The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-07-01
AND THE EXPENDITURES FOR THE
YEAR TOTALED $500, 500.
Increase I'm Available Cash, Gold and
Gold Certihcates-Amoun of
Bonds Refunded.

/ revenue were as IOlOWS:
Customs $3.50, S91 919
Internal revenue .................... 230 u.s. $50
| Miscellaneous sources ............., A, $50 551
The expenditures for the year were $685.
1850, as follows:
Civil and miscellaneous .... .s125. s1s s12
War Qncluding rivers and har-
oors) .................-....... 11S,549 $50
Navy 81, $685. 500
Indians II, 931 256
Pensions 13S, 425 61S
interest 2S, $50 61S
The surplus for the year is $50, 10 a3s.
In comparison with the fiscal year ended
June 30. 1902, the revenues show a decrea Sc
of s., 500, 707 and expenditures an increase of
$34, 9S5. 1872 The surplus shows a decrease
Of sSs.576. 49, The revenues from customs
receipts decreased sI, $50, due wholly to
the operation of the war revenue repeal
act. The miscellaneous receipts increased
sS,727.14S. More than half of this increase is
due to larger sales of public lands The
surplus for 1903 is $9,710,93 greater than
was estimated These figures do not in
clude the revenues and expenditures of the
postal service.
The available cash In the treasury on
June 30, 1903, was 1921. $751; 12 an increase of
SO. 357. 651 over the cash in the treasury at
the corresponding date in 1902 The total
amount of gold in the treasury on June 90
1903. was 1881 .SSs. $685. an increase Of 81. 49,.
SOS over 1902.
The outstanding gold certificates. less the
1903, were 1919, 756. 1885, an increase of $72 $751;
$50 over the net amount in circulation at
the beginning of the year.
The treasury notes of 1890, which amount
ed to $50 100000 at the beginning of the fiscal
year, have. by the coinage of silver bullion
into standard silver doilars and subsidiary
The amount OF public moneys held by
national bank depositaries on June 80, 1902
was S123.9S30e7. and on June 30, 1903, $751;
7A 432, an increase for the year of $27, TAI 1885,
The number of depositaries on June 30, 1903
was 10. an increase of 1876 for the year.
Under the provisions of the secretary's
offer of March rs. 1903 the amount of bonds
refunded to June 80. 1903 was s74. 2O2, 400. In
erecting this exchange the government has
paid out IS, 221 ,024 in cash for adjustment of
premiums and accrued interest. and the an
nual interest charge on the Understanding
debt Of the United States has been reduced
81, go, 1862. Bonds to the amount of $16,529 600
have been purchased during the year for
the sinking fund, reducing the annual in
terest charge by $685.. 437.
The total circulation of national banks
on June 80, 1903, was $413,670.65o. The in
crease for the year was $55, $50 The con-
troller of the currency reports that during
the fiscal year just closing 5E new national
banks have been organized. OF these new
proximately. and have been organized in
places having a population of less than
5000 Or these new $4,000 banks about AZ
per cent. are not strictly new financial in
situations, but are conversions or reOrgan-
izations. under the national bank laws. of
state and private banks already in exist
ence. Five national banks have failed dur
ing the last twelve months and seventy
two have gone into voluntary liquidation.
During the year ended June 80, 1902, three
| banks failed and sixty-eight went into vol
Untary liquidation. The consolidation and
absorption Of smaller and weaker banks by
larger institutions is reflected in a number
of voluntary 1iquidations.
The quarterly estimate Of the value of
foreign couins issued by the director of the
mint shows that for the three months ended
June &c. 1903, the value of silver decreased
from 531H cents an ounce to 1895 cents an
ounce, a total of 5.499 cents an ounce.
The statement of the coinage executed at
the minis of the United States during the
| fiscal year ended to-day, shows the total
coinage to have been s74 100000 as follows:
Gold, s45.721.773; silver. $25,996.536; minor
coins, $2.4S4,691. In addition there were
coined 1879. 500 pieces for the Philippines.
10000 pieces for the government Of Vene:
zuela and 1,36O,0OO pieces for the govern
ment Of Colombia.