The record-union., 1892-11-28
Special TO the REcoRp-UN1ox.

Special 10 the EECORD-UNION.
WASHINGTON, Nov. 27.-The Treasurer
of the United States has submitted his
annual report. The net ordinary reve-
nues of the Government for the fiscal
year were S354. .937, 7S4. a decrease of S37,- =
GA 63. The net ordinary expenditures
were S345, ,023, $50, a decrease of SO, $40, ,354.
The surplus revenues are thus cut down
to S9,9l4, ,453, including the public debt.
The total receipts for the year were $780,
40l ,296, and the expenditures S694, ,0l9, ,2S9.
The receipts are divided into two gem
erai classes, the first comprising the ordi-
nary revenues, receipts from loans and
deposits for the retirement of the national
bank notes, increase for time, and cash
valuables; the second, arising from the
issue of gold, silver and currency certifi-
Gates, United States notes and treasury
notes tend to swell the assets Of the treas
ury, but do not affect the available bal
ance. For the first the figures show
an excess of So, 900, 600 expenditures over
the revenues in 1891, and upwards of S25,-
OuO,OU0 III 1892; in the second the excess is
nearly S09, 600 in the former year and
10000, 600 in the latter.
Compared with 1891 there has been a
saving of upward OF Sl4,000,0O interest,
out Of which a surplus was realized
Notwithstanding the cutting down of rev.
enues by legislation on June 30, 1891,
there stood charged to the Treasury
books a balance Of S726, Do, ,332. Adding
thereto the revenues of the year from all
sources gives a total of 81 ,462, ,62S, ,623 to be
accounted for. Out of this there was dis
Dursed a total Of SGS4,0l9,2 ,2SJ, leaving a
balance of S77S 604, ,339 on June So 1892, in
4sAT 10Th IL
various sources. These, together with
the sums Of money collected, but not yet
charged to the Treasurer, brought the
total liabilities to ST., ,S64, ,945 at the
former date and Sol5,63 ,63S at the latter
Analyzing the true condition of the
Treasury, and setting aside the trust
funds, the Treasurer shows a working
balance of cash and deposits amounting to
500 > ,ll0,45l at the beginning of the year,
and Sl65, us, $50 at the end Of the former.
The amount Of the public debt is given
at 81, ,549, 965,9l0 on june 30, 1891, and
81 ,5SS, ,4G4, IA on June 30, 1892. The loans
resting on the credit Of the United States
wero cut down from @L,OJ5 S06. 500 10
S9US, ,2lS, ,S42, while those secured by full
deposits in the Treasury increased from
S540 100, ,03l to S620 "a, ,3O4.
A gratifying improvement in the con-
dition Of the debt was produced bv a re-
ductiOn of the Understanding loans, a
conversion of matured bonds into others
payable at option and the extinction Of a
considerable part of the loans payable Oh
demand, total net reduction of 81 ,JS7,-
10 i'll items effected by application of the
surplus revenues of the year, amounting
to nearly SlO,000,0 900, together with up
ward Of 81, 100000 taken from,cash in the
Treasury.
According to revised estimates, the
total stock of money of all kinds in the
n+l, = sstl M
an increase OF $50 coo, 900 in the year. BY
eliminating part Of the paper currency,
which is purely representative, the effect
I've stock was found to have been 81, ,753,-
953, ,145, an increase OF S10.0O0.0 900.
In discussing the changes in the amount
and composition of the money stock, the
Treasurer finds an increase, as the result
of the product, of nearly Sl7.00O,00O in
gold in excess Of the industrial consump-
ton; fresh issue, S5,00O000; national
bank notes, together with the changes in
the stock OF silver, or an aggregate stock
of money at the end of the fiscal wear OF
S77l 81, ,3l3 in the Treasury and mints.
leaving Sl,GU3 ,0sl,7 736 in the hands Of the
people.
The holdings Of the Treasury increased
$4,000 900 and the amount in circulation
SlOO,OO0,000 during the year. The issues Of
United states paper currency amounted
to S376, 126,5S3, exceeding those of any
previous years. OF this amount S29S, ,O0O.-
coo took the place of like kinds, while
SIS, ,000, 900 consisted of fresh issues.
Partly in consequence Of the improved
condition of coins themselves, and partly
as the result of more liberal plan Of dis
tribution, the treasury, between June 80,
1891. and September 80, 1882, reduced the
holdings of fractional silver by no less
than 100000, 900. A still further reduc-
ton is expected in consequence Of the re-
coinage proposed for the remainder of
the current year.
There was an increase of over S20.O
0O0 during the year in the amount of
United States bonds held for security OF
national bank circulation, and decrease
of 500. 100000 in the amount held security
for public deposits. A total addition of
81 ,664 600 was made TO the par value Sc
curites composing the Pacific railroad
sinking funds.
In proportion to the volume of national
bank notes in circulation. redemptiOns
continue heavy, having amounted to up
ward Of So, ,OO0,O00 IN the fiscal year.
The Treasurer closed by calling atten-
ton to the labors OF the commission an
pointed to investigate the methods of safe
and vault construction, with a view to
improving the vault facilities Of the de-
partment. and urges that prompt steps be
taken to carry their suggestions into ef-
feet.