The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1899-11-06
A CHEERFUL REPORT.
Treasurer Roberts on the Opera
tions of Last Fiscal Year.
INCREASED USE OF GOLD COIN.

The Eject Of the New Revenue Laws
Says the Report, Is shown In In
creased Receipts over the Previous
Ycor of sI60, ,os0.989.
Washington. Nov. 6.--Hon. Ellis II.
Roberts. the tree surer 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 a marked in
crease in the use of gold coin, and in
a 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 $56,553, ,419 from customs and
of S102 536,520 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 $515, 500. were also
| the largest on record, with the same
exception. The net ordinary expendi-
lures we're a little over $605, 600, 900, an
amount exceeded only twice-in 1863
and 1864. There was a deficiency of
| $S9,111,559 in the ordinary revenues.
| Inclusive of loans and the issue of
notes and certificates the total receipts
ON all accounts, by warrants. were ST.
! 0a8, ,451 ,340 and the total disbursements
| S946, ,222 ,14S.
With the addition of the proceeds of
the new per cent. loan to the ordi-
nary revenues. there was a fiscal sur
plus of 800, 791 ,521 for the year. The
receipts from the loan represented
every part of the country. OF the total
of nearly 5000, 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 $685.
100000 was paid in gold, upwards of
$25,000,000 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 ag-
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, ,394
against which he held $917, 1913 1926 in
cash and credits, the difference con-
sisting of funds classed as unavailable
"There we're in circulation June 80
1898. S2S6,572 929 in United States notes
S9S, 665, $50 in treasury notes, $500 $50, :
$50 in silver certificates and 1923, ,129 :
703 in national bank notes On June so
1899, the amounts were: United states
notes, S3l0 $40; treasury notes. $92,
COS, 1872; silver certificates. S4n1 500 .343
national bank notes, S237, ,S32 ,594. The
paper in circulation was thus increased
during the year by S43 1928, 1856"