The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-11-19
REPORTOF TREASURY
PENSION AND BOND PAYMENTS.



Huston shows that the net ordinary rev
enues Of The past fiscal year amounted g
$405 .00O. 1872. sum but twice exceeded IN
the history Of the government The in-
crease over the wear before was SIG, 000. sos.
Of which $l1 ~, l91 came from internal
revenue. The ordinary expenditures wers
$297. 736. As, m increase OF $l5.738, 6Il
over the year before. This increase
was principally due to the increase In pen-
sions. The surplus revenues were $685.
3a4, 40. Of which so 304 ga was paid out
In premiums on bonds purchased. The
receipts of the postofiice department were
SOL .041. and the expenditures ~ 011,-
36S. an increase of between FIX and six
millions on both sides.
The aggregate amount for which the
treasurer was accountable during the fiscal
year was $l.S2l, IA. 482. OF this he dis
bursed $3.50. 247.076 on warrants. Deduct
ing the amounts Of the deposits with the
states and various other sums, the amount
remaining for which he was accountable
was $751; ,9i5,07& Tho amount Of gold in
the treasury increased during the year
from 500, 887.7l0 TO $3.50, 933, 145,
and silver from $3l6, 100. no 70 $S46, so 008.
exclusive Of amounts on deposit. There
was In the treasury belonging to tho gov
ernment on June 80, 1889, $3.50, 028. 927, and
on Juno 50, 1890 $3.50 384 .816. The amount
OF gold increased about 1900, 600. while
silver decreased nearly S. 000, 600. Labtli-
ties decreased during the year from $l27,.
851. $50 TO SLOT ,124, 7l6, and the reserve. be-
Ing excess of assets over liabilities, ran
down from $l9S Oo7 ,047 to $179, 20O. 097.
The total obligations OF the treasury on
all accounts weo 81, ST.. 67S AIS, on June 80.
1859, and 81. 722, 240. 1853. on June 80. 1890,
not counting certificates Of deposit The
debt proper. in the shape o. bonds and
circulating notes. was reduced from 81 250.-
043. 138 10 81, 145 400 1885, This was effected
at total cost Of $l24 o53, 243 for principal
and premium. Nearly $24000, 900 Of per
cent. bonds, and upwards Of $50, 900 900 ct
~ per GENTS was purchased.
Important changes took place In the cir
culating medium. bnt Of . more favorable
character than the year before. There Was
gain of SIS, 100000 in the stock Of gold,
An increase Of $4S 00b. 600 in silver, and .
contraction Of SIC. COO 600 in the volume OF
bank notes, resulting in net increase Of
$32 00O, 900 In the aggregate supply Of money
in round numbers In circulation on June
30. 1890. consisting of $5o5. 600 600 in gold
and gold certificates, and $4ll,O0
Gates. There was decline Of
gold certi6catea The absorption Of legal
tender silver in 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 output Of between two
and three millions in fractional coins,
which encourages hope that. with good
management Of the treasury. in the course
OF few years more, Il may be
relieved of the redundant stock Of these
coins for some time on hand. Seventy
three banks were discontinued q deposit
tories during the year. and eight now o1sss
designated. The redemption Of 6lhk
notes amounted 70 nearly seventy mil.
lions, . decrease Of upward of eighteen
millions compared with the year before.
Owing chiefly to the higher prices ruling
for bonds, deposits for the retirement Of
national bank notes amounted to only ST.
100000.
Continued embarrassment has attended
the work Of supplying the country with
paper currency, from delays and failures in
filing the treasurer's acquisitions for new
notes. He suggests that greater fexibity
might be given to the currency II
gold certificates Of the denomina-
tons Of s. and SO were issued. He
urges the necessity OF an appropriation
for the transportation of United States pa
per currency to Washington City for re-
demption. With trifling additional out
lay the people could be kept supplied with
clean and fresh paper currency. thus
greatly lessening the danger of counter
feiting. The treasurer claims that the sal
aries paid to officers of the treasury are in
adequate compensation for the duties per-
formed, being less than are paid in we'll
managed private institutions, and less than
are paid in the sub-treasury in New York.