The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1892-12-03
TREASURER's REPORT.
He Shows the Monetary Bistory of tn,
UnIted States for 1892.


United States for 1892.
WASHINGTON, Nov. 2S.- The treasurer
of the United States, Mr.. E. H. Nebeker,
has submitted his annual report for the
year ended June 80, 1892 The net ordi-
nary revenues of the government for
the fiscal year were 1854, 937, 7S4, de-
crease of $37 e74,663 as compared with
the year before. The net ordinary ex-
penditures were s345, 023, $780, decrease
of $1o,S49,4 444 The surplus revenues
were thus cut down from S37, $50, ,762 TO
80, Ola, 45S
Including the public debt the total re-
the expenditures 1884, ,019, ,2s9. Con-
sidered with respect to the effect upon
the treasury, the receipts are di-
vided into two general classes, of
which the first, comprising the
ordinary revenues, the receipts
from loan and the deposit for the
retirement of national bank notes
increase for the time the cash available
for the uses of the government, while
the second, 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 fig
ures show an excess of SSS, 900, 900 of ex-
penditures over revenues in 1891, and
one of upwards of S27, 100000 in 1892.
In the second class there was an excess
of nearly S69,OOO,O0 of receipts in the
former year and one of $50, 900, 900 in the
latter.
AS compared with 1891 there was
saving of upward of S14, 4,OO0,O of inter-
est, out of whichra surplus was real
lied, Notwithstanding the cutting down
of the revenues by legislation. Analyz-
ing the true condition of the treasury
and setting aside the trust funds, the
treasurer shows that there was a work
ing balance of cash and deposits in
banks amounting to s207, 110, 452 at the
beginning of the year, and to S165, 71S,-
151 at the end. OF the former amount
S119, 900, 900, and of the latter $114,500
was gold.
The success which has attended the
efforts of the department to maintain a
strong gold reserve is considered salts
factory, in view of the heavy disburse-
ments. The amount of the public debt
is given as s1,545, 996, 591 on June 80,
1891, and 81, ,5s8, 464 144 on June 80, 1892.
The loans resting on the credit of the
United States were cut down from ST.
005, S06 $50 to S96s, ,21s $40, while those
secured by full deposits in the treasury
increased from $540 100, ,O31 to 1920, ,245,-
304.
There was gratifying improvement
in the condition of the debt, produced
by the reduction of the einterest-bearing
loans, the conversion of matured bonds
into others payable at the option of the
secretary of the treasury, and the ex.
tinction of considerable part of the
loans payable on demand. The total
net reduction of s37, 5s7, ,72O in these two
TENS was effected by the application of
surplus revenues of the year. amount
ing to nearly $40, OOO,O 900, together with
upwards of S27, 900 taken from the
cash in the treasury.
According to the revised estimates the
total stock of money of all kinds in the
country on June SO was S2,S74, 1884, O49,
an increase of $3.50, 1000, 900 in the year.
By eliminating that part of the paper
currency which is purely representative,
consisting of certificates of deposit and
treasury notes, the effective stock is
found to have been $1,753 95S, ,754. an in
crease of 10000, 900.