Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1890-11-22
UNCLE SANS FINANCES.


Last Years Operations of the United
States Treasury-Flgures and Recom-
mendations in the Annual Report of
Treasurer Huston.
WASHINGTON, Nov. 19.-The Treasur-
or of the United States, Hon. j. N. Hus-
ton, has submitted to Secretary Win
dom his report on the operations of the
treasury for the fiscal year ending June
80, 1890. The net ordinary revenues
amounted to S4O3, ,0S0, 9S2, sum but
twice exceeded in the history of the
Government. The increase over the
year before was SIC, ,030 923, of which
S11, T25, 1O2 came from internal revenue.
The ordinary expenditures were $780,
7S6, 4S6, an increase of SIS, 739, S71 over
those Of the year before. The growth
of the revenues was therefore n little
greater than that of the expenditures,
and there would have been falling off
in the latter but for the increase in PEN
sions. The surplus revenues were S105,-
344, 496, of which $50, ,3O4, 224, was paid
out in premiums on bond purchases
Exclusive of amounts on deposit there
was in the treasury, belonging to the
Government on June 80, 1889, 1926, 02S,- :
927, and on June 80, 1890, 1886, 3s4, ,sl5,
the amount of gold having increased
about four millions. while silver de.
creased nearly nine millions The liza
bilities decreased during the year from
$127, 1881, $50 to S107, 1874, 71s, and the re-
serve, being the excess of assets over
liabilities, ran down from $19s, O97, o47 to
S179, 26O, ,O97.
a / tr,f f1,o, lit,
plain statement of the liabilities of
the treasury and of the public debt are
pointed out, and the changes recently
made in the debt statement explained.
The total obliga tions of the treasury on
all accounts were 81, Sl0 1913, 475 on June
30,1Ss9, and Sl,722, 24O, 1863 on June 80,
1890. The debt less cash in the treas
ury, was Sl,050, 034,703 on the former
date and S964, 325, ,0s4 on the latter.
Not counting certificates of deposit,
the debt proper, in the shape of bonds
and circulating notes, was reduced from
81, $50, o43, 1856 to 81, 145, 400, 9s6. This was
effected at total cost of 1924, 952, 253 for
principal and premiums Nearly
seventy-four millions of four per cent
bonds and upwards of thirty millions of
four and half per cents were pur-
chased. Important changes took place
in the circulating medium, but they
were of more favorable character than
those of the year before. There was a
gain of fifteen millions in the stock of
gold, an increase of forty-three millions
in that of silver and contraction of
twenty-six millions in the volume of
bank notes, resulting in net increase
of thirty-two millions in the aggregate
supply of money. The total stock, in
cluding certificates of deposit as we'll as
the gold, silver and notes held in the
treasury for their redemption, is esti-
mated to have increased from 2,O99,-
96s, rs to 50, 17O, 1O7, 1876 and the actual
circulation-being the stock less the
amount in the treasury-from 81, ,3S7,-
SOL, s35 to 81, 443, Os3, 61s. In round num-
bers, the circulation on June so, 1890,
consisted of S5O5, 900, 900 of gold and gold
certificates, S414, 600, 600 of silver and
silver certificates and S524, 1000, 600 of
United States and National bank notes.