People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1892-12-02
THE CASH BOX.
Annual Report Of United States
Treasurer Nebeker.
Decrease In the Net Revenues and Expend-
itures of the Government-The Sur
plus Less Than $40. 900
The National Debt.
Treasurer's Report.

has submitted his annual report for the
year ended June so, 1892. The net or
binary revenues of the government for
the fiscal year were 1854, 937, 7S4, a de-
crease Of sS7 ,674,6G3 as compared with
the year before The net ordinary ex-
penditures were sS45, O2S, $50, a decrease
of $40, S49, S54. The surplus revenues
were thus cut down from $50, 2S9, 100 TO
s9,9l4, 1853 Including the public debt
the total receipts for the year were
1886, 4O1, 296 and the expenditures 1884,
el9, 2S9
Considered with respect to the effect
upon the treasury, the receipts are d.
vided into two general classes, of which
the first, comprising the ordinary reve-
nues, 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 SIS, 900, 900
of expenditures over revenues in 1891,
and one of upwards of S27,0OO,OOO in
1S9. In the second class there was an
excess of nearly 500, 900 ,of receipts
in the former year and one of $50, 900, 900
IN the latter. As compared with 1891
thel was a saving of upward of s14,-
900, 900 Of interest, out Of which a sur
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
was working balance of cash and de-
posts in banks amounting to $9O7, no.
452 at the beginning of the year and to
Sl65, us, 15l at the end. Of the former
amount sl19,OOO,OO and of the latter
sl14,5OO,0OO was gold, The success
which has attended the efforts of the
department to maintain a strong gold
reserve is considered satisfactory, in
view of the heavy disbursements. The
amount of the public debt is given at
S1,54j, 996, 591 on June 80, 1891, and
Sl,5SS, 464, IA on June 80, 1892.
The loans resting on the credit of the
United States were cut down from ST.
OOj, SO6,56G to S96S, DIS, $40, while those
secured by full deposits in the treasury
increased from $40, 100, O31 to 500, 945,-
SO4 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 a considerable
part Of the loans payable on demand.
The total net reduction of So, 5S7, 40 in
these items was effected by the applica-
! ton of the surplus revenues of the year,
amounting to nearly $4,000, 900, to-
gether with upward of S27, 900, 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 so, was S2,374, 494, =
D49, an increase of $50, 900 in the
gear. BY eliminating that part of the
Qaper currency which is purely repre-
sentative, consisting of certificates of
deposit and treasury notes, the effect
We stock is found to have been 81, 15S,-
1918, an increase of $4,000, 900.
The monetary history of the past
year, however, has been peculiar, both
N 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, 600, OO0
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 S17,OOO,OOO of gold in ex-
cess Of the industrial consumption, a
fresh issue of S5,OOO,OOO 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 s771, 252, 3i3
was in the treasury and minis, leaving
sl,6OS, 0Sl, 7S6 in the hands of the people.
The holdings of the treasury increased
s5O,OOO,OOO and the amount in circula-
ton slOO, 600, 900 during the year.
Satisfactory changes have been ef-
fected in the condition of the fractional
silver coinage through the liberal ap-
preparations Of the past two years for
this purpose. There has been a slight
decrease in the amounts of counterfeit
silver coins and paper currency pre-
scented at the treasury Offices.
The shipments of United States paper
currency amounted to 1916, 7s6, 5SS. 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 1921, 1000 in 1865. OF the
whole amount S29S,OOO,OOO took the
place Of like kinds and amounts des-
troyed, while $4,000, 900 consisted of
fresh issues
There was an increase of 5000. 900 in
the amount of United States honds bald