New-York tribune., 1897-12-08
OPERATIONS OF THE TREASURY.

OPERATIONS OF THE TREASURY.
The Treasurer Of the United States reports that
the total available assets Of the Treasury were
1855 49, 321 70 at the opening OF the fiscal year and
SS74 164.3 377 23 at the close. OF these sums s"os-
354 34s 20 available June 30. 1894. and s2S3-
2aS 424 90 June 30. 1907. for the strictly fiscal
operations Of the Government. while s547 33o.973
was held at the former date and $591 46s953 at the
latter on deposit against outstanding certificates
and Treasury notes.
In addition to the net ordinary revenues. the
Treasury received e15 07O In deposits for the re-
tirement OF National bank notes and $3.50 In re-
funding certificates for conversion into bonds, so
that the total income available for the fiscal opera
tions of the year was s363 1895 10. AS against
this there was dsbursed. besides the ordinary ex-
penditures the Of s11,31S5C2 on account OF
bonds and fractional currency and the further sum
Of s11 092 355 30 In the retirement OF National bank
notes. making a total Of sSSs245.Ol7 OF. The net
loss Of available cash arising from these operations
therefore S25.071 .091 ~.
In tho issue of paper currency the operations OF
the year. which amounted to S3'4s4S0oo. were e1-
ceeded In any like period but once. IN lo"Z ana
then by only a narrow margin. The redemp'iohs'
amounting to $3.50. 710.020 were also relatively
heavy. The presentation OF National bank notes
for redemption increased to such proportions as TO
overtax the capacity Of the force employed In
counting and asserting. and required considerable
advances to be made out OF the general funds or
tho Treasury BY an increase OF the force now
ever. the arrearage Of work was brought up before
the close Of the year
The accumulations Of gold in the Treasury have
been steadily increasing during tho last four
months. and the tendency Is toward still further
advance. The net gold at the close Of the last
fiscal year amounted to $40 79073S. and has In
creased since then to $751; 1l3.9ss November 30.
SILVER QUOTATIONS.
The highest quotation for silver. 925. in the Lon
don market during the year was 3l1s pence. equal
to % 6905l per ounce. fine. United States money; the
lowest quotation for the year was IN pence equal
to so60o51 The average quotation for the year was
. Sls pence. equal to 3o6479i per ounce. fine
At tho average price OF silver for the year. the
commercial ratio between gold and silver was / to
3IN; at the average price OF silver for the year u
would purchase 7N65 grains. equivalent to l~
IMPORTS AND EXPORTS
The net exports Of gold were 81 GOO sl. as against
SIS sl2 net exports for tho previous fiscal year
The net exports OF silver were S2e5S.s3S. as
against &s3 @2 rs for the fiscal year 1886
PRODUCT OF GOLD AND SILVER.
The product OF gold and silver in the United
States for the calendar year 1895 was. gold. SSoos
coo: silver. coming value, C60e.2 236
The commercial value Of tho silver at the average
price per ounce go go was $50 65o.co.
INDUSTRIAL ARTS.
tn. value Of tho precious metals employed In the
Industrial arts In the United States during the
calendar year 1896 was:
silver NEUTRALITY-SUSPICIOUS..
METALLIC STOCK IN THE UNITED STATES.
The stock OF gold and silver in the United States
on July l. 1897 is estimated to have been:
Gold "a :o9 Isl
q, a,o 100 aca
WORLDS STOCK OF MONEY
Tho total metallic stock and uncovered paper OF
tho world. compiled from the latest reports Is
estimated TO have been on January ]. 1897;
Full legal tender silver ssiS ~" ~" o,.,
Limited tender silver ..........'.....'.'' ''-''
Total metallic stock .s 80 q !,
Uncovered paper ACKNOWLEDGEMENTS, '
Total no "'o'
WORLDS PRODUCTION OF GOLD AND
sIVER.
Tho world. product OF gold and silver for the
calendar year 1885 was;
silver commercial vslue)............. :ss o
Silver (coninG value ~'"''''' wv
The Tariff act OF July a. 1897. entitled An act
TO provide revenue for the Government and to en-
courage the industries OF the United States. has
no, been IN force long enough 10 determine fully it'
merits but II is confidently believed that when In
full operation It will afford ample revenue for the
ordinary needs OF the Government while adc-
cuateIy protecting our manufacturing and agrcult-
ursl interests
Owing to the heavy importatons which were
made In anticipation OF the passage OF the meas
ure the customr revenues received during tho mrs,
three months OF the operation Of the act have been
diminished and are not indication OF tho reve-
nue. which the law will produce when importations
are normal.
INTERNAL REVENUE.
The receipts from tho several objects OF taxation
under the internal laws for the fiscal years
ended June 30 1896 and 1891 follows