Arizona republican., 1902-12-04

Washington, Dec. S.-The annual re- port of the secretary of the treasury. made public today. is a very inter- esting document. Secretary Shaw shows that the revenues of the govern ment from all sources for the last fiscal year were S6S4, ,326. .2S0.47 The expendi- lures for the same period were S593, ,03S- 90490, leaving a surplus of s91.2S1. .315.51. The revenues came chiefly from two sources. the internal revenue ($271 SSG. 122.IO) and the customs ($254, 444- 70S.l0, the next largest items being $121. .S4S.O47.26 from the postal service. and S1O.979, 506.57 from profits on coin age. bullion deposits. etc. The sales of public land (which went into the arid
 land reclamation fmO yielded S4,144.- 122TS.
 Compared with the fiscal year 1901. ! the receipts for 1902 decreased S14,99O.- 25045. There Was a decrease of $3S.- ! ZIG. .495.51 in expenditures
 i OPERATIONS OF THE TREASURY. ] The secretary notes that the treasurer
 of the United States in his annual re- 1 port distinguishes. as the striking fea-
 lures of the condition of the treasury,
 the magnitude of the available cash i balance and the unprecedented hold [ ings of gold. Among the notable 1 events Of the last fiscal year are the
 Giminution of revenues due to the re-
 peal of war taxes. the reduction of ex- !. penditures, and the changes in the composition of the paper currency. United States notes and treasury notes
 were redeemed in gold to the amount | of S17.4S2,590 Of the former and S1,254,-
 590 of the latter. without any impair mcnt of the gold reserve of $50, ,O0O. GOO. The increase of the available cash
 balance was S33, .563. bringing the ! total on June % to S212. .1S7. .S61. By Oc- ! tober l, 1902, the total increased to
 $221, 253. 394, but was reduced by Novem-
 Der 1 to S206 421 .S7S.30. Inclusive of the ; gold reserve, the available balance on
 June 30 was SS62, ,1S7. .361 the largest in i the history of the department, for while ! these figures are exceeded by the rec i ords of 1879, the latter included in the l account the funds held temporarily ] against called bonds. After allowing | for subsidiary silver. silver bullion. and
 minor coin not available for large pay ments. there remained in the treasury ] vaults November 1 a fund of over S56,- 100000, which is slightly in excess ur
 what is deemed a fair working balance | Nearly half of the net available cash l balance, over and above the reserve Of ] Sl5G0C0,0O0, was in gold and gold cer- 1 tificates, which amounted to SIO3. .SO1. .29O.
 and increased by November 1 to $113.- ! 5i2,933. sum far exceeding the out l standing liabilities.
 The first quarter of the new fiscal
 year was marked by an increase in
 customs, offsetting the reduction ny
 the new statutes in internal revenue. | Both the receipts and the expenditures
 were in excess of the correspondine-
 months in the year preceding On No vember 1 a surplus of S13.296. .491 was
 shown for the current fiscal year.
 ! In the total amounts of bonds for national banks as security for clrcu- lating notes. the most significant
 changes were a reduction of nearly S14,000,GOO between October ana June.
 and an increase of nearly s9,OOU. 900 be tween June and October. On June 30 all of the per cent consols were on deposit in the treasury with the ex-
 ception of $42, 994 .250 and by November
 1 all but sS5, 196, 700. The banks with securities pledged for circulation on
 June 90 numbered 4,553, an increase Of
 36G for the year. More than 50 per cen.
 of the banks had deposits of less than $iOO,0CO for circulation, and nearly
 one third he'd less than s25. GOO. while
 z79 had no more than S1O,OO0 each.
 Under a ruling of the secretary. state
 and city bonds amounting to s19.474.- 500 were received to November 10 as
 part security for public deposits to re-
 lease United States bonds which were