The times. [volume] (Richmond, Va.) 1890-1903, 1896-11-29
REPORT OF TREASURER
THE DEFICIENCY ~ THE TREfSU-
RY REDUCED gERT MUCH.
The Gold Eeserve-Outstanding Public
Debt Money ina CirculatiOn-Appar-
ont. But Not Real Loss.

WASHINGTON. Nov. 2s.-The annual
report OF Dan.el Morgan, Treasurer Of
the United States. made public this at-
ternoon, shows the total receipts from
all sources during the fiscal year ended
June Sd. last to have been S3-J,9l6.20), as
AGAINST Ssl3.&0.01J for the fiscal year 1885.
an increase OF $3.50. rs. The receipts from
customs aggregated Slooo1l,.ll. d gain of
SlSsIsl. from internal revenue, {li5,.52,-
s5i. a gain of s3.3n.lsz, from sale OF pub
lie lands. SlO0J.Z.3, loss Of $3.50, from
miscellaneous sources, slsA6'vC0' u gam
OF ,-,ii3l--.
The total expenditures for the year
were EiJ-1sJ.tiJ, as against 500, 10, 70 loT
$50. decrease OF sAVl5,sj2.
The deficiency Tor the yeas IS SZJ,ZJ5, 20
or Sll.Nl.au less than tor last year.
The ret receipts from the {-l2I5,iO OF
bonds sold in 1894. Ilj, and 1876, were
S2yi 1890
THE GOLD RESERVE.
Continuing. the report says;
In ordinary times and under ordinary
circumstances there is a natural How or
go.u toward the Treasury, which often
Is limited only by the capacity OF the
Treasury 20 carry the specie. The pro-
duet OF our mines finds It's way 10 mint,
where il IS paid Tor by checks, and these
are paid at the counters of the SUBJ
treasures or through the clearing house
i'm New York as currency obligations. Inc
result is an Increase OF the gold reserve
and dimunto Of belance OF notes
ana silver certificates. Gold imported
in the form OK bullion or foreign coin
takes usually the same course.
Besides these two SOURCES of ordinary
gain 10 the gold reserve there is another.
ia tho direct exchange OF paper currency
for the coin. where the paper Is preferred
for its greater convenience. Fortunate.
indeed has IL Leen Tor the Treasury mat
even during the most critical periods
through which the country has recently
Iassed these currents OF irilow have not
tcen altogether checked, and that where
thei- ..iume has been materially dimin-
ished the loss has been partly made good
by the assistance Of financial Institutions.
IN the fifteen mOntns ending with Sep
tember last. the Withdrawals OF gold
from the Treasury IN redemption OF
United states notes and treasury notes
amounted % the immense sum OF Si92-
s722lj while the net gains OF gold from
all sources attained a total OF sy3,l3S, sJ2.'
The outstanding public debt June 10.
1896 aggregated Sl769, Si0.323. as compared
with S.6i6,lz0,ss3 on the same day 1873.
MONEY IN CIRCULATION.
According to 4 revised estimate Of the
department the composition and distri-
button Of the monetary stock for the
fiscal year 1886 is as follows:
Kind In Treasury In Cir
ury and MINIS. culatiOn.
Gold coin............ Sll2. ga sl5i, 9OJ. O6l
Gold bullon........... 32,i02925 .........
Silver dollars. ......... 37s.673l37 52li5.90i
Fractional silver coin 15.1sl.056 6O20i.f5l
Silver bullion ......... l20933.s5S 1.032. J65
Total metallic. 90. $3.50 067. O5i $685.. 25s. sS4
United States notes. l22, 4Sl,l4s 224 2i9, 6SS
Treasury notes or
1890 ................. %s3s03s s5,ot5, 247
National Bank notes l0,s32,i25 2l5, l6s. i22
Gold certlhcates...... 62O,0I0 42l9s. ll9
silver Certificates. ll962.sl3 $50. s57, l97
Currency certificates 10000 1850. 900
Total paper......... $50. s0o. $50 So. 2Os. 5i7