III.-STATEMENT OF BALANCES AND MOVEMENT OF MONEYS OF THE POST-OFFICE DEPARTMENT.

354

The foregoing, Statement III, shows the balances and movement of moneys of the United States for the Post Office Department, as did Statement II for the General Treasury.
All Receipts and Pay-Warrat ts issued by the Postmaster General are received and registered in the Division of Accounts of the Treasurer's Office, the United States, on
are returned to the Post Office Department, whence they are mailed to the payees as draft upon which payment is to be made.
account of the Post-Office Department, being credited with the amount covered in by the former; the latter after having been signed by the Treasurer or Assistant Treasurer,
When paid, they are returned as vouchers by
rendered to the Sixth Anditor of the Treasury.
the offices paying, and, after verification of indorsement, are charged to the United States, on account of the Post-Office Department, in the Treasurer's Quarterly Account,
Copies of the Treasurer's Quarterly Account with the United States on account of the Post-Office Department are rendered annually to the Senate and House of Representatives.
DR.
The following is a summary of the Treasurer's Quarterly Account with the United States on account of the Post-Office Department for the fiscal year 1877:
T. Expenditures by Warrant paid by Treasurer

To Expenditures by Postmasters, warranted by settlement.

$11, 104, 206 12

By Receipts by Warrant covered into the Treasury.

22, 542, 495 49 | By Receipts by Postmasters, covered in by Warrant on settlement.

CR.

$11, 324, 310 79

22, 512, 495 49

IV. STATEMENT OF UNAVAILABLE FUNDS JUNE 30, 1877.

The following items of Deposit, Deficit, Default, or Failure were unavailable (not subject to draft) on June 30, 1877, viz:

Depositary United States, Baltimore, Md., 1866,
late depositary..

$547 50...

Deficit, Depositary United States, Santa Fé, N. Mex., 1866,
short in remittance.

Failure, Venango National Bank of Franklin, Pa., 1866..
First National Bank of Selma, Ala., 1867

Default, Sub-Treasury United States, New Orleans, La.,
1867, May and Whitaker

Sub-Treasury United States, New Orleans, La.,
1867, May property...

Deficit, Sub-Treasury United States, New York, 1867,
counterfeit 7-308

Default, Depositary United States, Pittsburgh, Pa., 1867, late Depositary...

Depositary United States, Baltimore, Md., 1867,
late Depositary.

Depositary United States, Baltimore, Md., 1870,
late Depositary..

Deficit, Treasury United States, Washington, D. C., 1875,
stolen, June 2, 1875, &c

Totals.....

249 90 216, 791 38 38,985 75

6,703 36 668, 621 86

5,566 31

8,750 31

2,126 11

6,900 77

1, 196 87

47,748 26

28,589, 517 67 996, 288 15 $29,585, 805 82

IV.-STATEMENT OF UNAVAILABLE FUNDS-Continued.

The Post Office Department Balance "subject to draft," as shown by Statement III, is $1,120, 189.38, of which the following items of Default and Failure were unavailable (not subject to draft) on June 30, 1877, viz:

Default, Sub-Treasury United States, New Orleans, La., 1861,
outbreak of Rebellion..

Depositary United States, Savannah, Ga., 1861, out-
break of Rebellion

Depositary United States, Galveston, Tex., 1861, out-
break of Rebellion

Depositary United States, Little Rock, Ark., 1861,
outbreak of Rebellion..

Total.

Coin.

Currency.

Failure, Merchants' National Bank, of Washington, D. C.,1866.

Total unavailable.......

28,626, 794 73 999, 089 15

29,625,883 88

The books were closed as regards Repay and Counter Warrants on June 30, 1877, but as regards Rev enue Covering Warrants, although constructively of date June 30, 1877, the books were not actually elosed until August 23, 1877.

Unexpended balances of appropriations are deposited in the Treasury by disbursing officers, and are covered in by Warrants of the Secretary of the Treasury to the credit of the appropriations from which the amount was originally drawn as well as to the personal credit of the officer. Such Warrants are technically termed "Repay Covering-Warrants."

"Counter-Warrants," carry amounts to the credit of an appropriation for the reason that it was not properly chargeable with an expenditure, but some other appropriation which is drawn upon by "Transfer-Warrants."

Warrants and Drafts.

The receipts, as per Statement V, were covered into the Treasury by 13,192 Revenue and Counter Warrants, and the expenditures were authorized by 33.317 Pay and Transfer Warrants, to facilitate the payment of which, 34,733 drafts were issued by this office. The number of warrants and drafts issued during the last ten fiscal years is given below: