Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1898-11-12
REPORT OF UNCLE
SANS GOLD BOX
United States Treasurer Roberts
Submits His Annual Finan-
claI Report,
TREASURY IS IN GOOD SHAPE
But a Deficiency Exists Between
Receipts and expendi-
lures.
TREASURY IS IN GOOD sHAP
THIS WAS DUE TO The WAR
The Increase Of Expenses on This
Scurc for Four Months
Amounted To Il Total
OF Sf34,O70,045.

Washington, Nov. 5.--The treasurer
Of the United States, Hon. Ellis II.
Roberts, has submitted to the secre-
tary Of the treasury the annul report
on the condition of the treasury for
the past fiscal year. The net ordinary
revnues Of the government were $405,-
I21 1886, an increase of S57, 597, $50 over
those of the previous year, while the
net ordinary expenses were $443,36S,-
5s2, an increase of $7,759,423. The re-
sulting deficiency Of S3S,O47,247 ex-
ceeds that Of the preceding year by
$40, 994, 793.
In the receipts are included $64,75l,-
223 paid into the treasury on account
of the sale of the Union Pacific and
Kansas Pacific railroads.
Out of that were paid $20,Sj0,952 Of
the bonds issued for the construction
Of the Pacific railroads, which went 10
increase the expenditures.
Up to the close Of the fiscal year the
increase of the expenditures on nc
count OF the war with Spnin were
4 3,Oil, 132 for the war department and
$2i,262, i3S for the navy department.
For the four months of July, August,
September and October, 1898, the cX-
penditurcs OF the war department
were SlOi ,52O,36s, being ~$Si,Gl3,131
greater than for the same months in
1897. For the same months in this
year the navy department expended
E27, 450,j17, which was $l6,0l4,92G more
than was spent in the like period of
1897.
Uncle Sans Assets.
independently of the prospect of
evenuc or expenditures the treasurer
regards the treasury as having been
stronger at the close than at the open
ing of the fiscal year, the insignificant
shrinkage in the amount of assets hav-
Ing been more than compensated for
in the Improvement which took place
In their character.
The total available assets were $S7i,-
on June 80, 1897, and $780, 06,-
i3G a year later. BY the addition of
The unavailable assets carried by the
department these totals are swelled to
,57G and $500, 202,0 respec-
On June 80, 1898, the treas
liability To the general treasu-
lIN lullh WIS 90. tol sOOo, WIFI olC VI
i65, 49, sustained IN his capacity as
The depository Of public officers, and
onc of SEC, 9s6,413 for moneys paid into
MS hands, but not yet covered by war
into the general account.
The total currency of all kinds in
shows an increase Of $780,
,39, 240 from September so, 1896, to
80, 1897, and one of $751;
Y55,S54 i'm the twelve months ending
80, 1898, n gain of 1924 ,29I,-
1913 for the two years. There was an
Increase in the circulation OF gold Of
;94, 1851 ,059.
In answer TO inquiries from the west
md northwest the treasurer has pre-
pared a table which shows tie amount
If the capital. surplus, undivided prof
is and deposits of the national banks
II the territory north of the Ohio river
md west Of the Mississippi river in
July in each of the last three years.
The aggregates for the three periods
ire respectively $923,079,7 46, $9ls,25?,-
10 and $9S7,s $40, 100. While these fig
lres do not show the of this
sort in their completeness, they fur
lish irresistible evidence Of the
strength which this immense region
las gathered in the instruments of
History OF the Cold Balance.
4 chapter is devoted to a review of
he history Of the net gold balance
Turing the past ten years, detailing
he various bond issues and other
transactions by which the government
cserve was kept up, and shows that
ince July, 1896, the reserve Of 100000
60 has never been treuched upon.
With some fluctuations the tendency
f the gold balance has been steadily
The tenders Of gold from
'anks and individuals in exchange for
'aper since the beginning of the cal
ndar year 1888 have been greater
han the of the treasury
ave enabled it to accept.
The treasurer reviews the methods
to prevent a drain upon the
urrency of the country on account of
he increasing product of the war rev
nue. act, coupled with the proceeds of
he wal loan, and says that the results
ave been satisfactory in all respects
nd the immense financial operations
( the war have been conducted so
hat the money markets have been in
o degree disturbed at any time.
Change Ia Public Debt.
The only change of Importance in
he public debt was the payment of
g, S50,9j2 of the Pacific railroad
onds. The remainder of this loan out
on June 80, 1898, was $1I,-
cm vOpx tn Gail