Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-05-08
Figures to Study.

Figures to Study.
The total cash in the United States
Treasury April 1, 1896, was Ss74,9es,-
947.13, but did not all belong to the
government.
On that date there was in the treas
ury, cash as follows:
Gold $l71, 700. The holders Of
gold certificates owned $43,SS2, 469 of
this, leaving balance belonging to
the United States of $1ss,0O3, 24O.
Silver in dollar coins 1911 ,497, 1854
The holders of silver certificates
owned $34s, 1926, 1904 of this, and $751;
1914, O73 was held to redeem treasury
notes of 1890, leaving $9,277,5S7 be-
longing to the United States.
Fractional silver coin, SIS, 246,374,
all belonging to the United States.
Silver bars 1922, 1877 ,2O64 40, purchas-
ed with treasury notes and held to be
coined to redeem them.
Greenbacks $114, $685. 34 The hol-
ders of currency certificates own $34,-
6sO,OO of this, leaving $79,712,534 be-
longing to the United States.
Treasury notes OF 1890, $32, 1859, 314
all belonging to the United States.
Gold certificates $3.50, 22O, all be-
longing to the United States.
Currency certificates, $4,000, all
belonging to the United States.
Silver certificates $11, 293,07s, all be-
longing to the United States.
National bank notes $7,11O,997, oil
belonging to the United States.
Minor coin and fractional currency
81, 14s, 966S9, all belonging to the
United States.
Deposited in national banks by
government 500. 01O, 1898. 95, all belong
ing to the United States.
Reorganization of cash belonging to
the United States.
Gold.................. .$128, DOB. 24O 90
Silver dollars."....... 9,2T, $500
Fractional sllver......... 1926, 374 90
Greenbacks..... ...... -" 70, 712, 534 90
Treasury notes of 1890 32,352, 3140 90
Gold certlficates........ 5s3, 22O. 90
Silver certificates ........ II, 293, 078. 90
Currency certificates. 220,000.00
National bank notes.. 7,110, 997. 90
Minor coin and frac-
tional currency. 1,14S,966 80
Deposited in Nat. B'ks...26, 010, 993. So
Total................". $310,959, $685.
The total cash belonging to the gov
eminent amounted to 311 million dol
lars in round numbers.
Against this vast sum of ready cash
assets, the liabilities of the treasury
were only 40 million dollars, as fol
lows:
Fund held for redemption
of uncurrent National
bank notes.. s S,155, 654. 90
Outstanding checks and
ACKNOWLEDGEMENTS. G,J0S, U00. UU
Disbursing officers ball. %, 4O3, Ill. 100
Agency accounts, &c.,. 1921, 1874 90
OBSERVATION-DISCLOSURES" $40, At, 90
Deducting these liabilities from the
cash and there is a net surplus of
271 million dollars. This is tremen-
dous sum. Not more than fifty
millions of it ct the most is necessary
to keep on hand. This vast amount
of idle cash has been accumulated
by the issuance of 10 and 80 year
bonds, mostly the latter. The bonds
were entirely unnecessary, and the
800 million dollars interest on them
that will be wrung from the hands of
toll by the time they will fall due will
be "a rake-off" to the money power
and dead loss to the people. Two
hundred and thirty-nine million
dollars is almost an incomprehensible
sum, yet it is very small part of the
loss occasioned by the bond issue.
The withdrawal from circulation OF
money is the same as destroying the
money for the time being. The loss
to the people-the shrinkage in the
value of property by buying up the
money of the nation with bonds and
holding it idle in the treasury will
figure into thousands of millions.