The evening times., 1901-10-14
WEALTH OF THE TREASURY
1t Is Greater Than Ever Before in
American History.
The Exact Total Reaches the En0r-
nous sum of :sI.I9O.2;.5, PA. Divid-
ed Among the Great Government
Vaults Throughout the Country

nous sum of $i.I9O. 2.s5, ,22f. Divid-
ed Among the Grent Government
Vaults Throughout the Country
The United States Treasury today holds
Sl.l93 225.224 This is an aggregate Of
wealth never before equal,d in the his
tory Of this o. any other country. OF the
sum named S-SG. .gS9 is held as a trust
fund for the redemption Of outstanding
notes and certificates; the gold coin and
bullion amounting to S15o0,o0O0 constI-
tutcs the regular reserve fund; there is
gold coin AID bullion In the general fund
10 the amount Of $73S9y.216. or a total Of
Sli55f9.0GS. representing all sorts Of avail
able notes and coin. and SIl01F,T2 in na-
tional bank repositories.
Included in this great governmental
wealth are 1884, 0oO I'm gold and S493 000-
oo3 in silver. n part Of each being bullion
and the remainder coin. The subsidiary
silver coin held by the Treasury amounts
TO SN,IN5,SI5- Fractional currency and mi
nor coin aggregates more than $fS2 0g1.
But a comparatively small part Of this
colossal fortune is contain Cd in the Treas
ury Department vaults here For busi-
ness and accounting purposes the Treas
ury is held to consist Of the Department
in Washington, the nine suh-trcasuries in
tha large cities. the mints and assay Of
fees, and the national banks designated
as repositories.
New York is the great financial centre,
and large proportion Of the Govern
meuts wealth is held there. warrants be
ing issued from the Treasury here for its
disposition The material bulk Of all the
Governments resources is contained I'm
N.. HH| Err.
and Philadelphia. The bullion is nearly
all in the mints and assay Offices
As a matter Of fact there IS not today
more than 100000 of gold, either coin
or bullion, in the Treasury Department
here. The chief item Of money here IS
something like l5OO00,o00 silver dollars.
The remainder Of the silver Is in the
sUn-treasUries and mints
The $l50G05,0O0 in silver here in the de-
partment weighs SSS7.500 pounds. The
coin is tied up in bags and corded like
wood IN the big steel vaults.
Under the Governments system Of rec
oGnizing all the sub-treasuries, assay
Offices. etc. as parts OF the Treasury it
self no clumsy problems Of transporta-
uon arise. Now. a warrant is given a man
or firm 10 whom the Government desires
20 pay money drawn on the nearest sub
treasury He receives his money from
the funds on deposit at that point
1t would require a train Of fourteen
big freight cars to carry the S534 900. 600 in
gold which the Government now has
available. The gold owned by the United
states represents in weight more than
10000 pounds.
1t IS computed by Treasury officials
that at the end Of this fiscal year. June
80 next the Government viii have EgnJG
90 left clear after paying ali running
debts Win this prospective surplus in
Slght the next Congress may have a little
leCWay Tor larger appropriations. but the
River and HarbOT bin, which failed at
the last session, viii be enacted this win
ter and Will carry at least $50 COO 0gl
enough practically TO wipe 1It the sur
plus
All the financial and tariff experts in
both branches Of Congress are already
busy seeking to evolve a scheme by
which the enormous sums o. money lock-
cd Up by the Government can be put into
circulation At the same time IL Is hoDed
to reduce taxation 50 that all the peo-
pie may be benefited by lower rates
II Is now held by Treasury Department
officials that nothing further can be done
70 relieve financi.i strinlgercy by putting
accumulated funds into Circulatio
Some relief might be had through in
CTeaslnE the number Of national banks
designated as Government repositories
but il IS not intended 10 make any ad-
ditiOns at this time
Representative Fowler Of New Jersey
is said 10 have a plan TO retire some or
the outstanding greenbacks and thus
bring more money into circulation. Sen
atOr CullOm suggests the reduction of di-
rect taxation, thus stopping the accu-
mutation Of an enormous surplus Every
prominent Senator and Representative
has some pet scheme for reducing the
surplus and lessening taxation