The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1892-12-01

eubllo llohf- - - ~ - = 3.
t6o S1oantyy.
sSs - -. 8. =,
IA re y. - ho ttoee-
s0rer 81 tue limited States, Hon.. e. H.
Gebeker, has submitted "a Secretary
Charles Foster Che annual r.r.,,t Is,
~ 80. "a ..a,., e : - z
'-s,A sa0
1919 ,ss
e - = revenues @ tno government
~ ~. 49, 49, WeIo 80 decrease
~ ~ s0o yeaI ooIoEo
49, = s.. 81 Is wcle sSso
49, 49, =. INC -. surplns revenues
49,. .ue s10m - 70 1v0l1.-
- ~ - p0pnc. oeok Inc total re-
~ ~ "a. ~. ~ stSo ana the e.
p s1u.suss. s.e sl...s,
~ AZ tesPecy " tno e1ecU upon
sn1 syssne rece1pts Ne1e divided into two
snsaaa saasses. oI- wnicn me aTst comprising
Ioo o!uansFy revenues. the receipts from loans
Ing me aslrslts lor the retirement Of national
ueaA .no casn .salis wnlie the Sec
~. al1slns .Iom mo issue OF gold, silver and
cuiEency ceIuncaieS. United States 9otes and
treasury notes. tend 70 sweil the assets Of
VI tsesury ons 90 NOT aneet the available
! Dalanoe. Fof tne nrst Of these classes the
& .uon sn eAscas u sae.oOuV OF Ok
:. sy g.. ~ iesI, ana ono OF
49, .. =. an INC seeono
~ .eca;,,,s =. ~ s1.ess % nealiy ~
30. HSno 1ns
,nere vas av;ns - - =, ~ ~ nes =,
interest out :, 1h;ch s,,r,s ,sas ssaM.e ~
-, rtth.. nSna ~ a.,..s s Wa .ee..ea
80. ~. suo Suss4uS uoWn VI ING seve-
~, I'M es 81 s. ss sv1 49,. ....-..
s.s - ~ .ns!o cnaEseo 70 sne
a. s7 - ADM - , .v ,a Ua,anee
:, .ha 49,. -, .nsloD .no 'esouues
:, tcs eSs ,sa =. - ~ o.n.ss o.a ~. =.
.s 70 sccountea lot ous o. en,s
~ -. - eos ~. ~ soo''oAs
81. g -. nnvns Dalance OF s1' .a charged
.a suo On June ~ 'oss AZ aooinon
,s.e, Sae' 1.aD..As.va asis1ny lrvm tae
aSass. unu. :, .1Ioaa .ne leposlss 70 the
cent fnd so ,ha ss $. VIZ u.
nn,s. ara ,ro,,, uor,o,,a a,no. - n SsnA
,ith s',,ns ~ ,nansn ooiieo,sS rs. .se:
cho~rad e ~ .-aas,,-.s -, - n"at, ~ -
denartmen, n,oncht re .o,a, r;,.t. " we
as1- asa OK a, ,ra 1or,a Al :. "a -. eo,E ~, aeo
NJ he later S .'s' - = '..A - 'o'''''ss''
and .ai,,nr a.ide ,ha ,rns, sunds ths .ss.."..,
ahows that there IN. roriI NJ ha,onos ~
cash ana 1eros;,s ~ hon,, "r,nnatt,n ~ soo. ~
tn *, =, ~. hos..a.;.a to- - ., ~ 800,
fias s,s ,so =. III 60 ~ s H. sno w
.n,"'", e,,o ~ noo cnu s -. ~ .re tumel
III eco no en~ VI n0 lst'el
-h;"S 49, -. eo uo euoeeeS
ran+ -. .eat".";a snu a,s ~, eno
s1dareS .a,;sr".n. 80 so y. .ss VS.. 70 e s,n
hmrsa,a".s M. ~ =. ~. ~. .uo ,.easy uis.
