391,246 11
Total
50,618,985 60
20,713,233 89
50,980,069 71
21,274,132 45
Total
I r o n a n d s t e e l , a n d m a n u f a c t u r e s of:
XXXVIII
REPORT OF T H E SECRETARY OF THE
TREASURY.
1888.
1887.
Articles.
Duty
collected.
• Value.
Duty
collected.
Value.
F l a x , h e m p , j u t e , &c., a n d m a n u f a c t u r e s of:
M a n u f a c t u r e s of'
$11,880,121 00
21,927,161 55
'.
$1,930,340 02
7,567,641 72
$16,597,150 00
23,015,588 10
$2,388,002 33
7,914,092 99
9,497,981 74
39,612,738 10
10,302,095 32
32,942,629
28,706,702
15, 106,551
12,814,525
11,032,310
12,314,428
11,671,497
03
67
08
85
74
66
21
16 351,685 48
11 491 897 37
4,477,535 21
4,622,441 94
1,182,334 34
9,734,987^5
3,479,248 89
614,186 73
2,939,923 04
3,848,133 05
1, .353,889 50
1,972,287 27
7,310,190 09
666,666 39
2,981,772 22
4,014,805 58
10,190,946 40^ ^ 7, 402,242 82
10,636,366 86
7,663,244 19
2,977 26
1,500,206 83
18,188 39
9,362,475 22
3,426 39
1,681,? 572 08
33,807,282 55
Total
31,264,276
29,150,058
C o t t o n m a n u f a c t u r e s of
15,088,073
Fruits including nuts
O h e m i c a l s , d r i i g s , d y e s , a n d m e d i c i n e s . . 13,285,225
10,981,191
Jewelry and precious stones
10,955,125
T o b a c c o , a n d m a n u f a c t u r e s of
10,933,569
L e a t h e r , a n d m a n u f a c t u r e s of
58
83
82
75
66
03
77
15,540,300
11,710,719
4,210,098
4,654,165
1,162,300
9,127,758
3,286,862
70
88
61
24
19
26
17
Liquors—malt, spirituous, and wines:
1,267,.309 25
1,909,899 96
7,013,737 19
Snirits distilled
Wines
Total
AVood, a n d m a n u f a c t u r e s of
M a n u f a c t u r e s of
15,087 39,
8,208,'416 67
.'
Total
Grlass a n d e r l a s s w a r e
F a n c y articles
Breadstuffs
Hats, bonnets, and hoods, and aiater i a l s for
F u r s a n d m a n u f a c t u r e s of
Total
;
8,223,504 06
1, .503,184 09
9,380,663 61
1,684,998 47
7,301,339
7,185,998
6,386,560
5,708,093
78
95
72
40
4,510,312
2,949, 360
1,075,811
3,251,881
48
14
24
22
7,721,453
7,237,822
8,215,333
6,262,337
31
46
07
59
4,799,251
3 022,742
1,115,811
3,568,276
52
22
23
56
4,902,911
4,665,066
4.545,265
52,302,953
07
51
24
02
1,051,609
• 933,013
926,217
14,879,150
00
30
73
70
5,748,751
4,661,849
4,811,412
57,990,968
83
06
44
08
1,241,915
932,369
\971,195
11,643,060
45
81
86
87
450,325,321 55
212,032,423 90
468,143,773 98 213,509,801 5?
FOREiaiSr CARRYING TRADE.
The following table shows the values of the imports and exports of
the United States carried respectively in American vessels and in foreign vessels during each fiscal year from 1856 to 1888, inclusive, with
the percentage carried in American vessels:
•
I n cars a n d
other
land vehicles.
Y e a r e n d i n g J u n e 30—
1856
1857
1858
1859
I860
1861
1862
1863
1864 . ...
1865
1866
1867...
1868
1869
1870
1871
L872
'.....
:•
;
$22,985,510
27,650,770
Ih American
vessels.
$482,268,274
510,331,027
447,191,304
465,741,381
507,247,757
381,516,788
217,695,481
241,872,471
184,061,486
167,402,872
325,711,861
297,834,904
297,981,573
289,956,772
352,969,401
353,664,172
345.331,101
I n foreign
vessels.
$159,336,576
213,519,796
160,066,267
229,816,211
255,040,793
203,478,278
218,015,296
343,056,631
485,793,548°
437,010,124
685,226,691
581,330,403
550,540,074
586,492,012
638,927,488
755,822,576
839,346,362
Total.
^ $641,604,850
723,850,823
607,257,571
695,557,592
762,288,550
584,995,066
435,710,714
584,928,502
669,855,034
604,412,996
1,010,938,552
879,165,307
848,527,647
876,448,784
991,896,889
1,132,472,258
1,212,328,233
Percentage
carried in
American
vessels.
75.2
70:5
73.7
66.9
66.5
65.2
50.0
41.4
27.5
27.7
32 2
33 9
35 1
33 1
35 6
31 2
28.5
FOREIGN CARRYING TRADE—IMMIGRATION.
/
Y e a r e n d i n g J u n e 30—
1873
1874
,
1875..
1876
1877
1878.
1879...'..:
1880
1881
1882
1883
1884
1885....
1886....'.
1887
1888.,
I n cars a n d
other
l a n d vehicles.
$27,869,978
23,022,540
20,388,2a5
18,473,154
17,464,810
20,477,364
19,423,685
20,981,393
25,452,521
. 34,973,317
48,092,892
46,714,068
45,332,775
43,700,350
48,951,725
54,356,827
In American
vessels.
$346,306,592
350,451,994
314,257,792
311,0-^e, 1.71
316,66(), 281
313,050,906
272,015,692
258,346,577
250,586,420227.229.745
240,420,500
233,699,035
194,865,743
197,349,503
194.356.746
190,857,473
I n foreign
vessels.
Total.
$966,723,651
939,206,106
884,788,517
813,354,987
859,920,536
876,991,129
911,269,232
1,224,265,434
1,269,002,983
1,212,978,769
1,258,506,924
1,127,798,199
1,079,518,566
1,073,911,113
1,16.5,194,508
1,174,697,321
$1,340,899,221
1,312,680,640
1,219,434,544
1,142,904,312
1,194,045,627
1,210,519,399
1,202,708,609
1,503,593,404
1,545,041,974
1,475,181,831
1,547,020,316
1,408,211,302
1,319,717,084
1,314,960,966
1,408,502,979
1,419,911,621
XXXIX
Percentage
carried in
American
vessels.
25.8
26 7
25.8'
33.1
26.5
25.9
22 6
17.18
16.22
15.40
15.54
16.60
14.76
15.01
13.80
13.44
NOTE l.^-The yalue of commodities carried in cars and other land vehicles was not separately
stated prior to J u l y 1, 1870.
^
<
NOTE 2'.—The amounts stated prior to 1880 include the value of coin and bullion, those from.
1880 to 1888, inclusive, merchandise only.
Thus it will be seen that our foreign commerce, carried in vessels of
the TJnited States, measured by its value, has steadily declined from 75
per cent, in 1856 to less than 14 per cent, in 1888. Even of this small
percentage only 53 i3er cent, was carried in steam-vessels bearing our
flag.
IMMIGRATION.
The state commissioners heretofore employed under contracts au-thorized by the immigrant act, have* continued during the last fiscal
year to conductjthe local affairs of immigration at the following ports:
Baltimore, Boston, Galveston, Key West, I^ew Orleans, ISTew York,
Philadelphia, Portland, Me., and San Francisco. The immigration
at none of the other ports was deemed sufficient to justify the employment of a commissioner, and the business has been conducted by the,
respective collectors of customs at those ports.
The receipts of capitation-tax for the year ending June 30, 1888,
were $291,189.50. The expenditures on account of immigration during the year were $159,836.10.'^
, The total number of alien passengers coming into the IJnited States,
by steam or sail vessel from foreign countries, other than the Dominion
of Canada and Mexi(30, during theyear ending June 30, 1888, was 567,510, of which number 20,621 were tourists or aliens nbt intending to
remain in the United States.
The following statement exhibits the number of immigrants examined
by the commissioners of immigration at the several ports named, and
R E P O R T OF THE SECRETARY OF T H E
XL
TREASURY.
the number returned to the countries whence they came, during the
year ending June 30, 1888 :
No . returned.
No. examined.
' • : ^
Ports.
•i2
Male.
Female.
Total.
.2
'>
a
if.
t
-2
o
o> OJ b o
"'3
0
i
o
o
Baltimore
411.
Galveston
Key West
N e w Orleans
NewYork
Portland
S a n FranciBco
Total
.
1.7,777
26,260
91
3, 614
•
2,782
255,401
22,132
158
15,559
15,625
19,3?2
13
1,411
793
13*1,728
14,886
95
1,636
33,402
45,632
104
5,025
3,575
387,129
37,018
253
*17,195
343,774
186,559
529,333
2
.24
36
71
38
95
11
8'
801
81
6
16
873
89
6
17
19
1,011
1,118
/
15
46
15
73
1
* Includes 12,967 Chinese returning.
The recommendations contained in my last annual report respecting
certain amendments to the Immigrant Act, are here repeated asfollows:
'^That liie existing law be so amended that, in addition to the provision x^rohibiting the landing of aliens liable to become a public charge,
idiots, lunatics, and convicts, a fine reasonable in amount should be
imposed upon the master of the vessel for every such person brought
by him to this country, and that such fine be made a lien upon the
vessel.
<« Provision should also be made that, where aliens, after having been
landed, are found, within a time to be fixed, to be of either of the
classes whose landing is prohibited, they should be deported by or at
the expense of the master or owner of the vessel bringing them, and, on
failure to do so, such master or owner to be subject to fine.''
The examinations of immigrants required by the laws relating to alien
contract-labor have been made by the collectors of customs at the several
ports, aided by the commissioners of immigration at ports where those
ofiicers were stationed. No appropriation having been made to carry
into effect the provisions of the act during the fiscal year ending June
30, 1888, its enforcement was necessarily made an incident of the customs service, and, with the limited appropriations provided for that
service, the means for a perfect and successful execution ofthe law were
wanting. It is believed, however, that the collectors haye been vigilant,
and have made every effort within their power to prevent t»he landing
of all persons known to them to be within the prohibition of the statute.
But their first duty is the collection of the revenue, and as the force at
their cohimand has been barely sufiicient for that purpose, they should
IMMIGRATION
NAVIGATION.
XLI
not be held responsible for evasions of the law which they were powerless to prevent.
All cases of alleged violations of law reported to the Department
Tere referred to the Department of Justice for prosecution.
A t t h e request of the Department an appropriation has been provided
ior the present year for the purpose of carrying into effect the i3rovisions
of the law. And, in order to render the execution of the law more
effective, amendments thereto were passed, October 19, 1888, ui)on the
recommendation of the Treasury Department, by which the Secretary ,
of the Treasury is authorized, in case he shall be satisfied that an immigrant has been allowed to land contrary to law, to cause such immigrant
within a period of one year after landing or entry, to be taken into
custody and returned to the country whence he came, at the expense of
the owner of the importing vessel, or, if he entered from an adjoining
country, at the expense of the person previously contracting fpr the
service.
The Secretary of the Treasury is also authorized tp pay to an informer
who furnishes original information that the law has been violated, such
share of the penalties recovered as he may deem reasonable and just,
not exceeding 50 per centum, where it appears that the recovery was
had in consequence ofthe information thus furnished.
It is believed that these provisions of the law, with the appropriation
to meet the necessary expenses of its proper enforcement, will be sufficient to prevent the landing of persons prohibited by the statute.
Under the law as amended, a special force has been employed at the
principal ports whose duty is to attend to the enforcement of its provisions.
It will be observed that like provisions are recommended to be in- <
serted by way of amendment to the Immigrant Act, which, if adopted,,
will render these laws more effective in keeping out undesirable immigrants.
NAVIGATION.
The Bureau of Navigation reports a small increase during the last
fiscal year in the tonnage of the country, arising from the building of
vessels, chiefly for the coasting trade. The tonnage built during the
previous year was 150,450 tons, while that built during the past year was
218,086 tons, comparing favorably, according to the statistics available,
with the amount built during that time in Austria, Belgium, Denmark, France, Germany, the Netherlands, Italy, Eussia, and Sweden
combined. The amounts in either case, however, are small as compared with the tonnage built in the TJnited Kingdom, where, on the
XLII
REPORT'OF
TPIE SECRETARY OF T H E
TREASURY.
30th of June, 1888, 377 vessels, of 608,118 tons gross, were under construction. It is useless to expect any material increase in the building
of iron and steel 'Steam-vessels in this country for the foreign trade
under i:)resent conditions. Were all the restrictions of the tariff removed, the business would still be hampered by the higher cost of the
completed vessel as compared with the exj)ense of a similar ship built
upon the Clyde or at Belfast.
The tonnage of the country amounted at the close of the last fiscal
year to the respectable figure of 4,191,915.77 tons, and is, likely to
increase, for the reason that the decrease of the tonnage in the foreign
trade is less than the increase in the tonnage built for the domestic
trade, more especially upon the Great Lakes, where the business of
shipping grain and ore is growing rapidly.
The burdens imposed uiDon the coasting trade by Federal legislation
have nearly all been removed within the past four years, with the exception of such as may arise from the present tariff. Other disabilities,
springing from local legislation in regard to compulsory pilotage and
taxation, should be abolished by the, States. Coasting vessels of one
State are forced to compete with those of others, and to burden the
former with local taxation, while the latter are exempt therefrom,
is injudicious, so far as the interests of the State are concerned, and
unfair to the owners of the property.
INTERNAL REVENUE.
The receipts from the several objects of internal taxation during the
last two fiscal years, as reported by the Commissioner of Internal Revenue, are as follows:
Fiscal year ended J u n e 30—
Objects of taxation.
Distilledspirits
(...
Manufactured tobacco
Fermented liquors
'Oleomargarine
Bank circulation
Penalties, &c
Oollections under repealed laws.
Total
$65,829.321 71
30,108,067 13
21,922,187 49
723,948 04
4,288 37
220,204 83
29,283 49
S69,306,166 41
30,662,431 52
23,324,218 48
864,139 88
4,202 55
155,547 61
9,768'87
118,837,301 06
124,326,475 32
Front the above table it ai)pears that the increase in the collections
-on spirits during the last fiscal year was $3,476,844.70; on tobacco,
$554,364.39; on fermented liquors, $1,402,030.99; and on oleomargarine, $140,191.84. There was a decrease of $85.82 in the receipts from
INTERNAL REVENUE.
XLIII
bank circulation, and of $19,514.62 in the collections under repealed
laws. There was also a decrease of $64,657.22 in penalties collected.
It will be observed that there is a slight discrepancy between the
figures representing the total receipts for the two years, as shown in
the foregoing table, and the amounts covered into the Treasury by
warrants. This is explained by the fact that all sums are not deposited
'during the same fiscal years.ih which they are collected. The cost of
collecting the internal revenue was reduced during this year from 3.4,
the cost for the year 1887, to less than 3.2.
In the enforcement of the law for the collection of the tax on distilled spirits in some of the sparsely-settled portions of the country,
and for the suppression of illicit distillation, the officers of internal
revenue have suffered loss from the destruction, by persons operating
^unregistered stills and their lawless comrades, of their vehicles, and
the killing or maimiDg of their horses, used while traveling on official
duty.
-Under existing laws there is no authority to reimburse the officer
for the loss or damage sustained from such causes. Section 3171 of
the Revised Statutes confers jurisdiction in such cases upon the United
States court in a suit for damages; but this is of little or no benefit to
the injured j)erson, for the reason that it is usually impossible to obtain,
•evidence to sustain an action against the guilty parties. Or, if they
iire discovered and convicted, they are generally so irresiDonsible,
pecuniarily, that judgments recovered are entirely worthless.
Sections 3482 and 3483 of the Revised Statutes provide for the reimbursement of the officer for i^roperty lost while in the military service.
An enactment somewhat similar to the provisions of those sections
would not only be just to the civil officers whose duties expose them,
to loss and damage in x)roperty, but would encourage them in the more
faithful performance of an arduous and dangerous duty.
The Commissioner in his report reiterates his recommendation in
previous reports, that the law be so amended as to authorize the distillation of brandy,from all kinds of fruits, under the exemptions nPw
accorded to distillers of brandy from apples, peaches, or grapes exclusively, and to provide for the storage of all kinds of fruit brandy in
special bonded warehouses.
He also expresses the opinion, in reference to the ]3roposition to
remove the tax from brandy distilled from fruit, that the additional
volume of such spirits which might reasonably be expected to be produced under the inducement afforded by competition with grain and
molasses spirits, taxed at 90 cents a gallon, would materially affect the
XLIV
REPORT OF THE SECRETARY.OF THE TREASURY.
smaller producers of the latter spirits, and, by inducing illicit distillation, would present increased difficulties in the enforcement of the law*
With a view to determining the practicability of methylating spirits,
as a protection against fraud in the use of alcohol in the arts, free of
tax, the Commissioner caused attempts to be made with the chemical
apparatus in his pffice to demethylate certain spirits which had beeB
methylated by the use of wood naphtha, a^ in Great Britain. The detailed report of the officer who conducted the experiments, and the
report received from the inland-revenue officer in Canada, both published in the Commissioner's report, indicate that ,it is not safe to rely
upon methylation to prevent frauds in the use of alcohol withdrawn
from bonded warehouses, free of tax, for use in the arts.
The Commissioner also again calls attention to the great disparity
between the special taxes and .the tax on the article itself in the oleomargarine law, and refers to his recommendation in the matter in
previous reports.
In order to supply the Congress with means for a more intelligent
consideration of the subject, he furnishes copies of the most important
of the European laws relating to oleomargarine. He also furnishes a
list of the State laws relating to the adulteration of food and drugs,
together with a very full list of scientific works of interest to analytical
chemists and other officers charged with the enforcement of the recent
act of Congress to prevent the manufacture and sale of adulterated
food and drugs in the.District of Columbia, this act having provided'
that the analysis of food and drugs shall be performed under the
control of the Commissioner of Internal Revenue.
• I renew my recommendation to amalgamate the internal revenue and
/customs systems, thereby reducing the number of officers and the expense of collecting the entire revenues.
A NON-PARTISAN CIVIL SERVICE.
Almost all of the subordinate service of this Department is now appointed under the civil sevice system of rules. But also five important branches of the Treasury Department are in a large measure- removed from political influences, and yet are not under what is technically known as the civil service system. They are the Coast and Geodetic
Shrvey, Life-Saving Service, the Revenue-Marine, the Marine-Hospi tal
Service, and the Light-House Service. Much has been gained in this regard in all ofthese branches, particularly the latter, duringthe past three
years, and if their administration continues to be conducted in the present
spirit it will be of benefit to the country. If the Customs and Internal
CIVIL S E R V I C E — R E V E N U E - M A R I N E .
XLV
Revenue Services were amalgamated into one service and then made
strictly non-partisan like the Revenue-Marine, it could be freed from its
local character and made a general service, so that a pieculiarly efficient
collector, appraiser, or other officer, could be sent to a port where his
services were especially needed; and the location of these officers might
be changed from time to time, thus providing an efficient check upon
•each other. Such a system, if adopted, would in my judgment promote
efficiency and economy. It has been tried to a small extent during the
past year with very good results.
REVENUE-MARINE SERVICE.
The arduous and steady work of the revenue cutters has been faithfully and successfully conducted by the officers of this service during
the iDast year, ahd the only drawback to a large increase in the record
of duty performed-has been the disabled condition of some of the ves-^
sels which require replacement and more extensive repairs than the
funds now available will allow.
The following is the record of regular duty for the year ended June
30, 1888: .
.
Aggregate number of miles cruised by vessels
'.
303, 311
Number of merchant-vessels boarded and examined
25, 552
Number of merchant-vessels found violating law in some particular and
seized or reported to proper authorities
1, 026
Fines and penalties incurred by vessels so seized or reported
|311, 844. 00
Number of vessels in distress assisted
;^
526
Value of vessel's and their cargoes imperilled by the sea to which assistance was rendered
17,328,793.00
ISFumber of persons on board vessels assisted
4, 041
Sixty persons were i3icked out of the water and saved from drowning.
The steamers ^^Rush^' and '^Bear'' cruised during the summer in
the vicinity of the Pribylov Islands withoul^ encountering any vessels
in that part of Behring Sea engaged in the unlawful killing of seals.
In their visits.to other parts of the Territory of Alaska, the proper
maintenance of the customs regulations of the United States was investigated and enforced.
Substantial aid was given by these vessels, at the various points at
which they touched, to shipwrecked seamen, destitute miners and explorers, and to the natives of the Territory; medical attendance being
frequently afforded, which could be obtained from no other source.
CaT)tain Shepard brought down to San Francisco, i n t h e ^^Rush,''
thirty persons whose removal from the exposed situations in which
they were placed was a matter of necessity or humanity.
The ^^Bear,'' underthe command of Captain Healy, went as far north
as Point Barrow, and at that place took on board one hundred and sixty
XLVI
REPORT OF THE SECRETARY OF THE TREASURY..
persons, being the officers and crews of the whaling-barks ^^Fleetwing,'^
^^Mary anci Susan,'' and ^'Young Phoenix," and the schopners ^^ Jane^
Gray," and ^^Ino," that had been wreck,ed in a violent gale. Some of
these unfortunate seamen were transferred to other vessels of the whaling fleet, but one hundred and eight were conveyed by the '^Bear" tO'
San Francisco. ,
The great danger attending whaling in the Arctic, on the west coast
of this country, should lead the United States to render all the assistance in its power to shipwrecked mariners in those regions.
Much assistance could be afforded by a staunch revenue steamer
cruising along the coast each year during the whaling season. This
duty, as well as any emergent service cannot be met by the " B e a r "
in her present condition, and a provision of $25,000 to strengthen and.
repair this vessel is recommended.
Material assistance has been given, as customary, by the officers and
vessels of this service, to the Life Saving Service. The distance cruised
while performing this duty aggregated 13,045 miles.
The expenditures of the Revenue-Cutter Service for the year 1888<
were abPut $912,000.
LIFE-SAVING SERVICE.
The number of life-saving stations in commission at the close of t h e
year was 222.
With the extension of the Service the number of disasters falling
.within its scope has correspondingly increased. The success of its
operations, however, has in nowise abated. The Service has continued,
to improve its methods and appliances,, and this year offers a record
excelling any heretofore iDresented.. More lives and property wxre involved in disasters than in any former year, while the loss of both is^
in proportion less.
There were ^luring the year 411 disasters to documented vessels. Onboard these vessels there were 3,653 persons, of whom 3,B41 were saved,
and 12 lost. The number of shixDwrecked persons succored at the stations was 743, and they received 1,898 days relief in the aggregate. The
value of property involved is estimated at $9,555,285; of this $7,776,405
was saved, and $1,778,880^ lost. The number of vessels totally lost was
71. In addition' to the foregoing, there were 133 disasters to smaller
craft, such as sail-boats, row-boats, &c., involving the lives of 297 persons, of whom 292 were saved, and 5 lost. The property involved in
these instances is estimated at $197,935) of which, $190'255'were savedy
•and $7,680 lost.
.
.
' . .
LiiFE
SAViNfi—MARINE
HOSPITAL.
XLVII
The aggregate is as follows:
Total number of disasters
l
Total value of property involved
'.
Total value of property saved
Total value of property lost
.*...
Total number of persons involved
Total number of persons lost
"^Total number of shipwrecked persons succored at stations
Total number of days succor aiforded
Number of vessels totally lost
544
$9,753,220
^7,966,660
| 1 , 786, 560
i...
3, 950
J
17
743
1, 898
:..
71
Thirty-seven persons not included in the above were rescued, who
had fallen from wharves, piers, &c., and would j)robably have been
lost but for the help of the life-saving crews.
The assistance rendered in saving vessels and cargoes has been greater
than ever before, 492 vessels having been wprked off when stranded, rej)aired when damaged, piloted out of dangerous, places and similarly
aided b y t h e station crews. There were also 229 instances, in which
vessels were warned off by the signals of the patrolmen when in danger
of stranding.
The cost of the maintenance of the Service during the year was
$928,213.03.
\
I .
Four new stations were established and put in operation during the
year: one at Cape Elizabeth, Maine; one at Jerry's Point, E'ew Hampshire; one at Cape Lookout, IsTorth Carolina; and one at Yelasco,
Texas. ContTacts have also been entered into for the construction of
stations at Point Allerton, Massachusetts; Metompkin Inlet, Virginia;
.Oak Island, IsTorth Carolina; Fort Point, near Galveston, Texas; and
Michigan City, India^na. Several of these are now building and all
will probably be completed within the current fiscal year.
Eight of the older stations have been rebuilt since the last report—at
I^arragansett Pier, Point Judith, and ^New Shoreham, Rhode Island;
JSTapeague and Far Rockaway, Long Island; and at Bond's,Sea,Isle
City, and Hereford Inlet, J^ew Jersey., The stations;at Great Egg
Harbor, I^ew Jersey, and at Sheboygan, Wisconsin, are also being re' built. Twelve stations upon different portions of the coast have re-^
ceived extensive repairs and alterations.
The telephone servicp heretofore established between a number of
the stations, having proved of great benefit, has been extended during
the year, so that now a large portion of the IsTew Jerse^^y Delaware,
Yirginia, and IsTorth Carolina coasts are provided with this advantage.
Preliminary survej^s and estimates have also been made with a view •
of iestablishing it upon Long Island.
MARINE-HOSPITAL SERVICE.
The Supervising Surgeon-General of the Marine-Hospital Service
reports that during the year just passed there have been treated^
XLVIII
REPORT OF THE SECRETARY OF THE TREASURY.
'43,203 patients, which is the greatest number* of patients furnished
relief in any year sinee the organization of the Service.
The receipts from all sources were $49B,441.69, and the expenditures
were $528,844.66, which amount was paid from the unexpended balance
to the credit of this appropriation in the Treasury.
Better facilities for laboratory work and more room for storage* purposes have recently been secured by the removal of the Bureau from
1419-1421 G street, IS^. W., to 1306-1308 F street, JST. W., the Departnient having leased the latter-named premises. The lease began July
1,. 1888, but, owing to the necessity of making repairs and alterations
in the building, the store-room 1314 F street was occupied temporarily
as a store-room and laboratory. The new location of the Bureau is a
marked improvement over the old, but the necessity still remains for
a building specially designed for the uses of the several divisions.
The Surgeon-General also recommends that a special laboratory for
bacteriological work be established at this Capital.
A full statement of the sanitary work of the Bureau is made in his
report. The passage of the law providing for the maritime quarantine
stations is a great advance on previous legislation, and will greatl}^
improve the sanitarv defenses of the country. A circular has recently
been issued by the Bureau concerning the treatment of foul ships,
which it is believed will, in the course of time, make a clean oceangoing fleet, as the extraordinary disinfection required in case of the
second appearance of a vessel at one of our ports in a foul and unsanitary condition is, in effect, a penalty upon her. The history of the.
calainitous epidemic of yellow fever in Florida is included in his
report, and it gives me pleasure to state that the officers ofthe MarineHospital Service have performed the delicate duties intrusted to them
with courage, skill, and enthusiasm. The depopulation of Jacksonville was mainly effected by means of the establishment of a refuge
camp, the Surgeon-General proceeding to Florida for that purpose.
It is believed that the new legislature of Florida will pass a law creating a State board of health, which will obviate many of the difficul- ties contended with during the management of this epidemic, as it has
been difficult to cooperate with so many boards of health, each having
different regulations, scattered as they were throughout the State.
For the prevention of the spread of the disease from one State to
another, fumigation and inspection stations were established by regulations of August 28, which have required little modification to the
present time. It is my opinion that interstate commerce should be so
regulated as to strip railroads and other common-carriers of their
power to convey disease from one State to another, and that the regu-
STEAMBOAT
XLIX
INSPECTION.
lations to be framed in accordance with such law should be enforced
by national authority. I transmitted a draft of a bill to the chairman
of the Senate Committee on Epidemic Diseases, which was introduced
(Senate 3467), but as yet no action has been had upon it. The passage
of the bill seems to me a public necessity.
The Surgeon-General recommends the establishment of hospital^
buildings at l^ew York and Philadelphia, and that an additional medical
officer be detailed for his office.
STEAMBOAT INSPECTION SERVICE.
Thepersojinel of the Service on the 30th of June, 1888, was composed of 148 officers, clerks, and messengers, as follows :
One Supervising Inspector-General, ten supervising inspectors,
thirty-eight inspectors of hulls, ten assistant inspectors of hulls, thirtyeight inspectors of boilers, eleven assistant insi)ectors of boilers, one
assistant inspector for the examination of life-preservers, ten special
inspectors of foreign steam vessels; one chief clerk, three clerks, and
one .messenger to the Supervising Inspector-General; one clerk to
the«. supervising inspector at ISTew York, twenty-two clerks to local
boards of inspectors, one clerk to the special inspectors at iSTew York,
Additions have been made to the personnel ofthe service during the
year, as follows: An assistant inspector of boilers appointed for the
district of Boston, Mass., and a clerk appointed to the local board of
inspectors at Pittsburgh, Pa.
There was discontinued during the year the office of assistant inspector at Pittsburgh, Pa.
The office of Supervising Inspector-General, supervising and local
inspectors of steam-vessels, &c., are organized under the act of Congress
approved February 28, 1871, now Title 52, Revised Statutes.
The special inspectors of foreign steam-vessels are organized under
the amendment to section 4400, Title 52, Revised Statutes, approved
• August 7, 1882.
STATISTICS OF THE SEEVICE FOR THE FISCAL YEAR ENDING JUNE 30, 1888.
Table giving the statistics for the different divisions of the country.
Divisions.
Pacific coast
A t l a n t i c coast
Western rivers
Northern lakes.....
Gulf coast
Total
,
Steamers
inspected.
Net tonnage.
Officers
licensed.
488
2,880
1,043
1,576
438
127,029.11
47S>934.14
181^524.56
380,498.49
67,148 32
2,27S
12,081
6,250>
.6,502
2,435
6,425
1,235,134.62
29,541
I.
REPORT OF THE SECRETARY OF THE TREASURY.
RECAPITULATION.
Total number of vessels inspected
Total tonnage of vessels inspected
.^.
Total number of of&cers licensed
Increase in number of vessels inspected over preceding years
Increase in tonnage of vessels inspected from preceding year.
Increase in number of ofiicers licensed over preceding year
^ 6, 425
1,235 134.62
29, 541
305
74, 858. 35
1, 553
Expendiitures.
.Salaries Supervising Inspector-General, supervising, local, and assistant
inspectors, and clerks, paid from funds in the Treasury not otherwise
appropriated, acts J u l y 19, 1886, and April 4, 1888 (appointments
.authorized by sections 4402, 4404, and 4414, .Revised Statutes)
|218, 563 30
Contingent Expenses.
Traveling and miscellaneous expenses
| 3 3 , 267
Clerk, messenger, and room rent for board meeting
222
stationery for supervising and local inspectors
859
Engraving, printing and binding licenses
1, 861
New instruments
.•
118
JReconstructing three testing machines.
805
Expense ofstenographer, investigation held at New York..
800
Marshal and witness fees
658
75
00
17
80
20
99
08
30
^
$38, 593 29
Total expenditures for year
257,156 59
' While the above statement shows an increaseof $1,850.16 over the
'<expenses of the preceding year, the total of such expenses is $1,522.07
less than the average annual expenses of the service during the 17 years
existence of the present steamboat laws, and $7,,990.63 less than the
:average of the first 5 j^ears the laws were in operation, namely., 1871 to
1875 inclusive, when the average number of steamers inspected was but
^,804, as against 6,425 steamers inspected during the fiscal year embraced in this report.
As under the acts of Corigress, approved June 19, 1886, and April 4,
1888, the exi)enses of the steamboat inspection service are to be paid
from the indefinite apj^ropriation of the surplus revenues in the Treasury, instead of from the permanent appropriation of funds collected
from fees for inspection of steam-vessels and licensing officers of such
vessels, as provided in section36§9, Revised Statutes, itis recommended
that Congress enact a law to cover the unexpended balance of such fund
.$218,913.17 into the general treasury, so that the accounts of the steaml3oat inspection service in regard to it may be closed.
STEAMBOAT
INSPECTION.
Ll
CASUALTIES.
Total numher of accidents during the year resulting in loss of life.
Number.
Cause.
Fire
Collisions
Breaking of steam-pipes and mud-drums.
Explosions
Snags, wrecks, and sinking
5
12
Total
Total numher of lives lost by accident from various causes during: the fiscal year ended'
June 30, 1888.
Lives
lost.
Cause.
15
54
13
54
57
Fire
f
Explosions or accidental escape of steam
Collisions
Snags, wrecks, a n d s i n k i n g
Accidental drowning
Miscellaneous
9i
Total
Number of lives lost in 1887
Number of lives lost in 18S8
Decrease in 1888
220
202
Of the number of lives lost, as above reported, 85 were passengers
a-nd 117 were officers or persons emx)loyed on the steamers.
The loss of life during the past fiscal year, besides being less than
in the year previous, is less than the average annual loss for the decade,
terminated by the year, the average being 213, while the current year's
loss is but 202. The annual average loss of life for the past 4 years
has been but 184.
The following comparative statement of the work of the Steamboat
Inspection Service for the last 30 years, divided into decades, giving
the average of each, shows a gratifying progress in the efficiency of the
officers of the Service, in carrying into effect the acts of Congress to
prevent the loss of life on yessels propelled in whole or in part by
steam:
•
Term—Decade.
A v e r a g e anti u a l
number steamers.
Average annual
loss of life.
N u m b e r of s t e a m e r s p e r e a c h life
Average number
passengers carried.
1,687
3,645
5,344
721
365
213
2.34
9.98
25.008
100,000,000
300,000,000
500,000,000
1859-1868
1869-1878
1879-1888
lost.
LII
REPORT OF THE SECRETARY OF THE TREASURY.
Inspection_of foreign passenger steam-vessels under ihe act of Congress apiproved August
7, 1882.
Annual inspection—
At New York
132
At Boston
14
At Philadelphia (including 7 inspections on the lakes)
17
At Baltimore (including 49 inspections on the lakes)
-.
66
At New Orleans
,
10
At San Francisco
13
Total
Intermediate inspections
252
1, 964
,
The expenses of the foreign service have been :
Salaries
Traveling ahd miscellaneous expenses
$21,500 00
790 23
'Total
The expenses of the previous year were
22,290 23
22, 967 09
V
Decrease for current year
|676 86
LIGHT-HOUSE SERVICE.
The Light-House Board reports the changes in the aids to navigation
as shown in the following table:
J u n e 3(
1887.
Light-houses, light-ships, and stake-lights, including those on the rivers
New lights of all kinds established during the
year...
,
Lights discontinued during the year
Unlighted beacons
Steani and hot-air fog-signals
Fog bells
Whistling-buoys in position
Bell buoys in position
Lighted buoysi in position
'.
Other buoys in position....,
,..,...
J u n e 30,
1888.
Increase.
2,030
2,226
196
75
38
361
77
140
44
51
4
3,791
204
129
Decrease.
30
152
47
60
4
3,971
The Light-House Board states that the Pacific Coast is insufficiently
lighted, and suggests that considering its present and increasing commerce, it should be supplied with every aid to navigation which can
be consistently given.
• .
.
The Board also calls attention to the great heed of a light-house on
the outer shoal off Cape Hatteras, which it styles one of the most
dreaded dangers on the American coast. It gives a copy of each of
the papers before it in. reference to this subject in an appendix to its
Annual Report. This matter is commended to the early attention of
the Congress.
It also recommends additional legislation relative to the lighting of
bridges over navigable streams. It points to thefact that while the
LlGHTrHOUSE—COAST
SURVEY.
LIU
Board is required to issue regulations for lighting such bridges, that no
penalty is prescribed in case of non-compliance with its regulations.'
It instances the case of the bridge between Brooklyn and E'ew York
City, in which the Department of Justice decided that it was not i)racticable to bring an action against the trustees of the bridge for failure to
comply with the regulations, on the ground that the law prescribed no
penalty for non-compliance with its provisions. It would seem that
the Board should be relieved from the responsibility of regulating the
lighting of such bridges, or that such change should be made in the
law as would provide for its enforcement.
In this connection attention is called to the necessity for taking spme
legislative action to regulate private electric lights, on piers and other
structures at the waters' edge, which dazzle the eyes of pilots, and endanger shipping in those waters.
The Board continues to call attention to the necessity for the prohibition of private lights and i^rivate buoys in TJnited States waters, and
for some provision by which it shall be enabled to establish temporarily,
and pending the action of the Congress, such inexpensive lights as unforseen emergencies shall make* necessary. The Board is now held
responsible by public opinion for the proper care of lights over which
it has no control, and complaint has been made of the failure of private
lights, which mariners naturally suppose are maintained by the Government.
The Board suffers from a lack of adequate facilities for inspecting,
maintaining, and repairing the 968 lights on our coasts. The small
steam-tenders provided for these purposes are becoming worn out from
long and hard usage, and are not being replaced as rapidly as they are ^
needed. Two such tenders have become utterly useless and are beyond/economical repair. It is recommended, therefore, that the Board^s request that appropriations be made to replace the ^^Putnam'' and the '
^^ Warrington" receive prompt and favorable consideration.
COAST AND GEODETIC SURVEY\
During the past fiscal year, every branch of the work made active
progress to the fnll extent of the means afforded by the appropriations.
Surveys involving triangulation and topography, astronomical and
magnetic determinations and observations for the value of gravity, were
carried on within the limits or upon the coasts of twenty-one States, three
Territories, and in the District of Columbia. Hydrographic surveys,
including observations of tides and currents, off-shore and inshore
soundings, observations of ice movement, and researches in i^hysical
LIV
REPORT OF THE SECRETARY OF THE TREASURY.
hydrography relating to harbors and bars, were, prosecuted in the
waters or off the coasts of fifteen States and two Territories.
The necessity for connecting the extended series of triangulations of
the Survey w;ith other works of similar character, carried on by independent organizations and methods, was not lost sight of. IJpon the
northeastern coast of Maine the connection of the Island of Grand
Manaii with the primary triangulation, and the advance towards completion ofthe triangulation. ofthe St. Croix River, will ultimately join
the^ Coast and Geodetic Survey with the surveys of the Dominion of
Canada. In Wisconsin, the Geodetic operations in progress have effected another junction with the work of the IJ. S. Lake Survey, one
having been previously made by the triangulation crossing the State of
J^ew York. In Indiana and Illinois, the transcontinental triangulation
advancing eastward near the thirty-ninth parallel has been connected
with the second and third principal meridians of the General Land
Office. The accurate determinittions of geographical positions made
in the i)rogress ofthe work, according to the most approved methods of
modern geodesy, whether on the coast or in the interior, continue to be
freely communicated to the Geological*Survey, and serve to check the.
approximate positions obtained in the course of its preliminary triangulations.
Among the more important field operations of the year may be mentioned the combined observations of precise leveling and direction
and velocity of currents for ascertaining the successive tidal levels in
ISFew York Harbor, and the relation of the under-run of the Hudson
River to 'New York Bar ; the continuation of the study of ice formation
and movement in Delaware River and Bay; the prosecution of the explorations of the Gulf Stream ; the advance towards completion of the
triangulation needed to extend the oblique arc of the meridian from
'Calais, Me., to Mobile, Ala., and to unite the triangulations ofthe Atlantic and Gulf Coasts ; the extension of the line of transcontinental
leveling from the Mississippi River to Little Rock, Ark.; shore-line resurveys of important harbors on the Pacific Coast; determinations of
gravity at San Francisco, Mount Hamilton, CaL, and Washington D.
C , in conn ection with similar determinations made on the the Hawaiian
Islands, and progress made in the surveys of harbors and channels in
Southeastern Alaska.
The special triangulation asked for by the Commissioners of the
Topographical Survey of the State of Massachusetts was continued;
geodetic operations, in cooperation with State geological or toiDOgraphical surveys, were carried on in the States of Pennsylvania, New Jersey,
• COAST SURVEY.
•
LT'
Tennessee, Indiana, Wisconsin, Arkansas, and Minnesota, additional
determinations of geographical positions were made by the longitude
parties on the Pacific slope.
By direction of the Secretary of theTreasury, and on the request
of the Attorney-General of the United States, for the use of the Government in the Potomac-Flats litigation, and for the sake of xDreservin^
the record of the early maps, already seriously injiired by time, the
Survey prepared and published an edition, in fac simile, ofthe original
^^L'Enfant P l a n ' ' of the City of Washington (1791), and a reproduction of the ^^L'Enfant Plan," with the obliterated lines and faded
colors restored; an edition of the ^^Dermott M a p " of Washington
(1798), and an edition of.the '^King P l a t s " of AVashington (1803).
By direction of the Secretary of the Treasury, and on the request of
the Secretary of State, a special examination and survey Avas made of
the boundarj^-line between the TJnited States and Canada, in the vicinity of Burnt Island, Lake Huron.
In cooperation with the District Commissioners unusually rapid
progress was made in the detailed topographical survey of the District;
ofColumbia.
By direction of the Secretary of the Treasury, and on the request
and at the expense of the Hawaiian Government, observations for the
determination of latitude and gravity were made on the Hawaiian
Islands by an officer of the Survey who was granted leave without
pay for that purpose.
Measurements were made upon British admiralty charts of t h e
waters involved in the recent fisheries negotiation with the Government of Great Britain, and memoranda and a large display-map relating to the same were supplied for reference during the discussion of
the Fisheries Treaty by the Senate.
In the office special attention was given to the prompt publicationi
of results of immediate value to the interests of commerce and navigation. Discoveries and developments made in the progress of t h e
hydrographic operations were published in the form of Notices to Mari-^
ners. Fifteen of these notices were issued during the year, and 35,500
copies w^ere printed for distribution. Corrections made to charts arepublished in monthly editions of these notices; also lists of new charts.>
and new editions.
Tide Tables, predicting for 1889 the times and heights of high and
low water at all ofthe i)rincipal ports on the Atlantic and Pacific coasts*
were published; also a new Catalogue of Charts and a new volume of
the Atlantic Local Coast Pilot, covering the coast from Tybee Roads to>
LVI
REPORT OF THE SECRETARY OF THE TREASURY.
Jupiter Inlet. A fourth edition of the Pacific Coast Pilot was pre-,
pared for the press.
There were published 35 new charts, 12 of whichwere from engraved
plates and 23 from photolithographs. Ten new editions of charts were
published from engraved plates, and 15 new editions (including feprints)
from i^hotolithographs. Thirteen index maps to the charts of the Survey were engrave^ on stone; an edition of these maps forms part of
the new Chart Catalogue.
The whole number of charts printed during the year was 42,312, an
increase of nearly 5,000 over that of the year preceding. Of this number 30,784 were from engraved plates and 11,528 from photolithographs.
Distribution was made of 41,327 copies of charts, 8,235 of which were
for the use ofthe Executive Departments, 2,483 for Congress, and 25,278
. for sale agents.
Of the annual reports for various years 1,152 copies were distributed.
TJnder the designation of Bulletins, the publication was begun of a
series of papers, intended to appear from time to time, as material for
them accumlates, and to give early announcement of work accpmplished
or information of importance obtained. Two of these Bulletins have
been published, and three more are ready for the printer.
A desire for the utmost efficiency in the work ofthe Survey, and for
its economical administpation, has led during the past few years to a
careful preparation of itemized estimates upon a basis adjusted to meet
the demands fpr its extension and development which come from various
localities throughout the country. These estimates, when approved by
the Department, should, it is urgedj receive also the sanction of Congress.
ENGRAVING AND PRINTING.
The work turned out by the Bureau of Engraving and Printing
during the last fiscal year exceeded the production of any previous
year in its history. There were printed and delivered to the various
offices h j which they are used, 38,040,984 sheets of securities, an increase of 5,388,777 over the production of 1887, and exceeding the output of any former year by 4,710,238 sheets. A comparison of the results for the three years ending Juhe 30', 1888, with those for the three
preceding fiscal years, shows an increase in production of 5,594,336
sheets of securities, and a decrease in expense of $540,802.18. Of the
appropriations made for the support of the Bureau for the last four
years, balances amounting to° $270,840.84 have been returned to the
Treasury unused.
ENGRAVING AND P R I N T I N G — P U B L I C
BUILDINGS.
LVIl'
There were printed during the last year 8,147,000 sheets of silver
certificates of the series of 1886. Of this amount $14,308,000 consisted
of one:dollar certificates, and $10,552,000 of two-dollar certificates. To
October 31, 1888, there had been delivered to the Treasurer of the
TJnited States $30,652,000 in one-dollar certificates, and $20,304,000 in
two-dollar certificates.
The great increase in the work of the Bureau during the last two
years has made it necessary to increase the number of plate printingpresses operated by steam-power. The new presses have been used to
print the green backs of the silver certificates and TJnited States notes
and certain varieties of internal-revenue stamps. Their use has resulted in a great economy of expense and room, and the quality of the
securities printed by them has been satisfactory to the officers of the
Department, by whom theyare used, and no complaint has been heard
from the general public.
By the executive order of June 29, 1888, iall of the places inthe Bureau of Engraving and Printing, except the watchmen and the lowest
grade of laborers, were brought within the classified civil service, to be,
filled only by selection from candidates standing highest in the civil
service examinations, and certified for employment by the Civil Service
Commission. This change in the method of selection for employment
caused at once an almost complete cessation of the importunity for
place, and it is not doubted that it will result in an improvement in
the qualifications of the persons entering this important branch 'of the
public service.
PUBLIC BUILDINGS.
During the year work was commenced on nineteen new buildings,
and uiDon three buildings where extensive repairs were specially appropriated for. Of the new buildings commenced, seven were provided for by legislation of the session of the Congress just closed, and, but
for the fact that many of the appropriations have only lately become
available, a greater number of buildings would have been under way.
In addition to legislation extending the limits of cost of buildings
already under construction, rendering necessary the preparation of new
drawings, &c., Congress directed the erection and extensive repairs of
forty-one buildings.
^ •
An agent of this Department is now visiting the various points to
select the most suitable sites, thus providing for the commencement of
operations in the Spring.
'
"^ork has been so actively prosecuted, and such satisfactory terms'
secured, that of the seventy-five buildings under construction during
LVIU
REPORT OF THE SECRETARY OF THE TREASURY. ^
the past year, nineteen have been completed, with every indication
thatj before the close of the calendar year, this number will be in-'
creased to twenty-three, and, under the terms of existing contracts,
fourteen more will be completed before the close of the current fiscal
year, making in all thirty-seven buildiDgs that will be comiDleted before June 30, 1889.
In addition to the work of construction, and special repairs, this
Department has under its control neai% two hundred and fifty buildings completed and occupied, to be cared for from the annual appropriation for ^^Repairs and Preservation," '^Vaults, Safes, and Locks," and
/^Repairs to Heating Apparatus," involving a total expenditure of
$3,914,248.25, which is fully accounted for in the report of the Supervising Architect of this Department, as follows:
^
The total expenditures during the year for sites, construction of new
buildings and repairs speciaUy appropriated for
| 3 , 414, 057. 63
Repairs and preservation of completed buildings
206,190.16
Heating apparatus, buildiugs under construction
140, 861. 74
Heating apparatus, repairs in completed buildings
103, 077. 42
Vaults, safes and locks, completed buildings
47, 937. 43
Plans, &c
2,123.87
In nearly all cases, where the appropriation has permitted such action,
the Department has included the entire work of the erection and completion, of the building under one contract, and has by this method
simplified the records and accounts, secured a more rapid prosecution
of the work, and removed the plea so often made that the work of one
contractor was delayed by the slow progress made by another.
The most active competition in bidding has been secured by a greater
publicity given to the advertisements, and in enlisting the co-operation
of the building exchanges throughout the country. The work on all the
buildings now under construction has been adapted to the limits of cost
placed by Congress, and unless some incident, now unforseen, axises, no
request will be made for deficiency appropriations for the prosecution
of work.
*
HALL OF RECORDS.
I again call attention to the necessity for the construction of a fireproof building suitable for the storage of the files and records of the
several Departments.'
Year by year valuable papers and records are crowded into unsafe
and almost inaccessible places, and serious damage and loss must ulti, mately follow.
I earnestly urge the matter upon the attention of the Congress.
DISTRICT OF C O L U M B I A — R E P O R T S .
LIX
DISTRICT OF COLUMBIA.
The net expenditures on account of the District of Columbia for the
'fiscal year 1888 were $4,278,113.48. The revenues deposited in the
Treasury on this account for the same period were $2,650,350.31.
During the fiscal year 1888 there has been issued in payment for
judgments of the Court of Claims $53,400 of the 3.65 per cent, bonds.
There has been retired through the operations of the sinking-fund,
$353,000 of the bonded indebtedness of the District, making a net reduction of $299,600, and reducing the amount annually required for
interest $18,753.50. The issue of the 3.65 per cent, bonds is limited
by law to $15,000,000.* The total issue, to the close of the fiscal year
1888, was $14,636,750.
Since the duties ofthe commissioners ofthe sinking fund ofthe District of Columbia were devolved on the Treasurer of the TJnited States
by the act of Congress of June 11, 1878 (20 Stat., 106), the bonded debt
of the District has been increased $893,500, by the issue of 3.65 per
cent, bonds in exchange for certificates of the board of audit and in
payment for judgments ofthe Court of Claims. Also, by the issue of
$1,092,300 Twenty-year 5 per cent, funding bonds to replace maturing
indebtedness. There has been retired during the same period $3,511,000
ofthe bonded debt, making a net reduction of $1,525,200, reducing the
annual interest charge $109,516.72.
\
,
The amount realized fix)m the sale of bonds in which the 10 per cent,
retained from contractors with the District of Columbia was invested,
as required by the act of June 11, 1878, exceeds the.sum necessary to
pay the amounts originally withheld. The net surplus at the close of
the fiscal year 1888 was $25,966.42, and has been deposited in the Treasury as a miscellaneous receipt to the credit of the TJnited States and
District of Columbia in equal parts, as required by the act of February
25,1885.
Detailed information in regard to the affairs of the District of Columbia will be found in the reports to be submitted by the District commissioners, and by the Treasurer ofthe TJnited States as ex-officio commissioner of the sinking-fund of the District.
REPORTS OF HEADS OF OFFICES, &C.
The several reports of the heads of offices and bureaus are herewith
transmitted. An inspection of these reports will show that the business, of the Government has been kept well in hand, that the arrears
which the present officers found have been cleared away in most of
their bureaus, and that important reforms have been made in the
interest of economy and efficiency. These officers are entitled to re
LX
' REPORT OF THE SECRETARY OF THE TREASURY.
spect and honorable mention for the zeal and faithfulness with which
they have served the public. I wish also to express my high appreciation of the ability and fidelity shown by the great bulk of the officers,
clerks, and employes of the Department, both those who have been long
in the service and those who have been appointed under this administration. With few exceptions, all have worked harmoniously together
to promote the public weal.
CHARLES S. FAIRCHILD,
Secretary of the Treasury,
The Honorable
T H E SPEAKER OF T H E H O U S E OF REPESENTATIVES.
TABLES.ACCOMPANYING THE REPORT ON THE FINANCES.
LXI
T A B L E A.—STATEMENT OF T H E OUTSTANDING P R I N C I P A L OF T H E P U B L I C D E B T O F T H E U N I T E D STATES, J U N K 30,
Length of
loan.
1888.
When redeemable.
Rate of in- atPrice
author
Amount outwhich Amovint
Amount issued,
terest.
ized.
standing.
sold.
On demand .
5 and 6 per
cent.
OLD DEBT.
For detailed information in regard to the earlier loans embraced under
this head, see Finance Report for 1876.
Indefinite.
$151, 920.26
TREASUKY NOTES PRIOR TO 1846.
• Acta of Octoher 12, 1837 (5 Statutes, 201); May 21, 1838 (5 Statutes,
228); March 2,1839 (5 Bta.t;utes, 323) ; March 31, 1840 (5 Statutes, 370);
February 15,1841 (5 Statutes, 411); January 31,1842 (5 Statutes, 469);
August 31,1842 (5 Statutes, 581); and March 3,1843 (5 Statutes, 614).
1 and 2 years 1 and 2 years
from date.
^^o of 1 to 6
per cent.
Par.
$51,000,000.00
$47, 002, 900. 00
(t)
1 year
1 year from
date.
1^ of 1 to 5 |
per cent.
Par.
10, 000, 000.00
7, 687, 800.00
(t)
5 years from
date.
5 per cent.., P a r .
320, 000. CO
303, 573. 92
(t)
23,000,000.00
*26,122, 100.00
(t)
Indefinite.
52, 778, 900.00
(t)
Indcfinite.
233, 075.00
TREASURY NOTES OF 1846.
Actof July 22, 1846 (9 Statutes, 39)
MEXICAN I N D E M N I T Y .
Actof August 10,1840 (9 Statutes, 94)
».
, 5years
TREASURY NOTES OF 1847.
A c t o f Jan uary 28,1847 (9 Statutes, 118)
,
TREASURY NOTES*OF 1857.
A c t o f December 23,1857 (11 Statutes, 257)
1 and 2 j^ears 1 and 2 years
from date.
5 | and 6 per
cent.
Par.
1 year from
date.
3 to 6 per
cent.
Par-
1 year
BOUNTY-LAND SCRIP.
Actof Febraary 11,1847 (9 Statutes, 125)
LOAN OF 1847.
Act of January 28,1847 (9'Statutes, 118)
TEXAN I>iDEMNITY STOCK.
A ct of September 9,1850 (9 Statutes, 447)
LOAN OF 1858.
Actof June 14, 1858 (11 Statutes, 365)
•
* Including reissues.
1
Indefinite .. A t tho pleas- 6 per cent-..
ure of the
Government.
20 years
14 years
15 years
J anuary 1,1868
January 1,1865
January 1,1874
tIncluded in "old debt."
6 p e r c e n t . . . li to 2
percent,
prem'm.
5 p e r c e n t . . . Viir
O
o
•d
23, 000, 000. 00 t28, 230, 350. 00
10,000,000.00
5, 000, 000. 00
5 p e r c e n t . . . A rerage 20,000,000.00
20, 000, 000.00
prem'm
of 'dio'ot Including conversion of Treasury notes-
(t)
C3
1-3'
1, 250.00
20, 000.00
2, 000. 00
tr"
TABLE A.—STATEMENT OF T H E OUTSTANDING P R I N C I P A L OF T H E P U B L I C D E B T , ETC.—Continued,
Length of
loan.
.
When redeemable.
Rate of interest.
Price
authorAmount outat which Amount
Amount issued.
standing.
ized.
sold.
Jan. 1,1871.
5 per cent..
Par
LOAN OF 1860.
A c t o f J u n e 22, 1860 (12 Statutes, 79)
'.
=
10 years
LOAN OF FEBRUARY, 1861 (1881s).
Act of February 8, 1861 (12 Statutes, 129)
t o $21, COO, 000. 00 $7, 022, 000. 00
$10, 000. 00
10 or 20 years Dec. 31,1880.
6 per cent... (Av.)89.03
25, 000, 000. 00
18,415,000. 00
6, 000. 00
35, 364, 450. 00
2, 500. 00
-
OREGON W A R DEBT.
Actof March 2, 1861 (12 Statutes, 198)
60 days or 2 60 days or 2 6 per cent... P a r t o Indefinite
yeai-s after
years.
liVffPer
date..
ct. pr'm.
20 years .
July 1,1881.-.- 6 per cent._.. P a r -
20 years .
After J u n e 30,
1881.
—
2, 800, 000. 00
CO
o
1, 090, 850. 00
3,700.00
LOAN OF J U L Y AND AUGUST, 1861.
The act of July 17, 1861 (12 Statutes, 259), authorized tho issue of
$250,000,000 bonds, with interest at not exceeding 7 per centum per
annum, redeiemable after twenty years. Tho act of August 5, 1861
(12 Statutes, 3IC), 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 df July 17,1861.
6per cent..,
250, 000, 000. 00 189,321, 350.00
91,100. 00
*60,030, 000. 00
56, 807. 50
LOAN OF J U L Y AND AUGUST, 1861.
Continued at 3^ per cent, interest, and redeemable at the pleasure of
the Government.
OLD DEMAND NOTES.
Acts of July 17, 1861 (12 Statutes, 259); August 5, 1861 (12 Statutes,
313); February 12, 1862 (12 Statutes, 338).
O
w.
TREASURY NOTES OF 1861.
Actof March 2, 1881 (12 Statutes, 178)
o
WH
ct. pr'm.
Indefinite... At the pleas- 3^ per cent.
ure of the
Government.
Par.
Indefinite... On demand . . . None
Par
60, 000, 000.00
^'
SEYEN-THntTIES OF 1861.
A c t o f July 17,1861(12 Statutes, 259)
„. = „.. = .„
FIVE-TWENTIES OF 1862.
W Acts of February 25,1862 (12 Statutes, 345), March 3,1864 (13 Statutes,
°
13), and January 28, 1865 (13 Statutes, 425).
M
139,999,750.00
10,800.00
5 or 20 years. M a y l , 1867... 6 per c e n t . . . Av.pre.of 515, 000, 000. 00 514,771,600.60
254, 750. 00
3years.-.- = . Aug:. 19 and 7j% per cent. Av.pre.of Indefinite.
Oct. 1, 1864.
LEGAL-TENDER NOTES.
t o The act of February 25, 1862 (12 Statutes 345), authorized the issue of
$150,000,000 United States nbtes, not bearing interest, payable to
bearer at the Treasury of the United States, and of such denominations, not less than five dollars, aa the Secretary of the Treasury
might deem expedient, $50,000,000 to be applied to the redemption
of aemand notes authorized by the act of July 17, 1861; these notes
to be a legal tender in paymenfes^f all debts, public and private,
within the United States, except auties on imports and interest on
the public debt, and to be exchangeable for six per cent. United
States bonds. The act of July 11,1862 (12 Statutes, 532), authorized
an additional issue of $150,000,000 of such denominations as the Secretary of the Treasury might deem expedient, but no such note
should be for a fractional part of a dollar, and not more 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 issue of $150,000,000 of
Buch denominations, not less than one dollar, as tbe Secretary of the
Treasury might prescribe; which notes were made a legal tender
as before authorized. The same act limited the time in which the
Treasury notes might be exchanged for United States bonds to July
1, 1863. The amount of notes authorized by this act were to be in
lieu of $100,000,000 authorized by the resolution of January 17, 1863
(12 Statutes, 822).
Indefinite... On demand.
None -
Par.
346,681, 016. 00
450, 000,000.00
o
>
o
o
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, and €
notice.
per cent.
Par.
150,000, 000.00
716, 099, 247.16
2, 960. 00
1 year.
1 year after 6 per centdate.
Par.
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 Statutes, 710).
FRACTIONAL CURRENCY.
Acts of J u l y 17,1862 (12 Statutes, 592), March 3, X863 (12 Statutes,
711), and June 30, 1864 (13 Statutes, 220).
Indefinite... On presentation.
* Including reissues,
None ,
Par.
50,000,000.00 *368,720,079.51
% 9^2, 643,82
X
TABLE A.—STATEMENT OF THE OUTSTANDING PRI^CIJ^AL of TH4: ?ui3Lic t)EBt, Etd.—Continued.
L e n g t h of
loan.
W h e n redeemable.
R a t e of interest.
Price
a t w h i c h IA m o u n t author A m o u n t i s s u e d
ized.
sold.
<
A m o u n t outstanding.
L O A N O F 1863.
T h e acL of M a r c h 3, 1863 (12 S t a t u t e s , 709), a u t h o r i z e d a loan of 17 y e a r s . . . . J u l y 1,1881 . . 6 p e r c e n t . . , A v e r a g e
premi$900,000,000, a n d t h e i s s u e of b o n d s , w i t h i n t e r e s t n o t e x c e e d i n g 6
u m of
p e r c e n t u m p e r a n n u m , a n d r e d e e m a b l e i n n o t less t h a n t e n n o r
m o r e t h a n f o r t y y e a r s , p r i n c i p a l a n d i n t e r e s t p a y a b l e i n coin. T h e
a c t o f J u n e 30,1864 (13 S t a t u t e s , 219), r e p e a l s t h e a b o v e a u t h o r i t y ,
e x c e p t a s t o t h e $75,000,000 of b o n d s a l r e a d y a d v e r t i s e d for.
B o n d s of t h i s l o a n c o n t i n u e d a t 3^ p e r c e n t , i n t e r e s t , a n d r e d e e m a b l e I n d e f i n i t e . . A t t h e pleasure] i>^ p e r c e n t . . P a r .
of t h e Gova t t h e p l e a s u r e of t h e G o v e r n m e n t .
ernment.
O N E - Y E A R N O T E S O F 1863.
$75,000,000.00
$16,400. 00
H
4,150. 00
5 per cent... P a r .
400, 000, 000. 00
44, 520, 000.00
35,085.00 ~
2 years
2 years
date.
after
5 per cent... P a r .
400,000,000.00
166, 480, 000.00
28, 750. 00
Indefinite...
On d e m a n d . .
T W O - Y E A R N O T E S O F 1863.
A c t o f M a r c h 3,1863 (12 S t a t u t e s , 710)
H^
w •
after
..
h3
O
O
1 year
date.
1 year
A c t o f M a r c h 3,1863 (12 S t a t u t e s , 710)
$75, 000, 000.00
w
o
GOLD C E R T I F I C A T E S .
A c t of M a r c h 3,1863 (12 S t a t u t e s , 711)
=
...^
None
Par.
Indefinite.
142,023,150.00
Q
COMPOUND-INTEREST NOTES.
6 p e r cent,
compound.
Par.
400, 000, 000. 00 266, 595, 440.00
A c t s of M a r c h 3,1863 (12 S t a t u t e s , 710), a n d J u n e 30,1864 (13 S t a t u t e s ,
218).
T E N - F O R T I E S O F 1864.
3 years
3 years
A c t of M a r c h 3,1864 (13 S t a t u t e s , 13)
10 or 40 y e a r s
M a r c h 1, 1874. 5 p e r c e n t . . . P a r t o 7
p e r ct.
prem.
200, 000, 000.00
196,118,3:0.00
63, 600. 00
5 o r 20 y e a r s . N o v . 1 , 1 8 6 9 . . . 6 p e r c e n t . . . A v . p r e m .
of2xVo&-
400, 000, 000.00
125, 561, 300. 00
44,100. 00
A u g . 15,1867 )
J u n e 15,1868 V 7x%per c t . 5 A v . p r e m . J800, 000, 000.00
' of yf Iff.
J u l y 15, 1868 )
'829, 992, 500.00
128, 300. 00
»
date.
from
;>
F I V E - T W E N T I E S O F J U N E , 1804.
A c t o f J u n e 30,1864 (13 S t a t u t e s , 218)
S E V E N - T H I R T I E S O F 1864 A N D 1865.
A c t s of J u n e 30,1864 (13 S t a t u t e s , 218), J a n u a r y 28,1865 (13 S t a t u t e s ,
425), a n d M a r c h 3,1865 (13 S t a t u t e s , 468).
3 years.
-1
NAVY PENSION FUND.
T h e a c t of J u l y 1,1864 (13 S t a t u t e s , 414), a u t h o r i z e d t h e S e c r e t a r y of
Indeflnite...
Indefinite.
3 per c e n t . . . 1 P a r . = „.. I Indefinite
| 14, 000, 000.00
14,000,000.00
CO
Cj
the Navy to invest in registered securities of the United States so
much of the Navy pension fund in the Treasury January l a n d July
1 in each year as would not be required for the payment of naval
pensitms. Section 2 ofthe act of July 23,1868 (15 Statutes, 170), fixed
the interest on this fund at 3 per centum per annum m lawful money,
and confined its use to the payment of naval pensions exclusively.
FIVE-TWENTIES OF 1865.
203, 327,250.00
27, 350. 00
Av.prem. Indefinite.
of3A%\,
332, 998,950. 00
153, 250. 00
Acts of March 3, 1865 (13 Statutes, 468), and April 12, 1866 (14 Stat- 5 or 20 years. July 1,1872... 6 per cent... Av. prem. Indefinite.
utes, 31).
of liBoff
379, 618,000.00
281, 200. 00
42,539,350.00
72,150. 00
Acts cf March 3, 1865 (13 Statutes, 468), and April 12, 1866 (14 Stat- 5 or 20 years. Nov. 1,1870 .
utes, 31).
6 per cent... Av prem. Indefinite....
CONSOLS OF 1865.
Acts of March 3, 1865 (13 Statutes, 468), and April 12, 1866 (14 Stat- 5 or 20 years. J u l y l , 1870 .
utes, 31).
6 per cent.
a
CONSOLS OF 1867o
o
CONSOLS OF I8680
Acts of March 3, 1865 (13- Statutes, 468), and April 12, 1866 (14 Stat- 5 or 20 years. J u l y l , 1873... 6 per cent.
utes, 31).
A V. prem. Indefinite.
of lUxf
ffi
THREE-PER-CENT. CERTIFICATES.
Acts of March 2, 1867 (14 Statutes, 558), and July 25, 1868 (15 Stat- Indefinite...
utes, 183).
F I V E - P E R C E N T . LOAN OF 1881.
On demand .
3 per cent.
Par .
75,000,000. 00 *85,155 000.00
5,000.00
a
HH
•Q
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 thao 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 of ten, twentyfive, and fifty cents of standard value.
The act of March 3, 1875 (1^ Statutes, 466), directs the Secretary of
the Treasury to issue bonds of the character and description set out
in the acfrof 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 War for tbe construction of jetties and auxiliary works to
maintain a wide and deep channel between the South Pass of the
Mississippi River and the Gulf of Mexico, unless Congress shall
iiave previously provided for the payment of" the same by the necessary appropriation of money
X
* Including reissues*.
<
T A B L E A—STATEMENT O F T H E OUTSTANDING P R I N C I P A L OF T H E P U B L I C D E B T , ETC.—Continued.
Length of
. loan.
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of V10 years
$200,000,000 at 5 per centum, principal and interest payable in coin
of the present standard value, at the pleasure of the United States
Government, after ten years; these bonds to be exempt frora the
payment of all taxes or'duties ofthe 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 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 5-20's, or to
be exchanged for said 5-20's, 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 January 20,1871 (16 Statutes, 399), increases the amount of 5 per cents
to $500,000,000, provided the total amoimt of bonds issued shall not
exceed the amount originally authorized, and authorizes the interest
on any of these bonds to be paid quarterly.
The act of December 17,1873 (18 Statutes, 1), authorized the issue of an
equal amount of bonds ofthe loan of 1858, which the holders thereof
may, on or before February 1,1874, elect to exchange for the bonds
of this loan.
FOUR-AND-ONE-HALF-PER-CENT. LOAN OF 1891, (REFUNDING.)
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of 15 y e a r s . . .
$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 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 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 5-20's, or to be exchanged
for said 5-20's, 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.
»
FOUR-PERCENT. LOAN OF 1907.
May 1,1881 . .
5 percent...
Par
$517,994,150.00
$52, 050. 00
O
w
H
O.
w
ZP'
o
H
^ $1(500,000,000.00
Kj
O
Sept. 1,1891... 4J per cent.
Par.
185, 000, 000. 00 157, 207, 050. 00
w
H
c!
(REFUNDING.)
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of 30 years
^ JOOO, 000,000 at 4 per centum, payable in coin ofthe present standard
Price
When redeem- Rate of inauthorAmount outat which Amount
Amount issued, standing.
able.
terest.
ized.
sold.
July 1,1907 ..
4 per cent.
P a r to
one-half I
708, 980, 800.00683, 677, 400. 00
value, at the pleasure of the United States Government, after thirty
years; these bonds to be exempt from the payment 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 authorize an increase of the bonded debt of the United States. Bonds
to be sold at noteless than par in coin, and the proceeds to be applied
. to the redemption of outstanding 5-20's, or to be exchanged for said
5-20's, par for par. Payment of these bonds, when due, to be ma:de
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. See Refunding Certificates, page x.
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 par, in coin, either of the description of bonds of tlie
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 ofi3ce 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.
per cent
premium.
15 years.
FOUR-PER-CENT. LOAN OF 1907. (RESUMPTION.)
The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary 30 years.
of the Treasury ito use any surplus 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 i4, 1870 (16 Statutes,
272), for the purpose of redeeming, on and after January 1^1879, in
coin, at the ofiice of the assistant treasurer of theUnited States in
New York, the outstanding United States legal-tender notes when
presented in sums of not less than fifty dollars.
CERTIFICATES OF DEPOSIT.
The act of June 8, 1872 (17 Statutes, 336), authorizes the deposit of Indefinite.
United States notes without interest by banking associations in sums
not less than $10,000, and the issue of certificates therefor iu denominations of not less than $5,000; which certificates shall be payable
. on demand in United States notes at the place where the deposits
V
•N ere made. I t provides that the notes so deposited in the Treasury
shall not be counted as a part of the legal reserve, but that the certifioates issued therefor may be held and coiinted by the national
banks as part of their legal reserve, and may be accepted in the
settlement of clearing-house balances, at the place where the deposits
therefor were made, and that the United States notes for which
such certificates were 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.
Sept. 1,1891..
4J per cent.
P a r t o Indefinite.
one and
one-half
percent,
premium.
65, 000,000. 00 65, 000, 000. 00
§
o
>
o
hrj
July 1, 1C07.
4 per cent... P a r .
Indefinite
30, 500, 000. 00 30, 500, 000. 00
On demand
None.
No limit .
64, 780, 000. 00 14, 665,000. 00
trj
H
•X
T A B L E A.—STATEMENT O F T H E OUTSTANDING P R I N C I P A L O F T H E P U B L I C D E B T , ETC.—Continued.
X
Length of
loan.
Price
When redeem- Rates of inat which
able.
terest.
sold.
Amount authorized.
Amount issued
Amount outstanding.
SILVER CERTIFICATES.
The act of February 28,1878 (20 Statutes, 26, sec. 3), provides that any Indefiniteholder 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 the 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.
R E F U N D I N G CERTIFICATES.
-
On demand .
None .
No limit.
$229, 491, 772. 00
H
b
.^
w
^
The act of February 26, 1879i (20 Statutes, 321), authorizes the Secretary 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 in 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.
CQ
Indefinite... Convertable in- 4 per cent... Par.
to 4 per cent,
bonds.
No limit.
$40, 012, 750.00
138,050. 00
H
o
Indefinite.
At pleasure of
the Goverument.
3 | per cent.
Par.
H
42,000. 00
w
H
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 mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of
the Government.
W
o
W
FUNDED LOAN OF 1881, CONTINUED AT THREE AND ONEH A L F P E R 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.
"^
o
.^
Indefinite... At pleasure of
the Government.
3 per cent... P a r .
722,900.00
1, 692, 858, 984. 58
* Exclusive of $64,623,512 bonds issued to Pacific railroads.
LXXI
PRINCIPAL OF T H E PUBLIC DEBT.
T A B L E B . — S T A T E M E N T OP OUTSTANDING P R I N C I P A L OF T H E P U B L I C D E B T O P T H E
U N I T E D S T A T E S O N T H E 1 S T O P J A N U A R Y O P E A C H Y E A R P R O M 1791 T O 1843, I N -
C L U S I V E , AND ON T H E 1 S T O F J U L Y OF EACH YEAR FROM 1843 TO iSdS, INCLUSIVE.
Amount.
Year.
Jan. 1, 1791
1792'
1793
1794
1795
1796
,1797
1798
1799
1800
1801
1802
1
1803
1804
1805
1806
1807
1808
1809
1810
1811
181-2
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
'
Year.
$75, 463, 476. 52 Jan. 1 1841
1842
77, 227, 924. 66 j
• 80,352,634.04
]843
78, 427, 404. 77 Julvl 1843
1844
80, 747, 587. 39
1845
83, 762,172. 07
1846
82, 064, 479. 331847
79,228,529.12
1848
78,408,669.77
1849
82,976,294.35
^ 1850
83, 038, 050. SO
1851
80.712,632.25
18.52
:
77, 054, 6r6. 30
1853
88, 427,120. 88
1854
82,312,150.50
1855
75, 723, 270. 66
1856
69, 218, 398. 64
1857
65,196, 317. 97
57, 023,192. 09
1858
1859
53,173, 217. 52
1860
48, 00.5, 587. 76
45, 209, 737. 90
1861
55, 962, 827. 57
1862
1863
81, 487, 846. 24
99, 833, 660.15
]864
1865
127, 334, 933. 74
1866
121,491,965.16
1867
103, 466, 633. 83
95, 529, 648. 28
1868
1869
91,015,566.15
89, 987, 427. 66
1870
93, 54.6, 676. 98
1871
1872
90, 875, 877. 28
90, 269, 777. 77
1873
1874
83, 788, 432. 71
1875
81, 054, 059. 99
73, 987, 357. 20
1876
67, 475, 043. 87
1877
58, 421. 413. 67
1878
1879
48, 56.5, 406. 50
1880
39, 123,191.68
24, 322, 235.18
1881
1882...
7.001,698.83
1883.....
4, 760, 082. U8
37, 733. 05
1884
1885
"...
37,513.05
• 18^) •
336, 957. 83 1
1887
3, 308,124. 07
1888
10, 434, 221.14
3, 573, 343. 82
Amount.
..
:
$5, 250, 875. 54
13, .594,480. 75
20, 601, 226.2&
32, 742, 922. 0023, 461, 652. 50^
15, 925, 303. 01
15, 550, 202. 9 7
38, 826, 534. 77'
47, 044, 862.25
63, 061, 858. 69)
63, 452, 773. 55^
68, 304, 796. 02:
66,199, 341. 71
59, 803, 117. 70
42, 242, 222. 42'
3.5, 586, 956. 5S
31, 972, 537.90'
28, 699, 831. 8&
44, 911, 881. 05
58, 496, 837. 88^
64, 842, 287. 88;
90, 580, 873. 72
524, 176,412.15
1,119,772,138.65
.1,815,784,370.57
2, 680,647. 869. 74
2, 773, 236,173. 6 ^
2, 678,126,103. 87
2, 611, 687, 851.192, 588, 452, 213. 94
2, 480, 672, 427, 81
2,353,211,332.32
2, 253, 251, 328.78
*2, 234, 482, 993. 20i
•^2, 251, 690,468. 4 5
*2, 232, 284, 531. 9^
*2,180, 395, 067.15
*2, 205, 301, 392.10*2, 256, 205, 892. 55
*2, 349, 567, 482.04
*2, 120, 415, 370. 65
"2, 069, 013, 569. 58
"1,918,312,994.05
*1, 884.171. 728. 07v
*1, 830; 528, 923. 57
tl, 876,424, 275.14
11,7.56,44.5,205.78
tl, 68S, 229, 591. 65
tl, 705, 992, 320. 58
^In the amount here stated as the outstanding principal of the public.debt are included the certificates of deposit outstanding on the 30th of Jiine, issued under act of J u n e 8, 1872, for which a l i k e
amount in United States notes was on special deposit in the Treasury for their redemption, and
added to the cash balance iu the Treasury. These certificates, as a matter of accounts, are treated as
a part of the public debt, but being otfset by notes held on deposit for their redemption, should properly be deducted from the principal of the public debt in making coraparison with former years.
t Exclusive of gold, silver, and currency certificates held m^the Treasury's cash, and including
$64,623,512 bonds issued to the severaj Pacific railroads.
. T A B L E C . — A N A L Y S I S O F T H E P R I N C I P A L O F I H E P U B L I C f)EB'r O F T H E UNitED STAI'ES PROM J U L Y 1, 1856, TO J U L Y 1, 1888.
Year.
1856
1857
1858
,
1859
1860
1861
1862
:
1863
1864
3865
186.5—August 31
1866
1867
1868
3869.
1870
-, . ...
1871
1872
3873
1874
1875
:.
1876
.1877
1878
1879
1880
1881
1882
1883
. .
1884
...-•....
1885
1886
1887
;
1888
3 per cents.
3§ per cents.
, 4 per cents.
4| per cents.
5 per cents. -
•
$57, 926,116. .57
10.5, 629, 385. 30
77, 547, 696. 07
90,496. 930. 74
018,127.98
121,341,879.62
17, 737, 025. 68
801, 361. 23
$64, 0i)0, 000. 00
66,125, 000. 00
59, 550, 000. 00
45, 885, 000. 00
678, 000. 00
24, 665, 000. 00
678, 000. 00
14, 000, 000. 00
678, 000. 00
14, 000, 000. 00
678, 000. 00
14, 000, 000. 00
678, 000. 00
34, 000, 000. 00
34, 000, 000. 00
$140, 000, 000. 00
14, 000, 000. 00
240, 000, 000. 00
98, 850, 000. 00
14, COO, 000. 00
741, 522, 000. 00 250, 000, ( 00. 00
14, 000, 000. 00
250, 000, 000. 00
• 739,347,800.00
14,000,000.00
250, 000, 090. 00
739,347,800.(0
14, 000, 000. 00 "$460,461, 050." 00
739, 349, 3.50. 00 250, 000, 000. 00
318,204,350.00
737, 942, 200. 00 250, 000, 000. 00
32, 082, 600, 00
238,612, 1.50.00
737, 951, 700. 00 250, 000, 000. 00
208, 190, ,500. 00
737, 960, 450. 00 2.50, 000, 000. 00
158, 046, 600. 00
250, 000, 000. 00
737, 967, 500. 00
33, 716, 500. 00
737, 975, 850. 00 250, 000, 000. 00
14, 000, 000. 00
222, 207, 050. 00
714, 315, 450. 00
$3, 632, 000. 00
3,489, 000. 00
23, 538, 000. 00
37,127, 800. 00
43, 476, 300.00
33, 022, 200. 00
30, 483, 000. 00
30, 483, 000. 00
300, 213, 480. 00
245, 709. 420. 63
269,175, 727. 65'
201, 98-2, 665. 01
198, 533, 435. 01
221, 586,185. 01
221, 588, 300. 00
221, 688, 200. 00
274, 236, 450. 00
414, 5o7, 300. 00
414,567, 3i 0.00
510, 628, 0.50. 00
607, 132,7.50.00
711,685,800.00
703, 266, 6.50. 00
703, 266, 650. 00
508, 440, 350. 00
484, 864, 900. 00
439, 841, 350. 00
6 per cents.
7x'V per cents.'
X
X
Total interestbearing debt.^
$28,130, 761. 77
$33,762,761.77
24, 971, 958. 95
28, 460, 958. 93
21,162, 838.11
44, 700, 838.11
21,162, 938.11
58, 290, 738.11
64, 640, 838.11
21,164, 538.11
90, 380, 873. 95 H
57, 358, 673. 95
36.5, 304, 826. 92
154, 313, 225. 01 $122, 582, 485. 34
O
707,531,634 47
139, 974, 435. 34
431,444,813.83
139; 286, 935. 34 1, 359, 930, 763. 50
842, 882, 652. 09
1, 213, 495,169. 90 671, 610, 397. 02 2, 221 311 918. 29
830,000,000.00
2, 381, 530, 294. 96
1,281,736,439.33
813,460,621.95
2, 332, 331, 207. 60
1,195,546,041.02
1, 543, 452,080. 02 488, 344, 846. 95 2, 248, 067, 387. 66
37,
397,196.
95
2,
202, 088, 727. 69
1, 878, 303, 984. 50
2,162. 060, 522. 39
1, 874, 347, 222. 39
2,
046, 45.5, 722. 39
1, 76.5, 317, 422. 39
1, 934, 696, 750.00
1, 613, 897, 300. 00
1,
814, 794,100. 00
1, 374, 883, 800. 00
3,710,483,950.00
1,281,2.38,650.00
1,
738,
930, 750. 00
1, 213. 624, 700. 00
1, 722, 676, 300. 00
1,100, 865, 550. 00
1,
710,
685, 450. 00 PO
984, 999, 650. 00
8.54,621,850.00
1,711,888,500.00
738, 619, 000. 00
3, 794, 735, 650. 00
283, 681, 3.50. 00
1, 797, 643, 700. 00 O
235, 780, 400. 00
1, 72.3, 993.100. 00
196, 378, 600. 00
1, 639, 567, 750. 00
1,463,810^400.00
1, 338, 229,150. 00 W
1, 226, .563, 850. 00
1,196,350,950.00
H
1,146,014,300.00
1, 021, 692, 350. 00
• 950, 522, 500. 00
o
w.
•
\
o
f>
a>
cl
T A B L E C — A N A L Y S I S O F T H E P R I N C I P A L O F T H E P U B L I C D E B T O F T H E U N I T E D S T A T E S , ETC.—-Continued.
Year.
1856—July 1
1857
1858
1859
1860
1861
1862
1863
1864
1865
1865—August 31 .
1866-July 1
1867
1868
1869.
,
1870
1871
1872
1873
1874
1875...
1876:
1877
1878.
1879
1880
1881
1882
1883
1884..
1885
1886
^
1887..
1888....
D e b t on w h i c h in- D e b t b e a r i n g n o
.terest h a s ceased.
interest.
776.13
872. 92
042. 92
099. 77
449. 77
999. 77
195. 21
048.16
335. 86
77L 20
020. 09
092. 05
615. 01
340. 89
181. 00
641.00
902.26
797. 26
710.26
590.26
820. 26
420.20
860. 26
560.26
630. 26
455. 26
865. 26
805, 26
415. 26
205. 26
995. 26
445. 26
165. 26
055. 26
$158,591, 390. 00
411,767, 456. 00
455, 437, 271. 21
458, 090, 180. 25
461,616, 31L 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, 41L69
465,807, 196.S9
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
584, 308, 868. 31
603, 712, 927. 88
619, 344, 468. 52
629, 795, 077. 37
739,840, 389. 32
O u t s t a n d i n g p r i n - C a s h in t h e T r e a s - T o t a l d e b t , l e s s c a s h A n n u a l i n t e r e s t
charge.
in Treasury.
u r y J u l y 1.
cipal.
$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. 844, 649. 626. 56
2,773, 236', 173. 69
2, 678,126,103. 87
2,611, 687, 851.19
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
2,253, 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
1, 830,528, 923. 57
1, 863,964. 873.14
1, 775,063, 013. 78
1, 657,602, 592. 63
1, 692,858, 984.58
$21, 006,584. 89
18, 701,210. 09
7,011, 689. 31
5, 091,603. 69
4, 877,885. 87
2, 862,212. 92
-18, 863,659. 96
8,421, 401. 22
106, 332,093. 53
5, 832,012.98
88,218, 055.13
137, 200,009. 85
892.18
, 169, 974,
130, 834,437. 96
155, 680,340. 85
149, 502,471. 60
106, 217, 263.65
103, 470,798.43
329,020, 932. 45
147,541, 314 74
142, 243,361.82
119, 469, 726. 70
186, 025,960. 73
256, 823,612.08
249, 080,167. 01
201,088, 622. 88
249, 363,415. 35
243, 289,519.78
345, 389,902. 92
391, 985,928.18
488. 612,429. 23
492, 917,173.34
482, 433,917.21
629, 854,089. 85
$10, 965, 953. 01
9, 998, 621. 76
37, 900,19L72
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, 2n. 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, 819,650,354 23
1, 675,023,474. 25
1, 538,781, 825.15
1, 438,542, 995 39
1, 375,352, 443. 91
1, 282,145, 840. 44
1,175,, 168,675.42
1, 063,, 004, 894. 73
$1,869, 445.70
1, 672, 767. 53
2, 446, 670. 28
8,126, 166. 28
3,443, 687.29
5, 092, 630. 43
22, 048, 509. 59
41, 854, 148. 01
78, 853, 487. 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
113,949, 330. 50
103, 988, 463. 00
98, 049, 804. 00
98, 796, 004 50
96, 855, 690.50
95,304, 269. 00
93,160, 643. 50
94, 654, 472. 50
83, 773, 778. 50
79, 633, 981. 00
75, 018, 695. .50
57, 360, 110.75
51, 436, 709: 50
47, 926, 432. 50
47, 014, 133. 00
45,510, 098. 00
41, 780, 529. 00
38, 991, 935. 25
N O T E 1.—The a n n u a l i n t e r e s t c h a r g e i s c o m p u t e d u p o n t h e a m o u n t of o u t s t a n d i n g p r i n c i p a l a t t h e close of t h e fiscal y e a r , a n d i s e x c l u s i v e of i n t e r e s t c h a r g e o n ... acific
railway bonds.
'
.
N O T E 2.—The figures for J u l y 1, 1879, w e r e m a d e u p a s s u m i n g p e n d i n g f u n d i n g o p e r a t i o n s t o h a v e b e e n c o m p l e t e d .
N O T E 3.—The t e m p o r a r y loan, p e r a c t o f J u l y 11, 1862, i s i n c l u d e d in t h e 4 p e r c e n t s , from 1862, t o 1868, inclut^ive, w i t h t h e e x c e p t i o n of t h e a m o u n t o u t s t a n d i n g for A u g u s t
31, 1865, t h i s b e i n g t h e d a t e a t w h i c h t h e p u b l i c d e b t r e a c h e d i t s h i g h e s t p o i n t . T h i s l o a n bore i n t e r e s t from 4 p e r c e n t . t o 6 p e r cent., a n d w a s r e d e e m a b l e on t e n d a y ' s n o t i c e
a f t e r t h i r t y d a y s ; b u t being c o n s t a n t l y c h a n g i n g , i t h a s b e e n c o n s i d e r e d m o r e e q u i t a b l e t o i n c l u d e t h e w h o l e a m o u n t o u t s t a n d i n g a s b e a r i n g 4 p e r c e n t , i n t e r e s t on a n a v e r a g e
for t h e y e a r .
.
-u fi.
N O T E 4.—In t h e r e c e n t m o n t h l y s t a t e m e n t s o f t h e p u b l i c d e b t t h e i n t e r e s t a c c r u e d h a s b e e n a d d e d t o t h e p r i n c i p a l , m a k i n g t h e n e t d e b t l a r g e r i n t h a t a m o u n t t h a n t h o
a m o u n t h e r e i n s t a t e d for e a c h y e a r .
'
^
Kj
Ul
-0
a
td
X
X-
LXXIV
R E P O R T OF T H E
SECRETARY O F ' T H E
TREASURY.
T A B L E D . — S T A T E M E N T OP T H E I S S U E AND R E D E M P T I O N OP L O A N S AND T R E A S U R Y
N O T E S ( B Y W A R R A N T S ) F O R T H E FISCAL YEAR E N D E D J U N E 30,
1888.
Issues.
O r e g o n w a r d e b t , a c t of M a r c h 2,1861.
L o a n of J u l y a n d A u g u s t , 1861, a c t s
of J u l y 17 a n d A u g u s t 5,1861
Old d e m a n d n o t e s , a c t s J u l y 17 a n d
A u g u s t 5, 1861, a n d F e b r u a r y 12,
, 1862
P i v e - t w e n t i e s of 1862, a c t of F e b r u a r y 25, 1862
Legal-ten d e r n o t e s , a c t s of F e b r a a r y
25 a n d J u l y 11, 1862, J a n u a r y 7 a n d
M a r c h 3, 1863
G o l d certificates, a c t s of M a r c h 3,"
1863, a n d J u l y 12, 1882
One-vear notes'of 1863, a c t of M a r c h
3, 1863
T w o - y e a r n o t e s of 1863, a c t of M a r c h
3, 1863
,
C o m p o u n d i n t e r e s t notes, a c t s of
M a r c h 3,1863, a n d J u n e 3 0 , 1 8 6 4 . . . .
L o a n of 1863, a c t s of M a r c h 3, 1863,
*and June^30, 1864
Ten-forties of 1864, a c t of M a r c h 3,
1864
S e v e n - t h i r t i e s of 1861, a c t of J u l y 17,
1861
:
S e v e n - t h i r t i e s of 1864 a n d 1865, a c t s
of J u n e 30, 1864, a n d M a r c h 3, 1865
F i v e - t w e n t i e s of 1865, a c t of M a r c h
3,1865
Consols of 1865. a c t of M a r c h 3,1865..
Consols of 1867, a c t of M a r c h 3,1865
Consols of 1868. a c t of M a r c h 3,1865.
F u n d e d loan of 1881, a c t s of J u l y 14,
1870, a n d J a n u a r y 20,1871, and J a n u a r y 14,1875
, C e r t i f i c a t e s of deposit, a c t of J u n e
8, 1872
. S i l v e r certificates, a c t of F e b r u a r y
28,1878
R e f u n d i n g certificates, a c t of F e b r u a r y 26, 1879
:
L o a n of 1882, a c t of J u l y 12,1882 . . .
F r a c t i o n a l c u r r e n c y , a c t s of J u l y 17,
1862, M a r c h 3, 1863, a n d J u n e 30,
1864.
F u n d e d loan of 3891, a c t s J u l y 14,
3 870, J a n u a r y 24,1871, a n d J a n u a r y
14, 1875
F u n d e d l o a n of 3907, a c t s J u l y 14,
1870, J a n u a r y 20,1871, a n d J a n u a r y
14, 1875
,
Total
E x c e s s of i s s u e s
E x c e s s of r e d e m p t i o n s .
N e t e x c e s s of i s s u e s c h a r g e d i n receipts and expenditures
Redemptions.
E x c e s s of
issues..
$150.00
Excess of
redemptions.
$150.00
34, 350. 00
34, 350. 00
322. 50
322. 50
$500. 00
I I , 800. 00
11,300.00
63, 652, 000. 00
63, 652, 000. 00
85,160, 000. 00
64, 623, 667. 00
$20, 536, 333. 00
1,120. 00
1,120. 00
650. 00
650. OO
3, 350.00
3, 350. 00
4, 500. 00
4, 500. 00
7, 850. 00
7,850.00
5, 000. 00
5, 000. OO
1, 300. 00
1, 300. 00
1, 500. 00
26, 350. 00
97,550.00
1, 250. 00
.1,500.00
26, 350. 00
97, 550. 00
1, 250. 00
83,100.00
83,100. 00
30, 260, 000. 00
24, 675, 000. 00
5, 585, 000. 00
105, 896, 000. 00
21, 947, 378. 00
83, 948, 622. 00
37, 200. 00
23, 056, 250.,00
37, 200. 00
23, 056, 250. 00
24, 320. 55
24, 320. 55
27, 792, 950. 00
27, 792, 950. OO
48,150. 00
23,671,350.00
285,016,650.00
249, 760, 258. 05
23, 623, 200. 00
110,069,955.00
74, 813, 563. 05
74, 813, 563. 05
110, 069, 955. OO
35, 256, 391. 95
T A B L E E.—STATEIMENT SHOWING T H E P U R C H A S E AND R E D E M P T I O N OF B O N D S ON ACCOUNT^OF'THE S I N K I N G - F U N D DURING E A C H F I S C A L Y E A R
FROM ITS INSTITUTION I N M A Y , 1869, TO AND INCLUDING J U N E 30,
Y e a r ended—
Principal redeemed.
P r e m i u m paid.
N e t cost in
currency.
1888.
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 interest paid in
coin.
B a l a n c e of interest duo a t
close of fiscal
year.
J U N E 30, 1869.
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868
Total
of
of
of
of
1862
M a r c h , 1864
J u n e , 1864
1365
,,„
$1,621,000.00
70, 000. 00
1,051,000.00
465, 000.00
. 461,000.00
4, 718, 000. 00
305, 000.00
$253, 822. 84
11,725.00
161,946.45
74,969. CO
73,736. 80
749, 208. 08
49,442.50
$1, 874, 822. 84
81,725.00
1,212,946.45
539,969.00
534,730.80
5,467, 208. 08
354,442. 50
$1, 349, 970. 02
57, 552.82
873,205.61
387, 566. 28
387, 903. 26
3,948,586.11
256, 653.20
$16, 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
$8, 825.40
4 8 ' . 379, 039. 58
1, 966.46
13,400. 96
25, 507. 65
976. 02
1, 691, 000. 00
1, 374, 850.67
10, 005,850.67
7,261,437.30
196, 590.00
136, 392. 56
60,197. 44
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
15,.742.87
506,189. 91
361,735.43
1, 454,778. 37
861, 763.73
° 53,363.95
4, 035,529. 42
100, 742.87
4, 477, 589.91
3,151, 985.43
12, 986, 928. 37
6,744,313.73
401,863.95
3, 263, 099. 51
75,658.54
3, 647, 628.29
2, 606,636.20
10, 681, 736. 97
5,309,810.90
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
135,888.00
68,343. 97
349, 903.21
236, 6v2. 99
14,141. 27
28,151,900.00
3, 747, 053.68
31, 898,953.68
25, 893,143. 57
1, 254, 897. 00
351,003. 54
903,893.46
a
o
w
O
W
-O
"^
J U N E 30, 1870.
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Coubols, 1868
of 1862
of M a r c h , 1864
of J u n e , 1864
of 1865
Total
O
H
h-t
t^
J U N E 30, 1871.
Five-twenties
Five-twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868
of 1862:
of M a r c h . 1864
of J une, 1864
of 1865
Total,
.,.
Q
2,792, 9.50. 00
29, ,50it. 00
3, 967, 350.00
6,768,600.00
10, 222, 200.00
6,103,050.00
52, 600. 00
227, 607. 56
2,277.1:0
340.5-9.63
574, 923. 00
850,940.79
541, 559.41
4,784.61
3, 020, 557.56
31, 777. 20
4,307,879.63
7, 343,523.00
11, 073,149.79
6, 644, 609. 41
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
5-22,317.00
351, 528.00
. 3,096.00
29,936, 250.00
2, 542,631.20
32,478,881.20
28, 694,017.73
1,557,264.50
36, 657. 80
388.35
703.46
259. 58
455. 28
745. 93
572.13
109,317. : o
851. 65
-349,671,54
239, 673. 92
412,661.72
274, 782.07
2, 512. 87
367, 782.53
1,189,481.97
51,
92.
109.
76,
d
o
<
T A B L E E . — S T A T E M E N T SHOWING T H E P U R C H A S E AND R E D E M P T I O N O P ' B O N D S ON ACCOUNT O F T H E S I N K I N G - F U N D , E T C — C o n t i n u e d o
Year endcd-
Five-twenties
Five twenties
Five-twenties
Five-twenties
Consols, 1865
Consols, 1867
Consols, 1868
JUNE30:i872.
of 18(;2
of M.arch, 1864
of . J u n e , 1864
of 1865
-.
Total
J U N E 30,1873.
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 M a r c h , 1864
F i v e - t w e n t i e s of J u n o , 1864
F i v e - t w e n t i e s of 1865
Consols, 1865
Consols, 1867 . . . ^
Consols, 1868
Total
J U N E 30,1874.
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 une, 1864
F i v e - t w e n t i e s of 18.J5
Consols, 1865
Consols, 1867
Consols, 1868
Total
tr"
.X
X
B a l a n c e of. inN e t cost esti- I n t e r e s t d u e A cecs rt u epda iidn t eirn- , t e r e s t d u e a t
<
a t close of
P r i n c i p a l redtiemed.
P r e m i u m paid.
$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. \^
833, 600.15
9, 951. 63
181, 905. 21
142, 059. 03
043,306.16
072, 038. 70
225,889.46
792, 500.15
95, 801.63
$6, 345, 391. 98
126,123.46
3, 573, 223. 63
3, 594, 747. 85
11, 600, 785. 89
6,863, 777. 39
84, 595. 02
$427, 849. 00
8, 894. 00
246, 001.50
246,562.00
707, 334. 00
417, 5.34 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
32, 618,450.00
3, 935, 050. 34
36, 553, 500. 34
32, 248, 645. 22
2, 059, 325. 50
430, 908.38
1, 628, 417.12
7,137,100. 00
50, 000. 00
3, 741,150. 00
1, 959, 850. 00
10, 768, 250. 00
4,402,100. 00
619, 550. 00
925, 783.87
7, 372.50
480, 684 37
" 250,63.5. 93
1, 371, 187.37
553, 610. 89
81, 983.44
062, 883.87
57, 372. 50
221, 834. 37
21.0,485.93
339,437.17
955, 710. 89
701, 533. 44
7, 089, 542. 58
49, 780. 91
3, 715,2 a . 22
1, 943,488. 93
10, 668, 617. 09
4, 373, 78L 76
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
345, 069. 34
69, 632. 51
8, 948.40
329,489.93
2,686:30
181, 054 04
96. 522. 03
501, 025. 66
194,493. 49
28, 224.60
28, 678, 000. 00
3, 671, 258.17
32, 349, 258.17
28,457, 562. 83
1, 725, 881. 50
392, 385.45
1,333,496. 05
05
32
69
42
86
40
90, 519. 00
341,438.50
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
67, 775. 05
93, 425. 04
57, 959. 31
157,129. 67
187, 083. 03
37, 123. 62.
12, 872, 850. 74
823, 082. 00
222, 586. 28
600, 495. 72
H
25,170,400. 00
25,170,400. 00
541, 973.50
353, OOL 56
5, 78.5, 200. 00
10, 869, 600. 00
1, 789, 250.00
5, 785, 200. 00
10, 869, 600. 00
1, 789, 250. 00
404, 964. 00
760, 872. 00
125, 247.50
54,745.72
171,966.33
30, 805. 86
350, 218. 28
588, 905. 67
94,441.64
Z23
18,444,050.00
18,444,050.00
1,291, 083. 50
257, 517. 91
1, 033,565. 59
N e t cost i n
currency.
m a t e d i n gold.
fiscal y e a r .
coin.
close of fiscal
year.
P3
1,
2,
1,
3,
4,
421, 700. 00
020, 550. 00°
247, 250. 00
393, 650. 00
051,000. 00
802, 300. 00
12,936,450.00
161,
218,
135,
360,
432,
86,
219. 79
457.39
577. 95
964. 62
348.18
505. 62
1, 395, 073. 55
$352, 669. 57
7, 555.30
188; 551. 70
208, 744. 63
558, 085. 79
3.09,046.08
3, 764. 05 '
s
o
w
1,
2,
1,
3,
4,
582, 919.79
239, 007. 39
382, 827. 95
754, 614. 62
483, 348.18
888, 805.62
14, 331, 523. 55
1,435, 391.
2, 012, 051.
1, 241, 571.
3, 374, 934.
4, 029, 975.
798, 926.
~
OQ
a
H •
PO
o
J U N E 30,1875.
F i v e - t w e n t i e s of 1862
zn
J U N E 30,1876.
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 une, 1864
F i v e - t w e n t i e s of 1865
Total
K}
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
.o» .
«
Consols 1865
.........oc.
consoisii867.II"!°.l!I!'.!!.'!!.'."r.!!.*II.".!.\!
Total
„
1
81,200.00
178,900.00
180, 350.00
6, 050.00
1, 000. 00
81, 200. 00
178,900. 00
180, 350. 00
0, 050. 00
1,000. 00
4, 352.25
9, 943. 50
9,519.00
181. 50
30. 00
447, 500.00
447, 500.00
24, 026. 25
3,170. 58
8, 619. SO
6, 377. 92
72. 53
8.80
1,181. 67
1, 323. 60
3,141. 08
108. 97
2L20
^
5,776. 52
—.
wg=
18,249.73
-
=
^
: :
•
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 -o = - .
F i v e - t w e n t i e s of 1865
Consols, 1865 „,
...•
.
Consols 1867
Consols', 1868.,==o=r
. = .;
»
Total..„.„,„
17, 900. 00
15, 900.00
2, 350. 00
23,600.00
6, 700. 00
8, 500.00
966. 00
834 00
129.00
1, 416. 00
342. 00
510. 00
192. 65
78.41
40. 92
273. 35
134. 76
89.83
773. 35
755. 59
88. 08
1, 142. 65
207. 24 •
420.17
73, 950. 00
73,950. 00
4,197.00
809. 92
3, 387. 08
2, 650. 00
3,150. 00
1, 850. 00
1, 700.00
9, 050.00
100.00
2, 650. 00
3,150. 00
1,850.00
1, 700.00
9,050.00
100.00
165. 75
9 4 50
85.50
302.00
543.00
6.00
40.35
18.53
41.22
41, 49
166. 62
^ 56. 00
125.40
75. 97
44.28
60. 51
376. 38
5.44
o
18,500.00
996. 75
308. 77
687. 98
H
4.00
4 00
1 4 50
28,168. 75
85,110.00
1,165, 807. 50
484, 747. 50
9, 787. 50
415, 162. 70
15, 000. 00
.67
.49
5.85
12, 872. 65
47, 540. 20
518,148. 79
213,179. 29
3, 602. 56
130, 349. 36
10,191. 74
3.33
3.51
8.65
15. 296.10
37, 569. 80
647, 65vS. 61
271, 568. 21
6,124. 94
284,813.34
, 4, 808. 26
17, 900. 00
15,900700
2, 350. 00
23, 600. 00
5, 700. 00
8, 500. 00
=o
„
d
po
o
W
zn
o
hrj
W
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, 3 8 6 7 . . . .
Consols, 1868.. OOO.OO
,
18, 500. 00
Total.....oo....
............. —
ZP
o
po
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 u e 1864
F i v e - t w e n t i e s of 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 A u g u s t , 1861
L o a n of M a r c h , 1863
Oregon w a r debt
F u n d e d l o a n of 3881
F u n d e d loan of 1907.
100. 00
100. 00
250.00
676, 050. 00
837, 000.00
064, 250.00
797,150. 00
202, 550. 00
575,450. 00
500, 000. 00
74,161. 95
1, 376, 085. 04
549,035.18
8. 273.02
662, 206. 97
125,558. 26
100. 00
100. 00
250. 00
676, 050. 00
2, 911,161. 95
33,440, 335. 04
13, 346,185.18
210,823. 02
24, 237, 656. 97
1, 625, 558.26
73,652, 900.00
2, 795, 320.42
76,448,220.42
2, 203, 806.45
935, 951. 60
51, 277. 58
488,876.11
3, 000. 00
50.00
100.00
7, 826, 277. 58
17, 201, 326.11
210. 00
3.50
7.00
462, 390.00
1, 002,747.00
80. 22
.25
1. 74
160, 072. 88
200,043. 95
,*
=
:....
2,
32,
12,
23;
1,
Total.....
•
cn
H-l
Q
I
a
1,267,854.85
J U N E 30, 1881.
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
L o a n o f F e b r u a r y , 1861
,
Loanof July and August, 1861... o . . . . . . . . o
...
.o.
3, 000.00
50. 00
100. 00
7, 7-5'5, 000.00
16, 712,450.00
.
129. 78
3.25
5.26
302, 317.12
802,703.05
X
X
<
e
T A B L E E . — S T A T E M E N T SHOWING T H E P U R C H A S E AND R E D E M P T I O N O F B O N D S ON ACCOUNT O F T H E S I N K I N G - F U N D , ETC.—Continued.
Y e a r ended—
J U N E 30,1881—Continued.
L o a n of M a r c h 1863
Oregon w a r debt
F u n d e d l o a n of 1881
Total
Principal redeemed.
P r e m i u m paid.
N e t ccst in
currency.
N e t c o s t estim a t e d i n gold.
I n t e r e s t d u e ' Accrued interest paid i n
a t close of
coin.
fiscalyear.
XX
B a l a n c e of i n terest due a t
close of fiscal
year.
/
$7, 057,100. 00
54, 250.00
42, 769, 400.00
$199, 514 62
1,408.65
320,171.82
$7, 256, 614.62
55, 658. 65
43, 089, 571. 82
$361,315.50
2, 584.50
3,106, 474.15
$83, 330. 51
551.11
263,342.94
74 371. 350. 00
1, 061, 248.78
75,432, 598. 78
2, 935,731.65
707, 423. 60
$277, 984. 99'
2, 033.39
843,131.21
Total
O
PO
2, 228, 308.05
w
J U N E 30,1882. ^
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 3^ p 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
F u n d e d loan of 1881
PO
55, 215, 850. 00
2, 637, 850. 00
1, 000. 00
2, 224, 450. 00
55,235,850.00
2, 637, 850. 00
1,000.00
2, 224,450. 00
1, 368, 894. 64
91, 701. 7523.33
115, 717. 53
579, 493.12
25,771.80
2.78
6, 771.83
789, 401.50
65, 929.95
20.55
108, 945.70
60, 079.150.00
60, 079,150. 00
1,576,337.23
612, 039. 53
964, 297.70
QQ
• w
o
PO
po
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 l o a n 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 o f M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t
Total
100.00
43,300.00
661,750.00
34,128, laO.OO
10, 019,400. 00
100. 00
41, 300. 00
661, 750. 00
34,128,150. 00
10, 019, 400. 00
5.50
1,716.66
20,760.25
1,171, 034 37
233,862.32
14.18
138.13
5,293.40
186. 913. 66
137, 402.11
8.68
1, 578. 53
15,466.85
984,120. 71
96,460.01
44, 850, 700. 00
44, 850. 700.00
1,427, 378. 90
329,761.48
1, 097, 617.42
200. 00
5, 200. 00
422, 550. 00
566, 250. 00
33,221,450.00
12, 553, 950. 00
200. 00
5, 200. 00
422. 550. 00
566, 250. 00
33, 221, 450. 00
12. 553, 950.00
9.50
187.08
14, 789. 25
19, 818. 75
1,018,176.97
240,130.13
13.35
164. 24
2, 823. 94
7, 069. 86
276, 923. 93
31, 884 61
3.85
22.84
11,965.31
12, 748. 89
741,253. 04
208, 245.52
46,769, 600. 00
46, 769, 600.00
1, 293, 111. 68
318, 879. 93
974, 231.75
H
PO
J U N E 30,1884.
F i v e - t w e n t i e s of 1862
T^nndpfl 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
F n n d p d In^Ti of 1881 c o n t i n u e d a t 3k n e r c e n t
L o a n of J n l v 12 1882
Total
o
;>
—.
,
_._
ZQ
a
•po
J U N E 30, 1885.
F i v e - t w e n t i e s of 1862
F i v e - t w « n t i e s of 1864
.
F u n d e d loan of 1881
L o a n of J u l y a n d Ar>gust, 3863, c o n t i n u e d a t 3^ p 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
L o a n o f J u l y 12 1882
Total
J U N E 30, 1886.
Oresron w a r d e b t
....
...
L o a n of J u l y a n d A u g u s t 1861
L o a n of 1863
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 1864
F i v e - t w e n t i e s of 1865
T e n - f o r t i e s of 1864
Consols of 1865 . . .
Consols of 1867
.'
C o n s o l s o f 1868
F u n d e d l o a n of 1881
L o a n o f 1882
L o a n of 1863 c o n t i n u e d a t 3A° p e r c e n t
.
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
F u n d e d loan of 1881, c o n t i n u e d a t 3^ jier c e n t
4,000. 00
100. 00
1,100. 00
52, 250. 00
18, 000. 00
230, 500. 00
45, 282, 200. 00
4, 000. 00
100. 00
1,100. 00
52, 250. 00
18, 000. 00
280, 500. GO
45, 282, 200. 00
85.00
4 00
36.67
1, 269. 62
499. 62
5, 347. 70
1,153, 460. 88
701.96
.49
50.51
588 85
S7. 92
1,416.28
268, 821. 31
616. 96
3.51
13.84
680. 77
411.70
3,931.42
884, 639. 57
45,588,150. 00
45, 588,150. 00
1,160, 703.49
271, 667. 32
889, 036.17'
o
zn
'
100.00
2, 500. 00
1,100. 00
67, 500. 00
4, 300. 00 •
300. 00
14, 250. 00
15, 900. 00
26, 950. 00
12, 250. 00
49, 800. 00
44, 044, 600. 00
4,100. 00
96, 750. 00
190,750. 00
100. 00
2, 500. 00
1,100. 00
67,500.00
4, 300. 00
30O. 00
14, 250. 00
15, 900. 00
26,950.00
12, 250. 00
49, 800. 00
44, 044, 800. 00
4, 300. 00
96, 750. 00
190,750.00
L50
53. 25
31.50
1, 425. CO
85. 25
6.00
356. 25
- 419. 25
662. 25
203. 25
826. 50
435,942.01"
123. 00
2,848. 50
4 , 7 0 4 13
18.00
99.00
33.00
14, 399. 00
31.14
2.02
278. 80
842. 29
2, 070. 75
570. 04
868. 55
220, 617.44
3L32
1, 560.76
1, 065. 34
16.50
45.75
L50
12, 974.00
- 5411
3.98
77.45
423. 04
1, 408. 50
366. 79
42.05
215, 324 57
9L68
1, 287.74
3, 638.-79
44, 531, 350. 00
44, 531,350. 00
447, 687.64
242, 487. 45
205, 200.19
47,748,750.00
1, 300. 00
3,100. 00
28,700. 00
650. 00
8, 000. 00
2, 000. OO
13,400. CO
18, 200. 00
34, 000. 00
500. 00
1. 500. 00
8, 500. 00
25, 600. 00
. 47,748,750.00
1, 300. 00
3,100. 00
28, 700 00
650.00
8, 000 00
2,000.00
13, 400. 00
18, 200. 00
34, OOC. 00
500. 00
1,500.00
8, .500. 00
. 25, 600. 00
1. 375, 653. 00
8417
110. 83
1, 722. CO
45.50
560. 00
120. GO
804. 00
2, 040. 00
30. 00
52.50
297. 50
- 926.33
223, 676. 38
119. 50
166. 80
861.00
5 8 12
473. 92
60.00
402. 00
2,147.36
3, 333. 69
270. 25
22. 58
60.31
213.17
1,151, 976. 62
35.33
55.97
861. 00
12.62
86.08
60.00
402. 00
1, 055.16
1, 293. 69
240. 25
29.92
237.19
713.16
47, 894, 200.-00
1,383, 537.83
231, 864. 88
1,151, 672.95
.
..
Tatal
J U N E 30, 1887.
L o a n of 1882
T e n - f o r t i e s of 1864
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
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 1865
L o a n of F e b r u a r y 1861
L o a n of 1863
...'
Consols of 1865
'....
Consols of 1867
Consols of 1868
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 1863, c o n t i n u e d a t 3^ por c e n t
!.....
F u n d e d l o a n of 1881, c o n t i u u e d a t 3^-per c e n t
i...
Total
-„
...:./
47, 894, 2J0O. 00
.,
1, 0 9 2 . CO
O
W
o
zn
.^
O
PO
H
tt
Q
I
a
X
X
•=<
X
T A B L E E . — S T A T E M E N T SHOWING T H E P U R C H A S E AND R E D E M P T I O N O F B O N D S ON ACCOUNT O F T H E S I N K I N G - F U N D , E T C — C o n t i n u e d .
P r i n c i p a l redeemed.
Y e a r ended—
Total...
Grand total
N e t co.st i n
currency.
st due
N e t cost esti- I n at et r eclose
of
m a t e d i n gold. • fiscal j ' e a r .
Accrued interest paid in
coin.
B a l a n c e of interest due a t
close of fiscal
year.
.
$18, 880, 500.00
19, 455, 400. 00.
5, 389, 250. 00
43 725,150. 00
666, 629, 000. 00
$1, 555, 966.17
1,^96, 049. 71
2, 852, 015. 88
23, 374, 502. 69 $157, 677, 967. 61
PO-
o
^
J U N E 30, 1888.
L o a n of 1882
F u n d e d l o a n of 1881
F u n d e d loan of 1907
P r e m i u m paid.
X
X
X
po
$18,880,500.00
21,,011,366.17
6, 685, 299. 71
$660, 630. 00
794, 247. 00
203,293.00
$94, 660.88
95, 098. 43
43, 817. 79
$565,969.12
699,148. 57
159, 475. 21
46, 577,165. 88
1, 658, 170. 00
233, 577.10
3,424,592.90
667, 753,192.47
23, 565, 782.37
6, 402,186. 31
17,163, 596. 06
H
,tt
GQ
o
PO
3pO
Kl
O
tt
• PO
-W
P>
zn
Cl
TABLE
F . — S I N K I N G - F U N D ACCOUNT FOR F I S C A L Y E A R
DR.
H [^c
^-X July
to
CR.
- T h e a n n u a l r e p o r t 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 t h e fiscal y e a r 1885 c o n t a i n s a s t a t e m e n t s h o w i n g t h e c o n d i t i o n of t h e s i n k i n g - f u n d from i t s i n s t i t u t i o n i n
M a y . 1869, t o a n d i n c l u d i n g J u n e 30, 1885.]
1, 1887
J u n e 30,1888
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 30,1887, l e s s coin a n d c u r r e n c y c e r t i f i c a t e s h e l d
i n c a s h a n d c a s h a v a i l a b l e for r e d u c t i o n of t h e d e b t .
. viz, $1,307,739,749.25
~
3 $13, 077, 397. 49
T o i n t e r e s t o n r e d e m p t i o n s p r i o r t o fiscal y e a r 1 8 8 8 . . .
32, 082,137. 69
T o i n t e r e s t o n $43,732,550.00, a m o u n t of d e b t " p a i d "
1, 658, 614. 00
d u r i n g fiscal y e a r 1888
68.54
To balance
46, 818, 217. 72
J u n e 30,1888
B y b a l a n c e from l a s t y e a r
B y p r i n c i p a l of b o n d e d d e b t r e d e e m e d iu 1888
By accrued interest thereon
P r e m i u m on b o n d s p u r c h a s e d
B y 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 i n 1888
$74.
43, 725,150.
233, 577.
2, 852, 015.
7, 400.
46, 818, 217. 72
zn
fe!
fe!
Q
I
a
o
Q
O
O
Cl
fe;
TABLE
G . — S T A T E M E N T OF T H I R T Y - Y E A R G P E R C E N T . B O N D S - ( I N T E R E S T P A Y A B L E J A N U A R Y AND J U L Y ) I S S U E D TO T H E S E V E R A L P A C I F I C
E A I L W A Y COMPANIES U N D E R T H E ACTS OF J U L Y 1, 1862 (12 STATUTES, 492), AND J U L Y 2, 1864 (13 STATUTES, 359).
A m o u n t of
bonds
outstanding.
Eailway companies.
A m o u n t of inA m o u n t of
terest accrued interestdue, as
and paid to
per Register's
date.
schedule.
Total interest
paid by
the United
States.
•
R e p a y m e n t of
interest by
transportation
of m a i l s ,
troops, etc.
Balance due
the United
S t a t e s on i n t e r est account, deducting repayments. .
X'
X
.X
PO
hj
o
po
H
J a n u a r y 1, 1888:
C e n t r a l Pacific
Kansas 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
"Western Pacific
S i o u x C i t y a u d Pacific
J u l y 1, 1888:
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 Pacifi c .
.
. .
.
:
.
o
25, 865,120. 00
0, 303, 000. 00
27, 236, 512. 00
1,600,000.00
3, 970. 560. 00
1, 628, 320. 00
29,664,984 07
7, 642, 053.09
31, 494, 613. 29
1, 933, 808. 26
2,141,383.34
1, 855, 094.29
776, 553. 60
189, 090. 00
817, 095. 36
48, 000. 00
59,116. 80
48, 849.60
30,441,537.67
7, 831,143. 09
32,311, 708. 65
1,981,808.26
2, 200, 300.14
1, 903, 943. 89
5, 574, 932.83
3, .563, 485. 83
11, 523, 832. 70
319, 832. 62
9, 367. 00
134, 573. 32
24, 866, 604.84
4, 267, 657.,26
20, 787, 875. 95
1, 661, 975. 64
2,190, 933.14.
1, 769, 370. 57
64, 623, 512. 00
74, 731, 736. 34
1, 938, 705.36
76,670,441.70
21,126,024 30
55, 544, 417. 40
zn
O
25, 885,120. 00
6, 303, COO. 00
27,236,512.00
1,600,000.00
1, 970, 560. 00
1, 628, 320. 00
30, 441, 537. 67
7,831,143.09
32,311,708.65
1, 981, 808. 26
2, 200, 300.14
1, 903, 943. 89
776, 553.60
189, 090. 00
817,095.36
48, 000, 00
59,116. 80
48, 849. 60
31,218,091.27
8, 020, 233. 09
33,128, 804. 01
2, 029, 808. 26
2,259,416.94
1, 95 ' 793.49
5, 677,463. 67
3, 614 719.77
31,717,776.96
343,309.78
9, 367. 00
141,050.64
25, 540, 627. 60
4, 405, 513. 32
21,411,027.05
1,688.698.48
2, 250, 049. 94
1, 811, 742. 85
PO
64, 623, 512. 00
76, 670, 441. 70
1,938,705.36
78, 609,147. 06
21, 501, 487. 82
57,107, 659. 24
tt
>
tt
H
po
zn
CHANGES IN INTEREST-BEARING
DEBT.
LXXXIII
T A B L E H.—tSTATEMENT SHOWING T H E CHA'>'GES I N T H E I N T E R E S T - B E A R I N G D E B T
OF T H E U N I T E D STATES DURING T H E YEAR E N D E D OCTOBER 31; 1888.
Title ofloan.
•
F u n d e d loan of 1891
F u n d e d loan of 1907 .
R e f u n d i n g certificates
B o n d s issued t o Pacific Railroad
Outstanding
N o v e m b e r 1,
1887.
R a t e of
interest.
P e r cent
4^
4
4
3
6
"
Increase
duringthe
year.
Decrease
during the
year.
Outstanding
O c t o b e r 31,
1888.
$230, 544, 600
732, 447, 550
155, 080
14, 000, 000
*$33, 250
$33, 242, 600
50, 412, 650
25, 460
$197,302,000
682, 068,150
129,620
14, 000, 000
977,147, 230
64, 623, 512
33, 250
83,680,710
893, 4,99, 770
64, 623, 512
1, 041, 770, 742
33, 250
83, 680, 710
958,123, 282
*See statement which follows, showing conversions of refunding certificates, for an explanation of
the increase during the year in the interest-bearing debt.
Since November 1, 1887, refandiag certificates issaed in 1879, under the act of
February.26, 1879, have beeu presented for conversion into 4 per cent, bonds, as follows :
Principal...............'.
Accrued interest due thereon
Total
$25,460.00
9,122. 90
:
:
34,582.90
For which settlement was made as follows:
Four per cent, bonds issued on account of principal
Four per cent, bonds issued on account of accrued interest
Interest paid in cash
Tot°al
$25, 460. 00
7, 790.00
:
$33,250.00
1, 332.90
: . 34,582.90
The certificates ptill outstanding amount to $129,620.
The reduction in the annual interest charge, by reason of the changes during the
year ended October 31, 1888, is as follows:
" On bonds 'redeemed by purchase.
Deduct the interest on $7,790 4 per cent, bonds issued
Net reduction
$3,512, 423. 00
311. 60
3, 512, 111. 40
During the twelve months ended October 31, 1888, the interest-bearing debt was
reduced by the redemption of 4 per cent, bonds amounting to $50,412,650, $10,000 of
which was purchased under t h e circular of September 22, 1887, and wais applied to
ttie sinking-fund for the fiscal year 1888. The balance, $50,402,650, was purchased
under the circular of April 17, 1888, and $26,839,650 of the amount was applied to the
sinking-fund for t h e fiscal year 1889.
Four and one-half per cent, bonds were also purchased under t h e circular of April
17, 1888, amounting to $33,242,600, and $12,143,150 o f t h e amount was applied., to the
sinking-fund for 1889. The average rates of ,net premium paid for the bonds purchased for thesinking-fand were 6,952 per cent, for t h e 4 | percents., and 28.659 pei
cent for the 4 per cents. Average rates for those purchased with the surplus were
7.558, and 27.017 for 4^ and 4 per cent, bonds, respectively.
LXXXIV
REFORT
OF
THE
SECRETARY
OF
THE
TREASURY.
T A B L E H . — S T A T E M E N T SHOWING T H E CHANGES I N T H E INTEREST-BEARING D E B T
OF THE UNITED STATES, ETC.—Continued.
The redemptions and cancellations of United States bonds and seven-thirty notes
during t h e twelve months ended October 31, 1888, were as follows :
Seven-thirty notes of 1861
Seven-thirty notes of 1864 and 1865
Oregon war debt, act March 2, 1861...
Five-twenties ot February 25, 1862
Ten-forties of 1864
J
Consols of 1865, actof March 3, 1865
Consolsof 1867, actof March 3, 1865..
Consolsof 3868, act ot March 3, 1865 ..'
Loan of July and August, 1861 (6 per cent.)
Loan of March 3, 1863 (81s) (6 per cent.)
.°
Funded loan of 1881 (5 per cent.;
Loan 01 J,uly and August, 1861 (continued at 3^ percent.)..
Loanof March 3, 1863 (continued at3^ percent.) ..,
Funded loan of 1881 (continued at 3^ per cent.)
Loan of July 12, 1882, 3 per cent...
Funded loan of 1891, 4 | per cent., purch'ased under circular April 17, 1888
;
Funded loan of 1907, 4 per cent., purchased under circular September 22, 1887
Funded loan of 1907, 4 per cent., purchased under circular April 17, 1888
Total redemptions and cancellations
.
...
*.
:...
$5,000
3,400
1,150
*10,000
5,200
16,500
93,400
1,050
26,450
1,500
76,900
3,050
4,100
5,900
835,900
1,089,500
33, 242, 600
10, 000
50,402,650
84, 744,750
* By authority of the act of August 5, 1882, $500 was added January, 1888, to the amount outstanding
on the debt statement of the loan of February 25, 1862, to adjust an erroneous settlement of $500 bond
No. 1716.
TABLE I.—STATEMENT SHOWING- M I ;
AMOUNT OP GOLD AND SILVER COIN AND BULLION;
Gold certificates.
Gold.
In Treasury,
including
bullion.
In national
banks.
GOLD, SILVER, AND CURRENCY CERTIFICATES; UNITED STATES NOTES, AND NATIONAL AND STATE BANK NOTES IN
OF EACH YEAR NAMED.
In circulation;
in other banks
and in individual hands.
In Treasury.
Total.
In national
banks.
Silver certificates.
In circulation;
in other hanks
and in individual hands.
Total.
In Treasury.
In national
banks.
THE UNITED
STATES, AND DISTRIBUTION THEREOF AT THE CLOSE
Subsidiary silver.
Silver dollars.
In circulation;
in other banhs
and in individual liands.
In Treasury,
including silver
bullion.
Total.
In national
banks. •
In circulation;
in other banks
and in individual hands.
Total.
In Treasury.
In national
banks.
In circulation;
in other banks
and in individual hands.
June 30—
1860
1861
1802
1863
1SC4
1805
1866
180 7
1808
im
1870
im
187 2
187 3
187 4
187 5
187 6
187 7
187 8
187 9
188 0
$72,281,687.86
68.431,388.80
50, G88,448.36
55, 217, COt. 05
89, 390,471. 88
128,4C0,202.87
135,236,474. 62
126,145,427.20
103,171,661.25
14K, 506,389.95
198, 078, 537. €8
204,870,594. 15
247,028, 625.25
232,554,886.49
277,979,653.61
314,704,822.46
1881
1882
18*3
188 4
1885
188 6
188 7
188 8
Date.
$3,370,378.40
5,019,638. 53
3,603,993.46
4,839, 240.54
5,306,202. CD
8,191,952.67
21,530, 846. 05
76.959.509.73
101,901,276.45
91.223.770.74
67,002,816.21
65,835,738.50
83,268, 947.07
104, SCO, 587. 67
93, 137,439.47
95, 709, 782.81
State-bank circulation.
$59,347,933.74
73,928,465.67
GO, 782,464.18
70,000,062.41
72,804,737.43
76, 547,821.46
88, 974,516.33
148, 736, 209. 07
213.411.600.30
207.027.554.31
277,650,679.11
274,788,464.35
258,399,463. 68
253, Ch8,986.84
278,403, 241. 92
295,401,249. 70
Demand notes.
$135,000, 000.00
147,379, 493.00
121,134, 90b*. 00
130, 056, 907.00
167,501, 472. 00
213,199, 977.00
245,741, 837.00
351, 841,20<i, 00
478,484, 538. 00
506,757, 715.00
542,732, 003.00
545,500, 97. 00
588, 697,036. 00
590,774, 461. 00
654,520, 335.00
705, 818, 855. 00
$442, 640.00
95,470.00
35,260.00
533,680.00
2,462,320.00
2,096,620.00
5,674, 640. 00
5,208,680.00
4,809,720. 00
4,247,500.00
4,506,420. 00
9,274,5C0.00
19, 469, 320.00
133,880. 00
40, 700. 00
23.400.00
8,100. 00
22,571,270.00
27,246,0^0.00
13, 593,410.00
55,129,870.00
30, 261, 380 00
20, 928, 500.00
1
$8,082,800, 00 $2,422,420. 00
7,122,350.00
11, 555, 760. 00
13,283,700.00
4, 359, 590. 00
11,953,6^0.00
18, 002, 280. 00
18,660,920.00
13,423,8c0. 00
9,101,160.00
8,628,520.00
11,412, lfiO. 00 14, 999, 500. 00
22,139, 090 00
12,112,230. 00
13, 671,600.00
4, 343, 720. 00
12, 642,180. 00
4,906,620. 00
16,872,780.00
7,302,200 00
12,179,520.00
20, 118,520. 00
16,021,460.00
8,876,220. 00
13,975,600. 00
1,304,220 00
7, 939, 560. 00
24, 340. 00
5,137,500.00
622, 020. 00
4,440,400. 00
588,6:0. 00
32, 791,590.00 27,015, 780.00
26,637,110.00
44,509, 530. 00
74,816,920.00
51,912,810. 00
41,446, 430. 00 34, 597, 945. 00
54,274,940. 00 30, 950,497. 00
68, 761, 9JO. 00 52, 332, 720. 00
|
One and two year Compound-interest
notes of 18 3.
notes.
Fractional currency.
$10,947,860.00
18, 773, £80. .00
17, 678. 640. 00
30,489,640. 00
34, 547,120. 00
19,886,300 00
3 2 , OStS, 3 0 0 . 0 0
39,460,000.00
22,825,100.00
21,790,300.00
28, 681,400.00
41,572,600. 00
44, 367,000. 00
15, 413, 700. 00
8, 004,600. 00
5,782, 920. 00
5,037,120. 00
82,378,640. 00
98,392, G60.00
140,323,140. 00
131,174,245. 00
121,486,817.00
142, U23,150.00
$1,455, 520.00
2,052,470.00
6,584, 701.00
12,055,801.00
11,590,620. 00
15,996, 145. 00
23,384,680. 00
38,370,700. 00
27,861,450.00
3,425,133.00
28,732,115.00
$7,080. 00
$56,670. 00
357,810. 00
995,4(J0.00
4,794,169.00
945,590.00
38,165,139. 00
854,010.00
53,652, 050. 00
3,121,130.00
69,499,556.00
2,861,000.00
93,566,011.00
3,139,270.00
98,391,076. 00
1,812,290.00
80, 303, 935. 00
3, 535,479 00 138, C82,538.00
7,094,854.00 193,664,803.00
$1,462,600.00
2,406,950. 00
12, 374,270. 00
51,160,530.00
66,096, 710.00
88,610,831.00
119,811,691.00
139, 904,646.00
115,977,675. 00
145, 543,150. 00
229,491,772.00
National-bank notes.
In national
banks.
In Treasury.
In circulation; in
other banks and in
individual hands.
$1,149,305. CO
1,592,201.00
2, 742, 54K 00
3, 997, 2:8. 00
4, 62(J, 921. 00
15,059,827.84
$175,250.00
33, 239, 916. 91 4,739,120.00
49,549,851.42 4, 689, 628. 00
65, 954, 671.10 5,711,137.00
6,077,153.00
90,384, 724 36
6,351,004.00
116,396,235.29
139,616,414. 27 8, 032,811.00
169,451,997. 52 7,797,925.00
184,523,282. 97 6,757,263.00
221,897,045. 77 6,343,213.00
6,906,432.00
254,639,063.35
*$1,149,305, 00
*1, 592,261.00
*2, 742, 548.00
*3, 997, 258. 00
*4,626, 921.00
16, 269, 079.00
$1,034, 001.16
41,276, 356. CO
3, 297, 319.09
15,420, 928. 58 69,660,408.0.0
95, 297, 083. 00
23, 631, 274.90
20, 326, 666.64 122,788,544.00
29,300v 445.71 152,047,685.00
32,657, 388.73 180, 306, 614. 00
31,289, 044.48 208,538,967.00
45.911, 360.03 237,191,906. 00
49, 205, 508.23 277,445,767.00
48, 620. 9C4.00 310,166,459. 35
Legal-tender notes.
Total.
In Treasury.
$905,344. 88 $2,440,618.32
$1,654, 036.80
1,414,267.17
3,634,908.74
3, 714, 041.09
5,329, 577.71 2,653,408. 84
8, 642, 460. 45
6,363,605.72
3,506,449. 38 22,548, 678.90
2,952,653.04
3,850,213.37
45,034,639. 59
6,860, 505. 97 4,802,807.10
60, 055, 514, 93
8,903,401.36
2,031, 051.39
65, 315, 532. 25
24,350,481. 80 1,172,407.53
53,339,380. 67
27,247,696. 93
771,424. 05 52,067,940. 02
28,048,630.58
820, 868. SO 51, 559, 0&0. 62
28,486,1)01.05
51,616,444.54
857,854.41
29,600,720. 05 1, 085, 022. 61 44,575, 785. 34
31,236, 899. 49 1, 059, 390. 95 42, 643, 529. 56
28,8t>6, 946. 97 2,913,304.
43,2W), 685.21
26,963,934.20
2,813,138. SO 45, 770, 726. 00
26,044, 061. 55 2,819, 277.92
47, 543, 0.3G. 53
*
In circulation; in
In national banks. other banks and in
individual hands.
Total.
Legal-tinder certificates.
In banks.
In Treasury.
Total.
Aggregate circulation,
*
Jane 30—
I860
1861
1862
2363
2864
1865
1866
186 7
186 8
1869
1870
1871
187 2
187 3
187 4
187 5
187 6
187 7
1878
187 9
18>0
1881
1832....".
188 3
188 4
3885
1886
188 7
1888
$207,102,477.00
202,005,767.00
183,792,079. 0Q
238,677,218.00
179,157,717.00
142,919,038.00
19, 996,163.00
4,484,112.00
3,163,771.00
2,558,874.00
2,222,793.00
1,968,058.00
1,700,935.00
1,294,470.00
1,009,021.00
786,844.00
658,938.00
521,611.00
426,504.00
352,452.00
299,790.00
242,967.00
235,173.00
189,253.00
187,978.00
144,489.00
132,470.00
98, 697.00
82,372.50
$53, 040,000. 00
3,351, 019.75
780,999.25
472,603.00
272,162.00
208,432.00
141,723.00
123,739.25
106,256.00
96,505.50
88,296.25
79,967.50
76,732.50
70,107.50
66,917.50
63,962.50
€2,297.50
61,470.00
60,975.00
60,535.00
59, G95.00
58,985.00
58,440.00
57, 950, 00
57,445. 00
57,130.00
56,807.50
$89,879,475. U0
153,471,450. 00
42,338,710.00
3,454,230.00
1,123,630.00
555,492.00
347,772.00
248,272.00
198,572.00
167,522.00
142,105.00
127,625.00
113,375. 00
104,705.00
95,725.00
90,485.00
86,185.00
82,485.00
79,985.00
74,965.00
71,765. 00
69,765.00
68,035.00
66, 545.00
65, CO 5.00
63,835.00
$15,000,000.00
193,750,080.00
159,012,140. 00
122,394,480.00
28,161,810.00
2,871,410.00
2,152,910.00
, 768,500.00
593,520. 00
479,400. 00
415,210.00
367,390. 00
328,760.00
296,630.00
274,920. 00
259,090.00
242,590.00
230,250.00
220,960.00
213,620.00
207, 660.00
202,730.00
197,170.00
192, 880.00
189,530.00-
$20,192,456.00
22,894,877. 25
25,005,828.7G
27,070,876.96
28,307,523.52
32,626,951.75
32.114.637.36
39,878,684.48
40,582,874.56
40,855,835.27
44,799,365.44
45,881,29Jv 67
42,129, 424.19
34,440,595.39
20,403,137.34
16,547, 768.77
15,842,610.11
15,590,892.70
15,481,891. 65
15,423,186.10
15,376,629.14
15,355, 999. 64
15,340,114.21
15,330,021.52
15.322.898.37
15,298,577.82
!
$5,467,195.00
11, 801,418.00
5, 393,982. 00
7, 992,791. 00
11,118,903.00
6, 855,569. 00
8, 627,790.00
8,304,586.00
11,715,483.00
13,861,463.00
16,877, 634.00
15, 759,847.00
12,789,623.00
8,286,701.00
7,090,249.00
5,296,382.00
6,277,246.00
8,217,062.00
8,809,990.00
9,945,710.00
4,034,416.00
2,362,585. 00
7,055,541.00
$10.753,777.00
30, 337, 528. 00
31, 547, 972. 00
22,215, 935.00
17,498,787.00
18,081,718.00
23,894,500.00
26,841,641.00
23, 999,544.00
26,955,726.00
32.272,068.00
42, 317,896.00
32,979,719.00
34, 238,402.00
30,463,349. 00
24,771,123.00
26, 358,332.00
27, 932,850.00
27,753,195.00
31,748,004. 00
27,871,246.00
32,131,028.00
30, 684, 525. 00
25, 420, 212. 00
25*130,431.00
$20,481,493.00
109, 800, 332. 00
244,464,741.00
264, 548,026.00
276, 870, 086. 00
273,667,966. 00
264,753,581.00
284,564,031.00
305,037,461. 00
312,006,749.00
307,993,476.00
298,228,649. 00
283,140,983.00
267,050,623.00
281,261,012.00
296,633,873.00
311,056, 846. 00
321,813,443.00
324,711,593.00
316,108,215. 00
302,818,647.00
276,499,973.00
276,980,513.00
251,434,991.00
220,182,349.00
$31,235,270.00
146,137,860.00
281,479,908.00
298,625,379.00
299,762,855.00
299, 742,475. 00
299,766,984.00
318,261,241.00
337, 664,795.00
347,267,061.00
351,981,032.00
354,408,008.00
332,998,336.00
317,048,872.00
324, 514, 284. 00
329,691,697.00
344,505,427.00
355,042,675.00
358,742,034.00
356,073,281.00
339,499,883.00
318, &76,711.00
311, 699,454.00
279,217,788.00
252,368,321.00
$32,181,213. 00
52,149, 686. 00
72,988,001, 00
52,345,895.00
27,428,335.00
41,233,100.00
31,037,362.00
12,931,030. 00
11,331,320. 00
39.050,855.00
578,548.00
84,055, 245. 00
70,889,906.00
75,689, 987.68
72, 020,120.73
74,391,903.62
33,020, 559.11
30,204, 092.45
34, 670,589.68
36,498,839.42
40,183,801.75
45, 047,378.94
41,118,316 79
28,783, 706. 79
53,345,975. 89
$10,042,756. 00
165,394,496. 00
197,783,494.00
100, 587,582.00
100,166,100. 00
80, 934,119. 00
94,573,751.00
122,137, 660. 00
122, 994,417.00
106,381,491. 00
103,108, 350. 00
87,492,895. 00
90, 836, 876.00
78,004,386.00
71,643,402.00
67,0."9,152. 00
. 64,470,717.00
58,728,713. 00
64,019,518. 00
73,832,458.00
76,917,212.00
79,701,352. 00
79,650, 783. 00
74,482,342.00
81,995,613.00
$375, 073, 234. CO
213,522, 246.00
130,008,811.00
218,850,120. 00
228, 405,565.00
233,767, 975.00
230,383. 887.00
220,931,310. 00
223,174,263. 00
210, 567, 654. 00
210, 313,102. t'O
2U4, 223, 440. 00
208, 045, 502. 00
206,069, 95S. 32
203,017,493.27
205, 229, 960. 38
249,189,739, 89
257, 748, 210. 55
247,990,908.92
236,349, 718. 58
229, 580, C02. 25
221,932,285.06
225,905,916.21
243,414,877.21
211,339, 397. U
NOTE 1.—The aggregate circulation should be reduced by the total amount of gold, silver, aiid legal-tender certificates, to obtain the net circulation, as the funds which these certificates represeut are also included in the aggregate.
NOTE 2.—The stock of gold coin and bullion and of silver coin and bullion in tJie United States at the close of each year from June 30, 1873, to June 30, 1888, is the amount estimated by the Director of the Mint.
XOTE 3.—Of the fractional currency outstanding, it is estimated that $8,375,934 have been lost or destroyed, act of June 21, 1879.
NOTE 4.—Tbe State bank circulation.includes only the notes of State banks converted to national banks. The amount of the outstanding notes of non-converted State banks is estimated at $148,434.
PAGE LXXXV
*
$447, 300, 203. 00
431,006, 428. 00
400, 780, 306. 00
371, 7t<3, 597. 00
350, 000, 00X00
355,935, 194. 00
356, 000, 000. 00
356,000, 000. 00
357,500,000.00
356, 000, 000. 00 """$31, 515, ooo. oo
58. 000,000. <J0
382, 000, 000.00
57, 970,-000. 00
375,771,580. 00
32, 565,000.00
369,772, 284.00
53, 825,000. 00
359,764,332.00
46,245, 000. 00
346, 681,016.00
29,355,000.00
346, 631,016.00
14,235,000.00
346,681,016.00
11, 650,000.00
346,681,016. 00
13,245,000. 00
346,681,016.00
13, 060, 000.00
346,681,016.00
12,190,000.00
346,681, 016.00
29,585,000.00
346,631,016.00
18,250,000.00
346, 681,016.00
8,770, 000.00
346, 681, 016. 00
14,665,000.00
340,681,016.00
* Bullion in the mints and New York assay office.
t Includes trade-dollars.
