Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-14
Total
..SiS2, 6s2, 1900
The Gold Reserve.

Hence Ii appears, says secretary Car
isle that the original gold reserve, aug
mented by the gold proceeds of the sales
of bonds was diminished during the period
of twenty-five months to the extent OF
S1I2GI43lj. of which s10j.0U2.1t3 was
directly or indirectly devoted to current
expenses. and s6i .6I2.11 which had been
converted into notes by the process of
redemption. was still on hand. 1t is proper
To state in this connection that when
United States notes or treasury notes OF
$50 are redeemed in gold they are received
into and held as part OF the general caSh
assets in the treasury. the same as any
other money belonging to the government.
and under The acts of May 81, 1878. and
July H. 1S:J, they paid out when
necessary to defray the public expenses.
Whenever it has been possible to do 50
the redeemed notes have been used to pro-
care gold coin by exchange with banks
and other financial institutions, and in this
way a large amount of gold was restored
20 the gold reserve fund during the sum
Eler of lSIi and some since that time"
Assets and Liabilities.
TIE assets and liabilities of the treasury.
in excess of certificates and treasury notes
outstanding. are stated as follows:
Asse:s-July I. 1s:e;. siGp, 40 6s2; January
]. 1SJi. Sl:Es,"9T.2II.
Liabilities-July l. 1893, Sl6n, 45o. GS2; jan
Uary /. 1894. Sl;: 291 ~.
The liabilities as given above include gold
reserve and net balance. Deducting these
$:1"3S%9l. and on January 1, 1891, they
were $i2.92t. ~.
The total receipts of the government lex
elusive of postaD from January l. 1894. to
December 81. 1N9i were Sal .5.IIf4 The
total expenditures during the same period
exclusive of postaD We're s3II, TG4 ,66i The
balance of cash in the treasury December
81. 1904. available for the current expenses
of the government, but not including the
gold reserve fund, is sld6;:I5 40.
TIE actual amount of gold ir the treas
ury January !, 1891. SS0. .S9l $40. On
July I. 1894. il was S6i.SI3,o2i Secretary
Carlisle says that the amount of gold re-
cetVe1 from the sale of the United States
bonds from January I. 1891, to December
81. 1891. was sll1.:iS0. .2S;:. The amount of
treasury notes and United States notes re-
deemed in gold during the same period was:
Treasury notes. Sl1,S0i,0f,; United States
notes. S12%9il ,OJ!Lmaking 4 total of S141.-
Ii5.10i. The actual balance of gold on this
account December 81, 1884, was sSi2H.4i5.
United states and Treasury Notes.
The amount of United States notes and
treasury notes in the treasury January I.
1S9i. exclusive of the United States notes
held for the redemption of currency GER
tficates outstanding, was s62s9.0SG. Add
ing to this S1i1. .IiJ, ,10l. the amount of such
notes redeemed to December 81, 1891. and
So. 11I.I:iS. the amount of like redenlptionS
during tho following month gives total
of S198 lJ1..t.S of such notes available dur
ing the whole period. exclusive of ordinary
receipts. The amount OF these notes re-
naming In the treasury January 81, 1875.
was SSJ.f2I,9S9, showing that of the total
of SlSt;, t;,St..N ~ redeemed in gold from IAN
uary I. 1924. there had been paid out the
sum of Sl0I.5-:;.I;9. and there remain
ing in the treasury a balance OF SIg.3:sS. .90s.
of the amount paid out sGI,?S.i.t; was for
current expenses ana so JtjS. 1856 in
exchange for other kinds of money, in
Guiding gold.
UnexpcDdcd balances.
An accompanying table shows the un-
expended balances of appropriations on
July I. 1894 to have been SIS. .291 ,l05; APP
preparations for fiscal year 1895. s3646l6.-
Az; total amount available for expendi-
ture July I. 1894. s442. .9O7 $50: the amount
expended during the six months ended
December 81 1894, s1S69J2 $50. and the
balance available for expenditure January
/. 1877. ST., .l.,I. N.;9.