The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-02-22
SECRETARY CARLIsLEREPoRTs
TO THE SENATE.
AN EXHAUSTIVE STATEMENT MADE.
Tho Course Of the Gold Reserve and of
the Treasury Notes During the Past
Two Years Set Torth-Ihe Pres
ent Conditions-A Bewilder-
ing Array OF Big Fig
ures Are Presented.

WASHINGTON Feb 15.-Secretary
Carlisle sent to the senate his reply
% the resolution recently introduced
by Senator German asking, among
other things, for information as to
what portion of the gold reserve in
the treasury January l, 1893, had
been used for current expenditures,
and how much of the fund realized
from the recent sale of bonds had
been so used, and the amount re-
quired to replace the money so used.
The secretary said that the original
reserve, augmented by the gold pro-
ceeds of the sale of bonds, was
diminished during the period of
twenty-five months to the extent of
$172, 674, 3l5, of which $1O5, OO2, 143 was
directly devoted to current expenses
and $67, 672, i72, which had been con-
verted into notes by the process of
redemption, was still on hand. cit
is proper to state in this connection,
he went on, that when United States
notes or treasury notes of 1890 were
redeemed in gold, they were re-
ceived into and held as part of the
general cash assets in the treasury,
the same as any other money belong
ing to the government. and under the
acts of May 81, 1878, and July IA,
1890, they are paid out when neces-
sary to defray the public expenses.
Whenever it has been possible to do
so, the redeemed notes have been
used to procure gold coin by exchange
with banks and other financial insti-
tutions and in this way large
amount of gold was restored to the
gold reserve fund during the summer
Of 1898, and some since that time"
A table submitted shows the total
assets in the treasury in excess of the
certificates and treasury notes out
standing on July l, 1s93 were $780,
$50, 6s1, and on January l, 1895, $133,-
297,277. Of the first amount $95, 1885,
41o was gold and the second $50, SOL
6OO The cash balance in the treas
ury December 81, 1894, available for
the current expenses of the govern
ment, but not Including the gold re-
serve fund. is given as follows: Silver
dollars and bullion, $7,65O, 3O5;
fractional silver coin, $14,4S3,-
636; United States notes $34, 914, 157;
treasury notes of 1890, 1913, 1863, $50; ma
tional bank notes, $4, 759, 972; minor
coins, 81, ,1O4, 1856; deposits in banks,
BIS, ,Osl, ,275; bonds and interest paid,
$12, PAT, making a total of $1O6 375,-
74O The actual amount of gold in the
treasury on July 1, 1894, was 1854, s73.-
O24, and January 1. 1894, $50 961 500.
The amount of gold received from the
sale of United States bonds from jan
uary /, 1854, to December 81, 1894,
both inclusive, was $117, 3Sc,28 The
amount of treasury notes and United
States notes redeemed in gold before
the same date was as follows: Treas
ury notes, SIT, SO4 ,O25; United States
notes, 1928, ,941 ,O59, making total of
$141, ,745, 1O4. The cash balance of gold
on this account, Decem ber 81, 1894. was
$50 244, 445.
The amount of United States notes
and treasury notes IN the treasury
January 1, 1894, exclusive of United
States notes held for the redemption
of currency certificates outstanding,
was So, $780, OS6. Adding to this $l41,-
745, 1O4, the amount of such notes re-
deemed to December 81, 1894 and
$45, 5,117,738, the amount of like re-
demptions during the following
months, give total OF 1913, Isl, 92S OF
such notes availab BILE during the whole
period, exclusive of ordinary receipts.
The amount of these notes remaining
in the treasury January 81, 1895, the
date of the resolution, was Rs5, ,627, $50,
showing that of total of $1s6, s62,-
s42 redeemed in gold, from January
l, 1894, there had been paid out $l07,-
523, 939. OF the amount paid out
1885. 453 was for current expenses
and 500, 538, 1876 was in exchange for
other kinds of money, including gold.
The report also shows that on July
l, 1894, the expended balances of ap-
preparations aggregated $7S,291, 105,
and the total amount available for ex-
penditures on that date was 1864, &c.,
414, making the total available July 1,
1894, $442, 9O7, $50. The expenditures
during the six months ended Decem-
Der 81, 1894, amounted to $186, 952, $50,
leaving an unexpended balance Janue
ary 1, 1895, of $255, 955, O39.
NEW YORK, Feb. 15.-La Gascogne
will sail for Havre next Wednesday,
as the broken piston can be replaced
by thou, Five thousand dollars will