The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-11-28
The Treasurer Of the United States
Tells the People Where
They Are at.
Extracts From tho Report OF the
Comptroller OF the
Currency.
He Favors tho National Banking system
and Strongly Opposes Letting tho
states Take Hand.

WAsHINGToN, Nov. X.--The treasurer Of
the United States has submitted his annual
report. II shows that the net ordinary
revenues of the government for the fiscal
year were $354. 337, 7Sf, Il decrease of $37,-
GH,63 The net ordinary expenditures
we're S34J, 023, $50, decrease Of $l0,3i9,354.
The surplus revenues were thus cut down
1894, 453. including the public debt. The
total receipts for the year were $73G, 401, ,296,
and the expenditures 1884 Ol9. .289. Tho
receipts are divided into two general
classes. The first comprising the ordi-
mary revenues, the receipts from loans and
the deposits for the retirement of the ma
tional bank notes, showed an increase for
the time the second arising from the issue
of gold silver and currency certificates.
United States notes aud treasury notes tend
to swell the assets of the treasury. but do
not affect the available balance. The first
figures chow an excess OF 1898. 100000 in ex-
penditures over revenues in 1891 and up
wards OF $25, 100000 in 1899; the second
| shows an excess Of nearly 1863. 100000 over
receipts in the TO mer year and over
$8000O,000 in the latter. Compared
with 1891 there was n saving of upwards of
SH 900 interest. out of which a surplus
Was realized, Notwithstanding the cutting
down of revenues by legislation. On June
3d. 1891, there stood charged to the treas
ury on the books Of the register balance
of $726. 222 332; adding thereto the revenues
of the year from all sources gives total of
81, 462. .G2S, ,623 to be accounted for. Out of
this there was disbursed 1864, 019, 2S3, leav-
ing balance of S77860 ,339 on June 30,
1892. The cash in the treasury increased
from $50. 19o031 to $500. 245.3H. There
was gratifying improvement in the con-
dition of the debt, produced by the reduc-
tion OF the inte .est-bearing loans, the con-
version of matured bonds into others pay
able at option, and the extinction Of con-
siderable part of the loans payable on de-
mand. Total net reductions of 1877. .587. .719
in items were effected by the application of
the surplus revenues of the year amounting
| to nearly S10,0 100000, together with upwards
of $27. 900 600 taken from the cash in the
! treasury.
According to revised estimates. the total
stock of money of all kinds in the country
on June 30. was $2,374. 049, an increase
of $50 600, 600 in tho year. BY eliminating
that part of the paper currency which is
| purely representative the effective stock is
found to have been 81, 1853 953. 745, an in
crease of S70,000,000. Discussing the
changes in the amount and composition of
the money stock, the treasurer finds the
increase the result. of the product of nearly
$4,000. 900 gold IN excess of industrial con-
| sumption, fresh issues of $5000,0O0 ma
tional bank notes, together with changes in
the stock of silver. OF the aggregate sto ok
of money at the end of the fiscal year.
$771. .252 2l3 was in the treasury and the
mints, leaving 81 SOB .0Sl. 1856 in the hands
| of the people. The holdings of the treas
nry increased $50000,000 and the
amount in circulation $100 600
during the yea-. The issues of United
States paper currency amounted to $780,
year. OF the amount $29S. 900 600 took the
place of like kinds, while $7S000,000 con-
sisted of fresh issues.
Partly i'll consequence of the improved
condition of the coins themselves and part
lv as results of more liberal plan of dis
| tribution the treasury. between June 30
| 1891 and Sept. 30, 1892. reduced the ho.d-
| iuQs of fractional silver by no less than
| 800, 900 600. Still further reductions are
expected III consequence OF the recoinage
proposed for the remainder Of the current
yea.
There was an increase of over $50 000. 600
during the year in the amount Of United
States bonds held for security for national
bank circulation and n decrease of $40. 0O0.-
900 in the amount held as security for pub
lie deposits. total addition of $l.664, 600
WAS haoe W Lue pax saiue "a tue socufleien
composing the Pacific railroad sinking
fund. These, together with the sums Of
money collected but not yet charged to the
easurer. brought the total liabilities to
$S77 SG4 ,9i5 at the former date, and SSl5.-
63l, 63S at the latter. Analyzing tho true
condition of the t 'easury and setting aside
the trust funds, the treasurer shows n
working balance of cast and deposits
amounting to S207. 40. 45l at the beginning
of the year and $lG5. as $50 at the end.
OF the former amount Sll9.0o00 600 and of
the latter STA 100000 was gold.
The amount of the public debt is given at
81, 545 996. o9l on June 80, 1891, and 81 ,5Ss,-
AGA, IA on Juno 30 1892. Loans resting on
the c edit of the United States were cut
down from $l.005, SO6 $50 to S96S. 2lS. $40.
while those were ed by full del osits.
In proportion to the volume of national
bank notes i'll circulation the Iedemptions
continue heavy, having amounted to up
r. ID n sSil LaAl AlAi ~ La .Ssal