The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-11-28
ANNUAL TREASURY REPORT.
Revenues and Interest-Bearing Loans
Decreased-Country's Money stock.

urer OF the United States has submitted
his annual report. The net revenues of
the government for the fiscal year were
S3oi 931, ,TSi, . decrease of S37, ,674. 63; the
net ordinary expenditures were $S45, ,223,
$50, decrease of SIC, 35i. The surplus
revenues are thus cut down to S9,9i4, Asa.
including the public debt. The total re-
ceipts for the year were $736. 40l, ,296, and
expenditures 1854 ,0l9,2 $50. The receipt
were divided into two general classes, the
first comprising ordinary revenues, re
ceipts from loans and deposits for the re-
tirement of national bank notes, increase
for time and cash valuables, and the
second, arising from the issue of gold, sil-
yer and currency certificates, United States
notes and treasury notes, tend to swell tho
assets of the treasury, but do not affect
the available balance. For the first the
figures show an excess of $SS 900. 600 exc
pendtures over the revenues in 1891, and
upwards of SIS. 100000 in 1892. In the
second the excess is nearly S69,000 900 over
receipts IN the former year, and over
$S0,o00,0 600 in the latter. AS compared
with 1891 there is a saving of upward of
$l4, ,o00, 600 interest, ont of which a surplus
was realized. Notwithstanding the cut
ting down of the revenues by legislation,
on June 80, 1891, there stood charged to the
treasury on the books registered balance Of
s726. ID. $50. Adding thereto the revenues
OF the year from all sources. gives a total
OF 81 So, ,623 62S to be accounted for. Out
of this was disbursed a total of s6sf 019,-
2S9, leaving 4 balance OF S71S, ,604, go on
June So 1892
In addition to other liabilities arising
from various sources these, together with
nf pNllartaH hpt
charged TO the treasurer. brought the total
liabilities to SS7, ,9i5 at the former date
and SS6,6l3,63S at the latter. Analyzing
the true condition of the treasury and set
ting aside trust funds. the treasurer shows
a working balance of cash and deposits
amounting to S207. 10, ,45i at the beginning
OF the year and $i65, u.s. 80 ut the end. OF
the former amount $I19, 900, 600 and of the
latter $l14 800, 000 was in gold. The amount
of the public debt is given at 81, sis, 900, 591
on June so. 1891, and at $1,5SS, ,46i, LA on
June 80, 1892
The loans resting on the credit of the
United States have been cut down from
81, 1O0. $50. $50 to S9SS, ,21S, $40, while those
secured by full deposits in the treasury
increased from S540, 100, ,031 to $500, ,o45, ,3O4.
A gratifying improvement in the conGi-
ton of the debt was produced by the re-
duction of interest-bearing loans, conver-
sion of matured bonds into others payable
at option and the extinction Of consid-
cradle part of the loans made payable on
demand. The total net reductions were
| sS7, ,7l9, being effected by the applica-
ton OF the surplus revenues of the year,
amounting to nearly $4,000, 600, together
with upwards of $27 900, 900 taken from the
cash n the treasury.
t.~r ca1 Tao I, 49, 4
stock Of money Of all kinds in the country
on June 30 was s2,374, 334 ,049 an increase
of $50. 100000 in year. By eliminating
that part of the paper currency which is
purely representative the effective stock is
found to be 81, ,753, ,953, 745, an increase of
! sc. 900.
! Discussing the changes in the amount
| and composition of the money stock. the
| treasurer finds the increase to be the re-
suit of product of nearly $17,-
C00,00 in gold in excess of indus
| trial consumption, fresh issues of S., 600, 600
| of national bank notes. together with
| changes in the stock Of silver. The aggre-
| gate stock of money at the end of the
fiscal year was $771, ,252, 313 in the treasury
and in the mints. leaving 81 .603. .0sl, 1856 in
the hands of the people. The holdings Of
| the treasury have increased $50, ,OO0, 900,
and the amount of circulation Sl0O, ,00O, 900.
| During the year the issues Of United States
| paper currency amounted to $376 726, 5S3,
exceeding those of any previous year. OF
this amount $293. 900 900 took the place of
like kinds, while S7S,000,OO0 consisted Of
fresh issues. This was partly the
consequence of the improved con-
dition of the coins themselves and
| partly as the result of the
more liberal plan of distribution. The treas
ury. between June 80, 1891, and September
80, 1892. reduced the holding of fractional
silver by no less than $700, ,OO0. 900. A still
! further reduction was expected in conse-
quence of the reconage proposed for the
remainder of the current year. There was
an increase of over $50, 600 900 during the
| year in United States bonds held for
the security of the national bank
circulation, and a decrease OF Sl0,-
co., 900 in the amount held as secur-
lty for public deposits. A total
addition of $I,6if,O00 was made to
the par value of securities composing the
Pacific railroad sinking fund. In proper
ton TO the volume of national bank notes
in circulation the redemptions continue
heavy. having amounted to upwards OF
$50 900, 900 in the fiscal year.
The treasurer closed by calling attention
to the labors of the commission appointed
to investigate the methods of safe and
vault construction with a view to improv-
ing the safe and vault apartments an
urged that prompt steps be taken to carry
out their suggestions to that effect.
Star Gazers Failed to SEQ the Comet.
CHICAGO, Nov. 27.--Local astronomers
were much disappointed today at being
unable to obtain a view of the comet, but
the sky was overcast the entire day with
heavy gray clouds. Prof. Houf, of Dear.
| born observatory, said tonight:
There has not been the slightest chance oil
seeing the comet 1t Is not Biela's comet any.
way nor is il likely TO collide with the earth.
In fact. it is moving directly away from oul
/ planet at the rate OF fifteen miles per second,
ana IS already I50,0o0,Oo0 miles away.
Dispatches from many points through.
out the West and the Northwest state ina.
bilitv to see the comet.
New LONDON, Conn, Nov. 27.-The Yala
observatory astronomers have been on
watch for shower of meteors, as this ID
the night they were expected. They were
disappointed, as no meteor display took
place.
Dr. scott's Condition Worse.
WAsHfNGTos CITY, Nov. 27.-The condS
ton of Dr. Scott. the venerable father-in.