St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-11-23
NATIONS MILLIONS
TREASURER MORGAN'S STORY
OF THE CONDITION OF THE
TREASURY.
INCOME AND EXPENDITURE:
ONE INCREASED $15,6OO,OOO, THE
OTHER DECREASED SILL
100000.
TREASURY NOTE REDEMPTION.
The Total Issue of $155,90O,Ooo
Has Been Reduced to $143,-
100000.

WASHINGTON, Nov. 22.-D. n.
Morgan, treasurer of the United
States, in his annual report on the
condition of the treasury, says the
net ordinary revenues OF the gov
ernment for the fiscal year ended
June so, 1895, were 91S,S90,070, an
increase of SIS, ,66S, ,055 as compared
with the year before; net ordinary
expenditures, 1856, 1875, ,29S, a decrease
of S11, ,32S, ,9S1. Including the public
debt, the total receipts on all ac-
counts were $72O, ,625, and the ex-
penditures $710,472, 157. A further
sum of $31 ZOO was deposited in
the treasury prior to the end of
June on account Of a purchase OF
gold coin to maintain the reserve,
but was not formally covered in,
and therefore does not appear in the
accounts for the current year At
the close of business on June 80, 1894,
there stood charged to the treasurer
on the books of the department a
balance of $763, ,565, $40. Adding to
this the receipts for the year from
all sources gives 81, ,4S4, ,0S2, 165 as the
total to be accounted for, and, de-
Quoting the expenditures, leaves a
balance of SITS, ,610,00S on June 80,
1895. In addition to this accounta-
bility to the department, the treas
urer had liabilities on other accounts
which brought the totals to 1904 ,S54,-
753 and $S42, ,14S, ,1S9 on the two dates
respectively. After setting aside the
amounts treated as unavailable, the
principal of which, $2S, ,101, ,644, is de-
posted with the states under the
law of 1886, there remains the sum of
$775, ,310,5 in 1894 and the sum Of
| $S12, ,627, 722 in 1895, for which there
were live assets in the several Off
ces of the treasury and mint and in
the depository banks. Of these bal
ances the sum of $616, 155, ,720 and
| S579, ,247, 1863 respectively were on de-
posit for the redemption of out
standing certificates and treasury
notes, leaving $159,154,7S 7S9 and $685.
379,S5 respectively as the balances
on account of the general fund.
TREASURY NOTES.
Aside from the variations in the to-
tai stock of gold in the country, which
are dependent upon the domestic pro-
duction and consumption as we'll as
| the imports and exports of the metal,
the next most important change now
! going on in the composition of the
money supply arises the report says,
from the gradual retirement of the
treasury notes Of 1890, through their
redemption in silver dollars. BY this
process, which began in August, 1893,
| and has continued since, the actual
issue of $155, ,931, O02 of these notes was
reduced by Sept. 20, 1895, to $143, ,666, $50.
! AS the reduction began before the orig
inal issues in the purchase of silver
bullion were discontinued, the amount
of the total cost of the purchases were
never outstanding at any one time,
the highest point ever reached being
S15S, ,550, $50, on Nov. IA, 1898. Uncurrent
! gold and silver coins of the face value
of $4,57S,647 were trasferred during the
year from the treasury to the mint for
recoinage. The loss thereon arising from
diminution of weight was S2O1, ,1O7. Up
to the end of September last the sum
of 1926, $50 on Columbian dollars had
|
Under the provision of an act of con-
gress the face value of the state bonds
and stocks formerly held in trust for
the various Indian tribes had been
placed on the books of the treasury
to the credit of the several tribes, to
| draw interest at the rate of per cent
| per annum, and the securities have be-
come the property of the United States
The amount of national bank notes
received for redemption was nearly
$S7, 600, 600, of which $35,OOO,OOO for circu-
lation were returned to the banks of
issue. Inclusive of charges for trans
portation, stationery and contingent
expenses, the total cost of the redemp-
tions this year were $1OO, 352, which have
been assessed upon the banks at the
rate of $1.15 per 81 600 of notes redeemed
The deposits on account of the reduc.
ton or retirement of national bank
circulation amounted during the yeal
to S12,O56,172, and their redemptions on
the same account to $13,06S, ,639.