Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1891-12-10
THE TREASURY.

THE TREASURY.
Extracts From the Annual Report Of the
United states ACKNOWLEDGEMENTS
Revenues and Expenditures.
WASHINGTON, Dec 4-Hon. e. n.
Nebecker, treasurer of the United
States, has submitted his annual report
in regard to the operations and condi.
tions of the treasury to Secretary Eos
ter The net ordinary revenues of the
government for the past fiscal year
were S29a. 612. AT, $40, 46s, 535 less than
those of the year before The net or.
binary expenditures. exclusive of the
amounts paid in premiums on bonds
purchased, were 1856. 377. 4s4, an in
crease of S57, 6s6, 1913 The surplus rev.
enues were thus cut down from $685.
pa, 498 to S37, 239, 763, which last sum
was applied to the reduction of the
public debt The postal revenues
amounted to s65, 762, 9O3, and the ex-
penditures to S72, O67, $50, an increase of
IS, 900. 600 on both sides
June 80. 1890, there stood charged tc
the treasurer on the books of the de-
partment a balance of S691, 527, 400,
representing the excess of previous re-
ceipts over expenditures To this were
d1OO0 LAO ICCOipto VI IA0 year 1TOLA oil
sources, amounting to 1856, S21, 3O5,
which made an aggregate of 81. 45s. s4s.-
70S to be accounted for. The disburse-
ments authorized by the warrants of
the department, including those on &C
count of the public debt, were $751;
1926. 376, so that there was left a balance
was required to be. able to produce
u, ~ &c Rr1f h0c hn-
ing the bank of general government,
the treasury is also the depository of
the post Office department., of the bank
note rede mption fund and of the dis
bursting officers of the various services.
The balance of these accounts. together
with certain sums which had been paid
in but not yet covered by warrant,
made the treasurer's liabilities $751;
432, 1877 at the opening of the fiscal year
and ST., S54, 800 at the close, for which
he held in cash and other assets the
exact equivalent
The assets include upward of $685.
600, 900 of deposits with certain states,
over which he has no control, and up
wards of 81, 400, 600 of old losses from
deficits and defalcations for which he
is not responsible. After making these
deductions the true assets and liabil-
tiles are found to have been 1855, 915.
O7S on June 80, 1890, and $74S. 347, 866
June so, 1891, for which he held cash
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 the bonded
debt and the circulating notes, which
cannot be reissued amounted to $116,-
$50, 273 and required an expenditure of
1896. go, 494, including the premiums
on bonds purchased. This sum was
made up by taking $50, ISL. 731 from the
| reserve in the treasury in addition to
the surplus revenues of the year. The
| consequent reduction in the annual in
terest charge was 81 1872. 092.
According to the revised figures the
| amount of money in the country June
SO. exclusive Of certificates in circula-
ton for which the treasury held de-
posits, was s1,676, O7s, 102, of which
$3.50, 412, O19 belonged to the treasury
and 81. 495. 666. OS3 was in circulation.
There was a net loss of $40, 000, 900 of
gold, a net gain of upward of $40, 600. 600
| of other money and consequent con-
traction of about SO, 900, 900 in the whole
volume. The treasurer computes that
during the past ten years there has
been an average increase of $50, 200, OOO
from the end of June to the end of De-
cember in the amount of money actual
| ly in circulation, followed by an aver
age decrease of S14, 200, 900 from the end
of Decem Der to the end of June. The
| increase realized in the past year has
been nearly double this average OF
$3s, 900, 900 and in the last two years the
average has been exceeded by $43. 600,
OOO Unusually large amounts of notes
of small denominations have been sent
out to the west and south since July,
chiefly for deposits in the sub-treasury
in New York The aggregate up to the
middle of November reached upward
of $40, 600. 600, as against S61, 900, 900 for
the whole preceding yeV.