Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1892-12-01
NATIONAL FINANCES.
REPORT OF THE CONDITION OF
UNCLE SANS STRONG BOX.
His wealth has Increased $3.50, 900. 600
During the Year Covered by the Re-
port and his People have billion and
aHalf in their Pockets.

mitteu his annual report Tor the year end
inc June. 30 1892
The net ordinary revenues OF the govern |
ment for the fiscal year were 1894 ,931,1S+, |
decrease of s31, Ga ,j33, as compared with |
the year before. Tho net ordinary expen-
ditures were S345, ,023,3 ,33), a decrease of al0,-
3i9,854. The surplus revenues We're thus
cut down from s37,239, 762 to s9,9l4,453. |
Including the public debt the total re-
ceipts for the year were $685. 40l ,?9G, and
the expenditures SGSi0l9,2SJ.
Considered with respect to the effect
upon the treasury the receipts are dt
vided into two general classes, of which the
first, comprising the ordinary revenues,
the receipts from loans,' and the deposits
for the retirement of national bank notes,
increase for the time the cash is available
for the uses of the government, while the
second, arising from the issue of gold sill
Yer and currency certificates and United
States notes. tend to swell the assets IF
the treasury, but do not affect the availa-
Bile balance For the first Of these classes
the figures SHOW an excess Of SIS, 10000 of
expenditures over revenues in 1891, and
one of $21.0O)0DO In 1902 In the second
class there was an excess OF nearly $50.
OJ) 900 Of receipts in the former year, and
one Of SS0,0lO.O00 in the latter. As com.
pared with 1891 there was q
Saving of upward of sti, 100000
of interest, out Of which surplus was
realized, Notwithstanding the cutting
down of the revenues by legislation.
Analysing the true condition Of the
treasury. and setting aside the trust fund,
the treasurer shows that there was
working balance of cash and deposits in
banks amounting TO S207 no. 452 at the be.
Ginning of The. wear. and of SlG5.1IS 151 at
tLe end OrtIc former amount s119 600.
0ol. and of the latter sl14. 500. 900 was gold
| The success whfc', has attended the efforts
of the danartnrnt 10 maintain n strouo
cold reserve i, considered satisfactory. in
| vi.,y of tbn boavvjisbursamnn+s
The amount of the public debt IS civen
as 81 q45 So6. 5g1. on lime 20. 1891. and 81.
5s9 AGA. IA ON June 20 1Sg9 The loans
| resting ON the credit of the United States
were cut doyv1.fronl 81 COS S0jis0 to SglN. .
! e1S. SO. while those secured bv full de-
| nosita in tha t,eos,,,.y incrcasel from so =
1q0o31 to $500 ol59ol There WAS a graft.
fviu ., ir,u,oyou,n, in the condition of the
debt. urolured by ne reduction of the in
forest -baariu. loans. tbe conversion Of
naturrd bonds into others navable Mt the
outiou of he secretary Of the treasury and
the CNtiurt ion Of cons D-iipr1nlp mart of
loans n,yuhIo ON domnnd The total net
rcluction of S}1 5;~ 20 i'm these items WAS
effected L, tbo onpIicotion of the surolu4
rrvpuire, of the ypa~. amounting TO nearly
SIoGJOlI. torrti.pr with 1,n,yards Of So
ODo OoO tol..u from he cash n the trea.1Iry
Nrro1tiuu to tn. revised estimates the
-., s,.,- ~ ,,.
ot an KINDS III the country on June 81 was
80 t,''"L"f'' an increase III Tue year o.
$l1lWpOph
l'y cllmlnatlnG that part OF the pape'
currency Wn'ch Is purely r'Pr'SehtatlNe,
consisting ol ctI'l"C''cs % "cPo9'c am,
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tolu II, -, '''[ = nool',,,t
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: w,,, ,,,,o-
or tb. a,,grecare stock Of money at the
eul of thp fiscal wear. si7l 2if9 3l3 was in
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last ten there mas occUfreu III the 'noItl
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