The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1900-11-17


raised from 28.85 per cent 10 1927 mar
cents While the ratio of the new re.
serve to the sum OF both classes Of le4
II tender notes vas originally only 81
percent, the gradual retirement OF the
$S6. 10000 OF treasury notes outstandA
\ at the passage of the act will re-
duce the demands on the fund to that
extent,
The inflow OF gold in consequence OF
material conditions. prominent among
which is a favorable trade balance, av-
eraging $513, 2S3. 209 in the last three
years, will also co-operate with the.
statute. The amount of paper currency
stamped with the seal of the depart
nient n prepared for issue during the
q d with September, 1900, was
Sb2s,19 900. against s362,412, 900 in the
year preceding. The redemptions 81
Worn material We're $303. 2l9,S24 in the
later period. and s255, OF, 1880 in the ear
her. The increasing demand for notes
OF small denominations has been SO,
heavy and SO fully met by the DEPART
ment, that taking into account the gold
only $42G, 045. 022 OF the estimated
total circulation OF s2,113,294, 0S3. on Oc-
tober 4, was In denominations larger
than $40.
The operations of the treasury and
Its branches show In increasing ratio
In gold, the receipts of the fiscal year:
IN that coin having increased s641.-
OSO. COL, and the disbursements $3.50, 642,-.
l28 over 1889. There Is an increase IN
the circulation Of standard silver dol
lars IN the autumn of each year, fol4
lowed by their return to the treasury
q few months later. This is incl
dent to he movement of the crops and
to the free delivery Of the treasury OF
such coins. The amount in circulation
November ! was S73 ATQ A6Q E#l
A Great Convenience.
The provisions made by congress for
the increase of the subsidiary silver
coinage to $4,000 900 have been a great
convenience, and the department
through tho mint haa been able to sup
ply nll demands for these coins. The
amount of them In circulation, witch.
in January. 1880, was only $54, 2o2, l40,
rose by October !. 1900, to $40, 432, 1914.
The distribution Of minor coins from
tho Offices Of the treasury and mint
during tho fiscal year amounted to
S3.1T4,s1l. against 81, 92a. os3 tho year be-
fore.
The treasury each year is called upon
to furnish small denominations OF pa
pcr currency for use in the movement
OF the crops. The amount Of these ex-
changes at the s~ubtreasuries in New
Orleans, st. Louis and Chicago UP to
November I. this year, was 81, 43s, 900,
against s5.3T0.oc0 in 1889.
The act Of Apri! IL. 1900, provides for
tie substitution CT United States coins
for the Spanish coins OF Porto Rico. es-
timated by experts at SIS, 900, 900 pesos,
at the rate of so cents for each peso.
The exchange was begun on May /,
When the provision went Into effect,
and by August 20 the sum of S. 7o, 227
pesos had been received and paid
for in s3.2S2. 146 of American
money. During the fiscal ear there
were detected and destroyed at The
offices Of the treasury s1l.14S IN coun-
%terfeit silver coins. notes and certif-
Gates. S,2T scent pieces and 12l,652
1-cent pieces. Comparison with the
previous year shows no significant
changes. excepting In the number of
spurious minor coins in circulation.
which are rapidly on the increase.
Counterfeit gold colns are rare, only
thirteen having been presented at the
trea during the year.
The operations under the new 1nan-
cinl law Involved great changes In the
bonds held by tho treasurer in trust for
national banks to secure circulating
note5 and public deposits. The total OF
these bonds In the treasurer's hands in.
creased during the year from $229.6Ss,-
ITO to $2S4.378. 040. Bonds of the state of
Arkansas for $3.50, c0e. formerly BELONG
ing to the Indian trust fund. have been
paid,
The national bank notes presented
for redemption during the year amount
TO S9s,9S2, 6o7, or 1925 per cent OF the
average volume of the standing, an In
crease of ss,144,3o6 over 1899. The ex.
pense incurred In the redemption and
assortment. including sal, 1877 for trans
portatton, amounted to 1922, sS5. which
sum will be apportioned mons tho
ct the rate of ST. 1858 of their
I:otes redeemed.