The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-12-04
FINANCES OF GOVERNMENT.
Financial Condition. Are Shown9oz
Ne Most Gratifying in Every
DETAIL

II IN gratifying to be able TO state that
the surplus revenues for the fiscal year
ended June 30. 1900. were SIS, 527r 0s0ls For
the six preceding years we had only def.
icits. the aggregate of which from fsaA-tn
lSNy. 1Helusive, amounted to $3.50. 022. ss1 IA.
The receipts for the year from all sources,
exclusive OF postal revenues. aggregated
s567. z<0.sb1.sy, and expenditures for all pur-
poses. except for the administration of
the postal department, aggregated $4s7T@
l1a n. The receipts from customs were
s2sS, ie<s7il6. an increase over the pre-
ceding year Of s1 03s. Al. Receipts frpm
Internal revenue were 1a5, s27 .926. 76 an In
crease OF SCI $50. 1856 over 1889. The re-
ceipls from miscellaneous sources were
ns,7ts.oosT, as against 1884 s2 for the
previous year.
II Ia gratifying also to note that during
shown IN the expenditures OF the govern
ment: the war department expenditures
for the fiscal year 1900 were 1854. TIA, 7sfs fsr
a reduction OF S95. 066, 4s06s over these Of
1879. In the navy department the expen-
diturcs were y6b 9b3. 07T.7a for the year
1890, NJ against Sill, 9t2.i0i.25 for the pre-
ccding year, decrease Of 81 ,9ss, OPS 3d. In
the expenditures on account OF Indians
there wan n decrease In fs1G over iSaa OF
~, 81. and In the civil and miseel.z
laneous expenses for 1900 thers was re-
duction OF 81. tiso 65.Tt
Condition Of Treasury.
Because Of the excess Of revenues oysr
expenditures the secretary OF the Treas
uSy was enabled TO apply bonds and othrr
securities to the sinking fund TO the
amount rf t5s,s4AsSs.es. The details OF the
sinking fund are set forth In the rnysprt
Of the secretary OF the treasury, Ia which
! invite attention. The secretary OF the
treasury estimates that the receipts FOR
the current nscal year Viii aggregate
~, u00oov and the expenditures 500 000-
W0 leaving an excess OF revenues over
expenditures Of to.ooo.Ga The present
condition or the treasury Ia one of=ssssz
doubted strength. The available cash
"A Ne NJ T4a a
Under the form OF statement prior TO The
financial law ~ March IA last this would
have been included IN the statement of
available cash gold coin aud bullion held
for the redemption OF United States notes
IL this form were pursued the cash .bnfsz
anoe, Including the present gold reserve
balance November 10, 1898, was SOS. IgSsz
3oi.SS In the general fund. which, IL
wholly sepaFAtt from the reserve and
trust funds, there was on November Be-
no 90 10 In gold coin and bullion to
which should he added Sc, ST. 500 In gold
ccftlgeates, subject 10 issue against
which there " held In the division Of fee
dcmpsian gold coin and bullion making 4
total holding OF free gold amounting 10
yNAO<g. s:s.ih,
Il Will be the duty. ar 4 am SURF n viii
be the disposition OF congress, - provide
whatever further lAsialation Is needed tn
insure the continued parity snder ar ems
ditinns between our two forms OF metals
lie money. sold and silver,
Nefundt0g OF bends
Our surplus revenues have permitted
the secretary OF the treasury since tAs
close ~ the Ascai year ~ call IN the fassd-
ed loan Of tsai continued at 2 per cgut in
aha rura ef-ts-Ssi 500 To and ins.s+-4.ssF
November 80 So As. 100 of these eszs.sl.
have been pAlA--4his sum, tO.pth her 4AItA
tho amount whieh mHf accrue from f1rs
theY redenptiaur under the call. &ifthg
applied 10 the sinking fund
The law Of March II, 1874 proyidea=fsr
refnndlng into per cent thirtr=Yesr
bonds payable. principal and interest 81
gold colt ri the present standard Xaiaa5
that portion 81 the puhie debt represented
by the 3 pcE~eent NoUds OF 1875, the 1 leE
vents OF 1906 and the per cents, of lsa4 Of
which there WAS outstanding az thr -stTra
N said Law sSrtlsa SD Thr he4asrs ~ tffE
old honis urrr~rted them FOR exchange
between March II and November u Il
the nLl9uitt-os AnfNtl 20 Tho ne4 Eay.
ing TO the government on these tE=fsE
actions Aggregates s. iM teS
Another eject % the operation. a. stat.
I'd ~ The SECRETARY IL 10 re.laeo sftT-
charge apOn-fhn treasury for thr pay
nient ~ interest from the date % re-
fnndiug % EotF4=ary 4 ies nv the kAa4.
u more than seven miliion dollars AA-