Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1900-12-14
GAGE MAKES REPORT.
Secretary Presents an Exhaustive FL.
naucial Statement.

n0uci0I statement
Secretary Of the Treasury Lyman j.
Gage on Tuesday submitted to Congress
his annual report. The report shows that
the revenues of the government from all
sources for the year ended June 80, 1900,
were $G69, ,595, ,431.1S. The principal
items in this total are from internal rev.
enuc, $295. 1927 ,926.76; from customs,
$e23, 1874 ,S71.16, and from the postal SER
vice, $1O2, ,S54, 5000.
Expenditures for the same period ag-
gregated $3.50, ,O6S,371 including $14O,-
1916 for pensions, $134, ia ,767.7S for
the military establishment, including riv-
ers and harbors, forts, arsenals, sea coast
defenses and the war in the Philippines;
S55, 55,953,O71.72 for naval establishment,
and sos, ,411.37 for the civil establish
mcnt. Interest on public debt was S4O,-
160, 1893 go. This leaves a surplus of
Sc, 9,527, ,0G0.1S
] Referring to the working of the new
gold standard law. the report says:
Promptly on the passage Of the act OF
March IA, 1900, there were transferred
to the divisions Of issue and redemption
the records and accounts relating to the
issue and redemption of the government
notes and certificates. Up to Oct. the
total assumptions in gold from the new
reserve fund of $15OOOO, 600 were $222,-
590,854 in United States notes and 3d.
504,1OS in treasury notes. The sums
drawn from the reserve have been daily
restored from the gold in the general
fund. Exclusive Of that reserve, the as
sets and liabilities of the new divisions
were $723, ,O62 .179 on June 80, and $780,
965,679 on Nov. i.
Comparison of the state OF the treas
ury shows an increase of $24,SS7 ,O03,30
in the available cash balance, exclusive
Of the reserve of $150,O0O,OOO for the
year. The cash actually in the vaults of
the treasury. as distinguished from the
deposits in banks and other assets not
consisting of money, increased by SG,G21,-
39S.14. The most notable increase was
in the smaller denominations of paper
currency, which are in demand for NOV
Ing the crops. OF these, the treasury
held $14 ,0G2,17 more than last year. The
excess Of assets over current liabilities
was, on June 80, $40, 723. .O17.G0 in 1899,
and $40, ,327, sol. &c in 1900"
Secretary Gage reports saving Of ST.
100000 annually in interest under the
bond rcfunding provision Of the money
act. The total amount refunded was
$352, ,OS3, ,45O. The bonds outstandins
Nov. Is, 1900, admitted to the privilege
of refunding were $4S7, ,06G, 400.
The coinage executed during the fiscal
year was: Gold, $1O7, 7,937, i 10; silver dol
lars, $1S,244, ,984; subsidiary silver, $12,-
876,S49.15; minor, $2,243, ,O17.21; total,
| $141, ,301 ,96O.36. This was exclusive OF
$4,000 Lafayette souvenir silver dollars.
At the time of this report the gold re-
serve in the treasury was S242 OO0, 900.
| On the country's foreign commerce the
report says:
-Four great facts characterize the for
eign commerce of the fiscal year 1900:
First, it exceeded that of any preceding
/ year, and for the first time the grand
total OF imports and exports passed the
I $2,000,O 100000 mark; second, manufac-
turers' materials formed q larger proper
| tion Of the exports than ever before;
third, manufactured goods formed large
proportion Of the exports than ever be-
fore; fou:th, exports were larger than
ever bore, and were more widely disf
trib,:tcd thnn in any preceding year.
| The total exports of the year wcEk
/, valued at $1,394, ,4S3, ,OS2, of which $H
| O.T63,571 were of domestic productid,.
OF this vast sum manufactures formed
3l.65 per cent, against 1921 per cent in
1899. 23.14 per cent in 1895, and 1887
per cent in 1880. The total expectation
Of manufactures during the year 1900
was $4S3,S51 ,75G. against S339, ,59o, ,14&
in 1890, an increase of nearly $1OO OoO,-.
600, or about 2S per cent"