Telegram-herald., 1890-11-20
TIE FINANCES.
Unitee States Treasurer dussen
RepeFts sR Their Coadinea.
1ossrarasat Receipts ssd Esesad-
lsares scr ths fsar- Chsakss
IN Circulating Mediums.


wAsEiS0zeS. Aos. a. II nitea Siates
Treasurer J4mes ~ H4ston has sab-
mittsd 10 Secretary Wtna0m his report
on tae operations and conditions q TIE
1rszs 4ry for the fsc@l year enas6 Ja1s
So synopsis is As felloNs,
TIE uet oEd1asry revenues aEscuuteG 70 ss0S.
co ~ = saru tat tslce exoeeae@ h. tbe hss-
tory e ths 0essrlnent Ths Increase efcF tae
year sefaIe 50 -a4<s1 a. 81 4lea sil ~ ia
ssms irola shs lateral ssseaUe The oFaiuss
eAgsz@liarss ssgs s<sf,T2< ssd 81 iagFeaas
G tisfsssa over thoss ~ ths
revenues wss, therefore. little greater
taaa thkt g the expenditures. Tnsre
would have been fsliug n Is Tie lstssz tut
Tor the increase ia penslons- Ihe sgrplas rev
eases rers s'o5 sls s.6 - w1ieA e. - - sas
PAID ouI IN pFcaul1Ias GA ooass purchased. Ao-
corsilg - -ae warrants tae FrtsIvts lf the
Po-t-Ones DepsrtEa~nt wege 81 lud.osl ana
the expenditures So on So. an ia9r-.se oi 30
tween s5ooo0l0 aud s.0o5 90 0n nafh SIDES
Al tks close II business JuHe ~. lsss fbere
stood CHARGED % Tie Treasury o. he .6eo@s q
the department tAe suu " ter3 ~ rs TO
this were sGasd the receipts ef the year
froin the revenues ana 90 secpUnt OF the
lutlic debt amounting ID ali 20 tsS315-
So& 80 that tne aggregate fot which &C
Vas accounteble during me ysaF Nls a. ssl.-
s.f.ssx Of thls re disbursea tka eas go On
warrants OF ths department leaving sal og7
s18 IA his chgrgs June s. 1850 TAere wsa IA.
oluted IN these accounts. however upwards Of
tS,l0o e0J Ga deposit vita the Sts-es gnaer an
old law besides nearly 81 5j0Oo) ol unavailable
funds fer wElcR The Treasurer sas not -
spsaslble On the other hand. there was
on deposit with him for yarious pur-
poses = large sum of whicS the department took
ne account and &c had received other sums
which had not set been charged 10 him. The
true anouEt fer which he rss accountable June
20 1872 was ESQ o43s7l and 7iS.sls.975 year
later, against which he held a like amount u
assets consisting Of golA silver, paper cur
rency and deposits with National bsaxs
The amount Of GOLD IN the Treasury Increased
during the year from t903. .sls 10 ss20. 49,
las. and the silver from ssi5 io0T79 TO s34o.s2l.
oo6.
Exclusive OF amounts on deposit there was
in the Treasury belonging 10 the Government
June 30 1889, ss2j0sS. "a ana June g. 1870 $50
Ss4,sl5, the amount Of gold having Increased
about g 0O0o while the silver decreased
nearly sa,O10OC0. Tae liabilities decreased dur
ing the year from sig7 99 $50 TO SiOE lss 7IS and
the reserve, being the excess o. assets over liza
biliucs, ran down from slgS 09s ,04g 10 slsg a5o-
O.7
The total Obligations Of the Treasury on all
accounts were SlslO8.S475 June So 1889
cash in the Treasury was q O5o 0si c93 on tho
former date, and was s904. So OS8 on the latter
Not counting the certificates OF deposit the
debt proper in tie shape Of bonds an1 circulat
ing notes was reduced from O. ,2sOOs3 I35 10
sl.l45, iJO,ssS. This was Elected al total Of
Sl2i 2i3 for principal and premiums.
Nearly s740Jo,O00 o. 4p-r cent bonds and up
wards of 50, ,o0J Of ~ per cents were pur-
chased
Important changes took place in the circulat-
ing medium. but they were Of a more favorable
character than those Of the year before There
gain Of SIS, 600 600 In tie stock OF gold,
an increase OF $43,O0J0jo in that OF silver
and contraction OF S20,OOQOo0 In the volume
OF bank notes resulting in net ia.
crease OF 900 in the aggregate supply
OF money. The total stock including
certificates OF DEPOSIT as well as The golc,
silver and notes held in the Treasury for their
redemption is estimated TO have Increased from
1900 e6S 7lS to So l70. l07, laG and the actual
cireuiati n being the stock less the amount IN
the Treasury, from 81, ,3S7 55i S33 to ST. fl3 6iS
In round numbers the circulation OF June so
1890. consisted OF t505 900 900 OF gold and gold
certificates, s4l40oo0.o Of silver and silver
certificates, and s23 $4,000 Of United States
aud National bank notes.
Not much change has taken place in the
movement Of the United States notes There
was decline OF activity in the issue and re-
cemplon OF gold cert ncates, with net IN
crease Of only s3.5JooJo in the amount stand
ing. The absorption OF legal tender sill
into the circulation, in the form Of
the certificate OF deposit, hes been ful-
ly up 70 the means Of the Treasury for
supplying r. The fresh issue o. certificates
took up the years coinage OF standard silver
/ dollars and three millions more. There was
also outflow Of between two and t-rce raili-
/ ions or fractional silver dollar coins which e1-
cOurages the hope that with good management
the Treasury, in the course Of a few years more.
may be relieved Of tae redundant stock OF
4 these coins for some tine hand
There was Q decrease OF less than e oo0 600 In
the bonds held on deposit TO secure National
bank circulation. Owing chiefly to The lower
/ prices ruling FOR bonds tle deposits T the re
t!rement Of National bank notes amounted to
only s. iOoJ0oa
/ The Treasurer suggests that as he is a bonded
! Office holder he should be allowed 10 select hi.
own force OF clerks without the restrictions Of
/ the civii-servise law. while that law might
/ govern regards dlsmissals. He suggests that
greater heIioility might he given 20 The cur
/ rency IL gold certificates OF the denominations
/ of IS and $40 were issued
/
Many Cattle Lost at Sea.