The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1892-12-02
TREAsURER's REPORT.
lie shows the Monetary History Of the
United states for Isgg.

tinted states Tor is'Es
wAsnISoroy, Nov. 2s. 90 The treasurer
OF the United States, Mr.. T. n. Nebeker,
has submitted his annual report f0r the
year ended June 80, 1904 The net 0rii.
nary revenues of the government Tor
the fiscal year were t35l, eS5, 7s4 a dc.
crease OF sS7. GA, COS as compared with
the year before. The net Ordinary eN.
penditurcs were t3t5, 02s, $50, a decrease
of sl0, $40, "a The surplus revenues
were thus cut down from t3T, $50 60. 20
~. eI4. iSS
Including the public debt the total re-
ceip,s for the year were $50, 40. e9i. and
the expenditures t6st, oiq.esq Com
sidered with respect TO the effect upon
the treasury, the receipts are d.
vided into two general Glasses OF
which the first, comprising the
ordinary revenues the receipts
from loan aud the deposit Cor the
retirement of national bank notes
increase for the time the cash available
Tor the uses OF the gUyefS1.s..r ssss.ss
the second. arising from the issue u
gold, silver and currency certificatcS
United States notes and treasury notes
tend 10 swell the assets Of the treasury.
bu, do not affect the available balance.
For the trst Of these classes the fig
ures show an excess Of tsS, GOO 900 Of ex-
penditures over revenues In sol, and
one OF upwards Of OF, 900, 900 in 1894
In the second class there was an excess
Of nearly coo, 900, 600 Of receipts in tho
former year and one Of ESQ, 00o, 900 in the
latter.
As compared with 1891 there was a
saving Of upward Of 81, 200, 600 OF inter
est out of which surplus was real
iEcd. Notwithstanding the cutting down
Of the revenues by legislation. Analyz-
ing the true condition OF the treasury
and setting aside the trust funds, the
treasurer shows that there was work.
ing balance OF cash and deposits in
banks amounting 20 s201, l0,i5s at the
beginning Of the year, and to sl6S, 49,
ISL at the end. OF the former amount
sli9. 600, 0O0, and OF the latter sll4, 500
was gold
The success which has attended the
efforts of the department 10 maintain a
strong gold reserve is considered salts
factory, in view Of the heavy disburse-
ments The amount Of the public debt
is given as sl.Si5, 800, 5el on June 80,
1891, and 81 ,5ss, i04, LA on June 80, 1892.
The loans resting on the credit Of the
United states were cut down from ST.
COS. SOD. 500 to sa6S. els $40 while those
secured by full deposits in the treasury
increased from $40, 1900 20 $50, 245,-
800.
There was n gratifying improvement
ia the condition OF the debt produced
by the reduction OF the Understanding
loans, the conversion OF matured bonds
into others payable NJ the option OF tho
secretary Of the treasury, and the ex.
tinction OF n considerable part Of the
loans payable on demand. The total
net reduction Of esq. 5s7, 100 in these two
TENS was effected by the application Of
surplus revenues of the year. amount
ing to nearly SO, 900. 900. together with
upwards OF t27. o0o. 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 30 was t2,374 S3l, o4p,
an increase OF $3.50, 900, 900 in the year.
by eliminating that part of the paper
currency which is purely representative,
consisting of certificates of deposit and
treasury notes, the effective stock Is
found to have been $l,75S, 953, 75i, an in.
crease OF $40, 900, 900.