The times. [volume] (Richmond, Va.) 1890-1903, 1900-11-13
REVENUES L RGE :
THAN EVER BEFORE
Report Of II asurer Of United States.
Submit. ed 10 Mr.. Gage.
SHOWS VERY LARGE SURPLUS.
VERY LARGE SURPLUS.
.a,.re was a large Net Decrease In
Expenditures. Thus Tur.in:: tho
D, lei, .f Year Bef:.rn Into
surplus Of sza,5:s7 ,oso.
nv Associated Press

WASHINGTON. Nov H.-rhe annual
report Of me Treasurer of the I'm ted
States. ELS Il. Roberts. on the operations
r.i5, cofa-tiea OF lie ifezfsury. was sub
s ..ftse1 IL Secretary Gage to-aay-
air Roberts SAYS the growth and pros
;stsa.y of the country aiii7the genera afs-
;ss..g are reflected in the transact ons OF
his UIinc. The ret ordinary revenues OF
The Government for The fiscal year were
the largest in the history OF uIe
country. exceeding those OF 1855. The next
highest by sss.2sl. esS
The increase Of $3.50 ss2 over the pre-,
cci.nE year Eias contributed 10 from on
the general sources. but Chiefly from Gus.
toms and internal revenue. On the saae o.
y.,..7,Fs rl,ros tl,;-s was a net decrease
Of 81 77.ssaS...SS in comparison w1ta 1879. 80
that the de.ic ency OF SS1,IisS'3 Tor tiis "a.
sFs,. was converted into q surplus OF
S11a.aac7, a6a in If.,0
Promptly ON ihe e1aci1nens OF .Ne 80
.,na,,gial fay the Department OF issue ana
ssss9-1,,pt.sr. tflerain prori5ed for. were
established. and % them were fatlsts, ts
,l,e records and accounts reiat hs 70 llie
Issue and redemption of inited SUITES
,,n1es gold certificates. silver iseItiiiSsites
s s-s.s, currency certificates. Up 10 Jcieoe.
: sos., 500 ss1s,; in United States notes
s-d SO 5a,..fss in Treasury notes we're re-
,iesgr.d n gold out Of The reserve tufo O
sI:,, isyi 600 Issaca day The notes 50 re-
deemed 7ere exchanged for gold from the
general fund. that the reserve was
keo. intact IN amount and cfaafzacie-. 1se-
sides The reserve fund inc US, ut a,,i
consisting of gold CON. silver doi-afs anu
,,,I,,on and United States notes ae-a ioE
NO redemption of s LIVER and treasury
5,f,,es amounted on the day tie act became
law 10 s..e:. ;,s2 IS and increased by
November J. 1891 to S4e.a5s.sls
Money in REGULATION.
THE aggregate amount of money of all
kinds in circulation on October /. lSop, Is
estimated at 2,il3,est,98S, an increase o.
$50 siD.744 In fifteen months, Of winch va
..n t,a,, was due 10 the enlarged use OF So!0
and gold ceItIicates. The increase Pr
y.a,,Itn was frorn St15.SS 10 sci The per
..apita of gold ;lt the latter date was sloso
which is Ereater than that Of al the cur
-,.r,cr in 1862. while thu total Of god Is
-reatar than al tbs circulation at any
time previous TO July, 1879.
On October lst, 292s per cent- of the
total circulation was in god and god GER
iificates. 70 45 in silver dollars. silver CT
1ifcases and treasury notes. 1876 per cent
in United States notes and Iii pr cent
in national bank notes.
STOCK OF GOLD GROWING.
It is a significant comparison that on
June 80. 1880 the percentage of United
states notes was e2.sS. Two years earlier
is was as high as S2g.. While the volume
OF United States notes. treasury notes anu
silver cgriitieatss Is lirniat=l by statutory
provisions. the stock OF gold is continually
growing. The metallic stock Of money is
estimated for Ocfdpsr lst, 1909 as S1,059,-
esS $50 in gold: $3.50. 225E.3s7 in silver dollars
and bullion. and Ss5.aD0,74S in fractional
silver coin. an aggregate OF M,111.6i !, 925.s
The act Of March l4th strengthened the
guarantee for :he maintenance of the
gold standard. both III providing for tlle
setting apart Of a reserve fund and IN
adding ons-7lalf TO the s10e. ffo, which
in the practice Of the Department was
formerly 1uaintailsti without specific statu-
tory requirement The fixed volume Of
Tnitfad States notes was raised from 2Ss;
10 1871 per cent While the ratio Of thu
new reserve to the SIM OF bot,, classes Of
1ess,i tender notes WIS originally only i
PER cent, The gradual retirement Of the
sS.77aot0 OF treasury notes. outstanding
at the passage of the act. viii reduce the
demands on the fund to that extent.