The Providence news. (Providence [R.I.]) 1891-1906, 1902-11-05
YEARS RECEIPTS !
S1,062,124,037.
Treasurer Roberts Presents An
nuaI RepoTton County'sFInances
CASH BALANCE 1852, 1875
Gold Coin and Bullion 0ci. ! Exceeded All
Other Kinds ut Money, With ths Single
Exception sl Bank Notes
CASH BALANCE 1852, ,187,361

Washington. Nov 5.-Ellis III. Roberts
treasurer OF the United States. in opening
his annual report. says that the magni-
tude of the available cash balance and
the unprecedented holdings OF gross gold
are the striking features OF the condition
OF the treasury at the close Of the fiscal
year 1902.
The net ordinary revenues for the year
were s5s2. .47s.233 and the expenditures
s471. .lso.ss7 showing a surplus OF ssl,2S7,-
In comparison with the previous year
there was a decrease OF $2b,207 .lO4 In the
revenues. offset by a falling off OF $780,
776. 4s5 In the expenditures. The total re-
ceipts OF the year from all sources In
O57. and the disbursements 1858 s27.o4i
Toe available cash balance In the treas
ury July /. 1902. was the largest net bal
ls7, ,36l The gold reserve is counted In. 'as
II is available for the redemption OF legal
tender notes. The sums In national banks
TO the credit OF the treasurer and dis
bursing officers were $lZI,l%OS6.
MINOR COIN.
The subsidy silver. 81, ,462. .5s3 and the
minor coin. 1913, ,4o4. could hardly be used
for large payments. nor Is the silver
bullion TO be reckoned for such purpose :,
With such deductions there remained
In the treasury vaults July a little over
s72. .O00. .0O0 As fifty million dollars Is
deemed a fair working fund. about sS2,
100000 could be spared. BY oct; l this ex-
cess became SIS 0o0,0O and tustihed meas
ures TO reduce It,
BY Nov. ! Il was brought to a trifie over
q million dollars below the working fund
Nearly one-half OF the available cash
balance July was In gold coin and GER
tificates. s103. .S01, 900 over and above the
gold reserve OF $3.50, 900. and by Oct !
II became 1886. .124, III. AS a measure OF the
financial strength of the government the
report says the fact deserves mention.
BY Oct. /. 1909. the available cash bal
ance. exclusive OF the reserve. was s22l,-
253. 3s4: and owing TO the large measures
for the relief of the money market II was
reduced by Nov. l TO s2o6 .42l ,Ss
on their face show an increase of SIS, ,2sS,-
5l2. in the total of the debt. II allowance
be made for the increase OF sol 900 In
gold certificates, the national obngauons
will be shown 10 have been diminished
by s42. .sss during the fiscal year,
TO the genera stock Of $50 mHseS @ IN was vas
made during the fiscal year.
GOLD BULLION
The gold coin and bullion Oct. ex-
ing national bank notes. by 500, Ses, ABB. In
five years the ratio of gold In the coun-
try TO total circulation has run up from
36 50 to 4645 to the hundred
The growth in the volume In -circula-
ton during the year was N4,OSZ,5ss car
rying the per capita from 27.9s to 2S.43.
ume o. gold including certificates. within
l2 years by the large sum OF $433. 703, ,ol6 Is
the measure OF the greater strength of
past fiscal year was 6l.9S6.lTi.
The increase in the future can hardly
be less than s50.000,Oo0 to seO.W0Ooo year.
The mines the report says, are thus con-
frming the gold standard sturdily and
invincibly. and II adds:
For the immediate present and doubt
less for a few years at least the Inflow or
gold will be In such large measure as TO
lift the volume OF currency to the high
est level OF all needs OF business. our
currency keeps more than equal pace
with the population.
the fiscal year OF 36s banks. 437 charters
having been granted and SO surrendered.
The total number OF banks chartered TO
June 30. 1902. was 6325. Of which 454e were
In opera ton and l779 out of existence.
They're great What? Why The Dots
which will be in The News before long.
Watch for them.