The morning call., 1890-11-19
THE STRONG BOX.
Annual Report Of the United
States Treasurer.
Satisfactory Condition Of the Finances
Of The Country.
a Big Decrease In the National Debt Dur
Ing the Year-A Large Amount Of
Bullion on Hand.
Special to THE MORNING CALL.

WASHINGTON, Nov 1S.-The annual re-
shows the net ordinary revenues for the
past fiscal year amounted to S403, ,0S0, ,9S2, 8
sum but twice exceeded in the history of the
Government. The increase over the yeaI
before was S16030, 1923, of which S11, ,725, 191
came from internal revenues. The ordinary
expenditures were $2S7, 1876. .436, an increase
Of SIS, 739,S91 over the year before. This
increase is principally due to an increase in
pensions. The surplus revenues were
s105, ,344, ,496, of which $40, 304, 224 was paid
out in premiums on bonds purchased.
The receipts of the Postofice Department
were SCI. JOG, 101, and the expenditures $751;
Oil, ,263, an increase of between $1,000, 900
and s6,0O00 600 on both sides. The aggregate
amount for which the Treasury was ac-
countable during the fiscal year was S1.321,
774,4S2. OF this he disbnrsed $500. .247, ,o7S on
warrants. Deducting the amounts on de-
post with the States and various other
sums, the amount remaining for which he
was accountable was S757, 7,915,67s.
The amount of gold in the treasury in
creased during the year from S303, ,3S7. 719 to
$500. 923 145 and the silver from S315, 160. 779
to S346, 80, ,006 Exclusive of the amounts
on deposit, there was in the treasury belong
ing to the Government on June 30, 1889,
S326, 02S, ,927, and on June 80, $780, 1886, ,3S4,
3d. the amount of gold having increased
S4,O0O,OOO, while silver decreased nearly
S9,000000.
The liabilities decreased during the year
from S127, $751; $50 to S107, ,i24, 7lS, ana the re-
serve, being in excess of the assets over
liabilities, ran down from S19S097, ,047 to
S179, 260,097 The total obligations of the
Treasury on all accounts were 81. SIC, ,6S7, Ats
on June 30, 1889, and 81, 722, $40, 163 on June
80, 1890. Not counting certificates of deposit
the debt proper in the shape of bonds and
circulating notes was reduced from 81, ,250,-
043,19 to 81, 145, 400. 1856. This was effected
at total cost of S124, 952, 243 for principal
and premium.
Nearly S74, 900 of 4 per cent bonds and
upward OF S30,010,000 of Az per cents were
purchased. Some important changes took
place in the circulating medium, but of a
more favorable character than the year be-
fore. There was gain of S15, 900 in the
stock of gold, an increase of S43,0000O0 in
silver, contraction of S26. 6.000, 900 in the
volume of bank notes, resulting in a net in
crease OF S32, ,000, 600 in the aggregate supply
OIL money. III T0unu NUMBERS Tue cITculd-
ton on June so, $780, consisted of S505, ,000,-
900 of gold and S4i4, 100000 silver aud silver
certificates.
A change has taken place in the move
ment of United States notes. There was q
decline of activity in the issue and redemp-
ton of gold certificates. The absorption of
legal tender silver into circulation, in the
form OF certificates of deposit, has been
fully up to the means OF the Treasury for
supplying it. There was also an outflow of
between $1,000, 600 and S3000,000 in frac-
tonal coins, which encourages the hope that
with good management the Treasury, in the
course of a few years more, may be relieved
OF the redundant stock of these coins for
some time. Seyenty-three banks were dis
Continued as dep0siting during the year.
Owing chiefly TO the lower prices ruling
for bonds, the deposits for the retirement
of national bank notes amounted to only
S11,000000. Continued embarrassment has
attended the work of supplying the country
with paper currency from delays and fall
ures In filling the Treasurer's Tequisitons
for new notes. He suggests that greater
fieXibiity might be given to currency if
gold certificates Of the denominations of S5
and SO were issued.
He urges the necessity of an appropriation
for the transportation of United States
paper currency to Washington for redemp-
ton. With trifing additional outlay the
people could be kept supplied with clean
and fresh paper currency, thus greatly
lessening the danger OF counterfeiting. The
Treasurer claims the salaries paid to Off
GERS of the Treasury are inadequate COM
pensation for the duties performed, being
less than those paid in well-managed pri-
vate institutions, and less even than paid in
the sub-Treasury in New York.