The record-union., 1891-12-03
U. S. rREAsURER,s REPORT.
Statement of the Revenues and Dis.
bursements the Past Year.

statement of the Revenues and Dis
bursements the Past Year.
WASHINGTON, Dec. 2.-Treasurer of the
United States Nebecker has submitted
his annual report to Secretary Foster
The ordinary revenues of the Govern
Inent for the past fiscal year We're 1892,
Gl2,447, or $40, ,4GS, 535 less than the year
before. Net ordinary expenditures, ex-
elusive of the amounts paid in premiums
on bonds purchased, 1856, ,372, ,694, an in
crease of S57, ,636, 1913. The surplus reven-
ueS were then cut down from SIO5, ,344 1876
To S37, ,239, ,762, which last summer was ap-
piled to the reduction Of the public debt.
Postal revenues amounted to S65, 762, ,9OS,
and the expenditures to SO, 067, $50, an in
crease Of about $5,O00,000 on both sides.
The reduction effected during the year
in the principal Of the bonded debt and
circulating notes which cannot be re-
issued amounted to SIG, ,590,273 and re-
quired an expenditure of Sl26, ,99l, ,494, in
Guiding premiums on bonds purchased.
This sum was made up by taking SS9,-
t5l, ,I3l from the reserve in the treasury in
addition to the surplus revenues of the
year. The consequent reduction in an
nual interest charge was 81, ,322, ,092.
According to revised figures the amount
IN the Treasury on the 30th of June ex-
elusive of certificates in circulation, for
which the Treasury held deposits, was
81, ,676, ,07S, ,I02, of which SlS04I2. .OI9 be-
longed to the Treasury and 81, ,495, ,G66, ,0S3
was in circulation. There was a net loss
OF SIS, 100000 Of gold, net gain OF upward
OF 100000 900 in other money and q conse-
Quent contraction OF about Sc, 700 900 in
the whole volume.
The Treasurer computes that during
tpe past ten years there has been an aver
age increase of So, 200, 600 from the end of
June to December, in the amount of
money actually in circulation, followed
by an average decrease of SI4, ,200, 900 from
the end of December to the end of June
The increase realized in the past year has
been nearly double this average of S33,-
O00,00O, and in the last two years the
average has been exceeded by S43, 900, 900.
An unusually large amount of notes of
small denominations has been sent out to
the West and South since the first of
July, chiefly from deposits in the Sub
Treasury at New York. The aggregate
up to the middle of November reached
upwards of S49, 600, 900, as against S61 ,000,-
GO for the whole preceding year.
Measures OF improvement in the con-
dition OF coinage, particularly silver,
have been effected, nearly SI,000,000 of
uncurrent coin in the Treasury being re-
stored TO full weight. AS a result of this,
and some special efforts in other direc-
tions, the amount Of fractional silver in
the Treasury has been much reduced
Many inquiries for silver specify new
coins. ii is believed but for the preiu-
dice against all coins showing any wear
the Treasury would long since have been
relieved of a good portion of its load of
fractional silver. The Treasurer points
ont that this prejudice, in the case of sill
yer coins. is altogether groundless, since
they derive currency, not from weight,
but from the stamp of the mint, and are
received at the Treasury for full value as
long as the stamp can be recognized, pro-
vided the loss of metal is due to natural
wear.
Nearly SCI COS, GOO national bank notes
were redeemed-an amount much above
tfop average