Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1898-11-05
WAR AND NAVAL
EXPENDITURES.
The Increase Paid Out on Account Of
Trouble With Spain Is Over Six
ty.Seven Million Dollars.
GOLD RESERVE THE
HIGHEST EVER KNOWN.
Tho supply Of Gold Has Come From
Various SOurces-Subddlary sil.
YER Coins Reduced TO About
Nine Million Dollars.

Washington, Nov. 4-The treasurer
Of the United States. Hon Z. II. Rob
ers, has submitted 20 the secretary Of
the treasury tho annual report on the
transactions and conditions u the treas
ury for the fiscal year The ordinary
revenues OF the government were $780,
32i, 1886, an increase Of s57,50i03O over
those Of the previous year, while the net
ordinary expenditures wero sils,56S,.
5s2, an increase Of 1924, 4g3. The re.
ulting deficiency OF t3s,Oi72i7 exceeds
that OF the previous year by al0,90i, 19a.
Up 20 the close Of the hscal year the
increase of the expenditures on nc.
count OF the war with Spain was si8,.
A,is2 for the war department and Sgi,.
z62, i9s for the navy department For
the months u July, August, September
and October 1905, the expenditures Of
the war department were slO1 500, sGs,
being ssi, 6ls,i3l greater than for the
same months IN 1897. For the same
months this year the navy department
expended s97, 459,577, which was si6..
0li,0lG more than It spent In the like
period In 1891 Up TO Oct -, the war
with Spain added 10 the disbursements
Of these two departments the sum Of
sl6l, ,22s.
Independently Of the prospect Of reye.
enuo or expenditure, the treasurer re-
CARDS the treasury AZ having been
stronger nc the Gloss than AZ the opening
Of the fiscal year, the insignificant
shrinknge In the amount Of the assets
having been more than compensated Cor
In the improvement which took place In
their character. Against net loss Of
1850, 900 in the total holdings available
for fiscal operations Of the government
there was a gain Of upwards Of csc 600.
600 in free gold, coupled with an in.
crease Of nearly s23, OOO, 600 In absolute.
ly secuscd deposits with banksan these,
changes were effected AZ no greater cost
than the loss Of 30 much In silver and
treasury notes
The total available assets were ss7i,.
2Gi, a11 on June 30, 1851, and $50. G0G..
79G year later. BY the addition OF the
unavailable assets carried by the depart.
rnent these totals are swelled 10 s9Ol,.
4i,570, and ssG9, 2O2, 0ii respectively.
The total currency Of all kinds in cir.
oulation shows an increase OF co., $50.
$40 in the former year, and one OF $751;.
7h5,sal in the latter, a gain s23i, 29i 4, JOB
for the twoyoars.
In chapter in which the treasurer re-.
views the history OF the net gold bal.
ance In the treasury, he says that prior
TO Sept. /, 1898, the highest point which
this balance had ever attained, was s2ig..
0b5, 232, on April 3, 1865. On June Q,
1898 the amount was ss1,5s0, 1Gi the
lowest in i5yeau.
With some fluctuations, the tendency
Of the gold balance has been steadily
upward. The sources Of supply have
been the mines OF the northwestern
states, Alaska and Australia, with i'm.
portations from Europe, the customs and
the boards Of the banks The tender.
Of gold from banks and individuals in
exchange for papers have been greater
than the resources Of the treasury have
enabled II to accept.
The product Of the war revenue act,
coupled with the proceeds Of the war
loan, gave rise to natural apprehension
that the drain upon the currency OF the
country might create a stringency which
would be- harmful to business. To pro.
vent such a result, notice was given that
all coupons falling due ON Oct might
BE- presented for payment on or after
Sept 10, and that checks for interest on
registered bonds of the same loans
would be sent cut ON Sept 20, or a
soon thereafter as they could DO pre-.
pared.
Whom Il became obvious, by tho sud.
den close OF hostilties that the demands
ppon the treasury would not reach the
magnitude for which provision had pru.
IDENTIFY been made tho secretary de.
terminod 10 deposit a largo share OF the
proceeds Of the popular loan In national
banks In all parts Of the country. By
this process the funds, while at all times
available, for the use OF the government
remained IN the channels of trade. The
balance standing 20 the credit Of tho
treasurer on this account on oct. 81, was
go, '50 ,000 The result Of the methods
OF dealing with the situation has been In
all respects satisfactory and tho immense
tnancinl operations OF the war have been
conducted 10 that the money markets