Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1900-12-12
GAGE MAKES REPORT.
Secretary Presents an Exhaustive FL
nancia1 Statement.

naucia1 Statement.
Secretary of the Treasury Lyman ].
Gage on Tuesday submitted to Congress
his annual report. The report shows that
the revenues OF the government from all
sources for the year ended June 30, 1905,
We're $3.50, sos. 4311S. The principal
items in this total are from internal rev
enue. S295, 1921, 926.76; from customs,
S223, 164, S71.16, and from the postal SER
vice. $102, 354, 1920.
Expenditures for the same period az
gregated $500, 06S,37l, including $780,
S77,316 for pensions, S134,IT4, 7o7.7S for
the military establishment, including riv-
ers and harbors, forts, arsenals, sea coast
defenses and the war in the Philippines;
S55, 1853, 077.T2 for naval establishment,
and SOS, 542. 4113T for the civil establish
ment. Interest on public debt was $40,-
ICE, 333, 2To. This leaves surplus Of
SIS, 1921 ,06o.1S
Referring to the working of the new
gold standard law. the report says:
Promptly on the passage Of the act Of
March IA, 1900, there Were transferred
to the divisions of issue and redemption
the records and accounts relating to the
issue and redemption of the government
notes and certificates. Up to Oct / the
total redemptions in gold from the new
reserve fund of $i50,000,0O0 were $22,-
530,S54 in United States notes and 49,
594, ,0s in treasury notes. The sums
drawn from the reserve have been daily
restored from the gold in the general
fund. Exclusive Of that reserve, the as
sets and liabilities Of the new divisions
were S723, 062, 1T9 on June so, and ST40,-
965,6T9 on Nov. /.
Comparison of the state OF the treas
ury shows an increase Of $24, SS7, 093,3
the available cash balance. exclusive
of the reserve of $150,000,O00 for the
year. The cash actually in the eults OF
the treasury, as distinguished from the
deposits in banks and other asset not
consisting Of money, increased by S6,621,-
3eS.14. The most notable increase was
in the smaller denominations of paper
currency, which are in demand for NOV
ing the crops. or these, the treasury
held $14.062, 172 more than last year. The
excess of assets over current liabilities
was, ON June 80, $40, I23. 01T.60 in 1899,
and $50, 1927 sol. 76 in 1900"
Secretary Gage reports a saving of ST.
100000 annually in interest under the
bond refunding provision Of the money
act. The total amount refunded was
$3.50, 0S3, $50. The bonds outstanding
Nov 10, 1900, admitted to the privilege
of refunding were $4S7 ,06e, 400.
The coinage executed during the fiscal
year was Gold. S10T, 1887, 10; silver dol
lars, SIS, .9S4; subsidiary silver, $12,-
S76,S49 Is minor. $2,243.017.21: total,
$141 ,3O1, 96036. This was exclusive OF
$4,000 Lafayette souvenir silver dollars.
At the time OF this report the gold re-
serve il the treasury was $242 ,000, 900.
On the country's foreign commerce the
report says:
-Four great facts characterize the for
eign commerce of the fiscal year 1900:
First, it exceeded that of any preceding
year, and for the first time the grand
total OF imports and exports passed the
2,000, 100000 mark; second, manufac-
turers' materials formed larger proper
ton Of the exports than ever before;
third, manufactured goods formed large
proportion of the exports than ever be-
fore; fourth, exports were larger than
ever before, and were more widely dis
tributed than in any preceding year.
THE total exports of the year were
valued at 1884, ASS, 0s2, of which ST.
80, 1881 We're of domestic production.
OF this vast sum manufactures formed
31.65 per cent against 2S,21 per cent in
1899, 23.14 per cent in 1895, and 1887
per cent in 1890. The total expectation
of manufactures during the year 1900
was $433, S51, 1856, against 1880, 592, 146
in 1899, an increase of nearly $100, co.,