The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-04
YEARS. BIG DEFICIT
INCREASE OF s2o,ooo,ooo UNDER
THE OPERATION OF THE
DINGLEY BILL
COST OF WAR WITH SPAIN

AS SnOWH Dy the Report OF the
Treasurer of the United States
Added Direct Expenditures Up to
the First of November Were
- &164, 49,, 22S-Increase In Clrcu-
Iation-Banks of the Northwest.
WASHINGTON, Nov. 3-The annual
report Of the treasurer Of the United
States, Hon. Ellis H. Roberts, for the
fiscal year. shows the net ordinary
revenues Of the government were $405,-
621, 1886, an increase of So, So, $50 over
those of the previous year, while the
net ordinary expenditures were $443,-
S6S,582, an increase Of ST., 594, 423. The
resulting deficiency. of $38,047 ,247 ex,
ceeds that of the preceding year by
$19, 1894, 1893. In the receipts are included
$64, 751, 22S paid into the treasury on ac-
count of the sale of the Union Pacific
and Kansas Pacific railways. Out OF
them were paid $29, $50, 952 Of the honda
issued for the construction Of the Pa
cific railroads, which went to increase
the expenditures.
Up to the close Of the fiscal year tina
increase of expenditures on account of
the war with Spain was $43, 041 1872 for
the war department, and $24, 262, 438 for
the navy department. For the four
months Of July August, September
and October, 1898, the expenditures OF
the war department. were $107, 500, 1868
being $S1 ,613,131 greater than for the
same months in 1897. For the same
months this year the navy department
expended $27, ASS, SIT, which was 1904.
926 more than was spent in the lika
period of 1897. Up to Oct 81 the war
with Spain, added to the disbursements
of these two departments, the sum Of
$164 1922
TOTAL HOLDINGS.
Independently of the prospect of rev.
enue or expenditure the treasurer re.
CARDS the treasury as having been
stronger at the close than at the open
ing Of the fiscal year. Against net
loss of s7,500,0O0 in the total holdings
available for the fiscal operations Of the
government there was q gain of up-
wards of $26,000,000 in free gold, coupled
with an increase Of nearly $23, 000, 900
In absolutely secured deposits with
banks.
The net available assets were 1884,
764,377 on June 80, 1897, and $3.50, SOC, 1876
a year later. By the addition Of the
unavoidable assets carried by the de-
partment, these totals are swelled to
500, All, 576 and 1859, 202, GAL, respectively.
On June &c. 1893, the treasurers liabil-
ity to the government treasury fund
was SITE, ISL, 1868, with one of $685. 465, 100
sustained in his capacity as the depos-
itory of public officers, and one of $685.
1854 for moneys paid into his hands,
but not yet covered by warrant into
the general fund.
The outstanding notes Of the denom-
nations of 500 and upwards decreased
in volume by 81 ,592, 112 from Sept. 1, to
the same date in 1897, increased by SAL
657,037 in the twelve months ending
Sept 80, 1898. The net gain circulation
rose $49, 327, 1853 in the former Of the two
periods, and by $94, 551 ,059 in the latter.
The total courrency of all kinds in cir
oulatfon shows an increase of $96,539,
249 in the former year, and one Of $780,
1885, 54 In the latter, a gain Of 1924, 1884,,
103 for the two years.
In answer to inquiries from the West
and Northwest the treasurer has pre-
pared a table which shows the amount
of the capital, surplus, undivided prof
it's and deposits of the national banks
in the territory north of the Ohio and
west of the Mississippi for July in each
of the last three years. The aggre-
gates for the three periods are success
sively 1928, 97S,7 $91s, 252, 479 and $685.