Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1900-11-16
TREASURER REPORTS
Ellis Il. Roberts Tells of Operations
If His Bureau.
Revenues of the Government the
Largest in Its History-Grent Gains
In Gold Rcserve-Our
Circulation.

Washington, Nov 13.-The annual report
Of the TREASURER of the United States, Ellis
II. Roberts, on the operations and condition
of the treasury, was submitted to Secretary
sage Monday. Mr.. Roberts says the growth
and prosperity of the country and the gen.
eral activity of business are reflected in the
of his office.
The Revenues.
The net ordinary revenues of the gov
ernment for the fiscal year were s567 240,-
so2, the largest in the history of the coun-
try, exceeding those of 1866. the next
highest. by A7,29l, ,2SS. The increase of
s5l, ,2S0.232 over the preceding year was
contributed from all the general sources,
but chiefly from customs and Internal
revenue. On the side of the expenditures
there was a net decrease of sl17, 1858, 3SS in
with 1899. so that the def
cheney of sS9,1l1, $50 for that year was con-
verted into surplus of S79,527 ,060 in 1900.
The gross receipts under warrant, in
Guiding those on account of the public
debt, were 1887 299, ,262, and the disburse-
ments sl,195,9i3472, a large increase on
both sides over the previous year.
With the exception of July. 1899, when
there was a deficiency of SS,5O6, ,S32, a SUR
plus was realized for every month of the
year, the one for June being the largest,
at $l7,S95,l59 The largest receipts for
single day were $5,199,5l3, February 26,
1900, and the largest expenditures si,S03,-
900, July g. 1900. The largest surplus on
any one day was s4,047. 1896 August 29
and the largest deficiency, s2,3lS,62l, July
s, 1899
The Circulation.
The aggregate amount of money of all
kinds in circulation on October l. 1900, Is es-
timated at 81 113, 29i 1888. an increase of $780,
$40, ,744 in Is months, of which S94. .440. $3.50 was
n the pplnrUad nf gold and ppld
certificates. The increase per capita was
from s25.3S to s27.0l. The per capita of gold
at the latter date was Sl0.60. which is great
er 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,
1879.
On October /, 1924 per cent. of the
total circulation was in gold and gold GER
tificates, 1854 in SILVER dollars, silver GER
tificates and treasury notes, 1886 per cent.
in United States notes and 15.11 per cent.
In national bank notes. 1t is significant
comparison that on June 30. 1890. the per-
centage of United States notes was 22.5S.
Two years earlier 1t was as high as 32.07.
While the volume of United States notes,
treasury notes and silver certificates Is linn
tied by statutory provisions, the stock of
gold is constantly growing. The metallic
stock of money is estimated for October
/, 1900 at $l059 2SS 500 in gold, $566 355 1861 in
silver dollars and bullion. and $S6 0O0, ,74S in
fractional silver coin, an aggregate of 81.
al ,6ii 1856.
strengthened by New Inv.
The act of March IA strengthened the
guarantee for the maintenance of the gold
standard, both in providing for the setting
apart of a reserve fund and in adding one
half to the 500, 900 900 which in the prac-
tice of the department was formally main
tanned without specific statutory require
The tin the m a fyei
volume of United States notes was raised
from SIS to 1927 per cent While the ratio
of the new reserve to the sum of both
classes of legal tender notes was original
ly only "a per cent, the gradual retirement
of the $50. 40. coo of treasury notes out
standing at the passage of the act will re-
duce the demands on the fund to that ex
tent. The inflow OF gold in consequence ol
material conditions, prominent among
which is favorable trade balance aver
aging s563 2S3, ,209 in the last three years, will
also cooperate with the statute.
Paper Currency.
The amount of paper currency stamped
with the seal of the department and pre-
pared for issue, during the year ended will
September, 1900, was s523, $4,000, agains
$780,, 412 900 in the year preceding. The re
demptions of worn material were s303, ,2l9.
s24 in the later period, and S255. .027, $50 in th
earlier. The increasing demand for note,
of small denominations has been so heavy
and so fully met by the department, tina
taking into account the gold coin. onl!
S426. .0i5,022 of the estimated total circula
ton of S2,llS,29i, ,9S5, on October l. was II
denominations larger than $50.
The operations of the treasury and ii
branches are conducted In increasing ra
ito in gold, the receipts of the fiscal yea
In that coin having increased $6i1. .0S0, ,00l
and the disbursements $500, ,6i2 12s, owe
10 t..4 In, hA at-a No
ton of standard silver dollars in the au
tumn of each year, followed by their re
turn to the treasury few months later
This is an incident to the movement of tn
crops and to the free delivery by the treas
ury of such coins The amount in circula
ton November l was Sl3,4I9. 469.
Subsidiary Silver Coinage.
The provisions made by congress for tn
increase of the subsidiary silver coinage t
SlOO. 100000 have been great convenience
and the department., through the mint, ha
been able to supply all demands for thes
coins. The amount of them in circulation
which in January. 1890. was only $5i, 202 IA
| rose by October l. 1900, to s79, ,432. 1874. Th
distribution of minor coins from the OF
| fees of the treasury and mint during tn
| hscal year amounted to So. 1881, against 81
| 926, 9SS the previous year.
The treasury each year is called upon I
| furnish small denominations of paper cul
| rency for use in the movement of the crop
| The amount of these exchanges at the sui
treasures in New Orleans, St. Louis an
Chicago up to November /. this year. We
SS.436,O0O, against S3,970.00o in 1899.
Work OF the Counterfeiters.
During the fiscal year there were d,
tected and destroyed at the offices of III
| treasury sll,l46 in counterfeit silver coin
notes and certificates, 3.277 five-cent piec,
and l2l,652 one-cent pieces. Comparise
with the previous year shows no signii
cant changes, excepting in the number
spurious minor coins in circulation, whiC
are rapidly ON the increase. CounterIe
gold coins are rare, only 13 having bee
presented at the treasury during the yea
Redemption of Bank Notes.
The national bank notes presented f
redemption during the year amounted
S96, $50 607. or 37.25 per cent. of the averai
volume outstanding, an increase of S6,l44,a
over 1885. The expense incurred in the r
demption and assortment, including SSl
767 for transportation, amounted to Sl2.
9S5. which sum will be apportioned amor
the banks at the rate OF 81. .3S55S of the
notes redeemed.