The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1892-12-02
rREAsuRER's REPORT.
ne Shows the Monetary History Of thu
United NtAlea for 1899.

Ne Shows the Monetary History Of the
Caited states sor tsos.
wAsufsaros, Nov. IS - The treasurer
OF the United States. Mr.. u. II. Seb-her.
has submitted HIS annual report for tho
year ended June 10. 1894. The net ordi.
nary revenues OF the government for
crease of ts5.074. COS as compared with
the year before. The net ordinary ex.
penditures were t345, 023, $50. decrease
Of eio, sse,s&A Tho surplus revenues
were thus cut down from 81, $50, '52 70
". Ola, asa
Including the public debt the total re-
ccipts for the year were ESQ. s0i, 800, and
the expenditures s6s+. oie. ese Con-
sidered with respect 10 the cffcc, upon
the treasury. the receipts are d.
vided into two general classes OF
which the first, comprising tho
ordinary revenues the receipts
from loan aud the deposit for the
retirement of national bank notes
increaso for the time the cash AVAILABLE
for the uses OF the Covcrn44sss. fslsfo
the second. arising from the issue a
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 balance.
For the first OF these classes the fig.
ures show an excess OF tss. 600. 900 OF ex-
pcnditures over revenues in 1891. and
one of upwards Of or, 100000 in is9a
In the second class there was an excess
81 nearly 600. 900, 900 of receipts In the
former year and one Of ESQ, 600, 600 In the
latter
As compared with 1891 there was n
saving Of upward Of sis. 900. 600 OF inter
est out OF which surplus was real
iEed. Notwithstanding the cutting down
Of the revenues by legislation. Analyz-
ing the true condition OF the treasury
and setting aside the trust funds, tho
treasurer shows that there was work.
ing balance OF cash and deposits in
banks amounting 10 ee07, 10, 45s at the
beginning Of the year. and 10 sos, u.s.
ISL at the end. OF the former amount
slig. 900, 600, and of the latter sil4, 800
was gold.
Tho success which has attended tho
efforts of the department to maintain q
strong gold reserve Is considered salts
factory, In view Of the heavy disbursc-
ments. The amount Of the public debt
is given as ti.s45. 900, 5si on June 30,
1891, and 81, 5ss. io4. i4s on June 80, 1899.
The loans resting ON the credit OF tho
United States were cut down from e1,-
oo5. 500. 500 TO s96s, ais, $40, while those
secured by full deposits in the treasury
increased from $40, 1910 10 $50, 2+s.-
so4.
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 at the option OF the
secretary Of the treasury. and tho tx.
tinction OF u considerable part OF tho
loans payable on demand. The total
net reduction of ss7, 5s7, TOO in these two
tens was effected by the application of
surplus revenues of the year. amount
ing 10 nearly ei0. 900. 900. together with
upwards of sa7.ooo,ooo taken from the
cash In the treasury.
According 10 the revised estimates the
total stock of money OF all kinds in tho
country on June 80 was eo,sT4, 1874, o49,
an increase of $3.50. 900. 900 in the year.
by eliminating that part OF the paper
currency which is purely represen tatIvc.
consisting OF certificates of deposit and
treasury notes, the effective stock IL
found to have been s1,753. 953, 154, an in
crease OF $40, 000, 900.