The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-11-13
TIE TREASURER'S REPORT.
SURPLUS or REVENUE Every MONTH
~ the YEAR EXCEPT JrLI.
Net Oriinary Revenues for the Fiscal Year.
1861 Z sS2. the Largest on Record
Money IA Circulation Oct. I Aggregated
s2,II3, y .0s3. or s25.OI Per Capita.

WAsulNuToN, nov. i2.-The Treasurer oi
ths United States, In submitting to Secretary
Gage the annual report on the operations and
condition Of the Treasury, remarks that We
! growth and prosperity Of the country and the
general activity of business are reflected III
the Transaction, OF his Office. The net ordinary
revenues Of the Government for the fiscal year
were sjG7 .24O.si?. the largest In the history OF
J the country. exceeding those OF 1865 the next
Highest, by si7 2al .2ss. The Increase of
81 rs. .232 over the preceding year was
/ Contributed to from ali general sources
but chiefly. OF course. from customs
and internal revenue. on the side OF
expenditures, there was a net decrease OF
sli7.3 ss. 3ss in comparison with 1899. SO that
the deficiency Of $50. III $50 for that year was
converted into a surplus Of $40. j27. 600 In 1900.
The gross receipts under warrant. Including
those on account Of the public debt. were
81. 3s7. 200. 1872, and the disbursements 81, 1876. Ss.-
az, a large increase on both sides over tho pre-
vious year.
with the exception of July. 1899. when there
was a deficiency Of S. .s32, a surplus was
realized for every month OF the year. the one
for June being the largest. at si7. $780, S9 The
largest receipts for u single day were iG.
on FEB. "a. 1907. and the largest expenditures
-, sO3, 900, on July 3. 1900. The largest surplus
on any one day wa. s4.O41. 800. on Aug 20. and
the largest deficiency ?.3ls,62i on July ..
1879.
Besides the reserve fund. the trust funds.
consisting of gold coin. liver dollars aud bullion
and United StatcS note. held for The redemption
OF certificates and Treasury notes, amounted.
on the day the Currency hil OF the .as' '0iEre--
became d law. 70 1923. 06?.2 s3, and Increased by
Nov l.. 1907. to 7Io,a6S,6
Exclusive of the reserve iund, the available
cast balance Of IN" Treasury ~ns greater on
June 81, 1900, hy .2Iss7. 1919 than AZ the same, date
In 1919. but Tho Glin was partly 9hset by a
decr.ase OF IS 1913, 27S IN the next ensuing quarter.
The cash a.-ets beyond liabilities were s.u 49,
on on June a.. 1899 O.327.5 50; ON June ~, 1919,
| and So tss, 100 on Oct. |. 1900.
The exchange Of 5 rer-cents the old = rer-
cents, and the new 3 rer-oents Tor Percent;
act. Ia. proceeded steadily. The total amount
of the exchanseable securit!e- outstanding
was issS, l.e, $40. Spd by June Sns S 30, sSC Cob no iSsS;
under he provisions Of the Law
S3O. 4oi.sjO vas paid out oil the Treasury, after
the nd ustments of interest and some other ac-
counts The saving OF interest effected by me
saving at q, eO4.3l7 On Oct /. on, OF s2@o. $780,
1870 in bonds held by he Treasurer as security
for the circulating notes OF national banks,
S289, O75.OuD were new IS.
The aggregate amount OF money of all kinds
in ,ircIIation on Oct. |. 1900. Is estimated at
&. lia, e4,9s3. an Increase OF eisvsio.1H IN
to the enlarged use OF god and gold certificates
The increase per col tia wac IRON s25, oe 10
s27 .Oi. The yer capita of god at the latter
date was 5000. which is greater than that
Of al the currency in 1892. while the total of
god II greater than all the circulation al any
time previous to July. 1873.
The act OF March IL strengthened the glaran-
tee for the maintenance Of the gold standard.
both In providing for the settling apart OF a
reserve fund and In adding one-halt 70 the
aiOV0,00 which. In the practice Of the Depart
ment. was formerly maintained without specific
statutory requirement, The rntio OF the r-
serve to the fixed volume OF United States notes
was raised from p " 10 1927 PER cent.
The inflow Of gold In consequence OF material
conditions. prominent among which il n favor
able trade balance averaging sjs3. 2s3. POO in
the last three years. was also cooperate with
tho statute.
The amount ofpsper currency stamped with
the seal OF the Department and prepared for
issue during the year ending with September.
1900. waa s523. lD?. on. against s3e2 ,4l2.ND in
the year preceding The redemptiOns OF
worn material we're $500, 2lO,s2i In the latter
period. and t2j5.O?7 $50 in the earlier, The
Increasing demand for notes Of small denomi-
nations has been So heavy and 40 fully met by
The Department that taking into account
the gold coin Of the estimated total circulation
of g., Ii3. 2g4. os3 on Oct. l.. only SAFE, O+5 .o21
was in denomination. larger than $50.