.,.s q. !. %. so, ~ 'no puoic eeos ~
snou !. 10 Zoo 10 On June ~ IeSl'
ana T%s ,eans 4e4 .aa.,,. on June me &c. 1892
~ r ,yeus 11sns VI tne cIo"t Oh
~ =, ~ o. 80 oNs 5000 o Wei TO-, GUY GOWN
.on, ~ ..'H W e."o1.e'ep, wn1te NOSE
s.ea.es ~ s..o ,ea oo. .con o g.. teasury la
go ~, . .oo ~ Sos,,S1'oos liners
~ 10 Az. nrpa""ad - ' NC. oonuauon
ttor -, ~ ,a+osos, n..; 'no feu NV
s s4vu y. TUG Understanding loans' inc
Soee'SAoAO0 70 A~suAON OOuuS 1ulO
s:o.o,o,.t ~. ~ ..a o ops,ou .ne
e ~. =. VIC sleasu'y. anu the exunc-
s" a y. 'T ns part VI icans Psyanle on
-. ,Snu Ane 'o'" net soaucuon Oh 90! :ooI,'S
-, .eso ..S,ns WAS eaeeteo oy !ne application
OF tne surplus revenues OF the year amounting
>~:'oooU 'aAen iom inc casn IN the treasury:
,s Sco.u'ns W we lTV,seu esnmates inc total
1.ooA =. " nloney .! III klnos IN the country on
Sune ~ "as @S'o@' an increase OF soJ,-
1890 y. 49, ~ 'ne Sear ny ehm,natlns 1nat part
e oa me paper currency wn'ch Is purely repre-
eonsuu'e Gons sung Vi cef''ncsteS OF oe-
poetsss s"u treasury notes. the" enecuve
oso ~ 'v , lave I'm o oee eo, ~''.US''
os.'.'.., ~ no. osso =" .'ovNo's ine
~" no ..o ".',: y, 'uo I"es Seat' however,
-aS 49, 80 oo.n IN ~ eu0us :" so4u'
~n'en uSe oeen 1nsfesseo' anu IN inc otnef
oaas .n ~, son' Ivy oe.us WIN tne o.ne1
| ouensos Va .nc s1as'n' ou' nave tnss year Deen
Nss nalkeu tue 'nctoase OF inc enecuve
euck ., eeo ~ nrsn september 70 sep'emce5
WAS oniy so"vVvU.
r,kuleS sto gwen 20 Snow 'nat eacn year
uu.ms .u1 7 100. "" 'ue'o nas oecuFreo IN tao
niontn .! january more OF less considerable
u1A'nutton VI VIC ko!u - se1sc VI inc treasury
ose'"s,ne nealy s'Voec'oVo' "nen nus oeen
euceee"eu Al eDruary W tendency toward
recovery. IL SHOWN mat Inc gain
mas occurred yearly IN Inc race OF
gam OF goa ooln 10 the treasury
anu 70 the country. ~ tnus appears that tho
uepietlon Oh .ne leserve - IN consequence OF
the increase OF Inc circulation OF gold certit-
cates' ana this, IT Is shown, grows out of
the olmcuIt'es Wnlcn the treasury en-
counters IN Inc return OF the notes
ana silver cernncates OF small denomt-
nat'ons wh1cn were sent out In the
autumn 1or moving the crops. The movement
set IN strong a1ter Inc LIST OF January through
the suc'treasurles whence the notes. being
more or less worn ana OF denominations IN
suited to city Use, are sent to Washington
for redemption. The shipment redemu-
ton and destruction OF the old notes
and the issue of new take time. Before tho
treasury can make tue conversion the sub
treasures are drained and the treasury has
nothing but gold certificates to send them. In
this way gold reserve suffers until q working
balance of other material can BE- got together.
The issues of United States paper currency
amounted to 1916 ia. ;S2, exec eding those of any
previous year. Or the whole amount a29o OOO-
600 took the place Of like kinds ana amourts
destroyed, while rs 600 600 consisted Of frexa
issues. During the first six months there
was an increase of upward OF 81. 100000
In 40 fiona NJ ,,udor