Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-11-13
TREASURY REPORT.

The act OF March strengthened the
guarantee for the maintenance ot ihe
sold standard, both in providing for
HE setting apart Of a reserve fund and
in adding one-half 10 the 500. 600, 600
which in the practice Of the depart
meat was formerly maintained without
specific statutory requirement. The
ratio Of the reserve to the fixed volume
o. United States notes was raised from
oSs5 to 1877 per cent. White the ratio
OF the new reserve To the sum of both
classes 81 legal tender notes was orig
inally only q per cent. The sTadua! re-
tiremtnt Of the Ss6, 77U 900 Of treasury
notes outstanding at the passage If tie
act viii reduce the demands on the
fund to that extent.
The inflow II gold in consequence Of
material conditions, prominent among
which IS : favorable trade balance
averaging $563,2S3. 209 in the last three
years. Will also cooperate with the
statute
The amount Of paper currency
stamped with the seal of the depart
ineni and prepared for issue. during
the year ended with September. 1900.
was So. 1872 Q0J, against $780, $4,000 in
the year preceding The redemptionS Vi
worn material We're S303. 2lsS spa = the
latter period and s355 027 $50 in the
earlier The increasing demand for
notes OF small denominations has been
heavy and 50 fully net by the depart
m+nt that. taking into account the gold
coin. only S426. 40. 023 Of the estimated
total circulation. g 294 eS3. on oct.
!. was in denominations larger than
$40.
The. operations Of the treasury and
! lis branches are concluded in increaS-
ing ratio in gold. the receipts Of the
fiscal year in mat coin having incr-as-
ed $64l .0Se o0l. and the diSburS-m sHtS
$3.50 e43l9> over 1899. There is an in
crease in the circulation Of standard
siive. dollars in the autumn Of each
year. followed by their return u the
treasury q few months later. The
amount in circulation Nov. !. nas $73,-
4144t9
The provision mad hy Congress for
th4 increas- of the subsidiary silver
cairaz- or S1pc. 1000. 600 have been q grea;
conveaienc-. and The department.
through -1- mint mas bean able t1
tn amount of -t-D il circulation
t.rs.r In -a-..srz- 1890 Was .-.fv s5t.-
a0---l - rr D.- n -... VII s- 4a-
H. --h- .ss-r+t.rst.-- " !rr ...-=
from tn.. Offices .r ll= -~ur. and
r-s-- ff+..gs -r. a..a. I-.- ..--...---49
---.-- s-..--- z7 4.5 q>s tb+- War
1.ra,-
-rr. 7e4,~,- asrr7 ,-..7~ is. called tfpor
III ri-r-ie1 small denominations WE na-
M. -,,,-,-..-7r.,- -n- 7lsz r. H.. movement
! Of n. IRONS Th,. amount Il the-. ex-
/ chances at -r4- s11n-4r-a=i1ri.. tr Ne,v
1 orleans :. T.o7,ie Chicago. up III <o1.
! this YEAR was 8, as or0 against s.
/ g7- na1 II, 7Sql
I -.., -.a, .-..--..,. r--
I ..ll......: -. ..a-ss
e,---.-,- - - -
.,.-- a,+,,-..+..rs I'll .,x-r.....- j. .3a naa
I - TIL -,.-. i III ,..--.e r-.- .-a.p
( 80 -, -..-t,.-,-. 80. -, ~,
4 -, - - -. 80.
as ,-.- ..,-- III I'LL. -.,-, .-a
30 - - -, - - u Il
! r-- =, 20 $50 ree - .,,,sr;,.-, ,,,crsz-
1+-i,,e- TIL $50 ,-.a,, 49,. -1-r.. .r.-
-, LII 7..---|--..7 j. i'll. o4+,oa- j.
.+o--,-.-- e. Is -, -[-,r,-a,-e..;. -
/ iii. -o+-,,- -, ,-,5 r.r- -+ics,as so--
I ,,. 1900. ,r5 ro1 s5a -o.--,- ria0e-