The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1892-12-02
THE NATIONAL TREASURY.
Nebeker's Report of the Funds and Cur.


binary revenues of the government foi
the fiscal year were 1854, 937. 7S4, a de
crease of S37, 1874, 663 as compared with
the year before. The net ordinary ex
penditures were sS45, O2S. $50, decrease
of $40. S49,354. The surplus revenues
were thus cut down from So, 23s, 762 to
s9,9l4. 453. Including the public debt,
the total receipts for the year were
sT36, 4O1, 296 and the expenditures 1854,
O19, 2s9
Considered with respect TO the effect
upon the treasury, the receipts are di-
vided into two general classes, of which
the first, comprising the ordinary reve-
nues, the receipts from loans and the
deposits for the retirement OF national
bank notes. increase from the time the
cash available for the uses of the gov
eminent, while the second, arising from
| the issue of gold, silver
and currency certificates, United
| States notes and treasury
notes, tend to swell the assets OF the
treasury but do not affect the available
balance For the first of these classes
the figures show an excess OF SIS, 900. 600
of expenditures over revenues in 1891,
and one of upwards of 81, 900 in
! 1892. In the second class there was an
excess of nearly $50, 900. 900 of receipts
in the former year and one of $50. 900, 600
in the latter. As compared with 1891
there was saving of upward of $14,
600, 000 of interest, out of which n sur
| plus was realized, Notwithstanding the
| Il # hu
/ Analyzing the true condition of the
| treasury and setting aside the trust
funds, the treasurer shows that there
was working balance OF cash and de-
| posts in banks amounting to S2J7, no.
452 at the beginning of the year and to
| SlG5, us. Isl at the end. Of the former
amount $4,000 900 and of the latter
/ S114. 500,CO was gold, The success
which has attended the efforts of the
department to maintain n strong gold
reserve is considered satisfactory, in
view of the heavy disbursements. The
amount of the public debt is given at
| 81, 545. 1916, 59l on June 30, 1891, and
| 81 ,5SS, 464, IA on June so, 1892.
The loans resting on the credit OF the
| United States were cut down from g.
OO5, S06, $50 to S96S, 21S, $40, while those
secured by full deposits in the treasury
increased from $40, 100, 03l to $500, a45,
SOL There was a gratifying improve
ment in the condition of the debt, pro-
duced by the reduction of the interest
bearing loans, the conversion OF ma
| tured bonds into others payabl at the
option of the secretary of the treasury,
! and the extinction of a considerable
part of the loans payable on demand.
The total net reduction of S37. j87, 100 in
these items was effected by the applica-
ton of the surplus revenues OF the year,
amounting to nearly $4,000 900, to-
gether with upward of ST., 900, OOe taken
from the cash in the treasury.
According to the revised estimates
the total stock of money of all kinds in
the country on June so, was S!,374. 434, =
O49, an increase OF $50, 900, 900 in the
year. by eliminating that part Of the
paper currency which is purely repre-
sentative, consisting of certificates of
deposit and treasury notes, the effect
i've stock is found to have been 81, 753,
e53, 745, an increase of 100000, 900.
The monetary history OF the past
year, however, has been peculiar, both
in the movements OF gold, which have
been increased and in the other changes
that commonly occur with the changes
of the seasons, but have been this year
been less marked. The increase OF the
effective stock of money from Septen-
Der to September was only 80, 900, 600
Discussing the changes in the amount
and composition of the money stock,
the treasurer says that the increase
which marked the fiscal year was
the result OF the production of
nearly S17,O00.00o of gold in eX-
cess OF the industrial consumption, q
fresh issue of 81, 900, coo of national
bank notes, together with the changes
in the stock of silver The gold ex-
ported between January and September
was taken mostly from the sub-Ireasury
in New York. Up to the end of June
the Withdrawals were made by the pres
entation of gold certificates, but from
that time on to the cessation of snip
ments, mostly upon tenders of United
States notes ana treasury notes.
OF the aggregate stock of money a.
the end of the fiscal year s55Tl, -, 3.3
was in the treasury and mints. leaving
81, COS, CS! $40 IN the bands of the people
The holdings of the treasury Increased
$50, 0OO, coo and the amount in circuia-
ton 500, Coo 600 during the year.
Satisfactory changes have been ei-
fected in the condition of the fractional
silver coinage through the liberal APP
preparations OF the past two years for
this purpose. There has been d slight
decrease in the amounts of counterfeit
silver coins ard paper currency pre-
sented at the treasury Offices.
There was an increase % 5000, 000 in
the amount Of United States bonds held
for the security of national bank cir
culation and a decrease Of SO. 900, goo
in the amounts held for the security of
national bank circulation. and "a de-
crease OF $40, 900, coo in me amounts
held as security for public deposits y
total addition OF ST., 6G4, 0U0 was made To
the par value OF the securities ,Umpos-
ing the Pac fic railroad sinking funds.
In proportion TO tic volume of national
bank notes in circulation the redenp-
ton. continue heavy, having amounted
to upward OF SOS, Coz, 600 in the fiscal
year.
Ihc shipments OF United State paper
currency amounted II $40, 20, 81. OK
ceediDg these IF aEy previous year. I no
nearest approach t. this total wa. SSi0,-
0JO. 90 Ia the wear before. and the next
nearest So. u09, 800 in 1s6s OF the
whole amount SOS, 0G0. C3s took the
place of Tx. KINDS and amount. des-
troyed, white 81, 00o, O9s cons..ted of
fIa.i is,I1..S