$2 is, ouiYco
75.">, 000.10
445,000. 00
275, OuO.00
1,135,000. 00
570, 000. 00
1,450. 000. 00
300, 000. 00
275, 000. 00
75, 000.00
315,000. 00
195,000.00
200,000.00
250, 000. 00
310,000.00
SoO.'DOO. 00
£31, 730.-000. 00
58, 7-n, yiJi». dO
58, 415, U)J. 00
32, 840. 000. t!0
54, 900, 000. 00
46,815, 000. 00
30, 805, 000. 00
14, 595,1)00. 00
11, 925, 000. 00
13, 320, 000. 00
13, 375, 000. 00
12,385, 000. 00
29,785,000.00
18, 500, 000. 00
9, 080, 000. 00
14,915,000.00
$902,401, 673.94
1, U20, 805, 987. 17
994, 300, 929. 69
966, 370,834.89
1.018.G92, 768. f4
1,0S2, 489, 759. 27
1,104, 918,348. 11
1. 242, 800, 929. 70
1,440,502,4 il. 65
1, 515, 865, 693.10
1, 678, 775, 068.14
1, 733, 719, 031.134
1,863.259,654.21
1, 842,843, 345.52
3, 925, 259,882. 37
2,093,5G2,072.17
J Trade-dollars ($6,000,000) deducted.
EXPLANATIO]^ OF DIAGRAM.
The diagram shows the amount in millions and tens of millions—a million being
indicated by each space between the lines.
The reason for its non-extension beyond the year 1878 is t h a t a new element was
introduced into the circulating medium of the country in this year, just as in 1862
t h e introduction of the legal-tender notes brought about an entire change in the
monetary system of the United States.
The first item upon the diagram designates the amount of the national-bank notes
in actual circulation, excluding therefrom the notes held by national banks and those
which had become a charge upon the Treasury, owing to the deposit of legal-tenders
made in order to retire these notes from circulation.
The second item shows the amount of gold coin and bullion in the United States
' Treasury, held as a reserve for the redemption of the legal-tender notes and for t h e
redemption of the gold certificates. These amounts being deducted, the balance will
show the free gold and bullion contained in the Treasury.
The third item shows the reduction or increase o f t h e public debt, as shown by t h e
monthly statement published at the end of each month.
The fourth item shows the amount of legal-tenders held in the Treasury, and, with
'the fifth item, which must be first deducted, shows the amount of these notes applicable to the redemption of national-bank notes.
The sixth item shows the amount of gold certificates actually in circulat;ion, and
which had become a charge upon the gold coin and bullion in the Treasury.
The seventh item shows t h e amount to the credit of the national-bank redemption
^und. This fund represents the amount of unredeemed national-bank notes, which,
so long as they remain outstanding, inure to the benefit of the Treasury.
The eighth item includes the subsidiary coin, silver bullion, and standard silver
dollars in the Treasury, the issue of the standard dollar having resulted in the retirement into the Treasury of the^subsidiary silver, which would otherwise have remained
in circulation.
The ninth item shows the amount of silver certificates actually outstanding, which
had become a charge upon the standard silver dollars held in tha Treasury.
The tenth item.shows the total amount of the public debt, less the cash in the Treasury, at the close of each period given.
LXXXVI
DIAGRAM
Showing the amount of NATIONAL BANKNOTES in cirhilation, the amount of GOLD, SILVER and TOTTED STATES NOTES intlie TREASURE
of the UNITED STATES, with the corresponding liability in outstanding GOLD, SILVER and CURRENCY Certificates, and the Public Debt.
1878
1879.
* NationalBankNotes
ft.
+United
1888
Millions
Millions
StatesNotes
Currency Certified
Go Id Certificates.
* KB.RedemptFund..
SILVER^ _
Silver Certificates
Public Debt
* T/imnotes of liquidating, reducing dfuL failedNationalJfa/iks, in ci/tulatiowa/id the
notesmeld' byNational Banks are not included herein.
+ ITitissue of l7&Ued SUttis Notes is fitted by Utw at f 346, 6SJ, 0t6. -SeeMctMay 31 f87$.
* ffekt $yTreasurer U S. for redemption, of notes in circulation, of Iti/m^atiztg, reducing
a ri d failed National Banks.
SILVER
COIN
IN
THE
TREASURY.
LXXXVM
T A B L E J.—^STATEMENT
O F T H E STANDARD SILVER DOLLARS, SILVER
BULLION
AND S U B S I D I A R Y S I L V E R C O I N I N T H E T R E A S U R Y A T T H E E N D O F E A C H M O N T H
FROM D E C E M B E R 3 1 , 1 8 7 7 , T O O C T O B E R 3 1 , 1888.*
Standard silver
dollars.
1877—December 3 1 . .
1878—January 3 1 \ . . .
February 28 . .
March 30 . . . . .
April 30
Mav31
J u n e 29
July 31
AugustSl
September 30 .
October 3 1 . . . .
November 30 .
Desember 3 1 . .
Silver bullion.
Subsidiary silver coin.
Total.
$810,561
3,169. 681
5,950,451
7, 718, 357
9, 550,236
31,292,849
12,155,205
13, 397, 571
14,843,219
16, 704, 829
$1,736, 984. 89
2, 827, 368.07
2, 955, 577.65,
3, 534, 480.53
7, 350, 710.68
5,891, 204.95
7, 341, 470. 84
7, 665, 760.19
8.982, 239.07
9, 634, 034.48
8,352, 042.21
10,159, 49L41
' 9,439, 46L25
$5, 532,283.95
5, 626,541.22
6,261, 437. 76
7,139, 637.34
7, 029,306. 77
8,103, 228.02
6, 860,505.97
7,079, 667.36
: 6,478,642.22
6,143, 903.02
6,323, 132.31
6,009, 83443
6, 031,804.52
1879—January 31 . . .
February 2 8 . . .
March 31
April 30
May 31
J u u e 30
July 31 . . . . . . .
August 31
September 30.
October 31
November 30..
December 3 1 . .
17,874,457
19, 505,767
21, 558, 894
23, 694,563
26,181,045
28,147,351
29,151, 801
30,678,464
31, 559,870
32,322, 634
32, 839,207
33,168, 064
10,347, 889.50
9, 837, 402.62
8, 688, 260.74
6,949, 046.43
5, 672, 655.55
5,092, 565.91
5,112, 223.82
4,904, 611.89
4, 557, 504.31
3,537, 224.31
4, 323, 097.69
4,492, 4 2 L 1 9
6,143, 449.13
6,278,490.66
6,428, 185.06
6,621,940.39
6, 813,589.32
8,903,401.36
12, 731,765.97
15, 236,724.48
16, 814,308.94
17, 755,986.76
18,432, 478.13
18, 881,629.15
34, 365,795.6S
35,621, 660.2§
36, 675,339. 8®
37, 265,549.82
38, 667,289.87
42,143, 318.27
46,995, 790.7S
50,819, 800.37
52, 931,683.25
53, 615,845.07
55, 594,782.82
56, 542,114 34
1880—January 31 . . .
February 2 8 . . .
March 31^.
April 30
May 31
JuneSO..
July 31
August 31
September 30 .
October 31
November 30 ,
December 3 1 . .
34,961,611
36,972,093
38,780,342
40,411, 673
42,778,190
44,425,315
46,192, 791
47,495,063
47,654,675
47,084,459
47,397,453
48,190,518
4, 888, 035.97
4,525, 306.25
4,086, 839.58
5,007, 331.04
4,853, 587.99
5,124, 536.42
6, 081, 647.91
6,380, 258.46
5, 557, 759.74
6,043, 367.37
6,255, 389.81
6, IttS, 224.05
20,204, 809.83
21,179, 312.32
21,989, 814.48
22, 767,672. 95
23,577, 091.99
24, 350,481.80
24, 975,713.52
25,152, 971.89
24, ?99,925.40
24,629. 489.89
24,653, 530.37
24, 769,057.32
60,054,456.8®
62,676, 711.57
64, 856,996.06
68,186, 676.9S)
71,208, 869.98
73, 900,333.22
77, 250,152.4S
79, 028,293.35
78, 012,360.14
77,757, 316.26
78,306, 373.18
' 79,142,799. 37
1881- - January 31 . . .
February 2 8 . . .
March 31
April 30..
May31
JuneSO
J u l y 31
August 31
September 30 .
October 31
November 30 .
December 3 1 . .
50,235,102
52,939,460
55,176,358
58, 044,-826
60,518,273
62, 544, 722
64,246,302
65, 948,344
66, 092, 667
66, 576, 378
68, 017,452
69, 5fc9,937
6, 704,197.36
5, 356,308.00
4,017,770.08
3,863,582.74
3,457,192.85
3, 309,949.10
2,962,277.52
2, 732, 862.69
2, 632,184.67
3,424, 575.15
3,088,709.63
3, 607, 829.86
25,490, 914.88
25, 813,058.08
26, 283, 891.96
26,493, 612.56
26, 841,956. 74
27, 247,696.93
27,295,486.63
27, 042,806.63
26, 313,113.63
25, 984, 687. 76
25,918,252.00
25,963,64L48
82,430, 214.24
84,108, 826.08
85,477, 820.04
88,402, 021.30
90, 817,422.6®.
93,102, 368.03
94, 504066.15
95, 724,013.33
95, 037,905.30
95, 985,640.91
97, 024,413.63
99,161 408.34
1882—January 31 . = o
' February28.o=
March 31
April 30
May 31
JuneSO
July 31
August 31
loeptember 30 .
October 31
November 30 .
December 3 1 . .
72,421, 584
75,138, 957
78,178, 583
83,595,056
84,606, 043
87,153, 816
88, 840,899
91,366,240
92, 228,649
92,414,977
92, 940,582
94, 016, 842
3, 258,926.18
2,806, 143.12
4,440, 061.97
3, 239,033.43
3, 793,664.11
3, 230,908.36
2, 816,269.83
2, 730,716.27
3, 343,565.26
4, 012,503.27
3, 769,219.77
4,468, 193.10
26, 567, 873.37
26, 869, 906.26
27,187,680.67
27,439,183.93
27, 755, 923.33
28, 048, 630. 58
28,153, 956.16
27, 990,387. 75
27,426,139.93
26,749,432.45
• 26,544,544 43
26,521,692.20
102, 248,383.55
104,815, 006.38
109, 806,925. 64
112, 273,273.36
116,155, 630.44
3.18,433, 354.94
119, 811,124.9©
121, 887,353.02
122, 998,354.19
123,176, 912.72
123,254, 346.29
125, 006,727.3®
1883—January 31 .,
• February 28.
March 31 . . . .
April 30
May 31
,
J u n e 30
,
97, 530,969
' 100,263,444
103,482, 305
100,366, 348
108, 898, 977
111, 914, 039
3, 761, 958.12
3, 974,114.04
3,943,467.30
3,47.8, 750.15
4,157, 217. 76
4, 482, 216.29
* See diagram.
$7,260, 268.84
8,453, 909.2§i
9, 217,015.41
11,484, 678.87
17, 549,693.4i
19,944, 883.97
21, 920,933.81
24, 295,663.5§~ ,
26, 753,730.2S
27, 933,142.50
28,072, 745.52
31, 012,544.84
32,176, 094.77
27,135, 244.74
128,428,17L8@
27, 507, 275. 78 ] 131,742,833.82
27,865,993.79 "
135,291,766.03)
28,068, 628. 88
137, i43, 727.03
141,359,390.9@
28, 303,196. 20
144,882,236.34
23,486,001.05
LXXXVIII
REPORT
OF T H E SECRETARY
OF T H E TREASURY.
TABLE. J . — S T A T E M E N T OF T H E STANDARD S I L V E R DOLLARS, S I L V E R BULLION, AND
SUBSIDIARY S I L V E R C O I N , ETC.—Contiuued.
Standard silver
dollars.
1883—July 31
, A u g u s t 31 . . . . . .
S e p t e m b e r 29
O c t o b e r 31
November 30..-.
D e c e m b e r 31 —
S u b s i d i a r y silv e r coiu.
Total.
0.57,
320,
.587
036,
768,
449,
486,
694
107,
936,
624,
534
638
559.
911.
364.
279.
372.
23
45
29
86
34
93
$28 058,141.67
27, 819, 711. 70
26,750,161.33
26, 712, 424 15
26, 969, 614.40
27, 224,126. 33
$145,601,831.90'
146,834,468.15
146, 445, 444 42
147, 685, 239. 01
149, 362, 859. 74
.151,207,884 26
1884—January 3 1 . . ' . . . .
F e b r u a r y 29
March si
A p r i l 30
M a y 31
J u n e 30
JulySl
A u g u s t 30
'
S e p t e m b e r 30
O c t o b e r 31
N o v e m b e r 29
D e c e m b e r 31
123, 474
126, 822;
129, 066,
130, 3 U,
132, 626,
335,560,
137, 692,
140, 615,
142, 058,
142, 926,
144, 745,
146, 502,
674,
919,
043,
150,
623,
055,
003,
723,
934,
646,
778,
716,
432. 92
912.85
824 61
842. 97
15'8.03
498. 27
609. 95
420.00
404 83
496. 80
818 90
055. S3
28, 014, 4 1 4 7 6
28, 490, 906.91
28, 866, 556. 33
29, 358, 480. 47
.29, 377, 206. 41
29, 600, 720.05
29, 797, 485. 76
29, 659, 003. 38
29, 474, 100. 89
29, 346, 757. 24
29,143, 283. 48
29,194, 355. 52
156.163, 595.68
160, 233, 218.76
162, 916, 481. 94
164, 623, 388. 44
166, 627, 117.44
169,217, 134 32
172, 093, 214. 71
174, 998, 145, 38
176, 467, 352, 75
176,919, 979,13
178, 667, 207. 38
180, 413, 275. 85
3885—January 31
F e b r u a r y 28
' M a r c h 31
A p r i l 30
M a y 29
J u n e 30
J u l y 31
AugustSO
S e p t e m b e r 30 . . .
O c t o b e r 31
N o v e m b e r 30
December 3 1 . . : .
, 150,632,
.153; 561
156, 698,
159, 441,
162, 244:
165, 413,
166, 499,
166, 854,
165, 483,
163,817,
165, 568,
165, 718,
613,
991,
887,
042,
098,
038,
944,
766,
916,
840,
583,
797,
582. 23
129. 93
493. 52
186. 86
143. 86
885. 52
837. 32
196.12
122.84
536. 45
956. 42
040. 84
29, 901, 104. 54
30,244, 836.12
30. 632, 326. 20
30, 944, 048. 81
31, 694 364,80
31, 236, 899. 49
25, 355, 020. 23
24, 724, 287. 43
23, 641, 893. 79
22, 965, 535. 70
27, 920, 309. 44
^27, 796, 430. 88
185,146, 840. 77
187, 796, 973. 05
191,218, 301. 72
194 427; 269. 67
198, 037, 363. 66
200, 688, 897. 01
195, 799, 805. 55
195, 344, 698.55
193,041, 737.63
190, 623, 414 15
197, 072, 283. 86
197,311, 66L 72
2886 - J a n u a r y 3 0 . . . . . .
F e b r u a r y 27 . . . .
M a r c h 31
AprilSO
May29
June 30...:
JulySl
A u g u s t S l . '.
S e p t e m b e r 30 . . .
October 3 0 . . . s . .
N o v e m b e r 30
D e c e m b e r 31
169, 083,
171,805,
174, 700,
175, 928.
178, 252,
181, 253,
181, 523,
181, 769,
181,262,
'382,931,
384,911
.188, 506,
658,
612,
271,
556,
947,
092,
786,
268,
758,
807,
091,
739,
783. 44
963. 08
104 42
522. 03
761.61
198.45
069. 56
940. 39
393. 89
948.52
383.17
376. 81
29, 013, 993. 71
28, 811, 037. 49
28, 822, 637. 63
28, 864, 482. 89
28,912, 277,14
28, 904, 681.66
28,581, 624. 69
27, 956, 991. 95
26, 899, 745, 20
26, 300, 335. 88
25, 808, 067. 32
25, 660, 935. 44
201, 756, 162.15
203, 229, 91L57
205, 794, 727. 05
207,349, 506,92
209,112, 083. 75
213, 250, 446.11
213, 894, 618.25
212, 995, 389. 34
211,920. 732. 09
213,039, 515.40
214,811, 388,49
218,906, 550. 25
2887—January 31
F e b r u a r y 28
M a r c h 31
AprilSO
MaySl
J u n e 30
J u l y 30
AugustSl
S e p t e m b e r 30 . . .
O c t o b e r 31
N o v e m b e r 30
D e c e m b e r 31 —
193,963,
198,112,
201, 672,
205, 788,
209, 052,
211,483,
211, 528,
213,212,
213, 043,
214175,
215,882,
218,917
877,
700,
779,
171,
248,
982,
092,
024,
910,
721,
026,
232,
039.10
182. 85
858. 28
926.35
351. 93
472.43
35.5. 94
420.16
872. 64
996.19
770. 01
636, 66
26, 323, 524.61
26, 482, 472. 31
26, 601, 613. 74
26. 891, 076. 57
27, 064, 742. 87
26, 977, 493. 79
26,691, 105. 74
26,148, 531.34
24,984, 219.17
24, 468, 13.5.17
2 4 158, 003. 77
24, 327, 528. 62
225.164, 346. 71
229, 295, 415.16
233, 053. 844,02
236, 85i; 824. 92
239, 365, 661. 80
242, 443, 936. 22
243,312, 352. 68
244, 385, 399. 50
242, 938, 887. 81
243, 365, 663. 36
244, 067, 216, 78
246, 477, 704, 28
3888—Januarv 31
F e b r u a r y 29
M a r c h Sl
AprilSO
MaySl
J u n e 30
:..
JulySl .........
•AugustSl
S e p t e m b e r 30 . . .
O c t o b e r 31
22.3, 918, .380
227, 947, 493
232, 037, 274
236,156, 394
210,587,970
243, 879, 487
245, 798, 765
247, 859, 402
248, 791,.534
249, 979, 440
559, 522. 81
656, 130.37
375, 953. 09
324, 419.45
802, 01-8.13
142, 731. 54
579, 760. 25
572, 910.18
4.281, 730.17
4 369, 971.76
25, 03,9, 973. 04
25, 355, 431. 80
2.5, 566, 279. 65
25, 750, 228, 33
25. 878, 872, 04
26, 051, 741.19
26,- 034, 462,25
25, 746, 758. 95
24,738, 695. 68
24, 088, 768.91
'252,497, 875, 85'
256, 959, 055.17
260, 979, 506, 74
205, 231, 041. 78
269, 268, 860.17
274, 073, 959. 73
276, 412, 987. 50
278,179, 071.33
277,811, 959. 85
278, 438. 180. 67
$113,
114
IU,
116.
117,
119,
Silver bullion.
T A B L E K . — S T A T E M E N T SHOWING T H E A N N U A L A P P R O P R I A T I O N S MADE B Y CONGRESS F O R E A C H F I S C A L Y E A R F R O M 1880 TO 1889,
2d session
^ 1st session
2d session
iBt session
2d session
2d session
3d session
1st session
46tb C o n g r e s s . 46th C o n g r e s s , 47th Congiess,' 47th C o n g j c s s . 48ih C o n g r e s s , 48th C o n g r e s s . 49th C o n g r e s s , 49th C o n g r e s s
Fiscal year
Fiscal year
Fiscal year
Fiscal year
Fiscal year
F i s c a l :^ear
Fiscal vear
Fiscal year
1887,
1888.
1886":
1885.
1884,
18i^3.
1881,
1882.
T o s u p p l y deficiencies for
t h e s e r v i c e of t h e v a i i o u s
b r a n c h e s of t h e G o v e r n ment
$6,118, 085.10
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
16, 532, 008. 93
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
22, 503, 508.23
F o r s u p p o r t of t h e A r m y . . 26, 425, 800. 00
F o r the naval service
14, 405, 797. 70
For t h e Indian service
4, 657, 262.72
F o r rivers a n d harbors
8, 976, 500. 00
F o r forts a n d fortifications.
550, 000.00
F o r s u p p o r t of M i l i t a r y
Academy
l!.
316, 234 28
F o r s e r v i c e of Post-Office
Department
3, 883, 420. 00
F o r invalid and other pensions, i n c l u d i n g deficiencies
41, 644, 000.00
F o r consular and diplomatic
service
1,180, 335. 00
F o r s e r v i c e of A g r i c u l t u r a l
Department
253, 300. 00
F o r e x p e u s e s of t h e Dist r i c t of C o l u m b i a
3, 425, 257. 35
F o r miscellaneous
#4,959,332.01
Totals.
$5,110, 862. 39
$9, 853, 869. 30
$2,.832, 680. 04
*$3, 332, 717.30
$137,000. 00
20, 809, 781. 46
-20, 772, 720. 67
20, 924, 492. 42
22,
23,
16,
5,
14;
22,
23,
25,
5,
369, 840. 96
724, 718.69
786, 847. 79
234, 397, 66
26, 316, 529. 85
24, 474 710. 97
19, 938, 281.05
5,403,330,51
22, 39"^, 616. 90
3,972,000.00
419, 930. 93
315,043.81
17, 797, 397. 61
20, 322, 907. 65
20, 763, 842. 55
21,5.56,901.65
21, 495, 660. 70
25, 425, 479. 45
27,032,099.38
14, 903, 558. 98
5, 219, 603. 91
18, 988, 875.00
375, 000. 00
23, 713, 404 22
2 4 681, 250, 00
15, 954, 247.23
5, 388, 655.91
25, 961, 904.12
2 4 034 052.50
121,280,766.93
5, 773, 328. 56
670, 000. 00
22, 346, 749.74
24, 454, 450. 00
t 8 , 933, 856.12
5, 903,151. 26
14, 948. 300. 00
700, 000. 00
725,000. 00
650, 658. 49
753, 057. 21
489. 556. 72
561, 262, 84
464, 900, 00
59, 876. 69
335,557.04
318, 657. 50
314, 563. 50
309, 902.14
297, 805. 00
322,435. 37
•
2,152, 358. 00
1,902,177.90
68, 282, 306, 68
1,191, 435. 00
Indefinite
1st session
50th C o n g r e s s ,
Fiscal year
1889.
$13, 572, 882, 61
22, Oil, 222. 87
26, 687, 800. 00
1 4 566, 037. 55
4, 587, 866. 80
11,451,300.00
575, 000. 00
Indefinite
Indefinitie.....
$21,190, 995. 61 -
a
>'
PO
o
Indefinite.
Indefinite
Indefinite
116. 000, 000, 00
§86, 575, 000. 00
1120,810,000,00
60, 000, 000.00
76, 075, 200, 00
83,152. 500. 00
81, 758, 700. 00
1, 25S, 655. 00
1, 296, 255. 00
1, 225,140. 00
1, 242, 925. 00
1, 364, 065, 00
1, 429, 942. 44
1, 428, 465. 00
o
Ul
PO
335, 500. 00
427, 280. Ob
405, 640, 00
480,190.00
580, 790. 00
654,715.00
1, 028, 730. 00
1,715,826.14
3, 379, 571. 44
1,128, 006.15
3,496,060.47
5, 888, 993. 69
3, 505, 494 97
;i, 806,438. 75
3, .594, 255. 54
7,800, 003. 86
3, 622, 683. 20
2, 268, 383,15
3, 721, 050. 99
10,184, 570. 90
4 284, 590. 66
4,694, 635. 33
5, 056, 678. 98
10,129, 501. 65
155, 830, S41. 32 I 179, 578, 999. 86
251,428,117.57
387, 911, .566.17
170, 608,113.00 2\ 209, 659, 382. 91
193,035,861.13
* N o t i n c l u d i n g $6,150,061,98 a p p r o p r i a t e d f o r t h e n a v a l s e r v i c e for s i x m o n t h s
e n d i n g J u n e 30, 1885.
t F o r s i x m o n t h s e n d i n g D e c e m b e r 31, 1884.
'.
$4, 385, 836.10
INCLUSIVE.
337,451,397.77
H
245,020,172.89
j I n c l u d e s $6,150,061.98 for s i x m o n t h s e n d i n g J u n e 30, 3885.
^ A n d r e a p p r o p r i a t i o n of u n e x p e n d e d b a l a n c e s , e s t i m a t e d a t $38,000,000.
y A n d r e a p p r o p r i a t i o n of u n e x p e n d e d b a l a n c e s , e s t i m a t e d a t $66,000,000,
X
X
X
XC
REPORT .OF T H E SECRETARY OF T H E TREASURY.
TABLE L.—STATEMENT OF T H E N E T R E C E I P T S ( B Y WARRANTS) DURING THE F I S C A L
YEAR ENDED J U N E 30, 1888.
Customs:
3
'
Quarter ended September 30, 1887
$62,588,115.92
Quarter ended December 31, 1887
49,433,018.08
Quarter ended March 31, 3888.
56, 217, 548,18
Quarter ended June 30, 1888
:
50, 852,491.45
$219,091,173.63
Jnternal revenue:
.,
Quarter ended September SO, 1887 .:
Quarter ended December 31,3887
Quarter ended March 31, 1888
Quarter ended JuneSO, 1888
Sales of publiclands:
Quarter ended September 30, 1887
Quarter ended December 31,1887
Quarter ended March 31, 3888
Quarter ended June 30, 1888
Tax on circulation
Quarter ended
Quarter ended
Quarter ended
Quarter ended
of national banks:
September SO, 1887...:
December 31,1887
March 31, 1888 :
June 30, 1888
:
.
•
31,422,039.49
31,049,183.89
27,426,159.13
. 34,399,489.47
11, 202, 017. 23
..;
932,411.69
8,901.21
818,567.27
8, 686.68
3,748,566,85
Repayment of interest by Pacific railroads:
Quarter ended September 30, 1887
'
Quarter ended December 31,1887
'Quarter ended March 31, 1888
Quarter ended June 30,1888
168,542, 55
137,690.88
155,006.14
220,457.38
Customs fees, fines, penalties, and forfeitures:
Quarter ended September 30,1887
Quarter ended December 31,1887
•
Quarter ended March 31, 1888
Quarter ended June 30,1888
273, 201.10
196,131.21
224,341.87
403,774 02
681, 696, 95
1, 097.448.20
Fees^consular, letters patent, and kmds:
Quarter ended September 30, 1887
Quarter ended December 31,1887
Quarter ended March 31,1888
Quarterended June 30,1888..
1, 007,660,36
705, 704. 65
825,71439
894,369.59
3,433, 448. 99
Proceeds of sales of Government property:
Quarterended September 30, 1887
> Quarterended December 31,1887
Quarterended March 31, 1888
Quarter ended June 30, 1888
84 926.87
100,773.48
124,255.06
55,921.85
365, 877.26
Profits on coinage:
. Quarterended September 30, 1887
Quarter ended December 31, 1887
Quarterended March 31, 1888
Quarter ended June 30, 1888
:
...
1,113,855.90
2, 644,382. 29
2,508,477.09
3,121,119.20
9, 387, 634 48
Revenues of District of Columbia:
Quarterended September 30, 1887
Quarterended December 31, 1887
Quarter ended March 31, 1888.
,' Quarter ended June 30, 1888
356.400.11
1,359,160.28
129,237.99
805,.55L93
^fiscellaneous:
Quarter ended September 30,1887
Quarter ended Deceraber 31, 1887
Quarterended March 31, 1888
Quarter ended June 30, 1888... '.
^
Total ordinary receipts, exclusive of loans
Heceipts from loans, certificates, aud notes
1,780,353,60
1,059,408.36
761,004 83
1,710,222,09
Totalreceipts
Balance in Treasury tftine 30,1887
Grand total
124,296,871.98
2, 620, 890. 23
3,419, 226.10 .
2,436,566.36
2, 725, 334 54
2,650,350.31
5,310,988.88
379, 266,074, 76
285, 016, 650.00
664,282,724 76
512,851,43436
,
.'
,
1,177,134,159.12
NET
DISBURSEMENTS, 1888.
'
XCl
T A B L E M.—STATEMENT OF T H E N E T DISBURSEMENTS CBY WARRANTS) DURING T H E
FISCAL YEAR ENDED J U N K 30, 1888.
CIVIL.
Congress..:
Executive
Judiciary
1
'.
Government in the Territories
Sub-treasuries
Public land offices
Mints and assay offices . . .
$5,892,115.81
10,883,470,35,
4, 581, 828.63
281,176. 55
364, 818.4^
62.3.312.22
^ 225,612.01
,
Total civil
$22,852,334 03.
I
FOREIGN INTERCOURSE.
Diplomatic salaries
Consular salaries
Contingent expenses of foreign missions
Contingencies of consulates
Publication of consular and commercial reports
Judgments Court of Alabama Claims
Spanish indemnity
Belief, protection, and rescuing shipwrecked American seamen
International exhibitions
Emergencies arising in the diplomatic and consular service
Miscellaneous i t e m s . . . .
^»
311,195, 56
458,404 88
65, 336, 53
156, 876. 36
14, 605. 69
248,998. 6^
28,181.7(!
32,151. ll
63, 500. 00
25, 227.12
188,983,7(1
Total foreign intercourse
.
\, 598, 461.40
MISCELLANEOUS.
Mint establishment
Life-saving service
Revenue-cutter service
Steamboat-inspection service
Engraving and printing
Coast and Geodetic Survey
Light-house establishment
Marine-hospital establishment
Custom-houses, court-houses, post-offices, etc
Pay of assistant custodians and janitors for public buildings
Fuel, lights, and water for public buildings
Furniture and heating apparatus for public buildings
Vaults, safes, locks, and plans for public buildings
Refunds, reliefs, etc., under customs laws
Collecting revenue from customs:
For the year 1888
$6, 481, 599.57
For prior years
674, 588. 20
Detection and prevention of frauds upon the customs
revenue
20,133.17
1,062,500.76
978,494. 85
885,233.25
268, 826.27
957, 768. 37
487, 428.13
2, 566, 733, 51
529,627.43 .
3,565, 028. 72
402,000. 00
665,716,83
304, 617. 04
44, 735. 92
17,144.16
7,176, 320. 94
Refunding excess of deposits, etc
4,505,404.83
Debentures and drawbacks under customs laws
3, 341, 916,79
Compensation in lieu of moieties
.'
13,264, 36
Expenses of regulating immigration
159, 836,10
Salaries, shipping service
54,370,14
Services to American vessels
23,405, 51
Expenses, seal fisheries in Alaska
SO, 184.52
Assessing and collecting internal revenue
3, 626, 038,91
Paper for internal-revenue stamps
43, 038, 67
Redemption of internal-revenue stamps
25, 998, 26
Punishing violations of internal-revenue laws
24,456.96
Ref\inds, reliefs, e t c , under internal-revenue laws
34, 060. 31
Allowance or drawback under internal-revenue laws".
55,698.25
Payment of judgments. Court of Clairas
701, 040, 30
' Preventing the spread of epidemic diseases
56,158.24
Expenses of national currency
3, 462. 81
Distinctive paper for United States securities.
44, 609. 97
Suppressing counterfeiting and other crimes
59, 960, 79
Transportation and storage of silver coin
57,375,23
Propagation, etc., food
fishes..
253, 370.65
Expenses under Smithsonian Institution
93, 297,49
Contingent expenses, independent treasury
83, 856. 31
Sinking funds. Pacific railroads
„. ' 1,331,641.25
Mail transportation. Pacific railroads
1,208, 244. 51
Centennial Exposition, Ohio valley
147, 750. 00 '
International Medical Congress
,
10, 000. 00
District of Columbia:
Expenses, 50 per cent, payable by the United States. $3, 983, 377.28
Water department, payable from the water fund
210, 248. 38
Special trust lunds
84,487.82
4,278,113.48
^
XCII
R E P O R T OF T H E SECRETARY O F T H E TREASURY.
TABLE M . - -STATEMENT OF T H E N E T DISBURSEMENTS ( B Y WARRANTS) DURING THE,
FISCAL YEAR E N D E D J U N E 30, 1888—Continued.'
MISCELLANEOUS—Continued.
Buildings and grounds in Washington under Chief Engineer
State, "War, aud Navy Department building
Furniture, fuel, light, etc.. State, War, and Navy Department building.
Completion of Washington Monurnent
Various monuments and statues
:..
Support and treatment of transient paupers
Increasing water-supply, Washington, D . C
1
Army Medical Museum and Library
Department of Agriculture
,
Deficiency in the postal revenues
Capitol building and grounds
Building for Library of Congress
Interior Department building
Pension Office building
Government Hospita;! for the Insane
Columbia Institution for the Deaf and Dumb
,
Freedmen's Hospital and Asylum
Howard University
^
National Museum
Surveying public and private lands
Contingent expenses land offices
:
Geological Survey
....'.
Hot Springs Reservation. Arkansas
Deposits by individuals for surveying public lands
Repayment for lands erroneously sold
*
Swamp lands and swamp-land indemnity
Depredations on public timber
Protecting public lands
Five, two, and three per cent, funds to States
Photolithogi-apbing for the Patent Office
,
Official Gazette, Patent Office
Miscellaneous items
$153, 917. 64
239, 275.04
84,146.62
64,431.39
^ 24,482.36
' 16,833.26
283,279. 51
142, 544. 55
1, 434. 373. 90
3, 056, 037.13
338,153.14
112, 751. 63
5, 780. 00
52, 609. 05
271, 251. 96
57, 500. 00
50, 543.16
24, 500. 00
3 62, 421. 86
137,194.14
346, 556. 60
463,459.59
7, 500. 00
91,135. 95
58, 368. 69
49,503.41
86, 3.59. 59
107, 485.38
2.58, 401,80
79, 509. 57
41,869.00
245, 758. 63
Total miscellaneous
,
$48, 5t 6, 465. 37
INTERIOR DEPARTMENT.
Indians
. Pensions
•Total Interior Department
6, 249, 307. 87
80,288,508.77
*.
, 537, 816. 64
MILITARY ESTABLISHMENT.
Pay department
Pay department, bounty and miscellaneous
Commissary Department
Quartermaster's Department
Building for cavalry and artillery school. Fort Riley, Kans
Purchase and repair of building at New York for Quartermaster's Department
Medical department
:
Ordnance department
Armories and arsenals
Military Academy
:
Improving rivers' and harbors
Fortifications
Construction of military posts, roads, etc
National cemeteries, roads, etc
Damages by improvement of Fox and Wisconsin Rivers
Expenses of recruiting
Contingencies of the Army
Signal Service
.,
Expenses of military convicts
'.
"..
Publication of official records of the war of the rebellion
, Support of the National Home for Disabled Volunteer Soldiers
Support of Soldiers' Home
Soldiers' Home permanent fund and interest account
Support of military prison. Fort Leavenworth, Kans
Army and Navy Hospital, Hot Springs, Ark
Yellowstone National Park
, Claims, re-imburseraents, reliefs, etc
Miscellaneous items
Total military establishment
12, 368, 021,13
l, 199, 562, 85
1, 523, 940. 58
8,151, 703. 34
197, 500. 00
92, 823. 00
374,115. 76
1,192, 805. 60
233, 751.05
97, 814 76
7, 004, 348. 29
134, 760. 52
346, 391.98
227,183. 35
Ill, 746.12
101,167.50
11, 632,19
755,946.71
5, 378.02
48,287.19
1,969, 056.00
374, 014. 54
321, 804. 84
85. 777,49
17, 493, 35
20, 000, 00
1, 531, 505. 79
23, 812.16
,.
38, 522, 436.11
NET R E C E I P T S AND DISBURSEMENTS, 1888.
XCIII
T A B L E M.—STATEMENT O F T H E N E T DISBURSEMENTS ( B Y W^ARRANTS) D U R I N G ' T H E
FISCAL YEAR ENDED J U N E 30, 1888—Continued.
NAYAL ESTABLISHMENT.
Pav and contingencies of the Navy
Marine Corps
-.
^
,.
'
IS aval Acade.ray
Navigation . . . . .
....
Ordnance
,
Equipment and recruiting
.^
Yards and docks
.,
Medicine aud surgery
Provisions and clothing
Construction and repair
:
Steam engineering
Increase of the Navy
,
Extra pay to officers and men who served in the Mexican war (Navy).
Mileage, "Navy (Graham decision)
'.
Misceiianeous items
,.
$7, 334, 865.11
870, 595.57
180, 650. 41
132, 624 26
275,779.39
656,930.12
1, 239, 965. 25
182, 911. 65
1, 464, 270. 07
969, 579. 40
681,025.68
3,318,290,04
5, 781, 51
29,179. 99
33,292.74
Less repayments on account of advances
17, 35.5, 74L 19
429, 303. 54
Total naval establishment
Interest on the public debt
Premium on purchase of bonds
$16,926,437.65
44, 715, 007.47
8, 270, 842.46
'.
Total net ordinary expenditures
Redemption ofthe public debt
;
267, 924, 801,13
249,760,258,05
Total expenditures
Balance iu Treasui y J une 30,1888
517,685,059.18
659, 449, 099. 94
Grand total
.-
1,177,334,159.12
T A B L E N . — S T A T E M E N T OF.THE N E T R E C E I P T S AND DISBURSEMENTS ( B Y WARRANTS)
FOR TtiPj Q U A R T E R E N D E D S E P T E M B E R 30, 1888.
RECEIPTS.
Customs
:
Internal revenue
Sales of public lands
.'
Tax on national ban ks
Repayment of interest by Pacific railroads
Customs, fees, flnes, penalties, and forfeitures
Fees—consular, letters patent, and lands
Proceeds of sales of Government property
Profits on coinage, etc
1
Miscellaneous
,
,.
'
:
Total net ordinary receipts
Issues ofpublic debt in excess ofredemptions
Balance in the Treasury June SO, 1888
,
'
$61, 404, 839. 24
31, 242, 005. 47
2, 236,197. 58
.<^....
780, 500. 89
149, 720. 26
218, 686.14
• 637, 540.12
134, 334.10
1, 429, 521..13
1, 729,110. 01
99, 962, 454. 94
18, 331, 450. 00
659,449, 099.94
)
Total
777,743,004 88
DISBURSEMENTS.
Customs
Internal revenue
Diplomatic
Treasury
Judiciary...;
Interior civil
'.
Total civil arj d miscellaneous
Indians
Pensions
Military establishment
Naval establishment
Interest on the public debt
Premium on bonds purchased
•
.,
'
,
19. 067,332. 22
1, 696.496.37
24, 919, 467.88
9, 253,164. 53
, 4, 577, 544. 08
11,813, 658.11
6, 539, 936. 72
,
'
Total net ordinary expenditures
Redetnption ofpublic debt in excess of issues
Balancein the Treasury September 30, 1888
Total
,
$4,840,461.43
* 923, 097. 22
275, 666.17
10, 361, 736, 05
901, 980, 57
1, 764, 390. 78
-
77. 867, 599,91
33,025, 933.35
666.849,471.62
777,743,004 88
XCIV
REPORT OF T H E
SECRETARY OF THE
TREASURY.
T A B L E 0.—STATEMENT OF R E C E I P T S OF THE U N I T E D STATES FROM MARCH 4, 1789,
30) FROM
Balance in
the Treasury at
commencement of year.
1791
1792
1793
1794
1795
1796
1797
1798
1799
1800
1801
1802
1803
1804
1805
1806
3807
1808
1809
1830
1811
1812
1833
1814
1815
1816
1817
1818
1819
1820
1821
1822
1823
1824
1825
1826
3827
1828
1829
1830
3831
1832
1833
1834
1835
3836
1837
1838
1839
1840
1841
1842
1843*1
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
'1861
1862
1863
1864
1865
$973, 905. 75
783, 444 51
753, 661.69
1,151, 914 37
516, 442. 61
888, 995.42
1, 021, 899.04
617, 45L4S
2,161, 867.77
2, 623, 3 n . 9 9
3,295, 391.00
5, 020, 697.64
4,825, 81L60
4, 037, 005. 26
3, 999, 388.99
4, 538, 123.80
9, 643, 850, 07
9, 941, 809.96
3,848, 056.78
2, 670, 276.57
3, 502, 305.80
3,862, 217.41
5, 196, 542.00
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, 46L21
1,681, 592.24
4,237, 427.55
9,463, 922.81
1, 946, 597.13
5,201, 650.43
6, 358, 686.18
6, 668, 286.10
5, 972, 435.81
5,755, 704 79
6,014, 539.75
4 502, 914 45J
2, Oil, 777.55
11,702, 905.31
8,892, 858.42
26,749, 803.96
46,708, 436.00
37,327, 252.69
36,891, 196.94
33,-357, 503. 68
29,963, 163.46
28, 685, 111, 08
30, 521, 979.44
39,186,. 2 8 4 7 4
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, 672.13
49,108, 229.80^1
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
Customs.
$4 399 473.09
3 443, 070, 85
4 255 306. 56
4 801, 065.28
5,588 461. 26
6,567, 987.94
7,549, 649.65
7,106, 061.93
6,610, 449.31
9,0?0, 932.73
10 750, 778.93
12 438, 235.74
30,479, 417.61
11, 098, 565.33
12,936, 487.04
14 667, 698.17
15, 845, 521.61
16, 363, 550.58
7,257, 506.62
8,583, 309.31
13, 313, 222.73
8,958, 777. 53
13. 224, 623. 25
5,998, 772.08
7,282, 942.22
36, 306, 874.88
26,283, 348.19
17, 176, 385.00
20, 283, 608.76
15, 005, 612.15
13, 004, 447.15
17, 589, 761.94
19, 088, 433.44
17,878, 325.71
20, 098, 713.45
23, 341, 331.77
19, 712, 283.29
23, 205, 523.64
22, 681, 965.91
21, 922, 39L 39
24, 224, 441.77
28,465, 237.24
29, 032, 508.91
16, 214, 957.15
19, 391, 310.59
23. 409, 940.53
11, 169 290.39
16, 158 800.36
23 137, 924.81
13,499, 502.17
14 487, 216.74
18 187, 908.76
7,046, 843.91
26, 183, 570.94
27, 528, 112.70
26 712 667.87
23 747, 864.66
31, 757, 070. 96
28,346, 738.82
39, 668, 686.42
49, 017, 567.92
-47, 339, 326.62
58,931, 865.52
64, 224, 190.27
53, 025, 794 21
64, 022, 863.50
63, 875, 905.05
789, 620.96
' 41,
49, 565, 824.38
53, 187, 531.87
39, 582, 125.64
49, 056, 397.62
69, 059, 642.40
102, 316, 152.99
84, 928, 260.60
Internalrevenue.
942.81
337, 705.70
274 089, 62
337, 7.55.36
475, 289.60
575, 491.45
644, 357.95
779, 136.44
809, 396.55
1, 048,033.43
621, 898,89
215, 179.69
50, 941.29
21, 747.15
IOL 45
20, 051.40
13, 190.23
8, 034.29
4, 430.63
7, 295.95
2,
4, 903.06
4, 755.04
1, 662,984.82
4, 678,059.07
5,124, 708.31
2, 678,100.77
955, 270.20
229, 593.63
106, 2G0.53
69, 027.63
67, 665.71
34, 242.17
34, 663.37
25, 771.35
21, 589.93
19, 885.68
17, 451.54
14, 502.74
12, 160.62
6, 933.51
11, 630.65
2, 759.00
4; 196.09
10, 459.48
370.00
5, 493.84
467.27
2,
2, 553.32
1, 682.25
3, 261.36
495.00
103.25
777.34
517.12
897. 26
375.00
375.00
Direct tax.
$734, 233.97
534, 343.38
206, 565.44
71, 879,20
50, 198.44
21, 882.91
55, 763.86
34, 732,56
19, 159.21
7, 517.31
12, 448.68
7, 666.66
859.22
3, 805.52
2, 219,497.36
2,162, 673.41
4, 253,635.09
1, 824,187.04
264, 333.36
83, 650.78
31, 586.82
29, 349.05
20, 961.56
• 10,337.71
6, 201.96
2, 330.85
'
6,638.76
2, 626.90
2, 218.81
11, 335.05
16, 080. 59
10, 506.01
6, 791.13
394 12
19.80
263.33
728.79
687.70
755.22
1,795, 331.73
37, 640, 787.95 1,485,103.61
109,741,13410
475, 648.96
209,464,215.25 1,200,573.03
Public lands.
Miscellaneous.
$10, 478. 10
9 918. 65
2i: 410. 88
53, 277. 97
28, 317. 97
$4, 836.13
1,169, 415. 98
'83,540,60
399, 139. 29
11, 963,11
58, 192. 81
86, 187. 56
443.75
152, 712. 10
167, 726.06
345, 649. 15
188, 628.02
1, 500,505. 86
165, 675.69
131, 945. 44
• 487,
526.79
139, 075. 53
540, 193.80
40, 382. 30
765, 245.73
51, 121. 86
466, 163.27
88, 550.42
647, 939.06
21, 822. 85
442, 252.33
62, 162, 57
696, 548.82
84, 476. 84
1, OiO,237.53
59, 211, 22
710, 427.78
126. 165. 17
835, 655.14
'271 571. 00
1,135, 971.09
164, 399. 81
285, 282. 84
1, 287,959.28
1, 717,985.03
273, 782. 35
1, 991,226.06
10.9,761. 08
2, 606,564.77
57, 617. 71
3, 274,422.78
57, 098. 42
1, 635,871.61
61, 338. 44
1,212, 966.46
152, 589. 43
1, 803,581.54
452, 957. 19
916, 523.10
141, 129. 84
984, 418.15
127, 603. 60
451.
1. 2^6,090.56
130, 588. 81
1, 393,785.09
94, 722, 66
83
1, 495,845.26
1,315, 126. 49
1,018, 308.75
65, 648. 55
1, 517,175.13
112, 227. 77
2, 329,356.14
73, 124. P5
3,210, 815.48
584 410. 61
2, 623,381.03
270, 096. 67
3, 967,682. 55
470, 812, 32
4, 857,600.69
480, 972. 13
14,757, 600.75
759, 902. 23
24, 877,179.86
2, 245,444. 59
6,776, 236. 52
7, 001,348. 45
3,730, 945.66
6,410, 939. 86
7, 361,576.4(5
979, 112.'28
3,4U, 818.63
2, 567,054. 75
3, 365,627.42
1, 004,995. 97
1, 335,797.52
451, 895. 92
898, 158.18
285, 419. 70
2, 059,939.80
1, 075,453. 68
2, 077,022.30
361, 950. 13
2. 694,452.48
289i 808. 80
2,498, 355.20
220, 610. 69
612, 379. 13
3, 328,642.56
1, 688,959.55
685,
21
1, 859,894.25
2,064,
11
2, 352,305. 30
1,185, 166. 40
464, 249. 17
2, 043,239.58
1, 667,084.99
081. 74
8, 470,798.39
1,105, 352. 40
11, 497,019.07
827, 731. 81
8, 917,644.93
1,116, 190. 88
3,829. 486. 64
1,259. 920, 13
3,352, 029. 24
3, 513,715.87
1,454, 596. 25
1, 756,687.30
1, 088,530. 31
1,778, 557.71
1, 023,515. 97
870, 658.54
915, 327. 38
152, 203.77
3,741 791. 86
167, 617.37
588, 333.29
30, 29i;701. 00
996, 553.31
25,441, 556.JaD
•year from
* F o r the half-^
R E C E I P T S , 1789-1888.
TO J U N E 30, 1888, BY CALENDAR YEARS TO 1843
THAT T I M E .
Dividends.
K'et o r d i n a r y
Interest.
receipts.
Premiums.
N
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
3821
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
1851
1852
1853
1854
1855
1856
1857
1858
1859
1860
1861
1862
1863
1864
186S
xcv
AND B Y FISCAL YEARS (ENDED J U N E
Receipts
from l o a n s a n d
Gross receipts.
Treasury
notes.
$361,391.34
$4,771,342.53
$4,409,951.19
5,102, 498. 45
8, 772, 458. 76
1,797,272. 01
6,450,195.15
38, 500. 00 4,652,923.14
9, 439, 855. 65
303,472. 00 5, 431, 904. 87
4, 007, 950. 78
9, 515, 758. 59
160. 000.00 6,114 534 59 $4,800.00
3, 396, 424. 00
8, 740, 329. 65
160, 000. 00 8, 377, 529. 65 42. 800. 00
320, 000. 00
8, 758, 780. 99
70, 000. 00
' 80,960.00 8, 688, 780. 99
8,179,170. 80
200, 000. 00
79, 920. 00 7, 900, 495.80 '78,*675.'66
71, 040. 00 7,546,813.31
12, 546, 813. 31
5, 000, 000. 00
71,040.00 10, 848, 749.10
12,413, 978. 34
1, 565, 229.24
88, 800, 00 12, 935, 330.95 10,125.00
12,945,455.95
39, 960. 00 14, 995, 793. 95
14, 995, 793.95
11, 064, 097.63
11, 064, 097. 63
11, 826. 307. 38
11,826,307.38
13, 560, 693. 20
13, 560, 693. 20
15, 559. 93 L 07
15,559,93L07
16,398,019.26
16, 398,019. 26
17,060,66L93
17, 060, 661. 93
7,773,473.12
7, 773,473.12
12,134,214.28
9, 384, 214. 28
2, 750, 000. 00
14,422, 634 09
14, 422, 634. 09
22, 639, 032. 76
9,801,132.76
12,837,900.00
40, 524, 844. 95
26,184,135.00
14, 340, 409. 95
300.00
34, 559, 536. 95
11,181, 625.16
23, 377, 826. 00
85.79
50, 961, 237.60
15,696,916.82 11, 541. 74 '""$32,* 3 67.'64
35,220, 671.40
57,171,421.82
47,676,985.66 68, 665.16
686. 09
9,425, 084. 91
33, 833, 592. S3
202, 426. SO 33, 099, 049.74 267, 819.14
466,723.45
525, 000. 00 23,585,17L04
412. 62
21, 593, 936. 66
8, 353. 00
675, 000. 00 24, 603, 374. 37
24, 605, 665.37
2,291. 00
20, 881, 493. 68
1,000,000 00 17, 840, 669. 55
40, 000. 00
3, 000, 824.13
19,573,703.72
105, 000. 00 14 573, 379.72
5, 000, 324 00
297, 500. 00 20, 232, 427. 94
20, 232, 427. 94
350. 000. 00 20, 540, 666. 26
20,540,666.26
350, 000. 00 19,'381,212.79
2 4 381, 212. 79
5, 000, 000. 00
367, 500. 00 21,840,858.02
26, 840, 858. 02
. 5,000,000.00
403. 500. 00 2.5,260,434 21
2.5, 260, 434 21
420, 000. 00 22, 966, 363. 98
22, 966, 363. 96
455, 000. 00 24, 763. 629.23
24, 763, 629.23
24,827,627.38
' 490,000.00 24, 827, 627.38
490, 000. 00 24,844116.51
24, 844,116. 51
' 490,000.00 28, 526, 820. 82
28, 526, 820. 82
490, 000. 00 31,867,450.66
31,867,4.50.66
474, 985. 00 33, 948. 426. 25
33, 948,426. 25
234, 349. 50 21,791,935.55
21, 971, 935. 55
506, 480. 82 35, 430, 087.10
35, 430, 087.10
292, 674 67 50, 826, 796. 08
50, 826, 796.08
24 954,153.04
27, 947,142.19
2, 992, 989.15
26, 302, 561.74
39, 019, 382.60
12,716,820.86
31,482.749.61
35, 340, 025. 82 i,
3,857,276.21
19, 480,115. 33
25, 069. 662.84
5, 589, 547. 51
16, 860,160. 27
30, 519, 477.65
13,659,317.38
19,976,397.25
3 4 784, 932.89
14, 808, 735. 64
20, 782, 410. 45
8,231,001.26
12,479, 708. 36
71, 700. 83
31,398,555.73
29, 320, 707. 78
1, 877,181.35
666. 60
29, 970,105. 80
29, 970,105.80
29, 699, 967. 74
29. 699, 967. 74
26, 467, 403.16
55, 368,168.52
28, 365. 91
28, 872, 399.45
35, 698, 699. 21
56, 992, 479. 21
37, 080. 00
21, 2.56, 700.00
30,721,077.50
59, 796, 892. 98
487, 065.48
28, 588, 750. 00
43, 592, 888. 88
47, 649, 388. 88
10, 550, 00
4, 045, 950.00
52,555,039. 33
52, 762, 704. 25
203, 400. 00
4, 264. 92
49, 846, 815. 60
49, 893,115. 60
46, 300.00
61, 587, 03 L 68
61, 603, 404 18
16, 350. 00
22. 50
73,800,S4L40
73, 802, 343. 07
2, 001. 67
65, 350, 574 68
65, 351, 374. 68
800.00
74, 056, 699.24
74, 056, 899. 24
•'
200. 00
68, 965, 312. 57
68,969,212.57
3, 900. 00
46, 655i 365. 96
70, 372, 665. 96
23,717, 300. 00
52, 777,107. 92
81, 773, 965. 64
28, 287,500. 00
709, 357. 72
56, 054, 599. 83
76, 841, 407. 83
20, 776, 800. 00
10, 008. 00
41, 476, 299.49
83,371,640.13
41, 861, 709. 74
33, 630. 90
51,919,26L09
68, 400. 00 529, 692, 460. 50 581,680, 121.59
602, 34.5.44 776, 682, 361. 57 889, 379, 652. 52
112, 034, 945. 51
21,174,101.01 1,128, 873,945.36 1,393,461,017.57
243, 412, 971.20
11,683,446.89 1,472,224 740.85 1,805,939,345.93
322, 031,158.19
U n a vail- .
able.
$8," 028.'66 3,669,960.31
•
.
*
. .^.
uary 1 to June 30, 1843.
$1, 889. 50
63, 288.35
458, 782.93
37, 469. 25
11,188.00
28,251.90
30,000.00
103, 301. 37
15, 408.34
11,310.81
6 000 01
9, 210. 40
6, 095.11
XCVI
R E P O R T OF T H E
SECRETARY OF T H E
TREASURY,.
T A B L E 0 . — S T A T E M E N T OF THE R E C E I P T S OP T H E
1
B a l a n c e in
the Treasury at
coram en cem e n t of y e a r .
Customs.
Internal revenue. Direct tax.
UNITED
P u b l i c l a n d s . Miscellaneous.
•
1866 $33, 933, 657.89 .
1867 160, 817, 099, 73
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
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
275, 450, 903. 53
374,189, 081. 98
424, 941, 403. 07
521,794,026.26
526, 848, 755. 46
512,851,434 36
$179, 046, 651..58
176,417,810.88
$309,!226,813.42 $1,9747.54 12
266, 027, 537. 43 4, 200, 233. 70 '
$665, 031. OS $29, 036, 314 23
1,163, 575. 76 15, 037, 522.15
164 464,599.58
191, 087, 589. 41 1,788,14,5.85
1, 348, 715.41
180, 048, 426. 63 • 158, 356, 460.86
765, 685. 61
4, 020, 344. 34
229,102. 88
194, 538, 374 44
184, 899, 756. 49
3,350,484 76
580, 355. 37
206, 270, 408. 05
143, 098,153, 63
2, 388, 646.68
216, 370, 286. 77
130,642,177.72
2,575,71419
388,089,522,70
315, 254 51
113, 729, 314 14
2, 882, 312. 38
363,103, 833. 69
102. 409, 784 90
1, 852, 428. 93
157,167, 722. 35
110, 007, 493, 58
1, 413, 640.17
148, 071, 984. 61
116, 700, 732. 03
93, 798. 80
1,129, 406: 95
130,956,493.07
118. 630, 407, 83
976, 253. 68
330,170,680.20
110, ,581, 624,74
' 1,079,743.37
137, 250, 047. 70
113, 561, 610, 58
924, 781. 66
186. 522, 064. 60
124, 009, 373, 92
30. 85
1, 016, 506. 60
198,159, 676. 02
135,264 385,51
1, 516. 89
2, 201, 863.17
220, 410, 730. 25
146,497,595.45
160, 14L 69
4, 753,140. 37
214 706,496.93
144, 720, 368, 98
108,156. 60
7, 955, 864.42
i 2 l , 586, 072. 51
195, 067, 489. 76
9, 810, 705. 01
70, 720. 75
112,498,725.54
181,471,939.34
5, 705, 986. 44
116, 805, 936. 48 .
192, 905, 023. 44
108, 239. 94
5, 630, 999. 34
118, 823, 391. 22
217,286,893.13
32, 892. 05
9, 254, 286. 42
124,296, 871. 98
219, 091,173. 63
1, 565. 82 11, 202, 017. 23
6, 078, 062, 848. 90
17, 745, 403. 59
13, 997, 338. 65
12, 942,118. SO
22, 093, 541. 21
15,106, 051; 23
17,161, 270. 05
32, 575, 043. 32
15,431,915.31
24, 070, 602. 31
30, 437, 487.42 '
15, 614, 728. 09
20, 585, 697. 49
21,978,525.01
25,154, 850. 98
31,703,642.52
SO, 796, 695.02
21, 984, 881. 89
24, 014, 055. 06
20, 989, 527.86
26, 005,814 84'
24, 674, 446.10
3, 692, 586, 328.44 28,131, 990. 32 262,079 18L81 618, 752, 274 29
*Amount heretofore credited to the Treasurer as
R E C E I P T S , 1789-1888.
XCVII
STATES F E O M MARCH 4, 1789, TO J U N E 30, 1838, ETC.—Continued.
•s
Dividends.
l^et o r d i n a r y
receipts.
1866
1867
$519.949, .564 38
462,846,679.92
1868
3869
1870
3871
1872
1873
1874
3875
1876
1877
3 878
1879
1880
1881
1882
1883
3884
1885
1886
3887
1888
376,434453.82
357,188;256.09
395,959,833.87
374,431,10494
364,694,229.91
322,177,673.78
299,941,090.84
284,020,771.41
290,066,.584 70
281,000,642.00
257,446,776.40
272,3'^2,3S6.8"^
333,526,500.98
360,782,292.57
403,525,250.28
398,287,581.95
348,519,869.92
323,690,706.38
336,439,727.06
371,403,277.66
379,266,074.76
Interest,
Premiums.
Receipts
frora loans a n d
T r e a s u r y • Gross receipts.
notes.
Unavailable.
$38,083,0.55.68 ,$712,851,553,05 $1,270,884,173.11 $172,094 2J>
27,787,330.35
640,426,910.29 1,131:060,920.56 721 827.93.
2,675, 918.19!
0
29,203,629..50
13,755,491.12
15.295,043.76
8,892,839.95
9,412,637.65
11,560,530.89
5,037,665.22
3,979,279.69
4,029,280.58
40.5,776.58
317,102.30
1,505,047.63
110.00
625,111.433.20 3,030,749,516.52
609,621,828.27
238,678,081.0b
606,729,973.63
285,474 4 96. Oi
652,092,468.36
268.768,523.47
679,153,921.56
305; 047,0.54.00
548,669,221.67
214931,017.00
744,251,291.52
439,272,535.40
675,971,607.10
387,971,556.00
691,551,673.28
397,455,808.00
630,278,167.58
348,871,749.00
662,345,079.70
404,581,201.00
792,807,643.00 3,066,634,827.45
211,814,103.00
54.5,340,713.98
113,750,534.00
474,532.826..57
120,945,72400
524,470,974'.28
555,942,.564.00 . 954230.345.95
206,877,886.00
555,397,7.55.92
24.5,196,303.00
568,887,009.38
116,314850.00
452,754,577.06
354,440,900.00
525,844,177.60
285,016,650.00
664,282,724.76
*2, 070. 7 a
*3, 396,18
*38, 228. 35*3, 017. s a
12, 691,4a
^3,500,00
47, 097. 65
7, 997. 64
.$9,720,136.29 10,689,332,760.05'$485,224 45 204,2.59,220.83 12,395,779,118.84 23,289,856,32417 2, 715, 461. 82
,j
unavailable and since recovered and charged to his account.
H. Ex. 2
VII
XCVIII
' REPORT OF T H E SECRETARY OF THE TREASURY.
T A B L E P.—STATEMENT OF E X P E N D I T U R E S OF T H E U N I T E D STATES FRQM M A R C H 4,
J U N E 30) FROM
Year.
1791...
1792...
1793...
1794...
1795...
1796...
1797 ..
1798...
1799...
1800...
1801...
1802....
1803...
1804...
1805 ^.
1806...
1807...
1808...
1800...
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...
1'8.50...
1851...
1852...
1853...
1854...
• 1855...
1856...
1857...
1858...
18.59...
1860...
1861...
1862...
1863...
1864...
War.
$632, 804 03
1,100, 702. 09
1,130, 249. 0^
2, 639, 097. 59
• 2„480, 910.13
1, 260, 263. 84
1, 039, 402.46
2, 009, 522. 30|
2, 466, 946." 98
2, 560, 878. 77
1, 672. 944. 08|
1,179. 148. 25
822; 055. 851
875, 423. 93
712, 781. 28
1, 224, 355. 381
1, 2H8, 08.5. 91
2, 900, 834 40!
3, 345, 772.17
2, 294, 323. 94|
2, 032, 828.19
11, 817, 798. 24
19, 652, 013. 02
20, 3.50, 806. 86
14 794, 294 22
16, 012, 096. 80|
8, 004, 236. 53,
5, 622. 71.5.10
6, 506, 300. 37
2, 630. 392. 31
4 461, 291. 78|
3,111, 981. 48
924 431
3, 096, 939. 851
3, 340, 914 381
3, 659, 194 37
3, 943, 977. 88|
3, 948, 544 56
4,14.5. 291.07
4, 724, 128. 88|
4, 767, 83.5. 55
4, 841, 034 88
5,446,
6, 704, 019.10
5, 696, 189.38
5. 759, 156. 89
11,747, 345. 25
13, 682, 730. 80
32,897, 224 16
8, 916, 995. 80
7, 095, 267.23
8,801, 610.24
6,610, 438. 02
2, 908, 671.95
5. 218, 183.66
5; 746, 291.28
10,413, 370. 58
35, 840, 030. S3|
27, 688, 334 21
14, 558, 473.26|
9, 687, 024 58|
12,161, 965.11
8, 521, 506.19|
9, 910. 498.49
11,722, 282. 87f
14, 648, 074. 07
16, 963, 160.5
19,159, 150, 87
25, 679, 121. 63!
23,154, 720. 53
16, 472, 202, 72|
23,001, 530. 67
389,173, 562. 29|
603, 314 411.82
690, 391, 048. 66|
Navy.
408. 97
410, 562. CSl
274, 784 04
382, 631.89
1, 381, 347. 76
2, 858, 081. 84
3, 448, 716. 03
2, 111, 424 00
915, 561. 87
1, 215, 230. 53
1,189, 832.75
1, 597, 500. 00
1,649, 641. 44|
1, 722, 064.4"
1, 884, 067. 801
2, 427, 758.
1, 6.54, 244. 201
1, 96.5, 566. 39
3, 959, 365.15
6, 446, 600.101
7, 311, 290. 60|
8, 660, 000, 21
3, 908, 278. sol
3, 314 598.49
2, 953, 695. 00
3, 847, 640.42
4, 387, 990. 00
3, 319, 243. 06
2, 224 458. 98|
2, 503, 765.83
581.56]
2, 904 083.86
3, 049, 902.45
4, 218, 877.45
4, 263, 786.44
3, 918, 745. 47
3, 308, 428. 63
3,239, 183. 07
3, 856, 370. 29
3, 956, 356.75
3. 901, 260.42;
3, 956, 939.061
3, 864, 718. 23|
5, 807, 914 53
6, 646,
6,133, 580. 53
6.182, 294 25|
6,113, 896. 89
6, 003, 076.97
8, 397, 242. 991
3, 727, 711.53
6, 498, 199.11
6, 297, 177. 89|
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 j
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, 353.091
63,261, 235.31
85, 704, 963.74
Indians.
$27, 000. 00
13, 648. 85
0 27, 282. 83
13, 042,46
23,475. 68
113, 563. 98|
62, 396. 58
16, 470. 09'
.20, 302.19
31.22
9, 000. 00
94, 000. 00;
60, 000. 00
116, 500. 00
196, 500. 00
234, 200. 00
205,425. 00
213,575. ooi
337, 503. 84|
177, 625. 00
151, 875. 00
277, 845. 00
367,358.28
• 167, 394. 86
530, 750. 00
274 512.16|
319, 463.71
505, 704 27|
463,181. 39
315, 750. 01
477,005.44
575, 007. 43
380, 781. 82|
429, 987, 90
724,106.44
743, 447. 83
750, 624. 88
705, 084 24
576, 344. 74
622, 262, 47
930, 738. 04
1, 352, 419,75
1, 802, 980, 93I
1, 003, 953. 20j
1,706,444 48
5, 037, 022. 88
4, 348, 036,19
5, 504,191. 34
2, 528, 917. 28
2, 331, 794 86
2, 514, 837.12
1,199, 099.68
578. 371.00
1, 256, 532. 39
1.539,351.35
1,027,693.64
1, 430,411. 301
1, 252, 296. 81
1, 374,161. 55|
1, 663, 591.47
2, 829, 801. 77|
3, 043, 576. 04
3, 880, 494 121
1, 5.50, 339, 55
2,772, 990. 78
2,644,263.97
4 3.54, 418. 87
4, 978, 266.18
3, 490, 534, 53
2,993,121,54
2, 865, 481,17
2. 327, 948, 37
3,152, 032. 70
2, 629, 975, 97l
Pensions.
Miscellaneous,
$175, 813.88
109, 243.15|
80. 087. 81
81, 399.241
68, 673. 22
100, 843.71
92, 256. 97
104, 845.33
95, 444.03
64, 130.73
73, 533. 37
85, 440. 39
62, 902.10
80, 092. 80
81, 854 59
81, 875. 53[
70, 500. ool
82, 576. 04
87, 833. 54
83, 744 16
75, 043.88
91, 402.10
86. 989. 91:
90, 164 36
69i 656.06
188, 804 15
297, 374 43
890, 719. 90
2,415, 939.-851
3, 208, Si76. 31
242, 817.25|
1, 948, 199.40
1,780, 588.52
1, 499, 326. 59|
1, 308, 810. 57
1, 556, 593. 831
976, 138. 86|
850, 573. 57
949, 594.47|
1, 363, 297. 31
1,170, 665.14
1,184, 422. 40
4, 589, 152.40!
3,364, 285. 30|
32
1, 9.54, 711.
96
2, 882, 797.
162,45
2, 672, 057. 29
2,156, 750. 51
3,142, 562,17
2, 603, 434 51
2, 388, 931. 33,
1, 378, 041.12
839, 008, 991
2, 032,
2, 400, 788.11
1, 811, 097. 56|
1, 744, 883, 63
1, 227, 496. 481
1, 328, 867. 64
1, 866, 886. 02|
2, 293, 377.22
2,401, 858.78
1,756, 306.20
1, 232, 665. 00
1,477, 612.33
•1,296, 229. 65|
1,310, 380. 581
1, 219, 768 30
1, 222, 222.71
1,100, 802. 32
1,034 599.731
852, 170.47
3,078, 513. 361
4 985, 473. 901
$1. 0 \ D73. 61
4, 672, 664 38
511, 451. 01
750, 350. 74
1, 378, 920. 66
801, 847. 58
1, 259,422. 62
1,139, 524 94
1, 039, 391. 68
1, 337, 613. 22
1,114, 768.45
1,462,929.40
1, 842, 635.76
2,191,009.43
3, 768, 598. 75
2, 890,137. 01
1,697,897,51
1, 423, 285. 61
1, 21.5, 803. 79
1,101,144 98
1, 367, 291,40
1, 683, 088, 21
3,729,435.61
2, 208, 029, 70
2, 898, 870. 47
2, 989, 741.171
3, 518, 936. 76
3, 835, 839. 5 l |
3, 067, 211. 41
2, 592, 021. 94|
2, 223,121. 54
1, 967, 996. 24|
2, 022, 093. 99
7,155, 308. 81
2,748,544'
2, 600,177. 79|
2, 713, 476. 58
3, 676, 052, 64
3. 082, 234. 65
3,237,416.04
3,064,646.30
4 577,141.45
5,716,245.93
4 404, 728. 95
4 229, 698. 53
5, 393, 279. 72
9, 893. 370. 27
7, IfiO. 664 76]
5, 725, 990. 89
5, 995, 398. 96
6, 490, 881.45
6, 775, 624 61
3.202,713.001
5, 645,183,
5, 911, 760. 98
6, 711, 283. 89|
6, 88.5, 608. 35
5, 650, 851. 25
32, 885. 334. 24
36.043,763.36
37,888,902.1
37, 504, 371. 45|
17, 463, 068. 01
26,672.144 68
2 4 090,425.4?!
31,794 038.871
28, 565, 498. 77
26, 400, 016. 42
23. 797, 544 4o
27,977, .-^z 8. sol
23, 327, 287. 69
21,38.5.862.59
23,198, 382. 37
27,572,216.87!
" F o r t h e half y e a r from J a n
EXPENDITURES, 1789-1888.
t789. TO J U N E 30, 1888,
THAT TIME.
'Net o r d i n a r y expenditures.
XCIX'
BY CALENDAR YEARS TO 1843 AND B Y FISCAL Y E A R S ( E N D E D
Premiums.
$1,919, 589.52
5, 896, ,2.58.47
1, 749, 070.73
3, 545, 299;00
4, 362, .541.72
2, 551, 303.15
2, 836, 110.52
4 651, 710.42
6, 480, lG6,72
7,411, 369.97
4, 981, 669, 90
3, 737, 079.91
4, 002. 824,24
. 4 452, 858.91
6, 3.57, 234,62
6, 080, 209.36
4, 984 .572.89
6, 504, 338. 85
7, 414, 672.14
6,311, 082.28
5, 592, 604.86
17, 829,
70
28, 082, 396.92
30,127, 686.38
26, 953, 571.00
23, 3-; 3, 432.58
15,454 609.92
13, 808, 673.78
16, 300, 273.44
13,134, .530. 57
10,723, 479. 07
9, 827, 643.51
9, 784, 154 59
15, 330, 144.71
11,490, 450.00
.13, 062, 316.27
12, 653, 095, 65
13,296, 041.45
12, 641, 210.40
13, 229, .533.33
13, 864, 067.90
16,516. 388.77
22, 713, 755, 11
18,425, 417.25
17, 514 950.28
30, 868, 164.04
37, 243, 214 24
33, 849, 718.08
26, 496, 948.73
24,139, 920.11
26, 396, 840.29
2 4 361, 336.59
I L 2.56, 508.60
20, 650, 108.01
21, 895, 369.61
$18, 231.43
26,418, 459.59
53,801, 569.37
45, 227, 454 77
39, 933, 542, 61
82, 865.81
37,165, 990.09
44, 054, 717. 66 *"'69,*733.'i9
40, 389,1,954.56
170, 063.42
44, 078, 1,56.35
420.498.64
51, 967,', 528.42 2,877,838.69
56, 316, 197.72
872,047.39
66, 772, 527. 64
385, 372.90
66, 041, 143, 70
363, 572. 39
72, 330,), 437.17
574, 443.08
66, 355, 950. 07
60, 056, 754 71
62,616, 055.78
456, 379, 896.81
694, 004 57.5. 56
811,283, 676.14
a i r y 1 to June,30, 1843.
Interest.
$1,177, 863.03
2, 373, OIL 28
2, 097, 859.17
2, 752, 523.04
2, 947, 059.06
3, 239, 347.68
3,172, 516.73
2, 955, 875.90
2, 815, 651.41
• 3, 402, 601.04
4 411, 830.06
4, 239, 172.16
3, 949, 462.36
4,185, 048.
2, 657, 114 22
3, 368, 968.26
3, 369, 578.48
2, 557, 074.23
2, 866, 074.90
3,163, 671.09
2, 585, 435.57
2, 451, 272.57
3, 599, 455.22
4 593, 239.04
5, 990, 090.24
7, 822, 923.34
4 536, 282.55
6, 209, 954.03
5, 211, 730.56
5,151, 004.32
5,126, 073.7
5,172, 788.79
4 922, 475.40
4, 943, 557.93
4, 366, 757.40
3, 975, 542.95
3,486, 071.51
3, 098, 800.60
2, 542, 843.23
1, 912, 574.93
1, 373, 748.74
772, 561. 50
303, 796.87
202, 152.98
57, 863. 08
Public debt.
984.23
693, 050.25
633, 048.07
743, 771.13
841, 639.37
577, 126.01
617, 250.12
976, 032. 09
1,706, 578.84
1,138, 563.11
2, 879, 876.98
5, 294, 235.24
3, 306, 697. C
3, 977, 206.07
4, 583, 960.63
5, 572, 018. 64
2, 938, 141.62
7, 701, 288.96
3, 586, 479.26
4, 835, 241.12
5, 414 564.43
1, 998, 349.88
7, 508, 668.22
3, 307, 304 90
6, 638, 832.11
17, 048, 139.59
20, 886, 753.57
15, 086, 247.59
2,492, 195.73
3,477, 489.96
3, 241, 019.83
2, 676, 160.33
€07, 541.01
11, 624, 835.83
7,728, 587.38
7, 065, 539.24
6,517, 596.
9, 064, 637.47
9, 860. 304.77
9, 443, 173.29
14 800, 629. 48
17, 067, 747.79
1, 239, 746. 51
5, 974, 412.21
328. 20
2,
2,
2,
2,
2,
21, 822. 91
5, 590, 723.79
14. 996.48
399, 833.89
10,718, 153.53
374, 598.08
3, 912, 015.62
284 977. 55
5, 31.5, 712.19
773, 549.85
7,801, 990.09
523, 583.91
338, 012.64
1, 833, 452.13
11,158, 450.71
1, 040, 458,18
7, 536, .349.49
842, 723. 27
371; 100.04
214.72
1,119,
5, 600, 067.65
2, 390, 765. 88 33,036, 922.54
3, 56.5, 535. 78 12, 804, 478. 54
3, 782, 393.03
3, 656, 335.14
3, 696, 760.75
654, 912.71
4 000, 297.80
2,152, 293. 05
3, 665, 832.74
6, 412, 574.01
3, 070, 926.69
17, 556, 896.95
2, 314, 464.9!)
6, 662, 065, 86
3, 6 I 4 618.66
• 1,953, 822.37
3, 276, 606.05
1, 593, 265. 23
1,652 055.67
7, 505, 250.82
2, 637, 649.70
14 685, 043.15
3,144, 120.94
13, 854 250, 00
4 034, 157.30
18, 737, 300.00
13,190, 344.84
96, 097, 322. 09
24, 729, 700.62 181, 081, 635. 07
53, 685, 42L69 430, 572, 014, 03
G r o s s expenditures."
$3. 797, 436.78
8, 962, 920.00
6, 479, 977.97
9, 041, 593.17
10,151,240.15
8, 307, 776. 84
8, 625, 877. 37
8,583,618.41
31,002,396.97
11, 952, 5 3 4 1 2
12, 273, 376.94
13, 270, 487.31
11, 258, 983.67
12,615,113.72
13, 598, 309.47
15,021,196.26
11, 292, 292.99
16, 762. 702. 04
13, 867, 226.30
13,309,994.49
13,592,604.86
22, 279,121.15
39,190, 520. 36
38, 028, 230.32
39,582,493.35
48,244 49.5:51
40, 877, 646.04
35,104, 875,40
24, 004 199'. 73
21, 763, 024.85
19,090,572.69
17, 676, 592.63
15, 314 171.00
31,898, 538.4"
23, 585, 804.72
2 4 103, 398.46
22, 656, 764.04
25,459,479.52
25, 044 358.40
24, 585, 281.55
30, 038, 446.12
3 4 356, 698. 06
24, 257, 298.49
24,601,982.44
17, 573,141.56
30, 868,164.04
37, 265, 037.15
39, 455, 438. 35
37, 614 936.15
28, 226, .533. 81
31,797, 530. OS
32, 936, 876. 53
12,118,105.15
33, 642, 010. 85
30,490,408.71
27. 632, 282.90
60, 520, 851.74
60. 655,143.19
56, 386, 422.74
4 4 604 718.26
48, 476,104.31
46,712.608.83
5 4 577,06L74
75, 473,170.75
66,164, 775, 96
72, 726, 341. 57
71, 274, 587.37
82,062,186.74
83, 678, 642.92
77, 055,125. 65
85, 387, 313. 08
565, 667, 563.74
899, 815, 91L 25
, 295, 541,114.86
B a l a n c e in
Tieasury at
t h e e n d of
t h e year.
$973, 905.75
783, 444. 51
753,661.69
1,151, 924 17
516, 442.61
888, 995.42
1,021,899,04
617,451.43
^2,161, 867.77
2, 623, 31L 99
3,29.5,391.00
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
3, 848, 056.78
2, 672, 276. 57
3, 502, 305. 80
3,862,217.41
5,196, 542.00
1, 727, 848.63
13,106, 592.88
22,033,51.9.1,9
1 4 989, 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
1,946,597.13
5,201,650.43
6, 358, 686.18
6,668,286.10
5, 972, 435.81
5, 755, 704.79
6, 014, 539.75
4, 502, 914.45
2,011,777.55
11, 702, 905. 31
8,892,858.42
26, 749, 803.96
46,708, 436. 00
37, 327,' 252.69
36,891,196.94
33,1.57, 503. 68
29,963,163.46
28,685,11L08
30, 521,'979.44
39,186,284 74
36, 742, 829.62
36,194, 274.81
38,261,9.59.65
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
33,393,248.60
32, 979, 580.78
30, 963, 857. 83
46,965,304 87
36, 523, 046.13
134,433,738.44
REPORT OF THE SECRETARY OF THE TREASURY.
T A B L E P . — S T A T E M E N T OF T H E E X P E N D I T U R E S OF T H E
Year.
1866
1866
1867
1868
1869
3870
1871
1872
1873
1874
1875 . .
1876
1877
1878..'
1879
1880
1881
1882
1883
1884
1885
3886
1887
1888
Total
."
War.
IN-avy.
Indians.
Pensions.
UNITEI>
Miscellaneous.
$1, 030, 690, 400. 06
. 283,154, 676. 06
$122,617.434 07
43, 285, 662, 00
$5, 0.59, 360. 71
3, 295, 729. 32
$16, ,347, 621. 34
15,605,549.88
$42, 989, 383.10
40, 613,114 17
3,568,638.312.28
*3, 621, 780, 07
717,551,816.39
*77, 992.17
103,369,211,42
*53,286,61
119,607,6.56.01
*9, 737, 87
643, ,004, 554 33
*7i8, 769, 52
3, 572, 260, 092. 35
95,224 415.63
323,246,648.62
78,501,990.61
57,655,675.40
35, 799, 991. 82
35, 372,157,20
46,323,138.31
42, 313, 927, 22
41,120, 645, 98
38, 070, 888. 64
37, 082, 73.5, 90
32,354147.85
40,425, 660. 73
38,316,916.22
40, 466, 460. 55
43, 570,494.19
48,911,382.93
39. 429, 603.36
42, 670, 578, 47
3 4 324.152. 74
38,5(51,025.85
38, 522, 436.11
717, 629, 808. .56
31, 034, Oil, 04
25,775, 502. 72
20, 000, 757. 97
21,780,229,87
39,431,027,21
21,249,809,99
23, 626, 256. 79
30, 932, 587. 42
21, 497, 626. 27
18, 963, 309, 82
' 14,959,935.36
17, 365, 301. 37
35,325,126,84
13, 536, 984.74
15, 686, 67L 66
15, 032, 046. 26
15, 283, 437.17
17,292,604 44
16,021,079.67
13, 907, 887. 74
15,141,126,80
16, 926, 437. 65
103,422,498.03
4 642, 53 L 77
4,100, 682.32
7, 042, 923. 06
3, 407, 938.15
7, 426, 997. 44
7, 061. 728. 82
°7, 951, 704 88
6, 692, 462. 09
8, 384. 666, 82
5, 966, 558.17
5, 277, 007. 22
4, 629, 280.28
5, 206,109. 08
5, 945, 457.09
6, 514,161, 09
9, 736, 747. 40
7, 362, 590. 34
6,475, 999. 29
6, 552. 494 63
6, 099,158.17
6, 394 622, 69
6,249,307,87
319,617.393.88
20,936,551.71
23, 782,3S6. 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
56, 429, 228. 06
56,102. 267.49
63,404 864 03
75, 029, 301. 79
80, 288, 508. 77
644, 323, 323. 85
51,110,22.3.72
53, 009, 867. 67
56, 474, 061. 63
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
63, 177, 703,67
65, 741, 55.5. 49
54, 713, 529, 76
.64,416,324 71
57, 219,. 7.50. 98
68, 678, 022. 21
70, 920, 433. 70
87, 494 258. 38
74166,929.85
85, 264, 825. 59
72, 952,260.80
4, 640,125,166. 68 1,138, 090, 564 36
242,343,516,70 1,054,912,352.92 2,096,433,807.24
* Outstanding:
.NOTE.—This statement is made from warrants paid by the Treasurer up to June 30, 1836.
The
EXPENDITURES, 1789-1888.
CI
S T A T E S FROM MARCH 4, 1789, TO J U N E 30, 1888, ETC.—Continued.
T e a r . N e t o r d i n a r y ex- P r e m i u m s .
penditures.
1865 $1,217,704,399.28 $1, 717, 900.11
385,954,734 43
58, 476. 51
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
Interest.
$77, 39.5, 090. 30
133, 067, 624. 91
Public debt.
Gros.s e x p e n d i tures.
B a l a n c e in
Treasury at
t h e e n d of,
the year.
$609,616,141.68 $1,906,433, 331. .37 $33, 933, 657.89
620, 263, 249.10 1,139, 344 081. 95 165, 301, 654 76
5,152, 771, 550.43 7, 611, 003. 56
*4, 481,666.24
502, 689, 519. 27 2. 374, 677,103.12 8, 037, 749,176, 38
*2, 888. 48
*100.31
*4, 484 555. 03
-4,484,555. 03
5,157.253,116.67 7, 611,003. .56
202,947, 733,87 10, 813, 349. 38
229, 915, 088,11 7,001,154 04
190,496,354,95 1, 674, 680. 05
164, 421, 507,15 15, 996, 555. 60
157,583,827.58 9, 016, 794. 74
. 153,201,856.39 6, 958, 266. 76
180,488, 636. 90 5,305i919.99
194,118,985.00 1, 395, 073. 55
171,529,848.27
164,8.57,813.36
144, 209, 963. 28
134 463, 452,15
3.61,619,934 53
169, 090, 062, 25 2, 795, 320.42
177,142, 897. 63 1, 061, 248. 78
186.904,232,78
206, 248, 006,29
189, 547, 865. 85
208, 840, 678, 64
191,902,992,63
220,190, 602, 72
214 938,951,20 8, 270, 842,46
8,042,233,731,41
1, 093, 079, 655, 27
1, 069, 889, 970, 74
584 777, 996.11
702, 907, 842. 88
691, 680, 858. 90
682, 525, 270.21
524 044, 597. 91
724, 698, 933. 99
682, 000,885. 32
714,446, 357. 39
565,299,898 91
590. 641, 271.70
966, 393, 692.69
700, 233, 238.19
425, 865, 222, 64
529, 627, 739.12
855, 491, 967. 50
504, 646, 934, 83
471, 987, 288, 54
447, 699, 847. 86
539, 833, 501.12
517, 685, 059.18
160, 817, 099. 73
198,076,537.09
158, 936, 082. 87
183, 781, 985. 70
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
275, 450, 903. 53
374,189, 081. 98
424, 941, 403. 07
521, 794, 026.26
526, 848, 755.46
512, 851, 434 36
659, 449, 099. 94
502, 692,407. 75 2,374,677,203.43
143,781,594 91
735,636,980.11
140,424,045,71
692, 549, 685. 88
130, 694, 242. 80
261,912,718 31
129, 235, 498,00
393,254 282.13
125, 676, 565. 93
399, 503, 670. 65
117, 357, 839. 72
405, 007, 307. 54
104, 750, 688.44
233, 699, 352, 58
107,119,81.5.21
422, 065, 060.23
103, 093, 544. 57
407, 377, 492. 48
300,243,274 23
449, 345, 272. 80
323, 965,424. 05
97,124 511. 58
353, 676, 944. 90
102, 500, 874. 65
699, 445, 809.16
105, 327, 949. 00
432, 590, 280,43
9.5,757,575.11
165,152, 335, 05
82,508,741.18
271, 646, 299. 55
71,077,206.79
590, 083, 829. 96
69,160,331.25
260, 520, 690. 60
54, 678, 378. 48
211,760,3.53.43
51, 386,256. 47
205, 216, 709. 36
50,580,145.97
271,901,324 35
47,741,577.25
249, 760, 258. 05
44, 715, 007. 47
9,171. 914, 407. 90 77,700, 206, 33 2, 567, 427, 866.47 10,810,649,281.71 22,627,691,762,41
warrants.
outstanding warrants are then added, and the statement is by warrants ii
from that date.
CII ,
REPORT OF THE SECRETARY OF THE TREASURY.
T A B L E Q . — R E C E I P T S AND DISBURSEMENTS B Y U N I T E D STATES ASSISTANT T R E A S URERS DURING T H E FISCAL YEAR ENDED J U N E 30, 1888.
BALTIMORE.
Balance JuneSO, 3887
:
'
$9,808,083.11
EECEIPTS.
On account
On account
On account
Ou account
On account
On account
On account
Ou account
Oh account
On account
On account
On account
On account
of customs
of internal revenue
of certificates of deposit, act June 8, 1872
of Post-Office Department
of transfers
of patent fees
ofdisbursing officers
of semi-annual duty
of the Secretary of the Treasury
of Treasurer United States, transfer account
of repayments
of redemption and exchange
of miscellaneous
:.
'..
$3, 080, 040.16
110,637.62
8, 490, OCO. CO
797,124.54
6,303,733.70
50. 00
' 2, 709,476. 66
26,219.10
830. 50
2, 200, 980.35
57, 690. 91
6, 595,131. 30
16, 015. 87
30, 387, 930.71
40,196, 013. 82
DISBUESEMENTS.
On account of Treasury drafts
On account of Post-Office drafts
Ou account ofdisbursing officers
On account of interest
On account of redemption and exchange
On account of Treasurer United States, transfer account
On account of bonds redeemed
On account of transfers
On account of certificates of deposit, act of June 8, 1872
Balance J u n e 30, 1888
..
3, 526, 480. 57
673, 484. 50
2, 798, 515, 96
382, 979, 63
6, 646, 396. 30
1,446, 580.34
366,373.50
5,494,564.57
7, 970, 000. 00
_
.*
'
29, 30 4, 373.17
10, 891, 640. 65
BOSTON
Balance June 30,1887
.'
'
On
On
On
On
account of customs
account of certificates of deposit, act June 8,1872
account of Post-Office Department
account of transfers:
Treasurer's
' Standard dollars
,.
On account of patent fees^
On account ofdisbursing officers
.On account of semi-annual duty
On account of the Secretary of the Treasury
On account of redemptions
'.
On account of miscellaneous
$18,803,461.6^
$23, 248, 255. 29
1, 900, 000. 00
2,407,462. 89
12,566,461.78
2,481.500.00
6, 386.00
24,757,964.01
223, 519.04
.
3, 347. 05
5, 950, 037.00
1, 746. 534.15
75, 292,467, 21
94, 095, 928, 90^
DISBURSEMENTS.
On account of Treasury drafts..:
On account of Post-Office drafts
On account ofdisbursing officers
On account'of interest
On account of bonds purchased
'
On account of the Seci etary of the Treasury
On account of silver certificates redeemed
i
On account of transfers
On account of United States notes mutilated
On account of certificates of deposit, act June 8, 1872
On account of stauf^ard dollars exchanged
On account of fractional currency (silver and minor coins) redeemed . .
On account of miscellaneous
Balance June 30, 1888.
4,191,t)91. 76
2,431,123, 74
22,198, 303.70
4, 071,232. 79
7, 093,107. 32
4, 798. 32
170, 700. 00
19, 5.52, 797.92
664, 700. 00
1, 325, 000. CO
3,926,323.00
1,188, 599. 00
16,484. 87
76,835,162.42
17, 260, 766.4&
RECEIPTS
AND DISBURSEMENTS
BY S U B - T R E A S C R E K S :
CIII
TABLE Q . — R E C E I P T S AND DISBURSEMENTS, ETC.-—Contmued.
CHICAGO.
Balance June 30, 1887
.......:
,
'
$5,930,6^8.28
RECEIPTS.
On
On
On
On
On
On
account of customs.
account ol" internal revenue
account of sales of public lands
account of certificates of deposit, act June 8, 1872
accouut of Post-Office Department
account of transfers:
Treasuier's
Standard dollara
Oh account of patent fees
On account of Uisbuising officers
On account of semi-annual duty
On account of the Secretaiy of the Treasury
On accouut of repayments
On account of silver exchanges —
On account of miscellaneous'
.
$', 835, 607. 52
1, 076, 7771 05
70,410.02
260, oOO. 00
6, 278, 767.36
'
30, 326, 460. 64
3, 237, 135. 00
,
5, 3K6. 50
11,093.485. 12
• 26, 464. 92
12, 998. 27
237, 504. HO
4, .586, 926 00
89. 060. 66
:
63,136,983.75
69, 067, 642. 03
DISBURSEMENTS.
'
On account of Treasury drafts
On account of Post-Office drafts
On account of disbursin s: officers
On account of trade dollars
On account of the Secretary of the Treasury
On account of interest
•On account of silver exchanges
On account of gold certificates
On account of silver certificates
On account of transfers
On account of United States note.s mutilated
On account of certificates of deposit, act June 8, 1872
12.01.5,179 88
5, 846, 697. 38
11,351, 7o6. ] 5
36, oVo. Ou
6, 244. 87
835,130. 02
4,598, 276. 00
4, 592, oOO. 00
2, 371, 000. 00
13,64.5, .320.48
3, 286, 000. 00
120, 000. 00
'• 58,703,634 78
Balance June 30, 1888
10, 364, 007. 25
CINCINNATI.
Balance June 30,1887
•
•
$9, 775,126.13
• RECEIPTS.
On account of customs
On account of gold certificates
On account of certificates of deposit, act June 8, 1872
On account of Post-Office Department
On account of transfers:
Treasurer's
Standard dollars
On account of patent fees
On account of disbursing officers
On account of semi-annual duty
On account of the Secretary of the Treasury
On account of repayments
On account of redemptions.. On account of miscellaneous
$2,358,434,07
280,000,00
2, 270, 000. 00 •
1,779,444,43
13,966,729.68
1,491,500.00
• 1,022.00 ,
1, 836,969.39
33, 066. 32
i, 989. fi5
5,835.51
4, 551, 251. 80
24, 942.10
28,601,184.85
38, 376, 310, 98
DISBURSEMENTS.
On account
On account
On account
On account
On account
On account
On account
On account
On account
On account
of Treasury drafts
of Postoffice drafts
ofdisbursing officers
of i n t e r e s t . . . . .
of gold certificates
of silver certificates
of transfers
of United States notes mutilated
of certificates of deposit, act June 8,1872
of fractional currency (silver and minor coins) redeemed . .
Balance June 30,1888
1,804,889.69
. 1,769,217.94
1,684,338.98
840, 290. 68
584, 770. 00
1, 923, 000. W
9, 026, 206. 90
1, 487, 300. 00
2, 050, 000. 00
4. 659,055. 80
—
25, 828, 969. 99
.12,547,340.99
CIV
,
.
REPORT OF THE SECRETARY OF THE TREASURY.
T A B L E Q . — R E C E I P T S AND DISBURSEMENTS, ETC.—Continued.
Balance June 30, 1887
N E W ORLEANS.
.:
' $11, 686, 86i,48
RECEIPTS.
On
On
On
On
On
account of customs^.
accouiit of intemal'revenue
account of sales of public lands
account of Post-Office Department
account of transfers:
Treasurer's
Standard dollars and fractional silver
On account of patent fees
On accouut of disbursing officers
On account of assay office—birllion
On account of semi-annual duty
On account of the Secretary ofthe Treasury
On account of repayments
•On account of redemption
On account of miscellaneous
:
$3, 042, 368. 03
35, 962. 57
1, 280, 692.44
861,036, 29
-
:
13, 256, 910.58
6,932,450.00
65.00
3,158,658.85
718.02
35,883.81
5,303.01
329, 900. 04
1,941, 500.00
13, 897. 87
-.
_
30,875.346.51
42, 562, 210. 99
DISBURSEMENTS.
On
On
On
On
On
On
On
On
On
On
account
account
account
account
account
account
account
account
account
account
of
of
of
of
of
of
of
of
of
of
Treasury drafts
.:
.*
Po.-»t-Office drafts
disbursing officers
the Secretary of the Treasury
interest
bonds redeemed
gold certificates canceled
silver certificates
transfers
U. S. notes mutilated, etc., and national-bank notes
3, 639,403.21 •
936, 854. 66
3,141, 932. 52
6, 694.50
376,029.30
17, 079.00
3, 214, 070. 00
1, 941,500.00
12, 739, 437. 02
2, 796,000. 00
Balance June 30, 1888
26, 809, 000. 21
15, 753, 210.78
N E W YOEK.
Balance June 30, 1887
$174,189,258.57
^•. R E C E I P T S .
On account of customs
On account of internal revenue
On account of certificates of deposit, act June 8, 1872
On, account of Post-Office Department
On account of transfers:
Treasurer's
Standard dollars
On account of patent fees
On account of disbursing offioers
On account of assay office:
Ordinary expenses
Bullion •
'
On account of semi-annual duty
On account of the Secretary of theTreasury
On account of interest
On account of United States bonds.
On account of redemption and exchange
On account of special customs deposits
On account of miscellaneous
' -
$150, 009,124 65
71,838.94
7, 260, Ooo. 00
9,205,831.40
195,413, 648. 98
6, 348,055. 00
2,535.10
217, 650, 704. 28
162,121. 91
50,485, 219. 92
220, 491. 06
13,791.86
32,338, 705.31
48,199, 528. 65
66,8.57, 861. Oi»
787, 240. 20
4, 027, 357. 05
—
780,054,035.31
063, 243 293. 88
DISBURSEMENTS.
On account of Treasury drafts
^On account of Post-Office drafts
On account of disbursing officers
On account of assay office:
Ordinary expenses
Bullion
On account of transfers
On account of interest
On account of gold certificates, Department series
On account of gold certificates, New York series
On account of gold certificates, old series
On account of silyer certificates
On account of United States notes mutilated
On account of national-bank notes.
On account of fractional currency..
On account of certificates of depo.sit, act of' June 8, 1872
On account of United Statesbonds
On account of redemption and exchange
.'
On account of special customs deposits
293,683,224 80
10, 316,136.63
125, 664,205.11
3 66, 311.41
39,623,473.95
91, 745,337. 09
32,338,705.31
2, 0.98,000. 00
44,153, 230. 00
35, 320. 00
9,377,000.00
21, 041, 000.00
4,205,000.00
1,900.00
2,300,000.00
48,199,528.65
64, 872,179. 00
390, 692. 78
790,211,244 73
Balance June 30. 1888
173,032.049.15
RECEIPTS AND DISBURSEMENTS BY SUB-TREASURERS.
T A B L E Q . — R E C E I P T S AND DISBURSEMENTS, ETC.—Continued.
CV
'
PHILADELPHIA.
Balance June 30,1887
$24, 940,04L 34
RECEIPTS.
On account
On account
On account
On account
On account
On account
On account
On account
On account
On account
On account
On account
of customs
of the Secretary of the Treasury
of redemption and exchange
of certificates, act June 8, i872
of Post-Office Department
of transfers
of patent fees
of disbursing officers
of Treasurer's transfer account
of semi-annual duty
of custoras fees
of miscellaneous
:
$18, 761, 000. 60
12,165.65
12,241, 472.00
9,620,000.00
2,360,347.76
11,434,254,37
2, 747, 75
11,284,838.20
5, 342,790,79
67, 077. 00
121,237,13
1,460,863.39
„
72,608,794 64
97,549,435,98
DISBURSEMENTS.
On account of Treasury drafts
On account of Post-Office drafts
On account of disbursing officers
On account of Treasurer's transfer account
On account of redemption and exchange
On accbunt of interest
On account of fhe Secretary of the Treasuiy
On account of transfers
On account of certificates of deposit, act June 8,1872
-..
11,294,800,98
2. 504 462, 95
11, 238, 573.90
2. 963, 475. 74
12,287, 239. 00
2,402, 466.16
11, 205.39
19, 336, 458. 90
10, 350, 000. 00
-
Balance June 30, 1888.
,
'.
72,388,683.0225,160,752.96
SA.INT LOUIS.
Balance June 30, 1887
$22,375,728.52
RECEIPTS.
On account of customs
On account of internal revenue
Onaccount of sales of publiclands
On account of certificates of deposit, act June 8,1872
On account of Post-Office Department
On account of transfers:
,
Treasurer's
Standard dollars
On account of patent fees
On account of disbursing officers
On account of assay office:
Ordinary expenses
-i
Bullion
On account of semi-annual duty
On account of the Secretary of the Treasury
On account of interest
^
On account of repayments
On account of miscellaneous
,
1..
$2,187, 321.14
2,375,600.88
42,2^7.60
350, 000.00
2,244, 294.84
18,345.788.24
1,966,600.00
1,193.00
11,345,163.44
5, 895. 68
120,000.00
36, 888.16
15,405.00
25. 50
91,134. 96
49, 398. 22
,
39,156,826.66
61,532,555,18
DISBURSEMENTS,
On
On
On
On
aceount of Treasury drafts
account of Post-Office drafts
account of disbursing officers
account of assay office:
Ordinary expenses
Bullion
On account of interest
On account of redemption and exchange
On account of transfers...
Oil account of United States notes mutilated
On account of the Secretary of the Treasurv
^
Balance June 30, 1888
12, 000,276. 70
2,123,879.08
11, 266,108.80
*.
.*
6,181. 57
337,86474
404, 636.17
188,476.60
14,626,748.28
346, 000. 00
15,361.00
,
'
41,115,532.84
20,417,022.34
CVI
R E P O R T O F T H E SECRETARY OF T H E TREASURY.
TABLE Q . — R E C E I P T S AND DISBURSEMENTS, ETC.—Continued.
SAN FRANCISCO.
Balance June 30, 1887
$59, 816,460.97
RECEIPTS,
On account of customs
On account of internal revenue
On account of sales of public lands
On account of Post-Office Departraent
On account of transfers:
Treasurer's
Standard dollars
On account of patent fees
On*accountof disbursing officers......
On account of semi-annual duty
On account of the Secretary of the Treasury
On account of miscellaneous
$10, 344, 264.24
2,194, .573.70
1, 450, 274,41
1, 032, 540,84
3, 838, 837, 37
3,130, 905.00
14, 274 50
11,307,136.34
10,632,63
15,874.72
1, 629, 507. 22
34 968,820.97
94,785,281.94
DISBURSEMENTS.
On account of Treasury drafts
On account of Post-Office drafts
On account of disbursing officers
• On account of the Secretary of the Treasury
On account of interest
".
On account of Treasurer's transfers
On account of standard silver dollars
On account of fractional silver
On accourit of transfers trade dollars to United States Mint
On accourit of United States notes and national-bank notes
Balance June 30, 1888
:
:
16, 360,796. 73
920,289.13
11, 425, 634. 27
19,123.16
313, 876. 80
33,001. 57
7, 544 665.00
639,620.00
161, 263. CO
100, 000. 00
37,518,269.66
57,267,012.28
RECAPITULATION.
Totalreceipts...'.
Total disbursements
Receipts over disbursements
$1,164,082, ,390. 61
3.158, 714,870. 82
5, 367, 519.79
DUTIES COLLECTED
CVII
ON IMPORTS, E T C .
TABLE E.—STATEMENT SHOWING THE VALUE OF IMPORTED MERCHANDISE E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, W I T H T H E A M O U N T O F ORDINARY
D U T Y COLLECTED T H E R E O N , DURING T H E Y E A R S E N D I N G J U N E 30, 1887 AND 1888.
CLASS A.—ARTICLES OP FOOD, A N D A N I M A L S .
1888.
1887.
Duty.
A d valorem
r a t e of
duty.
Dollars.
P e r ct.
Articles..
Value.
F r e e of duty.
Dollars.
A n i m a l s , n o t e l s e w h e r e specified . . . 3,136, 082
Bolo«yna s a u s a g e s
49, 828
Cocok o r cacao, c r u d e , a n d l e a v e s
a n d s h e l l s of
. . .
....
1,670,008
Coffee
56, 360,701
Curry and curry powder
, 4 311
Ef'gs
1,960,405
Farinaceous substances, and prepa r a t i o n s of
721,984
F i s h , n o t e l s e w h e r e specified
1, 098, 562
F r u i t s , i n c l u d i n g n u t s , n o t elsew h e r e specified
. . .
4,^767, 629
Oil c a k e
58, 512
Sauerkraut
9,311
Spices, u n g r o u n d , n o t e l s e w h e r e
specified
....
. .
3, 315, 965
S u p p l i e s for w a r v e s s e l s of o t h e r
nations
Tea
.
. . . 16, 373, 42J
Yams
...
3,004
A r t i c l e s i m p o r t e d free of d u t y u n der reciprocity treaty with Hawaiian I s l a n d s :
Rice
Molasses
Sugar
Tallow
T o t a l from H a w a i i a n I s l a n d s
T O T A L F R E E O F DUTY
...
Value.
Dollars.
3, 336, 622
54, 973
Duty.
A d valorem
r a t e of
duty.
Dollars.
P e r ct.
2, 252, 031
60, 509, 522
10, 089
. 2,312,477
903,465
1, 385, 514
5, 774, 848
•
58,392
54,230,
3, 344, 069
137
13,473, 919
2,564
551,257
6,417
10, 260, 048
762
383, 985
14, 712
9, 255, 351
9, 654, 048
10, 818, 484
99,383,733
104, 291, 336
Dutiable.
033,013
1, 0/5, 811
106, 672
5,694
12, 693
2,375
611, 938
20.00
36.84
65.17
7.67
8.76"
32.10
2L72
4,661,849
8,215,337
187, 012
124, 791
178, 059
6,071
3, 065, 586
4,234,779
157, 445
2, 693
8, 727
163, 648
27.90
18.89
51.38
20. 00
25.00
15,121,086
978, 673
21,185
58, 462
629, 216
430, 007
971,455
676, 866
66, 271
2 4 44
a 6 4 01
a49.92
38.91
1,496, a63
56, 507, 496
74, 219, 614 •58, 004, 359
A n i m a l s , n o t e l s e w h e r e specified . . . 4, 665, 067
Breadstuff's
6,386,561
Chicory
163, 682
Chocolate
74,197
Cocoa, p r e p a r e d
144 906
Coffee s u b s t i t u t e s
7,399
F i s h , n o t e l s e w h e r e specified
2, 817, 352
Fruits,including nuts, not elsewhere
specified
15,101,447
Hav
791, 687
Honey
5,242
I n f a n t s ' food
43, 635
O i l s : Olive, a n d o t h e r s a l a d
654, 819
Provisions, comprising meat a n d
dairy products
1, 759, 262
liice....
.::
.:
3,618,766
Salt.
'
1, 455, 385
Spices, g r o u n d .
170, 304
Sugar and molasses:
Molasses
Su "'ar
T o t a l s u g a r a n d molasses
5, 336, 730
68, 882, 884
932, 370
1,115,811
121,188
9,98J
11,715
1,688
645, 507
4, 482,
200,
17,
11,
357,
20.00
13.58
6 4 80
8. OO
6.58
33.28
2L06
585
809
409
692
260
29.64
20.52
71.98
20.00
a25.00
2,060,3 56
2, 4 M, 813
1,128,071
383,325
506, 993
3,796,818
552, 694
72. 765
24.62
aTd. 80
a54.41
39 68
28.05
82.04
5, 262, 863
63, 685, 799
3,347,327
50, 647, 014
25.60
79.52
78.15
68, 948, 662
51,994,341
75.41
NOTE.—The values of articles withdrawn from warehouse on which the duty is remitted are excluded
from all computations of average rates of duty..
CVIII
REPORT OF THE SECKETARY OF THE TREASURY.
T A B L E R . — S T A T E M E N T SHOWING T H E V A L U E O F IMPORTED MERCHANDISE E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.-—Continued.
CLASS A.—ARTICLES OP FOOD, AND ANIMALS—Conthiued.
1888.
1887,
Articles.
Value.
Duty.
Ad valorem
rate of
duty.
Value.
Duty.
Ad valorem
rate of
duty.
•
Dutiable—Continued. .
Vegetables:
Potatoes
Allother
Vinegar
TOTAL DUTIABLE
Dollars.
542,234
1, 734, 070
17,447
Dollars. Per ct.
214,638 39. 58
332,872
19.20
6, 378 36.56
DoUars.
3, 693,097
3, 388, 662
17, 928
Dollars. Per ct.
1,239,369 ' 33.56
516,282
15.23
6,505
36.28
07,098, 334 am. 67 116,104, 040 64, 393,790
a56.00
104,291,336
07, 998, 334 a60.57 115,104,040
64, 393,790
a56. 00
211,456, 849 67, 998,334 a32.10 219,395, 370 64,393, 790
a24.8i
•.... 112, 273,076
Recapitulation.
Total free of dutv
Total dutiable
Total Class A
99,183,773
112, 273, 070
CLASS B.—ARTICLES I N A CRUDE CONDITION WHICH E N T E R INTO T H E PROCESSES
OF DOMESTIC INDUSTRY.
Free of duty.
Aluminium
.Asbestos, unmanufactured
Asphaltum or bitumen, crude
Bells and bell-metal, fit only to be
. remanufactured
Bismuth
Bones, crude, etc., not for fertilizers.
Brazil pebbles for spectacles, etc . . .
Bubr stone, unmanufactured
Chalk and cliff'-stono, unmanufactured
Chemicals, drugs, and dyes, not
elsewhere specified:
Argal or argol, or crude t a r t a r . .
Arsenic
Balsams: Copaiva, fir, Peru, and
tolu
Barks: C?lisaya, Lima, and all
cinchona barks
Berries, nuts, and vegetables,
etc., used in dyeing, etc
Cochineal
Dye-woods
Flowers, leaves, etc.: Buchu,
chamomile, rose, senna, etc
Oums: Amber, Arabic, benzoin,
camphor, catechu, terra japonica, tragacanth, etc
Iodine, crude
Roots: Colombo, gentian, licorice, madder, etc
Sulphur, crude
Tonka'beans
Vanilla beans
All other
.
Total chemicals, etc
Coal and charcoal
.Coir and cocoa fiber
Copper, old, taken from the bottoms
of American vessels compelled by
marine disaster to repair in foreign ports
Cork wood, or cork bark, unmanufactured
9,458
118, 883
99,055
16,764
145,908
113,854
3,129
109,679
59, 244
35, 291
25,000
3,167
168, 943
195, 979
24, 330
30, 600
59, 230
64,154
3,412, 987
78, 891
2,373,935
163,645
67,418
81,278
. 772,257
410,700
120,607
140,249
1, 328,933
273,010
136,866
46, 444
1, 666, 574
4, 537, 211
174,400
5,494,711
554, 732
1, 935,182
1.688,360
149,313
775,877
1,176, 350
1, 013, 212
1,581.583
17,172
842, 201
1,276,842
348, 411
16,628,845
16, 008, 306
57,749
3,556
115,286
10, 240
442
1,239,247
a See note on page cvn.
33,191
1, 030, 695
DUTIES COLLECTED ON IMPORTS, ETC
CIX
TABLE R . — S T A T E M E N T SHOWING T H E VALUE^OP IMPORTED MERCHANDISE E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
CLASS B.—ARTICLES I N A CRUDE CONDITION W H I C H E N T E R INTO T H E PROCESSES
OF DOMESTIC INDUSTRY—Continued.
1887.
Articles.
1888.
Value.
Duty.
Ad valorem
rate of
duty.
Value.
Duty.
Ad valorem
rate of
duty.
DoUars.
Dollars.
Per ct.
Dollars.
DoUars.
Per ct.
Free of dwi^/—Continued.
Cotton, unmanufactured, and cotton
•waste
Diamond dust, or bort
Fertilizers:
Guano
All other
-
Total fertilizers
Fish sounds or fish bladders
Flint, flints, and ground flint-stones..
Furs and fur skins, undressed
Gold and silver sweepings
Grease for use as soap-stock only,
and all other soap-stock
Gut, cat-gut, or whip-gut, unmanu"factured
- --Hair, not elsewhere specified
Hide cuttings, raw, and all. gluestock
Hides and skins, otherthaufur skins
Hoofs, horns, etc., unmanufactured
India rubber and gutta percha, un• manufactured
i
:
Istle, or Tampico fiber
Ivory, unm anufactured:
Animal
Vegetable
'
Lithographic stones, not engraved . .
Meerschaum, crude or raw
Mica and mica waste
Minerals, crude, not elsewhere specified
Moss, sea-weed, etc.. used for beds . .
Ores, hot elsewhere specified
Paper stock, crude
Palm leaf, unmanufactured.
Plants, trees, shrubs, etc., not elsewhere specified
Plaster^of Paris, unground
Platina, unmanufactured
Plumbago
Polishing, pumice, and rotten-stone.
Quicksilver
Quills, prepared or^unprepared
Rennets, raw or prepared
Sausage skins
Seeds, not elsewhere specified
Shells, not manufactured
Silk, unmanufactured
Sparterre, for making or ornamenting hats
Straw, unmanufactured
Talc
Tanning materials, not elsewhere
specified:
Hemlock bark
Other articles in a crude state . .
Teazles
Terra alba, aluminous
'>Tin, bars, blocks, or pigs, grain or
granulated
Whalebone, unmanufactured
Wood, un manafactured
All other free articles
TOTAL FREE OF DUTY
533, 219
33,498
745,048
37, 657
338,467
1,434, 901
154, 937
848, 832
1,773, 368
1,003,829
124, 050
1,324
2,471, 280
12, 621
141, 388
2,888
1, 952, 305
14, 541
52,420
46, 586
44, 328
2, 404,423
41,010
2,127, 387
485, 042
24, 22.5, 776
235, 250
347,302
23, 972, 617
304,117
13, 762, 627
180, 428
16, 077, 262
153, Oil
486, 368
144 663
97, 893
35,478
63,480
685,763
156, 533
97,135
35,458
21, 013
58, 089
73,103
3, 840, 925
4, 538, 719
838
27, 409
29, 709
5, 238, 647
5, 462, 256
2,809
254,472
162,154
438, 516
331, 621
'
34,866
(a)
764
56, Oil
278.140
596,522
197,984
19, 640, 397
289,010
148,179
565,459
371,441
45, 816
(a)
823
68, 538
323, 725
723.122
149. 539
19, 932,337
335
30,521
40, 848
1,696
21,959
44,169
272,956
19,134
3,156
39,431
290, 261
17, 530
1,617.
24,951
6,927,710
6,579
2, 734,620
135, 617
8, 758, 662
382
3,107,170
236,960
106,389, 032
111, 808,141
..
'
CX
REPORT OF THE SECRETARY OF THE TREASURY.
T A B L E R . — S T A T E M E N T SHOWING T H E VALUE O F IMPORTED MERCHANDISE E N T E R E D
FOR CONSUMPTION I N THK U N I T E D STATES, ETC.—Continued.
CLASS B.—ARTICLES IN A CRUDE CONDITION WHICH ENTER INTO THE PROCESSES
y O F .DOMESTIC INDUSTRY—Continued.
1887.
Advaloiem
r a t e of
duty.
Value.
DoUars.
2, 840
174,424
P e r ct.
8.88
15, 08
Dollara.
29, 061
3,072,056
39,290
28,382
84, 279
683, 728
10.00
1 4 83
3L97
2 4 32
204, 213
38, 836
271, 021
2, 968, 678
209, 005
103, 735
49.63
281, 527
3,681
172
2,168
34
58.90
20. 00
2,466
1, 908, 845
3, 766, 713
2, 665, 088
154, 509
736, 322
517.412
8.09
19.55
19.41
3,821,231
7, 075, 599
2, 639, 899
3, 539, 47.
'Articles,
Value.
Duty.
Duty.
A d valorem
r a t e of
duty.
Dutiable.
B r a s s , b a r s o r pigs, a n d old
Bristles
,
C h e m i c a l s , d r u g s , d y e s , a n d medicines, n o t e l s e w h e r e specified:
Antimony, crude
."•
Other drugs a n d dyes
Clays or e a r t h s
Coal a n d coke
Copper:
Ores
B a r s , i n g o t s , a n d pigs, old, fit
only i b r remauufacture a n d
r e g u l u s of
C o t t o n , w a s t e or flocks
Flax, hemp, jute, and other textile
graSvSCs:
F l a x , r a w , a n d t o w of
,
H e m p , a n d s u b s t i t u t e s for
J u t e , raw, and j u t e butts
,
Sisal g r a s s a n d o t h e r v e g e t a b l e
substances, not elsewhere
specifi ed
T o t a l flax, h e m p , e t c .
G r e a s e , all n o t specially e n u m e r a t e d
or p r o v i d e d for
..
H a i r , . cleaned,
unmanufactured,
h o g s ' hair, h u m a n h a i r u n cleaned,
and cleaned or d r a w n b u t n o t
manufactured
Hops
Dollars.
31, 985
1,156, 435
192, 902
191,399
263, 621
2, 811,153
'
D o l l a r s . '• P e r ct.
2,957
10.17
13.86
148, 575
20,421
9,746
92, 392
665,786
108, 542
1, 254
10.00
25.30
34.09
- 22. 43
38.55
50: 85
139, 597
1, 224 874
509,136
7.66
17. 31
19.43
10.12
522, 097
34 75
5, 080, 421
514, 395
11, 880,121
1, 930, .340
36.25
16, 597,150
2, 388, 002
324,487
52, 349
16.13
342, 413
56, 692
16,56
103, 699
3,117, 663
24, 801
1, 329, 506
23.92
42.64
70, 870
1, 053, 232
17, 577
467, 862
24 80
44.42
40.53
43.18
47.15
1, 817, 682
5, 051, 546
2,131, 651
693, 50'I
2,189, 385
3,052,035
38.15
43. 34
49. 35
I r o n a n d steel, a n d m a n u f a c t u r e s of,
n o t e l s e w h e r e specified:
Ores
Pig-iron
Scrap-iron
B a r s , billets, blooms, b l a n k s , ingots, etc., of steel
2,112,128
6, 510,126
3, 723, 471
855, 996
2, 811, 026
1, 755, 723
5, 529, 704
2, 378,954
4,168,451
3,757,73.8
42.17
T o t a l iron a n d steel, e t c .
17, 875,429
7,801,699
43.64
13,369, 330
5, 692, 639
43.23
345, 313
494, 219
235, 878
235, 695
68.31
47.67
206, 501
479, 927
145, 295
192, 940
70:36
40.20
503, 611
92, 356
18.30
250, 758
67, 256
26.82
47, 293
9,458
20.00
40, 824
8,165
20.00
497, 273
353
49, 727
49
10.00
13.88
1,138, 792
558
113, 879
. 88
10.00
12.19
846, 581
1,989
16,178
15,133
172, 438
199
3, 236
2,177
20. 36
10. 00
20.00
1 4 39
1, 997, 690
L590
19,677
13,492
385, 052
359
3,935
2,175
19. 27
10. 00
20. 00
16.12
L e a d : M o l t e n a n d old, o r e a n d
dross, and pigs aud bars
M a r b l e a n d stone, u n m a n u f a c t u r e d
M e t a l s , m e t a l compositions, n o t
e l s e w h e r e specified: A r g e n t i n e ,
a l b a t a o r G e r m a n silver, n i c k e l ,
' n i c k e l oxide, a n d m e t a l s u n m a n u factured
M i n e r a l s u b s t a n c e s in a c r u d e s t a t e ,
unmanufactured
P a p e r - p u l p , d r i e d for p a p e r - m a k e r ' s
use
Rosin.:
S e e d s : C a s t o r b e a n s , g a r d e n seeds,
h e m p seed, r a p e seed, a n d b u l b ous roots
Suga,r-cane
Sugar drainings
T a r and pitch
CXI
DUTIES COLLECTED ON IMPORTS, E T C .
T A B L E R . — S T A T E M E N T SHOWING T H E V A L U E O F IMPORTED M E R C H A N D I S E E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
C L A S S B . — A R T I C L E S I N A C R U D E C O N D I T I O N W H I C H E N T E R I N T O T H E P R O C E S S E S OF^
DOMESTIC INDUSTRY—Continued.
1888.
1887.
Articles.
Value.
Duty.
A d valorem
r a t e of
duty.
Value.
. Duty.
A d valorem
r a t e of
duty.
Dutiable—Contmxie(\.
W o o d , a n d m a n u f a c t u r e s of:
B a s s w 0 0 d, u n m a n u f a c t u r e d :
t i m b e r u s e d for s p a r s , e t c . ,
hewn and sawed or squared or
sided .
. . . . . . .
H u b s for wheels, p o s t s , e t c . ,
a u d u n m a n u f a c t u r e d wood,
u o t e l s e w h e r e .specified
T o t a l wood, e t c
W o o l s , h a i r of t b e alpaca, goat, a n d
o t h e r l i k e animals, u u m a n u f a c t ured:
Class N o . 3.—Clothing wools
C l a s s N o . 2. —Combing wools . . .
Class N o . 3.—Carpet a n d o t h e r
similar wools
Raojs, s h o d d y , m u n g o , w a s t e ,
flock's...
-•....2
T o t a l wools
Zinc, spelter, or t u t e n e g u e :
I n blocks o r p i g s , a n d o r e
A11 o t h e r d u t i a b l e a r t i c l e s
TOTAL DUTIABLE
DoUars.'
1.025
Dollars.
202
P e r ct.
19.71
.Dollars.
3, 283
Dollars.
512
61, 019
12,167
19.94
54,315
10, 811
39.90
62, 044
12, 369
39.93
57, 598
11, 323
19.67
4, 339, 498
2, 270, 058
2, 395, 537
974,179
56.20
42.91
3, 648, 780
1, 322, 862
1„ 789, 347
562,198
49.02
42: 50
9, 741, 814
2, 530,101
25.87
9-, 090,459
2, 377, 941
26.16
1, 8.55, 618
490, 238
26.41
1, .576, 013
405, 773
25. 75
18, 206, 983
6, 390, 055
35.10
15,638,114
5, 135, 259
3"?. 84
251, 372
92, 558
117, 7.35
9, 256
46.84
10.00
395,4.54
79, 680
84,900
7,968
43. 44
10.00
59, 542, 660
19, 567, 903
32.86
56, 221, 508
15, 830, 839
28 16
106, 389, 032
59, 542, 660
19, 567, 903
32.86
111,808,141
66, 221, 508
15, 830.839
28 16
165, 931, 692
19, 567, 903
1L79 168, 029, 649
15, 830, 839
9 42
P e r ct.
15 60
Recapitulation.
T o t a l free of d u t y
Total dutiable
T o t a l Class B
CLASS C — A R T I C L E S W H O L L Y OR P A R T I A L L Y M A N U F A C T U R E D , F O R U S E A S M A TERIALS IN T H E MANUFACTURES A N D MECHANIC ARTS.
F r e e of duty.
Chemicals, d r u g s , a n d dyes, n o t elsew h e r e specified:'
Acids..:
Albumen and lactarine
Alizarine, n a t u r a l o r artificial . .
Aniline salts and annatto . . .
lodigo
L i m e , chloride of
M a d d e r , e x t r a c t of
P o t a s h , m u r i a t e of
Quinine, s u l p h a t e a n d o t h e r s a l t s
of
Soda, n i t r a t e of, or c u b i c n i t e r . .
S u g a r of m i l k a n d s u l p h u r l a c . .
T u r p e n t i n e , Venice, a n d u r a n i u m
All other
T o t a l chemicals, d r u g s , e t c
Coir y a r n . . . . :
• F e a t h e i s for beds, a n d d o w n s
Felt, adhesive, for s h e a t h i n g v e s s e l s
474, 512
102, 215
356, 748
138, 736
2,734,117
1,573,168
8,779
592, 432
550,251
114 594
416, 447
156, 542
2, 23.5, 663
1, 672,130
1,141, 373
2,614162
50, 593
47,152
382,657
679, 300
2, 449, 639
19, 656
7,755
173, 962
10, 016, 644
9, 298, 028
141, 091
204, 962
29,229
141, 096
154, 443
43, 224
822, 089
CXII
REPORT OF T H E SECRETARY O F T H E TREASl!lRY.
T A B L E R . — S T A T E M E N T S H O W I N G T H E V A L U E OF IMPORTED M E R C H A N D I S E E N T E R E D
'
FOR CONSUXMPTION IN THE UNITED STATES, ETC.—Continued.
CLASS C—ARTICLES WHOLLY OR P A R T I A L L Y MANUFACTURED, FOR USE AS M A
TERIALS I N THE MANUFACTURES AND MECHANIC ARTS—Continued.
1887.
1888.
Duty.
A d valorem
r a t e of
duty.
Dollars.
P e r ct.
Articles.
Value.
Value.
Duty.
A d valorem
r a t e of
duty.
Dollars.
P e r ct.
\
F r e e of d u t y - C o n t i n u e d .
H a i r , h o g s ' , c u r l e d for b e d s a n d m a t tresses
Oils, n o t e l s e w h e r e specified
-...
A l l o t h e r free a r t i c l e s . . . . . . . . . . . . .
T o t a l free of d u t y
•
Dollars.
3,457
1, 736, 240
18, 260
12,149, 883
Dollars.
2, 551
2, 029, 784
23,491
11, 692, 617
Dutiable.
Button materials: Lastings, mohair
cloth, e t c
C e m e n t , R o m a n , a n d all o t b e r
Chalk, prepared, French, red, etc ..
Chemicals, d r u g s , a n d dyes, n o t elsew h e r e specified:
Acids
A n i l i n e d y e s o r colors
Chemical salts or preparations,
n o t e l s e w h e r e s p e d tied
E x t r a c t s : H e m l o c k , indigo, logwood, a n d o t h e r d y e - w o o d s
Glycerine'
O p i u m , c r u d e , p r e p a r e d for
s m o k i n g , a n d e x t r a c t of, a n d
morphia
Potassa or potash
Soda, a n d s a l t s of
Sumac
All other . . .
303, 911
1,102, 532
15, 038
. 30,391
220, 506
3,008
10.00
20.00
20.00
486, 783
1, 900, 543
15, 749
48, 678
380,109
3.150
30 00
20.00
20.00
92, 207
1, 540,813
33, 566
539, 285
36.40
35.00
75. 054
1, 446,180
33, 261
506,163
44.32
35 00
386,140
96, 535
25.00
512, 967
128, 242
25.00
439, 680
1, 016, 084
48, 947
2^4, 2l5
11.13
2 8 96
233, 880
1,107, 692
23,585
249, 727
10.08
1, 091. 593
296,613
1,632,483
64,425
317, 888
66.41
29.90
34. 24
13.81
29.08
1, 485, 299
949, 297
4, 488,783
362, 887
1, 362, 221
4,415,580
35.50
9, 211
4, 600
1, 643, 784
992, 027
4, 767, 835
.466,378
1, 093,110
T o t a l chemicals, d r u g s , d y e s , e t c 12,438, 058
Coloring for b r a n d y
C o p p e r : P l a t e s , rolled, sheets, r o d s ,
p i p e s , etc., a n d s h e a t h i n g or y e l l o w
.
1, 038,
278,
1, 668,
59,
375,
'>.'>. 5 4
750
358
089
743
032
69 94
29.38
37.16
16.52
27 53
12, 024, 260
4, 360, 950
36.27
50.00
9,686
4,843
50 00
62, 841
1,350
a33.88
75, 848
3,233
a34.45
C o t t o n , m a n u f a c t u r e s of: T h r e a d ,
y a r n , w a r p s , o r Avarp y a r n , n o t on
spools
Emery grains and ground
919, 702
29, 833
423, 760
6,744
46.08
22. 60
949, 544
19, 640
436, 545
5,159
45.97
26. 27
Flax, hemp, jute, and other textile
grasses:
'
.
.
Oil-cloth f o u n d a t i o n s for floor
cloths .•
-.
. .
Yarns
1,019
789,176
408
276,187
40.00
35.00
905, 881
317, 058
35.00
790,195
276, 595
35.00
905, 881
317, 058
35.00
4, 373, 619
35, 644
479, 756
874, 724
7,129
95, 951
20.00
20.00
20.00
4, 722,279
38, 260
483, 422
944,456
7,652
96, 685
20 00
20.00
20.00
5,899
3,658
28.11
2,107
3,077
56, 627
36,942
29.92
44, 635
13,390
4, 271, 765
862, 265
20.39
4, 955, 320
1,003,886
T o t a l flax, h e m p e t c
F u r s : D r e s s e d on t h e skin, a n d h a t ters' furs
Glucose
Glue
Gold a n d silver, m a n u f a c t u r e s of:
Gold leaf a n d s i l v e r leaf
H a i r , m a n u f a c t u r e s of: C u r l e d h a i r
for beds, hair-cloth, a n d h a i r seatings
H a t s , b o n n e t s , a n d hoods, material's
f o r : B r a i d s , plaits, flats, e t c . , of
straw, etc
•
a See note on page cvn.
51 08
30.00
20.26
. . <=•
DUTIES COLLECTED ON IMPORTS, E T C
CXIII
T A B L E R . — S T A T E M E N T SHOWING T H E V A L U E O P IMPORTED MERCHANDISE E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
CLASS C—ARTICLES WHOLLY OR P A R T I A L L Y MANUFACTURED, FOR USE AS MATERIALS I N T H E MANUFACTURES AND MECHANIC ARTS—Continued.
1888.
1887.
Duty.
Ad valorem
rate of
duty.
Value.
Duty.
Dollars.
660, 520
54,541
Per ct.
5L09
35.49
Dollars.
990, 058
175,132
Dollars.
524, 014
112,278
10, 622
114,624
35, no
46.23
30, 228
279,114
10, 580
126, 477
35.00
45.31
50, 900
40.25
158, 033
60,216
38.10
234, 709
39.19
823,497
, 352,889
42.85
5, 706,434
33.80
19,034,821
6,322,243
33.21
48,996
t, 717,481
30.78
40.66
166, 356
3, 679, 040
50,881
1,491, 329
30.59
40.54
4,794
70, P50
34 58
16.16
31, 510
504,968
12, 688
113,122
40.26
22.40
5,928 a50.37
26, 604 a49.02
7,857
52, 833
4,707
24, 618
60.00
• 46.75
8L80
Articles.
Value.
Ad valorem
rate of
duty.
Dutiable—Continued.
Iron and steel, and manufactures of:
Bar-iron—
Dollars.
Bars or shapes of rolled iron. 1, 292, 782
Bars, rolled or hammered...
153, 696
All other, and slabs, blooms,
or loops
30,348
Hoop, band,*scroll, or other iron.
247,853
Sheets, plates,and taggers' iron:
Boiler or other plate, and
sheet - iron, common or
.
black
126,464
Sheets or plates of iron and
steel (except what are
known as tin-plates)
„
598,861
Sheets or plates, known as
tin - plates, terne - plates,
and taggers' tin
16,883,814
Taggers' iron, put up in
boxes or bundles or n o t . . .
i59,195
Wire-rods, of iron and steel
4,223, 612
WireIron ...„„„
a
13, 863
Steel
433,460
Wire rope and wire-strand—
Made of iron wire
11,769
Made of steel wire
54,276
Wheels of steel, and tired steel
wheels, etc
274,112
Total iron and steel
Lead, In sheets and pipes
. Leather, bend or belting, calf-skin,
skins for morocco, upper leather
of all kinds, etc
Lim© ..'
Malt, barley
Marble arid stone, rough or un. dressed
Metal, metal compositions, and
manufactures of, not elsewhere
specified:
Bronze or Dutch metal, in leaf
and powder
Mineral substances, not elsewhere
specified:
Polishing powder
Oils:
Animal: Cod-liver, neat's-foot,
seal, whale, and fish
Mineral: Naphtha,benzine, and
petroleum, crude
Vegetable, fixed or expressed—
Castor,
croton,
flax-seed,
hemp-seed, rape-seed, nut,
olive, not salad, andother, not
elsewhere specified
Vegetable, volatile or essential—
Bay leaves,cognac,fruit ethers,
fusel oil, etc
„
Total oils
n . Ex. 2 — V I I I
Per ct
52.92
64.11
. 214.529
78.26
356, 037
291, 222
24,504,105
8, 920, 732
36.41
26,289,485
9, 497, 264
950
578
60.84
1,268
6, 325, 704
57, 226
153,359
1,067,527
5,723
41,993
16.88
lu.OO
27.38
6,758,'517
92, 923
164, 535
1,116, 600
9,292
43,301
16.52
10.00
26.32
368,001
106, 749
29.01
383, 007
133, 853
34 95
608,214
84,464
13.89
700,173
97,459
13.92
28,455
5,691
20.00
37,224
7,445
20.00
87,561
21,890
25.00
94,914
C 23,729
25.00
11,565
2,313
20.00
14,984
2,991
19.96
179,729
47, 701
26.54
287,472
74,363
a26.57
333,471
34, 374
25.75
138, 972
34,020
24 52
106, 278 a25.78
536,342
135,103
a25.19
412,326
a See note on page cvii.
63.71
CXIV
REPORT OF THE SECRETARY OP THE TREASURY.
T A B L E R . — S T A T E M E N T S H O W I N G T H E V A L U E O F IMPORTED M E R C H A N D I S E E N T E R E I >
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
CLASS C — A R T I C L E S WHOLLY OR P A R T I A L L Y MANUFACTURED, FOR USE AS MAT E R I A L S I N T H E MANUFACTURES AND MECHANIC ARTS—Continued.
'
1888.
1887.'
Articles.
Value.
Duty.
A d valorem
r a t e of
duty.
Value.
Duty.
A d valorem
r a t e of
duty.
Dutiable—Continued.
P a i n t s a n d colors
P l a s t e r of P a r i s , g r o u n d or c a l c i n e d .
S i l k : F l o s s silk i n t h e g u m . and s p u n
silk
?..
tTmbrella a n d p a r a s o l r i b s a n d
s t r e t c h e r s , frames, t i p s , e t c
W o o d , m a n u f a c t u r e s of:
B o a r d s , p l a n k s , deals, e t o *
Clapboards
Staves
Cabinet or house furniture, n o t
flnished;
o.sier p r e p a r e d for
use, a n d r a t t a n s a n d r e e d s . . .
T o t a l wood, e t c
W o o l s , m a n u f a c t u r e s of:
Y a r n s , woolen a n d w o r s t e d
Zinc, s p e l t e r o r t u t e n e g u e :
In sbeets
AU other dutiable articles
T O T A L DUTIABLE
i..
Dollars.
1, 220, 806
33, 737
Dollars.
399, 533
6,747
P e r ct.
32. 73
20.00
Dollars.
1,239, 092
25, 683
Dollars.
411,795
5,137
P e r ct.
33.23
20.00
453, 285
134, 995
29.78
593, 719
177,970
29 97
80, 312
27,733
34,53
103, 620
36, 345
35.08
5, 825, 320
58, 953
304,031
930, 653
6, 362
30, 403
15.97
10.79
10.00
6, 526,172
43, 809
419, 925
1, 038, 339
4, 670
41, 993
15.91
10.66
10.00
224,414
27, 308
12,17
266,275
30,100
n.30
6, 412, 718'
994, 726
15.61
7, 256,181
1,115,102
15.37
1, 747, 562
1, 207,735
69.11
1,990,155
1, 302,293
.68.45
26, 668
177, 382
18, 931
22,143
70.99
12. 48
23, 966
183, 798
10, 292
31,807
67.98
17.30
67, 505, 441
20, 393,493
aSO. 21
73,013, 645
21,824,738
a 29.89
12,149, 883
67, 505, 441
20, 393,493
a30.21
11, 692, 617
73,013,645
21, 824, 738
a 29.89
79, 655, 324
20, 393, 493
25. 60
84, 706,262
21,824,738
25. 77
Recapitulation,
T o t a l free of d u t y
Total dutiable
.....
T o t a l Class C
CLASS D.—MANUFACTURED ARTICLES, R E A D Y FOR CONSUMPTION.
Free of duty.
Articles specially imported:
For the use of the United States.
Philosophical and scientific apparatus, etc., for the use of
any religious or scientific institution, and not intended for
sale
Articles, the growth, produce, or
manufacture of the United States,
returned
»
Bolting-cl oths
Books and other glinted matter, not
elsewhere specified
Fashion plates
Gold-beaters' molds and gold-beaters' skins
,
Gold size
Hones and whetstones
Household effects, etc., of persons
arriving in the United States and
of citizens of the United States
dying abroad
Indians' goods
Manuscripts
Models of inventions, etc
Platina vases, etc., for chemical^iises
18,283
29,091
79, 962
134, 967
6,401, 829
271,693
i, 586, 973
297, 807
968, 466
5, 280
978, 825
5,467
25, 656
7,461
22, 853
28, 630
8,613
26, 012
2, 661, 867
1,124
8,078
7, 532
58, 925
See note on page cvn
:, 023,142
3,833
9,069
2,426
52, 295
DUTIES COLLECTED ON IMPORTS, ETC.
CXV
TABLE R.—STATEMENT SHOWING THE VALUE OF IMPORTED MERCHANDISE E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
>
CLASS D . - M A N U F A C T U R E D ARTICLES, R E A D Y FOR CONSUMPTION—Continued.
1887.
1888.
Valne.
Duty.
Advalorem
r a t e of
duty.
Dollars.
8,415
.Dollars.
P e r ct.
Articles.
F r e e of d u t y — C o n t i n u e d .
S k e l e t o n s a n d o t h e r p r e p a r a t i o n s of
anatomy
..
-.
S p u r s a n d stilts, u s e d i n t h e m a n u
f a c ^ r e of e a r t h e n , s t o n e , a n d
crockery ware
.-.
W o o d : F i r e w o o d , h o p poles, a n d
A l l o t h e r free a r t i c l e s
T O T A L F R E E O F DUTY
Duty.
Advalorem
r a t e of
duty.
Dollars.
Per ct
Value.
3
Dollars.
12,523
947
1,123
•
815, 572
201, 546
1, 033, 539
203, 953
11, 665, 665
11, 438, 012
'
Dutiable.
Blackin*''
.. ... ................
B l a d d e r s m a n u f a c t u r e s of
Books, engravings, and other printed
matter, bound or unbound
Brushes
.'
Candles and tapers
C a n i a ^ e s a n d p a r t s of
Chemicals, drugs, dyes, etc., n o t
e l s e w h e r e specified:
P r e p a r a t i o n s , m e d i c i n a l a n d proprietary
Clocks and,watches, and parts of...
C o p p e r , m a n u f a c t u r e s of, n o t elsew h e r e specified
Corks, and cork bark, manufactured.
Corsets
C o t t o n , m a n u f a c t u r e s of:
T h r e a d o n spools
Cloth—
N o t e x c e e d i n g 100 t h r e a d s
to t h e square inch
E x c e e d i n g 100 a n d n o t exc e e d i n g 200 t h r e a d s t o t h e
square inch
E x c e e d i n g 200 t h r e a d s t o
V e l v e t s , velveteen, e t c
Clothing, r e a d y - m a d e , a n d o t h e r
wearing apparel
Cords, b r a i d s , g i m p s , galloons,
laces, e t c
K n i t goods: Shirts, drawers,
and hosiery . .
All other
63, 552
11
15, 888
3
25.00
25.00
67, 475
57
16, 869
14
25.00
25 00
2, 736,138
373, 771
4175
5.57, 348
3,469,016
39, 617
242,999
684, 004
168, 098
1,044
167, 204
867, 254
7,923
85, 040
25.00
44. 97
25.00
30.00
25.00
20. 00
35.00
2, 882, 550
272, 029
2,899
630,845
3,218,526
26, 463
181, 277
720, 610
120, 667
725
189, 254
804 631
5, 293
63,447
25.00
44. 36
25.00
30.00
25 00
20.00
35.00
403,135
1, 882, 564
175, 555
489, 326
43. 55
25.99
473, 687
2, 046, 056
213,176
530, 566
45.00
. 25.93
48, 217
20!), 532
1, 058, 793
21, 697
52, 383
370, 678
45.00
25.00
35.00
19,090
265, 342
1, 034, 763
7,906
66, 235
362,167
045.00
25.00
35.00
95,167
51,222
53.82
104, 590
59,816
57.19
161, 455
.117,582
72.83
' 137,475
86, 679
63.05
2,176, 238
973, 203
4 4 72
1, 936, 338
858, ,353
44.33
1, 217, 654
526, 416
901,186
43.23
1, 500, 485
1, 352,460
639,455
540, 984
42. 62
40.00
381, 553
133, 544
35.00
538, 840
188, 594
35.00
2, 252, 965
456, 751
40.00
159, 863
35.00
211, 917
605,478
6, 88.5, 060
3,738,116
2, 702, 709
1, 378, 308
35.00
39.37
36.87
6, 635, 667
4 060,166
2, 604, 708
1,499,386
39. 25
36.93
17, 568, 884
7, 022, 406
39.97
16,647, 574
6, 611,,519
39.71
E a r t h e n , stone, a n d c h i n a w a r e :
B r i c k s a n d tiles
Earthen, stone, and c h i n a w a r e . .
162, 210
5, 545, 883
34,188
3, 217,693
21.08
58.02
185, .348
6,.076, 990
39,129
3, 529,148
21.11
58.07
Total e a r t h e n , stone, a n d c h i n a
"waTe
.. ......
5, 708. 093
3, 251, 881
56.97
6, 262, 338
3, 568, 277
56.98
4,140
1,932
828
386
20.00
20.00
389
20.00
Total cotton manufactures
E l e c t r i c l i g h t s , a n d p a r t s of
Feather beds
......
F e l t for roofing
1,947
—.
a See note on page CVIL
CXVI
REPORT OF THE SECRETARY OF THE TREASURY.
TABLE R.—STATEMENT SHOWING THE VALUE OF IMPORTED MERCHANDISE ENTERED
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
CLASS D . — M A N U F A C T U R E D AR,TICLES R E A D Y F O R CONSUMPTION—Continued.
1887.
1888.
Articles.
Value.
Dutiable—Continued.
DoUars.
