New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-09
FISCAL YEAR 1904
Total estimated expenditures
OPERATIONS OF THE TREASURY.


The most noticeable features IN the condition Of
ne Treasury the Secretary says are the increased
available cash balance and the increased holdings
q gold Since 1890 the available cash balance. in
cln6,ag the reserve has more than doubled, rising
from Se&s ST Is 10 $SsS6ss114 q. The cash in the
general fund increased during the year by s391O3-
SEQ g. and the liabilities increased S3651l6 So Thus
the available cash balance at the end Of 1903 ex-
oeede5 that ot 800 BY S264s 53 o. Increased re
ceipts from customs sales OF lands and from mis-
ceils1eous sources nearly equalIed the diminution
II receipts from internal revenue. The increase
Of expenditures for the fiscal year 1893 over those
q 1902 resulted n q reduction Of the surplus rev
enus for the year Of Sc $50 708 q. For the first
quarter 4 the fiscal year 1894 the receipts were
ss7- = greater than the expenditure The trust
I-ls req Tor the redemption Of the notes ana GER
UrcaTes for which they are pledged increased to
S;teess5s an increase for the year OF So $3.50
related 10 the trust funds. caused net decrease Of
tt5- ~ ID The PUBLIC debt and reduced the annual
foreign holdings Of United States bonds are princi-
TnH.=alHs. In lsas the amount was 81 8ss. 20 At
me end u 1893 il vas reduced 10 1886 $50
During the year 1903 national banknOtes 10 the
-f0a an ircreas 51-s Tb Drevious year of so -, =
.1a- The expenses incurred S1I4.4T7 g. which
have been assessed upon the banks at the rate Of
continuous growth In the ratio Of public money Of
denominations Of SO and below 10 the total public
money II circulation but the increase II small bills
hardly keeps pace with the demand The process
= - W. re3cL Us unit ~ ABOUT Two years, and
70 question ~ further PROVISION for small notes
t-at gold certihcates Of the denomination Of SO
b aul1orizea ane that INC restriction on the issue
OF - notes by national banks be removed.
ACCUMULATION OF GOLD
Gold continues to accumulate in the Treasury.
The total holdings Of gold July !. 1888 were
s53 s29Is g. an increase for the year Of 81 90 4sg
On October 1915 the total holdings Of gold IL the
Treasury amounted 30 554Eu.716 Unrestricted use
Of gold coin and certificates IL all branches Of bust
ness and the freedom with which they are paid into
and out OF the Treasury have been marked features
Of the Treasury operations during the last year.
Transfers Of currency by telegraph against deposits
II NeT-York, 10 cover what IS called money 10
move The crops continue. Depositors md il con-
venIent 20 offer gold certificates Tor the exchange
and. as small denomination are almost always
wanted for local use IL the crop moving districts
the Treasury pays out United States notes ot the
denomination Of SO and silver certificates OF g and
below.
United States paper currency issued in The fiscal
year 1873 amounted 10 SOL. 03a Coo and the number
a. pieces was p per cent greater shan in 1902 Re
cemuu-Es amounted $50, 55S. 20 and The number
ot pieces was % per cent greater Ilan in 1902 4
now record was made in the receipt OF all kinds
a. money Cor redemption and exchange during the
year The amount paid for was Ss545 sol an in
crease Of &4lZz5.3l5 over the preceding year. The
Nay 1898. 10 August Is 1893. The standard silver
collars in circulation July ], 1872. We're SIS 787 $40
s-as---i1 The amount distributed At the expense
- l1e EOFcrtlTuetr during the past lscal year
S--s--g4 Subsidiary silver coin amounting 70
s-i---.ff5 was distributed during the year 10 de-
Ils-tgrs therefor. but the amount in circulation
shows an increase for me year Of only s. 0l5 +6s
me rate tOr transIOrtatlC- On shipments OF silver
te 1r eded oefo5es 81 s5s. s national }b aaEs
were organized. Eits Total capital OF 50 533.
TIC net increase FOR Lle year N number OF banks
Vas 90. AID in amount OF capital stock SO So 800
Le E-HlreT OF associations il active operation at
- -1er " he current year 80 0-r.. Win author
.4c capital stock - sl663Cl.s5 AZ result Of the
c.sA-za-lo- ~ new banks sEl the reflnding oper-
s-i1l- % --e Treasury Department. The bonds or
-Tlpk- 10 ze.lre circulation Increased during the
49, ended October ~. 1s.. from SIS 10 &c 10 S3SZ
saA sLu the circulation secured thereby increased
IN Ass431-a9 70 S1o9,v55s-l OF the total money in
eo1lirg July J. 15-1. national bank notes. Sc
80 ~ -c--a and lawful money, constituted lo2
ne Domestic coiuagc Of the minis during The year
1870 -s4 rs e5s pieces. - the value Of Sl4-
- ~ tnls. SIS 7@l.773 W5s gold coin. 81. 49,
'-afd silver dollars s. 0Z5 75l = subsidiary sill
49, - 2a1 s. 4sE 6Sl i minor coin ia number OF
s, ne to.al coinage Was greater than r. any
ear The mint at Denver. VIII De
eI4-stsc and ready Tor the installation Of the ma
-'' n@iures, apparatus. etc, within the com