Omaha daily bee., 1904-10-15
OPERATIONS OF TREASURY
Annual Report Shows an Apparent Deficit
Of Nearly Forty Two Millions.
DUE TO EXTRAORDINARY EXPENDITURES
But for Panama Canal Payments and
st. Louis Fair LoHn There would
Have Been Twelve Mill
lions surplus.

WASHINGTON. Oct 14.-Ellis II. Rob-
erts, treasurer of the United States, has
submitted to Secretary Shaw the annual
report Of the transactions Of the treasury
during the fiscal year ended June 81, 1871.
The net ordinary revenues are shown to
have been $40, ,631, ,749, a decrease of S19,-
764,S25 as compared with 1893, and the net
ordinary expenditures S5S2, 4O2,321 an in
crease of $76,3O33li. In the receipts the
principal falling off was S23, -O5,0l5 in GUS
toms. while I'm the disbursements, the i'm
portant increases were $l1 40 in COM
merce and labor, $50, 7SS $50 in treasury
proper and $40, 33S O67 for the navy. I'm
usual expenditures were $5OOOO,OOO on ac-
count of the Panama canal and S,6OO,0Oo
loaned to the Louisiana Purchase Expo
sition company, which latter has now been
nearly all repaid. But for these the re-
corded deficiency of sn,77O.51 would have
been changed to a surplus of $2S29,42S.
Public Debt Disbursements.
The operations affecting the public debt
exceeded those of the preceding year and
amounted to $699, 941 in receipts and
$63S 92l.319 in disbursements. The aggre.
gate receipts for the year were therefore
1920, 292 $50, and the aggregate disburse-
ments $1,221, 1876 7Ol. For the first three
months of the current fiscal year the rev.
enues show a falling off of $65l6,373 and
the expenditures an increase of S13075,53
In consequence of the deficiency in the
revenues, the cash in the offices of the
treasury and mint declined during the
year from $500 562 to $1S7 500, 2Ci, and by
October l to $125 964, ,sSs. The availlble bal
ance including deposits in national banks
and other credits was $23S, ,6SS,l14 on June
&c. 1903 and $151, ala, l62 on October l, 1894.
Money in Circulation.
An addition of $11S, 14S was made dur
ing the year to the monetary stock of the
country and another of $31 S29599 in the
following quarter. OF the total increase
Sic, ,SO4, 1863 was in gold The aggregate sup.
ply on October l, exclusive of certificates,
was estimated at 81, ,S35, 1884, 734, of which
s., ,562, ,149 4S9 was in circulation. The pro-
portion of gold was 47.66 FER cent, as
against A21 per cent July l, 1900. The
gain of gold to the treasury in the same
period was $2S, ,O33. .23S. Deposits of gold
bullion were received at the mints and
assay offices during the year to the amount
of $50, 593, ,565
The actual gold coin in circulation on
October l is placed at $641 1868 In coin
and 199 in certificates.
Since July /, 1900, there has been a growth
of $463, 1891, ,s62 in the money in circu alton,
or an average OF nearly $1l6,OOO00O. On
October / the circulation reached the max
imum of $3ll6 for each person, and the
proportion of gold to the whole was 44OS
per cent.
More Small Notes Needed.
In the current fiscal year the demand
for small bills, In spite OF all previous ad-
ditions, has been unceasing Experience
has made 1t clear that the stock of small
notes is hardly sufficient The department
has employed all its resources, but these
are limited, for the issue of silver GER
tifcates cannot exceed the silver dollars
available and the United States notes have
a volume fixed by law.
The movement of silver dollars from the
treasury was little over Al,OOO,NO ana
the shipments for the current year show
an increase over last Silver dollars to
the amount of $46,O9S,314 were presented
during the year at the treasury offices for
exchange into other money.
An addition of $2,SO1,644 was made to the
subsidiary silver coin in circulation, carry
ing the total up to SiS.