Flax, hemp, jute, and other textile
g r a s s e s , m a n u f a c t u r e s of:
B a g g i n g for c o t t o n
26,727
. Bags and bagging
936,041
B r o w n a n d bleached linens,
duck, canvas, etc
- 13, 589, 446.
3,756, 795
Burlaps
:
C a r p e t i n g of h e m p o r j u t e , a n d
grass-cloth
143, 812
Oil-cloths for floors
308, 337
Sail d u c k a n d s h e e t i n g s
19, 327
6, 233
Seines
638, 552
Thread, twine, and pack-thread .
86, 269
Cables a n d c o r d a g e
482, 956
All other
T o t a l flax, h e m p , e t c . , m a n u factures
F u r s , m a n u f a c t u r e s of
Glass a n d g l a s s w a r e :
P l a t e glass
W i n d o w - glass, c y l i n d e r
crown
All other
A d valorem
r a t e of
duty.
Value.
Duty.
A d valorem
r a t e of
duty.
DoUars.
Per ct
Dollars.
DoUars.
P e r ct.
14,467
374,416
5413
'40.00
463
757,633
332
300, 653
n.59
40.00
4, 756, 297
1,176, 706
35.00
3L32
14,193, 291
4,070, 738
4,967, 652
1, 275, 383
35.00
3L33
43, 322
123, 335
6; 019
1,558
255,421
26,736
170, 028
30.12
40.00
31.14
25. 00
40.00
30.99
35.21
95, 032
333, 257
21, 650
20, 658
610, 263
57, 029
610, 344
27, 492
, 133,303
6, 685
5,164
244 105
16, 071
216, 590
28.93
40.00
30.88
25. 00
40.00
28.18
35.48
19, 994, 495
6, 948, 305
20, 764, 358
7,193, 430
3 4 64
171, 647
5 4 494
30.00
89,134
26, 740
30.00
2, 953,829
1, 697, 306
57.46
3,115, 463
1, 597, 279
51. 27
1,489, 702
2, 857, 809
1, 376, 233
1, 436, 773
92.38
a50.28
1, 525,796
3, 080,194
1,603,792
1, 598,181
10.51
a51. 39
7,301, 340
4,510,312
a59.01
7, 721,453
4, 799, 252
a62.16
91, 014
35,196
38.67
107, 411
38,066
35.44
38, 053
12, 683
33.33
36, 548
12, 270
33.57
631,146
189, 344
30.00
793, 432
238, 029
30.00
263. 744
103, 659
76, 048
31, 098
28.83
30.00
295, 528
100, 949
85, 685
30, 285
28.99
30.00
122,125
51, 567
42.22
182, 044
61, 598
33.84 '
1,888
1,406
7448
9,053
6,961
76.89
998,441
841,941
84,33
3, 485, 579
2, 623, 274
75.26
32, 508
84, 938
345, 997
9,759
38,118
121, 099
30.02
4 4 88
35.00
41, 728
92, 390
518, 963
15, 962
43, 098
181, 637
38.25
46.65
35.00
1, 889, 064
68, 334
•985, 817
874,151
39, 933
315, 369
46.27
58.44
3L99
2, 208,542
64,956
1, 058,132
1, 004, 442
39,279
333, 622
45.48
CO. 47
31.53
5,545
314, 524
3,553
79, 335
6 4 08
25.22
13, 221
319. 463
9,629
80, 834
72. 83
25.30
4,843
25,423
2,979
8. 975
6L51
35.30
9, 820
32. 829
8,164
10, 592
83.13
32. 26
and
Total glass and glassware
G u n p o w d e r , fulminates, a n d p e r c u s sion c a p s
H a i r , m a n u f a c t u r e s of, a n d h a i r pencils
H a t s , b o n n e t s , a n d hoods, of g r a s s ,
s t r a w , willow, e t c
India-rubber and gutta-percha,
m a n u f a c t u r e s of
I n k s and ink-powders
I r o n a n d s t e e l , a n d m a n u f a c t u r e s of:
A x l e s , axle-bars, a n c h o r s a n d
p a r t s thereof, a n d a n v i l s
B a r s o r r a i l s for r a i l w a y s —
T e e rails, iron
O t h e r rails, i r o n or steel, o r
in p a r t of steel
Cast-iron pipes, cast-iron vessels,
p l a t e s , stove-plates, a n d i r o n s ,
sad irons, h a t t e r s ' irons, all
c a s t i n g s n o t e l s e w h e r e specified, a n d malleable-iron castings
C h a i n or c h a i n s
Cotton-ties
C u t l e r y : Penknives, pocketknives, razors, sword-blades,
and cutlery n o t elsewhere
specified
F i l e s , file-blanks,rasps a n d floats
Fire-arms
H o l l o W: w a r e , nails, s p i k e s , t a c k s ,
and brads
^
Needles
N u t s a n d w a s h e r s , r a i l w a y fishplates, rivets, bolts,and hinges,
or h i n g e - b l a n k s
Saws
Duty.
a See n o t e on p a g e c v n .
CXVII
D U T I E S COLLECTED ON IMPORTS, E T C .
TABLE R.—STATEMENT SHOWING THE VALUE OF IMPORTED MERCHANDISE E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, .ETC.—Continued.
CLASS D . - M A N U F A C T U R E D ARTICLES, R E A D Y F O R CONSUMPTION—Continued.
1888.
1887.
Articles.
Value.
Duty.
A d valorem
r a t e of
duty.
Value.
Dollars.
3,746
Duty.
A d valorem
r a t e of
duty.
Dutiable—Continued.
' I r o n a n d steel, e t c . — C o n t i n u e d .
S c r e w s for wood
A l l o t h e r m a n u f a c t u r e s of i r o n
a n d steel
,
Total iron a n d steel .
L e a d : Shot, a n d m a n u f a c t u r e s of
lead,not elsewhere specified......
L e a t h e r : Gloves a n d other manuf a c t u r e s of l e a t h e r
M a r b l e , slate, a n d stone, m a n u f a c t u r e s of
Matches
M a t t i n g a n d m a t s for floors, of vegetable substances
M e t a l s , m e t a l compositions, a n d
m a n u f a c t u r e s of, n o t e l s e w h e r e
specified:
B r o n z e , m a n u f a c t u r e s of
Britannia a n d japanned wares,
pens, pins, plated a n d gilt
w a r e s , p e n t i p s a n d p e n holde r s , g e r m a n silver, p l a t i n a ,
stereotype plates, p e w t e r ,
t y p e s , a n d a l l o t h e r n o t elsew h e r e specified
Mineral substances, not elsewhere
specified:
A g a t e s , asbestos, a n d p l u m b a g o .
Palm-leaf, m a n u f a c t u r e s of
P a p e r , a n d m a n u f a c t u r e s of, n o t elsew h e r e specified
Pencils, lead
Philosophical apparatus and instru, ments
Repairs on vessels
S a d d l e r y , coach, a n d h a r n e s s h a r d ware, etc
S i l k : S e w i n g silk, silk i n t h e g u m ,
and twist
Soap
Sponges
Starch
,
S t r a w , m a n u f a c t u r e s of
T i n , m a n u f a c r u r e s of
T o o t h p i c k s , quill
Umbrellas, parasols, and shades
Varnishes
• W a x , a n d m a n u f a c t u r e s of
W h a l e b o n e , m a n u f a c t u r e s of
W o o d , m a n u f a c t u r e s of:
Cabinet wares,
finished
,
Laths, pickets, and palings
Shingles
Osier a n d willow b a s k e t s a n d
wares
A l l m a n u f a c t u r e s of, n o t elsew h e r e specified
T o t a l wood m a n u f a c t u r e s .
Wool, m a n u f a c t u r e s of:
Balmorals
Blankets
Bunting
,
Dollars.
3,719
Dollars.
1,880
Per ct
50.65
3, 356, 286
1, 600,738
a47.69
8, 239, 452
3, 990, 803 a48.44
DoUars.
2,017
Per ct
53.89
3, 580, 689
1, 672,820
a46.72
11, 621,155
6,093,929
458
200
45.85
2, 362, 649
48.09
113, 688
20, 567
45, 777
7,198
40.26
35.00
20.00
962, 385
192,477
20.00
108, 286
45.00
182, 507
82,128
45.00
1,636,422
677,880
4L42
1,891,127
778,789
4L18
1,133
6,571
281
1,971
2 4 80
30.00
1,367
5,983
334
1,795
24 43
30.00
1, 98i, 224
124, 869
420, 578
56, 861
2L23
45.54
2, 374, 546
119, 770
465, 889
60, 099
19.62
50.18
11, 342
3,615
3,970
1,807
35.00
50.00
38, 509
1,866
13,478
933
35.00
50.00
184,259
64,491
35.00
192,109
67,238
35.00
1,110
139, 398
53, 730
154 076
22, 566
59,329
3,041
24, 260
37, 711
4,267
30.00
28.98
20.00
95.93
29.15
a4.5. 00
20.00
47.54
4 4 16
20. 00
30.00
123, 035
48, 751
56,110
35.00,
13.35
16.93
360
102
45.00
4, 607, 866
2, 219, 835
48.16
98, 762
25, 458
39, 063
8, 910
39.55
35.00
885,909
177,194
240,635
949
436,224
302,510
17, 035
38,131
38, 829
18, 584
72, 430
82. 380
6,697
1,126
30.00
285
117,131 a26. 89
20.00
60,502
82.35
14, 029
29.17
11,122
56, 581 a45.00
20.00
3,717
47.57
34,453
4416
36, 379
20.00
1,139
30.00
338
376,788
273, 984
185, 611
131, 876
35,191
31, 355
35.00^
12:84
16.89
312,179
. 93,654
30.00
334, 007
100, 202
30.00
600.181
204, 014
33.99
685, 543
230, 537
33.63
27.02
54.62
69.79
50.09
1, 748,743
496,090
28.37
2,067, 501
558, 635
3,039
3,887
53
2,030
2,785
43
66.79
71.65
8L13
132
,235
4
73
5,049
2
* See n o t e o n p a g e c v n .
CXVIII REPORT OF THE SECRETARY OF THE TREA.SURY.
TABLE R.—STATEMENT SHOWING THE VALUE OF IMPORTED MERCHANDISE ENTEREI>
FOR CONSUMPTION INTO T H E U N I T E D STATES, ETC.—Continued.
CLASS D . - M A N U F A C T U R E D A R T I C L E S , R E A D Y F O R C O N S U M P T I O N - C o n t i n u e d .
1888.
1887.
Articles.
Value.
Dutiable—Continued.
W o o l , m a n u f a c t u r e s of—Continued.
Carpets and carpeting
Clothihg,ready-made, and wearing apparel
•.
C l o t h s , woolen
D r e s s goods, w o m e n ' s a u d child r e n ' s coat linings, a n d I t a l i a n
c l o t h s of e v e r y d e s c r i p t i o n
E n d l e s s b e l t s o r felts
Flannels
H a t s of wool
K n i t goods : H o s i e r y , s h i r t s ,
drawers, etc
S h a w l s , woolen
W e b b i n g s , gorings, s u s p e n d e r s ,
etc
A l l o t h e r , n o t e l s e w h e r e specified
A d valorem
Tfhte of
duty.
Value.
Duty.
A d valorem
r a t e of
duty.
Dollars.
1,472,656
Dollars.
701,549
Per ct
47.64
DoUars.
1,371,399
DoUars.
651,386
Per ct
47.50
1,461, 243
10,022, 371
896,472
7,055, 825
61.35
70.40
1,400,761
10, 851,416
820, 376
7, 723, 012
58.57
7L17
975
379
674
562
72.09
62. 87
70.02
5 4 01
18, 742,
158,
659,
14,
493
855
441
003
13, 735, 796
83, 908
460,178
8,307
73.29
52.82
69.78
59.33
1, 243, 689
654,008
62.80
63.50
1, 738, 249
975, 564
1, 071, 631
632,410
61.65
6483
293, 850
66.21
632, 987
423, 600
66.92
4, 560,905
68.52
7,039, 342
4, 829,327
68.60
43, 591,881
30, 445, 055
17,199,141
167,166
185, 204
6,595
12, 398,
88,
129,
3,
• 8
1, 980,454
1, 029, 998
443, 809
6,656,449
T o t a l woolen m a n u f a c t u r e s . . . 40, 632, 065
Zinc, spelter, a n d t u t e n e g u e :
M a n u f a c t u r e s of, n o t e l s e w h e r e
specified
Duty.
28, 031,746
3,652
8,117
AU o t h e r d u t i a b l e a r t i c l e s .
65, 334
T O T A L DUTIABLE. . . .
"
45.00
8, 522
45.00
40, 615
23,622
07,426,547
a50. 56
11,438, 012
133,352, 873
67, 426. 547
a50.56
45.50 144, 790, 885
67,426,547
46.57
124, 473,106
61,898,366
a49. 73 133, 352, 873
Recapitulation.
T o t a l free of d u t y . . . . .
Total dutiable
11, 66.5, 665
124,473,106
61,898, 366
Total C l a s s D .
136,038,771
61, 898, 866
CLASS E . — A R T I C L E S O F V O L U N T A R Y USE, L U X U R I E S , E T C .
F r e e of d u t y .
Amber beads
A r t i c l e s s p e c i a l l y i m p o r t e d : Regalia, gems, s p e c i m e n s of n a t u r a l
h i s t o r y , w o r k s of a r t , e t c . , speciaUy i m p o r t e d a n d n o t i n t e n d e d
for s a l e
A r t - w o r k s , n o t e l s e w h e r e specified,
t h e p r b d u c t i o n of A m e r i c a n a r t i s t s
C a b i n e t s of coins, m e d a l s , e t c
..
•
18,777
10, Oil
277,160
180, 690
495,937
231,370
982
Diamonds rouf h or uncut
262, 357
63, 205
MiTiftrfll w a t e r s , n o t artificial . . . .
380, 299
AU other
. . &2, 083, 985
509,650
556, 215
655
331, 927
37, 659
374,597
62,864,576
3, 805, 306
4, 874, 746
TOTAL F R E E O F DUTY . . . .
Dutiable.
A r t - w o r k s , n o t e l s e w h e r e specified,
paintings and statuary.
Cider
Cotton embroideries
Fancy articles:
DoUs a n d t o y s
F a n s , e x c e p t palm-leaf
F e a t h e r s , n o t artificial
a See n o t e on p a g e c v n .
> •
...
^
1, 925, 906
499
10, 661, 301.
1, 646, 597
499, 791
1, 652, 055
577, 772
100
4, 264, 520
30.00
20.00
40.00
1, 440, 753
687
11,109, 585
432, 226
137
4,443, 834
30.00
20.00
40.00
576, 309
174, 927
514,388
35.00
35.00
3L14
1, 665, 773
491, 300
1, 363.787
583,020
171, 955
432,787
35.00
35. OD
3L73
& Mostly domestic spirits exported and brought back.
CXIX
DUTIES COLLECTED ON IMPORTS, E T C .
T A B L E R.—STATEMENT SHOWING THE VALUE O F IMPORTED MERCHANDISE
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
ENTERED
CLASS E . - A R T I C L E S OF VOLUNTARY USE, LUXURIES, E T C . - C o n t i n u e d .
1888.
1887.
Articles.
Value.
Duty.
A d valorem
r a t e of
duty.
Value.
Per ct
Duty.
\
A d valorem
r a t e of
duty.
DwiiadZe—Continued.
Fancy articles-Continued.
F e a t h e r s a n d flowers, artificial
and omamerital
Perfumery a n d cosmetics.
AU others
Dollars,
DoUars.
444,490
390,430
2, 552, 636
222,245
262,404
1,199,087
T o t a l fanc V a r t i c l e s . . . . . < . » . . . .
7,185,999
333,941
Fire-crackers
Flax, hemp, jute, etc.: Laces a n d
insertinffs
..
. . . . . . o . ^ . . . . 1,142,473
Ginger ale or ginger beer
153, 377
G o l d a n d silver, m a n u f a c t u r e s of, n o t
e l s e w h e r e snecified
. ..........
434,809
H a i r , h u m a n : B r a c e l e t s , c u r l s , etc.i
2, 379 ,
J e t , m a n u f a c t u r e s a n d i m i t a t i o n s of.
54, 065
J e w e l r y a n d precious stones, n o t
e l s e w h e r e specified . . o = . o o . « o . . . . . 10, 981,192
Liquors, spirituous and malt, a n d
wines:
Malt liquors
.,
S n i r i t s distilled
Champagne and other sparkling
wines
o
StiU w i n e s
W^ineflavoring . . . . . . . . . . . . . . . . .
Dollars.
Dollars.
50.00
67 21
46 97
491,494
366,394
2,859, 074
245,747
247, 802
1, 341,431
2, 949, 360
4L04
7, 237, 822
3,022,742
332,941
100.00
274, 777
274,777
100.00
342,742
SO, 675
30 00
20 00
1, 345, 849
126,995
403, 605
25, 397
30 00
20.00
130, 410
833
13, 516
30 00
35.00
25 00
630,189
598
38, 899
179,828
209
9, 725
28 53
3.5. 00
25.00
10 58 11,032,311
1,182, 334
10 72
1,162, 300
Per c t
50.00
67.63
46 92
41 76
1, 267, 309
1, 909, 900
614,187
48 47
2, 939, 923 a l 5 4 01
1, 353, 889
1,972, 287
666, 666
a49.25
2, 981,772 a l 5 2 99
3, 295, 354
3,718,383
413
1, 735, 422
2,112,711
83
a52.72
a.50.84
20.00
3, 655, 083
3, 655,108
l", 903, 411
2, l l i , 395
a.52 12
a57.78
Total liquors and wines
10,191, 359
7, 402, 326
72.08
10, 636, 367
7, 663, 244
a72.23
M i n e r a l w a t e r s artificial
Musical instruments
Paplgrr m a n u f a c t u r e s of, n o t elsew h e r e specified: C a r d s for p l a y i n g .
Photographs
P r u n e wine
6,473
1, 613, 884
1,942
403, 471
Silk, m a n u f a c t u r e s of:
B r a i d s , fringes, galloons, b u t tons, and ornaments
D r e s s a n d p i e c e goods
. . .
H a n d k e r c h i e f s , h a t s , c a p s , bonnets, a n d hosiery
Laces
Ready-made clothing
Ribbons
Velvets
AU other
'
T O T A L DUTLAJBLE
1,614
456,907
30 00
25.00
3,031
34, 31.2
22, 833
3,031
8,578
4,567
100. 00
'>5 00
20 00
4,040
S5, 449
17, 060
4,040
8,861
3,412
25. 00
100.00
25.00
20.60
462,455
13, 961, 886
231,228
6,980,943
50.00
50.00
758,487
10, 936, 045
379, 244 '
5,468,023
50 00
50 00
792,901
1,585,803 i
2,383,205
1,191,603
634,100
317, 050
1,970,954
985, 477
6,343,086
3,171, 543
3,468,554
1,734,277
50.00
50.00
50.00
50.00
50.00
50.00
1, 323, 471
2,068,651
680, 262
2,289,262
6,231,041
7,457, 990
661,735
1, 334,326
340,131
1,144,631 1
3,115,520
3,728,995
50.00
50.00
50 00
60.00
50.00
50 00
15,405, 022
50.00
32, 345,209
16,172,605
50.00
22, 665
10, 955,125
12,327
9,127, 758
5 4 39
83.32
24,653
12, 314,429
13, 639
9, 734, 987
55.14
79. 05
86, 531,039
42,174,328
a48.74
90,451,708
44, 033, 886
a48 70
3,805, 306
86, 531, 039
42,174,328
a48. 74
4, 874,746
90,451, 708
44, 033, 886
a48 70
90,336,345
42,174,328
a46. 69
95,326,454
44,033,886
aiQ. 21
T o t a l silk, m a n u f a c t u r e s o f . . . 30, 810, 043
S u g a r candy a n d confectionery
T o b a c c o , a n d m a n u f a c t u r e s of
3oroo"
5, 381
1,827,628
Recapitulation.
Totalfreeof duty
Total dutiable
Total C l a s s E
a See note on page cvii. ^
cxx
R E P O R T O F T H E SECRETARY O F T H E TREASURY.
T A B L E R . — S T A T E M E N T S H O W I N G T H E V A L U E O F I M P O R T E D MERCHANDISE E N T E R E D
FOR CONSUMPTION I N T H E U N I T E D STATES, ETC.—Continued.
RECAPITULATION OF CLASSES.
Year
" end
ing
Juhe
30—
(A) Articles of food, ?
and animals.
5
(B) Articles in a'
crude condition
which enter into
the various processes of domestic
industry.
C) Articles wholly •
or partiaUy mauufactujed, for use
as materials in •
the manufactures
and m e c h a n i c
arts.
(D) Articles manu-"
faotured, ready •
for consumption, 'i
(E) Articles of vol-"
untary use, luxu- .
ries, etc.
)
Value of—
Total.
Free of
duty.
Duty.
Dutiable.
Ad valorem
rate on
dutiable.a
Per
Per
cent, cent.
of
of
total total
duty. value
1887 $99,183,773 $112,273,076 $211,456,849 $67,998,334
1888 104 291,336 115,114, 040 .219, 395, 376 64, 393,790
60. 57
56.00
32.07
30.16
30.94
30.80
1887 106, 389, 032
18S8 111, 808,141
32.86
28.16
9.23
7.42
24 28
23.59
79, 655, 324 20, 393, 493
84,706,262 21, 824, 738
30.21
29.89
9.62
10.22
1L66
1L90
1887 11, 565, 665 124,473,106 136,038, 771 61, 898,366
1888 11,438,012 133, 352, 873 144, 790,885 67,426,547
49.73
50.56
29.19
31.58
19.90
20.33
48.74
19.89
48. 70 - 20.63
13.22
13.38
59, 542, 660 165, 931, 692 19,567,903
56, 221,508 168, 029, 649 15, 830, 839
^
1887
1888
1887
1888
12,149, 883
11, 692, 617
3,805,306
4, 874, 746
67, 505,441
73,013,645
86, 531, 039
90, 451, 708
90, 336,345 42,174,328
95, 326, 454 44, 033, 886
233,093, 659 450, 325,322 683, 418,981 212, 032,424
T o t a l . . . . . . . . ; 1887
1888 244,104,852 468,143,774 •712, 248,626 213,509,802
' See note on page CVIL
47.10
45.63
/
R E C E I P T S FROM TAXES.
CXXI
T A B L E S.—STATEMENT S H O W I N G T H E R E C E I P T S FROM T A X E S FROM
SOURCES DURING T H E YEAR ENDING J U N E 30, 1888.
Sources.
Revenue.
INTOXICANTS:
'•
Distilled spirits (internal revenue)
Distilled spirits (customs), Class E
-..
Fermented liquors (internal revenue)
Fermented liquors (customs), ClassE
, Wines (customs), Cla.ss E
,
,
, Ginger ale or ginger beer (customs). Class E .
SUGAR, MOLASSES, AND C O N F E C T I O N E R Y . . . . . . . . - . .
TOBACCO:
(Internalrevenue).
• Leaf (customs). Class E
Manufactures of (customs), Class E
WOOL, MANUFACTURES OF
R A W MATERIALS :
--
$69,306,166.41
2, 981, 772. 22
23,324 218.48
. 666,666.39
4, 014 805. 58
25, 397. 50
40, 397,418.87
32, 213,120.74
,=..-
4,477,535. 21
1,796,817.75
1,115,811.23
397, 257. 68
552, 693.75
1, 755, 650. 65
645, 506.83
506,1.50.13
• 11,714 89
Other raw materials. Class B :
Wool, raw
.^
Flax, hemp, jute, sisal grass, etc .
Coal, bituminous
—
Iron ore
. Seeds
Hops
Bristles
Copper, ore
Zinc, and manufactures of
Clays or earths
Mait, barley
r
Sponges
Grease
Mineral substances, n. e. s
Wood
I...,,
Oils, whale and fish
4, 729, 486. 50
2, 388, O02. 33
632, 250.88
693, 50L 01
385, 052.14
467, 861.56
148, 674 52
108, 542.48
10.5, 027.08
109, 898.17
43, 301.20
.53, 730.19
56, 692. 30
. 21, 698. 06
411.26
427.13
" Silk, manufactures of:
Class C
ClassD
ClassE
11, 259,138.12
9, 950, 450. 81
4, 999,139. 57
9, 497, 263. 79
6, 093, 929.15
20, 590,332. 51
177,970.49
1,110.30
16,172, 604 69
Cotton, manufactures of:
ClassC
- ClassD
ClassE..
436, 544.81
6,611,518.72
4, 443, 833. 97
Flax, manufacturers of:
ClassC
ClassD
,
ClassE
905,880. 61
7,193,429.72
403, 604.76
Chemicals, drugs, dyes, and medicines:
Class A
Class B
ClassC
ClassD
ClassE
11,692.40
30,167.24
4, 365, 791. 92
213,176.11
1, 614.27
Glass and glassware. Class D ...
Leatbier, and manufactures bf:
Class C.^
•..
ClassD
Earthen, stone, and china ware, Class D .
Fancy articles, Class E
$100, 319, 026. 58
52, 007, 879. 89
30, 662, 431. 52
5, 884, 222. 73
3, 850, 764 62
Food, Class A :
Fruits, including nuts
Rice
Breadstuffs
- --Animals
Salt I
Vegetables
Fish],
Provisions, comprising meat and dairy products .
Cocoa, prepared
Iron and steel, and manufactares of:
' ClassB
Class C
ClassD
VAnious,
16, 351, 685.48
Hi 491,897. 50
8, 502, 915. 09
$1,116,600.19
2, 362, 648. 70
4, 622.441. 94
4, 799, 251.52
$3,479,248.89
3, 568,276.56
3, 022, 742.22
CXXII
KEPORT OF T H E SECRETARY OF T H E TREASURY.
T A B L E S.—STATEMENT SHOWING T H E R E C E I P T S FROM T A X E S , ETC.—Continuedo.
Sources.
Reverna©.
Wood, and manufactures of:
Class B
ClassC
ClassD
. $7,912.27
1,115,102.08
558,634 64
$1,681,648. m
T A X E S ON KNOWLEDGE,' LITERATURE, ART, ETC. S
632,188.01
4,774.75
83, 535.61
Books, Class D
."
Maps, Class D
Engravings, Class D
A r t works, Class E :
Paintings
Statu ary
Musical instruments. Class E
-
389,387.28
42, 838. 56
456, 907.12
1,609,63L 3 ^
H a t s , b o n n e t s , a n d hoods, a n d m a t e r i a l s f o r i
Class C
ClassD
1,003,885.91
238,029.54
J e w e l r y a n d p r e c i o u s stones, C l a s s E
Buttons and button materials:
Class C
ClassD
1,241,915.45
1,182,334 3^
48,678.25
804,631,43
853,309.68
F I N E S , PENALTIES, FORFEITURES, AND MISCELLANEOUS RECEIPTS t
From
From
From
From
From
From
69,475.10
264, 62 L 31
297, 902.82
60, 744 90
1.57,116.77
242. 689.51
labor, d r a y a g e , a n d s t o r a g e .
service of U n i t e d S t a t e s officers.
c u s t o m s officers' fees
w e i g h i n g fees
fines, p e n a l t i e s , , a n d f o r f e i t u r e s ..
e m o l u m e n t fees
1,092,450.41
F u r s , a n d m a n u f a c t u r e s of:
Class C
ClassD
944,455.71
26, 740.15
M e t a l s , m e t a l compositions, a n d m a n u f a c t u r e s of;
Class B
Class G
Class D
67, 256.09
97, 459. 45
860, 917.13
T a x on o l e o m a r g a r i n e ( i n t e r n a l r e v e n u e )
Tonnage t a x on'vessels engaged in t h e foreign t r a d e .
P a i n t s a n d color.§. Class C
A n i m a l s , o t h e r t h a n for food. C l a s s A
P a p e r , a n d m a n u f a c t u r e s of:
ClassD...
ClassE
465, 888. 81
3,030.75
M a r b l e a n d stone, a n d m a n u f a c t u r e s o f :
Class B .
Class C
ClassD
192, 940.43
133, 852.46
45, 776.79
971,195.8©
1,025,632.67
864139.88
491, 205.74
411, 795. U
535,112. I S
468, 919. 5&
372. 5G9. 6©
530; 566.42
362,167. 03
317,600. 0©
Clocks a n d w a t c h e s , a n d p a r t s of. Class D
C o r s e t s a n d c o r s e t cloth. C l a s s D
T a x on seal-skins a n d i n c o m e from r e n t a l of s e a l i s l a n d s . .
G u n p o w d e r a n d all e x p l o s i v e s u b s t a n c e s :
Class D
ClassE
»
«
•
38,065.76
274, 776.66
312,842.42
Oils, m i n e r a l a n d v e g e t a b l e :
Class A
ClassC.
157,260.47
111, 374.17
Miscellaneous penalties (internal revenue).
L e a d a n d m a n u f a c t u r e s of:
Class B
ClassC
ClassD
145. 295.38
808.77
206.10
H a y , Class A
Gold a n d silver, m a n u f a c t u r e s o f :
ClassC
ClassE
Brass, and manufactures of:
ClassB
ClassD
B r u s h e s of all k i n d s . C l a s s D
C e m e n t , R o m a n , P o r t l a n d , a n d all o t h e r . C l a s s C .
268,634 64
155,547.6a
146,310.25
200, 809.51
1, 077.00
179, 827. 58
180,904.56
2, 957. 25
120, 667.22
123, 624 47
189,253.59
386,108.65
R E C E I P T S FROM TAXES.
CXXIII
T A B L E S.—STATEMENT SHOWING T H E R E C E I P T S FROM T A X E S , ETC.—Continned.
Sources.
Soap, Class D
=
-=
Matting and mats for floors, ClassD
Carriages, ahd parts of. Class D
Glue, Class C
=
=
Chicory root, ground or unground, burnt or prepared. Class A .
Hair, and raanufactures of:
ClassB
^
ClassC...
==
Class D
o....,
ClassE
•India rubber and gutta percha, manufactures of, Class D .
Spices, ground. Class A
=
Pencils, Class D
Tin, manufactures of, ClassD
UmbreUas, parasols, shades, and parts of:
ClassC
ClassD
o
Saddlery, coach and harness hardware. Class D .
Varnish, Class D
Cork, manufactures of. Class D
..
I n k of all kinds and ink powders. Class D . . .
Coal and coke (except bituminous), Class D
Blacking of all kinds, ClassD
Copper, and manufactures of:
ClassB
o
Class C
ClassD
Straw, manufaclures of. Class D
Matches, Class D
Jet, manufactures of. Class E
Gun-wads, Class D
Glucose, Class C
Polishing powder. Class C
Starch, (Jlass D
Philosophical apparatus and instruments. Class D .
Plaster of Paris, ground, (iJlass C
Vinegar, Class A
Photographs, Class E
Ginger, preserved, Class A
...
Chocolate, Class A
Emery, grains, etc.:
ClassC
ClassD
Prune wine. Class E
Candles, Class D
Toothpicks, Class D
Chalk, preparations, Class C
Patent size. Class D
Teeth, manufactured. Class D
Packages, etc., designed to evade duties, Class D .
Tar and pitch. Class B
Repairs on vessel. Class D
Wax, and manufactures of, Class D
Electric lights, and parts of. Class D
Coffee, substitutes. Class A
Brooms of all kinds. Class D
Whalebone, manufactures of. Class D
Collodion, manufactures of:
Class C
ClassD
Felt for roofing, ClassD
o.
Cider, ClassE
«-..
Strings, gut, other than for musical instruments. Class D . Size, vegetable. Class C
,
Rosin, ClassB
Plum pudding, Class A
,
Insects, prepared or not prepared. Class D
,
Unmanufactured articles, not elsewhere specified, Class B .
Rags, not elsewhere specified or provided for. Class B
Horn handles, etc.. Class D
»
Palm leaf manufactures. Class D
Spirits of turpentine,. Class D
,
,
Putty, ClassC
:
Stearine, Class D
,..,
Drawings, ClassD
Revenue.'
$139,398.06
192,476.96
63,446.86
96, 684 51
121,188.22
$17,577.15
13,390.50
12,269.75
209.30
. 43,446.7&
85, 635. 03
72,764 78
60, 098. 86'
59,328. 66
36,345.20
24,259.89
60, 605. OS
67, 2S8.19
37, 711.27
66,325.49
30, 284.91
33, 534 81
16,868.7S
1,253.57
3, 232. 83
7,905.76
12,392.16
22, 565.78
7,198.27
9, 724. 76
4, 265. 65
7, 652. 00
7,444. 74
154, 076.41
13,478.15
5,136. 6©
6, 504 77
8, 577. 85-
5, 001.15
9, 989. 39^
5,159.31
939.20
6, 098.51
4 566.60^
5, 292.56.
3,040. 82
3,149.80'
2 4 04
1,248.6©^
13, 522.41
2,174. 80
932.86
4,267.21
1, 563. 80
1,687. 56
$724 75
397. SC^'
24.60
-804 87
329.47
389,40
137.35
1,440.25
166.20
88.09
49.20
45.60
7,968.00
412.7©
88.00
1,79472
90.90'
13.01
2,717. m11L40
eh -
I^ABLE T.—STATEMENT SIIOWING T H E F U E S E N T L I A B I L I T I E S O ^ TME IJNITED STATES TO I N D I A N TRIB:ES UNDER T R E A T Y STIPULATIONS.
^
a; ® c U(
il ^
ilii
Names of treaties.
Description of annuities, etc.
Reference to
Number of installments yet unap- laws.
Statutes at
propriated, explanations, etc.
Large.
^9f^
•+=.2 ^ . 2
X
X
+ - ^ S ® ==
a P aa
po
£ ^ "-t^ ,.^8
^ .^--^ fl 0 4 J
hj
O
PO
H
fl,2 0 §*gg
O
fl a3 s ^ S 2
2 ^ 5 'I' flT3 ®
H
Apaches, Kiowas,
and Comanches.
Do...
Do
Do
Arickarees, Gros
Ventres, and
Mandan s.
Cheyennes and
Arapahoes.
Do.
Do
Chickasaw
ChippewHS of the
Mississippi.
Chippewas, PiUager and L a k e
Winnebagoshish
bands.
Choctaws
Th'<rty installments, provided to be expended
under the tenth article treaty of Oct. 21.1867.
Purchase of clothing
Do.
Provisions for smiths, etc .
Do.
Intereston $390,257.92, articles ten and thirteen treaty of January 22, 1855.
Nine installments, unappropri- Vol. 1.5, p. 584, §10
$270, 000. 00
ated, at $30,000 each.
Tenth article treaty of October ...do
$12, 000. 00
21, 1867.
Fourteenth article treaty of Oc- Vol. 15, p. 585, §14 4, 500. 00
tober 21,1867.
.-- do
2, 500. 00
do
Seventh article treaty of July 27, Treaty not pub- 30, 000. 00
1866.
lished.
Pay of carpenter, farmer, blacksmith, miller,
and engineer.
Pay of physician and teacher
Araount tb be expended iu such goods, etc.,
as the President may from time to time determine.
Thirty installments, provided to be expended Nine installments, unappropriated, at $20,000 each.
under tenth article treaty of October 28,1867.
Purchase of clothing, same article
Pay.of physician, carpenter, farmer, blacksmith, miller, engineer, and teacher.
Permanent annuity in goods
Forty-six installments to be paid to the chiefs Four installments, of $l,tOO each,
due.
of "the Mississippi Indians.
Forty installments: in money, $10,666 66; Six instaUments of $22,666.60 each,
goods, $8,000; and for purposes of utility,
due.
$4,000.
Permanent annuities
w
Vol. 15, p. 596, § 10
Ul~
o
po
^
PO
180, 000. CO
O
-. do
12, 000. 00
Vol. 15, p. 597, §13 6, 500. 00
Vol.1, p. 619
Vol.-O, p. 904, § 3
Vol. 10, p. 1168, §
3; vol.l3,p.694,
§3.
Second article treaty of Novem- Vol. 7, p. 99, § 2;
vol. 11, p. 614 §
ber 16, 1805, $3,000; thirteenth
13; vol.7,p.213,
article treaty of October 18, 1820,
§ 13; vol.7, p.
$600; second article treaty of
235, § 2.
January 20, ]825,$6,000.
Sixth article treaty of October 18, Vol.7,p. 212,§6;
voL7,p.236,§9;
1820; ninth article treaty of
vol.7, p.614.§ 13.
January 20, 1825.
Vol.11, p. 614§13
$3, 000. 00
4, 000.00
' 135, 999. 96
?>
m
9, 600. 00
a
920. 00
19, 512. 89
$390, 257. 92
•
Creeks.
Do.
DoDo.
Do.
Do.
Do.
Do.
Crows .
Do
Do..
Do
Do...
lowas
Indians .at Black. feet Agency.
Indians at Fort
Belknap Agency.
Indians at Fort
Peck Agency.
Kansas
Kickapoos
Miamies of Kansas
Do
Molels
Nez Perces . . . .
Permanent annuities
do
do
Smiths, shops, etc
"Wheelwright, permanent
Allowance, during the pleasure ofthe President, for blacksmiths, assistants, shops, aud
tools, iron and steel, wagon-maker, education, and assistants in agricultural operations, etc.
Interest on $200,000 held in trust, sixth article
treaty August 7, 1856.
Interest on $675,168 held in trust, third article
treaty J u n e 14, 1886, to be expended under
the direction ofthe Secretary ofthe Interior,
For supplyiug male persons over fourteen
years of age with a suit of good, substantial
woolen clothing; females over twelve years
of age a flannel skirt or goods to make the
same, a pair of woolen hose, calico, and do-'
mestic; and boys and girls under the ages
named such flannel and cotton goods as their
necessities may require.
For pay of physician, carpenter, miller, engineer, farmer, and blacksmith.
Twenty installments, for pay of teacher and
for books and stationery. *
Blacksmith, iron and steel, and for seeds and
agl%ultural implements.
Twenty-five instaiftraents of $30,000 each, in
cash or other-^visej under the direction of
the President.
Interest on $57,500, being the balance on
$C57,500.
Ten installments of annuity at $150,000 each.
Treaty of August 7, 1790
Vol. 7, p. 36, § 4 . .
Treaty of J u n e 16, 1802 . . . . :
VoL7, p. 69, § 2 . .
Treaty of January 24. 1826
"... Vol.7, p. 287, § 4 .
Vol. 7, p. 287, § 8 .
do
Treaty of January 24, 1826, and Vol.7,p.287,§8;
August 7, 1856.
vol. ll,p. 700,§5.
Treaty of February 14, 1833, and Vol. 7, p. 419, §5;
treaty of August 7, 1856.
vol.ll,p.700,§5.
Treaty of August 7, 1856.
Vol. 11, p. 700,§6
Expended under the direction of
the Secretary of the Interior.
VoL14,p.786,§
Treatv of May 7,1868; ten installments of $15,000 each, due, estimated.
Vol. 15, p. 651, §9
400, 000. 00
, 22. 200.00
12,000.00
840.00
270. 00
600.00
1,000.00
2, 000. 00
10, 000. 00
200, 000. 00
33,758.40
675, 168. 00
$150, 000.00,
td
I—(
tri
I—l
H
zn
Treaty of May 7, 1^68
Vol. 15, p. 651,§9.
One installment of $1,500, due .
Vol.l5,p. 651,§7.
Estimated at
Vol.l5,p.651,§8.
Eighteen instaUments, of $30,000
each, due.
Actof AprU 11,
1882.
O
- 1 , 500. 00
Ten installments of annuity at $165,000 eack. Nine installments due .
Interest on $200,000, %t 5 per cent
I n t e ^ s t on $88,176.68, at 5 per cent.
Permanent provision for smith's shops and Say $411.43 for shop and $262.62
miller, etc.
for miller.
Intereston$21,884.81, a t t h e j a t e o f 5percent.,
as per third article treaty of June 5, 1854.
Pay of teacher to manual-labor school, and Treaty of December 21, 1855 .
subsistence of pupMs, etc.
Salary of two matrons for schools, two assist- Treaty of J u n e 9, 1863
ant teachers, farmer, carpenter, and two
millers.
I—l
1, 500. 00
U
H-1
540, OOO. 00
Vol.l0,p.l071,§9.
Nine installments due .
Ten instaUments of annuity at $115,000 each. Nine installments due .
1, 500. 00
3, 000.00
20, 000. CO
1,110. 00
600. 00
>
2, 875. CO
Act of May 1,
1888.
...do
57, 500. 00
1, 350, 000. 00
3
1, 035 000. 00
Ul
1, 485, 000. 00
.do .
Vol. 9, p. 842, §2
Vol.l0,p.l079,§2.
Vol."7, p. 191, §5.
Vol.l0,p.i094,§3.
VoL 12, p.982,§2.
3, 000.00
Vol.l4,p. 650, §5.
3, .500. 00
10, 000. 00
4, 408. 78
674.05
200, 000. 00
88,175, 68
13,48L 00
1,094 24
21, 884. 81
Q
X
X
O
X
T A B L E T . — S T A T E M E N T SHOWING T H E P R E S E N T L I A B I L I T I E S OF T H E U N I T E D STATES TO INDIAN T R I B E S , ETC.—Continued.
X
<1
sill
§•9.11
Names of treaties.
Description of annuities, etc.
Reference to
Number of installments'yet unap- laws.
Statutes at
propriated, explanations, etc.
Large.
'•pi o a S
po
^ (Dfli^fl®
gflo.2j:-s
?S«.1
t: ^
.a
.S ;5 '^ «3
S^iS fl ^
fl43
O fl
o ®
a g,oV2
fl P<
QD •''
fl rt OO 2
•fl a os;^
bJt+3fl©.2 o
PO
H
fl ftfl.
fl.2
« ^««15
I
fl -^
ca fl
a P P,(:3 O ft
<1
<1
Northern C h e y- Thirty installments, for purchase of clothing,
ennes and Arapas per sixth article of treaty May 10,1868.
ahoes.
Do
Pay of two teachers, two carpenters, two
farmers, mUler, blacksmith, engineer, and
physician.
Interest on $69,120, at 5 per cent., for educational puiposes.
Interest on $300,000, at 5 per cent., to be paid
Do.
semi-annually, in money or such articles as
the Secretary of the Interior may direct.
Otoes and Missou- Twelve instaUments, last seiies, in money or .
otherwise
rias.
Annuity goods, and such articles as raay be
Pawnees
necessary.
Support of two manual-labor schools and pay
Do.
of teachers.
Do.
For iron and steel and other necessary articles
for shops, and pay of two blacksmiths, one
of whom is to be tin and gun smith, and compensation of two strikers and apprentices.
Farming utensils and stock, pay of farmer,
Do.
miller, and engineer, and compensation of
apprentices to assist in working in the mill
aud keeping in repair grist and sawmill.
Amount to be expended during the pleasure
Poncas
of the President for purposes of civilization.
Pottawatomies .
Permanent annuity in money
do
'
Do
do
Do
,
d
o
.
Do<.
do
Do
o
c8
'T:3"S.2 +3 ;-i
rt <a 43
2^
43 4)
5
4S C P r f l fl fl
o
m
Ten installments, of $12,000 each,
due.
VoL 15, p. 657, §6
Estimated at
Vol. 15, p.658,§7
Resolution of the Senate to treaty,
January 2, 1885.
Treaty of September 29, 1865
VoL 7, p. 242, §6
$3, 456. 00
$69,120. 00
H
Vol.l4,p. 687, §1
15, 000. 00
SCO, 000. 00
%
Six installments, of $5,000 each,
due.
Treaty of September 24, 1857
VoL10.p.l039,§4
$120, 000. CO
zn
o
$9, 000. 00
PO
Kj
O
VoL 11, p. 729, §2
Vol. 11, p.729,§3
10, 000. 00
Estimated for iron and steel,
$500; two blacksmiths, $1,200;
aud two strikers, $480.
VoL 11, p. 729, §4
2, fSO. 00
Estimated
VoL 11, p. 730, § 4
4, 4 0 0 . 0 0
Treaty of March 12,1868
VoL 12, p. 998, §2.
20, 0 0 0 . 0 0
August 3, 1795..^
September 30, 1809
October 2, 1818
September 20, 1828
July 29,1829
VoL 7, p.-.51, § 4 . . .
Vol. 7, p. IH, §3-.
Vol. 7, p. 185, §3..
Vol. 7, p. 317, §2..
VoL 7, p. 330, §2..
do
>^
30. 000. 00
H
w
>
Ul
"a
357. 80
178. 90
894 50
715. 60
5, 724. 77
7,156. 00
3, 578. 00
17,890.00
14,312.00
114,495.40
B o . . . i i a. i i 4 . . . j l^erthaiiefat i)iOYisioii for t k r e e t)tack§tjiitl
a n d assistants, iron and steel.
O c t o b e r 16, 1828; J^optembor 20,
1828; J u l y 29, 1829.
Do.
Do.
^ u l y 2 9 , 1829
S e p t e m b e r 20, 1828; J u n e 5 a n d
17, 1846.
1 u n e 5 a n d 17,1846
$1,000 for e d u c a t i o n , $5G0 for
smith, e t c .
T r e a t y of N o v e m b e r 3, 1804
Do....
Quapaws .
S a c s a n d F o x e s of
Mississippi.
Do
Do
S a c s a n d F o x e s of
Missouri.
Do
Seminoles
Do...
Senecas..
Do
S e n e c a s of N . Y . .
Do
'Do
Senecas and Shawnees.
Do
Shawnees
Do
Shoshonea a n d B a n nacks:
Shoshones
P e r m a n e n t p r o v i s i o n for f u r n i s h i n g s a l t
P e r m a n e n t p r o v i s i o n for p a y m e n t of m o n e y
i n lieu of t o b a c c o , iron, a n d s t e e l . ^
F o r i n t e r e s t oh $230,064.20, a t 5 p e r c e n t
F o r education, smith, farmer, and smith-shop
d u r i n g t h e p l e a s u r e of t h e P r e s i d e n t .
Permanent annuity
Vol. 7, p. M , § 3 }
voL 7, p . 318, § 2 ;
voL 7, p . 321, S 2.
VoL 7, p . 320, § 2 .
VoL 7, p . 318,1 2;
v o L 9 , p . 855, §10
V o L 9 , p . 855, § 7 .
V6L7,p.425,§3.
1, COS-, m
20,179. go
156. 54
107. 34
3,120.80
2,146.80
11,503.21
230, 064.20
10,000.00
40, 000. 00
7, 870. 00
200,000.00
800, 000. CO
157, 400. 00
$1, 500. 00
20, 000.00
VoL 7, p . 85, § 3 . .
I n t e r e s t on $200,000, a t 5 p e r c e n t . .
I n t e r e s t on $800,000, a t 5 p e r c e n t .
I n t e r e s t on $157,400, a t 5 p e r c e n t .
T r e a t y of O c t o b o r 21, 1837 .
T r e a t y of O c t o b e r 21, 1842 .
T r e a t y of O c t o b e r 21, 1837 .
VoL'7,p.541,§2.
V o L 7 , p. 5 9 6 , § 2 .
V o L 7 , p.543, § 2 .
F o r s u p p o r t of s c h o o l .
I n t e r e s t on $500,000, e i g h t h a r t i c l e of t r e a t y
of A u g u s t 7,<1856.
.Interest on $70,009, a t 5 p e r c e n t
Permanent annuity
T r e a t y of M a r c h 6, 1861 .
$25,000 a n n u a l a n n u i t y . . .
Vol.12, p . 1172, § 5 |
Vol. 11, p . 702, § 8 .
S u p p o r t of schools, e t c . . .
S e p t e m b e r 9 a n d 17,1817 .
VoL 14, p . 757, § 3 .
VoL 7, p . 161, § 4 ;
vol. 7. p . 179, § 4.
Vol. 7, p . 349, § 4 .
VoL 4 p . 442
Vol, 9, p . 3.5, § 2 . Voi. 9, p. 35, § 3 . .
3, 500. CO
1,000.00
70, 000. 00
20, 000. 00
1,660.00
6, 000.00
3, 750. CO
2, 152. 50
33, 200. 00
120,000.00
75,000. ro
43, 050. 00
Vol. 7, p . 179, § 4 .
1, OCO. 00
20, OCO. 00
3, 000. 00
2, 000. 00
60, OCO. CO
40, 000. 00
F o r t h e p u r c h a s e of c l o t h i n g for men, v/omen,
a n d c h i l d r e n , t h i r t y insLallments.
F o r p a y of p h y s i c i a n s , c a r p e n t e r , t e a c h e r , engineer, farmer, a n d b l a c k s m i t h .
Do....
B l a c k s m i t h , a n d for iron a n d s t e e l for s h o p s . .
F o r tJie p u r c h a s e of c l o t h i n g for m e n , w o m e n ,
Bannacks.
and children, t h i r t y i n s t a l k n e n t s .
Do.
P a y of p h y s i c i a n , c a r p e n t e r , miller, t e a c h e r ,
engineer, farmer, a n d b l a c k s m i t h .
S i x N a t i b n s of N . Y , P e r m a n e n t a n n u i t i e s in c l o t h i n g , e t c . . i
S i o u x of different P u r c h a s e of c l o t h i n g for m e n , w o m e n , a n d
tribes, including
chUdren. *
S a n t e e Sioux of
Nebraska.
Do
B l a c k s m i t h , a n d for i r o n a n d s t e e l
Do.....
F o r s u c h a r t i c l e s a s m a y b e c o n s i d e r e d necess a r y by t h e S e c r e t a r y of t h e I n t e r i o r for p e r sons roaming.
Do.
Vol. 7, p . 352. § 4 .
T r e a t y of J u l y 20,1831
A u g u s t s , 1795; S e p t e m b e r 2 9 , 1 8 1 7 V o l . 7, p. 51, § 4 . .
A u g u s t 3,1795; M a y l O , 1854
, VoL 10, p. 1056, § 3 |
Eleven installments due,
m a t e d a t $10,000 e a c h .
Estimated
do :
Eleven installments due,
m a t e d a t $5,000 each.
Estimated
<....
500, 000.00
I—l
S m i t h a n d s m i t h - s h o p a n d miUer, p e r m a n e n t . F e b r u a r y 2 8 , 1 8 2 1 , . . .
F e b r u a r y 19, 1841
Permanent annuities
*
A c t o f J u n o 27, 1846.
I n t e l e s t o n $75,000, a t 5 p e r c e n t
do
I n t e r e s t on $43,050, t r a n s f e r r e d from t h e On- ,
tario Bank to tbe United States Treasury.
Permanent annuity
, T r e a t y of S e p t e m b e r 17, 1818
S u p p o r t of s m i t h a n d s m i t h - s h o p s .
P e r m a n e n t a n n u i t y for e d u c a t i o n .
I n t e r e s t on $40,000, a t 5 p e r c e n t . . .
200. 00
esti-
esti-
T r e a t y N o v e m b e r 11,1794
E l e v e n i n s t a l l m e n t s , of $120,000
each, d u e ; e s t i m a t e d .
*-i
^
$110,000.00
VoL15,p.676,§10|
5, 000. 00
VoL15,D. 676, § 3 .
VoL 15, p , 676 § 9 .
1,000.00
Vol. 15,p. 676,§10|
5, 000. CO
E s t i m a t e d .,
I
do . . .
E l e v e n i n s t a U m e n t s , of $200,000 . . . d o . . .
each, d u e ; e s t i m a t e d .
H
O
1, 060. 00
Vol. 15, p . 676. § 9 .
Vol. 7, p . 64, § 6
Vol. 15. p. 638, § 10
ZP
zn
55, 000. 60
4,500.00
1. 430, 000. 00
O•
2,2G0, 000. 00
• X
X
<
S i o u x of dift'erent
tribes, including
S a n t e e S i o u x of
Nebraska.
Do.
Tabequache band
of U t e s .
Tabequache, Muache. Capote, Weemiuuche, Yampa,
Grand River, a n d
U i n t a h b a n d s of
Utes.
Do
Do..
'
Do
Winncbagoes
Do
Yankton
Sioux.
t r i b e of
Total
P h y s i c i a n , five t e a c h e r s , c a r p e n t e r ,
e n g i n e e r , farmer, a n d b l a c k s m i t h .
•2 •
Is
« "^
.rt'fl
n
fl fl
"s-s
4 3 03
fl ft
1=
Amount held in trust by the
United States on which 5
per cent, is annually paid,
and amounts which, invested at 5 per cent., produce
permanent annuities.
D e s c r i p t i o n of a n n u i t i e s , etc.
ETC.—Continued.
Aggregate of future appropri-,
ations that will be required
during a limited number of
years to pay liraited annuities incidentally necessary
to effect the payment.
N a m e s of t r e a t i e s .
Reference to
N u m b e r of i n s t a l l m e n t s y e t u n a p laws. Statutes a t
propriated, explanations, etc.
Large.
Annual amount necessary to
meet stipulations, indefinite
as to time, now allowed, but
liable to be discontinued.
T A B L E T . — S T A T E M E N T SHOWING T H E P R E S E N T L I A B I L I T I E S OF T H E U N I T E D STATES TO INDIAN T R I B E S ,
<
PO
o
po
H
O
w
Vol. 15, p . 638, § 13 $10,400.00
miller,
o
X
X
zn
P u r c h a s e of r a t i o n s , e t c . , a s p e r a r t i c l e 5,
a g r e e m e n t of S e p t e m b e r 26, 1876,
P a y of b l a c k s m i t h
do
VoL 19, p . 256, § 5 . 1,000,000.00
do
VoL 13, p . 675, §10
720.00
o
po
F o r i r o n a n d s t e e l a n d n e c e s s a r y tools for
blacksmith shop.
do
Vol. 15. p. 627, §9
220.00
>
PO
Kj
O
T w o carpenters, t w o millers, t w o farmers,
one blacksmith, a n d t w o teachers.
T h i r t y i n s t a l l m e n t s , of $30,000 e a c h , t o b e expended under the direction ofthe Secretary
of t h e I n t e r i o r , for c l o t h i n g , b l a n k e t s , e t c .
Annual amount to be expended under the
d i r e c t i o n o f t h e S e c r e t a r y of t h e I n t e r i o r , i n
s u p p l y i n g said I n d i a n s w i t h beef, m u t t o n ,
w h e a t , flour, b e a n s , e t c .
I n t e r e s t o n $804,909.17, a t 5 p e r c e n t , p e r annum.
I n t e r e s t o n $78,340.41, a t 5 p e r cent, pp.r ann u m , t o b e e x p e n d e d u n d e r t h e d i r e c t i o n of
t h e Secretary ofthe Interior.
T w e n t y installrae.nts, of $15,000 e a c b , f o u r t h
s e r i e s , t o b e p a i d t o t h e m o r e x p e n d e d for
t h e i r benefit.
'
do
Ten instaUments,each$30,000,due
Vol.15, p . 622, §15
7, SCO. 00 •
Vol. 15, p . 622, §12
N o v e m b e r 1, 1837, a n d S e n a t e
a m e n d m e n t , J u l y 17, 1862.
J u l y 15 1870
VoL 7, p . 546, §4;
voL 12, p . 628, §4.
Vol. 16, p. 355, §1
T w e n t y i n s t a l l m e n t s , of $15,000
each, d u e .
Vol, 11, p. 744, §4
w
$300,000.00
Vol. 15, p . 622, §11
30, 000. 00
PO
$10,245.45
$804, 909.17
>
zn
3, 917. 02
78, 340. 41
a
po
300, 000. 00
.
1,145,190.00
5,826,499. 96 .347,75L98
5, 994, 629. 99
T A B L E _ ^ U . ^ S T A T E M E N T OF I^EDEEMED U N I T E D STATES S E C U R I T I E S D E C E I V E D B Y T H E O F F I C E O F T H E SECRETAIIY OF T H E T R E A S U R Y
F I N A L COUNT, E X A M I N A T I O N , AND D E S T R U C T I O N D U R I N G T H E F I S C A L Y E A R E N D E D J U N E 30,
1888.
i'oR
Denomination.
. HH
Totals.
T i t l e of s e c u r i t y .
I's.
2's.
5's.
50'g
lO's.
$124,139
$3,612.35
$4, 971. 60
$107, 3.56
United States notes,'new issue
$53,126. 25
19, 976.25
24,782.40
U n i t e d S t a t e s notes, s e r i e s 1869
229, 540. 75 1,176, 495 1, 342, 004
18,560.60
15, 74L60
U n i t e d S t a t e s n o t e s , s e r i e s 1874
38,189.20
51,454 60
U n i t e d S t a t e s notes, s e r i e s 1875
686, 242 1, 027, 528
4.54 521. CO
34, 821. 70
29, 270. 00
U n i t e d S t a t e s notes, s e r i e s 1878
474 831.00 1, 022,188 2, 055, 272
U n i t e d S t a t e s n o t e s , s e r i e s 1880 , 501, 983. 90 3, 905,415. 80 20, 097, 959. 00 8,114,-789 3, 366, 494
140
92. 50
90
M Demand notes
420
X One-year n o t e s of 1863
1.
230
V T w o - y e a r n o t e s of 1863
T w o - y e a r c o u p o n n o t e s of 1863
90
C o m p o u n d - i n t e r e s t n o t e s of 1863|
630
C o m p o u n d - i n t e r e s t n o t e s of 1864
111, 744
62, 326
S i l v e r certificates, s e r i e s 1878 . .
9, 639, 359 6. 757,112
S i l v e r certificates, s e r i e s 18H0 . .
732, 758.'
818, 381. 50
563, 675
S i l v e r certificates, s e r i e s 18'86 . . 1, 419, 892.10
G o l d certificates. N e w Y o r k
1,735,562
s e r i e s 1882
Gold certificates, W a s h i n g t o n
334, 480
s e r i e s 1882
R e f u n d i n g certificates
36, 850
N a t i o n a l c u r r e n c y n o t e s ' of
failed a n d l i q u i d a t i n g b a n k s
4, 800. 00
3, 652. 00 4, 834, 015.00 7, 343, 750 5,146, 940
National currency redeemed
a n d r e t i r e d '.
2, 014. 00
1, 626. CO-I18,415,755.00 17, 348, 460 11, 055, 860
^
.
js^
"
Total..-.
$17,190
172, 700
715, 275
100, 775
742, 830
1, 089, 665
1,COO'S.
lOO's.
500's.
$23,710
404,500
$11,000
5,500
133, 500
179, 000
656, 500
151, 000
687, 000
7,414,000
35, 000
164 000
644, 260
1, 274, 830
1, 092, 000
150
250
50
300
400
1,050
109, 075
695, 426
200
98, 810
561, 300
500
24, 500
164, 000
2, 336, 655
1, 757, 000
, 945, 000
143, 550
325.300
469, 000
5,000's.
$354,605. 20
3,511,498.40
88H, 077. 20
3,181,969.80
6, 987, 542. 70
48,733, 306. 70
322.50
1,100. CO
650. CO
50.00
90. CO
3, 360. 00
431,475.00
17,981,196.00
3, 534, 707. 00
$9, 600
136, 000
$10, COO
4. 508, 000 |9, 010, COO $36, 680, 000 59, 972, 217. 00
1, 357, 000
310, 000
4, 609, 330. 00
1, 670, 000
36,. 850. 00
1, 628,850
2, C03, 800
53, 000
12,000
2, 824, 350
5, 372, 500
15, 000
5,000
21, OCO, 807. 00
55,040,565.00
5,043,850.10 4,769,672.40 ]45, 378, 222. 00 46,092,530 |33, 058, 676 10,577,840 13,558,930 5,807,500 14,327,500 9,330,000 38, 350, OOOj
PO
c
Zfl
o
a
PO
zn
PO
Denomination.
Redeemed United States fractional currency.
5c.
Uuited
Uuited
United
United
United
United
United
States
States
States
States
States
States
States
fractional
fractional
fractional
fractional
fractional
fractional
fractional
currency,
currency,
currency,
currency,
currency,
currency,
currency,
first i s s u e
second i s s u e
third issue
fourth issue
f o u r t h i s s u e , second s e r i e s .
fourth issue, third series ..
fifth i s s u e
Total..Redeemed United States internal-revenue stamps
A g g r e g a t e of r e d e e m e d U n i t e d S t a t e s s e c u r i t i e s r e c e i v e d for d e s t r u c t i o n .
$7. 97
.$22. 59
4 4 06
2L59
7.97
88. 24
25c.
10c.
$47. 04
68. 23
553. 69
2, 080. 56
4 271. 63
7, 021. 05
$0.21
547. 41
$73. 29
64. 92
718.44
3, 666. 83
4, 537. 03
50c.
$121.26
77. 50
1, 009. 10
273. 05
2,200.20
2, 0.53. 25
1, 960. 80
264.18
254 71
2,310.90
6, 567. 85
2, 200. 20
2, 0.53. 25
10, 769. 46
7, 695.16
14, 897. 60
226, 334, 037. 05
o
o
X
X
tl
X
T A B L E Y . — S T A T E M E N T OF D I S T I N C T I V E P A P E R — S I L K - T H R E A D E D F I B E R — I S S U E D F R O M T H E O F F I C E O F T H E SECRETARY O F T H E T R E A S U R Y TO
' T H E B U R E A U O F E N G R A V I N G AND F E I N T I N G , AND D E L I V E R I E S AND BALANCES OF T H E SAME, F O R NATIONAL BANK C U R R E N C Y , S E M E S 1882,
F O R T H E F I S C A L Y E A R 1888.
Combinations.
Transactions.
B A L A N C E S . — B a l a n c e s 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 i n g J u n e 30, 1887.
Total balances
.. .
5, 5, 5, 5
10,10,10, 20
50,100
'
BLANK P A P F R
D e l i v p r e d t o B u r e a u of En^'raviu"' a n d
P r i n t i n g from t b e Oihce of t h e S e c r e t a r y of t h e T r e a s ury, for'printing circulating notes during thefiscal vear
1888..
5, 5, 5, 5
10, 10,10, 20
50,100
Denomination.
5's.
lO's.
20's.
157, 262
95, 550
17, 957
3,145, 240
270, 769
3,14.5, 240
2, 866, 500
1,911,000
809, 000
475, 000
28, 770
16,180, 000
-14, 250, 000
9, 500, 000
1, 312, 770
270, 769
16,180, 000
3,14.5,240
14, 250,000
2, 866, 500
1, 583, 539
19, 325, 240
2, 866, 500
60's.
PO
Amoun't.
lOO's.
1,911,000
1, 79.5, 700 ""'3,'591.,'400
3,145 240
4, 777, 500
5 387 100
1, 795, 700
3,591,400
13,309,840
2, 877, 000
6, 754 000
16 180.000
23, 750; 000
8, 631, 000
9,'.500, 000
1,911,000
2, 877, 000
1, 795, 700
5, 7.54, 000
3,591,400
48,561,000
13,309,840
17,116,500
11,411,000
4, 672, 700
9, 345, 400
61, 870, 840
11,507,520
7, 671, 680
2, 380, 250
4, 760, '566
14, 299, 600
19,179,2(10
7 140 750
2, 380, 250
4, 760, 500
40, 619. 5.50
P E R F E C T N O T E S . — D e l i v e r r d b y B u r e a u of E n g r a v i n g and
P r i n t i n g t o t h e Oflice of 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
for i s s u e d u r i n g t h e fiscaf y e a r 1888.
5, 5, 5, 5
10,10,10, 20
50, 100
I M P R R F K 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 Engr.avinsr
a n d P r i n t i n g t o t h e S e c i e t a r y of t h e T r e a s u r y fpr des t r u c t i o n d u r i n g t h e fiscal y e a r 1888..
5, 5, 5, 5
10,10,10,20
50,100
T o t a l d e l i v e r e d (imperfect)
5, 5, 5. 5
10,10,10,20
50,100
Total balances
714 980
383, 684
23, 802^
14, 299, 600.
1,122, 366^
14, 299, 600
42,113
27, 372
2,119^'
842, 260
71,6041
842, 260
7,671,680
11,507,520
'
547, 44C
821,160
•
821, 160
547, 440
211,950
211,9.50
423,
423, 900
900
2,846,710
209,169
159, 594
20, 805
4,183,380
2, 080, 500
4161,000
4, 18.3,380
7, 979, 700
6, 241,500
389, 568
4183,380
4 787, 820
-
3,191,880'
2, 080, 500
4,161, 000
18, 404, 580
1,122, 366^
71, 604A
389, 568
14, 299, 600
842, 260
4,183,380.
11, 507, 520
. 821,160
4 787, 820
.
7, 671, 680
.547,440
3, 191, 880
2, 380, 250
211,950
2, 080, 500
4, 760, .500
423, 900
4,161, 000
40, 619, 5r)0
2,846.710
18, 404, 580
1,583,539
19, 325, 240
17,_116, 500
11,411,000
4, 672, 700
9, 345, 400
61, 870, 840
3,191,880
4 787, 820
•
T o t a l a c c o u n t e d for
a
-POPO
H42, 260
1,368, 600
635, 850
RECAPITULATION.
D e l i v e r i e s to C o m p t r o l l e r b r o u g h t down
D e l i v e r i e s t o St'Ctetary's Office b r o u g h t d o w n
B a l a n c e s on h a n d J u n e 30 1888
w
hj
O
PO
H
O
u.
B a l a n c e s 1887 b r o u g h t d o w n
B A L A N C E S . — B a l a n c e s 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 i n g J u n o 30, 1888.
N u m b e r of
sheets.
Q
n
X
X
Ul
U. S. BONDS, E T C . , R E C E I V E D AND ISSUED.'
CXXXI
TABLE W . — S T A T E M E N T O F U N I T E D STATES BONDS AND OTHER OBLIGATIONS R E C E I V E D AND ISSUED BY THE OFFICE OF THE SECRETARY OF THE TREASURY FROM
N O V E M B E R 1, 1837, TO OCTOBER 31, 1888, I N C L U S I V E .
Title of loan.
Oregon war debt, act of Mar. 2,1861
Loan of J u l y and Aug., 1861, acts of July 17 and
Aug. 5, 1861
Five-twenty bonds of 1862, act of Feb. 25,1862..
Bonds issued to Pacific railroads, acts of Julv
1,1862, and July 2,1864 . :
.\.
L o a n of 1863 (1881's), a c t of Mar. 3,1863 . ..
Gold certificates (old issue), a c t o f M a r . 3,1863...
T e n - f o r t y b o n d s ofa864, a c t of M a r . 3,1864
S e v e n - t h i r t y n o t e s of 1861-'64, a n d '65, a c t s of
J u l y 17, 1861, J u n e 30,1864, a n d M a r . 3, 1865..
Consols of 1865, a c t of M a r . 3,1865
1
Consols of 1867, a c t of M a r . 3,1865
Consols of 1868, a c t of M a r . 3,1865 . . . .
F u n d e d loan of 1881, 5 p e r c e n t . , a c t s of J u l y 14,
1870, a n d J a n . 20,1871
F u n d e d loan of 1891,4^ p e r cent., a c t s of J u l y
14,1870, a n d J a n . 20,1871
F u n d e d loan of 1907, 4 p e r cent., a c t s of J u l y 14,
1870, a n d J a n . 20 1871
C e r t i f i c a t e s of deposit, a c t of J n n e 8,1872
S i p e r cent, b o n d s , a c t s of J u l y 17 a n d A u g . 5,
1861
' ....
Sh p e r cerit. b o n d s , a c t of M a r . 3,1863
3^ p e r cent, bonds, a c t s of J u l y 14,1870, a n d J a n .
20,1871
":
3 p e r c e n t , b o n d s , a c t of J u l y 12,1882
R e c e i v e d for
R e c e i v e d for
exchange
and transfer. redemption.
Total.
Issued.
$1,150
$1,150^
26, 450
10, 000
26 450>
10, 000
$6,128, 000
$6,128, 000
1,500
20, 620
6, 200
. 12, 256, 000*
1 500
20i 620
r•
5,20O
8' 400
16, 500"
93, 400
1,050
8,400
16,500
93,400
1, 050
76, 900
76, 900
30, 939, 200
70, 817, 700
107, 884, 900
33,. 242, 600
50-, 412, 650
27, 815, COO
30, 939, 200
. 95,121,000
70.818, 700
32, 400, 000
192, 049, 050
60, 215,000
3, 0.50
4,100
3, 050
4,100
6,900
836, 900
5,900
835, 900
112, 580, 370
140, 285, 900
360, 751,170.
APPENDIX TO THE REPOET ON THE FINANCES.
H. Ex. 2
1
APPENDIX.
EEPORTS OF HEADS OF BUREAUS AND SUPERVISING SPECIAL AGENT.
(No. 1.)
EEPOET OF THE TEEASUEEE.
T R E A S U R Y OF T H E U N I T E D S T A T E S ,
Washington, N'ovembe'^1^ 1S8S,
SIR : I have the honor to submit the annual report on the operations
a-nd condition of the Treasury.
R E C E I P T S AND E X P E N D I T U R E S .
The net revenues for the fiscal year ending June 30, 1888, were
1379,266,074.76, and the pet expenditures $26'7,924,801.13. As compared with the preceding year, the revenues were $7,862,797.10 greater
and the expenditures $7,378.84 less. The following statement shows
the amounts for the two years and the increase and decrease:
•
.
•
S l e v e n u e frora—
Customs
Internal revenue
Sale of p u b l i c l a n d s
Miscellaneous sources
Total
ITet i n c r e a s e
E x p e n d i t u r e s on a c c o u n t of—
Civil a n d m i s c e l l a n e o u s :
Customs, light-houses, public
buildings, etc
SCnternal r e v e n u e
I n t e r i o r civil (lands, p a t e n t s ,
etc.)
T r e a s u r y p r o p e r (legislative,
e x e c u t i v e , and o t b e r c i v i l ) .
TDiplomatic (foreign r e l a t i o n s )
J u d i c i a r y a n d q u a r t e r l y salaries
-". W a r Department
Navy Department
(
Interior Department
(Indians
and pensions)
I n t e r e s t on p u b l i c d e b t
P r e m i u m on p u b l i c d e b t
. Total
N e t decrease
S u r p l u s a v a i l a b l e for r e d u c t i o n of
debt
1887.
1888.
Increase.
$217, 286, 893.13
118, 823, 39L.22
9,254, 286. 42
20, 038, 706. 89
$219,091,173.63
124, 296, 871. 98
11,202,017.23
24, 676, OIL 92
$1,804, 280. 50
5, 473, 480. 76
1,947,730.81
371,403, 277. 66
379, 266, 074.76
9, 225, 492. 07
7, 862, 797.10
23, 795. 933.12
4, 070,126. 59
20, 359, 455.15
3,809, 557. 94
Decrease.
$1,362, 694.97
3, 436, 477. 97
260, 568. 65
7,821,225.31
7,859,468.41
38,342,337.73
7,104,490. 47
34, 575,466. 33
1,593,46L40
4,130,712.37
38, 661, 025. 86
15,141,126.80
4,754,851.57
38, 522,436.11
16, 926, 437. 65
81,223,624.48
47, 741, 577. 25
86, 537, 816. 64
44,715,007.47
8, 270,842.46
8, 270, 842.46
267, 924, 801.13
16,032,727,77
267, 932,179. 97
38, 243.10
3 766 87L40
5, 511, 029. 07
624,139. 20
38,589.74
1, 785, 310.85
5, 314,192.16
3, 026, 569. 78
16, 040,106.61
7 378.84
.
103, 471, 097. 69
111, 341, 273. 63
1, 362, 694.97
7, 870,175.94
4
REPORT ON T H E FINANCES.
The revenues of the Post-Office Department w,ere $52,229,384.97, of
which $22,877,485.05 was, deposited ia the Treasury and $29,351,899.92:
was disbursed by postmasters. The total expenditures were $55,894,298.06, or $3,664,913.09 more than the receipts. The advances from the
deficiency appropriation amounted to $3,160,820.47.
T H E STATE O F T H E TREASURY.
Thenet changes that occurred during the year in the state of thC'
Treasury were an increase of $37,526,468.<s6°in the total assets and adecrease of $23,053,394.77 in the totaliiabilities, making an increase of
$60,579,863.63 in the aggregate balance. There was an increase in every.
clafeS of assets excepting silver, and minor coin, and a decrease in^^every
class of liabilities excepting checks and drafts outstanding and balances
remaining to the credit of disbursing officers. The total assets, including certificates of deposit in the Treasury cash, increased $ 142,425,251.29^,
from $622,304,284.22 to $764,729,535.5K A summary of the assets and
liabilities ou June 30, 1887, and June 30, 1888, and of the changes between the two dates, is given in the following statement:
es
J u n e 30, 1887.
J u n e 30, 1888.
$192, 598, 626. 85
85,381,026.76
$204, 449,.750. 75
110, 255, 07L71
277,979,653.61
91,193, 507. 00
314,704,822.46,
121, 0'94, 650. 00
186, 786,146. 61
193,610,172.46
Standard silver dollars
Silver b u l l i o n . . . . .
211, 491,.527. 00
11,012,067.97
244,181,394.00
10,457,669.35
Total
;
Less certificates actually outstanding
222, 503, ,594. 97
142, .327, 950. 00
254, 639, 063. 35
200, 759, 657. 00
Silver balance
80,175, 644. 97
53, 879, 406. 35
TJnited Sta tes notes
Less certificates actually outstanding
29, 625. 408 29
8, 830, 000. 00
53 345 975. 89
14, 665, COO. 00
.'20,795,408. .29'
38, 680, 975. 89
17, 885, 567. 60
2,415, 57K 41
23, 316, 877. 91
7.055,541.08
58; 712, 5IL 11
4, 639, 969. 67
35, 395, 633. 20
313, 489, 649.19
351, 938, 606. 89
38, 448, 957. 70
Increase,
Decrease.
ASSETS.
Gold coin
Gold bullion . . ;
Total
Less certificates actually outstanding
Golct balance
,
TJnited States note balance
National-bank notes, including notes
in process of redemption
Deposits in national-bank depositaries
Total net assets
^
•
$6, 824, 025. 85
$26, 296, 238.62:'
'
LIABILITIES.
iPublic d e b t a n d i n t e r e s t
R e s e r v e for r e d e m p t i o n of U n i t e d
States notes
^
D i s b u r s i n g ofiicers' b a l a n c e s , e t c
Outstanding drafts and checks
F i v e p e r cpnt. fund for r e d e m p t i o n
of n a t i o n a l - b a n k n o t e s
F u n d f o r r e d e m p t i o n of n o t e s of b a n k s
"failed," " i n liquidation," and
" reducing circulation "
Post-Office D e p a r t m e n t a c c o u n t
32,813,318.62
14, 087, 779. 08
100. 000. 000. 00
23, 6^8,,693. 18
2,177, 221.45
100, 000, 000. 00
26, 645, 827. 34
2, 576, 562. 34
8,113, 335. 33
6, 976, 727. 62
1,136, 607. 71,
97,992,918.10
6, 559, 255. 37
91, 952, 843. 65
6, 051, 607. 25
6,040,074.45507, 648.12r
271, 344, 742. 05
248, 291, 347. 28
, Available balance
Assets not available:
M i n o r coin
F r a c t i o n a l s i l v e r coin
42,144, 907.14
103, 647, 259. 61
115, 472. 94
26, 963, 998. 98
112, 920. 73
26, 044, 062. 35
Total balance
69,224,379.06
129, 804, 242. 69
T o t a l liabilities
18, 725, 539. 54
2, 957,134.16
399, 340. 89
23, 053, 394. 77"
61, 502, 352. 47
2, 552. 21:
919,936.63;
60, 579, 863. 63
TREASURER..
5
In the appendix will be found the detailed statements for the same
•dates, together with statements of the assets and liabilities of each office
-of the Treasury, and the composition of tbe bullion fund on June 30,1888,
summed up and reconciled with the accounts of the Register of,tbe
Treasury. These statements show tlie actual condition existing at the
close of business in each office on the day for which they are made up^
.and therefore differ from the monthly statements heretofore published,
and also from the statistical tables in the appendix, which are compiled
for the last day of each month from the latest reports then in the
Treasurer's hands. The difference is therefore one of date aud not of
-amount. Similar differences haye been minutely explained in former
reports.
UNAVAILABLE FUNDS.
There occurred during the fiscal year a deficit of $10,197.65 in the
-;sub-treas ury in IsTew York. The amount of the deficit in the sub-treasury in ;New Orleans was reduced by $681.75. The net change in the
total sum described as unavailable was therefore ah increaseof $9,515.90.
In the appendix will be found a statement of these funds, classified as
they appear in the statement of assets and liabilities of the several
offices. The amount on deposit with the States uuder the act of June
23,1836, is not carried on the books of the Treasurer as an asset, though
it stands charged against hiin ou the books of the Eegister of the
Treasury. The amount of the dehcit in the branch mint at San Fran'Cisco is carried as an asset by the mint, but those in the other mint
offices are not. Of the total of $1,429,450.34 unavailable from loss,
^1,396,879.50 is excluded from the cash as reported in the public debt
•stateuient, while $32,590.84, composed of the deficit of $20,959.81 in
the sub-treasury at JSTew Orleans and the defalcation of $11,611.03 in
the assay-office at Boise City, is included.
There is no fund that can be used for the detection of crimes resulting in the loss of any of the moneys or securities in the Treasury, or for
bringing the guilty persons to trial and punishment. If such work
should become necessary it would have to be undertaken at the Treasurer's private expense. It is respectfully urged that a sufficient fund
be provided'for this purpose. There should also be a fund that would
•enable the Treasurer personally to visit the sub-treasuries whenever,
during the regular examinations or at other times, it would he to the
advantage of the public service.
T H E P U B L I C DEBT.
In the appendix will be found a recapitulation of the public debt statement for the end of each fiscal year since elune 30, 1880. There is
also given a statement of the changes that occurred during the last
fiscal year in the principal of the interest-bearing debt and debt on
which interest has ceased, showing a net decrease of $74,788,920.
Four per cent, bonds of the face value of $48,150 were issued in ex<3hange for $37,200 in refunding certificates and the interest on them.
The aniount of 5 20 bonds of 1862 outstanding, as shown by the
debt statement, was increased by $509, under the provisions of the
a^ct of August 5, 1882, which enabled the accounting officers to make
the necessary entries on the books of the Department to correct an error
caused by the payment of a bond, in 1877, on fraudulent evidence that
if had been destroyed. The redemptions of this class of bonds were.
f 11,800, but the decrease shown by the debt statement was only $11,300,
b
REPORT ON T H E FINANCES. "
Under the Department circular dated August 3, 1887,. interest
amounting to $2,136,839.48 on 4 and 4 J per cent, bonds was prepaid with
a rebate of 2 per cent, per annum. The amount of the rebate was$9,259.22. The following statement shows the particulars of this transaction:
Interest.
Title and class.
Principal.
Eebate.
Due.
P o u r p e r c e n t , funded loan of 1907 :
Registered
.Coupon.
' Registered
Coupon
:
$69, 554, 800
11,165, 850
71, 003, 800
1, 374, 850
Oct.
Oct.
Jan.
Jan.
1,1887
1,1887
1, 1888
1,1888
Total.
F o u r - a n d - a - b a l f p e r cent, f u n d e d loan
of 1891:
Eegistered
19, 591, 650
Coupon
224,900
Registered
' . . . 22, 055, 400
Coupon
^
,...
407, 800
Sept.
Sept.
Dec.
Dec.
1,1887
1,1887
1,1887
1,1887
Total.
B o n d s i s s u e d t o Pacific E a i l r o a d s :
Eegistered
4, 340, 000 J a n .
1,18S8
Aggregate .
N e t amountpaid.
Amount.
$695,
111,
710,
' 13,
548. 00 51,578.60
658. 50
21.30
038. 00 5,113.06
748. 50
88.91
1, 530, 993. 00
», 801. 87
220, 405. .59
2, 529. 96
248,122. 88
4, 588.05
177. 20
1.89
1, 40.5. 28
22.38
475, 646. 48
6.75
$693,969. 40>
111, 637. 20704, 924. 94
13, 659. 591, 524,191.13
220,
2,
246,
4,
228. 39^
528.07
717. 60*
565. 67
474, 039.73:
130, 200. 00
850.60
129, 349.40-
2,136, 839. 48
9, 259. 22
2,.127, 580. 26^
Under the circulars of August 3 and September 22, 1887, 4 per cent,
bonds of the principal of $5,389,250 and 4J per cent, bonds of the principal of $19,455,400 were purchased for the sinking fund. Under the
circular of April 17, 1888, $18,282,100 of 4 per cents and $8,337,550 of
4J per cents were jjurchased out of surplus revenues. The total purchases weie $51,464,300. The following is a statement of the principal
and accrued.interest extinguished by these purchases and the net amount
of premium and average price paid:
D a t e of circular.
Loan.
F u n d e d loan of 1907
Eegistered.
Total
Interest
principal. accrued.
Net
premium..
Average
price;
Sept.
Apr.
22,1887 $988, 400 $4, 400,850 $5, 389, 250 $43, 817. 79 $1, 296, 049. 71 124.050'
17,1888 4, 066, 200 14, 215,900 18, 282,100 94, 060. 09 4, 839, 578. 71 126. 472
Aug.
Sept.
Apr.
-3,1887 •2, 528, 000 9, 037, 300 11, .565, 300 66, 099. 65
22,1887 1, 354, 650 6, 535,450 7, 890,100 28, 998. 78
17,1888 1,591,650 6,745, 900 8, 337, 550 59, 403. 92
5, 054, 600 18, 616, 750 23, 671, 350 137, 877. 88 6,135, 628 42 125. 920>
Total
F u n d e d loan of 1891
Coupon.
Total
A.ii2!re£rate
922,195. 43 107. 974:
633, ^70. 74 108. 032
579, 247. 87 106. 947
5,474, 300 22,318,650 27, 792, 950 154, 502. 35 2,135,214. 04 107. 683^
10, 528, 900 40, 935, 400 51, 464, 300 292, 380.23 8,270,842.46
COIN AND P A P E R CIRCULATION.
The gold and silver coin and bullion in the country and all kinds of
notes and certificates amounted, on June 30, 1887, to $1,925,259,882.^37/
and on June 30, 1888, to $2,093,562,072.17. The increase of the stock
of gold and silver was $84,877,789.35, the greater part of which was in
gold. The increase of the paper currency was $83,424,400.45, resulting from an increase of $110,319,955 in certificates and a decrease of
TREASURER.
$26,895,554.55 in notes and fractional currency. The following statement, taken from a table in the report of the Secretary of the Treasury,
compiled in this office, shows the amounts and total of gold and silver
and also of the several kinds of paper money on the two dates:
Kind.
Gold coin and bullion
Silver dollars and bullion
Practional silver coin
• J u n e S O , 1887.
i
Total coin and bullion
$654,520,335.00
277, 445, 767. 00
75, 547, 799. 00
$705, 818, 855.00
310,166,459.35
76,406,376.00
1, 007, 513, 901. 00
.1, 092, 391, 690.35
98, 697. 00
57,130. 00
65, 605. 00
192, B80. 00
322, 898. 37
217, 788. 00
681, 016. CO
080, 000. 00
486, 817. 00
543,150. 00
82,372.50
56, 807. 50
63, 835.00
189, 530. OG
15, 298, 677. 82
252, 368, 321. 00
346, 681, 016. 00
14,915,000.00
142, 023,150. 00
229,491,772.00
State-bank notes
Demand notes
One and two year notes
Compound-interest notes
Fractional cui rency
National-bank notes
United States notes
Certificates of deposit, act of June 8, 1872
Gold certificates
Silver certificates
15,
279,
346,
9,
121,
145,
' Total paper circulation
Aggregate
J u n e 30,1888.
917,745, 98L 37
1, 001,170, 381. 82
1, 925, 259, 882. 37
2, 093, 562, 072.17
The gold and silver are given as estimated by the Director-of the
Mint and the bank notes as reported by the banks to the Comptroller
of the Ourrenc3\ The amounts of the Grovernment issues of notes and
certificates are taken from the public-debt statement.
In the appendix will be found, in addition to the usual tables, statements showing the total issues and redemptions of United States notes
and gold and silver certificates, and also the ainounts and percentage,
of the denominations of each outstanding for a series of years.
UNITED STATES NOTES.
The redemptions of United States notes at the Treasury during the
year amounted to $63,652,000, against $74,068,000 the year beforCo
The redemptions at l^ew York in gold were $692,596, making $26,736,454
in all since the resumption of specie payments. There have been no
redemptions in gold at San Francisco under authority of the act of
March 3, 1887. The amounts of each denomination outstanding at the
close of each of the last four fiscal years are shown in the following
table:
Denomination.
One doll-^r
Two dollars
Five dollars
Ten dollars
Twenty dollars
Pifty dollars
One hundred dollars
Five hundred flollars
One thousand dollars
Five thousand/dollars
Ten thousand dollars
Total
. Less unknown denominations destroyed in sub-treasury in Chicago
fire
Outstanding
1885.
1886.
$24. 952,061. 80 $17, 603, 922. 40
25, 295,069. 20 38,204, 369. 60
75, 997,805. 00 85, 629, 219.00
64, 539,386. 00 66, 658, 661. 00
65,12t),509,00
55, 078, 379.00
23, 459,895. 00 23,291, 265. 00
32, 896,790. 00 31, 359, 700. 00
16, 557,000.00
12,424, 000. 00
28, 716,500.00
37, 36L 500. 00
100, 000. 00
60, 000. 00
10, 000.00
4o: 000.00
347,681, 016. 00
347, 681, 016.00
1,000,000.00
1,000,000.00
346, 681, 016. 00
346,681,016.00
1887.
$8, 797, 376. 50
9, 008, 572. CO
95, 064,850. 50
80, 371, 47L 00
63, 929, 361.00
21,908,985.00
29, 643, 400. 00
7, 704, 500. GO
31,197, 500. 00
45, OCO. 00
10, OCO. 00
347, 681, 016. 00
1,000,000.00
346, 681, 016. CO
$5,180, 232. 50
4, 976, 936. 00
81, 054, 872. 50
86, 264, 40LOO
84, 813, 924. 00
21,870, 550. 00
31,104, 100.00
8, 068, 000. 00
24, 303, COO.00
35, 000. 00
10, 000. 00
347, 681, 016.00
1, 000, 000. 00
346, 681, 016. 00
8
REPORT ON T H E
FINANCES.
With the increase of the gold and silver certificates, the volume of
which together is now larger than that of the United States notes, the
importance of the latter in the circulation of the country has declined.
The denominations below ten dollars are being displaced by silver certificates, and'those above one hundred dollars largely by gold certificates.
.
The question of the probable loss and destruction of paper currency
lias received some attention, without any very definite result. In the
appendix are given tables showing the course of the redemptions of
the first issues of United States notes. It must be borne in mind that
these notes have lost none of their qualities as money through age or any
other cause than -wear. Many of them, of certain denominations, have
doubtless performed the single function of lying in the reserves ofbanks,
where they have had little handling, and where they are likely to remain until they are called in by the Government. Until this is done, or
some other cause brings them to the Treasury, the loss from destruction
must be more or less a matter of conjecture. The most careful estimate
from the data at hand would place it at 1 per cent, or less, according to
the denomination. This is supported, too, by the history of earlier
paper issues of the Government.
CERTIFICATES OF DEPOSIT, ACT OF J U N E 8, 1 8 7 2 .
The certificates of deposit issued during the year for United States
notes received from national banks amounted to $24,110,000. The redemptions were $18,465,000, leaving outstanding $14,665,000, which is
a little below the average for the last nine years. The total amounts
, issued, redeemed, and outstanding at the end of each fiscal year since
the first issue are shown in the following table. The decrease of the
use of these certificates since 1886 is due in great part to the change in
the manner of redeeming them, the holders now receiving the same
notes that wiere deposited, instead of new notes as formerly.
Fiscal year.
1873
1874
1875
1876
1877
1878
1879
1880...
Total
issued.
$57, 240, 000
137, 905, 000
219, 000, 000
301,400, 000
378, 285, 000
464, 965, 000
554, 730, 000
601, 785, 000
Total
redeemed.
Outstandi n g a t close
of fiscal
year.
$25,430, 000 $31,810,000
78, 915, 000 58, 990, 000
159, 95.5, 000 59, 045, 000
268, 260, 000 33,140, 000
324, 305, 000 53, 980, 000
418, 720, 000 46, 245, 000
525. 400,000 29, 330, 000
588, 660; 000 13,125, 000
Total
issued.
Fiscal year.
1881
1882
1883
1884
1885.
1886
1887
1888
Total
redeemed.
$612, 850, 000 $601, 235,
629, 760, 000 616. 400,
649,790, 000 636, 610,
676, 660, 000 664, 430,
733, 215, 000 703, 930,
780, 865, 000 762, 755,
815, 765, 000 806, 745,
839, 875, 000 825, 210,
000
000
000
000
000
000
000
OCO
Outstandi n g a t close
of fiscal
year. '
$11,615, 000
13, 360, 000
13,180, 000
12,230, 000
29,285, 000
18,110, 000
9, 020, 000
14, 665, 000
In the appendix will be found a tabulated statement of the United
States notes and of these pertificates in the Treasury cash, the amount
of the certificates in circulation, and the net amount of United States
notes in the Treasury at the end of each month from March, 1878.
GOLD CERTIFICATES.
The volume of gold certificates outstanding increased in the year to
$142,023,150, the highest point yet reached at the end of any year
since the issue began. The excess of the issues over the redemptions for the year was $20,536,333. In the same tinie the ainount in
the Treasury cash decreased from $30,293,310 to $20,928,500, so that
TREASURER.
\)
the total increase of the circulation was $29,901,143. The greater part
of the change was in the denominations of $1,000 and $5,000, which
are much used in the transactions of the sub-treasury in 'New York
with the custom house and the clearing-house. The amount outstanding o f t h e series of 18G3 was reduced to $2,333,580. The following
statement shows the amounts of each denoifiination issued and redeemed during theyear, the total issued aud redeemed, and the amounts
outstanding Juue 30, 1887, and Juue 30, 18S8 :
Issued.
Denomination.
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars . . .
One t h o u s a n d dollars . . .
Five thousand dollars...
T e n t h o u s a n d dollars . . .
Account Geneva award.
Outstanding J u u e
30,1887.
$10, 872, 062
8, 225, 355|
7, 957, 400
12, 031, OOOi
17, 376, OOOj
13,19.5,000
51, 830, OOO
During
fiscal
year.
160,
500,
800,
700,
000,
000,
000,
T o J u n e 30,1888,
000
000|
000
cool
000
000
000
Redeemed.
Duiing
fiscal'
year.
$21, 040, 000. 00i$2, 070, 062
17, 800, 000. 00 2, 480, 205
40,234,300.00 2,088,400
64, 844, 000. 00 4, 420, 000
161, 881, 000. 00 5, 875, 000
500,385,000.001 9,330,000
429, 330, 000. 00 38, 360, 000
33, 000, 580.46|
T o J u n e 30,1888,
7,
26,
42.
136,
476;
385,
33,
Outstanding J u n e
3d, 1888.
078, 000. 00 $12, 962, 000
554, 850. 00 10, 245,150
565,300.00, 13,669,000
533,000.00; 12,311,000
380,000.00 25,501,000
520, 000. 00| 23, 865, 000
860,000.00 43,470,000
000,580.46..:
121, 486,817 85,160, 000 1, 258, 514, 880.46 64, 623, 667 1,116,491,730.46142,023,150
Total .
. The table below exhibits the amounts issued, redeemed, and outstanding for each fiscal year since the issue began, on Noveinber 13,1865:
Issued during
fiscal y e a r .
Fiscal year.
1866
1867 '
1868 :
1869
1870...
1871
1872
1873
1874
1875"
1876
1877
1878
1879
1880
1881
1882...:
1883
1884
1885
1886
1887
1888..
.
.
$98, 493, 660.00
109,121, 620. 00
77, 960, 400. 00
80, 663,160. 00
76,731,060.00
56, 577, 000. 00
63, 229, 500. 00
5.5, 570, 500. 00
81,117,780.46
70, 250,100. CO
90, 619,100. 00
58,141, 200. 00
50, 342, 400. 00
12, 317,400. 00 .
86,710,000.00
41, 470, COO. 00
63, 000, 000. 00
1, 040, 000. 00
"*85,'i60,"66o'6o"
Total issued.
Redeemed durn g fiscal y e a r .
$98, 493, 660. 00 $87,545,800.00
, 207,615,280.00 101, 295, 900. 00
79, 05.5, 340. 00
285, 575, 680. 00
65, 255. 620. 00
366, 238, 840. 00
75,270,120.00
442, 969, 900. 00
71, 237, 820. 00
499, 546, 900. 00
51, 029, 500. 00
562,776,400.00
48,196, 800. 00
618, 346, 900. 00
97, 752, 680.46
699, 464,680.46
71, 278, 900. 00
769,714,780.46
83, 734, 000. 00
860, 333, 880.46
45, 250, 000. 00
918, 475, 080.46
47, 548, 000. CO
968, 817, 480.46
41,270,700.00
981,134, 880. 46
7, 409,100. 00
981,134, 880. 46
981,134, 880. 46,
2, 221, 680. 00
981,1.34, 880.46
•745, 800. 00
1, 067, 844, 880. 46
9, 368,480. CO
1,109, 314, 880. 46
25,455,980.00
1.172, 314, 880.46
21,069,520.00
1.173, 354, 880.46
10,188,895.00
1,173, 3.54, 880. 46
9, 687, 428. 00
1, 258, 514, 880. 46
64, 623, 667. 00
Total redeemed.
Outstanding at
close of
fiscal y e a r .
$10, 947, 860. 00
$87, 545,800. 00
18 773,580.00
188,841,700.00
267, 897, 040. 00
17, 678, 640. 00
333,152, 660. 00
33,086,180.00
408, 422, 780. 00 • 34, 547,120. CO
479, 660, 600. 00
19,886, 300. 00
530,690,100.00
32, 086, 300. 00
578, 886, 900. 00
39, 460, 000. 00
676, 639, 580. 46
22, 825,100. 00
747,918,480.46
21, 796, 300. 00
831,652,480.46
28, 681, 400. 00
876, 902, 480. 46
41, 572, 600. 00
924, 450, 480.46
44, 367, COO. 00
9.65. 721,180. 46
15, 413, 700.00
973,130, 280. 46
8, 004, 600. 00
975, 351,960. 46
5, 782,920.00
976, 097, 760.46
5, 037,120. 00
985. 466, 240.46
82, 378,640.00
1, 010, 922, 220. 46
98, 392, 660. 00
140,323,140.00
1,031,991,740.46
131,174,245. 00
1, 042,180, 635. 46
121, 486, 817. 00
1,051,868,063.46
1,116, 491, 730. 46
142, 023,150. 00
SILVER CERTIFIOATES.
The silver certificates issued during the year amounted to $105,896,000,
and those redeemed to $21,917,378, increasing the amount outstanding
from $145,543,150 to $229,491,772. The holdings of the Treasury, however, increased from $3,215,200 to $28,732,115, so that the increase in
the actual circulation was only $58,431,707. The certificates issued
were nearly all ofthe denomination of $10 and under, of which the bulk
of this circulation now consists. The following table shows, by de
10
REPORT ON THE FINANCES.
nominations, the amount outstanding June 30, 1887, the amounts is»
sued and redeemed during the year, the total issues and redemptions^,
and the amount outstanding June 30, 1888 :
Issued.
Outstandins^
• J u n e S O , 1887.
DenoiTQinatioii.
Redeemed.
Outstanding:
During
T o J u n e 30, D u r i n g fiscal T o J n n e SO, JuneSO, 1888.
fiscal y e a r . , 1888.
year.
1888.
One dollar
$13,979,496.10 $14,172, 000 $28, 328, 000 $1, 419,892.10
8, 905, 99.6.40 10, 424, 000 19, 400, 000
732, 758. 40
Two dollars
7, 728, 241. 50 44, 700, 000 52, 460, 000
818, 381. 50
Five dollars
54, 200, 870. 00 36, 520, 000 128,794, 000 10, 255, 360. 00
Ten dollars
50, 629, 016. 00
80, 000 83, 586, -IOO 6, 868, 856. CO
Twentv dollars
804, 500. 00
12, 050, COO
Fii"ty dollars
. . . 5,196,100.00
660,130. 00
3,713,430.00
14,140, 000
One hundred dollars
188, 500. 00
Five hundred dollars. 669, 000. 00 •
13, 650, 000
199, COO. 00
521, OGO. 00
23, 490, 000
Onethousand dollars..
Total
$1, 596, 396
802, 762
850,140
48, 328, 490
39, 745, 840
7, 658, 40t)
11, 086, 700
13,169. 500
23,168, 000
145, 543,150. 00 105, 896, 000 375, 898, 000 21, 947, 378. 00 146, 406, 228
$26
18,
51,
80,
43,
4,
3,
731,604
597, 238
609, 860^
465, 510
840,160^
391, 600
053, SCO"
480, 500
322, CCO^
229,491,772
As it had been impossible to meet the demand for the one and two^
dollar certificates, it was deemed expedient to suspend their issue for
a while in order to accumuhite a supply, and accordingly none were
paid out between October 18, 1887, and February 3, 1888. Since the
latter date the Treasurer has been able most of the time to furnish
them as they have been asked for. The seasoning which the notes now
receive after they come from the presses fits them better for wear, and
the result is seen in the improved condition of those now in circulation^.
The excess of standard silver dollars in the Treasury over the silver
certificates outstanding, inclusive of those on hand, rapidly declined
during the first eight months from about sixty-six millions to a daily .
average of about twenty millions. Whether the limit will be reached,
so that the issues must be confined to the amouut of the redemptions
and of the receipts of the doilars, depeuds of course upon the capacity
of the country to absorb the paper, and can not certainly be foretold. I t
seems likely, however, that before long the whole of the Treasury stock
of the coin will be represented by certificates.
The issues and redemptions and the amounts outstanding, by fiscal
years, are given iu the follovYing statement:
Fiscal year.
1878
1879
1880
1881
1882
1883
3884
1885 "
J 886
1887 ^
1888
. . . .
.
I s s u e d duri n g fiscal
year.
$1,850,410
9, 149, 590
10,018,000
40, 912, 000
24, 300, 000
35, 040, 000
52, 280, 000
40, 000, 000
4, 600, 000
51,8.52,000
105,896,000
Redeemed
T o t a l is&ued. d u r i n g fiscal
year.
$1,8.50,410
11,000,000
21,018,0-10
61, 930, 000
86, 230, 000
121,270,000
173, 550, 000
213,550,000
218.1.50,000
270, 002, OCO
375, 898, 000
$8, 460, 050
183, 680
2,119, 740
9, 369, 820
12,519,879
20, 005,140
20, 990, 045
28, 523, 971
22, 286, 625
21, 947, 378
Total redeemed.
$8, 460, 050
8, 643, 730
10,763,470
20,133, 290
32, 653,169
52, 658, 309
73, 648, 354 •
102,172, S25
124, 458, 850
146, 400, 228
Outstanding
a t close of
fiscal y e a r .
$1,850, 4l'o
2, 539, 950
12, 374, 270'
51,166,530'
66, 096, 710
88, 616, 831
120, 891, 691
139, 901, 646'
115, 977, 675
145,543,150
2-^9, 491, 772
STANDARD SILVER DOLLARS.
The coinage of standard silv^er dollars during the year amounted to
$32,484,673, bringing the total coinage to $299,424,790. Of the year's
increase in the stock of these coins, $32,445,517 rested at the year's end
in the vaults of the Treasury-, and $39,156 in the hands of the people*
11
TREASURER.
The following table shows the annual coinage and movement:
Fiscal year.
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
Annual
coiuage.
Total
coinage.
$8, 673, 500
$8, 573, 500
35, 801, 000
27, 227, 500
63, 734, 750
27, 933, 750
91, 372, 705
27,637,955
27, 772, 075 119,144, 780
28,111,119 147, 255, 899
28, 099, 930 175, 355, 829
28, 528, 552 203, 884, 381
29, 838, 905 ' 233, 723, 286
33, 266, 831 266, 990,117
32,484,673 299, 424, 790-
On h a n d a t
close of
year.
$7,718,357
28,147,351
44, 425, 315
62, 544,722
87, 153, 816
111, 914, 019
13.5, 560, 916
16.5,413,112
181,253,566
211,483,970
243, 879, 487
N e t distribu- Outstand- P e r c e n t a g e P e r c e n t a g e
total
t i o n d u r i n g i n g a t close of a n n u a l c oof
of y e a r . c o i n a g e dis- s itna angdei nogu. t year.
tributed.
$855,143
6, 798, 506
11, 655, 786
9,518,548
3,162, 981
3, 350, 916
4, 453, 033
— 1 , 323, 644
13, 998, 451
3, 036, 427
39,156
$855,143
7, 6.53, 649
19, 309, 435
28, 827, 983
31, 990,964
35, 341, 880
39,794,913
38,471,269
52, 469, 720
55. 506, 147
55, 545, 303
9.9
24.9
41.7
34.4
11.3
n.9
15.8
46.9
9.1
0.1
21.3
30.2
31.5^
26.8
' 24. 0'
22. 618. 822.420.7
18.5.
Owing to the scarcity of one and two dollar notes, and the annual
demand occasioned b}^ the movement of crops, between the endof May
and the end of November, 1887, nearly nine millions ofthe dollars were
drawn into circulation, many of them against the protest of the persons
who took them, but when the notes were again to be had the dollars
came back to the Treasury as fast as they had gone out. The various
efforts that have been made to put the coins into,greater circulation have
pretty clearly demonstrated that the people, who are willing to pay for
them, through the Treasury, in gold, and to be at the expense.of coining and transporting them, have all of them they want or are willing
to take. The recent movement to make room for them by stopping the
issue of paper currency of less denomination than $10 was met by the
law creating the small silver certificates—another expression of the will
that the purchase of silver should be continued, but the circulation of
the dollars restricted. The opinion of the late Treasurer, that $65,000,000
is the extreme limit of the circulation that may be obtained^ has so far
been borne out by experience.
Whatever may be said of the policy of buying silver in a falling market—a speculation that is not likely to prove any the less losing because
the public funds are employed in it—the reasons why the coinage of the
bullion into dollars should be stopped seem to be conclusive. The fictitious value at which the coins are issued makes them a purely subsidiary domestic currency, the limit of the amount of which must be
fixed by our own wants. Once coined, they are on our hands. They
can not be melted or exported. Their accumulation loads us down with
tokens and threatens to hamper us in our dealings with other nations,
while we are rich enough to have good money. It is plain that not
more than one to each inhabitant can be kept in circulation;' the rest
mustliein the vaults of theTreasury—the representatives of the greater
value of the gold that was paid for them, or the basis of'a circulation
of certificates. The number already coined will probably answer every
demand that will be made for many years to couie. The increase of
the certificate circulation could be maintained with perfect safety and
prompt redemption if the coinage were stopped and the bullion lodged
in the Treasury in the form of heavy bars or ingots. In this way the
expense of coinage would be saved, the labor and risk of transportation, counting, aud safe-keeping much lessened, and the metal at thesame time be kept available, iu convenient shape and without loss OF
confusion of values, for any use that could be demanded of it.
12
REPORT ON T H E FINANCES.
The new silver vault in the Treasury building was turned over to the
Treasurer on the 7th day of August. It is 89 feet long, 51 feet wide,
and 11 feet 9 inches high in its interior dimensions. In it is set an iron
cage divided "perpendicularly into sixteen compartments, each 20 feet
Ibug and 10 feet wide. I t will hold a hundred million silver dollars,
and is said to be the largest treasure vault in the world. The first
shipment of coin to be stored in it was received on the 29th of August.
Since then the shipments have been at the rate of half a million dollars a day, and they will be continued ^at this rate until the vault is
filled. The additional storage capacity is equal to the total coinage of
dollars for three years 5 butby the end of that time, unless the coinage
is suspended, still further vault-room will probably have to be provided.
The Treasury holdings of silver coin on June 30, 1887, and June 30,
1888, are exhibited iu the following table:
Standard silver dollars.
F r a c t i o n a l s i l v e r coin.
Office.
Treasurer TJnited States, Washington
Assistant Treasurer United States—
' Boston
Chicago
..
Cincinnati
New Orleans
New York
Philadelphia
.
.
Saini Louis
United States mint—
Denvei"
.
^ Carson City
New Orleans
Philadelphia
...
Sau Francisco
United States a'Ssay-ofiiceBoisA City
Charlotte
New York
Saint Louis
J u n e S O , 1887.
J u n e SO, 1888.
J u n e SO,-1887.
J u n e 30, 1888..
$61, 510, 551. 00
$68, 032, 270. 00
$2,094,742.00
$2,315,341.75
3, 350, 232. 00
1, 637, 2.57. 00
2,153,107. 00
69, 287. 00
3, 694, 663.00
30,952,631.00
12, 223, 644. CO
22, 663, 333. CO
10, 872, 848. 00
3, 607, 657. 00
2, 091, 055. 00
1, 820, 808. 00
733, 500. 00
7,713,531.00
31,661,367.00
14, 786, 349. CO
18, 402, 410. 00
11,311,788.00
394,673.50
893, 741.40
1,517, 9.38 00
55, 030. 00
.411,442.21
10, 294, 232. 72
2, 438, 054. 05
7,241,081.50
1,491,005.00
499, 334. 05
842, 852. 55
1, 293,195. 00
324, 000,00
385, 026. 88
9, 726, 4 U . 35
1, 882, 202. 90
6, 936, 652. 00
1, 521, 442. 00
9, 821. CO
8,179,239.00
3.5, 386,110. 00
18, 788, 015. 00
. 5, 315. CO
11,855, 052. 00
47, 016, 836. 00
25,142, 074. 00
.80
870. 55
.17
6.5,198.04
55, 901.68
.90
594. 43
.73
18, 739. 36
297, 928. 23
350. 00
1.00
1,000.00
10.00
12.60
Total
A d d a m o u n t in t r a n s i t b e t w e e n offices
211, 491, 089. 00
438. CO
244,181, 012. 00
382. 00
26, 953, 934. 22
10, 064. 76
26, 043, 722.13
, 340. 22
Total
licss amount d u e depositors
211, 491, 527. 00
84,352.00
244,181,394.00
61, 999.00
26, 963, 998. 98
21, 818. 52
26, 044, 062. 35
17, 640.10
211, 407,175. 00
244,119, 395. 00
26, 942,180.46
26, 026, 422. 25
A m o u n t held as assets . . . .
FRACTIONAL SILYER COIN.
The amount of fractional silver coin in the Treasuryhas changed but
little since the first accumulation after the resumption of specie payments. There was a decrease during the first five months of the fiscal
year, followed by an increase of less volume in the next seven months.
THe net decrease in the vear was $919,936.63, from $26,963,998.98 to
$26,044,062.35.
The following table shows the amount of each denomination in each,
office on June 30,1888. I t will be seen that there was $20,503,136.50 in
half dollars and only $5,540,925.85 in other pieceSo There has been no
great variation recently from this proportion. I t would seem to be plain
thatthereisanexcessofsomethiuglike $15,000,000 of the fifty-cent pieces
iu the country above the amount that is needed for circulation, and this
13
TREASURER.
excess the Treasury will doubtless be obliged to carry until the pieces
are recoined into other denorninations or absorbed by the growth of
business.
Office.
Fifty cents.
Twenty-five
cents.
Twenty
cents.
T r e a s u r e r XJ. S.,
$1,491,655.00
Washington
$776, 790. CO
$17.40'
A s s i s t a n t treasurer U . S . :
35.5, 200.00
Baltimore
112,800.00
Boston
...
576, 570. 00
21.5, 890. 25
• Chica'^o
924, 000. 00 . 305, 000. 00
149, 551. 00
Cincinnati
155, 000. 00 " " 140. 66'
34.00
N e w Orleans .
255, 300. 00
104, 045. 00
New York
.7, 627, 000. 00 1, 878, 000. 00
' P n i l a d e l p h i a . 1,032,000.00
586, 000. do " " 2 0 0 . 0 0
San Francisco
6, 889, 845. 00
38, 763. CO
125. 00
268, 500. 00
S a i n t L o u i s . . . 1,197,650.00
100. 00
U . S. M i n t :
Carson City ..
333. 00
209.75
N e w Orleans .
Philadelphia .
4, 032. 50
1, 575. 50
San F r a n c i s c o
190, 027. 50
U . S. assay-office,
Denver
20, 503,136. 50
4, 632,601. 00
Unassorted.
Ten cents. Five cents.
Three
cents.
$17, 690. 00
$345. 90
$65. 55
$28, 777. 90-
28, .500.00
23, 545. SO
24,000.00
' 18,'500.00
23, 615. 00
129, 000. 00
22, 000. CO
6,681.00
28, 000. 00
200. 00
400. 00
30.00
63.00
2 604. 05'
26, 384. 00'
40,195. CO-
741. 00
13.05
68.00
172.25
1, 600. 00
1, 233. 50
350. 00
:80. 00
•4.50
.51. 60
.05
.03
13,131.30
107, 900. 70
1, 847. 58'
92,411.35
240, 222. 90
26, 842. 00
.06
.03
.7$
276. 26
63. 96
583. 42
459, 626. 63.
.90
616.40 1 442,614.90
4, 883. 50
MINOR COIN.
The minor coiu in the Treasury is mostly in good conditioii and not
in excess of what is needed. The holdings decreased from $115,472.94
to $112,920.73 during the year. On June 30,1888, they were as follows:
Office.
F i v e cents. Three cents. T w o cents.
Treasurer United States,
Washington
Assistant treasurer United
States:
Baltimore
Boston
Chicago
N e w Orleans
New York
Philadelphia
San F r a n c i s c o
S a i n t Louis .
United States mint, Philadelphia
U n i t e d S t a t e s assay-office:
Denver
New York
Total
$3, 800. 00
$315. 00
$270.00
500. 00
1, 4.50. 00
5, 600. 00
3, 341. 00
155.00
4, 002. 00
23,740. 00
5, 459. 00
200. 00
1, 680. 00
213. 00
150. 00
724. 00
101.07
1, 770. 00
3, 240. 00
1, 260. 00
630. 00
410. 00
660. 00
40.00
726.00
63. 82
520. CO
1,140. CO
150. 00
350. 00
48,247. 00
10, 083. 07
4, 328. 82
One cent. Unassorted.
Total.
$565.21
$5, 405. 21
129. 65
4, 230.00
290. 64
4, 459.79
1, 320. 45
240. 00
3, 980.10
4.24
293. 08
4, 059. 51
1, 200. 00
1,010.00
2, 387. 22
977. 28
'1,060.00 '"'i,'130.'93
6, 949. 657, 073. 4a
7,350.45
8, 770.10617. 2 r
11, 551. 51
31 517.22
7, 846. 283,370.93
22, 468. 60
22, 468.60
.06
.08
.06.
, .08i
32, 356. 59
112, 920. 73
$455. 00
17, 905. 25
RECOINAaE OF UNCURRENT COINS.
There were transferred to the mint, during the year, for recoinage^
$6,565 in gold coins and $535,355.99 in silver coins, the net loss on which
was $20,275.46. There were also transferred minor coins amounting to
$157,418.60 to be recoined .or cleaned. The silver, which was of the
following denominations, was selected with a view to relieve the Treas-
14
REPORT
ON T H E
FINANCES.
nry, to the best advantage possible, of worn pieces and pieces that are
no longer coined or circulated:
Denomination.
Fifty cents
Twenty-five cents
Twenty cents.
...
3^en cents
Five cents
Three cents
Mixed
.
.
.
Amount.
"«
.
-.--
.
--
Total fractional silver <;oin..
One dollar
$117, 577. 50
34, 834. 00
.....
2, 218. 00
6, 090. 00
14, 927. SO
1, 457.13
-- 345,197.06
521, 300.99
14, 055. 00
--
Total
535, 355. 99
;
The appropriations for this purpose have not been sufficient to maintain the coin circulation at its standard. The condition of the gold coins
in the Treasury is good, with the exception of a small amount that is
worn very nearly to the limit of tolerance; but the fractional silver has
been steadily deteriorating for some years. Most of the pieces in the
sub-treasury at San Francisco, especially the half-dollars, are very much
worn, many of them being quite smooth. I t has been impossible t o rejoin them, as the loss would have been too great in proportion to the
new coinage that it was necessary to produce. There has been a steady
demand for dimes, which at times in foriner years the Treasury was able
to sui3ply only by melting up new pieces of higher denominations, thus
avoiding apparent loss, but incurring a useless waste of labor. A
'liberal appropriation, if made available until used, could be employed
to advanta;ge in the recoinage of worn and redundant fractional silver
•ooins.
M U T I L A T E D , STOLEN, AND C O U N T E R F E I T
CURRENCY.
As compared with the preceding year, there was a marked decrease
iin the amount of the deductions from the face value of mutilated paper
^rnoney redeemed, and also in the amounts of spurious and irredeemable
notes and coins presented at the Treasury, showing a gratifying imfprovement in the condition of the money circulation in this respect.
The deductions for mutilations decreased from $8,304.23 to $4,214.39 ;
the amount of counterfeit notes, from $7,420 to $6,738; the amount of
stolen unsigned national-bank notes, from $245 to $100; and the number
©f spurious silver coins from 6,449 to 5,458. There have appeared
'Counterfeits of the one-dollar and five-dollar silver certificates, ofwhich
a few have come to the Treasury. There has also occured a theft of
$700 in unsigned notes of the First National Bank of Atchison, Kans.,
of the denominations of ten and twenty dollars, bearing the Treasurv
numbers 679,929 to 679,942, and bank numbers 655 to 66S. None of
these, notes, which are irredeemable, have yet been seen at this office.
15
TREASURER.
The following table shows the denominations and amounts of counter/feit United States and national-bank notes rejected during the year:
United
States
notes.
Denomination.
•One dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars
O n e h u n d r e d dollars
F i v e hundred dollars
.,
'....
.
-
$19
66
405
760
940
1,150
300
500
.
-
Total
4,140
Nationalbank
notes.
$28
530
860
780
400
2,598
The year's receipts of silver coin at the several offices of the Treasury
and the number of spurious pieces found are shown in the following
statement:
A r a o u n t received.
Denomination.
Standard dollars
H a l f dollais
'Quarter dollars
...
. .
.
-
- -
Total...
N u m b e r of
counterfeits.
$41,936,019.00
7, 340, 366.00
7, 014, 826.75
3, 694
742
1, 022
56, 291, 21L 75
5,458
FRACTIONAL CURRENCY.
The net value of the fractional currency redeemed during the year
was $7,400, an increase of $276.85 over the year before. The sum of
$16,920.55, accumulated since April 30, 1875, from discounts on the face
valueof mutilated notes redeemed, was covered into the Treasury on
May 12, 1888, making a total decrease of $24,320.55 in the volume outstanding, as shown by the accounts. The increase in the regular-redemptions, though slight, is noteworthy as making prominent the tendency toward a steady annual rate. This tendency, which has been
apparent for some time, and which is clearly seen in the following statement of redemptions since the issue ceased, may be taken to show that
there is still extant a considerable volume of this currency, of which a
small percentage is likely to find its way to the Treasury year by year
for some time to come.
Fiscal year.
1877
1878.-..
1879
11880
1881
1.882.....
:...
•:.
Fiscal year.
Amouut.
$14, 043, 458. 05
3, 85.5, 368. 57
705,158. 66
251,717.41
109, 001.05
58, 705. 55
1883
1884
1885
1886
1887
1888
Amount.
'
$46, 556.96
20, 629. 50
15, 885.43
10, 088. 36
7,123.15
7, 400. 00
16
REPORT ON T H E FINANCES.
POSTAL REVENUES.
The method of handling the revenues of the Post-Office Department
lacks several of the safeguards that surround other moneys of the Government. The greater part of the receipts never reach the Treasury,
but are disbursed by the postmasters into whose hands they were paid^
and upon whose statements both the Post Office Department and t h e .
Treasury must, in a certain sense, rely. Hence there is no separate
check upon either the receipt or the disbursement. The accounts themselves do not pass through the same channels as all other accounts of
revenues and expenditures. The whole system, in comparison with the
excellent one that has been devised for the public revenues, is crude
and unscientific, and there does not seem to be auy good reason why i t
should not be amended so that all of the postal funds shall be deposited
in the Treasury and there received, disbursed, aud accounted for in tho
same manner as all other public moneys.
SPEAKER'S
CERTIFICATES.
The disbursements during the year on certificates of the Speaker of the
House of Eepresentatives for the compensation and mileage of Members
aud Delegates amounted to $1,824,480.48. The method ofmaking these
X)ayments is anomalous, as the Treasurer performs regular duties of a
class which, with this exception, are devolved upon disbursing officers..
Besides, it is a hardship to him to be required to pay out nearly
$2,000,000 every year, without the warrant of the Department, on accounts which have not been audited and passed, but which are afterwards subjected to that test. The recommendation made in former
annual reports, that this duty be transferred to a disbursing officer, is.
respectfully renewed.
R E C E I P T S FROM CUSTOMS AT N E W YORK.
The receipts of the custom-house in New York were nearly the same
in amount as those of the preceding year. The only noteworthy change
in the kinds of money was an increase of about $23,000,000 in the
amount of gold certificates and a corresponding decrease in the amount
of United States notes. This is accounted for by the increased volume
of gold certificates outstanding, and the greater use made of them by
the assistant treasurer in New York in the settlement of balances a t
the clearing-house. Under the new arrangement, by which the receipts
of the custom-house are deposited by t;he banks of the city directly intothe sub-treasury, the payments are made in large sums and mostly in
large denominations of gold certificates. The receipts of silver certificates and silver coin show no increase, notwithstanding the increase
in the amotints ofthe former in circulation.
J
17
TREASURER.
The following table shows the amount of the receipts and the percentage of the total receipts, of each kind of money, by fiscal years,
beginning with 1884, and by months for the fiscal year 1888:
United
States
notes.
Period.
Per
P e r G o l d cer- P e r S i l v e r cer- P e r
Goldcoin.
ct. tificates.
ct.
ct. tificates.
ct.
Silver
coin.
P e r T o t a l re'ct.
ceipts.
\
Fiscal
year
1884
$11, 791, 000 8.8 $3, 556, 000
Fiscal
year
1885..:
36,161, OCO 29.9 1, 544, 000
Fiscal
year
1886.
59, 549, 000 44.9
941, 000
Fiscal
year
1887.:
39, 939, 500 27^3 1, 256, 750
0.7 54, 343, OCO4 L 0 17, 404, 000 13.1
390,500 0.3 132, 627, 500
.0.9 86, 887, 000 59.5 17, 564, 000 12.0
468, 750 0.3 146,116, 000
1887.
July
August
Sevtember . . .
October
November ...
December
1, 471, 000 n.6
1, 598, 000 10.3
1, 444, 000 10.4
1,405,000 1 L 3
1, 237, 000 12.1
1,232, 000 12.7
L 4 9, 689, 000 76.2
0.8 12,475, 000 79.9
1.1 11,051,000 79.9
1.2 9, 683, 000 78.1
L 2 7, 679, 000 75.4
Ll
7,301, 000 74.8
1, 330, 000 10.4
1,377, 000 8.8
1,160, 000 8.4
1,127, COO 9.1
1, 097, 000 10.8
1, 095, 000 11.0
47,
36.
33i
35,
55,
47,
000
000
500
000
500
300
0.4
0.2
0.2
0.3
0.5
0.4
12 714 000
15, 612, 000
13, 833, 000
12, 392, 000
10,187, 000
9,789,000
1888.
January
February
March
April
May
June
1,407, 000 10.4
1, 728, 000 13.1
1, 227, 000 11.1
1, 497, 000 13.4
1, 29.5, 000 13.0
1, 227, 000 U . l
0.7 10, 484, 000 77.6
0.6 9, 968, 000 75.8
0.6 8, 702, 000 78.7
0.7 8,165, 000 73.1
0.9 6, 952, 000 69.6
0.7 8, 078, 484 73.5
1, 483, 000 11.0
1, 348, 000 10.3
1, 022, 000 9.2
1, 393, 000 12.5
1, 614, 000 16.1
1, 682, 000 14.4
39,
32,
39,
37,
36,
33.
000
000
000
500
000
000
0.3
0.2
0.4
0.3
0.4
0.3
13, 509, 000
13,150, 000
11, 059, 000
11,176, 000
9, 990, COO
10, 996, 484
Fiscal
1888
177,000
126. 000
144, 500
142, 000
118, 500
113, 700
96,
74,
69,
83,
93.
76,
000
000
000
500
000
000
2.7 $88, 750, 000 66.4 $29,482, 000 22.0 $134,000 0.1 $133,713, 000
L 2 42, 779,000 34.1 44,660,000 35.6
168, 000 0.1 125, 302, 000
year
16, 768, 000 11.6 1, 313, 200 0.9 110, 227,484 76.4 15, 628,000 10.8
470, 800 0.3 144,407,484
C L E A R I N G H O U S E TRANSACTIONS.
The transactions between the I^Tew York sub-treasury and clearinghouse show a decrease of volume as compared with the preceding year,
and a slight increase in the balances due the clearing-house. The following is a statement of the transactions for the past five fiscal years:
Period.
Fiscal
Fiscal
Fiscal
Fiscal
year
year
year
year
1884
1885
1886
1887
Checks sent to
clearing-house.
Checks received
from clearinghouse.
Balances due
assistant
treasurer.
Balances due
clearing- ,
house.
$116,
109,
125,
116,
$295, 541, 948. 32
278,830,720.11
276, 855, 487. SO
• 353,470, 901. 64
$1, 331, 880. 02
694, 284.08
1, 643, 279. 86
181, 409. 57
$180,
170,
162,
236,
666,
420,
782,
671,
000. 26
072. 25
520. 53
928. 61
207,
104,
716,
9B0,
828. 08
931. 94
246. 63
382. 60
1887.
July
August
St'ptember
October
November
December
;.
8,015,851.62
9, 248, 8.58. 76
9,167, 233. 41
6, 498, 590. 29
4, 063, 142.17
4, 994, 683. 48
27,
26,
42,
31,
16,
26,
212, 414. 30
433, 997. 75
34.8, 851.15
822, 007. 57
066, 46.5. 76
749,164.40
19,196,562.68
17, 18.5,138 99
33,181, 617. 74
25,323,417.28
12, 003, 323. 69
21, 754, 480. 92
1888.
January
February
Majch
April
May
June
F i s c a l y e a r 1888
H. Ex. 2-
5, 916,126. 90
10, 382, 523.15
10, 527, 8.54. 92
9,149,388 47
11, 294, 863. 72
10,140, 418. 35
25, 5.53,115. 79
17, 603, 884. 05
21, 987, 549. 95
30,408,631 42
37, 798, 822. 77
33, 864, 838. 22
99, 399, 535. 24
337, 849, 743.13
382, 681.63
382, 681. 63
19, 636, 988. 89
7, 604, (142. 63
11, 459, 695. 03
21, 259, 242. 95
26, 503, 959. 05
23, 724, 419. 87
238,832, 889. 52
18-
R E P O R T ON T H E
FINANCES.
GENEVA A^VARD. .
The pa^^ment of the balance of the Geneva award, amounting to
$249,168.41, heretofore withheld from claimants, was begun on May 19,
1888, under a decision ofthe Court of Claims, affirmed by the Supreme
Court, the Treasurer acting, by direction of the Secretary, as a special
disbursing officer. Up to June 30 four hundred and seventy claims,
amounting to $38,286.87, had been received and paid.
NATIONAL BANKS.
A t the close of the fiscal year the Tr^^asurer held United States
bonds of the face value of $178,312,650 for 3,128 national banks, in
trust to secure their circulating notes, and United States bonds of the
face valueof $56,128,000 and the market value of $68,568,192.50 for
290 national banks designated as depositaries, in trust to secure public
moneys lodged with them. The aggregate face value of the bonds held
was $234,440,650. There was a decrease during the year of $13,654,050
in the amount held as security for circulation, and an increase of $29,•642,500 in the amount held as security for public moneys, making a net
increase of $15,988,450 in all. The amount of bonds deposited was
$49,189,700, of which $12,647,700 were for circulation and $36,542,000
for public moneys. The amount withdrawn was $33,201,250, of which
$26,301,750 had been held for circulation and $6,899,500 for deposits.
The following table shows by classes the amounts of the bonds held on
June 30, 1888. The three per cent, bonds of the loan of 1882 had been
called for payment and interest on them had ceased.
Class of b o n d s .
B o n d s i s s u e d to P a c i f i c r a i l r o a d s
F u n d e d loan of 1891
F u n d e d loan of 1907
i..
L o a n of J u l y 12, 1882
Total
Eate
T o secure
per circulationc e n t . face v a l u e .
6
4i
4
3
To secure public moneys.
T o t a l face
value.
Face value.
M a r k e t value.
$3,181,000
69, 670, 300
105, 423, 850
37, 500
$901,000
15, 663, 500
39, 428, 500
135, 000
$1,126, 250. 00
16, 838, 462. 50
.50,468,480.00
135, 000. 00
$4, 082,-000
85,333,800
144, 852, 350
172, 500
178, 312, 650
56,128, 000
68, 568,192. 50
234, 440, 650
All the bonds held for the banks are examined once a year or oftener
by officers or agents of the banks, as required by law. The examinations are based an statements furnished by the banks to the Comptroller
of the Currency, setting forth the kinds and amounts of bonds they have
deposited, which statements are certified by the Comptroller as to the
bonds held for isecurity of circulating notes, and brought to this office
without notice. These examinations, averaging in number more than
ifcen a day, are a continuous inventory of the vault in which the bonds
19
TREASURER.
The table below exhibits the number of banks, the number of depositaries, and the amounts of bonds held by the Treasurer at the close of
<€ach year from the establishment of the national banking system :
Number
Bonds held Bonds held
Number
of deposi- to secure cirto secure
ofbanks.
taries.
culation.
public funds.
Fiscal year.
1863
1864
1865
1866
1867
1868
1869
1870
1871
.1872
1873
1874
1875
1876
1877
" 1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
.1888
26
467
1,294
1,634
1,636
1,640
1,619
1.612
1,723
1, 853
1,968
1,983
2,076
2,091
2, 078
2,056
2,048
2, 076
2,115
2,239
2, 417
2, 625
2,689
2,809
3,014
3,128
204
330
382
385
370
276
148
159
163
158
1.54
145
143
145
124
127
131
130
134
140
135
132
160
200
290
$1,185, 750
44, 266, 900
235, 989, 700
327, 310, 350
340,607,500
341, 495, 900
342,851,600
342, 278, 550
359, 88.5, 550
380, 440, 700
390, 410, 550
391,171,200
376, 314, 500
341,394,750
338, 71.3, 600
349, 546, 400
354, 254, 600
361, 652, 050
360, 505, 900
360, 722, 700
356, 596, 600
334,147, 860
312,145, 200
276, 974, 800
191,966.700
178,312,650
Total of
bonds held.
$30, 009, 750
32, 707, 500
38,177, 500
39,177, 950
38, 517, 950
2.5,423,350
16, 072, 500
15, 535, 500
]5, 329, 000
15,210,000
15,390,200
14, 547, 200
14, 578, 000
15, 377, 000
13, 858, 000
14, 421, 400
14, 777, 000
15, 295, 500
15, 925, 000
17,116,000
17, 060, 000
17, 607, 000
19, 659, 900
26, 485, 500
56,128,000
$1,185, 750
74, 276, 650
268, 697, 200
365, 487, 850
379, 785, 450
380,01.3,850
368. 274, 950
358, 351, 050
375,422, 05P
395,769, 700
405, 620, 550
406,561,400
390, 861, 700
355, 972, 750
354, 090, 600
363,404, 400
368, 676, 000
376, 429, 050
376, 801, 400
376, 647, 700
373, 712, 500
351,207, 850
329,^752, 200
295,634, 700
218, 452, 200
234,440, 650
The amount of public moneys held by depositary banks at .the close
of the fiscal year was $58,712,511.11, of which $54,933,992.80 stood to the
•credit of the Treasurer and $3,778,518.31 to the credit of disbursing
officers. The increase in the total during the year was $35,395,633.20.
The following table shows the receipts and disbursements of public
moneys by depositary banks for each fiscal year, and the balance standi n g to the credit of the Treasurer at the close of each year, beginning
with 1864:
Fiscal
Receipts.
F u n d s transferred F u n d s transferred
to Treasury by
to depositary
banks.
depositary banks.
D r a f t s d r a w n on
depositary
banks.
1864...
1865 . . .
1866...
1867 - . .
1868...
1869...
.1870...
1871 . . .
1872...
1873...
1874...
1875 . . .
1876...
1877...
1878 - . .
1879 . . .
1880 . . 1881...
1882...
1883...
1884...
1885 . . .
1886...
1887 . . 1888...
$153, 396,108. 71
987, 564, 639.14
497, 566, 676. 42
351, 737, 083. 83
225,244,144.75
105,160,573.67
120,084,041.79
99, 299, 840.85
106,104, 8.55.16
169, 602, 743. 98
91,108,846.70
98, 228, 249.53
97, 402, 227. 57
106, 470, 261. 22
99, 781, 053. 48
109, 397, 525. 67
119,493,171.94
131,820,002.20
143,261,541.41
146,974,256.86
129,100, 449. 35
119, 056, 058. 94
]2.{, 592, 221.68
128, 482, 769.20
132, 691, 946.77
$816, 000.00
8,110, 294. 70
13, 523, 972. 62
8, 405, 903. 63
9, 404, 392. 00
10,0.52,199.44
2, 466, 521. 06
2, 633,129.45
3, 050, 444. 05
9, 004, 842. 49
2, 729, 958. 81
1, 737, 445. 60
2, 445, 451. 49
2, 353,196.29
2, 385, 920.38
6, 890,489. 06
6, 489, 634.17
5, 646, 092.46
5, 256, 574. 29
5, 292, 840. 22
5, 501, 161.18
4, 798, 782 35
8, 786, 546. 55
11,476,372.92
80, 082,442. 39
$35, 507, 674. 08
583, 697, 912.72
363, 085, 565.65
331, 039, 872. 57
215, SJ 1, 460. 69
114, 748, 877. 24
111, 123, 926.18
89, 428, 544. 04
94\ 938, 603.76
108, 089, 786.76
134,869,112.57
82,184, 304. 05
89,981,146.99
94, 276,400. 35
90,177, 963.35
100, 498, 469.29
109, 641, 232.64
118,143, 724.91
129,131, 305.07
132, 075, 358.80
116, 227, 722.17
105, 952, 609.09
112,862,815.24
118, 372, 954.27
161,168, 708.67
$28,726, 695.88
415,887,767.81
149, 772, 756.11
37, 218, 612.76
22,218,187.92
14, 890, 463. 75
11,818,228.61
13, 790, 961. 01
13, 635, 837.49
16,110, 519. 07
13, 364, 554. 52
13, 657, 678. 25
13,909,616.83
14, 862, 200. 88
12, 606, 870. 60
15, 544, 058. 34
15, 525, 023.03
18, 388, 772.82
18, 709, 928. 56
18, 771, 472. 81
17, 688i 442.52
17, 633,235.03
16, 464, 462.15
16,432,743.24
15,782,267.54
TotaL
4, 591, 520,290. 82
219, 340, 607.60
3, 792, 536, 051.15
963, 411, 357.53
Balance.
$39, 976, 738.75
36, 065, 992. 06
31, 298, 319. 34
26,182, 821.47
23, 301, 709.61
8. 875,141. 73
8, 483, 549. 79
7, 197,015.04
7, 777, 873.00
62,18.5,153.64
7, 790, 292.06
11, 914, 004.89
7, 870, 920.13
7, 555, 776.41
6, 937, 916.32
7,183, 403.42
7, 999, 953. 86
8, 933, 550.79
9,610,432.86
10, 030, 698.33
10, 716,144.17
. 10,985,141.34
14, 036, 632.18
19,190, 076.79
54, 913, 489.74
•1
20
REPORT ON T H E
FINANCES.
SEMI-ANNUAL DUTY.
The semi-annual duty assessed upon and collected from the national
banks, on circulation, for the fiscal year, amounted .to $l,616,127.53y,.
which is $428,795.22 less than was collected for the preceding yean.
The national banks have paid into the Treasury since the organization
of the system in 1863, on circulation, $67,457,848.83; on deposits,
$60,940,067.16; on capital, $7,855,887.74, making an aggregate o r
$136,253,803.73.
This duty, from the regularity and certainty with wMch it has been
collected, is remarkable in the history of taxation. It is assessed on a,
full valuation of the property upon which it is levied. The returns are
made to the Treasurer on blank forms furnished by him, and are susceptible of direct verification by the records of the Department. The
amount of the assessment is readily ascertained, aud is paid into theTreasury by the banks themselves, without the intervention of an as•^essor, collector, or any other public officer. There are no licenses^.,
stamps, or formalities, excepting the blank pn which the returns are
made and the simple receipt which is the evidence of payment. There
have been no delinquencies, except iu the case of a few insolvent banks,.and even in most instances where banks are placed in the hands of receivers the assets are found to be sufficient to fulfill the conditions under which the law requires duty to be paid. Delays, which are infrequent, are of no avail in avoiding ultimate payment. Two or threeclerks in this office have always performed all the necessary labor, even
when the tax amounted to $7,000,000 a year. Their salaries and the
trifling co^t of the stationery needed, have comprised all the expense^,
which has not exceeded a mill on the dollar of the amount collected.
INDIAN TRUST FUNDS,
The several funds held in this office in custody for the Secretary of'
thelnterior, under the act of »Tuue 10, 1876, remain as reported for thelast fiscal year, as follows:
Class of bonds.
Registered.
Coupon.
Total.
State and canal bonds.
Arkansas—funded debt
Florida—State stocks
Louisiana—State stocks..'
Mary land—State stocks
North Carolina—State stocks
,...
South Carolina—State stocks
Tennessee—State stocks
Virginia—State stocks . . .
Virginia—Chesapeake and Ohio Canal bonds
$168, 000
132, 000
37, 000
1,000
$168,000.00
132, 000. 00
37, 000. CO
8, 350. 17
192, 000. 00
125, 000. 00
314, 66(5, 66|«
540, 000. 00
1, 000.^00
778, 000
1,798, 016. 83f;:
1, 350.17
191, 666. 66f
540. 000. 00
192, 000
12.5, 000
123, 000
United States bonds.
Bonds issued to Pacific railroads.
Total
280, 000. CO
1, 020, 016. S
280, 000. 00
Interest is received and placed to the credit of the funds on the Maryland State stock and the Pacific Railroad bonds as it matures, and on
a portion of the North Carolina State stock at irregular intervals, butnone on' any of the other stocks or bonds.
21
TREASURER.
MISCELLANEOUS TRUSTS.
United States bonds are held in this office in custpdy for the follow
i n g trusts:
American Priuting House for the Bliud, 4 per cents
-Pennsylvania Company, 4^ per cents
Manhattan Savings Institution, 4 per cents
• Alaska Commercial Company, 4 per cents
„„
Total
$250, 000
200, 000
75,000
55,000
.,...„
:
580,000
The bonds described below are the property of the United States,
:and are held in this office for the Secretary of the Treasury:
Arkansas State bonds
.-..
Louisiana State honds
North Carolina State bonds
'Tennessee State bonds
Virginia State bon'ds .'.
.Nashville and Chattanooga Railroad bonds
• Chesapeake and Ohio Canal bonds
Total
,.
$625,000
545,480
13,000
21,000
41, 800
500,000
12,000
'
.-
1,758,280
Of these the Louisiana State bonds are held as captured and abandoned property. The others have been acquired by settlements in pur•suauce of law and by payments out of regular appropriations to trusts
to which they originally belonged. Interest is paid as it matures on
.the Kashville and Chattanooga Railroad bonds, but none on any ofthe
others. Tabulated statements of the bonds of the States have fre.qnently been furnished to the State authorities for information in relation to proposed adjustments of the claims of the Government.
PACIFIC RAILROAD SINKINO FUNDS.
United States bonds and first-mortgage Pacific Railroad bonds were
lield for account of the Pacific Railroad sinking funds at the close of
the.year as follows:
Classes of bonds.
-Bonds issued to Pacific railroads
United States funded loan of 1907
Union and Central Pacific Railroad first mortgiage thirtyyear bonds
Total
For Union Pa- For Central Pacific Railroad cific Railroad
Company.Company.
Rate.
Per cent.
6
4
$1,043,000
4, 478, 050
6
1,195, 000
352, 000
6, 716, 650
2, 900, 000
$2, 548, 000
First mortgage Pacific Railroad bonds to the amount of $835,000 were
^added to the sinking fund ofthe Union Pacific Railroad during the year,
and $310,000 of the same class of bonds to the sinking fund of the
•'Central Pacific Railroad, making a total of bonds held as given above.
22
REPORT
ON T H E
FINANCES.
DISTRICT OF COLUMBIA TRUST FUNDS.
The following-described securities are held in this office for the District of Columbia:
Class of securities.
Contractors'
guaranty
fund.
Metropol- Firemen's
itan Police
relief
fund.
fund.
District of Columbia 3.65 per cents.. $59, 000. do $28, 000. CO
United States 4 per cents
133, 500. CO 1,000.00
United States 4h per cents
850. 00
Unsigned Disfcrrct of Columbia 3.65
per cents
......
Board of Audit certificates
Chesapeake and Ohio Canal bondsTotal
..
193, 350. CO
29, 000. 00
Miscellaneous.
$1. 000. 00
' 800. 00
Total.
$88, 000. 00
135, 000. 00*850. 00$3, 231, 000.00
20,134.72
84, 270. 00
3, 231, 000. 00
20,134. 72'
84, 270. 00-
1, 800. CO 3, 335, 404. 72
3, 559, 554. 72
A full statement of the operations and condition of the sinking fund
of the District of Columbia is "given in a separate report, as requiredL
bylaw.
•
CAPTURED AND ABANDONED
P.ROPERTY.
