Morning journal and courier., 1890-11-19
coNDrTIoN OF THE TnEAsUnY.

CONDITION OF THE TREASURY.
United States Treasurer Huston,s
Report to Secretary Windom-The
Net Ordinary Revenues but Twice
Exceeded In the History of the Cow
ernment.
WASHINGTON, Nov. 18.-The treasurer
Of the United States, Hon. James N.
Huston. has submitted to Secretary VIM
dom the report on the operations and con-
ditions of the treasury for the fiscal year
ended June go The net ordinary reye-
nues amounted to $403, 08O, 982, sum but
twice exceeded in the history of the gov
eminent The increase over the year be-
fore was SIG, 030, 923, of which 81, 1885,
| 191 came from the internal reuenue. The
ordinary expenditures were 1927, 736, 436,
an increase of $12, 739, 81 over those of
thsyear before. The growth Of the reve-7
nues was, therefore, a little greater than
that of the expenditures, and there would
have been falling off in the latter but for
the increase in pensions: The surplus
revenues were $105, "a, 498, of which $685.
304, 2A was paid out in premiums on
bonds purchased. According to the war
rants the receipts of the postofice depart
ment were $61 ,106, 041 and the expendi-
lures $67 oil, 1888, an increase of between
So, 900, 900, and 90, 600, 900 on both sides.
At the close of business on June 80,
1889, there stood charged to the treas
urer on the books of the depart
ment the sum of $873, 1893, 118. To this
were added the receipts of the year from
the revenues and on account of the public
Il oh oil 10
that the aggregate for which he was ac-
countable during the year was 81 1921, TIA,
482. Of this he disbursed $3.50, 47, 078 on
warrant of the department, leaving 1891, -
SGT, 403 in his charge on June 30, 1890.
There were included in these accounts,
however, upwards of $28, 100000 on de-
post with the states under an old law, be-
sides nearly million and half of una
valuable funds for which the treasurer was
not responsible. On the other hand,
there was on deposit with him for various
purposes a large sum of which the de-
partment took no account, and he had
received other sums which had not yet
been charged to him. The true amount
for which he was accountable on June 80,
1889, was $3.50, 643. 81, and 1857, 915, O7S
year later, against which he held a like
amount OF assets, consisting of gold, silver,
paper, currency and deposits with national
banks. The amount of gold in the treas
ury increased during the year from $685.
1877, 719 to 1920, 933, 145, and the silver from
$315, 100, 799 to $346, 1921 zoos. Exclusive
of amounts on deposit there was yet in the
treasury belonging to the government on
80, 1890, $3.50, 1884, S15, the amount of gold
having increased about 81 ZOO, 900, while
the silver decreased nearly SO, 0OO, 900. The
liabilities decreased during the year from
S127, 931 $3.50, to $107, 124, 71S, and the re-
serve being the excess of assets over liza
bilities ran down from $19S, 097, 047 to
$179, 260, 097.
AT DELMONICOsS BOARD.
One Hundred and Twenty-second
Annual Dinner of the New York
Chamber of COmmerce-Some OF the
Prominent People Present - The
TOasts.
New York, Nov. 1s.-The one hundred
and twenty-second annual dinner of the
chamber of commerce was held at Delmon-
ico's this evening. President Charles S.
Smith presided. Among the 200 persons
present were Grover Cleveland, George
William Curtis, Chauncey N. Depew, Carl
Schurz, President Eliot of Harvard, Cen
eral Sherman, Bishop Potter, General
Schofeld and General Howard. The prin-
cipal speakers, other than President Smith,
who delivered an introductory address,
were George William Curtis on Commerce
and Literature" Chauncey NJ. Depew on
Reciprocity with Other Nations" Carl
Schurz on "The Development of Foreign
Commerce" and President Eliot of Har-
ward on Education in Its Relation to
Business Affairs" President Smith
| touched upon the financial situation
and foreign commerce. He believed
that through the heroic action of the
| great bankers of London and NewYork the
| financial crisis was passing away. He also
spoke vigorously in favor of commercial
reciprocity. Chauncey N. Depew said that
the events of the past few days have DEM
| onstrated that the real power in the gov
| erament of Christendom is the man of
| business. The merchants and bankers
have directed the thought and action of
| the world. 1t has always been the habit
in times of distress to call upon the gov
eminent for relief. But crisis unequaled
has been met and its consequences averted
without asking the aid of cabinets or sec
retaries, without the suspension of statutes
| in violation of law, by the commercial
craftsmanship of New York and London.
President Eliot of Harvard said: 1.-THE
toast to which respond suggests several
subjects. It might refer to the noteworthy
fact that large proportion of endowmenta
for academic instruction have been given
by men whose lives have been devoted to
business affairs. 1t suggests an interest
ing topic, namely, the effort of worldwide
mercantile and financial changes on the in
| come of educational endowments. Within
twenty years the income of such endow.
ments has shrunk very seriously both in
this country and in England"
Among the letters received from promi
nent men were the following from Presi
dent Harrison:
| EXECUTIVE MANSION, /
| WASHINGTON, Oct. 81. /
Gentlemen-It is a source of real regret that
am again compelled to decline an invitation tc
the annual banquet of the chamber of commerce,
of the state of New York. But at the time 70,
| have named will be SO engaged in the necessa
| ry preparation for the meeting of congress that
| even the being absent from Washington, which
| an acceptance of your kind invitation would re
| ouire, is not possible. With great respect,
Very truly yours.
L BENJAMIS HARRISON.