The Washington times., 1901-11-01

Report of the Treasurer of the
United Statcs-An Increase From
All of the Sources of Funds-The
Ellis H. Roberts, Treasurer Of the Uni
ted States, submitted his report of the
transactions cf his office during the last
fiscal year to the Secretary Of the Treas
ury, yesterday afternoon.
MIR. Roberts discusses matters pertain
ing to his office as follows:
The net ordinary revenues for the
year were 1857, ,6S5, ,3S7, an increase of $20-
i4I,i& 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 $685.
so, ,353 has been exceeded but four times.
from 1863 to 1865. and in 1899. The surplus
of S77.i17,9Si was slightly under S20o0,0O0
less than in 1900. Inclusive Of the trans
actions affecting the public debt, the ag-
gregate receipts were 81 JAG. iS9. .306, and the
aggregate disbursements. 81, ,O77. .O63, ,O52.
For the first quarter of 1892, although
the act of March 2. 1901, was operative,
reducing the revenue, the receipts were
only 50, $50 less than for the like period
of 1901, while the expenditures for the
same months were reduced by almost ex-
actly $40, ,069, 600.
The reserve of S15OOoo.OoO in gold. re-
quired by the financial law of 1900, has
been kept intact by the daily Substitution
of gold coin and bullion out OF the gem
eral fund for the notes redeemed. These
redempticns, which amounted to S24, ,697, =
SSS for the year. do not indicate any pref
erence for gold over paper, but simply
the desire for large denominations which
are most conveniently supplied in gold
certificates. After making certain de-
ductions for items not available in gen.
eral payments, the free cash was Sl55,-
sll.664. which was distributed among the
nj he FfNras1 and
cIfices of the Mint, including S101 49,
s73.Ss in the national bank depositaries
In the first quarter OF 1902, the deposits in
national banks increased 81 0s7. .4S5 IS
while the available cash balance was re-
duced by $G,913.3f494
THE issue of per cent consols of 1880
In exchange for the loans maturing in
1904. 1897, and 1905 was continued up to
December 81. 1900, by which time the total
amount of the principal converted reach
ed $4i5, ,9iO,150 These transactions involved
the payment of an aggregate sum of S45,-
4o9, ,607 in money. on April 1 was begun.
under the order of the Secretary of the
Treasury, the purchase of bonds of the
same loans, at price computed to sum
LIPS per cent. Up TO June 80 the pur
chases amounted to $l4 359. $50 of principal.
at a total cost of SIC, ,257, ,92S. By this proc
ess. and under a notice of the Secretary
of the Treasury. September 10, inviting of
fers to sell TO the Government $4,000. 900
of bonds including the loan of 1925, pur
chases were carried up to $40. $50. at an
aggregate cost of f49, f3S. .i36 a. OF the
funded loan of 1891. on which interest
ceased August IS. 1900, bonds Of the face
value of 81, ,705. $50 We're redeemed during
thc year, leaving balance Of $4,000 out
standing, and In the new fiscal year pay
ments reduced the balance to Sl2,5c9 AL
though the aggreg gate Of the debt has been
Slightly increased. the swelling of the fig
ures was due to the enlarged issue of
gold and silver certificates on October l
all but S46 I34 $50 of the new per cent
bonds were held by the Treasury for ma
tional banks as security for circulating
notes and public deposits.
The monetary stock of the country re-
ceived during the year an increase of up
ward of SIS 001. 600 in gold SS7. 900 in sill
Yer coin. and nearly SIT, 10000 in notes
and certificates. The circulation per cap
ita was $3.50 July l, 1900, s2S July !, 1901.
and S23.52 October !. 1901 Up to the last
date. from July !. 1897, there was an in
crease of 1868 $50. ASS in the stock of gold,
which was then estimated at l,l60. .S53, ,790
and of this there was s9iS, us 436 in circu-
lation in the form of coin or certificates
BY October 81 the gold in the Treasury,
consisting Of the reserve, the security for
certificates and the sum in the general
fund. was S542. So $40, the highest in the
history of the country. and more than
was ever held under single control else
where in the world, except once for few
months. The receipts in New York for
customs are nearly all in gold certin-
Gates, and balances between the clearing
house and Sub-Treasury are settled al
most entirely in the same medium
''To the extent that gold certificates,