Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1902-12-11

WASHINGTON, Dec. 3--The annual re-
port OF Leslie Nj Shaw, secretary Of the
i ssuIy was made public to-day. He
rINs in part: 1t is estimated that upon
the basis of existing laws the revenues
o. tlc government for the fiscal year
J. will be: From customs. s3l5 900. 10000,
ZION, internal revenue, $50 oo0FO.no, from
mis- cllancous sources, $1,000 10000; from
j. ,tal service, sl44,165s6i.00. total estimat-
ed revenues. $40 IS. 66i00.
fnc estimates of appropriations required
for the same period. submitted by tho
several executive departments and offices.
eve as follows: Legislative establishment.
s 81, $1,000; executive establishment, $40
Cii $1,000: judicial establishment, $158. 20. =
ol foreign intercourse. $2l45 4l5.69; mil
itary establishment 81, aS6.5152o; naval
establishment, S14.SS4.5i0.5S; Indian affairs.
S 6>5 ,9O.54; pensions sl39sle,iso.00; public
WORKS. $61,21l $3.50, miscellaneous, So,
i LO15l2; postal service, including 8. 242 =
t.s deficiency in postal revenues, S53. 010.-
5000; permanent annual appropriations,
S,GJNJ6 $1,000; total estimated appropria-
lions, exclusive of sinking fund S511.aj6,-
$3.50, or on estimated surplus of $5l,Sl0,-
$50.
OPERATIONS OF THE TREASURY.
The treasurer of the United States in
li- annual report distinguishes. as the
striking features of the condition Of the
treasury the magnitude Of the available
cash balance and the unprecedented hold
i"rs Of gold. Among the notable events
Of the last fiscal year are tho diminution
t., revenues due to the repeal Of war
t0>'s, the reduction of expenditures, and
.. changes in the composition of the
l..ryr currency. United States notes and
treasury notes were redeemed in gold
e. dc amount If I1.4S2, $50 OF the former
and Sl,2,l5o) of the latter, without any
impairment OF the gold reserve Of $780,,
ooo.uC1.
The increase Of the available cash ba-
lance was SIS 7so,563. bringing the total
ou June 80 to Sol BY October /,
r-, the total increased to sl2l 1874 but
Vas reduced by November l to s206. Al,
no. Inclusive of the gold reserve, the
available balance on June 80 was $3.50, 49,
~. the largest in the history Of the de-
pertinent for while these figures are ex
cooled by the records of 1879, the latter
included in the account the funds held
temporarily against called bonds.
The nrst quarter of the new fiscal year
vs. marked by an increase in customs,
cnsottng the reduction by the new sta
tu,cs in internal revenue. Both the re-
Ccipts and the expenditures were in ex
oesS of the corresponding months in the
year preC eding. on November sur
plus of 1890 i91 was shown for the cur
rent fiscal year.
bonds HELD BY NATIONAL BANKS
In the total amounts Of bonds held for
national banks as security for circulating
notes, the most significant changes were
reduction of nearly $4,000 900 between
October and June, and an increase OF
ltarly &c. 600 between June and Octo-
her. on June 90 all the 2 per cent con-
solS We're on deposit in the treasury with
the exception Of $i2,39I. 80, and by Novem-
her ! all but so5.196 100. The banks with
securities pledged for circulation on June
- numbered 4.5o3. an increase of 3o6 for
the year More than 20 per cent. Of the
banks had deposits of less than 800 900
for circulation. and nearly one-third had
less than $4,000 while 40 had no more
than $4,000 each. Under ruling Of the
secretary, state and city bonds amount
j = to Sl94il.5O0 were received 10 Novem-
her 10 as part security for public deposits
to release United States bonds which were
transferred TO secure circulation.
GOLD CERTIFICATES.
The unparalleled volume of gold certi-
fcatcs outstanding is the result Of the
freedom with which they can be issued
IL consequence of the natural flow of gold
from many sources into the treasury
They are issued against deposits of coin
ana are paid out for sold bullion and the
obligations of the government, on June
- they for the first time exceeded in vol
uiAc the United States notes. The in
80 W 800 80 " - -
a. Il Was loIppMc" ny aIu'her OF Slo'o's'-
total up to $5f3.3l10S9.
ne treasury derives gold from several
sources ounstahuaIly inc whole receipts
/, Jm customs are in gold or the represen-
'"'Ne ceIilHcates Inc total acquired
'"+"uS" 'he cus'oih-nouses during the
ar is placed at over s2l5 ono Deposits
81 b"'d amounting 10 S--'o-l 900 we're made
IH Ne" ] ork l"r the transfer OF curren-
- w. '''ieI P"'H'S' AH'Se ucpoSIiS p"gan
carry anu "er" IarFer than IN any recent
!'ais except l'Vy' ana ior the nrst tlma
~. 'I''HuI| was apie 10 receive sold ana
ppN ,"e Minus anu amounts OF paper
I,.li 'Acg u'siIou' "hlGH We're usually
"''eu states notes ana silver certificates
81 'Hlal DENOMINATIONS, inc goId re-
-" at t"V MINUS 1Ilu essay olilces IS
Pt'u i1' mostly ny cne'hS' for deposits
made by telegraph in New York TO the
amount OF slO,iI3 before November l,
TNCREASr IN pAprR A,oA,ux
DuIlhg the year ended September ~.
I''', thefe was an addition Of s15 95d, S45