St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-11-27

year was the largest ever taken out of
tn country or brought into it in like
period, being upwards of Sos, 900,
and S102,000,000 of it was drawn out of
the treasury by the presentation of
legal tender notes. Most of the gold
exported in former years was supplied
by the treasury in exchange for gold
certificates, and the report says that it
is the first time that any considerable
sums of notes have been presented for
the metal. With the exception of an
increase of S45, 100000 in the amount of
treasury notes issued in the purchase
of silver bullion and decrease of $780,
100000 in the combined volume of gold
certificates and currency certificates,
there has been, the report says, no i'm
portant change in the public ddbt.
According to the revised estimate, the
total stock Of money of all kinds in the
country on June 30 was S2,323, 547, 977, or
nearly S51, 100000 less than at the same
time last year. This contraction took
place Notwithstanding the addition of
S45, 500, 900 to the stock of silver, and an
increase of S6,000,0 900 in the outstanding
bank notes. and was caused by the eX-
ports of gold. In July, however, there
began heavy return movement of the
metal, supported by rapid expansion
of bank note circulation. BY the end of
September the stock of gold was re-
stored to what it was when the exports
began. The total increase of the effect
i've stock of money in the three months
was no lower than SOC, ZOO, 900, bringing
it up to figure much above the highest
ever reached before. The treasurer re-
marks that this sudden contraction and
expansion within the space of eleven
months afford striking illustration of
the degree OF fexibility possessed by
the currency.
The revised figures for the amount of
money in circulation, that is outside
the treasury on June 80, place 1t at
81, 500, SAG, 829, or about 100000 less
than it was "a year before. During the
four months ended with October there
was All increase of s125.0OO,0OO, a record
altogether without parallel in
the history of the country. The
redemptions of United States paper cur
rency have been unusually heavy,
| amounting to S377, 100000 in the fifteen
months ended with October. During
the past two fiscal years there was re-
coined nearly one-ffth part of the
whole estimated stock of subsidiary sill
yer, all improvement, the report says,
that is expected to increase the popu-
larity and usefulness of this part of the
currency.
Contrary to expectations the Colum-
bian souvenir coins have not proved
popular. Some of them were never
taken out of the treasury, and others
have been returned for redemption. An
arrangement has been IN contemplation
| under which the half dollars in the
treasury will be recoined at the expense
of the management of the exposition.
1t has not yet been decided what dispo-
sitton is to be made of the quarter dol
lars of this coinage not disposed of.
Although the nominal amount of
| counterfeit coins and paper currency
presented at the treasury was greater
than in the previous year, the increase
was less proportionately than the in
crease of the amount of money handled.
Considerable additions were made to
the bonds held in trust for national