The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-03
TREASURY VAULTS
CROAN|NC WITH GOLD.
RecOrd-Breaking Deposit of $780,
5Q6,825 of the Yellow Metal
Now PerpleXcS CuStOdianS.

Washington, Oct. s--The first quarterly
>eriod OF the fiscal year 1903 closed with
highly favorable showing for the treas
ury. Al the close of the first month OF
the quarter there was a deficit or nearly
.Ss, 900 900. This was reduced by the opera
tions OF August to si.bS2.oi6. The state
nent issued for September shows that the
excess OF receipts for the month was ui.-
o25 .5ss, and for the three months ss,oos,9os.
The September business was unusually
large, the customs receipts having reach
ed a total OF SEC. .225, III. an increase OF 81
OoO 900 over the corresponding month of
last year. There was also an increase OF
more than s2,Ooo,Ooo In internal revenue
receipts. compared with those for August,
although compared with September. 1901.
there was a falling off of s2eoO.0oo.
For the month just closed the total re-
ceipts were sis,5s0.3s1. against 3i4, ,434 ,423
for the same month OF last year. The ex-
penditures for the month show an in
crease over those for September. 1901. of
IS, COZ, 600 and aggregated $37. .554, 79S.
AS a result OF the increased receipts for
|September the deficit OF the two previous
months Is wiped out and the available
cash increased by sll,76l.79s. that fund
now standing at $22l.253.Ss4. OF that 1885,
124.7 III is gold. an increase since Aug ii
OF 81. .467,077. The total of the gold fund.
which includes the reserve and trust
funds, is s590. 500, ,S25, an increase OF $l9,-
20i 1872 during the month This Is the larg-
est sum OF gold ever held by the treasury.
and II is perhaps the largest amount OF
gold held In any one place In the world.
The amount Of government paper cur
rency In circulation exceeds that or one
month ago by about 100000. The
changes are shown In the following table:
Gold certificates -. $780,, ,644. .939 1904, ,Ss2 054
Silver certificates 80. AS, 2,357.O23 s5s,57l. AIS
Treasury notes 27,622,7 100 B,74l.Eo
Total ............ .s7s6. .624, 7l2 $3.50. .6o6. .322
The amount OF public funds deposited
with the national banks 10 secure govern
ment deposits Is $l26,l02 .430, an Increase
since the lst of September of over $1,000
/ 0C0. There IL also held by the depository
banks nearly s.. 900 900 to the credit of dis
bursting officers. which Is about the aver
age amount held on that account.
The total receipts for the three months
ended with Sept 80 were $l46. AL, sS5.
against sl4214S,SSs for the corresponding
period OF 1901. Eliminating the receipts
| from miscellaneous sources, WnlCn snow
an increase IN favor OF the current year
| OF nearly 100000, the receipts from the
two revenue sources were $l36l7l.953, an
increase over last year CT st,4T,l70.
The growth of the import trade is shown
F by the fact that the customs receipts are
upward OF s15, 900 600 IN excess OF those
+ for the three months OF 1901 which sum
. Is nearly Offset by the decline In inter-
nal revenue receipts, the falling of from
that source having been slS,974,S27 This
sum Is below the average OF the loss of
revenue which was estimated in congress
when the bill 10 abolish war taxes was
under consideration. The ways and means
committee and other fiscal authorities
placed the probable reduction at $1,000
900. On the basis OF the decline for three
months just closed the loss of revenue In
consequence OF the abolition OF war taxes
will not exceed s65 100000.
The annexed table shows the receipts
from all sources for tne three months
ended 5eptember. 1901 and 1902, respec'
lively:
Customs ............. $6l.sS6.I4s l.2S, 90
Internal revenue -. 12NS.o29 bssS,2U
| Miscellaneous ...., I454,lll lO,3ls.sS
Total ............$ .$li2. .1is,sss s146is .SS'
The expenditures continue TO advance
r. Tho thraa ,nopths fbav Upra Sl3T