The Red Cloud chief., 1890-11-28
Tne CASH.

nank Clerulseseo 81 sDehoe 810ooaoh8
1osssss "A AaslleSetssy shSUeno
WsGnlxo1s ). Nv. la-Tbe Ifsaeo1oe o.
| ~ CsSsed states, Nos. Janss \. Uoseo0
hso sebDttte6 70 Seesosasy Wiodoo soeee.
| roSs On operations - eoDd1sl00s Of ~
1rsssu0 Tor the assai ysas ssdsA Jsee =
N net ofdinary reveals . Amounted -
oeotooa.S0, Q sun but twice e8ese6oa b eoo
history Of the 0~ovessGcaI TIE Iecreese
over the year before vas Sls.ooesSA os which
Sll,7H ist esnO from the lstsrael rUveoua
Tue ordiaary expenditures we're lSs.7S.SA
- Isercass of sn,7u.ssi avse these Ct the
! year before. b growth Of the revenue
vas therefore = IietIs greater than that a
the Expenditures and there would have
been . falling Od In the latess but foe the
Increase il the pensions. The surplus sev.
enues were sic3 .sss. 81. Of wasch tH,OSs1A
vas paid Out IL pscm!ums o. u tur-
chased.
Aceoriins 70 the varrastA. the rseeipts OF
the Post cfice u, y ,rtmens we're I'll. i6. 01
and the expenditure, So OIL, Is. A increase
Of between 81. 0ol.o ol and IS 600 90 on bosa
Sides.
At the close OF business June %. ls9. there
stood charged to the Treasurer on III books
of the department. the sum OF ! aS.lls
To this were H. sd the receipts 1T the y~sr
from the r~cvenccs. and on account OF the
public. amounting In al to Ets s!s.sis %
that Tia, aggregate for which he va, &C.
ecuniaUie during the year vas 81 81. s'i.ssA
OF this he cisbursed 90 1.7s7 rs on warrants
Of the department.. leaving S69i.s !.4li In he
charge Oh June s.. $50 There Is In
Guided In these accounts. how ever. up.
". ri Of 5000. 900 on deposIl with the
states under an old isw. bsssdes nesriy
a milf n and q half Of ,ble funds.
for which tho Trca. urer vas not respon-
sitle. On the other band thore was on de-
posit with him fer various urpuses . Iarso
sun of which the d,rartment took no &C
eOun,, and he had receiv d other sums
which had not yet bsen charged 20 him
III, true amount for which he vas account
abe on June 80. l>sY, vas S6a.s1,s.l. aad
S.S7 Sl5,g.s q year later, against wh'ch no
heid 4 iik. amount OF assets consisting OF
gold, silver, PAPER currency and deposiis
with National banks. Tns amount OF gold
in the Treasury increased during the year
from sos Isl .i9 to ss20. 9G3. -, and the silver
from 81 ,.l00. az to 3;6,s. 1905
Ike u,Iye Of amount on deposit there
WAS in the Treasury belonging To the Gov.
rnmen on Jane 81, lss,. 1850 1921 and on
Junc 50, $50. ,Zs5. sstsI5. the amount OF = Id
having increased about 5000 o01. while the
silver decreased nearly :9ob.ooo The lia.
biiiiics decreased during the year from
sI2s, 93I SD to II Z i2s.'Is. and tho reserve.
being In excess OF assets over liabilities,
ran dow from :l9s..79 VI to si:9 -6ttSI.
The dificuit;es in the way Ut making Q
plain statcinc e OF The liabilities Of the
Treasury and . the public deUt are pointed
,ut and the shangCs recently made In the
debt stat mcnt expl,inei. The total obi.
yaiion> Of the Treasury . n all accounts we're
81, $40, G7s, as on june 10. 1859. aud 5i.72 81. los
ON June 81. l.9I The d"bt less cash in the
Treasury was N.0D, 3t.603 On the former
debt and WAS :064.s 3! ,0s4 on the latter. Not
counting the certifc ties Of dept sit. the
prop. r ..ebt. in tn. shape OF bonds AMI cir
culatin notes WAS rcduc d from u .25p.G+3s.
