Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1892-12-01
TREASURY REPORT.
Nebeker Presents His Figures For
the Past Year.
TIE RECEIPTS AND EXPENDITURES.
Condition of the National Debt at Present
The Circulation and Its Peculiar
Features Issues Of
New Notes.

WASHINGTON, Nov 2s-The treasurer
Of the United States, Mr.. L. H. NebelSer,
has submitted his annual report for the
year ended June 80, 1892. The net or
binary revenues Of the government for
the fiscal year were 1854, 9S7, 7s4, q de-
crease Of t37, ,663 as compared with
the year before. The net ordinary ex-
penditures were e345, 023, $50, a decrease
of si0, 34g, 1854 The surplus revenues
were thus cut down from s37, 239, 1852 TO
t9,914, 453. Including the public debt,
the total receipts for the year were
1886, 40l, 900 and the expenditures 1884,
o1o,2s9.
Considered with respect 10 the effect
upon the treasury, the receipts are di-
vided into two general classes, of which
the first, comprising the ordinary reve-
MUGS, 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 sss, 000,0 900
of expenditures over revenues in 1891,
and one Of upwards of SCI, 1000, 900 in
1892. In the second class there was an
excess OF nearly 100000, 900 'of receipts
In the former year and one of $50, 600, 900
An the latter. As compared with 1891
there was a saving of upward Of t14,-
nft nt - t.yhfah attr-
plus was realized, Notwithstanding the
cutting down OF revenues by legislation.
Analysing the true condition Of the
treasury and setting aside the trust
funds, the treasurer shows that there
wns working balance of cash and de-
posts in banks amounting to 1907, no.
452 at the beginning of the year and to
tl65, 7ls, 15l at the end. OF the former
amount Sll0,000,000 and of the latter
t114, 100000 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
s1,545, zoe, SOL on June 80, 1891, and
t1,5ss, 464, LA on June 80, 1892.
The loans resting on the credit Of the
United States were cut down from tl,-
oo5, 800, $50 to s9os, 21s, $40, while those
secured by full deposits in the treasury
increased from $40, 100, 03l to 5000, 245,-
3O4 There was 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 payable at the
option of the secretary Of the treasury,
and the extinction Of u considerable
part Of the loans payable on demand
The total net reduction of t37, 5S7, TO in
these items was effected by the applica-
ton Of the surplus revenues Of the year,
amounting to nearly 100000 900. to-
gether with upward Of t27, o00, 900 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 81, 874, 434,-
049, an increase of $3.50, 1000, 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 l,753,-
p53,745, an increase Of $4,000, 000
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 Septem-
Der to September was only $50, OOO 900.
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 Sl7,0O0,OOO of gold in ex-
cess Of the Industrial consumption, q
fresh issue of q, 600, 900 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-treasury
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 ship
ments, mostly upon tenders OF United
States notes and treasury notes.
OF the aggregate stock OF money at
the end of the fiscal year t77l, 252, 3l3
was in the treasury and minis, leaving
81 ,6O3, Osl, 73G In the hands OF the people.
The holdings Of the treasury increased
$50, 10000 and the amount in circula-
ton 500, 900, 900 during the year.
The shipments Of United States paper
currency amounted TO 1870, 726, $50, ex-
ceeding those of any previous year. The
nearest approach TO this total was $780,
OOO 900 in the year before, and the next
nearest 1901 ,OO0,O 900 In 1868. OF the
whole amount secs, OOO, 900 took the
place of like kinds and amounts des
troyed, while t7s,OOO,OOO consisted Of
fresh issues
Satisfactory changes have been ef
fected in the condition Of the fractional
silver coinage through the liberal ap
preparations of the past two years foi
this purpose. There has been a slight
decrease in the amounts of counterfeit
silver coins and paper currency pre-
scented at the treasury offices.
There was an increase Of 5000, 900 In
the amount of United States bonds held
for the security of national bank cir
culation and a decrease Of $4,000, 00C
in the amounts held for the security o.
national bank circulation, and a do
crease of $4,000, 900 in the amount
held as security for public deposits A
total addition of 81, 66i, 900 was made u
the par value of the securities compos
inR ths Pacific railroad sinking funds