The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-11-27
THE TREASURY.
Increase OF o125, 900, 900 In the Circu-
lation During Four Months.

Increase Of o125, ,OOO, 900 In the Circu-
lation During Four Months-
WASHINGTON CRY, Nov. 26-United
States Treasurer Morgan has submitted
TO Secretary Carlisle his annual report on
the operations and conditions Of the treas
ury. II shows that the net ordinary
revenues for the fiscal year 1893 were 1885,
si9, ,62S, an increase of 500 ssi, ,S44 over the
previous year. The net ordinary expendi-
lures were $3.50. Al. .55l. an increase of $3s.-
454. .62a There was decrease Of 81. 772, T79
in the surplus revenues, reducing them
s. 34i .674. including public debts. The
total receipts were $732. s7i .2i4 and the
total expenditures s773. .O07, ,9as. The pup-
lie funds amounted June 30, 1892. to 1885,
35l. .s95, and June 30. 1888. to s7a6. a3s. .655.
There were left in the reserve or general
fund $751;. .0i2, TAO in 1892 and $i6s. i67. .39l in
1891. The actual available working bal
ance was $l65. s45 $50 and $i56 2ao. .696 on
the two dates respectively, bu. by Septem-
ber 30, 1898. this balance was diminished
to $I49, go, 26s, owing TO the deficiency IN
the revenue.
In the seven months beginning last
December $s1 600 o00 was drawn out of the
treasury in redemption notes, and the
gold reserve was reduced during the same
period by $29.ooo,00a. During the next
three months, with light redemptions and
deficiency of $40 o)0 600 i'm the revenue,
the treasury lost SIS. o00.o 900 Of gold, but
the reserve fell off only s. 600. 900. The
amount of gold exported during the fiscal
year was the largest ever taken out of the
country or brought into il in . like period,
being upward of <i0S. G00. 600. and $io2.-
600 600 of IL was drawn out of the treasury
by the presentation OF legal tender notes.
With the exception of the increase Of
$i5. 500. 90 In the amount OF treasury
notes, issued in the purchase of silver bull
lion, and n decrease Of s.0, 0G0, 600 In the
combined volume of gold certificates and
currency certificates. there has been, re-
port says, no important change In the
public debt According to . revised esti-
mate the total stock of money OF all kinds
in the country on June 30 was s.. 323, ,547.-
s77, or nearly $5i. 600 less than last
wear The contraction took place not
wishstanding an addition of SIS. so, 900 TO
the stock OF silver and an iBerease Of
So 6opo, COO In the outstanding bank no'es.
and was caused by exports of gold. In
Jaly, however, there began 10 be heavy
return movement OF the metal. supported
BY rapid expansion of bank note elrcuia-
ton. By the end of September the stock
of gold Was restored 20 what Ii was when
the exports began The total increase of
the effective stock of money in three
months Was not less than 5000 60.
bringing IL up to figure much above the
highest ever resehei before. The treas
urer remarks thai this sudden contraction
and expansion within the space Of eleven
months affords striking illustration OF
the degree OF ;iexioility possessed By the
currency.
Revised figures OF the amount OF money
in circulation, that 10. outside the treas
nry. Jane So. place IL at 81, SOS -, SO. or
about 5000 less than the year before.
Daring the four months ended With oc-
tober there has been an increase OF si2S.-
coo. .9co. record altogether without psral-
lei in she history OF the country. The re-
aempslon of United States paper currency
has heen unusually heavy. amounting to
s3T-. opa 90 in the ffteen rnonfhs ended
with October. During she rsss two fiscal
resrs there has been reeoinea nearly q
nsih part Of tue whole estimated stoeg of
subsidiary silver. an Improvement ihc re-
rsort says. that is expected 10 increase tbs
popularity and usefulness Of this part Of
tie easrency.