US Presidency
1900

If this form were pursued, the cash balance including the present gold reserve of $ 150,000,000, would be $ 289,303,794.50. Such balance November 30, 1899, was $ 296,495,301.55. In the general fund, which is wholly separate from the reserve and trust funds, there was on November 30, $ 70,090,073.15 in gold coin and bullion, to which should be added $ 22,957,300 in gold certificates subject to issue, against which there is held in the Division of Redemption gold coin and bullion, making a total holding of free gold amounting to $ 93,047,373.15. It will be the duty as I am sure it will be the disposition of the Congress to provide whatever further legislation is needed to insure the continued parity under all conditions between our two forms of metallic money, silver and gold. Our surplus revenues have permitted the Secretary of the Treasury since the close of the fiscal year to call in the funded loan of 1891 continued at 2 per cent, in the sum of $ 25,364,500.