Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1892-12-01
TREASURY REPORT.

/ Debt~The Circulation and Gold he~
serve.
WASHINGTON, Nov 2s Tho treasurer
Of the United States, Mr.. u. II. Nebelser.
has submitted his annual report for the
year ended June 80, 1892. The net or
| dinary revenues Of the government for
the fiscal year were 1854, 937, 7s4, de-
crease Of S37 ,6T4, 1893 as compared with
the year before The net ordinary ex-
penditures were s8j5, 023. $50, a decrease
Of $40, $40, ,354. The surplus revenues
were thus cut down from S37, 2S9, ,762 to
1904, 453. Including the public debt.
the total receipts for the year were
s7aC, 4oi ,290 and the expenditures 1884,
0l0, $50
Considered with respect TO the effect
upon the treasury. the receipts are d.
vided into two general classes, Of which
the first, comprising the ordinary reye-
nues, the receipts from loans and the
deposits for the retirement of national
bank notes, increase from the time the
cash available for the uses Of the gov
ernment, 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 tirst of these classes
the figures show an excess of sss, ,000, 900
of expenditures over revenues in 1891,
and one OF upwards Of $4,000, 900 in
1892. In the second class there was an
excess Of nearly $50, 600 600 of receipts
in the former year and one of $50 900, 900
in the latter. AS compared with 1891
there was a saving Of upward of S14,-
600, 600 Of interest out of which a sur
plus was realized, notwithstanding the
cutting down Of revenues by legislation.
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 de-
posts in banks amounting 10 s207, 110,-
ASP at the beginning of the year and to
slG5, 7ls, l5l at the end. OF the former
amount Sis, 1000, 900 and of the latter
STA, 500, coo was gold, The success
which has attended the efforts of the
department to maintain a strong gold
reserve is considered satisfactory, in
view of the heavy disbursements. The
amount Of the public debt is given at
81, 545, 90G, SOL on June 30, 1891, and
81, ,5ss, 464, III on June 80, 1892.
The loans resting on the credit of the
United States were cut down from al
COS, SOC, 800 to S9GS, 21s, $40, while those
secured by full deposits in the treasury
increased from $780, 1870, ,O31 to 5000, 245,-
8O4 There was gratifying improve
ment in the condition of the debt, pro-
1 IL. -
bearing loans, the conversion of ma
tured bonds into others payable at the
option Of the secretary Of the treasury,
and the extinction of considerable
part Of the loans payable on demand.
The total net reduction Of s37, 5S7, 720 in
these items was effected by the appliea-
tion of the surplus revenues of the year,
to nearly 10000, Oo0 to-
gether with upward of 81 900, 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 30, was g., 374 434,-
049, an increase Of $780, 600 600 in the
year BY eliminating that part of the
paper currency which is purely repre-
sentative, consisting Of certificates of
deposit and treasury notes, the effect
i've stock is found 70 have been Sl,753.-
953, 745, an increase of 10000, 600.
The monetary history Of the past
year, however, has been peculiar, both
in the movements OF gold, which have
been increased and in the other changes
that commonly occur with the changes
of the seasons but have been this year
been less marked. The increase of the
stock OF money from Septem-
Der to September was only so, 900, 200.
the changes in the amount
and composition Of the money stock,
the treasurer says that the increase
which marked the fiscal year was
the result Of the production of
nearly Sl5,000,0o0 Of gold in ex-
cess of the industrial consumption, a
fresh issue of s.. COO, 600 of national
bank notes, together with the changes
IN the stock Of silver The gold ex-
ported between January and September
was taken mostly from the sub-treasury
IN New York. Up TO the end of June
.he Withdrawals were made by the pres
,ntatiou Of gold certificates, but from
hat time on to the cessation of ship
nents, mostly upon tenders of United
states notes and treasury notes.
OF the aggregate stock of money at
he end of the fiscal year S57l, 252,3i3
vas in the treasury and mints. leaving
II ,603, 0sl, $50 in the hands of the people.
rhe holdings of the treasury increased
so. coo coo and the amount in circula-
ion slOo 000, coo during the year.
The shipments Of United States paper
currency amounted to s376, 72e, 5s3, ex-
eeding those Of any previous year. The
.earest approach to this total was $780,
90 GOO in the year before. and the next
.earest S291 geo, 600 in 1868. OF the
whole amount S29s, COO 600 took the
lace of like kinds and amounts des-
royed, while S1s, 5000, 900 consisted Of
resh issues.
There was an increase of 5000. 600 in
he amount of United States bonds held
or the security Of national bank cir
ulation and "a decrease Of SiO,900,o00
n the amounts held for the security Of
ational bank circulation, and de-
rease Of $40. 600 600 in the amounts
cid as security for public deposits A
otal addition OF 81, Goa, 600 was made to
hc par value of the securities compos-
mo- the Pacific raj 'road sinking funds.
a pronortion to the volume of national
ank notes i'm circulation the redemp-
ions continue heavy. having amounted
o upward OF S6S, COO 600 in the fiscal
ear
Another Gould Lige.
NEw ORLEANS. Nov. 2S-Jay Gould
as bcrun the preliminary work for
he building Of the White Oaks rail-
cal. which was purchased by him last
--..,,,.- from, p4snir-a~ Charles Davis for