Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1899-05-04

E3l more lldu w PEI Ntllt VI IAo NdoA
Balance is composed OF gold Nearly /
s5O1 goo, 600 in silver dollars and silver
bars is held. all of which is covered by
oert'acates and Treasury
notes. except $6,7S1.S7O The number
Of SILVER dollars hold represents IN
round numbers Sab, 100000.
The value of subsidiary silver coins
held is less than s7OcO,OO0. There is
a brisk and steady demand Ter thsse
coins. and, white large amounts are be-
ing sent to Cuba, Porto Rico and the
Philippines, still large amounts could
be utilized in those countries II the
Treasury had full authority to coin
them. Under existing law on.y the
debased and light weight subsidiary
coins can he utilfzed in the coinage,
and the persistent REFUSAL of Congress
to increase the appropriation for this
purpose prevents the Treasury from
doing as mmch as might he done i'm this
direction. The silver bulllon held by
the Treasury represents an expenditure
of about $S7,OO0,OOO, but the director Of
The mint is prohibited by law from
using any part OF this metal fer the
manufacture of subsidiary coins. With
THAT prohibition removed a very com
s.darab.e portion Of the silver bullion
could be converted into, fractional
coins, and given circulation I'M the
East and West Indies and the dIa-
waiian Islands, in each OF which cown-
tries fractional SILVER Is preferred to
The standard silver dollar.
There was no maternal change in
The paper money CT the government
during the MONTH, the amount of this
currency in circulation being in round
numbers s54S, 600, CT which over
four hundred millions is silver certIh-
Gates, These figures do not include the
United States notes or greonlbacks, of
which there are outstanding, after de-
6actang the amount held In the Treas
ury cash, 1912 ,O57, 4O5.
The receipts for April were S41 ,611, =
5S7, which, is $S.6OO.O0O i'm excess of
those Tor the same month of the pre-
cedirtg year. Viewed, however. from
the strictly revenue standpoint, that lis,
taking the receipts from customs and
internal revenue and excluding the re-
celBts from miscellaneous SOURCES, the
increase for the month was $40. SAC. O32,
arl Of This, $7,3SS ,G63 came from in-
terna. revenue The expenditures for
last monlh aggragate sos, 949, JOG, which
Includes the $2O,OOO,OO0 paid the Span
ish government for the Philippines i'm
demnlty. Deducting that extraordinary
disbursement leaves the expenditures
fer March less THAN s2OOO,OOO greater
thaa fer March Of 1898.
Fc- the ten months cf the current
fiscal year the Receipts wei
si24C56c14 against sS4O 1926, $50 Gen
the corresponding ten months
of last year Here again in order tc
mako proper comparison between ths
ordinary revenues CT the government
the receipts from miscellaneous source
Ishou,d be eliminated There IS special
reason for such elimination at tht
time. as the aggregate receipts for each
of the two periods were largely swell
EN- by payments on account OF the Pa
cinc railroads. In the period for 1895
the miscellaneous receipts were rum uI
to $SO.OOOOOO, and for the period OF tn,
current year to S31OOO,OOO. In each
case the extraordinary increase in thi.
form of receipts was the same, differ
ing only i'm THE amount received. Omit
Ting the miscellaneous receipts it IL
Z found that THE yield of the existing
revenue laws for the last ten months
was 1892 962 69S. against s26O,564 ,79l
{ for the same ten monlhs of the pre-
/, ced-ng fiscal year. This rs an iDcreasi
IN favor OF the current period Of SlS2.
/, 1915 and CT this large increase sS4.
739195 came from Internal revenue
5 The war revenue act may be proper.
2 credited with the major portion OF Thu
increase.
t Following are the receipts an detail
4 fer the the months ending Aprm 30
1898 and 1899, respectively: