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About Albany daily democrat. (Albany, Or.) 1888-192? | View Entire Issue (Dec. 3, 1888)
Daily Democrat. NATIONAL FIXAM'ES. The Treasurer o the United State, Hen. James AVyatt, has submitted to Secretary FairchHd his annual report of the opera tlantofthe Treasury. The net revenues of the Government for the fiscnl vear end ing June 3o,iSSS, were $379,266,074,and the net expenditures $Cy,g2Soi. Surplus receipts available for the reduction of the public debt were $111,341,273, an increase of $7,870,176 over the year before. As compared with 1SS7, the revenues were $7,862,797 greater, and the expenditures $7378 less. The Treasury balance increas ed during the year from $69,224,379 to $i29,804-,24-, and the total assets.including certificates of deposit in cash, increased from $621,304,284 to $76.;, 7 19,535. The net change of 60,579,863 in the balance was produced by an increase of $37,526,468 in the assets and a decrease of $23,053,394 in the liabilities. The silver balance fell off more than $27,000,000. The principal increase of assets was in United States notes and deposits in Nation .al banks, and ihe principal decrease in lia--bilities was in the public debt and tiie funas for the redemption of National bank notes. There was a net decrease of $74,788,920 during the fiscal year in the principal of the interest bearing debt. The totsl purchases of boads for the sinking fund and out of the surplus reve nue were $51,4X4,300, the net premium paid, exclusive of accrued interest, being $8,270,842. Gold and silver .coin and bullion .in the country and all kinds of notes and certifi cates outstanding June 30, 1&S7, amounted to $i,92;,259.S8i,and June 30, iSSS, to $J, 093,562,072. The stock of gold and silver increased from $1,007,513,901 to $1,092, 391,690, mostly in old. The increase in value of the paper circulation was $83,424, 400, resulting from' an increase of$no, 319,955 in the amount of .certificates, and a falling off of $26,895,554 tne lot!l- f notes and fractional currency. Some attention has been given to the question of the probable loss ordestruction of paper currencr, but without any very definite result A table is givtn, showing the course of redemptions of the first issue of legal tender notes. Until the notes are called in by the Government,or until 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 places It at I per cent, or less, according to denomination. Certificates of deposit, amounting to $24, 1 10,000, were Issued for United States notes, and $18,465,000 were redeemed, leaving $14,655,000 outstanding. The Treasurer attributes the decrease of the use of these certificates since 1SS6 to a change in the manner of redeeming them, the holder now receiving the same notes that were depos ited, instead of new notes as formerly. The volume of gold certificates outstand ing increased $20.-,36,333, reaching $142, 023.150, the highest point yt noted at the end of any fiscal year. Taking into ac count the decrease in the Treasury, the total increase in circulation was $29,901,143. The coinage of silver dollars during the year amounted to $32,484,673, making a total coinage of $299,424,790. The increase of net distribution was only $39,156, Ow ing to the scarcity of one and two-dollar notes and the demand for the movement of crops, nearly $9,000,000 were drawn into circulation between May and November) 1SS7, but when the notes were again to be had, the dollars came back to the Treasury aa fast as they had gone out. The Treas urer is of opinion that the people have all of these coins they want or are willing to take, and recommends that if the purchase of silver is to be continued, the bullion be put into the form of heavy bars or lngott arguing that the present supply of dollars will be sufficient for any demand there is likely to be forthem,and that any increase of certificate circulation could be based with perfect safety on uncoined metal. The new sliver vault in the Treasury building, having a capacity of $100,000,000, and said to be the largest Treasury vault In the world, is being filled at the rate of half a million a day. It will hold a total coinage of three years, hut at the end of that period, still further storage room will probably have to be provided unless coin age Is suspended. The amount of fraction al silver coin in the Treasury has not chang ed much since the first accumulation after the resumption of specie payments. The Treasurer states that the gold in the Treasury Is In good condition, with the ex ception of a little of the silver, half dollars are much worn, some being quite smooth, and it has been impossible to recoin these because the loss would have been too great In proportion to the new coinage, mostly dimes, irhlch it was necessary to produce. The decrease in the amount of deductions on account of mutilations from the face value of currency redeemed, and In the number of counterfeit notes and coins re jected, shows a gratifying Improvement in the condition of the circulation In this respect. At the close of the year the Treasurer held $178,312,650 of United States bonds to secure the national bank circulation and $56,12!), 000 to secure public moneys held in depository banks There was a decrease during the year of $13,654,050 in the amount of the former and a decrease of $29,642,500 In the amount of the latter. There was $58,712,511 of the public money held by the banks, an increase of $35,395, 633. The semi-annual duty collected from national banks amounted to $1,616,127, making an aggregate of $136,233,803 since 1863. The net proceeds on national bank notes redeemed during the year were $yS, 246,723. The redemptions were $11,000, 000 greater than these of the preceding year in the face of the reduction -of $56,. 