Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1890-11-27
The TREASURY.
State of the Public Funds a.
Washington.
The TRrASURER'S ANNUAL REPORT.
Revenues Increase and a Satisfactory Show
ing Made-The National Bank Circula-
ton, Bond Purchases, Gold and
Silver, Etc.

| Silver, Etc.
w. sHINGTcN, Nov. lathe Treasurer of
the United States, Hon. James n. Huston,
has submitted to Secretary Window the re-
| rort on oper t 'ous and conditions of the
| TreusEry for the fiscal year ended June 90
| The net ordi airy revenu amounted to
| $lO3,Os0 9S2, a sum but twic1 exceeded in the
| history of the Government The increase
over the year before was SIC, 1923, of which
| SII5ksI9I came from the Internal revenue
| The ordinary expenditures were 1921, 7S6, 4S6,
| an increase Of SIS, 1851 over those of the
| year before. The g owth OF the revenue
was therefore little greater than that OF
| the expenditures and there would have
| been a falling off in the latter but for the
| increase in tn pensions The surplus rev.
enaes Were SlUo, 544,495, of wlich $50, 3OI,2A
| was paid out IA premiums on bon Is pur-
chased.
According to the warrants the receipts Of
| the Post office ID, p ,rtment were SCI, l06,0I1
and the expenditure s67 oil, .63, an increase
of between 5000, O0I and So 900 90 on both
| sides.
At the close of business June 80, 1883, there
| stood charged to the Treasurer on IN books
of the department the sum of S573 399 lis
To this were added the receipts of the year
from the revenues, and on account of the
public, amounting in all to $643 375, 1868, so
that the aggregate for which he was &C
countable during the year was 81 32l, 77i, 49,
OF this he Gisbursed S6}0,247,JIs on warrants
of the department. leaving S69l, Z ,413 in his
charge on June 81, 1880 There is in
Guided in these accounts, however, up
ward of 900 on deposit with the
States under an old law, besides nearly
a million and haf of unavailable funds,
for which the Trea-urer was not respon
sible. On the other hand there was on de-
posit with him for various purposes a large
sum of which the department took no &C
count, and he had r4cev d other sums
which had not yet been charged to him.
The true amount for which he was account
able on June 30, 1859, was $50, 6i3S 81, aud
S757 9l5,07S q year later, against which he
held 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 S303 1857. 719 to $500 933 145 and the silver
from sSl5, IOO.779 to $780, 1,OO6.
Exc usive of amounts on deposit there
was in the Treasury belonging to the Gov
eminent on June 81, 1883, 500, 1927 and on
June 30, 1880, S2s6, sSI sI5 the amount of g,ld
having increased about S4,OO0,O00 while the
silver decreased nearly !90b,OO0 The liza
bilities decreased during the year from
Sl27, 9S1, $50 to IL I24,7lS, and the reserve,
being I'm excess of assets ever liabilities,
ran down from :l9s, ~ O47 to SI79 26l Ce7.
The difficulties in the way of making a
plain stateme It Of the Liabilities of the
Treasury and If the public debt sre pointed
cut and The changes recently made in the
debt stat 'ment cxpI incl. The total obi
GaIians' of the Treasury n all accounts were
S. SO,67S, AS Juac 90 1889, aud 81, 722 pa I53
on June 30, 1>9I Tle d. bit less cash in the
Treasury was SI,OJof "a 6O3 on the former
d. bit and was ;96I.5l ,0s4 on the latter. Not
counting the cerlitc ties of deposit. the
proper Gebt, in tn shape of bonds and cir
culatin- notes was reduc. from 81 2aO,O43,-
70
total cost of s134 ',2I3 for prime ipal and
premiums, Nearly S74, OOOI 90 of per cent.
bonds were purch lsed.
Important chan ges took p ace in the cir
Gu ating med ium, but hey were of a more
favorable character than those of the year
before. There was a gain of SIS 00) 900 in
gold, an increase of S43OOO,O.O in that of sill
v-r. and a contraction of S26,OO0,G0O In the
volume of bank notes, resulting in q net in
crease CT S32O0),OOO in the aggregate
supply of m Iey. The total stock,
Including cert firates of deposit as
well as the gold and silver and notes
held in the 1reasury for their redemption is
estimated to have Increased from 81, O93, $685.
rs to 81 10 I07.1 36 and the actual circulation
being the stcc5 less the amount in the
Urea ury, from ,SS7, $751; S33 to ST. 443 OS3 61s In
round numb rs tae cir culation on June 90
1917, consisted f S1U5. 90 OO9 of gold and
silver certificate s4I4 ,no0,O silver and sill
yer certificates AID 523,COl,O0J Of United
States and National bank notes.
In view If tn Prominence which the
money Calculations and the relations of the
Trya -ury thoreto have assumed in public
discussion the Treasurer thinks the time
orportune for presenting Information of
kind to throw light On the subje, t Accord.
ingly he explains with care the effect
which the operations of the Treasury have
upon the circulating medium, how the stock
in the country is ascertained, and how the
&c Of i l.
the hands or control of the people are arrived
at He gives voluminOus tables, extending
over tae last thirteen years, which show
the Issues, redemptions and amounts of the
standing of each kind of United States cur
rency by denominations, the total volume
Of each denomination outstanding at the
end OF each year; the amounts in the Treas
ury and circulation at the end of each
month; the estimated stock of gold and sill
yer in the country at the end of each year
to 1885, and at the end OF each quarter there
after, and finally the amounts of each and |
all held In the Treasury or estimated to
be in circulation at the sams periods |
Not much change has taken place |
in the movement of the United States notes |
There was decline of activity in the issue |
and redemption of gold certificates, with a |
net increase of only 81, 500, oOJ in the amount |
standing. The landings were mostly of |
the large denominations which are used in |
the collection of customs and the settle |
ment OF clearing house balances in New /
York. The absorption of legal tender silver
into the circulation, in the form OF the GER |
tincate OF deposit. has been fully up to the |
means of the Treasury for supplying il
The fresh issue of certificates take up the 1
years coinage of standard silver dollars /
and three millions more. There was also an
overflow of between two and three millions
fractional silver coins, which ENCOURAGES l
the hope that with good management the !
Treasury, in the course of few years more.
may be relieved of the redundant stock of |
these coins for some time on hand. I
On June 80 there were nearly s2.OOO,oOO of
uncurrent gold and silver coins in the
Treasury, besides Sc 100000 at San Francisco
which are much worn. The appropriation
CT $4,000 for the year will serve for the re-
coinage of only about $4,000 of silver
counterfeit notes representing an aggre-
G te value of So, 479 were presented at the
office, an Increase of 81 200 over the year be-
Tore. There were rejected S3,s46 spurious
silver coins, of which the greater part were
dollars.
An appropriation of $500 was made in
September for the reduction Of certain
notes, described by their numbers, bearing
the titles OF the National City Bank of Lynn,
Mass, the First National Bank of JERSEY |
CITY, \. j., and the Third National Bank of |
New York which were stolen from the office
OF the Comptroller of jhe Currency prior to
1853 and fraudulently put in circulation.