The Red Cloud chief., 1892-12-02
THE NATIONAL TREASURY.

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has submitted his annual report for the
year ended June 80, 1891. The net or
binary revenues Of the government for
the fiscal year were 1854, 937, 7s4, o de-
crease OF t37. 614,663 NJ compared with
the year before The net ordinary OK.
penditurcs were e345, 023, $50, q decrease
Of siO.3 f9,s5A. The surplus
were thus cut down from es7, $50, 762 TO
%, 914. asa. including the public debt,
the total receipts for the year were
t1sG, 4Oi, 900 and the expenditures 1884,
019, 2s9,
Considered With respect TO the effect
upon the treasury, the receipts are di.
vided into two general classes, OF which
the first, comprising the ordinary reve-
nres, 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
eminent, while the second, arising from
the issue Of gold, silver
aud 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 FIRST Of these classes
the figures show an excess Of ess, 00O, 900
Of expenditures over in 1891,
and one of upwards Of ss7, 900, 900 in
1892. In the second class there was an
excess OF nearly $50. 900, 900 of receipts
In the former year and M Of ESQ. 0O0, 900
In the latter. As compared with 1901
there was q saving Of upward of el4,-
600, 900 Of interest. out of which a sur
plus was realized, Notwithstanding the
cutting down Of revenues by legislation.
Analysing 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-
posits In banks amounting to e207, no.
452 at the beginning OF the year and TO
si65, 7ls, 1851 ut the end. OF the former
amount ei19, 900, 900 and Of the latter
STA 500. 900 was gold, The success
which has attended the efforts of the
department To maintain q strong gold
reserve Is considered satisfactory, In
view Of the heavy disbursements. The
amount of the public debt Is given at
tl,b45, 9o6, SOL on June 30, 1891, an
q, 1858. aga, 144 on June 80. 1892.
The loans resting on the credit Of the
United States were cut down from o.
COS, sOG, 800 to s90s, as, $40, while those
secured by full deposits In the treasury
increased from e540, 100, 0S1 to $500, 245,
S04. There was u gratifying improve
ment in the condition Of the debt, pro
duced by the reduction of the interes
bearing loans, tho conversion of ma
x,s~sd l~orJs Into nt1noru oavuhla M xh.
| option Of the secretary Of the treasury
and the extinction Of q considerable,
part Of the loans payable ON demand
The total net reduction Of eS7, bs7. 7s0 Il
these items was effected by the applica
tion of the surplus Of the year
amounting to nearly 81 1000. 900. TO
gether with upward Of e27, 900, 900 takel
from the cash In the treasury.
According to the revised estimate
the total stock of money Of oil kinds Il
the country on June 30, was 81, 374, 434,
O4V, nm increase Of $3.50. 900, 900 In tn
year. by eliminating that part Of tn
paper currency which Is purely repre-
sentative, consisting Of certificates o
deposit and treasury notes, the effect
i've stock Is found to have been 81, 1853,
053, 745, IN increase Of s70, 900, 00O
The monetary history OF the pas
year, however, has been peculiar, boil
In the movements of gold, which hav'
been increased and in the other change
that commonly occur with the changes
Of the seasons. but have been this yea
been less marked. The increase of tn
effective stock of money from Septem
Der tn September was only $50, DOC, 600
Discussing the changes in the amour
ind composition Of the money stock
the treasurer says TINT the increas'
which marked the fiscal year wa
the result Of the production q
nearly 1000, 900 sof gold In ca
cess Of the industriaif consumption,
fresh issue of 81, 000, 900 Of nationa
bank notes, together with the change
in the stock of silver. The gold Oh
ported between January and Septembe
was taken mostly from the sub-treasur
In New York. Up to the end Of Jun
the Withdrawals were made by the pre-
entation Of gold certificates, but fro
that time on to the cessation of shiI
ments, mostly upon tenders Of Unite
! States notes and treasury notes.
or the aggregate stock Of money Q
the end Of the fiscal year e771, 252,S
! was in the treasury and minis. leavin
81, sos, 0sl, 736 in the hands of the peopl'
The holdings of the treasury increase
$50, 900, 900 and the amount In circul,
tion slO0, OOO, 900 during the year.
Satisfactory changes have been o
fected in the condition Of the fraction,
. silver coinage through the liberal ~
preparations of the past two years Il
this purpose. There has been u sligl
decrease In the amounts Of counterfe
silver coins and paper currency pr
sented ut the treasury offices.
There wal an increase of f606, 900
the amount of United States bonds he
for the security Of national bank 81
!. culation and a decrease of $40, 900, u
: In the amounts held for tho security
national bank circulation and o d
crease of $40, 00O. 600 in the amour
held Us security for public depositA
total addition Of 81, 664, 900 was made
= the par value of the securities compo
ing the Pacific railHoad sinking fund