In pursuance of instructions from the Secretary of the Treasury, a^
sealed box of captured and abandoned property, deposited in this office
for safe keeping, December 16,1868, was opened on the 16th of May, and
the contents, consisting of watches, jewelry, knives, pistols, and other
articles, were scheduled by a committee appointed by the Secretary, and
delivered to an auctioneer for sale, as provided for by an act of Congress approved April 22, 1886. Jewelry, plate, and other articles, the
contents of a box received June 11, 1869, have also been disposed of by
return to claimants, and by sale, as provided for in the same act. Theonly remaining articles held as captured and abandoned propertj^, excepting the Louisiana State bonds described elsewhere in this report,,
are the three swords formerly belonging to General David G. Twiggs,..
which are now in this office.
REDEMPTION OF NAT IONAL-BANK NOTES.
The national-bank notes presented for redemption during the yearwere valued by the owners at $99,152,364.34." This total included,
$806,396.48 in United States and other currency, which was returned
or otherwise separately accounted for, $1,979.40 in notes not redeemable
under the regulations of the Department, and $2,722 in spurious notes.
The corrections in count aggregated $14,749.28 in favor of th^ owners^
and $2,741.70 against them. The net proceeds, exclusive of $716.62, apXilied in payment of express charges, were $98,246,727.42, with $105,830^
remaining uncounted.
The redemptions were a little more than $11,000,000 greater than
those of the preceding twelve months, in the face of a reduction of
nearly twenty-seven millions in the total outstanding circulation within
the year, and of fifty-six millions and a half in the two years. In proportion-to the circulation, the redemptions were greater than those of
every other year, excepting the two from Juue 30, 1884, to June 30,.
1886, since 1879. The increase, which began to be felt in December and
was steadily kept up du,ring the remainder of the year, beiug specially
noticeable in May and June, came from the city of Kew York, for checks^
23
TREASURER.
on the Assistant Treasurer and silver certificates of the denominations
of one and two dollars. As compared with the preceding year there
was no other change worthy of notice in the receipts from xMerent
localities or in the character ofthe returns asked for.
The notes assorted and charged to the 5 per cent, redemption fund
amounted to $43,379,185. Notes fit for circulation, of the value of
$17,453,780, were returned to the banks, and notes unfit for circulation,
of 'the value of $25,843,765, were delivered to the Comptroller of the
Currency for destruction. The redemptions from this fund were less
than half of the total redemptions, and less, both in amount and proportion to the outstanding circulation, than those for any previous year.
The falling oif is due to the increase of the fund for the retirement of
circulation in a greater degree than to the decrease in the volume of
notes outstanding. The redemptions from the latter fund amounted to'
$50,163,957.45, an increase .of nearly $13,000,000 over the year before,
and only $8,000,000 less than double the average for the five years
before..
'
This fund, by its growth and fluctuations, excited much concern during the year, not only in the Treasury Department, but also in Congress
and throughout the country. After having slowly increased during
four vears after June 30, 1881, from $33,14li,858.85 to $38,596,332.10, it
rapidly rose the next year to $60,248,705.85, and to $97,992,918.10 by
June 30, 1887. At the close of l3usiness on the 8th of July following, it
stood at $107,827,754.60, the highest point it has ever reached. Then
after declining slowly to $102,265,787.60 by the end of Septeinber, it
showed little change until the latter part of January, when there began
a slow but steady decrease. The following table shows the net deposits, the redemptions, and the balance in the Treasury for each nionth
of the fiscal year:
Month.
1887-July
August ...
September
October ...
, November
December.
1888—January ..
Febmary .
March .'...
April
Ma.v
June
Total....
. Deposits.
Redemptions.
Balance.
;10,905, 851.00
1,116, 516. 00
1, 316, 854. 50
2, 446, 276.15
3, 002, 090. 26
4, 595, 853. 64
3, 790, 728.05
2, 469, 790. 00
3, 343, 240. 00
2, 876, 739.40
4, 643, 109. 25
3, 616, 835. 75
$2, 942,574. 50 $105, 956,194. 60
3,121, 204.00
103, 951, 505. 60
3, 002,572. 50 102, 265,787.60
1,930, 504.50
102, 781, 559. 25
101, 450, 594. 91
4, 333,054.60
102, 534,767.50,
3,511, 681.05
741.
75
101, 291, 753. 80
5, 033,
5, 623,001. 60
98, 138, 542. 20
4, 700,863.90
96, 780, 918.30
4, 804,934.25
94, 8.52, 723. 45
5, 660,239. 80
93, 835, 592. 90
5, 499,585. 00
91, 962, 843. 65
44,123,883.00
60,163,957.45
Ofthe total deposits, $174,250 on account of banks that have failed,
the net sum of $19,760,511 for the reduction of circulation under the
act of June 20,1874, and $5,375,325 of the total on account of banks in
liquidation, including $4,782,990 for reductions of circulation under section 6 of the act of July 12, 1882, in all $25,310,086, represented contractions of currency, there being no corresponding issue of anyidnd
of money. These deposits were made chiefly, in consequence of the
operations of the Treasury in the redemption and purchase of bonds
held to secure circulation. The remainder, amounting to $18,813,797,
was deposited under the requirements of section 6 of the act of 1882,
for the retirement of circulation issued under expired charters, and did
not aflect the total volume of currency, as new circulating notes were
issued to the depositing banks immediately on the receipt of the deposits.
24
REPORT ON THE FINANCES.
The table below sho^ws the amounts deposited each month of the year
for the retirement of the notes of banks in voluntary liquidation or in
the hands of receivers, for the reduction of the circulation of banks in
active existence, and for the retirement of the notes issued prior to the
extension of the charters of the banks, and the reissue of new notes.
The deposits under the latter head in former years were inconsiderable,
so that all the deposits before June 30, 1887, may be said to have been
made for the retirement or reduction of circulation without reissue.
Month.
1887—July
,
August
Septeniber ,
October —
November.,
December..
1888—January
February..
March
April
May
June
Total
F o r retirement.
F o r reduction. For retirement
and reissue.
$192,395.00 $10, 69.3.456. 00
29, 490. CO
650, 700. 00
50, 000. 00
535, 325. 00
10,150. 00
1, 240,810. 00
11,700.00
1, 632,050. 00
77, 750.00
2, 638,350. 00
75, 580. 00
1, 629,100. 00
21, 420. 00
722, 040. 00
54, 830. 00
460, 310. CO
65, 550. 00
450, 710. CO
21, 960.00
2, 092,900.00
155, 760. 00
1, 797,750. 00
766, 585. 00
24, 543, 501. 00
.$20, 000. 00
436, 325. CO
731,529.50
195, 316.15
3.58.340.26
879, 753.64
086, 048. 05
726, 330. 00
828,100. 00
360,479.40
528, 249. 25
663, 325. 75
18, 813, 797. 00
The fluctuations in the aggregate fund were produced, therefore, by
two distinct causes, whose probable effects could be foreseen with reasonable certainty. As the redemption of 3 per cent, bonds was practically completed in July, when the fund reached the highest point, and
as the deposits required by the act of 1882 were less after January than
the probable redemptions from the funds, and would become unimportant after June, it was expected in the middle of the fiscal year that the
balance on deposit would decline gradually during the next six months
and then would fall off rapidly, unless unforeseen causes should come
into operation meanwhile. This expectation has been fully justified by
events, as has been shown, and the fund has ceased to be a cause of
anxiety. However, unless the contraction of the bonded debt should
be stopped, or unless some other basis should be provided for the circulation of national banks, it is certain that the retirement of bahk
notes will continue, and it may be expected that the Treasury will always hold a considerable sum for that purpose.
In the appendix will be found tabular statements of the operations
of the Treasury in the redemption of national-bank notes, showing by
fiscal years, from the beginning, the lawful money received on the
several accounts, and the manner in which it has been applied, and also
the amounts of notes received and redeemed and the disposition made
of them. These tables will be found to differ at times from those beretofore given, in the amount of the deposits. The tables in former reports included under this head the sums of money only that were received in the first instance for the particular account, and excluded
other sums properly applied from moneys already in the Treasury but
originally received for another account and so re.ported. These transfers, which are made necessary by various causes, do not affect the
total deposits on all the redemption accounts, or the aggregate balance
on hand, and therefore are not within the scope of the tables before
given, which deal with deposits, redemptions, and balances only, without undertaking to show how the balances in the several accounts are
produced.^ In some cases, too, where deposits have been refunded the
'
TREASURER.
,
25
a,mount was deducted in the old tables from the total deposits or in<}luded in the redemptions. The statements now given exhibit all the
transactions as they are recorded in the books, and show what has not
been attempted before—how the vast sums that have been received
into the Treasury for the redemption of national-bank notes are accounted for.
The expenses incurred during the year and paid out of the 5 per cent,
fund amounted to $141,141,48. Of this sum the proportionate share for
$89,685,839.50 redeemed will be charged to the accounts of the banks
at the rate of $h52'^^^Q per $1,000 on the amounts of the notes redeemed
for each,' and the share for $2,989,280 will be reimbursed from the fund
arising under the provisions of section 8 of the act of July 12,1882, from
assessments on banks making deposits of lawful money for the retirement of their circulation in full. The assessments made during the
year under that section amounted to $1,470.01. The charged against the
fund for the expenses of the fiscal year 1887 was $5,256.48, leaving a
balance of $15,927.61 in the Treasury on June 30, 1888. •
• FISCAL YEAR ENDING- J U N E 3 0 , ,1889.
A statement of the assets and liabilities of the Treasury on September
30,1888, prepared from the reports of the several offices for that day,
is given in the appendix. The tables showing the amounts of gold,
iSilver, United States notes, and certificates of deposit in the Treasury.
and in circulation at the end of each month are brought down to the
^ame date. These fully exhibit the condition of the Treasury, and also,
by comparison with other dates, the changes that have taken place.
The net reduction of the public debt dtiring the months of July,
August, and September, exclusive ot certificates of deposit, was
$30,560,637.35, resulting from the redemption of $77,797.35 in notes and
<;alled bonds, the purchase of $20,617,850 in 4 per cents and $9,867,050
in 4J per cents, and tbe conversion of $2,060 interest on 4 per cent, refunding certificates into bonds. The premiums paid on the bonds purchased amounted to $5,869,010.86 on the 4 per cents and $670,925.86
on the 4^ per cents. The amount of gold certificates in circulation, as
shown by the assets and liabilities, increased $15,372,76Q, and the
.amount of silver certificates $18,198,962. The legal-tender certificates
in circulation decreased $1,895,000.
The national-bank notes presented for redemption during the quarter
amounted to $21,415,035.03, as against $16,925,918.74 in the same period last year. The deposits in the fund for the reduction and retirement of national-bank notes amounted to $6,071,295, and the redemptions to $10,716,407. The balance of the fund in the Treasury decreased
in July to $90,029,866.65, in August to $87,819,564.65, and in September to $87,307,731.65. The decrease in the last two months was small,
owing to the large deposits made in consequence of the purchase of
bonds. The limit of $3,000,000, fixed by law as the maximum amount
that may be deposited during any month, was reached at the end of
September and again in the second week of October. With the present
rate of redemption the balance in the Treasury would now continue to
grow less, even though the full amount of $3,000,000 were deposited
€ach month.
V^ORK OF THE O F F I C E .
•
The volume of business transacted during the fiscal year was greater
than that for the year before. From the statement in the appendix showing the amount of the receipts and disbursements on all accounts, it will
26
REPORT ON THE FINANCES.
be seen that this office received $459,8,87,716 and paid out $264,993,970.
These figures do not include the national bank notes redeemed and delivered on account of the 5 per cent. fund. The receipts and payments
at all the Treasury offices, which make up t h e total movement of moneys,
reach on both sides the astonishing aggregate of between twelve and
thirteen hundred million dollars, having increased from about nine hundred million the previous year. The receipts at this office that year were
$213,428,505.80, and the payments $152,475,064.48. The labor required
in these vast operations has beea promptly performed, and all the .work
of the office well kept up. In a good many particulars the methods have
been simplified and improved. The Treasurer gratefully acknowledges
the ability and fidelity of the officers and employes associated with himo
I have the honor to be, very respectfully, your obedient servant,
J A M E S W. H Y A T T ,
Treasurer of the United StateSo
Hon.-CHARLES S . F A I R C H I L D ,
Secretary of the Treasury,
21
TREASURER.
APPENDIX.
No. 1.—RECEIPTS AND E X P E N D I T U R E S F O R T H E F I S C A L Y E A R 1888, AS SHOWN B T
WARRANTS ISSUED.
Account.
Receipts.
Customs
Internalrevenue
...
$219, 091,173. 63
124, 296, 871. 98
] 1,202 017.23
24, 676, Oil. 92
Interior civil
Treasury proper
Judiciary
W^ar Department
iNTavy Department
...
...
Interior Department, pensions
Interest on tbe public debt
Premium on the public debt
Total, net
1.
Expenditures.
Repayments
from u n e x pended appropriations.
Counterc r e d i t s t o apr
propriations.
$514, 276. 08
22, 946. 52
$67, 077. 9G>
22. 79
7^859,468.41
73, 869. 81
341575, 466.33
911, 972, 96
12, 660. 03
1, .593, 461. 40
§92. 80
644, 864. 47
161,133. 82
4] 109, 987.10
38; 522. 436.11 1, 206, 673. 90
417, 349. 26
16; 926, 437. 65
136,139. SO
61 249, 307. 87
80, 288, 508. 77 3, 765,100. 65
184, 017. 81
44,715,.C07.47
8| 270, 8i2. 46
8, 7 n . 04
123 ]29. 2535, 342. 76
$20j 359, 455.15
3i 809, 557. 94
379, 266, 074. 76
267, 924, 801.13
85,160,000.00
105, 896, 000. 00
64; 623, 667. 00
21; 947,378. 00
SO, 260, 000. 00
24j 675, 000. 00
1 37,200.00
63; 662, 000. uO
24 3*^0 55
;
322.50
1, 770. 00
: 3, 350. 00
: 6, 300. 00
23; 671, 350. 00
150. CO
' 34,350.-00
4, 500. 00
27, 792, 950. 00
; 7, 850. 00
: 1, 500. 00
26,350.00
97, 650. 00
i 3,2.50.00
83,100. CO
23, 056, 250. 00
, 11,300.00
55, 882.72
211 580. 53-.
6,149, 343. 0.7
72,490. 57
177". 10
102, 652. 00^
The public debt
Grold certificates
Silver certificates
Certificates of deposit, act of June 8,
1872
. ...
RefnndincT certificates
TJnited States notes
Fractional currency
Old demand notes
One and two year notes of 1863
Compound interest notes
7-30's of 1861, 1864, and 1865
Funded loan of 1907
Oregon war debt
Loan of July and August, 1861
Loan of 1863
Funded loan of 1891
10-40's of 1864
5-20's of 1865
Consols of 1865
Consols of .1867
Consols of 1868
Funded loan of 1881
Loan of July 12, 1882
•
5-20'sof 1862
Total
B a l a n c e J u n e 30, 1887
B a l a n c e J u n e 30, 1888
Aggrefj^ate
63,652, 000. 00
48,150. 00
664, 282, 224. 76
484, 749, 789. 46
517, 684, 559.18
1,149, 032, 014. 21
1,149, 032, 014.21
500 00'
7, 406, 732. 94
6, 826, 909. 79i>
7, 406, 732. 94
6, 826, 909. 7S^
. 6311 347,455. 03
'28
REPORT ON T H E
FINANCES.
No. 2.—COMPARATIVE STATEMENT OF BALANCES I N T H E T R E A S U R Y AT THE
OF
TPIE F I S C A L
YEARS
1887
AND
CLOSE
1888.
B a l a n c e a s sliown b y l a s t r e p o r t , J u n e 30, 1887 .
S^Tet r e v e n u e 1888
.•
:...
"Net e x p e n d i t u r e s 1888
•
$484,749, 789.45
;379, 266, 074. 76
267, 924, 80L 13
E x c e s s of r e v e n u e o v e r e x p e n d i t u r e s .
111,341,273.63
596,091,063.08
Public debt.
Redemptions
d u r i n g fiscal
year.
Issues during
fiscal y e a r .
E x c e s s of issues over re- demptions.
$28, 072, 592. 50
B o n d s a n d securities.
F u n d e d loan of 1907..
$48,150.00
23,671,350.00
S i l v e r certificates . . . . 105, 896, 000. 00
21, 947, 378. 00
<G-old certificates . . . .
85,160, 000. 00
64, 623, 667. 00
O e r t i f i c a t e s of deposit,
a c t J u n e 8,1872
. SO, 260, 000. 00
24,675,000.00
U n i t e d S t a t e s n o t e s . . 63, 652, 000. 00
63, 652, 000. 00
L o a n of J u l y 12,1882 .
23, 056, 250, 00
R e f u n d i n g certificates
37, 200. 00
ffi'ractional c u r r e n c y
24, .320. 55
Total
285, 016,150. 00
- N e t e x c e s s of i s s u e s
o v e r r e d e n i p t i o n s ..
249, 759, 758. 05
E x c e s s of redemptions
over issues.
$28, 072, 592. 50
23, 623, 200. 00
$83, 948, 622.00
20, 536, 333. CO
5, 585, 000. 00
23,056,250.00
37,200.00
24, 320. 55
110, 069, 955. 00
74, 813, 563. 05
35, 256, 391. 95
631, 347, 455. 03
B a l a n c e J u n e 30,1888
-No. 3 . — E X P L A N A T O R Y STATEMENT OF THE D I F F E R E N C E S B E T W E E N T H E BALANCE
I N THE T R E A S U R Y J U N E 30, 1888, AS SHOWN B Y THE P R E C E D I N G STATEMENTS
- AND THE BOOKS OF T H E R E G I S T E R , AND THE C A S H AS SHOWN B Y THE P U B L I C
D E B T STATEMENT P U B L I S H E D J U N E 30,
1888.
T h e c a s b in tlie T r e a s u r y , as s h o w n b y t b e P u b l i c D e b t S t a t e m e n t , is m a d e u p from t h e r e t u r n s re)'Reived on t h e d a y on w h i c h t h e s t a t e m e n t is p u b l i s h e d .
T h e a n i o u n t on J u n e SO, 1888, Avas
>
$629,854,089.85
T h e r e c e i p t s p r i o r t o t b e close of t h e y e a r , r e p o r t e d s u b s e q u e n t l y , w e r e
a s follows:
.
B y National-bank depositaries
$452,572.00.
'Certificates of deposit, a c t of J u n e 8, 1872, i s s u e d s u b s e q u e n t t o t h e d a t e s
of t h e r e t u r n s u s e d
250, 000. 00
CTnavailable balances n o t i n c l u d e d i n t h e c a s h r e p o r t e d in t h e D e b t S t a t e ment
1,396,879.50
Total..
2,099,45L50
T h i s t o t a l i s r e d u c e d b y t h e r e c e i p t s n o t c o v e r e d i n t o t h e T r e a s u r y , on
< F u s e 3 0 , 1888, v i z :
Assistant Treasurer United States:
Baltimore,Md
$20,067.43
N e w Y o r k , I^. Y
'
.~
129,-603.46
Philadelphia, Pa...-.
130,846.12
Boston, M a s s
;
100,826. 61
C i n c i n n a t i , Ohio
1, 326. 29
•Chicago,Ill
68,637.23
S a i n t Louis, M o
8, 337.21
N e w Orleans, L a .
31, 517.99
San F r a n c i s c o , Cal
25,743.25
Treasurer U . S . , Washington,, D. C
17,404.85
National-bank depositaries
71, 775. 88
.
Leaving
j
Balance Treasurer's General Account
A m o u n t on d e p o s i t w i t h t h e S t a t e s
1,493,365.18
631, 347,455. 03
-
Making t h e total Treasury Balance
T r e a s u r y B a l a n c e , J u n e 30, 1888, a s r e p o r t e d b y t h e R e g i s t e r
606,086.32
„
28,101,' 644.91
659,449.099.94
. 659,449, 099.94 ,
No. 4.-
-TOTAL AMOUNT O F
R e c e i p t s a t office i n -
T H E C L A S S I F I E D R E C E I P T S AND D I S B U R S E M E N T S ON ACCOUNT OF T R A N S F E R S , R E V E N U E S , R E D E M P T I O N S , AND
E X C H A N G E S , . BY T R E A S U R Y O F F I C E S , F O R T H E FISCAL Y E A R E N D I N G J U N E 30, 1888."
National bank
notes.
United States
notes.
P.ct.
P.ct.
$55, 245, 685 12.01$116. 817, i [25.41
, 239, 492 4 . 5 14, 528, 640|152. 7
,218,905 0.91 57, 430,486 12.0
2, 245,149| 3.4 34, 801, 803 152. 4
3, 482,
5.1 J 9, 989, 646 29.6
2, 507, 3901 9.1 10, 125, 070 36.9
2, 835, 840 5.3| 14, 688, 901 i27; 6
2,216,890 6.8 11,414,442 35. 0
1,137, 160 3.7 10, 491, 026 34.0
1,186, 661 4.0
89, 375 0.3
Washington...
Baltimore
New York
Philadelphia ..
Boston
Cincinnati
Chicago
S a i n t Louis . . .
N e w Orleans ..
San Francisco.
Total
75, 218, 585
D i s b u r s e m e n t s a t office in—
Washington
1
Baltimore
New Toik
Philadelphia
Boston
Cincinnati
Chicago Saint Louis
N e w Orleans . . . . . . . . . . . . . . . . . .
,San F r a n c i s c o
|1,240,0J4
+4, 212, OijO
J2, 249, OOOi
+3, 448, 000!
+2, 492, OOOt
|2, 827, 000
+2, 224, 000]
t l , 141, 000
+80, 000
Total ..
Redemptions.
19. 933, 024|
50, 682, 591
Total
70, 69.5. 615
N e t i n c r e a s e of a m o u n t on h a n d . 4, 622, 970
N e t d e c r e a s e of a m o u n t on h a n d .
Gold coin.
$343,
343,
34, 667,
6, 930,
4,134,
2,155,
5, 909,
719,
2, 793,
22, 988,
P.ct
P.ct.
0.1 $148, 305, 767 32. 2
1,
185,
370
4.3
L3
7.3] 318, 241, 670 66.7
4,
77.3,
060
7.2
10. 4|
6.1 19, 897, 650 !29. 4
1,
775,
91C
6.5
7.8|
9, 061,160 17. 0[
11.1
1, 151, 400
2:21
895, 430 2.91
9.0
148, 500| 0.5
78.1
S i l v e r certifi- S t a n d a r d silver]
cates.
dollars.
P. ct.
129,147, 139 28. ll ^$8, 327,
7, 367, 64i;26.8| 1,771,
43, 528, 4681 9.1 12,168,
10,164, 60415.31 4, 844,
14, 444, 310 21.3 4, 379,
6, 781, 927:24. 7 3,021,
14, 390, 12527.0 4, 6L5,
11, 808, •771 36. 3 3,910,
10, 601, 834,34: 41 4, 083,
14, 193
3, 717,
291, 474, 484 '22. 9 SO, 985, 783 0.4 505, 436, 917|
97, 205, 548 36.7
13, 625, 977 54.1|
54,921,9181 11.7
35,212,135 55.51
19, 437, 663 29. 7
9, 495, 263
41
14, 099,1521 30. 81
11, 650, .595
1
10,543,756 [41.1
1,176, 406 3.7
117, 003
81, 329, 210 30,
50,1701 0.2|
1, 235, 050 4,
22, 710, 9441 4
330, 895, 100 |70. 51
7, 949,113 12.51 4, 733, 4301 7.5|
4, 566, 595j 7.0 21, 637, 440 33.0;
1, 356, 564 6.2
1, 397, 250 6.41
4, 510, 9451 9.8
6, 106,"510 13,
2, 697, 700 8.4
1, 283, 200 4.0
27 309 984 9.0 * 1,288,660 "5.0
20, 759; 580 65.4
297,150 j 0.
83, 052, 053'31.3
7, 763, 4S4i30. S
9.0]
42, 183,
16.1
10,2.i8,
22.1
14, 439,
29. 6|
6, 462,
3L0
14, 236,
36. 7|
11,858,
4
1.1
10, 547,
7,
267, 368, 413
24,106, 071
39, 705, 424
11, 033,182
514, 826, 727
9, 390, 810
P.ct.
P.ct.
1. 8|$1, 690, 476 0.4
6.4 1,100,701 4.01
2.5| 7, 074, 592] •1.51
7.3 2, 502,
3.
6.5 1, 390, 0481 2.1
11.0 1, 074, 347 3.9
8.5 1, 835. 863 3.5|
12.0 1, 333, 984 4.1
859, 731 2.8|
13.2
12.7 1, 228, 614 4.2
1, 805, 824 0.7,
1,513,751 6.0|
11, 459, 738] 2.4'
2, 281, 6731 3.6
3,925,413 6.0,
2, 3.57, 327|10.8
4, 847, 613 10.6
3, 471, 222| 10.8
64,872 0.3;
§7, 977, 991 25.2,
39, 705, 424
67, 028, 598
13, 957,185
Fractional
silver a n d
mixed.
19. 5 50, 738, 606 4.0 20,091,175
267, 368, 413 25. 6 67, 028, 598 0.4 460, 203, 060 !43.0 200,789,719
64, 623, 667
21, 947, 378
* I n c l u d i n g 13,500,000 t r a n s f e r r e d from m i n t ,
t I n c l u d i n g $500,000 t r a n s f e r r e d frora m i n t .
I T r a n s f e r r e d t o W a s h i n g t o n for r e d e m p t i o n ,
Gold certificates.
222, 737, 097
25,511, 9,15|
1,469,809 0.6
993, 630 4,
7,663,938' L
}, 073, 2951
1,449,030
798,1051
2, 054, 301 4.5|
1, 307, 606 4.0
885,960 3.5
1, 526, 943
;. 8 21, 222, 617 2. Ol
Trade-dollars.
$9,
15,
63,
125,
11,
31,
0,
4,
65,
0.1
Total.
$459,887,716
27, 551,804
477, 393, 599
66,388,448
67, 729, 054
27, 473,139
53, 243, 67432, 560, 327
30, 862, 624
29,437, 850
334, 673
1, 272, 528, 235
1114,523
1146.160
ii 195, 533
|il88,r'""
1139, 0961
11241,150
1136, 080
1117,515
111,871
11161, 263|
264, 993, 970
26, 468, 246
474, 242, 888
65, 925, 670
68, 942, 919
24, 599, 790
48, 717, 079
34, 610, 674
26,783, 543
31, 987, 299
941, 223
H
PO
>
zn
PO
H •
PO
1, 067, 172, 078
137, 253, 636
1,204,425,714
1,131, 442
606, 550 .
§ I n c l u d i n g $5,000,000 t r a n s f e r r e d t o m i n t ,
lj T r a n s f e r r e d t o m i n t .
to
30
R E P O R T ON T H E FINANCES.
No. 5.—RECEIPTS AND E X P E N D I T U R E S ON ACCOUNT O F T H E POST-OFFICE DEPARTM E N T FOR T H E F I S C A L YEAR 1888, AS SHOWN BY WARRANTS P A I D .
Receipts covered into the Treasury....'
Receipts by postmasters
-
N $26, 038, 305. 52
29, 351,899. 92
Total net receipts
:
55.390, 205.44
Balance due the United States June 30, 1887
6,598,912.04
Total
61,989,117.48
Expenditures by Treasurer on warrants
lExpenditures by postmasters
Total expenditures
Balance due the United States J u n e SO, 1888
Total
26, 542, 398.14
29, 351, 899. 92
55,894,298.06
6, 094, 819.42
61,989,117.48
.'.
NOTE,—Of the receipts covered into the Treasury the sum of $3,160, 820.47 was appropriated by acts
of Congress to make good deficiencies in the postal revenues.
No. 6—SEMI-ANNUAL D U T Y ASSESSED UPON AND COLLECTED FROM NATIONAL
BANKS B Y T H E T R E A S U R E R OF T H E U N I T E D STATES F O R T H E FISCAL YEARS FROM
1864 to 1888, INCLUSIVE.
Fiscal yea|.
1864
1865
1866
1867..-.
1868 .
1869
1870
1871
1872
1873
1874
1875 .
1876
:
1877
1878 ..
1879
1880
1881
1882 .
1883
1884
1S85
1886
1887
1888
Total
O n circulation. O n deposits.
i
.
. .
.
.
.
)
•
,
•
.-..:
No. 7.—BALANCES
$95,911. 87
$53,193. 32
733, 247. 59
1, 087, 530. 86
2,106, 785. 30
2, 633,102. 77
2, 868, 636. 78 • 2,650,180.09
2, 946, 343. 07 2, 564,143.44
2, 957, 416.73
2, 614, 653. 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, 514,265. 39
3, 091, 795. 76 3, 505, 129. 64
2, 900, 957,63
3, 451, 965. 38
2, 948, 047. 08 3,273,111.74
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
6,521,927.47
3,132, 006. 73
2, 773, 790.46
3, 024, 668. 24
2, 794, 584.01
2, 592, 021. 33
2, 044, 922. 75
1,616,127.53
67, 457, 848. 83 60,940,067.16
O n capital.
Total,
$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, 366. 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
#
$167, 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, C8H, 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
3, 024, 668. 24
2, 794, 584. 01
2.592,021.33
2, 044, 922. 75
1, 616,127. 53
7, 855, 887. 74- 136, 253, 803. 73
STANDING TO T H E CREDIT OF D I S B U R S I N G
AGENTS OF T H E UNITED STATES J U N E 30, 1888.
OFFICERS
Office in which deposited.
Treasury United States, Washington, D.C
Sub-treasury United States, Baltioiore, Md
Sub-treasury United States, Boston, Mass
Sub-treasury United States, Chicago, 111
Sub-treasury United States, Cincinnati, Ohio...
Sub-treasury United States, New Orleans, La..
Sub-treasury United States, New York, N. Y . .
Sub-treasury United States, Philadelphia, Pa ..
Sub-treasury United States, Saint Louis, M o . . .
Sub-treasury United States, San Francisco, Cal
National-bank depositaries
Total
,, 708, 726. 93
221, 389. 64
930, 300. 36
808, 299. 25
284,038.91
518,712.28
., 551, 945. 59
795,616.39
753, 748. 97
733, 361.11
:, 693, 259. 78
21, 999, 399. 21
NoTE;—Balances to the credit of mints and assay-offices for the purchase of bullion are not included
in this statement.
31
TEEASUREE.
No. 8.—ASSETS AND L I A B I L I T I E S OF THE T R E A S U R Y OF T H E U N I T E D STATES, J U N E
30^ 1887. •
Assets.
GOLD—Coin
...
Bullion
..
..
.......
Liabilities.
Balances.
$192, 598, 626. 85
86, 381,026. 76
$277, 979, 653. 61
Certificates
L e s s a m o u n t on h a n d
Netgold
SILVER,—Standard dollars
Bullion
121, 486, 817. 00
30, 293, 310. 00
211, 491,527. 00
4, 045, 091. 29
$91,193, 507.00
'
^
$186, 786,146.61
215, 536, 618. 29
145, 543,150. 00
Certificates .
3,215,200.00
L e s s a m o u n t on h a n d . .
142, 327, 950. 00
N e t silver
73, 208, 668.29
29, 625, 408.29
U N I T E D STATES NOTES
Certificates
•
•' L e s s a m o u n t on h a n d . -
9,140, 000.00
3.10, 000. 00
8, 830, 000. 00
N e t United States notes
T R A D E DOLLARS REDEEMED
N A T I O N A L - B A N K NOTES
D E P O S I T S IN NATIONAL-BANK D E P O S I TARIES
Totals
Public debt and interest:
I n t e r e s t d u e and u n p a i d
Accrued interest
M a t u r e d d e b t -'.
6, 966, 976. 68
25b, 032. 00
20, 755, 408.29
6, 966, 976. 68
250, 032.00
23, 316, 877. 91
23, 316, 877. 91
553, 675, 566.78 242, 351,457.00 311,324,109.78
.......
Called b o n d s , n o t m a t u r e d , a n d bala n c e of i n t e r e s t
D e b t bearing no interest
I n t e r e s t on "Pacific R a i l r o a d b o n d s
1, 753, 666.
8, 626, 111.
6,115,165.
190, 753.
76
10
26
87
19, 716, 500. 00
2, 297.07
33,119. 96
A c c r u e d i n t e r e s t on Pacific R a i l r o a d
1, 938, 705. 36
38, 376, 319. 38
Fractional currency redeemed
I n t e r e s t checks and coupons p a i d . .
Totals
R e s e r v e for r e d e m p t i o n of U n i t e d S t a t e s
n o t e s a c t s of 1875 a n d 1882
F u n d for r e d e m p t i o n of n o t e s of n a t i o n a l
b a n k s "failed," " in liquidation," and
"reducing circulation"
. . . . . ..
F u n d for r e d e m p t i o n of n a t i o n a l goldbank notes
„
JFive p e r c e n t , f u n d for r e d e m p t i o n of
national-bank notes
- .
2, 297. 07
5, 560, 703. 69
100, 000, 000. 00
97, 909, 054.10
83, 864.00
8,113, 335. 33
N a t i o n a l - b a n k n o t e s i n p r o c e s s of
redemption
Post-Office D e p a r t m e n t a c c o u n t . . . .
. . 6, 559, 255. 37
21, 613, 318. 55
D i s b u r s i n g officers' b a l a n c e s
U n d i s t r i b u t e d a s s e t s of failed n a t i o n a l
788,18L85
banks ' C u r r e n c y a n d m i n o r coin r e d e m p t i o n ac720. 00
count
...
F r a c t i o n a l s i l v e r coin r e d e m p t i o n ac1, 405. 00
count
981, 836.99
Redemption and exchange account'
Treasurer's transfer checks and drafts
2,177, 221. 45
outstanding
T r e a s u r e r U . S., a g e n t for p a y i n g i n t e r e s t
305, 426.14
on D . C. b o n d s
I n t e r e s t on D . C. b o n d s p a i d
Totals
Balance
-Assets not available:
M i n o r coin
F r a c t i o n a l s i l v e r coin
•
5,563,000.76
569, 238, 667. 54 280, 727, 776.38
2,165,539.41
106,106, 253. 43
2,195.35
561, 406, 302. 30 519, 261, 395.16
42,144,907.14
32, 427, 365. 35
115j 472. 94
„.."... 26, 963, 998. 98
27, 079,471. 92
Aggregate
588,485,774. 22 519, 261, 395.16
27, 079, 471.92
69, 224,379.06
32
REPORT
ON T H E
FINANCES.
N O . 9.—ASSETS AND L I A B I L I T I E S OF T H E T R E A S U R Y OF T H E U N I T E D STATES, J U N K
30, 1888.'
Assets.
GOLD.—Coin
Bullion
Liabilities.
Balances.
$204,449,750.75
110, 255, 071.71
$314,704j 822. 46
142, 023,150. 00
Certificates
L e s s a m o u n t on h a n d . . . 20,928, 500. 00
.$121, 094,650. 00
Netgold
S I L V E R , — S t a n d a r d doUars
Bullion
. ...
$193,610,172.46244,181, 394. 00
3, 970, 640. 33
248,152, 034. 33
229,491,772,00
Certificates
L e s s a m o u n t on h a n d . . 28, 732,115, 00
200,759, 657.00
N e t silver
UNITED
47,392,377.33=
53, 345,975.89
S T A T E S NOTES
L e s s a m o u n t on h a n d . .
14, 915, 000. 00
250, 000, 00
14,665,000. 00
N e t United States notes..
TRADE-DOLLAR BULLION
NATIONAL-BANK NOTES
D E P O S I T S IN NATIONAL-BANK
TARIES
38, 680,975. 8S»'
6, 487, 029. 02
285,16L0O
58, 712, 511.11
58,712, 511.11
DEPOSI-
681,687, 533. 81 336,519, 307.00 345,168, 226. 81
Totals
P u b l i c debt and interest:
Interest due and unpaid
Accrued interest
1
6, 487,029. 02
285,161. 00
1, 485, 029. 03
8,186,430.93
2, 49.,>, 095, 26
168, 267. 86
1,357.92
..
I n t e r e s t on m a t u r e d d e b t
D e b t bearing no interest
I n t e r e s t on'Pacific railroad bonds
d u e and u n p a i d / .
A c c r u e d i n t e r e s t on Pacific r a i l r o a d
.
14, 039.96
1, 938, 705. 36
14,289, 926. 32
Fractional currency redeemed
United States bonds and i n t e r e s t . . .
I n t e r e s t checks and coupons p a i d . .
1, 357. 92
28,160. 00
172,629.32
202,147."'.24
'
Totals
681, 889, 681.05 350, 809, 233.32
R e s e r v e for r e d e m p t i o n of U . S. n o t e s ,
a c r s f;f' <fi75aiid 1882
F u n d foi- r e d e m p t i o n of n o t e s of n a t i o n a l
banks "failed," " i n liquidation," and
100, 000, 000.00
91, 952, 843.65
F i v e p e r cent, fund for r e d e m p t i o n of
national-bank notes
6, 976, 727. 62
N a t i o n a l - b a n k n o t e s i n p r o c e s s of
redemption
Pofst Office D e p a r t m e n t a c c o u n t . . .
D i s b u r s i n g officers' b a l a n c e s
U n d i s t r i b u t e d a.ssets of failed n a t i o n a l
6, 051, 607. 25
. 21, 999, 399. 21
C u r r e n c y a n d m i n o r coin r e d e m p t i o n accon u t
. . .
F r a c t i o n a l silver coin r e d e m p t i o n a c c o u n t
R e d e m p t i o n and e x c h a n g e a c c o u n t
Treasurer's transfer checks aud drafts
outstanding . . . . . .
...
T r e a s u r e r U. S., a g e n t for p a y i n g i n t e r e s t
on D . C. b o n d s
6, 770, 380. 08
98, 929, 571. 27
600.00
2, 740. 00
2,616,183.31
2, 576, 562, 34
251,179. 33
'i,'876.*30
Intere.st on D . C. b o n d s p a i d
Totals
Balance
Assets not available:
M i n o r coin
F r a c t i o n a l s i l v e r coin
.
li 777, 001.79
688, 661, 937. 43 585,014, 677. 82
103,647, 259. t \
112, 920, 73
26, 044, 062,35
35, 275,873.23
26,156,983. 08
Aggregate
26,156, 983. 08
,714, 818, 020. 51 585, 014, 677. 82| 129, 804, 242. 6S^
33
TREASURER.
No. 10.- -AssETs AND
L I A B I L I T I E S OF
T H E T R E A S U R Y OF T H E U N I T E D . STATES,
S E P T E M B E R 30..
-
1888,
Assets.
Liabilities.
Balances.
$224, 382, 991.70
107, 953, 236. 61
GOLD.—Coin
Bullion
$332,336, 228.31
L e s s a m o u n t on h a n d .
' 160, 354, 600. CO
23, 887,190.00
$136, 467, 410. 00
N e t gold
SiLVER.-^Standard dollars
Bullion - - . . i
.
...
$195, 868, 818. 31
248, 776,160. CO
4, 296, 575.46
253, 072, 735, 46
Certificates
! 228, 381, 476.00
9, 422, 857. 00
Less amounton hand
218,958, 619.00
N e t silver
34,114,116.46
54, 475, 819, 56
U N I T E D S T A T E S NOTES
Certificates
Less a m o u n t on h a n d
13, 420, 000. CO
650, 000. 00
12, 770. 000. 00
N e t United States notes
Totals
P u b l i c debt and interest:
I n t e r e s t due and unpaid
Accrued interest
. -Matured debt
.
..
.....
I n t e r e s t on m a t u r e d d e b t
D e b t b e a r i n g no i n t e r e s t
I n t e r e s t on Pacific R a i l r o a d
bonds due and unpaid
A c c r u e d i n t e r e s t on Pacific Railroad bonds
41, 705, 819.56
6,322,108.27
187, 688.00
6, 322,108.27
187, 688. 00
T R A D E - D O L L A R BULLION
NATIONAL-BANK NOTES
D E P O S I T S IN NATIONAL-BANK DEPOSITARIES
56,959,713.97
703, 354,293. 57
56, 959, 713. 9T
368, ,196, 029. 00
335,158, 264. 57
1,630,745.72
7, 838, 271. 60
2, 419, 625, 26
163, 720, 55
1, 809. 69
16,019.96
969, 352. 68
13, 039, 545.46
Fractional currency redeemed..
U n i t e d S t a t e s b o n d s a n d interest . . . .
. .
I n t e r e s t c h e c k s a n d coui)ons
paid
t
1, 809. 69
1, 839, 855.75
114,700.78
1, 956, 366.22
Totals .
R e s e r v e for r e d e m p t i o n of U n i t e d
S t a t e s n o t e s , a c t s of 1875 a n d 1882.
F u n d for r e d e m p t i o n of n o t e s of nat i o n a l b » n k s " f a i l e d , " " i n liquidation," and " r e d u c i n g circulation",.
F i v e p e r c e n t , fund for r e d e m p t i o n
of natiomal-bank n o t e s
705, 310; 059. 79
381,235, 574.46
100, 000, 000.00
87, 307,731. 66
i
6, 706, 895.13
94, 014, 626. 78
National-b.ank n o t e s in p r o c e s s
of r e d e m p t i o n
Post-Office D e p a r t m e n t a c c o u n t
D i s b u r s i n g officei'.s' b a l a n c e s
U n d i s t r i b u t e d a s s e t s of failed national b a n k s
C u r r e n c y a n d m i n o r coin r e d e m p tion a c c o u n t
F r a c t i o n a l silver coin r e d e m p t i o n ac-.
count
*.
Redemption and excbange account..
Treasurer's transfer checks and
drafts outstanding
T r e a s u r e r U . S . , a g e n t for p a y i n g int e r e s t on D . C b o n d s
•
5, 829, 658. 33
4, 526, 313. 08
26, 779, 005.31
1, 678, 065.73
200.00
5, 230. 00
338, 420. 27
4, 576, 250.13
240,070.74
38,143, 555. 26
I n t e r e s t on D . C. b o n d s p a i d . . .
Totals
Balance
Assets not available:
MinoT'coin
F r a c t i o n a l silver coin.
• A a:s:ree:ate
H. Ex. 2
5,123. 80
711,145,; 44 L 92
613, 393, 756. 50
97,751,685.42
107, 551. 08
24, 785,143. 23
<
24,892,694.31
736, 038,136. 23
24, 892, 694.81
613, 393, 756. 50
122, 644, 379.73
34
R E P O R T ON T H E FINANCES.
No. 11.—UNAVAILABLE
F U N D S OF T H E G E N E R A L TREASURY AND OF T H E P O S T OFFICE DEPARTMENT.
GENERAL TREASURY.
On deposit with the following States under the act of
June 23, 1836:
Maine
New Hampshire
Vei-mont..,-•-..
Massachusetts
Connecticut
Rhodelsland
NewYork
Pennsylvania
New Jersey
Ohio
Indiana
Illinois
Michigan
Delaware
Maryland
Virginia
North Carolina
Sonth Carolina
Georgia
Alabama
Louisiana
Mississippi
Tennessee
Kentucky
Missouri
Arkansas
\
,
1
.'
i..
....*.
-.
Total on deposit with the States
Deficits, defaults, and failures:
Sub-treasuries:
Deficit, sub-treasury U. S., New York, N. Y., 1867, coun< terfeit7.30's
Sub-treasury U. S., New York, N. Y., 1867 to 1888.
Default, sub-treasury U. S., New Orleans, La., 1867, May
&Whitaker
Sub-treasury U. S., NewOrleans, La., 1867, May
property
' Deflcit, sub-treasury U. S., New Orleans, La., 1885
$955,838.25
669, 086. 79
669,086.79
1,338,173. 58
764,670.60
382,335.30
4,014,520.71
2,867,514.78
764,670. 60
2,007,260.34
860,254.44
477,919.14
286,75L49
286,751.49
955,838.25
2,198,427.99
1,433,757.39
J, 051,422.09
1,051,422.09
669,086.79
477, 919.14
382, 335. SO
1,433,7.57.39
1,433, 757. 39
382,335.30
286,75L49
$28,101,644.©!
4,392.91
19,623.52
675,325.22
<
5,566.31
20, 959. 81
-^
Mints and assay-offices:
.
Deficits and defaults, branch mint U. S., San Francisco,
Cal., 1857 to 1869
Default, branch mint U. S., Dahlonega, Ga., 1861..»
Branch mint U. S., Charlotte, N. C , 1861
U. S. assay-office, Bois6 City, Idaho, 1885, N. H.
Camp's account
413,557.96
27,9.50.03
32,000.00
National-bank depositaries:
Failure, Venango National Bank of Franklin, Pa
First National Bank of Selma, Ala
181, 377. 51
33,383.87
Depositories U. S.:
Default, depository U. S., Galveston, Tex., 1861
Depository U. S., Baltimore, Md., 1866
Depository U. S., Pittsburgh, Pa., 1867
Deflcit, depository U. S., Santa F6, N . Mex., 1866, short
in remittance
'.
Total deflcits, defaults, and failures.-.
11, 611.03
$725, 867. 77
485,119.02
214,76L38
778.66
547.50
2,126.11
249. 90
-^
Total general treasury
3,702.17
1,429,450.34
29,531,095.25
POST-OFFICE D E P A R T M E N T .
Default, sub-treasury U. S., New Orleans, La., 1861
Depository'U. S., Savannah, Ga., 1861
Depository U. S., Galveston, Tex., 1861 .:
Depository U. S., Little Rock, Ark., 1861 ..
,
Aggregate..
:
:
31,164.44
205.76
'83.36
5, 823. 50
37,277.06
29,568,372.31
No.
12.—ASSETS AND LIABILITIES
Washington.
•
Baltimore.
O F THE
N e w York.
SEVERAL
Philadelphia.
O F F I C E S OF
Boston.
THE
TREASURY,
J U N E
30,
1868
.
Saint Louis. N e w Orleans. SanFrancisco.
Chicago.
Cincinnati.
ASSETS. ^
,$25r31S,099,25 $4,025,261.60 $10.5, 096, 974. 00 $2, 632, 017. CO i|9,314, 612. 00 $7, 850, 000. 00 $2, 243, 770. 00 $6,174, 200. 00 $5,466,750.00 $31, 370,166. 00
68, 032; 270. CO 3, 607, 667. CO
733, 500. 00 1, 820,808. 00 11, 311, 788. 00 7, 713, 531. CO 18, 402, 410. 00
31, 661, 367. 00 14, 786, 349. 00 2, 091, 0.55. 00
2,315,341,75 . 499,334.05
6, 936, 652. 00
385, 026. 88
842, 852.55
324, 000. 00 1,293,195.00 1,521,442.00
9,726,411.35 1, 882, 202. 90
• 2,591,230,00
1, 350. 00
494, 360. 00
864, 280. 00
495, 200. 00
580, 780. 00 3, 714, 810. CO
6, 869, 240. 00 1,710,520.00 3, 590, 730. 00
6, 227. 00
25. 585, 076. 00
104, 749.00
186, 224. 00
276, 940. 00
176, 325. 00
1, 606, 081. 00
408, 062.00
178, 694. 00
63, 737, 00
532, 986. 00
21,971,204.00 2,150, 254. CO
722, 656. 00
444, 016. 00
United States notes
984,107. 00
17, 883, 800. 32 3,783,619.00 1, 252, 030. CO 2, 588, 807. 00
9, 375. 00
3, 085. 00
6, 770, 380. 08
920. 00
905. 00
National-banknotes
15, 860. 00
23, 799. 00
8, 534, CO
74, 698. 00
2, 985. 00
674. 94
.45
.36
Fractional currency
682.18
5,405.21
7, 846.28
Minor coin
..
6, 949. 65 .
. i i , 5.5L5i
3, 370. 93
617.21
31, .517, 22
7, 350.45
7, 073. 43
8.770.10
Lc'al-tender certificates - - 30, OCO. CO
20, 000. 00
• 140, 000, 00
10, 000, 00
50, 000. CO
Interest on U. S. bonds paid.
473.28
11,120.41
10. 00
106, 923. 24
13,978,50
• 7,166.80
6, 617. 66
436, 89
Interest on D. C. bonds paid
1, 876. 30
24, 016. 43
701, 851. 34
Unavailable
Treasurer's transfer account 41, 933, 647. 42
Standard silver dollars
Fractional silver coin
Total
194, 518, 328. 65 10, 922,113. 93
173, 032, 049.15 25,160, 752, 96 17, 260, 766. 48 12, 547, 340. 99 10, 364, 007. 25 20, 417, 022. 34 15, 753, 210. 78
57, 267, 012. 28
856, 034. 83
424,190.35
LIABILITIES.
D i s b ' g o f f i c e r s ' b a l a n c e s , e t c - 3,633,351.83
253, 347. 08
P. 0. Department account..
251,179. 33
I n t e i ' e s t a c c o u n t , D . C . bonds
T r e a ' s c h ' k s & d'fts outs'd'g
329,357.18
N a t . b a n k r e d e m p t i o n f u n d s 98, 929, 57L 27
Treasurer's transfer accouut
Balance
. . . 91,321,52L96
Total
223, 749. 64
250,194.11
29, 791, 768. 66
1, 781, 389. 58
843,758. 39
514, 407. 61
957,185, 36
599, 610.86
293,-443, 91
547, 834. 82
823,019.25
977, 793.80
755, 352. 92
488, 878. 82
518, 712. 28
213, 960. 22
33, 956. 97
1, 069, 219. .32
201,118. 71
181, 444,18
51, 559. 56
282, 271. 60
98, 374. 78
56,839.56
237,156.04
• 6, 058, 560. 25 3, 515, 463. 23 5, 072,151, 51
134, 331, 111. 34 20, 086, 005. 02 10, 450, 374. 57
3, 692, 626.19
7,961,876.51
1, 677,166. 64 6,863,690.43
6, 603, 755.96 12, 210, 725.39
6, 406, 729. 87
8,556, 968. 85
5,412,131.20
50, 337, 499. 86
, 194, 518, 328. 65 10,922,113.93 . 173, 032, 049.15 25,160, 752. 96 17, 260, 766. 48 12, 547, 340.99 10, 364, 007. 25^ 20,417,022.34
15, 753, 210.78
57,267,012.28
. No.
1 3 . — C O M P O S I T I O N AND
Denver.
G o l d coin
Goldbullion
S t a n d a r d silver dollars
$0.90
F r a c t i o n a l s i l v e r coin
Silver bullion
Trade-dollar bars
4.00
United States notes
.06
M i n o r coin
Balancein sub-treasuries and
n a t i o n a l - b a n k d e p o s i t a r i e s . 73, 993. 27
Unavailable
"'
Total
3,235,128.10
7,179,085.11
73, 998. 23
Carson City.
$145, 495. 00
982, 920. 26
5, 315. CO
594. 43
69, 773. 27
DISTRIBUTION OF
THE
BULLION
FUND,
B Y
OFFICES,
N e w O r i e a n s . P h i l a d e l p h i a . S a n F r a n c i s c o . Bois6 C i t y . C h a r l o t t e .
$142, 280. CO
^69, 978. 50
568, 073. 35 22, 927, 691. 73
11, 855, 052. CO •47, 016, 836.00
18, 739. 36
.73
2, 57], 215.10
877, 283. 31
2, 751, 240. 00
$4, 605,140. 00
2, 519, 443. 01
25,142, 074. 00
297, 928. 23
24, 856. 80
240, 256. 02
$17.50
25,106. 25
J U N E
Helena.
30,
H
PO
zn
a
PO
1888.
, New York.
Saint Louis. Dahlonega.
^52, 587.17 $83,.179,249.94
1, 000. 00
427,511.85
3, 495, 533.00
.08
121, 902. 04
3, 392. 67
294, 310. 06
""'4i3,"557.'96'
1, 326, 000.00
13,446, 082. 06
75, 650, 010. 75
15,588,983.43
$1,^03. 95
52, 791.48 135,199.77 102,692,278.30
1, 603. 95
83; 863.77 $20, 791.48
11, 611. 03 32, 000. 00
33, 243, 256. 02 120, 598.55
82, 612. 60
$27, 950. 03
27, 950.03
00
36
R E P O R T ON T H E
FINANCES.
No. 14.—CHARACTER AND D I S T R I B U T I O N OF T H E ASSETS AND L I A B I L I T I E S OF T H E
T R E A S U R Y AND R E C O N C I L I A T I O N O F T H E BALANCE W I T H T H E BOOKS OF T H B
R E G I S T E R OF T H E T R E A S U R Y , J U N E 30, 1888.
•
I r e a s u r y a n d M i n t s and assub-treasday-offi ces
uries.
bullion fund.
Assets.
Mints,
other
than
bullion
fund.
National
bank and In transit
o t h e r depos- t)etween of. fices.
itaries.
15199,486,839.75 $4,962,911.00
G o l d coin
110,255,071.71
Gold bullion
S t a n d a r d s i l v e r d o l l a r s ieo, 1607735.00 84,020,277.00
F r a c t i o n a l s i l v e r coin . . 25,726,458.48
317,263.651
3,970,640.33
Silver bullion
26,9C2V50b.00
G o l d certificates
28,592,115.001
S i l v e r certificates
V*
4.00
United States notes
. 52,313,487..32
National-banknotes.. .
6,910,541.08
Fractional currency
1,357.92
.14
90,451.99
M i n o r coin
. .„
L e g a l - t e n d e r c e r t i fi.250,000.00
cates
- .
United States bonds
and interest
I n t e r e s t on U n i t e d
States bonds p a i d . . . .
146,726.78
I n t e r e s t on D i s t r i c t of
Columbia bonds paid.
1,876.30
6,487,029.02
Trade-dollar bars
B a l a n c e s in s u b - t r e a s . u r i e s t o c r e d i t of
m i n t s a n d assay-offices
16,271,45^3.27
Deposits in n a t i o n a l $58,712,511.11
b a n k depositaries M i n o r coinage in e t a 1
fund
$44,000.00
Minor coinage redemp22,468.60
tion account
339.42
Recoinage account
.
485,119.02
218,463.55
725,867.77
Total assets
^ t r e a s u r e r ' s t r a n s f e r acAggregate
495,308,957.39 226,769,769.14
Total.
$204,449,750.75
110,255,071.71
^$382.80 244,181,394.80
26,043,722.13
3,970,640.33
26,bbo.ob 20,928,500.00
140,000.001 28,732,115.00
988.484.'57 53,301,975.89
7,055,541.08
145,000.00
1,357.92
90,452.13
250,000.00
28,160.00
28,160.00
25,902.54
172,629.32
1.876.30
6,487,029.02
16,271,453.27
58,712,51L11
44,000.00
22,468.60
339.42
1,429,450.34
66,808.02 58,930,974.66 1,353,929.91 782,430,439.12
41,933,647,42
41,933,647.42
. ' . . . 537,242,604.81 226,769,769.14 . 66,808.02 58,930,974:66 1,353,929.91 824,364,086.54
Liabilities.
D u e [depositors for sil193.082.20
193,082.20
D i s b u r s i n g officers' balances and other small
3,778,518.31
38,696,377.07
P . 0 . D e p a r t m e n t ac1 6,051,607.25
count
I n t e r e s t account. District
of C o l u m b i a b o n d s
251,179,33
F u n d s for r e d e m p t i o n of
national-bank notes..
98,929,571.27
Treasurer's checks and
drafts outstanding
2,341,297.90
T r e a s u r e r ' s t r a n s f e r account , .
41,93S,647;45
42,474,895.88
6,051,607< 25
251 179.33
98,929,571.27
235,264.44
2,576,562.34
41,933,647.42
T o t a l liabilities
Balance
k88,203,680.24
349,038,924.57 226,769,769. i4
1 4,013,782.75 193,082.20 192,410,545.19
66,808.02 54,917,191,91 1,160,847.71 631,953,54L35
Aggregate
1 537,242,604.81 226,769,769.14
66,808.02 58,930,974.66 1,353,929.91 824,364,086.54
RECONCILIATION.
Total balance as above
Less amounts not covered by warrants (see page 33)
Balance, Treasurer's general account
^
Unavailable deposits with the States
Balance as shown by Register's books
.,
:
"
$631, 953, 541. 35
606, 086,32
631,347,455,0.^
28,101,644,91
659,449,099.94
37
TEEASUEER.
No. 15.—^STATEMENT B Y L O A N S , OF U N I T E D STATES B O N D S H E L D I N TRUST F O R
NATIONAL BANKS, J U N E 30, 188'S, AND OF CHANGES D U R I N G T H E FISCAL Y E A R
1888 IN T H E CHARACTER O F T H E B O N D S H E L D .
-
Bonds
Four per
L o a n of
Funded
i s s u e d to
c e n t , con- , tTuJy 12,
Pacific
loan of 1891 sols of 1907
1882
r a i l r o a d s (4^ p e r c t o •
(4 p e r c t . ) . (3 p e r c t ) .
(Operct.).
B o n d s h e l d i n t r u s t J u n e 30, 1887—
F o r circulation
F o r public moneys
$3,175, 000 $67, 743,100 l$115,842,650 55, 205, 950 !$191, 966, 700
9, 434, 000
1.5, 568, 500 1,308,000 I 26,485,500
175, 000
Total
3,350, 000
77,177,100
131,411,.] 50
6, 513, 950
218, 452, 200
136, 000
130, 000
7, 670, 350
5, 743, IpO
4, 841..350
15, 260,150
5,168,450
12,647,700
26, 301, 750
926, 000
200, 000
7. 842. 200
1, 612, 700
.27. 773, 800
8, 913, 800
1,173, 000
36, 542, 000
6, 899, 500
3,181, 000
901, 000
69, 670, 300
15, 663, 500
105,423, 850
39,428, 500
37. 500
135, 000
178, 312, 650
56,128,000
4, 082, 000
85, 333, 800
144, 852, 350
D e p o s i t e d a n d w i t h d r a w n d u r i n g fiscal
year—
F o r circulation-rDeposited
Withdrawn
For public moneys—
Deposited
' Withdrawn
.,
B o n d s h e l d in t r u s t , J u n e 30, 1888—
F o r circulation
F o r public moneys
Totai
No. 16,-
-DATES WHEN
EACH
ISSUE
OF U N I T E D
CEASED.
234, 440,650
STATES C U R R E N C Y BEGAN
Began.
Issue.
Old d e m a n d n o t e s
United States notes:
N e w issue
I s s u e of 1869
I s s u e of 1874
I s s u e of 1875 '.
I s s u e of 1878
I s s u e of 1880
One a n d t w o y e a r n o t e s of 1863:
One-year n o t e s
Two-year notes
Two-year coupon notes
Compound interest notes
Fractional currency:
First issue
Second i s s u e
Third issue
,.
F o u r t h issue
Fifth issue
Gold c e r t i f i c a t e s :
A c t o f M a r c h , 31863
A c t o f J u l y 12, 1882
Silver c e r t i f i c a t e s :
S e r i e s of 1878
Series of 1880
Series of 1886
Total.
-
r
„o
i
•
AND
Ceased.
A u g . 26,1861
Mar.
5,1862
Apr.
Oct.
July
July
Mar.
Mar.
2, 1862
19, 1869
25, 1874
20, 1875
4, 1878
16, 1880
Aug.
June
Nov.
June
May
] 6,1870
30,1877
13,1877
20,1879
12,1884
Feb.
Mar.
Jan.
June
4, 1864
16, 1864
12, 1864
9, 1864
J u n e 1,1864
M a y 30,1864
A p r . 20,1864
J u l y 24,1866
Aug.
•Oct:
Dec.
July
Feb.
21, 1862 Sept. 21,1866
10, 1863 F e b . 23,1867
5, 1864 A p r . 16,1869
14, 1869 F e b , 16,1875
26, 1874 F e b . 15,1878
N o v . 15, 1865
Oct. 2, 1882
Dec.
A p r . 11, 1878
M a y 26, 1880
S e p t . 7, 1886
M a y 22,18'86
3,1878
38
No.
R E P O R T ON T H E
FINANCES.
1 7 . — U N I T E D STATES C U R R E N C Y O F E A C H I S S U E AND D E N O M I N A T I O N I S S U E D ,
R E D E E M E D , AND OUTSTANDING AT T H E CLOSE OF T H E F I S C A L Y E A R 1888,
OLD DEMAND NOTES.
Redeemed.
Outstanding.
Issued.
Denomination.
During
fiscal y e a r .
F i v e dollars
T e n dollars
T w e n t y dollars
Total
T o J u n e 30,1888.
Amount.
Per
cent.
$21, 800, 000. 00
20, 030, 000.00
18, 200. 000. 00
$92.50
90.00
140.00
$21, 777, 257. 50
20, 009,155. 00
18,186, 780. 00
$22, 742. 50
20, 845. CO
13, 220. 00
O.lO
0.10
0.07
60, 030, 000. 00
322. 50
59, 973,192. 50
56, 807. 50
0.09
UNITED STATES NOTES.
Redeemed.
Issue and denomination.
.
During
fiscal y e a r .
22}ew I s s u e .
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars .
Unknown
Outstanding.
Issued.
$28,351,348.00
34, 071,128. Co
101, 000, 000. CO
118, 010, 000. 00
102, 920, 000. 00
30, 055, 200. 00
. 40, 000, 000. 00
58,986, 000. 00
155, 928, 000. 00
T o J u n e SO, 1888.
$3, 612, 35
4, 971. 60
53,126, 25
107, 356. 00
124,139. 00
17,190. 00
23, 710. 00
11, 000. 00
9, 500. 00 ,
$27, 571, 356. 00
33, 475, 711. 00
100, 4.57, 050. 00
114, 483,109. 00
100, 857, 986.00
29, 773, 075. 00
39, 597, 400. 00
58, 754, 000. CO
155,722,000.00
135,000.00
Amount.
$779, 992. 00
595,417.00
542, 950. 00
3, 526, 891- 00
2, 062, 014. 00
282,125. 00
402, 600. 00
232, 000. 00
206, ooo; 00
Per
cent.
2.75
1.74
0.54
2.99
2.00
0.93
LOI
0.39
0.13
8, 629, 989. 00
D e d u c t for u n k n o w n denominations destroyed in Chicago
fire
Total
.
I s s u e of 1869.
O n e dollar
T w o dollars
Five dollars.
.
T e n dollars
T w e n t y dollars
Fiftydollars
One h u n d r e d dollars..
F i v e h u n d r e d dollars
One thousand dollars
Unknown
135, COO, 00
669, 321, 676. 00
...
42, 456, 812. 00
50, 511, 920. 00
50, 581, 760. 00
, 85, 221, 240. 00
73,162, 400. 00
30, 200, 000.00
37,104,000,00
44, 890, 000, 00
79,700,000,00
354,605.20
19, 976. 25
24, 782. 40
229, 540. 75
1,176,495. CO
1, 342, 004. 00
172, 700.00
404, 500. 00
5, 500. 00
136, 000. 00
660, 826, 687. 00
8,494,989.00
1. 27
42, 053, 965. 50
50,126,126. 00
49, 529, 567. 50
81, 214, 040. 00
68,202,870.00
29,127, 025. 00
34, 798, COO. 00
44, 632, 500. 00
78, .374, 000. 00
865,000. 00
402, 846. 50
385, 794. 00
1, 052, 202. 50
4, 007, 200. 00
4, 959, 530,00
1, 072, 975. 00
2, 306,000. 00
257, 500, 00
1, 326, 000. 00
0,95
0.76
2.08
4.70
6.78
3.65
6.21
0.57
1.66
15, 770, 048. 00
D e d u c t for u n k n o w n denomin a t i o n s d e s t r o y e d in C h i c a g o
fire
Total
:..
I s s u e of 1?.U.
O n e dollar
^
T w o dollars
Fifty dollars . . .
F i v e h u n d r e d dollars .
Total
• I s s u e of 1875.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
Total.
865, 000. 00
478, 923, 084. CO 14,905,048.00-
493, 828,132, 00
3, 611, 498.40
18, 988, 000.00
16, 520, 000. 00
24,460,000.00
28, 000, CCO, 00
18,560.60
15, 741.60
715, 275. 00
133, 500. 00
18, 848,434.CO
16,412,819.00
21,479, 250. 00
27, 500, 000. 00
139, 566. CO 0.74
107,18L00
0.65
2, 980, 750, 00 12.19
500, 000. 00
1.79
87, 968, 000. 00
883, 077. 20
84, 240, 503.00
3, 727, 497. 00
4.24
25, 956, 065, 00
255, 935. 00
22, 797, 450. 00
238, 550, op
44, 770, 645.00
1, 409, 355, 00
21, 9.t5,170. UO 1, 744, 830, 00
21, 854, 720,00 • 3,145, 280, 00
1, 699, 000. 00
301, 000, 00
13, 245, 400, OO 2, 954, 600. 00
26,971,000.00
1, 429, boo, 00
0.98
1.04
3.05
7.37
12.58
15.05
18.23
5.00
38,189.20
26, 212, 000.00
51, 454. 60
23,036,000.00
454, 521. 00
46,180,000.00
686, 242,00
23, 660, 000. 00
25, 000, 000. 00 1,027, 528. 00
100, 775, ©0
2, 000, 000, 00
644, 260, 00
16,200,000.00
179, 000. 00
28, 400, 000. CO
190, 688, 000.00
3,181, 969. 80
179, 209, 450. 00
11,478,550.00
3.02
6.02
39
TEEASUEEE.
No,
1 7 . — U N I T E D STATES C U R R E N C Y O F E A C H I S S U E AND D E N O M I N A T I O N I S S U E D ,
R E D E E M E D , AND OUTSTANDING, ETC.—Continued.
U N I T E D STATES NOTES—Continued.
Redeemed.
, Issue and denomination.
'
Outstanding.
Issued.
During
fiscal y e a r .
I s s u e of 1^78.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars
Total
Amount.
Per
cent.
$12, 512,000. 00
$34, 821. 70
$12, 329, 896,00
9, 352,000.00
29, 270. 00
9, 219, 524. 00
SO, 160, 000. 00
474, 831. 00 , 28, 815, 960.00
26, 000,000. 00 1, 022,188. 00
23,440,390.00
34,800, 000. 00 2, 055, 272,00
29, 245, 080. CO
10, 500. 000,00
742, 830. CO
8, 07^7, 600. 00
20, 200, 000. 00 1,'274, 830. CO
15,181,100. 00
12, 000, 000.00
656, 500. 00
9, 336, 500. CO
24, 000, 000. 00
687, 000.00
20, 308, 000. 00
20, 000, 000. CO
10,000.00
19, 965,000. 00
40,000,000.00
39, 990, 000.00
$182,104.00
132, 476. 00
1, 344, 040.00
2, 559, 610. 00
5, 554, 920.00
2,422,400.00.
5, 018, 900. 00
2, 663, 500. 00
3, 692, 000. 00
35, 000. Od
10, 000. 00
L45
1.41
4.46
9.84
15.96
23.07
24.85
22.20
15. 38'
0.17
0.02
215, 909, 050. 00
23, 614, 950, CO
9.86
51, 748, 211. 00
3, 419, 789.00
44,482,482.00
3, 517, 518. 00
70,633, 675. 00 76, 706, 325. 00
27, 054,130. 00 74, 425, 870, 00
9, 387, 820. 00 69, 092,180, 00
3, 588, 700. 00 14,811,300.00
5,178, 000. 00 20, 422, 000. 00
2,986,000.00
1, 264, 000. 00
15,42i, 000. 00 19,079,000.00
6.20
7.33
52.06
73.34
88.03
80.50
79. 77
70.25
55.30
239, 524, 000. 00
I s s u e of 1S80.
One dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
One hundred dollars. - . .
F i v e h u n d r e d dollars
One thousand dollars
T o J u n e 30,1888.
6, 987, 642.70
55,168, 000. 00 3, 501, 983, 90
48, 000, 000, 00 3, 905, 415.80
147, 340, 000. 00 20, 097, 959, 00
101,480,000. 00 8,114,789.00
78, 480, 000, 00 3, 366,494. 00
18, 400, 000. 00 1, 089, 665. 00
25,600,000.00 1, 092, 000. 00
151, 000. 00
4, 250, 000. 00
, 34, 500,000. 00 7, 414, OCO, 00
Total
228,758, 018. 00 284, 459, 982. 00. 55.43
513,218,000.00 48, 733, 306.70
ONE AND TWO YEAR NOTES OF 1863.
Redeemed.
Outstanding.
Issued.
Issue and denomination.
During
fiscal y e a r .
T o J u n e 30,1888;
$230. 00
420. 00
150.00
300. 00
$6,193, 085. 00
16,425, 280. CO
8, 233,350. 00
13,633,100. 00
90.00
Amount.
Per
cent.
One-year notes.
$6, 200, 000. 00
16, 440, 000. 00
8, 240, 000. 00
13, 640, COO. 00
T e n dollars
TTwenty d o l l a r s . Fifty dollars
One h u n d r e d dollars
Unknown ..
$6,915.00
14, 720, 00
6, 650. 00
6, 900. 00
0.11
0.08
0.08
0.05
35,185.00
D e d u c t for u n k n o w n denominations destroved . . . . .
90. 00
Total
44, 520, 000. 00
1,100.00
44, 484, 905. 00
35, 095, OO
0,08
250.00
400. CO
6,793, 750. 00
9, 677, 600. 00
6. 250, 00
2,400,00
0,09
0.02
•
Two-year notes.
F i f t y dollars
:
One h u n d r e d dollars
6, 800, 000. 00
9, 680, 000. 00
Total
16, 480,000. 00
650. 00 .
16,471,350.00
8, 650. 00
0.05
5, 905, 600. 00
14,484,400. 00
40, 302, 000.00
89, 308, COO. 00
50.00
5,903, 700.00
14, 476, 200.00
40, 300, 500,00
89, 289, 000. 00
10, 500. 00
1, 900. 00
8, 200. 00
. 1, 500. 00
i9, 000.00
0.03
0.06
'Two-year coupon notes.
F i f t y dollars
One hundred dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars
Unknown
'
0.02
30,600.00
D e d u c t for u n k n o w n d e n o m i n a tions destroyed
Total..
10,500,00
150, 000, 000.00
50. 00
149, 979, 900. CO
20,100.00
0.01
• -.
40
No.
R E P O R T ON T H E FINANCES.
1 7 . — U N I T E D STATES C U R R E N C Y O F EACH I S S U E AND DENOMINATION ISSUEDO
R E D E E M E D , AND OUTSTANDING, ETC.—Continued.
COMPOUND-INTEREST NOTES.
Redeemed.
During
T o J u n e 30,1888.
fiscal y e a r .
Ten dollars.
T w e n t y dollars
F i f t y dollars
One h u n d r e d doll a r s . . . . . . . .
F i v e h u n d r e d dollars
One thousand dollars
Total
, Outstanding.
Issued.
Denomination.
-.
....
Amount.
Per
cent.
$23,285, 200. 00
30,125, 840.00
60, 824, 000.00
45, 094, 400, 00
67, 846, COO. 00
39, 420, 000.00
$720.00 .
980.00.
1,050.00
200. 00
500. 00
$23, 260, soo: 00
SO, 086, 230.00
60, 753, 750. 00
45, 058, 800. 00
67, 833, 500. 00
39, 413, 000.00
$24, 900. 00
39,610.00
70, 250.00
35, 600.00
12, 500.00
7, 000. 00
0.11
0.13
0 11
0.08
0 02
0 02
266, 595, 440. 00
3,450. 00 - 266,405,580.00
189, 860. 00
0.07
FRACTIONAL CURRENCY.
Redeemed.
Outstanding.
Issued.
Issue and denomination.
During
fiscal y e a r .
T o J u n e 30,1888
Amount.
Per
cent.
•
F i r s t issue.
Five cents
Ten cents
'
Twenty-five cents
Fifty cents
'
'.-..
Total
$2, 242, 889. 00
4,115, 378. 00
5, 225, 696, 00
8,631,672.00
$22. 59
47.04
73. 29
121.26
$1, 214, 689. 22 $1, 028,199, 78
1, 243, 761. 67
2, 871, 616. 33
4,186, 836. 25 1, 038, 859, 75
7. 661, 733.25
969,938.75
45.84
30.22
19.88
11.24
20, 215, 635, 00
264M8
15, 934, 875. 05
4, 280, 759. 95
2L18
2, 794, 826,10
6,176, 084. 30
7, 648, .341. 25
6, 545, 232, 00
44.06
68. 23
64.92
77.50
2,096,319.02
5, 264, 085. 40
6, 903,146. 33
5, 795i 108. 05
698, 507. 08
911, 998. 90
745, 195, 92
750,123. 95
24.99
14.77
9.74
11. 46
23,164,483.65
2.54.71
20, 058, 657. 80
3,105, 825. 85 13.41
601,923.90
657,002,75
16, 976,134, 50
1, 352,40
31,143,188. 75
36, 735, 426, 60
7.97
2L59
553. 59
.21
718:44
1,009.10
611,658.51
' 524, 625, 23
15, 925, 388, .52
75, 67
30,242,418.74
35, 930, 676. 00
90, 265. 39
132, 377. 52
1, 050, 745. 98
• 1,276.73
900, 770. 01
804, 750. 50
15. 00
20.15
6.19
94.38
2.89
2.19
86,115, 028. 80
2, 310. 90
8.3,134,842.67
2, 980,186.13 .
3.46
34, 940, 960, CO
5,304,216.00
58, 922, 256. 00
77, 399, 600. 00
2, 080. 56
.547. 41
3, 606.83
4,426.50
1,374,187.20
33, 566, 772. 80
239, 512.19
5, 064, 703. 81
57, 897, 550. 37 . 1,024,705.63
1,
069,834.75
76, 329, 765. 25
32, 000. 00
Second issue.
Five cents
»
Ten cents
Twenty-five cents
Fifty cents...-.
Total
T h i r d issue.
Three cents
Five cents
Ten cents . . - . . .
Fifteen cents
Twenty-five cents
Fifty cents
...
Total.
F o u r t h issue.
Ten cents
Fifteen cents
Twenty-five cents
Fifty cents
Unknown
1
3, 708, 239. 77
D e d u c t for u n k n o w n denominations destroyed in Chicago
fire
^
Total
3.93
4.52
1.74
1.38
•
32,000.00
176, 567, 032. 00
10, 721.30
172, 890, 792, 23
3, 676, 239. 77
2.08
4,271.63
4, 537. 03
1, 960. 80
19, 503, 317. 80
35, 509, 640, 75
6, 393, 371. 00
486, 582. 20
58-2,359. 25
186, 629. 00
2.43
1.61
2.84
10, 769. 46
61, 406, 329. 55
1, 255, 570.45
2.00^
F i f t h issue.
Ten cents
Twenty-five cents
Fifty cents
19, 989, 900. 00
36,092, 000. 00
6, 580, 000. 00
Total.
62, 661, 900, 00
.
41
TREASURER.
JSTO. 1 7 . — U N I T E D STATES C U R R E N C Y O F EACH I S S U E AND D E N O M I N A T I O N I S S U E D ,
R E D E E M E D , A N D OUTSTANDING, ETC.—Coiatiriued.
RECAPITULATION.
Outstanding.
Redeemed.
Issued.
Class.
D u r i n g fiscal
year.
Old d e m a n d n o t e s
....
U n i t e d fcitates n o t e s
One a n d two year notes
Compound interest notes
Fractional currency
Total
:..
..:
T o J u n e 30,
1888.
Per
cent.
Amount.
$322. 60
$.56, 807. 50
$60, 030, 000. 00
$59, 973,192. 50
2,194, 547, 808. 00 63, 652, 000, 00 1, 847, 866, 792. 00 346, 681, 016.00
63, 845.00
211,000,000.00
1, 800, 00
210, 936,155. 00
189,860. 00
266, 595, 440. 00
3, 450. 00
266,405,580.00
368, 724, 079. 45
24, 320. 55
353,425, 497. 30 15, 298, 582.15
0.09
15.80
0.03:
0.07
4.15
3,100,897,327.45. 63,681,893.05 2,738,607,216.80 362,290,110.65
1L68
No. 18.—REDEMPTION O F U N I T E D STATES C U R R E N C Y F O R T H E FISCAL Y E A R 1888,
TOTAL R E D E M P T I O N S TO J U N E 30, X88d, AND DEDUCTIONS ON ACCOUNT O P M U TILATIONS.'
.
D e d u c t i o n s on a c c o u n t
of m u t i l a t i o n s .
Redemptions, n e t value. '
I n fiscal y e a r .
T o J a n e 30,1888.
$320.^00
68, 559, 276. 00
1, 800. 00
3, 450. 00
7,400.00
21,944,756.00
64, 583, 394."00
$.^9, 971, 06L 25
1, 847, 672, 201. 50
210,935.763.00
266,40.5,100.00
353, 283, 6 9. 91
146, 403, 606. 00
137; 690, 277.00
150,098,396.00
3, 022, 361, 628. 66
Old d e m a n d n o t e s
United States notes
One a n d t w o y e a r n o t e s . .
Compound-interest notes.
Fractional currency
Silver certificates
G o l d certiflcates
Total -
No. 19.-
In
'
fiscal
year.
T o J u n e 30,
1888.
T o t a l face valu©
of n o t e s ^
redeemed.
42,39
914, 00
86,00
$2,131. 25
194, 590, 50
392. 00
480. 00
141, 877.39
2,622,00
153. 00
$59, 973,192. 50
1, 847, 866, 792, 00
210, 936,155, 00
26^6,405, 580. 00
353, 425,497.30346,406,228.00
137, 690,430. 00*
4,214.39
342, 246.14
3, 022, 703, 874, 80'
$3,172.00
-IssuES AND R E D E M P T I O N S O F U N I T E D STATES N O T E S B Y DENOMINATIONS
A N D B Y F I S C A L YEAP.S.
Denomination.
1862.
One d o l l a r
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars
O n e h u n d r e d dollars
Five hundred dollars...
One thousand dollars . . . . . . . .
Total
Issued,
Redeemed.
Increase in
circulation.
$17,140, 000
15,440, 000
16, 040. 000
13, 000, 000
13,000,000
13, 000, 000
12, 000, 000
$2, 000, 000.00
$17,140, 000. 00
15, 440, 000. 00
15,040,000.00
13, 000, 000. CO
13, 000, 000. 00
13, 000, COO. 00
10, 000, 000. 00
98, 620, 000
2, 000, 000.00
96, 620, 000.00
1863.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
O n e h u n d r e d dollars . .
F i v e h u n d r e d dollars
One t h o u s a n d dollars
. . .
Total
16, 000, 000
17, 000, 000
62, 860, 000
74, 560, 000
59, 960, 000
10, 080, 000
17, 800, 000
13, 500, 000
19, 500, 000
.291, 260, 000
13, 032. 00
5, 044,00
69, 735.00
46,140,00
62,160. 00
44, 000. 00
1, 300. 00
1,000.00 •
1, 000. 00
233,-411. 00
15, 986, 968.00
16, 994, 956. 00
62, 800, 265. 00
74, 513, 860. 00
59. 897, 840. 00
10, 036, 000. 00
17, 798, 700. 00
13,499,000.00
19, 499, 000. 00
291, 026, 589. 00
Decrease i h
circulation.
• • >'
42
R E P O R T ON THE.
No.
FINANCES.
19.—ISSUES AND R E D E M P T I O N S O F U N I T E D STATES N O T E S B Y DENOMINATIONS
AND B Y FISCAL YEARS—Continued.
Denomination.
1864.
O n e dollar
.
T w o dollars
F i v e d o l l a r s '.
T e n dollars
•Twentv dollars
Fiftydollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
•One t h o u s a n d d o l l a r s
Issued.
....
°.
.
Redeemed.
Increase in
circulation.
$946,000
766, OCO
15,700,000
18, 880, 000
11, 919, 680
6, 975, 200
/ 3, 544, 000
7, 414, 000
..
17, 904, 000
$96, 759. 36
62, 648. 05
175,290.50
156, 233. 50
231, 622. 00
90, 622. 60
181,400,00
8, 467,.500. 00
10, 304, 000, 00
$849,240. 65
703, 361. 95
15, 524, 709'. 50
18, 723, 766. 50
11, 688, 058. 00
6, 884, 577. 50
3, 362, 600. 00
84, 048, 880
19, 766, 075. 90
65, 336, 304.10
1, 186, 000
2,130, 000
963,«820
1,125, 040
260, 954.40
260, 574.20
394,275.50
311, 263. 00
526, 033, 00
190, 947.60
333,140. 00
632,47.5. 00
1, 344, 000. 00
925,045. 60
1, 869, 425, 80
569, 544. 50
813, 777. 00
5, 404, 860
4, 253, 662. 60
4,177, 792. 90
714, 000
. 664,000
11, 000, 000
22, 000, 000
1. 266, 495.15
i; 421, 898. 50
688, 593. 50
473,548 00
969, 532. 00
406, 892. 50
552, 675. 00
387, 425. 00
672, 800. 00
10,612,575.00
21, 327, 200, 00
34, 378, 000 '
6, ,739, 859.65
31, 939, 775,00
1, 500, 000
2, 000, 000
2,040,000
56, 412, 000
3, 220, 683. 25
3,691,717.30
29, 837,653. 75
21, 359, 294. 75
7, 218, 210. 00
438, 875. 00
573, 050. 00
363,325.00
50, 559, 900. 00
i, 676, 675, 6b
5, 852,100. CO
61, 952, 010
117, 262, 708. 85
7, 528,775, 00
2, 483, 348
3, 510, 696
2, 032, 000
8,112, 000
4, 297, 683, 25
4, 667, 751, 70
2,230,801,25
3,506,372,50
2,391,665,00
841,932,50
974, 975. 00
1, 504, 975, 00
6,459, 000, 00
527, 025.00
2, 653, 000.00
16,138,044
25,855,156,20
3,180, 025, 00
5, 522, 000
8, 000, 432
4,336,180
8,004,960
16, 000, 320
592, 971. 60
2, 712, 666.10
.5, 656, 000
10, 000, 000
20, 000, 000
4, 929, 028.40
5, 287, 765, 90
6, 641, 495. 50
6, 833, 888. 00
5, 816, 229. 00
7,213.355.00
6, 010, 285. 00
7,548,47.5,00
7, 669, 000. 00
2, 451, 525. 00
12, 331, COO. 00
.77,519,892
67, 947, 521. 80
29, 443, 325. 70
Total
Decrease in
circulation.
V
$1, 053, 500. 00
7, 600; 000. 00
L 053, 500. 00
1865.
•One d o l l a r
T w o dollars
F i v e dollars
.1
T e n dollars
T w e n t y dollars
Fifty dollars
'.
One hundred dollars
F i v e h u n d r e d dollars
One thousand dollars
'
.
Total
526, 033.00
190, 947. 50
333,140. 00
632, 475. 00
1, 344, 000.00
3, 026, 595. 50
1866.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fiftv dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
.
..
.-
I Total
//
552,495.15
757, 898. 50
. 588, 693.50
473 548. 00
969^ 532. 00
406, 892. 50
552.675. 00
4, 301, 634. 65
• 1867.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
F i v e h u n d r e d dollar.s
One thousand dollars
•
10
.
Total
1, 720, 683. 25
1, 691, 717.10
29, 837, 653. 75
21, 359, 284. 75
7,218,210.00
438,875. 00
573, 050. 00
62, 839,473. 85
1868.
O n e dolla.r
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars
'
-
Total
1869.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t v dollars • . .
O n e h u n d r e d dollars
.
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars
Total
,.
.'
1 814 335.25
1,157, 055. 70
2, 210, 801.25
3, 506, 372. 50
2,391,665.00
841, 932. 50
974, 975.00
12,897,137.20
2, 305, 315. 50
1,171,072,00
10,184, 091.00
7,211,355.00
354 285,00
9,870 955.50
43
TREASURER.
No. 19.-
- I S S U E S AND R E D E M P T I O N S OF U N I T E D STATES N O T E S B Y DENOMINATIONS
AND BY FISCAL YEARS—Continued.
Denomination.
1870.
O n e dollar .
...T w o dollars
F i v e dollars
T e n dollars .„
T w e n t y dollars
Fifty dollars
One hundred dollars
F i v e h u n d r e d dollars
One thousand dollars
•'
...
'...
:
Total
'
^
1871.
One dollar
T w o dollars
„
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars
F i v e thousand dollars
T e n t h o u s a n d dollars
^
Total.
I n c r e a s e in
circulation.
Issued.
Redeemed.
$8, 220,000
14, 032, 000
19, 580, 000
37, 920, 000
23, 760, 000
20, 600, 000
28, 600, 000
$4, 422, 884. 45
5, 209, 611. SO
10, 053, 996. 25
19, 001, 072. 50
21, 605, 403. 00
9, 223, 617. 50
11,411, 460.00
16, 433,475.00
37, 812, OCO. 00
$3,797,115. 55
8, 822, 383.70
9, 526, 003. 75
18, 918, 927. 50
2,154,597.00
11, 376, 382. 50
17,188,540.00
152,712,000
135,173, 620. 00
71,783,955.00
17,480, 000
16,992, 000
12, 560, 000
29, 400, 000
26, 680, 000
9, 600, 000
120, 000
34, 800, 000
54, 800, 000
5, 002, 208. 45
6, 821, 860. 80
14, 016, 532, 25
16, 997, 841, 50
16, 607, 793. CO
5, 089, 320. 00
8, 915, 880. 00
16, 069, 875. 00
31, 067, 000. 00
12, 477, 791. 55
10,170,139. 20
202,432,000
120,588,311.00
D e c r e a s e in
circulation.
$16 433 475 00
37, 812, 000. 00
54, 245, 475.-00
1,456,532.25
12, 402,158. 50
10, 072, 207.00
4, 510, 680.00
8, 795, 880. 00
18, 730,125. 00
23, 733, 000, 00
92, 096,101, 25
10,252, 412.25
1872.
O n e dollar
..
. .
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars ..;...
O n e t h o u s a n d dollars . .
...
F i v e t h o u s a n d dollars
T e n t h o u s a n d d o l l a r s '.
.
5, 724, 516. 60
7, 566, 79L 90
11, 658, 604. 00
13, 584, 50.5. 50
13,264,976.50
2, 700, 294. 50
4, 722, 665. 00
4, 409, 4.50. 00
4, 468, 000. CO
27, 300, 000
68, 099,804. 00
4, 328, 000
3, 608, 000
5, 240, 000
1,000,000
7, 360, 000
6, 517, 793. 20
7,712,608.55
9, 903, 055. 00
12, 367,770, 75
10,732, 676. 50
1, 765, 468. 00
2, 692, 370. 00
5, 529, 025. 00
6, 808, 300. 00
21, 536, 000
64, 019, 067. 00
. .
Total
1873.
.
.
O n e dollar .
T w o dollars
F i v e dollars
T e n dollars .
.
T w e n t y dollars
F i f t y dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars
6,284,000
8, 216, 000
4, 560, 000
5,160, 000
3, 080,000
. . .
. . .
659, 483.40
649, 208.10
7,098, 604. 00
8, 424, 505. 50
10 184 976.50
2,700 294.50
4, 722, 665. 00
4, 409, 450. 00
4, 468, 000. 00
1,208,691.50
42 008 495.50
2,389,793.20
4 104 608.55
4 663 055.00
11 367,770.75
3,'372, 676.60
1,755,468.00
2, 692, 370. 00
5, 529, 025. 00
6,808,300.00
•
Total
U n k n o w n d e n o m i n a t i o n s d e s t r o y e d in
t h e g r e a t fire a t Chicao'o
.. ..
42,483, 067. 00
1, 000, 000.00
Total
65, 019, 067. 00
1874.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fiftydollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars . . . .
O n e t h o u s a n d dollara
F i v e thousand dollars
T e n t h o u s a n d dollars
Total
/
...
6, 143, 612
7, 6.57, 520
8, 635, 760
11, 705, 240
12, .258,400
2, 428, 276. 50
1, 877,418. 00
8, 384, 000
10, 090, 000
20,100, 000
8, 571, 888. 50
9, 534, 938. 00
8, 452, 272. 50
12, 273, 385. 00
8, 887, 230.00
2, 030, 775. 00
2, 695, 400. 00
34,118, 000. 00
7,840,000.00
12, 260, 000. 00
84, 974, 532
94, 403, 889. 00
21, 503, 257.50
183,'487. 50
5.8,145, 00
3, 371,170. 00
2, 030 775, 00
5, 688, 600. 00
24 028 000.00
30, 932, 614. 50
44
R E P O R T ON T H E FINANCES.
No. 19.—ISSUES AND REDEMPTIONS O F U N I T E D STATES NOTES B Y DENOMINATIONS
AND BY FISCAL YEARS—Continued.
Denomination.
Issued.
1875.
One dollar
....
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
Redeemed.
$14; 626,156 $13, 690, 631. 50
10, 934, 400 16, 923, 616. 00
6, 926, 000
13,560,000
10,160, 000
8, 960, 700
3, 290, 000
27, 950, 000
7, 500, 000
.
Total
19,
36,
30,
7,
10,
6,
27,
657, 201. 50
689, 380. 00
622, 828. 00
031, 850. 00
l l i , 500. 00
663, 000. 00
879, 000. 00
Increase in
circulation.
Decrease in
circulation.
$935, 524. 50
$.5, 989,116. 00
12 731 201. 50
23,129, 380. 00
20, 362, 828. OO
1, 028, 850, 00
6, 821, 500.00
22, 287, 000. 00
20, 379, 000. OO
103, 907, 256
169, 068, 907. 00
24, 251, 374.50
13, 444, 758
12, 792, 000
1.3,120, 000
11,156,000
12,384,000
10,151,000
5, 680, 000
12, 450, 000
200, OOO
12,85.5,120.60
11, 6.55, 842. 40
11,654,083.00
14, 905, 686.00
13, 187, 379. 00
5, 922,185. 00
9, 676, 760. 00
9, 379, .500. 00
7, 940, 500. 00
589, 637. 40
1,136,157. 60
1.465,919.00
91,177, 758
97,177, 0.54. 00
10,347, 399
9, 432, 000
14, 380, 000
7, 320, 000
8,160, 000
5, 983, 300
6, 985, 200
5, 733, 000
4, 500, 000
12, 994, 606.10
11,542,653.40
11, 3 50, 948. .50
12, 229, 152. 00
11, 931,466. 00
5, 559,15.5, 00
4, 796, 870. 00
5,617,000,00
6, 618, 000. 00
72,440.899.
82,448,853.00
• 7, 562, 3.51
6, 288, 000
15, 820, 000
11,380,000
9, 200, CCO
3,200,000
6, 408, 600
4, 817, 000
2, 600, 000
11, 792, 775. 00
10, 746, 878.00
36,111,867.00
13,763,063.00
9, 086, 654. 00
6, 267, 030.00
4,194,100. 00
4, 424, 000. 00
3, 973, OCO. 00
67, 275, 9.51
80, 359, 267. 00
6, 503,133
5, 892, 000
11, 060, 000
9, 280, 000
7,400,000
2, 400, 000
5, 007, 700
.5, 650, 000
3, 900, 000
4,005,000
3,010,000
9, 223, 0''26. 50
8, 710, 295. 00
11, 622, 443. 60
10,193, 082. 00
9,649,756.00
4,059,340.00
4, 593, 890. 00
3, 959, 000. 00
2, 042, 000. CO
5, 000. 00
.50, 000.00
413, 810. 00
1, 691, 000.00
3,858,000.00
4, 000, 000. 00
2, 960, 000.00
64,107, 833
64,107,833.00
10, 922, 810. CO
89, 413, 025. 50
1876.
One dollar
Two dollars
Five dollars
Ten dollai'S
Twenty dollars
Fifty dollars
1
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
-"
.•
Total
3, 749, 686. 00
1, 003, 379. m
4, 228,815. 00
3 996 760 00
3, 070, 50O. 00
7, 740, 500. 00
10, 491,029. 00
16,490, 325, OO
1877.
One dollar
Two dollars
Five dollars
Ten doll ars . . . . . .
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thoiisand dollars
Ten thousand dollars
•. .
Total
-. . . .
2,847,207.30
2, 310, 653, 40
3, 020, 051. 50
4. 909,152. do
3, 771, 466, 00
424,145. 00
2,188,330.00
116,000. 00
2,118, 000. ®0.
5, 748, 526. 50
15, 756, 478. 50
1878.
One dollar
Two dollars....
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
- .
4, 230, 424.00
4, 458, 878.00
291, 867. 00
2, 383, 063. OO
il3,'446."06'
•3,067, OSO. ao
2. 214, 500.00
393, 000.00
1, 373, 000. 00
...
Total
2, 720, 946. 00
15, 804, 262. 00'
1879.
One dollar
Two dollars
Five dollars
Ten dollars
Twentv dollars
Fifty dollars
One hundred dollars
Five hundred dollars
One thousand dollars
Five thousand dollars
Ten thousand dollars
.. ...
Total
.
2,719,893.50
2,818,295.01^
562, 443. 50
913,082.00
2, 249, 756. 013
1, 659, 340. ( ^
10,922,830.^
45
TREASURES.
No. 19.—ISSUES AND R E D E M P T I O N S OF U N I T E D STATES NOTES B Y DENOMINATIONS
AND BY FISCAL YEARS—Continued.
Denomination.
1880.
O n e dollar
...
. . . .
T w o dollars .
.
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
.
.
. "
One h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
F i v e thousand dollars
T e n thousand dollars
...
...
..
Total
Issued.
Redeemed.
Increase in
circulation.
$9, 057, 863
8, 232, 000
19, 680, 000
16, 520, 000
17, 360, 000
1,400, 000
3, 052, 700
2, 300, 000
700,000
1, 000, 000
2, 000, 000
$6,935,511.80
5, 971, 840. 20
8, 354, 565. 00
6, 241, 811. 00
,5, 687, 680. 00
2,114, 345. 00
2,293,310.00
15, 645, 500.00
19, 238, 000.00
4, 320, 000. 00
4, 500,000.00
$2,122,351.20
2,260,159.80
11, 325,435. CO
10, 278,189.00
11,672,320.00
81, 302, 563
81, 302, 563. 00
38,417, 845.00
9, 889, 034
8, 7.52, OOO
14, 760, 000
9,160, 000
6, 240, 000
1, 200, 000
2„944, 300
700, 000
900, 000
7, 575, 604'. 40
6, 860, 690.60
10, 623, 470. CO
7, 086, 364. 00
6,111,610.00
2,306, 085. 00
2,794,530.00
5, 354, 000. 00
5, 408, 000. 00
225, 000, 00
200, 000, 00
54, 545, 334
54, 545, 334. 00
10, 693, 085.00
11,445,524
10,472, 000
14, 280, 000
6, 680, 000
5, 680, 000
3, 200, 000
4, 527, 900
1,7.50,000
1, 500, 000
4, 995, 000
14, 990, 000
8, 370, 332. 00
8, 093, 497. 00
16, 506, 538. CO
10, 885, 621.00
9. 294,126.00
2,711,140.00
3, 008,170. 00
1,444, 000. 00
1,189, 000.00
5, 030, 000.00
12, 990, 000.00
3, 075,192.00
2, 378, 503.00
79, 520, 424
79, 520, 424. 00
10, 081, 285.00
11, 986,114
9, 672, 000
22, 860, 000.
14, 240, 000
6, 000, 000
3, 900, 000
4, 356, 600
2, 350, 000
4, 400, 000
10,000,000
20, 000, 000
9, 970, 610. 80
8, 770, 231. 20
19, 052, 455. 00
14, 291, 880. CO
12,210,562.00
4, 205, 875.00
4, 523, 600. 00
2,127, 500. 00
2,407,000.00
10,105, 000. CO
22,100, 000. 00
2,015,503.20
901, 768. 80
3, 807, 545. 00.
109, 764, 714
109, 764, 714. 00
8, 940, 317. 00
Decrease in
circulation.
------$714 346 00
759, 390.00
13, 345 500. 00
18, 538, 000.00
3,320,000.00
2 500 000.00
38, 417, 845. 09
1881.
O n e dollar
T w o dollars
F i v e dollars
T e n doUii.rs
T w e n t y dollars .
F i f i y dollars :
O n e ' h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
F i v e thousand dollars
^ e n thousand dollars
.
. . . .
..^.
...
.
. . .
Total
2, 313, 429, 60 •
1, 891, 309, 40
4,136, 530. 00
2, 073, 636.00
128,390.00
1,106, 085.00
149,790.00
4, 654, 000, 00
4, 508, 000.00
225, CCO. 00
200 COO. 00
10, 693, 085.00
1882.
One dollar
Tvro "dollars
Fi"ve d o l l a r s
Ten dollars'
T w e n t y dollars
Fifty dollars
O n e h u n d r e d dollars . . . . . . . . . . . .
F i v e h u n d r e d dollars . . . . . . . . . . . . . . . . . .
O n e t h o u s a n d dollars
F i v e thousand dollars
T e n t h o u s a n d dollars
Total
2, 226, 538.00
4 205 621. 00
3, 614,126.00
488, 860. 00
1, 521, 730. 00
306, 000.00
311, 000. 00
•*
35, 000.00
2,000, 000.00
10, 081, 285.00
1883.
One dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y d 0 liars
One h u n d r e d dollars . . . . . . . . .
F i v e h u n d r e d dollars
One thousand dollars
F i v e t h o u s a n d dollars
:
T e n thousand dollars
.. ....
Total
1884.
•.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e u t y dollars
F i f t y dollar's
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
One thousand dollars
F i v e thousand dollars
T e n t h o u s a n d dollars
Total...
.
8, 943, 236
10,019,508.00
7, 808, 000
8, 434, 508. 00
23,420, COO
39,017,170.00
32,160,000 ; 15,365,870.00
9, 280, 000
13, 672, 280. 00
4,2U0,000
4, 877, 000. 00
5, 237, 000
5, 898,4'iO. 00
4, 900, 000
3, 084, 500. CO
10, 000, 000
5, 294, 000. CO
1S5, 000. 00
100, 000. 00
85, 948, 236
85, 948, 236, 00
51,880.00
6, 210, 562. 00
305, 875. 00
167, 000. 00
222,500.00
1,993,000.00
105, 000. 00
2,100,000.00
8, 940, 317. 00
1, 076, 272. 00
626, 508. 00
4,402,830.00
3, 205, 870. 00
4, 392, 280.00
677 000 00
661, 400. 00
1, 81-5, 500. 00
4, 706, 000. CO
185 000.00
100, 000. 00
10, 924, 330. 00
10, 924, 330. 00
46
REPORT
ON T H E FINANCES.
No. 19.—ISSUES AND R E D E M P T I O N S O F U N I T E D STATES N O T E S B Y DENOMINATIONS
AND BY F I S C A L YEARS—Continued.
Denomination.
1885.
One dollar . . . . . . . . . . . . . . . . . . . . . . . . . .
Two dollars
Five dollars
Ten dollars
.... ........
Twenty dollars
--.•Fifty dollars
One hundred dollars . - . . .
Five hundred dollars . . . . . . . . . .
One thousand dollars
Five thousand dollars
Ten thousand dollars
.
Total
Issued.
Redeemed.
$10,187,153
10,856, 000
19, 300, 000
9, 640, 000
9, 760, 000
4, 800, 000
5,000, 000
2, 350, 000
12, 000, 000
$11, 895, 276. 00
10, 458, 817. CO
18, 855,110. 00
14, 627, 630. 00
12, 688,120. 00
4, 549, 000. 00
6, 344, 200. CO
2, 707, 000.00
2, 318, 000. 00
30, 000. 00
20, 000. 00
84,498,153
84,493,153. 00
Increase in
circulation.
Decrease in
circulation.
$1,708,123.00
$397,183, CO
444, 890.00
4, 987, 630. 00
2,928,120. 00
251, 000.00
744 200 00
357, 000. 00
9, 682, 000. 00
30, 000. 00
20, 000. 00
10, 775, 073. 00 ,
10,775,073.00
1886.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
F i f t y dollars
One h u n d r e d dollars
F i v e hundred dollars
One thousand dollars
F i v e thousand dollars
T e n t h o u s a n d dollars
7,348,139.00
7, 090, 700. 00
21,320,000
9, 631, 414. 00
11, 688, 586. 00
9, 960, 000 . 7,840,725,00
2,119,275.00
7,120, 000
7,168,130. 00
2, 000, 000
2,168, 630. 00
4, 700, 000
6, 237, 090. 00
400, 000
4, 533, 000. 00
17, 500, 000
8, 855, 000. 00 "'8,*645,"000.'00"
40, 000.00
30, 000, CO
.. .
Total
63, 000, 000
63, 000, 000. CO
20.395,689,00
7, 348,139.00
7, 090, 700.0©
48,130. 00
168, 630. 00
1, 537, 090. 00
4,133, 000. 00
40 000 00
30, 000. 00
20, 395, 689. 00
1887.
One dollar
. . .
T w o dollars
.... . . . . .
F i v e dollars
T e n dollars
TAventy d o l l a r s
. . . . ..
. . .
F i f t y dollars
One h u n d r e d dollars . . . . . . .
F i v e h u n d r e d dollara
One t h o u s a n d dollars .
F i v e t h o u s a n d dollars
T e n thousand dollars
.
Total
216, 740, 000
22, 640, 000
16, 240, OCO
2,000,000
2, 800, 000
3,648,000
74, 068, 000
8, 806, 546. 00
9,19.5, 798. 00
17, 304, 368. 00
8, 927,190. 00
7, 389, 018. CO
3, 382, 280. 00
4, 516, 300. 00
4, 719, 500. 00
9,832,000,00
15, 000.00
74. 068, 000. .00
8, 806, 546.00
9,195, 798. 00
9, 435, 632, 00
13, 712, 810, 00
8, 850, 982. 00
1, 382, 280. 00
1,716 300.00
4, 719, 500. 00
6,164, 000.00
15, 000.00
31, 999, 424. 00
31, 999, 424. 00
1888.
O n e dollar
T w o dollars
......._.
F i v e dollars
'
T e n dollars
T w e n t y dollars
-.
Fiftydollars
O n e h u n d r e d dollara
F i v e hundred dollars
O n e t h o u s a n d dollars . . . .
F i v e t h o u s a n d dollars
Total
.
.
3, 617,144. 00
4,033,636.00
7,300,000
21, 309, 978. 00
17, 000, 000 '^11,307,070,00
28, 800, 000
7, 915, 437, 00
2, 800, 000
2, 838, 435. 00
3, 439, 300. 00
4, 9U0, 000
1,136, .500, 00
1,.500, OOC
8, 246, 500. 00
3,352,000
10, 000. CO
63, 652, CCO
63, 652, 000.00
3, 617,144. 00
4, 031, 636 00
14, 009, 978. 00
5, 892, 930. 00
20, 884, 563. 00
38,435.00
1, 460, 700. 00
363, 500. 00
6, 894, 500. 00
10, 000. 0028, 601, 693. 00
28, 601, 693. 00
47
TREASURER.
No.
20.—-UNITED STATES N O T E S OUTSTANDING AND R E D E E M E D AND PERCENTAG3E.
OP R E D E M P T I O N S , FROM T H E F I R S T YEAR A F T E R T H E ISSUE CEASED.
NEW-ISSUE.
c Percentage
Fiscal
year.
Denomination.
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
O n e dollar
1
Outstanding.
Redeemed,
$5,550,8.59.60
3, 032, 581.45 '"$2," 518,'278.'is"
1,902,011.50
1,130,569.95
1, 385, 728.00
516,283.50
1, 098, 741.50
286, 986. 50
984,149.05
134,592.45
924, 956.25
59,192. 80
886, 378. 85
38. 577.40
858, 650.15
27, 728.70
840, 917.55
17, 732.60
825, 902.45
1.5. 016.10
833,696.85
32, 205. 60
803, 880, 35
9, 816.50
796, 425. 35
7,456.00
790,917.85
5, 507. 60
787, 042.15
3. 875.70
783, 604. 35
3,437. 80
779. 992.00
3, 612.35
Of outstanding
previous
year.
redeemed.
Of outstanding
first y e a r .
45."367'
37.281
27.144
20.710
10.429
6.015
4.171
' • 3.128
2.065
1. 786
L478
L206
.927
.692
.490
.437
.461
45.'367
20.367
9.301
5. i n
2.064
1.0,66
.695
.499
.319
. .270^
.220"
.177
. .134
.099.070.062
.065
7, 653, 349.65
4, 012, 652. 05 '"'3,"640,'697.'60" ' " " " 4 7 . ' 5 7 0 '
2, 345, 815.00
1,666,837.05
41.540
1, 554, 050.00
791,765. 00
33.762
1, 087, 037.00
* 467,013.00
30.051
900, 792.20
186, 244.80
17.133
809, 798. 00
90, 994.20
10.101
751,866.40
57,931.60
7.154
710,966.60
40, 899. 80
"
5.440
• 684,899.20
26, 067.40
3.666
663, 480.80
21,418.40
3.127
646, 282.40
17,198.40
2.592
631, 674. 20
14, 608.20
2.260
620,966.20
10, 708.00
L695
612, 424. 20
8, 542.00
. 1.376
606, 003.20
6, 421. 00
1.048
600, 388.60
5, 614. 60
.926
595, 417. 00
4, 971. 60
.828
47.'.57b'
21.779
10.345
6.102
2.433
1.189
.757
.534
.341
.280
.225^
.191
.UO
.112
. 084
.073;
.065
T w o dollars
1871
1872
1873
1874
1875
3876
1877
1878
1879
1880
1881
3882
1883
1884
1885
1886
1887
1888
F i v e dollars
1871 '
1872
1873
1874
1875
1876
1877
1878
1879
.1880
1881
1882
1883
1884
1885
1886
1887
1888
37, 0.57,743. 00
25, 579, 238. 25 " i i , " 478,'504.'75
16,503, 237. 50
9, 076, 000.75
10,723,300,00
5, 779, 937. 50
6,191, 691. 50
4, 531, 608.50
3, 999, 005. 75
2,192, 685. 75
2,913,630.75
1, 08.5, 375. 00
2, 307, 392, 75
606, 238. 00
3,893,803,25
413, 589. 50
1, 625, 929, 25
267, 874. 00
1, 405, 249, 75
• 220, 679. 60
1,187, 808.75
217, 441. 00
997, 028. 7.5^
190, 780. CO
844, 628. 75
152, 400. 00
729. ?86. 25 3114, 742.50
653, 535. 75
76, 370. 50
696, 076. 25
57, 439. 50
542, 950. 00
• 53,126. 25
30.* 975'
35. 482
35.023
42. 259
35, 413
27.141
20. 807
17, 924
14.145
13, 573
15, 473
16, 062
15,285
13, 585
10. 463
8.789
8.913
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
49, 536,106.25
36, 577,227. 75
25, 990, 230. 00
18, 781, 720. 00
12, 693, 530. 00
9, 387,167. CO
7, 636, 242. 00
6, 645,1.57. 00
5, 956, 497. 00
5,543,071,00
5,189,809.00
4, 807, 879, 00
4, 446, 304. 00
4,141. 664. 00
26.'i66' '"""""26.'360'
28, 944
21. 372
27. 735
14.552
32,416
12. 290
26, 048
°6. 675
18. 652
3.535
32,980
2.001
10, 363
1.390
6,974
.839
6. 339
• .709
7.3.59
.771
7.520
.730
6.852
.'615
;
T e n dollars
1
"ii," 958,'878." 50
10, 586, 997, 75
7, 208, 510, 00
6, 088,190, 00
S; 306,363, 00
1, 750, 925, CO
991,085,00
688, 660, 00
415, 426, 00
351, 262. 00
381, 930, 00
361, .576.00
304. 640. 00
30.'975
24. 491
15. 597
12,228
5.917
2, 929
1.636
1.11&
.723
.595
.587
.515
.411
.330
.206
. 155
.143
48
R E P O R T ON T H E FINANCES.
No, 2 0 . — U N I T E D STATES N O T E S OUTSTANDING AND R E D E E M E D AND P E R C E N T A G E
OF R E D E M P T I O N S , ETC.—Continued.
N E W ISSUE—Continued.
Percentage redeemed.
0
Fiscal
year.
Denomination.
904,
750,
634,
526,
269. 00
684. 00
247. 00
891. 00
Of outstariding
previous
year.
Of outstanding
first y e a r .
1885
1886
1887
1888
......
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
47, 545. 662. CO
• 34, 474; 763. 00 "i3,'070,'899."00'
. 24,275,500.00
10,199, 263. 00
17,189. 740. 00
7, 085, 760. 00
11, SOS; 656. CO
6, 886, 084. 00
8,102, 339. 00
3, 201, 317. 00
6,343,501.00
1, 758, 838. 00
5, 314, 925. 00
1, 028, 576. 00
4, 634, 333. 00
680, 592. 00
4, 217, 519. 00
416.814.00
3, 851,193. 00
366, 326. 00
3,461,701.00
389, 492. 00
3, 086, 641, 00
375, 060. 00
2,757,903.00
328,740.00
2, 498, 331, 00
. 259, 770. 00
2, 339, 887. 00
178, 244. 00
2,186,153. 00
133, 734. 00
2, 062, 034. 00
124,139. CO
27.'49i"
29. [-85
29.189
34. 241
28. 321
21. 708
16. 215
12.805
8.994
8.686
10.114
10. 835
10. 650
9.419
7.135
5. 765
5.678
1871
1872
1873
•1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
18?^5
1886
1887
1888
6, 576, 587. 50
4, 049, 515. 60 "'2,'527,*672.'6o"
2, 704, 800.00
1, 344, 735. 50
1, 888, 07.5. 00
816, 72.5. CO
1, 299, 926. 00
588, 160. 00
989,125. 00
310, 800. 00
814, 645. 00
174, 480. 00
697, 245. 00
117,400.00
613,630.00
83, 635. 00
557, 715. 00
65,.895, 00
6I3; 715. 00
44, 000, 00
465, 965. 00
47, 750, 00
423, 765. 00
42, 200. CO
.382,265.00
41, .500. 00
350,215. 00
32, 060. 00
339,315.00
30, 900. 00
299, 315. 00
20, 000. 00
282,125. 00
17,190. 00
38." 425"
33.207
30.195
31.151
23. 909
17. 640
14.411
11.995
9.109
7. 890
9. 295
9.056
9.793
8.384
8.823
6.263
5. 743
38." 425
20.447
12.419
8.943
4.726
2.663
1.785
1.272
.850
.669
.726
.642
.631
.487
.470
.304
.261
4i."38i'
36. 572
31.611
32.913
22. 703
17. 823
13.286
11.468
10.445
8.523
9. 662
8.128
8.655
7. 745
13. 985
6.081
5.562
4i.'38i
21. 447
11.760
8,367
3.872
2.349
1.439
1.077
.869
.635
.658
.500
. 489
.400
.666
.249
.214
4.5." 642"
35.663
32,747
36.451
15,152
11.020
19,151
32,270
45,'642
19. 386
11.453
8.573
2.265
1,398
2,160
1.119
Fifty dollars
One hundred dollars
/
•
.
Five hundred dollars
";
,
$3,
3,
3,
3,
Redeemed.
i..
Ten dollars
Twenty d o l l a r s . . . . . . . . . . . .
Outstanding.
--
$237, 395. 00
153, 585.00
116, 437. 00
107, 356. 00^
1871
1872
1873
1874 •
1875
1876
1877
1878
1879
1880
a;881
1882
3.883
1884
1885
1886
1887
1888
11, 074, 435. 00
6,491,765.00 "4,'582,'670.'60
4,116, 600. 00
2, 375,165. 00
2, 815, 300. 00
1, 301, 300. 00
1, 888, 700. 00
926, COO. 00
1, 459, 900,00
428, 800. 00
1,199, 710.00 • 260,190. 00
1,040,330.00
159, 400. 00
921,010.00
119, 300.00
824, 810. 00
96, 200.00
7.54, 510. 00
70, 300. CO
681,610.00
72, 900. 00
626, 210. 00
55, 400. 00
572, 010.00
54, 200. CO
527, 710. 00
44, 300. 00
453, 910.00
73, 800. 00
426, 310. CO
27, 600 00
402, 600.00
23,710.00
1871
1872
1873
1874
1875 ,
1876
1877
1878
1879
7,727,475.00
4, 200, 525. 00 "'3,'526," 950." 60'
2, 702, 500.00
1, 498, 02.5. CO
1, 817, 500. 00
88.5, 000. 00
1,155, 000. 00
662, 500. 00
980, 000. 00
175, 000. 00
872, 000. 00
108, 000. CO
• 705, 000.00
167, 000. 00
618, 500.00
86, 500. 00
5.732
3.934
3.304
2.954
.479
.310
.235
.219
•
•;
27." 491
21. 451
14. 903
12, 380
6,733
3,699
2.163
1.431
.877.
.770
.819
.789
.691
.646
.375
.280
.261
49
TREASURER.
No.
2 0 . — U N I T E D STATES
N O T E S OUTSTANDING AND R E D E E M E D AND P E R C E N T A G E
OF REDEMPTIONS, ETC.—Continued.
N E W ISSUE—Continued.
Percentage redeemed.
Fiscal
year.
Denomination.
Outstanding.
Redeemed.
Of outstanding
previous
year.
Of outstanding
first v e a r .
F i v e h u n d r e d dollars
1880
1881
1882
1883
1884
1885
1886.
1887
1888
$506, 000. 00
474, 500. 00
420, 000. CO
398, 000. 00
377, 000. 00
359, 000. 00
260, 500. 00
243, 000, 00
232,000.00
$112, 500. 00
31,500.00
54, 500. CO
22, 000. 00
21,000,00
18, 000, 00
98, 500, 00
17, 500.00
11,000,00
18,189
6. 225
11.486
5, 238
6.276
4.775
27,437
6.718
4. 527
1.456
.408
.705
.285
.272
.233
1.276
.226
.142
One t h o u s a n d d o l l a r s
3871
1872
1873
1874
3875
1876
1877
1878
1879
1880
3881
1882.
1883
3884
1885
1886
1887
1888
9, 084, 300. 00
4, 853, 300. 00
3, 217, 000. CO
2,243,000.00
1. 369, 000, 00
1,192,500,00
1,110,500.00
898, 500. CO
812, 500. 00
669, 500. 00
626, 500. 00
544, 500. 00
611, 500, 00
490, 500, 00
468, 500, 00
236, 500. CO
215, 500. 00
206, 000. 00
4,231,000.00
1, 636, 300. 00
974, 000. 00
874, 000. 00
176, 500. 00
82, 000, 00
212, 000. 00
86, 000. 00
143, 000. 00
43,000.00
82, 000. 00
33, OOO, 00
2.1, OOO, 00
22, 000. 00
232, 000. 00
21, 000. 00
9, 500. 00
46. 576
33,715
30.277
38. 966
12. 893
6.876
19.,090
9.572
17.600
6.423
13. 088
6.061
4.106
4.485/
49. 520
8.879
4.408
46. 576
18.012
10. 722
9.621
1.943
^ . . 903
2.334
.947
1.574
.473
.903
.363
.231
.242
2.554
.231
. 104
$3, 524, 345. 90
1, 673, 539. 50
725, 889. 40
321,442.30
180, 009. 20
112,110.40
74, 980. 60
47, 540, 00
36, 852. 00
21, 602. 80
21, 750. 20
19, 976. 25
49, 203
• 45,995
, 36.941
25, 941
19, 616
35.398
11.986
8.635
7.326
4. 634
4.892
4. 724.
49. 203
23. 364
10, 134
4,488
2.513
1.565
1.047
.664
.53.4
.302
.304
.279
ISSUE OF 1869.
O n e dollar
T wo dollara
'
r
.,
I
F i v e dollars
H. Exo 2
4
1876
1877
1878
1879
1880
1881
1882
1883
1884
3885
3886
1887
1888
$7,162, 885. 05
3, 038. 539.15
1, 964, 999. 65
1,239,110,25
917, 667, 95
737, 658.75
625, 548, 35
550, 567, 75
503, 027. 76
466,175. 76
444, 572. 95
422,822.75
402, 846. 50
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
10, 403, 831. 20
5, 585,3.42. 60 ""4,'8i8,*688."60"
3, 014, 524. 60
2, 570, 618. 00
1,744,799.00
1, 269, 72.5. 60
1,180, 027. 80
564, 771.20
878, 373. 00
303,654.80
700, 345. 40
178, 027. 60
589, 084. 40
111, 261. 00
521, 752. 40
67, 332. 00
471,111.40
50, 641. 00
441, 227. 60
29, 883. 80
410, 576. 40
30, 651.20
385, 794. 00
24, 782. 40
46.'3i6' ' " " " " 4 6 , ' 3 i 6
46. 026
24. 708
42.120
12.204
32. 369
5.428
26. 563
2,898
20.268
1.711
15. 887
1.069
11.430
.647
9.706
. .487
6. 343
-.287
6.947
.295
6.036
.238
1876
1877
1878
1879
1880
1881 «
1882
1883
1884
29, 769, 073. 75
22,331,353.25 "'7,'637,'720."50'
16, 848, 338. 75
5, 283, 03.4, 50
12, 753, 334. 754, 095, 004. 00
10, 582, 914,25
2,170, 420.60
8, 558, 595. 25
2, 024, 319, 00
6, 270, 991, 25
2, 287, 604. 00
4, 275, 348, 75
1, 995, 642.50
2, 899, 728. 75
1, 375, 620. CO
25.'657' " " " ' " 2 5 . " 657
23.871
17. 747
24.305
13. 766
17. 018
7.291
19.128
6.800
26. 729
7.684
31. 823
6, 704
32.176
4.621
'50
No.
R E P O R T ON T H E
20.—UNITED STATES NOTES
FINANCES.
OUTSTANDIXG AND R E D E E M E D AND
PERCENTAGE
OF REDEMPTIO.NTS, ETC.—Continued.
ISSUE OF 1869-Contiuued,
Percentage redeemed.
Fiscal
year.
Denomination.
3885
1886
. 3887
1888
F i v e doUars
T.JL.eKJLI.
n VlV/ii.CVA.
dollarsK 3 . . .
. . . . . . . . . . . . .
. . . . . . . . . .
T w e n t y dollars
'
F i f t y dollars
^
O
n e h u n d r e d dollara .
\ ^ l ± \ J i.t U . 1 J \ A 1 . V V ^ \A\H±CVX. O . . . . . m m
F i v e h u n d r e d dollars
-
. . . . . . . . . .
Outstnnding,
$2,011,641.25
1, 581,5f.i0. 75
3,281,74.3.25
1. 052, 202. 50
Pk-edeemed.
$88^, 087. 50
430, 080. 50
299, 817. 50
229, 540. 75
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
45, 093, 373. 00
37,231,848.00 ""7," 861." 52.5." 00
30, 524, 324. 00
6, 707, 5-24. 00
27, 167, 585. 00
3, 356, 739. 00
24-, 187, 000. 00
2, 980, 585. 00
2J3, SCR, 406. 00
3, 818, 594. 00
15. 997, 296. CO
4, 373, 110. 00
11, 9-28,166. 00
4, 069,130. 00
8, 479, 866. 00
3, 448, 300. 00
6, 605, 001. 00
1, 874, 865. 00
5, 383, 696. 00
1,421,306.00
4,007,200.00
1,176, 495. 00 ^
1877
1878
1879
1880
3881
1882
1883
3884
1885
1886
1887
1888
41, 973, 350. 00
3.5, .50.5, 818.00 """6,467." 50 2.'66
29, 386, 350. 00
6,119, 498. 00
26, 388,106. OG
2, 998, 244. 00
23, 838, 002. 00
2,5.50,304.00
20, 612, 668. 00
3, 225, 334. 00
16, 839,166. 00
3, 773, 502. 00
13, 066, 686. 00
3, 772, 480. 00
9, 666, 996. 00
3, 399. 690. 00
7, 798, 078. CO
1,868, 918. CO
6, 301, 534, 00
3,496,544.00
4, 959, 530. 00
1, 342, 004. 00
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
17, 552, 360. 00
13,3.57,365,00 '"4,'395,"385.'66'
7.088,885.00
6,068, 280. 00
5, 239, 890. CO
1, 848, 995. 00
4,456, 820, 00
783, 070. 00
3, 885, 950, 00
570, 870. 00
3, 365, 3.55. 00
520, 595. 00
2, 789, 505. 00
575, 850. 00
2,251,35.5.00
538, 350. 00
1, 769, 980. 00
491,375.00
1,472,540.00
287, 440. 00
1, 245, 675. 00
226, 86.5. 00
1, 072, 975. 00
172, 700.00
1876
1877
1878
3879
1880
1881
1882
1883
1884
1885
1886
1887
1888-
20,388,440.00
16. 246, 760. 00 '"4," iii," 680.'66
13, 429, 460. 00
2, 817, 300. 00
10, 789, 870. 00
2, 639, 590. 00
9, 494, 420. 00
1,295,450.00
8, 424, 850. 00
1, 069, 570. 00
7, 504, 050. 00
920, 800. 00
6, 402, 050. 00
1,102, 000. 00
5,1.58, 750. 00
1, 243, 300. 00
3, 861, 350. 00
1, 297, 400. 00
3, 204, 750. 00
656, 600. 00
2, 710, 500. 00
494, 250. 00
2, 306, 000. 00
404, 500. 00
1876
3877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1, 402, 500. 00
957, COO, 00
764, .500.00
640, 500. 00
548, 500. 00
447, 000. 00
403, 500. 00
364, 000, 00
332, COO. 00
315,500,00
278, 000, 00
263, 000, 00
257, 500. 00
Ofoutstandinir
previous
year.
Of outstanding
first year-.
30,627
21.380
18,957
17. 9u8
2. 983
1.445
1.007
.771
i7."434'
18. 016
10. 997
10,971
15.788
21. 460
25. 436
28, 909
22.110
21, 519
22,696
3 7." 434
3.4.875
7. 444
6. 610
. 8.468
9.693
9.024
7.647
4.168
3.152
2.609
"*""3*5,'469"
17, 235
10. 203
9,664
3 3 . 530
18. 307
22, 403
26.018
39.333
19, 191
21. 296
3 5." 469
14. 579
7.143
6,076
7,684
8.990
8, 988
8,300
4,453
3.565
3.197
25." 646" " " " 2 5 , " 6 4 6
46.121
34, 572
26. 083
10,534
14. 944
4,461
12. 809
3, 252
13. 397
2.966
17. I l l
3 280
39.299
3.067
21.819
2.798
16. 332
1.638
15.406
1, 293
13. 864
.984
26."334" '
17. 341
19.655
12. 006
• 11.265
10.930
14. 685
19.420
25.150
17. 004
15. 422
• 14. 923
445," 566.'66" '"•"si.'765*
] 92, 500.00
20.335
124, 000. CO
16. 220
92, 000. 00
14. 364
101,.500.00
18.505
43, 500. 00
9. 732
39, 500, 00
9.789
32, 000. 00
8. 791
16, 500. 00
4.970
37, 500. 00
11. 886
15, 000. 00
5. 396
5, 500. 00
2.091
26.'3i4
13. 813
12.947
• 6.354
6,246
4.536
5. 405
6.098
6.363
3. 220
2. 424
1.984
3i.'765
13. 725
8.841
6.560
7.237
3.102
2.816
2. 282
1.176
2.674
1. 070
.392
51
TREASURER.
iNo.
2 0 . — U N I T E D STATES N O T E S OUTSTANDING AND R E D E E M E D
AND P E R C E N T A G E
OF REDEMPTIONS; ETC.—Continued.
ISSUE OF 1869—Continued.
Percentage redeemed.
Fiscal
year.
Denomination. •
Outstanding.
.1877
$33, 475, 000. 00
1878
29,721,000.00
1879
27, 951, 000. 00
1880
13,672,000.00
1881
7, 610, 000. 00
1882
6, 824, 000. 00
1883
5,371,000.00
3884 ,
3, 856, 000. 00
1885
. 2, 595, 000. lO
3886
1. 983, 000. 00
1887
1, 462, 000 00
1888
i, 326, 000. 00
One thousand dollars
Redeemed.
Of outstanding
previous
year.
Of outstanding
first y^ear.
$2,754,666.66
1, 770, 000. 00
16, 279, 000. 00
4, 062, 000. 00
786, 000. 00
1, 453, 000. 00
1,516,000.00
1, 261, 000, 00
612, 000, no
521, 000. CO
136, 000, 00
11.214
6, 955
58, 241
34. 801
10. 329
21. 292
28, 207
32. 702
23, 584
26. 273
9,302
11. 214
5. 288
48. 630
12.134
2. 348
4.341
4. .526
3.767
1.828
1.556
.406
$1,605,150.20
625, 757. 20
260, 307. 00
128,366.00
67,125. 60
37, 270. 00
25, 702. 50
14, 392. 00
13,102. 30
18, 560. 60
54. 521
46. 735
37. 761
28. 874
21. 261
14.992
12.163
7.753
7.652
11. 738
54. 521
21, 255
9.147
4.353
2.280
1.266
.878
.489
.445
.630
56.'649"
53.897
49.446
44.179
36. 889
28. 614
20.531
17.337
10.930
10,729
12, 806
56."649
26. 922
11.387
6.143
2.397
1.174
.601
. .403
.210
.184
.196
ISSUE OF 1874.
"One dollar
•
'
•
' T w o dollars
.'
(Fifty d o l l a r s /
'.
(
F i v e h u n d r e d dollars
^>
'
1878
1879
1880
38811882
1883
1884
1885
1886
3887
1888
$2, 944, 099. 40
1, 338, 949. 20
713,192.00
443, 885. 00
315, 719. 00
248, 593. 40
•^11,323.40
185, 620. 90
171, 228. 90
158,126. 60
139, 566. 00
1877'
1878
1879
3880
1881
1882
1883
1884
1885
1886
1887
1888
8, 037, 865. 00
4, 014,983. 60 "'4,'622,"88i.'46"
1, 851, 02.5. 80
2,163, 967. 8(f
935, 767. 00
916, 258. 80
522, 351. 00
413,416.00
329, 659. 00
192, 692. 00
235, 332. 00
94, 327.00
. 187,016.00
48, 316, 00
. 154, 693. 00
32, 423. 00
137, 606. 20
16, 896. 80
122, 922. 60
14, 773. 60
107.181.00
15, 741. 60
1878
1879
1880
1881
3882
1883
1884
1885
1886
1887
1888
16 477 900. CO
14, 615, 040. CO '""i,"862,'866."66"
13. 586, 355. 00
1, 028, 685. 00
12, 347, 585. 00
1, 238, 770. 00
11, 017, 940. 00
1, 329, 645. 00
9,110, 240. 00
1, 907, 700. 00
7,114,490.00
1, 995, 760. 00
5, 2.>^3,215. 00
1. 821, 275, 00
4, 510, 370. 00
• 783, 045, CO
3, 696, 025. 00
814,345.00
2, 980,750. 00
715,275.00
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
20, 233, 500. 00
17, 483, 500. 00 "'2,'856,"o66."66'
14, 084, 500. 00
3, 398, 000. 00
13, 032, 000. 00
1, 053, 500. 00
6, 706, 000, 00
6, 326, 000, 00
4, 656, 500. 00
2,149, 500, 00
4, 077, 000. 00
479, 500. 00
3, 409, 500. 00
667, 500. 00
2, 608, 000. 00
801, 500. CO
1, 778, 500. 00
829, 500. 00
1,164, 500. 00
61.4, 000. 00
^ 633, 500. 00
' 531,000.00
500. 000. 00
133, 500. 00
•
* ii.'365
7.039
9.118
10. 768
• 17.314
21.907
25. 600
14. 793
18. 051
19. 353
.
i4".'686"
19. 435
7.480
48. 642
32, 053
10. 500
16. 372
23. 508
31.806
34.523
45. 599
21.073
ii.'365
6. 243
7.612
8.069
11. 577
12,132
11. 053
4,762
4.941
4.341
.
i4,'686
16, 794
5. 207
31. 265
10. 623
2, 370
3.299
3.961
4.300
3, 035
2. 624
.660
52
R E P O R T ON T H E FINANCES.
No. 20.—UNITED
STATES N O T E S - O U T S T A N D I N G AND R E D E E M E D A N D P E R C E N T A G E
OF R E D E M P T I O N S , ETC.—Continued.
ISSUE OF 1875.
Percentage) redeemed.
Fiscal
year.
Denomination.
One dollar.:
T w o dollars
1879
3880
1881
1882
1883
1884
3885
3886
3887
1888
-
i
F i v e dollars
T e n dollars
T w e n t y dollars
', •
.Fifty dollars
=
Outstanding.
Redeemed.
Of outstanding
previous
year.
Of outstanding
first y e a r .
\
.
$9, 251, 766. 20
5, 377, 945.80 "$3," 873," 820." 46'
2, 807, 348. 20
2, 570, 597, 60
1, 395, 861. 60
1,411,496. 60
781, 712. 80
014,138.-80
. 528, 070. 80
253, 642. 00
397, 342. 80
130, 728. CO , •
339,157. 70
58,185.10
294,124. 20
45, 033. 50
255, 935.00
38, 389. 20
4i.'87i"
47, 799
50.279
43, 997
32.447
24,756
14. 644
13.278
12. 984
4i."87i
27.785'
15. 257
6.638
2. 742
1.413^
.629
.486
.413-
32." 335'
41. 989
60. 738
49.160
39.002
33. 630
21. 981
23. 672
17.743
32."335>
28.412
19. 916
9.506^
3.834
2. 017
.875
.735'
.422
3879
1880
1881
1882
1883
1884
1885
1886.
3887
1888
12,
8,
4,
2,
1,
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888>
31, 839i 517. 00
27,194, 810. 00 '"4,'644,'767.'66' " " " i 4 . " . 5 8 8 '
22, 434, 069, CO • 4,760,741.00
17. 506
16,198, 976. 00
6, 235, 093. 00
27. 793
10, 276, 353. 60
6, 922, 622. 50
36. 562
6,181, 848. 50
4, 094, 505. 00
39, 844
3, 691, 218. 50
2, 490, 630. 00
40, 289
2, 558, 343. 50
1,132, 875. CO
30.691
1, 863, 876. 00
694, 467. 50
27.145
1,409,355.00
454, 521.00
24. 386
19. 583
, 18.595
12, 86^
7. 822
3.558
2.181
1.42S-
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
19, 051, 816. CO ..
17, 434, 050. 00 "'i,'6i7,"766.'66' •
15, 717, 291. CO
1, 716, 759. 00
13,137, 964. CO
2, 579, 327.00
9, 958, 559. 00
3,179, 405.00
7, 028, 799. 00
2, 929, 760, 00
4, 637, 419. 00
2, 391, 380, 00
3,363,158.00
1, 276, 261, 00
2, 431, 072. 00
930, 086, CO
1, 744, 830. 00
686, 242. 00
8,'49i
9:011
13, 538
16, 688
15. 378^
. 12.552
'
6:698
4, 882'
3. 602'
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
20,122, 240. 00
18, 694, 202. 00 ""°i,"428,"638."66"
17, 248, 292. CO
1, 445, 910. CO
15, 09,1, 064. 00
2,157, 228. 00
12, 323, 854. 00
2, 767, 210. 00
9, 405, 574. CO
2, 918, 280. 00
6, 788, 874. 00
2,636,700.00
5, 365,170. 00
1,433, 704. CO
4,172, 808 00
1,182, 362. 00
3,145, 280. 00
1,027,528.00
1878
3 879
1880
1881
1882
1883
1884
1885
1886
1887
1888
235, 861. 80
279, 342. 20 "'3,"966,'5i9.'66'
802, 927. 80
3,476,414.40
366, 030. 40
2, 436, 897. 40
202, 899. 40
1,163,331.00
733,743.40
469,356, 00
486, 987. 40
246, 756, 00
379,944. 20
107, 043. 20
290, 004. 60
89, 939. 60
238, 550. 00
• 51, 454. 60
1, 923,100. 00
1, 824, 550. 00
1, 705, 750. CO
1, 571, 705. 00
1,402,820.00
1,155, 220. 00
883, 420. 00
622, 570. 00
515, 020. 00
401, 775. 00
301, COO. 00
,
98,'550.'66 '
318, 800. 00
134, 045. 00
168, 885.00
247, 600. 00
271, 800,00
260, 850. 00
107, 550.00
113, 245.00
100, 775. 00
8.'49i'
9. 847
" 16.411
24.200
29. 420
34. 023
27. 521
27. 672
28. 228
ii'sss14. 952'
7."697" '"'"'"'7.'69T
7. 735
7.186
12. 507
10. 721
1 8 337
13. 75223.680
- 14.503-.
27, 821
13. 004
21,118
7.125
22. 079
5.876>
24, 624
5.106
5,'i25' ' " " " " " 5 . " 125
6, 511
6.178
7.858
6. 97010. 745
8. 782.
17. 650
12. 875
23.52814.135
29.527
13. 564
. 17.275
5. 593
21.988
5. 88S"
25. 082
5.240'
53
TREASURER.
No.
2 0 . — U N I T E D NSTATES N O T E S
OUTSTANDING AJ^D- R E D E E M E D AND
PERCENTAGE
OF R E D E M P T I O N S , ETC.—Continued.
ISSUE OF 1875—Continued.
Percentage redeemed.
Denomination.
One h u n d r e d d o l l a r s
•Five h u n d r e d dollars
-
^
Fiscal
year.
Outstanding.
Redeemed.
1878
1879
1880
3 881
1882
1883
1884
1885
1886
1887
1888
$.14, 561, 200. 00
13,166, 000, 00
32,490,820.00
11,486,730.00
10, 445, 050, 00
8, 974, 450, 00
7,199, 2.50. 00
5,413,650.00
4, 333,150. 00
3, 598, 860. 00
2, 954, 600. 00
$3, 395, 200. 00
675,130. 00
1, 004, 090. 00
1, 041, 680. 00
1, 470, 600. 00
1, 775, 200. 00
1, 787, 600. 00
1, 078, 500. 00
734, 290. 00
644, 260. 00
. 5.128
9.582
8.039
9,069
14, 079
19. 781
24,830
19. 929
16. 946
17. 902
9,582
4.637
6, 89,6
7.164
10. 099
12.191
12.276
7.407
5,043
4.424
1879
1880
1881
1882
3 883
1884
1885
1886
1887
1888
18, 278, 500. 00
9, 299, 500. 00
6, 463, 500. 00
5, 878, 500. 00
5, 098, 500. 00
4, 020, 500. 00
• 3, 050, 000. 00
2, 305, 000, 00 •
1, 608, 000. 00
1,429, OuO. 00
8, 979, 000. CO
2, 836, 000. 00
585, 000. CO
780, 000. 00
1, 078, 000, 00
970, 500. 00
745, 000. 00
697, 000, 00
179, 000, 00
49,123
30,496
9,051
13. 269
21.143
24,139
24. 426
30, 239
31.132
49,123
15,615
3, 200
4, 267
6, 898
5,310
4,076
3.813
.979
Of outstanding
previous
year;
Of o u t standing
first y e a r ;
ISSUE OF 1878.
«One d o l l a r . .
^.
T w o dollars
/
>
•Five dollars
T e n dollars
3880
1881
1882
1883
1884
1885
1886
• 1887
1888
$9, 765, 669. 70
6,026,614.20
'2,696,373.80
1,176, 203. 70
620, 582. 70
374, 766. 20
281, 825. 70
216, 925. 70
182,104. 00
.$3,739,055.50
3, 330, 440. 40
1,519,970.10
555, 621. 00
245, 816.50
92, 940. 50
64, 900, 00
34, 821.70
38, 288
55, 262
56, 375
47. 239
39. 611
24. 800
23. 028
16.052
38. 288
34.104
15, 564
5, 690
2.517
.952
.665
.357
1880
1883
1882
1883
1884
1885
1886
1887
1888
8, 832, 776. 80
6, 403, 528. 80
3, 005, 387,20
1, 202, 723. 20
672, 321. 20
311, 446.20
218, 8.54. 20
361,746.00
132. 476.00
2, 429, 248. 00
3, 398,141.60
1,802, 664,00
630, 402, 00
260, 875, CO
92, 592, 00
57.108. 20
29, 270.00
27. 503
53. 067
59. 981
52. 415
45. 582
29, 730
26, 094
18, 096
27.503
38.472
20.4097.137
2.953
1. 048
.647
.331
1881
1882
1883
1884
1885
1886
1887
1888
"26,l23/78ir00"
18, 942, 519. 00
11, 950,786...50
6, 946, 086. .50
3, 929, 959. 00
2, 598, 775. 00
1, 818; 871. 00
1, 344, 040. 00
6,381,262,00
6, 991, 732. 60
6, 004. 700. 00
3,016,127.50
1, 331.184. 00
779, 904.00
474, 831. 00
25,199
36. 910
41.878
43.422
S3.873
30. 010
26.106
25.199
.27. 609
19.763
11.910
5.257
3. 080
1.875
24,774, 045. 00
22, 996, 325. 00
19, 659, 370. 00
15, 086, 325. 00
10, 656, 495. 00
6, 993, 975.00
5,021,883.00
3, 581, 798. 00
2, 559, 610. 00
1, 777, 720. 00
3,336,955.00
4, 573, 045. 00
4, 429, 830. 00
3, 662, 520.00
1, 972, 092, 00
1,440,085.00
1,022,188.00
7.176
14.511
23.261
29. c 63
34.369
- 28.197
28. 676
28. 538
7.176
13.470
18.459
17. 881
14.784
7.960
5.813
4.126
1880
1881
1882
1883
3884
1885
3886
1887
1888 .
,#
54
R E P O R T ON T H E FINANCES.
No. 2 0 . — U N I T E D STATES N O T E S OUTSTANDING AND R E D E E M E D AND PERCENTAGE;.
OF R E D E M P T I O N S , E T C — C o n t i n u e d .
ISSUE OF 1878~Continued.
Percentage redeemed.
Denomination.
T w e n t y dollars
F i f t y dollars
One h u n d r e d dollars
F i v e t h o u s a n d dollars
Fiscal
year.
Outstanding.