500,000 in two years in the amount of out standing and greater in proportion to the circulation than those of every year, saye two, since 1879. Look Here! We are closing out our stock of boots and shoes, and to show you that we mean wha we say quote you a few of our prices Ladies' be6t French kid button shoes a1 35. regular price, $5.50, none better in town ; ladies' extra quality French kid, but ton, at $3.75, regular price, $5.00; ladies good French Md, button, at $3, regular price, $4; ladies' bright Dongola, Dutton.at $2 75, regular price, $3.50; ladies' bright Dongola, button, neat and good, $2, regu lar price $3; ladies' American kid, $2, reg ular price, $3; ladies' American kid, $1.25, regular price, $2 ; child's oil grain button school shoes, from $1 to $1.20; a few pairs of ladies' rubbers, 30 cents to 40 cents; men's rubbers, 50 cents; also a large as sortment 01 men s ooots. come ano see. Browxell & Stasaru. I O HPTJ c H z O 55 H co O O CO 1 3 B " O a o r- t-r) 2 CO - r Removal. -Misses E. & C. Howard have moved their millinery store into rooms in the Pearce block over J. J. Dubruillcs harness shop, where they invite old and new customers to call on them. Wide Indigo Prints. Alarge invoice of -the above goods has been received, and will be sold at reduced prices. They are de sirable patterns and are a bargain. Samuel E. Young, G. L. BLACKMAN, Successor to E. W. Laiifdon. DEALERfjlN DRUGS, MEDICINES' CHEMICALS, BRUSHES, SOAPS COMBS, ETC. L, W. CLARK, Portrait Photographer. Studio corner S6cond and Ferry Streets noar Opera House, uround noor. Children's pictures a specialty, CLOTH For Fall and Winter -AT- L E, BLAIN'S. Rubber Coats and Boots, Shoa OVERCOATS,-Fino Assortment, Pea Jackets--Cliincliilla. Astrakhan Pull Line of Duck Suitings, ALL GRADES WOOLEN OVER SHIRTS Big Stock Cardigan Jackets, HEAVY MERINO AND ALL WOOL UNDERWEAR. Winter Gloves and Mittens ALL WEIGHTS LEATHER BOOTS AND SHOES. UMBRELLAS, HATS, ETC. Last but not least . Urge stock of CLOTHING AND FURNISHINGS FALL ANNOUNCEMENT. In making mv announcement (or the Fall I beg to call attention to the Following Departments: DRY GOODS In this department my stock U unusually 1 irie nml comply. Dress eooda m nil the leaning stylas ; eood shades Uv Dall una nvmt.:r. good) selected from the best Eastern and Foi'iitfn importations. 1 ho latest nonl. ties in trimmings and buttons, shawls, blankets, some extra gu valuei jj white blankets, table linens, towolu, etc. PrJDCTC!r Brl,ir.rl f loiiiti )3. f ' s Win ou-(iet.s Iih eoiV.ed awj make larye purchases in this department. lean show a;Gn line of Iogr,i,, t low prices, some ohoice patterns in Bady BruaBbll and Tapostncs. 1 ,t making carpets a leading branch of my business. nnnn iin riinrr t Went, line of Boots and Shoes in the n! and hlvenaid sS attentioB to setting (he good best suited .0 this hf and I can show fine line of Roods. I keep in stotl. the best makes m tk: country, and have endeavored to gel a uue oi .0 ,.... "'"V v" s-r antee to giye satisfaction. Anything in Boots, Shoes or Rubbers fur men, wo-t . . . .t J . . If la in tjnk a ekul n.n an4 lii ilren cai be tound in mis avium " oi itself. GROCERIES1 Rm 8ivin8 8i,ecil'1 attntion t0 kooi'ins a ful1 lioe ;of Stapitl 7. 1 1 . . .-. aniifitnH anil rrrnuuu tuncrn. vatmou iiuii. in Dancy Urocenes, uncoioreu .,. "" . --, latest specialties in breakfast gocrta eic.can u '". - Pure, fresh gooas na goou vu-.uo iui muuoj j I would especially call the attention of pa 'ties laying in theirJFall supplies to my large stock of FALL AND WINTER GOODS! 1 am ibetterjpreparcd than ever ito meet their wants. In alt de partments I am prepared to meet tho Growing Demands of Linn onntj -AND THE- City of Albany, And ask a thorough inspection of my stock. Samuel E. Young. BARGAINS ! friiatrtlaaa annAu sfe tnt Knm nrinMt im what. t.Yi mi Klin wan to. TfcM I b' at; my store in this city Bought at Bankrupt sales I can. spII my stock General Merchanise consisting of dress goods, gentsjurnishing goods, clothing, etc., AT COST. eo contain many articles worth exaaiuij Cash or goods will bo .aidforjall kinds of country produce. G W. SIMPSON, Albany, Orege A. J. ROSSITER.V. S. Graduate of Ontario Veterinary College, Is proparod to treat dlsaasss of all do mestlo animals on selentlQo principle. Residenoe and, office two doors east ol Opera House, Albany. HR; J.L. HILL, Physician and Surgeon, Offlce-eor, First and Ferry Streets, ALBANY- - - OREGON. STOCKMEN AND FARMERS BEAD I hereby certify that Dr. I. N. W3 has successfull' operated on my rw;i aavaw, , . For further reference in regard ton lngs Inquire of Wm. Peterson, W"., teraon, Lebanon i John Hardmtn, , Wolverton, Albany 1 Sam Oa'nfiL Wm. Foster, Prineville. I P"!! Inary medicine in Albany and surreundlng, OlHce and resldenoew Bin ana Washington s. ptt
