Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1903-10-07

.'''. '''Fl'Nf, SDBO, ,SDI,fs.s. I'm
a. "rea>" "f SIS S,oSS,i3o - Expenditures
Greater Than Those or 100: by S35,-
$50" money in the Country, s.
S'ti9.G2l-SG3I.i2o.1s in Gold.
aSlin%tOn. II. Ellis Vt. Roberts
Treasurer ot the United States. has
submitted 20 Secretary Shaw his renort
on the condition Of the Treasury ON
June 30. 1I0@ and Us operations tluriu..
the last fiscal wear.
The total net revenue for tho vcor
was SGl.39G.G1I. IN incrcasc of S3S
'SS.l over the wear preceding ana
the total expenditures were S5OG ono
OoT. an increase of $50. .TS2 OH. Tho
surplus was S14 29i Coz. cono,rod
with $ol.2SI375 in 1902. In thc rc.
CcptS There was aT increase of about
SS'"'V'n'"" from customs. and Il fail
ing on ol more than Si1 900 OOO from,
internal revcnuc. the latter bein~ thn
result ot legislation enacted with that
ppJoct. ON the side of the cXpcndi-
lures there was ar increase i'm oyorv
.lhport'h' account except pensions and
interest. III which there were slight
savings
IN" expenditures for the two mill.
taiy departments. together amouniiu.,
10 Nl?l .2''I.JJi ana forming bv fui ,hn
h'aNleNl outlay FOR any single purpose
were upward of $21 100000 graatcr
ul'li mos" oi the year before The ag-
Er"Satc income. including besides the
revenues the receipts from bonds
notes and coin certificates. was S12lI.
i9i.O91. ana The aggregate out.o vos
Sll22.6!I .tGI. At the close OF tha
year the Treasury held $50. .OGS. .Sco i'm
Golu Hhu SlNcr on deposit against ONT
Standing certificates ANA TrroSury
notes. besides Sl5O0O0.O0O in -oIi
forming the reserve against United
States notes
Treasurer Roberts places the mono
tarE StocI Of the country on June 30
hclidIh% gold ana silver. tnitcd StatcS
nolcS. Treasury notes and National
bank notes. hut lot certificates M 50
pSS. S.l43,G2i. an lcreaSe of S12i $50 g,i3
Tor the year. The increase in gold was
StM l3' .lnl ana in National bank notes
sh"NiS,''Hi The total estimated stock
Of gold was Sl.2J2. 731 500. CONSTITUTING
nearly forty seven per cent. of the
whole. The gold iii the Treasury
amounted To $63l. .120TS9. after n gain
of S1l.220,lS0 in twelve months. Dur
'hS the wear S126.T15.T23 in gold was
deposited at the mintS and ASSAY
offices. or the receipts from customs
AZ the Fort OF New York. constituting
SlXty-Scvcn per cent of the whole
eighty eight per cent. was i'm gold
The proportion OF gold at other portS
IS about eighty per cent. The imports
Or gold were S4i .9S2 .021 and the OK
ports S4I I.090J9J
Inc increase OF the money i'm circuln-
uoh dnrIn" the year was S121. .I40252
Or which SJ9,17G,iG2 was in gold and
gold certificates. and SJ4 52O. 193 i'm Ma
ional bank notes The share of money
Tor each person increased eicbty-ninc
cents. and the proportion of gold 10
nc whole rose ia forty-two PER- cent
the highest ratio ever recorded.
There has been Il continual increase
IN the proportions Of paper currency of
ne denominations OF $40 ana under i'm
circulation. but the growth hardly
keeps pace with the demand The sun
ply can he increased if Congress will
authorize the issue of gold certificates
Tor $40 and remove the restriction on
ne issue OF 80 notes bv National banks
TO meet the constant pressure REQUIRES
strenuous effort in the preparation of
The currency for iSSIc
The National bank notes presented
Tor redemption during the wear
amounted 10 Sl96.429G21 or fif;v-onr
per cent. of the average outstanding
Of the iyo-dollar :oieS tho rnhrmptions
were ffty-tive per cent. OF the tens
forty-SiX per cent. of the twNntics
forty-ninc per cent. of the iifticS sixty
one per cent. and % the hundreds soy
enty-threc per cent. These figures
show that the tens and twentles re-
main in circulation longest.