1882
3883
3884
1885
3886
3887
1888
* $28, 212, 038.00
23, 365, 368. 00
17, 868, 8U8, 00
12, 776, 798 00
9, 992, 328.00
7,610,392,00
5, 554, 920. 00
$4, 846, 670. 00
5,496,560.00
5,092,010.00
2, 784, 470. 00
2, 382,136. CO
2, 055, 272. 00
17.179
23.524
28.497
21.793
23.840
27.007
17. no^19.483
18.049
9. 870>
8.444
7.285
7, 924, 215, 00
6, 334, 21.5, 00
4, 772, 765. 00
4, 030, 720, 00
3,3 65,230,00
2, 422, 400, 00
1, 610, OCO. 00
1, 541, 450. 00
742,045.00
865, 490. 00
742,830.00
20. 317
24.412
15.547,,
21.472
23. 468
20.317
19. 452!
9.36410, 922
9,374
3883
1884
1885
1886
1887
1888
15,948,280.00
13, 289, 980. 00
10, 378, 380. 00
7, 664, 990. 00
6, 293, 730, 00
5,038,1)00,00
2, 6.58, 300. 00
2,911,600.00
2, 713, 390. OO
1, 371, 260. 00
1, 274, 830. 00
16. 668
21. 908
26,146
17, 890
20. 256
16. 668-^
18. 257
17. 014
8. 5987.994
1884
1885
1886
1887
1888
9, 576, 500, 00
8, 707, 500. 00
5, 925, 000. CO
3, 320, 000. CO
2, 663, 500. 00
8G9, 000. 00'
2, 782, 500. CO
2, 605, 000. 00
656, 500. 00
9.074
31. 955
43. 966
19. 774
9.074
29. 056^
27.202
6.855
1884
1885
1886
3887
1888
34, 688, 000. 00
13, 691, 000. 00
9, 056, 000, 00
4, 379, 000, 00
3, 692, 000. 00
997, 000. 00
4, 63.5, 000. 00
4, 677, 000. 00
687, 000. 00
6, 788
33, 854
51, 645
15, 689
6.788
31. 656.
31. 842
4. 677
1883
1884
1885
1886
1887
1888
315, 000. 00
130, 000. 00
100, 000. 00
60, 000, 00
45, 000. 00
35. 000. 00
185,000.00
30,000.00
40, 000. 00
15, 000. 00
10, 000. 00
58. 730
23, 077
40, 000
25:000
22, 222
68. 730
9.524
12. 6984,762
3.175
1883
1884
1885
1886
1887
1888
160,
60,
40,
10,
10,
10,
100,000.00
20, 000. 00
30, 000. 00
62, 500
33, 333
75, 000
62. 56612. .50018, 750^-
1883
3884
1885
1886 '
1887
1888
000, 00
000. 00
000. 00
000. 00
CCO. 00.
000. 00
Redeemed.
Of outstanding
previous
year.
Of outstanding
first y e a r .
•
9-
55
TREASURER.
No. 21.-
-UNITED
Fiscal
year.
STATES C U R R E N C Y OF EACPI ISSUE OUTSTANDING
OF EACH FISCAL YEAR FROM 1 8 6 2 TO 1 8 8 8 .
Old d e m a n d
notes.
United States
notes.
Ono a n d t w o
year notes.
Compoundinterest
notes.
1862
$51, 305, 235. 00- $96, 620, 000, 00
1863..
3, 384, 000.00 387, 646, 589. 00
1864
789, 037. 50 447, 300, 203.10 $i72, 620, 550.66 $6, 060, 000. 00
1865
472, 603. 50 431, 066, 427. 99
50, 625,370. 00 191,721,470.00
1866
272,362.75 400, 780, 305. 85
8, 439, 540. .50 172, 369, 941, 00
1867
208, 432. 50 371, 783, 59.7. 00
1, 325, 889. 50 134, 774, 981, 00
1868
143, 912, 00 356, 000,000. 00
71.6, 212. 00 54, 608, 2f§0. 00
1869
123,739, 25 356, 000, 000. 00
347, 772.00
3,063,410,00
1870
106, 256. 00 356, 000, 000. 00
2.53, 9.52. OO 2,191,670,00
1871..:...
96, 505. 50 356, 000, 000. 00
205, 992. 00
814,280.00
1872
378,222.00
623, 010. 00
88, 296, 25 357, 500, 000. 00
1873
79, 967. 50 3.56, 000, 000. 00
148,155. CO
499, 780, 00
1874
76, 732, 50 381, 999, 073. 00
429, 080, 00
330,805.00
1875
70,107, 50 .375.771,580.00
371,470.00
114.17.5.00
1876
66, 917. 50 369, 772,284. 00
331,260,00
105,405.00
1877......
300, 260. 00
63, 962, 50 359, 764, 332. CO
96, 285. 00
1878
274, 780. CO
62, 297. 50 346, 681, 016. 00
90, 475, 00
1879
260, 650, 00
61,470.00 346, 6«1,016.00
86,845,00
1880
243,310,00
60, 075.00 346,681,016.00
82, 815, 00
1881
235, 280, 00
60, 535. 00 346,681,016.00
80. 715. 00
1882
223, 560. CO
59, 695.00 346,681,016.00
77,125. 00
1883.
214, 770. 00
58, 985.00 346,681,016,00
71, 915. 00
1884
211, 790, 00
58, 440, CO 346, 681, 016,00
71,335.00
1885
204, 970. 00
68, 58.5, 00
57, 950.00 346,681,016.00
1886
199, 660, 00
66, 755, 00
57, 445,00 346,681.016,00
193, 310, 00
65. 645. 00
1887......
57,130, 00 346,681,016.00
189, 860. 00
63, 845, CO
56, 807. 50 346, 681, 016, 00
1888
AT T H E CLOSE
Fractional
currency.
Total.
$147, 725, 235.00
$26,3 92,'456.66 411,223 046. 00
22, 324, 283.10 649, 094, 073. 70
25, 033,128, 76 698,918,800.25
27, 003, 875. 36 608, 870, 825.46
28, 474, 623. 02 536, 567, 523.02
32, 727, 908. 47 444,196, 262. 47
32,114,637.36 391, 649, 558.61
39, 878, 684.48 398, 430, 562.48
40, 582, 874. 56 397, 699, 652. 06
40, 85.5, 835. 27 399, 24.5, 363. 52
44, 799, 365, 44 401,527,267.94
45, 912, COS, 34 428, 547, 693, 84
42,129,424,39 418, 456, 756.69
34, 446, 595, 39 404, 722, 461, 89
20. 403,137. 34 380,627,976,84
16, 547, 768. 77 363, 656, 337. 27
15, 842, 610.11 362, 932, 59L 11
15, 590, 892.70 362, 659, 008, 70
15, 481, 891. 65 362, 539, 437.65
1.5,423,186.10 362, 464, 582.10
15,376, 629.14 362, 403, 315. 34
15, 355, 999. 64 362, 378, 580. 64
15, 340,114. 21 362, 352, 635. 21
15, 330, 025. 85 362, 334, 90L 85
15, 322, 902. 70 362, 320, COS, 70
15, 298, 582.15 362, 290,110. 65
NOTE.—The difierence between this and other statements ofthe Treasurer's reports ahd the publicdebt statements in the amounts of one aud two year notes and compound-interest notes outstanding
is due to the fact that the Treasurer's statements are compiled from the reports of destructions, while
tho debt statements are rnade up from tho reports of rederaptions, and the method of settling the
accounts of these interest-bearing notes does not permit their destruction until some time after the
redemption. The following will explain the differences on J u n e 30, 1888:
One and two Compound-inyear notes. terest notes.
On hand undestroyed at beginning of the fiscal year . . .
Redemptions during the fisoal year
".
Total
'.
Destroyed during the fiscal year :
Account of redemptions daring the fiscal year 1887
Account of redemptions during the fiscal year 1888
On hand undestroyed July 1, 1888
.'
Total
$50
1,770
$330
3,350
1,820
3, 680
50
1,750
20
330
3,120
230
3,680
56
R E P O R T ON T H E FINANCES.
No. 2 2 . — S I L V E R C E R T I F I C A T E S I S S U E D , R E D E E M E D , AND OUTSTANDING, B Y S E R I E S
AND DENOMINATIONS.
Issued.
Redeemed.
Series a n d d e n o m i n a t i o n .
D u r i n g fiscal y e a r .
T o J u n e SO,
1888.
D u r i n g fiscal year.
T o J u n e 30,
1888.
Outstanding J u n e
30, 1888.
^ m e s 0/1878.
T e n dollars
T w e n t y dollars
F i f t y dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
One t h o u s a n d dollars
..
Total
$2,274,000
2, 746, 000
3, 250, 000
3, 540, 000
4,650,000
14, 490, 000
$52,326. 00
111,744.00
109, 075. 00
98, 830. CO
24. 500. 00
35, COO. 00
$2,193, 670
2, 528, 520
2, 964, 050
3, 272, 600
4, 582, 500
14, 389. 000
$80,330
217, 480
285,950
267, 400
67, 600
101, COO
30, 950, 000
431, 475. 00
29, 930, 340
1, 019, 660
9, 639, 359. 00
6, 757,112. 00
695, 425. 00
561,300.00
164,000. 00
164, 000. 00
45, 472, 920
37, 217, 320
4, 694, 350
7,814,100
8, 587, 000
8, 779, 000
40, 527, 080
43, 542, 680
4„ 106, 650
2, 785, 900
413 000
221 000
204,160,000 17, 981,196. 00
112, 564, 690
91, 59.5, 310
Series of 1880.
Ten dollars.:
T w e n t y dollars
Fifty dollars
One h u n d r e d d o l l a r s
F i v e hundred dollars
One t h o u s a n d dollars
86,
80,
8,
10,
9,
9,
Total...
000,
760,
800,
600,
000,
000,
000
000
000
000
000
000
Series of 188Q.
One dollar
.
l^wo d o l l a r s
F i v e dollars
T e n dollars
T w e n t y dollars
$14,172, 000
10, 424, 000
44, 700, 000
36, 520, 000
80, 000
Total
A<''^re£rate
No. 23.- -GoLD
......
28,328,000
39,400.000
52, 460, 000
40, 520, 000
80, 000
1,419,892.10
732, 758. 40
818,381.50
563, 675. 00
1,596,396
802, 762
860,140
661, 900
2Q 731 604
18,' 597,' 238
51, 609 860
39, 858,100
80, 000
105, 896, 000
140,788,000
3, 534,707. 00 '
3, 911,198
136, 876, 802
105, 896, 000
375, 898, 000 23 947 378 00 1 I4.fi 4nfi 9,2R
229, 491, 772
C E R T I F I C A T E S ISSUED, R E D E E M E D , AND OUTSTANDING, B Y
AND D E N O M I N A T I O N S .
' '
Issued.
SERIES
Eedeemed.
Series a n d d e n o m i n a t i o n .
During
During
fiscal y e a r . T o J u n e 30, 1888. fiscal y e a r . T o J u n e SO, 1888.
Outst.anding J u n e
30, 1888.
Act M a r c h d, 1863.
T w e n t y dollars
O n e h u n d r e d doUars
Fivehundred dollars...
One thousand dollars
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars
Account Geneva award
Total.. ..
,$960, 000. 00
20, 234. 300. 00
32, 844, 000. 00
121,881,000.00.
4.57,885,000.00^
314, 330, 000. 00
-33, 000,580.46
$20
6,300
6,000
10, 000
10, 000
10, 000
$959, 620. 00
20,185,100.00
32, 789, 000. 00
121, 687, 000. 00
457, 610, 000. 00
312,670,000.00
33,000,580.46
$380
49, 200
55, 000
194, 000
375, 000
1, 660, OCO
981,134, 880. 46
42,120
978, 801, 300.46
2, 333, 580
2,070,042
20,080,000.00
17 800, OCO. 00 2, 480, 205
2, 082, 300
20, 000, 000. 00
4, 414, 000
22, noo. 000. 00
6, 865, oop
40, 000, 000. 00
9,320,000
42, 600j 000. 00
115, 000, 000. 00 38, 350, 000
7,118, 380. 00
7, 554, 850. 00
6, 380, 200. 00
9,744, 000. 00
14, 693, 000. 00
19,010,000.00
73,190, 000. 00
A c t J u l y 12,'18S2.
Twenty dollars...... .
F i f t y dollars
O n e ' h u n d r e d dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars
$4,160, 000
4, 500, 000
: 7,800,000
4, 700, 000
14, 000, 000
20, OCO, 000
30, 000, 000
\
12, 961, 620
10,245,150
13,619,800
12, 256, COO
25, 307, 000
23, 490, 000
41, 810, 000
Total
85,160, 000
277, 380, 000. 00
64, 581, 547
137, 690, 430. 00
139, 689, 570
AfiTfirreffate
85,160, 000
1, 258, 514, 880.46
64, 623, 667
1, 116 491, 730.46
142, 023,150
57
TREASURER.
No. 24.-
- U N I T E D STATES C U R R E N C Y I S S U E D , R E D E E M E D , AND OUTSTANDING,
D E N O M I N A T I O N S , AT T H E CLOSE O F T H E FISCAL YEAR 1888.
BY
U n i t e d States notes.
Old demand notes.
Denomination.
Ifsued.
Redeemed.
Outstanding.
One dollar
T wo dollars
Five dollars
. . . .$2i, 8o6,666 $21, 777, 257. 50 $22, 742.50
Ten dollars
20, 030, 000 20, 009,155. 00 20, 845.00
Twenty dollars
18,200,000 18,186, 780. CO 13, 220. CO
Fifty dollars
One hundred dollars..
Five hundred dollars
One thousand dollars
Five thousand dollars.
Ten thousand dollars .
Unknown, destroyed
in Chicao'o fire i.....
Outstandii^g.
Redeemed.
Issued.
$183, 688,1^60 $178, 507, 927. 50 $5,180, 232.50
381,493,048 176, 514,112. 00 4, 976, 936. 00
375, 261, 760 294, 206, 887.50 83,054,872.50
354,373,240 268.106, 839. 00 86, 264, 401.00
314, 362, 400 229; 548, 476, 00 84, 813, 924. 00
115, 615, 200
93, 744, 650. 00 21, 870, 550.00
139,104, 000 107, 999, 900,00 31,104,100, 00
176, 526, 000 168, 458, 000. 00 8,068,000.00
294,128, 000 269, 825, 000.00 24, 303, 000. 00
20, 000, 000
19, 96.5, 000. 00
35,000.00
40, 000, 000
39, 990, 000. 00
10, 000. 00
1, 000, 000.00
347, 681, 016. 00
Deduct unknown destroyed
Total
1, 000, COO. 00
60, 030, 000 59,973,192.50 56, 807.60 2,194, 647, 808 1, 847, 866, 792. 00 346, 681, 016. CO
•Gold- certiflcates.
Silver c e r t i f i c a t e s .
Denominalion.
Issued.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars
O n e ' h u n d r e d dollars . .
Five hundred dollars.
O n e t h o u s a n d dollars .
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars
Account Geneva
award
Total. ^
Eedeemed,
$28, 328, 000
19, 400, 000
52, 460, 000
128, 794, 000
83, 586, 000
12, 050, 000
14,140, 000
13, 650, 000
23, 490, OOC
Outstanding,
Issued.
$1, 596,396 $26, 731, 604
802,762 18, 597, 238
850,140 51, 609, 860
48, 328, 490 80, 466, 510
39, 745, 840 43, 840,160
4, 391, 600
7, 658, 400
3, 053, 300
11, 086, 700
480, 500
13,169, 500
322, 000
23, 168, 000
Eedeeemd.
Outstanding.
$21, 040, 000.00
$8, 078, 000. 00 $12, 962, 000
7, 554, 850. 00 10, 245,150
17, 800, 000. 00
26, 565, 300. CO 13,669,000
40, 234, 300. 00
42, 533, 000. 00 12, 311, 000
54, 844, 000, 00
361„883., 000, 00 136, 380, 000. 00 25, 501, 000
500, 385, 000. CO 476, 520, 000. 00 23, 865, 000
429, 330, 000.00 385, 860, COO. CO 43, 470, 000
•^ S3, 000, 580. 46
S3, 000, 580,46
375, 898, 000 146, 406, 228 229,491,772 1, 258, 614, 880.46 1,116, 491, 730.46 142, 023,150
T w o - y e a r n o t e s of 1863.
One-year n o t e s of 3863.
Denomination.
Issued.
T e n dollars
T w e n t v dollars
Fiftydollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars
U n k n o w n destroyed
Redeemed. Outstanding,
$6, 200, 000 $6,193, 085
16, 440, 000 16, 425, 280
• 8, 240, 000 8, 233, 350
13, 640, 000 13, 633,100
90
D e d u c t u n k n o w n destroved
Total
$6,916
14, 720
6, 650
6, 900
44, 520, 000
44, 484, 905
Issued.
Redeemed, Outstanding.
$12, 705, 600 $12, 697, 450
24,164, 400 24,153, 800
40, 302, 000 40, 300, 500
89, 308, 000 89, 289, 000
10, 500
$8,150
10,600
1,600
19, 000
35,185
39, 250
90
, 10,500
35, 095
166, 480, 000 166, 451, 250
28, 750
58
R E P O R T ON T H E
FINANCES.
No. 2 4 . — U N I T E D STATES C U R R E N C Y I S S U E D , R E D E E M E D , AND OUTSTANDING, E T C . —
Continued.
Compound-interest notes.
Aggregate.
Denomination.
Issued,
O n e dollar
T w o dollars
F i v e dollars
- T e n dollars
$23, 285, 200
T w e n t y d o l l a r s . . . . . 30,125, 840
F i f t y dollars
60, 824, 000
One h u n d r e d dollars - 45, 094. 400
F i v e h u n d r e d dollars 67, 846, UOO
One th ousand dollars 39, 420. 000
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars
Account
Geneva
award
U n k n o w n , destroyed in Chicago fire.
U n k n o w n destroyed
Redeemed.
$23, 266, 366
SO, 086, 230
60, 753, 750
45, 058, 800
67, 833.-.500
39,413,000
Outstanding.
Issued.
$24, 900
39, 610
70, 250
35, 6U0
12,500
7,000
$212,016,360.00
200,891,04^.00
449, 521, 760. 00
532,680, 440. 00
483, 754, 240. 00
227, 234. 800. 00
276,377,100.00
353,168, 000. CO
608, 227, 000. 00
520,385, 000. 00
469, SSO, 000.00
33,000,580.46
Redeemed.
Outstanding.
$180,104, 323. 50 $31 911 836.50
177, 316, 874.00 23 574 174. CO
316, 834, 285. 00 132, 687, 475. 00
36.5, 897, 869. 00 166, 782. 57L 00
342, 070, 606, 00 141, 683, 634. 00
190,642,450.00 36, .592, 350. 00
228,497, 600. 00 47, 879, 500. 00
332, 294, 500,00 20, 873, 500. 00
558, 075, 000, 00 50,152, 000. 00
496, 485, 000, 00 23,900 000.00
425,850,000.00 .43, 480, 000. 00
33, 000, 580.46
3,000,000.00
10, 590. CO
719, 517, 040.50
Deduct
unknown
d e s t r o y e d ..,..
Total
.
1,010,590.00
266, 595, 440 266,405,580
189, 860 4, 366, 586,128.46 3, 648, 079, 677. 96 718, 506, 450.60
No. 2 5 . ~ A M O U N T AND PERCENTAGE OF TOTAL OUTSTANDING OF EACH DENOMINATION OF U N I T E D STATES N O T E S , GOLD C E R T I F I C A T E S , ACT OF J U L Y 12,
1882,
AND S I L V E R C E R T I F I C A T E S , AT THE CLOSE OF EACH FISCAL YEAR F R O M 1&78 TO
1888,
INCLUDING $1,000,000 O F UNKNOWN DENOMINATIONS OF U N I T E D STATES
NOTES DESTROYED.
United States notes.
Gold certiflcates.
Silver certiflcates.
Total.
Denomination.
Amount.
Pr,ct.
Amount.
Pr.ct.
Amount.
Pr.ct.
Amount.
Pr.ct.
1878.
Is
2s
5s
10s
20s
50s
100s
500s
1,0003
5 OOOs
10,000s
$20, 929, 874. 30
-.-..- 20,910,948.20
54, 669, 656. 50
65,551,644,00
62, 720, 643. CO
27,182, 680. CO
31,624,670,00
30, 878, 500. 00
33, 212, 500, CO
Total
6.02
6.01
15. 73
18. 85
18.04
7. 82
9.10
8.88
9.55
347,681,016.00 100. CO
^
$123, 220. 00
30,240.00
13, 250. CO
179, 700. CO
268, 000.00
1, 256, 000. 00
$20, 929, 874. 30
20, 910, 948, 20
54, 669, 556. 50
6.66 65, 674, 864. 00
.55 62, 730, 883. 00
.72 27,195, 930. 00
9.71 31, 804, 370. CO
14.48 31, 146, 500. 00
67.88 34,468, 500. 00
5.98
5.9915.64
18. 79
17. 95
7.78
9.10
8.91
9.80
1; 850, 430. 00 100.00 349, .531, 426. 00 100.00
1879.
Is
2s
5s
lOs
20s
50s
100s
" 500s
1 OOOs
5,000s
10,0008
.'
Total
. .
18, 209, 980. 80
18, 092; 653. 20
54,107,113.00
64, 638, 562. 00
60, 470, 887, 00
25, 523, 340, 00
32, 038, 480. 00
32, 569, 500. CO
35, 070, 500. 00
4, 000, 000. 00
2, bm, 000,00
5.21
5.20
15.56
18.59
17 39
7.34
9.22
9.37
10.09
L15
.85
347 681 016 00 100. 00
163, 830. 00 6.45
95, 420.00 .3.76
145, 000. 00 5.71
475, 700. 00 18.73
500, 000. 00 19.68
1,160, 000. 00 45,67
18,209,980.80
18,092.653.20
54,107,313.00
64, 802, 392. 00
60, 566, 307. 00
25, 668, 340. 00
32, 514i 180. 00
S3, 069, 500. 00
36, 230, 500. 00
4, 000, 000. 00
2,960,000.00
5.20
5.17
15.45
38.5.0
17.29
7.33
9.28"
9.44
10. 35
L14
.85
2, 539, 950. 00 100, 00 350, 220, 966. 00 100.00-
5^
TREASUBER.
No.
25.—AMOUNT AND PERCENTAG35 O F TOTAL OUTSTANDING O F EACH
NATION OF U N I T E D STATES N O T E S , ETC.—Continued.
United Statesnotes.
Gold certiflcates.
Silver certificates.
DENOMI-
Total.
.. D e n o m i n a t i o n .
Amount.
Pr.ct.
Amount.
Pr.ct.
Pr,ct.
Amount.
Amount.
Pr.ct.
-
1880.
Is
2s
6s
10s
20s
50s....
ICOs
500s
1,OOOs
6, OOOs
.lO,60Os
$20, 332, 332, 00
20,352,813,00
65, 432, 548. 00
74,916,751.00
72,143,207. 00
24, 808, 995. CO
32,797, 870, 00
39,224,000,00
16, 532, 500. 00
680, 000. 00
460, OOO.'OO
Total
5. 86
5.85
18.82
21 55
20.75
7.12
9,43
5,53
4.76
.20
.13
$2,147, 340, 00
1, 974, 880. 00
1, 328, 950, 00
1, 904, 600. 00
1, 229, 500, 00
3,789, 000. 00
$20, 332, 332, 00
20, 352, 813.00
65, 432, 548. 00
17.35 77,064,091.00
15.96 74,118, 087. CO
10.74 26,337,94.5.00
16.39 34, 702, 4.70. 00
9.94 20, 453, 500. CO
30.62 20, 321, 500. 00
680, COG. 00
460, 000. 00
5.65
5.6518.17
21. 40*
20. 59'
7.26
9.64
5.68
5.64
.19.13
347,681,016.00 100. 00
12, 374, 270. 00 100. 00 360^055, 286.00 100. 00
• 22, 645, 761. 60 6.51
22,244,122.40 0.40
69, 569, 078. 00 20. 00
76, 990, 387. 00 22,14
72,271, 597.00 20,79
23, 702, 910. 00 6.82
32, 947, 660. 00 9.48
14, 570, 000. 00 4.19
12, 024, 500.00 3.46
455, 000. 00
.13
26D, 000. 00
.08
22, 645, 761, 60 5.68
22, 244,122,40 5.58'
69, 569, 078, 00 17.44
97,357,417,00 24.41
90,433,697,-00 22. 67
27, 384, 510, 00 6.82
36, 976, 960,00 9.27
16, 216. 500. 00 4.07
15, 504, 500. 00 3.8945.5, 000, 00
.11
.Oft
260, 000. 00
1881.
Is
2s
5s
10s
20s
50s
lOOs
500s
1,000s
6, OOOs..10, OOOs
:
Total
20, 367, 030.00 39.81
18,162,100. 00 36.50
3,481,600.00 . 6.80
4, 029, 300. 00 7.87
1,646,500.00 3.22
3,480,000.00 6.80
347, 681, 016. 00 100. 00
51,166. 530. 00 100. CO 398, 847, 546. 00 100. 00'
7.40
7.08
19. 37
20.93
39.75
6.90
9.91
4.28
3.55
.12
.65
25, 720, 953. 60 6. 22
24, 622, 625. 40 5.9567, 342, 540. 00 16.27
44. 25 102. 030, 4.86. 00 24. 66.
37.76 93, 617, 711. 00 22. 63
4.97 27. 475, 320. 00 6.64
6.08 38, 490, 090. 00 9.30^
2.63 16, 610, 500. 00 4.01
4.31 15,187,500.00 3.67
420, 000. 00
.30.55
2, 260, 000. 00
1882.
Is
.2s...5a
10s
20s
50s
100.-i
500s
1,000s
5,0003
10,000s
Total
1883.
Is
•
2s
5s
10s
208
50s
100s....-...5C0s
1,000s
5, OOOs
10,000s
Total
26, 720, 953, 60
24, 622, 626. 40
67, 342, 540, 00
72, 784, 766. 00
68,657,471.00
24,193,770,00
34,469,390.00
14, 876, OUO. 00
12, 335, .500. 00
42-0, 000. 00
2,260, 000. 00
347,681,016.00 100. 00
27,736,456.80
25, .524, 394. 20
71,150, 085. 00
72, 732, 886. 00
62, 346, 009. 00
23, 985, 895, 00
34, 302, 390, CO
16, 098, 500, 00
14, 328, 500, 00
315, 000, 00
160,000.00
7.98
7.34
20. 46
20.92
17. 93 $9,162, 900, 00
6.90 9, 050, 800. 00
9.87 8, 704, 400. 00
4.34 8, 042. 000.00
4,12 . 12, 650, 000. 00
. . 09 6, 965, OOO. 00
.05 24, 240,000. 00
29, 24.5, 720. 00
24, 960, 240. 00
3, 283, 550. 00
4, 020, 700. 00
1,734,500.00
2, 852, 000. 00
66, 096, 710. OOIOO. 00 433,777,726.00 100. 00-
36, 887, 892. 6o
11.62 35,152, 784. 00
11.47 3, 996, 935. {»0
11.11 6, 247, 220. 00
10. 20 2, 526, 000. 00
16.04 4, 806, 000. 00
8 83
30.73
27,736.456.80
25, 524, 394, 20
71,150, 085„00
41. 63 109, 620, 778. CO
39.67 106, 662, 593. 00
4. 51 37. 033, 630. 00
5,92 .48,314,010.00
2,85 25, 666, 500. 00
5.42 31, 784, 500,00
7, 280, 000. 00
24, 400, 000. 00
5.38
4.9613.81
21.28
20. 70
7.10
9.38
4.98
6.17
1.41
4.74
347,681,016.00 100. 00 78, 875,100. 00 100. 00 88, 616, 831. 00 100. 00 515,172, 947,00 100. CO-
1881.
Is
2s
5s
10s..
208
50s
100s
500s
1,OOOs
5,000s.....
10,000s
Total
26,660,184,80 7,67
24, 897, 886, 20 7.36
75,552,915.00 21.73
69, 527, 016. 00 20.00
47, 496,71'2. 6o
58, 054, 629, 00 16.70 13, 354, 760. 00 13.94 47, 864, 524. CO
23, 208, 895. 00 6.68 9,119, 000. 00 9.52 6, 293, 635.00
33, 640, 990. 00 9.68 9,103, 700. 00 9.51 8,139, 320. 00
16, 914, 000. 00 4.86 8, 701, 500. 00 9.09 4, 377, 500. 00
19, 034, 500. 00 5,48 14. 559, 000. 00 15.20 6, 726, 000. 00
130, 000. 00
.03 10, 560, (.100. 00 1 L 0 2
60, 000. 00
.01 30, 380, 000. CO 31.72
'
•
.26, 660,184. 80 4.72'
24, 897, 886, 20 4,41
75, 552, 915. 00 13, 39
39,28 117 017 798. 00 20.74
39 59 11Q ^7?i ni ?$ no 21.135.21 38,621,530.00 6.84
6.73 50, 884, 010. 00 9 02'
3.62 29, 993, 000. 00 5,32
5.57 40, 319, 500. 00 ^ 7.14
10, 690, 000. 00 1.89'
30, 440, 000. 00 5.40
347,681,016.00100.00 95, 777, 960. 00 100.00 120, 891, 691, 00 100,00 564, 350, 667. 00 100. 00'
1
60
R E P O R T ON T H E FINANCES.
No. 25.—AMOUNT AND : PEI^CENTAGE O F TOTAL OUTSTANDING O F EACH
NATION OF U N I T E D STATES N O T E S , ETC.—Continued. •
Geld certiflcates.
United States notes.
Silver certificates.
DENOMI-
Total.
' Denominajtion.
Amount.
Amount.
Pr.ct.
Pr.ct,
Amount.
Pr.ct.
Amount.
Pr.ct.
1885.
Is
2s
5s
lOs
20s
503
100s
500s
i,000s
5 OOOs iO OOOs
$24, 952,''061. 80
• 25, 295, 069.20
75,997,805.00
64, 539, 386. CO
56,126, 509. 00
....
23, 459, 895, 00
32, 896, 790, 00
16, 557, 000,00
28, 716, 500. 00
100, 000, CO
40, 000. 00
7.18
7.28
2L87
18.56
15.86 $12, 343, 760. CO
6. 75 10,443, 800. 00
9.47 9, 527, 800. 00
4.77 14,120, 500. 00
8.26 22,120, 000. 00
14, 085, 000. 00
55,120, 000. 00
$51,747,127. 00
8,96 52, 010, 964. 00
7.58 7, 654, 03.5. 00
6.92 9, 878, 520. 00
10. 25 8, 910, 000. CO
16.06 9, 701, 000. 00
10.22
40.01
$24,952,063.80 3.99
25, 295, 069. 20 4.04
75, 997, 805. 00 12.15
36.99 116, 286, 533. 00 18.60
37.18 119. 481, 233. 00 19.11
5.47 4i; 557, 730. CO 6.65
7.06 .52, 303,110. 00 8.36
6.37 39, 587, 500. 00 6,33
6.93 60, 637, 500.00 9.68
14,185, 000. 00 - 2.27
65,160, 000. 00 8.82
347,681,016.00 100. 00 137, 760, 860. 00 100. CO 139, 901, 646. 00 300. 00 625, 343, 522. 00 100. 00
Total
1886.
Is
2s
5s
lOs
20s
50s
100s
5C0s
1,000s
5 OOOs
£0,0003
,
.
'
Total
.
17, 603, 922. 40
18, 204, 369. 60
85,629,239.00
66,658,661.00
55, 078, 379. 00
23, 291, 205. 00
31, 359, 700. 00
12, 424, 000. CO
37,361,500.00
60, 000. CO
10, 000. 00
?
5.06
5.24
24.- 63
50, 269, 387. 00
19.18
15.81 *ii,'976,'476.'6o "'9.'30 44, 967, 628. CO
6,70 9, 73.7, 955. 00 7.55 7, 384, 840. 00
9.02 8, 943, 900. 00 6.95 9, 610, 820. 00
3.58 13,370,500.00 10.38 1, 835, 000. 00
10.75 18, 278, 000. 00 14.20 1, 920, 000. 00
13, 430, 000. 00 10.43
53, 030, 000. 00 4 L 1 9
•
43.34
38.76
6.37
8.29
L58
1.66
17, 603,922.40
18, 204, 369, 60
85,629,239,00
116, 92w, 048. 00
112, 012, 477. 00
40, 394. 060. CO
49, 934, 420, 00
27,629, 500.00
57, 559, 500.'C0
13, 490, 000, 00
53,040,000.00
2, 97
3,07
14,45
19.74
18.91
6.82
8,43
4,66
9,72
2,28
8,95
347,681,016.00 100. 00 128, 746, 825. 00 100. 00 115, 977, 675. 00 100.00 592, 405, 516. Co'lOO. 00
1887.
Is
2s
5s
10s
20s..
603
lOOs
5003 : .
1,0003.
5 0003
10, OOOs
Total
8, 797, 376. 50 2.53
9, 008, 572. 00 2.59
95, 064, 850. 50 27.34
80, 371, 471. 00 23.12
63,929,361.00 18.39 10, 871, 662. CO 9.13
21, 908, 985. 00 6.30 8, 225. 355, CO 6.91
29, 643, 400. 00 8.53 7, 902,100, 00 6,63
7, 704, 500. 00 2.22 11, 970, 000,00 10. 05
31,197, 500. 00 8.98 17,172, 000, 00 14.421
12, 810, OO'O. 00 10.75
45, 000. 00
50,160, 000. 00 42.11
10, 000. 00
13, 979, 496.10
8, 905, 996. 40
7,728,241.50
54, 200, 870,00
.50, 629, 016. 00
5,196,100. CO
3. 713. 430. 00
669, 000. CO
.523.000.00
'
9.60 . 22, 776, 872. 60
6.12 17, 914, 568. 40
5.31 302,793,092.00
37.24 134, 572, 341. CO
34,79 125, 430, 039. 00
3,57 35, 330, 440. 00
2,65 41, 254,930. 00
.-46 20, 343, 500. 00
.36 48, 890, 500. 00
32,855,000.00
50,170, 000,00
3.72
2.93
16.79
21.98
20.48
5.77
6.74
3.32
7.98
2.10
8,19
347, 681, 016. CO100. 00 119, 111. 117. 00 100. 00 145, 543,150. 00 300.00 612, 333, 283. 00 100, 00
1888.
Is
2s
5s
lOs
i
20s
50s../.
lOOs
500s
1,000s
5,OOOs
ao, OOOs
Total
5,380,232.50
4, 976, 936. 00
81, 054, 872. 50
86, 264, 401. 00
84, 813, 924. CO
21,870.550.00
31.104,100.00
8, 068, 000. CO
24, 303, 000. 00
35, 000. 00
10, 000. 00
1.49
L43
23.32
24.81
24.40
6.29
8.95
2,32
6.99
32,961,620.00 9.28
10, 245,150. 00 7.33
13, 619, 800. 00 9.75
12, 256, 000. 00 8.77
25, 307, 000. 00 18.12
23,490, 000. 00 36.82
41, 810, 000. 00 29,93
26, 731, 604. 00
18, 597, 238. 00
51, 609, 860. 00
80,465,530.00
43, 840,160, 00
4, 391, 600, 00
3, 0.53, 300. 00
480, 500, 00
322, 000, 00
11.65 31,931,836.50 4.45
8.10 23, 574,174.'00 3,29
22.49 332, 664, 732. 50 18,51
3.5. 06 166, 729, 931. 00 23.26
39.10 141, 616, 704. 00 19.76
1 9 2 36,507, 300. 00 6.09
L 3 3 47, 777, 200. 00 6.66
.21 20, 804, 500.00 2.90
.14 49, 932, 000. 00 6.97
23, 525, 000. 00 3.28
43, 820, 000.00 5.83
347, 681, 016. 00 100. 00'l39, 689, 570, 00 100,00 229, 491, 772, Oo'lOO. 00 716. 862, 358. 00 100. 00
1
•
61
TREASURER.
No. 2 6 . — S E V E N - T H I R T Y N O T E S ISSUED, R E D E E M E D , AND OUTSTANDING.
Redeemed.
Total issued. Redeemed to
J u n e 30,1887. D u r i n g fiscal T o J u n e S O ,
year.
1888.
Issue.
J u l y 17, 1861
A u g u s t 15, 1864
J u n e 15, 1865
J u l y 15 1865
..1
'.
$140, 094, 750
299, 992, 500
331,000,000
199,000,000
Total . . .
970, 087, 250
$140,
299,
330,
198,
078,
941,
966,
949,
950
350
900
650
$5, 000
300
969, 936, 850
6,300
1, 000
$140,
299,
330,
198,
Outstanding
J u n e SO, 1888..
083, 950
941, 650
966, 900
950, 650
$10, 80060, 850
33,100
49,350
969, 943,160
144,100-
NOTE —The public debt statement shows $128,300 7-30s of 1864 and 3865 outstanding on J u n e 30,1888,.
or $5,000 less than 'the amount given in the above table. The discrepancy axose in deducting $5,000
redeemed in August, 1868, which was suspended in settlement and again deducted when suspension,
was removed.
No. 27.—COUPONS FROM U N I T E D STATES B O N D S AND I N T E R E S T N O T E S , P A I D D U R I N G T H E FISCAL YEAR 1888, CLASSIFIED B Y L O A N S .
T i t l e of loan.
Amount.
Bonds:
L o a n of J u l y a n d A u g u s t , 1861
5-20s of 1862 .
.
.
L o a n of 1863
10-403 of 1864
5-20s of J u n e , 1864
5-20s of 1865
Consiols nf 3865
Consols of 1867
Consols of 1868
No.
T i t l e of l o a n .
Amount.
Bonds:
F u n d e d L o a n of 1881
'.
F u n d e d L o a n of 1891
. . .
F u n d e d L o a n of 1907
Interest notes:
S e v e n - t h i r t i e s of 1864 a n d 1865
T w o - y e a r I n t e r e s t N o t e s of 1863 . . .
$174. 00
1,155,00
45,00
2, 50
6,00
396, 00
238, 50
240. 00
3,00
Total
:..
$152.50'
1 773 062 09
4, 533, 325. 5 0
'
20,07
21.64
6, 308, 84L 80'
28.—NUMBER AND AMOUNT OF CHECKS I S S U E D F O R I N T E R E S T ON R E G I S TERED B O N D S OF T H E U N I T E D STATES DURING T H E FISCAL YEAR 1888.
Number.
T i t l e of loan.
Amount.-
F u n d e d l o a n of 1891
F u n d e d loan of 1907 . . .
42, 760
152, 446
$8, 802, 022. 29»
24, 859,158, 60-
Total .\
B o n d s i s s u e d t o Pacific R a i l w a y s
195, 206
4,333
33, 661,180, 79'
3, 877, 410. 72-
199, 539
37, 538, 591. 51
Total
No.
2 9 . — I N T E R E S T ON 3.65 P E R C E N T . B O N D S OF T H E D I S T R I C T OF COLUMBIA
P A I D DURING T H E FISCAL YEAR 1888.
"Where p a i d .
Treasury United States Washin^ton
..• ...
Sub-treasury United States N e w Y o r l t . . . .
.....
Total
No.
Coupons.
Cliecks.
Total,
$23, 097. 26
61, 750, 70
$68,776,70
382, 757, 25
$91, 873. 96'
444, 507. 95
84, 847. 96
451,533,95
636, 381. 91
3 0 . — R E F U N D I N G C E R T I F I C A T E S I S S U E D UNDER T H E ACT OF F E B R U A R Y
1879, CONVERTED INTO B O N D S OF T H E F U N D E D L O A N OF 1907.
26?
Converted.
Issued.
To J u n e 30,
1887.
During
fiscal
year.
To J u n e 30,
1888.
Outstanding. .
Payable to order .
Payable to bearer
$58, 500
39, 954, 250
$58, 080
39, 779, 420
$87, 200
$58, 080
39, 816, 620
$420
137,-630
Total
40, 012, 750
39, 837, 500
37, 200
39, 874, 700
138, 050
'62
REPORT ON T H E FINANCES.
No. 31.—TOTAL AMOUNT OF U N I T E D STATES BONDS R E T I R E D F O R THE S I N K I N G
F U N D FROM M A Y , 1869, TO J U N E 30, 1888.
-^
Froin M a y ,
D u r i n g fiscal
1869, t o
year.
JuneSO, 1887,
How retired.
. Title of loan.
Loan of February 1861 .
Purchased.. . . . . . . . .
Kedeemed
Oregon War Debt
Purchased
Redeemed
Total'.
•'
Total...
,
Total
.
...
Purchased.
Kedeemed
-..
$10, 612, 000
2, 000
$10, 612, 000
2 COO
io, 614, 000
10, 614, 000
256, 800
100
256, 800
100
256, 900
Loan of July and August, 1861... P u r c h a s e d . ^
Redeemed
:5-20s of 1862
T o J u n e 30,
1888.
48, 776, 700
31 200
48, 807, 900
48, 807, 900
24,029,3 50
30, 036,400
T o t a l .„»
256, 900
48, 776, 700
31, 200
54,065,550
24, 029, ISO
30 03t5 400
.
54, 065, 55-0
Loan of 1863
Purchased
Redeemed
10-403 of 1864
5^-203 of March, 1864
5-20s of June, 1864
.do
Redeemed..-
S-20sofl865
Total
18, 848, 600
18, 848, 600
Consols of 1865
Purchased
Redeemed
48,166,350
65, 450
48, im^ 150
65, 450
Total
48, 231, 600
48, 231, 600
32,135,600
76, 700
32,115,600
76, 700
32,192, 300
32,192, 300
2, 233, 800
23,350
2, 213, 800
21 360
Consols of 1867
.-
..
.
19, 854, 250
14, 500
19, 854, 250
14, 500
Total
39,868,750
19, 868, 750
Redeemed
Purchased
693, COi)
361,600
691, 600
361 600
18, 356,100
11, 072,100
18, 356, 100
11, 072,100
Total
29, 428, 200
29, 428, 200
Purchased
Redeemed
16,866,3 50
1, 982, 450
16, 866,150
1, 982, 450
.
-
Purchased...
Kedeemed
Total
•Consols of 1868
Purchased . . . . . . . ..
Kedeemed
2, 235, 350
•2, 235,350
Funded loan of 1881
Purchased
Redeemed
43, 599, 000
25, 070. 800
43, 599, 000
25, 070, 800
Total
68, 669, 800
Total
,
:
Funded loan of 1891
Purchased
Funded loan of 1907
do
Loan of July and August, 1861—
1 continued
Redeemed
Loan of 1863—continued
do
Funded loan of 1881—continued..
do
Loan of J u l y 12, 1882
do
Total purchased...
Total redeemed
Aggregate
1,500,000
68, 669, 800
$19,455, 400
5, 389, 250
19, 455, 400
6, 889, 250
56, 594, 350
37,219,150
43, 688, 700
149, 629, 700
18, 880, 500
56,
37,
43,
168,
266, 707, 300
366,196, 550
24, 844, 650
18, 880, 500
291, 551, 950
376, 077, 050
622, 903, 850
43, 725,150
666, 629, 000
594, 350
219,150
688, 700
510, 200
68
TREASUKER.
No.
32.—TOTAL AMOUNT OF
T i t l e of loan. •
U N I T E D STATES B O N D S R E T I R E D
TO J U N E 30,
1888.
Rate
of i n t e r - T o J u n e 30,
1887.
est.
How retired.
L o a n 'of F e b r u a r y 1861
,
P e r ct.
6
6
Purchased
Kedeemed
Total
6
6 1
..
Purchased
Kedeemed
6
6
Total
5-20s of 1862
Purchased —
Redeemed ....
Converted
6
6
6
Total
L o a n o f 1863
Purchased
Redeemed . . . .
6 1
6
Total
5-20S of M a r c h , 1864
.'
Purchased.. .
Redeemed .. .
Converted.. .
Purchased ....
Redeemed
Converted
5.20a of 1865
Purchased
Kedeemed
Converted
i
/
Redeemed
Converted
514, 505, 550
11,800
514, 53.7, 350
19,854, 250
4, 669, 900
1,500
19, 854, 250
4, 671, 400
24, 524,150
1, 500
24, 525, 650
36, 023, 350
157, 689, 950
9, 586, 600
203, 298, 400
1, 500
203, 299 900
118,9.50,550
205,165, 200
8, 703, 600
26, 350
118, 950, 550'
205, 191, 550
8, 703. 600
332, 819, 350
26, 350
332. 845. 700
1,119, 800
2, 382, 200
380,500
62, 846. 950
62. 846, 950
309, 823, 700 ""'97,"550' 309,923,250
5, 807, 500
5, 807, 500
761-, 100
761, 100
379, 239, 250
6
6
6
97, 550
379, 336, 800
4, 794, 050
37,415,2.50 "'""i,'256'
211, 750
44,900
4, 794, 050
37,416,500
211,7.50
44,900
42,465, 950
1, 250 . 42,467,200
1, 707, 202,100
173, 550 1,707,375,650
5
232, 000
232, 000
—
5
5
6, 041, 000
13, 957, 000
6,041,000
j 13,957,000
Redeemed
Exchanged ...
5
.5
-
1
Total
10-403 of 1864
'ii,86o
12.), 517, 200
Total . . . .
Redeemed
63, 633, 060
57, 155, 8.50
430, 270, 500
27, 091, 000
36, 023, 350
157, 688, 450 ' " " ' i , ' 5 0 0
9, 586, 600
T o t a l of 6 p e r c e n t s
Texan Indemnity Stock
33,450
57,3.55,850
430, 258, 700
27, 091, 000
126, 517, 200
6
6
6
0
Purchased
Redeemed
Converted . . . .
Exchanged ...
L o a n of 1858
33,450
61, 590, 600
3. 882, 500
Total
Consols of 1868
941, 300
48, 776, 700
12, 856, 350
43, 459, 750
69, 838, 800
12, 218. 650
6
6
6
Purchased
Kedeemed . . .
Converted
Exchanged ...
150
48, 776, 700 j
12, 822, 900
3, 882, 500
Total
C o n s o l s of 1867
941,160
256, 800
684, 500
43, 459,750
69, 838, 800
12, 218, 650
6
6
6
Purchased
Kedeemed
Converted
$150
6
6
6
Total...
^
18,409, 000
j
256,800
684,360
3,139,800
2, 28-2, 200
380, 500
Total...
C o n s o l s of 1865
$10, 632, 000
7, 797, 000
6
6
6
Total
5-20s of J u n e , 1864
1869,
T o JuneSO,
1888.
18, 409, 000
Purchased
Kedeemed
L o a n iof J u l y a n d A u g u s t , 1861
During
fiscal
year.
$10,612,000
7, 797, CCO
Total
O r e g o n "War D e b t
FROM M A Y ,
Total
19, 998, 000
1 19,998,000
192,406,350
2, 089, 500
7, 850
192, 414, 200
2, 089, 500
194,495,850
7, 850
194,503,700
64
REPORT
ON T H E FINANCES,
No. 32.—TOTAL AMOUNT O F U N I T E D STATES BONDS R E T I R E D FROM M A Y , 1869, T O
J U N E 30,-1888—Coritinued.
Kate
How retired. of interest.
Title of loan.
Per ct
5
5
Purchased
Redbemed
Funded loan of 1881 ....;
Total
T o J u n e 30,
1887.
During
fiscal y e a r .
$43, 599, 000
72, 761, 300
T o J u n e 30,
1888.
$43, 599,000
72,838,200
$76,900,
116, 360, 300
76, 900
116,437, 200
331, 086,150
84, 750
331,170, 900
27, 792, 950
27, 792, 950
1, 500, 000
1, 418, 850
23, 671, 350
25 171 350
3,418,850.
•
Total of 5 per cents
Funded loan of 1891
Purchased
Funded loan of 1907
Purchased
Redeemed
Total
4
4
.
2, 918, 850
23, 671, 350
26, 590,200
3^
127, 527, 000
900
127, 527, 900
3i
3i
37, 219,150
13, 231, 650
3,000
Total.....
50,450,800
3,000
50, 453,800
Funded loan of 1881—continued.. Redeemed
Exchanged . . .
109,107,100
292, 349, 600
6,200
309,113,300
292, 349, 600
401,456,700
6,200
401,462, 900
579, 434, 500'
10,100
579, 444, 600
281, 802,100
23, 056, 250
304, 858, 350
448, 949, 050
2, 067, 061, 300
77, 956, 600
308,476, 750
61, 464, 300
23, 324, 650
600, 413, 350
2, 090, 385, 950
77, 956, 600'
308, 476, 750'
2,902, 443, 700
74, 788,950
2, 977, 232, 650
Loan of July and August, 1861— Redeemed
Redeemed
Exchanged . . .
Loan of 1863—continued
Total
Total of 3^ per cents
Loanof July 12 1882
Total
Total
Total
Total
Redeemed
purchased
redeemed ,o
converted
exchanged
Aecffreerate
3
.
37, 222,150
13,231,650
No. 33.—BONDS O F T H E L O A N S GIVEN I N STATEMENT N O . 32, R E T I R E D P R I O R T G
M A Y , 1869.
T i t l e of loan.
Texan Indemnity Stock
Oregon W a r D e b t
10-40S of 1864
Total
H o w retired.
R a t e of
interest.
Amount.
Redeemed
....do
Purchased —
Per cent
6
6
5
$4, 748. OOO
145, 850
1, 551, OOO
6, 444, 850
TREASURER.
65
No. 34.—CALLED BONDS R E D E E M E D AND OUTSTANDING J U N E 30,
1888.
Kedeemed,
Loan,
Call.
Dec, 1 1871
M a r , 7, 1872
M a r . 20, 1872
J u n e 1, 1873
S e p t . 6, 1873
N o v . 16 1873
F e b . 1, 1874
Sept. 3, 1874
Sept. 5, 1874
Nov. 1, 1874
Dec. 1 1874
J a n . 3, 1875
F e b . 2 1875
M a y 1 1875
J u n e 1, 1875
J u n e 11, 1875
J u l y 20, 1875
A u g . 1, 1875
A u g , 15, 1875
Sept. 1 1875
S e p t . 24 1875
Oct. 14 1875
Oct. 28, 1875
5-20s of 1862.
Total
When
matured.
Nov. 13,1875
5.208of June, 1864..,
Nov. 13,3875
Dec. 1,1875
do
Dec. 17,1875
Jan, 1,1876
Feb, 1,1876
F e b . 15,1876
....do
Total.
Feb, 15,1876
Dec. 1,1876
Dec. 6.1876
Dec. 12.1876
Dec. 21,1876
Jan, 6.1877
Apr. 10.1877
Apr. 24,1877
May 12,1877
May 28,1877
J u n e 3,1877
June 10,1877
J u n e 15,1877
J u n e 27,1877
J u l y 5, 3877
Aug. 5,1877
H. Ex. 2 — 5
$2, 000
3,500
1,100
4,000
1,000
1,100
1,000
Aug. 21, 3877
Aug. 28,1877
Sept. 11,1877
Oct. 5,1877
Oct. 16,1877
Oct, 19,1877
Oct. 27.1877
Nov. 3.1877
Mar. 6.1878
July SO, 1878
Aug. 6,1878
Aug. 22.1878
Sept. 5,1878
Sept. 20,1878
Oct. 11,1878
Oct. 17,1878
Oct. 23,1878
Oct. 30,1878
Nov. 5,1878
To June 30,
1888.
$99, 940,
16, 218,
20, 083,
49,814,
20, 025,
14, 328,
4, 992,
5, 016,
1, 003,
24, 986,
14, 800,
10,155,
5, 085,
15, 007,
5, 005,
29, 9S0,
5, OOi
6, 001,
5, 002,
9, 995,
5, 003,
10,001
14, 891,
$19, 250
3, 500
22, 360
63, 950
• 16,950
6, 760
2,350
3,250
1,000
Si, 600
6,850
12, 760
6,050
20, 650
550
18, 550
700
400
1,300
5,600
2,150
3,350
'4, 900
391, 345,
254, 750
9, lu4, 500
8, 043, 900
5, 024, 750
5, 012, 900
5, 020, 500
10, 012, 650
12, 802, 960
3, 024, 050
9, 093,
8, 043,
5, 020,
4, 992,
5, 038,
10, 010,
12, 797,
3, 024,
58, 046, 200
58, 002,
1, 974, 700
10, 032, 300
9, 996, 300
10,012,250
10, 053, 750
10. 008, 250
10, 026, 900
10,35.5,150
10,138, 300
9, 904, 300
10,043,050
10, 003, 250
10,018,300
10, 005, 600
10, 019, 000
10,114, 550
1, 974,
10, 032,
9, 992,
10, COO,
10, 05L
10, 006,
30,026,
10,163,
10,137,
9, 902,
10, 041
10, 003,
10, 048;
10, 004,
10,018,
10,114,
10,360,650
10, 018, 650
15, 000, 500
10, 003, 300
10, 014, 050
10. 006,150
10,012,600
10, 063, 700
10, 032, 250
5, 084, 850
5, 006, 850
4, 973,100
5, 003,100
4, 793, 750
4, 945, 000
4, 989, 850
5, 081, 800
6, 253, 300
4, 966, 500
Outstanding.
946, 600
946, 600
152, 533, 850
Total
Consolsof 1865.
$99, 959, 600
16, 222, 250
20,105, 500
49, 878, 650
20, 042,100
14, 335, 350
4, 994, 650
. 5,020,100
^ 1,004,950
26, 017, 700
14, 807,700
10,168, 300
5, 091, 700
15, 028, 350
5, 005, 600
29, 998, 700
6, 006, SCO
5, 001, 850
5, 003, 550
10, 000, 950
5, 005, 200
10, 004, 800
14, 896, 750
During fiscal year.
391, 600, 600
1
5-208 of March, 1864.
5-20S of 1865.
Amouut
called.
1,000
""560"
1,500
100
200
'i6,"6oo'
1, 000
600
10, 000
1,050
3,000
100
10, 650
4,100
20,100
2.000
2; 050
5,200
44,100
550
4,200
11, 600
2,100
3,100
800
1,500
500
1,500
,000
500
152, 506,
27, 350
10,151,
10, 012,
14, 990,
9, 996,
9, 999,
9, 998,
9, 998.
10, 053,
10,029,
5, 080,
5, 005,
4,!
4,!
4, ':87,
4, 929,
4,984,
5, 081
6, 246,
4, 963,
9,560
6,000
9,800
6,950.
14, 700
. 7,500
13, 650
10, 450
3,050
4,650
1,500
3,750
1,650
6,550
15, 950
5,550
400
7,100
3, 450
66
REPORT ON T.HE FINANCES.
No. 34.—CALLED
BONDS RKDEBMED AND OUTSTANDING J U N E 30, 1888—Cont'd.
Kedeemed.
0
When
matured.
Call,
Loan.
Amount
called.
D u r i n g fiscal y e a r .
1
$6, 088, 850
4, 991, 200
5, 072, 200
4, 996, 300
4, 620, 650
5, 003, 200
5, 059, 650
5,010,400
5, 006, 400
12, 374, 950
66
67
68
69
70
71
72
73
74
75
Nov,
Nov.
Nov.
Nov.
Dec.
Dec,
Feb.
Feb.
Mar.
Mar,
7,1878
10,1878
16,1878
26,1878
4,1878
16,1878
16,1879
27,1879
9,1879
18,1879
76
7778
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
Apr.
Apr.
Apr.
Apr.
Apr,
Apr,
Apr,
Apr.
Apr.
Apr.
May
May
May
May
May
June
June
June
July
July
1,1879
4,1879
6,1879
8,1879
11,1879
14,1879
18,1879
23,1879
24,1879
28,1879
1,1879
6,1879
12,1879
17,3 879
24,1879
4,1879
12,1879
29,1879
3,1879
4,1879
Consols of 1868
96
July
4,1879
10-408ofl864
,97
98
99
J u l y 9,1879
J u l y 18,1879
J u l y 21,1879
100
J u l y 23,1879
260, OOP
101 M a y 21,1881
103 A u g . 12,1881
, 104" Oct. 1,1881
25, 030,100
10,121, 850
28,184, 500
9,000
67, 900
' 63,336,460
12,947,450
1, 500
Consols of 1865
Total
Consols of 1867
Total
Total
L o a n of 1858
F u n d e d loan of 1881
Total
202, 478, 500
153, 250
100
1,500
500
5,350
13,100
17, 050
1,000
2, 800
1,250
1,550
4,100
28, 000
3,000
7, 050
,6,000
1,150
1, 200
150
2,700
9, 963, 250
9, 873,160
10, 307, 850
9, 995, 000
9, 370,150
20, 079,250
19, 589, 300
18, 567, 750
21, 607, 450
20, 244, 950
20,154, 050
20, 034, 700
19, 835,100
20, 209, 960
19, 397, 000
10, 666, 200
10, 461,100
10, 057, 350
9, 962, 050
19,199, 350
20,450
20,150
6,850
11 650
19,450
25, 450
, 15,500
21, 750
15, 500
8,950
7.200
9,550
23, 500
9,250
10, 450
-8,200
3,550
19, 350
10, 750
13, 700
309, 846,150
97, 550
309,564, 950
281, 200
37, 420, 300
1, 250
37, 348,150
72,150
10, 294,150
157, 607, 600
24, 575, 050
. 50
7,800
30, 290, 550
157, 547, 600
24,575,050
3,600
60, 000
192, 476, 800
7,850
192,413, 200
63,600
L o a n of 1863
102
July
1,1881
4, 687, 800
L o a n of J u l y a n d A u g u s t ,
1 8 6 1 ~ c o n t i n u e d a t 3^ p e r
cent.
105
106
107
108
109
110
111
112
113
Dec,
Jan.
Mar.
Apr.
May
May
May
June
July
24,1881
29,1882
13,1882
8,1882
3,1882
10,1882
17,1«82
7,1882
1,1882
20,03L550
20,184, 900
19, 564,100
20, 646, 700
5, 086, 200
5, 010, 200
5, 096, 550
15,109, 950
11, 227, 500
A u g , 1,1882
Sept, 13,1882
Oct. 4,1882
114
115
116
Total
'
$3, 550
150
500
2 200
3 250
1,500
2,200
1,300
2,600
3 800
26, 350
July
L o a n of 1863—continued a t
3i per cent.
100
$5, 085. 300
4, 991, 050
5, 071, 700
4, 994,100
4, 617, 400
5,003,700
5, 067, 450
5, 009,100
5, 003,800
12, 371,150
9, 983, 700
9, 893, 300
30,314,700
10, 006, 650
9, 389, 600
20,104, 700
19, 604, 800
18, 579, 500
21, 622, 950
20, 253, 900
20,161, 250
20, 044, 250'
19, 858, 600
20, 219, 200
19,407,450
10, 674, 400
10, 464, 650
10, 076, 700
9, 972, 800
19, 213, 050
102
Total
100
Outstanding,
202, 631, 750
L o a n of J u l y a n d A u g u s t ,
1861.
1,1881
$100-
T o J u n e 30,
1888,
260, 000
25, 024,100
10, 084,100
28,176, 200
6,000
37,750
8,300
76,000
63, 284, 400
52, 050
33, 450
• 12, 856, 350
91,100
4, 671, 400
16, 400
1,000
2,050
3,000
29,300
500
20, 030, 550
20.182, 850
19, 561,100
20, 517, 400
5, 086, 200
5, 005, 900
5, 096, 550
15, 083, 300
13,224,500
121, 857, 650
900
121, 788, 350
69, 300
15,024,700
16, 304,100
3, 269, 650
2,000
i, 000
15,024,550,
16, 302, 500
3, 267, 250
150
1 600
2, 400
34, 598,450
3,000
34, 594,300
4,150
400
4,300
26,650
3,000
TREASURER.
67
No. 34.—CALLED BONDS R E D E E M E D AND OUTSTANDING J U N E 30, 1888—Cont'd.
Redeemed.
Loan.
Call.
F u n d e d loan of 1881—cont i n u e d a t 3§ p e r c e n t .
117
118
319
120
121
When
matured.
Dec.
Jan.
Feb.
May
Nov.
Amount
called.
23,1882
18,1883
10 1883
1,1883
1,1883
Total
L o a n of J u l y 12,1882
0
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
Dec.
Dec.
Feb,
Mar.
May
June
June
Aug.
Sept.
Nov.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Sept.
Oct.
Oct.
Nov.
Dec.
Feb.
Mar.
'Apr.
May
July
1,1883
16,1883
1,1884
16,1884
1,1884
20,1884
30,1884
1,1884
30,1884
1.1884
1,1880
1,1886,
1,1886
1,1886
1,1886
1,1886
1,1886
1,1886
15,1886
1,1886
16,1886
1,1886
1,1886
1,1887
1,1887
1,1887
1,1887
1,1887
Total
Outstanding.
D u r i n g fis- T o J u n e 30,
cal y e a r . - 1888.
$25, 822, 600
16,119, 850
15 221 800
15, 216, 350
30, 753, 350
$4, 600
500
103,132, 950
1,100
$25, 820, 000
16,112, 250
16, 214, 000
15, 234, 450
SO, 730, 250
$2, 600
7,600
7,800
900
23,100
6,200
103, 090, 950
42 000
15, 272,100
15,133, 650
10, 208, 850
10, 047, 850
10, 093,100
10, 010, 250
10,161, 050
10, 040, 800
10, 050,100
10, 330, 750
10, 098,150
10, 000,250
10, 012, 750
10, 009, 850
10, 002, 900
4, 001, 850
4,007,700
4, 004, 950
10, 003, 650
15, 006,000
15,122,400
15, 008, 300
10, 005, 350
10,010, 900
13, 887, 000
10, 007, 750
10, 014, 250
19, 717, 500
1, 500
7,000
2,600
50
200
1,000
1,600
11,000
300
1,000
3,000
16, 000
48, 600
25,650
11,100
95, 500
80,100
12, 600
3,068,100
130, 400
260, 800
158,400
181, 300
145, 200
428,400
202, 400
674,250
19, 488, 400
15, 260, 800
15,131, 200
10, 204, 750
10, 027, 850
10, 091, 750
10, 008, 750
10,147,450
10, 036, 300
10, 049,100
10, 329, 450
10, 066, 650
9, 990, 250
10, 002, 050
10, 008, 550
9, 972, 900
4, 000, 860
4, 007,100
3, 998, 850
9, 998, 950
14, 993, 650
15,116, 600
14, 862, 550
10,002, 600
10, 005, 400
13, 786, 650
10,006, 350
9, 940, 350
19, 489, 400
11, 300
2,450
4,100
20, 000
1,350
1,600
3,600
4,600
1,000
1,300
31, 600
10, 000
10, 700
1,300
30, 000
1,000
600
6,100
4,700
13,350
5,800
145, 750
2,750
5,500
100,350
2,400
73, 900
228,100
302,259, 000
23, 056, 260
301, 536,100
722, 900
RECAPITULATION BY LOANS.
Redeemed,
Loan.
5-20sofl862
5-20S of March, 1864
5-20sof June, 1864
5-20sofl'865
Consols of 1865
:
Consols of 1867
.,
Consols of 1868
10-408 of 1864
Loanof 1858
Funded loan of 1881
Loanof J u l y and August, 1861
Loan of 1863
„
Loan of J u l y and August, 1861—continued a t
3^ per cent
Loan of 1863—continued at 3§ per cent
Funded loan of 1881—continued at 3§ per cent
Loanof J u l y 12, 1882
,
Total
Amount called.
During fiscal year.
To J u n e 30,
$391,600, 600
946. 600
58, 046, 200
152, 533, 850
202, 631, 750
309, 846,150
37, 420, 300
192, 476, 800
260,000
63, 336, 450
' 12, 947,450
4, 687, 800
$11, 800
76, 900
33,450
1,500
$391, 345, 850
946, 600
58, 002,100
152, 506, 500
202,478, 500
309, 564, 950
37, 348,150
192, 413, 200
260, 000
63,284, 400
12, 856, 350
4, 671, 400
121, 857, 650
34, 598, 450
103,132, 950
302,259,000
900
3,000
6,200
23,056,250
121,788,350
34, 594, 300
103, 090, 950
301, 536,100
1, 988, 582, 000
23,324, 500
1, 986, 687, 700
3,500
26, 350
97, 550
1, 250
7,850
Outstanding
$254, 750
44,100
27, 350
153. 260
281, 200
72,150
63,(600
52, 050
91,100
16, 400
69, 300
4,150
42, 000
722, 900
1, 894, 300
68
No.
R E P O R T ON T H E FINANCES.
35.
CHANGES DURING T H E FISCAL YEAR 1888 I N THE P R I N C I P A L OF T H E I N TEliEST-BEARING DEBT AND D E B T ON WHICH INTEREST HAS C E A S E D .
T i t l e of l o a n .
Rate per
cent, of
interest.
Outstanding
J u n e 30, 1887,
Increase.
as p e r d e b t
statement.
Decrease.
Outstanding
J u n e 30, 1888,
as p e r debt
statement.
Interest-bearing debt
L o a n of J u l y 12 1882
F u n d e d l o a n of 1891
F u n d e d loan of 1907
Kefundinsr certificates . . .
N a v y p e n s i o n fund
B o n u s i s s u e d t o Pacific r a i l r o a d s . .
3
f
4
3
6
$19, 716, 500. 00
250,000, OCO. 00
737, 800, 600, 00
175, 250. 00
14, 000, 000, 00
64, 623, 512, 00
1, 086, 315, 862, 00 |
Total
Old d e b t
..
..
. . . . 1-10 t o 6
6
L o a n of 1847
Texan Indemnity Stock
5
5
L o a n of 1868
L o a n of 1860 .
-.
5
5-20s of 1862
.
6
5-20s of J u n e 1864
6
6
5-20s of 1865
10-40sofl864
5
6
Consols of 1865
....
6
Consols of 1867
6
Consols of 1868
.-.
6
L o a n of F e b r u a r y , 1861
F u n d e d loaa 1^81
5
F u n d e d loan 1881 continuedOregon W a r D e b t
L o a n of J u l y a n d A u g u s t , 1 8 6 1 , . . .
6
L o a n of J u l y a n d A u g u s t , 1861—
continued
.
... ....
L o a n of 1863 (1881s)
"..
L o a n of 1863—continued
L o a n of J u l y 12, 1882
T r e a s u r y n o t e s of 1861
6
7-30sofl861
7 3-10
One-year n o t e s 1863
5
T w o - y e a r n o t e s 1863
5
Compound-interest notes
-.
6
7-30s of 1864' '65
7 3-10
Certificates of i n d e b t e d n e s s
6
T e m p o r a r y loan
.
4to6
T h r e e p e r ' c e n t , certificates
3
f
f
-f
Total-.
48,160
$19, 716, 500
27, 792, 950
23, 671, 350
37, 200
$222, 207, 050. 00
714,177, 400.00
138,050.00
14, 000, 000. 00
64, 623, 512. 00
71, 218, 000 1, 015,146, 012. 00
/^
Debt on which interest h a s ceased.
Affffresate
$48,150
151, 920. 26
1, 250, 00
20, 000, 00
2, 000. 00
10, 000. 00
266, 050. 00
44; 100. 00
28, 850. 00
71, 450. 00
179, 600. 00
378, 750. 00
73, 400, 00
• 6, 000. 00
128,950.00
48, 200, 00
3, 850, 00
124, 550, 00
—
500
6,115,165.26
1,500
7,850
26, 350
97, 550
1,250
76, 900
6,200
150
33, 450
900
1,500
3,000
3, 339, 760
70,200.00
17, 900. CO
7,150. 00
4, 062, 650, CO
2, 500, 00
15, 800, 00
36, 205. CO
29, 400. 00
192, 880. 00
129, 600. 00
4, 000.00
2, 960. 00
5, 000, 00
1, 092, 431, 027. 26
11,800
'
5,000
1,320
650
3,350
1,300
500
48, 650
3, 619, 570
151,920.26
1, 250. 00
20, 000. 00
2, 000. 00
^ 10, 000. 00
254, 750. 00
44,100. 00
. 27, 350. CO
63 600 00
153, 250. 00
281, 200. 00
72,150. 00
6, 000. 00
52, 050.00
.42,000.00
3, 700. 00
91,100. 00
69, 300.00
16,400.00
4 150 00
722, 900, 00
2, 500, CO
10, 800, 00
35, 085. 00
28, 750. 00
189, 530. 00
128,^00.00
4, 000.00
2, 960. 00
5, 000. 00
2, 496, 095. 26
74, 837, 570 1,017,642,107.26
No. 36.—RECAPITULATION O F T H E P U B L I C D E B T STATEMENT F O R T H E CLOSE O F EACH F I S C A L Y E A R FROM J U N E S O , 1880, TO J U N E 30,
IN T H E FORM USED SINCE J U L Y 1^ 1885.
J u n e 30,1880.
June 30,1881,
J u n e 30,1882.
JuneSO, 1883.
JuneSO, 1884.
J u n e 30,1885.
J u n e 30,1886.
J u n e 30,1887.
1888,
J u n e 30,1888,
Public debt.
Interest-bearing debt—
Principal
, $1,788,,616,612. $1,704191,262.00 1,528,433,912, 00$1,402,«52,662, 00$1,291,187,362. 00$1,260,774,462.00 $1,210,637,612.00 $1,086,315,.862.00 $1,015,140,012,00
12,925,629,09
12, 860, 514. 88 12, 351,603,18
11, 624,205, 28
Interest
22,168, 677. 03 15, 299, 209.99 13, 886, 662. 95 13,108,451. 71
23, 969, 808.
Matured debt—
Principal
7, 831, 415, 26 19, 656, 205. 26 4,100, 995, 26 ' 9, 704, 445, 26 6,115,165. 26
2, 496, 095, 26
; 621, 455.
6. 723, 865.36 16,260,805.26
814, 444.
535, 251. 84
366, 824. 74
347, 214. 06
227,199. 52
Interest
718, 686, 08
224, 020. 42
190, 763. 87
"168, 267, 86
Debt bearing no interest—
60, 535, 00
59, 695. 00
58, 440. 00
57, 950. 00
60, 975.
58, 985, 00
67, 445. 00
- 56, 807. 50
Old demand notes . . . . .
57, 130, 00
Legal-tender notes
346, 681,016.
346, 681, 016, 00 346, 681, 016. 00 346,681,016.00 346, 681, 016. 00 346, 681, 016. CO 346, 681, 016. 00 346, 681,016, 00 346, 681, 016. 00
11, 650, 000, 00 13. 245, 000. 00 13, 060, 000, 00 12,190, 000, 00 29, 585, 000. 00 18. 250, 000. 00
8, 770,000, 00 14. 415, 000.00
Currency certificates.
14, 305, 000.
963,
900.
5, 759, 520, 00 5, 029, 020. 00 59, 807, 370. 00 71,146, 640, 00 126, 729, 730. 00 76, 044, 375, 00 91, 225,437. 00 119, 887, 370. 00
Gold certificates
7,
Silver certificates
39,110, 729. 00 54,.506, 090. 00 72, 620, 686, 00 96, 427, Oil, 00 101, 630, 946. 00 88,116, 2-25, 00 142,118, 017. 00 200, 387, 376. 00
5, 789, 569,
7, 000, 690. 81 6, 980, 061, 31 6,964,176."
6, 954,087, 52
7, 047, 247.77
6, 946,964. 37
6, 922, 643. 82
Fractional currency...
7,.105, 953, 32
'*7, 214. 954.
Total debt
1,924,166, 312. 761,
2, 202, 837,734, 58 2,144,170, 243. 691, 987, 097, 247. 86
Oash in the Treasury.
Available for reduction of
the public debt—
Gold "held for gold certificates actually outstanding . .
*.
7, 963, 900. 00 5, 759, 520.00
5, 029, 020. 00 59,807, 370, 00
Silver held for silver
certificates actually
outstanding
5, 789, 569. 00 39,110. 729. 00 54, 506, 090. 00 72, 620, 686. 00
U. S. notes held for currency certificates act14,105, 000. 00 11, 650, 000. 00 13, 245, 000. 00 13, 060, 000, 00
ually outstanding
Cash held for matured
debt and interest accrued and unpaid
32, 405, 708, 21 29, 611, 228. 37 32, 095, 267. 09 22, 084, 902.95
53,159,11
17, 764.44
67, 594, 37
4, 657, 64
Fi-actional currency.:..
Cash held for bonds
called, not matured...
Total available for reduc. ion of the debt.
Keserve fund h d d for redemption of U. S. notes.Unavailable for reduction
of the debt^Fractional silver coin...
Minor coin
60, 331, 771. 68 86,184,636.48
857, 782, 401. 34
1, 889, 577 103. 751, 769,529, 741, 08
1, 717, 784, 793. 72
1, 700, 771, 948. 68
zn
a
71,146, 640, 00 126, 729, 730.00
76, 044, 375. 00
96, 427, Oil, 00 101, 530, 946.00
88,116,225.00
12,190, 000. 00
29, 585, 000, 00
18, 250, 000. 00
8, 770,000.00
3.4, 415, 000, 00
33, 111, 871.03
7, 027. 28
17, 253, 823, 87 22, 788, 980. 56
3, 285. 91
2, 667.17
18, 657,522. 31
366. 07
14, 288, 568. 40
1, 367. 97
91, 225,437. 00
119, 887, 370, 00
142,118, 017, 00 200, 387, 376. 00
19, 716,
104,893,131. 53 167, 577, 616, 59 212, 882, 549. 31 275,102, 785, 78 205, 202, 247, 73 280, 489,842, 38 348, 979, 672, 37
100, 000, 000, 00 100, 000, 000, 00 100, 000, 000. 00 300,000,000.00
PO
100, 000, 000.00 100, 000, 000, 00 100, 000, 000, 00 100, 000,000, 00 100, 000, 000, 00
24, 350, 481. 80 27, 247, 696, 93 28, 048, 630. 58 28, 486, OOL 05 29. 600, 720.05 31, 236, 899.49 28, 904, 681. 66
377, 814, 00
786, 005. 87
449, 072.48
868, 465. 64
1, 232,722.43
574,17.0.85
768, 988. 76
* Decreased b y $8,375,934, a m o u n t estimated as lost or destroyed, act of J u n e 21, 1879.
26, 977,493, 79
116, 698, 76
26, 051, 741.19
112, 036, 58
PO
]^o. 3 6 . — R E C A P I T U L A T I O N O F T H E P U B L I C ' D E B T S T A T E M E N T F O R T H E CLOSE O F E A C H F I S C A L Y E A R , ETC.—Continued.
J u n e 30,1880.
J u n e SO, 1881,
J u n e 30,1882.
J u n e SO, 1883.
J u n e SO, 1884.
J u n e 30,1885.
J u n e 30,1886.
J u n e 30,1887.
O
J u n e 30,1888,
•
Oash i n the T r e a s u r y — C o n .
Certificates h e l d a s c a s h Legal tender
Gold
Silver
N e t c a s h b a l a n c e on h a n d . .
Total cashin Treasury,
as shown b y Treasu r e r ' s g e n e r a l account
- .P u b l i c debt less available
cash i n the T r e a s u r y
D e c r e a s e of i n t e r e s t - b e a r i n g
debt
D e c r e a s e of m a t u r e d d e b t
D e c r e a s e of d e b t b e a r i n g n o
i n t e r e s t j e x c l u d i n g certificates
I n c r e a s e of m a t u r e d d e b t
N e t d e c r e a s e of p r i n c i p a l
of d e b t
D e c r e a s e of i n t e r e s t d u e
and accrued
. . .
T o t a l d e c r e a s e of d e b t
I n c r e a s e of a v a i l a b l e cash,
e x c l u d i n g f u n d s h e l d for
r e d e m p t i o n of c e r t i f i c a t e s .
D e c r e a s e of a v a i l a b l e c a s h ,
e x c l u d i n g f u n d s held for
r e d e m p t i o n of c e r t i f i c a t e s .
$360, 000,00
40; 700. 00
6, 584,701. 00
8,188,246.07
$275, 000. 00
23, 400. 00
12, 056, 801.00
22, 790, 875.07
$75, 000. 00
8,100. 00
11, 590, 620. 00
*1, 775, 034. 81
$315, 000.00
22, 571, 270. CO
15, 996,145. 00
9, 869, 699.43
$195, 000. 00
27, 246, 020. 00
23, 384, 680. 00
*2, 092, 029. 93
'$200,000.00
13,693,410.00
38, 370, 700. 00
29, 240,168. 32
$250, 000.00
56,129, 870.00
27, 861, 460, 00
75,191,109.95
201, 088, 622. 88
249, 363, 415.35
243, 289, 519. 78
345, 389, 902.92
391, 985, 928.18
488, 612, 429. 23
492, 917,173. 34
$310, 000. 00
$250, 000. 00
30, 261, 380. CO 22,135, 780. 00
29,104,396. CO
3,425,133. 00
40, 853, 369. 28 103, 220, 464. 71
629, 854, 089,85
PO
2,034,317,716,93 1,936,194,732.14 1,783,979,15L14 1,646,718,996.74 1,546,991,881.96 1,485,234,149.65 L 389,136,383. 40 1,279,428,737.02 1,166,584,656.64
o
482,433, 917. 23
84, 426, 350.00
897, 590. 00
175, 757, 350. 00
125, 681, 250. 00
8,429, 390. 00
111, 665, 300. 00
30, 412, 900. 00
15, 555, 210. 00
50,136, 850. 00
124, 321, 750. 00
3, 589, 280.00
71,169, 850. 00
3, 619, 070, 00
8,628,146.41
109, 441. 05
59, 545. 56
9,536, 940. 00
47, 266. 96
21,174,50
11, 824, 790.00
16, 375.43
10, 593. 36
5, 603, 450. 00
7, 438.15
24, 643.'05
215, 745, 331. 41
85, 432, 381. 05
166, 279, 955. 55
134, 057, 906, 96
99, 861, 684. 50
45,984,485.43
44, 543,993, 36
127, 918, 468.15
74, 813, 563. 05
7, 946, 803. 75
1,896, 889. 84
7,052, OOL 28
1,580,974,14
7-97, 821. 92
302, 837.16
68, 293. 31
542,178.25
749, 883.91
223, 692,135.16
87,329, 270. 89
173, 332, 856, 83
136, 638, 881.10
100, 659, 506,42
46,287, 322. 59
44,612, 286. 67
128, 460, 646,40
75, 563,446. 96
15,470, 409. 72
61,485, 479, 58
177, 723, 010. CO
.29,394,175.00
o
W
a
Ul
1,-621, 273, 30
11, 793, 713. 90
145,419,156. 87
932, 391. 64
22,117, 275.83
38, 280,633.42
18, 753, 000. 02
D e c r e a s e of d e b t , less available cash
178, 272,978. 29
99,122, 984.79
151, 215, 581, 00
137,260,154,40
99, 727,114, 78
61,757, 732. 31
96, 097, 766. 25
109, 707, 646, 38
A n n u a l interest charge on
public debt
D e c r e a s e of a n n u a l i n t e r e s t
charge
83, 511, 391. 72
78,896,106. 22
61,237,521.47
65, 314,120. 22
51, 803, 843.22
50, 891, 543. 72
49, 387, 508. 72
45, 657, 939.72
10, 232, 368.40
4, 615, 285. 50
17, 668, 584. 75
5, 923,401. 25
3, 510, 277. 00
912,299.50
1, 504,035. 00
3, 729, 569. 00
po
H
" Overdrawn.
t Actual decrease $69,897,044.29.
113, 844,080. 38
42, 869, 345. 97
'
2,788,593.75
71
TEEASUEER.
No. 37.—BALANCED
STATEMENT OF R E C E I P T S AND D E L I V E R I E S OF M O N E Y S B Y
THE NATIONAL BANK R E D E M P T I O N A G E N C Y FOR T H E FISCAL YEAR 1888.
•
Amount.
Dr,
To cash balance June 30, 1887 .
To national-bank notes received for redemption
To " o v e r s " reported jn national-bank notes received
/
/
/
/
•
/
/
By nationai-bank notes, fit for
circulation, forwarded to national banks by express.
=
By national-bank notes, unfit
for circulation, delivered to the
Comptroller of the Currency..
14,749.28
By notes of failed and liquidating national banks deposited
in the Treasury of the United
States
By United States notes depos*ited in the Treasury of the
' United States. ..^
1 By packages referred and moneys returned
.........
B.y express charges deducted . . .
By counterfeit notes rejected
and returned
By national-bank notes—less
than three-fifths, lacking signatures, and stolen—rejected
and returned, and discount on
United States currency
By ' - s h o r t s " reported in national-bank notes received
for redemption
By packages with unbroken seals
By cash balance J u n e 30, 1888...
Amount.
$2,165,539.41
99,152, 364. 34
101,332,653,03
Total
Cr.
Total
$17,453, 780.00
75,912,756.45
92,672.00
182, 678.30
806,396.48
716.62
2,722.00
1,979.40
2, 741. 70
105, 830. 00
6, 770, 380. 08
101, 332, 653. 03
-^Q^ 38.—BALANCED STATEMENT OF R E C E I P T S AND D E L I V E R I E S OF M O N E Y S B Y
THE NATIONAL BANK R E D E M P T I O N AGENCY FROM J U L Y 1, 1874, TO J U N E 30,
Amount.
Dr.
To national-bank notes received
To " o v e r s " reported in national-bank notes received
•
:
,
•
$1, 871, 778, 513. 06
244, 746. 06
/
/
/
/
•
/
/
3
Total
1, 872, 023, 259,12
1
Cr. .
By national-bank notes, fit for
circulation, deposited in the
Treasury, and forwarded to
national banks by express
By national-bank notes, unfit
"for circulation, delivered to
the Comptroller of the Currency
By notes of failed and liquidating national.banks deposited
in the Treasury of the United
States . - - ->
By United States notes deposited in the Treasury of the
United States
By packages referred and moneja returned
By express charges deducted . . .
By couuterfeit notes rejected
and returned .
By national-bank notes—less
than three-fifths, lacking signatures, and stolen—rejected
and returned, and discount on
United States currency
By " s h o r t s " reported in national-bank notes received
for redemption
By packages with unbroken
seals
By cash balance June 30, 1888...
/
Total
Amount.
$752,513,9n.0O
969, 732, 2U. 95
131,117, 797. 50
2,131, 237. 90
9, 285, 859. 23
43, 956.47
54,165. 25
91, 934. 70
175, 975. 04
105, 830. 00
6, 770, 380. 08
1, 872, 023, 259.12
NO. 39.—NATIONAL-BANK N O T E S
New
York.
Month.
•
Boston.
RECEIVED FOR
Philadelphia,
R E D E M P T I O N * DURING E A C H M O N T H
C I T I E S AND OTHER P L A C E S .
Chicago,
Cincinnati, Saint Louis. Baltimore,
OF
THE
New
Orleans,
FISCAL YEAR 1888,
Providence,
Pittsburgh,
FROM T H E
Other
places.
Total..
PRINCIPAL
N u m b e r of
• packages.
1887—July
$2, 215, 430
August
2, 008. 300
Septeraber
1, 780, 443
October
1,752, 135
November.2,046,737
December.
3, 312, 604
1 8 8 8 - J a n u a r y . . . 5, 754, 440
, F t b r u a r y . .. 4, 377, 746
March
3, 078, 797
April
4,421.992
May
6 3G9. 909
June
' 0, 292, 663
$531, 620
731, 420
466, 070
810, 941
1, 070, 920
2, 084, 630
2,627,070
1,113, 900
696, 350
891,780
1, 249, 508
888,180
$694, 811
698, 000
480, 545
500, 609
415,3 84
'491,192
645, 905
535, 700
431, 620
554, 240
C629, 574
623, 673
$401, 500
427, 500
392, 500
421, 000
360,500
351, 600
494,160
411, 600
476, 000
. 459,000
552, 000
762, 300
$245,750
252, 600
231, 580
192, 000
138, 259
105, 300
191,400
153, 000
255, 000
334,100
453, 000
173, 700
$276, 268
201, 000
213, 000
248, 040
204, 000
137,100
148, 500
124, 000
463, 500
441, 500
425, 500
151, 500
$198, 000
214,000
364,000
161, 000
3 85,000
270, 000
323, 000
264, COO
144,000
301,000
321, 000
382, 000
$82, 000
90, 502
130, 000
134, 630
89, 526
92, 541
92, 000
114, 500
117,50O
163, 500
133, 000
88, 000
$62,000
73,500
69, 000
60, 500
65, 000
02,500
76, 000
82, 600
83, 000
77, 700
84, 000
79, 000
$44,150
44, 000
43, 000
55, 939
49, 000
63, 000
47, 000
59, 000
66, 000
69. 600
52, 500
74, 000
$1,251, 862
1, 280,178
1,131, 489
1, 205, 042
1,174, 949
1, 257, 906
2, 033, 028
1, 940, 493
2,115,507
1, 937. 778
2, 032, 632
1, 872, 517
$5, 903, 291
5, 921, GOO
5,101,627
5, 541, 736
6, 799, 075
8, 228, 273
12, 232, 503
9,176, 339
7,916,274
9, 642, 090
12, 302, 623
11, 387, 533
1,345
1,428
1,370
1,460
1,449
1, 681
1,819
1,887
1,943
1,863
2,022
1,877
T o t a l . 43,411,196
13, 062, 289
6, 400, 953
5, 508, 460
2, 725, 689
3, 033, 908
2, 927, 000
1, 327, 699
874, 700
647, 089
19, 233, 381
99,162, 364
20,134
1.117
6.46
5,56
2.75
3.06
2,95
1.34
,88
. 66
19. 40
100. 00
Percentage.
43.78
IN2
PO
O
PO
H
O
W
No.
4 0 . — R E S U L T OI*^ THE C O U N T OF N A T I O N A L - B A N K N O T E S R E C E I V E D FOR R E D E M P T I O N , B Y FISCAL YEARS, TO J U N E 30,
1888.
1-H
Fiscal year.
1875
1876
1877
1878
1879
1880..
1881
1882
1883
1884
1885
1886
1887
1888
Total
Referred and
returned.
Claimed b y owners.
"Overs."
$154, 526, 760.16
210, 032, 975. 26
242,885,375.14
213,151, 458, 56
• 167,665,844,96
63,586,475.68
59, 650,259.43
76, 089, 327.48
102, 582, 656, 73
126, 220, 881, 34
150, 257, 840. 01
130,296, 606.82
87,689,687.15
99, 046, 534. 34
$24, 644.85
16, 491.42
24, 996. 58
37, 649. 20
22,148.42
6,461. SO
13, 231.38
11, 222.13
8, 092, 09
6, 006.30
17, 060.07
26, 528. 97
16, 404.07
14, 749. 28
$20, 223. 50 $1, 620, 557.39
16,176. 26 1, 065, 002. 20
29, 704.43 1, 278, 903,86
384, 372, 22
16, 394. 60
329, 323, 34
9, 906. 35
305, 432,14
9, 868. 97
569, 971. 06
6, 618. 26
672, 427. 09
13, 405,13
727, 282. 98
10,103. 35
455, 333. 05
3, 785. 60
329, 249.19
6, 445, 25
277,194, 78
8, 246.65
464,413.45
22, 366. 00
806, 396.48
2, 741. 70
1, 871, 672, 683.06
244,746.06
175,975.04
"Shorts."
9, 285, 859. 23
Rejected,
$15, 028,12
7, 709. 22
4, 755, 91
3, 997,13
6, 282. 58
7, 870, 23
22, 763.37
3, 832, 35
4, 337. 62
3, 365. 77
3, 636. 49
3, 822. 28
2, 554, 23
1, 979. 40
91. 934. 70
Counterfeit.
Express
charges.
$3, 741, 00.
5,188, 00
6, 634, 00
4, 008. 00
3, 016. 00 $25,842.15
3, 846, 75
9, 938, 41
4, 324. 50
3, 346.03
4,161. 00
1,152.09
4,659,50
726. 84
3, 770. 50
523. 54
3, 560, 00
612.25
2, 720. 00
526. 96
2, 924, 00
573.58
2, 722, 00
716.62
54,165. 25
43, 956.47
N e t proceeds.
$152,891,865.00
208, 955, 392. 00
241,691,373.52
212, 780, 335. 81
157, 303, 622, 96
61, 255, 980.48
59, 066, 468.60
75,405, 581. 95
101, 843, 739.53
125, 760,169.18
149, 931, 396. 90
130,029, 625.12
87, 213, 269. 96
98, 246, 727.42
1, 862, 265, 538.43
O
zn
73
TREASURER.
NO. 41.—MODE OF P A Y M E N T F O R N O T E S R E D E E M E D B Y T H E NATIONAL BANK R E DEMPTION A G E N C Y , B Y FISCAL Y E A R S , TO J U N E 30,
1888.
Transfer
checks.
Fiscal year.
1875 1876
1877
1878
1879 •
1880
1881
1882
1883
1884
1885 . . .
1886
1887
1888
-
1
V
. . .
...
...
- -. -
0
Total
Fractional
s i l v e r coin.
United States
currency.
$58, 825, 756. CO $50, 858, 842. 00
92, 374, 801, 00
40,120. 338. 00
95,212,743.45
34, 588,129.15
75,361,427.23
23, 046,418, 44
51, 718, 253. 06
14, 617, 619. 41
10, 852, 605.53
21,174, 826. 66
22,415, 972, 28
19, 567, 744.21
32,992,144,72
23, 222, 831. 83
56, 018, 447.71
23, 668, 064. 66
77, 991, 916. 83
24, 080, 304. 62
105,840,234.80
19, 236, 730. 27
74,149, 655, 26
9, 204, 752. 76
39, 996, 984, 07
15, 657, 298, 62
53, 463, 333, 36
19,280,725,65
847,214,075,30
338, 324, 626. 28
Counter
redemptions.
C r e d i t i n gene r a l acco a n t .
/
Fiscal year.
1875
1876
1877
1878.
1879
1880
1881
1882
1883
1884 - .
1885
1886
1887 "^
1888
....
. . . .
Total
$100, 000. 00 $24, 066, 844.00
4, 738, 979. 00
19, 078, 209. 00
6, 675, OCO. 00 12, 789, 757, 00
2, 661, 021. 00
12, 609, 083, 76
6, 089, 222. 80
35,148,181. 38
3, 883,417. 60
18, 218, 070. 37
8,936, 232. 92
3, 522, 607. 00
10,106, 238.45
4, 033, 402, 40
12, 428, 692. 86
3, 941, 638. 00
3, 826, 293. 00
12, 960, 221, 66
3,848,090.50
13, 944, 370. 50
8, 385, 485. 00
31, 007, 087, 30
4, 200, 654. 50
24, 768,344, 79
3, 229, 772. 00
20,149, 324. 00
58,135, 682, 80
256, 210, 657. 99
Standard
s i l v e r dollars.
$468, 974. 00
549, 645, 40
52,178. 90
28. 230. 59
85,164, 56
246, 447.42
296, 257. 79
158,127. 60
135,773.22
103, 843. 62
97,670.41
90, 684. 97
$96, 683. 32
174, 831. 85
215, 045. 27
269, 918.44
242,518.37
1, 016, 519.10
482, 500. 35
451,194, 22
248, 970. 92
202, 537.79
2, 312, 998,48
3,399,719. 63
Credit in
redemption
accounts.
$19, 040, 413. 00
52, 643, 065. 00
91, 856, 769. 92
98. 552, 739. 98
50, 581,484. 09
6, 924, 097. 88
4, 313, 702. 36
4, 534, 598. 69
5, 248,120.14
5, 727,786. 37
6, 443, 697. 26
6, 727, 706. 96
2, 243, 346. 65
1, 830, 349.65
Total.
$152, 891, 855. 00
208, 955, 392, 00
241, 591, 373. 52
212, 780,335. 81
157, 303, 622.96
61, 255, 980.48
59, 056,468. 60
. 75,405, 581.95
101,843,739.53
125, 760,169.18
149, 931, 396.90
130. 029, 625.12
87, 213, 269. 96
98, 246, 727. 42
356, 667, 877. 95 1,862,265,538.43
0
No. 42.—DISPOSITION MADE OF T H E N O T E S R E D E E M E D B Y T H E
R E D E M P T I O N AGENCY, B Y F I S C A L Y E A R S , TO J U N E 30,
NATIONAL
1888.
BANK
D e l i v e r e d to t h e C o m p t r o l l e r o f t h e C u r r e n c y .
Returned
Fiscal year. to b a n k s
of i s s u e .
1875..
1876
1877..
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888.
Five per
c e n t , account.
Reducing
account.
Liquidati n g account.
Failed
account.
Deposited
in T r e a s ury.
Balance
on h a n d .
$15,213, 500 $115,109,445
$17, 532, 008. 00 $5; 036, 902. 00
97,478, 700 78, 643,155
29, 927, 900, 00 7, 942, 539, 00
151, 070, 300 62, 518, 600
24,439,700.00 11, 505, 312. 52
162, 437,300 51, 585, 400
11, 852,100. 00 8, 410, 848. S3
112, 411, 800 40, 204, 700
9, 313, 382. 00 3, 784, 589. 29
24, 980, 500 29, 861, 700
7,100, 386. 00 3, 097, 983.77
6, 763, 600 40, 080, 700
12,466, 045. 00 2, 844,107. 37
3, 801, 500 53, 838, 500
16, 978,700. 00 3, 630, 989. 32
15, 572,100 59, 875, 000 $17, 642, 869, 00 $i, i46, 889, 00
4, 674, 927.00 6, 562, 943. 85
26, 255, 500 72,260,700 20,486, 304. 00 2, 869, 060, 00
3, 589, 808. 00 6, 861, 741. 03
45, 634, 800 72, 669, 700 20, 692, 213. 00 5, 236,257.00
5, 769, 080. 00 6, 791,087.93
46, 701,100 54, 532, 935 14, 311,170.00 13, 412, 608. 50
4, 022,497. 50 3, 840, 402.05
20, 786,640 30, 506, 030 19, 647, 970. 50 16, 687, 549.50
1, 259, 942. 60 2,165, 539. 41
17, 453, 780 25, 843. 765 29, 008,271. 00 20, 662,140. 25 $398, 580, 20
275, 350. 30 6, 770, 380. 08
T o t a l . . . . . 736, 561, 120 787, 530, 330 121, 788, 797. 50 60, 014, 504. 25 398, 680. 20 149, 201, 826. 40
74
REPORT
ON T H E
FINANCES.
No. 43.—DEPOSITS, R E D E M P T I O N S , ASSESSMENTS F O R E X P E N S E S , AND T R A N S F E R S
AND R E P A Y M E N T S , ON ACCOUNT O F T H E F I V E P E R C E N T . R E D E M P T I O N F U N D O P
NATIONAL BANKS, B Y F I S C A L Y E A R S , TO J U N E 30, 1888, AND BALANCE OF T H E
D E P O S I T S AT T H E CLOSE OF E A C H YEAR.
Fiscal year.
Deposits.
1875
1876
1877
1878
1879
1880
1881
1882
1883 .'
1884
1885
1886
1887
1888
Total
Redemptions.
Assessments.
$140, 874, 563. 53
177,485, 074. 44
215, 580, 271. 83
205, 308, 371,37
156, 670,138.19
56, 512, 201.10
48, 831, 326. 63
58, 041, 777. 64
76, 307, 727. 55
98, 883, 599.17
117,172, 640.18
103, 359, 393. 61
52, 522. 359.27
43, 290, 223. 72
$130, 322, 945. 00
176,121, 855. 00
$290, 966. 37
214, 361, 300, 00
365,193. 31
203, 416,400. 00
357, 066.10
152,455, 000. 00
317, 942.48
54, 837, 600, 00
240,949.95
46, 844, 300. 00
143, 728. 39
57, 644, 500. CO
126, 212.12
75, 452,100. 00 • 142,508.72
98, 553,100. CO
150, 611. 53
178, 579. 34
118, 745, 200. CO
175, 522.15
100, 794, 895, CO
160, 611.15
51, 261, 200, 00
135,180, 53
43, 379,185. 00
1, 550, 839, 668. 23
1, 524,189, 580. CO 2, 785, 071.14
Transfers and
repayments.,
Balance.
$1, 000,262.76 $9,551,355.77
1, 634,644.11
8, 988, 965.73
782, 797.06
9, 059, 947.19
530,180. 92 10, 064, 671.54
580, 732. 28 13, 381,134.9"
789, 961. 25 14,024,824.87
1, 415, 570. 04 14, 452, 553. 07
978, 047. 03 13, 745, 571.56
1,136, 352. 83 13,322,337.56
1, 314,180.15 12,188, 045. 05
1,077,584.73 . 9,359,32L16
1,552,680.34 10,195, 617.28
3, 327, 246. 34
7, 968, 919.06
1,219,495.34
6,525, 281. 91
17, 339, 735.18
No. 4 4 . — D E P O S I T S , R E D E M P T I O N S , AND T R A N S F E R S AND R E P A Y M E N T S , ON ACCOUNT
. OF NATIONAL BANKS TH.\T H A V E F A I L E D , B Y F I S C A L Y E A R S , TO J U N E 30,
1888,
I {AND BALANCE OF T H E D E P O S I T S AT THE CLOSE OF E A C H YEAR.
Fiscal year.
1867
1868.:
1869
1870
1871 . . .
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885.
.
1886
1887
1888
.
'
Deposits.
.
a
. . .
..
:
Total
......
.. .
....
.
....
. $44,000,00
648,171. 95
653, 220. 20
27, 732, 00
96, 209. 60
1, 473,459.25
474, 701. 25
724,126.64
1,434,065.96
586, 535, CO
856, 988. 25
598,104. 50
814, 870.25
217,008, 00
325, 562. 50
975, 729. 25
452, 787. 50
634,780.CO
837, 413. 00
885,440.00
297, 890, 00
581, 338. 00
13,639,133,00
Redemptions.
$87, 230. 00
584, 762.66
419, 978, 90
122, 227.60
104,159. 50
842, 369. 35
818, 627, 00
458, 510, 00
1,115,693. 00
770, 818. 80
773, 915. 00
752, 497. 60
636,613.50
382,116,50
426, 888, 50
533, 504.50
722, 808. 00
625, 212. 00
703, 785. 50
608, 707. 00
406, 773. 50
437, 793. 20
12, 334, 981. 50
Transfers and
repayments.
I
$99, 323. 00
83,445.00
182,768. 00
Balance.
$20,189.30
253,430.60
158,^935.00
150 985.10
782, 075. 00
438,149.25
703, 765. 79
1, 022,138.75
837, 854. 95
919, 928. 20
765, 535.20
943,791.95
778, 683.45
677, 357.45
1,119, 582.20
849, 561. 70
859,129. 70
893,434.20
1,170,167. 20
977, 838.70
1,121, 383. 50
75
TREASUREE.
No. 45.—DEPOSITS, REDEMPTIONS, AND TRANSFERS AND R E P A Y M E N T S , ON ACCOUNT OF NATIONAL BANKS I N LIQUIDATION, B Y F I S C A L YEARS, TO J U N E 30,
1888, AND BALANCE OF T H E D E P O S I T S AT T H E CLOSE OF EACH YEAR.
Fiscal year.
1867
1868
1869
1870
1871
1872 . . .
1873
1874.
1875.
1876
1877..
1878..
1879..
1880
1881
1882
1883..
1884..
1885
1886
1887
1888
'.
Deposits.
:
:..
:..
.
.'
.
.
.
Total
Redemptions.
$37,490.00
92,198.25
112, 500.00
758, 428. 00
2, 920, 861.00
1, 999, 645. 00
1, 858, 620, 00
2, 561, 283. 00
3, 316, 721.00
2, 607, 643. 00
1, 878, 016.00
2, 561,039. 50
2, 569,228. 00
1, 056,183. 00
1,281, 96L 00
7, 957,752. 00
7, 284, 980. 00
5, 015, 950.50
12, 684, 354.00
35, 202, 542. 75
31, 435, 378. 25
25, 539, 318.10
$5, 600. 00
17,427. 75
38, 430.50
80, 527. 65
1, 203, 367.50
2,531, 784. 55
2,423,151.00
915, 990. 00
1, 974, 954. 00
2,509,466.50
2,405, 317. 00
1, 810, 752, 00
1, 554, 086.50
1,058,414.50
• L 144, 906.40
1, 769, 756. 00
4, 595, 593. 00
5, 746.173. 50
7, 066, 226. 50
14,637, 711. 00
17,313,545.00
20,717,893.25
150,732, 092.35
91,621,064.10
Transfers and
repayments.
Balance.
$31,890.00
106,660.50
180, 730.00
858, 630. 35
2, 576,123.85
2,043,984.30
1, 479, 453,30
$900. 00 3,123, 846. 30
2, 000.00
4, 463, 613. 30
4, 661, 799.80
29, 662. 66 4, 004, 836. 80
163,429. 50 4, 591, 694.80
179,594.00
5,427,242.30
5, 425, 010.80
5,562,065.40
17, 757. 00 11,732, 304.40
14,421, 691.40
531, 900. 00 13,159, 568.40
109, 793. 00 18, 667, 902.90
143, 596. 00 39, 089,138. 65
91, 229. 00 53,119, 742.90
255, 897.60 57, 685, 270.15
1, 525, 758.10
No. 46.—DEPOSITS, REDEMPTIONS, AND TRANSFERS AND REPAYMENTS, ON ACCOUNT
OF NATIONAL BANKS R E D U C I N G CIRCULATION, B Y F I S C A L YEARS, TO J U N E 30,1888,
AND BALANCE OF T H E DEPOSFTS AT T H E CLOSE OF EACH YEAR.
Fiscal year.
1875
1876.
1877
1878 . . . :
1879
1880
1881..
1882..
1883..
1884
1885
1886
1887
1888
Deposits.
Total
$624, 920. 00
401, 266. 00
619, 652.00
260,337.00
572, 060.00
172, 611. 00
1, 517, 446. 00
3, 719,612. 00
1,284,705.00
440, 400. 50
3, 550, 000.00
1, 248, 710.00
842, 723. 00
2,140, 905.50
269, 211, 661. 00 218, 670,123. 00
17, 395,348. 00
<
«
Transfers and
repayments.
$7, 822, 019. 00
21, 044,412. 00
21, 871, 523. 00
9,446, 626. 00
5, 866, 001.00
4, 961, 385. 00
10, 773, 004. 00
14, 505, 346. 00
18, 233,878. 50
20,486, 304. 00
20, 692,213. 00
14, 311,170. 00
19, 647, 970.50
29, 008, 271. 00
$21,164, 854, 00
29, 300, 469. 00
9, 985, 065. 00
6, 080, 650. 00
7, 222, 805.00
13,042,896.00
26, 063, 959. 00
15, 522, 365. 00
16, 200, 398. 00
25, 389, 470. 00
17, 927, 785.00
16, 514, 285. 00
44, 396, 630, 00
20,400, 030, 00
:...'
Redemptions.
Balance.
$12, 717,915.00
20, 572, 706. 00
8, 066, 596.00
4,440,283.00
5, 225, 027. 00
13,133; 927.00
26,907,436.00
24, 204, 843. 00
2U, 886, 657.50
25, 349, 423. 00
19, 034, 995.00
19, 989,400.00
43, 895, 336. 50
33,146,190.00
76
R E P O R T ON T H E
FINANCES.
No. 4 t . — A G G R E G A T E D E P O S I T S , R E D E M P T I O N S , AND T R A N S F E R S AND R E P A Y M E N T S ,
ON ACCOUNT OF NATIONAL BANKS F A I L E D , I N L I Q U I D A T I O N , AND R E D U C I N G C I R CULATION, BY F I S C A L Y E A R S , TO J U N E 30, 1888, AND BALANCE OP T H E D E P O S I T S
AT T H E C L O S E O F E A C H Y E A R .
Fiscal year.
Deposits.
1867..:
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878..
1879.
1880
1881
1882
1883
1884
1885
1886
1887
1888
490.00
740, 370. 20
765, 720, 20
786, 160,00
3,017, 070.60
3, 473, 104. 25
2, 333, 32L 25
3, 285, 409. 54
25, 915, 640.96
32, 494, 647. 00
12, 719, 069. 25
9, 239, 794.00
10, 606, 903, 25
14,-316, 087. 00
27, 671, 482, 50
24, 455, 846,25
23, 938, 165. 50
31, 040, 200. 50
31, 449, 552, 00
52, 602, 267. 75
76,129, 898, 25
46, 520, 686.10
Total
No.
433, 582, 886, 35
48.—PACKAGES OF
Redemptions.
Transfers and
repayments.
$92,830,00
602,180,40
458, 409,40
202. 755. 25
1, 307, 527. CO
3, 374,153. 90
3, 241, 778. 00
1, 374, 500. 00
10, 912, 666.00
24, 324, 687. 30.
25, 050, 755. 00
12, 009, 875. 50
8, 056, 70L 00
6, 401, 916. 00
12, 344, 798. 90
16, 808, 606, 50
23, 562, 279.50
26, 857, 689. 50
28, 462, 225, 00
29, 557, 588, 00
37,368,289.00
50,163, 957.45
322, 526,168. 60
NATIONAL-BANK NOTES
YEAR 1888.
Balance,
$126, 849. 80
434, 160. 60
1,017, 565. 35
2, 727, 108.95
2, 826, 059. 30
1, 917, 602. 55
$900, 00
3, 827, 612.09
626, 920. 00 18, 203, 667.05
401,266,00 25, 972, 360.75
649, 314. 00 12, 991, 361.00
423, 766. 50
9, 797, 513.00
751, 654. 00 11,596, 061.25
172, 611.00 19, 337, 62L25
1, 517,446. 00 33,146, 858.85
3, 737, 369. 00 37, 056. 729. 60
1, 284, 705.00 36,157, 910. 60
972, 300. 50 39, 368, 121.10
3, 759,116, 00 38, 596, 332.10
1, 392, 306. 00 60, 248, 705.85
1, 017, 397. 00 97, 992, 918.10
2, 396, 803.10 91, 952, 843.65
19,103, 874.10
DELIVERED
DURING THE
FISCAL
P a c k a g e s of a s s o r t e d n a t i o n a l - b a n k n o t e s , fit for c i r c u l a t i o n , f o r w a r d e d b y e x p r e s s t o n a t i o n a l
banks
13,562
P a c k a g e s of a s s o r t e d n a t i o n a l - b a n k n o t e s , unfit for c i r c u l a t i o n , d e l i v e r e d t o t h e C o m p t r o l l e r qf
the Currency
,
82,035
Total
No. 49.
-EXPENSES
95,597
I N C U R R E D I N T H E R E D E M P T I O N OF
DURING T H E FISCAL YEAR 1888.
C h a r g e s for. t r a n s p o r t a t i o n
C o s t s for a s s o r t i n g :
Salaries.
Printing and binding
Stationery
Contingent expenses
Total
NATIONAL-BANK N O T E S
$51, 529,76
$86,232.40 ^
2,580.78 ,
687.44
IILIO
89, e n . 72
: . . . - - . 141,14L48
77
TREASURER.
No. 50.—MONTHLY R E C E I P T S FROM CUSTOMS AT N E W YORK FROM A P R I L , 1878, TO
S E P T E M B E R , 1888, AND P E R C E N T A G E OP. E A C H K I N D OF M O N E Y R E C E I V E D .
Silver
Gold
R e c e i p t s , | Gold coin. Silver coin certificates
certificates
Month,
P e r cent.
0,6
6.2
5.4
P e r cent.
0.1
0.8
0.1
Per cent
95,4
76-. 7
60.1
15, 737, 329
4, 8
0.4
' 73.3
19.9
L6
8, 201, 698
10, 249, 459
9,199, 455
8, 387, 976
6, 824, 556
6, 264, 674
4,6
4.3
4.7
5.2
5.9
60,3
0.1
0.3
0.3
0.4
0.3
0.3
65.0
7L0
75.1
64.6
63.7
13.1
29,1
23.5
• 18.6
28.6
28.6
24.9
1.2
0.9
1.3
L2
L5
1.4
49,127, 818
12,0
0.3
6LS
25.2
1.2
7, 659, COO
6,1
2, 2
0,6
0,9
0.6
0.1
0.3
0.2
0,1
0.2
0,2
3.9
0.5
0.1
0.2
0.1
20,4
6.1
2.7
3,3
4,7
6.2
69.5
90.9
96.4
95,1
94,1
93.0
48,216,000
L9
0.2
0.8
9, 335, 000
10, 565,000
11, 472, 000
. . . . 10, 979, 000
8,467, 000
8,175,000
0.3
0,4
0,5
19.5
46.4
66,9
0.1
0.3
0.2
0,1
0.2
,0.2
58, 993, 000
19.8
0.2
11, 969, 000
12, 258, 000
14, 477, 000
11, 818, 000
9, 852, 000
10, 701, 000
68.3
, 63,2
69,0
62.2
52,1
48,8
0,2
0,1
0.1
0.1
0.2
0,1
1 8 7 8 - A p r i l (18th to 3 0 t h ) . . . $3, 054, 364
6, 617,137
May
6, 065, 828
June.Total
July
i
September
October
November
December
•••
Total
ig7g_ January
February
March
April
May
. . .. . .
Total
July
August
Sentember
October
....
November
December
Total
1880—January
February
M a r c h '.
April
May
June.
P e r cent.
2.6
. 15.8
32.6
' United
States
notes.
8, 236, 000
9, 339, 000
8,190, 000
7, 584, 000
7, 208, 000
L 3
1.9
• 0.3
P e r cent.
LS
1.5
1.8
7.0
90.1
15.1
18.6
20.8
2L8
27.4
23.4
84.5
80 8
78.5
58.6
24.1
9.5
2L0
58.7
16.5
21.8
24,9
29,7
27,1
32.9
15.0
14.9
6.0
8.0
20. 6
18.2
Total
71,075, 000
6L4
0.1
26.3
13.2
July
August
September
October
November
December
13, 301, 000
14, 403,000
12, 859, 000
10, 575, OCO
9, 081, 000
9, 234, 000
57.7
55,9
49.9
42.4
45.0
46,2
0.1
0,1
0,1
0.1
0,1
0.2
SL4
37.8
44.6
6L9
50.0
47.8
10.8
6.2
5.4
5.6
4.9
5.8
Total
. . . ; 69, 453, cqo
50,4
0.1
42,9
6.6
1881—-January
February
March.
April
M
ay
•ir- •>
June
Total
10, 573, 000
11, 221, 000
13,196,000
11, 684, 000
11, 051, 000
11, 013, 000
47.5
44.5
47.6
44.5
45,9
39.3
0.1
0,1
0.1
0.1
0.1
0.1
45,1
44.1
47.1
5L5
60,9
57.0
7.3
11.3
5 2
3.9
3.1
3.6
68, 738, 000
46.0
0.1
49.3
5.6
12, 082, 000
15, 206, 000
14,108, 000
13, 019f 000
9, 718, 000
10, 973, 000
38.8
43.5
37.1
35.8
• 62.9
77.1
.0.1
0.1
0,1
0.1
0.1
• 0.1
57.9
62,8.
60,7
62.1
33.8
18.7
3.2
3.6
2 1
2 0
3.2
4.1
75,106, 000
47.6
0.1
49.3
3 0
13, 393, 000
13, 589, 000
14, 000, 000
10, 528, 000
11, 986, 000 i
11, 434, 000
72,9
66.5
75.6
73.5
70.7
68.7
• 0.1
0.1
0.1
0.2
0.2
0.1
20,3
24.8
19.8
22.2
23.4
23.4
6.7
8.6
4 5
4.1
5.7
7.8
74, 930, 000
72.9
0.1
2L2
6.8
July
August
September
October
November
December
Total
1882—January
February
March
April
May
June
Total
78
REPORT ON T H E FINANCES.
No. 50.—MONTHLY R E C E I P T S FROM CUSTOMS, ETC.—Continued.
Month.
Receipts.
Gold c«in. S i l v e r coin.
Silver
Gold
certificates. certificates.
United
States
notes
$13, 730, 000
16,487, 000
14,695,000
13,101, 000
9, 939, 000
10, 381, 000
P e r cent.
66.6
46.1
38.8
18,2
10,3
5.3
P e r cent
0.1
0.1
0.1
0.1
0.1
• 0.1
1. 78, 333, 000
33', 6
0,1
12, 674, 000
12,194, 000
12, 436, 000
9,199, 000
8,155, 000
13, 630, 000
4,2
3,9
6.5
10.8
4.7
3,3
0.1
0,1
0,1
0.1
0.1
0.1
68,187, 000
. 5,3
0,1
14, 609, 000
13, 290, 000
12, 050, 000
11, 616, 000
8, 928, 000
9, 338, 000
2,3
2,7
3.2
2.9'
3.1
2.8
0,1
0.1
0.1
0.1
0.1
0.1
Total
69, 831, 000
2,8
0.1
74.7
16.7
5.7
1884—January
February
March
AprU . . .
May
June
11, 768, 000
12, 069, 000
11, 447, 000
9. 850, 000
9; 289, 000
9,459, 000
2,4
2.1
L8
2.5
3.3
3.1
0.1
0.1
0.1
0.1
0.1
0.1
66.2
67.5
60.7
56.9
46.5
40.0
23,7
22.0
26.4
26.8
35.3
35.6
7.6
8.3
11.0
13 7
14.8
21.2
63, 882, 000
2.5
0.1
57.3
27.8
12.3
13, 111, 000
12, 828, 000
.-... 11, 992, 000
10, 369, 000
7, 717, 000
8, 087, 000
L6
LS
L6
L8
L9
1.7
0.1
0.1
0.1
0.1
0.1
0.1
48.1
44.4
32.4
23.6
18.3
17.9
32.4
32.3
SL4
32.1
42.2
44,0
17.8
21.9
34.5
42.4
37.5
36.3
6i, 104, 000
1.6
0.1
33.1
34.8
30.4
10, 306, 000
10, 461, 000
,. 11, 281, 000
9, 983, 000
9, 523, 000
.
9, 644, 000
Ll
0.8
0,7
0.9
0.7
0.7
0.1
0.1
0.1
0.1
0.1
0.2
26.6
3L4
39.7
38.1
43.0
32. 5
40.5
32.3
34.5
4L3
37.4
33.3
31.7
35.4
25.0
19.6
18.8
33.3
61,198, 000
0.8
0.1
35.2
36.5
27.4
11, 821, 000
12, 700, 500
12,167, OCO
10, 771, 000
8, 730, 000
9, 936, 000
0.7
0.6
0.7
0.8
0.9
0.7
0.2
0.3
0.3
0.2
0.4
0.3
28. >8
47,4
63.4
70,8
56,9
60.5
23.6
13,5
9,8
1L3
13.4
13.8
46.7
38.2
25.8
16.9
28.4
24.7
1882—July
August
September
October
November . . .
December
Total
1883—January
February
Mfl.rr.h
April
May
June
..
Total
>
July.
August
.
September
October.;
November
.......
December... .
Total..
July ..i
August
September
October
November
December
Total
1885—January
February
March
April
May
June
Total
July
August
September
October
November
December.
Total
1886
Januarv
February.
March
April
May
June
...
Total
July
..............
August
September
October .
....•November . . . . . . « « . . . .
December
Total..-
Per cent
P e r cent
24,8
48.2
55.5
32,1
16.2
18.7
Per cent
8 6
5 6
5.6
74
9 5
6 8
24,3
34.8
7.2
72.1
75.1
73,7
65,5
62.2
69.4
15.7
15.9
13.1
17.7
26.1
20.2
7 9
5 0
6.6
6 9
6 9
7.0
70.5
17.7
6.4
" 79.1
73,2
77.8
75,8
67.6
7L3
13.0
18.0
13.9
16.4
22.5
19.4
5 5
6 0
5 0
4.8
6.7
6 4
42.2
63.9
69,1
14.3
30.1
14.8
8.8.
9.2
12.3
15.3
12.6
31.0
47.3
'58.4
66.2
71.4
8L7
27.5
12.2
59.3
2.9
16.5'
67.3
70.8
69.3
66.7
1L3
8.9
9.3
12.0
12.2
15.5
84.8
73.5
22.5
16 2
17.1
16.3
46.5
1L3
41-1
66,124, 500
0.7
0.3
54,6
10, 929, 000
11, 704, 000
12, 512, 000
10, 442, 000
9, 029, 000
11, 887, 000
0.6
0,4
0.6
LO
0.8
0.7
0.3
0.2
0.3
0.3
0.3
0.2
53.3
43.3
3L5
20.2
12.2
4.8
66, 503, 000
0.7
0.3
12, 606, 000
14, 834, 000
12, 944, 000
11, 583, 000
10,175, 000
10, 646, 000
0.7
0.7
0.6
0.7
Ll
L2
0.3
0.4
0.3
0.3
0.3
0.3
72, 688, 000
0.8
0.3
^
^
;
.
79
TREASURER.
No 50.—MONTHLY R E C E I P T S FROM CUSTOMS, ETC.—Continued.
Gold coin. S i l v e r coin.
Gold
Silver
c e r t i f i c a t e s . certificates.
United
States
notes.
Month.
Receipts.
1887—Januarv
' February
March
April
May
.
June
$11, 808, 000
13,112,000
14, 212, 000
11, 656, 000
. . . . . 10,900,000
11, 840, 000
P e r cent.
0.9
' 0.4
0.8
Ll
LO
1.3
P e r cent.
0.4
0.2
0.3
0,3
0.4
0.3
P e r cent.
67,8
74,2
74.5
71.6
72.4
72.6
Per cent
16.2
10.1
11.4
13.4
14,1
12.0
Per cent
14.
15.1
13.0
13.6
12.1
13,8
Total
73,428, OCO
0.9
0,3
72,3
12.8
13.7
July....
August
September
October . .
November
December
12, 714, 000
16, 612, 000
13, 833, 000
12, 392, 000
10,187, 000
9, 789, 000
1.4
0.8
Ll
1.2
L2
Ll
0,4
0.2
• 0,2
0,3
0.6
0.4
76,2
79,9
79,9
78.1
76.4
74.8
10.4
8.8
8.4
9.1
10.8
ILO
11.6
10.3
10,4
11.3
12.1
12.7
..
Total
74, 527, 000
1.1
0.3
77.7
9.6
1L3
1888—January
February
March
April
May
:
June
13, 609, 000
13,150, 000
11, 059, 000
11,176, 000
9, 990, 000
10, 996, 484
0.7
0.6
0.6
0,7
0.9
0.7
0,3
0,2
0.4
0,3
0,4
0.3
77.6
75.8
78.7
73.1
69.6
73.6
ILO
10.3
9.2
12,5
16.1
.14.4
10.4
13.1
ILl
13.4
13.0
ILl
Total
69,880, 484
0.7
0.3
74. 9
12.1
12.0
14,163, 486
13, 860, 960
12,138, 688
0,4
0.5
0,4
0.2
0.1
0.2
83.0
87.6
89.1
8.3
6.5
4,4
8.1
6.3
5,9
July
August
September
No. 51.—SHIPMENTS OF S I L V E R C O I N FROM T R E A S U R Y O F F I C E S A N D M I N T S FROM
J U L Y 1,1885, TO J U N E 30,1888, I N C L U S I V E , AS P E R T H E I R REPORTS TO THIS O F F I C E .
F r o m J u l y 1, 1887, t o J u n e ' 3 0 , 1888.
. Office.
Standard
doUars.
Total
San F r a n c i s c o
,—
Mint, Philadelphia
Mint, N e w Orleans
Mint, San Francisco
Total
Total shinments . . . . .
Total.
Total.
3, 065, 492. 90
2, 069,419. 54
3, 851, 267. 55
2, 496, 089. 26
300. 00
$452, 264.24
133, 000.00
1,120, 589.42
1,093,989.70
829, 586. 02
709, 539. 71
1,447, 698. 57
914, 900. 09
735,198.25
$1,230,281.47
499, 500. 00
4, 317, 546. 77
1, 093, 989. 70
3, 895, 078. 92
2, 778, 959.25
5,298,966.12
3,410, 989.35
735, 498. 25
$1, 568, 427. 29
1, 041,493. 93
9, 558, 534.14
1, 799,156, 46
6, 895, 447.88
5, 956, 420.22
9, 720, 775.10
6,102, 541. 39
2,275,073.42
$2, 798, 708.76
1, 540, 993. 93
13, 876, 080. 91
2, 893,146.16
10, 790, 526.80
8, 735, 379.47
15, 019, 741. 22
9, 513, 530. 74
3, 010,571.67
15,824, 043.83
7, 436, 766.00
23, 260, 809. 83
44, 917, 869. 83
68,178, 679, 66
2, 539,165. 00
590, 690. 00
3,129, 855. 00
2, 905, 500. 00
6, 035,355. 00
2, 551, 349.65
8, 025, 095. 70
14, 000.00
5, 597. 75
2, 556, 947. 40
8, 025, 095. 70
14, 000. 00
6, 216, 574. 73
11, 273,495. 85
3,444, 500. 00
8, 773, 522.13
19, 298, 591. 55
3,458, 500. 00
10, 590,445. 35
5, 597.75
10, 696, 043.10
20, 934, 570.58
31, 530, 613. 68
28, 953, 654.18
8,033,053.75
36,986,707.93
68,757,940.41
105, 744, 648. 34
$778, 017. 23
366, 500.00
3,196, 957. 35
Washington
Baltimore
Nevv^ Y o r k
Philadelphia
Boston
Cincinnati
Chicago . .
Saint Louis
Ne"w O r l e a n s
Fractional
silver.
Silver coin
s h i p p e d from
J u l y 1,1885,
t o J u n e 30,
. 1887.
No.
52.—SHIPMENTS OF
SILVER COIN
SINCE J ONE 30, 1885,
FROM T R E A S U R Y O F F I C E S AND M I N T S , T H E C H A R G E S T H E R E O N F O R
TRANSPOR-
TATION, AND THE A V E R A G E COST P E R $1,000.
F r o m T r e a s u r y offices e a s t of t h e
Rocky Mountains.
Period.
Amount
s h i p p e d for
which
bills h a v e b e e n
rendered.
F i s c a l y e a r 1886.
$21, 805,109, 81
1886—July
August.. September
October..November
December
1887—January . .
. JFebruary.
March
April
May
June
2, 332, 976, 30
2, 684, 976,84
3, 229, 473, 21
2, 675, 041, 04
2, 036, 553. 54
1,786, 970.52
754.54
489. 40
361.10
099. 41
583, 77
2, 036, 481, 35
F i s c a l y e a r 1887.
23,112, 760. 02
1887—July
August...
September
October.-.
November
December.
1888—January ..
February.
March
April
May
June
F i s c a l y e a r 1888
Charges
thereon.
', 774, 76
Average
charge
per
$1,000.
$1.36
F r o m sub-treasury at San Francisco.
F r o m inints.
Amount
shipped.
Charges
thereon.
AverA m o u n t of
age
shipment
c h a r g e a s p e r bills
per
rendered.
$1,000.
$10, 960, 927, 76 $33, 537, 58
$3.06
$795,000.00
Total.
Charges
thereon.
Average
charge
per
$1,000.
Amount
shipped.
$4, 508, 65
$5.67
$33,561, 037. 67
5,54
4,79
6.69
5.86
5.89
6.28
7.72
6.26
6.24
6,70
5,55
6,66
3,100, 172, 25
4, 008, 466. 94
5, 027, 461. 71
4, 793, 537. 34
3,490, 047.44
3, 105, 468.12
1,254, 750. 59
1, 459, 486. 65
2, 243, 858, 60
1, 855, 595. 66
2,160, 080. 92
2, 707, 977. 62
5, 818, 45
6, 502. 55
8, 873,17
8, 490. 56
6, 510. 36
5,149.18
2. 684. 44
2,459. 61
3, 767, 85
3, 435. 39
3, 483,44
6, 278, 38
Charges
thereon.
Average
charge
per
$1,000.
$2.02
~i788
26
77
07
21
31
97
97
29
80
27
77
27
LSO
L24
L41
L52
1,53
L35
LSS
L27
L24
L41
L23
1.34
713, 195. 95
1, 353,490.10
1, 584,488. 50
1, 876,496. SO
1, 205,493. 90
1,129, 497, 60
256, 996. 05
320, 497,25
406, 997. 60
339, 996. 25
398, 497.15
388, 996. 27
2,488,14
2, 951, 08
3, 092,10
2, 995, 35
1, 930.16
1, 547. 56
406, 42
432. 87
534. 96
486, 32
527.97
663.46
3.49
2.18
1.95
L59
L60
1,37
L69
1.35
LSI
L43
1.32
1.70
64, 000, 00
70, OCO, 00
213, 500. 00
242, 000. 00
248. OOO. 00
189, 000. 00
132, 000. 00
115, 500. 00
189, 500, 00
188, 500. 00
186, 000. 00
282, 500, 00
299, 06
335. 70
1, 2-15, CO
],418. 00
1, 459, 90
1,187. 65
1,019.06
723. 45
1,184.10
1, 074, 80
1, 033, 70
1, 880, 65
31, 466. 96
1.36
9,973,642,82
18, 065, 37
L81
2,110, 500. 00
12, 831. 05
6.08
35,196, 902. 84
62, 353. 38
L77
1,861,65
2, 483, 00
2, 376.10
2, 020, 65
1, 479. 90
i, 759. 20
1,152,10
879, 50
1, 612. 70
1, 232. 85
1, 342, 05
1, 826, 85
5,86
6,27
e,52
6,98
6.61
6.17
6.77
6.12
6.06
5,62
6,41
6,64
2, 647, 822,19
3, 923, 618.84
6, 077, 499. 68
5, 341, 551. 57
4, 417, 946.09
3, 451, 003. 96
1, 373,121. 64
1, 577, 844. 30
1, 988, 288.96
1, 882, 381.86
1, 950, 824, 27
2, 364, 804. 67
5, 897, 06
8, 304. 82
l i , 524,10
9, 588. 24
7,607, 42
6,408. 50
2, 603, 59
2, 687, 28
3, 804, 67
3, 351.13
3,70L32
4, 579. 65
2,23
2.12
L89
L79
L72
L86
L90
1.70
L91
L78
L90
L94
6,37
36, 986, 707.93
70, 057. 68
3, 031,
3, 216,
4, 566.
4, 077.
3,120,
2, 413,
1,158
1, SOS,
2, .048,
1, 876,
1, 921.
2, 734.
1, 945,583, 99
2, 694,881.69
3, 633,255. 63
2, 916,164, 47
2. 403,198. 69
2, 032,238, 31
863, 134, 64
1,117, 640, 05
1, 339,171. 71
1, 313,247. 26
1, 387,103.62
1, 715,189. 77
3,355.22
4, OIL 85
5, 660. 53
4, 637. 69
3, 425. 57
3, 048.15
1, 005. 66
1,384.12
1, 806. 69
1,700,91
1, 879. 04
2, 255, 44
1.73
1.49
L60
1,56
L42
L50
LIO
L24
1.25
1,29
1.35
1.31
384, 998.20
832, 997.16
2,179, 993. 95
2,136, 087,10
1, 787,497, 40
1,149, 995, 65
339, 997, 00
316, 494. 25
399, 197, 25
349, 994, 60
354, 395. 65
364, 494. 90
23, 260, 809, 83
34, 070. 67
L46
10, 596, 043.10
680.19
809, 97
487, 47
029. 90
701, 95
601,15
445. 93
423, 66
485. 38
417. 37
480. 23
497.26
1.77
2.17
1.60
1.41
1.51
LSO
LSI
LSS
L21
1.19
L35
LSO
16,060.46
1.51
1,
3,
3,
2,
1,
317, 240. 00
395, 740. 00
364, 250. 00
289,400. 00
227,260. 00
268, 770. 00
169, 990. 00
14S, 710. 00
249, 920. CO
219,140. 00
209, 325: 00
275,120. 00
3,129, 855.00
19, 926, 55
1.62
1.76
L77
1.86
L66
2.06
L68
L68
1.85
L62
L96
oo
O
81
TREASURER.
No. 5 3 . — U N I T E D STATES N O T E S I N T H E T R E A S U R Y AND CERTIFICATES OF D E POSIT, ACT OF J U N E '8, 1872, I N T H E TREASURY AND I N CIRCULATION, AT T H E
•. E N D OF E A C H M O N T H , FROM M A R C H , 1878, TO S E P T E M B E R , 1888.
Total United
States notes in
Treasury.
Month.
1878—March
April
May
June..
July - - :
August
September
October
N ovember
December
1879-January
Febniary
March..
April
M:ay
June
July
August
September
October
November
Deceruber
1880—January
Feliruary
March
April
May
June..-.
July
August
September
October
November
December
1881—January
'
February
March 3.
April
May
June
July
August
September
October.
Noveraber
°
December
1882-^January
February
March .
A.pril
' May
June
July
August. -.
September
October
November
December
. 1883—January
Feljrua'ry
March
April
]^ay
'
June
July
August
;
September
October
November
Deceniber
1884—January
February
March
April
May
'
.\.,
,
•
,
,
,
,
,
H. Ex. 2-—6
327, 341, 75
521, 372,12
695, 892. 66
020, 120. 73
105, 859.19
348, 254, 36
049, 3:i9. 67
175, 605. 84
655, 404.16
582, 505. 38
463, 706. 94
650, 231, 65
370. 677. 54
998, 485.16
142, 335.67
015, 969. 62
791,465.73
597, 606, 37
173, 254,41
522, 567. 20
973, 454. 09
660, 493. 88
299, 562.45
149, 093,12
080, 080, 79
474, 279, 79
833, 019, 97
020, 559,11
099,123, 52
649, 849, 33
148,612,89
418,99-2,71
574, 937, 36
741,818.06
181, 616, 35
206, 600. 52
338.197.63
927, 086, 33
922, 304, 87
204, 092,45
624, 909,88
320,869,01
130,132, 07
281,768.66
401, 078.19
992. 799. 99
714, 394. 46
701. 850.17
371,415.21
627, 824. 31
938,690,18
670, 589. 08
999, 589. 86
883, 940.'65
948,358,4.1
689,196,17
591, 392, 21
454, 394. 86
592, 236. 55
744, 817. 28
878, 561. 26
969, 623. 27
471, 824, 57
498, 839, 42
(iS2, 646, 03
791,765.88
194,420, 01
113,037.33'
874, 644. 35
644, 248.72
156,188. 89
808, 632. 26
904, 652, 22
765, 833.28
731, 840. 75
Certificates
of deposit in
Treasury.
$2, 810, 000
920,000
235; 000
570, 000
460, 000
1, 460, 000
1, 345. 000
180, 000
2,120, 000
1,510,000
755, 000
9, 425, 000
2, 580, 000
1,140, 000
1,155, 000
1, 450, 000
590, 000
960, 000
1, 975, 000
2, 315, OOO
685, 000
425,000
215, 000
670, 000
.175, 000
175,000
600, 000
360,000
590, 000
105, 000
90, 000
150, 000
75, 000
25,000
325, 000
240, 000
40, OOO
275, 000
215, 000
175, 000
210, 000
35, 000
55, OCO
50, 000
70, 000
105, 000
215,000
125, 000
265, 000
75, 000
510, 000
185, 000
130, 000
110,000
10, 000
10, 000
60, 000
210, 000
250, 000
55, 000
15, 000
315, 000
25, OOO
90, 000
75, 000
75, 000
100, 000
80, 000
45, 000
90, 000
520, 000
105, 000
20, 000
Certificates
of deposit in
circulation.
Net United
States notes in
Treasury.
$22, 585, 000 $24, 742, 341.75
27, 835, 000
21, 686. 372. 32
36, 955, 000
19, 740, 892. 66
46, 245, 000
15, 775, 120. 73
51,120, 000
15, 985, 859.19
47,815,000
20, 533, 254.36
39, 545, 000
23. 504, 339. 67
36, 660, 000
28^ 515, 605. 84
35,070,000
28, 585. 404.16
33,190, OUO
26, 392^ 505. 38
40, 445, 000
22,018, 700. 94
36, 675, 000
35. 975. 233.65
25,145, 000
42, 225, 677. 54
30, 905, 000
31, 093, 485.16
25, 880, 000
43, 262, 335. 67
29,355,000
36, 660, 969, 62
40, 250, 000
23, 541, 465.73
34, 375, COO
36. 222, 606. 37
29. 240, 000
18, 933. 254, 41
20,195, 000
17, 327, 567.20
13, 585, 000
16, 388, 454.09
12, 570, 493.88
10, 090, 000
11, 614, 562. 45] 2, 685, 000
11, 095, 000
15, 054, 093.12
8,320.000
35,760, 080, 79
8, 985, 000
17, 489, 279, 79
12,050, 000
18,183, 019. 97
14, 235, 000
18, 785, 559,11
35,075,000
39.024, 123, 62
11, 205, 000
20, 444. 849, 33
9, 885, 000
17, 263, 612,89
8, 625, 000
33.793, 992, 71
8, 460, 000
11,124, 937.36
6, 980,000
8, 761, 818, 06
8,. 630, 000
10, 551, 616.35
7, 640, 000
14, 566, 600, 52
6. 565, 000
14, 773, 197. 63,
8, 255, 000
14, 672, 086. 33
10, 860, 000
16, 062, 304.87
1,1, 650, 000
18, 554, 092, 45
10, 525, 000
39,099, 909, 88
39, 870, 869.01
9, 450, 000
39,025,
132,07
8.105, 000
8. 275, 000
18, 006, 768, 66
17,411, 078,19
8, 990, 000
9, 540, 000 • 36,452, 799. 99
11,330,000
17, 384, 394, 46
11,445,000
18,256, 850.17
10, 925, 000
17. 446, 415. 21
] 0, 990, 000
17, 637, 824,31
12. 065, 000
19, 873, 690.18
3 3,245,000
21, 425, 589.08
12, 220, 000
22, 749, 589.86
11,835,000
24, 068, 940,-65
10,540,000
21, 408, 158.41
9, 835, 000
19, 864, 196.17
9, 835, 000
20, 756, 392, 21
9, 575, 000
18, 879, 394, 86
12, 430, 000
21,162, 236, 65
li; 130,000
2L614, 817.28
9, 465, 000
20, 413, 56L 26
10, 050, 000
20, 919, 623, 27
11, 790, 000
21, 681, 824,57
13,060,000
23, 438, 839,42
12, 885, 000
24, 747, 646, 03
12, 055, COO
25, 736, 765, 88
25, 324, 420, 01
11, 870, 000
12, 545, 000
24, 568, 037, S3
14, 365, GOO
25, 509, 644, 35
14, 480, 000
25,164, 248, 72
16,835, 000
25, 321, 188.89
18,125, 000
27, 683, 632, 26
14, 956, 000
30, 949, 652. 22
14, 920, 000
30, 845, 833, 28
11, 030, 000
27, 701, 840. 75
82'
No.
R E P O R T ON T H E
FINANCES.
5 3 . — U N I T E D STATES N O T E S I N THE T R E A S U R Y AND C E R T I F I C A T E S OF D E P O S I T ,
ACT OF J U L Y 8, 1872, ETC.—Continned.
Month.
1884—June...
July
,
August
September
October
'.
November
December
1885—January
February
March
April
' May
June
July
August
September
October
November
December
1886—January
February
March...'
April
May
Juue
July
August
Septeraber
October
November
December
1887—January
February
March
April
]M a y
June
July
August
September
October
November
December
1888—January . . . . . .
February
March
April
May
June
July
August
September...;
TotalUnited
S t a t e s n o t e s in
Treasury.
$40,183, 801. 75
42, 727. 989. 53
40, 843, 553, 52
36, 524, 872,86
33, 942, 171, 85
32, 200, 683. 43
36, 499, •575,42
43, 958, 468, 83
48, 926, 821. 53
46, 683, 288. 39
46, 865, 690. 08
50, 417, 109.35
45, 047, 378. 94
48, 418, 996. 74
55, 058. 656, 00
51,129, 332. 35
45, 695, 341,31
43, 290, 612. 91
41,731 200,31
47. 890, 388, 92
47,197, 291.92
42, 214, 484, 54
37, 603, 774. 09
• 40, 241, 098. 33
4L138, 316. 79
41,044, 142.-44
46, 774, 647. 22
44, 224, 080,83
38,107, 305. 27
36, 673, 188. 34
29. 679, 325, 78
33, 003, 681. 60
33, 869, 201.91
28, 294, 937. 58
28, 575. 473, 87
30, 757, 376. 30
28, 783, 796, 79
28, 093, 739, 92
28, 287, 638. 90
24,145, 212,17
22, 476, 066. 74
23,153, 220. 39
22, 409, 424, 94
28, 660, 468, 63
33, 482, 086. 72
33, 085, 622, 59
39, 046, 614. 30
46,158, 199. 81
52, 398, 204, 07
.56, 030, 739. 84
56, 225, 392. 78
63, 358, 963, 25
Certificates
of d e p o s i t in
Treasury.
$195, 000
65, 000
150, 000
315, 000
85, 000
120, 000
360,000
45, COO
380, 000
1, 00.5, 000
50, 000
315, 000
200, 000
260, 000
695 000
695, 000
410, 000
210, 000
265, 000
260, 000
385, 000
840, 000
225, 000
585, 000
250,000
470, 000
1, 510, COO
150, 000
20, ono
280, 000
200, COO
100, 000
250, 000
410, 000
160, 000
410,000
310, 000
350, 000
420, 000
350, 000
170, 000
320, 000
130, 000
280, 000
440, 000
650, 000
' 100,000
470, 000
250, 000
100, 000
90, 000
580, 000
Certificates
of d e p o s i t in
circulation.
Net United
•States n o t e s i n
Treasury.
