The semi-weekly tribune. [volume] (Great Falls, Mont.) 1890-1891, 1890-11-22
United States Treasurer James N.
Huston Submits his Report
for the Fiscal Year
Ending June 80.
THE MANIPULATION OF MILLIONS,
A Gain of $43, 100000 in the Silver
Circulation in the Last
Year.
Some Valuable Suggestions With Re-
gard to Supplying the Coun-
try With Convenient
Currency.

WASHINGTON, NOf. To- lC
the United States, Hon. James N. Haston,
has submitted to Secretary Window, his
report on the operations and condition OF
the treasury for the, fiscal year ending
June 80. The net ordinary revenue
amounted to $4O3, OsO,95S a sum but
twice exceeded in the history OF the gov
ernment. The increase over the year
before was $16,O30,923 of which $11,725,-
925 came from the internal revenue. The
ordinary expenditures we're $297,736,4S6
an increase of $17, ,871 over those OF
the year before. The growth of revenue
was therefore a little greater than that of
expenditures and there would have been
a falling off in the latter but for the
increase in pensions. The surplus re-
venues were $1O5, 344,496 Of which $780,
304, 1874 was paid out in premiums on
bonds purchased. According to the war
rants, the receipts of the post office
department were $81,106,043 and the ex-
nenditures S67, oil 1858; an increase Of
between five and six millions on both
sides.
Total obligations of the Treasury on
all accounts were $1,3i0,67s,4 ATS on June
80, 1889, and $1,72s, 24O,165 on June 80,
1890. Debt, less cash in the treasury, was
$2,O5O, 034,6 O3 IN former date and was
1864, 1856 ,O84 on the latter. Not counting
certificates and deposit debt proper in
shape of bonds and circulating notes Was
reduced from $1,220,24O,136 to SLID
4OO,O96. This was effected at a total cost
OF $124,952,253 for principal and pre-
mlums. Nearly $74,000 900 Of 4 pei
cent. bonds and upwards Of $~3O,O00,00(
of ~ per cent. bonds were purchased
Important changes took place in circula'
ting medium, but they were of more ia,
vorable character than those Of the yeal
before. There was a gain of$15 ,OOO,OO(
in the stock of geld, an increase of $43,
100000 in that of silver, and 6
contraction of $26,0oO,0O0 in the
volume of bank notes, resulting
in the net increase of 100000 in the
aggregate supply of money. The total
stock, including certificates of deposits
as we'll as gold, silver and notes held ir
the treasury for their redemption, Is es
timated to have increased from 5000,
96S, 71S to $2,190, 157, 1856 and the actua
circulation being stock less the amour
in the treasury from $685., 551,eS3 tt
O 4 dAQ n2Q goa Tn rny1nH nIImhnro ths
circulation or. June 30, 1890, consisted o
1906, 00O, 900 of gold and silver certificates
$345, 10000 of silver aud sill
YER certificates and $523, 100000 of U. s
and national bank notes.
The treasurer suggests that as he is
bonded Office holder, he should be al
lowed to select his own force Of clerks
without restriction of the civil service
law, while that law might govern as t
regards of dismissals. The suggestion i
made that If some expedient way could b
devised by which the repeated handlinI
of the silver coin in the various offices o
the treasury could be avoided it woul
be an important advantage. Continue
embarrassments has attended the wor.
, Of supplying the country with paper cul
reney from delays and failures In film
the t%reasurers requisition for new noteI
He suggests that greater fexlbility migt
be given to currency If gold certificate
: of denomination OF five and ten dollar
were issued. He urges the nece
sity of An appropriation for the transpo
+ tation of United States paper currenc
to Washington for redemption. With pc
haps a trif;ng additional outlay peopl
could be kept supplied free of cost
: them with good, clean and fresh pape
. currency, thus greatly lessening the dal
ger of counterfeiting. Laws and pra
U tees hereunder relating to abraded {
otherwise incurrent coins are referred
as possibly capable of amendment SO {
n to extend to metallic circulation. tn
Y treasurer claims the salaries paid to of
GERS Of the treasury are inadequate con
pensation forthe duties performed, beir
less than those paid in we'll managed pr
vate institutions and less ever than
y paid in the sub-treasury in New York.