The Montgomery advertiser., 1903-10-01
NATIONS STRONG BOX
THE INCOME AND ouroo FOR
 FISCAL YEAR.
Total Net Revenue for Year S56o,- 3o6, STA, While Expenditures
 Were $506, ,oeo, ,o07; Surplus Being $54, ,297, ,667.

Washington. Sept. 30.-Ellis H. Rob- erts, treasurer of the United States. has submitted to Secretary Shaw his report on the condition of the treasury. June 30, 1908. and it's operations during the past fiscal year.
 The total net revenue for the year was $560, 674. an increase of $38 1888 439 over the year proceeding and the total expen- ditures 9.0N. The surplus was $54.- 2g7 ,667, as compared with $91, ,2S7 375 in 1902. In the receipts there was an in- crease of upwards of s9o.0Oo.Ooo from cus- toms and falling off of over $A ,000, 900 from internal revenue. the latter being the result of legislation enacted with that object. On the side of the expendi- lures there was Ian increase except pen eions and interest, in which there were slight savings. The expenditures for the two military departments, which togeth- CT amounted to $1sl ,2s7 ,554. forming by far the heaviest outlay for any single purpose. were upward of $2l.000000 great CT than the year before.
 The aggregate income inclyding beside the revenues. the receipts from bonds, notes and coin certificates was a,211- 394. .097, and the aggregate outgo H,122. .64a- 665. At the close of the year the treas ury held $S93 06S, ,S69 in gold and silver on deposit against outstanding certificates and treasury notes beside the s150.00O.-
 
 against United States notes. Treasurer Roberts places the monetary | stock of the country on June 30. 1903. including gold and silver, United States | notes, treasury notes and national bank notes, but not certificates, at $2.6SS, ,149.- 621. an increase of $124, ,s$2, ,963 for the year. The increase in gold was ss0, .4ol and in national bank notes. $56. .99S. .559 ] The total estimated stock of gold was q. .252, ,7s1. .s90; constituting nearly H per cent of the whole. The gold in the treasury amounted to $631, 40. .7S9 a gain of s71.220,4 ,4SO in twelve months. During the year s126. .715. 723 in gold was deposited at the hints and assay offices. Of the l receipts from customs at the port of New York constituting e7 per cent. of 1 the whole, S8 per cent. were in gold. The proportion. of gold at other ports is about | 30 per cent.
 The imports of gold were "A, ,s92, ,07 and the exports $47090.595.
 The increase of the money in circula- tion during the year was $121. .740.752 of which $59.776.462 was in gold and gold certificates. and ?$54520.193 in (nationai bank notes. The share of money for each person increased 80 and the proportion of gold to the whole rose to 42 per cent, the highest ratio ever recorded. There | has been continual increase in the pro- portions of paper currency of the denom- nations of $l0 and under in circulation. but the growth hardly keeps pace with the demand. The supply can be increased | if Congress will authorize the issue of gold certificates for $10 and remove the restriction on the issue of $5 notes by | national banks.
 To meet the constant pressure requires strenuous effort. The national bank notes presented for redemption during the year amounted to slse, ,42s.621, or 51 per cent. t<A kN.- show that the tens and twenties remain | in circulation longest.