Omaha daily bee., 1890-11-19
1T WAS INTERNAL REVENUE.
Source From Which the Government derives
Its Remarkable Assets
INCREASED ORDINARY EXPENDITURES.
The Report OF the Treasury Shows
That the Government is Handling
Considerable Moncy-Demands
of the Pensioners.

Of United States Treasurer Huston Shows
that the net ordinary revenues amounted to
si03, ,0S09S2, a sum but twice exceeded in the
history of the government. The increase
over the year before was Sl6,030,923, of which
sll, RS, l0l came from internal revenue. The
ordinary expenditures were S297, 736, ,436, an
increase of sl5, 739, ,S71 over the year before.
This increase is principally due to the in
crease in pensions Surplus revenues were
slO5, 344 496, of which 500, 304 pa was paid out
in premiums in bonds purchased. The
receipts Of the postoffice depart
ment were s6 106041, and expendi-
lures s67, oil 1858, an increase of between
five and six millions on both sides. The ag
gregate amount for which the treasurer was
accountable during the fiscal year was 81 ,32l,-
T74,472. OF this he dlsbursed 5000, ,247, ,07S on
warrants. Deducting the amounts on deposit
with the states and various sums, the amount
remaining for which he was accountable was
S151 ,9l5,07S.
The amount Of gold in the treasury was in
creased during the year from 1903, ,3S7, 1l9 to
1920, ,933 45 and silver from S315, 100, 10 to
S346, ,S2l ,006. Exclusive of amounts on de-
posit there was in the treasury, belonging to
the government on June 80, 1889, 1926, ,02S,927
amount of gold having increased
about StOO0,OOO, while silver de-
creased nearly S9,0O0,OOO. The liabilities
decreased during the year from Sl2I93l, $50
to S107, l24,7lS and the reserve beng in ex-
cess of assets over liabilities, ran down from
Sl9S, ,097, ,047 to S179, ,26O,097.
The total obligations of the treasury on ac-
counts was 81, $40 67S, AS on June 30, 1889, and
81, 10, ,240, 1853 on June 80, 1890. not counting
certificates of deposit The debt proper on
bonds and circulating notes was reduced
from 81 ,250, ,043 1856 to 81, las 400 9S6 This was
effected at a total cost of Sl24, ,952,2i3, for
principal and premiums. Nearly 74,00O0O0
| Of per cent bonds and upwards of 30,000,000
| Of Az per cents were purchased.
Important changes took place in the
| circulating medium, but of more
avorable character than the year before.
There was gain Of Sl5, 900 900 in the stock
| of gold, an increase of S43000,00O in silver
| and contraction of s26, 900, 900 in the volume
of bank notes, resulting in a net increase of
| So, 900, 900 in the aggregate supply of money.
In round numbers the circulation on June
| 80, 1890, consisted of sos 900, 900 of gold and
| gold certificates, $il4,000,000 Of silver and
| silver certificates and S523, 900 United
| States and national bank notes.
Not much change has taken place In the
movement United States notes. There was
| decline Of activity in issue aud redemption
| OF gold certificates.
The absorption of legal tender silver into
circulation in the form of certificates of de-
posit has been fully up to the means of the
treasury for supplying it. There was also an
outflow of between s2,000,OO0 and $4,000, 900 in
fractional silver dollar coins, which en-.
courages the hope that with good manage
| ment the treasury in the course of few
years more may be relieved of the redundant
stock of these coins for some time on hand
Sevenuy-three banks were discontinued as
repositories during the year and eight new
ones were designated
The redemption Of bank notes
amounted to nearly SIC, 900 900, decrease Of
| upwards of $4,000, 900 compared with theyeal
before, owing chiefly to the lower prices rul
I ing for bonds. The deposits for the retirement
Of national bank notes amounts to only Sl1 +,
| 100000. . =. .
Continued embarrass sment has attended the
work of supplying the country with paper cur
rency from delays and failures in filing the
treasurer's acquisitions for new notes. III,
suggests that greater fexibility might b'
given to the currency if gold certificates o
the denominations of s. and $40 were issued
He urged the necessity of an appropria
tion for the transportation o
United States paper currency t
Washington for redemption. With a trtins
addition in outlay, the people could be KEEP
supplied with clean aud fresh cvrrency, thu
greatly lessening the danger of counterfeit
ing. -.,.-
The treasurer claims the salaries paid T.
officers of the treasury are inadequate com
pensation for the duties performed, bein,
less than those paid in any we'll manage,
private institutions and less even than thos
pald in the subtreasury in New York.