The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1899-11-09
TREASURER ROBERTS
Presents Cheerful Report to the
Secretary Of the Treasury.
INCREASED USE OF GOLD COIN.

The Eject OF the New Revenue Laws
Says the Report, is Shown In In-
creased Receipts Over tho Previous
Year OF sl58, ,Os8, ,838.
Washington, Nov. 6.-Hon. Ellis H.
Roberts, the treasurer of the United
States. in his annual report to Secre-
tary Gage, sums up the operations of
the last fiscal year by saying that "a
notable activity was exhibited in all
kinds Of currency, with marked in
crease in the use Of gold coin, and in
less degree of silver coin. while the
prosperity Of the country has at no
time left any part of the government
notes in the treasury, above the de-
mands Of daily business in its several
offices
"The effect OF the new revenue laws
Is shown In the receipts for the year,
IN which there was an increase over
1898 Of s56.553,419 from custome and
Of $102 1886, 500 from internal revenue
The collections of internal revenue
were larger than those for any pre-
vious year with the exception Of 1866.
and the total ordinary receipts, which
amounted to S5l5,960 $50 were also
the largest on record. with the same
exception. The net ordinary expendi-
lures were little over sGo5, ,OOO, 900, all
amount exceeded only twice-in 1868
and 1864. There was a deficiency OF
$S9,1l1, ,559 in the ordinary revenues.
Inclusive Of loans and the issue OF
notes and certificates the total receipts
on all accounts, by warrants. we're ST.
eaS,451 $40 and the total disbursements
S9i6.222,1 Jas.
With the addition OF the proceeds Of
the new 3 per cent loan to the ordl-
nary revenues. there was a fiscal sur
plus Of 500, O,791.52l for the year. The
receipts from the loan represented
every part Of the country. or the total
of nearly 5000, 600, 900, upwards OF s125,-
100000 came to the Office in Washing
ton in the form Of checks on banks in
every part of the country. Nearly s29.-
100000 was paid In sold. upwards Of
1000, 600 in United States notes and
the rest In other kinds OF money.
by the improved revenues and the
new loan the treasury. Notwithstanding
the heavy war expenditures, was
placed in the Independent position so
necessary to the soundness Of the
financial system OF the country. The
change was no less marked in the az
gregate Of available resources than In
their character. for the gain in the
total holdings was almost entirely in
gold, and the treasury not only refused
tenders Of gold in exchange for paper,
but increased the use Of gold in the dis
bursements.
AT the close OF the year the treas
urer was accountable for $947, TAG, 1894,
against which he held 917.873.925 in
cash and credits. the difference con-
sisting Of funds classed as unavailable.
There were in circulation June 30.
1898, $2S6, ,572, 1929 in United States notes,
$9S,665,5 $50 In treasury notes. $3.50, $780,
080 In silver certificates and 1928. 3.129.-
703 in national bank notes. On June 80,
1899. the amounts were: United states
notes. $310,547 $40; treasury notes. $92.-
605.792; silver certificates. $401, ,S69, ,343;
national bank notes, $237 1892, ,594. The
paper in circulation was thus increased
during the year by $43,S28.3S6"