The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-11-19
The NATIONS FINANCES
Annual Report Of The Condition Of The
United States Treasury.
BIG SUMS OF MONEY
The Demand for Silver In Certifl-
Gates Exceeds the Suppiy-lm-
portant Recommendations
OF the Department.

WASHINGTON, Nov. ls.-The annual re-
shows that the net ordinary revenues OF
the past fiscal year amounted TO si0S.0s0,-
ss2, sum but twice exceeded In the his
tory OF the government. The increase
over the year before was sl6,030,s23, OF
which sll,795,l9l came from internal
revenue. The ordinary expenditures were
SIS, 100, ,i56, an increase OF Sl5, 1898 over
the year before. This increase is princi-
pally due 10 the increase in pensions. The
surplus revenues were sos, ,Sii,is6, Of
which seO,sOi ,22i was paid out in pre-
miums in bond purchases.
The receipts of the postofiice
department were SCI, ,l0s, ,0il, and the ex-
penditures So, oil ,263, an increase of be-
tween five and six millions on both sides.
The aggregate amount for which :he
treasurer was accountable during the fis-
cal year was sl.S2l, ,77i,4s2. OF this he
disbursed $3.50, ,3i7,0 ,07S on warrants. De-
ducting the amounts for deposit with the
the states and various other sums, the
amount remaining for which he was ac.
countable was S757, ,9l5,070.
The amount Of gold in the treasury has
increased during the year from 1913, ,Ss7,-
1l9 TO SS20, 1888, las and OF silver from SSl5,-
l60, ,ISs 10 s3l5, ,s2l, ,l06, exclusive Of amounts
on deposit. There was in the treasury
belonging to the government on June 30,
1859. 500, ,02s, ,927, and on June 20, 1880,
S2s6, ,3si, SIS. The amount OF gold has in.
creased about $4,000, 900, while silver mas
decreased nearly 100000. The liabili-
ties have decreased during the year from
Sl27, ,a3l, $50 TO sl07, ,l2i, us, andihe reserve,
being the excess Of assets over liabilities,
ran down from sl9s. .097 ,0i7 10 sl7s, go 0s7.
The total obligations Of the treasury on
all accounts were 81 sl0,67s, AS on June 30,
1880, not counting certificate Of deposit.
The debt proper, in the shape Of bonds
and circulating notes. was reduced from
s., ,25O, ,Oi3,lSS to H,li5, ,i0O,ss6. This was
effected at total cost Of Sl2i, ,952, ,2i3 for
principal and premium. Nearly one
quarter Of million Of per cent. bonds
and upwards of $50, ,0oO, 900 of ~ per cents
were purchased. Important changes took
place in the circulating medium, but OF
more favorable character than the year
before. There was gain Of SIS. 900 in
stock Of gold, an increase OF $4,000 ,00
in silver, a contraction Of S26, 10000 10
the volume Of bank notes, resulting In a
net increase Of sS2, 600, 600 in the aggregate
supply Of money. In round numbers the
circulation on June 30. 1880, consisted OF
sos, 10000 gold, and gold certificates
sili, 600 silver and silver certificates
A change has taken place in the move
ment of United States notes. There was
decline of activity in the issue and re
demption of gold certifl Gates. The
absorption of legal tender silver in circu-
lation in the form Of certificates oI
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 of fractional sill
yer dollar coins, which encourages the
hope that with good management the
treasury, in the course Of a few years
more, may be relieved of its redundant
stock of these coins for some time on
hand.
Seventy.three banks were discontinued
as repositories during the year and eigh
new ones designated. The redemption oi
bank notes amounted to nearly $4,000,
600, a decrease of upward of $1,000, ,00t
compared with the end Of the year before
Owing chiefly to lower prices the ruling
for bond deposits for the retirement oI
national bank notes amounted osonl,
Sll,OOO,O0O.
Continued embarrassment has attended
the work Of supplying the country will
paper currcnc., from delays and failure:
in the treasurer's acquisitions for new
notes. lie suggests that greater flexi
bility might begiven 10 currency il golt
certificates OF denominations Of S. ant
$40 be issued. He urges the necessii,
Of appropriations for the Transports
ton Of United States paper currency
TO Washington for redemption. Will
triiling additional outlay people could bt
kept supplied with clean and fresh papeI
currency, thus greatly lessening the dan
ger of counterfeting. The treasurer
claims the salaries paid 10 officers of th,
treasury are inadequate for the duties
performed, being less than are paid IL
well managed private institutions, and
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