Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-11-28
OUR FINANCES.
Annual Report Of the Treasurer
Submitted.
REVENUES AND EXPENDITURES.
The Total Receipts and Disbursements
for the Year.
COnrAnisoN az FIGURES.
GratifJing tmrrasemcnt la tho Con
dition OF the Debi- Hank Notes
In Circulation.

WAsnIaGToS, ID. g., Nov. .7.-The
treasurer Of the Uuitod States has sub
mi,ted his annual report. The net
ordinary revenues OF the government
for the fiscal year were 1854 g37, 7s4; u
decrease OF s35, G5i.0S. The net oriin-
AIRY expenditures were s3Ij, OgS, 33G; a
decrease OF slO,3ia, 1854. The surplus
revenues were thus cut down TO
sD,0li, 453, including the public debt.
The total receipts for the year were
| SI31, l1l 200 and the expenditure
1854, Ui0, yS0. The receipts wera
divided into two general classes, the
frat comprising ordinary revenues,
receipts from loans aud deposits for the
retirement OF national bunk notes and
the increase for llma cash valuables,
the second arising from the itsuc OF
gold, silver and currency ceriiiicstosj
| United States notes and treasury notes
tend TO swell the assets OF the treasury
but do not affect the available balance,
for the fret ngutes show au excess OF
| SIS, 600, 900 IN expenditure, over the
revenues in 1891 aud upwards Of $685..
0OO,OOO In 1852; IN the second the ex.
cess IN nearly $4,000, 900 over the re.
cc,pts In former yeafa anu $4,000, 900
In the latter comnared with 1891,
saving upwards OF 900, 900 Ia interest
out OF which surplus was realized.
Notwithstanding the cutting down
If revenues by legislation ol June 80,
1891, there stood charged to the
treasury on the books OF the register q
balance OF s32G,222 49,, Aiding
thereto tue revenues OF the year fro IN
all sources gives total OF 81 ,iB2, 02s,-
G98 10 be accounted for. Out Of this
was DISTURBED u total OF 1854 ,0l0, $50,
leaving u balance Of s77s, 0Oi,33g on
June 30, 1892, IN addition 10 other
liabilities arising from various sources.
These together with sums VI money
collected but not yet charged 10 the
treasury brought the total liabilities 10
SS7T,SBi, ei5 Mt tho former date and
ssi5, G3i ,0gS at the latter.
An,Iyzing the true condition OF the
treasury and setting aside trust funds
the treasury shows "a working balance
OF cash ana deposits amounting TO s207,-
no, i5i at the beginning OF the year
and $50, IFS, 1850 at the end OF the
former. The amount OF
THE PUBLIC DEBT
was given at l,545, 0g6, SOL on June
80, 1891. The loans resting on the
credit Of the United States were cut
down from $1,000, s06, $50 to 500,
$50, while those secured by full
deposits in the treasury were In.
creased from 500, l9O,08i to $500, 2i5,.
30i.
There was a gratifying improve.
ment Ia the condition VI this debt pro.
euced by the reduction OF the Interest,"
bearing loans, the conversion Of the
matured bonds Into others, payable ut
option, and the extension Of n consid-
cradle part OF the loans payable ON de.
msnJ. The total not reduction was
| s3T, 5s7,7l0. In the items affected by
the application OF surplus revenues for
the year amounting TO nearly sl0, 000,-
900, together with upwards OF 81 ,0OO,-
600, were taken from the cseh In the
treasury. According TO revised esti.
mates the total stock OF money Of all
kinds In the country on June 30th,
was S., 81 4, 1884, 0i0, an increase OF $780,.
0OGO0O In the year. by eliminating
part OF the paper currency which was
purely representative, tho effective
stock was found TO have been 81, 1888.
953, 2i5, an increase Of S70,000,000.
In a discussion OF the changes in the
amount aud composition OF the money
stock the treasurer finds that the in.
crease was the result Of the production
OF nearly sl7,0O0,0OO In gold in excess
OF industrial consumption, fresh Issues
OF S5,O0O,000 Of national bank notes, 10.
gether with changes In the stock OF
silver. OF the aggregate stock OF
money at the end OF tho fiscal year
! 4 Ia. a
the minis, leaving 81 500, 0Sl ,T30 in the
hands OF the people. The holdings
OF the treasury were increased $780,.
900, 900 and tho amount In circula-
ton 500 100000. DuIing the year is.
sues Of United States paper currency
amounted to 1916, Ie0, 5sS, exceeding
those OF any previous year. OF this
amount s203, 00J,00O took the place OF
like kinds, while sIS,000,00O consisted
OF fresh issues, partly the consequence
of the improved condition OF the coins
themselves and partly M the result OF
more liberal plan OF distribution.
The treasury between June 80, 1891,
aud Sept. 80, 1892, reduced the hold
ings OF fractional silver by no less than
500, 100000. A still further reduction
Is expected ON account OF the recoinage
progressed for the remainder OF tho cur
rent year.
There was an Increase OF over 500
100000 during the year in the amount
OF United States bonds held for the 90.
curitty OF national bank circulation,
and decrease Of sl0,000,0 900 In the
amount held as security for public
deposits. A total addition OF 81, 06i, 900
was made to tho par value OF the secu.
rites composing the Pacific Railroad
sinking fund.
In proportion TO the volume Of ns.
tioual bank notes In circulation the
redemptions continue heavy, having
amounted to upwards OF 500, 900, 900 IN
tho fiscal year.
The treasurer closed by calling at.
tontion to the labors OF the commission
appointed to investigate the methods
VI safe and vault construction with a
view to improving the vault facilities
Of the department, and urged that
prompt steps be taken to carry their
svqgesiions into effect.