New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-19
OPERATIONS OF THE TREASURY
Mr.. HUSTON'S REPORT ON THE FINANCIAL
CONDITION OF THE NATION.
THE REVENUES AND OBSERVATION-DISCLOSURES
IN THE CIRCULATING MEDIUM-UNDER'

THE REVENUES AND NEUTRALITY-SUSPICIOUS.
IN THE CIRCULATING MEDIUM-UNDER'
PAID CLERKs-sOME RECOMMENDATIONS.
Washington, Nov. 1s.-The Treasurer Of the United
States, James N Huston, has submitted to secretary
Window the report the operations ana cohdnohs
OF the Treasury for the fiscal year ended June "o'
The net ordinary revenues amounted To $4o3Voooo-
q but twice exceeded in the history OF the Gov
ernmeit. The increase the year before was
S16,03O,9o3, OF which 311,725,191 came from ''e
Internal Revenue. The ordinary expenditures were
1907 TAG, 1885, increase Of Sl5739,S11 over those
of the year before The growth OF the revenues
therefore little greater than That OF tie OK
pendItnres and there would have been a Iaihhs y"
In the latter but for the increase In pensions ing
surplus revenues were S105344, 496, OK whieh wv
3O4 ,224 paid out In premiums on bonds pur-
chased. According to the warrants, the receip's o'
the Postofhoe Department were $611O6O41, and the
expenditures S67.O1l ,263 an increase OF be'"eo"
100000 and S6.0OO.OOO on both sides.
At the close OF business on June 30. 1889, there
stood charged to the Treasurer the books OF the
Department the sum OF S673 .399,11s. To TINS were
added the receipts OF the year from the revenues
and account Of the public debt amounting In all
10 $64s, 375, 1893. so that the aggregate for winch
lie was accountable during the year was
81 1921 4s1. OF this he disbursed S63O247O7S on
warrant Of the Department. leaving 1901 ,597 ,403 in
his charge on June 30. 1890. There We're included
in these accounts. however, upward Of $4,000
600 on deposit with States under an
old law besides nearly S1,5O0,OO0 OF unavailable
funds, for which the Treasurer was not
responsible. The true amount for which he was
accountable on June 30. 1889, was $3.50, 643,s71
and S7b7 915 O79 year later, against which he held
a like amount of assets. consisting OF gold. silver
paper currency and deposits with National banks. The
amount Of gold In the Treasury increased during the
year from S3O33S7,719, to 1920 o33143, and the
silver from 1915 ,1GO,779 to s3tG,s2l .oo6.
Exclusive Of amounts on deposit, there was In the
Treasury belonging TO the Government on June 30,
1880, $3o6 ,O2s 1927, and on June 30, $780,
sos6 3s4 s15 the amount Of gold having in
creased about four Millions while the silver decreased
nearly nine millions. The liabilities decreased
during the year from 1927 1881 $50 to S1O7,12471S
and the reserve, being the excess OF assets over
liabilities. ran down from $l9S0o7,047 to S17o,-
26OO97.
The total obligations OF the Treasury on all accounts
were s1,s1O,67s,475 June 30, 1850. and $l.7a2.-
oAo AZ on lime 30 1890 The debt, less cash in the
Treasury was 81 O34 ,6O3 the former date and
was 1904 325,Os4 the latter Not counting tho
Of deposit the debt proper In the shape OF
bonds and circulating notes. was reduced from Sl'.oo'
O4a 1856 to 81 ,145, 4OO9s6 This was effected at a
total cost of 1924 243 for principal and premiums
Nearly ga 900 900 Of per cent bonds and upward
OF $50 900 900 OF 4 IL per cents were purchased
Importapt changes took place in the circulating
medium but they were OF more favorable Character
than those of the year before. There was gain OF
81 100000 in the stock OF gold an Increase OF $f'-
600 900 in that OF silver and contraction OF S29ooo
600 in the volume OF bank notes, resulting in net in
crease OF $50 900 in the aggregate supply OF money
The total stock including certificates OF deposit as well
as the gold silver and notes held in the Treasury for
their REDEMPTION is estimated to have increased from
SO 900 e6e 71s to s2, 40, and the actual cir
cuaton being the stock less the amount in the Treas
ury from 81 357. ,s35 to $l443Oo3,6lo In ROUND
numbers the circulation June 80, 1890, consisted OF
s5O5 900 900 OF gold and gold certificates S4l4,-
600 900 Of silver and silver certificates, and 1913,
600 900 OF United States and National bank notes
Not much change has taken place in the movement
of the United States notes. There was decline OF
activity the issue and redemption OF gold certificates
with net increase Of only $3,5OO,OOO In the amount
standing The fresh issues Of certificates took up inc
years coinage Of standard silver dollars and
more There was also outflow of between S2,oOo,ooo
and 1000 900 of fractional silver coins On June 30
there were nearly 100000 Of uncurrent gold and
silver coins in the Treasury, besides $6oOoooo In nan
dollars at san Francisco, which are much worn. Inc
appropriation $4,000 for the year will serve for Inc
recoInage of only about $45o'ooo of silver
There was decrease of less than S3,0OO,OOO in the
bonds held deposit to secure National bank crc'i
81 go as compared with the year before owing
ooS To- ' the retirement Of National bank
amounted to only 81 100000 by the act OF July A.
remaining In the Treasurer's hands at the time were
required to be covered into the Treasury. and like
each month as debt Of the United states bearing
no interest. The total amount Of money received IN
Si70 100000 Of which siO4 100000 was paid out in
redemption of notes and upward Of S2oooooop o Wa
amounting to S54,3so.475, deposited in the
Treasury by the Treasures check banda, oc,oo.