The star. (Reynoldsville, Pa.) 1892-1946, 1892-11-30
THE NATIONS FINANCES.
U. 9. TREASURER REPORT.
| Much Of the Interest Bearing Public Deb
Cut on ard a Good WORKING
Balance Kept on Hand,

The Treasurer of the United States, +. II.
Nebecker. has submitted his annual report
Tor the year ended June 80, 1892.
The net ordinary revenues Of the Govern.
ment for the fiscal year were 1854 937, 7si, a
decrease of s37, ,6Ii 6B3 us compared with the
year before. The net ordinary expenditures
were s345, 023, $50, a decrease of sl0,3i9,35i.
The surplus revenues were thus cut down
from s3T .239, 762 to $Y,9li, ,453. Including
the public debt, the total receipts for the
wear were s736, ,4Oi, ,290, aud the expenditures
1854, ,0i0 2s9.
Con.idered with respect to the effect upon
the Treasury, the receipts are divided in two
general classes, OF which the first compris'
ing the ordinary revenues, the receipts from
loans and the deposits for the retirement OF
national bank II ties. increase for the time
the cash available for the u4es of Govern
ment. viii the second arising from the
issue Of gold. silver and currency certificates
United States notes and Treasury notes tend
10 swell the assets OF the Treasury, but do
not affect the available b,lance. For the
first of these classes the figures show AN ex.
cess OF sss. go 600 oi expenditures over
revenues in 1891 and one of upwards Of
81, % q 900 III 1892 In the second class there
was an excess of S6D. .00JO1D of receipts in
the former year and one of sS).000.OUO in
the latter. As cumparpd with 1891. there
was saving of upwards Of $li0OO,OOl OF
interest, out of which surplus was realized
notwithstanding the GU ting down of the
| revenues by legislation.
Analysing the true condition of the Treas
ury and setting aside the trust funds. the
Treasurer shows that ther- was working
balance of cash aud deposits in banks,
amounting to s207. no. i52 at the beginning
of the year. and Of sl,h. us. l5l at the end,
| OF the lorner amount $ll90 GOO, 900 and of the
latter Sll4,500, 900 was gold The success
which has attended the efforts of the depart
inent To maintHin strong gold reserve, is
considered satisfactory in view of the heavy
disbursements
The amount Of the public debt is given as
| 81 ,hij, 800. j9l OH June 30 1891, and 81, ,jsS e
| i6i | II on June 30, 1892 The loans resting
on the credit Of the United States were cut
down from ~ ,00j. .S06, $50 to S06S, ,2lSSi0,
| while those secured by full deposits in the
| Treasury increased from $40. l90,03l to
| $500. 2i5 30i. There was gratifying i'm
prOvement in the condition OF the debt pro-
| duced. by the reduction of the interest bear
| ing loans the conversion of matured bonds
| into others payable ut the option Of the Sec
retary of the Treasury, and the extinction
| OF considerable of the loans payable on de-
mand. The total net reduction of S37 5S7,.
| 40 in these items was affected by the APP
| plication of the surplus revenue Of the year.
amounting to nearly $40, 10000, together
with upward of S27, 600 taken from the
cash in the Treasury.
According to the revised estimates the to-
| tai stock OF money of all kind IN the coun
| try on June 80 was S237i, 1874, ,Oi9, an increase
of Sl50,00O.0O0 in the year. by eliminating
| that part OF the paper currency which is
| purely representative consisting Of certifi
Gates of deposits and Treasury notes, the
effective stock is found to have been 81, 1853,
| 953,Ii). an increase of Si0,OOOOOJ.
The issues of United States paper curren
| cy amounted TO 1876. 726,5s3 exceeding
| those Of any previous year. The nearest
approach in this total was $50 600, 600 in the
year before and the next nearest S20l 600,
| trDO in 1863