The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1902-11-06
SURPLUS SHOWS Strong
REPORT OF THE UNITED STATES
TREASURER MADE PUBLIC.
The Per Capita Circulation Is NO"
s2s. Gold certiti'
Gates Exceeded for the First
Time in History.

Washington, Nov. 4.-lhe ahh""
report of Ellis H.Roberts, treasurer OF
The United States, was made pubic
this afternoon. II shows that the net
ordinary revenues for the year we're
s562, AIS, ,233 and the expenditures
s471. .190,s57, showing a surplus OF S'l''
os7 a7e In comparison with the pre-
vious year there was a decrease oil
s25. 2O7 .1O4 in the revenues, offset Dy
afalling of Of sss,776,4s5 in the ex'
nenditures. While there was an In
crease of SIS, ,S59, ,252.2O in the receipts
from customs, the internal revenues
under the operation of new laws, fell
of s35.sOO.54i.67. On the side Of ex'
penditures the principal changes were
a decrease Of sS2 .24S, ,4s1.12 on account
OF the war department, and an In
crease Of s7,2s6,149 in the cost of the
navy. The total receipts Of the year
from all sources, including the public
debt. were S1,0G2, ,124 037.71. and the
disbursements we're $969,627 041.29.
There was no impairment Of the gold
reserve Of S15O,OOOO00.
The available cash balance in the
treasury July /, 1902, is reported to
have been the largest in our history.
II amounted to 1862 ,1S7,36116. For
Ave months in 1879 the figures on rec
ord are larger. but they include funds
held against call bonds for the ninety
days of notice required by law. The
present balance Is subject to no such
deductions.
with certain deductions there re-
NAMED in the treasury vaults July
little over s12.OOOOOO BY Novembc.
1 II was brought up 20 a trine less
than million dollars below the work
ing fund of S5O.OOO,OOO.
While the accounts of the public
debt on their face show an increase
of $15,2S3,5l2 I'm the total Of the debt,
the report says that If allowance be
made for the increase Of $57,624 400
in gold certificates, the national obli-
cations will be shown to have been di-
mlnished by S42,340,sSS during the fis-
cal year.
The bonds held by the treasurer as
security for the notes of the national
banks were S9,0S0,7OO less at the end
of the year than twelve months before,
hut in the same interval the sureties
for deposits in the banks were SIS $685.
200 greater. so that the increase in
bonds held for both purposes was S9..
S72,50.
The banks with sureties pledges for
circulation on June 80 numbered 1853.
making an addition during the year
of 371. Those with pledges for public
moneys deposited were 577. For more
than so per cent of the banks the de.
posits for circulation are less than
100000, and for nearly one-third of
the banks the bonds fall below $685.
600 in each case. Out Of the 1901
banks with sureties pledged for less
than $4,000, 479 have bonds for no
more than $4,000 each with the treas
urer. This number increased 235 dur
ing the fiscal year. In ive years the
rate OF gold in the country TO total
circulation has run up from $36.52 to
$4645 to the hundred. The growth in
the volume of money in circulation
during the year was $74,0SS.5S9, car,
rylng the per capita from S279S to
$2S.4S. The element OF god coin and
gold certificates advanced from i0-3O
per cent of the total TO 41.73 per cent
After considerable fluctuations in
previous periods, the population in the
last fiscal year advanced IL per cent
and the circulation per capita 1856 per
cent.
On June q the gold certificates out,
standing for the first time exceeded in
volume the United States notes and
were $S47.179,OS9. They stood on June
80 at 1896 ,Os9.
BY October l they were sS63, ,sl1 ,0Ss
and by November l, ss67,07s, ,56s.
The report declares that the de-
mands OF the people for notes of small
denominations have surprised the clos
est students Of the currency. In 1890
there were ss7065.ssO pieces of gov,
ernment paper issued, Of the average
value OF 1851 In 1902 the average
value was 81.
In July, August and September 1sO2
the issues and redemptions were each
over seven million pieces greater than
In the same months of the preceding
year. The average value has fallen
to 1892.
National bank notes amounting tc
Sl7l,S69,25S, equal to as per cent OF
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