The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-12-03
CONDITION or THE TREASURY.
Reports OF Trea-ure- Nebeker and Conn.
troiier Lacey.

COHDI1AVN UT 1hE IhEAhURI
Reports OF Treasurer Nebeker and Conn.
troiier Lacey.
WASHINGTON. Dec. 2.-The Hon. f. II. Ma.
beker. Treasurer OF the United States. has
submitted his annual report to Secretary
Foster.
The net ordinary revenues OF tho Govern.
ment for the past fiscal year were S3o2.8l2..
447. or SO 48S. 535 less than those OF tho year
before. The net ordinary expenditures cx-
elusive Of the amounts paid in premium on
bonds purchased. were 1856. 372,6S4. an in.
crease OF $U7.831.108. The surplus revenues
were thus cut down from s105.344. 408 to S37..
23p. 49,, which last sum was applied to the rs.
duction OF the public debt The postal revn.
nues amounted to sG5.702,a0S. aud tho ex.
penditures to ST.. 007. $50. an increase Of nbout
900 on both sides.
On June 30. 1890. there stood charged to the
Treasurer on the books OF the department a
balance Of S191 .527,403. representing tho cx.
cess OF previous receipts over expenditures
To this were added the receipts OF the year
from all sources. amounting to s756.S2l. 3O5
which made an aggregate Of 81. 45T.34S 7OS 20
be accounted for. The disbursements author
lied by the warrants OF the department. in-
Guiding those on account OF the public debt.
were S731. 126.370. so that there was left
balance Of S728.222.332 or with Post Office
Department funds and other funds OH deposit
$7S7. 432.157. at the opening Of the fiscal
year. and S777.s54.945 at the close. for which
tho Treasurer held cash and other assets the
exact equivalent. These figures however. in
clude deposits with certain States ind old
losses from deficits and defalcatiops. deduct
ing which the true assets aud liabilities arc
found to have bcen S757.9l5.07S on June 30.
1880. and S74S347,SUG on June ~. 1891. for
which he held cnsh or credits. all instantly
available, with the exception OF comparatively
small amounts Of uncurrent coin
The reduction effected during the year in
the principal OF tho bonded debt and the cir
culating notes which cannot be reissucd
expenditure Of Si2I,sIi. i9i. including the
premiums on bonds puclnsed. his sum
reserve in the Treasury in addition to tho
ssd H,5 In the annual interest charge was
According to tho revised figures the amount
81 81 IN n whsh E
Treasury held deposits. was sL67S. O5s. lOa. Of
%hi.h slsota2Ss t" the
was a net loss q s46. 6Soojo Of gold. a net
gain Of more than s40.Oo9,OOo q other money.
and CONSEQUENT contraction OF about $1,000
Counterfeit silver coins. United States notes.
fractional currency OF .tne nominal face value
OF nearly $4,000 were detected at the Treasury
before; which shows. presumably: a CORE.
spending Improvement in the condition Of the
yS Ins neT have APP
There There was decrease Of about s3OOO.OOo in
the amount q bonds ends held for national banks
ts Nea naa e SSSSs PF naRo S
sireSia to- b The fresh deposits
s g assly S% WS isss sss 4s
sS% Sa 81 ssn FS%
accepting ne secretarys offer Of extension.
the banks avoided any considerable contrac-
drawais Of the old Bonds and there was ian an
s 5sssS & new notes amounting to about
A statement prepared at the Treasury De-
h'sf sai sSsn net ts n
1st Of Nsyember The items 9t increase we're
notes $50 $50: national bank notes. si.70s.s
s ssss syHt
Sry. = feiloTs asld seIh st. 7se 3st stsnd-
ss:f sSee 5aea fSs Thers s
g DECREASE as follows: Subsidiary silver.
sa,es pot ssts1. SsS. q nosss
$g7.O41: trade dollar bullion. $I.l47. s86.
a. TIE ". CIRCULATION per capita on Dec is stated
:, The report Of Comptroller Of the Currency
soM hss she e1asa
tnSs largely
went into Voluntary liquidation and twenty
aes Of
81. 5530 900. The number Of banks in opera;
.osf e ST. Ssss depostEsd IL Co s sssn4s
.esF h sssspssa 1h siss ' dS4ns
81 bonds has whts sea- PsiEo
crease q notes secured by pledge Of bonds has
81 the new banks Established. ninety se are
west 81 tie Mississippi, River and ATTY nine
the last exceeds any previous year. but other:
ben f ri
Western States. and these failures We're Chiefly
sres It Is shown that Of the total humber B Of
National banks organized only 81 per cent.
and that the annual average loss to creditors
1ssn Of per cent Of the
Attention is called to the necessity for legis:
lation more clearly defining the duties OF
dlrectorS. Also TO the need OF some further re-
strction upon the accom- odations which may
be lawfully afforded to officers and directors
recorded are looked upon as the result OF the
collapse OF the speculative spirit which has
been generally prevalent for the past five
years. greatly aggravated by the monetary
experienced by most OF the ma
lations."
GENERALIZATION OF CHESTNU1S.
Two Dealers Arrested for Trying to Do.