The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-12-01
THE TREASURY =, 4. !
Report of United States Tfeaserer Mefgaa
-Condition OF Uncle sams Csah Box.

:
fiscal year were 1885. s19, ,62S.7S, an II.
crease of $50, ,ss1, ,s44 81 over those OF the
year before The net ordinary-expend-
itures were 1888, AT, 554 40, an increase
Of s3S, 454, 623.9i. There was, therefore,
a decrease of 81, 572, !79 81 in the surplus
revenues reducing them to 81 sS4l, ,674 %
Including the public debt, the total re-
ceipts were $780,, ST., ,214.7S, and the to-
tai expenditures S773, O07, 99S. 80.
The business of the treasury has
been conducted through the main Of
fee at Washington, nine sub-treasuries,
five mints, five assay Offices and about
16O national banks designated to act as
United States repositories. Each Of
these Institutions held part of the pub.
lie funds, which amounted on June so,
1892, to s78S, 351, S95.7 and on June 30,
1898, to STAG. 53S, ,655.5S. After setting
apart those sums of gold, silver and
United States notes which were held
for the redemption of certificates
of deposit and treasury notes. there
was left a reserve or general fund
of s1S7, ,012. TAO. II in 1892, and e16S, 167,
391.5s in 1898. These amounts, how
ever, included certain sums of certi1.
Gates of deposit, bonds and coupons,
which were unavailable for any other
purpose than the settlement of the
treasurer's account, and which, if can
celled, would have left an actual avail
able working balance of s165, 945, 1856. 20
and s156, 1896, 693. S4 on the two dates re.
spectively. By September 30 this bal
ance had been diminished to s149, $50,
26S 72 owing, of course, to a deficiency
in the revenues.
At the end of September, 1883, the
treasury held 1882, 551, ,3O6 of gold, the
largest amount ever reported. The
largest amount of free gold ever held
was s21s, 1918, 253, in March of the same
year. The lowest points touched since
then were s16O, 763, 5s4 of total holdings
and SS1, SOL, 1856 of free gold on October
10. In April, for the first time since
the gold reserve reached the sum Of
500, 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 podemp
ton in coin.
For the seven months beginning with
last December. upwards of SS1, 00i
was drawn out of the treasury in re-
demption of notes, and the gold re
serve was reduced during the same
period by s29, 900, 600. During the mex
three months, with light redemption!
and a deficiency of s19,000,OOO in the
~ Ia To- II n,
gold, but the reserve fell off only 81
900, 900.
The amount of gold exported during
the fiscal year was the largest eyel
taken out of the country or brough
into it in any like PERIOD being up
wards of slOS. 600, 900, and it is noted
that s102, 100000 of it was draw
out of the treasury by the presentation
of legal tender notes. Mostof the golt
exported in former years WAS supplies
by tho treasury in exchange for gol.
certificates, and it is the first time tia
any considerable sums of notes hav
been resented for the metal.
With the exception of an Increase o
s45, 500, 900 in The amount of treasur.
| notes issued in the purchase of silve
| bullion, and 2 decrease of $50, 000,0O il
the combined volume of gold certif
Gates 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 80, was s2,S23
547, ,977, or nearly s5l, 600, 900 less tha
at the same time last year. This cor
traction took place, notwithstandin
| the addition of s45, 500. 600 to the stoc
of silver and an increase c
$4,000, 600 in the outstandin
! bank notes, and was caused, of course
ever, there began a heavy retur
movement of the metal, supported b
a rapid extension of the bank note Gil
culation. BY the end of. Septembe
the stock of gold was restored to wha
it was when the exports began. Th
total increase of the effective stock {
money in the three months was no les
than S95, 600, 900, bringing itsup to fis
ure much above the highest ever befoI
reached. The treasurer remarks ths
this sudden contraction and eXpapsio
within the space of eleven months a
fords 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 so, place it {
81, 500. $40, 500, or about s6,O00,0 900 le.
than it was year before. During tt
four months ending with October thel
was an increase of s125. 900, 900, a recol
altogether without parallel in the hi
tory of the country. The aggregate
money in the hands of the people ar
the average per capita were thu
brought to a higher figure than ha
ever before been reached. -.
The redemptions of United States p
per currency have been unusual
heavy, amounting to 1877, 900, 900 in II
fifteen months ended with October.
During the past two fiscal years thel
was recoined nearly one-fifth part
the whole estimated stock of subsidial
silver, an improvement that is expects
to increase the popularity and usefu
ness of this part of the currency.
Violence on the LehIgh.
WILKEsBAREE, Pa, Nov. 27.-At-mi
night violence was reported all along Il
line OF the Lehieh Valley railroad.
Sugar Notch a mob entered the static
and drove the non-union operators fro
the pre- misses. The station has BET