Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1892-12-01
THE NATIONAL TREASURY.
Nebeker's Kepor. of the Fund. and Cur

NeDeker's Report Oh the unds and Cur
rency.
WASHINGTON, Nov. 2S.-The treasurer
of the United States, Mr.. E. II. Nebeker,
has submitted his annual report for the
year ended j ne so, 1892. The net or
binary revenues of the government for
the fiscal year were 1854, 937, 7S4, a de-
crease of s31, 674, 66S as compared with
the year before. The net ordinary ex-
penditures We're sS45, 02S, $50, a decrease
of $40. $40, 354. The surplus revenues
were thus cut down from So, 239, 762 to
s., 914, 453. Including the public debt,
the total receipts for the year were
Sz36. 4O1, 296 and the expenditures 1884,
O19, 2S9
Considered with respect to the effect
upon the treasury, the receipts are di-
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
the figures show an excess of SSS 900, 600
of expenditures over revenues in 1891,
and one of upwards of s27, coo, 600 in
1892. In the second class there was an
excess of nearly 500, 900, 900 of receipts
in the former year and one of $50, 000 900
in the latter. AS compared with 1891
there was a saw ing of upward of S14,-
| 600, 900 of interest, out of which 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-
posits in banks amounting to $207, no.
452 at the beginning of the year and to
| S165, IT'S, Isl at the end. Of the former
amount S119, O0O, 600 and of the latter
STA, 500. 900 was gold, The success
which has attended the efforts of the
department to maintain strong gold
reserve is considered satisfactory, in
view of the heavy disbursements. The
amount of the public debt is given at
| 81, 545. 996, SCI on June 80, 1891, and
81, 1888, 464, IA on June so, 1892.
The loans resting on the credit of the
! United States were cut down from ST.
| COS, SOC, 56G to 1868, 21S, $40, while those
| secured by full deposits in the treasury
| increased from $40, 100, OBJ to $500, 245,-
3O4 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 considera BILE
part of the loans payabl ON demand.
- -,
these items was effected by the applica-
| ton of the surplus revenues of the year,
amounting to nearly SO, O0O O00 to-
gether with upward of S21, 600, 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 80, was 81, 374, 434.
O49, an increase of $3.50, 900, 900 in the
year. By eliminating that part of the
paper currency which is purely repre-
sentative, consisting of certificates of
| deposit and treasury notes, the effect
| i've stock is found to have been 81, 753,-
| 953, 745, an increase of $40. ZOO, 900.
| The monetary history of the past
year, however, has been peculiar, both
| in 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, 000, 000
| 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,o0o,O0O of gold in ex-
cess of the industrial consumption, a
fresh issue of 81, 600, 900 of national
bank notes, together with the changes
| in the stock of silver. The gold eX-
| ported between January and Septemb Der
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 S7T1, 90, Si3
was in the treasury and minis. leaving
81, GO3, 0sI 736 in the hands of the people.
The holdings of the treasury increased
$50, 600, 600 and the amount in circula-
| ton 500, OGO, 900 during the year.
Satisfactory changes have been eff
!
silver coinage through the liberal ap-
preparations of the past two years for
| this purpose. There has been slight
! decrease in the amounts of counterfeit
silver coins and paper currency pre-
sented at the treasury Offices.
| There was an increase oe 5000, GOO in
| the amount of United States bonds held
for the security of national bank cir
| culation and a decrease of $40. GG0, 900
in the amounts held for the security of
national bank circulation. and de-
crease OF $4,000, 00O in tie amounts
held as security for public deposits. A
total addition of 81, Cos, 0G0 was made to
| the par value of the securities compos-
| ing the Pacific railroad sinking funds
| In proportion TO the volume OF national
| bank notes in circulation the redemp-
tions continue heavy, having amounted
| to upward of SOS, 900, 900 III the fiscal
year.
The shipments of United States paper
currency amounted to 1916, 126, $50, ex-
ceeding those Of any previous year. The
nearest approach to this total was $780,
600, 600 In the year before. and the next
nearest s291 200, 900 III 1853 OF the