Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1892-11-28
TREASURY ANNUAL
Nebeker's Report on the Ma
tons Financial Condition.
BATCH OF FACTS AND CONCLUSIONS

BATCH OF FACTS AND CONCLUSIONS.
The President Adopts New Method of
Writing His Message, but Sticks to His
Tariff Views - That Anti-Chinese Law
Impossible of Enforcemcnt-BIaine Re-
cOvering-HoIman Not an Extra-Session
Man Nor n Believer in DeGcit-The
Attorney Generals Daughter to Wed.
WASHINGTON, Nov. 2S.-The treasurer
Of the United States, f. II. Nebeker, has
submitted his annual report for the year
ended June 30, 1892. The net ordinary
revenues OF the government for the fiscal
year were $eI54 ,937, ,7S4, a decrease of S37,
GA, ,663, as compared with the year before.
The net ordinary expenditures were S345,-
023, $3.50, decrease of SO, ,349, ,354 The sur
plus revenues were thus cut down from
S37, ,239, 762 to s9,914,4 ,453. Including the pub
lie debt, the total receipts for the year were
s736, ,40i ,296, and the expenditures S6S4, ,019,-
2S9.
Two Glasses of Receipts.
Considered with respect to the effectupon
the treasury the receipts are divided into
two general classes, of which the first, COM
prising the ordinary revenues, the receipts
from loans, and the deposits for the retire
ment of national bank notes, increase for
the time the tash available for the uses Of
the government; while the second, arising
from the issue Of gold, silver, and currency
certificates, United States notes and treas
ury 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, 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
500 100000 of receipts in the former year
and one of SS0,0lOOOO in the latter. As COM
pared with 1891 there was saving of up
wards of S14, 900 600 of interest, out of which
a surplus was realized, notwithstanding
the cutting down Of the revenues by Iegis-
lation.
True Condition of the Treasury.
Analysing the true condition Of the treas
pry and setting aside the trust funds the
Seasurer shows that there was a working
balance of cash and deposits in banks
amounting to S207, l10,45 at the beginning
of the year, and to $685. us, ,15l at the end.
OF the former amount s119,oO0,0OO, and of
the latter Sl14, 500, 900 was gold. The SIC
cess which has attended the efforts of the
department to maintain strong gold re-
serve is considered satisfactory in view OF
the heavy disbursements. The amount of
the public debt is given as 81 ,545, 900, ,59l on
June so, 1891, and s., ,5SS, ,464, ,144 on June 80,
1892 The loans resting on the credit of the
United States were cut down from s. .OO5,-
500, $50 to S96S ,2ls, $40, while those secured
by full deposits in the treasury increased
from $40, l9O,O3l to 1920, PAS, ,3O4
Condition of the Debt Improved.
There was 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
treasury, and the extinction of a consider
able part of the loans payable on demand.
The etotal net reduction of S37, ,5S7, 20 in these
items was effected by the application of
the surplus revenue of the year. amounting
to nearly SO, 600, 900, together with upwards
of S27, 900 taken from the cash in the
treasury. According to the revised es-i-
mates the teal stock of money of all kinds
in the country on June 30, was 3. .314. .334.- =
04H, an increase Of Sl50O90. 900 in The wear.
By eliminating that part of the paper cur
rency which is purely representa- sc.
consisting of certificates of deposit and
treasury notes, the effective stock is found
TO have been 81, ,753, ,953,54 an increase of
S50,OO0,0O0,
Cause of Increased Currency.
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 $1,000. 600 of gold in
of ba II