The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-11-13
GOOD SHOWING
ANNUAL REPORT OF THE TREAS
URER OF THE UNITED STATES.
Figures That Indicate the National
Well as the People.
MORE MONEY IN CIRCULATION
INCLUDING GOLD, SILVER AND PA
PER, THAN EVER BEFORE.
Total on Oct. 4 Estimated at $2,113,-
1884, s3, an Increase of S1sO,s1O,-
744 I'm Fifteen Months.
PER CAPITA NOW IS $27.01
METALLIC STOCK OF MONEY EST
MATED AT Sill ,644,935.
Operations Of the Treasury Under the
New Law-Receipts and Ex-
penditures for Year.
Total on Oct. 4 Estimated at $2,113,-
294 ,9s3, an Increase of SIsO,sIO,-
IA I'm Fifteen Months.
PER CAPITA NOW IS $27.o1
METALLIC STOCK OF MONEY EST
MATED AT $1,711, 644,935.
Operations Of the Treasury Under the
New Law-Receipts and Elk
penditures for a Year.

WASHINGTON, Nov. 12-The annual re-
port of the treasurer of the United States,
Ellis H. Roberts, on the operations or the
treasury, were submitted to Secretary
Gage to-day. Mr.. Roberts says the growth
and prosperity of the country and or the
general activity of business are reflected
in the transactions of his. Office. The net
ordinary revenues of the government for
the fiscal year were s567. $50, the largest
in the history of the country, exceeding
those of 1866 the next highest, by $i7,2s1. 2SS.
The increase of 1.2SO,222 over the preceding
year was contributed from all the general
sources, but chiefly from customs and in
ternal revenue. On the side of the expendi-
lures there was a net decrease of $117,s5S,-
3sS in comparison with 1899, so that the de-
| ficiency of $50, $50 for that year was con-
verified into a surplus of S79,527060 in 1900
The gross receipts under warrant, including
those on account Of the public debt, were
81. 3s7 2e9. 262, and the disbursements, H.195.-
| $780, Az, q large increase on both sides over
| the previous year. With the exception of
| July, 1899, when there was a deficiency of
| IS, SOC, SD, a surplus was realized for
| every month of the year, that for
June being the largest. at s17,S95,159. The
| largest receipts for single day were $780,
513 Feb. &C. 1900, and the largest expendi-
ture. 81. $685. 600. July 3. 1900. The largest sur
plus on any one day was si,047396, Aug. %,
and the largest deficiency s2,S1s,621, July
5, 1899.
NOTES REDEEMED.
| Promptly on the enactment OF the new
he Of an
redemption therein provided for were es-
| tabushed, 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 certificates. Up TO Oct. 1.
| 1900 $22, $50 S54 in United States notes and
| SS5e4,1OS in treasury notes were redeemed
| in gold out of the reserve fund of $780,
100000 Each day the notes so redeemed
were exchanged for gold from the general
| fund, SO that the reserve was kept intact
| in amount and character. Besides this
reserve fund, the trust funds. consisting
! of gold coin, silver dollars and bullion and
| United States notes. held for the redemp-
| ton of certificates and treasury notes,
| amounted on the day the act became law
| to s723 O62 2SS, and increased by Nov. /,
1900. to s74o.965.679.
Exclusive of the reserve fund, the avail
| able cash balance of the treasury was
greater June So 1900, by $24, 1913 than at
| the same time in 1899, but this gain was
partly Offset by decrease of IS, 1853, 273 in
| the next ensuing quarter. The cash assets
beyond liabilities were si9723.017 June 30
1899; $780, 500 June so, 1000. and s1,1s3, 160
| Oct. 1, 1900.
| AS the receipts of the treasury were
greater than the needs of the government
measures were adopted by the secretary of
| the treasury for the purpose of restoring
the surplus moneys to the general circula-
| ton, these measures including prepayment
| OF interest and an offer to purchase
and per cent. bonds up TO s25.000,00o and
notice that the SO, 1864, 500 then outstanding
| of the per cent loan of 1891 would be
paid on presentation. Up TO Nov. the
redemptions under this notice were $685.,
los, 500. leaving s2,255.OOo outstanding. The
bond purchases under the call for and 5
per cents amounted to sl9.30O.e5O. with an
| additional s2373.5 O2 for premiums.
The exchange of 5 per cents. the old 4
per cents. and the new per cents. for 2
per cent consols, under the provisions of
the financial act has proceeded steadily. The
total amount of the exchangable securities
outstanding was sS39.1i6,340, and by June
| go 1901, lbs $50, or 1876 per cent of them had
been converted into the new Is. The
premiums allowed under the provisions of
the law amounted to ss0.77S.552 and in the
transactions $50, 4O4, $50 was paid out Of the
| treasury after the adjustment of interest
and some other accounts. The saving of in
terest effected by the operation is placed
at s42, 592, III and the net saving at Ss.604. 81
On Oct. /, out of s296. 155. $50 In bonds held
| by the treasurer as security for the cir
culating notes of national banks, S263, 075, 900
were new IS.
MONEY IN CIRCULATION.
The aggregate amount of money OF all
kinds in circulation on Oct. /. 1900. is esti-
mated at s., 1l3, 294 ,9S3. an increase of $780,
s1O,7A in fifteen months, of which s94, 44O, $3.50
was due 10 the enlarged use of gold and
gold certificates. The increase per capita
was from s253s to s2701. The per capita of
gold at the latter date was $1,000 which is
greater than that of all the currency in
1872 while the total of gold is greater than
all rne circulation at any time previous TO
July, 1879. On Oct / 1914 per cent of the
total circulation was in gold and gold GER
tificates. q. 40 in silver dollars, silver GER
tifcstes and treasury notes. 1886 per cent
in United States notes and 15.ll per cent.
in national bank notes. 1t is significant
comparison that on June 30, 1890, the per-
centage OF United States notes was PISS.
Two years earlier 1t was Is high as s2O7
While the volume of United states notes,
treasury notes and silver certificates is
limited by statutory provisions. the stock
OF gold is constantly growing. The metal
lie stock OF money is estimated for Oct 1,
1900. at s1o5s.s2 in gold $3.50. ss7 In silver