The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-11-28
NATIONS FINANCES.
Report of the Treasurer of the
United States.
A Statement of the Debt and of the
Treasures That Have Been Taken
TO Reduce IL.
Special TO THE MORNING CALL.

WASHINGTON. Nov. 27.-The Treasurer
OF the United States has submitted his an-
nual report The net ordinary revenues OF
the Government for the fiscal year were
1854, 937. 7S4. decrease of SS7, GA 63. The
net ordinary expenditures were S385, ,023, $50,
decrease Of Sl634 354 The surplus rev.
enues were thus cut down to SO, 914. 4J3.
The receipts we're divided into two gen.
eTal classes-fVst, comprising the ordinary
revenues, receipts from loans and deposits
for the retirement of the nationsl bank
notes, and cash valuables second, arising
from the issue Of gold, silver and currency
certificates.
Analyzing the true condition OF the
Treasury and setting aside the trust
funds, the Treasurer shows a work
Ing balance OF cash and deposits
amounting to S207, 7,110.451 at the begin
ming of the year and S16j, us, $50 at the
end. OF the former amount Sis, ,000, ,000 is
gold, and of the latter, STA, 500, 600. The
amount of the public debt is given at
S1,545, ,591 on June so. 1891, and $685.
AGA, IA on June so, 1882.
The gratifying improvement In the con-
dition Of the debt was produced By the re-
duetlon of The interest bearing loans, the
conversion of matured bonds into others
payable at option. and the extinction of a
considerable part of the loans payable on
demand. There was total net reduction Of
s37,587,7 7t9 in items effected by the appiica-
ton Of the surplus revenues of the year,
amounting to nearly sIo00o,000. together
with upward OF $4,000, 600 taken from the
cash in the Treasury.
According - revised estimates tie total
stock OF ;Honey OF al, kinds 10 the country
1tar,a c . . n
S50.0O0, 900 In year. By elimin ating that
part OF the paper currency which is purely
representative, the effective stock was found
10 have been S1.753. .s53 745. an increase of
S70.OoO,O01.
In the discussion of changes in The amount
and composition OF the money stock. the
Treasurer finds an increase of nearly S17,-
000,0O0 In gold in excess of the industrial
consumption. and a fresh issue Of s., ,000, 600
in national bank notes. together with
changes in the STOCK Of silver.
OF the aggregate stock of money at the
end of the fiscal year, S77l, ,252, ,313 is in the
treasury and mints. leaving ST. COS 08I, ,736 in
the hands of the people. The holdings OF
the Treasury has been Increased $50, 1000, 600
and the amount in circulation 500. 0O0, 600
during the year.
The issues OF United States paper cur
rency amounted to S376, 726, 5S3 exceeding
those of any previous years. OF this
amount SOS, 100000 took place In like kinds.
while S76, ,000, 600 consisted OF fresh issues.
Partly in consequence of the improved
condition Of the coins themselves and partly
as result OF the more liberal plan Of distri-
button the Treasury, between June 80, 1891.
and September 80. 1892, largely reduced its
holdings of fractional silver A still fur
ther reduction is expected in consequence OF
the recoinage proposed for the remainder of
the current year.
There was an increase of over 500. 000. 900
during the year in the amount of United
States bonds held for the security OF
national bank circulation and a decrease Of
100000 in the amount held as security
for public deposits. a total addition Of
S1.664, 600 was made to the par value of the
securities composing the Pacific Railroad
sinking funds.
In proportion TO TIE volume OF national
bank notes in circulation the red emptions
continue heavy. having amounted to up
ward OF s69 0o0,00 in the fiscal year.
The Treasurer closed by calling attention
TO the labors Of the commission appointed
10 investigate the methods OF safe and
vault construction with view Of improving
the vault facilities of the department, and
urges that prompt steps be taken to carry
their suggestions into effect.