The state chronicle., 1892-11-29
THE NATIONAL CAPITAL.
ss. A1ssECgkElsa EHF.ASsREYs OF
VsEE UNITED STATES
Makes His Annual Report of the Ma.
l0nnl Ftnauces-The Public Debt
Decres.se Ia Ordinary Eieveu-
0t{sar g;i,ruros

becrea.e sn Ordinary Eieveu-
ues = Other Figures.
~ Telegraph to State Chronicle
WAsHINGToN, Nov. 2S.-The treas
uTer Of the United States, Mr. E II.
Neoecker, has submitted his annual re-
port ior the year ended June 30, 1892.
The net ordinary revenues of the gov
ernment for the fiscal year were $354,
937, 74S, a decrease of 937, 674, 664 as
compared with the year before. The
net ordinary expenditures were $345,-
023 $50, decrease of SO, $40, 354. The
surplus revenues were thus cut down
from S37, ,239, ,762 to $9,9l4, 454. In
Guiding the public debt, the total re-
cvlpts for the year were $736, 401 296,
and the expenditures 1854 019, 2S9.
Considered with respect to the effect
upon the treasury, the receipts are HI
vIded into two general classes, Of which
the first, composing the ordinary reve-
nues, the receipts from loans and de-
posts for the retire ment of national bank
notes, increase for the time the cash
available TOR the uses of the government,
while tae second, arising from the issue
OF gold, silver and currency certificates,
United States notes and treasury notes
ten0 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 eighty-eight millions
OF expenditures over revenues in 1891,
and one of upward Of twenty seven mil
lions in 1892
In the second class there was an ex
! cess OF nearly sixty nine millions of re-
ceipts in the former year and one Of
eighty millions in the latter. As com
! pared with 1891 there was a saving of
upwards Of fourteen millions of interest,
ont of which surplus was realized, not
witnstanding the cutting down of the
revenues by legislation Analysing the
tue condition Of the treasury and setting
aside the trust funds. the treasurer shows
that there was working balance of cash
ana deposits IN banks amounting to
$207, 1l0,452 at the beginning of the
year, and S165, ,71S, 151 at the end. OF
the former amount $i19, 900, 900, and of
the latter Sll4, 500, 900 was gold
The amount of the public debt is given
as 81. 545, 996, ,59l on June 30, 1891, and
81 5cS, AGA, IA on June 30, 1892 The
loaLs resting on the credit Of the Uniteo
States were cut down from 81 ,OO5 SOC,
$50 to $96S 2lS, $40. while those secured
by full deposits in the treasury increased
from S540, 1870, OBJ to 5000, 245, 3O4
There wss a gratifying Improvement il
the condition OF the debt, produced b,
the reduction ot ;he interest bearing
loans, the conversion ct insured bond
into others, payable at the option OF tn
, secretary Of the treasury, aud the extinc
ton of a consid cradle part o. the loan
payable On demand The total net re
duction OF $37, 597, 720 in these item
vas effected by the application Of tn
surplus revenues of the year, amountin,
! u nearly $40 600 O00 together with up
I ward OF ST O00, 0O0 taken from the cas-
. in the treasury.
: According to the revised estimates tn
) total stock OF money of all lands in th
4 country on June 30 was So, 374, 334 O4!
an increase OF 500 600, 600 in the yea
. BY eliminating that part Of the papj
! currency which is purely representativ,
Il consisting OF certificates OF deposit an
:. treasury notes. the effective stock
found to have beer Pl,753, 953, 745, 6
= increase q sc, coo, GOO TIE increase
the effective stock OF money from Sci
mber to September was only $50
. 600 000
I Discussing The charges in the amou
+ and composition Of the money stock Il
?, treasurer tiuds that the Increase whi(
,e marked the fiscal year was the result
:, the production of nearly SIT, 10000, 900
f gold in excess of the Industrial consum
Z ton, fresh issue 1000, 600 OF nation
u uank notes, together with the chang
81 in the stock Of silver.
J. OF the aggregate stock Of money at 4
OF end Of the year $771, 252, 313 was in t
treasury and mints, leaving 81, COB, 0S1
736 in the hands Of the people. T
= holdings Of the treasury increased S5(
900 900 and the amount IN circulate
500, 600, OO0 during the year.
Figures are given to show that ea
year during the last ten there has occr
/, red in the month Of January more
7 less considerable diminution of the 60
K reserve of the treasury, averaging nea1
~ $40, 600 600, which has been succeed
ery It is shown that the decline &
vaorlv -, the faoa IF gain