Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1901-11-09
UNCLE sAM's STRONG BOX.
Annual Report of the United States
Treaaurer.

Annual HepOrt Oh the Onlteu StAtcs
Treasurer.
The Hon. Ellis H. Roberts, treasurer
Of the United States, in his report Of
the transactions of his office during the
last fiscal year, says that the treasury
was never stronger than at the close Of
that period. The operations, which
were Of the first order both in variety
and magnitude, resulted in noteworthy
changes in the paper currency, as well
as a steady and healthful growth of
gold in the treasury and in the general
stock.
The net revenues for the year were
$5S7 ,6S5, 1897. an increase Of $40, ,444, ,4S5
over those Of 1890, which was the next
highest on record. The increase came
from each Of the heads Of resource, but
chiefly from internal revenue. On the
side Of the expenditures the total OF
$509, ,967, 1853 has been exceeded only four
times, in 1863, 1864, 1865 and 1899. The
surplus Of $77,717,9S4 was slightly under
two million dollars less than in 1900.
Inclusive Of the transactions affecting
the public debt, the aggregate receipts
were s1,146, 4S9, ,3O6, and the aggregate
disbursements SLOT, ,063, ,052.
For the first quarter Of the fiscal year
1901-02, although the Act Of March 2,
1901, was operative, reducing the reve-
nue., the receipts were only $3,417,s6O
less than for the like period Of the fls-
cal year 10000, while the expenditures
for the same months were reduced by
almost exactly s2O,0O0,0OO.
The monetary stock Of the country,
received during the year an increase of
upwards Of sss,OOO,0OO in gold, s37,OO0,-
900 in silver coin, and nearly $16,0O0,0OO
tn notes and silver certificates. The
circulation per capita was $3.50 July
1, 1900; s2S July 1, 1901, and $2s.52 Octo-
ber 1, 1901. Up to the last date, from
July l, 1897, there was an increase of
$463, ,45S in the stock Of gold. which
was then estimated at $1,160, 1853, ,79O,
and Of this there was $90S,71S,463 in cir
Gates. BY October 81 the gold in the
treasury, consisting Of the reserve, the
security for certificates and the sum IN
the general fund, was $542, ,S22849, the
highest in the history of the country,
and more than was ever held under
single control elsewhere in the world,
except for a few months. The receipts
in New York for customs, are nearly
all in gold certificates, and balances be-
tween the clearing house and sub
treasures are settled almost entirely
in the same medium.
To the extent that gold certificates,
which are Of the denomination Of $40
and upward, have taken the place Of
other large paper, 1t has been possible
to supply small notes and certificates
much more freely than formerly. 1t Is
of paper will by influences now at work
be changed from denominations above
$40 to that size or smaller, so that the
annoyances which have heretofore aris-
Gil lIOlll liC oNCi " ~
mand for small notes may be expected
to diminish. On October l, the total
amount Of outstanding paper money
of the denominations of $40 and under,
was $3.50, ,125, ,921. The increase In those
denominations in the last four fiscal
years was upwards of s166,OO0,O0O.
Arrangements are completed, sub
ject to generous action by congress, for
putting out notes and certificates with
the beginning Of the calendar year 1902
at the rate Of 135, 900 pieces annual
ly. 1t is hoped that thus the currency
will be we'll seasoned before 1t Is issued.
The shipments Of standard silver dol
lars from the treasury amounted for
the year to 1872, ,33S,519 and the amount
outstanding in December was $685.
326, but this was reduced nearly $1O,-
100000 by July, in consequence Of the
return of the coins to Washington. The
shipments were 5.66 per cent. greater
in 1901 than in 1900, and there was an
increase in the first quarter Of 1902 over