River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1895-11-28
MORGAN's REPORT.
United States Treasurer Tells of the Ma
fio4i's Finances.

Washington, Nov. % ID. ". Morgan. the
treasurer OF the United States. In his an
nual report on the operations and condition
OF the treasury, says that the net ordinary
revenues of the government for the fiscal
year ended June 30. 1895. were 1918. $50 075, an
increase of Sl5.66S055 as compared with the
year before; net ordinary expenditures
$3.50, 1898, a decrease of Sil, .aSl lnclud-
ms The public debt. the total receipts on all
accounts were $40. 5l6,625. and the expendi
lures sic. AZ, l57. A further sum of S3I, 157 =
200 was deposited in the treasury prior TO
the end of June on account OF a purchase of
gold coin to maintain the reserve, but " q
not formally covered in. ana therefore does
not appear in the accounts tor the curreot
fiscal year
At the close OF business June 80, 1894, there
stood charged TO the treasurer on the books
of the department balance of ST63.565. SIC
Adding to this the receipts for the year
from all sources gives Sl,4S4,0s2,l los as he
total TO be accounted tor, ana ueoucting the
expenditures leaves a balance OF Sl15 6i0.0jS
June 80, 1895 In addition TO this accounta-
biiity TO the department the treasurer hsG
liabilities on other accounts which brought
the totals 10 SS4, oJ4 l55 and seiZ AS, lsS on the
two dates. respectively After setting aside
the amounts treated as unavailable. the
principal of which, SIS l0l, 644, deposited
wit.A the states under the law of 1886, there
remained the sum Of S7T5, 3l0, $50 in 1884 AMI
the sum OF 49,, o27 ~ in 1895. for which there
were i've assets IN the several OlllSeS oil tho
treasury and mint and ia the depository
banks. OF these balances the sums OF S6lG,
l5j,SZO and SOS, IA, Sb5, respectively, were on
deposit for the redemption OF outstanding
certificates and treasury notes, leaving
sl59, 7Sy and $50. 575.S5s, respectively. as
ms balances on account OF the genera
fund.
Aside from the variations in the total
stock of goId In the country, which are de-
pendent upon the domestic production ard
consumption as well as the import and eX-
ports of the metal, the most important
change now going ON in the composition OF
the money supply arises, the report says
from the gradual retirement OF the trea >
ury notes OF 1890. through their redemption
In silver dollars. by this process, which be-
gan in August. 1888, and has continued
since, the total issue OF Sl55. 80, COZ OF these
notes was reduced by September 30, 1885 to
Sl45, 666, 80. AS the reduction began before
the original issues in the purchase OF silver
bullion were discontinued, the amount OF
the total cost OF the purchases was never
outstanding at any time, the highest point
ever reached being sIO5,oJO, ZSO, on November
IA, 1888
Under the provisions of an act of con-
gress the face value of the state bonds and
stocks formerly held in trust for the va.
rious Indian tribes had been placed upon
the books of the treasury to the credit Of
the several tribes, TO draw interest at the
rate of five per cent. per annum. and the
securities have become the property vi he
United States.
uncurrent gold and silver coins of the
face value of S4.57S.647 were transferred,
during the year, from the treasury TO The
mint for recoinage. The loss thereon
arising from diminution of weight was
$20l,lo7 Up to the end OF September last the
sum of Ss26.730 in Columbian half dollars
had been exchanged for gold coin.
The amount OF national bank notes re-
ceived Tor redemption was nearly So, O)1,-
600. of which s5o,OOU,U00 for circulation were
returned to the banks of issue. Inclusive
of charges for transportation, salaries, sta
tionery ana contingent expenses, the total
costs OF the redemptlons for the year were
SlU0,552 which have been assessed upon the
banks at the rate OF Sl.l5 per $1,000 Of notes
redeemed. The deposits on account of the
reduction or retirement of national bank
circulation amounted during the year 20
Sl2,O56. l72, and the redemptions on the same
account In xi2 C6S 63g