The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-11-16
ANNUAL REPORT ON THE CONDITION
OF THE TREASURY
RECEIPTS ON RECORD
for the Year Exceed Expsn-
ditures s19,Sss,Oeo-Moncy in Cir
culation October L, 1900. S2,II3.-
o ,9S3. the Per Capita Being Raised
to $21.OI-The Geld and Gold Ger
tfncates In Circulation Greatly In
creased-The Reserve strengthened

Washingtonton. November I2-The
report OF the ~treasurer OF the
UNITED States. Ellis II. Roberts. on the
and condition OF the treas
Iury, vas submitted to Secretary Gage
Mr.. Roberts says h growth
and prosperity OF the country and the
general activity of business are reflect
ed in the transactions Of his office.
The net ordinary revenues Of the gov
eminent for the fiscal year were $751;
240. So, the largest in the history OF the
country, exceeding those of 1866. the
next highest, by s47,2 91 ,2SS. The in
crease of S51. $50. 232 over the preceding
year was contributed from all the gen.
eral sources, put chiefly from customs
and internal revenue. On the side Of
The expenditures there was a net de-
crease Of s117 1885, SS in comparison
with 1899. so hat the deficiency Of sS9,-
Ill, $50 for that year was converted into
a surplus Of SIS. 527 ,06O in 1900.
promptly on the enactment of the
new law the divisions OF issue
and redemption therein provided for
were established, and. to them were
transferred the records and accounts
relating to the issue and redemption of
United States notes. gold certificates,
isllver certificates and currency certif-
Icates. Up TO October l, 1900, SO. $50. S54
In United States notes Inc So, 594, 70S in
treasury notes We're redeemed in gold
tout of the reserve fund of $50. 900. 600.
Each day the notes so redeemed We're
exchanged for gold from the general
lrund, So that the reserve was kept in
fonf in pnnyrn n-1 -
sides this reserve fund, the trust funds.
consisting of gold coin, silver dollars
and bullion, and United States notes
held for the redemption of certificates,
Iand treasury notes, amounted on the
day the act become a law to S723, 062,- :
1888 and increased by November 1880.
ito $40, 965, 679.
The aggregate amount of money of
Jail kinds in circulation on October 1,
1900, is estimated at 81. 113, 294. $50. an
increase of $3.50, $40, 744 in fifteen months,
OF which 1874, 440, $50 was due to the en-
llarged use of gold and gold certificates.
lIhe increase per capita was from $25. 3S
to s27.01. The per capita of gold at the
latter date was $1,000, which is greater
than that of all currency in 1862, while
the total of gold is greater thar all the
1879.
On October 1, 1924 per cent. of the
total circulation was in gold and gold
certificates, 26.45 in silver dollars. silver
certificates and treasury notes, 10. 81
lper cent. in United States notes. and
15.11 per cent in national bank notes
1T is a significant comparison that on
June 80, 1890, the percentage of United
States notes was 2.5S. Two years ear
lier it was as high as 1907. While the
volume of United States notes. treas
lury notes, and silver. certificates is linn
ited by statutory provisions, the stock
of gold lis constantly growing. The
metallic stock of money is estimated
for October 1, 1900, as 81, O59. 2SS. $40 in
gold, $3.50, 1856, 1867 in silver dollars and
bullion and $50, 600, 74S in fractional sill
ver coin, In aggregate of 81, III, GA, 935.
The act of March 14th tr~engthened
the guarantee for the maintenance of
the gold standard, both in providing
for the setting apart of a. reserve fund
and in adding one-half to the 800. OOO.-
900 which in the practice of the depart
ment was formerly maintained without
specific statutory requirement. The
ratio of the reserve to the fixed Volume
lof United States notes is raised from
l2S.S5 to 1927 per cent. While the ratio of
the new reserve to the sum of both
l~classes OF legal ender notes was origi-
nally only "a per cent. the gradual re-
tirement of the $50, 40, 600 of ~treasury
notes outstanding at the passage of the
lact will reduce the demands of the
funds to a extent.