The Coconino weekly sun., 1893-11-30
THE TREASURY.
u.,,d,+ion of the National Elk oheauer Up to Date.
TREASURER NORCAN'S REPORT.
,.iops of the Branches-Fiuctua- trons of Bullion - Amount or Money in Circulation
 Etc.

WASHINGTON, Nov. D. - The treas
 ,f the United States, Hon. D. N. Si,.,ron SlS. has submitted to Secretary c'nTsIe the annual report on the oper- ations and condition of the treasury, The net ordinary revenues for the e.,,I vcor were SSS5, S19, 62S.7S, an in- ns,, D.,asc of $50, ,SS1, ,s44 54 over those of the ao, before. The net ordinary expend- !.,,res were SSSS, Al, 554. I9, an increase ntssS 454 628.9l. There was, therefore, odecrease of s7, 572, 779 37 in the surplus avenues reducing them to S9, S4l ,6749o' iDc,uding the public debt, the total re- .'i,ts were S7S2, ,S71,2l and the to- ,aIeypenditures S773, 0O7, ,99S99
 The business of the treasury has b,cn conducted through the main of Gee at Washington, nine sub-treasuries, sre hints, five assay offices and about ,s0 national banks designated to act as Tinted States Repositories. Each of these institutions held part of the pub Ec funds, which amounted on June 80, ,Soa to s7S6, S51, S95, T, and on June 80, ,Sa3 to STAG, 5SS, ,655.5S, After setting orart those sums of gold, silver and Tinted States notes which were held tor the redemption of certificates of deposit and treasury notes, there was left a reserve or general fund of slS7, ,Ol2. TAO 71 in 1892, and Sl6s, 167,- sol 5S in lS9S These amounts, how ever, included certain sums of certiti' rates of deposit, bonds and coupons, which were unavailable for any other rrrpose than the settlement of the treasurer's account, and which, if can called, would have left an actual avail able working balance of s165, 945, 4S6 50 and s156, S95, 69S S4 on the two dates re- spectively. By September 30 this bal apce had been diminished to Sl49, 25O, s6S p owing, of course, to deficiency in the revenues.
 At the end of September, 1888, the treasury held s3S2, 551, ,SO6 of gold, the largest amount ever reported. The largest amount of free gold ever held was S21S,s1S, ,253, in March of the same year. The lowest points touched since then were SlGO, 763, 5s4 of total holdings and ss1, 55l, 1885 of free gold on October la In April, for the first time since the gold reserve reached the sum of slOO 900, 900, it fell below that figure, and on the 14th of that month the issue of gold certificates was suspended, as required by law. The loss of gold was caused partly by deficiencies in the revenues, but chiefly by the presenta- ton of legal tender notes for redemp- ton in coin.
 For the seven months beginning with last December. upwards of sSl, 900, 900 was drawn out of the treasury in re- 0tusptiap of s.etos, cad tho srola f,s- s5rve was reduced during the same period by s29, ,OOO,O OOO During the next three months, with light redemptions and deficiency of s19, ,OOo, 900 in the revenues, the treasury lost SIS, 900, 900 of gold, but the reserve fell off only s2, 900, 900.
 The amount of gold exported daring the fiscal year was the largest ever taken out of the country or brought into it in any like period, being up wards of s1OS, 600, 900, and it is noted that Sl02, 900, 900 of it was drawI out of the treasury by the presentation of legal tender notes. Most of the golC exported in former years was supplied by the treasury in exchange for golC certificates. and it is the first time tha any considerable sums of notes hay, been presented for the metal.
 With the exception of an increase O s45 5O0,0OO in the amount of treasur, notes issued in the purchase of silve bullion, and decrease of sS0, 900, 900 il the combined volume of gold certif cates and currency certificates, ther has been no important change in tn public debt.
 According to the revised estimate the total stock money of all kinds i the country on June 30, was s2,323 547,977, or nearly s5l, ,O00,000 less tha at the same time last year. This cor traction took place, notwithstandin the addition of s45, 500, 900 to the stoc of silver and an increase ( S6,0OO,000 in the outstandin bank notes, and was caused, of cours, by the exports of gold. In July, how ever, there began a heavy retur movement of the metal, supported b arapid extension of the bank note ci culation. By the end of Septembt the stock of gold was restored to wha 1t was when the exports began. Tn total increase of the effective stock { money in the three months was no le' than s95, 900, 900, bringing it up to fl ure much above the highest ever befol reached The treasurer remarks tn; this sudden contraction and expansio within the space of eleven months a lords striking illustration of the d gree of fexibility possessed by the GU rency
 The revised figures for the amount money in circulation, that is outside the treasury, on June 30, place it sl,596, S46, S29, or about S6,000, 900 le than it was year before. During u four months ending with October the was an increase of s125, ,00o, GOO, a reeo altogether without parallel in the hi tory of the country. The aggregate money in the hands of the people al the average per capita were tn brought to a higher figure than h; ever before been reached.
 The redemptions of United States p per currency have been unusual