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