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

WASHINGTON, Feb. 15.@Secretary
Carlisle sem to the senate his reply
to the resolution recently introduced
by Senator German asking, among
other things, for information as to
what portion Of the gold reserve int
the treasury January l, 1898, 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-
CURED to replace the money sc used.
The secretary said hat 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, 315, of which $lO5, OO2, 143 was
directly devoted to current expenses
and 1867, 672, i722, which had been con
verified into notes by the process of
redemption, was still on hand. sit
is proper to state in this connecticut"
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 nave been
used to procure gold coin by exchange
with banks and other financial insti-
tutions, and in this way a 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 /, 1893, were $780,
$50, 6S1, and on January i, 1896. $l33,-
800, PIT. OF the first AMOUNT 500, 49,
As was gold and the second $50, S91,-
500. 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, 81, $50, 3o5;
fractional silver coin, $14,4S3,-
636; United States notes 1874, Ola, 1877;
treasury'notes &c 1880, $as, 800, $50; ma
tional bank notes, $4, 759, 972: minor
coins, 81, 1O4, 1856; deposits in banks,
$l5, Osl, 275; bonds and interest paid,
$l2, PAT, making a total of $1O6, $780,
74O. The actual amount of gold in the
treasury on July l, 1894, was 1854. s73,-
024. and January l. 1894. $780, 61 600.
The amount of gold received from the
sale OF United States bonds from Jan
uary I, 1854, to December 81, 1894,
1,,{ h ~ n1r, S1,N .rryp r.. n ~ 1Cn 200 @ rNL-L
amount of treasury notes and United
States notes redeemed in gold before
the same date was as follows: Treas
notes, 1913, 941, O59. making a total of
Sal, 745, 1O4. The cash balance of gold
on this account, December 81, 1894, was
1856, 244, AS.
The amount of United States notes
and treasury notes IN the treasury
January L, 1894, exclusive of United
States notes held for the redemption
Of currency certificates outstanding,
vas SO, $50, OS6. Adding to this $l41,-
745, 1O4, the amount of such notes re-
deemed to December 81, 1894. and
50, III, 73S, the amount of like re-
demptions during the following
months, give a total of $193, ISL, 92s of
such notes available during the whole
period, exclusive of ordinary receipts.
The amount OF these notes remaining
in the treasury January 81, 1895, the
date OF h resolution, was SS5, 627, $50,
showing that of a total Of 1886, s62,-
s42 redeemed in gold, from January
1, 1894, there had been paid out $1O7,-
523. 939. OF the amount paid out
$67, 1885, 53 was for current expenses
and $40, 53S, 1856 was in exchange for
other kinds of money, including gold.
The report also shows that on July
!. 1894. the expended balances of APP
preparations aggregated SIS, 291, 105,
and the total amount available for ex
penditures on that date was 1864, &c.
414, making the total available July L,
1894. $442, 9o7, $40. The expenditures
during the six months ended Decem-
Der 81, 1894, amounted to $1s6, 952, $50,
leaving an ~unCxpended balance Janu.
airy |, 1895, of 1855, 955, o39.
An AprISTS, tEE