The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-11-13
9TH sides over the previous year.

| Win tlle exception OF July, 1919, WiiOl
there was deficiency of $8506,S32, {
surplus was realized for every month o.
the year, the one for June being tht
largest at $17895, 159. The largest re
ceipts for single day We're $5,199, 519
FEBRUARY rs, 1900, and the largest ex
ponditures $4,S03, 900, July 8, 1900 The
largest surplus on any one day was $4,
O4l996 August 20, and the largest def
cheney, $2,91S,621, July 5, 1892
Besides the reserve fund, the trust
FUNDS, consisting of gold coin, silver
dollars, and bullion, the United States
notes held for the redemption of certifi-
cafes and treasury notes, amounted on
the day the currency bill of the last
congress became law, to 1928 062, 1888,
and Increased by November /, 1900, to
$740,965, 679
Exclusive OF the reserve fund.- the
available cash balance of the treasury
was greater June 80, 1900, by $24, 1857, 1893
imam at the same date in 1892 but this
gam was partly offset by a decrease of
$S663,273 in the next ensuing quarter.
The cash assets beyond liabilities were
$i9, I23,O17, June 80. 1899; $50, 1921, 500, June
81, 1900, and 1888, 100, October 1, 1900
Inc exchange of per cents, the old
per cents, and the new per cents for
per cent. consols, under the provisions
or the financial act, has proceeded
steadily. The total amount of the ex-
changeable securities outstanding was
$3.50, l46,340 and by June so. 1907, 1926, $50
or 96.6 per cent of them, had been con-
Vefted into the new rs. The premiums
allowed under the provisions of the
law amounted to $50, 773, 552 and in the
transactions $50, 404 $50 was paid out OF
the treasury, after the adjustments of
interest and some other accounts. The
saving of interest effected by the oper-
alton is placed at $42 592, III, and the net
saving at $8,604 81 On October 1, out
of 1926. 755,130 in bonds held by the
treasurer as security for the circulating
notes of national banks, 1858 ,O75,O 900
were new Is.
The aggregate amount of money of all
kinds in circulation on October l. 1900
Is estimated at S2,113, 294, 9S3, an increase
OF Sl80,810,744 in fifteen months, Of
which $94,440,930 was due to the en-
larged use of gold and gold certificates
The increase per capita was from
$25.SS to $27.01. The per capita of gold
at the latter date was $1,000, which is
greater than that of all the currency in
1852, While the total of gold is greater
than all the circulation at any time
previous to July, 1879.
The act of March IA strengthened
the guarantee for the maintenance of
the gold standard, both in providing for
fha eattinry n ne rt Of f,,p M
in adding one-half to the 100000, 900
which in the practice of the department
was formerly maintained without spe-
cific statutory requirement. The ratio
of the reserve to the fixed volume of
United States notes was raised from
2S.S5 to 1927 per cent.
The amount of paper currency stamp
ed with the seal of the department and
prepared for issue during the year end |
ing with September, 1900, was 1923 1872 |
600, against 1852, $4,000 in the year pre-
ceding. The redemptions of worn ma
terial were 1903 ,219,S2 in the latter pc
Rod and $255, 027, $50 in the earlier The
increasing demand for notes of small |
has been so heavy, and |
so fully met by the department, that
NtthllS lIILU dCCDuII the goa COIN OIL
the estimated total circulation of $2,- |
liz, 294, 1888, on October l. only $426, 045 ,022 |
was in denomination larger than
twenty dollars
The preparations of the treasury and |
It's branches are conducted in increas-
ing ratio in gold the receipts of the fis-
,al year in that coin having increased
s641 ,0S0, Dol and the disbursements $780,
i42 1928 over 1899. There is an increase
n the circulation of standard silver dol
ars in the autumn of each year, fol-
owed by their return to the treasury
'ew months later. The amount in cir
,uation November ! was $73, 479 1859
The provisions made by congress for
he increase of the subsidiary silver
coinage to $l00, 1000, 900 have been great
and the departments,
through the mint, has been able to sup
by all demands for these coins. The
mount of them in circulation, which in
1890 was only $54 202, 140, rose
~ October 1, 1900. to 79,432, 1873. The
of minor coins from the
tfices of the treasury and mint during
he fiscal year amounted to $S,174,971,
gainst 81 9S3 the year before.
The treasury each year is called upon
o furnish small denominat tons of pa
'er currency for use in the movement
f the crops. The amount of these ex
hanges at the subtreasuries in New
orleans, st. Louis and Chicago up to
November 1, this year, was $S,436,000, !
gainst SO, 100000 in 1899.
The act of April IL, 1900, provides for
he substitution of United States coins r
Or the Spanish coins of Porto Rico, es-
mated by experts at 100000 pesos, at
he rate of 60 cents for each peso. The
was begun on May /, when
he provision went into effect and by
-ugust 20 the sum of 5,470227 pesos had
cen received and paid for in $685. 1876 |
f American money.
During the fiscal year there We're de-
5cted and destroyed at the offices of the
'easury $11146 in counterfeit silver
oins, notes and certificates, 3277 five
9nt pieces and 121 ,652 one-cent pieces.