The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-11-28
THE TREASURER'S REPORT.
GOVERNMENT EXPENDITURES FAR Elk
CEEDING THE REVENUES.

The Exeessln the Past Two Year, Amounted
10 D11S,Oo0, 900, yet Mr.. Nebeker Shows
that ON June 30 There Was . Working
Balance In the Treasury in Cash and De.
posits or sl65,7ls,f51-The Total Money
In the Country mt tho End OF the Year
Was seB7A ,:sa4 .O4o, or which si.Soo,.
OIL ,sBo Vns In the Hands OF tho People.
WASHINGTON. Nov. 27.-The Treasurer OF the
Unitod States Mr.. +. II. Ncbeker. In his annual
report for the year ending Juno 30. 1892. says
that tho net ordinary revenues OF the Govern
ment for the fiscal year we're S354.e3I7S4. a
decrease OF S37 1853 as compared with the
year before. Tho net ordinary expenditures
we're S345. O23. 800. n decrease Of $10.340.354.
Tho surplus revenues were thus cut down
from $37. 239, 1862 to S3.014.453 Including tho
public debt. tho total receipts for the year
we're $780, 4O1. 296. and tho expenditures 1884,
O1e.280.
Considered with respect to the effect upon
the Treasury. the receipts are divided into
two general classes. OF which tho first. COM
prising the ordinary revenues. tho receipts
from loans. and the deposits for tho retire.
ment OF national bank notes. increase for the
time the cash available for the uses OF the
Government. while tho second. arising from
the issue OF gold. silver. and currency GER
tihcates. United States notes and Treasury
notes tend to swell tho assets OF tho Treas
ury. but do not affect the available
balance. For tho first OF these classes
The figures show an excess OF SSSOOO.OOO
OF expenditures over the revenues in 1891.
and OF upward OF s27.O00.O00 In 1892. In the
second class there was IN excess Of nearly
5000. 900 OF receipts In the former year and
one Of $50. 0OO. 900 in the latter. As compared
with 1891 there was saving Of upward OF
Sl4OOO.O0O Of interest, out Of which surplus
Observation-Disclosures h the cutting
Analysing the true condition Of the Treas
%ry. and setting aside the trust fund.- the
emoaSeina to ss1 IT, the beeiDnins
the iormsn n am and Of the
latter $l14,6o00o9 was gold. The r. success success
ment to maintain q strong gold reserve is
eonsidered satisfactory. In view OF the heavy
The amount Of the public debt is, given rs
on a 5nns g. o ana rss SSs
gown On from sGs s.aSs Gss s
%IIle those secured y full deposits IN n the
n'r Thsro wa srtyns m
provement in the condition OF the dsbt. pro-
duced 10y the reduction OF the interest-bearn R
loans. the conversion Of mntured bonds into
others: PAYABLE at tho ontion Of the Secretary
Tho total net reduction Of S3i,5s7.72O in these
Items was effected By tho application Of the
prarly. $lOOtO,OoO. together with upward OF
$27.O00,OOO taken from the cash in the
Aceord ling to the revised estimates. the total
stock q money Of 81 Kinds IN the country on
$150.O0O. 600 in the year BY eliminating that
part OF the Paper currency which Is purely
DEPOSIT and Treasury notes. the effective stock
is found to have been Sl:I53.3537i5. IN in
OF nds The ra Is the
ton Of nearly Sl7.OoO.0o0 Of gold in excess Of
the industrial consumption. u fresh issue OF
With the changes in tho stock Of silver. The
gold exported between January and Septcm-
IL! NV }aFt 81 tho eo end n the
STas made ode by TIE Of
81 limited States notes and Treasury notes.
Of IN the ss gate Gff s. %as n end Ind
Treasury and mints. leaving 81. SOP Osl. 73a in
IF ns sGD hSn snd the
amount in circulation slOU.0o0.0OO during the
amounted to S37G. 7.G $3.50 exceeding those OF
Any previous year; The nearest approach to
aud the next Ms nearest s 10 t IN is sot 81
the whole amount; s21s.DO 900 took tho place
$4,000. 900 consisted Of fresh ISSUES "
=, Satisfactory changes have been effected in
the condition OF the fractional silver coinage.
through the liberal appropriations OF the past
two years for this purpose.
There has been q slight decrease IN the
amounts OF counterfeit silver coins and paper
currency presented Mt the Treasury offices;
There was an increase OF over $40. o00.0 900
bonds held for :he security OF national hank
circulation and decrease OF Sl0OUQ.OOO in
the amounts held rs security for public de-
posts. A total addition of Sl.66i.OOO was
made to the PAR value OF the securities com
posing the Pacific ltnilrcnd sinking funds
In proportion to the volume Of national hank
notes in circulation tho redemptions continue
heavy. having amounted to upward OF $780,
100000 In the fiscal year.