Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-12-07

WASHINGTON, d. c., December g.
The annual report Of the Secretary Of
the Treasury shows that the revenue
Of the government from all sources TO:
the fiscal year ended June 80, 1899, were
$610, 9S2, 004. The internal revenue
yielded $273.43T,1 ISL, customs, s206, 1885,
4S1. The profits en- coinage bullion de-
posits, etc, were S4,016, 531, and the
fees, letters patent and land, 81, 805, ABS:
tax on national banks 81, 912, All; sales
OF public lands, 81, ,24s; sales Of In
dian lands, H~,476,175; tax on sealskins
and rent Of seal islands, $1,116, Gil. The
receipts from the postal service were
$3.50 2 1854.
The expenditures were $500, 093, SEA.
The civil establishment expenses were
$50. 979, 685; military establishment,
s229, S41,254; naval establishment. $685.
942. 104; pensions, s139. 1874, 1929; interest
on public debt, $39,Sse.295; postal sef-
vice, s103, 232, 954. The deficit was $685.
Ill, 569.
The revenues of the government for
the current fiscal year are estimated
upon the basis Of existing laws to be
S640, 958,112, and the expenditures $780,
958,112, a surplus of $40, 900, 900.
The revenues for 1901 are 1861, 49,
25S, and the estimated appropriations
rnn,1irnI nvolDciua Af -iplyino f,,nJ ara
$685., 1858, 44S, an estimated deficit of $751;
0S0,1
1t is. believed, however, that Congress
will be able to reduce the estimate to
such a point as will bring the expendi-
lures within the estimated revenues and
leave a fair and substantial margin for
surplus.
Important changes took place during
the year in the composition and distri-
button of the stock of money. The
amount of notes and silver certificates
in circulation was increased by $43,-
S28,386, reducing the paper holdings Of
the treasury to the minimum required
for the transaction of business. The
outstanding treasury notes of 1890 were
cut down by cancellation or redemption
in silver dollars from s101, 207 ,2S6 to
$s2,51S,280, This process, however, did
not involve a contraction Of the cur
reney, since the coins paid out for the
notes either remained in circulation or
were redeposited in the treasury for
silver certificates.
In of these operations and
the increased use of gold there was a note
worthy addition to the denominations of
$50 and under in active circulation. In the
| year ended September 50 last the increase
in the amoun of pape money of these
denominations outstanding amounted to
SIS, Cos, 4t6, while the increase Of the gold
coin in the hands of the people was esti-
mated at SO. OIL 375. Inclusive of the high
ey denominations Of paper, the total in
crease of active circulation, reckoned on
the same basis, was 1925, Isl, e14.
In the fiscal year The offices of the treas
ury paid out $40 532. 296 in standard silver
dollars, an increase Of s., lCo,1f7 over the
previous year. The receipts in the same
| period were s37.5s1,64 Z a decrease Of SIG,
42s, S94 BY September 80 the continued de-
mand for these coins carried the total
in circulation to Sos. 755243, the highest
! amount ever reached. Similar activity in
the call for subsidiary silver coins, OF
which the treasury received $50, 500, 1sa, and
| paid out SO, 1881 Z during the same period.
gradually reduced the treasury holding.
until at the close of the year only 5000,
| 4s7 remained on hand In the ensuing three
| months a continuance Of the demand de-
| creased the treasury stock TO $2,t77,511. The
amount estimated to be in circulation on
| the goth OF September was STAGE, 7sa.
In the aggregate operations Of the treas
| ury the receipts of gold in 1890 ~an4ounted
| to 37.6 per cent of the whole and the dis
| bursements to 1881, as compared with 100
and 11.s3 respectively, in 1898. For the
Quarter ended September %, the percentage
Of gold receipts was 35. and Of the dis
hursements 35,2 While so large a part Of
the treasury's business was transacted in
| gold. and while large additions were MADE
10 the coin in outsi6e circulation and are
estimates to nave reached soc. 0So. 45s on
July /. 1889. the god holdings Of the tre2s.
ury have exceeded all previous records,
both IN the aggregate ard in the nei
| amount above outstanding gold certia-