Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-11-04
THE U. 5. TREASURY.


Animal Report Of Its Condition and Trans
actions Madc by the Treasurer.
| Washington, November 3.-Thc
treasurer of the United States, Hon.
Ellis H. Roberts, has submitted to the
Secretary of the Treasury, the annual
report on the transactions and condi-
ton of the treasury for the past fiscal
year. The net ordinary revenues of
the government were s4o5, 321 .s35, an
increase of s57, 597, $50 over those of the
previous year, while the net ordinary
expenditures were SAB, 36S, 5S2, an in
crease of 1884, 423. The resulting de-
fciency of s3S,047,247 exceeds that of
the preceding year by s19.994,793.
| Up to the close of the fiscal year the
increase of the expenditures on ac-
count of the war with Spain was S43,-
041, 1872 for the War Department and
| $24 1852, 43S for the Navy Department.
! For the four months, July, August,
September and October, 1898, the ex-
penditures of the War Department
were 107,520,36S, being sS1,613, 131
greater than for the same months in
1897. For the same months this year
the Navy Department expended $27,-
459,577, which was $16,014,926 more
than it spent in the like period in
1897. Up to October 81, the war with
Spain added to the disbursements of
these two departments the sum of
1854, 932, 22S.
Independently of the prospects of
revenue Or expenditure, 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 the assets
having been more than compensated
for in the improvement which took
place in their character. Against
net loss of $7,500,O0O in the total hold
ings available for the fiscal operations
of the government, there was gain of
upwards of $26,O00000 in free gold,
coupled with an increase of nearly
$23, 100000 in absolutely secured de-
posits with banks and these changes
were effected at no greater cost than
the loss of so much in silver and treas
ury notes.
The total available assets were $S74,-
764,377 on June 80, 1897 and sS39,606,-
1876 year later. By the addition Of
the unavailable assets carried by the
department these totals are swelled to
S9O4,4 SIG and $500, 1902, Gal respect
lively.
In the chapter in which the treasure:
reviews the history Of the net gold bal
ance in the treasury, he says that prior
to September 1, 1898, the highest point
which this balance had ever attained
was 19,059, 232 on April 8, 1883. On
June 6, 1898, the amount was S89.5S9
264, 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 to $103, 1853, 80
by August 10. 1898. Another miLi-
mum mark was reached February /,
1894, at $65, 43S,37S. By the proceeds Of
a sale of bonds amounting to SOS. &C.,
GIT, the net gold balance was increased
to $107, 1862 by March G. Under re-
action, however, it again fell 70 $751;
1856 by the end of July, 1894. An
oth oil of N NOUorO
December of that year, brought in S52,-
9,710, and the gold balance on De-
cember 4, 1894, was again Sill, JAP, 02l.
The remedy was effectual for only
brief period, for on February IL. 1895,
the treasury held only Sal ,340,1S1 i'll
free gold Again bonds were sold, for
which payments aggregating $685.
O56 were received from February %
June Thus the net gold balance wds
carried up to $107 ,591, go by July s.
1895. Once more the relief was bur
temporary, and by February s, 1896,
the gold balance had fallen to $44.j63
493. For the fourth time resort was
made to a sale of bonds, which pro-
duced up to June, Sill, S55,612 and
brought the gold balance up to a maxi
mum of SIPS, 713, 709, from which point
it sank again by July %, 1896, to $780,,
669,975.
Since that month the reserve CT
S100,O00,000 has not been trenched
upon. With some fluctuations the ten
dency of the gold balance has been
steadily upward The sources Of sup
ply have been the mines Of the North
western States, Alaska and Australia,
with ilnportations from Europe, the
customs and the boards of the banks.
HARDWOOD LUMBER DEALERS.
CINCINNATI, O., November 3.-Tha