The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-11-29
TIE TREASURER'S REPORT.
Deficiency of More Than Twenty
Five Million Dollars.
RECEIPTS FROM The GOLD LOANS
The Gold Reserve Has uccn a, sour.,
VI "uch Concern-MoncS In Treas
ury ana I'm Circulation.

Washington, November 2S.-The auuual
report OF Daniel y. Morgan, treasurer OF
the United States, shows the net ordinary
fc'enues OF the government during the
fiscal year ended juno 80. 1856. to have
been SS26,s'6.2oo; expenditures $3.50 ,179.iiG,
leaving deficit for the year OF S35, aO3 2 i6
or Sl73cl.977 less thaa during the proceed
ing fiscal year
The report shows that during the Las,
fiscal year there was all increase OF S7,S6S ..
1874 in the receipts from customs, an in
crease Of S3,34il92 from internal revenue
sources; an increase of 81, ia7 .6a9 from t1ls
oeiiaheous sources aud loss OF $97 ,S2a
from tie sale of public lands. making Che
net Increase in the receipts slSi,56SI25.
ne decrease In the expenditures amour, 81
TO $i,Ol5,S52
Ihe report shows the total receipts from
the first Eo0,000000 loan of 1874 to have
been $dS,G60,Hl7. the second loan of $50.
uVU'oVo 1874, S5S.7i9,7lQ, the loan OF So, .
90, leo for 1873, sos 42S; the $50 O00 coo and
the 500 600 0C0 loan OF 1895. sli.g55 Gls
IRON the first loan there was realized $50 .
SoV.-oS IN gold coin and S5,Sl0,420 in gol5
eeftlticates' from the second loan
s|G, ool'leS IN gold and S5,0sS, il0 in
gold certificates; from The third
loan sos. 42S. Oal in gold co,, o,a s~t,,.
the fourth loan sloe'3g7 Ak in rnia ', rot,
and S2,026,s $40 in gold certificates Tho -"
tai receipts from the several bond s,io.
therefore were So041slen6
Referring to the eonhit,o, ., ,ho ,,oo-
ury during the last year tba treas,,r,,
says:
While the bash balance In In. ,ro,sur,.
has afforded n co,nfort.hio ,.nrt,t,,.s s',
and would have done So without o,,c,,n,.,
tation from loans the rojd resor,ss b,.
been. the cause OF much concern ana has
been maintained only n, ~, noat -
fresh issue of bonds and Inv tho vo,,,n,,r,,
contribution of hanks ma f,noncioi ,,,''i
tutlons. With tbo cxcontton ~ ,mto,
period I'm the autumn Of ieo5 a,a -.
in the spring of lS0G mo r,,,tm' ra,,,
foreign exchsnoe v,,e srch .1,.,i,,,,
the wear a. "a ror,,,, oc =, VA Vnsi'UN'
the eyport NJ pnIn 1,ho ,,a,s,,,,,. ii1,,,,,
in the first woelf In huos, o,, ,,,,,,a
till the ami az ranuorr s,,.,, a., ~,
,nnnds varo iini1,d -. ~ - NV W.
norters hut IN noco,,hor -t,..,,
withdrawals hepa, 70 ha n',d, w.. nt,,,s.
The auount ,ncronsire 7,,rirr. I,n',o.,. a,5
rising In February wben heavy noymomi,
,vere ,,1oao into ~, trnns, ~ ,, ~
nea,lr $oo ooH nno Co.. in' "o"ps W
"Irndor mt ar,t,, ~, , ,.,,.
sank until Tohrnarv 10 1905 yshon 4, ,'no,
at "a .cq ,oe ~ - ""eu IT. ,," ',.
49,, t1,,, ~ - '"v" iuP'"', o"''
AKA n s5oe "a W. ,n' saio U! o"'..'
,a,. ~ y i"'un a. AZ.
dnrin, Anvil 40 sv,,ort ,,aI, woe ,'0 s,,,,,,i
W. u"i ,,s Hpi" 'ne eNlolt su.u was lesuli.n
~ '"S a.p '''s mio,ei,,ohe 'osetHel WIN
ene eoh,,nuou WithuriwH's lor eSp1''
hsain put III opelaHoh me process OF de-
l'leton' mere was an Almost daliy decline
uhtli july ~, Wnen me ilgurcs foF the re-
serve were $SS'eoN9'9' AT ms point the
BANKERS OF the principal ciues joined TO-
gether In movement or relief the result
being that the banks Eud financial insu-
tutions deposited gold In exchange Tor pa
per currency and restored the reserve 10
$40, 'S2,iOS by August l. After the discon-
tinuancc ~ these operations the free gold
again declined gradually to slO0,957 5Gl,
where j; stood on September /, In the lat
ter half OF August there occurred ia
vorable turn in foreign exchange which had
the effect of checking the outflow of gold
and later of setting in motion rapid cur
rent in the opposite direction, AS soon as
some OF the imported material was brought