The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1892-11-28
WEALTH OF The NATION
Interesting Things In tho Report Of The
Secretary Of the Treasury.
THE MONEY IN CIRCULATION
Receipts and Disbursements OF the
Government the Past Fiscal
Year-Coid and Silver
Coins.


WARRINGTON, Nov. 27.-The treasurer
OF the United States has submitted his
annual report. The net ordinary revenues
of the government for the fiscal year were
S354, ,937 ,7S4, decrease Of $37 ,674 .O63; the
net ordinary expenditures, SsA5, ,O23, $50, q
decrease of SIC, ,3i9, ,354. Tho surpi,,s rev.
enues arc thus cut down to $99ii,l53, In
Guiding the public debt, the total receipts
for the year are S73s, 4Ol ,296, and expcndi-
lures 1854 ,019, ,289. Receipts arc divided in
two general classes; tho first comprising
the ordinary revenues, reccipts from
loans and deposits for the retirement of
national bank notes, which increase for
the time tho cnsh available; the second.
arising from the issue of gold, silver and
currency certificates, United States notes
and treasury notes, which tend 10 swcil
tho assets of tho treasury. hut do not
affect the available balance. For the n rst
the figures show an excess of sss 600
expenditures over revenues In 1891. and
upwards of ser, 600 600 In 1892. In the Sec
ond, tho excess is nearly 500 900 900 of the
receipts in the former year and SlsO. 900
in the latter. comparctl v ith 1891. n saving
of UPWARDS of Sli. GOO. eco. tho intcrcst ont
of which the surplus in realized uo,with-
standing the cutting down of the revenues
by legislation. On Juno 20. 1891. there
stood charged TO the treasury ON the hooks
of the register a balance of $40. oo2 SD
Adding thereto the revenues of the year
from oil sources. gives a total of a .4s2.-
62s623 TO be accounted for. Out of tins
was disbursed a total S6s4 .Ol9. os9. leaving
n hainnce of s77s.GO4, ,Ss9 June 30, 1892.
in addition to other liabilities arising from
various sources. These, together with the
sums of money collected but not vet
charged to the treasurer, brought the total
liabilities to Ss77 .s6i ,aa5 at the former datc
and ssi5, ,63l .63s at the latter. Analyxing
the true condition of the treasury and set
ting aside trust funds, the treasurer shows
a working balance of cash and deposits
amounting 10 S3O7. .7is. .45i mt the beginning
of the year and $165, ,7ls, ,l5O at the end. OF
the former. the amount was sila.oOO,OOO
and of the latter. STA. 800 900 in gold.
The amount of the public debt is given
at 81 .5i5. .996. .59l on June 30. 1891, and mt
81. .5ss, ,i6i .144 on June 30. 1892. Tho loans
resting on the credit of the United States
werc cut down from SlO5 .SO6, ,56O TO S96,-
S2l .eSi. while those secured by full depos-
it's IN tho treasury were increased from
$40. 1901 OBJ to SG20. .245, ,3O4. The gratifying
improvement in the condition OF the debt
has been produced by q reduction Of in
tcrcs ,-bcaring loans, tho conversion of
matured bonds into others payable Mt
option, and the extinction Of a consider
able part of the loans payable on demand.
There was a total net reduction of S37 $751;
713 in items effected by the application of
surplus revenues lu ring the year, amount-
ing to nearly slO,OOO.OOO. together with up
wards Of s27 10000 taken from tho cash
In the treasury.
1oAccording to revised estimates the total
stock of money Of all kinds In the country
on June 30 was S22.37i ,:334 ,Ola, an increase
of 5000. 600 in the year. BY eliminating
part of the paper currency which was
purely representative, the effective stock
was found to have been Si,153, ,9S3, ,1s5, an
increase of S1O,OOO,OOO
In this discussion Of tho changes In the
amount and composition of tho money
stock, the treasurer finds an increase. tho
result of the product being nearly si7 .OOO.-
coo in gold i'm excess of the ipdust rinl con-
sumption of fresh issue of s5.OO0.OOO In
national bank notes, together with the
changes in the stock of silver. or tho
aggregate stock OF money ut tho
end Of the fiscal year, thcrc In
sT1l .252.3l3 I'm tho treasury and mints.
leaving 81 Coz. ca .136 i'm the hands of the
people. The holdings of tho treasury are I'm.
creased $50, ,OOO, 900. and the amount In cir.
culation was SlOooOO.OOO, During tho
year the issues of United States papcr cur
rcncy amounted to s376, ,1oG ,bs3, cxceedinu
those of any previous years. or this
amount Sc9S, 900. 600 took the place of like