The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-11-29
TIE NATIONAL TREASURY.

W
Treasurer Nebeker for the fiscal yeal
ended June 80. 1892, shows that the net
ordinary revenues Of the government fol
the fiscal year were 1854, ss7. 7s1. a decrease
Of $37, ,e74773 as compared with the year
before. The net ordinary expenditures
were $345, ,023, 800, decrease of $40. S49, 354
The surplus revenues were thus cut dow
from s37, 239, 76s to s9,9l4:45 The TO- : :
receipts for the year were $736, 40. .296. -
the expenditures 1854 .Ol9. .2S9. 11o
Considered with respect to the effect
upon the treasury, the receipts are divided
into two general classes, of which
the first, comprising the ordinary
revenues, the receipts from loans
and the deposits for the retirem ent OF
national bank notes. increase .or the time
ernment. will. 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 SIS, ,OOO, 900 of expendi-
lures over revenues in 1891. and one of up
wards of s27. .000. 600 in 1892. In the second
class there was All excess of nearly SGD OO0.
600 OF receipts in the former year and one
Of $50, 900. 600 in the latter AS compared
with 1894. there was saving of upwards
of sl4. .000, 900 of interest, out of which q
| surplus was realized, Notwithstanding the
| cutting down Of the revenues by legisla-
tion.
Analyzing 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 $207. 110. 452 at the be-
| ginning of the year and to Sl65, us l5l at
the end. OF the former amount $119, coo. :
0O0 and of the latter $114, 500, 600 was geld.
| The success which has attended the efforts
| of the department to maintain strong
| gold reserve is considered satisfactory in
view of the heavy disbursements The
amount of the public debt is given as
| 81 .545 996, ,591 on June 3d. 1891, and 81 $780,
AGA. 144 on June 30, 1892.
| The loans resting on the credit OF the
| United States were cut down from ST. 005-
! SOC, $50 to 1865, ,21S, $40, while those secured
| by full deposits in the treasury increased
| from $500, 1870 OBJ to $500, 245. 504 There was
gratifying Improvement III the condition
| of he debt. produced by the reduction OF
| the interest bearing loans, the conversion
| of matured bonds into others payable at
the option of the secretary of the treas
ury and the extinction of con-
siderable part of the loans payable
on demand. The total net reduction of
| $37, ,5S7,720 in these items was effected by
the application of the surplus revenues of
together with upwards of S27, ,000, ,OO0 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
80 was s., 3374 334, 049, an increase of $780,
600, 900 liz 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 81 753, 953, IA,
an increase of S7OOOOOOQ
The monetary history Of the last year,
howevet, has been peculiar, both in the
movements of gold, which have been in
creased, and in the other changes that
commonly occur with the changes of the
seasons, but have this year been less
marked. The increase of the effective
stock Of money from September to Septem-
Der was only $50, ,00OOO0.
Discussing the changes in the amount
and composition of the money stock, the
treasurer finds that the increase which
marked the fiscal year was the result OF
the production of nearly 81. .000, 600 of gold
in excess of the industrial consumption, n
fresh issue of 5000 600 Of national bank
notes, together with the changes
in the stock OF silver. The
gold exported between January and Sep
tember was taken mostly from the SUBJ
treasury in New York. Up to the end of
June the withtlra walls were made by the
that time to the cessation OF shipments
mostly upon tenders OF United States
notes and treasury notes.
or the aggregate stock of money at the
end OF the fiscal year, $77l ,252, 3lS was in
the treasury and mints, leaving 81 ,603.-
0Sl, 7S6 in the hands of the people. The
holdings of the treasury increased $780,
Co., 900 and the amount in circulation
$40 900 600 during the year.
Figures are given to show that each year
during the last ten there has occurred in
the month of January a more or less con-
siderable diminution of the gold reserve of
the treasury, averaging $4,000, 600, which
has been succeeded in February by ten
dency toward recovery. In the first ten
months OF the year the treasury gained
$4,000. 900 of the meta! and the country
S260OO,O00. 1t thus appears that tine de-
pletion of the gold reserve is in conse-
quence OF the increase OF the circulation OF
gold certificates, and this. it is shown
grows out of the difficulties which the
treasury encounters in the return of the
notes and silver certificates Of small de-
nominations which were sent out In the
autumn for moving the crops The
movement sets in strongly after the first
of January through the sub-treasuries,
whence the notes. being more or less worn
and of denominations unsuited to city
use, are sent to Washington for redemp.
tion. The shipment, redemption and de-
struction of the old notes and the issue of
new take time. Before the treasury can
make the conversion the sub-treasuries
are drained and the treasury has nothing
but gold certificates to send them. In
this way the gold reserve suffers until
working balance of other materials can be
got together
The issues of the United States paper.
currency amounted to $S76 IN, $50, exceed
Ing the issues of any previous year. The
nearest approach to this total was $50 Co.,
600. in he year before, and the next near
est 1921 600 900. in 1868. OF the whole
amount s29S, 600 00p took the place of like
Kinds aud amounts destroyed, while s7S,-
900 600 consisted Of fresh issues
Satisfactory changes have been effected
in the condition of the fractional silver
coinage, through the liberal appropra-
tlous of the last two years Tor this pur-
pose.
There has been slight decrease in the
amounts of counterfeit silver coin aud
paper currency presented at the treasury
Offices
There was an increase OF over $50 COO 600
during the year in the amount of United !
States bonds held for. the security of
national bank circulation, and deere ase
of 3t0, 90 900 in the amounts held as seCur-
ity for pnbiic deposits A total addition
OF 81 ,664.1c0 was made to the par value of
the securities composing the Pacific rail- |
road sinking funds.
In proportion TO the volume of national
bank notes in circulation the REDEEM ptions
continue heavy. having amounted to up
wards OF SOS, ,00o. 900 in the fiscal year.
CALIFORNIA RETURNS.
SAN FRANCISCO. Nov y The official |
vote of al. the counties in California, with |
the exception of San Francisco give Har-