$12,190,000
$27, 993,801.75
13,16.5, 000
29, 562,989.53
14, 270, 000
26, 573,553.62
15, 630, 000
20, 894,872, 86
17, 770, 000
16,172, 171,85
22, 575, 000
9, 625,683,43
24, 760, 000
11, 739,575: 42
30, 085, 000
13. 873,468, 83
30, 200, 000
18, 726,821.53
26,210,000
20, 473,288. 39
2.5, 400, 000
21,465, 690, 08
26, 925, 000
23, 492,109,35
29, 585, 000
1.5, 462,378, 94
31,420,000
36 998, 996. 74
30, 86.5, COO
24,79.3, 656. 00
23,18>, 000
27, 944,332. 35
IS, 145, 000
27, 550,341, 31
17, 555, 000
25, 735,612, 91
13, 790, 000
27,941, 200.11
34,590,000
S3, 300,388, 92
14, 920, 000
32. 277,291.92
11,925,000
30,2-9, 484. 64
11, 515, 000
26, 088,"774. 09
13, 955, 000
26, 289,098 33
18, 250, 000
22, 868.316.79
39,105,000
21.939, 142, 44
I L 195, 000
35, 579,647, 22
7, 705, 000
36,519, 080. ^3
7,140, 000
30, 967,305. 27
7, 025, 000
29, 548,188. 34
6, 510, 000
23,169, 325.78
8, 720, 000
24, 283,683.60
8, ISO, 000
25, 689,201,91
7,135, 000
21,159, 937. 58
8,350,000
20, 225,473. 87
8,990,000
21, 767,376. 30
8, 770, 000
20,013, 798.79
'8, 460, 000
19, 633,739, 92
7,130, 000
21,157, 538, 90
6, 535, 000
17, 610,212.17
7, 215, 000
15, 261,066. 74
6, 835, 000
16, 318,220. 39
6,985, 000
15, 424,424, 94
10, 645, 000
18, 015,468, 63
11, 21.5, COO
22, 267.086. 72
' 8, 915, 000 24, 170,622, 69
10,565,000
28,491, 614. 30
12, 230, 000
33, 928, 199.81
34, 416, 000
37, 983,204. 07
15, 205, 000
39, 825,739, 84
14. 645, 000
41, 580,392, 78
12, 730, OlO
40, 628,963. 25
83
TREASURER,
1^0. 54.—AMOUNT OF GOLD C O I N AND B U L L I O N I N T H E T R E A S U R Y , AND OF G O L D
C E R T I F I C A T E S OUTSTANDING, AT T H E E N D OF EACH MONTH, F R O M M A R C H , 1878,
TO S E P T E M B E R , 1888.
Month.
1878—March
April
May
Juiiie
July
August
September.
October —
November .
December .
,1879—January . . ,
F e b r u a r y ..
March .....
April
May
June
July.......
August
Septeraber,
October ..,
Noveraber
December.
.5880—January ...
F e b r u a r y .,
March . . . .
April ..
Miay
Juue
July
August...
Septeraber,
October
Noveraber
December.
(1881—January ..,
F e b r u a r y ..
Maich
April
,
M ay
June
July
August...
September
October
November
December
<1882—January . .
February .
March
April
May
June
..,
July
August...
September
October
' November
December
1 8 8 3 — J a n u a r y ...
February..
M:arch
;
April
May
June..
July
August
September
October . .
November
December
a 8 8 4 — J a n u a r y ...
February.
March.
April
May
T o t a l gold
Gold certificates
in T r e a s u r y , coin
in t h e T r e a s u r y cash.
and bullion.
$120, 106, 317.17
120, 032, 781.64
122, 917, 907.88
328, 460, 202.87
132, 014, 619,41
334, 548, 036. 53
136, 030, 302. 20
140, 872, 154, 79
142, 400, 135. 29
335, 382, 639.42
133, 756, 906. 65
133, 265, 559.43
133, 416, 125. 85
334, 520, 140. 48
136, 680, 260, 34
135. 236, 474. 62
135, 517, 483. 26
141 546, 390, 52
169, 606, 995. 03
173 ol7, 713. 65
160, 443, 436.80
357, 790, SJ3,84
153, 6f30, 026,43
146, 750, 758. 04
144, 010, 551.50
338, 783, 440. 08
128, 709, 496. 61
326: 345, 427, 20
323, 126, 646, .54
127: 679, 279. 45
135, 244, 833.65
140, 725, 952, 74
151 362, 519, 38
356, 742, 095, 77
154, 544, 209.15
173, 038, 253. 01
173, 668, 163. 08
370, 319, 754, 63
163, 770, 358.17
163, 17L 661, 25
154, 911, 475. 21
169, 495, 521,94
374, 361, 344. 52
172, 989, 829.17
178, 225, 303,41
172, 617, 467, 38
165, 152, 788,62
173, 757, 874. 07
166, 457, 356. 93
355, 069, 102.18
153, 985, 545. 28
148, 506, 389. 95
345, 079, 030. 31
149, 303, 920, 69
152, 739, 106.43
159, 805, 743.54
164, 267, 584, 64
171 504, 568, 39
173, 317, 834, 35
177, 661, 630.86
184, 752, 713. 90
187, 837, 441.93
193, 310, 043. 00
198, 078, 567. 68
202, 774, 035.16
204, 172, 975.33
206, 130, 543.10
209, 429, 939. 90
236, 133, 327. 54
239, 014, 739.63
221, 813, 356.49
221 881, 633.11
211 071. 506.97
396, 325, 62.5.72
201 132, 388.01
$7,179, 200
9, 032, 660
31,235,300
19,469,320
18,170, 420
20, 794, 220
9, 392, 920
9,901,520
9, 84.5,120
391,420
544, 020
400, 220
50, 740
' 62,140
33, 580
133, 880
43,800
120,000
67, 700
213,400
183, 740
740, 960
61,100
327, 300
611, 500
173, 800
. 39, 800
40, 700
32, 600
36, 800
S L 600
.6, SOO
19.320
ISO; 500
60, 080
312, 080
142, 900
1,400
36, 320
23, 400
1,700
. 3,800
9.600
3, 700
8,300
7,900
15, 800
3,000
2, 500
8,100
1.500
14. 990,170
15, 950, 270
25,105, 030
26,107, 300
32, 296, 270
31, 525, 210
32, 935,420
23, 869, COO
22. 571, 270
23, 383, 440
28, 445, 200
27, 480, 300
31, 252, 760
27, 035, 300
27, 446, 780
23, 788, 000
30, 600, 070
35,424, 250
44, 415, 395
39, 686, 780
Gold certific a t e s in circulation. .
$50,', 704, 200
45,, 948, 840
21., 246, 300
24,-, 897, 680
23,I, 852, 980
17,, 222, 380
23,, 433, 680
22,;, 906,480
24,:, 117, 780
21,, 189, 280
17,\ 082, 680
16,i, 379, 280
16,1, 253, 960
15,i, 710, 460
15,>, 380,120
35,I, 279, 820
15,i, 196, 900
15,., 008, 700
14, 843, 200
14,, 377, 600
13,:, 195, 460
11,., 596,140
10,1, 350, 000
9,I, 755, 300
8 , 244, OOO
,, 056, 800
8,
;, 010, SCO
8,
7,•, 963,.900
7.,852,000
',661,300
7,
7,,480,300
7,',447,700
7,•, 381, 380
i, 528,380.
6,
;, 491,400
6,
6,i, 229, 400
i, 028, 900
6,
., 961, 200
5,
5,, 876, 280
-, 759, 520
5,
•', 748,120
6,
5,, 397,120
5,, 239, 320
5,., 204, 220
5,', 199, 620
5,,188,120
i, 180, 220
5,
5,. 172, 320
;, 166, 920
071,120
-, 062, 920
', 029, 020
,016,440
, 992, 040
, 907,440
,370,270
I, 458, 270
', 514, 810
, 669, 640
I, 554, 470
, 444, 510
I, 398, 200
I, 591, 940
I, 807, 370
I, 068, 600
, 547, 540
S 014, 940
!, 076,180
1, 897, 620
;, 585,140
, 462, 620
', 843,430
!, 812,150
1, 700, 805
1,125,480
N e t gold in
T r e a s u r y , coin
a n d bullion.
$69,402, 117.17
74, 003,941, 64
101,671, 607. 88
103, 562,522.87
108,161, 639.41
117, 325,856.53
112, 602,622.20
117, 965,674. 79
118,282, 355. 29
114, im,359. 42
116, 674,226, 65
•116,886, 279. 43
117,162, 166. 85
118,809, 680.48
121, 300,140.14
119,956, 654. 62
120, 320,583,25
3 26, 537,690.52
154, 763,795. 03
157,140, 133.65
147, 247,976. 80
146,194, 181. 84
343, 340,026,43
336, 995,458. 04
13.5, 766,651. 50
130, 726,640. 08
120, 699,196. 51
118,181, 527,20
115, 274,646. 54
120, 018,179,45
127,764, 733. 65
133, 278,252, 74
143,981. 339.38
350.213, 715. 77
148, 052,809.15
166, 808.853.01
167, 639,263, 08
364, 3.58,554.53
1.57,893, 878,17
157, 412,141, 25
149,163, 355. 21
164,-098,401,94
189, 122,024. 52
167, 785,609.17
173, 025,683. 41
167, 429,347. 38
159, 972,568, 62
168, 585,554. 07
361, 290,436. 93
149.997, 982.38
148, 932,625. 28
143,477, 369.95
140, 062,590, 31
144, 311,880. 69
147, 831,666.43
148, 435,473.54
144, 809,314. 64
131, 989,758. 39
125, 648,194.35
135,107, 160.86
141, 308,203.90
139, 439,241. 93
133,718, 103. CO
138, 271,197.68
142, 705,435.16
149, 62.5,435. S3
151,115, 603.10
157, 353, 759.90 •
157, 235, 707.54
165,429,599. 63
144, 350, 736.49
144, 038, 203.11
142, 259, 356.97
139, 624,820.72
• 142, 006,
908.01
84
No.
R E P O R T ON T H E FINANCES.
54.—AMOUNT OF GOLD C O I N AND B U L L I O N I N T H E T R E A S U R Y , AND OF GOLD-
CERTIFICATES OUTSTANDING, ETC.—Contiuued.
Month.
1884—June..
July
August —
September.
October —
November .
December .
1885—January . . .
February..
I March
April
May
June
July
August- —
September.
October:...
November ,
December..
1886—January .,
F e b r u a r y .,
March
' April
• May
June
Jiily
A u g u s t . -.
September
October...
November
December.
J 887—January . .
February .
March .
April
May
June
July
A u g u s t -. September
' October...
November
December.
1888—January ..
•February..
March
April
,
May
June.
July.....:
August —
• September
T o t a l gold
i n T r e a s u r y , coin
and bullion.
$204, 876, 594,15
210, 539, 550. 98
214, 483, 657.17
217, 904, 042. 81
222, 536, 360.43
23li 389, 360. 85
234, 975, 851.95
237, 167, 976. 84
240, 029, 843. 24
241, 440, 796, 37
243, 162, 194. 81
244, 363, 543. 59
247, 028, 625, 25
249, 367, 595, 20
250, 257, 417. 89
251, 251, 114, 54
. 251, 359, 349. 29
251, 945, 578.13
253, 361, 409.48
251, 371, 561. 58
. 249, 801, 087. 53
2^2, 155, 167. 40
• 240,580, 532. 67
236, 424, 734.21
232, 838, 323. 91
233, 651, 522.45
235, 430, 635.24
242, 609, 018.37
246, 832, 148.40
254, 450, 853, 67
268, 128, 018,47
274, 140, 468. 86
275, 088, 626. 45
275, 985, 862.15
275, 336, 916. 90
277, 628, 750, 47
278, 101, 106, 26
281, 296, 417.45
282, 039, 533. 67
290, 702, 629. 70
302, 544, 605.45
302, 661, 278.68
305, 342, 187. 07
307, 809, 156, 27
309, 567, 826, 88
330, 772, 202. 63
312, 801, 287.15
309, 882, 858, 81
313, 753, 616.89
326, 551, 392, 34
331, 133, 430. 44
332, 551, 306. 52
Gold certificates
in t h e Treasu r y cash.
$27, 246, 020
26, 525, 830
29, 70L 980
3.3, 546, 960
32, 477, 750
26,703,060
26, 343, 730
22, 299,'3 50
40, 426. 930
37, 689, 990
28, 625, 290
14, 371, 350
13,593,430
17, 322, 320
16, 606, 230
22, 249, 240
31, 115, 850
34,492, 968
34,350,479
24, 060,709
33,671,010
46, 797, 927
52,396,876
61, 735, 670
55,329,870
52, 258, 360
48,693,980
40, 654, 320
36, 878, 458
34, 469, 694
27, 486,804
18, 843, 632
24, 256, 230
29, 757, 610
28, 905, 040
32,101, 3.58
30, 261, 380
18, 098, 560
23, C08-, 207
29,154,288
32, 858,158
39, 974, 838
31,010, 394
20, 6G8, 210
26, 962,168
29, 651, 464
20, 863, 500
33, 574,110
22,135, 780
30, 234, 688
36,591,3.56
25, 516, 410
Gold certific a t e s in circulation.
$71,146, 640
91,491,490
. 92, 017, 940
87, 389. 660
87, 865, 570
as, 374. 290
93, 287. 420
111, 980, 380
112,683,290
115j 967, 540
125, 234, 800
128, 553, 010
326,729,730
123, 289, 000
323,885,490
118,137,790
109. 020, 760
105, 554, 092
105, 359, 601
116,284,951
105, 637, 050
90, 775, 643
84, 715, 226
80,320, 025
76, 044,375
74,738,517
77,698,347
84,691,807
88, 294, 969
90, 520, 633
97, 215, 605
105, 665,107
99, 958, 365
94,046,015
94, 434, 485
90, 960, 977
91, 225, 437
94, 990, 087
88, 765, 340
97, 984. 683
99, 684, 773
90,780, 7.53
96, 734, 057
104, 853, 971
96,697,913
91,953,949
b9, 561, 293
109,581,730
119, 887, 370
131, 9.59,112
124, 750, 394
134, 838,190
N e t gold i n
T r e a s u r y , coin
and bullion.
$133, 729, 954.15
119,048, 060.98
122, 465, 717.17
130, .514, 382. 81
134, 670, 790.43
138, 015, 070. 85. 141, 688, 431. 95
125,187, 595. 84
127, 346, 553, 24
325,473, 256,37
. 117,927, 394,81 '
335,810, 533, 5^
120, 298, 895, 25^
126, 078, 595,20.
126, 371, 927. 89
133,113, 324. 54
342, 338, 589.29146, 391', 486.13
147, 991, 808.48
336,086, 610. 5 8
144,164, 037. 53
151, 379, 524, 40
365,865, 307. 67
156,'304, 709, 2 1
156, 793, 748. 91
158, 933 005.45'
157, 732, 288.24157, 937, 211.37
158, 537, 179. 40 •
163, 930, 220.57
170, 912, 413.47 '
168, 475, 361. 85175,330, 261.45
183,939, 847.15180, 902, 430.90
386,667, 773, 47
186, 875, 669,26.
186, 306,''330.45
193, 274, 193. 67
192. 717, 946, 70
202, 859, 832.45
211, 880, 525. 68
208, 608, 130. or
202, 955, 184. 27
212, 869, 933. 88
218, 818, 253. 63
213,239, 994,15
200,301, 128.81
393,866, 246. 89
194, 692, 280. 34
206, 383, 036.44
197, 713, 115. 52-
85
TREASURER.
1^0. 55i—AMOUNT OF STANDARD S I L V E R DOLLARS- COINED, I N THE TREASURY,,
AND I N CIRCULATION, AND OF S I L V E R CERTIFICATES OUTSTANDING, AT T H E E N D
OF EACH MONTH FROM MARCH, 1878, TO S E P T E M B E R ,
1888.
Month,
Silver
Silver
Standard
Standard
certificates
s i l v e r d o l l a i s silver dollars certificates
in
t
h
e
T
r
e
a
s
in
t
h
e
in
circulacoined.
u r y cash.
Treasury.
tion.
1878—March
$1,001,500
1810,561
April
$63.'ooo'
3, 471, 500
3,169, 681
May . . .
6, 486, 500
27, 330
$3i4,'7l6"
5, 950, 45i
June.........
8. 573, 500
7, 718, 357
3,4.55,520
7,080
10, 420, 500
2, 647, 940
9, .550, 2.36
July
.' .
August... .
33,448,500
4, 424, 600 " i , * 709,'280
n , 292,849
• September .
16,232,500
12,155,205
3,316,470
7 n , 600
October... .
38,282, .500
33,397,571
2, 639, 5f;0
68, 790
November..
20, 438, 550
34. 843, 219
1, 907, 460
366, 060
December ..
22,405,550
36,704,829
2, 082, 770
413,360
tl879—January
24, 555, 750
37, 874, 457
2,170, 840
400, 340
February. .
26,687.750
19, 505, 767
1,976,320
. 331,860
M a r c h :'.
28, 774, 950
21, 558, 894
2, 074, 830
251,700
:Apnl
31,355,9.50
23, 694, 563
1, 779, 340
197.680
May
S3, 485, 9.50
26,181, 045
1. 922, 820
444,140
June
35, 801, ,000
28,147, 351
2, 052, 470
414,480
July
.
37,451,000
29,151,801
2,014,680
771, 170
August... .
40, 238, 050
30, 678,464
1, 976, 960
1,304,890
Septeniber .
42, 634,100
31,5.59.870
3,045,3.30
1,176,720
October... .
45, 206, 200
32,322,634
4,531,479
1, 604. 371
November ..
47, 706, 200
32, 839, 207
5,173.3 88
3,894,722
December ..
50, 055, 650
33,168, 064
4, 888, 658
3, 824, 252
fl 8 8 0 — J a n u a r y . . . .
52, 505, 650
34,961,611
5, 063, 450
3,989,454
February ...
54, 8 )6„050
36, 972, 093
4,'797,3144, 572, 606
M a i c h ..*
,57, 156,2.50
38, 780, 342
6,611.914
6,017,006"
April
59, 450, 250
40, 4Ix, 673
6, 428, 3.54
6,615,366
May
61,72.3,250
42, 778,190
6, 322, 731
6, 051, 639
June
• C:{, 734, 7.50
44,425,315
6, 584, 701
6. 789, 569
July
66, 014, 7.50
46,192,791 • 6, 758, 331
6, 930, 959
August... .
68, 267, 7.50
47, 495, 063
5, 518, 821
7, 619, 219
September..
70, 508, 7.50
47, 6.M, 675
6, 318, 769
32, 203,191
October... .
72, 847, 7.50
7,333,719
19,780,241
47, 084, 450
November .
75,147,750
47, 397, 4.53
• 8,572,294
23, 504, 986
Deceraber .
77, 453, 005
48,3 90, .518
9, 4.54, 419
36, 127,711
'1881—January
60,235,102
9, 985, 583
36, 814, 637
79, 753, 005
February...
82, 060, 005 • .52,939,460
10, 856, 463
37,027,797
March.... .
84, 359, 506
5.5,176,158
10, 733, 085
39,445,815
86, 6.59, .505
58, 044, 826
31, .522, 208
39,1.57, 932
^P'il
May :
88, 959, 505
60, 518, 273
11,988,710
38,784,540
Juiie
91, 372, 705
62, .544, 722
12. 055, 801
39,110,729
July
93, 622, 705
64, 246, 302
11,181,088
40, 802, 892
August
9.5,922,705
65, 948, 344
11, 516, 432
40, 061, 878
Ser>teraber .
98, 322, 705
66, 092, 667
31,559,730
52, .590,180
October
1.00, 672, 705
C6,576, 378
7, 488, 900
58, 838, 770
N o v e r a b e r . 302,972,705
C8. 017, 4.52
7, 089, 880
59, 573, 950
D e c e r a b e r . 105, 380, 980
69, 589, 937
6, 359, 910
02,335,320
1882—January
107, 680,980
72,421,584
7, 462,130
61,537,540
F e b r u a r y . . 109, 981,180 '
75,138, 957
8, 549, 470
60,125,010
Ma.rch
^ 112, 283, 680
78. 178, 583
. 8,'931, 930
59, 423, 440
April
334,581,660
«1, 695, 056
8, 872, 790
58, 908, .570
May
116,843,680
84, 606, 043
30,509,360
57, 227, 060
June
119,144,780
' 87, 153,816
11, 590, 620
54, .506, 090
July
121,304,780
88, 840, 890
12, 36L 490
64, 757, 720
A u g u s t . . . . • 123,729,780
91,166,249
33,700,3.30
57, 739, 880
Septeraber..
126, 029, 880
92, 228, 649
8, 364, 430
63, 204, 780
October
128, 829, 880
92, 414, 977
7, 987, 260
65, 620, 450
N o v e m b e r . . 130, 629, 880
92, 940, 582
5, 752, 970
67, 342, 690.
D e c e m b e r . . 332, 955, 080
04, 016. 842
4,405,000
68, 443, 660
'1883—Januaiy
135, 405, C8i)
97, 530, 969
4,306;-6.=i0
68, 438, 820
February...
137, 805, 080
300,261,444
5, 268, 550
68, 027, 420
March
140, 205, 609
303, 482, 305
6, 865, 340
70,759,991
April
142, 555, 699
300, 366, .348
8, 887, 260
71,884,071
May
144, 905, m 9
308,898,977
8, 305. 940
71, 727, 391
June
147, 255, 899
131,914,019
1.5,996,145
72, 620, 686
July
113,057,052
36,542,730
73, 728, 681
349, 680, 899
August
3.52, 020, 899
114,320,397
37,276,820
75. 375,161
S e p t e r a b e r . . 354,370,890
114, 587, 372
15, 568, 280
78, 921, 961
October
156, 720, 949
3 36, 0:i6, 4.50
34,214,760
85,334,381
N o v e r a b e r .. 3 59,070,949
317, 768, 966
13,806,610
87, 976, 201
D e c e r a b e r . . 161.425,119
119, 449, 385
13, 180, 890
96, 717, 721
• Net
standard
s i l v e r dollars . S t a n d a r d
i n T r e a s u r y silver d o l l a r s
after
in circuladeducting
tion.
silver certific a t e s iu
circulation
$810, 561
3,106,681
5, 923,121
7,711,277
9, 550, 236
9, 583, 569
31,443,605
33,328,78
14,477,359
36,291,469
17,474,117
19,173, 907
21, 307,194
23, 496, 883
25, 736, 905
27, 732, 871
28,380,631
29, 373, 574
30, 383,150
30,718,263
30, 944, 485
29,343,812
SO, 972,157
32, 399, 487
32, 763, 336
S3, 796, 307
36, 726, 651
38, 635, 746
39, 261, 832
39, 875, 844
3.5,451,484
27,304,209
20, 892, 467
12, 062, 807
13, 420, 465
15, 911, 663
15, 730, 343
18, 886, 894
21,733,733
23, 433, 993
23,443,410
19, 888, 466
13, 502, 487
7, 737, 608
8, 443, 502
7, 274, 617
10,884,044
15, 013, 947
38,755,343
22, 686, 486
27. 378, 983
32, 647, 726
34, 083,179
33,426,369
29, 023, 869
26,794,527
2.5, 597, 892
25,573,182
29, 092,149
32,234, 024
32,722,314
34,482,277
37.171,586
39, 293, 333
39,328,371
38. 945, 036
35, 66.5, 411
30, 702, 069
29,792,765
22,731,664
$190, 939
301, 819
536, 049
ft55,143
870, 264
2,155, 651
4, 057, 295
4, 884, 929
5, 595, 331
5, 790, 721
6, 681, 293
7,181,983
7, 216, 0.56
7, 461, 387
7, 304, 905
7, 653, 649
8, 299,199
9, 559, 586
11, 074, 230
32, 883, 506
34,865,993
16, 887, 586
17, 544, 039
17, 833, 957
18, 375, 908
19, 044, 577
18, 94.5, 060
19, 309, 435
19,821,959
20, 772, 687
22, 914, 075\
26, 763, 300
27, 750, 297
29. 262, 487
29, 517, 903
29,120, 645
29,183, 347
28, 614', 679
28, 441, 232
28, 827, 983
29, 376, 403
20, 974, 361
32, 230, 038
34, 096, 327
34, 9.55, 253
35, 791, 043
35, 2.59, 396
34,842,223
34, 103, 097
32, 986, 624
32, 237, 637
31,990,964
. 32,463,881
32, 563, 531,
33, 801, 23i
^5, 914, 903
37, 689, 298
38. 938, 238
37, 874, 111
37, 543, 636
36, 723, 394
36,189,351
36, 006, 722
35,341,880
36, 623, 847
37, 700, 702
39, 783, 527
40, 684, 499
41,301:983
41, 976, 734
86
R E P O R T ON T H E FINANCES.
No. 55.—AMOUNT OF STANDARD S I L V E R DOLLARS C O I N E D , ETC.—Continued.
0
Date,
Standard
Silver
Standard
silver dollars certificates
silver dollars
in t h e T r e a s in t h e
coined.
.ury c a s h .
Treasury.
1884—January ...'.. $163,775,119 $123,474,748
1>6. 822, 3i99
F e b r u a r y . . . 166,125,119
129, 006,101
M a r c h . . . . . . 168, 425, 629
170, 725, 629
130, 314, 065
April
173, 035, 629
132, 626, 753
May
175, 355, 829
13.5, .560, 916
June
177, 680, 829
137,692,119
July
380,030,829 . 140, 615, 722
August
142, 058, 787
September.. 182,380,829
184, 730, 829
142, 926, 725
October
144, 745, 075
Noveraber.. 187, ISO, 829
146, 502, 865
Deceraber . . 189, 561, 994
191, 947,194
150, 632,154
1885—January
153,561,007
February . . . 194, 247,194
196, 697, 394
156, 698, 482
March
199,107,394
159,441,034
April
201,509,231
162, 244, 855
May........
203, 884, 381
165, 413,112
June
205, 784, 381
166, 499, 948
July
208,259,381
166,854,215
August
165, 483, 721
September.- 210, 759, 431
213,259,431
163, 817, 342
October
105, 568, 018
November.. 215, 759,431
165,718,190
Decembtr . . 218, 259,761
169, 083, 385
1886—January .,.-. 220, 553, 761
171, 805, 906
F e b r u a r y . . . 223,145, 761
225,
950,
761
174,
700, 985
March 3.
228, 434, 121
175, 928, 502
April
231,160,121
178,
2.52, 045
May
233, 723, 286
183,253,566
June
.
23.5,
643,
286
181,
523,
924
July
238, 573, 286
181,769,457
August
181, 262, 593
September.- 241,281,286
244, 079, 386
182,931,231
October
184, 911, 938
November.. 246, 903, 386
188, 506, 238
December . . 249, 623, 647
252, 503, 647
193, 963, 783
1887—January
198.112, 760
F e b r u a r y . . . 255, 453, 647
201, 672, 372
M a r c h . . . . . . 258, 474, 027
261, 524, 027
205, 788, 822
April
264, 474, 027
209, 052, "567
May
266,990,317
211, 483, 970
June....;
267, 440,317
211, 528, 891
July
270, 250,117
213,212,448
August
213, 043, 796
September.. 273, 390,157
276,
816,157
214,175, 532
October
215,882,443
November . . 280,144,157
218, 917, 539
December... 283,140, 367
223,918,380
1888—January . . . . 285, 845, 357
F e b r u a r y . . . 288,545,357- 227, 947, 493
291,355,789
232, 037, 274
March
294, 039, 7y0
236.156, 394
»
April
297, 037. 790
240, 587, 970
May
299, 424, 790
243, 879, 487
June
300. 708, 790
245, 798, 765
Jnly
303, 320,790
247, 859, 402
August
248,791,534
September.. 306, 542, 890
Net
standard
s
i
l
v
e
r dollars
Silver
"Standard
certificates in T r e a s u r y silver dollarsafter,
in circulai n circuladeducting
tion.
tion.
silver certificates in
circulation.
$40, 300, 371
$13,. 179, 020 $96, 958, 031 ,$26,516,717
13, 890,100
96, 247, 721
30, 574, 678
39. 302, 72020, 488, 585
95, 919, 576
33, 086, 525
39, 419, 528
20, 876, 250
9.3, 497, 981
34,816,084
40, 411, 564
19, 936, 620
97, 363, 471
35, 263, 282
40,408,876^
23, 384, 680
96,427,011
39,133, 905
39, 794, 913
25, 265, 980
95,138.361
42, 563, 758
39, 988, 710
26, 903, 230
94, 228, 691
46, 387, 031
39, 415,107
26, 769. 470
96,491,^51
, 45,507,536
40, 322, 042
30, 814, 970 100,741,561
42,185,164
41, 804,104
28, 951. 590 104, 988, 631
39, 756, 544
42, 435, 754
23, 302, 380 " 114,865,911
31, 636, 954
43, 059,12927, 337, 800 113,858,811
36, 773, 343
41,31.5,04029, 951, 880 111,467,951
42, 093, 0,56
40, 686,187
30,861,615 112,820,226
43, 878, 256
39, 998, 912^:
32,141,140 109, 443, 946
49, 997, 088
39,666,360
35, 575, 590 105, 085,186
57,159, 669
39, 264; 37638, 370, 700 101, 530, 946
63, 882,.166
38, 471, 269
40, 340, 980
98, 872, 306
67, 627, 842
39, 284, 43342. 712, 890
96, 079, 296
70, 774, 919
41, 405,166'
3i; 722. 990
93, 656, 716
71,827,005
45, 275, 710
31, 906, 514
93,346, 772
70, 670, 570
49, 442, 089^
32,034, 464
92, 702, 642
72, 865, 376
50,191, 413
31,164,311
93,179,465
72, 538, 725 • 52, 541, 571
33, 978, 767
89,761,609
79,321,776
51,470,376
34,837,660
88,390,816
83,415,090
61,339,855
32, 410, 575
90,122, 421
84,578,564
51, 2.58, 776;
31,141, 055
90, 733,141
85,195, 361
52, 505, 619
30,411,016
89,184,129
89, 067, 916
52, 908, 076
27, 861, 450
88,116, 225
93,137, 341
52, 469. 720
27, 728, 858
87, 564, 044
93, 959, 880
54,119,362
25, 571, 492 . 89,021,760
92, 747, 697
56, 803, 829
22, 555, 990
95,387,112
85,875,4 81
60, 018, 693
17, 562, 302 100, 306, 800
82, 624, 431
61,148,155
14, 337, 285 105, 519, 817
79, 392.121
61,991,448
7, 338, 432 • 117,246,670
71,2.59,568
. 61,117, 40&
6, 737, 388 118,183, 714
75, 780, 069
58, 539, 864
6. 466, 347 121,130, 755
76, 982, 005
67, 340, 887
6, 212, 849 131,930,489
69, 741, 883
66,801,6555, 007, 700 137, 740, 430
68, 048, 392
65, 735, 205
5, 289,164 139,143, 328 • 69, 909, 239
55, 421, 460
3, 425,133 142,118,017
69, 365, 953
55, 506, 347
4, 200,659 144,166,341
67, 362, 750
55. 911, 226.
5, 996, 443 147, 876, 385
65, 336, 063
57, 037, 669.
3,9)9,841 154,354,826
58, 6S8, 970
60, 346, 361
3, 453, 494 160,713,957
53,461,575
62, 640, 625.
4,413,446 168 1^19,274
47, 733,169
.64,261.714
6, 339, 570 3-76, 855,423
42,062,316
64, 222, 818
14, 930, 517 179,321, 053
44,597,327 ' 61,926,977
21,166,469 184, 452, 659
43, 494, 834
60, 597, 864
39,370,425 31*1,526,445
40, 510, 829
59,318.515
18,316,309 194, 426, 932
41, 729, 462
57, 883; 396
20, 458, 423 196, 645, 405
43, 942, 565
56, 449, 820
29.104,396 200,-387, 376
43, 492, 111
65, 545, 303
23, 361, 286 203, 680, 679
42,118, 086
54, 910, 026
16, 528, 762 209, 658, 966.
38, 200, 436
55,461,388
9, 819, 875 218, 561, 601
30, 229, 933
57, 751, 356
No.
56.—COINAGE, M O V E M E N T , AND E X P E N S E OF M O V E M E N T OF STANDARD S I L V E R D O L L A R S , B Y Q U A R T E R S , TO J U N E 30,
Quarter-ending-
Coinage
during the
quarter.
1878—March 31
• J u n e 30
S e p t e m b e r SO
D e c e m b e r 31
1879—March 31
J u n e 30
S e p t e m b e r 30
D e c e m b e r 31
1880—March 31
J u n e 30
S e p t e r a b e r 30..
D e c e r a b e r 31
1881—March 31
:..
- JuneSO
S e p t e m b e r 30
D e c e r a b e r 31
1882—March 31
J u n e 30
S e p t e r a b e r 30
D e c e r a b e r .31
3883—March 31
J u n o SO
S e p t e r a b e r 30
D e c e m b e r 31 . . . . .
3884—Marcb 31
JuneSO
S e p t e m b e r 30
D e c e r a b e r 3JL
1885—March Si
J u n e 30
S e p t e m b e r 30
D e c e m b e r 31
1886—March 31
JuneSO
S e p t e m b e r SO
. D e c e m b e r 31
1887—March 31
JuneSO
S e p t e m b e r 30
D e c e r a b e r 31
3888-March31
JuneSO
Total
Araount
Expense
Total coinage
Expense
t o e n d of ' m o v e d o u t a t of m o v e m e n t p e r $1,000
e
x
p
enseofthe
moved.
each quarter.
out.
Gov^ernraent,
$1, 001, 500
8, 573, 500
16,212,500
22, 495, 550
28, 774. 950
35, 801, 000
42, 634,100
60, 055, 650
57,156, 250
63, 734, 7.50
70, 568, 750
77, 453, 005
. 84, 359, 505
-91, 372, 705
98, 322, 705
105, 380, 980
112, 281, 680
119,144, 780
126, 029, 880
132, 95.5, 080
140, 205, 699
347, 25.5, 899
354, 370, 8S9
161, 425; 119
168, 425, 629
175, 355. 829
182, 380, 829
189, 561, 994
196, 697, 394
203, 884, 381
210,759,431
218,259,761
226, 060,121
233, 723, 286
241, 281. 286
249, 623, 647
258, 474, 027
266,990,117
273, 390,167
283,140, 357
291, 356, 789
299, 424, 790
299, 424, 790
$570, 939
6,468,3 22
8, 642, 540
8, 269, 319
4, 829. 295
10, 878, 058
7, 639, 033
9, 927, 739
6, 236, 378
7,775, 649
9, 993, 817
11, 094, 984
6, 086, 738
6, 612, 802
8, 233, 796
10.114,981
5, 296,132
4, 332. 536
8. 884, 766
18,491,704
10, 909, 534
10.321.889
14. 945, 567
13,711,358
10, 626, 842
14, 676, 051
12, 894, 001
15, 865, 361
12,100, 366
9. 869, 868
28. 932. 564
39, 758, 456
9,912,681
14, 397, 268
17. 033, 783
14, 818, 483
15,437,441
I L 827,983
19, 953,100
14,802,610
12. 917, 794
7, 835, 852
492, 728,180
$2,100.70
15, 625. 23
18, 884. 37
70. 376. 43
23,216.84
5, .516.14
12, 543. 38
24, 633.05
9. 995. 88
11, 856. 02
2L 433, 28
29, 062. 23
9, 415, 21
11, 4:.{6.12
21,278.34
22, 727. 72
9, 364. 29
11, 432. 45
20,781,51
20,031,60
33,707.87
11,284.14
18,794.75
18, 784.99
. 9, 200. 89
16, 768. 83
14, 061. 98
20,914.33
11, 296, 50
23, 922, 00
17, 861.59
167, 268, 87
23,136,16
18, 685, 33
18, 359. 90
39,357.93
16, 929, 27
34,396,36
19,106,94
19, 881, 87
14,372.08
10, 012.18
888, 615. 65
$3. 68
2.42
2.18
8,51
4.81
6,08
1.64
2.48
1,60
1.52
2.15
2 62
1, 85
1,73
2.58
2,25
1.77
2.'64
2,34
1,08
L25
Lll
1.26
1,37
.87
3,07
LOO
L32
,93
2,42
,62
4.21
2.23
1.29
1.07
1.31
LIO
L20
.96
1.34
Lll
1.28
Amount
moved into
Treasury.
5, 803,
6,440,
6, 635,
3, 403,
10,440,
4, 218,
4,114,
4, 748,
6, 842,
6, 389,
4, 746,
6,165,
6, 968,
4, 831,
6, 553,
6, 984,
6, 444,
7, 074,
13, 354,
13, 124,
11, 503,
10, 503,
11,519,
13,383,
14, 300,
32,366,
13,128,
15, 160,
11, 397,
22,128,
32, 492,
11,005,
13, 286,
9, 484,
13, 719,
19, 753,
13,123,
35,312,
10, 926,
17, 822,
11, 609,
1. 80 I 437,182, 877 I
Net
movement
out.
Net
movement
$190, 939
. 684,204
3, 202,152
1, 733, 426
1,425,335
437, 593
3,420,581
6, 813, 356
1, 488, 322'
. 933, 527
3, 604, 640
6, 348, 412
$79; 140
355, 364
3, 402, 055
3, 561, 005
1,687.946
2,112,133
1, 810, 267
5,137, 007
2, 214, 844
1,381,514
4,441,647
2,192, 207
2, 556, 206
375, 385
527,129
2, 737, 087
3, 060, 217
1,527,443
6, 804, 241
7, 265, 861
1,182,435
1,110, .584
7, 548, 973
1, 098, 716
4, 315, 754
1, 295, 508
4, 840, 214
3,876,457
4, 904, 303
3, 773, 212
85, 991, 322 |
1888.
A r a o u n t in
E x p e n s e of E x p e n s e
c i r c u l a t i o n at-| m o v e m e n t t o |p e r $1,000
e n d of e a c h
e n d of e a c h i n c i r c u . lation.
quarter.
quarter.
30, 446, 019
$190,939
855,143
4, 057, 296
5,790,721
7, 216, 066
7, 653, 649
11, 074, 230
16, 887, 586
18, 375,- 908
19,309,435
22, 914, 075
29, 262, 487
29, 183, .347
28, 827, 983
32, 230, 038
35, 791, 043
34,103, 097
31, 990, 964
33,801,231
38, 938, 238
38, 723, 394
35, 341, 880
39, 783, 527
41,975,734
39,419,528
39, 794. 913
40, 322, 042
43, 059,329
39, 998, 912
38, 471, 469
45, 275, 710
52, 541, 571
51, 359,136
52, 469, 720
60, 018, 693
61,117,409
56, 801, 665
55, 506, 147
60, 346, 361
64, 222, 818
59, 318, 515
55, 545, 303
$2.100. 70
17, 725. 93
36,610. 30
106,986.73
130,203.57
135, 719. 71
148. 263. 09
172, 896.14
182, 892, 02
194, 748.04
216,181.32
245, 243. 55
254, 658. 76
266, 094. 88
287, 273, 22
310, 100.94
319,465,23
330, 897.68
351,679.19
371,710.79
385, 418. 66
396,702.80
416,497.55
434, 282. 54
443. 483.43
459, 252, 26
473, 314. 24
494, 228. 57
506, 625, 07
629, 447, 07
647, 308. 66
714, 677, 53
737, 713. 69
756, 399.02
774, 758. 92
794,116, 85
811,046.32
825,242.48
844, 349. 42
864,231, 29
878, 603, 37
888, 616, 55
$1L 02
20,73
9.02
18:47
18.03
17.73
13.39
10. 24
9.95
10.09
9,43
8.38
8.73
9.23
8.92
• 8.66
9.37
30.34
10.40
9.55
10,50
1L22
10.44
10.35
13.25
1L64
1L74
11.48
12.64
13.76
12.09
13.60
14.36
14, 42
12,93
12,99
14.28
14.87
13,99
, 13, 46
14.81
16,00
PO
zn
PO
W
PO
oo
88
REPORT ON T H E FINANCES.
No. 57.—AMOUNT OF FRACTIONAL S I L V E R C O I N I N T H E T R E A S U R Y AT T H E E N D O F
, EACH MONTH FROM M A Y , 1879, TO S E P T E M B E R , 1888.
Month.
1879—May
June
July
August
• Septeraber.
October..'..
November.
December .
1880—January . .
.February..
M arch
April......
May
June
July.......
August
September.
October
Noveraber
December .
1881—January . . .
February..
MHi-ch
April
May
Juiie
July
.August —
Septeraber.
October
Noveraber.
December ,
1882-January . . .
February..
March . . . .
A pril.:
May
June
July
August
^('pteraber
October
Noveraber.
December
1883—.Tau'uary..
Februaiy..
March. J..
April
May
J vine
July
August —
September
Oitober . .
Niivember
Dcceuiber
1884—January . .
Month.
Amount.
813, 5^9, 32
903, 401, 36
731, 765. 97
236, 724, 48
814, 308. 94
7.55, 986. 76
432, 478.13
881, 629.16
204, 809. 83
179, 312. 32
989,814.48
767, 672. 95
577, 091. 99
350,481,80
975, 713. 52
362,97L89
799, 925. 40
629, 489. 89
653, 530, 37
769, 057, 32
490,914,88
813,0.58,08
283, 891, 96
493, 612. 56
841, 956. 74
247, 696. 93
295, 486. 63
042, 806, 63
313,113, 63
984, 687. 76
918, 252, CO
963,643.48
567, 873. 37
896, 906, 26
187,680. 67
439,183. 93
75.5,92.3.83
048, 630, 58
153, 9.56.16
900, 387, 75
426,139. 93
749, 432. 45
544, 544. 43
521,692,20
135. 244. 74
507. 275, 78
865, 993. 79
068, 628, 88
303.196. 20
486. 001. 05
058,141,67
819,711.70
7.50,361.13
712,424.35
969. 614. 40
224,126. 33
014, 414. 76
Amount.
1884—February..,
March
April
,
May
:...
Juue
,
July
August
September.,
October
^ N o v e r a b e r ..
D e c e r a b e r ..
1885—January
February..,
, March
April
May
June
July
,
August
September.
October
Noveraber .
December .
1886- - J a n u a r y
February..,
M a r c h . .*
April
May
,
June
,
July
August
September.,
October
November.,
Deceraber .
1887- - J a n u a r y —
February..,
M a r c h 3.
April
May
June
July
August....
Septeraber.
October
Noveraber .
D.eceraber .
1388- - J a n u a r y . . .
February ..
March
.'
A pril
May
June.
'.
July
August
September.
No. 58.—CHANGES DURING T H E F I S C A L YEAR
|.^28, 490. 906. 91
28, 866, 5.56. S3
29, 358,480.47
29, 377, 206. 41
29, 600, 720, 06
29, 797; 485, 76
29, 659, 003, 38
29, 474,160. 89
29. 346, 757, 24
29, 143, 283, 48
29, 394, 355. .62 V
29, 901,304.54
30, 244, 836,12
SO, 632, 326, 20
30, 944, 048. 8 1 .
31, 694, 364, 80
31, 238, 899. 49
25, 35.5, 020, 23
24, 724, 287, 43
23. 641, 893,79
22, 965, 53.5, 70
27', 920, 309, 44
•27, 796, 430, 88
29, 013, 993, 71
28, 813,037.49
28, 822, 637, 63
28, 864, 482, 89
28, 912, 277, 34
28, 904,681,66 '
28, 584, 624, 69
27, 9.56 991. 95
26, 899, 745. 20
26, 300, 335. 88
25, 808, 067. 32
25, 660, 935. 44
26, 323, 524.61
26, 482, 472. 31
26. 601,613,74
26. 891,076.57
27, 064, 742. 87
26, 977,493.79
26, 691,105.74
26, 148, 531. 34
24, 984, 219.17
24, 468,135.17
24, ,358,003.77
24,, 327, .528, 62
25,, 019, 973, 04
25,, 355, 431. 80
25, 566, 279. 65
,2.5, 750, 228. 33
25, 878, 872. 04
26, 051, 741,19'
26, 034, 462, 25
25, 746. 758.95
24,, 738, 695. 68
1688 I N T H E F O R C E E M P L O Y E D I N
TH12 TRKASUREii's O F F I C E .
Total force of the Treasurer's Office June 30, 1887
Appointed
Transferred to the Treasurer's Office
-
:....
-•
281
29
6
35
Died .••
Resigned
'
Renu»ved
Transferred frora the Treasurer's Oftice ,
Total force of the Treasurer's Office June 30, 1888
6
13
7
7
S3
-
283
89
TREASURER.
No. 59.—APPROPRIATIONS MADE FOR, AND SALARIES PAID TO, T H E F O R C E E M P L O Y E D
IN THE
TREASURER'S OFFICE DURING THE FISCAL YEAR
Roll on which paid.
Tbtal
.
<
Expended.
Balance
unexpended.
$283, 684. 80 $273,484, 50
$10,200.30
Appropriated,
Regular roll
. .
Reimbursable: Force employed in redemption of nationalbank notes
77, 060. 00
,
'
1888.
69, 652, 01
"1, 377, 99
360, 744, 80 . 343,166.51
, 17, 578. 29
No. 60.—NUMBER OF D R A F T S ISSUED ON W A R R A N T S DURING T H E FISCAL YEAR 1888.
Class.
No.
6,592
3,792
6,644
2,515
4, 283
4,884
2,398
War
Navy
Interior
Interior civil
Oustbms
' Treasury —
Diplomatic ..
No.
Class.
2.928
2,376
3,941
65
Internal revenue .
Quarterly salaries
Judiciary
Public d e b t . . . . . . .
Total
40,438
61.—LETTERS, TELEGRAMS, AND M O N E Y PACKAGES R E C E I V E D AND TRANSMIT-
T E D DURING THE FISCAL YEAR 1888.
Received by mail:
Letters containing money (registered)
Letters containing money (not registered)
18, 063
4, 037
Letters not containing money
22.100
130,455
1
Total
352,555
Transmitted by mail:
Manuscript letters
Registered letters containing money
Printed forms filled in (inclosing checks)
iPrinted forms filled in (inclosing drafts)
Drafts mailed without forms
Printed forms filled in without inclosu res
Printed notices inclosing interest checks
Certificates of deposit without forms
Printed forms, circulars, and reports
Total
,
-.'.
J
•.
Telegrams received
Telegrams sent
Money packages received by express
Money packages sent by express
PostoiBfice warrants signed .and registered
Transfer orders issued
'.
-
6, 582
5,407
16,304
26, 946
13, 472
197, 331
199, 739
52,176
65, 600
573,457
6,308
1, 641
34, 829
34, 638
92,570
1, 453
(JN^o. 2 . )
REPOET OE THE BIEECTOR OF THE MIHT.
TREASURY DEPARTMENT,
B U R E A U OF T H E M I N T ,
Washington^ D, C, November 1, 1888.
S I R : I have the honor to submit a report of the operations ofthe mints
and assay offices under my charge for the fisca.l year ending June 30,
1888, beiug the sixteenth annual report of the Director of the Mint,
and the fourth ofthe same series prepared by me.
/
DEPOSITS AND PURCHASES OF GOLD AND SILVER.
The gold deposited at the minis and assay offices of the United States
duringthe fiscal year 1888, not including redeposits, was 3,882,120.497
standard ounces, of the value of $72,225,497.56, against $68,223,072.87
in the preceding year, an excess of $4,002,424.69 over the fiscal year
1887.
In addition, there were redeposits of the value of $8,668,959.11. Of
the redeposits of gold, $4,395,315.84 represents the value of unparted
bars, the product of the minor assay offices of the IJnited States, and
$4,273,643.27 of fine bars bearing the stamp of the United States assay office at 'New York, redeposited—principally at that institution.
The total deposits of gold during the fiscal year 1888, including redeposits as above cited, were 4,348,077.049 standard ounces, o f t h e
value of $80,894,456.67.
The deposits and purchases of silver, not including redeposits, were
35,518,839.97 standard ounces, of the coining value of $41,331,014.66,
against $47,756,918.75 in the preceding year.
In addition, there were redeposits of silver of the coining value of
$491,831.79, ofwhich $275,189.75 consisted of unparted bars, principally
of the minor assay offices, and $216,642.04 o'f fine bars.
The total deposits aud purchases of silver were 35,941,507.92 standard
ounces, of the value (calculated at coining rate in standard silver dollars) of $41,822,846.45.
The value of both the gold and silver deposited and purchased at the
mints and assay offices during the fiscal 3^ear, not including redeposits,
was $113,556,512.22, and including redeposits, $122,717,303.12.
A statement of the value of the gold and silverreceived at the mintis
90
DIRECTOR
OF T H E
91
MINT.
and assay offices of the United States (not including redeposits) during^
each fiscal year since 1880 is here appended:
V A L U E OF THE GOLD AND S I L V E R (NOT INCLUDING R E D E P O S I T S ) R E C E I V E D
; AT THE M I N T S AND ASSAY O F F I C E S DURING THE F I S C A L YEARS 1880-1888. ^
Fiscal years.
Gold.
1880
1881
1882
1883
1884
1885
1886
.
.
. ..•
*
.•
.
.
'
1887
1888...
.
.
.'
$98, 835, 096
130, 833; 102
66, 756, 652
46, 347,106
46, 326, 678
52, 894, 075
44, 909, 749
68, 223, 072
72, 225, 497
Silver.
$34, 640, 522
3^0, 791,146
I s , 720, 491
36,869,834
36, 520, 290
36, 789, 774
35, 494,183
47, 756, 918
41, 331, 014
Total.
$133 475,618
161,624,248
100, 477,143
83, 216, 940
82, 846, 968
89, 683, 84980, 403, 932
115, 979, 990'
113, 556, 611
Of the gold received at the mints and assay offices during the
year, $32,406,306.59 was classified as of domestic production, against
$32,973,027.41 in the preceding year. A reduction of a little over half
a million dollars in the production ofthe United States is thus indicated.
The foreign gold bullion deposited aggregated $21,741,042.44, and
the foreign gold coin $14,596,885.03; a total of $36,337,927.47, against,
$32,467,840.98 in the year preceding.
/
The value of the United States light-weight gold coin deposited,
principally by individuals, for recoinage,-was $492,512.60.
Old material was deposited in the ibrm of jewelry, bars, plate, etc.,
containing gold of the value of $2,988,750.90.
Of the silver bullion deposited and purchased, $37,393,648.34
(32,135,165.79 standard ounces) was classified as of domestic production j and 29,671,470.54 standard ounces, of the coining value oi
$34^526,803.02, consisted of fine bars bearing the stamp of well-known
private refineries in the United States, but, as explained in previous
reports of this series, and more elaborately in the reports of the Director
of the Mint on Production of the Precious Metals in the United States,
tlie classification at the mints of silver bullion is inexact, for the reason
that fine silver bars purchased from private refineries in the United
States are all necessarily-classified at the mints asof domestic production, while as a matter of fact they are to a l a r ^ extent composed,
as fbr several years they have been, of silver obtained from ore and
bullion imported from Mexico.
The silver bullion classified as foreign bullion received at the mints
during the year was $1,668,384.25 (1,433,767.71 standard ounces).
Foreign silver coins of tlie value of $87,336 (75,054.37 standard ounces)
were melted at mints of the United States during the year.
United States silver coins, consisting almost entirely of transfers from
the Treasury of worn and uncurrent subsidiary coins and old silver
dollars, were melted, of the value, at coining rate in standard silver
dollars, of $494,155.64 (424,665.01 standard ounces). In addition, trade
dollars were received and melted of the coining value in silver dollars
of $ 1,060,174.11 (911,087.13 standard ounces).
Old material, consisting of plate, jewelry, etc., was deposited, containing silver of the value of $627,316.32 (539,099.96 standard ounces).
S2
R E P O R T ON T H E
FINANCES.
. COINAGE.
'
Coinage durino^ the fiscal year 1888 consisted of 109,030,547 pieces,
of the value of $63,719,242.32. I t was executed at the mints at Philadelphia, San Francisco, and New Orleans.
The gold consisted of 2,350,534 pieces, ofthe value of $28,364,170.50,
of which $16,301,740 was in double-eagles; $8,9!')8,260 in eagies;
#2,995,510 in half-eagles; $34,098 in $3.pieces; $15,682.50 in quartereagles ; and 18,880 gold dollars.
The silver coina.ge consisted of 32,718,673 dollars; $2,836.50 in halfdollars; $194,668.25in quarter-dollars; and $1,219,917.50 in dimes.
The subsidiary coinage amounted to 12,983,521 pieces, ofthe value of
:$1,417,422.25.
The minor coinage consisted of 15,207,173 five-cent nickel pieces, ot
the nominal value of $760,358.65 j 45,573 three-cent nickel pieces, of the
-nominal value of $1,367.19; and 45,725,073 one-cent bronze pieces, of
the nominal value of $457,250.73 ; the total minor coinage amounting to
<)0,977,819 pieces, of the nominal value of $1,"218,976.57.
The coinage of the fiscal year exceeded in number of pieces even the
large coinage executed the preceding vear, being 109,030,547 pieces in
1888 against 98,122,517 in 1887.
The mint at Carson was not open for coinage during the year, its
operations having been limited to those of an assay office with an acid
refinery.
The coinage of the mints was as follows:
COINAGE, FISCAL YEAR
'
Gold
Silver dollars
Subsidiary silver coins
Minor coins
' Total
Description.
1888.
Pieces.
.
.
:
--
Value.
• 2,350,534
32, 718, 673
12, 983, 521
60, 977, 819
$28, 364,170. 50
32, 718, 673. 00
1,417,422.25
1, 218, 976. 57
109, 030, 547
63,719,242.32
In the Appendix will be found the usual tables exhibiting the coinage
l)y mints and by denomination of pieces during the fiscal year 1888
;and the calendar y?aT 1887.
A table will also be found showing, by institutions and by denomination of pieces, the coinage each calendar year since the organization of
the Mint in 1792, brought forward to the close of the fiscal year 1888.
This tabulation, first compiled in 1887, and printed in the Keport of
the Director of the Mint for the fiscal year, is now presented in the Appendix with an explanatory note, it having transpired that at the several
mints it has not been invariably the practice, as now imperatively required, to complete all coiner's deliveries within the year ofthe date of
coin. All coinage statements, on the other hand, are of coin delivered
by coiners to superintendents, the sum delivered within a given year
being entered as the coinage of that year. Thus it has happened that
coinage entered as of a given year has included unreported coin of the
preceding year, or (in case of failure of continuity of coinage), indeed,
of another anterior year.
*
. What justification, if any, can be found for such a practice, so subversive of a tabulation of coinage strictly accurate as to year of date,
DIRECTOR
OF T H E MINT.
93
is probably in section 3536 Eevised. Statutes. This law provides the
limit of deviations in weight, known as tolerence or mint remedy, in
terms of one thousand pieces. As " deliveries by the coiner to the
superintendent" are specifically mentioned, justification has perhaps
been found for carrying over from the year of date a number of coins
within the legal tolerance of a single piece, but not of a thousand pieces.
Such a practice has been by way of alternative from a condemnation
of coin at the end of a year which at any other period would pass the
requirements of law, and which have heretofore been held for subsequent averages.
To obviate thfe objections to the practice above indicated the following instructions have been given to superintendents of the several
coinage mints:
In order t h a t registration of coinage of the mints of the Uniteci States shall be in
exact agreement with the calendar year of date, all coin in the cnstody of the^ coiner
shaU be delivered to the superintendent on or before the last day of the calendar
year in which struck, and be recorded as the coinage of t h a t year.
No coin bearing date of a preceding year shall remain in the custody o f t h e coiner^
MANUFACTURE OF GOLD AND SILVER BARS.
In addition to the coinage executed during the year, gold and silver
bars were manufactured as follows :
,
'-
BARS M A D E ,
1888.
$51,765,436. 55
7, 647, 578. 27
Gold..
Silver.
Total .
59, SIS, 014. 82
Corresponding values for the preceding year were as follows:
BARS MADE,
1887.
$58,188, 953. 66
6.481,611.25
Gold..
Silver.
Total .
64, 670, 564. 91
With the exception of imparted bars of the minor assay offices,
mostly shipped to the mint at Philadelphia for refining and coinage^
the bars were manufactured mainly at the assay office at New York.
The value of the bars made at that institution during the fiscal year
was as follows;
BARS M A D E AT T H E ASSAY O F F I C E AT N E W YORK, 1888.
Gold..
Silver.
Total.
$46, 763,125. 71
6. 057, 364.87
52,820,490.58
In the Appendix will be found the usual tables showing the weight
and value, as well as the character, of the bars manufactured at each
mint and assay office during the year.
94
' R E P O R T ON T H E
FINANCES.
MEDALS AND DIES MANUFACTURED.
The number of medals manufactured at the mint at Philadelphia
during the fiscal year ended June 30, 1888, was as follows:
'
MEDALS MANUFACTURED,
1888.
Gold....
Silver..
Bronze.
124
531
742
Total.
1, 397 .
- Th(9 number of medals sold was 1,409, of the value of $6,088. Proof
sets of the coinage of the year were sold to. the number of 4,001, for
which was received $4,610.68, also 1,129 single pieces, for which was
received $3,370.75. The net profit on the sale of medals and proof
coins was *$3,253.64.
One thousand one hundred and sixty-six coinage dies were ma;nufactured at the mint at Philadelphia: 111 for gold, 332 for the silver dollar,
176 for subsidiary silver, 521 for minor coins, and 26 for proof coins.
ISTine medal dies were made.
The cost of manufacturing dies for coinage of the mints at San Franoisco and !N"ew Orleans was reimbursed the appropriations of the mint
at Philadelphia from the appropriations of the institutions for which
the dies were prepared.
In the Appendix will be found the usual statement, exhibiting in
detail the dies manufactured for each of the coinage mints.
EXCHANGE OF GOLD BARS FOR GOLD COIN.
As provided in the act approved May 2Q, 1882 (22 Stats., 97), gold
bars have been exchanged at the mint at Philadelphia and at the assay
office at New York for deposits of United States gold coin, presented
in sums of not less than $5,000.
The value of the gold bars exchanged for gold coin at the mint at
Philadelphia was $486,881.25, and at the assay office at Kew York
^15,360,105; total, $15,846,986.25, against $7,604,059.89 in the preceding fiscal year.
^ T h e large increase in the value of bars exchanged at the assay office'
at New York, being more than double the amount in the preceding
fiscal year, indicates an increased demand for gold bars for export, the
principal purpose of the exchange.
The value of gold bars exchanged at the two institutions for gold coin
is exhibited in the following table:
* Includes $676.54 of prior years not previously credited.
DIRECTOE
OP T H E
95
MINT.
F I N E GOLD BARS E X C H A N G E D F O R GOLD C O I N AT THE M I N T AT P H I L A D E L P H I A AND ASSAY O F F I C E AT N E W YORK FROM J U L Y 1, 1887, TO J U N E 30,
1888.
Pbiladelphia.
New York.
Total.
1887.
July
August
September
October
N o v e m b e r •.
December
$20, 072.10
45,169. 65
35,122. 68
50,174. 07
46,178. 62
25, 089.33
$413, 560. 75
608, 936. 36
^ 672,920.50
697, 899. 09
494. 096.28
327,997.22
$433, 632. 85
654,106. 01
708, 043.18
748, 073.16
539, 274. 80
353, 086.55
60, 211. 36
35,161. 07
40,163. 38
50, ] 96. 76
.40,142.67
40,199. 76
457, 991.84
563, 566. 29
887,852.37
456, 312.29
6, 579, 753. 94
3, 209, 218. 07
518, 2 0 ^ 20
688, 727. 36
486, 881. 25
15, 360,105.00
1888.
January
February
M a r c h '.
April
May
June
,
Total
. 928,015.75
506, 509. 05
6, 619, 896. 51 •
3, 249, 417. 83
15, 846, 986.25
• R E F I N I N G Bl^ ACIDS.
The acid refineries of the coinage mints, including the mint at Carson,
and the assay office at New York, operated on 6,729,419 gross ounces of
the precious metals, containing gold and silver of the coining value of
$29,748,566.30.
The number of ounces of gold and silver and the value of the bullion
delivered to the acid refineries during the year were as follows:
P R O D U C T OF A C I D E E F I N E R I E S ,
Standard
ounces.
Bullion.
Gold
Silver
.
1888.
:...
i
Total
Value.
1, 251. 033.237
5,563,189.300
$23, 275, 036. 95
6, 473, 629. 35
6, 814, 222. 537
29, 748, 566. 30
The total value was against $30,397,422 in the preceding year, a
slight decrease.
The following table exhibits the weight and value of the bullion
treated by refineries of the several mints and the assay office at New
York:
R E F I N I N G ( B Y ACIDS), F I S C A L Y E A R
Silver.
Gold.
M i n t or a s s a y
office.
Gross
ounces.
841,015. 65
Philadelphia...
S a n F r a n c i s c o . 1, 386, 662.03
786, 363.16
Carson
11, 825. 80
New Orleans...
3, 703, 553.00
New York
Total
1888.
Total value.
Standard
ounces.
Value.
Standard
ounces.
Value.
243, 243. 783 $4, 525,465.73 630, 575. 30 $733, 760. 34 $5, 259, 226: 07
277, 485. 322 5,162, 517. 62 1, 227,42L 83 1, 428, 272. 67 6, 590, 790. 29
45, 438. 046
845, 358. 99 766, 376. 23 891, 783. 24 1, 737,142. 23
74, 313.21
8,317.94
9, 679. 06
3,474.086
64,634.15
681, 392. Ooo 12, 677, 060. 46 2, 930, 498. 00 3, 410, 034. 04 16,087,094.60
6, 729, 419. 53 1, 251, 033. 237 23, 275, 036. 95 5, 563,189. 30 6, 473, 629. 36 29, 748, 566. 30
96
REPORT
ON T H E , FINANCES.
SILYER PURCHASES. "
During the fiscal year 27,235,601.06 standard ounces of silver bullion^
at a cost of $23,398,466.06, was delivered upon purchases by the Secretary of the Treasury through the Bureau of the Mint upon offers
made-Tuesday and Friday of each week. The average cost per standard ounce/Was $0.8591129 or $0.9545699 per ounce fine.
Computed from cable quotations received daily by the Bureau of the
Mint, the average London price for silver .925 fine, British standard,
was 43.675 i)ence, which at the average rate for sterling sight exchange,
$4.8602, equals $0.8607 per ounce .900 fine. United States standard.
Upon purchases by the superintendents of the mints at Philadelphia,
San Francisco, New Orleans, and Carson, at rates fixed from time to
time by the Director of the Mint; was delivered 837,360.83 standard
ounces of silver at a cost of $723,683.70.
. By purchase of silver parted from gold deposits, by bar fractions, and
by charges on deposits of silver for return in fine bars, 133,844.02
standard ounce's was acquired at a cost of $115,403.44.
The total amount of silver bullion delivered upon purchases for the
coinage of standard silver dollars was therefore 28,206,805.91 standard
ounces and the cost $24,237,553.20, an average cost per standard ounce
of $0.8592803, equal to $0.9547559 per ounce fine.
The amount and cost of the silver bullion delivered upon purchases
are exhibited in the following table:
B U L L I O N F O R THE S I L V E R DOLLAR COINAGE,
Standard
ounces.
Mode of acquisition.
Purchases Treasury Departinent Bureau of the Mint
Purchases at niints .
*
Partings, bar charges and fractions
Total delivered on purchases
Balance J u l y l 1887
,
.
1888.
....
..
.....
Available for coinage of silver dollars during fiscal year 1888..
Cost.
27, 235. 601. 06- $23, 398, 466. 06
723, 683. 70
837, 360. 83
115,403.44
133, 844. 02
28, 206, 805. 91 - 24, 237, 553. 20
4, 052, 268. 68 .'3, 560, 848. 97
32, 259, 074. 59
271798, 402.17
The increase in purchases at mints arose from the fact that the superintendent of the mint at San Francisco was authorized to purchase
quantities exceeding 10,000 ounces.
On the 1st of July, 1887, the amount of silver available for the silver
dollar coinage was 4,052,268.68 standard ounces, costing $3,560,848.97.
Adding to this the amount delivered upon purchases, as show:n in the
above table, 28,206,805.91 standard ounces, costing $24,237,553.20, gives
the total amount available during the fiscal year for the silver dollar
coinage, namely, 32,259,074.59 standard ounces, costing $27,798,402.17.
The accompanying table exhibits the amount and cost of silver bullion delivered at the several mints:
DIRECTOR
OF T H E
97
MINT.
D E L I V E R I E S ON P U R C H A S E S OF S I L V E R BULLION,
Standard
ounces.
Mints.
Philadelphia
NewOrleans
...
.
16, 635, 443. 94
9,784,268.84
..
Sah Francisco
Carson
Total
1888.
1,753,466.92
33,626.21
.
..
.
28, 206, 805. 91
-.
Cost.
$14, 275, 836. 81
8, 407, 095. 32
1 5'>5 393.37
29, 227.70
24, 237, 553.20
The number of silver dollars manufactured was 32,718,672*, containing
28,117,608.74 standard ounces of silver, costing $24,310,749.68.
"The OT^erative wastage in this coinage was 18,117.80 standard ounces,
costing $15,250.97, and there was sold in sweeps 39,877.82 standard
ounces, ofthe value of $34,496.61. The gross consumption of silver in
the silver dollar coinage was 28,175,604.36 standard ounces, costing
$24,360,497.26.
. .
Upon the silver dollars coined during the year there was a seignorage
of $8,407,922.32.
The amount and cost of bullion available for the silver dollar coinage at the coinage mints, June 30, 1888, are sliown in the following
table:
BULLION FOR S I L V E R D O L L A R COINAGE ON HAND J U N E 30,
Standard
ounces.
Mints. .
Philadelphia
N e w Orleans . . . .
Sah F r a n c i s c o
Carson
.
.
.
.
Total
:
1888.
Cost.
2, 819, 695. 94
' 1, 081, 020.10
104, 484. 61
78, 269. 59
$2, 370, 688. 56
906, 060.20
91, 300. 79
69, 855. 36
4,083,470.24
3,437, 904. 91
The Appendix contains tables showing by months the amount and
cost of silver delivered on purchases, the amount and cost of silver,
used, and the number of silver dollars coined.
PRICE OF SILVER.
/
.
•
At the beginning of the fiscal year, July 1, 1887, the London price of
silver was 44 pence. A demand for bar silver both on Indian and continental account tended to raise the price on the 21st of July to 44-i^e
pence. Owing to a decline in Indian exchange, a reaction took place,
the price having closed on the 31st of the month at 44J pence.
Subsequently a progressive rise in the price followed an improvement in rates for Indian exchange. The price rose on August 26 to
45-fV, the highest reached during the fiscal year.
ThG price again declined early in September to 44J, and after advancing to 44-|, ranged from September 20 to October 18 from 44J to 44J
pence.
• Exclusive of one for Mint cabinet.
H, Ex. 2
98
R E P O R T ON T H E
FINANCES.
Toward the end of October the price declined, and during the month
of I^Tovember fluctuated between 44 and 43-i^6 pence.
Owing to increased demand for shipment to the East, the price on
December 19 reached 45^ pence, closing on the 31st at 44^ pence. .
In January, 1888, commenced a decline which continued steadily with
slight fluctuations until the 19th of May, when the price reached 4 1 |
peilce, the lowest price of which this Bureau has record.
During the remainder of the vear the price gradually advanced,
closing June 30.ar 42J pence.
.
According to daily cable quotations to the Bureau of the Mint, the
average London price of silver daring the year was 43.675 pence, equivalent, with exchange at par ($4.8665) to $0.95741 per fine ounce. At this
rate the bullion value of the standard silver dollar was $0.7505; or
$0.7661 at the highest price (45^^ pence), and $0.7057 at the lowest
price (41f pence).
The highest, lowest, and average price of silver in London each
month during the fiscal yeaiy compiled from daily cable dispatches to
the Bureau of the Mint 5 and also the equivalent values of an ounce
of fine silver at par,of exchange, and at average monthly rate of exchange, and a similar exhibit for the calendar year 1887, are set forth
in the following tables:
.
H I G H E S T , L O W E S T , AND A V E R A G E P R I C E I N L O N D O N OF S I L V E R BULLION,
925 THOUSANDTHS F I N E , AND V A L U E OF A F I N E OUNCE, EACH MONTH, D U R I N G
F I S C A L YEAR 1888.
[Compiled from daily telegraphic cable dispatches to the Bureau of the Mint.]
J
Date.
1887.
July
Highest.
Lowest.
Pence.
Pence.
44/s
August
September.
October
November.
45x^H
December..
45^
1888.
J a n u a r y . ..
February..
March
44A
431
April
May .......
m
42f
June
421
45
44^
44
44r%
Average ...
m
44i
44/H
4S-H
.
43f5
4311
44x\
43i§
43
42^
m
42
Average
price per
ounce
British
standard.
.925.
Pence.
44.148
44. 570
44. 642
44.159
43. 840
44. 368
Equivalent
Average
inU.S.
money, p e r m o n t h l y
o u n c e fine,
price at
w i t h ex- N e w Y o r k
change
ofexchange
at par
on L o n d o n .
$4.8666.
$0. 96777
0. 97702
0.97860
0. 96802
- 0.96102
0.97260
$4.8443
4.8394
4. 8394
4. 8478
4.8506
4. 8521
44.380
44.033
43. 293
42. 669
42. 048
42. 092
0.97286
, 0.96525
0. 91903
0.93535
0. 92174
0. 92271
4. 8637
4. 8613
4. 8757
4. 8754
4. 8867
43. 675
0. 95741
Eouivalent
i n U. S.
m o n e y of fine
bar silver
1,000 fine.
b a s e d on average monthly quotations.
w i t h exchange at
average
monthly rate.
Average
monthly
New Y o r k
p r i c e of
fine
b a r silver.
$0.96335
0.97154
. $0.96417
0. 97232
0. 97287
0. 96442
0. 95788
0.96972
0. 97458
0.96625
0.96020
0.96980
. 0.97219
0.96421
0. 95083
0.97342
4. 8857•
0.93709 •
0.92577
0.92633
0.96630
0. 95514
0.94085
0.92803
0.92639
4. 8602
0.95617
0. 95782
DIRECTOR
m
O F T H E MINT.
H I G H E S T , L O W E S T , AND A V E R A G E P R I C E O F S I L V E R B U L L I O N , 925 T H O U /SANDTHS, F I N E , I N L O N D O N , A N D T H E V A L U E O F A F I N E O U N C E , E A C H
MONTH, D U R I N G THE CALENDAR Y E A R 1887.
[Compiled from daily .telegraphic cable dispatches to the Bureau of the Mint.]
'
Tilonth.
Lowest.
Highest.
Equivalent
Average
i n U . S.
price per
ounce
o u n c e fine,
British
w i t h exstandard.
change at
.925 fine. par, $4.8665.
,
: 1887.
Pence.
-3'anuarv.. February..
m
47
March . . . . .
April
:May
June
July
Pence.
46i
August
^September.
October...November.
December .
Pence.
$4.8616
$1 02560
4. 8848
4.8712
1.02669
. $1.02620
1.02792
. 99706
1.00093
4. 8724
43. 580
. 96374
. 95532
. 96490
. 95658
.95845
43.968
. 96383
4.8538
. 96130
m
44i.
44.148
. 96777
4. 8443
. 96335
44. 570
. 97702
4. 8394
. 97154
.96417
. 97232
44/^
43if
44. 642
44.159
43. 840
. 97860
. 96802
.96102
4. 8394
4.8478
. 97287
. 96442
. 97458
. 96625
44. 368
.97260
4.8506
4. 8521
. 95788
. 96972
.96020
. 96980
44. 681
. 97946
4. 8576
. 97766
. 97899
46. 833
46. 660
$1. 02663
1.02284
46/^
441
46x\
44^
43i
45.440
.99610
43.964
43-11
44i
43xV
43f
451%
45
44^
44
mh
45^
43ig
44/^
Equivalent
in U . S.
m o n e y of fiue
Average
b a r silver.
Average
rnontiilv
1,000 fine,
montlily
based on av- N e w Y o r k
p r i c e ;'.t
N e w Y o r k e r a g e m o n t h - p r i c e of
of e x c b a n g e ly q u o t a t i o n s . fine b a r
w i t h exon L o n d o n .
silver.
Change a t '
average
monthly rate.
Average.
4. 8729
CIRCULATION OF SILVER DOLLARS.
.96500
.
.96207
'
The following is a comparative statement of the total number of silver dollars coined, held by the Treasury for redemption of certificates,
held in excess of certificates outstanding,, and the number in circulation
«July 1, 1887, and subsequent dates:
COINAGE, M O V E M E N T , AND CIRCULATION O F STANDARD S I L V E R DOLLARS.
In the Treasury.
Total
coinage.
Period.
-July 1, 1887....
January 1, 1888
J u l y 1, 1888....
October 1, 1888.
$266, 990,117
283, 295, 357
299, 708, 790
306, 750, 890
Held for pay- Held in excess
ment of
of certificertificates out- cates outstanding.
standing.
$142,118,017
176,856,423
200, 387, 376
218,561,601
DISTRIBUTION OF SILVER
$69, 365,953
42,062,116
43,492,111
o 30,229,933
In circulation.
$55, 506,147
64, 377, 818
55, 829, 303
57, 959, 356
DOLLARS.
The following table shows the number of silver dollars on hand at
t h e several coinage mints July 1, 1887, coined during the year, dis
100
REPORT ON T H E FINANCES.
tributed under section 3527 Eevised Statutes, and the number transferred to and from the United States Treasury :
DISTRIBUTION OF S I L V E R DOLLARS,
In mints July 1, 1887
Coinage of fiscal year
Transferred from sub-treasury
Total
New Orleans.
Carson.
35, 386,110 . 18, 788,015
18, 514, 673 2, 304,000
5, 000, 0.00
8,163, 744
11, 900, 000
9,821
62,347, 690
32,718,6735, 000,000
63, 900, 783
4, 000, 000
26, 092, 015
20, 063,744
9,821
100, 006, 3634,000,000'
49, 900, 783
47, 016, 836
26, 092, 015
25,142, 074
20, 063,744
11, 850, 034
9,821
5,315
96,066,363
/ 84, 014, 259
2,883,947
949, 941
8, 213, 710
4,506
12 052 104
Philadel-,
phia.
Period.
^
Available for distribution
In mints June 30, 1888
Distributed from mints
•
1888.
San Francisco.
. Total.
The above table shows the distribution from mints of 12,052,104 silver dollars during the year, an excess over distribution of the preceding year of 1,150,176.
Owing to the crowded condition of the vaults at the sub-treasury a t
San Francisco^ 5,000,000 silver dollars were transferred to the mint in
that city. .A transfer of 4,000,000 silver dollars was made from themint at Philadelphia to the Treasury of the United States.
SUBSIDIARY SILVER COINAGE.
The balance of silver bullion available for subsidiary coinage on
hand at the mints at San Francisco and Philadelphia July 1, 1887, wa^
2,756,323 standard ounces, the cost of which was $3,167,212.07. Nearly
all of this bullion was derived from trade-dollars transferred in 1887
melted for recoinage.
During the year transfers for recoinage into subsidiary coin were
made from the Treasury to the mints at San Francisco and Philadelphia^
of worn and uncurrent silver coin of the nominal value of $535,355.99 j.
and of 745,690 trade-dollars redeemed.
The number of ounces at standard fineness contained in the worn and
uncurrent silver coin and trade-dollars transferred from the Treasury
to the mints at Philadelphia and San Francisco, and the cost of the^
metal contained therein, are shown in the following table:
SILVER COINS T R A N S F E R R E D F O R COINAGE INTO SUBSIDIARY COIN, 1888.
Uncurrent coin.
Mint.
Philadelphia
San Francisco
Total
Standard
ounces.
Cost.
Trade-dollars.
Standard
ounces.
Cost.
Total.
Standard
oances.
Cost.
c86.0,234. 80 $1, 022, 257. 05c351, 905.90 $437, 830. 05.
508, 328. 90 $584,427
182. 55
I
146.72
182. 55^
I
146.72
62,181.70
77, 364. 50 140, 383. 50 161, 263 202, 565.20
238, 627. 50414, 234. 32
515, 377.10
648,712.40
745, 690 1, 062, 946.72 1,261,067.10^
101
DIRECTOR OF T H E MINT.
The following table exhibits the standard weight and cost of bullion
^tised, and the nominal value of the subsidiary coins- manufactured a t
ithe mints at Philadelphia and San Francisco during the fiscal year:
AMOUNT, COST, AND' NOMINAL V A L U E OF SUBSIDIARY S I L V E R COINAGE, 1888.-
Sources from which bullion was deri^"ed.
Standard
ounces.
Cost.
Total value
of coinage, -
MINT AT P H I L A D E L P H I A ^
Trade-dollars transferred
Bullion transferred
... .
- ..............
^
...
-
T 01 al
:
$408, 565 40
328, 381 44
338, 378. 76 ' 388, 897. 88
463.51
459. 78
$408, 565.40
421, 000. 00
• 572.05
667, 222 97
797, 926. 79
830,137.45
62,181. 70
409, 848 45
77, 364. 50
471,-007.26
77,364. 60
509, 920. 30
472, 030.15
548,371.75
587, 284.80
485, 929. 90
^859, 905 13
463 51
485, 929. 90
930,920. 30
572. 05
MINT A T SAN F R A N C I S C O .
W^orn and uncurrent coins transferred
Trade-dollars transferred
•
Total
:
TOTALS.
•
Worn and uncurrent coins transferred
Trade-dollars transferred . . . .
Bullion transferred
.
. . ..
.
390, 506.14
748, 227 20
459 78
1,139, 253 12 , 1, 346, 298. 54 1, 417, 422. 25
Total
Precedence having been given at the mint at Philadelphia to the
mandatory coinage of silver dollars, that institution was unable to meet
the demand for dimes. The inint at San Francisco was therefore called
•upon to execute a coinage in diuies, of which $395,284.80 was coined.
It was also found that the stock of quarter dollars held by the sub-treasury at San Francisco was likely to be soon absorbed. The same mint
therefore coined during tbe fiscal year from trade-dollar bullion on
hand $192,000 in this denomination of subsidiary coin. This coinage
was increased to $250,000 in August, 1888.
The following table shows the denominations and value of subsidiary
'Coin manufactured during the fiscal year:
SUBSIDIARY COINAGE, FISCAL YEAR
Denominations.
Half dollars
Quarter dollars
Dimes
'.
-
Total
1888.
Pieces.
5,673
778, 673
- - " 12,199,175
12, 983, 521
Value.
$2,836.50
]94,668.25
1,219, 917! 50
1, 417, 422. 25
.
The seignorage upon subsidiaiy coinage during the j-ear is shown in
the accompanying table:
SEIGNORAGE ON SUBSIDIARY COINAGE, 1888.
From
lars
From
From
recoinage of half and quarter dollars coined prior to 1853, and of silver dolcoined prior to 1873, and other uncurrent coin
trade dollars transferred
silver buUion purchased
$68. 09
71,015.17
108. 54
Total :
71,191.8
102
REPORT
ON T H E
FINANCES.
The standard weight and cost of silver bullion available for s u b sidiary coinage at the mints at Philadelphia and San Francisco June 30.,
,1888, are set forth in the following table:
S I L V E R FOR
SUBSIDIARY COINAGE ON HAND AT COINAGE M I N T S J U N E 30,1888..
'
Mints.
T o Lili.
Philadelphia.
Character.
Standard
ounces.
Sah F r a n c i s c o .
Cost.
Standard
ounces.
Cost.
Standard
oances.
Cost.
W o r n and uncurrent
23, 521. 53 $29,264.74
23, 521. 53
$29, 264. 74
T r a d e - d o l l a r bullion 2, 438, 848. 40 2, 802, 955. 80 214, 984. 25 $247, 065. 57 2, 653, 832. 65 3,050, 021.37
Bullion transferred2 694 52
2,662.42
2, 662.42
2,694.62
2, 465, 032.35 2, 834, 915. Oo'su 984. 9.5
Total
TRADE-DOLLAR
247, 065. 57 2, 680, 016. 60 3, 081, 980. 63^
RECOINAaE.
Trade dollars redeemed under the act of March 3,1887 (24 Stats.^
634) and remeited yielded 6,687,690.71 standard ounces of silver bullion, of which there has been recoined at Philadelphia and San Francisco to June 30 of the current calendar year. 994,978.45 standard
ouuces, or 14.87 per cent., namely, $1,040,920.30 of dimes, $194,500 of
quarter dollars, and $2,500 of half dollars.
Tlie seignorage or profiton this recoinage from March 3, 1887, to June
30, 1888, aggregates $94,438.67, a net gain of about 8.3 per cent., tha
average abrasion being about .006 per cent.
The following tables, with others in the Appendix (pp. 180-183),,
brought down to date of thi^ report, exhibit the recoinage of trade
dollars:
CONVERSION OF T R A D E DOLLARS INTO B U L L I O N .
I ' i s c a l y e a r 1837.
Standard
ounces.
Value.
,
Total.
F i s c a l y e a r 1888,
Standard
ounces.
Value.
Standard
ounces.
Value.
T r a d e dollars r e d e e m e d
a t T r e a s u r y a n d subt r e a s u r i e s a n d transferr e d to—
!
C 506,702.00 $582,556.00
M i n t a t P h i l a d e l p h i a . 2,475,462.00 $2, 844, 813 \ * 1,626.90
1,87L00 2,983,790.00 $3,429,240.00764,263.00'
665,020.20
603, 000 140,383.50 161,263.00
M i n t a t San F r a n c i s c o 524,636.70
A s s a y ofiice a t X e w
2,781,877.21 3,200,000 257,002.40 295,533.00 3,038,879.61 3,495,533.00'
York
..:
5,781,975.91 6, 647, 813 905,714.80 1,041,223.00 6,687,690.71 7,689,036.00'
Total
R e c o i n e d t o J u h e 30,1888—
M i n t a t P h i l a d e l p h i a . 206, .563.75
M i n t a t San F r a n c i s c o • 40,187.50
257, 000
50, 000
338,378.75
409,848.45
246,75L25
307, 000
748,227.20 .930,920:30 . 994,978.45 1,237,920.30
U n c o i n e d J u n e S O , 3888—
Mint at Philadelphia.
M i n t aD S a n F r a n c i s c o
A s s a v office a t N e w
Y^rk
421,000.00
509,920.30
544,942.50
450,035.95
678,000.00^
559,920.30
2,438,848.40 2,802,955.80214,984.25
247,065.5T
3,038,879.61 3,495,533.00'
5,692,712,26 .6,545,554.37-
' Transferred from Mint at New Orleans (October, 1887).
DIRECTOR OF
RECOINAGE
OP T R A D E - D O I X A R
BULLION.
San Francisco.
Philadelphia.
Pieces.
103
THE'MINT..
Value.
Pieces.
Total.
Pieces.
Value. -
Value.
F i s c a l y e a r 1887:
500, ,000
$50, 000. 00
3, 070, 000
$307, 000.00
4,160, 000
10, 000
6, 000
416,000.00 3,179, 203
2,500.00
768, 000
2, 500. 00
317, 920. 30
192, 000. 00
7, 339, 203
778, 000
5,000
733, 920.30
194, 500. 00
2, 500. 00
4,175, 000
421, 000. 00 3, 947, 203
509, 920.30
8, 122, 203
930, 920.30
6, 745, 000
678, 000. 00 4,447, 203
559, 920. SO
1,547,353
151, 735. SO 1,000,000
232, 000
100, 000. 00
58, 000. 00
2, 547, 353
. 232,000
254, 735.30
58, 000.00
1,547,353
154.735. SO 1, 232, 000
158, 000.00
2, 779, 353
312, 735. 30
832, 735. 30 5, 679, 203 • 717,920.30
13, 971, 556
1,550,655.60
2, 570, 000 $257, 000.00
Dimes
F i s c a l y e a r 1888;
Dimes....
Quarter dollars
Half dollars
T o t a l t o J u n e 30,
1888
11,192,203. 1, 237, 920.30
J u l y I t o N o v . 30,1888:
Dimes
Quarter dollars
...
A g g r e g a t e t o N o v . 30,
1888
..
. . . 8, 292, 353
SEIGNORAGE
ON RECOINAGE
OF T R A D E - D O L L A R
BULLION.
Philadelphia.
San F r a n c i s c o .
$19,613.68
$3, 809. 82
31,720.85
190.61
190. 63
24, 261.14
Total.
F i s c a l y e a r 1887:
Dimes
F i s c a l y e a r 1888:
Dimes
Quarter dollars
Half dollars
$23, 423, 50
14,65L91
55, 981. 99
14, 842. 55
190. 63
32,102.12
38, 913. 05
71,015.17
51, 715. 80
42, 722.87
94, 438. 67
J u l y 1 t o N o v e m b e r 30, 1888 :
Dimes
Quarter.dollars
11,799.23
7, 631. 22
4, 426.10
19, 430. 45
4, 426.10
11, 799. 23
12,057.32
23, 856. 55
A crgregate t o N o v e m b e r 30 1888
63, 515. 03
54,780.19
118, 295 22
-i.
"•
T o t a l t o J u n e 30, 1888
.
SEIGNORAGE ON SILVER COINAGE.
The seignorage on the coinage of silver dollars, being the difference
between the qost of the bullion and the nominal value of the coins,
during the fiscal year 1888, amounted to $8,407,922.32.
The seignorage on subsidiary silver coins manufactured was $71,191.80, of which $71,015.17 was'derived from melted trade dollars recoined; $68.09 from recoinage of halves and quarters of date prior to
1853, and of mutilated silver coins. The remainder of the profit,
$108.54, accrued on coins manufactured from purchased bullion.
The seignorage on the entire silver coinage of the year was $8,479,114.12.
104
'
REPORT ON THE' FINANCES.
The balance of silver profits remaining in the mints at the close of
the fiscal year 1887 was $150,645.95, which added to the seignorage of
the year makes the gross profits to be accounted for $8,629,760.07.
Ofthis the sum of $28,961.96 was paid for expenses connected with
the distribution of silver coins, and $23,157.52 was used to reimburse the
operative loss of silver and the loss of silver in sweeps sold. There
was deposited in the Treasury of the United States $8,435,550.14, leaving dn hand June 30, 1888, in the coinage mints at Philadelphia, San
Francisco, and New Orleans the sum of $142,090.45, which balance has
since been deposited in the Treasury. The numbers of certificates of
deposit are cited in the table of seignorage printed in the Appendix.
The seignorage o n t h e coinage of silver from July 1, 1878, to June
30, 1888, has amounted to $47,536,681.02.
Adding the balance of silver profits in the coinage mints July 1,
1878 (the beginning of the fiscal year following the passage of the act
providing for the coinage of the silver dollar), namely, $424,725.47; and
also the sum of $9,237.54 refunded by Adams Express Company for
overcharges in bills for shipping silver dollars; and the further sum of
$4^560.30, consisting of profits arising from surplus silver bullion recovered, and from adjustments of silver values, not strictly seignorage
on silver coins but carried to the credit of the Silver Profit Fund, makes
the total silver profits to be accounted for since the above date $47,975,204.33.
Of the gross profits the sum of $715,562.64 has been paid for expenses of distributing silver coins, as provided by law, including
$9,237.54 refunded by the express company, as above explained.
The additional sura of $231,369.42 has been used to reimburse wastage
incurred in the coinage of silver, and loss on silver sold in sweeps attending that coinage.
The net profits on manufticture of silver coin for the ten years ended
June 30, 1888, including the balance in mints Jul}' 1,1878, has therefore
amounted to $47,028,272.27.
Of net profits there has been deposited in the Treasury of tlie
United States bv covering warrants, prior to the close of the fiscal year
IS88, the sum of $46,886,181.82.
The balance of the net profits, $142,090.45, was in the mints at Phila-.
delphia, San Francisco, and New Oiieaus June 30, 18S8, and has since
been deposited in the Treasury.
The usual table, showing for the fiscal year 1888 the seignorage at
each institution on the manufacture of silver dollars and subsidiarj^
coio, separately, as well as disposition of the profits, will be found in
the Appendix.
MINOR COINAGE.
During the fiscal year the minor coinage was the largest in the history, of the mint at Philadelphia, the remarkable demand for 5-cent
and 1 cent pieces during the two preceding years having been maintained and even exceeded.
Blanks for this coinage w^ere supplied under contract with Mr. Joseph
Wharton, the same as during the preceding year, in order to enable
the mint to meet requisitions for coins of all denominations, including
two thirds of the mandatory coinage of silver dollars.
The amounts of 1-cent bronze and 5-cent nickel blanks delivered to
the mine during the year, and fhe cost of the same are shown in the
following table:
"
DIRECTOR
105
OF T H E MINT.
Weight iu
pounds.
Blanks for—
Bronze 1-cent pieces
Nickel 5-cpnt nieces
-
•
Total
Cost.
275, 557. 55
136,119. 99
$74,026. 69
60, 341.38
411, 677.54
134, 368. 07
Under authority conferred by actof Congress approved March 3,1887,
•minor coins amounting to $157,418.60 were transferred to the mint for
recoinage and re-issue. The amount and denominations of coins so
transferred are shown in the following table:
M I N O R COINS T R A N S F E R R E D B Y T H E T R E A S U R E R OF T H E U N I T E D STATES
AND D I S P O S I T I O N T H E R E O F D U R I N G T H E F I S C A L YEAR 1888..
Redeemed.
Denominations.
B r o n z e 1-cent p i e c e s . .
Bronze 2cent pieces...
N i c k e l 1-cent p i e c e s . .
N i c k e l 3-cent p i e c e s . .
N i c k e l 5-cent p i e c e s . .
Old copper cent pieces
Total...
Re-issued.
B a l a n c e for
recoinage.
$25, 777. 61
. 4, 762.70
5,466. 31
11,706. 27
109, 406. 50
309.21
$19,400
99, 900
$6, 377. 61
4, 752. 70
5, 466. 31
11,706.27
9. 506. 50
157, 418.60
119, 300
37, 809. 39
Of the coins transferred the value of $37,809.39 being unfit for reissue was melted for recoinage, while $309.21 in old copper cents, unfit
for coinage purposes, has been malted and sold as old liietal under an
appropriation* by Congress to reimburse the Treasury for the loss.
The following table exhibits the denoniination, nominal value, and
distribution of minor coins during the fiscal year 1888:
M I N O R COINS DISTRIBUTED FROM T H E M I N T AT P H I L A D E L P H I A D U R I N G T H E
FISCAL YEAR 1888.
State or Territory.
Alabama
Arkansas
Arizona
5-cent
S-cent
nickel. n i c k e l .
1-cent
bronze.
$4,
$1, 200
1,000
Michigan
620
870
6,850
1,600'
200
875
456
3,520
9,260
9,900
49, 005
Maine
Mississippi
Montana
Maryland
Missouri
New York
North Carolina
,
•California
Colorado
,
C o n n e c r i c u t ."
Delaware
D i s t r i c t of C o l u m b i a
Dakota"
Florida
Georgia
Indiana
Iowa
......
Illinois
Idaho
Kentucky
Kansas
Louisiana
2,700
4,415
,
600
s t a t e or T e r r i t o r y .
Massachusetts
Minnesota
..
.'...
New Jersey
New Hampshire . . .
N e w Mexico
Nebraska
Ohio
Oregon......
Pennsylvania
•Rhode I s l a n d
* A c t of O c t o b e r 2, 1885 (25 S t a t s . , 519).
5-cent
nickel.
S c e n t 1-cent
nickel. bronze.
|$10, 680
34, 530
$15, 990
24, 460
7,905
1,990
40
11, 990
1,030
660
2,730
12, 675
24, 420
88, 323
3,305
14, 460
2,160
220
20, 105
28, 840
2,280
71, 210
1,920
9,870
3,320
110,168
2,530
11, 830
3,160
90
4,620
27, 475
120
40, 065
5,150
106
REPORT ON THE FINANCES.
MINOR COINS DISTRIBUTED FROM THE MINT AT PHILADELPHIA, ETC.—Cont'd.State or Territory.
South Carolina
Texas
Tennessee . . . .
Utah
Virginia
,
Vermont
5-cent 3-cent 1-cent
nickel. nickel. bronze.
$4,135
15, 610
17, 650
1,600
7,105
960
$1,245
60
2, 530.
$30
3, 375
1, 480
State or Territory.
5-cent 3-cent 1-cent
nickel. nickel. bronze.
West Virginia
Wisconsin
Washington
W^vomiu""
$1, 550
9,775
2,125
200
Total
578, 998
$96(>
8,520
120
$270
380, l i s
RECAPITULATION.
Denomination.
Value.
Pieces.
Five-cent pieces .
One-cent pieces..
Three-cent pieces
11, 579, 960
38, Oil, 300
9,000
$578, 998
380,113
270
Total
49, 600, 260
959,381
The following statement exhibits the value of the difi^erent.denominations and types of minorcoin issued from the mint at Philadelphia
since its establishment, the amount melted, and the amount outstanding:
VALUES OF THE SEVERAL TYPES OF MINOR COINS COINED AND REMELTED
X
FROM THE O R G A N I Z A T I O N O F
I N G J U N E 30, 1888.
Denomination.
Copper cents
Copper half-cents . .
Copper nickel cents
Bronze cents
Bronze 2-cent pieces
Nickel 3-cent pieces
Nickel 5-cent pieces
Total
THE-MINT, AND THE AMOUNT
OUTSTAND-
Outstanding
June SO, 1888.
Coined.
Remeited.
$1, 562, 887. 44
*39, 926.11
2, 007, 720. 00
4, 776, 526.21
912, 020. 00
905, 072.19
9, 452, 030.40
$372, 741.70
;l, 190,145. 74
741, 082. 61
30, 894.72
296, 880. 78
187, 247. 71
71, 440. 50
1, 266, 637. S£>
4,745, 631.40
615,139.22
717, 824.48
9, 380, 589. 90
19,656,182.35 1, 700, 288.02
17,915,968.22
* There is no record of the melting at the Mint of any old copper half-cents; but it is believed '
• that few, if any, are in circulation.
APPROPRIATIONS AND EXPENDITURES.
The amount specifically appropriated for the support of the mints and
assay offices of the United States for the fiscal year 1888 was $r,096,390.
This amount is in excess of the appropriations stated in my last fiscal
report, by the sum of $1,890, which is the amount of a subsequent deficiency appropriation for wages at the assa^^ office at Boise City made
March 30, 1888. (25 Stats., 48.)
' The appropriations included the sum of $2,000 for repairs of building
at Denver, and $1,000 for repairs of building at Boise City.
Besides the amount specifically appropriated, the unexpended balance of the appropriation for renewal of steam-power plant at the mint
at Philadelphia, namely, $43,174.93^ was used during the fiscal year.
DIRECTOR
107
OF, T H E MINT.
Of the specific appropriations there was expended $1,039,492.35.
There was also expended by the mints from the permanent appropri'ation* for the coinage of the silver dollar the sum of $233,559.84, and,
$921 by the Bureau ofthe Mint, the latter amount for daily quotations
by telegraph of the price of silver in London. The total expenditures
forthe service of mints and assay offices, including mandatory coinage
of the silver dollar, amounted during the fiscal year to $1,273,973.19.
Appropriations and expenditures for the mints and assay offices areexhibited in the following table:
*
APPROPKIATIONS AND EXPENDITURES, 1888.
A P P ' R ' O P R I ATIONS.
Salaries.
Institutions.
Wages.
Coinage of
standard
s i l v e r dolC o n t i n g e n t . R e p a i r s of l a r s , a c t of
buildings. February
28, 1878
(indefinite).
Total.
•
Mints.
Philadelphia
41, 900.00
170, 000.00
40, 000. 00
29, 550. 00
25, 000. 00
31, 950. 00
60, 000. 00
74, 000. 00
$434, 650.00'
251, 900. OO
114, .550.00'
35, 000. 00
140, 950.00
39, 250. 00
25, 000. 00
10, 000. 00
10, 950. GO
14,000.00
6, 000. 00
7, 700. 00
12, 000. 00
6, 000. 00
$41,550. 00 $293,000.00 $100,000.00
San F r a n c i s c o
Carson
'.
N e w Orleans
A s s a y offices.
New York.
Denver
Helena
.
Bois6
3,000.00
2, 750. 00
Charlotte
Saint Louis
Total
3, 500. 00
....
212,100. 00
648, 000. 00
74, 250. 00^
+ $2,000.00
32, 950.00
25, 700; OO
+6, 890. 00
2, 000.00
2, 400. 00
1, 000. 00
10, 890. 00'
233, 290. 00
3,000.00
4, 750. 00^
5,900.00'
1, 096, 390. OO
EXPENDITURES.
JKints.
•
Philadelphia.......
San Francisco
Carson
N e w Orleans
$41,492 31 $292, 783. 56 $70, 295. 21 §$43, 001. 65 ||$152, 28L 26
41, 840 24
168, 473 69
39, 774. 44
16, 702 88
27, 054 00
11, 643. 29.
31, 901 65
72,675 19
33,193. 23
39,250.00
10,950.00
7, 700. 00
3, 000. 00
23, 578. 50
14, 000. 00
12, 000. 00
8,793.37
4,143. 25
5,471.27
6, 613. 25
1,862.58
2,145. 25
19, 513. 59
$599, 853. 9 ^
269 60L86
55 400.17"
61,764.99
199, 535. 06«
, A s s a y offices.
New York'.
Denver
Helena.
:]^ois6
Charlotte
Siaint L o u i s
2, 750. 00
3, 403. 94
Total
198, 991. 02
010, 564. 84
183, 935.14
1,099. 70
71,621.87
31, 092. 95-
1, 000. 00
25,171.27
10, 613. 25>
4,612.58
46, OOL 35
233, 559. 84 1, 273, 052; 19^-
6, 549. W
* Act of February28, 1878 (20 Stats., 25.
t Act of March 3,' 1887 (24 Stats., 611).
X Includes $1,890 deficiency appropriation, act of Marcb 30, 1888 (25 Stats., 48).
§ Frora unexpended balance of appropriation of $54,639.20 for renewal of steam-power plant,
' actof August 4, 1886 (24 Stats., 235).
il $143,514.03 ofthis araount was for wages of workmen, and $8,767.23 for contingent expenses^
principally ($8,584.00) for copper for silver dollar alloy.
108
REPORT ON T H E FINANCES.
Of the amount specifically appropriated for support of the mints and
^ssay offices for thefiscal year 1888 there remained unexpended the sum
of $100,072.58, as exhibited in the following table:
U N E X P E N D E D BALANCES O F APPROPRIATIONS, F I S C A L Y E A R
Institutions.
Salaries.
Wages.
Contingent
expenses.
$57. 69
59.76
12, 847.12
48.35
$216.44
L 526.41
32, 946. 00
1,324.81
$29, 704. 79
225. 56
13, 356. 71
1, 806. 77
1, 421. 50
1,206.63.
1, 856. 75
528. 73
. t l 9 . 25
137 42
254. 75
1S88.
R e n e w a l of
steam-power
plant, a n d
r e p a i r s of
buildings.
Mints.
Philadelpbia...........
.
. "
.....
"San F r a n c i s c o
•Carson
N e w Orleans
$173.28,
A s s a y offices.
N"ew Y o r k
Denver
Helena
....
.....
....
257.50
Bois6
€harlotte
Saint Louis
96.06
• Total
13,108.98
37, 692.66
*. 30
'49, 097. 36
173. 58
* Balance of appropriation (24 Stats., 511) for repairs of buildiug at Denver,
t Exclusive of $10.75 transferred from appropriation for 1887, carried by Treasury warrant
to 1888.
The following' table exhibits a comparison of the expenditures of the
mints and assay offices during tlie fiscal years 1887 and 1888:
COMPARISON o r
EXPENDITURES,
YEARS 1887 AND 1888.
Salaries
W a g e s of w o r k m e n . . . . . .
.....
•Contingent e x p e n s e s
. . . .
H e n e w a l of s t e a m - p o w e r p l a n t P h i l a d e l p h i a
S t a n d a r d s i l v e r dollar
Total
1888.
1887.
Appropriations.
$192, 907 13
601,787 25
. •
182, 240.66
11,464.27
200,189.02
$198, 991. 02
. 610,564.84
*]86 934.84
43,001.65
233, 559.84
1,188,588.33
1, 273, 052.19
• Includes $2,999.70 for repairs of buildings at Denver and Bois6 City.
The expenses of the Bureau of the Mint, comprising salaries of officers
:and clerks, and expenditures for examination and annual settlements
of mints, for books and incidentals, for maintenance of laboratory, and
for collection of statistics of i^roduction of the precious metals, amounted
to $34,281.61, against $33,091.97 in the preceding year. Appropriations and expenciitures in comparison with those of the fiscal year 1887
are exhibited in the following' table:
10»
DIEECTOR OF T H E MINT.
COMPARISON OF E X P E N S E S OF T H E BUREAU OF T H E M I N T F O R THE FISCAL
YEARS 1887 AND 1888.
t
1887.
Appropriations.
Salaries of oflQcers and clerks
Examination of mints e t c . . . . . . . . .
Collecting mining statistics
..
Laboratory
Books, pampblets, etc
....
...
Appropriations.
Expenditures.
$28, 024.93
2,500.00
4,000.00
1,000.00
500. 00
$27, 958.27 •$27,940.00
1,349. 31
2, 500. 00
2, 290.01
4, 000. 00
999. 70
*1, 290.00
494.68
500.00
$27, 928. 59'
1,295. 50
3 373. 83
1,193. 80489.89^
36, 230. 00
34, 281. 61
36, 024. 93
Total
•
1888.
Appropriations.
33, 091.97
Expenditures.
1
* Includes appropriation (25 Stats., 50) for encaustic tile floor,
pended.
0, of which $479 was ex-
The appropriations for the fiscal year 1889 are as follows:
APPROPRIATIONS F O R M I N T S AND ASSAY O F F I C E S , 1889.
Institutions.
Salaries.
Wages of Contingent
workmen. expenses.
Kepairs of
building.
Total.
Mints.
Philadelphia
San Francisco . . . . .
Carson
New Orleans
New Y o r k .
Denver
Helena
Bois6 City:
Charlotte . .
Saint Louis
Total
$41, 550
41,100
29, 550
31, 950
$293,OCO
170, 000
60, 000
74, 000
$100, 000
40, 000
2.5, 000
35, 000
39, 250
10, 950
7,700
3,200
2,750
3,500
25, 000
14, 750
12, 000
10, 000
6,000
6,000
7,500
2,000
2, 400
211,500
648, 750
233, 900
$434, 550'
251,100'
114, 550 >
140, 950
$1,500
1,500
74,250
31, 700
25, 700
12, 200
4,750
6,900
1,095,650
EARNINGS AND EXPENSES OF R E F I N E R I E S OF MINTS AND THE ASSAY
OFFICE AT NEW YORK..
Under the provision of law (paragraph 8, chapter 329, volume 1,.
^Supplement to the Eevised Statutes) which requires that refining-^
*and parting of bullion shall be carried on at the mints of the Uniteci
States and at the assay office at New York, and that the charges collected from depositors shall be used to defray the expenses of operations, the refineries of the mints at Philadelphia, San Francisco, Carson, and I^ew Orleans, and of the assay office at New York have been
in operation during the past year.
The value of charges collected from depositors and carried to credit
of the appropriation for parting and refining bullion, amounted to
$157,727.4:5, and the gross expenditures to $171,615.39.
110
REPORT
ON T H E
FINANCES.
It is proper to state, however, that the net expenditures of the refineries amounted to only $155,903.16, or $1,824.29 less than the charges.
<3ollected from depositors for parting and refining.
The amount received from sale of blhe vitriol and spent acid from the
refineries, and covered into the Treasury as a miscellaneous profit, was
$15,742.23, which, under a decision ofthe First Comptroller, has ceased
to be used, since the fiscal year 1885, in offisetting payments for acids. '
Your attention, and that of Congress, was invited in my last fiscal
report to the advisability of changing existing law so as to allow of the
use of moneys received from sale of by-products from operations of acid
refineries, for defraying the expenses thereof, and the legislation necessary to carry this into effect was proposed. The necessity fbr further
legislation in this important particular of mint practice and Treasury
accounting failed however to receive the attention of Congress.
The receipts for parting and refining since July 1, 1876, when -the
Oovernment refineries were required to be self supporting, have, however, exceeded gross expenses by $174-,248.15. This was the am-ount
standing to the credit of the apprd^priation for parting and refining bullion on July 1, 1888.
The charges collected at each'institution from depositors for parting
and.refining,bullion, and the gross and net expenses at each during the
fiscal year, are exhibited in the following table:
CHARGES COLLECTED AND E X P E N D I T U R E S F O R PARTING AND REFINING B U L L ION, 1888.
Charges
collected.
Institutions.
Mint at Philadelphia
Mint at San Francisco
Mint at Carson
Mint at New Orleans
Assay office at New York
Total
......
"J
EARNINGS AND E X P E N D I T U R E S
.,
..
Gross expenditures.
Net expendi, tures.
$19, 600. 23
43, 625. 57
19, 643.24
561.13
74, 297 28
$10, 505. 85
. 62,135. 97
15, 028. 65
323.14
93, 651. 78
$10, 505.85
50, 262. 80
, 15,028.65
323.14
79, 782. 72
157, 727. 45
171, 645. 39
155,903.16
OF MINTS AND ASSAY O F F I C E S .
The total earnings and gains from all sources at mints and assay
offices of the United States amounted to $9,788,592.80, while the total
Expenditures and losses of all kinds amounted to $1,534,210.11, a net
profit in the operations on bullion during the year of $8,254,382.69.
It will be understood°tliat the bulk of the earnings consisted of seignorage on silver dollars, subsidiary and minor coins.
In the Appendix will be found the usual table exhibiting in detail the
earnings at each institution from all sources, and the expenditures and
losses of all kinds.
CLASSIFIED STATEMENT OF E X P E N D I T U R E S , 1 8 8 8 .
There was presented in my report for the fiscal year 1886, for the first
time, a classified statement exhibiting the expenditures of the coinage
mints and of the assay office at IsTew York.
' In my last fiscal report a similar stateinent was exhibited comprising
all the institutions under the control of this Bureau, instructions having
been given that the accounts should be so kept that cost-sheets could
Ill
DIRECTOR OF T H E MINT.
beTprepared showing the expenditures for each department and for
each class of supplies.
At the close of the review in this report of the business of each mint
will be found a similar statement.
The following eon(iensation of the tabular statements of all the institutions, exhibits their oiDcrations as well as expenditures:
E X P E N D I T U R E S AT T H E U N I T E D STATES M I N T S AND ASSAY O F F I C E S DURING
THE F I S C A L Y E A R 1888.
Supplies, etc.
A cids
»
Adjusting weights and repairing balances .
Assayers' materials
.;
...
Belting
Charcoal
Chemicals
^...
Coal
Coke
Copper
Crucibles
Dry goods
Fire-brick
Fluxes
Freight and drayage
.'.
Gas and electric lighting
Gloves and gauntlets
Hardware
Ice
Iron and steel
Labor and repairs
Lead, sheet and pipe.
Loss on sale of sweeps
. Lumber
Machinery and appliances
Metal-work and castings
Oils
Kent-.i
Eepairs of buildings
Salt
Sewing
;..
Stationery, printing and binding .
Steam
Sundries
Telegraphing
Washing
L
Wastage, barrels and cooperage ..
Water
1 .^
Wood.....
Zinc
Stieam-power plant, Philadelphia..
Total
Salaries
Wages of workmen
,
Aggregate.
Ordinary.
Eefioery.
Total.
268. 94
576. 75
808. 29
439. 69
335.14
Oil. 09
260. 05
554. 85
753.00
390.48
118.07
$46, 501. 48
$51, 770.42
15. 20
80. 49
1, 823. 49
544.58
299.78
421. 84
243. 99
916. 38
430.41
683.07
634.21
1, 805. 23
],839.95
. 515.62
822.92
503. 31
.666.11
573.16
704. 07
440. 00
999. 70
9.13
503. 07
065. 08
653.31
592.76
766.80
363. 97
244. 41
931.20
640. 62
18.13
001. 65
1, 690.23
750. 72
249, 985. 01
198, 991.02
824, 076.16
1, 273, 052.19
575. 75
1, 032. 05
191.08
2,194. 62
4, 819.10
4, 552. 75
1,383.39
69. 32
730.29
267. 28
144. 37
3,523.34
1, 289.84
2, 290.13
1,108. 92
199. 00
620.18
367 19
202.17
454. 57
554.85
572.10
949.23
501.46.
69. 32
349. 81
139.73
937.46
974.28
183.66 *
430.41
727.44
157 55
289. 84
513.15
254. OS
956.24
8, 682. 08
2, 903. 07
440.00
2, 999. 70
282. 34
291.47
193. 80
2, 696. 87
2, 065. 08
6,654.50
14,364.82
!, 001.19
772. 06
766. 80
584. 47
629. 70
761. 33
3, 985. 35
90,104. 64
81, 540. 85
171, 645.39
' 1,353.97
828. 88
2, 460. 90
15, 301.95
4, 003.48
43, 001. 65
340, 089.65
198, 991. 02
905, 617. 01
1, 444, 697 58
112
R E P O R T ON T H E FINANCES.
E X P E N D I T U R E S AT T H E U N I T E D STATES MINTS AND ASSAY O F F I C E S DURINGTHE FISCAL YEAR 1888—Codtiuued.
OPERATIONS.
Bars manufactured:
Gold....,--.Silver
$51,765,436.957,547,578.27
Total
59,313,015.22;
Coinage executed:
Gold
Silver
Minor
1
•..
Total...
28,364,170.50
•34,136,095.25
1,218,976.57
63,719,242.32
SUMMARY OF OPERATIONS.
The value of the gold and silver deposited at mints and assav offices^
of the United State's during the fisoal year 1888 was $122,717,303.12.
The amount of bullion operated upon by the melters and refiners of
the mints at Philadelphia, San Francisco, Carson, and New Orleans^
and assay office at New York, was as follows :*
,
BULLION OPERATED UPON B Y MELTERS AND R E F I N E R S , 1888.
Standard ounces.
Metals.
Eeceived.
Gold
Silver
--
-
Total
---^ -
Operated on.
6, 934,175
71,884,710
6, 361,144
67,446, 226
78, 818, 885
73, 807, .370
The operations of the coining departments of the mints at Philadelphia, San Francisco, and New Qrleans were as follows:
OPERATIONS O F COINING DEPARTMENTS, 1888.
\ v
Standard ounces.
Metals.
/
Eeceived.
Gold
Silver
Total
Operated on.
3,474, 589
60,303,345
3, 374, 292
59, 957, 537
63, 777 934
63 331 829
* In another place (p. 160) I have called attention to the terms of section 3542 Revised
Statutest The same section affords the only grounds in mint statements for reports
of deliveries of bullion to operative officers, as of amounts operated upon. As in
mint practice deliveries of bullion to t h e melter and refiner and t h e coiner are
usually in excess, and may, a t any given time, be greatly in excess of amounts operated upon, and any excess over t h e latter aniount is returned to t h e superintendent
at times of the annual or other settlements, the sum of ^' deliveries" is of no practical
moment, except perhaps in case of a question as to the legal allowance for oi)erative
Avastage under t h e terms of section 3543. I have accordingly introduced into this
report statements ofthe amount of bullion actually operated upon.
The legal allowance for wastage, already unnecessarily large, becomes indefinitely
extended as long as t h e present statute can be construed to prescribe its computation
upon '' deliveries" of bullion rather t h a n the net amount operated upon.
113
DIRECTOR O F T H E MINT.
The ainount of gold and silver melted at the mint at Denver and at
the assay offices at Boise City, Helena, Charlotte, and Saint Louis was
as foliosvs:
Standard
ounces.
Gold
Silver
237, 825
83, 666
Total
321, 391
The total operations on bullion in mints and assay offices, were as
follows:
BULLION O P E R - \ T E D UPON B Y M E L T I N G AND COINING D E P A R T M E N T S OF ALL
THE INSTITUTIONS, la88.
Standard ounces.
Metals.
Eeceived.
Gold
Silver
Total
O p e r a t e d on.
10, 646, 589
132, 271, 621
9, 973,261
127, 487, 329
142, 918, 210 .
137, 460. .o90
The total value of precious metals wasted in the operations of both
the coiners' and melters and refiners' departments was $26,916.53.
In addition to the operative wastage on gold and silver there w a s a
loss on the sale of sweeps, being the difference between the assay value
of gold and silver contained in sweeps recovered and the amount realized from their sale, amounting to $15,644.61. The total loss on operations of gold and silver bullion at mints and assay offices during the
year was accordingly $42,59114. .
There was, on the other hand a gain of bullion larger than the entire
loss. The value ofthe surplus bullion returned during the year by operative officers of coinage mints and the assaY office at NewYork was
$39,998.96.
In addition, gold and silver in granules and sweeps were recovered
from the deposit melting-room of the value of $10,993.55.
There was an operative gain, arising from differences in assays and
in charges in favor of the small assay offices, on bullion shipped to
Philadelphia for coinage amounting to $5,318.45.
'
There was also a gain on the sale of plumbic melts at the assa^' office at New York, araounting to $18.27.
The total gains thus shown from operations on bullion (not including,
of course, any seignorage or proceeds of sale of old materials or byproducts) were therefore $56,329.23, against a loss, as shown above, of
$42,591.14, a net gain of $13,738.09.
H. Ex. 2 — 8
114
REPOET
ON T H E
FINANCES.
The coinage of the three coinage inints for the fiscal year 1888, numbers and percentages of pieces coined, and mean cost per piece are exhibited in the following table :
W O R K OF THREE COINAGE. M I N T S ,
L o c a t i o n of m i n t .
Philadelphia
San F r a n c i s c o
N e w Orleans
Total
N e w Orleans
Total
Number
of pieces
coined.
88,139, 449
8, 977, 508
I L 913, .500
27 101 630
8, 977, 598
11,913,500
0 10.9
109, 030, 547
48, 052, 728
100
40.8
40.3
18.9
Philadelphia
..
..
P e r cent, of
P e r c e n t . pieces coined
of p i e c e s
to w h o l e
coined t o
number
whole n u m - coined, exc l u s i v e of
b e r coined
ujiiior coius.
N u m b e r of
pieces
coi ued exc l u s i v e of
m i n o r coins.
P e r cent,
of v a l u e of E x p e n s e s
for salac o i n a g e of
each m i n t to ries, w a g e s ,
a
nd inci
v a l u e o f total coinage. d e n t a l s .
L o c a t i o n of mint..
1888.
100
80 9
8,2
56 5
18.7
24.8
V a l u e of
$25, 982, 957
25,701,285
12, 035, 000
100.
63, 719, 242
P e r cent.
C o s t p e r C o s t p e r E a t i o of
of exp e n s e s a t piece, in- p i e c e ex- cost p e r
clusive
$1,000 to
each m i n t clading
minor
of m i n o r v a l u e o f
to t o t a l
coinage.
coinage.
coiuage.
expenses.
$556, 852
269, 602
199, 535
1, 025, 989'
54.3
26.3
19.4
100
$0. 0003
.03
.017
$0.02
. .03
017
$21.43
10.49
16.58
....
M I N T AT P H I L A D E L P H I A .
With sorrow I am called upon to record the death, on March 21,1888,
of Dr. James C. Booth, in the seventy-eighth year of his age and the
thirty-ninth year of continuous service as melter and? refiner of the
mint at Philadelphia, an important and responsible office, which he
filled with distinguished honor, unfailing skill, and untiring efficiency.
Dr. Booth was succeeded, March 29, 1888, by Dr. David K. Tuttle,
melter and refiner of the mint at Carson.
Mention was made in my last fiscal report of improvements in the
steam motive plant of the mint at Philadelphia, under a special appropriation* of $54,639.20, bat not completed until about the close of
the first quarter of the present fiscal year. Incidental to this important improvement in plant, valuable space has been cleared for vaults
and other necessaries. Two of the cashier's vaults have been lined
with steel and supplied with a double set of Dexter locks.
In the same report it was suggested that the Supervising Architect
be requested to prepare plans forthe extension of the edifice of the
mint at Pliiladelphia, and to prepare estimates in accordance therewith
for the consideration of the Department as a basis for such recommendations as it might be found expedient to make to Congress. .
On this subject I was led to the following remarks:
From the fact t h a t measures for the extension of the ground area of the mint at
Philadelphia have repeatedly been presented to Congress without its concurrence, I
am bound to assume that no similar proposal would be sufficiently practicable to
meet the present exigency in the case of that mint—now the most important miut of
the whole service, as always it has been, and as^'constituted by numerous sections of
law which have been perpetuated from the period previous to 1873, when It was alone
* 24 Stats., 235.
DIRECTOR OF T H E MINT.
.115
t h e Mint of^ the United States, and all other mints its branches. Indeed, opportunities presented from time to time for the acquisition of ground space for an extension
of this mint, at a moderate cost, can hardly be expected to recur.
Nor was it considered that such an expedient as the sale of the present very valua,ble site and the purchase of a larger one of less value could receive the approval of
C!ongress in time to meet recent emergencies, such lis the necessity for the new steam
. plant, erected by authority of Congress during the p ist summer.
Notwithstanding tbe recent renewal of steam plant, at a cost of some $55,000, and
t.he present exigency for further renewals of a more portable kind, it may not be held
t h a t fixed improvements of this description really preclude the subject of change of
«ite from further consideration. As alternatives, therefore, from the addition of a
third story and the extension of the front basement, it becomes my duty to make
•succinct mention of two other expedients which have previously been proposed,
namely, (1) the sale of the present very valuable site and purchase of a larger one of
less relative value : or (2) the costly acquisition of new ground adjoining the present
site.
. In accordance with my recommendation, and with estimates prepared
by the Supervising Architect, there was included in an act approved
October 2, 1888, making appropriations for sundry civil expenses of tlie
<jrovernment, an approi)riation, namely, " F o r the United States mint
^ t Philadelphia, Pa.—for an additional story to, and enlarging the building, including vault, alterations, and other necessary work, $220,000."
Inadequate as the appropriation is for any measure of enlargement
equal to the purpose of an advanced establishment, it is hoped that,
judiciously applied, it will prove enough for an enlargement within the
narrow limits of the ground space and the present building without
radical and complete reconstruction, for which authority has neither
been given nor sought. !N"or, for reasons stated in my last report, has
the question of another site for the mint at Philadelphia been presented
to Congress as ;in alternative from the alteration and enlarg.ement of
the present edifice, so singularly wanting in adaptation to the requirements of a manufacturing establisliment in respect to ground space and
environments as well as to original construction.
•
The Supervising Architect of the Treasuiy Department has been
charged with the enlargement and improvements under the appropriation, and at the present date has nearly' completed plans for entering
upon the work.
The business of the mint at Philadelphia has been larger during the
past ye^jr than ever, severely taxing the capacity not only of the plant
but of the whole establisbment.
The value of deposits and purchases of gold and silver-during the
j e a r was as folloAvs :
DEPOSITS AT THE M I N T AT P H I L A D E L P H I A , FISCAL YEAR
Gold..
Silver.
Total.
1888.
$5, 155, 253. 91
20, 379,189. 89
25, 534, 443.;
In addition, minor coinage metal was received of the weight of
'6,919,966 ounces.
.
The total weight ofthe bullion received, gold, silver, and minor coin^ige metal, was about 1,499J tons.
The number of assays made in the assayer's department was approximately as follows:
Gold..
Silver.
15, 000
44, 000
116
R E P O R T ON T H E
FINANCES.
Thegoldoperated-uponintiiemelter and refiner's department amounted
to 1,129,051 standard ounces and the wastage to 472.325 standard ounces.
In the melter and refiner's department 37,311,197 standard ounces of
silver was operated on, with a net wastageof 1,918.57 standard ounces..
The number of melts made;in the same department was as follows :
Tor ingots.
Description.
For bars.
Made.
Gold
Silver
---
-:
.
Total
Condemned.
184
240
199
12,932
13
78
439
13,116
91
The operations ofthe acid refiner}^ are exhibited in the following table:
R E F I N E R Y OPERATIONS F O R T H E YEAR ENDING J U N E 30,
1888.
[Divided into periods covered respectively by the late and present melter and refiner.]
•
Gold and silver r e t u r n e d
from r e f i n e r y .
Bullion s e n t to refinery.
Period.
Standard ouuces by assay.
Gross
weight.
J u l y 1,1887, to M a r c h 1,1888..
M a r c h 1,1888, to J u n e 30,1888.
Total
Gold.
Silver.
Gold.
Silver.
Ounces.
502, 757. 8.51
338, 257. 708
Ounces.
142,243.746
101,000.037
Ounces.
388, 377. 29
242,198. 01
Ounces.
142,125.437
101,002.227
Ounces.
387, 643. 99'
242, 932. 56
841, 015. 559
243, 243. 783
630, 575. 30
243,127.664
630 576 55
The operations of the coiner's department were as follows:
Metals.
Received.
O p e r a t e d on.
Wastage.
S t a n d a r d ounces. S t a n d a r d oimces. S t a n d a r d o u n c e s :
748, 276
747, 8.^)3
48. 359
36, 071, 404
3, 264. 26
35,771,579
Gold
Silver
The number of coins struck and the nominal value were as follows:
Metals.
Gold . . .
Silver
Minor
.
.
Total
. . .
Pieces.
• Value.
3e4, 284
26, 777, 346
60, 977, 819
$5,419 170.50'
19 344 810. 45
1 218 076 67
88, 139, 449
- '>.T 98-> 967 52
As coinage was suspended during July, for introduction of a new
steam plant, the monthly average coinage exceeded 8.000,000 pieces, an
increase in the production of the mint over that of the i)receding fiscal
year of 6,607,058 pieces.
DIRECTOR
OF T H E
117
MINT.
The expenditures for the several classes of supplies, and in the differ
<ent departments, are exhibited in the following table :
E X P E N D I T U R E S AT THE M I N T AT P H I L A D E L P H I A ,
General department.
. Supplies, etc.
Proper.
Assayer's Coiner's
departdepartMechanment.
ment.
ical.
Acids
$200.77
$20.10
25.27
6,981.53
'Coal
•
49.11
Freight and drayage.
•Qqg
Gloves and gauntlets.
Ice
I r o n a n d steel
L a b o r a n d repairs' . . .
L o s s on s a l e o f
136. 37
243. 75
33.25
€rucibles, c o v e r s ,
stirrers, and dippers
$18.15
633.03
13.20
, $39. 90
.50
1888.
M e l t e r a n d refiner's department.
Proper.
Engraver's deEefinery. partment.
$3,163.41 $4, 967. 73
1,504.51
42.08
2,566.35
11,803.00
$206.28
3.83
•
3, 735.14
36.81
4, 250. 65
3.52
60.75
4.56
201.95
5.57
.24
88.09
4.02
339. 20
488. 04 ^ 114.80
1, 050. 25
5.61
240. 48
19.39
$497. 66
$50. 43
1,466.76
246.00
1, 861.53
312. 53
837.33
32.28
330. 33
7.12
4,610.09
57?. 81
946. 62
. 509. 37
54.69
823. 53
3,510.48
170.9U
1,952.91
148.87
110. 37
172.28
214.20
].32
170
206. 04
21.88
1, 649. 79
7, 822. 92
5.98
M a c h i n e r y a n d appli$1, 976. 28
M'etal-work a n d castings
<3i]s
gait
Stationery, printing,
and binding
Telegraphing .3.
W^ood
178. 97
744. 76
.32
574 59
3,194. 24
39. 73
115.57
2L88
89.21
47. 49
19.10
.78
.66
173.11
3.32
125. 32
3.00
116.46
161.94
2.00
1,135. 85
533. 74
3, 776.16
765. 60
58 81
,
1, 513. 09
^
St^am-povs^er p l a n t . . 43, OOL 65
• 244.41
Total.
72, 518. 56
1, 6^0. 62
23, 550. 00
W^ages of w o r k m e n . . 104, 559.58 12, 093. 23
Aggregate
857. 32 13, S63. 03 33,144. 40 • 9, 005. 85
5, 000. 00 5, 000. 00 4, 942. 31
9,553.91 229, 683. 60 73, 619. 21
1, 500. 00
510.16
3, 000. 00
6, 788. 06
200, 628.14 13, 763. 8r 15, 411. 23 248, 046. 63 111, 705. 92 10, 505; 85 10, 298.22
118
.
'
REPORT ON T H E FINANCES.
E X P E N D I T U R E S AT T H E M I N T AT PI-IIL.\I>ELPHIA, 188S—Continued.
SUMMARY.
S u p p l i e s , etc.
Amouut.
Acids
Charcoal
Chemicals
Coal
Copper
C r u c i b l e s , covers, s t i r r e r s , a u d
dippers
D r y goods
Pluxes
F r e i g h t and d r a y a g e
Gas
'
i, 331.
,802.
841.
\ 824.
,803.
Gloves and gauntlets
Hardware
Ice
I r o n a n d steel
Labor aud repairs
L o s s on sale of s w e e p s
Lumber
,
, 795.
9c3.
,680.
7.
,610.
1, 260.
,469.
" 619.
864.
,448.
I, 472.
., 321.
S u p p l i e s , etc.
Amount.
Machinery and appliances-Metal work and castings
$2, 524. 37
3, 788. 68"
1, 354. 88
Oils
Salt
Stationery, printing, and binding
Sundries
Telegraphing
Washing
Wood
.
• 126..S0579. 595,201.04
39. 73
115. 57
4, 563. 63.
1, 513. 0943, OOL 65^
244.41
Zinc
Steam-power plant
Wastage
Total
131, 069. 94-
Salaries
W a g e s of w o r k m e n .
41,492.31
437, 797. 69>
Aggregate
610, 359. 84
OPERATIONS.
Ears manufactured:
Gold
Silver
557.7, 319. 48
' 20, 940. 94
Total
598, 260.42
COINAGE.
Metals.
Pieces..
Value.
•
Gold Silver
IVriiior
-
--'
.
Total
.
384, 284
26, 777, 346
60, 977, 819
$5, 419,170. 50
19,344,810.46
1, 218, 976. 57
88, 13P, 449
25, 982, 957. 52
The value of foreign coins deposited during the past year is exhibited in the following table:
VALUE O F F O R E I G N COINS D E P O S I T E D AT T H E M I N T AT P H I L A D E L P H I A , F I S CAL YEAR 1888.
C o u n t r i e s of c o i n a g e .
Costa Uica
Great Britain
Mexico
Spain
Gold coin.
$195.90
5,261.10
206.44
o
S o u t h Africa
Japan
Mixed
Total
Silver coin.
$1,71L30
350. OS
Total.
$195.90
5 261 16
1, 917. 74
350 03
5.00
5.00
117.00
663. 98
637. 85
1, 301. 83
6, 449. 42
2, 699.^18
9,148.60.
117.00
DIRECTOR O F T H E MINT.
M I N T A T SAN FRANCISCO.
The value of deposits of gold and silver at the mint at San Francisco during the fiscal year is exhibited in the following table:
D E P O S I T S AT T H E M I N T AT SAN FRANCISCO, F I S C A L Y E A R
Metal.
.
Standard ounces.
L 266, 760.479
2, 408, 278. 52
Gold
Silver
'
1888.
Value. ^
$23, 567, 636.83.
2, 802, 360.43
26, 369, 997. 24
Total
The melter and. refiner operated upon 2,603,513 standard ounces oC
gold, made 890 melts of gold ingots, of which 3 were condemned, and
at the close of the fiscal year- returned to the superintendent .1,103.185
staudard.ounces of gold in excess of the amount with which he was
charged.
The same officer operated upon 4,675,920 standard ounces of silver
during the year, made 2,821 melts of silver ingots, of which 4 were condemned, and returned in settlement a surplus of 1,216 standard ounces.
The coiner operated upon 2,592,643 standard ounces of gold, and
coined $12,555,000 in double eagles, $7,260,000 in eagles, and $2,995,000
in half eagles; a total of 1,952,750 pieces of gold, of the value of
$22,810,000, with a percentage of 47.2 of good coin from ingots operatecj
upon. His wastage in g:old was 64.248 ounces.
The same officer operated upon 5,135,397 standard ounces of silver.,
and manufactured 2,304,000 silver dollars, $192,000 in quarter dollars,
and $395,284.80 in dimes; a total of 7,024,848 pieces of silver of the value
of $2,891,284.80, with a percentage of 47.8 of good coin produced. His
wastage of silver w^as 851.91 standard ounces.
The business of the melting department of the mint at vSan FranciscO)
for a series of years.is exhibited in the following table:
AIIELTS OF INGOTS
MADE
AND CONDEMNED .\T T H E M I N T
CISCO FKOM 1874 TO 1888.
AT SA?f
FR'AN-
0
Gold in got melts'.
Silver ingot melts.
Fiscal year.
Made.
1874
3875
.
.'
1876
1877 . . .
-.
1878
1879
•
--
1880
1881'
1882
1883
1884
1885
1886
1887
1--'..
.
•
1888
Total
Condemned.
Made.
Condemned.
813
925
942
1,141
1, 393
981
931
LOSS
. 958
901
767
677
935
958
890
5
13.
6
3
19
4
3
8
8
5
4
1
3
1,086
2, 821
4
14, 245
84
107,103
' 161
2
2, 618
4,378
9, 454
33,210
10
15
11
13, 610
8
14
12, 789
14
8,104
14
12,617
10,719
7, 509
5, 539
2, 619
38
20
12
1
•H
120
REPORT
ON T H E FINANCES.
The operations of the coiner's department for a series of years are exhibited in the following table:
OPERATIONS I N T H E C O I N E R ' S DEPARTX^IENT O F T H E M I N T AT S A N F R A N CISCO FOR T H E KSIX YEARS E N D E D J U N E 30, 1888.
Fiscal years.
Coinage.
GOLD.
P e r cent.
Actual
waste.
Gain.
Stand.ozs. S t a n d ozs.
134. 715
120.300
70. 337
47. 018
19 540
47.6
47.2
64.248
f
1882-'83
1883-'84
1884-*85
1885-'86 .
1886-'87
1887-'88
'
„
..
.
.
.
.. .
Total aud mean
$26, 760. 000
23,543,500
20, 857, 500
27, 080, 000
22, 360, 000
22, 810, 000
• 54.7
54.3
64.7
52
143, 411, 000
436. 618
19 540
SILVER.
]882-'83
1883-'84
1884-'85
1885-'86
1886-'87
1887 '88
:
.
.
.
$7, 350, 000. 00
4, 850, 000. GO
2, 908, 799. 70
49, 066. 20
. . . .
• 855,812.60
2, S91, 284. 80
. .
Total and mean
18, 904, 963. 30
51.5
52.5
^453. 3
52.8
53.9
47.8
638. 76
618.13
192. 00
..58
140. 80
851.91
2, 442.18
'.
The value of foreign coins deposited at the mint at San Francisco
during the year is exhibited in the following table:
VALUE
OF F O R E I G N GOLD Convs D E P O S I T E D AT T H E M I N T AT SAN F R A N ,
Cisco, F I S C A L Y^EAR 188:^. .
Country.
England (Australian sovereigns)
England (sovereigns)
Mexico
Costa Eica
France.
Mixed foreign coins
Mixed foreign and mutilated United States coius
Total
Value.
$3,871,370.95
9, 715. 36
76,802.64
211.55
142.16
18, 900. 07
23, 684. 02
4, 000. 826. 75
DIRECTOR OF T H E
121
MINT.
The expenditures of the miut at San Francisco during the year for
the several classes of supplies and in the difierent departments are exhibited in the following table:
%
E X P E N D I T U R E S AT T H E
M I N T AT SAN
FRANCISCO FOR
F I S C A L YEAR
G e n e r a l dep ar t m e n t . A s s a y e r ' s C o i n e r ' s
departdepart. ment.
ment.
MechanProper.
ical.
Supplies, etc.
$1, 262. 70
Acids
1888.
M e l t e r a n d refiner's
department.
Proper.
$59.10
Refinei^y.
$14,858.43
159.40
Bel tiuo-
$6.16
'
$295. 26
"Charcoal
85.00
Chemicals
Coal
Coke
•Crucibles, covers,
29.25
4L25
20.08
441. 28
$797. 49
718. 75
107.45
"75. 80
11, 244. 81
1, 332. 35
4, 550. 00
stirrers.
D r v ffoods
Freight and d r a y a g e . . . .
Gas
Gloves and gauntlets.
Hardware
.. - ..
Ice
IrOn a n d steel
297. 89
1,202.19
2,091.00
121. 50
259.32
463.91
Labor and repairs
Lumber
1
2, 324. 33
Machinery aud appliances ...
Metal-Ayorh a n d c a s t i n g s
Oils
Salt
'Sewin »•
Stationery, printing,
bindin""
Sundries
T e l e g r a p h ing
Washing
88.45
5.70
120.00
.95
53.15
1,198. 21
382. 93
241.05
88.34
679. 24
95.98
3, 012. 00
411.33
78. 58
11.70
913. 20
15.39
57. 57
Total
Salaries
W a g e s of w o r k m e n
Aggregate
228.28
637. 29
734. 99
14.43
134.12
2, 006. 56
79.00
73.44
20.50
44.90
140. 40
69.11
32. 37
284.15 . 2,655.50
413. 07
154.38
210. 73
67.19
70. 00^
.35.00
147. 52
L50
57. 00
369.30
1, 759. 97
-
and
Water
Wood
Zinc
•
1.00
418.65
400.27
334. 87
796.25.
400. 00
410.90
21,440.50
2.00
10.50
7.50
110. 00
•
18.00
277. 25
90.00
13.13
255. 33
2, 457.27
6,928.07 11, 861. 28
21, 632, 72
203. 70
2,209.62
5, 045. 23
2,147. 61
25, 24.0. 24
67, 302. 00
6, 600. 00 5, 000. 00 5, 000.00
20, 797. 00 69,948.18 22, 29L 75
30, 503.25
113,982.74
5,045.23 29, 544. 61 81, 876.25 39,153.03
52,136. 97>
122
R E P O R T ON T H E
FINANCES.
EXPENDITURES AT THE M I N T AT SAN FRANCISCO FOR FISCAL YEAR
1888-
CoiitiQued.
.
Supplies, etc.
SUMMARY.
Acids
Assayers' materials.
Belting
Charcoal
Chemicals
Coal
Coke
Copper
Crucibles, covers, stirrers, and
dipper.-^
Dry goods
,
Freight and drayage
^.
Gas
Gloves and gauntlets.
Hard \s are
Ice
Iron and steel
Labor and repairs
180. 23
159. 40
301.42
925. 02
391.33
244. 81
332. 35
550. 00
198.21
963. 20
203.19
091. 00
260. 24
662. 94
463.91
165.'61
215. 50
TotfT
tal.
Supplies, etc.
Total.
Lumber
,
Machinery and appliances
Metal work and castings
Oils..-.
Salt...
Sewing
Stationery, printing, and binding
Sundries
Telegraphing
°
Washing
-.
Water
Wood.
,
Zinc
Total
.$509. 053, 388. 95
2, 715. 94
382. 58
149. 02
2,186.27
446.15
888. 02
334. 87
796. 25
603. 7a
2, 875. 85
2, 470.40'
69,055.41
Salaries
Wages of workmen.
41,840.24
210, 842.18
Aggregate
321, 737. 83
OPERATIONS.
Bars manu factnred, silver
.'-..'
Coinage.
$526, 674. 02.
Pieces.
Value.
1, 952,750 $22, 810, 00(). OO
2, 89I,28L80
7, 024, 848
Gold
Silver
Total
8, 977, 598
26,701,284.80
MINT AT NEW ORLEANS.
The amount and v^alue of the gold and silver deposited at the mint
at Kew Orleans during the year were as follows :
DEPOSITS AT THE M I N T AT N E W ORLEANS, FISCAL YEAR
Metals.
S t a n d a r d ounces.
• 7, 018. 598
9, 784, 038. 60
GoldSilver
Total
1888.
Value.
•' $130, 57?. 5611, 385 064. 09-31,515,642.65
The melter and refiner operated upon 63,071 standard ounces of gold
during the year, with a wastage of .331 standard ounce. The same
oflficer .operated on 19',487,283 standard ounces of silver, with a wastage
of 9,606.29 standard qunces. While the silver wastage of the melter
and refiner was larger than usually incurred in the other mints, it was.
considerably less than for the preceding year.
DIRECTOR
'
123:
OF T H E MINT.
The coiner operated upon 33,796 standard ounces of gold, and manufactured 13,500 eagles ($135,000). His wastage was 3.362 standard
ounces. He. operated on 19,050.561 standard ounces of silver, manufacturing 11,900,000 silver dollars, with a wastage of 2,953.92 standard
ounces.
The value of the foreign coins deposited at the mint at Few Orleans,
during the year is exhibited in the following table:
VALUE
OF F O R E I G N
C O I N S DEPOSITED AT T H E M I N T AT N E W ORLEANS
DURING THE FISCAL Y E A K 1888.
'
Countries.
Gold coins.
Central America
South America
Mexico
'.
.
-.--
E n g l i s h (sovereigns)
Peru
-•
M i x e d foreign
.:
Silver
coins.
$522. 68
$208.98
132.13
197.84
29, 125. 61
3, 878. 57
--
404. 26--
-
--
Tol al
6, 702. 66
925.83
1LS0L76
30, 796.81
The expenditures of the mint at ]N"ew Orleans for the several classes
of supplies and in the different departments are exhibited in the following table:
E X P E N D I T U R E S AT THE M I N T AT N E W ORLEANS F O R T H E F I S C A L Y^EAR 1888.
General department.
Supplies, etc.
Proper.
Acids
Mechanical. .
,
Assayer's
department.
Coiner's
department.
M e l t e r a n d refiuer's department.
Proper.
$52. 79
$2.64
Refinery.
$267. 7 1
526. 36
IBelting
Charcoal
$83. 62
Chemicals
Coal
60.03
298. 92
3, 600. 00
2, 068. 00
Coke
Copper
Crucibles,
$819. 00
136. 79
8, 400. 00
(
covers, stirrers,
and dippers
D r y goods
F r e i g h t a n d drayao"e.
Gas a n d electric lights
Gloves and gauntlets
Hardware
Ice
I r o n and- steel
Labor and repairs
.........
L o s s on sale of s w e e p s .
Lumber
Machinery and appliances...
M e t a l w o r k and c a s t i n g s
Oils
1, 75L 38
693.93
338. 08
924.00
' 18. 28
400. 00
214.50
• $140.48
2, 516. 42
.
