The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-11-05
FACTS AND FIGURES FROM TREASURER
ROBERTS REPORT.
NEVER IN A BETTER CONDITION
Its Operations for the Year or the First
Order Both as to Variety and Maenf.
tude-Noteworthy Changes I'm Paper
Currency n Healthy Growth of
Stock of GoId-Receipts and Expendi-
tures-Increase In Country's Gold,
Silver and Paper Money
Silver and Paper Money

III. Roberts, treasurer Of the United
States, in his report OF the
OF his office during the last fiscal year.
says that the treasury was
than at the close of that
period. The operations, which were Of
the first order both in variety and mag
nitude, resulted in noteworthy changes
in the pape currency, as we'll as a
steady and healthful growth Of gold
in the treasury and in the general
stock.
The increase came from each of the
heads of resources. but chiefly from in
ternal revenue. On the side of the ex-
penditures, the total of 500, go, 353 has
been exceeded only fou times-in 1863.
1864. 1865 and 1863. The surplus of ST.
I17,9S4 was slightly under 81 900, 600 less
than in 1900. Inclusive of the ~transac-
tons affecting the public debt, the ag-
gregate receipts were s1.146,4 Ss. 3O6. and
the aggregate disbursements SLOT, O63.-
O52.
For the first quarter of 1902. although
the act of March 2, 1901, was operative,
reducing the ven the receipts were
only S3,417. $50 less than for the like
period of 1901 while the expenditures
for the anne months were reduced by
almost exactly $40, 900, 900.
The monetary stock of the country
received during the year an increase of
upwards of sSS, 00O, 900 in gold, s37, 900, 900
in silver coin and nearly SIG. 900, 600 in
notes and certificates. The circulation
per capita was $3.50. July 1, 1900, $500
July 1, 1901, and s2S.52 October 1, 1901.
Up to the last date from July 1, 1897
there was an increase of s463, 100, ASS in
the stock Of gold, which was then es-
timated at 81, 160, 1853, 100, and of this
there was s90S, 1886 in circulation in
the form of coin or certificates. By
October 31st, the gold in the treasury,
consisting Of the reserve. the security
for certificates and the sum in the gen
eral fund. was $542, S22, $40, the highest
in the history of the country, and more
than was ever held under single con-
troll, elsewhere in the world, except for
a few months. The receipts in New
York for customs are nearly all in gold
certificates. and balances between the
clearing house and s~ub-treasury are
, settled almost entirely in the same
medium.
To the extent that gold certificates.
which are of the denominations of $40
and upwards, nave 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 over $40, 900
900 of paper will, by influences now at
work, be changed from denominations
above SO to that size or small
that the which have here
tofore arisen annually from the over
whelmingly demand for mall notes
may be expected to diminish. On Oc-
tober 1st the total amount Of outstand-
ing paper money of the denominations
of $40 and under was $780, 21 ,921. The
increase in these denominations in the
last foul fiscal years was upwards of
s166, 900, 900.
Arrangements are complete, subject
to generous action by congress, for put
ting out notes and certificates with the
beginning of the calendar year 1902, at
the rate of $135, 900, 900 annually. 1t is
hoped that thus the currency will b.
we'll seasoned before it is issued.
The shipments of standard silver dol
lars from the treasury for
the year to $3S,33S, SIC, n the amount
outstanding in December was $16,1S2,-
326, but this was reduced nearly $1O,-
OO0, 900 by July, in 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
tina of 1901. Standard dollars We're
given for gold in New Orleans to help
move the crops, to the amount OF 81
(, $50, 900, and for deposits in New York
they were shipped to southern points
for 81, 515, 700. The standard dollars pre-
sented at the treasury in Washington
for exchange were 81 per cent in excess
of such transactions in the preceding
I vpar