The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-12-07

or deficit of ............$ 2S,00O,0 600 90
The estimate of deficit for the year
1899 is placed at $21, SAT, $685.
Operations of the Treasury
Dealing on this subject, the report
says:
The treasurer of the United states re-
ports that he total available assets of
the treasury were $3.50, 6S5, 32l.7O at the
opening CT the fiscal year and $S74,764-
377.23 at the close. OF these sums, $685.
1854, 34S.70 was available on June 80, 1896,
and $2S3, 295, 42423 ON June 30, 1897. for the
strictly. fiscal operations of the govern
ment, while $547 1913 was held at the
former date and 1891, 46S.95S at the lat
ter. on deposit against outstanding GER
tificates and treasury n5tes.
In addition to the ne. ordinary reve-
nues, the treasury received $15,44S,970 in
deposits for the retirement of national
bank notes and $3.50 in refunding Ger
tffieates for conversion into bonds, so
that the Total income available for the
fiscal operations of the year was $685.
ITS 92516. AS against this there was dis
bursed. besides the ordinary expendi-
lures, the sum of $11 ,97S.502 on account of
bonds and fractional currency, and the
1uIlneI SUN VI 2IisVo4,ooo-oV al eiiN i~tAiS
merl Of national bank notes. making
a total of 1888, PAS, 0l7.O7 The net loss Of
available cash arising from these opera
lions was therefore $25,67f, 09191.
In the issue of paper currency the OPP
erations of the year. which amounted to
1914. S4S. 900. were exceeded in any like
period but once. in 1892. and then by only
a narrow margin The redemptions,
oil Or
lively heavy. The presentation of ma
tional bank notes for redemption in
creased to such proportions as to over
tax the capacity of the force employed
I'm counting and asserting, and required
considerable advances to be made out
of the general funds of the treasury
By an increase of The force, however,
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 the past four months and the
tendency is toward still further adj
vance. The net gold al. the close of the
last fiscal year amounted to $l4O,79of3S,
and has increased since then to s157, 49,
9SS on November 80
Deposits
B.. The value Oh SOlu NSPtSietu at uiie minus
and assay offices during the year was
s12s, los, 5OO,53 The coinage value Of sill
yer bullion received was $9725,o222e.
Purchases
The purchases of silver bullion for sub
etdiary silver coinage under the provls-
ions of section 1926, revised statutes of
the United STAKES. aggregated 259,24S.6O
fine ounces, costing $l71, 45542.
Recoinage
The face value OF uncurreBt domestic
gold coin received ait the minis and as
say offices was s1o25121 OF this
amount, 1923, 751 was transferred from the
treasury for recodnage, and me remain
der, $401,370, was deposited by ind.vd-
uals, the total coinage value of which
was $1,15,914.41. Il
Worlds Stock of Money
The total mearfc stock and uncovered
paper of the world, complied from the
latest reports, is estimaDed to have ben
on January 1, 1897:
Full legal tender silver -. :. 3,615, 800. 900
Limited tender silver ..... 652 800 OOO
Total metallic stock. 80. :. 1927, 900. 900
Uncovered paper ........ -. 1855, 800, 900
1otai ..... .......... s..... IL, 1913, zoo, 900