The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1889-12-02
rREAsuPER.s REPORT.
He shows the Monetary History Of the
United states for Is9e-

He shows the Monetary History Of the
United states for Is9e-
WAsHISGTOy. Nov. 2S-- The treasurer
of the United States, Mr- Z Il Sebeker,
has submitted his annual report for the
year ended June 30. Is92 The net orii-
nary revenues Of the government for
the fiscal year were 1854 esI, -. . de-
crease of ss7.6Ti, ,5;3 Is compared with
the year before. Tie net ordinary ex-
penditur,ss were s845. %. 50 decrease
Of sl0.$f9. - The surplus reveaaes
were thus ctt down from S57.259,55a TO
so.9I445l II
Including the public debt the total re-
ceipts for the year were. 81. iJ1.2g and
the expenditures s6si 0l9,2sa Con-
side-ed with respect 10 the effect upon
the treasury. the receipts are d.
vided into two general CLASSES, OF
which the first. comprising the
ordinary revenues the receipts
from loan and the deposit for the
retirement Of natiOnzl bank notes
increase Tor the time the cash available
for the uses of the government while
the second. arising from the issue OF
gold. silver and currency certificates
United States notes and treasury notes
tend TO swell the assets of the treasury.
but do not affect the available balance
For the first Of these classes the tis-
ures show an excess Of Sss. o.. 600 Of ex-
uenditures over revenues in 1891 and
one of upwards of s37.01O.e in lss2
In the second class there was an excess
OF nearly st9. go. coo Of receipts IN the
former year and one OF -. .ocJ-e9O IN the
latter
| As COMPARED with 1871 there was i
saving Of upward Of 81, go 600 Of inter
est. ont OF which surplus WIS real
izei. notwithstanding the eutting down
/ Of the revenues By legislation Analyz-
ing the true condition OF the trezsury
i! and setting aside the trust funds tne
treasurer shows that there was > work
/ inc balance Of cash and deposits IN
banks amounting 70 S3Qs.Il0-+5e a the
beginning OF the year. and 10 Slti5- Ms
Isl al the end OF the former amount
| siIa.C1lOl0. and OF the latter slli-59O
was gold
The success which has attended the
efforts of the department % maintain ,
strong gold reserve Is considered saEls-
faetory. in vieyv OF the heavy dishz-rss.sae-
rneuts- TIE amount Of the public debt
/ given as sI-5f5. 9s-j-5e on June S2.
1881. and 81. - 90. I4i on June >. ls-'1
The loans resting on the credit OF the
United States we7e cnt down from 81
COS. sos $50 10 Sos. sIS. SO. while those
/ secured by fS.u deposits in the treasury
increased from $50, Ieo,oSI 70 80. 80
9o4
There was \ gratifying improvement
in the condition of the debt prodnessi
bv the reduction OF the Understanding
loans the conversion OF nlatursd bonds
into c.hers payable al rhs oPtioz OF the
secretary Of the treasury and the ex'
tfnetion OF I considerable part % the
loans payable On dsnari Ine tot2l
net reduction, OF 81, ,5S7.7- in these TWO
tens was. effected b. the aPP-i-at5oa %
sur,lr,s revenues q the year aEso1ln'--
iu- 10 uea-lv so. 1,9l.1pl. together with
uDva-sis,0 OF sss.05o, ,eo1 taizen fT7Ei ~
cash in the treasury
AeasrsifrE 70 the revisSsi Cssiiziaa tSs m
total Stoex q money Of all kinds n ih'
esuntrv on Jane - Was sa.Ss4- -s-ii.tts1
an ineTea=e of Sl50.O99. 90 II ;Es year.
BY eliminating that pa-t Of sse Paps'
currency which : purely re1Teseens2ltI'' 2lI'' 2t''yS,
consisting OF certificates Ot dslosit ar,c
treasnry NOTES. the eifeetive siCek I
found TO have bSen Sl.zSSs. qsi. -, an N
1 .-.-S,. ~ S-0 90 rfsf