The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1891-12-11
THE TREASURY.
Extracts From the Annual Report OF the
United States ACKNOWLEDGEMENTS
Revenues and Expenditures.


Revenues and Expenditures.
WASHINGTON, Dec 4-Hon. z. ii.
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 S292, 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 1855, 377. asa, an in.
crease of S57,6S6, 19S The surplus rev.
enues were thus cut down from $685..
pa, 496 to 1899, 76a. which last sum
was applied to the reduction of the
public debt The postal revenues
amounted to SOS, T62, 9O3, and the ex.
penditures to So, 067, $50, an increase of
S., 900, 600 on both sides
June 80, 1890, there stood charged &c
the treasurer on the books of the de-
partment balance of s69l, 527, 400,
representing the excess Of previous re-
ceipts over expenditures. To this were
added the receipts of the year from all
sources, amounting to S756, S21, 3O5,
which made an aggregate of 81, 453. 34S,-
7OS 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;
126. 376, so that there was left a balance
of s726, 322, 332. for which the treasury
was required to be able to produce
cash or other assets. But besides be-
ing the bank of general government,
the treasury is also the depository of
the post Office department. of the bank
note redemption 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, 157 at the opening of the fiscal year
and S777, s54, 500 at the close, for which
he held in cash and other assets the
exact equivalent
The assets include upward of S2S,-
OO0, 900 of deposits with certain states,
over which he has no control, and up
wards of 81, 400, 900 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 S755, 915.-
O7S on June 80, 1890, and S74s. 347, 500
June 80, 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
de bt and the circulating notes, which
cannot be reissued amounted to S116,-
$780, and required an expenditure of
1896. 99i. 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. O02.
According to the revised figures the
amount Of money in the country June
80, exclusive of certificates in circula-
ton for which the treasury held de-
posts, was S1,676, 07s, 1O2, of which
$50, 412, 019 belonged to the treasury
and 81. 495, 666, OS3 was in circulation.
There was a net loss of $4,000, 900 of
gold, net gain of upward of $40, OOO 900
of other money and a consequent con-
traction of about 50, 900, 900 in the whole
volume. The treasurer computes that
during the past ten years there has
been an average increase of $50, geo. 900
from the end of June to the end of De-
Gem Der 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 |
S3s, coo, 900 and in the last two years the |
average has been exceeded by S43, 0OO,-
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, 900, 900, as against SOL, 600, 900 for
the whole preceding year.