The Savannah morning news., 1901-11-01
OUR GREAT WEALTH
TREASURER ROBERTS REPORT
SHOWS GREAT GAIN.
THE TREASURY WELL FILLED
THE FIGURES ARE IN MILLIONS
AND EVEN BILLIONS.

Uncle Sans Strong Box Is the BeUt
Filled of Any Nations in the
World-He Has &542, ,S22, $40 In
Gold in His Treasury, More Than
Was Ever There Before or Than
Was Ever Held Anywhere Else for
the Same Length OF Time-GoIc
Certificates Taking the Place of
other Large Paper, and a Great
Increase in Small Notes and Ger
tificates in Consequence.
Washington, Oct. S1.-Ellis H. Rob-
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 or
der, both in variety and magnitude, re-
suited in noteworthy changes in the
paper currency, as we'll as a steady and
healthful growth of gold in the treas
ury and in the general stock.
| The net revenues for the year were
$5S7. .6S5,337, an increase of $40. 444.4 ASS
over those of 1900, which We're 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
$500, 1867, 1853 has been exceeded only four
times-in 1863 1864, 1865 and 1899. The
surplus of S77717, 1884, was slightly un-
der $4,000. 900 less than in 1900. Inclu-
sive of the transactions affecting the
public debt, the aggregate receipts were
S1,146, ,4S9,306, and the aggregate dis
bursements SLOT, 06S, O52.
For the first quarter of 1902,
although the act of March 2, 1901. was
operative. reducing the revenue, the
receipts were only $S,417,96O less than
for the like period of 1901, while the
expenditures for the same months were
reduced by almost exactly $4,000, 900.
How Our Wealth Increased.
The monetary stock of the country
received during the year an increase
of upwards of $Ss,000 900 in gold, $37.-
900 in silver coin, and nearly $16,-
100000 in notes and certificates. The
circulation per capita was $3.50 July
l. 1900; s2s July 1. 1901, and s2s.5 Oct.
l. 1901. Up to the last day, from Iuly
/, 1897, there was an increase of $685.
130,45S in the stock of gold,
which was then estimated at
! 81, ,160,353 79O and for this there was
| $9US, 71S 1876 in circula ton in the form of
coin or certificates. By Oct. 81 the gold
in the treasury, consisting of the re-
serve, the security for certificates and
the sum in the general fund was $5,-
4 2,S49 the highest in the history of the
county, 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 bal
ances between the clearing house and
| sub-treasury are settled almost en-
tirely in the same medium.
To the extent that gold certificates,
which are to be denominations of 500
and upwards, have taken the place of
other large paper, it has been possible
to supply small notes and certificates
much more freely than formerly.
1t is reasonable to believe that $140,-
OoO. 900 of paper will by influences now
at work, be changed from denomina-
tions above $40 to that size or smaller
so that the annoyances which have
heretofore arisen annually from the
overwhelming demand for small notes
may be expected to diminish. On Oct
l. the total amount OF Outstanding pa
per money of the denominations of $40
and under, was 1896, 121,921. The in
crease in these denominations in the
last four fiscal years was upwards of
$166. 100000.
TO Put Out Much New Money.
Arrangements are completed, subject
to generous action by Congress, for
putting out notes and certificates with
the beginning of the calendar year
1902, at the rate of $4,000, 900 pieces
annually. 1t is hoped that thus the
currency will be well seasoned before
it is issued.
The shipments of standard silver dol |
lars from the treasury amounted for
the year to $3s,33S,519. and the amount
outstanding in December was $76,1S2,- |
1885, but this was reduced nearly $10,- |
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 that of 1901. STANDARD |
dollars were given for gold in New |
Orleans to help move the crops, to the |
amount of $2,250.000, and for deposits
in New York they were shipped to |
Southern points for $2.515,7 ZOO. The |
standard dollars presented at the treas
ury in Washington for exchange were
81 per cent. in excess Of such transac-