1876 to 81, lsj,4O $50 This was Effected nc y
total cost Of !l!,. IS '.l.s fr prin. ipal and
premiums. Nearly s14. 90 Of Z per cent
bonds ". re purch ised.
Important chan :es took p ace Ia the cir.
Gu atinE medium. but hey were OF . more
favorable character than those Of The year
before. There was a gain Of SIS 003.0o IN
gold, an increase Of 81, 0OO.O o In that of sill.
V-r. and u con traction OF $c6.,C0.COo IN the
volume Of bank notes. resulting In q net In.
crease Il $,2,O0o,OO0 In the aggregate
supply OF m 'ney.
In view Ct tn, prominence which tho
money calculations and the relations OF the
Treasury thereto have assumed In public
discussion tie Treasurer thinks tho time
OppOriune for presenting Information Ct .
kin to throw light on the subje { Accord.
,ngly rs rxplaIns with care the effect
which the operations OF the Ire isury have
upon the circulating medium. how the stock
in the country lie asccrtained, and how the
mounts Of the sever u kinds OF currency In
the hands or control! of the people are arrived
At He gives voiuminous tables, extending
over the last thirteen yeas. which show
tho issues. rcdcmptions and amOunts OF the
landing Of each kind OF United st ties cur
rency iy denominations. the total volume
Il each dcnominatiO, outstanding ut the
end of each ear /; the rmounts In the Treas.
ury and circulation ut tho eni OF each
- AAn ~ass.,nsr1 otnrk 90 - Ii anA all.
yer in the country Mt the end Of each year
to 1885, and os The end OF each quarter there.
after, and finally the amounts OF each and
all held In tho Treasury or estimated to
be In cire ulation mt tho sams periOdA
Not much change ha> taken place
In the mGvem,nt OF the United States notes
There was q u cline OF activity In the issue
and redemption Of gold certificates. With .
net increase OF only 3.s1o.00' In the amount
standing. The landings were most ' Ut
the lai &c denomina atoms. which srs used In
the collect on OF customs and tho settle.
ma. mt Of clearing house balances in New
York. Tho absorption Of legal tender si,vc
into the circulation. In the form Of tho GER
tihcate of deposit. has been fully up to the
means OF the Treasury for supplying It.
On June 80 there were nearly N,a00,00D OF
uncurrent gold aud silver coins In the
Treasury, besides 50. ;oo. 900 at San Francisco
which a:e much worn. The appropriation
CI t<VssUV IOF the year Will teIvo tOr tn0 -
cOinag. Ct only about :A.O.OOD Of silver.
Counierf .it notes r'presenting an sggte-
& e. value of$s.s79 were presented at tn
office, an INCREASE Of 81 90 " r the year b..
fore. There were rejected $s.si6 spuriou
silver coins. Of which the greater part were
dollars.
There vas q decrease OF less than S3,G0o.soo
In the bonds held on deposit to SEE ure
National bank circulation. Seventy three
banks were discontinued as repositories
and eight new ones we're designated.
some important changes occurred Ia the
Pacific RI lroad sinking fund, and tho In
dian trust fund. The redemption OF bank
notes amounted To nca " $.0.OCO,0O. . de-
crease Of upwards OF $ls.OoO,0O rs compared
with the year before. Owing chiefly TO tie
lower prices ruling for bOnd>. the deposits
for the retir ,ment OF National bank notes
amounted to oniy$li 600 oO By the act Of July
~, 1870. these deposits. to. ether with the
balance Of them remaining in the Treasur
er's hands, were equired TO be covered into
the Treasury anu q like amount Of out
staining tank notes to be reported each
month IS deos of tbs United States bearing
no interest The work of receiving theS
deposits and redeo ming the notes out Of
them has been done heretofore with
NRpA