Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1900-11-15
A TREASURY REPORT
Ellis q. Roberts Tells Of the Condi-
ton of Uncle Sans Money Box.
The GOVERNMENT REVENUES LARGE


Washington, Nov. 13.-The annual
report of the treasurer of the United
| States, Ellis II. Roberts, on the oper-
ations and conditions of the treasury,
was submitted to Secretary Gage
yesterday. Mr.. Roberts says the
growth and prosperity of the coun-
try and the general activity of bust
ness are reflected in the transactions
of his Office. The net ordinary reve-
nues of the government for the fiscal
year were $567,240,s52, the largest in
the history of the country, exceed
ing those of 1866, the next highest, by
$47,291,2SS. On the side of the ex-
pendtures there was net decrease
of $117,3js,38S in comparison with
1899, 50 that the deficiency of $3.50, $50
for that year was converted into q
surplus of $79,527O6O in 1900. The
gross receipts under warrant, includ-
ing those on account of the public
debt were 81 1897 ,299, 1862, and the dis
bursements $l,195,043,472, large in
crease on both sides over the previous
year.
Promptly on the enactment of the
new financial law the divisions OF is
sue and redemption therein provided
for were established, and to them
were transferred the records and &C.
counts relating to the issue and re-
dcmption of United States notes, gold
certificates, silver certificates and cur
rency certificates Up to October l,
1900, $22, 53O,s54 in United States notes
and $3,j94,70S in treasury notes were
redeemed in gold out of the reserve
fund of $150,0O0000 Each day the
notes so redeemed were exchanged
for gold from the general fund, so
that the reserve was kept intact in
amount and character. Besides this
reserve fund, the trust funds, consist
ing of gold coin, silver dollars anil
bullion, and United States notes held
for the redemption of certificates and
treasury notes, amounted on the day
the act became a law to $723, 062, 1888,
and increased by November I, 1900,
to $74O, 065,679.
The aggregate amount Of money OF
all kinds in circulation on October 1,
1900, is estimated at S2,113,204,9S3, an
increase of $1S0,S10,744 in Is months,
of which $94,440,030 was due to the
enlarged use of gold and gold certiii-
Gates. The increase per capita was
from 1888 to S27.0l. The per capita
of gold at the latter date was $1,000,
which is greater than that of all the
currency in 1862, while the total of
gold is greater than all the circulation
at any time previous to July, 1897.
On October /, 1924 per cent. of the
total circulation was in gold and gold
certificates, 26.45 in silver dollars, sill
yer certificates and treasury notes,
1896 per cent. In United States notes,
and 1911 per cent. in national bank
notes. 1t is significant comparison
that on June 80, 1890, the percentage
of United States notes was 225S. Two
years earlier 1t was as high as 3207.
While the volume of United States
notes, treasury notes and silver GER
thcates is limited by statutory pro-
visions, the stock of gold is constants
ly growing. The metallic stock Of
money is estimated for October /,
1900, at $1,o50,2ss,s2o in gold, $566,355,-
1857 in silver dollars and bullion, and
$S6,OOO,74s in fractional silver coin,
an aggregate of $1,711,644,935.
The amount Of paper currency
stamped with the seal of the depart
ment and prepared for issue during
the year ended with September, 1900,
was 1923, 10000, against 1862, ALP, 900
in the year preceding. The redemp-
tons of worn material were s3O3,21o,.
s94 in the later period, and $255,O27,9sO
in the earlier. The increasing demand
for notes of small denominations has
been so heavy, and so fully met by
the department, that taking into ac.
count the gold coin, only 1926, O45, O2a
of the estimated total circulation of
S2,ll3,204,9S3, on October l., was in
denominations larger than $50.
The provisions made by congress
Tor the increase or the SUBSIDIARY sn.
yer coinage to SlOO,OO0,OOO have been
a great convenience, and the depart
ment, through the mint, has been
able to supply all demands for these
coins. The amount of them in circu-
lation, which in January, 1890, was
only $54,202,140, rose by October /,
1900, to $79,432, 1914. The distribution
of minor coins from the offices of the
treasury and mint during the fiscal
year amounted to $3,17497l, against
$l,o26,9s3 the year before.
The treasury each year is called
upon to furnish small denominations
of paper currency for use in the move
ment of the crops. The amount of
these exchanges at the sub-treasur-
les in New Orleans, st. Louis and Chi
cago up to November /, this year, was
$S,436,O00, against $3,970,00O in 1899.
During the fiscal year there were
detected and destroyed at the offices
of the treasury $i1,l46, in counterfeit