The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-04
STATISTICS OF TREASURY.
CONDITION MUCH STROyGE1 THAN
AT YEARS COMMENCEMENT.
auieed the Floating Of Nearly
$500. 900. 600 TO Maintain During
Cleveland.s Term, Has Increased.

WASHINGTON, Nov. 3.-The treasurer
Of the United States. Hon. Ellis f. Rob
erts. has submitted 20 the secretary OF the
treasury the annual report on the trans
actions and condition OF the treasury for
the past fiscal year. The net ofdanary
revenues Of the government were $ieSsS.l.-
s55, an increase Of 81. $50 over these OF
tn previous year, wa.is the net ordinary
expenses were SsS. 3Ss,sa2, an increase OF
s.. s94 A. The resulting deficiency OF 49,
es7,z47 exceeds that OF the preceding year
by sfe $50 s93.
In the receipts is included $64, al, 2z3
paid into the treasury On account OF the
sale of the Union Pacific and Kansas Pa
ciiic railroads. Out OF them was paid So
$685. for bonds issued FOR the construc-
ton Of the Pacific railroads, which went
10 Increase the expenditures.
Up to the close OF the fiscal year the in
crease Of the expenditures on account OF
the war with Spain was $43, GAL. i3o for the
war department and 81. o.. ABS for the navy
department. For the four months OF July,
August, September and October, 1885. the
expenditures OF the war department were
si0s. 5.o. 3Ss. being ISL, 61:,131 greater than
for the same months IN 1897. For the same
months this year the navy department ex-
pended 81. 557.511. which was $ls,ol4. 026 more
than ii spent in the like period in 1897. Up
10 the disbursements OF these two depart
rneDis. the sum of Slti $50. Is.
Independently of the prospects of revenue
Or expenditures. the treasurer regards the
treasury as having been stronger at the
close than at the opening OF the fiscal year,
the insignificant ohrinkage in the amount
OF assets having been more than compen-
stated for IN the improvement which took
place IN its character. Against a net loss
Of 81 10000 in the total holdings available
for the fsca. operations of the government
a III
In free gold. coupled with an increase of
near.y S2s,0Cc.0 go In absolutely secured de-
posts IN the banks. and these changes
We're effected at no greater cost than the
loss OF SO much in silver and treasury
notes
The total available assets were $s74. 7ei. 377
on June 81, 1897, and 1886. 600. e3S year later.
BY the addition of the unavailable assets
carried by the department these totals are
sweEed to ssei, Hits and SS49. 2o2,sii re-
spectiyely On June 80. 1885, the treasurer's
500. 15l sos with one Of S66 4s5. $50 sustained
In his capacity as the depcsltary of public
officers and enc of SIG. Alb for moneys
paid into his hands but not yet covered by
warrant into the general account.
In every year, during the period of the
movement OF The crops, there Is a demand
small notes. BY forethought and care.
during the past fiscal year and the au
tumn, an adequate stock or notes OF differ
ent denominations was provided and the
ilv made.
The outstanding notes OF the denomina-
tons or so and under which decreased In
1856 to the same date in 1887, increased by
Sal Go. 90, in the twelve months ending Sep
TENDER 80, 1898. The gold in circulation
rose steadily by $40. 32s .2s3 in the former of
the two periods and hy s94. 55l,e59 in the
latter. The total currency of all kinds in
circulation shows an increase of s96. 539. 249
In the former year and one OF $l3', 100, ss4 in
the latter. gain OF 1924 2e4 103 for the two
years. In answer to inquiries from the
West and Northwest, the treasurer has
prepared a table which shows the amount
OF capital. surplus, undivided profits and
tory north Of the Ohio and west of the
Mississippi in July in each OF the last three
years. The aggregates for the three pc
RODS are successfully 1923, 97a746. s9ls 254,-
40 and s9s7 $40 1856. While these figures do
not show the resources OF this sort in their
completeness. they furnish irresistible
proof of the strength which this immense
region has gathered in the instruments Of
commerce.
In a chapter in which the treasurer re-
views the history Of the net gold bal
September /. 1893. the highest point which
this balance had ever attained was s2la,-
ose.232. on April g., 1888: On June 6. ls9s
the amount was $50 Sea- the lowest in
fifteen years or from June. 1878. BY the
exchange of notes for gold with the banks
the net gold balance was brought up 10
minimum mark was reached February J..
1894. at S.. i3s 31S BY the proceeds OF
sale of bonds amounting TO $,s.66o.9l7. the
net gold balance was increased 10 500 .446.-
Sa3 by March g. Under reaction. however.
it again fell 10 So. 9I5. COZ by the end Of
July, 1894. Another safe OF bonds in No
vember and December of that year brought
in sas,7la.7le. and the geld balance on De-
eemher 4 1894. was Slli.I4202i. The remedy
was effectual for only brief period for on
February II, 1885, the treasury, held only
sold. fer which payments aggregating
SIS AS. 05e were received from February TO
June. Thus The net gold balance was car
and by February 5, 1895, the gold
balance had fallen TO $t4.5s3. 493. For the
fourth time resort was had TO a sale Of
bonds. which produced up 70 June sil1.-
5a5. si2 and brought the gold balance up to
a maximum OF $lS.7l3. zoo from which
point II sank again by july -. 1896. TO $50
6Gass5. Since that month the reserve OF
slice scae1 has not been entrenched upon
With some fluctuations. the tendency Of
the gold balances has been steadily up-
ward The sources of supply hay;s hes n
Alaska and Australia. with importations
from Europe. the customs and the boards
Of the banks. Until the beginning Of the
year lsas, the receipts OF gold AT the New
York customs house were a negligible
quantity, bat in March they rose 10 It. :
per cent o: the whole. In April 10 527 per
\ PEE cent IN september and 1916 in Oc,o-
her. The tenders az gold from banks and
individuals IN exchange for paper have
been greater than the resources Of The
treasury have enabled IL to accept
The only change Of Importance in the
public debt was the payment of 81 Sja s.s2
II the Pacific railroad bonds The remain
der Of this loan outstanding on June ~ was
81. i.3.56-e az a. which VIII be PAYABLE AT
ter January :. 1870.
The gradual increase of the circulation
80 the subsidiary silver coins which mas
drawn down the treasury holdings OF them
IN the last afseeu years from 80 90 on 10
itfiie over $9'ssa.sN the treasury saws
VIII soon make = necessary n provide a
farther Supply of this class Of currency.
The r~rrtpts of national bank notes for -
&emption for the year amounted 10 go. ll2 10
ssss a. compared with Sli1s1sn8 for the
year preceding. The total expenses ~ re-
8eunt1on were sl25 Gas ana the annual
assessment or the ranks Is a. TIE rate of
& s*s6 FER each s. Ms 81 notes redeemed
SPANISH SOLDIERS CAV REMAIN.
Government VIII Permit some Who