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The Public Service

The Public Service image
Parent Issue
Day
1
Month
December
Year
1887
Copyright
Public Domain
OCR Text

Washington, Nov 29. - The annnal report f the Director of the Mint says the value of the gold received at the mint and aseay offices during the year was $68,223,072; gold redeposited, $15,193,706; frilver, deposited and purchased, $47,756,018; Bilver deposited, $462,113. Of the gold deposited, $32,973,087 waa of domestio production, $22,571,328 of foreign gold bullion, $9,896,512 of foreign gold coin, $516,984 of United States gold coin, and $2,269,219 of oíd The coinage of the year was: Gold 3,724,720 pieces, value $22,393,279: silver 44,231,288 pieces, value $34,366,483; minor coins, 50,166,509 pieces, value 943,650; value ol gold bars manufacturad, $58,188,953; Bilver bars, $6,481,611. The silver bullion purchased for the silver dollar coinage was 29,433,342 Standard ounces, costing $'28,988,620. The number of silver dollars made was 33,266,831. Of these 10,901,928 were distributed from the mints and 10,500,000 transferred to the Treasury. The seignorage on the silver dollars coincd was $7,923,558, and on the Bubsidiary silver $31,704. The number of trarte dollars redeemed under the Redemption act was 7,689,036. The expendí ture for the services of the mints and assay offices was $1,189,509. The expenses of the acid refineries was $163,837, against an earning of $143,25& The total earnings from all sources amounted to$S,842,819 and the total expenses and losses of all kinds to $1,437,432. The value of gold and silver bars issued for use in the industrial arts was $8,896,710 gold and $4,471,646 silver. The director estimates the stock of gold and silver coins in the United States on November 1, 1887, to have been: Gold, $574,927,973; silver dollars, $277,110,157; subsidiary silver, $75,758,186. THE POSTAL SEBVICK. Washington, Nov. 29. -The annual report of First Assistant Postmaster-General Stevenson shows that the number of postoffices established during the last fiscal year was 3,043. The increase in the whole number of post-offices was 1,453, and the whole number in operation June 30, 1887, was 55,157. Appointments of postmasters were made during the year as follows: On resignations and 'commissions expired, 6,863; on remováis and suspensions, 2,384; on deaths of postmasters, 389; establishment of new offices, 3,043. The following eeven States had more than 2,000 offices on June 30: Pennsylvania, 4,114; New York, 3,248; Ohio, 2,834; Virginia, 2,355; Illinois, 2,266; Missouri, 2,117; NortU Carolina, 2,110. As a result of the annual adjustment of postmasters' salaries, which took effect July 1, 1887, twenty-two offices of the third class were reduced to the fourth class, and two offices of the fourth class were assigned to the third class, leaving 2,336 Presidentlal offices. Divided into classes the numbers are as follows: First, 82; second, 433; third, 1,819. The number of money-order offices in operation was 7,745, of which 610 were in Illinois, 348 in Iowa, 520 in New York, 493 in Ohio, 430 in Pennsylvania, 406 in KanBas, 362 in Michigan, 343 in Missouri and 326 in Indiana, The largest increase In any State during the fiscal year was 64, in Kansas The report of the Third Assistant Postmaster-General for the fiscal year shows that the total ordinary postal revenue of the year was $48,118,273. The revenue from money-order business was $719,336, making a total revenuo of $48,837,609. The total expenditures for the year, including actual and estimated outstanding liabilities, amounted to $53,133,252, showing a deficit in the revenue of $4,295,643. In additiou to this there was certified to the Secretary of the Treasury for credit to the Pacific railroad companies in their accounts with the Government, being the amount earned by them in carrying the mails, $1,187,027. So that the total excess of the cost of the postal service overits revenue was $5,482,670.

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Subjects
Old News
Ann Arbor Register