The age-herald., 1898-11-04
REPORT OF THE
 U. s. TREASURER
Transactions and Conditions of
 Treasury for Fiscal Year.
INCREASE IN THE REVENUES
The Net Ordinary penditures'Amount- ed to $44o,3eS, ,562, Which Was $77,5e4,432 More Than
 the Preceding Year.

Washington, November 3.-The treasurer of the United States, Hon. Ellis H. Rob- erts. has submitted to the secretary of the treasury the annual report on the transac- tions and conditions of the treasury for the past fiscal year. The net ordinary revenues of the government were $4O5 1921 1885, an in- crease of 7,597 ,6SO over those of the pre- vious year. while the net ordinary expen- ditures were $446 36S, ,5S2, an increase of ST., 594 ,4S2 The resulting deficiency of $sS,O47,- PAT exceeds that of the preceding year by s19, ,99i,79
 Up to the close of the fiscal year the in- crease of the expenditures on account of the war with Spain was ,732 for the war department and $24 ,2o3, ,42S for the navy department.
 Up to October 31 the war with Spain added to the disbursements of the navy and army departments was an aggregate of $164 O0O.O 900. The total available assets were SS74 764.977 on June 30, 1897, and $S39 ,736 year later. By the addition of the unavai- able assets carried by the department these totals are swelled to $904, All, ,576 and sS69 .941 respectively. On June 30, 1898, the treasurer's liability to the general treas ury fund was 775,751 1868, with one of $66,- 465 .160 sustained in his capacity as the de- pository of public offices and one of $26,- sS6, AS for moneys paid into his hands but not yet covered by warrant into the gen. eral account
 In every year during the periods of move- ments of the crops, there is a demand from the crop-producing parts of the country. for small notes. By forethought and care, during the past fiscal year and the autumn following it, an adequate stock of notes of ino the exchange of small notes or large was steadily made
 The outstanding notes of the demonina- tions of $20 .and under which decreased in volume by $11,522l57 from 5eptember 30, 1896, to the same date in 1857, increased by $41 657 ,037 in the twelve months ending Sep tember 30, 1898. The gold in circulation rose steadily by $49, ,S27 ,263 in the former of the two periods and by $94 551 ,059 in the latter. The total currency of all kinds in circu- lation shows increase of $96 539 .269 in the former year, and one of $137.755 ,S45 in the latter, a gain of $234 ,294 ,103 for the two years In a chapter in which the treasurer reviews the history of the gold balance in the treasury, he says that prior to Septem- Der l. 1898, the highest point which this bal ance had ever attained was s2l9 ,059 232 on April 3, 1SSS On June G. 1893, the amount was $S9 ,5S9, ,364 the lowest in fifteen years or from June, 1S78 By the exchange of notes for gold with banks the net gold balance was brought up to $103,S ,290 by August 10, 1893. Another minimum mark was reached February 1. 1884, at $65, ,43S, ,37S. By the proceeds of sale of bonds amount ing to ,917 the net gold balance was increased to $107, ,S02 by March 6. Under reaction, however, it again fell to $54, ,975,- 6O7 by the end of July, 1894. Another sale of bonds in November and December Of that year brought in $5S, S,719 710, and the gold balance on December 4, 1894, was again $111,- 142 ,021. The remedy was effectual for only a brief period, for on February H. 1895, the treasury held only $41 ,34O1S1 in free gold. Again bonds were sold for which payments