The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1900-11-23
THE NATIONAL TREASURY.
Revenues of the Government the
Past Fiscal Year the Largest
in Its History.
ANNUAL REPORT OF TREASURER ROBERTS
Growth and Prosperity of the Conn
try Reelected In Operations and
Conditions of the Finances-Sur-
plus Every Month But One-Inter-
eating Facts and Figures. IL 8tis


eating Facts and Figures. fl'
Washington, Nov. 13-The annual report
of the treasurer of the United States, Ellis
III. Roberts. on the operations and condition
of the treasury. was submitted to Secretary
Gage Monday. Mr.. Roberts says the growth
and prosperity of the country and the gem
eral activity of business are reflected In the
transactions of his office.
The Revenues.
The net ordinary revenues of the gov
eminent for the fiscal year were $685.. 240.-
S52. the largest in the history of the coun-
try. exceeding those of 1866, the next
highest. by SAT- ,2SS The increase of
contributed from all the general sources,
but chiefly from customs and internal
revenue. On the side of the expenditures
there was net decrease of Sill. S5SSSS in
comparison with 1885, so that the def
cheney of $50, Ill $50 for that year was con-
verified into a surplus of SO, 527 .06O in 1900
The gross receipts under warrant, In
GLIDING those on account of the public
debt, were 1881. 299, 262 and the disburse-
ments 1885, 94S, 472, a large increase on
both sides over the previous year.
With the exception of July, 1899. when
there was a deficiency of $500, 1872, q sur
plus was realized for every month of the
at 1889. 159. The largest receipts for a
single day were $5.19s,51S, February 26,
1900, and the largest expenditures $780,
000 July g. 1900. The largest surplus on
any one day was $4,047, 1896, August 20.
and the largest deficiency, $2,31S,621, July
5, 1899.
Work OF Redemption.
Promptly on the enactment of the new
financial law the divisions of issue and re-
demption therein provided for were estab-
lished and to them were transferred the
records and accounts relating to the issue
and redemption of United States notes,
gold certificates, silver certificates and cur
rency certificates Up to October l, 1900,
$22, S54 in United States notes and 49,
594 70S in treasury notes were redeemed in
gold out of the reserve fund of $780, 600. 900.
Each day the notes SO redeemed were ex-
changed for gold from the general fund.
so that the reserve was kept intact in
amount and character. Besides this re-
serve fund, the trust funds, consisting of
gold coin, silver dollars and bullion, and
United States notes, amounted on the day
the act became law to $723 062, 2S3, and IN
creased by November !, 1900, to $740, 965, 679.
Bond Purchases.
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 c1rcu-
lation, these measures including prepay
ment of interest and an offer to purchase
four and five per cent. bonds up to $2o, 0O0,-
900, and notice that the SOS, 1854 500 then out
standing of the two per cent. loan of 1891
would be paid on presentation. Up to No
vember the redemptions under this notice
were $23, 100, 500, leaving 81, 900 outstand-
ing. The bond purchases under the call
for four and five per cents amounted to S19.-
3O0 $50, with an additional 81 373, 502 for pre-
miums.
The Circulation.
The aggregate amount of money of all
kinds in circulation on October 1, 1900, is es-
timated at S. 113, 294 9S3, an increase of $780,
SOFIA in Is months, of which 1914. 440, $50 was
due to the enlarged use of gold and gold
certificates. The increase per capita was
from $25. SO to $27.01. The per capita OF gold
at the latter date was $1,000, which is great
err 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,
1879.
Work of the Ceunterfeiters.
During the fiscal year there were de-
tected and destroyed at the offices of the
treasury $11, 146 in counterfeit silver coins,
notes and certificates, 32T five-cent pieces
and 121, 652 one-cent pieces. Comparison
with the previous year shows no signifi-
cant changes, excepting in the number of
spurious minor coins in circulate which
gold coins are rare, only Ii having been
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