Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1901-11-07
FINANCES Of TH[ NATION.
Treasurer's Report Shows United
States Was Never Stronger
in a Financial Way.
lAReE RECEIPTS OF THE DEPARTMENT.
Surpus Of $77,717,OS4 Left Over All
Disbursements = SuppIy Of Gold
Greater Than In Any Other Country
Monetary Stock lncreases-Small
Note Circulation.

Washington. Nov. 1.-Ellis H. Rob-
erts, treasurer of the United States,
in his report for the last fiscal year
says: y. %%
The treasury was never stronger than at
the close of that period. The operations
of the first order, both in variety and mag
nitude, resulted in noteworthy changes in
the paper currency, as we'll as steady and
healthful growth of gold In the treasury
and in the general stock
Receipts and Disbursements.
The net ordinary revenues were $751; SIS
1857, an Increase of $50, ~. 46 over those OF
1900. the next highest recorded. The In
crease came chiefly from internal revenue.
On the side of the expenditures the total
of S5O9, 967, 1858 has been exceeded only four
times, in 1868, 1864, 1866 and 1899. The sur
plus of s77.717,9 1854 was slightly under $780,
600 less than in 1900 ss.>1.5
Inclusive of the transactions affecting
the public debt the aggregate receipts
were 81, LAG. S06 and the aggregate dis
bursements sl.O77.06S. 052.
The Gold Reserve.
The reserve of $3.50. 900. 900 in gold re-
qured by the financial law of 1900 has
been kept intact by the daily substitution
of gold coin and bullion out of the general
fund for the notes redeemed. These res
demptions amounted to $4, 697, S5S for the
year. After making deductions for items
not available in general payments the
free cash was S156.911. 664, which was distrib-
'uted among the ten offices of the treasury
and the IL offices of the mint, including
,S10l,4' 973 in the national bank repositories.
Country's Monetary Stock.
The monetary stock Of the country re-
ceived during the year an increase OF up
ward of $sS.0Oo.0O0 in gold. $S7, 900 in sill
yer coin and nearly SIG, Oo0, 900 in notes and
certificates. The circulation per capita
was $3.50 July l. 1900; SIS July l. 1901, and
$2S52 October /. 1901 Up to the last date,
from July 1, 1897. there was an increase of
$685. 1901 5S in the stock of gold, which was
then estimated at 1,16O, 353. $50, and of this
there was $685. us, 4s6 in circulation in the
form of coin or certificates. BY October.3
the gold in the treasury. consisting Of the
reserve, the security for certificates and the
sum in the general fund. was $542, S22 $40,
the highest in the history of the country.
Small Note Circulation.
To the extent that gold certificates, which
are of the denominations $40. and upward.
have taken the place of other large paper,
it has been possible to supply small notes
and certificates much more freely than
formerly. It is reasonable to believe that
over $l40, 900 Of paper will by influences
now at work be changed from denomina-
tons above ten dollars to that size or
arisen annually from the overwhelming
demand for small notes may be expected
to diminish On October the total amount
of outstanding paper money of the de-
nominations of ten dollars and under was
$3.50, 12l 1921. p.
The redemptions of national bank notes
were the heaviest in % years, amounting
to STAT 4S6.577 an increase of $50, $685. $40 over
1900. .., -.-.&s,. IT,.
Standard Silver Dollars.
The shipments of standard silver dollars
from the treasury amounted for the year
to $685. ,519 and the amount outstanding
in December was $76 1872, $685. but this was
reduced nearly s10.0O0,0O0 by July in con-
sequence of the return of the coins to
Washington. The shipments were 566
per cent. greater in 1901 than in 1900
The shipments of subsidiary silver coins
were 69 per cent. in excess of those of
1900 and the amount in circulation advanced
s. 4O5 ESQ., 5&a <
Counterfeit silver coins and paper cur
rency amounting to $u.5SS were detected