Courier Democrat. (Langdon, N.D.) 1891-1920, 1901-11-07
TREASURY WAS NEVER STRONGER
STEADY AND HEALTHFVI. GROWTH
OF GOLD IN THE TREAS
URY.
HIGHEST IN HISTORY OF COUNTRY
REDEMPTION OF NATIONAL BANK
NOTES HEAVIEST IN MANY
YEARS.

Washington, Nov. 1. - Hon. Ellis III.
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 cur
rency, as we'll as a steady and healthful
growth of gold in the treasury and in the
general stock
The net ordinary revenues for the wear
were $5S7 ,6S5, 1897, an increase of $50, A.
4S5 over those of 1900, which were the
next highest recorded. The increase came
from each of the heads of resource, but
chiefly frooh internal revenue. On the
side of the expenditures
The Total of $500, 9G7,353
has beeen exceeded only four times-in
1868, 1864, 1866 and 1899. The surplus
of $77,717,9S4 was slightly under $2,O0O,-
600 less than in 1900. Inclusive of the
transactions affecting the public debt the
aggregate receipts were 81 LAG, 4so,3O6, and
the aggregate disbursements SLOT, OG3,-
G53. For the first quarter of 1901 all
though the act of March ., 1901, was
operative, reducing the revenue, the re-
ceipts were only $3,41796O less than for
the like period Of 1900, while the expen-
ditures for the same months were reduced
exactly $20,O0O,O0O.
Large Per Capita Circulation.
The monetary stock of the country re-
ceived during the year an increase Of
upward of $SS,0OO,O0O in gold, $4,000, 900
in silver coin and nearly $1G,OOO,OOO in
notes and certificates. The circulation
per capita was $26.5O July 1, 1900, S2S July
| i, 1901, and S2S.52 Oct. 1, 1901. Up to
the last date from July i, 1897, there was
an increase of $463, 13O, 45S in the stock
of gold, which was then estimated at
81, 160 ,353, 100, and of this there was $685.,
us, 436 in circulation in the form of coin
| or certificates. by Oct. 81 the gold in the
treasury, consisting of the reserve, the
security for certificates and the sum in
| tho general fund was. $542, 500 ,S40 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 redemption of national bank notes
was the heaviest in twenty-five years,
amounting to $147.4sG,577, an increase Of
$5O, 5O3,97O over 1900 The amount Of
| notes for the circulation assorted and
| returned to the banks Of issue was $751;
66s,715, the largest since 1870. Notes
unfit for use amounting to ST., 432, 232
were delivered to the controller of the
currency for destruction and reissue, and
| SIS, 62G, 437 of the notes of banks whose
circulation is being withdrawn were de-
| livered for retirement,
The monthly statement of the govern
ment receipts and expenditures to be is
sued tomorrow will show that for Octo-
Der, 1901, the total receipts were $49,S31,-
e52 and the expenditures S40,645, S35,
which leaves a surplus for the month of
So 1S6,117. The receipts were nearly
81, OOO,O 900 less than for October, 1000, and
the expenditures nearly S7,3O0,000 less.