The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1903-07-09
SHOWS A LARGE SURPLUS
Annual Statement of United States
Treasury Gives Some Inter-
esting Statistics.
SITUATION At CLOSE or FISCAL YEAR.
After Paying All Expenses There Re-
mains $50, O,50O-.The Gold Now
Stored in Government strong Box
Amounts TO 1851 $3.50, SoS--Customs
Receipts Increase.

hec0lDts increase.
Washington, July There was q
surplus of s52,710,590 in the treasury
at the end Of the fiscal year which
closed yesterday, notwithstanding the
repeal of the war taxes. The United
States government now has in It's
vaults more gold than any other ma
ton on earth.
The receipts Of the year were $685.
8s7,528, and the disbursements $780,
176590. Tho amount of gold in the
treasury is s63l, 500 ,S9S, including that
against which gold certificates have
been issued and the s150,000,000 OF
gold reserve fund.
Surplus n Surprise.
The large amount Of the surplus was
unexpected At the beginning Of the
fiscal year II was anticipated that the
reduction Of internal revenue taxes by
the repeating Of the war taxes would
be SIS, 100000, whereas the actual loss
was only 1,7C4 $3.50. Owing to the
enormous importation Of partly manu-
featured goods the customs receipts
were greater than those of last year
by s29,434791
There was an increase OF 1891 ,697
IN taxes paid on whisky. and the re-
celpts from miscellaneous sources
were ss,727,148 greater than last year,
the increase being due to phenomenal
sales of public lands in the west.
Receipts and Expenditures.
The sources Of the receipts were:
Customs, 1881 .719; internal rev.
enue. s230,1l5.256; miscellaneous, s4,.
8s0,551.
Tho .tsms OF expenditure were: Civil
and miscellaneous, 1925 ,01G512; In
crease, 11,548, 9s8 War 0ncludlng
river and harbors), sl18,54O. G3S; in
crease, s6,277 468. Navy. s82 SOC 500;
increase, s14,893,6H Indians, sl2.-
1855; increase, s2881,97i Pen
sions, s13S425 618; decrease, $82 9i2
Interest. s28556,6ls; decrease, $751;
427. Total. $685. 1865 increase, $3I,-
9S5, 1872.
Available cash balance in treasury
at close Of business to-day was $751;
545.0l2, a gain Of s19357, 65l
Work of the MINIS.
During the fiscal year the mints OF
the United States coined 205 ,891 AGO
pieces, of which 19,182,S24 were pesos
and various denominations Of ccntavOs
for the Philippines; 1000 were for
the government Of Venezuela and
100000 for Colombia. The total
value of American coins executed was
E4,203,o00 against 1914 526.67S in the
previous year.
National hanks.
The circulation OF tho national |
banks at the close OF business yestcr- |
day aggregated $413G7O. $50. being an |
Increase Of s5G,99S559 over the pre-
vious year. Five hundred and thirty
seven new banks began business in |
the 10 months just closed, being an
increase OF more than 100 over those |
for the previous year The number |
OF national banks which failed duringl
the year was five, and ~ went into
voluntary liquidation A majority Of |
those which went into liquidation |
were merely consultations with other
banks.
Money In Circulation.
Tho total money In circulation in |
the United States is s2,375 .9i3 ,337, be
ing an increase during the last year
Of s126,532,786 Gold certificates
alone furnished s72 ,a57 $50 of this in
crease, the total amount OF these notes
outstanding being siO9 100 500
The amount OF public money de-
posted with the national banks II
&l5f, 724 .432, being an Increase of $27.-
TAI ,865 during the last II months. The
number OF repositories Increased from |
574 to ITO.
Bonds Refunded.
Under the offer Of the secretary Of |
the treasury, made on March % last |
TO refund s1O0O0OOOO Of short term
three and four per cent, bonds I'm OK |
change for new two per cents, $50 |
7o3.80o Of four per cents Of 1907 and !
ia. 408,G 500 Of three per cents Of 1903 |
had been exchanged up 10 yesterday, |
when the offer was Withdrawn
Her Inst slide.
Fort Dodge Ia july G--Clara Toy NJ /