393.86
400.00
444. 40
1,131.29
8<o 7 0
107.50
1, 250. 89
20.00
156. 40
1, 338. 90
836. 50
40.44
875. 90
25. 35
1, 420. 09
97.09
488. 60
300.00
1, 563. 88
,
99.00
57L58
297. 66
35.10
124
R E P O R T ON T H E
EXPENDITURES
AT
THE M I N T
AT N E W
FINANCES.
ORLEANS FOR
THE
FISCAL
Y^EAR
1888-
Continued.
General department.
Assayer's
department.
Supplies, e t c .
Meceanical.
Proper,
•Sewing
Stationery,
binding
printing,
i.....
and
M e l t e r a n d refiner's department. '
Proper.
$4.35
372.50
2, 008. 24
88. 50
153.30
,
"Sundries
'Telegraphing
"Washing
Water
Wood. i
Zinc
Coiner's
d ej) artm e n t.
$38. 34
$140. 35
$168.00
1, 532. 66
370.15
Refinery.
27.00
$500. 00
^.
2, 963. 87
$14. 99
Total
8, 528. 24
Salaries
.
AViiges of w o r k m e n !
7, 547. 79
17,150.00
39, 069.13
64, 747. 37
A2:2:T'ee'ate
7,517.79
1,245.97
10,302.81 15,727.36
5,95L65
3,387.16
4,400.00
60,453.48
4,400.00
21,371.47
10,584.78
75,156.29
41,498.83
323 14
323 14
SUMMARY.
S u p p l i e s , etc.
Acids
i
Assayer's materials
Belting
'Charcoal
Chemicals
Coal
: '.
Coke
Copper
;
Supplies, etc.
^.
$323.14
526. 36
83.62
819.00
49.5. 74
3, 600. 00
2, 068. 00
8, 400. 00
•Crucibles, c o v e r s , s t i r r e r s , a n d
1,75L38
dippers
i.>ry goods
F r e i g h t and drayage
^Gas a n d electric l i g h t s
Gloves and gauntlets
Hardware
Ice
Jlron and s t e e l
Labor and repairs..,
1, 032. 01
140.48
2, 515. 42
942.28
393. 86
L 101.20
571. 90
4, 713. 98
.
Amount.
L o s s on sale of s w e e p s
Lumber
Machinery and appliances
Metal work and castings
Oils
Sewing
Stationery, printing, and binding
$40. 44
901.25
3, 283. 97
767. 67
821.36
312.70
372. 50
Sundries
Telegraphing
Washing
Water
3, 949. 39
88. 50
.180. 30
500. 00
Wood
Zinc
2,963.87
14.99
Total
43, 675. 31
31, 901. 65
124,281.24
Salaries
W a g e s of w o r k m e n
Aggregate
'.
.y
199, 858. 20
OPERATIONS.
N o . of pieces.
Coinage.
'Gold
^Silver . . . ^
Ttj tal
:
Value;
13,500
11,900,000
$135, 000
11, 900, 000
11, 913, 500
12,035,000
DIEECTOR
125.
OF T H E MINT.
MINT AT CARSON.
The business of the miot at Oarson during the fiscal year has been*
confined to the receipt of gold deposits for payment of value in coin
or bars, and to the receipt of silver deposits for bars, the gold contained
being paid for in coin when desired.
The acid refinery of the mint has been in operation during the yearc
The coiner's department was closed.
V A L U E OF D E P O S I T S AND OF BARS MANUFACTURED AT T H E M I N T AT CARSQN,
FISCAL YEAR 1888.
Bars maniir
lactured.
Deposits.
Metals.
Gold
Silver
Total
$894, 921. 30
909,890. 21
$89.60''845„357. 86
1,804,811.51
845,447,45
Mr. John H. Dennis became melter and refiner April 14, 1888, succeeding Dr. D. K. Tuttle, who was appointed to the same office at the
mint at Philadelphia.
The melter and refiner's department operated upon 45,538 standard
ounces of gold during the year, with a surplus of 99.940 ounces. The
same department operated upon 766,394 ounces of silver, with a surplusof 167.6s standard ounces.
The expenditures of the mint at Carson during the year for t h e
several classes of supplies and in the difierent <lepartments are exhibited in the following table :
N
EXPENDITURES
AT T H E M I N T AT CARSON
M e l t e r and refiner's
• department.
Proper.
Proper.
Assayer s Coiner's
departdepartment.
Mechan ment.
ical.
Acids
Assayer's materials .
Belting . . . J
Charcoal
$3, 237. 53
Chemicals
50. 55
Coal
330. 41
Copper
Refinery.
$8, 064. 85
15.20
$29. 73
94.30
2.50
$136.47
97.50
F r e i g h t and d r a y a g e .
Gas
*..
Gloves a n d g a u n t l e t s
Hardware .
. .
Ice
Iron a n d steel
Labor and repairs . . .
57.10
4.58
11.00
Total.
$115.30
297. 56
360.29
569. 24
441.60
107.28
242.88-
D r y goods
Y^EAR
General department.
Supplies, etc.
Crucibles, cov e r s ,
s t i r r e r s , a n d dip-.,
pers
F O R T H E FISCAL
553. 66
37.18
/ L
*$841,718.23 fine silver bars.
555. 65
$8, 064. 8 5
130, 50
29. 73
3, 237. 53
283. 82.
330.41
97. 50
851.22'
397. 47'
2,124. 89441.60'
93.25
178. 26
200. 53
421.14
112. 00
57.10
116. 58'11. OO-
126
REPORT ON THE FINANCES
jfixPENDlTURES AT THE MiNT AT CARSON FOR THE^ FiSCAL Y E A R
Couriuued.
General department.
Melter and refiner's
de-ijartmeut.
Proper.
Proper.
Supplies, etc.
Lumber
Metal work and castings
Oils
Salt
Stationery, printing,
and bindiuo"
Sundries
Telegraphing..
Washing
Water..
Wood
Assayer's Coiner's
departdepartment.
Mechan ment.
ical.
Total.
Refinery.
36.99
36'99
':!
217. 95
61. 00
1888—
\
1.00
62.87
272. 90
75.51
151.00
457. 50
3, 677. 09
217.92
6.00
9.50
261. 04
247. 00
435. 87
57.00
10 50
62 87
533 94
75.51
151 00
457. 50
3, 924. 09
Total
10,712.83
16, 702. 88
;Salaries
Wages of workmen .. 17, 807. 00
29. 73
764. 26
3, 573. 00
136. 47 10, 89.7. 85 122 541.14
16, 702. 88
5, 614. 00 4,131. 00 31,185. 00
45, 282. 71
29.73
4, 337. 26
6, 750.47
Aggregate
15, 028. 85
70, 429. 02
Percentage of net expenses to deposits, 2.6.
ASSAY OFFICE AT IS^EW YORK.
The value of the deposits of gold and silver at the assay ofiice at
Hew York during the year was as follows:
Metals.
Gold
Silver
--Total
.
Value.
--
--
$46,721,400.52
6, 249,101. 24
52, 970, 501. 76
.
The operations of the melter and refiner's department are exhibited
an the following table :
Metals*.
Gold
.Silver
Received.
Standard ozs.
2, 525, 333
5, 243, 421
Operated on.
Surplus
returned. .
Standard ozs. Standard ozs.
809. 336
2, 519, 971
5, 205, 432
1,012.53
127
DIRECTOR OF THE MINT.
F'The amount operated on in the acid refinery was 3,703,553 gross
ounces, containing 681,392 standard oances of gold and 2,930,498 standard ounces of silv^er. ,The number ot bars made was—
•
Bars.
Metals.
•
Gold
22, 905
31,149
Silver
Total
54, 054
The value of the gold and silver bars manufactured during the year
was as follows:
Value.
Metals.
Goid
$40, 763,125. 71
Silver
6 057,364.87
Total
• ^
52, 820, 490. 58
There was 1,630,465 pounds of sulphuric acid used in parting operations. There were sold during the year 248,635 pounds of blue vitriol, and 2,389,200 pounds of Avaste acid, for which was received
$13,869.06. Old lead and iron were also sold, for which was received
^633.96, making the total amount received for by-products and old material of the melter and refiner's department, $14,503.02.
There was 652,713 gross ounces of silver from the refineiy used over
in the parting of gold deposits.
The business of the assay department was very large,, consisting of
assays of gold and silver deposits, as well as of fine gold and silver
bars, the whole involving about 117,000 weighings.
A large proportion of the silver deposits at the assay office at iJ'^'ew
York contained mercury. The difiiculty of humid determinations in
this class of deposits has been largely overcome by the use ofthe " Levol '^
ammonia method.
A plant of gas furnaces for melting gold deposits was put in during
the year, and has proved satisfactory both in convenience and economy.
Cornish rolls were placed in the sweep-cellar early in the year.
- The artesian well, electric-light plant, and independent steam supply,
referred to in my last report as having been introduced, have continued
to work satisfactorily.
The values of the foreign gold coins deposited at the assay office at
New 'York during the past fiscal year are exhibited in the following
table!:
'
'
128
REPORT .ON T H E FINANCES.
V A L U E OF F O R E I G N COINS D E P O S I T E D AT T H E ASS.AY O F F I C E AT N E W Y^'ORK
D U R I N G T H E FISCA^L YEAR 1888.
Argentine Republic
Austria
Costa Rica
.England
France
Do
Germany
Mexico
Do
Do..........
Do
Peru
Russia
. Spain
Do
Do
Do
Do
Do
Totiil of e a c b d e n o m i n a t i o n
of gold coiu, b y c o u n t r i e s .
D e n o m i n a t i o n s of
coins.
Couutrit'S of coinage.
$1,110, 56L 55
43, 360. 36
2,375.14
287,581.28
t) p e s o s . . . . . .
Florins . . . . .
Mixed
Sovereigns..
20 francs . . .
Napoleons ..
20 m a r k s
20 pesos
10 pesos
Doubloons..
Mixed
20 soles
5 roubles
25 p e s e t a s . . .
Alpbonsos . .
Doubloons . .
^ doubloons.
Isabellines..
Mixed . . . . . .
...do
100 bolivars .
Mixed . .
...do
\ .
-...:....
U n i t e d S t a t e s of C o l o m b i a .
Venezuela
Do
Various countries
:, 668, 962. 08
180, 840. 69
22. 83
8.9^
2, 849, 802. 77
640, 464. 24
136, 238. 08
8,011.31
6, 479. 49
21, 503. 75
667,131.86
14.404.23
;, 027, 863.16
31, 030.46
67, 762'. 11
18,184.96
Silver
parted
(standard
ouuces).
171, 232. 63
- 2,549.75
848, 641. 85
13,899. 85.
117. 35
3, 826, 376. 76
2, 593.44
47.91
12.87
17,914.33
763, 063. 48
57.64
867. 92'
2, 350. 69
15, 563. 64
10, 566, 517. 58
Total .
The expenditures of the assay ofiice at New York for the several
classes of supplies and in the difierent departments are exhibited in.
the following table,:
E X P E x X D I T U R E S AT T H E A S S A Y O F F I C E AT N E W
Y^ORK FOR THE FiSCAL Y E A R 1888.
2
General
department
(proper).
S u p p l i e s , etc.
Assayer's
departrnent.
Melter and reiiuer's
department.
Total.
Refinery.
Proper.
A d v e r t i s e m e r i t s for s u p p l i e s . . .
A.ssayer's m a t e r i a l s
B a r r e l s , lard t i e r c e s , a n d c o o p e r a g e .
Belting
Cbarcoal
.
. . .
Coal
Conner
. C r u c i b l e s , covers, s t i r r e r s , a n d dippers
'
$18, 342. 76
.$379. 22
, 16. 00
A cids
Adjusting weights
4, 552. 75
1, 085. 65
1, 474. 90
284. 50
4, 552. 751, 085. 65
1,474.90
288. 00'
80. 00'
152. 00
$9.00
339. 85
2. 79
65. 20
i
^
Freigbt and drayage
584.47
SO. 49
924. 60
112. 78
2,194. 62
4, 721. 60
$18, 72L 98
?)6.00
152.00
339.85
.581.47
80. 49
924. (iO'
1.15.57
2, 268. 72
4 721.60
, 3.50
^ DIRECTOR OF T H E MINT.
'
'
129
0
E X P E N D I T U R E S AT T H E ASSAY O F F I C E AT N E W Y^ORK, ETC.—ContiQued.
General
Assayer's
department department'.
(proper).
Supplies, etc.
•
Melter and refiner's
department.
Total.
Proper.
Refinery..
^
Gas
"
Gloves and gauntlets
Hardware
Ice..
i.
Labor and repairs
.
Lead (slieet and pipe)
..
Lumber
.
.
Macbinery and appliances
Metal-worli and castings
Oils and lard
Repairing balances
Salt
Sewino"
.
.
Stationery, printing, and binding..
Steam
Sundries... .
Telegrapbin '^
Water
Wood
Total
$495.74
$700.63
3.18
70.52
9.61
233.40
214.10
2, 469. 97
214. 66
5.00
429. 75
Affsresrate
529.70
259. 00
$1, 711. 99
282. 44
32.70
70.52
69.32
1,315.34
1, 289.84
337. 65
4, 974. 76
650.70
163.00
479.75
5.00
193. 80
184. 34
6,654.50
2, 408.29
19.33
529. 70
259. 00
48, 245.18
57, 038. 65
69.32
867. 84
1, 289. 84
337. 65
2, 290.13
65l>. 70
158. 00
50.00
5. 00
193.80
184. 34
653.31
1, 356.74
.19.33
630. 53
6,165.78
Salaries
Wages of workmen
$515. 62
282. 44
19. 91
2, 627. 59
6, OOL 19
421.02
22, 550. 00
10, 979. 50
11,200.00 $5, 500.00
12, 599. 00
45,406.60
39, 250.00
68,985.10
39, 695.28
26,426. 59 5, 500.00
93, 651. 78
165, 273. 65
OPERATIONS.
Bars manufactured:
Gold...^
Silver...........
$46,763,125.71
6,057,364.87
Total
52,820,490.58
.
MINOR ASSAY OFFICES.
DEPOSITS, EARNINGS, AND E X P E N D I T U R E S
Institutions.
Denver
Helena
Bois6 City
Charlotte
Saint Louis
Deposits.
:... .
Totals
OF M I N O R ASSAY O F F I C E S ,
Earnings.
Expenses.
$1, 800, 640.16
1, 353, 546. 42
929,595.17
283, 619.81
154, 504. 60
$5.403.20
4, 994. 62
2, 478. 06
1, 369. 65
774.41
*$31,092. 95
25,171. 27
tlO, 613. 26
4,612.58
+5, 549.19
.4, 521, 906.16
15,019.94
77, 039. 24
Percentage
of net
expenses to
deposits.
L4
L5
.8
1.2
3. 0
* Includes $1,999.70 for repairs of building (24 Stats., 511).
t Includes $1,000 for repairs of building (24 Stats., 613).
X Includes $440 for rent, pending repair of building in wbicb located by act of Feb. 1,1881.
H. Ex. 2
9
130
REPORT
ON T H E
FINANCES.
M I N T AT D E N V E R .
The business of the mint at Denver, conducted as an assay office, is
exhibited, for the fiscal year 1888, in the following table:
M I N T AT D E N V E R ,
1888.
Amount.
Items.
Deposits..
Earnings..
Expenses*
$1, 800, 640.16
5,403.20
31, 092.f5
P e r c e n t a g e of n e t e x p e n s e s to d e p o s i t s , 1.4.
* I n c l u d e s $1,999.70 e x p e n d e d for r e p a i r s of b u i l d i n g (24 S t a t s . , 511).
The value of the deposits increased $207,348.50, while the percentage
•of expenses, including ainount expended for repairs of building, was
less than in the preceding year.
The expenditures ofthis institution for the several classes of sup\ plies ar^ exhibited in the following table:
E X P E N D I T U R E S AT THE M I N T AT D E N V E R FOR THE F I S C A L Y E A R
General department.
Supplies etc.
Proper.
Mechanical.
Coke
C r u c i b l e s , covers, s t i r r e r s ,
and dippers
Fluxes
.'.
Freigbt and drayage.
Gas.....
i
Hardware
Ice
Lumber
Machinery and appliances..
Oils.....
R e p a i r s of b u i l d i n g
$21. 00
142.50
17.35
269.10
.40
.75
213. 81
1L05
174.15
116.75
2L55
213. 81
17.96
369. 94
15. 55
90.38
43.30
30.94
459. 00
6.25
25.90
63.27
71.34
52.49
31. 50
8L42
611.90
.50
1, 785. 82
Salt
Station ery, p r i n ting, a n d b i n d
Salaries
W a g e s of w o r k m e n .
Aggregate
---
.25
.15
122.00
.25
3.75
16.65
1.50
59.39.
768.38
12.98
30.85
35.00
50.00
20.00
1.70
3, 768.34
843.14
358. 26
8, 700.00
6, 260. 01
108.10
18, 728. 35
951, 24
4, 559. 52
Total.
$30.00
24.92 .
2L00
142. 50
$24. 92
Belting
Coal
Total
Melter and
refiner's department
proper.
$30.00
Assayer's materials
ing
Sundries
•I'elegraphing
Washing
Water
Zinc
Assayer's
department.
1888.
180. 40
142. 65
102. 92
768. 06
81.90
31. 50
112. 36
1,484.14 .
16.20
1, 999. 70
.50
59.39
794. 28
12. 98""
30.85
105. 00
L70
1,173.21
6,142. 95
2, 250; 00
3, 430. 63
10, 950. 00
14, 000. 00
6, 853.84
31,092.95
131
DIRECTOR OF THE MINT.
ASSAY OFFICE AT HELENA, MONTANA.
The business of the assay office at Helena, Mont., for the fiscal year
qs exhibited in the following table :
ASSAY OFFICE AT HELENA.
Items.
Deposits.
Earnings.
Expenses
1, 353, 546. 42
4, 994. 62
25,171.27
Percentage of net expenses to deposits, 1.5.
F The value of the deposits fell off during the year $96,122.73, while
the ratio of expenses to deposits remained about the same.
I^The expenditures of this institution for supplies are exhibited in the
following table:
EXPENDITURES
AT T H E ASSAY O F F I C E
AT H E L E N A
FOR THE FISCAL YEAR
1888.
Assayer's
department.
Supplies, etc.
Acids...
Assayer's materials
"Chemicals
..
•^^rucibles, covers, stirrers, and dippers.
Drv ffooda .
.
.
.....
Freight and dravage
^as
Gloves and gauntlets
Hardware
Ice
'.
Iron and s t e e l . . . . . . . . . . . . . . . . . . . .
.
Labor and repairs
;.
Machinery and appliances
......
Metal work and castings
^Oils
Stationery, printing, and binding
^Sundries
Telegrapbing
•
Wasbing
- Water
Wood
.Zinc
Total
.
. . . .
M e l t e r ' s department
(proper).
$29.45
$29.45\
IOL 65
101 65
7.80
7 80
$358. 55
358. 55
6.25
106 64
627 25
3. 00
14 75
25.95
100. 39
25 95
627.25
11.75
.
Total.
14.08
14.08
35.96
35 96
6.38
6 38
267. 48
' 93. 25
360 73
1, 937.80
5.97
44.95
362.25
2,300.05
310 97
305. 00
44 95
147. 93
147. 93
369.21
61.16
43.00
369 21
51 16
100. 00
100 00
411.51
43 00
411.51
3.30
3 SO
4, 336. 59
L 134.68
5, 471. 27
^Salaries
6, 450. 00
W a g e s of w o r k m e n
9, 379. 50
2, 250. 00
2, 620. 50
7, 700.00
12, 000.00
19,166. 09
6, 005.18
25 171 27
Aggregate
132
R E P O R T ON T H E FINANCES.
ASSAY OFFICE AT BOISE CITY, IDAHO.
The business of the assay office at Bois6 City during the fiscal y e a r
is exhibited in the following table:
ASSAY O F F I C E AT B O I S E C I T Y ,
1888.
Items.
Deposits.
Earnings.
Expenses
$929, 595.17
2, 478. 06
10,613.25
Percentage of net expenses to deposits, .8.
* Includes $1,000 expended for repairs of building (24 Stats., 613).
As compared with the business of the fiscal years 1886 and 1887, the
increase in value of deposits amounts to $807,133.54 and $181,095.55respectively. The business of 1888 was sevenfold that of 1886.
The percentage of expenses to deposits has been reduced from I J im
1887 to four-fifths of 1 per cent, duringthe fiscal year 1888.
The expenditures ofthis institution for supplies are exhibited in the^
following table:
E X P E N D I T U R E S AT T H E ASSAY O F F I C E AT* B O I S E C I T Y F O R T H E FISCAL YEAR.
1888.
Sripplies, etc.
Amount. ^
Acids
,
Assayer's materials.. —
Charcoal
Cbemicals
Coal
Coke
Crucibles, covers, stirrers, and dippers
Dry goods
,
Eluxes .".
Ereight and drayage
Gloves and gauntlets
Hardw are
Ice
Labor and repairs
Lumber
\
Oils..
Repairs of building
,
Stationery, printing, and binding
Sundries
Telegraphing and telepbone rent
Wasbing
Water
Wood
$101. 29
294. OO
562. 50
23. 98
'l2L 00
12. 00
50.77
17.47
72. 50^
156. 73
13.75^
83.36
35.009.75
30.64
60. 60
1, 000. 00^
44.54
145.0079.62
18.00
125. 00
241. 00^
Total
Salaries
Wages
3, 297. 60
3, 000. 00>
4, 315.75
Aggregate
.'
10,613.25
133
DIRECTOR OF T H E MINT.
ASSAY OFFICE AT CHARLOTTE, N. C.
The business of the assay office at Charlotte, IST. C , is exhibited in
4he following table :
<
ASSAY O F F I C E AT CHARLOTTE,
1888.
Items.
Deposits
Earnings
Expenses
Amount.
$283, 619..81
1, 369. 65
4, 612.58
; Percentage of neb expenses to deposits, 1.2.
The value of the deposits at this institution was greater than in the
^preceding year by $59,393.46, while the percentage of expenditures to
'deposits was reduced from 1.6 in 1887 to 1.2 in 1888.
The expenditures of this institution for supplies are exhibited in the
if olio wing table:
,
EXPENDITURES
AT T H E ASSAY
O F F I C E AT CHARLOTTE
Y E A R 1888.
Supplies, etc.
Acids
A8sa3'^er's materials
Charcoal
^
Chemicals
Coal
•Crucibles, covers, stirrers, and dippers
Dry goods
Fluxes
Freight and drayage
' Gas
Hardware
;
Ice
Xabor and repairs
vLumber
.'
Metal-work and castings
,
Sewing
"Stationery, printing, and binding
...
-Sundries
"Telegraphing
•
"Water
Wood
Total
-S-alaries
Wages
Aggregate
FOR THE FISCAL
Amount.
$5.25
212.57
87.40
41.95
43.75
178. 01
15..50
67.28
10.96
66.75
21.25
8.88
38.40
4.38
12. 25
4.10
10.95
39.70
65.10
40.00
63.00
1, 037.43
2, 750.00
825.15
4, 612.58
134
REPORT ON T H E FINANCES.
ASSAY OFFICE AT SAINT LOUIS, MO.
The business of the assay office at Saint Louis during the year is^
exhibited in the following table:
ASSAY O F F I C E AT SAINT L O U I S , M O . , 1888.
Items.
Amount.
Deposits..
Earnings..
Expenses .
$154, 504. 60
774.41
5, 549.19
Percentage of net expenses to deposits, 3.
The value of the deposits at this institution was greater than in the
preceding year by $41,555.66, while the ratio of expenditures to deposits was reduced from 3.9 per cent, in 1887 to 3 per cent, in the pastfisca!>
year.
.
•
E X P E N D I T U R E S AT THE ASSAY O F F I C E AT SAINT L O U I S FOR THE F I S C A L YEAR
1888.
Supplies, etc.
Acids
Assayer's materials
Charcoal
Chemicals
Crucibles, covers, stirrers, and dippers
Dry goods
Fl uxes
Gas
Hardware
...
Ice
Iron and steel
Labor and repairs
,
Oils
...:
Rent
Salt
Stationery, printing, and binding
,
Sundries
Washing
Total
...:
29.16.
9.00.
. 90> ,
. 32. 05
.6011. 50105.303.15-
e.eo2.6544.60>
2. 50' ,
440.00
.1^
4.82.
35.9519. op760. 25
Salaries
Wages
3, 403.941, 385. 00-
Aggregate
5, 549. W'
ANNUAL TRIAL OF COINS.
The following-named gentlemen were designated by tlie President ol
the United States to examine and test the fineness and weight of coins
reserved by the several mints during the calendar year 1887, as required
by seiction 3547 of the Eevised Statutes: Zebulon B. Yance, United
States Senate5 Thomas M. i^orwood, House of Representatives; George
'
DIRECTOR OF THE MINT.
135
F. Becker, San Francisco, Cal.; C. Elton Buck, Wilmington, Del.;
Charles B. Dudley, Altoona, P a . ; W. P. Lawver, Bureau of the Mint,
Washington 5 J. W. Mallet, University of Virginia, Ya.; Alfred M,
Mayer, Hoboken, IST. J.; Frank Nicholson, Saint Louis, Mo.; John
M. Ordway, Kew Orleans, La.; Charles S. Peirce, Milford, Pa.; Charles
E. Pellew, New York, K. Y.; Eaphael Pumpelly, Newport, R. I.; David
K. Tuttle, Carson City, Nevada; Henry F. Wild, Bois6 City, Idaho.
The ex officio members present were Judge William Butler, of the
United States district court for the eastern distiict of Pennsylvania,
and Herbert G. Torrey, assayer of the United States assay office at
New York.
The Commission met at the mint at Philadelphia Wednesday February 8,1888, and in the presence of the Director of the Mint proceeded
to test as to fineness and weight the gold and silver coins reserved at
the mints at Philadelphia, San Francisco, and New Orleans during the
calendar year 1887.
The commiittee on weighing reported that an examination of the coins
reserved showed that all the coins tested were correct within the limits
of deviation allowed by law.
The committee on assaying reported that the average fineness of 65
pieces of gold executed b y t h e mint at Philadelphia, melted'in mass,
was .900 [standard], and of 5 pieces tested singly, .90016; of 44 pieces
of gold executed by the mint at SanFrancisco, melted in mass, the
average fineness was .8999, and of 24 pieces of gold coined at the same
mint, tested singly, .89995. The average fineness of 110 silver dollars
coined at the mint at Philadelphia, melted in mass, was .8998, and of
22 pieces assayed in tests of 2 x^ieces, .8995. The average fineness
of 931 dimes coined at the same mint, melted in mass, was .900 [standard;], and of 16 pieces assayed in tests of 2 pieces, .89956.
The average fineness of 50 silver dollars coined at the mint at San
Francisco, melted in mass, was .8998, and of 10 pieces assayed in tests
of 2 pieces, .89976. ,The average fineness of 821 dimes coined at the
same mint was .8998, and of 8 pieces, assayed in tests'of 2 pieces. .89977.
The average fineness of 120 silver dollars coined at the mint at New
Orleans, melted in mass, was .9004, and of 24 pieces coined at the same
mint, assayed in tests of 2 pieces, .89953.
The committee on assaying reported that *^^'no coin among those
examined was found to deviate from the standard fixed by law beyond
the legal tolerance." The result of the examination and test as to
weight and fineness of the coinage of the United States is embodied
in the following resolution adopted by the Commission :
Besolved, T h a t t h e Assay Commission
of the several mints for the year 1887,
from the standard fin^iiess and weight
the trial is considered and reported as
having examined and tested the reserved coins
and it appearing t h a t these coins do not differ
hy.a greater quantity than is aHowed by law,
satisfactory.
I t will be seen that the result of the annual trial of coins was satisfactory, and that the coinage of the year was found to have been close
to the standard fixed by law.
VALUES OF FOREIGN COINS.
In accordance with the requirements of section 3564 of the Revised
Statutes the values of the standard coins of the principal countries of
the world were estimated by me and proclaimed by the Secretary of
the Treasury January 1, 1888.
136
R E P O R T ON T H E FINANCES.
' These estimates, to be followed at custom-houses of the United States
during the calendar year 1888, in determining values of invoices expressed in terms of foreign units of account, are shown in the following
table:
ESTIMATE OF VALUES OF F O R E I G N COINS.
Country.
Standard.
A rgentine Republic . Double
Monetary unit-
Peso
Par of exchf
equivalent
in terms o
gold dollar
IfOTE.—Tbe " standard" of a given country is indicated as follows, namely : Double, where
its standard silver coins are unlimited legal tender, tbe same as its gold coins ; single gpld or
single silver, as its standard coins of one or tbe other metal are unlimited legal tender.' The
par of excbange of the monetary unit of a country with a single gold, or a double, standard
,is fixed at the value of the gold unit as compared with theUnited States gold unit. I n t h e '
case of a country with a single silver standard, the par of exchange is computed at the mean
price of silver in the London market for a period commencing October 1 aud ending December 21, 1887, as per daily cable dispatches to the Bureau of the Mint.
$0. 965
.345
Austria
Sin<^le silver Elorin
Belgium
Double
Franc..........
.193
Bolivia
Brazil
Single silver Boliviano
Single gold . Milreis of 1,000
rei 3.
Single gold . Dollar
.699
.546
Briti.sli Possessions,
>'.A.
Chili
Double
Peso
Cuba
Double
Peso
Denmark
Ecuador
Single gold . Crown
Single silver Sucre
E'-'vpt
Single gold . P o u n d (100
piasters).
France
Double
Geiraan Empire
Great Britain
Sino"le gold Mark
Single gold . Pound sterling
•
-
Franc
•
Drachma
Greece
Double
G uatemala
Hayti
Honduras
Sin O'lO silver Peso
Gourde
Double
Sihgle silver Peso
Coins.
Gold: argentine ($4,824) and ^
argentine. Silver: peso and
divisions.
Gold: 4 florins ($1.9''9), 8 florins
($3,858), ducat ($2,287) and 4
ducats ($9.158). Silver: 1 and
2 florins.
Gold: 10 and 20 francs. Silver:
5'francs.
Silver: boliviano and divisions.
Gold : 5,10, and 20 milreis. Silver : 1,1, and 2 milreis.
1.00
.912
Gold: escudo ($1,824), doubloon
($4,561), and condor ($9,123).
Silver: peso and divisions.
.926 Gold: doubloon ($5,017). Sil
ver: peso.
.268 Gold : 10 and 20 crowns.
-.699 Gold: condor ($9,647) a n d
double-condor. Silver: sucre
aud divisions.
4.943 Gold: pound (100 piasters), 50
piasters, 20 piasters, 10 piasters.
and 5 piasters. Silver: 1,2,5,
10, and 20 piasters.
.193 Gold : 5,10, 20, 50, and 100 francs.
Silver: 5 francs.
.238 Gold : 5,10, and 20 marks.
4. 866i Gold: sovereign (pound sterling) and I sovereign.
.193 Gold: 5, 10, 20, 50, a n d 100
drachmas. Silver: 5drachmas.
.699 Silver : peso and divisions.
.965 Silver: gourde.
.699 Silver: di%dsions of peso. '
137
DIRECTOR OF T H E MINT,
'
Standard.
Country.
India
Monetary unit:
• .. Single silver Eupee of 16
annas.
Lira
Double
Italy
Par of excl lange or
equivaler t value
in terms of U. S.
gold dolkir.
ESTIMATE OF V A L U E S OF F O R E I G N COINS—Continued.
.332
.193
Japan
Double* ^...
.liiberia
Mexico
Single gold . Dollar
Single silver Dollar
.997
.753
1.00
.759
l!f etberlands
Double
Florin
.402
Nicarao'ua
Norway , .
Peru
Portugal
..
Spain
(Gold.
Peso
Crown
Sol
Milreis of 1,000
reis.
Single silver Rouble of 100
copecks.
.699
.268
.699
1.08
Peseta of 100
centimes.
Single gold . Crown
Franc
Double
.193
Single
. . . Single
Single
Single
Russia
^
7 « ° - l Silver
silver
gold,.
silver
gold .
Double
Sweden
Switzerland
Tripoli
Turkey
United States of Colombia.
Venezuela
.559
..268
.193
Single silver Mabbub of 20
piasters.
Single gold . Piaster
.63
Sino'le silver Peso
.699
Single silver Bolivar
.14
.044
•
Coins.
Gold: mohur ($7,105). Silver:
rupee and divisions.
Gold : 5, 10, 20, 50, and 100 liras.
Silver: 5 liras.
Gold : 1, 2, 5,10, and 20 yen.
Silver: yen.
Gold: dollar ($0,983), 2h 5, 10,
and 20 dollars. Silver: dollar
(or peso) and divisions.
Gold: 10 florins. Silver: h, 1,
and 2^ florins.
Silver: peso and divisions.
Gold: 10 and 20 crowns.
Silver: sol and divisions.
Gold : 1, 2, 5, and 10 milreis.
Gold: imperial ($7,718) and ^
imperial! ($3,860). Silver: i,
I, and 1 rouble.
Gold: 25 pesetas. Silver: 5
pesetas.
Gold: 10 and 20 crowns.
Gold: 5,10, 20, 50, and 100 francs.
Silver: 5 francs.
Gold: 25, 50, 100, 250, and 500
piasters..
Gold: condor ($9,647)
and
double-condor. Silver: peso.
Gold : 5,10,20, 50, and 100 bolivars. Silver: 5 bolivars.
* Gold the nominal standard ; silver practically the standard,
t Coined since January 1, 1886. Old half-imperial — $3,986.
The average price of silver in London for the period commencing
October 1, 1887, and ending December 24, 1887, was 44.0876 pence per
ounce, British standard, equivalent at the par of exchange to $0.96645,
per ounce fine, a decline of $0.0389 from the average price for the corresponding period of the preceding year. This decline in the price of
silver occasioned a change in the estimated values given the following,
ooins:
138
REPORT ON T H E
FINANCES.
CHANGES I N VALUES OF F O R E I G N COINS FROM 1887 TO 1888.
Coins.
Florin of Austria
Boliviano of Bol ivia
Sucre of Ecuador
Kupee of India
•.
Ten of Japan
Dollar (or peso) of Mexico . .
Sol of Peru
Eouble of Eussia
Mabbub of Tripoli
Dollar (or peso) of Colombia
Bolivar of Venezuela
Value
Jan. 1, 1888.
1.345
.699
.699
.332
.753
.759.699
.559
.630
.699
.140
It may be proper to state that the change in the bolivar of Venezuela
from $0,193, corresponding to the value of the French franc, to S0.14
on the .1st of January, 1888, was occasioned by the change upon the
part of Venezuela from the double to the single silver standard.
In the Department circular of values of foreign coins the value of the
pesos of Guatemala, Honduras, and ISiicaragua, the same for the three
countries, was estimated for the first time January 1,1888.
Efforts have been made at the instance of this Bureau by the Department of State to obtain definite iniormation in regard to the monetary
unit, or money of account, of Tripoli, but so far the information has
not been satisfactory.
The values of the gold and silver yen of Japan were again estimated
separately for the reason, as stated in my last report, that while the
standard of Japan by law is gold, silver is practically the standard, and
invoices of merchandise from Japan are generally in terms of the silver
yen.
' In response to a resolution of the Senate dated April 30, 1888, requiring the Director ofthe Mint to furnish certain information relative
to the annual estimate of values of foreign coins prepared by him under
the provisions of section 3564 of the Kevised Statutes, the following
letter with part of its appendix was communicated to the Senate May
7, 1888, when it was ordered to lie on th'e table and be printed (MiSo
Doc. No. 106):
T R E A S U R Y DEPARTMENT, BUREAU OF THE M I N T ,
Washington, D. C.,May 4, 1888.
SIR : I have the honor to acknowledge the receipt of Senate resolution dated April
30, 1888, as follows:
'
.
^^Besolved, That the Director of the Mint be, and he is hereby, directed to furnish
the Senate with the cijcular values of foreign silver coins prepared by him under the
provisions of section 3564 of the Revised Statutes, and to inform the Senate o f t h e
exact amount of pure silver in each of the silver coins named in said circular, and
ailso to inform the Senate avhether the values of such silver coins as designated in said
circular are estimated by him according to the pure silver contained in them respect-'
ively."
Along with the last circular of this Department, proclaiming, in accordance w i t h
section 3564 of the Revised Statutes, the values of foreign coins, expressed in the
money of account of the United States, in terms of which invoices of foreign merchandise are commonlj^ expressed, I have t h e honor to submit, in conformity to the
above resolution, a table o f t h e number of grains of pure silver contained in each
foreign silver coin mentioned in the circular referred to.
In estimating the values of foreign coins in the case of countries of a single silver
standard the values of the monetary units, and consequently of the silver coins, are
DIEECTOK
OF
THE
MINT.
13&
determined by ascertaining the m a r k e t value of the pure silver in such units, based
upon the mean price of silver in the London market for a period commencing October
1 and ending December 24 last preceding, as per daily cable dispatches to the Bureao
of t h e Mint.
I n t h e case of countries having the double standard t h e value of t h e bimetallicp a r is ascertained by comparing t h e amount of pure gold in a given u n i t w i t h th©
p u r e gold in the unit o f t h e United States.
Respectfully yours,
'
;
'
J A S . P . KIMBALL,
Director of the Mint,
The P R E S I D E N T PRO TEMPORE O F T H E SENATE.
N U M B E R O F GRAINS O F P U R E SILVER CONTAINED I N E A C H OF T H E S I L V E R
COINS N A M E D I N T H E CIRCULAR OF J A N U A R Y 1, 1888 ( T R E A S U R Y D E P A R T MENT).
Country.
Argentine Republic
Austria
Belgiurd
Bolivia
Brazil
Chili...
Ecuador
J^gypt
France
Greece
Guatemala
Hayti
Honduras
India
Italy
Japan
Mexico
Netherlands
Nicaragua
Peru
Bussia
Spain
Switzerland
Tripoli
TJnited Sta,tes of Colombia
Venezuela
Silver coins.
Peso (divisions)
2 florins
Florins
'.
5 francs
Boliviano (divisions)
2 inilreis 1
Milreis . > (limited tender)
^ milreis )
Peso (divisions)
Sucre (divisions)
20 piasters
10 piasters
.5 piasters
2 piasters
1 piaster
'
5 francs
5 drachmas
Peso (divisions)
G ourde
Peso (divisions) .....*
Rupee
^ rupee,
5 lire
Ten
Dollar (divisions)
2^ florins
1 florin
^ florin
Peso (divisions)
Sol (divisions)
Rouble
^rouble
i rouble
5 pesetas
5 francs
Mabbub
Peso (divisions)
5 bolivars
Grains of
pure silver
contained.
347.22
342. 932
17L466
347.22 .
347.22
360.725
180.361
90.180''
347. 22
347.22
360.080'
180. 040
90. 02O
36.008
18. 004
347. 22
. 347. 22
347. 22
347.22
347.22
165. 00
82.50
347. 22
374.40
377.17
364.581
145.832
72. 916
347.22
347.22
277. 71
138.8&
69.42
347. 22
347.22
313. 20
347.22
347. 22
140
R E P O R T ON T H E FINANCES.
The estimate of values of foreign coins appended to the above communication is cited on a precediog page of this volume (p. 55),
The following is a transcript of Department Circular No. 11, division
of custoins, dated January 16, 1888, addressed by the Secretary ofthe
Treasury to collectors of customs and others:
' ' T h e Department, by its decision of October 16, 1886, by the advice of the Director
of the Mint, prescribed t h a t t h e Shanghai tael should be t a k e n at the value of
f 1.1094 for custom-house purposes. I t has, however, been claimed t h a t such valuation is excessive at the present tirae, and the matter was again referred to the Director of the Mint for investigation, who reports, under date of the 12th instant,
t h a t t h e value of the Haikwan, or customs tael of China, based on the same price of
silver t h a t was used iu estimating t h e values of foreign silver coius proclaimed in
t h e circular of J a n u a r y 1, 1888, is Sl.1505, aud t h a t the values of the local taels of
the various Chinese ports, based on the same valuation of silver, are as follows:
Amoy
11.0459 Ki k i a n g . . . .
$1.0822
Canton
1. 0354 New, C h w a n g . .
1.0604 •
•CheFoo
1.1020 Ning-Po
. . , . . 1.0866
^Chin Kiang
1.10,39 Sh an ghai
1. 0328
Foo-Chow
1.1340 Swatow
.1.0459
Hankow
1.0579 Tien-tsin
1.0957
These values should be adopted by customs ofQcers for the respective taels mentioned in all cases of liquidation of entries and importations made after the date of
these instructions."
The following memorandum relative to the tael of China is here appended:
The Chinese Covernment coins neither gold nor silver money. The
only coins struck in the Empire consist of copper and zinc, called ^' cash."
These are of various sizes and issues, very many of which, from 2,000
to 3,000, equal the value of a tael.
The tael is not a coin but a weight. Originally a measure of weight,
-as representing a given quantity of fine silver, it has become the measure
of value. All payments, in silver coin or bullion, are determined by
weight as compared with the ideal tael. the fineness of foreign coins
•being determined by Chinese assay. Hence the tael has become the
unit of account of China. As a weight the tael is divided thus:
1 t a e l ^ l O mace,
=100 candarenes,
= 1 , 000 cash.
As a unit of account, its divisions are reckoned in cents, 100 cents
equaling 1 tael. By the treaties of commerce of ]N"ovember 15, 1858, the
Ideal tael was to weigh 583.20 grains and to consist of sycee (pure)
silver.
As a matter of fact, it weighs only 579.84 grains, and its fineness, as
•determined by fifty-two assays made at the Japanese imperial mint at
Osaka, varies from .9845 to .9865, the greater number of pieces tested,
being .9855.*
iTot only does the ideal tael not correspond in weight and fineness
with the standard fixed for it, but taels differing in weight and fineness are employed for local purposes in nearly all the ports of China.
Mr. Williams, in the fifth edition of the Chinese Commercial Guide,
remarks that, at Peking, he found five scales, in which the taels differed
as follows: 548, 541, 552, 539, and 579 grains.
On January 15, 1874, Dr. Henry R. Linderman, Director ofthe Mint,
addressed a communication to Mr.^ S. Wells Williams, secretary of
* Letter of German consul at Canton: Report of Director of Mint, 1878, p . 40.
Memorandum on Currency of China, by Minister George F . Seward, in Foreign Relations of the United States, 1878, p. 136.
DIRECTOR OF THE MINT.
141
legation at Peking, requesting information in regard to the different
kinds of taels in use in China, the weight of each kind ingrains, the
fineness or contents in pure metal of each kind, and the kind of tael
most in use.
Mr. Williams, after conference with the different consuls in Chinay'
transmitted, under date of September 21,1874, to Director Linderman,
answers from six consuls at different ports of China, with the following
remarks:*
You will perceive, from a comparison ofthese six reports, ho vv confused and'uncertain is the real value of the Chinese tael, the monetary unit. I have only a faint expectation t h a t these six reports will help you to arrive at a definite decision as to the
real value ol the Chinese tael.
In 1878 Mr. Greorge F. Seward, then United States minister at Peking,
addressed to the United States consuls in China communications relative to the trade dollar, incidentally touching on the subject of the
weight and fineness of the Chinese tael.f
The taels, however, more commercially .important, are, first, the
Haikwan tael, that in which all customs dues are payable, and the
Shanghai (Chauping) tael, used at Shanghai in ordinary mercantile
transactions and exchanges with foreign countries.
^ wn]
I t is generally ,agreed that the weight employed by the Chinese Government in collecting revenue, commonly known as the Haikwan tael, is
about 580 grains, and the actual fineness of sycee, or Haikwan silver,
about .9855.
Mr. Williams, in his Chinese Commercial Guide, page 274, gives
the weight of this tael as 579.84 grains. Minister Seward places it at
579.84 grains. I In his Memorandum on the Currency of China, § he
says:
The inspector-general of customs has given me a memorandum on the weight and
iineness of the Haikwan tael. According to this it should weigh 1 ounce 4 pennyweights 3.84 grains troy, say 579.84 grains (misprinted 589.84), or 37.578 grams.
In reply to the interrogatory from the Bureau of the Mint in respect
to the standard of value in China, the secretary of the United^ States
legation at Peking says, under date of March 16, 1886:
The silver tael, according to the Treasury standard (Kuping), is absolutely pure.
The weight of this tael is 579.84 grains. ||
Taking, then, the actual weight of the Haikwan tael to be about 580
grains (579.84), and its fineness the "average of the results obtained by
the aissay of sycee silver at the Japanese mint, viz, .9855, the quantity
of pure metal contained in this tael would be 571.43 grains. At the
value of silver used in estimating the values ol foreign coins in the circular of January 1, 1888, namely, $0.96645 per ounce fine, the value of
the Haikwan tael is $1.1505. The Shanghai (Chauping) tael is reckoned
in the proportion of 100 Haikwan taels to 111.4 Shanghai taels.1]
Accordingly, the Shanghai tael contains about 513 grains (512.95) of
pure silver, which, at the price used in estimating the values of foreign
silver coins in the circular of January 1 of the present year, namely,
$0.96645 per ounce fine, would give the value of the Shanghai tael at
$1.0327.
* Report of Director of the Mint, 1875, p. 90.
t Report of Director of the Mint, 1878, p. 38.
t Report of Director of the Mint, 1878, p. 38.
§ Foreign Relations of the United States, 1878, p. 136.
II Report of Director of the Mint, 1886, p. 236.
il Memorandum on Currency of China, United States Consular Reports, 1878, p. 135»
Report of Director of the Mint, 1875, p. 90. '^Arbitrages et Parit^s," Ottomar
Haupt, Paris, 1887, p. 259.
142
REPORT
ON T H E
FINANCES.
The following table exhibits -the values of the different taels of the
Chinese ports, based upon the value given the Haikwan tael. In ara?iving at these values the ratios established between the various local
taels and the Haikwan tael, as communicated by the secretary ofthe
United States legation at Peking, under date of March 16, 1886,* have
been used.
These ratios agree exactly with the equivalents given by Ottomar
Haupt in his''Arbitrages et Parit6s," 1887, p. 258.
VALUES OF LOCAL
TAELS.
[Based on value of Haikwan (customs) tael, $1.1505.]
Name of port.
Amoy
'Canton
•Che Foo —
Clhin Kiang
Poo Chow ..
Hankow —
Valueof
tael.
$1.0459
1.0354
1.1020
1.1039
L 1340
1. 0579
Value of
tael.
Ifame of port.
Kikiang:
New Chwan.
Ningpo
Shanghai . . .
Swatow
Tientsin —
$1. 0822
i. 0004
1. 08G6
1.0328
1. 0459
1. 0957
The Bureau of the Mint has been called upon, at various times, to
estimate the value of the Chinese tael'for customs purposes. On May
12, 1875, Dr. Linderman,in a-communication addressed to the Secretary
<if the Treasury, estimated the value of the Haikwan (Haikuan) tael,
^nd also transmitted a table exhibiting the values at six of the principal ports of the various taels, at the different rates of exchange then
ruling. In this communication Dr. Linderman took the weight of the
Haikwan tael at 579.84 grains and the fineness at ,980.
" April 18, 1879, Director Burchard, in a communication addressed to
the Secretary ofthe Treasury, estimated the value of the Haikwan tael,
taking its weight to be 579.84 grains and its fineness .980, the same
as Director Linderman.
In a communication addressed to the Secretary of theTreasury April
27, 1881, Director Burchard estimated the value of the Shanghai tael
l)ased on the market price of silver at that time. In this calculation
he took the Haikwan tael to weigh 579.84 grains and its fineness at
.9855, and, relatively, the value of the Shanghai to the Haikwan to be
111.4 Shanghai taels to 100 Haikwan taels.
March 10,1885, Director Burchard again estimated for the Secretary
of the Treasury the value of the Shanghai tael, based on the price of
silver used in estimating the values of foreign silver coins January 1,
1885. In this valuation he took the amount of pure silver contained in
the Shanghai tael to be 512.95 grains, the same as before.
On October 14, 1886, the value of the Shanghai tael was estimated
l3y me at the value of silver used in estimating the values of foreign ;
silver coins January 1, 1886. In this calculation the weight of fine silver contained in the Shanghai tael was taken at 512.95 grains.
REGULATIONS GOYERNING T H E TRANSACTION OF BUSINESS.
As mentioned in my last fiscal report, the edition of the Eegulations Governing the Transaction of Business at the Mints and Assay
Offices of the United States in force at the date of my entry upon the
duties of Director of the Mint was dated 1881. For the purpose of
* Report of the Director of the Mint, 1886, p . 236.
v
DIRECTOR OF THE MINT.
'
143
tembodying all the regulations a new edition was issued, to take effect
April 1,1887. ,
,
^
Attention was also directed to the fact that another edition, embodying still later regulations, was in course of preparation. This has since
been issued.
•
IMPORTS AND EXPORTS OF GOLD AND SILVER.
In the Appendix will be found the usual tables showing by months
and by customs districts imports of coin and bullion into the United
States during the fiscal year 1888, and exports for the same period.
Tables will also be. found showing the imports of gold and silver ores.
The value ofthe gold bullion imported into the United States during
the year was $17,180,332. All of this was foreign, no bars of gold
bearing the stamp of a United States mint or assay office having been
re-imported during the year.
'
'
Foreign gold coin was imported of the value of $21,572,472. The total
importation of foreign gold coin and foreign gold bullion was $38,752,804.
There was exported gold bullion of domestic production $9,348,685,
and re-exported of foreign gold coin $5,816,150.
Of United States gold coin the imports amounted to $5,181,513 and
the exports to $3,211,399.
'
There was a net gain of gold to the United States by imports of bullion and coin over exports of $25,558,083.
The movement of gold to and from the United States during the year
is exhibited in the following table:
MOVEMENT OF GOLD, FISCAL YEAR,
1888.
mpORTS;
$17,180, 332
21, 572, 472
Bullion
Foreign coin
Total
TJnited States coin
38, 752, 804
5,181, 513
.... ...
Total bullion and coin
--
-
43, 934, 317
. EXPORTS.
Domestic bullion..
Foreign coin
Total
Unitfed States coin
-
--
9, 348, 685
5, 816,150
-
>.
3.
Total bullion and coiu
Excess of imports
15,1C4, 835
3,211,399
18, 376, 234
25, 558, 083
There was imported into the United States during the year foreign
silver bullion of the commercial valueof $5,619,006. ]S"o bars of silver
bearing the stamp of a United States mint or assav office were imported.
Foreign silver coin imported was of the value of $9,478,084. The total
value bf foreign silver bullion and foreign silver com imported was
$15,097,090.
In addition, foreign silver ores were imported, principally from Mexico,
containing silver of the commercial value of $5,115,563. The total
value of foreign silver bullion, silver coin, and silver ores imported was
$20,514,232.
Domestic silver bullion was exported of the commercial valueof
$20,563,956, and foreign silver coin, principally Mexican dollars, shipped"
144
REPORT ON T H E FINANCES.
*from the port of San Francisco to China, to the amount of $7,370,549.
Foreign silver bullion was re-exported of the value of $31,980. The
total value of exports of domestic silver bullion and of foreign silver
coin and foreign silver bullion was $27,966,485.
United States silver coins were imported during the year of the value
of $306,579, of which $240,973 consisted of subsidiary coin, and $65,606
of trade-dollars. United States subsidiary coin was exported during
the year of the value of $71,464.
Ores, gold and silver bearing, distinctively manifested as such, and
produced in the United States, were exported during the year of the
value of $107,878, and a small quantitv of foreign silver ores re-exported
of the value of $683.
The excess of exports of silver bullion, silver coin, and silver ores
from the United States over imports was $7,632,278.
The movement of the silver is exhibited in the following table :
MOVEMENT OF SILVER, FISCAL YEAR
1888.
IMPORTS.
Foreign silver bullion
Foreign silver ores
Foreign silver coin
, $5, 619,0065,115,56a
9, 478, 081
Total
20, 207, 653
306, 57i^
TJnited Srates silver coin (including trade-dollars)
20,514,232
Total
EXPORTS.
20, 563, 956
107, 87&
31, 980
7,370,549'
6sa
Domestic silver bullion
Domestic silver ores
Foreign silver bullion re-exported
Foreign silver coin re-exported
Foreign silver ores re-exported
Total
28, 075, om
^ 71,464
TJnited States silver coin
Total exports
1
28,146,5ia
,
7, 632, 278
Net loss by export
'
PRODUCTION OF GOLD AND SILVER IN THE UNITED STATES.^
The production of the precious metals from mines ofthe United States
was exhibited and explained in detail in my special report on that subject covering the calendar year 1887, being the eighth of a series of>
reports prepared by this Bureau under annual appropriations for collecting statistics of production of the precious metals in the United
States.
The estimated product of the mines of the United States for the
calendar year 1887 was there stated to have been:
PRODUCTION OF T H E PRECIOUS METALS I N T H E U N I T E D STATES, CALENDAR YEAR 1887.
Metal.
Gold
Silver
Fine ounces.
Coining
value.'
n , 596, 375
_^41,268,305
$33,000, 000
53,357,000
In the above estimate silver was reckoned at its coining rate in silver
dollars.
145
DIRECTOR O F T H E MINT.
The average price of silver for the calendar year 1887 was about $0.98.
The commercial value of the silver product of the United States was accordingly about $40,450,000.
,
The estimate of the aggregate production of gold and silver was approximately distributed in round numbers among States and Territories
as in the following table:
APPROXIMATE DISTRIBUTION, I N ROUND NUMBERS, B Y STATES AND T E R R I T O R I E S , OF THE ESTIMATED TOTAL PRODUCTION OF P K E C I O U S METALS IN THK
U N I T E D STATES F O R 1887.
^
Silver.
Gold.
state or Tei-ritory.
Total value.Fine
ounces.
Alaska
Arizona
Caliifornia
Colorado
Dakota
Georgia
Idabo
Michigan
Montana
Nevada
iNew Mexico
Noiqth Carolina
—
Oregon
,
South Carolina.
Utah
,
Washington
Texas
Alabama, Tennessee, Virginia,
Vermont, and Wyoming
Total
32, 656
40,155
648, 283
193, 517
116,110
5, 322
91,921
],258
252, 976
120, 948
24,190
10, 886
43, 541
2,419
10, 643
7,257
Value.
Fine
ouuces.
Value.
232
$300
• $G75, 000
2, 939,129 3, 800, 000
830, 000
1,160,183
1, 500, 000
13, 400, 000
4, 000, 000 11, 601, 825 15, 000, 000
540. 000
417, 690
2, 400. 000
500
387
110, 000
2, 320, 365 3.000,000
1, 900, 000
27, 080
35, 000
26, 000
5, 230, 000 11, 988, 553 15, 500, 000
3, 789, 930 4, 900, 000
2, 500, 000
1, 778, 947 2, 300, 000
500, 000
225, 000
3, 867
5,000
900, 000
7, 735
10, 000
50, 000
387
500
220,000
5,414,185
7,000,000
150, poo
100, 000
77, 340
250,000
193, 364
887-
500
$075, 300^'
4, 630. 000
14,900, ooa19,000,000
2, 940, 000'
110, .500^
4, 900, 000
61,000
20, 730, 000'
7,400,000.
2, 800, 000230, 000'
910,000.
50, 500^
7, 220, OOO'
250, 000'
250, 000>
20, 500
87, 077, 800
1, 603, 049
The estimates of the Bureau of the product of gold and silver from the^
mines of the United States from 1880 to date are presented in the following table:
Years.
1880
1881
1882
1883
1884
1885
1886
1887
.,
Gold.
$36,000,000
34, 700, 000
32, 500, 000
30,000, 000
30, 800, 000
31,800.000
35, 000, 000
33, 000, 000
Silv^.
Total.
$39, 200, 000 $75, 200, 00043, 000, 000 77, 700, 00046, 800, 000 79, 300, 000
46, 200, 000 76, 200, 000
48, 800. 000 79. 600, 00051, 600, 000 83, 400, 000
51, 000, 000 86, 000, 000
53, 357, 000 86, 357, ooo'
In the Appendix (page 280) will be found a table showing the production of gold and silver in the United States from the year 1792.
H. Ex. 2 — 1 0
146
REPORT
INDUSTRIAL EMPLOYMENT
ON
OF
THE
FINANCES.
GOLD^ AND
SILVER
IN
THE
STATES.
UNITED
,
'/
.
The results of the several censuses, four in number, taken by the
Bureau of the Mint, covering the years 1880,1881,1883, and 1885,*as to
the amount of gold and silver, and the several classes of material, used
by goldsmiths and others in manufactures and the arts, have been presented in the reports of this Bureau, both fiscal and calendar.
In my last fiscal report the result of the census covering the calendar
year 1885 was revised from later information, and without presenting
the results of such revision at length, the following brief table exhibits
the latest work of the Bureau inthis line, that is, so far as returns have
been sought from consumers or direct employers of the precious metals
in manufactures and the arts.
R E V I S E D T A B L E SHOWING T H E CHARACTER AND V A L U E O F T H E P R E C I O U S
JY[P:TALS REPORTED B Y MANUFACTURERS. J E W E L E R S , AND OTHERS, AS USED
B Y THEM DURING T H E CALENDAR YEAR 1 8 8 5 .
Character.
United States coin
:
-.,
Stamped TJnited States or refined b a r s . . .
Foreign coin
^.'.
Old jewelry, plate, and otber old material
.^Native grains, nuggets, etc
Wire or rolled plate
Total
Gold.
Silver.
$2, 827, 378 $133,644
6, 234, 034 4, 436, 603
178, 913
6-2, 708
847, 715
245, 413
502, 893
103, 272
561,187
216, 773
11,152,120
Total.
$2, 961, 022
10, 670, 637
241, 621
1, 093,128
606,165
777, 960
5,198,413 . 16,350,533
Inquiries as to direct use ofthe precious metals by jewelers and others
can be undertaken only at intervals of several years, as they involve
great clerical labor and unduly tax the patience and courtesy of those
from whom information is sought. The Bureau has nothing on the part
of consumers to offer later than the above report of cbnsumption for the
calendar year 1885.
At the institutions under the control of this Bureau, however, effort
is made to ascertain the uses for which gold and silv-er bars are intended,
and the accounts are ke[)t in such form as to show the composition of
bars of gold and silver destined for industrial use, that is, the character
of the material used in the manufacture of such bars, distinguishing
United States and foreign coin and domestic and foreign bullion.
From privatej-'cfineries in theUnited States engaged in the business
of manufacturing bars for industrial use information on this point is
readily communicated to the Bureau.
For the purpose, therefore, of ascertaining the value of bars supplied to goldsmiths and others for industrial use, the mints and the
assay office at New York were instructed to forward statements of the
value and characterof the material used in the manufacture of bars of
gold and silver so furnished during the calendar year 1887.
Inquiries were also addressed to forty-three firms believed to comprise all the private refineries in the United States engaged in this business. Eeplies have been received from forty one. Twenty-six firms
communicated the value of bars manufactured during the calendar year,
and the rest of the number reported none manufactured. The work in
this line of each ofthe Government institutions, and of twenty-six private refineries, is exhibited in tabular form in my Report on the Production of the Precious Metals for the calendar year 1887.
DIRECTOR
OF T H E
147
MINT.
The following table is a condensation of the work of both Government
-:and private retineries in this line :
VALUATION AND CLASSIFICATION OF GOLD AND S I L V E R BARS P R E P A R E D B Y
U N I T E D STATES M I N T S AND ASSAY O F F I C E AT N E W YORK:, AND B Y P R I V A T K
R E F I N E R I E S , D U R I N G T H E CALENDAR YEAR 1886, F O R U S E I N T H E A R T S .
A s s a y Office,
New York.
Classification.
Mint,
Philadelphia.
Mint,
San
Francisco.
Private
refineries.
Total.
GOLD.
•Coin:
UnitedStates
Poreign. . .
IBullion:
Domestic
] Foreign
$1,104.69
190, 919. 39
..
.. -
•^Old p l a t e , jewelry, e t c
.Deposits for l a r g e b a r s n o t for
u s e of m a n u f a c t u r e r s , redep o s i t e d for small b a r s for u s e
by manufacturers
iUiiited S t a t e s M i n t a n d A s s a y
Office b a r s
1, 599, 317..53
447, 083.16
783, Oil. 62
$299, 985. 00
$365,261. 94
190,919.39
644,448. 00
2, 243, 765.53
447, 083.16
1, 928, 046. 39
1, 088, 828.00
56, 206. 77
4, 303,144. 51
4, 303,144. 51
1, 457,161. 00
l E x c h a n g e b a r s sold for coin
' Total
$64,172. 25
; . . . 7, 324, 580. 90
456, 570.18
1,457,161.00
456 570.18
576.949.20
3,490,422.00 11, .391, 952.10
D e d u c t : TJnited S t a t e s b a r s rep o r t e d by p r i v a t e refineries,
t h e a r a o u n t b e i u g i n c l u d e d in
•bars fuTuished t h e m b y t h e
!N^evv V o r k A s s a y Office
1, 457,161. 00
Total
9, 934,791.10
SILVER.
^ "
•Coin :
United States
Foreign
bullion:
X>omestic
O l d plate, jewelry, etc
United States Mint and Assay
• Offico b a r s
Total
^Deduct: U n i t e d S t a t e s b a r s rep o r t e d by jji ivate. refineries
and tbe Mint at Philadelpbia,
. t h e a m o u n t b e i u g incli.uledin
b a r s l i i r n i s h e d t h e m by t h e
A s s a y Office a t ^ e w Y o r k
Total
1, 099. 97
• 162, 499. 27
1, 259. 00
2, 358. 97
162, 499. 27
3,441,785.86
663,115.48
192,19L 34
184,409.00
18, 362.43 $102.23
3,626,194.86.
663,115.48
404,155. 00
4,460,691.92
19, 556. 76
1, 194. 33
102. 23
193, 499. 00
203, 949. 00
205,143. 33
583,116. 00
5, 063,466. 91
205,143. 33
4, 858, 323. 58
The following tables recapitulate the value of bars manufactured for
industrial use for the two calendar years 1886 and 1887, the value of the
refined bars bearing the stamp of a United States mint or assay oflQce,
reported by private refineries as having been sold to manufacturers and.
148
R E P O R T ON T H E FINANCES.
dealers during the year, being deducted from the totals to avoid dupli
cation:
RECAPITULATION OF T H E V A L U E O F T H E GOLD AND S I L V E R BARS F U R N I S H E D
FOR USE IN MANUFACTURES AND T H E ARTS D U R I N G T H E CALENDAR YEAR
1886, AND THE CLASSIFICATION OF T H E M A T E R I A L USED.
Material.
Gold.
U n i t e d S t a t e s coin
D o m e s t i c bullion
F o r e i g n coin a n d b u l l i o n
Old m a t e r i a l
Total
Silver.
Total.
$365, 26i; 94
7, 003, 480.22
638, 002.55
1,928,046.39
$2, 358. 97
3, 626,194. 86
825, 614. 75
' 404,155. 00
$367, 620. 91
10, 629, 675. 08.
1,463,617.30
2, 332, 201. 39
9, 934, 791.10
4, 858, 323. 58
14, 793,114. 68
RECAPITULATION OF T H E V A L U E OF T H E GOLD AND S I L V E R BARS FURNISHEDTOR U S E I N MANUFACTURES AND T H E A R T S DURING T H E CALENDAR YEAR
1887, AND CLASSIFICATION OF T H E MATERIAL USED.
Material.
Gold.
United States coin '.
Domestic bullion
F o r e i g n coin a n d bullion
Old m a t e r i a l
Total
...
Silver.
Total.
$362,261.15
9, 090, 34L 55
384,121. 93
1, 835, 881. 77
$3, 667. 30
4,102, 733. 94
654, 991.21
480, 605. 74
$365,928.4513,193,075.49
1, 039,113.14
2, 316, 487. 51
11, 672, 606. 40
5, 241, 998.19
16, 914, 604. 59
I t will be noticed that the amount of United States coin reported a s
used in the preparation of jewelers' bars is small as compared with the
value of United States coin melted annually for industrial employment^
the estimate of the latter being the amount reported by jewelers and
, others to have been used in their business during the calendar year,
1885, viz, $3,500,000.in United States gold coin and $200,000 in United
States silver coin.
The melting of coin for industrial use is principally on the part oi
jewelers for the manufacture of small articles and in repairs, and the
amount so melted would not appear in an inquiry of the kind here presented.
I t is proper to state, however, as was pointed out in my last fiscal report,* that there is a growing tendency to use bars for industrial purposes rather than to melt coin.
The value of the gold bars furnished for industrial uses during the
calendar year 1887 was $11,672,606.40, and of silver bars $5,241,998.19
(coining value), a total of $16,914,604.59, against $9,934,791.10 gold in
1886, and $4,858,323.58 silver, a total of $14,793,114.68.
Unless there has been a considerable diminution in the quantity of
coin used, the employment of gold and silver in the industrial arts during the calendar year 1887 aggregated $14,600,000 gold and $5,280,000
silver (coining value).
The following tables exhibit the work in the same line of the United
States assay office at New York and of the mint at Philadelphia, the
only Government institutions which furnished bars for industrial purposes, covering the fiscal year 1888:
* Page 79.
.
'
'
DIRECTOE
OF T H E
149
MINT.
V A L U E AND COMPOSITION oi^' BARS F U R N I S H E D F O R U S E I N T H E ARTS, ISSUED^^^)
BY THE U N I T E D STATES ASSAY O F F I C E AT N E W YORK, DURING THE F I S C A L
Y E A R 1888.
Bars manufactured.
Material used.
Gold.
Value.
Fine ounces.
3, 545.150
86, 777.191
12, 290. 369
66,683.034
$73, 284.75
1, 793, 843. 75
254, 064.48
1,378,460.65
2, 09L 73
21, 723. 79
3, 533, 328. 74
613,714.81
279,912.98
$2 324.14
24,137. 55
3, 925, 920. 82
681 905. 35
311, 014. 42
169, 295. 744
3, 499, 653. 63
4, 450, 772. 05
4, 945, 302. 28
180,715.646
3, 735.723. 94
F i n e ounces.
I J n i t e d S t a t e s coin
'Jforeign coin
Domesticbullion
P o r e i c n bullion
Old p l a t e , j e w e l r y e t c
. .
..
T o t a l for u s e i n a r t s
Large
coin
less
gold
gold b a r s e x c b a n g e d for gold
a n d r e d e p o s i t e d for small b a r s ,
cbarges and fractions paid in
coin
L a r g e gold b a r s t a k e n . b y m a n u f a c t u r e r s in e x c h a n g e for o'old coin
Silver.
Value.
.
119, 715.109
2, 474, 730 94
Total
300, 430. 755
6,210,454 88
G r a n d t o t a l gold
469, 726. 499
9,710,108 51
•
V A L U E AND COMPOSITION OF BARS F U R N I S H E D FOR U S E I N THE ARTS, ISSUED
BY T H E M I N T AT P H I L A D E L P H I A , DURING THE F I S C A L Y E A R 1888.
Bars manufactured.
Material used.
F i n e ounces.
1, 875. 490
2, 460. 556
Uriited S t a t e s coin
Old p l a t e , j e w e l r y , etc
Foreign bullion
Philadelphia mint bar
. .
E x c b a n g e b a r s sold for coin
Total
Silver.
Gold.
.
...
Value.
4. 955
10.380
23, 552. 882
$38, 769. 83
50, 864 20
102 42
214 77
486, 881 28
27, 904.272
576, 832. 50
Fine ounces.
Value.
16,192 87
$17, 992. 08
16,192 87
17, 992. 08
The value of bars furnished by these two institutions during the
fiscal year 1888 was gold, $10,286,941.01; silver, $4,963,294.36; against
$9,719,585.40 gold and $4,834,814.19 silver during the calendar year
1887.
This would indicate a continued increase in the industrial employment of the precious metals in the United States, being more than half
^million dollars greater in the value of the gold furnished by these two
institutions between the last fiscal year and the last calendar year, and
a,bout $130,000 greater in silver.
150
E E P O R T ON T H E
FINANCES.
STOCK OF COIN IN THE UNITED STATES^
ID continuation of the estimates ofthe Bureau of the Mint as to the
stock of coin in the United States, the following is presented showing:
the stock of coin at close of the fiscal year 1888:
)•
ESTIMATE
OF STOCK OF C O I N J U L Y 1,
Items.
Gold.
E s t i m a t e d s t o c k J u l y 1, 1887
Coinage, fiscal y e a r 1888
Net imports
.
Total
:
L e s s d e p o s i t s of TJnited S t a t e s coin
U s e d ip. t b e a r t s
Total
;
Silver,
Total.
$569, 008, 065
28. 364,170
1, 970, 114
$342, 537, 916
34,136, 095
169, 509
$911, 545, 981
62, 500, 265
2,139, 623
599, 342, 349
376, 843, 520
976, 185, 869
492, 512
3, 500, 000
528, 354
200. 000
1, 020, 866
3, 700, 000
3, 992, 512
E s t i m a t e d s t o c k J u l y 1, 1888
1888.
595, 349, 837
728, 354
376,115,166 i
4, 720, 866
971. 46.5. 003
'
'
In addition to the gold and silver coin estimated to have been in?
the country on the 1st July, 1888, the value of the gold and silverbullion in the mints and assay offices awaiting coinage at that date wasasfollows:
GOLD AND S I L V E R B U L L I O N I N MINTS AND ASSAY O F F I C E S J U L Y 1,
'
Cost.
Metals.
Gold
Silver
....--
1888.
$110,469, 018
10, 495, 942
:
120, 964, 960
Total
\ Adding this to the stock of coin, the total metallic stock in the-United States at close of the fiscal year 1888 was as follows:
TOTAL METALLIC STOCK, J U L Y 1,
Value.
Metals.
Gold
Silver
. . .
.
Total
.
.
1888.
.
$705, 818, 855
386, 611,108
1, 092,429,968
The total gold coin and gold bullion estimated by this Bureau t o
liave been in the United States at close of the fiscal year 1887 was
$654,520,335. Hence a gain during the fiscal year of $51,298,520 gold.
The total stock of silver June 30, 1887, was estimated to have been^
$352,993,566. Hence a gain in silver during the fiscal year of $33,617,542 5 a total gain in gold and silver of $84,916,062.
The ownership, as distinguished from the location of the gold and^
silver coins, estimated to have been in the country on July 1, 1888j.
151
DIRECTOR OF T H E / M I N T .
together with the bullion in the mints awaiting coinage, is exhibited m
the following table:
STOCK AND O W N E R S H I P OF GOLD AND S I L V E R COIN I N T H E U N I T E D STATES
J U L Y 1, 1888, AND GOLD AND S I L V E R B U L L I O N I N T H E M I N T S A W A I T I N G
COINAGE.
Ownership.
Silver coin and bullion.
Gold coin and]
old bullion. Fnlllegail- Subsidiary
Silver bull. coin.
tender coin.
Total.
Total gold
and silyer
coin and
bullion.
Treasury
^$194,218,632 t$43, 492, 111 26, 051, 741 $10,495,942 $80, 039, 794 $274, 258, 426
!N ational banks .. +164, 471, 712 §14, 001, 286| 2, 819, 2781
181, 292, 27(>
16, 820, 564
Banks other than
national (values specifically
reported)
1144,288,254
1, 912, 020
46, 200,274
1, 912, 020
Banks other than
national (val^47,535,;
ues not specifically reported),
and in private
: bands
287, 838, 730
302, 840, 257 240, 303, 373
Total .
705, 818, 855
299, 708, 7901 76, 406, 376 10, 495, 942
:6, 611,108 1, 092, 429, 96a
* Gold coin in the Treasury and gold bullion in the mints and assay offices, exclusive of outstanding gold certificates
t Silver dollars in the Treasury, exclusive of outstanding silver certificates
t Includes Treasury and clearing-house gold certificates
§ Includes Treasury silver certificates
llCasbonhand reported to the Comptroller o f t h e Currency by 3,527 banks
otherthan national (savings-banks, 801; State banks, 1,403; loan and trust
companies, 120; private banks, 1,203), about June30, 1888:
Value.
Iteras.
Goldcoin
.
.... . .
....
Gold certifi cates
Silver coin
Silver certificates
... . - ..
Specie
.
..
.
..
Legal-tend er and national-bank notes
"Not classified:
California banks
Otlier banks
Total
. . . .
. '...
-
.
...'......
.......
......
....
.
$5,587,144
591, 385
1, 358, 513
553, 507
18,445, 351
28, 954,575
($119, 887, 370>
(200, 387, 376)
(89, 645,930)
(7, 094, 854>
Taken as gold..
$6,178,529'
18,445,351
19, 664, 374
86, 340, 884
19, 664, 37'!
161,495,733
44, 288, 254
A
'
In the above table the gold and silver bullion belonging to the Government, awaiting coinage in the mints, has been added to the stock of
coin. Heretofore, in the corresponding table in reports of this Bureau,
coin only has been exhibited.
Th the above table the amount of gold coin shown to be in banks
other than national is placed at $44,288,254, being the amount specifically reported to the Comptroller of the Currency by 3,527 banks other
than national, but it will be noticed in the foot-note to the table t h a t
152
REPORT ON THE FINANCES.
^106,005,258 of the assets reported by these 3,527 banks was reported
•^^not classified." Of this, $19,664,374 reported by California banks,
was taken as gold, for the reason that only gold circulates on the Pacific coast, except for small-change purposes.
It is probable that a very large portion of the $86,340,884, reported by
l)anks other than the banks of California as not classified assets, con•sisted of gold coin, but how much it is impossible to tell. I t will be
^remehibered also that the number of bknks other than national, reporting to the Comptroller of the-Currency, forms a small proportion
of the number of such in the United States. As there is no law requiring ofiScial reports from banks other than national, it is practically impossible to ascertain the stock of coin held by such banks, though believed to be largely in excess of $44,288,254 as presented in the table.
The following is an exhibit ofthe amount of metallic and paper nioney
in the United States and the location of same on July 1, 1888:
FoKM AND L O C A T I O N O F T H E M O N E Y S O F T H E U N I T E D S T A T E S A N D T H E B U L L I O N A W A I T I N G - C O I N A G E IN T H E M I N T S , J U L Y 1, 188d.
[Exclusive of minor coin and minor-coinage metal.]
Tn T r e a s u r y .
Items.
I n National
banks.
I n other
banks and
g e n e r a l circulation.
Total.
METALLIC.
'G-old b u l l i o n
'"Silver b u l l i o n
$110,469,018
$110,469,018
.
.
.....
3, 950, 388
3, 950, 388
'Silver bullion (melted trade-dollars).
6, 545, 554
6,545,554
<Gold c o i n . .
203, 636, 984
^Silver d o l l a r s '.
243, 879, 487
6, 906, 432
48, 922, 871
299, 708, 790
26,051,741
2,819,278
47, 535. 357
76,406,376
594, 533.172
105, 435, 492
t52, 398, 204
81,995,643
S u b s i d i a r y s i l v e r coin
..
......
Total
*$95, 709, 782 $296, 003,071
595, 349, 837
. 392, 461, 299 | 1. 092, 429, 963
REPRESENTATIVE.
I'Old d e m a n d n o t e s
S i l v e r certificates
.-.
Total..-
...
56, 807
2,100,000
14, 665, 000
142, 023,150
12, 315, 000
• 22,135, 780
68,761,930
51,125,440
29,104, 396
7, 094,854
193, 292, 522
229, 491, 772
7, 054, 221
t25,130, 431
230,183, 669
252. 368, 321
!N'^ational-bank n o t e s
S.*^ractional p a p e r c u r r e n c y
346, 681, 016
56. 807
250, 000
•Certificates of d e p o s i t
•iOold c e r t i f i c a t e s
219 '287 160
1,358
632,602
6,288,683
6, 922, 643
110, m , 959
195, 930, 460
685, 334, 290
992, 208, 709
^'
* Includes $20,884,000 clearing-bouse gold certificates.
t Includes $14,415,000 beld for'the redemption of oertificates of deposit for legal-tender notes,"
a c t o f J u n e s , 1872.
I Includes $3,787,026 of their owu notes held by|the different national banks.
The following statement, based on net coinage in relation to recoinage, and net imports and exports of United States coin, with a pro rata
deduction for consumption of United States coin in industries, from
J u l y 1 to November 1 of tbe present year, exhibits approximately the
stock of gold and silver coin in the United States a t the date of this
report:
153
DIRECTOR OF T H E MINT.
STOCK OF GOLD AND S I L V E R COIN I N THE U N I T E D STATES N O V E M B E R 1, 1888.
(Approximate.)
Silver coin.
Gold coin
Date.
' Full legal
tender.
Snbsidiary.
Total silver.
$595, 349, 837 $299, 708, 790 $76, 406, 376 $376,115,166
7, 876, 000
10, 042,100
254,105
10, 296, 205
Stock July 1,1888
Gain since that date
Stock November 1,
1888
603, 225, 837
309,.750, 890
76, 660, 481
386, 411, 371
Total gold
and silver
coin.
$971, 465, 003
18,172,205
989, 637, 208
In addition to the coin estimated to have been in the country at the
date of this report, there was gold and silver bullion in the mints and
assay offices as follows :
GOLD AND S I L V E R BULLION I N M I N T S AND ASSAY O F F I C E S N O V E M B E R 1, 1888.
;
Metals.
Gold
Silver
Cost value.
$108,479,213
10, 559,113
6
Total
-.!-..-
-
119, 038, 326
This, added to the stock of coin, gives the total metallic stock as follows :
TOTAL METALLIC STOCK NOVEMBER 1, 1888. -
(Approximate.)
A
Cost value.
Metals.
.<?
$711, 705, 050
396, 970, 484
Gold
Silver
Total
1,108, 675, 534
-...:
PROPOSED LEGISLATIOI^.
NEW DESIGNS OF UNITED STATES COIN.
-
A bill to amend section 3510, Eevised Statutes, and to provide for
new designs of authorized devices of United States coins, was introduced by Mr. Morrill in the Senate March 15, 1888, and referred to the
Committee on Finance. The same bill was also introduced in the House
of Eepresentatives by Mr. Bland, referred to the Committee on Coinage,
Weights, and Measures, and ordered to be printed.
. The bill thus introduced in both branches of Congress failed t o b e
reported by either committee to which it was referred. It was as foi.
lows:
'
[Additions in italics; omissions in brackets.].
Be it enacted by the Senate and Ploufie of Bepresentatlves of the United States of America
in Congress assembled, That section thirty-fi\^e hundred and ten of the Revised Statutes
of the United States be, and the same is hereby, amended so as to read as foUows:
S E C 3510. The engraver shall prepare from the original dies already authorized all
the working-dies required for use in the coinage of the several mints, and, when new
154
REPORT
ON T H E
FINANCES.
doins, emblems, [or] devices, legends or designs are authorized, shall, if required by t h e
Director of the Mint, prepare the devices, models, [moulds, and matrices,] hubs or
original dies for the sarae. The JJirector of the Mint shall have2power, with the ai^jjjroval
of the Secretary of the Treasiiry, to cause new designs or m,odels of anthorized emblems or
devices to be prepared and adojyted, in the same manner as when new coins or denices are authorized, but no change in the design, or die of any coin, shall be made oftener than once in
twenty'five years from and^ including the year of the first adoption of the desigri, model, die,
or hub for the same coin : Provided no change be made in the diamefer of any coin : And
provided further, that nothing i7t this section shall prevent the adoption of new designs or
models for devices or emblems already authorized for the standard silver dollar and ihe fivecent nickel piece as soon as practicable after the passage of this act.
But the Director of the Mint shall nevertheless have power, with the a p p r o v a l o f
t h e Secietary o f t h e Treasury,, to engage temporarily for this purpose the services of
one or more artists, distinguished in their respective departments of art, who shall be
paid for such service from the contingent apx)ropriation for the mint at Philadelphia.
The following is a transcript of the official correspondence upon the
above bill:
COMMITTEE ON F I N A N C E , U N I T E D STATES SENATE,
.March 19, 1888.
D E A R S I R : With this I send you a copy of the bill introduced by request of t h e
Director of the Mint (S. 2382), and would like to have any facts or suggestions from
yon as to the necessity or propriety of the proposed bill.
Very truly yours,
J U S T I N S. M O R R I L L .
Hon.
C. S. F A I R C H I L D ,
Secretary of the Treasuiy.
TREASURY DEPARTMENT, O F F I C E OF T H E SECRETARY,
Washi7igton, D. C , March 20,1888.
S I R : In response to your request for any facts or suggestions from me as to the necessity or propriety of the proposed bill (S. 2382) " t o amend section 3510, Revised
' Statutes, and to provide for new designs of authorized devices of United States
coins," I have the honor to state t h a t the bill relerred to was draughted by t h e Director of t h e Mint, with my concnrrence, and that its provisions commend themselves
to my judgment as perhaps the simplest t h a t can be devised to accomplish the import a n t purpose contemplated without radical change of existing laws.
The designs at present employed on our older coins date from periods of t h i r t y t o
fifty years, and are commonly recognized as far behind the state which the arts of
design and sculpture have siyce attained. Representations on the part of many intelligent persons have been made to me, as well as to my predecessors, by way of
calling the attention of the Department to the defects in the artistic execution of
our coinage and of urging the importance of its improvement.
Having referred your request to the Director of t h e Mint, I return herewith his report, emhodying a few pages on the same subject from his report for the fiscal year
1887.
.
•
Respectfully yours,
C. S. F A I R C H I L D ,
Secretary of the T'reasury.^
Hon.
J. S. M O R R I L L ,
Chairman Commit lie on Finance, U. S, Senate.
TREASURY DEPARTMENT, B U R E A U OF THE MINT,
Washington, JD. C , March 20, 1838.
SIR : Returning herewith the note of inquiry from the Hon. J u s t i n S. Morrill,
chairman of t h e Committee on Finance, United States Senate, together with a copy
of Senate hill 2382, introduced by Senator Morrill, to amend section 3510, Revised
Statutes, and to provide for new designs of authorized devices of United States coins
I inclose also a copy of a previous paper by me, stating in a succinct form the technical and practical points involved in the present inquiry.
In order to exhibit the character and extent of the proposed amendnient, I append
a copy of the bill, with omissions from the present statutes and additions thereto'
indicated^
I can respond to your present reference of this bill.to no better purpose, perhaps, t h a n
to forward these papers in a separate form. The bill introduced by Senator Morrill
was intended to be in line with the represeni^ations and suggestions made l)y me in.
my fiscal report for 1887.
, .
DIRECTOR
OF T H E MINT.
15&
Suffice it to add that although the motto " In God tve trust^' was added in 1^66 t a
t h e legends of sevei-al coins, no material change in the designs of any of them hasheen made since the following dates, respectively:
Gold:
Double-eagle
1849'
Eagle
, 183&
Half-eagle
183^^
Three dollars
:
1854
Quarter-eagle
,
-•
1840
Dollar
,
1854
Silver:
Dollar
....;
1878Halfdollar
<
1838Quarter-dollar
J
183.H
Dime
.•
lo38Minor:
Five-cent nickel
1883".
Three-cent nickel.J.
1865
One-cent bronze
1864
Respectfully yours,
J A M E S P . KIMBALL,
Director of the Mint.
Hon.
CHARLES S. F A I R C H I L D ,
Secretary of the Treasmy.
DEVICES AND DESIGNS OF COINS.*
[Extract from tbe Report of tbe Director of the Mint for the flscal year 1887.]
The prevailing laws in respect to the devices and designs of current
coins of the United States are those of the Coinage Act of 1873, namely^
sections 3510 and 3517 of the Eevised Statutes, as follows:
SEC. 3510. The engraver shall prepare from the original dies already authorized all
the working-dies required for use iu the coinage of the several mints, aud, when new
coins or devices are authorized, shall, if required by the Director ofthe Mint, prepare
the devices, models, moulds, and matrices, or original dies, for the same; but t h e
Director of the Mint shall nevertheless have power, with the approval of the Secretary of the Treasury, to engage temporarily for this purpose the services of one or
more artists, distinguished in their respective departments of art, who shall be paid
for such service from the contingent appropriation for the mint at Philadelphia.
SEC. 3517. Upon the coins there shall be the following devices and legends: Upon
one side there shall be an impression emblematic of liberty,! with an inscription of
the word *'Liberty" and the year of the coinage, and upon the reverse shall be the
figure or representation of an eagle, with the inscrijjtions *' United States of America''
and ' ' E Pluribus Unum," and a designation ofthe value ofthe coin; but on the gold
dollar and three-dollar piece, the dime, five, three, and one cent apiece, the figure of
the eagle shall he omitted. * * *
Section 3517 is substantially a reenactment of the thirteenth section
of the act of January 18,1837, except as to coins subsequently introduced into the coinage.
Tike devices of coins of the United States, including the subsidiary
coins, are prescribed by this section, 3517, and by the provision in section 13510, which practically limits both designs and devices to such as
were employed at the time of the passage of the Coinage Act of 1873.
The joint effect of the two sections is to render mandatory the preservation of present designs as well as present devices.
By the laws of February 21 and March 3, 1853, was prescribed the
weight of subsidiary coin then authorized. It was also by the latter
* I n the following text a distinction will he drawn between t h e terras device and
design as applied to coins, and the former employed, as in the Reyised S t a t u t e s , i n the
sense of emljlem ; the latter, as in its ordinary application to works of art. In t h e
coinage laws of the United States the term design does not appear, the term model'
having heen adopted to the same purpose.
t. According to precedent, the phrase " Upon one side there shall be an impression emblematic of liberty" has been interpreted to provide either for a head of Liberty or for
a figure of Liberty.
156
I
REPORT ON THE FINANCES.
that the Director of the Mint was '^empowered, with the approval of
the Secretary of the Treasury, to engage temporarily," for the purpose
of preparing devices, "the services of one or more artists, distinguished
in their respective departments," to be paid from the contingent appropriation for the mint at Philadelphia. The language of section 3510,
Eevised Statutes, as in the Coinage Act of 1873, was, in respect to this
provision, essentially the same as in the laws of 1853.*
The authority which is given by section 3510, Eevised Statutes, to the
Director of the Mint, with the approval of the Secretary of the Treasury, to fix designs of new coins in conformity with prescribed devices,
is not believed b}^ me, nor by such law ofiicers of the-Government as
liave been consulted, to admit of such a construction as also to provide
for changes in the designs of existing coins.
In a speech in the Senate by Senator Justin S. Morrill, then, as now,
<5hairman of the Committee on Finance, December -5, 1883, ou Senate
bill 226, the artistic execution, as well as other characteristics of our ,
coinage, was ably criticised, and the omission of the law pointed out to
provide for its improviment, especially in the designs adopted for regular coinage dies.
'•'The) Director of the Mint" [said Mr. Morrill], *'the coiner and engraver, do not
appear to haye any discretion in regard to existing coins, which must Ibe made frpm
,' the original dies already authorized,' and * conformable in all respects to t h e law,'
and mainly the law of eighty years' standing. It is, even under the law of 1873,
only when new coins or devices are authorized that the Director ofthe Mint has power
to seek any improvement through the services of corapetent artists. This la\r was in
t h e right direction, but whollj^ inoperative, as it has no appliciation e x c e p t ' when new
coins or devices are authorized.' No new coins being authorized, no changes can be
made in the old matrices and dies; and the engraver, however expert and skillful,
h as no possible opportunity to show any rare skill or advancement in the i)erfection
f his work."
Yet p-^y official attention has been called by numerous intelligent citizens to the inartistic quality of the designs upon several of our current
coins, in the hope that means may be found, if only ia the precedents
above cited, for the improvement of such coins of the series as may be
decided to stand most in need of it.
Under the circumstances above set forth, it becomes clear that the
Director of the Mint is without official resources in this matt'^r.
Having become aware of what I believe to be a popular desire for an
improvement of the coinage in respect to the present designs (distinguished from devices) as prescribed by law, I deem it my duty to here
invite attention to the matter, and to offer such suggestions as seem to
be proper to the office now held by me.
It is sometimes considered that Congress has advisedly omitted to
provide for an execution of the coinage in keeping with the art of the
day, for the reason that any unnecessary change of design is contrary
to the interests ofthe public. Whether this is so can hardly be said.
I t is open to question, however, how far artistic merit in coins should
be sacrificed to custom.
* If any authority of law was found for the change of device of the gold dollar in
1854 from that of, 1849, for the complete change in design of the silver dollar in 1878
from the design of 1866, or for the 5-cent nickel piece in 1883 from the design of 1867,
and o f t h e lat'ter from t h a t of 1866, snch authority must have been found in provisions
of law subsequently codified into section 3510, as above cited. . So too with regard to
other minor changes.
Whatever the intention of this section may have been held to be hy Director Linderman, the sarae executive officer o f t h e mint by whom, in co-operation with Comptroller of the Currency John Jay Knox, tbe Coinage Act was mainly collated and
draughted, the terms ofthis section absolutely fail to provide for change of design in
<existiu<2: coins.
DIRECTOR OF THE MINT.
157
It has also been urged that readiness of identification of coins is incompatible with changes in their designs. This can hardly be denied
in the case of frequent changes ; but again tbe question arises whether
a coin for any reason unsatisfactory ought to be perpetuated.
The coins of a nation are for the sole.use of the nation itself. A
knowledge of the commercial status of coins shows that no nation has
anything to expect in the way of consideration for its coins outside of
its own borders.
As shown in my report for 1885 on Production of the Precious
Metals in theUnited States, theforeign coins which come to these shores
are hastened to the melting-pot at our several mints and assay offices,
while no more consideration is accorded to our own coins at foreign
mints.*
In the eiglit years ended June 30, 1884, no less than 1,358,822 English sovereigns were melted at the United States assay ofiice at New
York,'Or an average of £169,853 a year. In three years ending June
30, 1887, English sovereigns,of the valueof $1,992,871.45 were melted
at the same institution.
In the eleven years ended in 1885 the same institution melted foreign
gold coins of a total value of $122,464,824. (See Annual Eeport, Director ofthe Mint, 1886, p. 151.)
I have also shown that it is fresh coin, and not worn coin, which,,
wheri diverted from domestic circulation and turned into channels of
foreign trade, is at foreign hands speedily consigned to the meltingpot.t
The coins of all commercial nations are in part produced from the
melting of coins of other nations. I t i s as bullion only that the nations
of the world treat each other's coins.
The consideration sometimes given to the commercial or foreign
standing of our coins outside of the United States is, underthe familiar
circumstances above indicated, one which, from a technical or practical
point of view, does not apply at least to the form or execution ot coins,,
and one which in my opinion ought not to weigh against a domestic interest in the amelioration of the coinage itself.
No encouragement on the part of the Government of exportation of
United States gold coins can reasonably be asked, especially as facilities for exportation of gold are provided by law in the issue of gold
bars in exchange for gold coin. Nor should anything of domestic interest or importance be deferred to a foreign employment of United
States silver coins, as in the case of certain subsidiary coins. For it is
safe ;to assume that substantially all for which a limited temporary circulation is found in several other countries of the western continent
eventually find their way back to the United States in a worn condition for redemption at a considerable loss to the Treasury for recoinage.
No silver coin of the United States has longer any claim to recognition as an international coin, like the dollar of Mexico and the Levant
thaler .of Austria, or such as the now historical trade-dollar was designed to be, and had well-nigh become—as now shown by the absorption by foreign countries of four-fifths of its whole coinage.
It I is the public at home alone, therefore, tbat is concerned in the
means provided by the Government for the preservation of the types
bf its coins by fixing their devices. As long as these laws stand it is
hardly possible that any changes of designs can so alter the type or
fades of our coins as to raise against such changes the objection referred to.
* Vide p. 97.
t Oy. cit, sup., p. 98.
158
REPORT ON THE FINANCES.
I t does not seem to me that wonted use of coins with unworthy or
Insignificant designs of certain emblems or devices is likely to weigh
with the public of the United States against a change for the better in
ddesign, especially where any change of device is out of the question.
If objections as sometimes heard in this country against a change in
t h e designs of any ofthe coins df a nation are real and valid, how much
greater their force in the caseof countries where neither devices nor
designs are prescribed by law, and where either or both may be changed
a t the will of a personal Government. In all monarchies both kinds of
•changes may be made at the will of the sovereign. All know how frequent have been such changes ih the coins ofthe several nations of the
world in almost every period of history. To these very changes alone
coins owe their incomparable historical value.
The designs impressed upon the coins of any nation, ancient or modern, are accepted as an expression of the art of their time. But few
<3itizens, who, with an artistic sense, have carefully scrutinized the current coins ofthis Eepublic, would consent to accept as a standard of
excellence for their own day and generation almost any of the present
compositions of statutory devices. The inferiority of our coinage to the
same kind of work by almost every other advanced nation of the earth,
:as well as to the well-known work of numerous able designers in relief
-at home, seems to be perceived by all who have given attention to the
^subject, and to be keenly felt by many as unworthy of the development
which the arts of sculDture and design have here attained.
The series of United States coins, past and present, taken as a whole,
is.not without meritorious* designs, even within the narrow limits of
traditional, and later statutory, devices. But whatever art-value be
attributed to any of the series seems to be in impressions from certain
long-superseded dies.
I t sometimes happens that the present subject is discussed wholly
from an artistic point of view, and that accordingly too much is exacted
in the way of improvement. It does not, indeed, seem to be always
understood that, unlike medals, coins are no longer struck in high relief, on which so much of the beauty of design in the coinage ot ancient
G^reece is found to rest.
The last legislation by Congress in the matter of devices, designs, and
legends of Uuited Stares coins was a part of the Coinage Act of 1873,
and, as already stated, by re-enactment of old laws—except as then provided for the 3-doliar piece, subsidiary and minor coins. This legislation did not go beyond the perpetuation or adoption of the whole series
of designs as then found, and precisely as then employed. This was at
least the most direct wa-.y out of a difficulty, such as would present itself
to any legislative body, called upon to decide a question of art, aesthetics, or numismatology. And it seems not improbable that, as the most
practicable alternative from any future difficulty of a similar kind, optimistic views would again prevail.
Whenever any measure for changes in the devices or designs of existing coins be adopted, it will be by act of Congress. And whenever
such a measure comes to be practically entertained by Congress, one of
the first questions for decision will be whether its action shall be ex-ecutive as well as legislative—that is, whether it shall reserve to itself
final action as to the changes themselves; or, as an alternative, whether
it shall delegate the determination of their precise character to an executive branch of the Government. In the former case, a measure of
this kind would, in the ordinary course of legislation, be first committed
to the Committee on Finance of the Senate, or to the Committee on
DIRECTOR OF THE MINT.
159
Coinage, Weights, and Measures of. the House of Eepresentatives, or
to both, if introduced \fj joint resolution.
In the latter case, under ordinary procedure upon such questions, the
action of Congress would take the form of an amendment of prevailing
sections of law specific as to the scope and limitation of power delegated, and as to the way and means for iis'exercise.. Power delegated
by Congress to an executive branch of tbe Government to make any
external changes in coins would naturally be committed to the same administrative officer of the Treasury Department, namely, the Director
of the Mint, to whom is committed the " power, with the approval of
the Secretary of the Treasury, to engage temporarily'' " the services of
one or more artists distinguished in their respective departments of art"
4br the preparation of designs, or for the artistic execution of devices
when new coins or devices are authorized.*
,
If new devices, or, indeed, only new designs, be authorized by Congress; by amendment of section 3517, Eevised Statutes, the executive
provisions of section 3510 prescribe ready to hand a course which, if
intelligently and earnestly followed, is perhaps as well devised as practicable in a representative governnient to satisfy the public requirement
of an artistic execution of our coinage in keeping with contemporaneous
art.
If new designs for present, orfor new statutory, devices be invited,
the question naturally arises, how far competition shall be general or
public.
That a public competition for designs in relief would be productive
of satisfactory results does not appear likely, and is certainly contrary
to the experience of this Bureau in the way of suggestions from the
public in such matters. It is believed, in agreement with section 3510,
Eevised Statutes, that desirable results are rather to be sought from
the special engagement of the services of artists ''distinguished in their
respective departments of art."
The question now arises, who shall decide between the claims of artists more or less distinguished? This onerous responsibility falling, in
the terms of section 3510, upon the Director of the Mint, is virtually
shared with the Secretary of the Treasury. Perhaps this is the only
division of responsibility practicable under an official limitation.
In the selection of designs, however, this responsibility might be
further divided, not necessarily by law, so as to admit also of the services of judges distinguished for their discernment in matters of art and
design; such judges, on the invitation of the Secretary of the Treasury,
to act with the Director of the Mint in the acceptance or rejection of
designs submitted.
The above suggestions are made not without full recognition of the
fact that the voice of every citizen of the United States is heard upon
a matter of art or sestbetics such a>s a design employed on a familiar
coin of the Eepublic; or of the fact that while distinguished artists
stand ready to offer designs, no public ofiicer could reasonably be called
upon alone to pass upon the professional merit of artists or the art
value of their productions.
. . <>
A bill in part designed to efiect the object of the above bill passed
the Senate April 2, 1884, and was introduced in the House of Eepresentatives May 31, 18S4 (Porty-eighth Congress), and ordered to be
printed. This bill, which has come to my knowledge since the bill
draughted by me was introduced in the ^^iftieth Congress, provided as
follows:
* Sec. 3510, R, S.
160
R E P O R T ON T H E
FINANCES.
Belating to the improvement of the coinage.
s
That the Director of the Mint is hereby authorized and directed to employ, temporarily, five persons distinguished in departments of art or in knowledge of coinage and
medals, to be approved by the Secretary of the Treasury, who shall investigate and
examine the whole subject of our existing system of coinage, with a view to its improvement and greater perfectioti of execution as to metals, relative value of the
ininor coius, anil also as to devices, legends, and inscriptions; and the artists or persons so employed shall each be paid out of the contingent fund provided for the support o f t h e mint the sum of two thousand dollars; and any person whose designs for
any coin shall be accepted and aclopted as hereinafter provided for shall be paid a.
sum not exceeding seven hundred and fifty dollars for each design so accepted and
adopted, to be determined by the Director of the Miut.
S E C 2. That on or before the first day of December, eighteen hundred and eightyfour, the Secretary of the Treasiiry, the Secretary of State, and the Director of the
Mint shall examine the work and designs, together with any explanations submitted
as mentioned in the preceding section, and shall transmit tlie same, accompanied by
a report, to Congress/with such recommendations as they shall judge most expedient.
The disposition of the above bill after passage by the Senate appears
not to be indicated in the index of the Congressional Eecord. But the
bill failed to become a law for want, it is presumed, of action in the
House of Eepresentatives.
D E L I V E R I E S OF COIN WITHIN THE CALENDAR YEAR OF DATE.
Inviting attention to what has been said in a previous part of this
report (p. 6) upon the subject pf the past failure at the mints of tho
United States of the deliveries of coin within the year of date, whence
the registration of a portion of the coinage as that of a later year, I
deem it important to recommend that the present requirements on the
part of this Bureau in correction of such a practice be given the force
of law, and that an additional clause to section 3536 be suggested to
Congress, and that this section be amended as follows:
S E C 3536. In adjusting the weight of the silver coins the following deviation
shall not be exceeded in any single piece : In the dollar, the half and quarter dollar,
and in the dime, one and one-half grains. .And in weighing [ a ] large number of pieces
together, when delivered by the coiner to fl;e superintendent, and by the superintendent to the depositor, the deviations from the standard weight shall not exceed twohundredths of an ounce in one thousand dollars, half dollars, or quarter dollars, and
one-hundredth of an ounce in one thousand dimes, but all coin shall be delivered by the
coiner to the superintendent on or before the last day ofthe calendar year in which struck, and
be recorded as the coinage of that year.
OPERATIVE WASTAGE OF BULLION.
Certain allowances for bona fide wastage of bullion incurred in the
operations of the melter and refiner and of the coiner are authorized
by section 3542 Eevised Statutes, as follows:
[Additions i ^ italics.]
S E C 3542. When all the coins, clippings, and other hullion have been delivered
['' Surrendered up"—Coinage Act, sec. 44] to t h e superintendent, it shall be his duty •
to examine the accounts'and stateraents rendered by the coiner and the melter and
refiner. The difference between the amount charged and credited to each officer
shall be allowed as necessary wastage, if the superintendent shall be satisfied that
there has been a bona fide waste of the jirecious metals, and if the amount shall not
exceed, in the case of the melter and refiner, one thousandth of the whole amount
of gold, and one and one-half thou.sandths of the whole amount of silver delivered
to him since the last annual settlement, and in the case o f t h e coiner, one-thousandth of the whole amount of silver, and one-half thousandth of the whole amount
of gold t h a t has been delivered to him hy the superintendent. All copper used in
the alloy of gold and silver hullion shall be separately charged to the melter and refiner, and accounted for hy him.
DIRECTOR
OF T H E MINT.
lOl
Under this section operative officers claim au aUowance for wastage
on bullion once received or ''charged,'^ whether the whole or only a p a r t
has been ojierated upon. It can hardly be presumed that it could have
been tbe intention of the law to allow the i)i'oportion of wastage to be
reckoned upon any other amount of bullion than the net amount oper:ated upon. A bon,a fide wastage can indeed be proportionally determined in no other way.
I t is obvious that either legal allowance for operative wastage of the
precious metals, whether determined in one or the other way, may be
Very materially difierent. There can be no fixed exaction of law upon
this sulvject, nor can uniformity of terms be observed in mint statements
of wastage, if the present statute be authoritatively" held to sufier allowances for wastage to be proportionally reckoned upon so variable
-a function as the amount of bullion charged to an operative officer rather
than upon the net amount operated upon.
The following by way of amendment of section 3542 should, in my
opinion, be submitted for the consideration of Congress:
[Substitutions in italics.]
'
S E C 3542. When all the coins, clippings, and other bullion have been delivered to
the suyjerintendent, it shall be his duty to examine the accounts and statements rendered by the coiner and the melter and refiner. The difference between the amount
-operated upon by each, offi.cer and the amount returned less the amount, if any, returned not
operated upon sliall be allowed as necessary wastage, if the superintendent shall be
satisfied that tberehas been a bona fide waste of the precious metals, and if the amo'unt
•shall not exceed, in the case of the melter and refiner, one thousandth of the whole
amount of gold, and one and one-half thousandths of the whole amount of silver
•operated upon by him since the last annual settlement, and in the case of the coiner, onethousandth o f t h e "whole amount of silver, and one-half thousandth o f t h e whole
amouut of gold operated vpov by him. All copper used in the alloy of gold aud silver
^hullion shall be separately charged to the melter and refiner, and accounted for by him.
REDEMPTION OF MUTILATED SILVER COIN.
o
On September 5 there was passed in the House of Eepresentatives
a bill (H. E. 7933) *'providing for the exchange of defaced, clipped,
punched, or otherwise mutilated silver coins of the United States, of
smaller denominations than one dollar, for new or unworn subsidiary
silver coins, at designated places and under certain circumstances/' as
follows :
That the holder of any of the silver coins of the United States, of smaller denominations than one dollar, which have become defaced, punched, clipped, or otherwise
mutilated, may, on presentation ofthe same in sums of the nominal value of five dollars, or any multiple thereof, at the office of the Treasurer, or any Assistant Treasurer, of the United States, receive any amount of new or unworn subsidiary silver
<joins equal to the coinage value in subsidiary silvercoin, o f t h e said coins, by weight,
60 presented, and when so redeemed the same shall be recoined into current subsidiary
•coins at the discretion of the Secretary ^ the Treasury.
The above bill by way of substitute for the bill (H. E. 6631) introduced
by Mr. Morrow February 6, 1888, was passed as recommended by tbe
Cornmittee on Coinage, Weights, and Measures, to which the original bill
had been referred (Eeport 780). In the Senate September 6, 1888, it
was referred to the Committee on Finance, but at the close of the first
session ofthe Fiftieth Congress no report upon the bill had been made
by. this committee.
"
.
^ e.. Ex. 2
11
162
'
R E P O R T ON T H E
FINANCES.
The insertion of the following communication upon the subject-matter of the above bill will serve to indicate the reasons for further consiclefation:
T R E A S U R Y D E P A R T M E N T , B U R E A U OF THE M I N T ,
Washington, D. C , February 18, 1888.
S I R : At the request of the chairman of the Committee on Coinage,. Weights, and
Measures, 1 have the honor to submit an opinion as to the provisions of House bill
6631, *' for the exchange of worn, defaced, clipped, punched, or otherwise mutilated^
silver coins o f t h e United States, of smaller denominations than one dollar, for new or
unworn subsidiary silver coins, at designated places and under certain conditions."
The redemption of worn subsidiary coins at nominal value by the Treasury of theUnited States is not excluded from the provisions of the act of June 9, 1879 (21 Stat.
L., 7). Moreover, Treasury regulations for the redemption of subsidiary silver coinsspecifically provide for their redemption at nominal value.
Gold and silver coins of all kinds in a mutilated state, for whose redemption hy t h e
Treasury the law fails to provide, may be deposited for recoinage at mints and assay
offices at bullion value; not, however, in the case of silver coins, without a loss to thedepositor of the now large difference between coinage and bullion value, in addition
to allother losses, such as correspond to abrasion and depletion. This difference corresponds to the seignorage which has accrued to the Government in the act of their
first issue, and which, indeed, upon recoinage will accrne to it again. In the case of
subsidiary coin there (is a loss of 26.7 grains of standard silver^more than iu the'case
of a silver dollar.
Although the present bill applies alone to mutilated subsidiary coins, there seems
no reason why the silver dollar should be exempr.ed from any provisions made for the
redemption of mutilated silver coins of less denomination.
It seems t h a t the present penalty imposed upon the holder of mutilated subsidiary,
coin is considerably more severe t h a t in the case of other coins:
Frima facie, indeed, it would seem to be just to provide by law for the redemption,
of such uncurrent coins as are now excluded from recourse to a valuation at mints and.
assay offices by weight at coinage value, and thus in respect to redemption to p u t
them on an equality with all other coins whose buUion and coinage values are coincident.
Respectfully yours,
JAS. P .
/
Hon.
KIMBALL,
J3irector of the Mint.
CHARLES S. F A I R C H I L D ,
Secretary of the Treasury.
^ •
PROPOSED DISCONTINUANCE OF THREE-CENT NICKEL COINAGE.
A bill (H. E. 4312) '«to discontinue the coinage of three-cent pieces '^
was introduced in the House ot Eepresentatives January 10, 1888, and
referred to the Committee on Coinage, Weights, "and Measures.
The bill provided—
That so much of section thirty-five hundred and fifteen of the Revised Statutes of
t h e United States as authorizes the coinage of the three-cent piece be, and the sameis hereby, rexDealed.
^
, S E C 2. That as the said coin shall be paid to the United States the same shall he .
withdrawn from circulation and the metal thereof coined into five-cent pieces, in accordance with section thirty-five hundred and fifteen of the Revised Statutes of the'
United States. All laws in conflict with this act are hereby repealed.
January 26 the committee reported the bill and recommended its
passage (Eeport No. 133). The bill passed the House of Eepresentatives* February 9, and the same day in the Senate was referred to theCommittee on Finance.
PROPOSED DISCONTINUANtJE OF THREE-DOLLAR GOLD COINAGE..
February 13, 1888, was introduced in'the House of Eepresentatives a
bill (H.E. 7214) ^'to prohibit coinage of three-dollar gold pieces,''proA'iding—
'
* Congressional Record, Fiftieth. Congress, p...ll38..
DIRECTOR OF T H E MINT.
,
163
That so much of section thirty-five hundred and eleven of the Revised Statutes of
-"the UnitedStates as authorizes the coiuage of the three-dollar gold piece is hereby
repealed.
SEC. 2. That the three dollar pieces in the Treasury of the United States, or which
may h;ereafter be received by the T n a s u r y , shall not be paid out or in any other manner issned, but shall be transmitted to the coinage mints and recoined into other,ctenominations of gold coins.
SECJ 3. That all laws in conflict with this act are hereby repealed.
Malrc^ 1 a report (Ko. 781) on the above bill was submitted from the
Committee on Coinage, Weights, and Measures, as follows:
TheiCoramittee on Coinage, Weights, and Mea.sures, to whom was referred House
hill No. 7214, report the same back with a recommendation t h a t it do pass. This bill
'is reco|mmeuded by the Treasury Department.
This bill, after reference to the House Calendar, received no further
action, its purpose being efi'ected by bill No. 7409, introduced February
20, 1^88, by Mr. Bland, which also provided for discontinuance of the
coinage of the three-dollar gold piece.
P R 0 P : 0 S E D DISCONTINUANCE OF COINAGE OF THREE-DOLLAR AND
ONE-DOLLAR GOLD P I E C E S , AND LIMITATION OF COINAGE OF THE.
DOUBLE E A G L E .
1
••
• '
. February 20 a bill (H. E. 7409) was introduced by Mr. Bland, ^Mimiting [the coinage of double-eagles and discontinuing the, coiuage of certain United States coins '' (one and three dollar gold-pieces).
This bill provides—
That after the passage ofthis act the following denominations of coin, namely, the
three-dollar gold piece and the gold dollar shall not be struck or issued by the mints .
of the Uni ted States.
S E C 2. That hereafter not exceeding twenty per centum of the gold bullion deposited in the niints, and paid for and belonging to the United States, under the provisions of section thirty-five hundred and forty-five of the Revised Sfcatutes, shall be
coined;into double eagles.
March 13 the Committee on Coinage, Weights, and Measures reported* the bill, and recommended that it—
Should be amended by striking out the second sectioii thereof; also t h a t the title
of said' bill be amended so as to read as follows : " To discontinue the coinage of the
three-dollar gold piece and the gold dollar."
T h a t t h e bill so amended meets the approval ofthe Director of the Mint.
Wherefore thc committee report said bill, and recommend t h a t it beso amended and
t h a t it pass.
. March 19 the House of Eepresentatives, after changing the title to
read, '^ To discontinue the coinage of the three-dollar gold piece and
the gold dollar,^^ passed the bill (H. E. 7409)t introduced February
20, amended so as to read :
That' after the passage of this act the following denominations of coin, namely, t h e
three-dollar gold piece and the gold dollai^hall not be struck or issued by the mints
of the lUnited States.
The legivslation as above in the House of Eepresentatives has thus
far failed to be advanced by the Senate.
Th^ following communication will serve to indicate my views upon
the subject-matter of the proposed legislation:
;
TREASURY DEPARTMENTT, B U R E A U OF THE M I N T ,
:
Washington, D. C, March 5, 1888.
S I R : !In compliance with the request of the chairman of the Committee on Coinage,
Weights, and Measures, I have the honor to submit my views as to the propriety of
the enactment of bill H. R. 7409, discontinuing the coinage of certain United States
coins aiid limiting the coinage of double eagles.
*Rep;Ort No. 1020.
t Congressional Record, Fiftieth Congress, pp. 2347, 2348.
164
^ R E P O R T ON THE
FINANCES.
THREE-DOLLAR GOLD P I E C E .
X
Observing b y t h e Congressional Record (p. 1695) that the bill (H. R. 7214) prohibiting the coinage of the thtt'e-doilar piece was reported back with a favorable
recommendation from the Committee on Coiuage, Weighns, and Measures, and as t h i s
hill has been referred to the Honse Calendar and, witli the accompanying report,
ordered to be printed, I assume it to be unnecessary to refer further to the proposed
legislatioii in the matter of the three-dollar gold piece. I raay say, however, t h a t
the discontinuance of the issue of the three-dollar piece would, in my opinion, be
very desirable^. This is a denomination whicb. subserves no useful purpose,^its present coiuage being in fact limited to its production for cal)inet purposes. The value
of over 11.53,000 in three-dollar pieces still on hand at the mint at Phiiadelphia can
Mot be disposed of, owing to the unpopnlarity ofthis coin as a circulating mediura.
It is supposed t h a t the three-dollar piece was designed to be a multiple o f t h e threecent piece, forthe convenience of postal transactums, when the three-cent unit for ^
letter postnge prevailed. As a consequence of the change in postal rates, and there
existing no present reason for the continuance of a duodecimal coinage, the coinage
®f the three-dollar piece, as well as the three-cent piece, should, in m\^ opinion, be
discontinued.
GOLD D O L L A R .
Referring to the proposal to discontinue coinage o f t h e gold-dollar piece, I may say
t h a t snch a measure cominends itself to my judgment. Since 1862 (except for two
years) the coinage, at a single mint, of this piece has been limited to such a number
as would satisfy the demand for it as a "proof coin " and to such a'supplementary
(goinage as was deemed sufficient to prevent an undue enhancement of value of the
proof coin. . The practice ofthe Department, therefore, for twenty-five years, except
i873 and 1874, has been in harmony with the measure now proposed, and for the3?eason t h a t little practical use has been found for this coin except for special purposes, such as spuvenirs and for manufacture into articles of personal adornment.
No encouragement by this Department has been given to the demands of manufact* nrers, on account o f t h e mutilation incidental to the use of coin for the purpose indi©aied.
A notable demand for this coin for shipment to China aud Japan for manufacture
inlo necklaces, bracelets, etc., has for many years existed, and still exists. Indeed,
a premium is often put by dealers on this coiu, so t h a t in spite of the eiforts ofthis
Department the larger part of the supplementary coinage is believed still to be absorbed by manufacturers of articles ofthe kind indicated and for shiyjinent.
A measure in the terms of the bill in question would relieve this Department from
the necessity of further issuing proofs, which have a tendency to become enhauced in
value from the absorption for illegitimate purposes of the supplementary coinage
designed to prevent such enhancement.
D O U B L E - E A G L E COIJs^AGE.
I now pass to the jiroposition contained in the same hill for the limitation of the
coinage of double eagles to 20 per centum of gold bullion deposited in the mints and
j)aid for and belonging to the United States under the provisions of section 3545 of
the Revised Statutes.
Theoretically and technically considered all permanent deposits of gold at United
States mints and assay offices are made for coinage. Under section 3544, Revised Statutes, it is provided that, " In the denominations of coin delivered, the superintendent
^ ghall comply with the wishes of the depositor, except when impracticable or inconvenient to do so." I t seems to be the right of the depositor also to receive new or fullweight coin.
The demand for gold coin of the denomination of the double eagle is principally at
the mint at San Francisco by hvrge depositors of gold bullion, their preferences for this
denomination appearing to arise from the convenience of tale.. Its use is understood
to he principall.\ in large coin transactions ou the Pacific coast and for bank reserves.
The Treasury Department has undertaken to supply this demand within certain lim-itations, which have been met not without yjrotest on the part of depositors, who have
urged the claim to the exercise of a free ox)tion iu the matter of denomination of coins
for which deposits are made.
The value of the coinage of double eagles at the mint at San Francisco has, up to
the 1st of July, 1887, heen 86^ per cent, of the value of the total gold coinage executed
at t h a t mint.
In favor ofthe issue of double eagles for their present principal distribution and
Biode of circulation there are to be stated certain important considerations. These
are altogether in favor of the Government, namely : (1) the cost of coinage of a given,
amount of gold, which, is in inverse ratio to the size ofthe denomination ; (2) the loss
DIRECTOR
OF T H E MINT. '
Ifgl
hy abrasion on a given amount of gold coin and a given degree of use, wMclLasilu.
inverse ratio to the diameter of the piece.
Thus it appears that there is an imjDortant economy to the Government as wtellas
to the holder in a given circulation of the double eagle as compared with e®iiiis<®f
smaller denominations.
The importance to be attached to the first consideration has been stated iam.'y disport on the Production of the Precious Metals in the United States d u r i n g t h e caiileaidar year 1885, page 86, et seq. In my last fiscal Report, page 157 (Finance Ee^30sit,
page 207), will be found results of certain inquiries instituted by me to indicate ftia©
practice of foreign governments in the matter ofthe exercise of an option by ?the»it©- '
positor of gold bullion as to the denomination of coin received in return.
Having briefly stated the technical points which bear upon the provision «©f-Ifk'©
bill in question, and called upon as I am to express my views as to the expedie«icy«of
the ratio liniit of the coinage of the double eagle, I have to state t h a t it doesfBcec
occur to me t h a t any advantage OA^er the present practice of the Treasury DepartmeiBt
in the matter of proportioning the coinage of this piece according to the demaaad-off
the public would be secured great enough to oftset the disadvantage which mtigiht
arise from restrictive statutes of the kind proposed. On the other hand, I am -awsifF©
of no disadvantage which arises from the present practice of the Departraent, which
enables it to keep the coinage of this piece within actual requirements of depositar®
frora tirae to time.
It is sometimes urged t h a t the double-eagle is a popular coin for exportation t©
oriental countries, and especially tp China, on the persons of returning Chinese.
While this is probably true, it should be considered t h a t coin is so taken out of the
country in preference to bars only in comparatively small amounts; but that for any
given amount econoniy of manufacture is in favor of the exportation of the larges*
piece. It should also be considered t h a t where gold coin is required for shipment or
for use abroad, and where a coin of a given denomination is not available fo.r snch
purpose, coins of other denominations will be used. For where the shipment of gold
coin is required, no substitute is available. The double-eagle comes near a stamped
ingot of small unit. Its use for export in place of smaller denominations of gold
coin is clearly to the advantage of the Government.
In conclusion, it will be well to point ont the importance of more explicit provisions of law in the way of restrictive legislation ofthe kind proposed. It does not ap.pear from theterras of the bill whether (1) the limitation shallapply to bullion already
the property ofthe United States, (2) whether to bullion hereafter acquired aud paid
for in cash from the bullion fund, or (3) whether any individual depositor shall be entitled to receive 20 per centumof his own deposi-tin double-eagles. And I may further
point out t h a t while 20 per centuni of the g<ikhcoinage in double-eagles at the mlnfe
at Phi:ladeli)hia might be beyond the requirements for circulation iu the East, th©
same limit for the miut a t San Francisco would undoubtedly be far below the requirement.! Snch inequalities in the metallic circulation of opposite parts of the country
would undoubtedly lead to a heavy cost for transfer of double-eagles from the eastern tOi the western institutions.
Respectfully yours,
i
„
JAS. P .
'
/
Hon.
C H A R L E S S. F A I R C H I L D ,
-
KIMBALL,
Director of the Mint.
•
Secretary of Ihe Treasury.
I
PROPOSED AMENDMEN'i S OF LAWS.
Consideration is recommended of further proposed legislation as set
forth in my preceding report.
The several matters may here be referred to as follows:
(1) Amendments to the Eevised Statutes relative to issue and redemption of minor coins. [Fiscal Eeport, 1887, p. 107.]
(2) Amendment of law relating to statutory limit of subsidiary silver
coin outstanding in circulation. [Fiscal Eeport, 1887, p. 108.]
(3) Amendment of law relating to the sale of by-products incidental
to the parting and refining of bullion at mints and assay offices. [Fiscal Eeport, 1887, p. 114.]
(4) Amendment of law relating to the annual assay of coins. [Fiscal Eeport, 1887^, p. 116.]
'
166
REPORT ON T H E FINANCES.
I
BILL FOR THE RELIEF OF ^JAMES C. BOOTH, DECEASED, LATE MELTER
AND REFINER, U. S. MINT AT PHILADELPHIA.
On April 26,1886, a bill (H. E. 8256) for the relief of James 0. Booth,
melter and refiner of the mint at Philadelphia, was introduced in the
House of Eepresentatives, read twice, referred to the Committee on
Claims, and ordered to be printed.
On the 21st of March this honored and venerable officer expired,
after nearly thirty-nine years of remarkable usefulness in one of the
most responsible offices in the mint service.
The same bill, adapted to the circumstance ofthe decease of the beneficiary, was introduced in the Senate by Mr. Cameron (S. 2735) April
19, 1888, and referred to the Committee on Finance. This bill was as
follows :
For the relief of the heirs and legal ropresentatives of James C. RootL, deceased, late melter and refiner
of the mint of the United States at Philadelphia.
• Be it enacted by the Senate and House of Bej>resentatives of ^ Ihe United States of America
in Congress assembled. That the Secretary of the Treasnry be, and he is hereby, authorized and requiied to pay [to the heirs at law and'legal rei^resentatives of] James
C. Booth, deceased, [late] melter and refiner of the mint of the United States at Philadelphia, out of any money in the Treasnry uot otherwise appropriated, the sura of one
thousand eight hundred and forty-one dollars and eighty-seven cents, in full for the
cost value of one thousand nine hundred and eighty ounces andtwelve-hundredths of
an ounce of silver bnllion, of standard fineness, deposited by him with the superintendent of the mint at Philadelphia to make good a deficiency of that amonnt of bullion
in the accounts of the mint for the fiscal year eighteen hundred and eighty-five, the
same being the number of ounces of standard silver bullion contained in three bars
missing from said mint, supposed to have been stolen while in the chargeof the
•melter and refiner, but for which safe storage could not be provided, for want of vault
capacity in the mint.
-
On the 27th of April, 1886, the Director of the Mint addressed to the
chairman of the Committee on Claims, House of Eepresentatives, the
following communication on the subject of the above bill:
TREASURY DEPARTMENT, BUREAU OF T H E M I N T ,
Washington, D. C , April 27, 1886.
SIR : Referring to H. R. bill 8256,' for the relief of James C. Booth, melter and refiner o f t h e mint of the Uuited States at Philadelphia, introduced in the Hou,se of
Representatives yesterday by the Hon. Samuel J. Randall, and referred to the Committee on Claims, I have the honor to invite the attention of your honorable committee to the following statement. On page 14 of my annual report for 1885, with reference to the mint at Philadelphia, appears the following :
*'The melter and refiner had received duringthe year 646,626.931 standard ounces of
gold bullion, with a wastage of 7.885 ounces; and 28,936,069.91 standard ounces of
silver bullion, with an apparent wastage of 3,541.93 ounces. It appears, however,
t h a t on January 3, 1885, silver bars numbered 7087, 7093, and 7113, containing 1,980.12
ounces of silver, not having been melted, were missed by the melter and refiner and
the loss comraunicated by letter on the next working day to the superintendent.
The wastage thus far actually allowed hini was only 1,561.81 ounces."
This maiter is again referred to on page 20 of the same report as follows :
' ' F r o m this mint (Philadelphia) were missing silver bars containing 1,980.12ounces
of silver, valued at |il,936.62, the supposed theft of which, in the winter of 1884-'85, is
now under investigation. Though promptly reported to the general department by
the operative ofhcer to whose custody such bars are technically committed, neither
the theft ofthese bars nor the specific deficit equivalent to their value was duly reported to this Bureau until so reported by the present superintendent. The specific
deficit created by the loss of theise bars is at present borne on the books in a ' suspense account,' there seeming no justification for charging it as wastage, as, from
the circumstance t h a t it was not dnly reported, seerns to have been proposed."
It was found necessary to hold the melter and refiner technically responsible, under
section 3508, Revised Statutes, for the 1,980.12 ounces of silver as aboA^e. Upon the
demand ofthe Burean, the melter and refiner has promptly de^^osited with the superintendent of the mint at Philadelphia this quantity of silver.
DIRECTOR
OF T H E MINT.
167
The '^suspense account," specially opened for the purpose in the books o f t h e mint
a t Philadelphia and to which was provisionally charged this amount of silver, has
^Jl)een credited Avith the same amount, and therefore closed. The facts as briefly recited by me in my annual report will, so far as the melter and refiner is concerned,
l),e seen to leave hone but technical grounds for the responsibility of t h a t officer in
t h i s case, ho question arising as to the faithftil discharge of his duties, or as to the
•exercise of due vigilance in the matter of the custody of silver bullionReferring in my report to the unsatisfactory conditions of the storage of bullion
and coin in mints and assay offices, under the exigency ofthe accumulation of silver
•coin w-hich the Treasurj^ has not found it expedient to remove, I instanced the hecesisary exposure of bullion in the court of the miut at Philadelphia, where the thefts
-were committed.
Although responsible for all bullion delivered at the mint and obliged to receipt
for the same, the melter and refiner is without the power to provide extra means for
t h e safety of w h a t is beyond the capacity ot his own vaults. The melter and refiner
-is thus to be exoneratecl from moral responsibility.
'
In my report, as above quoted, it is stated t h a t " t h e melter and refiner had received
<1 uring the year * ^ ^- 28,936,069.91 standard ounces of silver bullion, with an
apparent wastage of 3,541.93 ounces," and t h a t " t h e wastage thus far allowed him,
•was only 1,561.81 ounces."
' Section 3542, Revised Statutes, precludes the loss corresponding to the quantity of
'•silver stolen being charged to " w a s t a g e , " as it clearly can not be classified as " &ow,a
JifZe waste." In view, however, of the facts here presented, and of the exceedingly
i-sraall proportion of wastage as compared with the large amount of-silver operated
^ipon, I have the honor to recommend, as an act of simple justice to the melter and
refiner, that the relief asked for in bill 8256 be recommended by resolution of your
iionprable committee for enactment hy Congress.
-^
Very resijectfully, .
J A S . P . KIMBALL,
I
Hon.
^
Director of the Mint.
W I L L I A M M. SPHINGE.R,
Chairman Committee on Claims, House of Bepresentatives.
On the 3d, of February, 1887, the following communication was addressed to the Secretary of tbe Treasury with reference to a letter of
the chairman of the Committee on Claims, House of Eepresentatives,
on the same subject:
T R E A S U R Y D E P A R T M E N T , BUREAU OF THE M I N T ,
Washington, iJ. C , February 3, 1887.
S I R : In reply to ydur reference of the inclosed letter of the chairman of the Committtee ou Claims, House of Representatives, I have the honor to state t h a t the claim
of Dr. James C. Booths melter and refiner of the United States mint at Philadelphia,
• for 11,841.87, is based on the payment by him of this amouut, corresponding to the
value of 1,980.12 standard ounces of silver stolen in the winter of 1884-'85 while
technically in his custodj^ frora the fact of his having receipted for the same. His
responsibility, as a matter of fact, was thus only technical, owing to the circumstarice
t h a t no provision was made by the superintendent for the safe custody of silver bullton for want of vault room.
It was therefore stored in the court of the mint and thus exposed to depredation, a
-circumstance over which the melter and refiner had no control. When called upon
by me to make good the deficiency charged to him this was done ..without demur,
a n d the account closed on the books of the mint.
All the circumstances in the case, with their technical hearing, were related by me
in my report for the fiscal year 1885, pages 14 and 20, and again referred to in my report for thefiscal year 1886, pages 13 and ^3. A statement in detail was subraitted on
April 27, 1886, to the honorable chairman of the Committee on Claims, House of Representatives. Both in my two reports and iu iny letter to the chairman I h a v e urged
the favorable consideration of Dr. Booth's claim, as an act of simple justice to this
efficient and venerable officer, who has grown old in the position which he has held
for nearly forty years.
: Very respectfully,.
JAS.
'
The
P.^KIMBALL,
, Director of the Mint..
SECRETARY OF THE T R E A S U R Y .
168
REPORT ON THE FINANCES.
So far as this Bureau is informed no action on the above bill was^
reached by the Com mittee on Claims in the Forty-ninth Congress, nor by
the Committee on Finance in theiirst session in the Fiftieth Congress.*^
TECHNICAL OPEEATIONS OF MINTS.
In my last report (p. 139 et seq.) attention was briefl}^ called to certain defects in the technical operations of mints of the United States^
as exhibited by working results compared with those of foreign mints
and private manufacturing establishments.
A comparison of the mint practice of the United States with that of
advanced countries in Europe is unequal in several important particulars. While European institutions are favored with permanent organizations, skilled superintendence as well as skilled operatives, the mintsof the United States, in common with the whole mint service (with thesingle exception of the clerical force of this Bureau), are subject to quadrennial changes in the whole personnel, a remarkable fact obviously incompatible with tbe practical interests and business methods of a high
class of manufacturing establishments, as the mints and the assay
offices of the Government should always be considered.
Whatever degree of economy and skill be from time to time attained by these public institutions must be attributed to tbe degree of
moderation on tbe part of superintendents in the exercise of practically
plenary power of appointment conferred by section 3504 of tbe Eevised
Statutes.
The continuance, through personal and poll laical changes in the administration of tbe G-overnment, of the term of skilled operative and
fiduciary ofQcers, not appointed-by the President, and experienced operatives, while in some riieasure due to forbearance on the part of superintendents in exercising the power of dismissal involved in the specific
power of appointment, must be more directl}' ascribed to necessities of
the public service, and to good purposes personal to superintendents:
not to any provision of law for the maintenance of economy and skill,,
not to say efficiency, in tbe practical operations of the mint. By checks
and tests applied by law and by tbe Treasury Department to the produce of tbe several institutions, the efflcienci/ ofthe service is secured,
but with what'degree of economy sustained is a question as to'which I
have felt bound to institute some detailed inquiries.
Another circumstance in favor of European institutioris as compared
with those of the United States is one to which attention has been
*In a memoir, read before the American Philosophical Society October 5, 1888, by
Mr. Patterson DuBois (In Memorham James Curtis Booth, Ph. D., LL..D.), the follow*^
ing appears as an extract from a private letter, written by Dr. Booth in October, 18-^7,.
and may here be cited by way of aiding an^ understanding of the grounds for relief:
'^ The whole truth is,-that the constantly increasing business ofthe mint beyond, itscapacity for bullion storage has been Increasingly weighing down my anxious thoughts'
for its safety, and you may add to t h a t the consciousness that I was personally responsible for every ounce of bullion received, aud then you will readily perceive sufficient
ground for a constant, anxious care, which I sometimes imagined to be as the squareor cube ofthe extra quantity of bullion continually ponied in. * ^ * It was thatconstant and constantlj^ augmenting ounce for ounce responsibility t h a t finally affected my mind, and I rather think broke me down, I went home quite sick frora t h e
mint early in April, and lay on my back for about three months. I supposis tbat such,
a statement will be quite sufficient to explain my present position. I am glad to say
t h a t I had sufficient strength to resign from my place in the mint, although no one is
yet appointed to take my place. * * * From my age, over seventy-seven, I hardly
expect restoration of full, strength, and am satisfied with what Providence designs.'^
DIRECTOR OF THE MINT.
169
called b}^ others.* Allusion is here made to the extension and complexity of the mint service from the multiplicity of institutions, which
may be said to be double the number for whicli there exists any presentnecessity.
Two mints are all that are required by the Eepublic, one on the
Atlantic and tbe other on the Pacific seaboard. The mints at Philadelphia and San Francisco are, or easily could be, adapted to all requirements for coinage. Tbe increase of this number of institutions
entails an unnecessary expenditure for a given coinage, and a cost of
production high in comparison with what it is in other countries and
should be in this Eepublic, as well as a cost for transportation and distribution of coin (|uite out of proportion to benefits local to points where
other mints have been established.
The particulars of mint practice noted in my last report were by way
of exhibiting the disparity of results obtained at our several mints, aswell as the superior economy of work at certain mints of the more advanced countries of Europe and their colonies. Tbese particulars were' indicated in tbe hope that operative officers in the several institutions^
might be induced to investigate the cause of unfavorable differences^,
with the purpose of overcoming whatever might be found not to arisefrom defects inherent to the organization of our mint service, or not^
beyond remedy within their power to apply.
This hope has not met with disappointment. Tbe mint at Philadelphia, which by law is intrusted witli the greatest number of separate
operations, and which on account of its location and equipment, rather
than size, is called upon for a volume of coinage in excess of the contribution of otber mints, has conducted through its operative officersjudicious experiments, some of which promise valuable results if zealously prosecuted in the* same spirit in which they were undertaken, and
if ev^entually incorporated into practice.
The experiments referred to relate as follows:
(1) To the preparation of the alloy in a condition of greatest ductility, and to a determination of the best form ot ingot forthe subsequent,
operations of rolling and cutting.
(2) To the rolling, and incidentally to tbe question of annealing, as afactor in tbe production of uniform fillets, even with rolls of precision..
(3) To tbe problem of readily adjusting heavy blanks. If satisfactorily solved, as seems likely, the i)resent question, what to do withj
light blanks, will cease to be of practicaPimportance, vSince the production of these in large numbers will be avoided when heavy blanks can
be expeditiously reduced to standard weight.
Alloy.—It is well known that oyly the very best grade of copper
should be used in making either silver or gold standard alloy. The
deleterious efiect of copper oxide in an otherwise pure metal, on tbe
alloys into wliich it enters, seems not to have received tbe attention
which the phenomenon deserves, although, in his work on tbe Eoyal
Mint, mentioned by Mr. Ansell in tbe case of gold alloys. Dr. Percy
states that copper may dissolve as much as 13.5 per cent, copper oxide..
It is also well known that best commercial copper becomes brittlefrom over-poling or if remeited under charcoal. ^
^ It had been tbe practice at the mint at Philadelphia to remelt all
purchased copper ingots tor the purpose of subdivision, as well as for
the sake of convenience in making up melts. This remelting, unless
skillfully accomplished, renders the copper brittle, and it is quite con* See Engineering and Mining Journal, July 14,1888.
170
REPORT ON THE FINANCES.
ceivable that this property is imparted to alloys into w-hich such deteriorated metal enters.
It having been suspected tbat frequent defects developed by ingots in
rolling, and their irregular occurrence, might be due to notable quantivties of copper oxide in the alloy, the practice of preparing copper for
alloy by a preliminary remelting was abandoned, except for such small
volumes as are necessary to adjust weights in making up melts. Ingots,
tough and ductile and otherwise in the same condition as when pur"Chased, are simply cut throogh one of the bridges and weighed into the
melts.
^
• The result has been in the highest degree satisfactory. The return
vto the melter of brittle ingots of standard silver and of fillets with
-crushed edges is believed to have ceased. In a test recently made, dollar ingots, one-half inch thick and IJ inches wide, were reduced by successive draughts in the break-down rolls to a thickness of yf^Q- inches
without annealing. The metal was still tough, and the process of rolliing might evidently have been carried much farther,
But a much more interesting observation is, namely, that the form of
the ingot has a marked ett'ect on tlie edges ofthe fillet obtained from it.
The moulds"habitually in use bave been made with a liberal flare or
''draft," for the sake of convenience in dropping the ingot, regardless of
any evil from the degree of angles in their section. It appears, however,
t h a t when tbe face of the ingot is materially wider than the back, the
"Unsupported marginal portion is, in rolling, continually crushed over
until all tenacity is lost, whence a jagged or serrated edge if not a
ruined fillet.
I t has been found that by dressing out the mould so that its section
varies but slightly from rectangular, the ingot will still drop out freely,
;:and, without annealing,, may then be rolled, from one-half inch to the
thickness of a finished dime or less, while still preserving a perfect
ribbon-like edge. Tbe marked difference effected by the device seems
<imte disproportionate to its simplicity.
•*
Annealing.—Blanks were cut from dollar fillets prepared without annealing or drawing, and their uniformity in weight compared with similar blanks cut from fillets rolled and drawn in the usual way with two
.annealings. The results were in favor of unannealed fillets, It is desirable that more • extended experiments be made in the same direction.
Facts, however, have been ascertained tending to show that many of
^the inequalities attributed to ^defective rolls are properly chargeable to
iineven temper in the annealed fillets, and that only tbe most perfect
;a.nnealing is better than no annealing.
I t was also observed that want.of uniform temper in the fillet affects
in two ways tbe weight of the blanks. If a number of blanks be cut
from a hard fillet, leaving spaces between the perforations, and the remaining part ofthe fillet be now annealed and blanks cut by tbe same
punch, alternate blanks of hard and others of soft temper will be prociuced, all having as near an approach to uniform thickness as'can be
attained. It will then be tbuncl that the, hard blanks are materially
heavier than the softer ones. A difference of 8 grains from this cause
alone has been observed in dollar blanks. The reason is notfar to seek.
The edges ofthe soft blanks are somewhat drawn in cutting, and hence
.are thinner. Convexity not found in the harder blanks is thus imparted
to the surface of soft blanks. The diameter of tbe former is also slightly
greater. IN'ot only will hard places in fillets resist compression under
•the rolls, but, as it appears, a punch will cut from sucb harder parts a
*blank fuller than from soft fillets.
DIRECTOR OF THE MINT.
171
These facts show that imperfect or' unequal annealing must tend to
'negative all the good results expected from tools of precision. And in
present practice it wall probably be difficult to find an annealed silver
fillet as nniform in temper as the ingot from which it was made.
Probably no manufacturing industry treating great volumes of metal
requires such precision in rolling as the manufacture of coin. Most, if
not all, so called rolls of precision would probably fail to prove themselves such under the severe requirements of preparing fillets for coin.
•One-thousandth of an inch in the thickness of a dollar blank represents the weight of nearly 5 grains. Variance of less than 5 grains
from standard weight causes condenination of blanks.
In view therefore of the difficulty of obtaining rolls of enduring precision uncier unremitting and heavy work, and so long as the practice of
annealing remains unsettled and imperfect, it is probable that in the
near future, at least, we must continue to deal with blanks which will,
in the case of tbe standard dollar, vary from 1 to 6 or 8 grains. The
problem which, if solved, would the earliest give good results is, in a
'simple and easy manner, to bring such blanks within the adjusting
limit. The preliminary work, in' the presentJine of inquiry, done at the
mint at Philadelpbia seems to promise practical results of value in this
direction.
' The plan of selecting fillets by weighing a sample blank cut from each
fillet, and then sending the selected fillets to cutting-punches varying
slightly in size, fails to be a practical solution of the problem, for the
reason that blanks of greatly varying weight may be cut by the same
punch from different parts of a single annealed fillet.
If varying blanks, as now received from the cutting-presses, be as'Sorted according to nearly similar weights, it will then be practicable
to subject selected blanks to a recut in an appropriate press, and thus
to adjust them all to a given weight. A recutting-press, similar in genieral construction to the ordinary cutting-press, is provided with a proper
device for placing the rough blanks accurately under a punch slightly
less in diameter than that by which they were originally cut. Thus
from off' the periphery of the blanks is taken a slight shaving, which
differs in amount with the diameter of the recutter to which it is sent.
