The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-11-13
PROSPER|TYOF THE COUNTRY
1T Is SHOWN IN THE REPORT OF
TREASURER ROBERTS.
Figures That speak Volumes, and
Break All Records for Financial
Growth-Measures by the De-
partment TO Maintain Circulation

WASHINGTON, Nov. Ia-The annual
report Of Treasurer Ellis II. Roberts on
the operations and condition of the treas
day.
Mr.. Roberts says the growth and pros
perity Of the country and the general ac-
transactions of his Office. The net orei-
nary. revenues OF the government for the
fiscal year were S56T 24o. So. the largest in
Of lsss, ths next he IN his SS by Al. IS The
Increase OF s5l. $50 232 over the preceding
Year was contributed from all the general
Sources, but chiefly from customs and IN
ternai revenues. On the side OF the ex-
pendltures there was net increase OF
snf, 30. 3SS in comparison with 1879. so that
the deficiency of SIS. III. go for that year
was converted int a surplus Of SO, .o6o
In 1900; The gross receipts under warrant.
debt, we're 81 s.. Is NJ and the disburse-
both sides over the previous year.
With the exception OF July, 1899. when
there was deficiency OF ss.5as. So a sur
year. the one for June being the largest.
at i5e. The largest receipts for a
Single day We're S.lsa,5is. February e.
ivu. and the largest expenditures 81 SIS ass
July 3. 1899. The largest surplus on any
one day was x4.9f7 .aS. August 90 and the
largest deficiency s2.sis' ssi. July !. iSas.
New Financial Law.
Promptly upon the enactment OF the
new financial law the divisions of the is
sue ana redemption therein provided for
were established. and 10 them were trans
TERED the records and accounts relating
y the issue and redemption of United
states notes, gold certificates silver GER
tihcates ard currency certificates. Up to
October ]. 1900. So 5an. sss in United States
notes and $3.50. los IN trea sury notes were
redeemed In gold out OF the reserve fund
OF si5e Vta.oeo Each day the notes so re-
deemed were exchanged for gold from the
general fund, so that the reserve was
kept intact in amount and character. Be
sides this reserve fund the trust fund.
consisting of gold coin silver dollars and
bullion and United States notes, amounted
on the day the act became law TO s72s.-
oSz2S5. and increased by November !, 1900.
to s74e 9e5. es7.
Exclusive of the reserve fund the avail
able cash balance OF the treasury depart
ment was greater June 80, 1900 by s24. ST.
iH than at the same date in 1923, but this
| gain was partly offset by n decrease OF
ss,ses, 2lS in the next ensuing quarter; The
cash assets beyond liabilities were xsa, 723,
Oh on June So 1893: So. 81, soc on June 80.
| 1902. and sil.1ss. 100 ON October /. 1900.
To Maintain Circulation.
As the receipts OF the treasury were
1 greater than the needs of the government.
| measures were adopted by the secretary
| OF the treasury for the purpose OF restor-
1 ing the surplus moneys 10 the general cir
1 cuiation, these measures including pre-
| payment OF interest and offer to purchase
| and 5 per cent. bonds up to s2s.oSe.apo
| and notice that the zS,3s4. 500 outstanding
1 of the per cent loan of 1891 would bt
4 paid on presentation. Up TO November
4 the redemptions under this notice were
| So. a.s0A. leaving &. coo outstanding
l The bond purchases under the call for
and per cents. amounted to Va ed5a
| with an additional s2373. 5o2 for premiums
Exchange of Bends.
The exchange of s per cents. the old
| per cents. and the new per cents. FOR
| per cent. consOis, under the provisions o.
| The financial act. has proceeded stendily
| The total amount of the exchnnEeabl'
| securities outstanding was Ss3s,146sfo, ant
| by June 30 S3e7 lbs 40. or 3ss per cent o
| them had been converted Into the new e
| The premiums allowed under the PROV
| sions of the law amounted to <3o,77s, So
| and in the transactions $50. so was pai'
| out of the treasury. after the adjustmen
| of interest and some other accounts. Thu
| saving Of interest effected by the opera
| ton is placed at si2.5s2,77l and the ne
| saving at Ss.eA3i7. on October l out o
| S2es 755 100 in bonds held by the treasure
| as security for the circulating notes o
| national banks Ssss. .ep9 were new 2s
The inflow OF gold in consequence of tn
| material conditions. prominent amonl
which r. favorable trade balance aver
aging $50. IS, 3la In the last three years
also co-operates with the statute.
The national bank notes presented 10
| redemption during the year amounted Z
Sss as2 sg5 or 81 q per cent. of the aversg
volume outstanding, an Increase Of ss.lSf.
30s over 1899. The expense incurred In -
redemption and assortment. including 81.
767 for transportation. amounted 10 VIZ,
sS5. which sum will be apportioned anon
the banks at the rate OF l3S9Ss OF thei
notes redeemed.