The Denison review. [volume] (Denison, Iowa) 1867-current, 1901-11-05
NEVER STRONGER.
United States Treasurer Roberts Re-
ports Gratifying Condition of
the Nations Finances.

Roberts, treasurer of the United
States, in his report of the transact
lions 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 we'll
as steady and healthful growth of
gold in the treasury and in the gen
eral stock.
The net ordinary revenues for the
year were $5S7, 6s5,337, an increase of
$20,444,4s5 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 eXpendi-
lures, the total of $500, 967,353 has been
exceeded only four times, in 1868, 1864,
1865 and 1890. The surplus of SIT, n.y.
9s4 was slightly under $2,000,000 less
than in 1900. Inclusive of the transac-
lions affecting the public debt, the ag-
gregate receipts were $1,146, 4s9, 306,
and the aggregate disbursements
81 OFT, 063,O5 For the first quarter of
1902, although the act of March 2, 1901,
was operative, reducing the revenue,
the receipts were only $3,417,96O less
than for the like period of 1901, while
the expenditures for the same months
We're reduced by almost exactly $780,
100000.
The reserve of s15o,ooo,ooo in gold
No i,1 low Of
has been kept intact by the daily sub
stitution of gold coin and bullion out
of the general fund for the notes re-
deemed. These redemptions, which
amounted to $24,6o7,s5s for the year,
do not indicate any preference for
gold over paper, but simply the de-
sire for large denominations, which
are most conveniently supplied in
gold certificates. After making GER
tain deductions for items not avail
able in general payments, the free
cash was S156,911, 664, which was dis
tributed among the ten offices of the
treasury and the 10 offices of the
mint, including o1,416,973 in the
national bank depositaries.
The monetary stock of the coun-
try received during the year shows an
increase of upwards of $sS,OoO,oOo in
gold, $37,000,000 in silver coin and
nearly $16,OOO,OOO in notes and GER
tifcates. The circulation per capita
was $3.50 July 1, 1900; $2S July /,
1901, and $2s.52 October /, 1901. Up
to the last date, from July 1, 1897,
there was an increase of $463, 1870, 45S
in the stock of gold, which was then
estimated at S1,16o,353,7 100, and of
this there was $9Os,71s,436 in circula-
ton in the form of coin or certiti-
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,-
S22,s49 the highest in the history OF
the country and more than was ever
held under single control elsewhere
in the world, except once for few
months.
The shipments of standard silver
dollars from the trasury amounted
for the year to $3s,33s,519, and the
amount outstanding in December was
$76, 1896, but this was reduced near
| ly S1O,oooooo by July, in consequence
of the return of the coins to Washing
ton. The shipments We're $50 per cent.
greater in 1901 than in 1900, and there
was an increase in the first quarter of
1902 over that of 1901. Standard dol
lars We're given for gold in New Or
leans to help move the crops, to the
amount of $2,25o,ooo, and for deposits
in New York, they were shipped to
southern points for $2,515,7OO. The
standard dollars presented at the
treasury in Washington for exchange
were 81 per cent. in excess of such
transactions in the preceding year
The shipments of subsidiary silver
coins were GOA per cent. in excess Of
those of 1900, and the amount in cir
culation advanced $3,4O5,95O. Counter
felt silver coins and paper currency
amounting to $11,5s3 were detected
during the year.