Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-11-01
JUNGLE SAN 5 TREASURE
Treasurer Of the United States
Ellis Roberts Makes His
Annual Report.
Says the Treasury Was Never
Stronger Than at Pres.
ent Time.
A Healthful Growth Of Gold Sup.
ply In the Whole
Country.

erations, which were of the first order
! both in variety and magnitude. resulted
in noteworthy changes in the paper cur
| rency, as we'll a steady and healthfu
growth of gold in the treasury and In
| the general stock.
| The net ordinary revenues for the year
were 5S76S5,337, an increase of $780, 44,
1856 over those of 1900. which were the
next highest recorded. The increase
came from each of the heads of resource
but chiefly from internal revenue. On
| the side of the expenditures, the total of
$5O9.967, 1853 has been exceeded only four
times, in 1863. 1864, 1865 and 1899. The
surplus Of sll,117,9S4 was slightly under
| 100000 less than in 1900. Inclusive of
| the transactions affecting the public
| debt. the aggregated receipts We're 81
| LAG, 4S9, S06. and the aggregate disburse-
ments S1,O77. 063, 052.
The reserve of s150.000.000 in gold re-
| CURED by the financial law Of 1900 has
been kept intact by the daily substitu-
| ton of gold coin and bullion out of the
general fund for the notes redeemed.
These redemptions amounted to SEA-
69i,S6S for the year.
After making certain deductions for
items not available in general payments
the free cash was $156911 ,664
The issue of per cent consols of 1890
in exchange for the loans maturing in
1904, 1907 and 1908, was continued up to
Dec. 81, 1900, by which time the total
amount of the principal converted
reached s445, $40, $50. These transactions
involved the payment of an aggregate
sum of 45,409 COZ in money
On April was begun, under the order
of the secretary of the treasury, the
purchase of bonds of the same loans, at
y price computed to earn 1.726 per cent.
Up to June 80 the purchases amounted
to $H,359,520 of principal. at a total cost
of $f6,257, 92S. BY this process and under
n notice of the secretary of the treasury
Sept. 10, inviting offers to sell to the
government s20,o00,000 Of bonds. includ-i
ing the loan of 1925, purchases were car
ried up to S40.4T7.900.. at an aggregate
cost of $4a.43s,436. OF the funded loan Of
1891. on which interest ceased Aug. IS,
1900, bonds of the face value of sci 105. $50
We're redeemed during the year, leaving
balance of S274.600 outstanding, and in
the new fiscal year payments reduced
the balance to $4,000.
Altho the aggregate of the debt has
heen slightly increased. the swelling of
The figures was due to the enlarged issue
Of gold and silver certificates. On Oct
] all but SAG 1874 $50 Of the new per cent
bonds were held by the treasury for ma
tionai banks as securities for circulating
notes and public deposits.
The monetary stock of the country re-
ceived during the year an increase of
upwards Of sSS, ZOO, 600 in gold, 100000
in silver coin and nearly sl6oo0,000 In
rotes and certificates. The circulation
rer capita was $3.50 on July !, 1900; s2s
on July /. 1901: and $2S52 on Oct. !, 1901.
Up to the last date, from July i, 1887,
there was an increase of $46S, $50, 45S in
the stock of gold, which was then esti-
mated at $1,160S53.7 100, and of this there
was s90S, IT'S, 436 in circulation i'll the form
of coin or certificates. BY Oct. 81 the
gold in the treasury, consisting OF the
reserve, the security for certificates ana
the sum in the general fund was S642,
s22. $40. the highest in the history OF the
and more than was ever held
Under single control elsewhere in the
world, except once for a few months.
On Oct. 10 the total amount of out
standing paper money OF the denomlna-
tions of $40 and under was $3.50, l2l,9 81.
The increase in those denominations in
the last four fiscal years was upward
of s166, 00O, 000 Arrangements are COM
r,,eted, subject to generous action by
congress. for putting out notes and Ger
t;ficates with the beginning of the calen-
dar wear 1902 at the rate of l3o,00O,0O0
pieces annually 1t is hoped that thus
the currency will be we'll seasoned be-
fore 1t is issued.
The redemptions of national bank
notes were the heaviest in Twenty-Five
years. amounting to s147, 006,577, an in
.reas,e of $50. 500, $40 over 1900.
The shipments Of standard silver dol
ars from the treasury amounted for the
year 10 s3S, 1885, $40, and the amount out
standing in December was s76,1s2.326,
cut this wac reduced nearly $40, 100000 by
July. in consequence of the return of the
.oins TO Washington. The shipments
we're 5.66 per cent greater in 1901 than in
900. The standard dollars presented at
ne treasury in Washington for ex-
,hange were 81 per cent in excess of
such TRANSACTIONS III lHe preceding year.
rhe shipments of subsidiary silver coins
we're 6.94 per cent in excess of those of
900, and the amount in circulation adj
-anced So, 405, $50. The redemptions in
9O1 were 1875 per cent more than the
'ear before.
Porto Rican coins, representing $780, <
"a pesos in silver and 34,122 in bronze,
rave been exchanged under the author
ling act into $3,440 22O in United States
The exchanges have now
allen to such small proportions as toll
Indicate that but few of the old coins re-
main in circulation.
Since July l. 1900 the principal OF the
of the Central Pacific Rail-
way Company has been reduced in the
UNI Of s4,739.974 by cash payments and
furnished. The balance
i the principal remaining unpaid at the
late of the last transaction vas $685.
g.. secured by first mortgage bonds for
SO 600 as collateral.
II
Land Office Operators.
Washington Nov. 1.-The annual re-
ort OF Commissioner Hermann, of the
cneral land Office, says that 1852. 79s