Evening journal., 1892-11-28
UNCLE SANS STATUS.
Interesting Figures From the
Treasurer's Annual Report.
A BIG DECREASE IN REVENUES.

Sllb,OOO,OO0 Yet There Was a /
Working Balance of S165, 71s,151 on
June 3O-Half of the Money in the |
Country in Circulation.
WASHINGTON, Nov. 27.-The treasurer |
= the United States, E. II. Nebeker, in |
his annual report for the year ending |
June 30, 1892, says that the net ordinary
revenues of the government for the fiscal
year were 1854, 937, 7S4, decrease of
$37, 664, 1853 as compared with the year
before. The net ordinary expenditures
were $345 02S, $50, decrease of $10,
349, S54 The surplus revenue were thus
cut down from $37, ,239, ,762 to 50, ,914, 459.
Including the public debt, the total
receiptsIfor the year were $736, 401, ,296,
and the expenditures 1854, 019, ,2S9
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 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 avail
able balance. For the first of these classes
the figure shows an excess of $SS. 900, 900
of expenditures over the revenues in
1891, and of upward of $4,000. 900 in
1892. Insthe sec ond class there was-an
excess of nearly 500. 900, 900 of receip Is
in the former year and one of $50 000-
600 in the latter. AS compared with
1891 there was saving of upward of
$14, 900, 600 of interest, out of which
surplus was realized, Notwithstanding
the cutting down Of the revenues by the
legislation.
Analysing the Funds.
Analysing the condition of the treas
ury, and setting aside the trust funds,
the treasury shows that there was a
working balance of cash and deposits in
banks amounting to $207, 10, ASP at
the beginning of the year, and to
$165, 71s, ,151 at the end OF the former
amount $4,000 900 -and of the latter
STA 5000 600 was gold. The success
which has attended the efforts of the
department to maintain a strong gold re-
serue is considered satisfactory; in view
of the heavy disbursements.
The amount of the public debt is
given as 81, ,545, 900, 591 on June 30, 1891,
and $15SS, AGA. IA on June 30, 1892
The loans resting on the credit of the
United States were cut down from
$1.0e5, sos, $50 to 1858, 21s, $40, while
those secured by full deposits in the
treasury increased from $40, 100, ,031 to
$500, 245, ,30l There was a gratifying
improvement in the condition of the
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 Trea-
sury, and the extinction of a consider
able part of the loans payable on demand.
The total net reduction of $37, 5S7, 720 in
these items was effected by the applica-
tion of the surplus revenues of the year,
amounting to nearly $4,000, 000,
together with upward Of $27, 900, 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 80 was 81, 374, 1874,
049 an increase of $150,000, 600 in the
year. By eliminating that part of the
paper currency which is purely represen
tative, consisting Of certificates of de
posit and treasury notes, the effective
stock is found to have been $1,753, 054,
745, an increase of $4,000, 600. Thi
increase, the treasurer finds, wa
the result of the production o
nearly $17, ,00O 900 Of gold in excess o
the industrial consumption, fresh ISSUE
of $4,000 Of national bank notes, to
gether with the changes in the stock o
silver The gold exported betwee
January and September was taken mostl
from the sub-Treasury in New York. U
to the end Of June the Withdrawals wer
made by the presentation of gold certif
Gates, but from that time on to the cessS
tion Of shipments, mostly upon tender
of United States notes and Treasur
notes.
OF the aggregate stock of money at TIL
end Of the fiscal year, $771, 252 3l3 was /
the Treasury and mints, leaving 81, 603
0Sl, 1855 in the hands of the people, II
holdings of the Treasury increase
$4,000, 600, and the amount in circull
tion 800, 900, 900 during the year.
The issues of United States paper Gu
rency amounted to 1876 1895 5S3, excee
ing those of any previous year. I'll
nearest approach to this total was 1910
000 900 in the year before, and the ne,
nearest 1921, 900, 600 in 1868 OF I'll
whole amount $29S, 900, 600 took IL
place of like kinds and amounts d
stroyed, while SIS, ,000O 900 consisted
fresh issues.
Satisfactory changes have been effect,
in the condition of the fractional silv
coinage, through the liberal appropri
tions of the past two years for this pu
pose
There has been a slight decrease in Il
amounts of counterfeit silver coins al
paper currency presented at the Treasul
Office.
An Increase In Bonds.
There was an increase of over 500. .00
900, during the year in the amount
United States bonds held for the
curity of national bank circulation, a.
a decrease of $4,000, 900 in the amour
held as security for public deposits
total addition of $i.664, 900 was made
the par value of the securities compC
ing the Pacific railroad sinking funds.
In proportion to the Aolume of natior
bank notes in circulation the reden
tons continue heavy, having amount
to upward of $69,000,OOO in the fs'
year.