A hand-press of this kind has been tested at the mint at Philadelphia. A series of dollar blanks were weighed, and the weight taken
from each was accurately noted. The average cnt was 5.04 grains per
blank, while the highest was 5.4 grains and the lowest 4.5 grains.
This is one of many experiments going to show that by a recnt uniformity of weight may be obtained with nearly the same accuracy as
in the selection and distribution of the rough blanks. This selection,
of course, may be made either by hand or by mechanical separators. I t
is thought that three sizes of cutter, varying by one tb two thousandths
of an inch in diameter and used on three selected weights of '' heavies,"
would bring all within easy adjusting limit. The pieces would be
placed in a tube and fed to the cutter by a mechanical feed, like that of
a coinage-press—80 to 100 per minute.
It might be considered bad practice to take as much as 5 to 7 grains
from the periphery of a blank. But it has not been found that tbe reduced blank fails i^o fill out the collar in tbe coining press. Indeed, the
recut leaves a superior edge, grearly to the perfection of the reeding on
the coins. The result of a test on 100 coins reduced from 419 grains by
recut was entirely satisfactory.
If tbis device be found equal to an expeditious and economical reduction of heavy blanks, it wall evidently be desirable to avoid the cutting
of light ones by running fillets slightly heavier than in present practice,.
172
REPORT ON T H E FINANCES.
Eesults of another series of ex:periments also in line with the suggestions made iu my.last fiscal report, havebeen contributed by operative
officers of the mint at Pbiladelphia. Too voluminous for reproductionhere, and, so far as they are positive rather than negative, tending
to confirm methods of present practice, they tend to indicate that t h e
draw-bench comes nearer a tool of precision in the production of fillets^
than any rolls employed for tbe purpose of the experiment. But no
general conclusion can be reached on this point without further experiments, and with rolls superior to those thus far employed.
Experiments have also been made to ascertain the relative production of coin after rapid cooling of ingots on the one hand and slow cooling on the other. These are exhibited as follows:
COIN PRODUCED AND F I L L E T S BLISTERED I N ANNEALIN^G [ J A N U A R Y , ' 1 8 8 8 , ]
FROM S I L V E R DOLLAR INGOTS, R A P I D L Y AND SLOWLY COOLED AFTER
CASTING.
.
•
"
Blistered
Ingots
fillets
Ingots annealed
Producand
in each in eacb
tion in
broken
beat.
beat.
ingots re- coin.
jected.
13o.
1
2
3
4
5
6
7
8
9
Ingots after casting cooled in tbe usual or rapid
way b.y immediately diiDping red-bot into
water, afterward, wbile still warm, immersed
in diluted sulphuric acid for cleansing purposes, and again dix^jped iuto water to remove tbe acid. Tbe fillets from annealing
cooled quickly in water
Ingots and fillets after annealing treated iu
the sarae manner as above
Ingots cooled in tbe same manner as in the
two former cases. One-iialf of tbe nuraber
of fillets of tbis lot, alter annealing, were allowed to lose their bright-red color by exposure to the air before final cooling in
water.
Ingots cooled in the same way as Nos. I and 3
and fillets after annealing cooled gradually
in the air like part of No. 3
These ingots were permitted to cool slowly
inthe air until the red color had disappeared
and then plunged into a bath of weak sulphuric acid, after wbicb tbey were given
a water-bath to rinse off the acid. The fillets, after annealing, were cooled in tbe open
air, from a bright cherry-red color, for a
period of about ten rainutes, and were then
dipped into water
Ingots and fillets, after annealing, worked in
tbe same way as tbe preceding lot
do
do
do
70
50
.007
•. 448'-
70
50
.007
. 466>
70
50
-.006
.453r
70
50
013
.485
70
50
.012
. 50?
70
70
70
70
50
50
45
50
.013
.015
.008
.011
. 442.466
.497.511
Average production, ingots cooled rapidly: blistered fillets, .008 per cent.; coin product,
463 per cent. '
.
Average production, ingots cooled slowly : blistered fillets, .012 per cent.; coin product, .485.
per cent.'
DIRECTOR
OF T H E
173
MINT.
The following exhibit of working results is sufficiently explicit without verbal explanations. Eemarkable disparities in economy of results
seem to be in favor of those institutions whose operations are the least
miscellaneous, especially in point of variety of coinage, and tbe least
<€xtensive in number of coins executed and distributed :
PERCENTAGK
OF CONDEMNED
BLANKS TO BLANKS
CUT.
Coinage mint.
Philadelpbia.
Fiscal year.
1885
1886
1887
1888
1885
1886
1887
1888
Gold.
18
24
23
28
9
12
21
20
8
7
9
14
N e w Orleans.
Gold.
Silver.
9
11
8
5
8
10
1
Gold.
Silver.
10
14
27
26
23
32
,
"
8
22
OF C O I N P R O D U C E D
1883
1884
1885
1886
10
COIN
10
12
64
TO INGOTS O P E R A T E D
5^5
52.5
53. 3
52.8
53.9
54.7
, 54.3'
46.8 . 54.7
52.0
47.4"
47.5
44.1
47.2
46.3
35.3
33.8
25.2
40.0
1887
18'88
10
5
8
11
9
8
10
16
9
8
6
5
39
"
OF CONDEMNED BLANKS TO GOOD C O I N P K O D U C E D . — G O L D
AND S I L V E R DOLLARS.
PERCENTAGE
MELTS
Silver.
-•
PERCENTAGE
Silver. •
Gold.
..:
Carson.
San Francisco.
50.9
ON.
51.6
53.2
46.5
. 25.3
OF INGOTS M A D E AND N U M B E R CONDEMNED AT T H E M I N T S OF
U N I T E D STATE DURING THK F I S C A L YEARS 1882-1888.
SAN
FRANCISCO.
9
6
5
56.0
56.3
THE
'
Silver ingot melts.
Gold i n g o t m e l t s .
iFlscai y e a r —
Condemned.
Made.
1882
1883
1884....:
1885
1886
1887
1888....:
Total
Condemned
per cent..
•
Made.
Condemned.
958
901
767
677
935
958
890
8
5
4
1
0
2
3
10,719
7,509
5, 539
2. 619
1,086
0
2,821
4
C,086
23
.38
30,293
37
.12
20
12
1
0
174
R E P O R T ON T H E FINANCES.
MELTS
O F INGOTS M A D E AND N U M B E R CONDEMNED AT T H E M I N T S O F T H E :
U N I T E D S T A I E S DURING T H E F I S C A L YEARS 1882-1888—Contiuued.
PHILADELPHIA.
1882
1883
1884
1885
1886
1887
1888
1,333
]78
]09
65
•
. .
.
.
17
•
6
5
9
0
208
7
]84
Total
13
53
2.5
2,084
Condemned
3
per cent..
6, 502
7, 328
8,281
9,142
32'
46^
64
20-^
80
12278"
12, 867
14,146
12, 932.
.451
.63
71,198
N E W ORLEANS.
Silver ingot melts.
Gold i n g o t - m e l t s .
F i s c a l year—
"
Condemned.
Made.
1882..
11
1883
1884
1885
1886
*
'
2
1887
1888
'
Total
Condemned.:
23
20
7
3
56
14.
.25
percent
Condemned.
Made.
922
1,565
1,819
2,059
1,838
2,146
2, 342
6
22
10107
1014-
12, 691
79
.61
W O R L D ' S A N N U A L PRODUCTION OF GOLD AND SILVER.
In the Appendix will be found a table compiled principally from ofiicial communications furnished by foreign governments through the Department of State at the instance of this Bureau, and revised from latest
information, showing the production of gold and silver by the principal
producing countries'for the calendar years 1884:, 1885,1886, and 1887.
The product is expressed in terms of kilograms and values. The
value of silver, wherever the calculation has been made by tbis Bureau^
will be understood to be at the coining rate in Uuited States silver
dollars of $41.56 to the kilogram.
A r6sum6 of the total product each year is here presented :
WORLD'S
PRODUCTION O F GOLD AND S I L V E R F O R 1887, W I T H
^
ESTIMATE F O R T H R E E P R E C E D I N G YEARS.
REVISED
Silver.
Gold.
Calendar years.
Kilograms.
1884.1885
1886
1887
.
153, 017
156,103
149, 355
149,048
Value.
$101, 694, 000
103,744, 000
99, 250, 877
99, 056, 850
Kilograms.
. 2,665,386
2, 954, 766
3, 027, 632
3, 259,144
Value.
$110,
122,
125,
135,
773, 000'
799, 800828,400.
449, 410
175
DIRECTOR OF T H E MINT.
For reasons stated in my Eeport on Production of the Precious Metals
for the calendar year 1887* the estimate employed by tbis 'Bureau for
production of silver in Bolivia has been reduced from sixteen to ten
millions of dollars.
The silver product credited to Germany in 1887 is some $5,000,000 inexcess of prior years.
It is probable that thereis a duplication of at least this amount in an
estimate ofthe silver product of the world by crediting to Germany silver
extracted from foreign ores previously credited to exporting countries^
But as this Bureau has no satisfactory information as to the amount or
value of sil v^er obtained from foreign ores, theonly deduction made from
Gerihaiiy^s product has been 88,000 kilograms, the amount stated by Dr.
Soetbeer for 1884. As the product of the silver miues of Germany has
not materially iucreased, it is obvious that more than 88,000 kilogramswas .red need from foreign ores.
It will be noticed that the production of gold has remained nearly
constant, although increasing slightly in 1885 from that of 1884, and
decreasing slightly iu each of the year.s 1886 and 1887.
The production of silver, on tbe other hand, shows a steady increase of
$12,000,000 from 1884 to 1885 ; $3,000,000 from 1885 to 1886, and nearly
$10,000,000 from 1886 to 1887, an increase in four years of $25,000,000.
WORLD'S
COINAGE.
In the Appendix (on page 282) will be found a table showing the
value in United States money of the coinage of gold and silver during
the calendar years 1884, 1885, 1886, and 1887 by each of the nations of
the world.
It will be noticed that the coinage reported for Mexico and for Brazil
is for fiscal years.
I t is believed that this table includes substantially the entire coinage
of the world for the years mentioned.
The following summary is presented :
W O R L D ' S COINAGE.
Calendar years.
1884
1885
1886
1887
...
Gold.
$99, 432, 795
95, 757, 582
94, 642, 070
.
124, 992, 465
•
Silver.
$95, 832, 084
126, 764, 574
124, 854,101
160, 984, 877
The large increase in coinage of silver, as well as gold, in the calen»
dar year 1887 is noteworthy.
In regard to coinage of^silver it may be stated that in addition to
coinage of full legal-tender silver by this Eepublic and by Mexico, India, and Japan, a large recoinage of old " pillar" dollars, coined prior
to 1868, into full legal tender silver 5-peseta pieces was executed by
Spain. A large silver coinage was also executed at the mints of Aus-.
tria-Hungary, consisting partly of *^ Maria Theresa'^ silver thalers for
circulation in the Levant, and of silver florins for domestic use. Thegreater proportion of the other silver coinages consisted of limited legaltender silver.
'
^ Vide p. 67..
176
REPORT ON T H E FINANCES.
As the coinages reported above included recoinages to a considerable amoiidt, the following table, compiled from official sources, has
been prepared, showing, as fully as the information at hand will permit, recoinages by certain nations: that is, mint deposits of domestic'
and" foreign coins for recoinage, during the calendar year 1887 :
RECOINAGES
Countries.
REPORTF:D
R e c o i n a g e of domest i c coins.
B Y C E R T A I N NATIONS,
V a l u e in
United
States
money.
iRecoinage of fore i g n coius.
1887.
Value in
United
States
money.
Total
recoinage.
' Value.
GOLD.
'Great Britain
India
2,301,206 p d s . s t e r . . . $11,198, 819
4,250
481, 243
8,970 r u p e e s
A u s t r i a - H u n g a r y 998,430
florins.......
•Germany
•Japan
110 y e n
Australia
524 p o u n d s s t e r l i n g .
U n i t e d S t a t e s . . . . 536,511 d o l l a r s
Total
990,950 florins
63,433 p o u n d s . . . .
$477, 637
1, 509, 705
$11,198, 819
4,250
958, 880
110
2,550
536, 511
15,.575,958 d o l l a r s . - 15, 575, 958
1, 509, 705
110
2,550
16,112, 469
12,223,483
17, 563, 300
29 786 783
"
SILVER.
•
Oreat Britain
India
France
Bpl'Tirim
JE(:rvT)t
'*-'{-! J .t"^
s'^^Tn
United States
1, 721, 918
2, 434, 284 1,923,888 r u p e e s . .
1, 719, 742
1, 515, 400
76, 380
1, 846, 714
109
59,012,510 p e s e t a s . . . .11,389,414
8,309,068 d o l l a r s . . . . . 8, 309, 06St 250,606 d o l l a r s . . . .
353,831 p o u n d s s t e r .
5,138,874 r u p e e s
8,910,583 francs * . . .
7,800,000 florins
190,000 g u l d e n
373,602Egn. p o u n d s .
109 y e n
. .
29, 013, 029
Total
911, 345
1 721 918
3, 345, 629
1,719,742
1 515 400
76, 380
1, 846, 714
109
250, 606
11, 389,-414
8, 559, 674
1,161, 951
30,174, 980
* Consisted of old national and papal coins.
t Includes $7,789,374.57 (coining value) trade-dollars.
MONETARY STATISTICS OF FOREIGN COUNTRIES.
In continuation of annual statistics of coinage, production, and
movement of the precious metals in foreign countries, a list of interrogatories proposed by this Bureau covering the calendar year 1887
•was transmitted by the Secretary of State to the diplomatic and consular representatives of this Government in foreign countries.
At the date of publication of the last fiscal report of this Bureau,
replies to the circulars of two preceding years, 1885 and 1886, had not
been received from all of the foreign countries addressecl. As, in some
<}ases, communications from foreign Gov^ernments, published in the
Appendix, contain answers to questions referred to by numbers only,
the three sets of interrogatories for the calendar years 1885, 1886, and
1887 are here appended. *
INTERROGATORIES ADDRESSED TO T H E REPRESENTATIVES OF T H E UNITED STATES I N
FOREIGN COUNTRIES, CALENDAR YEAR 1 8 8 5 .
(1) W h a t is the legal unit of account "^
(2) What is the legal standard: Double, single gold, or single silver? If double,
^X> what ratio between t h e two metals ?
.
.(3) VVhat is the weight in grams of each of t h e gold coins authorized by law to be
•coined, and what is the fineness expressed in thousandths ?
DIRECTOR
OF T H E MINT.
177
(4) Same for silver.
(5) Is the mint open to deposits by individuals of gold and silver for coinage, or of
one metal to the exclusion of the other?
(6) In case of deposits by individuals of gold and silver, what coinage charge, if
any; is imposed on each metal ?
(7) For what amount are gold coins a legal tender in the payment of debts or Government dues ?
(8) Same for silver.
(9) What is the "tolerance" or ^^mint remedy" allowed by law in coinage on eacHi
piece,-both as to weight and fineness—that is, what deviation is allowed from the legal standard?
(10) What are the legal provisions as to the recoinage of worn gold and silver coins t(11) What was the amount'of gold coined during the calendar year 1885, by denomin ati pus and value ?
(12) Same for silver.
(13) What has been the total coinage of gold froni the establishment of the mint f"
Amount recoined?
(14') What has been the total coinage of full legal-tender silver from the establisbment of the mint ? Amonnt recoined ?
(15) What has been the total coinage of subsidiary or limited-tender silver from v
the organization of the mint? Amount recoined ?
(16) What w^as'the Aveight, expressed in kilograms, and the value of the gold pra-dnced from the mines during the calendar year 1885?
(17;) Same for silver,.
(18) The import and. export of gold and silver coin and bullion, separately, duringthe calendar year 1885 ?
• (19) Estimated amount of gold coin in the country ? What proportion in active^
circulation ?
(20) Same for full legal-tender silver.
(21) Same for limited-tender silver.
^
(22) Amount of paper currencj^ outstanding December 31,1885; Government a n d .
bank notes separately ?
(23) Copy of the coinage laws and regulations of the mint as to coinage.
INTERROGATORIES
ADDRESSED TO THE REPRESENTATIVES OF THE UNITED
IN FOREIGN COUNTRIES, CALENDAR YEAR 1886.
STATES
(1) W h a t was the amount of gold coined during the calendar year 1886, by denominations and value? What amount was recoined. during the year?
(2) Same for silver.
(3) What was the import and export of gold coin and of gold bullion during t h e calendar year 1886?
''4) Same for silver.
(5) What was the weight, expressed in kilograms, and the value of the gold pro-duced from the mines during the calendar year 1886?
. (6) Same for silver.
(7) Were any laws passed during the year 1886 affecting the coinage, issue, or legal- ^
tender character of the metallic and paper circulation ? If so, please transmit copies..
(8) Is the denomination of gold coin paid for deposits of bullion optional with the>private depositor at the mints or other receiving institutions ?
(9) Is there, in the case of gold coins, any restriction upon the issue of different:,
denominations; and, if so, in what branch of the Government is discretion in thisma,tter reposed?
(10) In case o f t h e existence of bureaus of guaranty or departments o f t h e Governiment for the verification and stamping of articles of gold and silver, and a collection?
of a tax for the same, report the amount of tax collected and the corresponding weight
in kilograms and the value of manufactured goods—gold and silver separately.
NOTE.—Any information in line with the researches of the Bureau of the Mint of
the United States in the industrial consumption'of the precious metals will be very
acceptable.
Coin and bullion should be given separately where practicable.
INTERROGATORIES ADDRESSED TO TPIE REPRESENTATIVES OF THE UNITED STATES
IN FOREIGN COUNTRIES BY TPIE BUREAU OF TPIE MINT, THROUGH THE DEPARTMENT OF STATE, CALENDAR YEAR 1887.
'
^
(1) What was the amount of gold coined during the calendar year 1887, by denominations and values? What aniount was recoined during the year, national and
foreign coins separately?
(2) Same for silver.
' H. Ex. 2
12
178
R E P O R T ON T H E FINANCES.
(3) In case of an organized mint service, give name and official title of chief officer,
and location of mints.
(4) What was the import and export of gold coin and of gold bullion during t h e
calendar year 1887? Coin and bullion should be given separatel}^ where practicable.
(5) Same for silver.
(6) What was the weight, expressed in kilograms, and the value of the gold produced from the mines during the calendar year 1887 ? ,
(7) Same for silver.
(8) Were.any laws passed during the year 1887 affecting the coinage, issue, or legal
tender character of the metallic and paper circulation ? If so, please transmit copies"
Supplemental to the information received in answer to the circulars
ofthe Burean ofthe Mint, much valuable statistical matter in the way
of official publications, extracts from some of which will be found in the
Appendix, has been received at this Bureao.
Among the most important official publications may be mentioned
the following: Eighteenth Annual Report of the Deputy Master ofthe
Eoyal Mint, London, 1887; Direction Gen^rale des Monnaies et M6dailles, Compte-rendu pour TExercice, Paris, 1885 and 1886; Proposta
e Relatorio, Eio de Janeiro, 1887 ; Miscellaneous Statistics Eelating to
the Finances of British India, Calcutta, 1888 ; Financial Statement for
1888-^89, Calcutta; The Gold Fields of Victoria, Eeport ofthe Mining
Registrars, September 30, 1887 ; also, December 31, 1887; Mining and
Mineral Statistics of the United Kingdom of Great Britain and Ireland,
1887; Algemeen Yerslag van het Munt-Oollege, ^Netherlands, 1887;
Second Eeport ofthe Eoyal Commission Appointed to Inquire into the
Eecent Changes inthe Eelative Values of the Precious Metals, London,
1888; Koticia de la Bxportacion de Mercancias en el Ano Fiscal de
, 1886 4 1887, formado bajo la direccion de Javier St4voli, Jefe de la
seccion s6ptima, Mexico, 1888; Noticias de las Acunaciones 6 Introducciones de Metales Preciosos en el Alio Fiscal de 1886 a 1887 (by
the same), Mexico, 1887.
The replies received to the interrogatories of the Bureau of the Mint
will be found in the Appendix.
A brief statement of the more important contents of these papers and
publications, so far as they relate to the production, use, and movement
of the precious metals, is here inserted.
GREAT BRITAIN AND BRITISH
COLONIES.
Great Britain and Ireland.
Value in
P o u n d s ster-' United States
ling.
money.
I t e m s r e p o r t e d for 1887. -
Golcl coinage
.
•.
Xiiglit srold coin wlfcbdrawn from circulajtioii . .
.
.
S i l v e r coiDage
W^orn s i l v e r coin witli d r a w n from c i r c u l a t i o n
I m p o r t s of gold coin a n d b u l l i o n
.;
1, 908, 686
$9, 288, 620
2, 301, 206
11,198,819
861, 498
4,192, 480
3,721,918
353, 831
10, 000, 000
E x p o r t s of gold coin a n d b u l l i o n
8, 700, 000
48, 665, 000
42, 338, 550
Grain i n gold b y i m p o r t s •
1,300,'000
6, 326, 450
I m p o r t s of s i l v e r coin a n d b u l l i o n . •.
7, 680, 000
E x p o r t s of silver coin a n d b u l l i o n
7, 620, 000
37, 374, 720
,37,082,730
60, 000
291, 990
G a i n in- s i l v e r b y i m p o r t s
,.. ^
Two proclamations of the Queen establishing new designs for coins
will be found in the Appendix.*
'^ See foot-note, page 285.
DIRECTOR OF THK MINT.
179
Gold coins of the denominations of £5 and £2 were coined duriug the
year, the former to the value of £J65,996 ($1,294,469), and the latter to
the value of £,170,567 ($830,064). This is the first time during the present reign that there has been any demand for £ 5 or £2 pieces, and it is
thought that all previously issued have been hoarded as specimens.
The silver coiuage included a new coin of the denomination of the
double florin. This is the only coin of new design that has been added
to the coinage during the present reign. The number of these pieces
struck during the year was 482,130, of the value of £96,426 ($469,257).
The silver coinage of Great Britain during the year was the largest since
1877, except that of 1883, which was owing to the suspension of all
coinage during the greater part of the, year 1882.
The following coinages of silver for the British Colonies were executed at the Eoyal Mint at London in 1887:
A silver coinage for Hong-Kong of the nominal value of $400,000, in
20, 10, and 5 cent pieces.
A silver coinage for the Straits Settlements of tlie nominal value of
$177,000, in 50, 20, !0, and 5 cent pieces. •
A silver coinage for Canada of the nominal value, of $85,000, in 25,
10, and 5 cent pieces.
In addition to the above the following silver coinages for the respective colonies have been executed at the Royal Mint at London since the
beginning of the calendar year 1888 :
A silver coinage for Hong-Kong of the nominal value of $350,000, in
20, 10, and 5 cent pieces.
A silver coinage for Canada of the yalue of $180,000, in 50,25,10, and
5 cent pieces.
A Silver coinage for the Straits Settlements of the nominal value of
$79,000 in 50, 20, 10, and 5 cent pieces.
In addition to these coinages application was received at the Eoyal
Mint during the month of March for a further silver coinage for H(mgKong of the nominal value of $200,000.
Messrs. Ealph Heaton & Sons, of Birmingham, executed during the
year 1887 a silver coinage for the Eepublic of Nicaragua, consisting of
20, 10, and 5 cent pieces, of the nominal value of $400,000. The same
firm has been engaged in supplying machinery to the Chinese governmeat, a portion of which was shipped to China during the year, for a
mint at Canton.
Orders in council were issued during the year regulating the currency in the colonies of Labuan and British Honduras. In the case of
Labuan the Mexican dollar was declared to be the standard of value,
aiud the United States trade-dollar, the Japanese yen, and the HongKong dollar and half dollar were made unlimited legal tender. In the
oase of British Honduras, the Guatemalan silver dollar was proclaimed
the standard of value, concurrent circulation being given to the Peruvian sol and other dollars.
The Second Eeport of the Eoyal Commission Appointed to Inquire into
the Eecent Changes in the Eelative Values of the Precious Metals, con:sists of a continuation of the minutes of evidence taken before the commission between the dates of June 10,1887, and December 9,1887, with
appendices of tabular matter by way of exhibits by witnesses, and
replies to a circular letter addressed by the commission to Mr. Pierson
{tlolland); Professor Nasse (Germany); Professor Lexis (Germany);
M. de Laveleye (Belgium); and Hon. David A. Wells (United States\
propounding a series of questions in regard to the fall in'the value of
silver and the wholesale prices of commodities; to the extent these falls
180
REPORT ON T H E
FINANCES.
have resulted in material prejudice to commerce, and to the practicability
of an international agreement for the free coinage of gold and silver, and
to the probable efl'ect of such au agreement on the prices and production
of the precious metals.
/
In advance of the receipt ofthe Final Eeport of the commission, tbe
following brief notice of its contents is made up from, a synopsis in The
London Economist, of JSTovember 10, 1888.
The"report is divided into three purts. Part I, which is subscribed
by all the commissioners, sets out the facts to \yhich their attention has
been called, summarizes tbe arguments on either side, and states the
conclusions as to which all are agreed. Part 11 presents the views of.
Lord Herschell, tbe Hon. C. W. Fremantle, Sir Jobn Lubbock, and
Messrs. T. H. Farrer, J. W. Birch, and Leonard H. Courtney, in opposition to bimetallism. Part H I , which is signed by Sir Louis Mallet and
Messrs. A. J. Balfour, H. Chaplin, D. Barbour, W. H. Houldsworth,
and S. Montagu, advocates a double standard. This part is supplemented b}^ two statements in which Sir Louis Mallet and Mr. D. Barbour
respectively set forth at length their individual views and opinions.
The following as given bv The Economist is a summary of Parts II
and IIL
Part IL
We have yet to consider whether the adoption ofthe bimetallic system, even if it
did effect a cure of all or some of the evils at present experienced, would be itself
productive of mischief as great or greater.
We have already pointed out that, sb far as the finances of India have suffered
from the fall in the gold price of silver, the burden dne to this cause would then become permanent.
I t is also obvious t h a t if, and in so far as, the gold price of commodities has fallen
owing directly to the fall in the gold price of silver, t h a t fall would, other things remaining the same, be permanent also, and the chance of some rise in these gold
prices, due to a rise in the gold price of silver, would be lost.
But if, on other grounds, the adoption of bimetallism were deemed expedient, we
shoukl not regard this as a fatal objection, or as counterbalancing the advantages to
be obtained from it.
There are other reasons against its adoption deserving of far more serious consideration.
I t i s alleged that the position of England as the financial center of the world depends greatly upon the fact t h a t she bas^ and has for a long time enjoyed, a gold
standard.
This is no doubt strenuously controverted, and it is asserted by other authorities
t h a t the financial position of England is in no way bound up with the circumstance
t h a t she is monometallic, and t h a t her standard is a gold one.
We need bardl^^ dwell upon the fact t h a t the financial position which this country
occupies is a matter of immense importance; t h a t t h e risk even of interfering with
it, or of taking any course whicb could reasonably be expected to affect it, is not to
be lightly encountered ; and even those who do not entertain grave apprehensions of
a disturbance of existing financial conditions, if we were to depart from monometallism and accept the bimetallic standard, can not dispute the fact t h a t t h e existence of such apprehensions is not to be treated as a trivial circumstance, or one to be
lightly regarded.
The danger may be enhanced by the circumstance that the mere fact of one change
having been made would lead to the apprebension that others might follow.
I t has not been suggested by the advocates of bimetallism t h a t we ought, if t h a t
system were adopted, to prohibit contracts requiring performance by the payment
specifically of one or other of tbe precious metals ; and in the present state of financial opinion and practice it seems by no means certain t h a t such contracts, if permitted, would not be common.
The result ofthis might be not anly to cause some strain upon the bimetallic ratio,,
b u t to send gold to a premium, and to produce considerable financial disturbance..
A further danger to be apprehended is t h a t t h e nations who were parties to the bimetallic arrangement might not continue to adhere to it.
I t may be difficult to suggest any motives which should make it their interest to
secede; and it may be capable of proof that any country violating the international
compact would subject itself and its people to loss and serious inconvenience ; but,.
DIRECTOR
OF T H E MINT.
I8i
unhajppily, enlightened self-interest is not the only motive of tbe political action of
nations, nor is self-interest always enlightened. A desire to inflict injury may often
exercise as potent an influence as self-interest, and tbe idea t h a t the financial position of one country might be endangered with a resulting advantage to other coun-^
tries might well afford a sufficient motive for action.
Any sucb departure from an international compact might indeed set tbis country
free again to act as she chose, b u t if the result were to compel her to revert to the
system she had abandoned, she would undoubtedly find herself in a position worse
and fraught witb greater evils than if sbe had maintained her existing standard.
At present tbe action of this country is unfettered, and not dependent u p o n t h e
course taken by any other power. This condition of freedom would cease as soon as
sbe became a j)arty to an international agreement.
Dangers arising from this cause would be aggravated if it were found necessary, as
we think it wonld be, to embody in an international agreement detailed stipulations
with regard to the coinage, currency, or internal financial arrangements of the several countries joining in it.
' Another serious cousiideration is t h a t the governments as well as tbe banks and financial institutions of particular countries might, notwithstanding the existence of a
bimetallic system, seek to accumulate gold. It may truly be described as at present
the more esteemed metal of the two. There has certainly been a tendency of late yeajrs
to substitute it for silver as the standard, and to use it to an increased extent for currency purposes throughout the commercial world. Witb the single exception of t h e
Bland Act in the United States, all recent changes in currency legislation have been
in the direction of using gold rather than s\lver for currency purposes. This fact
shows, at any rate, a sentiment in favor of gold which may not be without its influence;' and, indeed, beyond the mere sentiment the superior convenience of t h a t metal
for nionetary purposes may tell in the same direction.
In addition to this, the apprehension t h a t the bimetallic arrangement could not be
relied on as permanent, and the fear of secession from it, might operate strongly to
induce bankers and financiers to hold as large a stock as possible of gold rather t h a n
silver. This might cause a struggle for the possession of gold, witb consequent financial disturbance, and with the result t b a t nations who are accustomed to the use of
gold for the actual purposes of currency, and who have enjoyed its superior advanta,£/!es for that purpose, owing to its bulk being less in proportion to its value, might
not be able easily to acquire or retain all that feheir people needed for these x>iirposes.
. We have thus pointed out the advantages and disadvantages to be anticipated as
the result of entering into the bimetallic compact suggested.
We have now to weigh the advantages against the disadvantages,- and to answer
t h e question whether in our opinion the result of the change would, upon the whole,
prove beneficial.
It is coniparatively easy to estimate with substantial accuracy the extent and force
of evils or inconveniences of which we have had experience. To weigh witb just and
accurate balance the possible dangers and evils that might result from a change is a
very different matter. They must be largely the subject of conjecture. The opinions
of economists and men of experience in financial matters with respect to them have
differed, and are likely to differ. Even if not prepared to rate them as higb as some
have done, we can not question their reality.
The change proposed is tremendous, and we can not but feel t b a t to a great extent
it would be a leap in the dark.
The public mind certainly is not prepared for it at present, and the viery novelty of
thc proposal would excite apprehensions, whicb, in themselves, might not be without
their danger.
We speak of the novelty of the proposal, because, though it bas been for some years"
publicly advocated with great ability arid earnestness, it bas not found anything like
-general acceptance, and those accustomed to the existing system bave often been disposed to p u t it aside as a chimerical proposal, unwoi:tby of serious consideration.
Under all these circumstances, while fully impressed with the difficulties of the
present situation, and more especially with those which affect the government of
India, we are not prepared to recommend t h a t this country should proceed to negotiate with other nations a treaty embodying a bimetallic arrangement. We feel t h a t
t h e matter needs much more discussion and consideration in the financial world, and
by practical men, than it has yet received, and t h a t we are not in a position to advise
with any confidence that the charige could be made safely, or witbout the risk of creating evils exceeding those whicb we at present experience.
Fart I I I .
It only remains for us to give our reasons for thinking t h a t our colleagues have attached undue importance to the. several objections which bave been urged against t h e
proposed change. These objections are as follows:
(1) Tbat ' ' t h e chancre proposed is tremendous," and that its ' ' v e r y novelty would
excite apprehensions which in themselves inight uot be without their danger."
182
REPORT ON T H E
FINANCES.
To this we reply t h a t the system of currency which we recommend was in existence
in other countries for many years before 1873, aud its eft^ects practically extended toall the commercial countries of the world. We are not aware that so long as it was
maintained in its integrity any evil results ensued. The only novelty in our proposal
is that the United Kingdom should join witb the other countries specified below, in
section 35, 'in re-establishing a bimetallic system. We are therefore unable to understand bow, in view ofthe experience of the past, any ground for serious apprehension
can exist.
(2) That the position of the United Kingdom, and especially of London, as t h e
commercial or financial center o f t h e world, would be endangered.
This position,, it is urged, is due to the fact that the standard of value in this conntry is a definite quantity of a particular metal, and t h a t j)ersons entering into trans
actions, expressed in pounds sterling, consequently know with absolute certainty
what it is that thej^ will have to give or receive. This certainty, it is said, would disappear if an option were given to debtors, as is proposed under the bimetallic system, of tendering either one or two metals.
To this we reply: (a) That the commercial and financial pre-eminenee of London
dates, back to a period anterior to the establishment of the single gold standard in
this country, and a period when, a s a matter of fact, the currency o f t h e country was
bimetallic; (b) That if tbe transactions of other countries are now largely carried
out by means of bills drawn upon, London, it is becaiuse London is, for many reasons,
the best market for such bills, and that this fact is not likely to be affected by our
joining with other nations in a common system of currency; (c) That the option
. conceded to debtors under the bimetallic system could rarely have any practical effect, inasmuch as, if tbat system were established and maintained in its integrity,
there would be no appreciable inducement to select one metal rather than the other.
(3) That if bimetallism resulted in a fall in the value of gold, England, as a country
en titled to receive large gold payments, would lose, and otlier countries would gain at
ber expense.
In reply to this objection we need only refer to tbe arguments stated in section 96>
(Jc) of P a r t I of the report, to which we have nothing to add.
(4) Thai the bimetallic system depends for its successful working upon interna' tional support, and that, for adequate or inadequate reasons, other nations would^
sooner or later, cease to adhere to it.
To tbis we reply (a) that no sufficient motive can be suggested for the secession of
anyof the contracting powers; (&) t b a t provided the system was maintained over a
sufficiently large area, the secession of one or more powers would not be of vital importance ; (c) that in any case the seceding power would cause more injury to its own
subjects than to those of other countries; and {d) t h a t such an objection applies witb
equal force to all international agreements.
(5) That the tendency which is observable among the more civilized nations to use
gold rather than silver would be likely, notwithstanding the existence of a bimetallic
system, to encourage the accumulation of that metal and the creation of an agio
upon it, which would thus disturb the ratio fixed by law between the two metals.
To this wereply t h a t t h e tendency above mentioned is mainly-the result of the apprehensions and uncertainty attending upon the existing relations between the two
metals; and that all inducement to accumulate gold would cease with a return to a
stable ratio of value between them.
(6) Tbat there might be a tacit refusal of. the people of a country to accept both
metals as legal tender, and t h a t contracts would be largely made in one of the two
metals only.
The question raised in this objection is rather a matter of opinion than of argu• ment, and we only say t h a t we do not share the apprehensions of those who foresee
any serious difficulty arising from such a course.
Even if it be admitted t h a t it would be largely adopted, we do not think, t h a t so
long as the legal ratio between.the two metals continued in force, any real difficulty
could occur.
But we may point ont t h a t the objection appears to assume what has, of course,
never been suggested, t h a t the bimetallic system could be introduced into a country
without the consent of those sections of the population who would be most interested
in the adoption of such a change. We are satisfied t h a t no such measure as the introduction of the double standard could be passeci into law, in this country at least, witbout such an amount of x^opnlar support as would practically prevent the possibilit}^
o f t h e adoption of snch a course as is suppo.sed in the objection we are noticing.
(7) Tha-t if debts contracted in gold could be paid in silver, the claims of all creditors would unjustly suffer, and t h a t the adoption of a bimetallic system would t h u s
amount to a breach of faith.
'
This last objection is that which appears to us to call for the most serious consideration, and we are not disposed to underrate its importance.
If it be right that a government should adopt and impose upon its people a legal
standard of value, it is clearly its duty to provide, as far as possible, t h a t sucb stand
DIRECTOR
OF T H E MINT.
183
ard shall not be wanting in its most essential attribute, viz, t b a t of the greatest attainable stability.
Recent experience bas shown t h a t by the monetary policy of Germany, the Latin
Union, and the United States, over which this country had no control, the standard
of value in the United Kingdom has been gravely impaired, and its future stability,
as well as t h a t of the silver standard of India, seriously endangered,
In these circumstances it is evident t h a t if tbe Government, by its direct action in
changing the standard, injured tbe interests of creditors and disturbed existing contracts, it may, by abstaining from actiori, injure tbe interests of debtors to an equal
or greater extent, and affect future contracts.
I t appears to us t h a t if it is wrong in a government to make any change in its
standard of value on the ground t b a t it would disturb the relations of debtors and
creditors, it must be equally wrong to abstain from auy action which it is in its
pov^er to take by whicb a disturbance in those relations m a y b e averted.
But it is essential to observe t h a t this objection, wbatever force attaches to it, i&
not directed against the policy of bimetallism as such, but merely against the return
to the ratio of 15-^ to 1, or some otber ratio differing mucb from the current relative
value of gold and silver.
I t must also be recollected t h a t it can not be urged by those who bave insisted t h a t
tbe fall in prices is due to causes primarily affecting commodities, and not to tbe appreciation of gold. If tbe rupture of the bimetallic par has not led to tbe appreciation of gold and to a fall in prices, there appears to be no sufficient reason for supposing t h a t its renewal would affect tbe value of gold or cause a rise in prices.
For tbese reasons we do not tbink tbat, afterlgiving due weight to the foregoing
objections, they are sucb as ought to be allowed to stand in the way of such a policy
as we are prepared to recommend.
Neither nietal alone exists in sufficient quantity to serve as a sole standard witbout
causing such a change in tbe level of prices as to amount to a financial and commercial revolution ; but we can not doubt t h a t if a sufficiently wide area of agreement
between the leading commercial countries can be secured, this most important result
may be effectually attained, and a great international reform successfully accomplished.
Further, we are strongly impressed with tbe conviction t h a t whatever evils may be
expected to flow from a return to the status quo ante, tbe evils, both present and prospective, o f t h e existing situation are infinitely more serious.
Failing in any attempt to re-establisb tbe connecting link between the two metals, it
seems probable that the general tendency of the commercial nations of the world will
be toward a single gold standard.
Any step in t h a t direction would, of course, aggravate all tbe evils of tbe existing
situation, and could not fail to have a most injurious eftect upon the progress of t h e
world.
A further fall in the value of silver might at any moment give rise to furtber evils
of great and indefinite magnitude iu India, while a furtber rise in the value of gold
might produce the most serious consequences at borne...
No settlement o f t h e difficulty is, however, in our opinion, possible without international action.
The remedy whicb we suggest is essentially international in its character, and its
details must be settled iri concert with the other powers concerned.
I i will be sufficient for us to indicate the essential features of the agreement to be
arrived at, namely: (1) Free coinage of both metals into legal-tender money; and
(2) the fixing of a ratio at which the coins of either metal shall be available for tbe
payment of all debts at the option of the debtor.
The particular ratio to be adopted is not, in our opinion, a necessary preliminary
to the opening of negotiations for the establisbment of such an agreement, and can,
with other matters of detail, be left for further discussion and settlement between
the parties interested.
We therefore submiii t h a t the chief commercial nations of the world, sucb as the
United States, Germany, and the states Ibrming the Latin Union, should in tbe first
place be consulted as to their readiness to join with the United Kingdom in a conference, at which India and any of the British colonies which may desire to attend
should be represented, with a view to arrive, if possible, at a common agreement on
the basis above indicated.
We haye indicated/what appears to us to be tbe only permanent solution of tbe
difficulties arising from ihe recent changes in the relative value of the precious
metals, and tbe only solution whicb will protect tbis and other countries against the
risks of the future. At the same time we approve the recommendations of our colleagues in sections 134-137.
We dp not attach much importance to their probable direct effects; b u t their influence at the present time would be beneficial, while their adoption would place no
obstacle in the way of a more satisfactory solution at a future date, and might x>ossibly'facilitate it.
\
184
R E P O R T ON T H E FINANCES.
Australasia.—Mr. George, Anderson, deputy master of the Melbourne
branch of the Royal Mint, has kindly communicated, under date of September 4, 1888, a statement of the production of gold and silver in the
several provinces of Australia and New Zealand during the year 1887,
-as follows:
PRODUCTION OF AUSTKALIA AND N E W ZEALAND F O R 1887.
Ounces.
Metals.
Gold
Silver
.
.
1 436 953
2M 437
. . .
As previously explained in reports of this Bureau* the ounces given
in. this statement are gross ounces. Making a deduction of 8 per cent.,
as heretofore, tbe net i)roduction of precious metals in Australia and
-New Zealand for 1887 was as follows :
Fine
ounces.
Metals.
•'Oold.
Silver
1, 321, 997
206, 483
New Zealand.—Mr. John T. Campbell, United States minister at
Auckland, transmits, under date of March 21, 1888, replies to the interrogatories of the Bureau of the Mint relative to the colony of New
Zealand.
'
•
Ounces.
Iteans r e p o r t e d for 1887-
Imports:
Gold coin .
S i l v e r coin .
Exports:
Gold coin
Gold bullion
.
^
..
. .
.
.
Value in
United States
money.
180, 500
612
..
....
Silvercoin
S i l v e r buUion
P r o d u c t of m i n e s :
Gold.
Silver
Pounds
sterling.
203, 869
20, 309
. .
$878, 403
2,978
180, 014
747, 878
•382
3,453
876,
3, 639,
1,
16,
038
548
859
804
811,100
3,454
3, 947, 218
16, 809
New South Wales.
I t e m s r e p o r t e d for 1887.
Ounces.
Pounds
sterling.
2, 069, 000
P r o d u c t of m i n e s , 1887:
Gold
Value in
United States
money.
$10, 008, 788
] 10, 288
177, 307,
'See Report on Production of the Precious Metals, 1886, p. 69.
DIRECTOR
OF T H E
185
MINT.
Victoria.
Items.repor ted for 1887.
Coiiiage of mint at Melbourne, gold
Imports:
Gold bullion
Gold coin . ..
Silvercoin
.....
..
Exports:
Goldbullion
Silver coin.
."Broduct of mines:
Gold
Silver
Ounces.
Pounds
sterling.
2, 887, 800
Value in
United States
money.
$14, 053,479
2, 942, 635
259, 635
150, 880
...
1,217,325
5, 055, 605
7,075
•.
017,751
26,321'
12, 768, 913
34, 030
India.—Monetary statistics of India are compiled and published in
very complete form. Copies of recent publications by the government bearing on the precious metals in India have been received at
this Bureau,
Mr. J. E. O'Conor, assistant secretary to the Governinent of India,
transmits, under date of November 24,1887, tables showing, for the cal<indar years 1885 and 1886, the coinage of the mints at Calcutta and
Bombay, the production of gold in India by districts, and names of
companies, and imports and exports of gold and silver.
Answers to the interrogatories covering the years 1885 and 1886,
which have not heretofore appeared, have also been forwarded.
The same gentleman transmits, under date of April 30, 1888, reports
of the workings of the mints at Calcutta and Bombay for the years
18861 and 1887.
Mr. Benjamin E. Bonham, consul-general at Calcutta, transmits, under
•date of July 27, 1888, replies to the interrogatories o f t h e Bureau of
ithe Mint covering the year 1887, together with tabular exhibits:
Items.reported, calendar years.
Rupees.
iValue i n U n i t e d
States money.
•Gold c o i n a g e :
1-885
,
1887..:
225, 855
$106, 987
*8, 970
4,249
Silver:
1885
,
102, 358, 273
48. 487,114
;i886
57,254,411
27, 121, 414
1887..
93,185, 589
44,142, 013
iRecoinage, 1886:
Domestic-silver-coin
441,065
208, 932
F o r e i g n s i l v e r coin .
7, 860, 092
3, 723, 325
5,138, 874
2, 434, 284
1,923,888
911, 346
1887:
]:^ational
,
Foreign
i P r o d u c t of m i n e s (gold):
18'85...
283, 037
134, 075
1886
876,118
415,017
165, 659
319, 529
1887
,.,
186
REPORT ON THE FINANCES.
I t e m s reported, calendar years.
Rupees..
I m p o r t s (gold) :
1885
1886
.1887
-
Exports (gold):
1885
V a l u e in U n i t e d
States money.
27,304,719
$12, 934i 245»
26, 518, 761
12,561, 937
32, 396, 810
15,^ 346, 369
2, 931, 853
1, 388, 819
7,160, 077
1886
1, 502, 308 •
1887
I m p o r t s (silver) :
3-391 728,
711,643
1885
118,711,488
56,233, 632'
1886
88, 310, 130
41, 832, 508
1887
96,158, 798
45 550 422'
11, 431,189
5, 414, 954
11, 040, 544
5,229,905
12, 729, 256
6, 029 848
Exports (silver):
1885
~
1886
•
1887.
^All recoinage of foreign coins.
t Pounds sterling.
Canada,—Mv. Thomas W. Hotchkiss, United States consul at Ottawa
forwards, under date of February 22, 1888, the information requested,
by the Bureau of the Mint, covering the calendar year 1887 :
Items, reported.
Value.
Silver coina,ge (executed at London)
Imports of gold coin and bullion
Exports*
$85, 000
1,139,169
1,053
*• Includes silver.
Ca.pe Colony.—Mr. James W. Siler, United States consul at Cape
Town, forwards, under date of March 12, 1888, the information requested by the IBureau ofthe Mint, covering the calendar year 1887:
Items reported for 1887.
Gold:
Imports
Exports
Silver:
Imports
Exports
Product of mines, based on exports
P o u n d s ster- V a l u e i n Unitedling.
States money.
686,197
$4, 312, 678
46,970'
228, 579
49, 211
239, 485
17,013
82, 794
236,6.12
V 1; 151, 472
In the Appendix* will be found a table extracted from Petermann's
Mitteilungen, thirty-eighth volume, 1888, showing the exportation of
gold from JS"atal and Cape Colony each year from 1871 to 1887, inclusive,
and for the first five months of the year 1888.
^ See foot-note, page 285.
187
DIEECTOR OF THE MINT.
FRANCE AND FRENCH COLONIES.
France.
Items reported for 1887.
Amount.
Kilograms.
Francs.
Coinage:
Gold
Silver [subsidiaryJ'
24, 668,190
8, 910, 583
Value in United
States money.'
/
$4,760,960
1, 719, 742
Piastres.
Silver for Cochin Cbina
Cochin-Cbina 20c. pieces
3, 076,410
50, 000
3, 076, 410
50, 000
Gourdes.
Silver for Hayti
Fractional silver
Imports:
' Gold coin
Gold bullion
Silver coin
Silver bullion
Exports:
Gold coin
Gold bullion
Silver coin
• Silver bullion
Product of mines 1886
200, 000 ,
. . .
300,000
200, 000
300, 000
Francs.
61, 891, 344
30, 919, 026
150, 090, 004
.
23, 584, 757
.'
146, 686, 614
69, 054, 959
....
129, 008, 948
9, 535, 905
11, 945, 029
5, 967, 372
28 967,371
4, 551, 858
28, 310, 516
13,327,607
24, 898, 727
1, 840, 429
46, 789
• Recoinage of old national and papal coins.
Items reported for 1887.
Imports :
Gold coin
Exports:
Gold coin
Imports:
Silver coin
Exports :
''
Silver coin
Silver bullion
Kilograms.
•
:
16. 300
$10,. 833
4.000
3. 328
2,658
2,212
37, 602.105
.........
.,
Value in
United States
money.
9, 304. 895
19. 225
1, 562, 743 ,
386, 711
799
188
REPORT ON THE FINANCES.
BELGIUM.
Mr. Lambert Tree, minister resident of the United States at Brussels, transmits^ under date of August 9,1888, replies from the Kingdom
of Belgium to the interrogatories of the Bureau' of the Mint.
Kilograms.
Items reported for 1887.
Coinage, silver:
Kecoinage of 5-franc pieces
For tbe Free State of tbe Congo :
15-franc pieces
Divisional pieces
Imports:
Gold ore and bars
:
Gold coin
••
Gold manufactured goods .
.
Silver ores and bars
Silver coin
Silver, manufactured goods
Exports:
Gold bars
Gold coin
"
Gold manufactured goods . . . .
Silver ores and bars
. . .... ...
Silver coin
Silver, manufactured goods
Francs.
Value in
United States
money.
7, 800, 000
$1, 505, 400
40, 000
60, 000
7,720
11, 580
1, 872,122
361, 319
1,148, 015
221,567
117, 617
. 22, 700
36, 030
6, 954
.18, 069
61
.
.
.57, 671
494
19
37
268, 937
818
SWITZERLAND.
Mr. Boyd Winchester, minister resident and consul-general at Berne,
transmits replies to the interrogatories of the Bureau of the Mint.
Items reported for 1887.
Francs.
Value in United
States money.
Coinage:
* 1,400, 000
$270, 200
Silver (limited tender).
Gtold.
15, 374, 205
2„967, 221
ImjDorts
3, 949, 576
762, 268
Exports
Silver:
4, 594, 501
23, 805, 705
Imports
3, 331, 244
17, 260, 383
Exports
* A portion of this coinage consisted of recoinage of silver coins withdrawn from circulation.
At the instance of this Bureau, Mr. Winchester was instructed to
obtain from ^the Swiss government a statement of the approximate
value of gold and silver used in Switzerland annually in manufactured
goods. Under date of March 19,1888, he transmits the desired information.
189
DIRECTOR OF THE MINT.
The department of commerce of Switzerland estimates, from the
best information at hand, the value of the gold and silver used in the
industrial arts during the year 1887 as—
Francs.
Metals.
Gold
37, 000, 000
(j 3, 000, OOOOtO 4, 000, 000'
..
Silver
Value in United
States money.
$7,141, 000
579, 000
to 772, 000
ITALY.
Mr. John B. Stallo, United States minister at Eome, transmits, under
'date of June 27,1888, replies to the interrogatories of the Bureau of the
Mint covering the calendar year 1887 so far as they relate to the Kingdom of Italy.
I t e m s r e p o r t e d for 1887.
Kilograms.
Lire.
32, 400, 000
Silver c o i n a g e (limited t e n d e r )
V a l u e in
United States
money.
$6, 253, 200
Imi^orts:
Gold coin . . . '
179, 300
420, 605
Gold b a r s
595, 200
1,079,873
876, 2u0
4, 608,106
504, 400
97, 349
Silver coin
, 031, 600
14, 867, 099
Silver b u l l i o n
, 195, 940
809, 816
S i l v e r coin
864, 400
15, 992, 829
Silver b u l l i o n
262, 080
629, 581
Exports:
G o l d coin
,
Gold b a r s . . .
.^
Imports :
Exports :
P r o d u c t of m i n e s , 1886 :
Gold
Silver
')'
.
Items reported for 1887.
Silver coinage . ...'.
195
527, 736
lOi, 853
33, 839
', 414, 240
1, 044, 948
SPAIX.
Pesetas.
*59, 012, 510
* Kecoinage of pillar dollars into 5-peseta pieces.
'Value in
United States
money.
$11,389,414
190
REPORT ON THE FINANCES.
AUSTRIA-HUNGARY.
Mr. James E. Roosevelt, charg6 d'affaires ad interim at Vienna,
transmits, under date of July 27, 1888, a communication from the Austrian Government relative to coinage and production of the precious
metals for 1887, and Mr. Alexander R. Lawton, minister of the United
States at Vienna, transmits, under date of September 19,1888, a statement showing the production of gold and silver from the mines of Hungary during the year 1887:
Items reported.
Kilograms.
Florins.
Value in
United States
money.
Coinage, gold, 1887:
Mint at Vienna
2. 999, 285
$1,445, 655
2, 539, 617
1,224, 095
5, 538, 902
2,669 750
Mint at Vienna
Mint at Kremnitz
5, 927, 230
2, 022, 064
2, 856, 925
974, 635
Total
7, 949, 294
3, 831, 560
3,175, 928
1, 530, 797
*400, 032
192, 815
Mint at Kremnitz
. . .
Total
Coinage of l e g a l - t e n d e r s i l v e r coins, 1887:
Coinage of s i l v e r t r a d e coins, 1887 :
Mint at Vienna
C o i n a g e of f r a c t i o n a l s i l v e r c o i n s , 1887 :
Mint at Vienna
Mint at Kremnitz
.
.
.
.
.
:
2, 537
1, 223
402, 567
194, 038
N a t i o n a l coins
998, 430
481, 243
F o r e i g n coins
990, 950
477, 638
1, 989, 380
958,881
7, 570, 300
3, 648, 884
Total
E e c o i n a g e of gold a t m i n t a t V i e n n a : .
Total ...'
I m p o r t s , gold
Exports
gold
.....
. . , . - .
Imports, silver
E x p o r t s silver
....
3, 521, 200
1, 697, 218
2, 496, 792
1, 203,454
837, 585
403, 716
P r o d u c t of m i n e s , 1887 :
Gold A u s t r i a
•
Gold. H u n c r a r v
Total.
14.944
9,932
1, 86L 959
1 237,458
1. 876.903
1, 247, 390
Silver, A u s t r i a
35, 745. 219
1 485 571
Silver, H u n g a r j ' '
17, 646. 493
733, 388
53, 391. 712
2, 218, 959
Total..
" KecoinagCo
191
DIEECTOE OF THE MINT.
GERMANY.
I t e m s r e p o r t e d for 1887.
Kilograms.
Value in
United States
money.
Marks.
Coinage:
Gold
118,215,420.
3, 005, 644
Silver
Imports:
Gold coin
1
Gold b u l l i o n
1
Total
Exports:
Gold coin
.
.
..
Goldbullion
Total
Impprts:
S i l v e r coin
Silver b u l l i o n
Total
Exports:
:
'
.
Silver b u l l i o n
. Total
/
$28,135,270
715, 343
14,082
9, 358, 897
7,251
4, 819, 014
21, 333
14,N177, 911
2,609
2, 889
1, 733, 941
1,9^5 029
5,498
3, 653, 970
33, 832
1, 406, 058
33, 043
1, 373, 267
66,875
2, 779, 325
'
..
.'
62, 778
2, 609, 054
156, 290
6, 495, 412
219, 068
9,104, 466
[Product of m i n e s :
Gold
'
Silver ( i n c l u d i n g silver from f o r e i g n ores)
2, 251
6, 281, 000
• 1, 494, 878
367, 634
48,157, 000
11, 461, 366
NETHERLANDS.
Florins.
I t e m s r e p o r t e d for 1887.
Value in United
States money.
•Coinage:
407, 540
190, 000
(^old
Silver, s u b s i d i a r y (recoinage)
$163,831
76, 380
imports:
Gold coin
(3-old b u l l i o n
Total
lExports, gold coin
Imports:
Silver coin
Silver bullion
Total
...
E .'cports, s i l v e r coin
413,1.54
166,088
2, 332, 509
937,668
2, 745, 663
i, 103, 756
408,500
164, 217
481, 610
274, 966
193, 607
110, 536
756, 5'"6
304,143
175, 000
70,35^0
PORTUGAL.
I t e m s r e p o r t e d for 1887.
Milreis.
V a l u e in U n i t e d
States money.
Coinage:
Gold
250, 000
$270,000
Silver
889, 000
960,120
192
REPORT ON THE FINANCES.
SCANDINAVIAN
UNION.
Denmarh,—Mr. Rasmus B. Anderson, United States minister at Copenhagen, transmits, under date of February 2, 1888, information covering the calendar year 1887, relative to the Kingdom of Denmarli:
I t e m s r e p o r t e d for 1887.
CrownSi
Imports:
Gold coin
^.
Gold bars.
-
--
-
Value in
GTnited Statesmoney.
10, 450, 000
. . . -.
$2, 800,600
1, 350, 000
361,800'
....
11,800,000
3,162,400
E x p o r t s , gold coin .
8, 800, 000
Total
I t e m s r e p o r t e d for 1887.
Coinage silver
-.-
Crowns.
2, 3:;8, 400'
V a l u e in
United States
money.
300, 000
. -
$80, 400'
RUSSIA.
I t e m s r e p o r t e d for 1887.
Roubles.
V a l u e in U n i t e d
States money.
Coinage:
Gold
26, 055, 035
2, 010, 507
Silver
$20,109,276
1, 551, 710
P r o d u c t of m i n e s :
Gold
26, 032, 513
20, 091, 893'-
. 728,540
. 562, 287
Silver
TURKEY.
The only coinage executed at the Ottoman mint during the year consisted of a recoinage of subsidiary silver coins.
Mr. John Cardwell, United States agent and consul-gieneral at Cairo^
transmits, under date of April 22,1888, replies to the interrogatories of
the Bureau of the Mint, covering the year 1887:
I t e m s r e p o r t e d for 1887.
Egyptian
pounds.
V a l u e iu
U n i t e d vStates
monev.
Coinage:
^ Gold
49, 839
$246, 354
436,919
2,159, 690'
Irajports .
2, 458,469
12,152, 212
Exports .
1,416,069
6,999,629-
608,271
3, 006, 683
481, 996
2,. 382, 50&
Silver'^ . .
Gold:
Silver.:
Imports .
Exports .
''
* I n c l u d e s r e c o i n a g e 373,602 E g y p t i a n p o u n i l s of E g y p t i a n s i l v e r coins..
DIRECTOR OF THE MINT. \
193
The valnes at which the government received foreign [silver coins,
during the years 1886 and 1887 are also transmitted, and will be found
in the Appendix.
SIAM.
•
Coinage:
Silver'^.
^
Value in
United States
money.
Ticals.
Items reported for 1887.
......^
$2,216,065
3,922,240
, * T b e t i c a l is a s i l v e r p i e c e w e i g h i n g 233.55 g r a i n s , a n d of a fineness a v e r a g i n g a b o u t .902.
TRIPOLI.
• *
• '
/
'
.
•
-
A special inquiry was addressed, at the instance of this Bureau, by
the Secretary of the Treasury to the Department of State relative to
the-unit of value of Tripoli. This was intended to apply to Tripoli,
one of the Barbary States of Africa, but was sent to the United States
consul at Beirut in Syria, wlio endeavored to obtain the information in
regard to Tripoli, Barbary.
According to the statement of this consul, forwarded under date of
April 12y 1888, the money of account of Tripoli, Barbary, is the Turkish
piaster. He states that this piaster does not exist as a coin, the nearest
approach to it being the Turkish silver piece of 40 paras, which the government receives at 38 paras, the present market value being 45 paras.
He states that both silver and gold are legal tender in Tripoli.
,
This information fails-'to cover the inquiries of this Bureau.
In invoices from Tripoli, Barbary, and in accounts kept by merchants
there,, the mahbub of 20 piasters is the money of aceount, the Turkish
piaste;r and other foreign coins constituting the circulating media.
Until further information be received the value of the mahbub of 20
piasters will continue to be estimated as the money of account of Tripoli,
Barbary.
TUNIS. •
' - . . • '
•
\-
A decree has been issued by the Bey assimilating the coinage system
of Tunis to that of the States of the Latin Union. It ordains that the
full legal-tender coins of the Latin Union shall be received at all the
public treasuries of the Regency, at a proportion of six-tenths of a '
franc for a Turkish piaster, and that they shall be re-issued by the public treasuries in the same proportion.
'•
' '
• .•
• J A P A N .
.
'
•••
'.'
Mr. Richard B. Hubbard, United States minister to Japan, transmits
answers tb the interrogatories of the Bureau of the Mint so far as they
relate to the Japanese Empire, covering the calendar year 1887.
.
•
.
•
« i
H. Ex.2-.—13
'
-
•
'
•
'
194
KEPOET ON THE FINANCES.
Items reported for 1887.
Coinage:
Gold.
Silver
Imports of gold bullion
Exports of gold coin . . . . . . . . . . . . . . . . . . . . . . . .
Imports:
Silver coin
Silver bullion
.'.-.
«.«
Exports:
/
,
Silver coin
Silver bullion
^
Product of mines:
Government mines, 1887 (gold)
Private mines, 1886 (gold)
Government niines, 1887 (silver)
Private mines 1886 (silver) '
. . . . ..
Tens.
Ounces.
.
*897
tlO 279
62
86
.........
420
555
717
236
435 277
7,176, 399
10, 946,411
2, 484
..-.
.
" Includes recoinage of 220 yens.
6,491
9,292
193,538
886,639
166, 893
208,173
248,126
1, 084, 511
t Includes recoinage of 109 yens.
CHINA.
Mr. Charles Denby, United States minister to China, transmits, under
date of March 28, 1888, replies to the questions propounded by the
Bureau of the Mint, but communicates no information of value.
He also transmits an article in regard to circulation of standard cash
in Peking, and a Secree that the Peking cash will not be withdrawn, but
be supplemental to the standard cash.
The papers will be found in the Appendix* to this report.
Mr. Charles W. Buck, United States minister plenipotentiary at
Lima, transmits, under date of July 17 and July 20, 1888, replies to the
interrogatories of the Bureau of the Mint, and communicates other information relation to monetary affairs in Peru.
. Items reported for 1887.
Coinage:
Silver
Exports:
Gold.'.....
Silver.
Product of mines:
Silver
Kilograms.
Sols.
1, 685,000
o
. . . . . ...
:
.
:.
Value in
" United States
money.
$1, 685, 000
, 120
10, 827
79, 752
449, 970
49,750
2, 067, 651
.
..
.
..
.
..
* See f o o t - n o t e , p a g e 285.
195
DIRECTOR OF THE MINT.
CHILI.
, Items reported.
Kilograms.
Coinage, 18,87:
Gold
Silver
Imports, 1886:
Gold coin
.
.
.
Value.
$25, 360
332,990
,
...
Exports, 1886:
Goldcoin..
Goldbullion
19,039
83, 983
193,498
„
Total.....
„
Imports, 1886:
Silver coin
Silver bullion
J.
277,481
,
•
/
Total
284, 970
Exports, 1886:
^
Silver coin.... . . . . . . . . . . . . . . . . .
.....
Silver b n l l i o n . . . . . . . . . . . . . . . . .
.....
. .
....
....
560,433
6,666, 715
Total...
Product of mines, 1886:
Gold (estimated)
Silver
!...
178, 253
106, 717
7,127,148
^
,
500
210,000,
332, 300
8, 727, 600
ARGENTINE EEPUBLIC.
Item^ reported.
Coinage:
Gold
Imports of gold . i
Exports of gold
.....:..
Imports of silver
Exports of silver
Product of mines (estimated):
Gold
Silver.......
1886.
...;..
...
Value.
^1, 988, 670
L9, 488, 809
7,832,816
1, 226,853
525, 202
20, 000
60^000
. . 1887.
Coinage, gold
Product of mines (estimated):
Gold.........
Silver
;
9,173, 370
30, 000
30, 000
196
REPORT ON T H E FINANCES.
PARAGUAY AND URUGUAY.
Mr. John E. Bacon, charge d'affaires of tbe United States, tr,ansmits,
under date of March 21, 1888, the information desired for the calendar
year 1887 in regard to the republics of Paraguay and Uruguay.
Uruguay,
Items reported for 1887.
Value.
Imports o'f gold and silver.
Exports of gold and silver.
$3, 560, 450
7, 127,137
CENTRAL AMERICA.
Mr. Henry C. Hall, envoy extraordinary and minister plenipotentiary
to the Central American States, transmits, und.er date of October 29,
1887, November 7 and I^^Tovember 15. 1887; and Mr, James R. Hosmer,
charge d'affaires ad interim^hn^ev (late of May 15 and June 20, 1888^
and Mr. Charles H. Wills, United States consul at Managua, Nicaragua,
under date of August 13,1887, information in response to the interroga
tories of tbe Bureau of the Mint covering the calendar years 1885,
1886, and 1887, relative to,coinage, production, and movement of the
precious metals in the republics of Costa Rica, Honduras, Guatemala,
Nicaragua, and Salvador, all of which is voluminous, and will be found
in the Appendix.
Items reported.
Value.
Costa Mica.
Coinage (silver):
1885
:
../
$112, 936
148, 036
1886
87, OOO
E x p o r t s , 1887, gold b a r s . . . . . . .
817,271
I m p o r t s , s i l v e r coin
86, 70:i:
E x p o r t s , silver coin
P r o d u c t of m i n e s , 1885:
'
6,119
Gold, - . .
229, 351
E x p o r t s of gold a n d silver, 1885
P r o d u c t of m i n e s , 1887 :
'
87,000
Gold..
Items reported.
Kilograms.
Value.
, Guatemala.
Coinage:
Silver, 1886
$27,387
I m p o r t s , 1885, s i l v e r c o i n ,
604, 583
E x p o r t s , 1885, s i l v e r coin -
37, 672
- I m p o r t s , 1886: •
Gold.
i,
22, 000'
Silver
1,108, 928
E x p o r t s , 1886:
Gold....
11,670
Silver.".
176,048
Honduras.
Coinage (silver):
106, 510
1885..
71,978
1887
Product of mines:
1887, silver
1, 799
DIRECTOR
OP
THE
197
MINT.
CENTRAL AMERICA--CODtinued.
.' ^
Items reported.
Kilograms.
Value.
Nicaragua.
Coinage, 1887:
Silver
Exports, 1885:
• Gold..'
Silver
...
$400, 000
...
--
152
80
Salvador.
Imports of silver coins, 1887
Exports of silver coins, 1887
Product of mines 1887:
Gold.:.
Silver-...:...
862, 240
104,919
.
66,439
240,197
..
H A W A I I A N ISLANDS.
Imports, 1887:
Gold coin
Silver coin
Exports, 1887:
Gold coin..
' • Silver coin
/
.
.. . .
...
.
.
. . . . . ..
...
........
.
.
"
'
,
899, 282
1,071
.
....
,
.''.
,
"
17, 090
4,186
'
....•.', CONCLUSION.
In closing my fourth annual report it is my privilege to remark t h a t
no shortage has been incurred in the mint service of the United States
since nfy entry upon the duties of this officel
It may be proper also to state that there have been no disallowances
of any moment in the settlement by the accounting officers of the Department of the accounts of expenditures in the mint service which have
received my approval, or in the technical accounts of operations on bullion and coin.
I t is a pleasure to be able to bear testimony to the ability and cheerful zeal with which not only the regular work of the service has been
performed, but also much extra work by way of meeting the requirements of the Bureau in the annual collection of statistics of the precious
meta^ls, and enabling me to present in the annual report of those statistics numerous exhibits for the calendar year uniform with, and supplementary to, those for the fiscalyear contained in the several reports
of the present serie.s.
,
Acknowledgments are due to the clericalstaff, and especially to
Messrs. R. E. Preston, F . P . Gross, and H. E. Spackman, whose intelligent services in the regular work of the Bureau and in the preparation
of both series of annual reports have been unremitting. Mr. E. O.
Leech, computer of bullion, has rendered, as usual, invaluable statistical and editorial assistance!
I am, very respectfully, yours,
JAMES P.
KIMBALL,
Director ofthe Mint,
Hon.
CHARLES S.
FAIRCHILD,
tSeeretary of the Treasury,
198
R E P O R T ON T H E FINANCES.
APPENDIX.
/
I . — D E P O S I T S AND P U R C H A S E S OF GULD AND S I L V E R , B Y
COINAGE MINTS.
Description.
GOLD.
San Francisco.
Standard ozs.
Standard ozs. Standard ozs. Standard ozs.
Carson.
New Orleans.
.
United States bullion (domestic production)
TJnited States coin
Pbiladelphia.
:
Eoreign bullion
* Foreign coin
7,073.431
1,010,756.454
4,556.612
68.433
3,176.294
2, 722.019 ^
38,936.516
1, 041.282
346.545
215, 549.024
607.469
1,450.052
2,193.553
42, 862. 811
Jewelers' bars, old plate, etc
Total
57,561.418
48,102. 020
1, 266, 760.479
48,102. 020
7, 018. 598
1,266,760.479
48,102.020
7, 018. 598
, Ke-deposits:
Eine bars
218. 082
Unparted bars
219, 315. 398
Total gold received
277,094.898
SILVER.
United States bullion (domestic production ) .
•
J
16,116,174. 36
1, 428, 860.44
United States coin
358, 090. 84
62,537.50
United States coin, trade dollars
511,608.17
140, 408. 73
22,174.66
717,830.37
2, 321. 92
1.98
174, 919.12
453. 56
17,185,289.07
2, 350, 092. 58
Foreign bullion
Foreign coin.
Jewelers' bars, old plate, etc
Total
780,941. 35
9,716,402.68
1,443.70
23.31
9, 462.00
36,115.36 .
20,59L55
780, 941. 35
9,784, 038. 60
Ke-deposits:
Eine bars
106, 362.99
:
58,185. 94
995. 55
221,714. 29
Unparted bars
Total silver received
17, 513, 366. 35
2, 408, 278. 52
781,936. 90
9,784,038.60
Gold and silver deposits and purchases. • 17, 242, 850. 488 ,3,616,853.059
829, 043.370
9, 791, 057.198
Re-deposits:
Gold..
Silver.......
219,533.480
.....
Total gold and silver received
328,077.28
17, 790,461. 248
58,185.94
995.55
3, 675, 038. 999 830, 038. 920
9, 791, 057.198
199
DIRECTOR OF THE MINT.
APPENDIX.
WEIGHT, 'DURING THE FISCAL YEAR ENDED JUNE 30,1888.
;-
.
. ASSAY OFFICES. .
.
Total.
• New York. "
Denver.
Standard ozs.
Bois6.
Helena.
Charlotte.
Saint Louis.
Standard ozs. Standard ozs. Standard ozs. Standard ozi Standard ozs Standard ozs.
457,29L714
94; 293.4.33
.18,432.281
49.986
39, 725.711
64,455.991
14,992.827
11. 029
1,125,873.984
567,980.832
5,147.401
1,741,838.982
177.918
26,472. 553
7,250
1,168, 581.031
98. 700
784, 582. 570
77. 847
76. 229
1, 973. 636
160, 645.361
39,725.711
64; 544. 867
15,009:056
7,404. 905
3,882,120.497
, 777.996
8, 934. 784
6,222.995
542. 794
236, 248.227
2,511,275.278
95, 380. 664
48, 660. 495
70,767.862
15,069.056
7,947.699
4,348,077,049
4,019,556.41
21,962.64
16, 599. 99
30, 3,33,51
2,760.02
1,574.39
111, 751. 984
259.249
2,'281, 330. 775
94,602.668
454.260
229,490.243
229,708.325
;.
2, 590. 05
.
2.92
259,046.92
424, 665. 01
911, 087.13
^
683, 642.16
658.52
1,433, 767. 71
75,054.37
36,615.11
340,113.55
68.81
46.10
2,704. 94
539, 099. 96
16, 599. 99
30,405. 24
2, 806.12
4,937.85
35, 518, 839. 97
4,268.76
1,335.81
202.33
5, 341, 564.'20
•
32,135,165.79
22,164. 97
n
c
•
20,632.28
8,124.91
186,176.76
278. 64
'
5,370,32L39.
22, 443. 61
20,868.75^
31, 741.05
7,622,894.975
116,767.638
56, 325. 701
94, 950.107
2, 806.12 .-
17, 875.176
; 768.78
236,49L19
5, 706. 63
35,941,507.92
12, 342. 755
39,400,960.467
229,944.503-
777.996
8, 934. 784
6,-222.995
542.794
465 956. 552
28,757.19
278. 64
4, 268.76
1, 335. 81
768.78
422,667. 95
7, 881, 596. 668
117, 824. 274
69,529.245.
102,508.912
17, .875.176
13, 654. 329
40, 289, 584. 969
200
R E P O R T ON T H E FINANCES.
I I . — D E P O S I T S AND P U R C H A S E S OF GOLD AND S I L V E R , B Y
COINAGE MINTS.
Description.
Philadelphia.
San Francisco.
Carson.
New Orleans.
GOLD.
United Stales bullion (domestic pro-.
$131, 598. 70 $18, 804, 771.23
United States coin
Foreign bullion
•
iForeign c o i n . . . . . . ' . . . .
Jewelers' bars, old plate, etc
V
$894,921.30
84, 774.18
1,273.17
$59, 093.84
.50,042.21
724, 400. 30
19, 372. 69
6,447. 35
4,010,214.40
11,30L75
797, 447. 65
26,977.71
40, 810.28
-
Total
1, 070, 910. 09
,.
23, 567, 636. 81
894, 921. 30
130,578.56
23, 567, 636.81 ^ 894,92L30
130, 578.56
Re-deposits:
' Fine bars
,
.-
Unparted bars
,
4,057.35
• 4,080,286.47
. 5,155,253.91
Total gold received
SILVER.
United States bullion (domestic production)
..s'
18, 753, 366.49
Uriited States coin
United States coin (trade dollars)
•.
Foreign bullion
Foreign coin
Jewelers' bars, old plate, etc
Total
Re-deposits:
"
,
908,73L75
11,306,360.47
72,770.91
595,325.87
163,384.70
27.12
25,803.24
.835,293.52
11,010.33
1,679.94
2,70L 87
2. 31
42, 025.15
203, 542. 25
527. 78
23, 961.08
19, 997,427. 24
2,734,653.16
908, 731. 75
123,767.84
67, 707. 27
1,158. 46
11, 385, 064.09
\
Fine bars
Unparted bars
1, 662, 673. 94
416, 687. 52
1
;
Total silver received. Gold and silver deposits and purchases.
257,994.81
20, 379,189.89
21, 068, 337. 33
^
2, 802,360.43
909,890 21
11, 385, 064. 09
26,369,997.24 1,803,653.05
.11, 515, 642. 65
Re-deposits:
Gold
Silver..,
4, 084; 343. 82
.'..
Total gold and silver received . . .
381,762.65
1,158.46
25, 534, 443.80
26,369,997.24 1,804, Sir. 51
if, 515, 642. 65
DIREQTOR OF T H E
201
MINT.
VALLUE, D U R I N G THE F I S C A L Y E A R E N D E D J U N E 30,
1888.
ASSAY OFFICES.
T o t a L "•,
NewYork.
Denver.
, $8,507,752.81 $1,754,296.42
342, 926.15
Bois6.
Helena.
$739,082.99 $1,199,181.23
929.97
Charlotte.
$278,936.31
205.19
20, 946, 492. 36
10,567,085.25
Saint Louis.
$95, 765. 60
$32,406,306.59
'3,310.10
.492, 512.60
134.88
21,741,042.44
1,836.28 .
14, 596, 885.03
1,448.32
1,418.21
36,718.81
2,988,750.90
739,'.082. 99
1, 200, 834.74
.280,354.52
137, 765. 67
72, 225, 497. 56
14,474.34
166, 228. 54
115, 776.65
46,721,400. 52 .1,774,523.97
905, 311. 53
1, 316,-61L 39
2, 079) 106. ^8
4, 823. 24
42,443,36,3.25
1, 760, 049.63
4, 269, 585. 92
8,451.35
4, 677,301. 98
'4,273,643.27
25, 556. 52
A 9 , 316..35
3, 013. 88
36,297.17,
10, 098. 49
4,395,315.84
280,354.52
147, 864.16
80, 894, 456. 67
3,2n.65
1,832. 02
37, 393, 648.34
3.39
494,155.64
301,436.42
.
1, 060,174.11
795,*510.88
766. 28,
42,606.67
1,668,384.25
87, 336. 00
80.07
53.64
3,147.56
627, 316. 32
19, 316. 35
\35,380.63
3, 265. 29
5, 745; 86
41,331,014.66
324.23
4,967.29
1,554.40
894. 58
275,189.75
6,^249, IOL 24
26,116.19
24, 283. 64
36, 935. 03
3, 265. 29
6,640.44
41,822,846.45
48,659,001.58
1, 785, 841.59
758, 399. 34
1, 236, 215.37
283, 619. 81
143,51L53
113, 556, 512. 22
4, 278, 037. 27
14, 474. 34
166, 228. 54
115,776.65
10, 098.49
8, 668, 959.11
• 33,462.91
324.23
4, 967.29
1, 554. 40
894.58
491 831 79
52,970,501.76
1, 800, 640.16
929, 595.17
1, 353, 546.42
154,504.60
322,717,303.12
395, 768. 50
235.44
6, 215, 638. 33
25, 791. 96
9, 454.44
24,008.47
216 642.04
283,619.81
202
R E P O R T ON T H E FINANCES.
I I I . — D E P O S I T S OF U N R E F I N E D GOLD OF DOMESTIC PRODUCTION, W I T H T H E STATES
DISTRIBUTED, DURING T H E F I S C A L
.
COINAGE MINTS.
Locality.
Alabama.
Philadelphia.
San Francisco.
Standard ozs.
4.998
Standard ozs. ' Standard ozs.
Alaska
Carson.
9, 921.242
Arizona
California
;
C olorado
Dakota
124.077
6,355.061
382.295
187,272.594
334.802
158.570
108.138
37.970
Georgia...:
732.848
Idaho
4.882
12,035.962
Michigan
734.300
Montana.
• 497.989
1,778.702
142.387
20,429.594
168.595
83. 218
Nebraska
Nevada...
New Mexico
North Carolina
49.220
^
47,944.662
2,267.523
Oregon.
469.220
South Carolina.. ^
55. 202
Tennessee
22.785
Utah....
19, 312.619
3,125. 040
Virginia
:. .
325.733
Washington
1,790.304
"Wyoming.........
.
Other sources
153.739
|
Total unrefined
Refined
G-rand total
\
•
1
605.347
80.813
7, 064. 692
262, 343. 719
8.739
748, 412.735
7,(173.431
1,010,756.454
48,102.020
48,102. 020
New Orleans.
Standard ozs.
203
D I E E C T O R O F T H E MINT.
AND T E R R I T O R I E S P R O D U C I N G T H E SAME, AND O F R E F I N E D DOMESTIC B U L L I O N N O T
Y E A R E N D E D J U N E 30, 1888.
^
./
ASSAY O F F I C E S .
Total.
New York.
Denver.
Bois6.
Helena.
Charlotte.
Saint Louis.
Standard ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs.
49 152
44.154
9, 921. 242
1,759.385
5,551.943
. 89.100
13, 879. 566
108.439
188,100.899
84,218.052
1,058.648
116, 402. 070
229.433
30, 631.998
130,49L870
130, 529. 840
4, 261.217
42.664
470.672
425.665
36,158.750
6, 622.575
5, 036. 729
247. 781 >
689. 923
1, 424.223
57,140.778
69, 824.490
129, 241. 959
^
76.708
76 708
"
69.135
18,005.802
3, 554.991
68, 585.778
3,574.169
8,865.396
140.334
178.865
*" 3,566.961
18.200
23, 527. 665
1,866.214
1 939 616
.. J..'L........
52. 590
59. 977
3,185. 017
142.955
468.688
676.598
2,466.902
569.856
363.917
16.040
28, 823. 801
. 281, 559.352
94, 293.433
39,725.711
64,455.991
14, 992.827 ^
25.110
29 551. I l l
5,147.401
817, 685.146
924,153.836
175, 732.362
457; 291.714
25 386.775
11,273.253
•" .'
^ 29.805
52. 200
56, 015. 507
94, 293.433
. 39, 725. 711
64,455.991
14,992.827
5,147. 401
1, 741, 838. 982
204
R E P O R T ON T H E FINANCES.
I V . — D E P O S I T S OF U N R E F I N E D GOLD OF DOMESTIC PRODUCTION, W I T H T H E STATES
DISTRIBUTED, DURING T H E
COINAGE MINTS.
Locality.
Philadelphia. . San Francisco.
Alabama
Carson.
New Orleans.
$92.99
.
$184,58L25
2,308.41
California
•^
-
7,112.46 •
6, 228.87
'
118,i233.69
3,484,14L29
$2,011.87
2, 950.14
706.42
Dakota
13, 634. 38
90.83
Idaho
915. 72
223,924.87
13, 661. 39
Montana
Nebraska
...
Nevada
9, 264.91
3.3,092.13
2,649.06
380,085.47
3,136. 65
1,548.24
•
.
^....-.
.J
891, 993.71
" '
8, 729. 67
58,, 140. 27
.....
6, 060.15
Virginia
33, 307. 98
W^ashington
Wyoming
^
..i
2, 860.26
11,'262. 27
. ...
Total unrefined
Refined
359, 304. 54
423.91
Tennessee
Other sources
• '
1,027.01
South Carolina
Utah . . .
"
42,186.47
North Carolina
'
1, 503. 50
131, 436.11
4,880,813.37
162. 59
,13,923,957.86
131,598.70
18, 804,771. 23
894,92L30
894, 921.30
•
DIRECTOR
OF T H E
20.5
MINT.
AND T E R R I T O R I E S P R O D U C I N G T H E SAME, AND OF R E F I N E D DOMESTIC B U L L I O N N O T
F I S C A L Y E A R E N D E D J U N E 30,1888.
^
•
^
' ASSAY OFFICES..
, -
Total.
NewSYork. ,
Denver.
Boise.
Helena. -
Charlotte.
Saint Louis.
$821.47
$914.46
184 581.25
* •
$32,732.75
•
$103,291.96
.
4, 268. 52
569,897.64
k
2,427,755.72'
1
793.75
,
] , 566, 847.48
1, "657. 67
3,499,551.61
19,695.78
2,165,619.91
2,428,462.14
93,706.58
$79,278.45
7, 919. 35 $672,720.93
8,756.69
" 4 , 609. 88- '
$123, 210. 70
12,.835.78
•'
1,063,084.24
. '•:
1, 276, 014. 47
1,286.23
,
66,139. 36
66,496.16
,
2,610.86
3, 327. 72
'
2, 404, 501. 56
1,427.13
.1,427.13.
334, 991. 66
1,042,148.97
26, 497.17
1,299,060.28
•
258, 224. 48
2,017.47
•
472, 312.07
209, 734.93
164,937.60
437,723. 99
66,362.06
34,720:26
338.60
36, 085.87
554.51
978.42
\ ,1,115.85
59, 256.12
.
\_2,659.63
.
97L16
8, 719.. 78
45, 895. 85
12, 587.87
6, 770. 55
10,601.97
298.42
536, 256. 76
5,238, 313 52
. .
1,754,296 42
739, 082 99
1,199,181" 23
278, 936 31
467.17
.549,788.12
95, 765 60
15, 212, 746. 85
17,193, 559. 74
3, 269, 439 29
8, 507, 752 81
1,754,296.42'
739, 082 99
1,199,181 23
278, 936 31
95, 765. 60
32,406,306.59
206
R E P O R T ON T H E
FINANCES.
V . — D E P O S I T S OF U N R E F I N E D SILVER OF DOMESTIC PRODUCTION, WITH T H E STATES .
DISTRIBUTED, D U R I N G T H E FISCAL
COINAGE MINTS.
Locality.
Alabama
-...
Alaska
Philadelphia.
SanFrancisco.
Carson.
New Orleans
Standard ozs.
-.23
Standard ozs.
Standard ozs.
Standard ozs.
40.91
2,87413
46.47
27,304 39
5,560.48
23.78
;
1,064. 05
Arizona
California
Colorado . . . . . . . . . . . . . . .
...
Dakota
92.87
442.48
L55
Georgia
63. 68
Idaho
:..
.. ...
139. 52
3.62
3,547.18
Michigan
3,630.43
Montana
118.61
158.37
62.27
279,763.80
46.71
3L 51
Nebraska
Nevada.'
.;...'..
New Mexico
North Carolina
.
255. 54
Oregon
72.71
South Carolina
3,176.91
7.55
Tennessee
.28
Utah
i.
Virginia
60,025,23
i.
1
45. 69
286.32
Washington
W yoming.
780,844 86
...............
Other sources
Total unrefined
Refined
......
^
28.87
442. 9b
49.17
10, 564,46
378, 304 84
16,105, 609. 90
1, 050, 555.60
780,94L35
442. 48
9, 715, 960. 20
•
Grand total
16,116,174.36
1, 428, 860. 44
780,94L35
9,^16,402. 68
207
DIRECTOR OF THE MINT.
AND TERRITORIES P R O D U C I N G T H E SAME, AND O F R E F I N E D DOMESTIC BULLION N O T
Y E A R ENDED J U N E 30, 1888.
ASSAY OFFICES.
.
TotaL
New York.
Denver.
Standard ozs.
Standard ozsi
'""
Bois6.
Helena.
Charlotte.
Saint Louis.
Stand, ozs. Standard ozs. Standard ozs. Standard ozs. Standard ozs.
14.91
14 68
1,064 05
135,687.43
29.07
30.97
27,509. 66
19,673.84
352. 66
42,575.94
34.96
16,522.70
139, 998. 67
1,367.13
25,084.52
25, 086. 07
293.43
51,076.09
89.49
15,841.95
1,165.48
,
357.11
45. 29
71,908.62
37,548.36
33,917.93
29,070.31
425,789.87
455,137.16
14 32
14.32
1, 699. 58
1,062,370.51
248, 337.72
675. 78
250, 034 77
943.05
36. 54
2,200.16
2,492.24
3L 39 ^ • 758.04
/
266.43
4,039.05
273 98
.28
7*933.64
'
23.30
7. 94
•' ,
125.01
95. 60
68.99
1
161.82
2.12
21,962.64
381. 92
5
274, 045.03
1,220,21X57
67,958.87
16, 599. 99
30,333.51
158. 67 '
2, 760. 02
1,574 39
2, 799, 344. 84
4, 019, 556. 41
: 274,697.95
2, 463, 695. 25
29,671,470." 54
21, 962. 64
16,599.99
30, 333.51
2,760.02
1,574 39
32,135,165.79
208
R E P O R T ON T H E
FINANCES.
V I . - - D E P O S I T S OF U N R E F I N E D S I L Y E R OF DOMESTIC PRODUCTION, W I T H T H E STATES
D I S T R I B U T E D , DURING T H E F I S C A L
COINAGE MINTS.
Locality.
Philadelphia.
San Francisco.
Carson.
New Orleans.
$0. 28
Alabama.
Alaska •
$1, 238.16
....
Arizona
..'.
California
Colorado
Dakota ...'.
47. 60
3, 344.44
54.07
31, 772. 38
6,470 37
27.67
$108.07
$514 88
1 80
...
74 10
Georgia...
Idaho
'
162 35
Michigan . . ; . . . . .
4,127. 63
4 21
4, 224 49
' Montana
138.02
184 28
72 46
325, 543. 33
54 35
36.67
Nebraska
. Nevada....'
.
New Mexico . . . .
... .
'
297 36
North Carolina ..
84 61
'Oregon
...
69,847. 54
Virginia
53 17
333.17
..
i.
33,59
......
515 44
Wyoming
Other sources
'
.33
Tennessee
Washington
3, 696.77
8. 79
South Carolina
•Utah.
908, 619 47
.
Total unrefined..
Refined
Grand t o t a l . . .
,
.
57.22
12,293 18
440, 209 26'
18, 741, 073 31
1, 222, 464. 68
18,753,366 49
1,662; 673. 94
908,731 75
514 88
11,305,845.59
908,731 75
11, 306, 360 47
209
D I R E C T O R O F T H E MINT.
AND T E R R I T O R I E S P R O D U C I N G T H E SAME, AND OF R E F I N E D DOMESTIC B U L L I O N N O T
Y E A R E N D E D J U N E 30, 1888.
ASSAY O F F I C E S .
Total.
New York.
Denver.
Bois6.
Helena.
Charlotte.
Saint Louis.
$17.08
$17.36
33.85
162, 907. 56
36. 02
32, Oil. 22
410.37
49, 542.90
1,238.16
1
$157,890.83
$1,590.84
•
40.68
19, 226. 41
22,893.20
29,191. 06
29,189. 26
$341.44
?
59, 433.99
1
39,468.14
1
495, 464. 58
'
10413
$18, 434. 27
'
$1,356.19
52.70
415.54
83 675.47
43, 692. 63
529,614.15
33, 827.27
16. 66
16. 66
1, 977. 69
1, 236, 212. 95
288,974 80
786.36
1, 097.37
42.52
2, 560.18
36.53
290, 949. 55
2, 900. 06
882. 08
4, 699.99
- 310.03
-<-
-
318. 82
.33
•
9, 231. 87
h '
79, 079. 41
. 27.11
80.28
444.41
111. 24
•
9.24
188.29
145.46
318,888.76
1, 419, 882.54
2.47
25,556.52
19, 316. 35
35,297.17
184 63'
3,21L65
1, 832.02
4,677,301.98
H. Ex. 2
2, 866,845. 32
34, 526, 803. 02
3,257,419.44
:
319,648.52
25, 556. 52
14
19,316.35
35, 297.17
3,2n.65
1,832.02
37,393,648. 34
210
REPORT
ON T H E FINANCES.
V I L — B A R S M A N U F A C T U R E D O F GOLD AND S I L V E R , B Y
'
COINAGE
Description.
Philadelphia.
San
Francisco.
S t a n d a r d ozs.
3L 004 753
S t a n d a r d ozs.
MINTS.
New
Orleans.
Carson.
GOLD.
Fine bars
Mint bars
Standard bars
Sterling bars
Unparted' bars
^
.;. - -
S t a n d a r d ozs. S t a n d a r d ozs.\
12.695
•
r
T o t a l gold
C...
26,169
4.816
31, 030. 922
4 816
12.695 1
SILVER.
Fine bars
17, 992. 08
^
Mint bars
....
-'
Standard bars
SterlinfT b a r s . . . . .
Unparted bars
^...............
i...
Total silver
452, 610.49
725, 929.73
..
4 05
'
17, 996.13
452, 610. 49
549.67
726, 479.40
y i l L — B A R S M A N U F A C T U R E D O F GOLD AND . S I L V E R , B Y
COINAGE
MINTS.
Description.
San
Francisco.
Philadelphia.
$576, 832. 62
Standard bars
Sterling bars
Unnarted bars
...
•
Orleans. ^
.
GOLD.
Mint, b a r s
New
Carson.
...:
°
$236.19
-.
....•.„
T o t a l gold
486. 86
$89.60
577, 319.48
89.60
236.19
SILVER.
.20, 936. 23
Mint bars
Standard bars
SI arlinff b a r s
Unparted bars
..
Total silver..
• T o t a l gold a n d s i l v e r
$526,674 02
844, 718.23
528, 674.02
845,357.85
526,674 02
845, 447. 45
..
639.62
4 71
20, 940. 94
• 598, 260. 42
.
236.19
DIRECTOR OP T H E
W E I G H T , D U R I N G F I S C A L Y E A R E N D E D J U N E 30,
211
MINT,
1888.
. ASSAY O F F I C E S .
•
New York.
Total.
•
Boi86.
Denver.
Helena.
Charlotte.
Saint Louis.
S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs.- S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs. S t a n d a r d ozs.
1,425, 929. 677
636, 298. 646
368, 866. 700
112, 942.140
112,942.140
238, 355. 053
70,767.862
7,947.699
95,380.664
15,069. 056.
48, 660.495
498.'292
1, 394, 912. 229
; 636,298.646
368,866.700
2, 513, 518. 007
95,380.664
< 48,660.495
70, 767. 862
15, 069.056
7, 947. emo
2,782,392.216
".
6, 283, 935. 05
82,267.40
5, 087,402. 75
82,267. 40
35, 050. 96
35, 050. 96
20,868.75
31,744 05
2, 806.12
5,706.63
84, 946. 71
•^ 20, 868. 75
31,741. 05
2,806.12
5, 706. 63
6,486,200.12
826. 83
5, 205, 547. 94
22,443. 61
22, 443. 61
V A L U E , DURING F I S C A L Y E A R E N D E D J U N E 30,
1888.
ASSAY O F F I C E S .
Total.
N e w Yfork.
Denver.
Boi86.
Helena.
'
$25,951,855.42
11 838 11435
6, 862,636.28
2,101,249.11
9,27C,55 $1, 774, 523. 97
46,763,125.71
Charlotte.
•
$905, 311. 53 $1, 316, 6U. 39
1. 774, 523. 97
905,311.53
Saint Louis.
1, 316, 611.39
5^280,354 52
$147,864.16
$26, 528, 924. 23
11,838,114.35
6, 862, 636. 28
2,101, 249.11
4, 434, 512. 58
280,354 52
147,864 16
51,765,436.55
7, 312, 215.31
95, 729. 34
40,786.57
I 5,919,886.83
95,729.34
40, 786. 57
.
•
i
962.13
26,116.19
24,283.64
36, 935. 03
3, 265. 29
6, 640. 44
98,847.05
1 6,057,3&4.87
26,116.19
24,283.64
36, 935. 03
3,265.29
6, 640. 44
7, 547, 578. 27
52, 820, 490. 58 1 1, 800, 640.16
929, 595.17
1, 353, 546. 42
283,619.81
154,504 60
59, 313, 014. 82
212
REPORT
ON T H E
FINANCES.
I X . — C O I N A G E E X E C U T E D AT T H E M I N T S O F TJHE U N I T E D
PHILADELPHIA.
SAN
FRANCISCO.
Denomination.
Pieces.
Yalue.
Pieces.
Yalue.
'
GOLD.
187, 337
160,326
102
11, 366
6,273
18,880
$3,746, 740. 00
1,603,260.00
510. 00
34, 098. 00
15, 682.50
. 18,880.00
627,750
726. 000
599, 000
384,284
5,419,170. 50
1, 952, 750
22, 810, 000.00 '
18, 514, 673
18,514,673.00
2, 304, 000
2,304,000.00 '
5, 673
10,673
8, 246, 327
2, 836.50
2, 668.25
824,632.70
768, 000
3, 952, 848
192, oob. 6 6 '
8,262, 673
830,137.45
4, 720, 848
587,284 80.
26, 777,346
19,344,810.45
7,024, 848
.
Dollars
•
T o t a l ffold
\
$12, 555, 000. 00
7, 260, 000. 00 f
2, 995, 000. 00 1
SILVER.
Subsidiary—
TTalf'dollfliTS
Quarter dollars
Total subsidiary...
:
T o t a l silver
MINOR.
1
395,284.80
2, ,891,284.80
•
15, 207,173
45,573
45, 725, 073
Tntflil eoinao'e
'. -
760, 358.65
1, 367.19
457, 250.73
60, 977, 819
1, 218, 976. 57
. . 88,' 139, 449
25, 982, 957. 52
8, 977, 598
25, 701, 284.80
X . — C O I N A G E E X E C U T E D AT T H E M I N T S OF T H E
PHILADELPHIA.
Denomination.
Pieces.
Yalue.
GOLD.
.
.. . . . . . . . . . . . . . . . .
Subsidiary—
Yalue.
'1
283,000
. 817,000
1, 912, 000
$5, 660, 000.00 '
8,170,000.00
9, 560, 000. 00
74, b73
582', 383. 00
3, 012, 000
23,390,0,00.00 '
....*..... 20, 290,710
20,290, 710.00
1,771, 000
1, 771, 000.00 1
5, 710
10, 710
11, 283, 939
2,855.00
2,677. 50
1,128, 393. 90
4,454,450
11, 300,359
,1,133, 926-. 40
4, 454, 450
445, 445.00
31,591,069
21,424, 636. 40
6, 225, 450
2,216, 445.00 '
15,263,652
7,961
45, 226, 483
763,182.60
238. 83
452,264 83
.-
SILVER.
Dollars
FRANCISCO.
$2,420.00
536, 800. 00
435.00
18, 480. 00
15,705.00
8, 543. 00
Dollars
-
SAN
Pieces.
UNITED
121
53, 680
87
6,160
6, 282
8, 543
H a l f eao-les
T o t a l gold
j
"
0
TTnlf flnllnr<a
Total subsidiary.
T o t a l silver
MINOR..
Total coina^'e......
60,498,096
1,215,686.26
92,164, 038
23, 222, 705. 66
No coinage executed at Pbiladelphia during July, 1887.
' '. 66.11
445, 445.
'^
9,237,450
25, 606, 445. 00
1
213
DIRECTOR OF T H E MINT.
STATES DURING T H E F I S C A L Y E A R ENDED J U N E 30,
CARSON. *
Pieces.
NEW
Yalue.
1838.
Total.
ORLEANS.
Pieces.
.
Yalue.
815, 087
899, 826
599,102
11, 366
6, 273
18, 880
$135, 000.00
13, 500
135, 00(r. 00
2, 350, 534
28, 364,170. 50 '
11, 900, 000
11,900,000 00
32, 718, 673
32, 718, 673.00
5; 673
778, 673
12,199,175
2, 836. 50
194, 668. 25
1, 219, 917. 50
"
'
11, 900, 000. 00
•
12,035,000.00
11, 913. 500
12, 983, 521
1,417,422. 25
45, 702,194
34,136, 095. 25
15, 207,173
45, 573
45,72.5, 073
760, 358.65
• 1, 367.19
457, 250. 73
60,977,819
1,218,976.57
109, 030, 547
63, 719, 242.32
STATES DURING T H E CALENDAR Y E A R E N D E D D E C E M B E R 31,
CARSON. ^
NEW
Yalue.
1887.
TOTAL.
ORLEANS.
Pieces.
Yalue.
;
Pieces.
283,121
870,680
1, 912, 087
6,160
6,282
8,543
,
3, 086, 873 ,
11, 550, OOO
$11,550,000 00
11, 550, 000
11, 550, 000. 00
.#
•9
....
11, 550, 000
.
11, 5.50, 000. 00
Total gold coinage.at New Orleans executed during June, 1888.
* Coinage suspended March 8, 1885.
$16,301,740.00
8, 998, 260.00
2, 995, 510. 00
34, 098. 00
15, 682. 50
18, 880.00
13, 500
11,900,000
Pieces.
Yalue.
Pieces.
Yalue.
$5, 662,420. 00
8, 706, 800. 00
9, 560, 435.00
18, 480.00
15, 705. 00
8, 543. 00
. 23, 972, 383.00
33, 611, 710
33, 611, 710. 00
5, 710
10,710
15, 738, 389
2, 855. 00
2, 677. 50
1, 573, 838. 90
15, 754, 809
1, .579, 371.40
49,366, 519
35,191, 081.40
15,263, 652
7,961
45, 226, 483
763,182.60
238. 83
452, 264 83
60, 498, 096
1,215, 686. 26
112, 951, 488
60, 379,150. 66
214
REPORT ON T H E FINANCES.
XL—EARNINGS AND E X P E N D I T U R E S OF THE U N I T E D STATES M I N T S
EARNINGS
MINTS.
Items.
San
Philadelphia. Francisco.
New Orleans.
Parting and refining charges'
Allov r.baro:e - . , - . . , , . . „ - * - - .
$19,600.23
$43, 625. 57
$561.13
479.95
2, 056. 63
6.87
Carson.
$19, 643.24
'
87.37
Charges for assaying, melting, and stamping
Seignorage on standard silver dollarsr
4, 778,172. 34 569, 024.91
Seignorage on subsidiary silver
32, 278. 75
Seignorage on minor coins
3, 060, 725. 07
38,913.05
1, 058, 791.78
Profits on sale of medals and proof coins.
Receipts from assay.s of bullion . .
.
.. .. .
Deposit melting-room gains, aud sweepings
Surplus bullion returned by operative officers...
3, 253.64
259.80
144 00
1, 010. 28
1, 092. 00
315.08
21, 586. 91
929.34
2,135.40
340. 01
216. 31
2,027.03
Gain on bullion shipped mint for coinage
Proceeds of sale of old material
Gain on sale of plumbic melts.
Receipts from sale of by-products
1, 873.17
Total
5, 894, 975.39
.
680, 307.64
3, 061, 892.88
21, 973. 95
EXPENDITURES
Salaries of officers and clerks
41, 840. 24
31, 901. 65
16, 702. 88
436, 297. 59 180, 338. 93
124, 281. 24
27, 654.00
43, 352.17
11, 643. 29
282.70
15, 028. 65
41, 492. 31
Wages of workmen and adjusters .
...
Contingent expenses, less amount paid for wastage and loss on sweeps sold
113,996.76
47, 422.69
Parting and refining expenses, less amount paid
for wastage and loss on sweeps sold
'Wastao'es of the operative departments
Loss on sweeps of the year .
. . . . .
8, 856. 06
52,135. 97
14,410.73
1, 939. 72
4, 090.45
5, 483.19
Exnense of distribntino" silver dollara
7, 954.42 '
1 785 20
Expense of distributing subsidiary silver coins..
2, 374. 56
2,103.50
24, 500. 78
Minor-coinao'e metal wasted
Total...
10, 596. OS
*14 744 28
"
3, 216.21
658, 582. 61 327, 566. 25
229,248.57
70,428.82
* Tbe expense of distributing silver dollars at New Orleans was $26.27 more, but there were repay.
menr,s duriug the year'of that amount on account of overpayments iu the expense of distribution of$24.80 in the fiscal year 1887, and $1.47 in the fiscal year 1888, disallowed.
«
215
DIRECTOR OF THE MINT.
AND ASSAY O F F I C E S FOR T H E FISCAL YEAR E N D E D J U N E 30, 1888.
AND GAINS.
ASSAY OFFICES.
Total.
NewYork.
Denver.
Boi86:
Helena.
Charlotte.
Saint Louis.
$157, 727.45
$74, 297.28
4, 886.81
2, 255.99
$2,286.76
$1,156.60
$392.72
$1,703. 29
$199.26
5, 738.63
8,407,922.32
71,19L 80
1, 058, 791; 78
3, 253.64
808.00
36.00
353.00
317.00
26.00
24.00
1, 967. 80
5,463.58
. 682.05
158.46
67.09
1,680.90
282.87
10,993.55
2,063.90
810.00
592.84
c 1,5&3.43
268.28
39, 998. 96
16, 069.94
1,640.88
5, 318.45
5, 041.11
LOO
33449
18.27
18.27
13,869.06
15, 742. 23
114,423.00
5, 403.20
2,478.06
1, 369. 65
4, 994.62
. 774 41
9, 788, 592.80
AND LOSSES.
39,250. 00
10, 950. 00
3, 000.00
2,750.00
. 7,700.00
3,403.94 ,
198; 991.02
23, 578.50
14, 000.00
4,315.75
825.15
12,000.00
1,385.00 ;
824,076.16
8,793.37
16,142.95
. :3,297.50
1,037.43
5,471.27
760.25
241, 917.68
93,651.78
169,955.16
0
26,946.53
6,070. 97
15, 644.61
24,483.90
4,478. 06
24, 500.78
3,216.21
171, 344. 62
31, 092. 95
10, 613.25
4,612.58
25,171.27
5,549.19
\ Includes $1,999.70 expended for repairs of building.
J Includes $1,000 expended for repairs of building.
1, 534, 210.11
216
R E P O R T ON T H E FINANCES.
XII.—SEIGNORAGE ON COINAGE OF S I L Y E R AT T H E M I N T S OF U N I T E D
^'
DR.
1887.
J u l y 1. Balance on hand:
Philadelphia
SanFrancisco...
NewOrleans
,
.
$95, 286. 27
• 41,831.99
13,527.69
•'
Seignorage on silver dollars:
Philadelphia
Sao Francisco
'
New Orleans
$150,645.95
• '
4,778,172.34
569,024.91
3, 060, 725. 07
_
Seignorage on subsidiary silver:
Philadelphia
San Francisco. - . .
:
8,407,922.32
32,278.75
38, 913. 05
71,191.80
Total
..'
8,629,760.07
DIRECTOR ON T H E
STATES FROM J U L Y 1, 1887,
TO J U N E 30, 1888,
217
MINT.
AND D I S P O S I T I O N OF SAME.
CR,
P a i d e x p e n s e s of d i s t r i b u t i o n :
O Philadelpbia
San F r a n c i s c o
N e w Orleans . . . :
$10,328.98
3,888.70
14, 744.28
$28, 961.96
P a i d oh a c c o u n t of w a s t a g e a n d loss on s a l e of s w e e p s :
Philadeljphia
:
N e w Orleans
8,854 44
14,306.08
23,157.52
D e p o s i t e d i n IT. S. T r e a s u r y as f o l l o w s :
PHILADELPHIA.
W a r r a n t N o . 1109
No.1108
No.1884
No.1919
No.1928
No.1929
No.1930
No.1931
No.2168
No.2169
No.2170
No.2162
No.2042
• No.2042
No.2042
No.2042
No.2042...
75,304 09
19,268.19
375,000.00
360.50
425,000.00
500,000.00
515,000.00 '
353.49
430,000.00
430,000.00
425,000.00
25,000.00
400,000.00
380,000.00
435,000.00
400,000.00
4,90419
,
4,840,190.46
:
•
...:.......
:
NEW ORLEANS.
W a r r a n t N o . 1110
No.llll
N o . 1885
N o . 1925
N o . 1926
No.1927
N o . 2167
N o . 2166
No.2165
No.2042....
No.2042
No.2042
No.2042
•
.'
13,527.69
145,000.00
265,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
250,000.00
300,000.00
325,000.00
300,000.00
175,000.00
—
3,023,527.69
SAN FRANCISCO.
W a r r a n t N o . 1886
No.1923
N o . 1922
No.1920
No.1921
N o . 1924
No.2164
° No.2163
No.2042
No.2042
:....
.*....•
;.
1888.
J u n e 30. B a l a n c e on b a n d :
Philadelphia
San F r a n c i s c o
N e w Orleans
;
100,000.00.
100,000.00
38,022.17
3,809.82
100,000.00
75,000.00
25,000.00
20,000.00
100,000.00
10,000.00
.
571, 831. 99
46,366.48
74, 049. 26
21, 674.71
142,090.45
Total
„
:
These balances h a v e been covered into t h e T r e a s u r y ;
P h i l a d e l p h i a , C. D . N o . 7117
'.
^ 8,629,760.07
$46,366.48
$46,366.48
, S a n F r a n c i s c o , C. D . N o . 43192
C.D.No.43193
N e w O r l e a n s , C D . No. 43191...
Total....,..-.:
67,239.71
6,809.55
•'
74,049.26
21,674 71
142,090.45
218
R E P O R T ON T H E FINANCES.
X I I I . ^ - A S S E T S AND LIABILITIES OF U N I T E D STATES
ISSETS.
.
GOLD BULLION.
Institutions.
Standard
ounces.
Yalue.
1, 240, 577.424
$23, 080, 510. 07
'
SILVER BULLION.
Standard
ounces.
Yalue (cost).
5, 284, 728. 29
$5, 205, 603. 62
319, 468. 85
338, 366. 36
COINAGE MINTS.
Philadelphia
San Francisco
135, 962. 822
New Orleans
31,176..698
580, 031. 57
' 53, 842. 348
1,001,718.13
100, 366. 55
4,471,878.351
83,197, 736. 50
3, 500, 567. 55
Carson
2, 529, 540.82
1, 081, 020.10
906, 060. 20
91, 952.32
ASSAY O F F I C E S .
New York
3, 952, 913. 57
Denver
Helena
.;
Bois6
:..
2, 886.476
53,701.87
1, 385.651
25, 779. 56
\
693.60
607. 56
535.13
438. 81
Charlotte
Saint Louis
.
Total .
5, 937, 709.770
110,469,018.52
10, 287, 380. 07
10,495,942.44
LIABILITIES.
Institutions.
Bullion fund.
Undeposited
earnings.
COINAGE MINTS.
Philadelphia
$75, 650, 010.75
:
Sah Francisco
33, 243, 256. 02
New Orleans
13,446, 082. 06
Carson
.. .-.
1, 326, 000. 00
:
ASSAY O F F I C E S .
Helena
Bois6
Gharlotte . . . !
102,692,278.30
18,480.82
73, 998. 23
.,
135.199.77
138. 83
108, 987. 52
67. 56'
20,794 48
Saint Louis
1, 603. 95
Total
226, C98, 208. 08
2,225.38
-
New York
Denver
$2,135. 76
23, 048. 35
219
DIRECTOR OF T H E MINT.
M I N T S AND ASSAY O F F I C E S J U N E 30,
1888.
ASSETS'.'
Gold coin.
Silver coin.
M i n o r coin.
$263,598.70
Minor-coinage metal.
Old deficiencies.
$24, 634.95
Total.
$77, 890.50
^47, 334, 913. 87
4,618,295.00
25, 440, 420. 23
]42,460.00
11,931,722.99
267, 397. 04
5, 909. 43
1,366,976.92
15,535,249.40
54, 734.11
102, 740, 633. 58
73, 995.00
3.23
81, 029.00
.17
82, 836. 00
.71
109 055. 08
20,790.00
1.48
20, 791.48
1,600.00
3. 95.
1, 603. 95
20, 901, 541.94
84, 767, 710.17
•
$413, 557. 96
\
$75 987,151. 71
33,340,180.37
13, 560, 274 76
73, 998. 23
,
263,598.70
24, 634. 95
135, 338. 60
413, 557. 96
227, 336, 004 68
LIABILITIES.
S e i g n o r a g e on
silver.
Unpaid
depositors.
M i n or-coin
profits.
' $221, 695.05 -
Minor-coin
m e t a l fund.
Unpaid cent
depositors.
*$66, 468. 60
$70. 00
Total.
$75, 987,151. 71
$46, 366. 48
$2, 540. 83
74, 049. 26
20, 739. 33
33, 340,180.37
21, 674 71
92,517.99
13,560,274 76
1, 366, 976. 92
38, 751.54
.
102, 740, 633. 58
• 29,874 46
73, 998. 23
135; 338. 60
109, 055. 08
20,791.48
1, 603. 95
142, 090. 45
184, 424.15
221, 695. 05
66, 468. 60
70.00
* Includes $22,468.60 minor coins for re-coinage and re-issue.
227, 336, 004. 68
220
REPORT ON T H E FINANCES.
XIV.—MEDALS
MANUFACTURED AT THE M I N T AT P H I L A D E L P H I A
THE
F I S C A L Y E A R E N D E D JUIS^E 30,
.Names.
Gold.
Army Division Marksmanship, First-class Prize
Army Division Marksmanship, Second-Class Prize
Army Departnient M,ark sm an ship, Third-Class Prize
Army Division Marksmanship."
'
Adams Academy.
Arthur, C. A., President
Artbur, Indian Peace
Brown Mem,orial
Bridge
*.
Brown, Major-General
Cincinnati,' Society of the
Civil Engineers, American Society of
Cassin, Lieutenant
Cabinet
.'
Department of State
' Departmen t Skirmish Prize
Dodd,H.M
Division Skirmish Prize
Denman Grammar School
.Elliott,' Captain...^.
Electric Exhibition
Franklin School
Georgetown College.. .*.
- Garfield, J. A., President
Grant, Indian Peace
Henley, Captain.
.
Harrison, W. H., President
Harrison, Major-General
Jones, John Paul
Ketcbam, Jesse
Lincoln Grammar School
Life-Saving
Laurence, Captain....^...
Massachusetts Charitable and Mechanics' Association
Middlesex South Agricultural Society,
McCall, Lieutenant
Monroe, J., President
Marksmanship, First-Class Prize, Completion of Distinction.
Marksmanship, Second-Class Prize.
New England Agricultural Society
Naval Institute
North Cosmopolitan Grammar School
National Academy of Design, New York..'.
New England Keiinel Club
;.
Pharmacy, College of
Pittsburgh Female CoUege
Preble, Captain
Pierce, F., President :
1
Pennsylvania Horticultural Society
;
Shakespeare
Saint Louis Agricultural and Mechanical Association
Taylor, Z., President.
'
Time Increases His Fame
Toner, Dr
Truxton, Captain
Yanderbilt University
Yanderbilt, Commodore
Yermont State Agricultural Society
Yan Buren, President
^
Washington and Lee University
Washington before Boston
Warrington, Captain
' Total.
DURING
1888.
Silver.
20
2
49
25
15
2
140
1
2
124
Bronze.
221
DIRECTOR OF T H E MINT.
XV.—MEDALS AND P R O O F COIN SOLD DURING T H E FISCAL YEAR 1888.
Description.
Number
sold.
128
541
«Gold
Silver .
Bronze medals and minor
coins
Total
Single proof pieces.
Proof-sets.
Medals.
Yalue.
Number
sold.
52
*660
$3, 863. 97
1, 576. 38
Number
sold.
Yalue.
.$2,236.00
1, 980. 00
740
647.65
3,289
394. 68
1,409
6,088.00
4,001
4, 610. 68
Yalue.
1,129
$3,370.75
1,129
3, 370.75
* silver and minor.
XVI.—COINAGE D I E S E X E C U T E D AT THE M I N T AT P H I L A D E L P H I A D U R I N G
THE FISCAL YEAR E N D E D J U N E 30,1888.
Philadelpbia.
Denomination.
New
Orleans.
San Francisco.
Total.
GOLD COINAGE.
Double eao'le
Eagle
Half-eagle
"Three dollar
'Ouarter-ea.o le
Dollar
..
.
'
Total
32
48
20
4
2
5
20
30
20
8
33
70
8
111
116
2
2
80
80
136
332
2
34
140
200
172
136
508
12
10
. 4
2
5
. SILVER COINAGE.
•Standard dollar
Half-dollar
..
Quarter-dollar
Dime
....
.^
... '
Total
32
60
MINOR COINAGE.
^ive-cent
T?hree-cent
fOne-cent
..
.
.
....
.....
Total .
....
191
9
821
521
521
TOTAL NUMBER OF DIESi
'Gold coinage
'
Silver coinage
Minor coinage
;.
Proof coinage
Distinguished marksmen
'Ajinual assay
Life-saving, Department of State
Life-saving, Department ofthe Treasury.:
Reproduction:
William Washington
1
Total.....
191
9
321
.
^-..
Ill
508
521
26
4
1
1
1
2
.1,176
222
R E P O R T ON T H E FINANCES.
X V I I — EXPENDITURFS
FROM . SLLVKR P R O F I T F U N D ON ACCOUNT O F .
TRANSPORTATION OF SILVER COIN DURING H S C A L YEAR ENDKD J U N E 30,
lb'88.
•'
TRANSPORTATION O F —
- Mint and quarter.
Mint at Philadelphia:
Third quarter, 1887
Fourth quarter, 1887
First quarter, 1888
Second quarter, 18S80
Standnrd
silver dollars.
' ..
Mint at San Francisco:
Third quarter 1887
Fourth quarter, 1887
First quarter, 1888
Second quarter, 1888
Less amount overpaid and disallowed at
New Orleans
$792. 20
848.18
326. 21
326. 34
$204 72
539. 80
254 16
280. 52
$1, 890. 70
2,114 55
3 512 04
2 814 69
6, 756. 85
2, 292. 93
1, 279. 20
10, 328. 98
1,228.10
279. 38
115.35
329. 35
..
10.32
1 343 45
1, 808. 73
720. 00
16 52
1,517.80
3, 888. 70
955. 22
5, 389. 27
5, 227.52
1, 223. 37
346. 35
93L 71
362. 91
334. 20
1,304 57
6, 320. 98
5, 590. 43
1 557 57
12, 795. 38
J, 975.17
14, 770. 55
1, 975.17
14,-744 28
4, 772.17
28, 961. 96»
1, 200. 00
720. 00
6.20
1, 926. 20
26. 27
26. 27
12, 769.11
Total by items
Total.
$893. 78
723. 57
2,934 67
2, 207. 83
444.70
Mint at New Orleans:
Third quarter 1887
....
Fourth quarter 1887
First quarter, 1888
Second quarter 1888
Subsidiary
silver.
Bans, boxes,
labnr. «nd incidentals.
19, 970. 66
4, 219.13
223
DIRECTOR OF T H E MINT.
X V I I I — E X P E N D I T U R E S F O R DISTRIBUTION OF M I N O R
1878, TO J U N E 30, 1888.
C O I N S FROM J U L Y 1,
Amount
expended.
Fiscalyears.
1879 .
$1, 299.97
....
1880
12, 592.83
1881
23, 763. 46
1882
24, 565. 84
1883
.
28, 512. 54
1884
29,152. 32
1885
:
12,251.98
1886.
.
.
«
847.17
1887
15, 914. 55
1888
24, 500. 78
Total
173, 401. 44
X I X . — W A S T A G E AND L o s s ON SALE O F S W E E P S ,
M i n t at—
Losses.
Phila- San F r a n delphia.
cisco.
Carson.
N e w Orleans.
1888.
Assay
office.
New
York.
Total.
M e l t e r and refiner's gold wast$8,787.44
899.70 $1,195.31
Coiner'B gold w a s t a g e
M e l t e r a n d refiner's
S6.15
$8, 793. 59
62. 55
2 157 56
8, 051. 54
10, 030.67
silver
n , 979.13
C o i n e r ' s s i l v e r wastao^e
2, 744 46
L o s s on sale of s w e e p s
5, 483.19
19,893.92
Total
2, 475.84
744.41
5 964 71
4, 090.45 $6, 070.97
1, 939. 72
14, 686. 53
6, 070. 97
15, 644. 61
42, 591.14
P A I D AS F O L L O W S :
From
contingent
appropria8, 067. 33
tion
From
parting
8, 067. 33
a n d refining
appropriation
1, 325. 36
F r o m silver-profit fund
8, 851. 44
Total..
40.44
1, 649.79
F r o m s u r p l u s bullion.
19,893.92
340.01
1, 939. 72
1,690.23
6, 070. 97
14, 306.08
1, 939. 72
14, 686.53
9, 676, 06
23,157.52
6, 070.97
42, 591.14
"
* D. K. Tuttle bad a surplus of 356.7'7 ounces and,the superintendent a surplus of 17. 99
ounces from mutilated coin deposits, wh"ich have not been deducted from above, the wastage
of J. C. Booth.
224
REPORT
ON T H E FINANCES.
X X . — Q U A N T I T Y AND COST OF S I L Y E R B U L L I O N D E L I V E R E D ON P U R C H A S E S
AT COINAGE M I N T S , AND N U M B E R OF S I L Y E R DOLLARS COINED M O N T H L Y
DURING T H E F I S C A L YEAR 1888.
Standard
ounces..
Date.
Cost.
Coinage.
1887.
1, 864,121. 25
$1, 609, 969.90
$600, 000
August
2, 880, 337.11
2, 503, 384.59
2, 970, 000
September
2, 498,151. 79
2,184, 290.72
3,100, 040
October
2, 821, 747. 82
2, 447, 292.18
3,450, 000
2,114, 777.32
1, 818, 078. 69
3, 400, 000
.1,909,788.93
1, 661, 987.86
2, 78.5, 200 .
2, 700, 000
July
-
November
December
,
1888.
January
2,308,808.90
'2, 019, 309. 97
February
2,438,497.40
s.2,114,S11.18
2, 700, 000
March
2,155, 711. 76
1, 843, 228.97
2, 760, 432
2, 200,152.46
1,858,671.65
2,794,000
2, 203, 001.40
1, 836, 802. 96
2, 850, 000
2,811,709.77
2,339.624 53,
2, 609, 000
28, 206, 805.91
24, 237, 553.20
32, 718, 672
Purchased and coined from March 1, 1878, to
J u l y l , 1887
231, 998, 614. 05
229, 375,100.91
266, 988, 280
Purchased and coined from March 1, 1878, to
J u l y l , 1888
260, 205, 419.96
253, 612, 654.11
299,706,952
Monthly average July 1, 1887, to J u l y 1,1888..
2,350,567.16
2, 019, 796.10
2, 726, 556
Monthly average for 124 months
2, 098, 430. 81
2, 045, 263. 34
2, 416, 992
April
•
May
June
Total
DIRECTOR OF T H E
XXL—SILYER
225
MINT.
B U L L I O N P U R C H A S E S MONTHLY
DURING F I S C A L YEAR
PHILADELPHIA.
1888.
N E W ORLEANS.
Date.
Standard ounces.
Cost.
Standard ounces.
Cost.
1887,
Jnly
1,147, 298. 92
$990, 594 86
657, 975. 08
$568,174. 67
August.....
1,109, 440. 83
963, 873. 73
1,^098,754.10
954,735.77
September..
1, 503, 775.81
1, 314, 873. 58
716, 867. 59
627, 446. 53
October
1, 476,134. SO
1, 280, 057. 64
1, 098,161. 00
952, 815. 45
November..
1, 250, 645.14
3,075,067.84
674, 068. 71
579, 796. 77
Decern ber . .
949, 886. 33
826,018.76
' 695, 458. 97
603, 452.11
January
1, 592, 795. 29
1, 393, 433. 25
672, 395. 51
587, 693. 85
February...
1, 394, 635. 40
1,209,16411
1, 028, 048. 60
892, 056.13
March..
1,505,092.53
1, 286, 473. 72
646, 224. 09
552, 988. 03
1888.
April
1, 368, 353. 83
1,156, 274 78
827, 527. 84
698, 750.13
May
1, 611,129. 58
1, 343, 554 27
587, 278. 59
489, 385. 59.
June
1,726,255.48
1, 436, 453. 27
1, 081, 508. 76
899, 800. 29'
*16, 635, 443. 94
14, 275; 836. 81
9, 784, 268. 84
8, 407, 095. 32;
Total .
SAN FRANCISCO.
Date.
Standard
ounces.
Cost.
Standard
oimces.
Cost.
Standard
ounces.
Cost.
1887.
58, 602. 32
$50, 984. 48
244 93
$215.89
1, 864,121.25
$1, 609, 969. 90
August....
. 671, 966. 77
584, 619. 39
175.41
155. 70
2, 880, 337.11
2, 503, 384 59
September.
277, 424. 87
241, 895. 50
83.52
75.11
2,498,154 79
2,184, 290. 72
October
247,163.10
214,166. 55
252. 54
2, 821, 747. 82
2, 447, 292.18
July
• 288. 92
November.
189, 881. 80
163, 049. 59
181. 67
164.49
2,114, 777. 32
1, 818, 078. 69
December .
264, 064 29
232,170.39
379. 34
346.60
1, 909, 788. 93
1, 661, 987. 86
2, 019, 309. 97
1888.
January ...
26, 956. 85
23, 721.10 16, 661, 25 14, 461. 77
2, 308, 808. 90
February..
3,216.18
2, 798.07 12, 597.22 10, 895. 87
2,438,497.40
2,114,91418
March . . . . .
2, 947. 30
2,515. 82
3,155, 714 76
1, 843. 228. 97
1, 447.84
1, 25 L 40
April
3, 904. 08
3, 318. 47
366.71
328. 27
2, 200,152.46
1, 858, 671. 65
M a y ..,
4,076.85
3, 402. 34
516. 38
460. 76
2, 203, 001. 40
1, 836, 802. 96
June;
3, 262. 51
• 2,75L67
683. 02
619. 30
2, 811, 709.77
2,339,624 53
1, 753,466, 92 1, 525, 393. 37 33, 626. 21 [29, 227. 70 28, 206, 805. 91
24, 237, 553. 20
Total
H. Ex. 2-
-15
226
R E P O R T ON T H E FINANCES.
X X I I . — Q U A N T I T Y AND COST OF S I L Y E R USED I N T H E COINAGE OF S I L Y E R D O L L A R S ,
YEAR
MINT AT PHILADELPHIA.
Date.
Standard
ouuces.
July
August
September.,
October
November .
December..
Cost.
1, 289, 062. 50
3,460,971.87
1, 718, 750.00
1, 718, 750. 00
1, 461,109. 37
$1,121,304 84
i, 273, 004 10
1, 495, 315. 69
1,489,910.15
1, 267, 699. 27
1,4C0,937.50
1, 460, 937. 50
1, 340, 996. 25
1, 232, 343. 75
1, 375, 000. 00
1,392,187.50
1, 272, 355. 97
1, 270, 032. 20
1,157,271.74
1, 054, 808. 50
1,164,30415
1,170, 496. 05
15, 911, 046. 24
13, 736, 499.66
1888.
January ..
February.
March
April
.May
June
Total.
MINT AT N E W ORLEANS.
1887.
51.5,
902,
859,
859,
859,
859,
July..
August
September
October
November
December
625. 00
343. 75
375.00
375. 00
375. .00
375. 00
450, 473. 04
786, 656. 49
750,016.02
748, 325. 61
746, Oil. 28
745, 919.76
859, 375. 00
859, 375. 00
1, 031, 250. 00
1, 031, 250.00
. 945, 312. 50
644 531.25
747, 432. 80
746, 709. 45
° 892,160.11
883, 537. 57
801, 817. 02
540, 215. 78
10, 226, 562. 50
!, 839,274. 93
1888.
January
February
March
April
May
June
:
Total
M I NT A T S A N FRANCISCO.
1887.
July
August
September.
360,
343,
386,
343,
73,
November .
December..
937. 50
750.00
718. 75
750.00
046. 88
318,
302,
338,
299,
63,
418.40
239.30
637.48
392.41
884 23
1888.
January :.
February .
March
April
May
June
Total .
137,500.00
128, 906.25
205, 390. 62
1, 980, 000. 00
120, 246. 20
112, 682. 56
179, 474. 51
1, 734, 975.09
227
DIRECTOE OF THE MINT.
•AND W A S T E D A N D S O L D I N S W E E P S A T E A C H M I N T M O N T H L Y D U R I N G T H E
FISCAL
1888.
MINT A T P H I L A D E L P H I A .
TOTAL EMPLOYMENT.
WASTED AND SOLD IN S W E E P S .
Standard
ounces.
'
Cost.
3,133.69
$2, 738. 61
2, 668.52
2 , 0 8 4 57
2, 325.19
1, 807. 02
3,012.95
2, 614.12
, 4,067.55
3, 521. 51
3, 238. 30
3; 264. 26
2, 771. 78
2, 744. 46
21, 469. 84
18,522.69
Standard
ounces.
D o l l a r s coined.*
Seignorage. -
Cost.
1, 292,196.19
1, 460, 971.87
3,718,750.00
1,721,418.52
1, 463,193. 94
$1,124, 043.45
1, 273, 004 10
1, 495, 315. 69
1,492,235.34
1, 269, 506. 29
3,500,000
1,700,040
2, 000, 000
2, 000, 000
1, 700, 200
1, 463, 950. 45
1, 460, 937. 50
1,345,063.80
3,.232, 343.75
1, 378, 238. 30
1, 395, 451. 76
1, 274, 970. 09
1, 270, 032.20
3,160,793.25
3,054,808.50
1,167, 072. 93
1,173, 240. 51
1,700,000
1, 700, 000
1, 560, 432
1, 434, 000
1, 600, 000
1, 620, 000
427, 644. 03
429, 967.80
403,160.26
379,191. 50
435,698. 85
449, 503, 95
13, 755, 022. 35
18, 514, 672
4, 778,172. 34
15,932,516.08
$378,
427,
504,
510,
432,
695.16
035. 90
6 8 4 31
089. 85
500. 73
MINT AT N E W ORLEANS.
5,64435
4, 918. 09
9, 680.99
8, 419. 94
^ 515,625.00
907, 985.10
859, 375. 00
' 859, 375. 00
859, 375. 00
859, 375. 00
450, 473. 04
791, 574 58
750, 016. 02
748, 325. 61
746,011.28
745, 919. 76
755, 852.74
746, 709. 45
892,160.11
883,537.57
801,817.02
556, 624.79
1, 000, 000
"1,000,000
1, 200, 000
3,200,000
1,100, 000
750, 000
8, 869, 021. 97
11, 900,000
19, 577. 58
16, 409. 01
869, 055. 99
859, 375. 00
1,031,250.00
1, 031, 250. 00
945; 312. 50
664 108 83
34, 899. 92
29, 747.04
10,261,462.42
•
1,
1,
1,
1,
1,
600, 000
Q50, 000
000, 000
000, 000
000, 000
000, 000
149
263,
249,
251
253,
254
526.96
343. 51
983. 98
674 39
988. 72
080.24
252, 567. 20
253, 290. 55
307, 839. 89
. 316, 462. 43
298 182.98
• 209, 781. 22
3,060,725.07
M I N T A T SAN FRANCISCO.
1, 625. 86
1,625.86
1, 477. 85
1, 477. 85
896.25
239. 30
637. 48
392. 41
884 23.
420, 000
400, 000
4.50, 000.
400, 000
85, 000
101,581.60
97, 760. 70
111, 362. 52'
100 607 59
21,115. 77
137, 500.00
128, 906. 25
205, 390. 62
120, 246. 20
312,682.56
179, 474. 51
160,000
150, 000
239, 000
39, 753. 80
37 317.44
59 525 49
.1, 981, 625. 86
1, 736, 452. 94
2, 304, 000
589, 024. 91
362,
343,
386,
343,
73,
563. 36
750. 00
718. 75
750. 00
046.88
319,
302,
338,
299,
63,
* Exclusive of one dollar for cabinet.
228
R E P O R T ON T H E FINANCES.
XXIII.—QUANTITY AND COST OF SILYER U S E D I N THE COINAGE OF S I L Y E R Doii>
RECAPITULATION
Month.
Standard ounces.
Cost.
1887.
July
August
September
,
October,.
November
,
December
515, 625. 00
$450,473.04
2, 552, 343. 75
2, 226, 379. 73
2, 664, 096. 87
2,325,259.42
2, 964, 843.75
2, 582, 278. 78
2, 921, 875. 00
2,535,313.84
2,393,531.25
2, 077, 503.26
1888.
January
2, 320.312. 50
2, 019, 788. 77
February
2, 320, 312. 50
2,016,741.65
2, 372, 246.25
2,049, 431. 85
March
April
,
2,401,093.75
2, 058, 592.27
May
2, 449, 218. 75
2, 078, 800. 73
June
2, 242,109. 37
1, 890,186. 34
28,117, 608.74
24, 310, 749.68
Total
RECAPITULATION
Standard ounces.
Cost.
Philadelphia .
15,911,046.24
$13, 736, 499. 66
New Orleans .
10, 226, 562. 50
8,839,274.93
San Francisco
1, 980, 000. 00
1,734,975.09
Total...
28; 117; 608. 74
24.310,749.68
229
DIRECTOR OF THE MINT.
LARS, AND W A S T E D AND SOLD I N S W E E P S M O N T H L Y D U R I N G T H E F I S C A L Y E A R 1888.
BY MONTHS.
TOTAL E M P L O Y M E N T .
W A S T E D A N D SOLD I N S W E E P S .
. D o l l a r s coined.
standard
ounces.
10,400. 90
Standard
ounces.
Cost..
•
$9,134 55
•
Seignorage. •
Cost.
515, 625. 00
$450, 473. 04
600,000
$149, 526.96
2, 562, 744. 65
2, 235, 514 28
2, 970, 000
743, 620. 27
2, 664, 096. 87
2, 325, 259. 42
3,100, 040
774, 780. 5 8 '
2, 964, 843. 75
2, 582, 278. 78
3, 450, 000
867, 721.22
2,668.52
2, 325.19
2, 924, 543. 52
2, 537, 639. 03
3, 400, 000
864, 686.16
2, 084.57
1, 807. 02
2, 395, 615. 82
2, 079.310. 28
2, 785, 200
707, 696. 74
32, 693. 94
11, 034 06
2, 333, 006.44
2, 030,822.83
2, 700, 000
680, 211.23
2, 320, 312. 50
2, 016, 741. 65
2, 700, 000
683, 258.35
2, 376, 313.80
2, 052, 953. 36
2, 760, 432
711, 000.15
2,401,093.75
2, 058, 592.27
2,794,000
735, 407. 73
4, 067. 55
3, 521. 51
/
3, 238. 30
2,771.78
2, 452, 457. 05
2, 081, 572.51
2, 850, 000
771,199. 27
22, 8^41. 84
19,153. 47
2, 264, 951. 21
1, 909, 339.81
2, 609, 000
718, 813. 66 /
57, 995.62
49, 747. 58
28,175, 604. 36
24, 360, 497.26
*32, 718, 672
8, 407, 922. 32
BY MINTS.
WASTED AND SOLD IN SWEEPS.
TOTAL EMPLOYMENT.
D o l l a r s coined.
Standard
ounces.
Cost.
Standard
ounces.
Cost.
Seignorage.
21,469. 84
$18, 522:69
15.932,516.08
$13, 755, 022. 35
18, 514, 672
$4, 778,172.34
34,899.92
29,747.04
''10,261,462.42
8, 869, 021.97
11,900,000
3,060,725.07
1,625. 86
1, 477.85
1,981,625.86
1,736, 452.94
2, 304, 000
569, 024 91
57,995.62
49, 747.58
28,175, 604. 36
24, 360,497.26
*32, 718, 672
8,407,922.32
* Exclusive of one dollar for cabinet.
230
R E P O R T ON T H E
FINANCES.
XXIV.—COST OF T H E S I L V E R B U L L I O N CONTRACTED FOR M O N T H L Y AND D E L I V E R E D ON EACH MONTH'S CONTRACTS, TOGETHER WITH THE V A L U E ANDCOST OF THE M O N T H L Y COINAGE OF S I L V E R DOLLARS, 1888.
Month.
C o s t of s i l v e r
c o n t r a c t e d for.
C o s t of s i l v e r
d e l i v e r e d on
month's
contracts.
Cost of s i l v e r
coined i n t o
silver d o l l a r s .
Nominal value
of coinage.
1887.
$1,834,105.03
$1, 837,165. 33
$450, 473. 04
$600, 000. 00
August ..i
2, 205, 713.43
2, 209, 879. 73
2, 226, 379. 73
2, 970, 000. OO''
July...
September
2, 273, 512. 06
2, 278, 425. 34
2, 325, 259. 42
3, ipO, 040. 00'
October
2, 243. 677. 87
2,251,512.46
2, 582, 278. 78
3,450,000.00^
November
1,917,775.28
3,921,804 20
2, 535, 313. 84
3, 400, 000. 00*
December
2, 017, 978. 69
2, 023,153. 68
2,077,503.26
2, 785, 200. 00'
1888.
2, 045, 628. 97
2, 049,115.13
2, 019, 788. 77
2,700,000.00
• 1,775,994 94
3,778,295.79
2,016,744 65
2, 700, 000. 00
Marcb
2, 087, 754. 66
2, 098, 082. 59
2, 049, 431. 85
2, 760, 432. 00
April
1, 493, 073. 44
1, 497, 355. 92
2, 058, 592. 27
2, 794, 000. 00-
May
2, 039, 499. 33
2,016,582.53
2,078,800.73
2, 850, 000. 00' .
June
2,213,897.21
2, 216, 634. 04
1, 890,186. 34
2, 609, 000. 00-
24,148, 607. 91
24, 208, 006.^74
24, 310, 749. 68
32, 718, 672. 00
January
February
Total
231
DIRECTOR OF T H E MINT.
XXV.—MONTHLY PURCHASE AND COINAGE INTO SILVER DOLLARS OF $2,000,000
WORTH OF S I L V E R B U L L I O N , 1888.
Month.
Number of .
Average price fine ounces reper fine ounce quired to pro- Coining value
for previous cure $2,000,000 in silver dollars.
worth of bulmonth.
lion.
1887.
July.... —
). 96130
2, 080, 516
$2, 689, 960
August
0
.96335
2,076,089
2,684,236
Septeraber
. 97154
2, 058, 587
2,661,607
October . . . .
. 97287
2, 055, 773
2, 657, 969
November..
. 96442
2, 073, 785
2, 681, 257
.95788
2, 087, 944
2, 699, 564
2, 666, 604
December ..
1888.
January
.96972
2, 062, 451
February...
.97219
2, 057, 211
2, 658, 829
March
. 96421
2, 074, 237
2, 681, 842
April
. 95083
2,103, 425
2, 719, 580
May
. 93709
2,134, 267
2, 759, 456
2,160, 364
2, 793,197
June
,
. 92577
Total.,
25, 024, 649
Month.
Bullion conDollars coined. tained, standard ounces.
32, 354,101
Cost of bullion
coined.
1887.
July
August
• September
October
November
.'
December
Januarj'^
600, 000
515, 625. 00
$450, 473. 04
2, 970, 000
2, 552, 343. 75
2, 226, 379. 73
3,100, 040
2,664,096.87.
2, 325, 259. 42
3, 450, 000
2, 964, 843. 75
2, 582; 278. 78
3, 400, 000
2,921,875.00
2,-535," 313. 84
2, 785, 200
2, 393, 531. 25
2, 077," 503. 26
1888,
2, 700, 000
2, 320, 312. 50
2,019,788.77
2, 700, 000
2, 320, 312. 50
2, 016, 741. 65
March
2, 760, 432
2, 872, 246. 25
2,049,434 85
April
2,794,000
2,401,093.75
2, 058, 592, 27
May
2, 850, 000
2, 449, 218. 75
2, 078, 800. 73
June
2, 609, 000
2, 242,109. 37
32, 718, 672
28,117,608.74 j
- February
Total
1, 890,186. 34
2 4 310,749.68
232
R E P O R T ON T H E FINANCES.
X X V I . — H I G H E S T , L O W E S T , AND AVERAGE VALUE OF A U N I T E D STATES
SILVER DOLLAR, MEASURED B Y THE MARKET P R I C E OF SILVER, AND T H E
QUANTITY OF S I L V E R PURCHASABLE WITPI A DOLLAR AT THE AVERAGE
LONDON P R I C E OF SILVER, EACH YEAR SINCE 1873.
\
•
'i
Bullionvalue of a silver dollar. Grains of pure
silver, at average price.
purchasable
with a United S t a t e s
Highest. Lowest. Average.
dollar.*
Calendar years.
$1. 016
$0.981
$1 004
369. 77
4 008
.970
988
375. 76
.977
.941
.991
.792
1877
.987
.902
929
399. 62
1878
.936
.839
891
416. 66
.911
.828
868
427.70
1880
.896
.875
886
419.49
1881
.896
.862
881
421. 87
1882
.887
.847
878
422.83
1883...........
.868
.847
858
432.69
1884
.871
.839
861
431.18
1885
.847
.794
823
451. 09
1886
.797
.712
769
482. 77
.799
.733
758
489. 78
1873
1874
^
• ..
3875...'.
•
1876
1879
.•
t
1
1887
..
•
'
964
385.11
894
415. 27
* 371.25 grains of
@FedFRASER