The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1892-12-01
TREAsURER's REPORT.

He Shows the Monetary History OF the
United State. for 1902.
WASHINGTON, Nov. 2a- The treasurer
Of the United States, Mr.. E. b. Nebeker,
has submitted his annual report for the
year ended June so, 1892. The net ordi-
nary revenues OF the government for
the fiscal year were 1854, ,037, 7s4, de-
crease Of Ss7, ,674, ,e83 as compared with
the year before. The net ordinary ex-
penditures were s345, o23, $50, decrease
Of $lo,S4o,4 ,444 The surplus revenues
wers thus cut down from S87, 23e, 762 to
$3,e14,4o2
Including the public debt the total re-
ceipta for the year were $50, 4o1. 29e, and
the expenditures ses4, 4,o1e, $50. Con-
sidered with respect to the effect upon
the treasury, the receipts are di-
vided . into two general classes, of
which the first, comprising the
ordinary revenues, the receipts
from loan and the deposit for the
retirement of national bank notes
increase for the time the cash available
for the uses of the government. while
the second. arising from the issue of
gold, silver and currency certificates,
tend to swell the assets Of the treasury.
but do not affect the available balance.
For the first of these classes the fig
ures show an excess of $S8, ,000, 900 of ex-
penditures over revenues in 1891, and
one of upwards Of s27, ,000, 600 in ls92.
In the second class there was an excess
Of nearly 500, o00. 600 of receipts In the
former year and one Of $50, 600, 900 in the
latter.
As compared with 1891 there was q
saving Of upward Of 81, ,0oo, 900 of inter-
est, ont of whichea surplus was real
lied. 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 a work.
ing balance of cash and deposits in
banks amounting to $2o7, ITO, 452 at the
beginning of the year, and to $165, 71s,-
15i at the end OF the former amount
s1l9, ooc, 900, and OF the latter $ll4, 500
was gold
The success which has attended the
efforts Of tho department TO maintain .
stroag gold reserve IN considered satis-
factory. In Wow ofsthe heavy disburse-
nzstats. The amount Of the public debt
IL given As S1,Sl5. So6, ,Soi on june 80,
1891, and 81, see. <64. ia ON June 80, 1909.
The loans resting On the credit of the
United States were cut down from ST.
eoS, zoe. SEQ to soes, 21s,sao while those
secured by fill deposits In the treasury
increased from $40, loo, ,0si to $500. .245,
s04.
There was gratifying improvement
in the condition OF the debt. produced
by the reduction Of the interest bearing
loans, the conversion OF matured bonds
into others payable at the option of the
secretary Of the treasury, and the ex-
tinction of considerable part of the
loans payable on demand. The total
net reduction of $37. 5s7, 72o in these two
tems was effected by tho application of
surplus revenues Of the year. amount
ing to nearly $40, ,oo0. 600, together with
upwards OF sc7, ,oo0, 900 taaren from the
cash IN the treasury.
According to the revised estimates the
total stock Of money OF aA kinds In the
country on june 80 was e2,sT4, ,ss4, ,o49,
an increase Of $3.50, 900, 00o in the year.
By eliminating that part Of the paper
currency which IL purely representative,
consulting Of certificates Of dsposit and
treasury notes, the effective stock l.
found to have been q, 7ss, oSs,7s4, an in.
crease of s70. .0oo. 600.
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