The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-10-03
SUBMITS HIS REPORT.
Treasurer of the United States Tells
of Cash Conditions.

Washington, Oct. Ellis H Roberts,
treasurer of the United States. has sub
mitted to Secretary Shaw his report on
the condition of the treasury on June 30.
1908, and its operations during the past
fiscal year. The total net revenue for the
year was 1861, 1858. an Increase OF SsS.-
9Ss. 439 over the year preceding. and the
total expenditures 80 .C99 0G7. an increase
Of SIS. IS. 03i The surplus was 54.297 So,
as compared with sol 2S7.375 in 1903. In the
receipts there was an increase OF more
than $4,000, 600 from customs and a fall
ing of OF over si1.Oo0000 from internal
revenue. the latter being the result OF
legislation enacted with that object on
the side of expenditures there was in
crease in every account except pensions
and interest, in which there were slight
savings The expenditures for the two
military departments, which together
amounted TO sl91 237 554. forming by far
the heaviest outlay for any single pur-
pose. were more than 81. 900 greater
than the year before. The aggregate in
come. including besides the revenues, the
receipts firm bonds. notes and coin GER
tifcates. was s. .21l. 3e4. 097. and the aggre-
gate outgo s1,Iz. s4-. 655 At the close Of
the year the treasury held sSs3o66 $50 in
gold and silver on deposit against out
standing certificates and treasury notes
besides the Sl5ooooOo0 in gold which
forms the reserve against United States
notes.
Treasurer Roberts places the monetary
stock of the country on June 80 1903 in
Guiding gold and silver. United States
notes treasury notes and national bank
notes. but not certificates. at sass, rs. e21
an increase Of S124Ss2. $50 for the year.
The increase in gold was So. 1S7,iol. and in
national bank notes 81. sss.559.
The total estimated stock OF gold was
8. -. 81 500. constituting nearly per
cent Of the whole. The gold in the treas
urv amounted TO 1851, l2o.7s9. after gain
Of S71.220 $50 in twelve months During
the year SIPS 7l5.7e3 in gold was deposited
al the uints and assay Offices. OF the re-
CENTS from customs At the port Of New
York. constituting s. per cent Of the
whole. : per cent were In gold The pro-
uortion Of gold at otrer ports is about 50
rer cent. The imports OF gold were S4i.-
s.. o.. and the exports 81, 80 5s5. The
increase OF the money in circulation dur
ing the year was Si2lIioe5e. of which
SO. 80 was In gold ard gold eertifi-
Gates and S5l52o.1s5 in national bank
notes. The share OF money for each per
son increased 50 cents and the proportion
OF gold to the whole rose 70 q per cent,
the highest ratio ever recorded. There
has been an increase IN proportion OF
paper currency IN denominations Of so
and under in circulation but the growth
hardly keeps pace with the demand. The
supply can be increased Il congress viii
authorize the issue Of gold certificates
for go and remove the restriction on the
issue 81 & notes BY national banks. To
meet the constant pressure requires
strenuous effort in the preparation Of the
currency issue.
The national bank notes presented for
redemption during the year amounted &c
s1as 40 81 or Il per cert II the average
outstanding. OF the s. notes the reenp-
tions we're = per cent. - the Sc notes.
Is rer cent: = the so notes. - per cent;
~ he 81 notes q per cent and II the
500 notes = per cent These figures
show chat The tens and ;weHtiss remain
g, circulation longest