Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1892-12-01
NATIONAL FINANCES.
Interesting Statistics Furnished by
Treasurer Nebeker.
A Decrease of Over s37, 900. 900 in Rev.
enues-Increase in the Public Debt
Estimates of the Money In
the Country.
UNCLE SANS CASH.

urer Of the United States, Hon. E. H.
Nebeker, has submitted to Secretary
Charles Foster the annual report on
the operations and condition of the
treasury:
The net ordinary revenues OF the government
for the fiscal year aTe S3St 9S7. 7s4, a decrease
Of So ga, $50 as compared with the year before.
The net ordinary expenditures were sS45, 023, $780,
q decrease of SO, S49,S54 The surplus revenues
were thus cut down from sS7. $50, 762 10 IS, 9l4-
45S, including the public debt. The total re-
ceipts for the year were S736 40l 2o6 and the ex-
penditures 1884 0l9, 2s9,
Considered with respect to the effects upon
the treasury the receipts were divided into two
general classes, of which the first, comprising
the ordinary revenues, the receipts from loans
and the deposits for the retirement OF national
bank notes, the cash available while the sec
ord, 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
balance. For the first OF these classes the
figures show an excess of sss0U,OOO of ex-
penditures over revenues in 1891, and one Of
upward Of 81 100000 in 1892 In the second
class there was an excess of nearly 500 C00.00O
of receipts in the former year, AMI one of $50
100000 in the latter AS compared with 1891
there was a saving Of upward Il SlAO00Oo0 Of
interest, out Of which surplus was realized
Notwithstanding the cutting down Of the reve-
nues by legislation.
LIABILITIES.
On June 80, 1891 there stood charged to the
treasury on the books OF the register balance
Of s726, %, 1872 Adding thereto the revenues
of the year from all sources gives a total of
81 1872 62s, 123 to be accounted for. Out of this
was disbursed by warrant total Of 1854, 0l9-
2S9, leaving a balance OF STT8 GOA $50 charged
TO the treasurer on June 30, 1892, In addition
there were other liabilities ar s.ng from the
postal revenues, from the deposits to the
credit of disbursing officers from the 5 per
cent. fund for the redemption of national bank
notes and from various other sources. These
with sums OF money collected but not yet
charged to the treasurer on the books of the
department, brought the total liabilities up to
s7TT s54 945 at the former date and to 1915 63 6s
at the latter.
THE TREASURY.
Analysing the true condition OF the treasury
and setting aside the trust funds, the treasurer
shows that there was a working balance Of
cash and deposits in bank amounting to 1907
ll0,45i al the beginning Of the year and to
S165 7lS,i50 at the end. OF the former
amount sll9,o00000 ana of the latter
Sll4500,000 was gold. Tbs success
which has attended the efforts OF the depart
ment 10 maintain a strong gold reserve is con
sidered satisfactory in view of the heavy dis
given as Sl.545, 1851 on June 30, 1891
and Sl,5S8, 464,144 on June 80 1892
The loans resting on the credit OF
the United States were cut down
from 81, 0US. S06 $50 to 1865, 2is $40 while those
secured by full deposits in the treasury in
creased from $40, 160,031 to $500 "a, 304 There
was gratifying improvement in the condition
of the debt produced by the reduc-
tion Of the interest-bearng loans, the
conversion of matured bonds into
others payable at the option OF the
secretary of the treasury, and the extnc-
ton of considerable part of loans payable on
demand The total net reduction of S37. 5s7 7I9
in these items was effected by the application
Of the surplus revenues OF the year amounting
TO nearly Si00OO,OOo, together with upward Of
s21 100000 taken from the cash in the treasury
MONEY IN THE COUNTRY.
According to the revised estimates the total
stock ~ money Of all kinds ia the country on
June 30 was s. ,374 33t 049 an increase Of 500
00000J in the year. BY eliminating that part
OF the paper currency which is purely repre-
sentative, consisting Of certificates OF de-
posites and treasury notes the effective
stock is found to have beeen sl753-
9537i5. an increase OF s700000OO The
monetary history of the last year however.
has been peculiar. both in movement of god.
which has been increased, ana in the other
changes that commonly occur with the other
less marked. The increase Of the efectiye
stock Of money from September 10 September
was only $4,000 900
PAPER CURRENCY.
The issues of United States paper currency
amounted to 1916. 526 $50, exceeding those Of any
previous year. or the whole amount S2qs Coz
0o0 took the place Of like kinds ana amounts
destroyed while s7S0J0,000 consisted Of fresh
issues. During the first six months there
was increase OF upward of S3sG3ao3J
in the denominations Of SO and under outstaad-
ing and during the last six months an
increase Of S36.005G09 in the denominations OF
$50 and over The treasurer remarks that il
would seem to be the proper policy to make
provision for the periodic changes which APP
pear TO b,. natural, both in the amounts ana the
denominations Of the paper currency required
by the people
BANK CIRCULATION.
There was an increase of over $4,000 900
during The year In the amount Of United States
bonds held fC the security Of national bank
circulation and a decrease of 100000 IN the
amount held a security for public deposits
a total addition Of a. 664 900 was made TO The
par valu" q the securities composing the
Pacific railroad sinking funds. IN proportion
10 tie volume o. national bank notes ia circua
tion the redemptions continue heavy. having
amounted to upward Of $50 0O1, 90 IN he fiscal
year A ellr-e of The regulations has been
mao rs NHlen rarmsufs vi notes, valued Dg
the comptroller Of the currency at less than
face are received uncoadit aaaiIy from the
holders a. HE certified valuation.
The treasurer closes by calling attention 10
the laoor, u tla commission appointed t0 5n
yes gate tae methods Of the safe ana vangt
cons trucuen. with d view ~ improving Tie
Eaalt facilities ef me department. The treas
ufee arses tHat prompt steps be taken to carry
Their suggestions INTO effect