Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1895-11-29
MORGAN REPORTS.
Condition ofthe Treasury Set Forth
by Its Head.
Details of the Operations Of the Past
Year-lncrease in Revenues and
Decrease in Expenditures.

Washington, Nov. 22.-D. N. 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 $313, $50 OTIS. an
increase of $l5.66S055 as compared with thu
year before; net ordinary expenditures,
$356. l95. 2sS. decrease of 81, 32s.sS1 Includ-
Ing the public debt, the total receipts on all
accounts were $720, 5l6.625. and the expendi.
lures $710.472.157. A further sum of 81, 157.-
700 was deposited in the treasury prior to
the end OF June on account of a purchase Of
gold coin to maintain the reserve, but w.e
not formally covered in, and therefore does
not appear In the accounts for the current
fiscal year.
At the close OF business June 80, 1894, there
stood charged to the treasurer on the books
OF the department a balance of s763. 565, $40
Adding to this the receipts for the year
from all sources gives $1.4Sl. 0S2.165 as .he
total to be accounted for. and deducting tho
expenditures leaves a balance of Sta, 6lO, OoS
June 30. 1895. In addition to this accounta-
bility to the department the treasurer had
liabilities on other accounts which brought
the totals to $50. 753 and 1912 lS9 on the
two dates. respectively. After setting aside
the amounts treated as unavailable. the
principal OF which, $2S, ga, deposited
win the states under the law of 1886, there
remained the sum of SITS. SIC, $50 In 1894 and
the sum Of $Sl2. 627. 1872 in 1885, for which there
were live assets In the several Offices Of the
treasury and mint and in the depository
banks. OF these balances the sums of $780,
1856 and S579. 247. S63. respectively, were on
deposit for the redemption of outstanding
certificates and treasury notes, leaving
$15s. 1884, 39 and $233 379. S59. respectively. as
the balances on account of the general
fund.
Retirement of Treasury Notes.
Aside from the variations in the total
stock Of gold in the country. which are de-
pendent upon the domestic production ard
consumption Is well as the import and sX-
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 treas
ury notes of 1880. through their redemption
in silver dollars. By this process, which be-
gan In August. 1893. and has continued
since. the total issue of 55.931 .002 of these
notes was reduced by September 80. 1895. to
$143. 666, ESQ. 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 $153. 550. ESQ. on November
IL, 1893.
Uncurrent gold and silver coins of the
face value Of $4.57S.647 were transferred,
during the year, from the treasury to tho
mint for recoinage. The loss thereon
arising from diminution of weight was
32ol.1o7 Up to the end of September last the
sum OF 1926. $50 In Columbian half dollars
had been exchanged for gold coin.
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 tho
securities have become the property of the
United States.
The amount of national bank notes re-
ceiyed for redemption was nearly $780,
600, OF which $35. 0Oo. 900 for circulation were
returned to the banks of issue. Inclusive
of charges for transportation, salaries, stu
tionery ana contingent expenses. the total
costs Of the redemptions for the year were
$780, which have been assessed upon tho
banks at the rate OF S115 per s., 900 Of notes
redeemed. The deposits on account Of the !
reduction or retirement of national bank |
circulation amounted during the year to |
81, 056,172, and the redemptions on the same
account to $1SO6S,639.