Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1892-12-03
The TREASURY.

Report - The surplus Reduced - Do
creased Reccipts--An Increase In tho
Public Debt--Estimato of tho Money In
the Country.
WASHINGTON, Nov. 2s.-Thc treas
urer of the United States, Hon. Il. ii.
Nebeker, has submitted to Secretary
Charles Foster the annual report on
the operations and condition of the
treasury:
The net ordinary revenues OF the government
for the fiscal year were 5i93I7S4, II decrease
of t31 1850 as compared with the year before.
The net ordinary expenditures were s3i5, $3.50,
decrease OF $40, 1884. The surplus revenues
were thus cut down from S3Ia30, ,T62 to S9,9l4,-
a53 including the public debt The total re-
ceipts for the year were S736 40l, ,206 and the
pcnditureS S83i, ,019 $50,
Considered with respect TO the effects upon
the treasury the rcseipts were divided into two
general classes, OF which the frst comprising
the ordinary revenues the receipts from loans
and the deposits for the retirement of national
bank notes. the cash available: while the sec
ord, arising from the issue of sold, 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 tho
figures show an excess Of SSS 100000 of ex-
penditures over revenues In 1901, and one OF
upward Of S27, 900 in 1892. In the second
class there was an excess OF nearly s69C00,O0O
OF receipts in the former year, and one Of $780,
100000 in the latter. AS compared with 1891
there was saving OF upward of S1i,OO000O OF
interest, out of which a surplus was realized
Notwithstanding the cutting down OF the reve-
nucs by legislation
On June 80, 1891, there stood charged to the
| treasury on the books of the register balance
| OF 1925, 80 332 Adding thereto the revenues
! Of the year from all sources gives total OF
81, ,462, ,6aSl 1913 to be accounted for. Out OF this
was disbursed by warrant total of S6Si0la,-
| 2s9, leaving balance OF S77S, ,60i $50 charged
| TO the treasurer on June 80, 1892. In addition
| there were other liabilities arising from the
postal revenues, from the deposits to the
| credit of disbursing officers from the 5 per
| cent. fund for tho redemption Of national bank
notes and from various other sources. These,
| with sums of money collected but not yet
| charged to the treasurer on the books Of the
| department, brought the total liabilities up to
t77Ts5i 9i5 at the former date and to sSl5 63, ,6S
| at the latter.
| Analysing the true condition of the treasury
| and setting aside the trust funds the treasurer
| shows that there was working balance OF
| cash and deposits in bank amounting to S207,-
| l10,45l Mt the beginning OF the year and to
| sl65,7lS,l5O at the end. or the former
amount Sll9,00o,OO0 and of the latter
| ll45OO,OCO was gold. Thc success
| which has attended the efforts of the depart
| ment to maintain strong gold reserve is con-
| sidered satisfactory in view Of the heavy dis
| bursements. The amount of the public debt is
given as $i,5i5,996,59i on June 30, 1891,
and H,5ss4et,lA on June so' 1892
The loans resting on the credit Of
from 81 ,OV5, ,sO6 $50 to s96S 2ls,si0 while those
secured by full deposits in the treasury in.
creased from $40 l60,03l to Scoops, ,30i. There
was gratifying improvement in the condition
of the debt produced by the reduc.
tion Of the interest-bearing loans the
conversion of matured bonds into
others payable ut the option of the
secretary of the treasury, and the extinc-
tion of a considerable part OF loans payable on
demand. The total net reduction of s37, ,5S7 7l9
in these items was effected by the application
OF the surplus revenues of the year, amounting
TO nearly s0.000000, together with upward of
&27 ,000,000 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 80 was S., ,31l, 049, an increase of $780,
600 900 in the year BY eliminating that part
of the paper currency which is purely repre-
sentative, consisting Of certificates of de-
posites and treasury notes, the effective
stock is found to have beeen sl,753'
s53,745 an increase OF s70,0O0,OOO. The
monetary history of the last year, however
has been peculiar. both in movement Of gold
which has been increased, and in the other
changes that commonly occur with the other
changes OF the season, but have this year been
less marked. The increase Of the effective
stock Of money from September to September
, was only $50 100000
Figures are given to show that each year
during the last ten there has occurred in the
month of January more or less considerable
diminution of the gold reserve OF the treasury
: averaging nearly Sl0,0OO,000, which has beer
, succeeded in February by tendency toward
recovery. 1t is shown that the gair
has occurred yearly in the face of {
gain of gold both to the treasury
and to the country. 1t thus appears that thu
depletion of the reserve is in consequence o
the increase OF the circulation of gold certiA
} Gates, and this, 1t is shown, grows out o
the difficulties which the treasury en-
counters in the return OF the note!
and silver certificates OF small denomi
: nations which were sent out in thu
, | autumn for moving the crops. The movernen
set in strong after the LIST of January through
the sub-treasuries whence the notes, ben
more or less worn and OF denominations VI
S suited to city use, are sent TO washington
s for redemption. The shipment, redcmp
n ton and destruction of the old note
and the issue OF new lake time, Before tn
treasury can make the conversion the sui
!, treasures are drained and the treasury ha
. nothing but gold certificates to send them. L
this way gold reserve suffers until q workin
balance of other material can be got together.
Q The issues of United States paper currenc
n amounted to s316. 5S2, exceeding those Of an
y previous year. or the whole amount s29S 900
!, OOO took the place Of like kinds ana amount
IA DESTROYED while S7S,0O0,000 consisted of fres
was an increase of upward OF 37,0OOOC
in the denominations Of SEQ and under outstant
ing and during the last six months q
II increase of S36,C0J,000 in the denominations
$50 and over The treasurer remarks that
:, would seem to be the proper policy to max
provision for the periodic changes which al
s pear to be natural, both in the amounts and tn
}, denominations of the paper currency require
!, by the people
>, Partly in consequence of the improved col
IL dition of the coins themselves and partly q
l. the result of n more liberal plan of distrib'
ton, the treasury between June 30, 1891, 10 SCI
a lember 80, 1892, reduced the holdings of ira
tional silver by no less than 500 0o00oO A sti
further reduction is expected to be realize
s in consequence OF the recoinage proposed II
D. the remainder OF the current year and in pa
~ ticular from the manufacture of the Columbia
:, half dollars. .o -
u There was an increase of over S2O,OOO,0
10 during the year In the amount OF United STAT
N bonds held for tho security Of national bar
circulation and decrease of Slo.G0O,0)O in Il
e' amount held rs security for public deposit
lG | A Nd of wa mad