The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-11-19
TELL COUNTRY'S FINANCES
The Excellent Condition Of tho
Treasury Department.
REVENUES UNPRECEDENTED,
With But Two Exccptions...The Sit.
uation on Wall Strcct...Anothcr
big Failure ... Money More
b. DcmOrnlized Than Stocks.

WASHINGTON, D. O., Now 1s.-The
Treasurer OF the United States, Hon.
James N. Huston, has submitted to Sec.
rotary Window tho report on the opera.
tions and conditions OF the Treasury for
fiscal year ended June so. The net ordi.
nary revenues amounted to Sl03, ,0S0,0S2,
a sum but twice exceeded in the history
OF tho Government. The increase over
tho year before was lG,030,023. Tho or.
binary expenditures we're S997, 7SG, ,4SG.
an increase Of sl5.7S9,S7l over those OF
the year before. The growth OF the
revenue was therefore little greater
than that OF the expenditures and there
would have been falling OF in the lat.
ter but for tho increased pensions. The
surplus revenues were Sl05,3di,406, OF
which S20. 0.304 .e2l was paid out in prem.
iums on bonds purchased.
At the close OF business on June so,
1889. there stood charged to the Treas.
uter S673,390, lis. To this wero added
the receipts OF tho year from the reve.
nues and on account OF the public debt,
amounting in all to S64S, 1915, ,3G3, SO that
the aggregate for which he was account.
able during the year was 1,323, IA, ,4Soo.
OF this he disbufsed 5000, ,2l7 ,O7S on war.
rant OF the Department, leaving SG9l,.
527 .4O3 in his charge on June so. 1890.
Exclusive Of amounts on deposit, there
WAS in the Treasury belonging to tho
government on June 80. 1889, S326 OPS.
097, and on June so, 1890, S3SG, ,3Si, SIS.
The liabilities decreased during the
year from Sl27,O3l, $50 to Sl07, ,l24,7IS,
and tho reserve, being tho excess OF as.
sets over liabilities. ran down from $685..
09ZOl7 to Sis. .e60,097. The total obi.
cations of the Treasury on al! accounts
were sl,Sl0,G7s 475 on June 80, 1889,
and 81 ,722, 2l0, lG3 on June so, 1880. The
debt proper in the shape Of bonds and
circulating notes, was reduced from
Sl,250, ,0i3, 1856 to 81, Jas, ,4OO,0SG.
In round numbers the circulation on
June 80, 1890, consisted OF sos ,OO0. 900
OF gold and silver certificates, S4l4. .0OO.
COO OF silver aud silver certificates, and
S525. 100000 Of United States and Natl.
onal Bank notes. The Treasurer ex.
planned with care the effect which the
operations OF the Treasury have upon
the circulating medium how the stock
OF the country is ascertained, and how
the amounts OF the. several kinds OF cur.
rency in the hands OF the people is ar.
rived at. Not much change has taken
place in tho movement OF the United
States notes.
Counterfeit notes representing an az.
gregate value Of SS,479 were presented
ut the office, IN increase OF s., 200 over
the year before. There were rejected 3,S4G
spurious silver coins, OF which the
greater part were dollars. There was a
decrease OF less than S3,000OOO in the
bonds held on deposit to secure Ma.
tional Bank circulation. seventy-three
banks We're discontinued as deposita.
ries, and eight new ones were des-
ignated. The redemption OF bank
notes amounted to nearly seventy
millions, a decrease OF upwards OF eight.
cen millions. Owing chiefly to the
lower prices ruling for bonds, the depcs-
its for the retirement National Bank
notes amounted to only Sll 900, 900. The
total amount OF money received in these
deposits, to the 25!h Of July last, was
nearly Sl79.0O0,Oo OF which S4O4,C0O,-
030 was paid out in redemption of notes
and upwards OF $50, 100000 was refunded
or transferred. The balance on hand,
amounting to s54,SSS, AIS, was deposited
in the Treasury by the Treasurers
check.