The Rich Hill tribune. (Rich Hill, Mo.) 1903-1911, 1903-10-22

Ellis II. RoBerls. treasurer Of II,
Unised States, has submitted d
Secretary shaw bis repor, on Ii,
condition. Jane so, ioos. and ia
operatiop during the past fiscal year.
The total net revenue for he
year was $50, so7,o7s, an increase
Of SsS,9SS, $50 over The year pre-
cceding, and tie total expenditures
$soS,ooo,oo5. an increase Of Sssi-
'7Saos4. The surplus was Ssl,ao7.
6o7, IS compared with SoI,aS7.s7s
in 1904.
IN the receipts there was an in
crease of upward OF 1000. 600
from customs and a falling off OF
over s4i ,ooo,o from internal rsv-
enue, the latter being the result of
Legislation enacted with that OBJ
.jeci.
On the side of the expenditures
there was an increase in every inn
portant account except pensions and
interest. in which there were slight
savings. The expenditures tor the
two military departments. which to-
gether amounted to SIot,ss7,s54,
forming by far the heaviest outlay
for any single purpose, were up
ward of S~aI,ooo. 900 greater than
the year before.
The aggregate income, including
besides the revenues, the receipts
from bonds, notes and coin certrf-
Gates, was s., aII,So4.OoI. and the
aggregate ouigo sr,isa.647,66S.
Atthe close Of the year, the treas
ury held Ss9s,o6S 500 in gold and
silver on deposit against outstanding
certificates and treasury notes, be-
sides the SIso. 600, 900 in gold
which forms the esery against
United States notes.
Treasurer Roberts places the
monetary stock of the country on
June 10, 1903, including gold and
silver, United States notes, treasury
notes, and national bank notes, but
not certificates, at Sass, 40, 63I,
an increase OF Srl4,SSa ,S6s for the
year. The increase in gold was
S6o,I37,4oI and in national bank
notes S56,99S,5 $50.
The total estimated stock of gold
was SII,a52,7SI,9ooi constituting
nearly ~ per cent of the whole.
The gold in the treasury amounted
to S63I,4so,7S9, after a gain OF
s7f,z2o,4So in twelve months.
During the year, SIa6,7Is,7ss in
gold was deposited at the minis and
assay offices. OF the receipts from
customs at the port Of New York,
constituting Z per cent of the whole,
IS per cent were in gold. The
proportion Of gold at other ports is
about 70 per cent. The imports oil
gold were S44,9S3,os7 and tie ex.
ports S47,o9o.s95. The increase
OF the money IN circulation during
the year was SAL 1870 asa, Of which
S59,77646s was in gold and gold
certificates and $S4,Sso, 1874 in ma
tional bank notes. The share Of
money for each person increased So
cents. and the proportion OF gold /,
the whole rose to q per cent, th,
highest ratio ever recorded.
There has been a continual IN.
crease in the proportions OF paper
currency Of the denominations o
$fo and under in circulation, buI
the growth hardly keeps pace will
the demand. The supply can be in.
creased il congress Will authorize
the issue OF gold certificates Tor SIC
and remove the restriction on the Is.
sue Of S. notes by national banks
To meet the constant pressure re.
quires strenuous effort in the pre-
paration Of the currency issue. Th.
national bank notes presented 70
redemption during the year, amount
ed to 500, 5s9,6sb or SIper cen
OF The average outstanding. 9th,
hye-dollar notes the redemption,
were S per cent ci the tens. 40 PEI
cent; Of the lweniies, - per cent
Of the fities. 81 per esli, and OF IA,
hundreds. 70 per cent These iig.
ures show that the tens and tweniie
remain in circulation longest.
The Master OF the State Grang
in Pennsylvania recently ask,r