The Holly chieftain., 1900-11-16
JUNGLE SANS VAULTS ARE
FULL TO OVERLOOKING

Washington. Nov. 13.-The annual
report Of the treasurer OF the United
States, Ellis II. Roberts. on the opera
ti0ns and conditions OF the treasury,
was submitted to Secretary Gage yes
terday. Mr.. Roberts says the growth
and prosperity OF the country and the
general activity Of business are reflect
ed In the transactions OF his office. The
net ordinary revenues Of the govern
ment for the fiscal year were 1857 ,24O,-
$50, the largest In the history OF the
country, excepting those of 1888, the
next highest, by 81. .201 .2SS.
The increase Of $51, ,2S0, ,232 over the
preceding year was contributed from
all the general sources, but chiefly from
customs and internal revenues. On the
side Of the expenditures there was
net Increase of $117, BIS. .3ss, In compar-
ison with 1900. 10 that the deficiency
Of $50, III $50 for that year was con-
verted into q surplus of $70,527 .O6O In
1900. The gross receipts under war
rant, including those on account Of the,
public debt, were 1887. .29a,282 and
the disbursements 81, 1876, ,943, ,472, a
large increase ON both sides over the
previous year.
With the exception Of July, 1850,
when there was a deficiency Of Of $S,-
SOC, 1892, a surplus was realized for ey
cry month of the year. the one for June
being the largest at $17, ,885, ,1S9. The
largest receipts for u single day were
s., 1888, February e8, 1900 and the
largest expenditures 81, S03 600. July 8,
1900. The largest surplus on any one
day was $4,041. 1896, August 29th, and
the largest deficiency $2,31S,621, July
5, 1899
Promptly upon the enactment Of the
new financial law, the divisions Of is-
sue and redemption therein provided
for We're established, and to them were
transferred the records and accounts
relating TO the issue and redemption
Of United States notes. gold certificates,
silver certificates and currency certih-
Gates. Up to October !, 1900 SD. $50,
S54 in United States notes and 1904
IO6 In treasury notes were redeemed in
gold out Of the reserve fund Of $15O,-
100000. Each day the notes so re-
deemed We're exchanged for gold from
the general fund. so that the reserve
was kept intact In amount and char
acter. Beside this reserve fund, the
trust funds, consisting of gold coin. sill
yer dollars and bullion and United
States notes held for the redemption of
certificates and treasury notes.
amounted on the day the act became a
law to s723 O62 2S3. and increased by
November l, 1900. to $740,965,879.
The aggregate amount of money of
all kinds in circulation October l, 1900,
is estimated at $2.113. .29I 1888, an In
crease of $1SO.S10.744 in fifteen months,
OF which So. .44O. $50 was due to the en-
larged use of gold and gold certificates,
the increase per capita was from
$25.3S to $21.O1.
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, 1870.
October LIST, 1924 per cent. of the
total circulation was in gold and gold
certificates, 26.45 in silver dollars. sill
yer certificates and treasury notes,
1886 per cent. in United States notes,
and 1911 per cent. in national bank
notes. 1t is significant comparison
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