The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-10-15
Expenditures Show
an Increase $76,3O3,3I4.
Of u. s. Treasurer Ellis
III. Roberts.
TEN FIGURES NEEDED
To Express Tre2sury's Business
for the Last Year.
The Per Capita Circulation Has
Reached S3I.16.

Washington, Oct. 15-Ellis H. Roberts,
treasurer of the United States, has sub
mitted to Secretary Shaw the annual
report on the transaction of the treas
ury during the fiscal year ending June
80, 1904 The net ordinary revenues
are shown to have been $40, 631, 74S, a
decrease of s19. 764. 1925. as compared with
1903. and the net ordinary expenditures
$5S2, 402. 321, an increase Of SIC, 303, 314. In
the receipts the principal falling off was
S23.205,017 in customs, while in the dis
bursements the important increases
were $11. 423, 440 in commerce and labor,
$50, 7Ss, $50 in treasury proper and $780,
AS, 067 for the navy. Unusual expendi-
lures were $50, 00o, 600, owing to the Pan
anna canal and 81, COG, 900 loaned to the
Louisiana Purchase Exposition COM
pany, which latter has now been nearly
all repaid. But for these the recorded
deficiency of s41. 770,571 would have been
changed to surplus OF $12, SIS, 428.
The operations affecting the public
debt exceeded those of the preceding
year and amounted to $6s9, $50 Sal in re-
ceiptS and $685., 924.5T9 in disbursements.
The aggregate receipts for the year
were therefore s., 24o. 292, $50 and the ag-
gregate disbursements 81, 221, 326, 701.
For the first three months of the cur
falling off of IS. 516,373 and the expendi-
lures an increase of SIS, 073, $50.
The trust funds held for the redemp-
ton of outstanding notes and certiTi-
Gates amounted at the end of the year
to $97S, 0S4, 56e, an Increase of $S5. OILS. 700
in twelve months. BY October 1 there
was further increase to LOLA, us, 969.
The redemption of United States notes
amounted to SILL o61. o6S for the year and
those of notes to $474, 126.
In consequence Of the deficiency in
the revenues the cash in the offices of
the treasury and mint declined during
the year from s17o. 020. 562 to $137. $50, 204
and by October l to <125, 1854, SSS. The
available balance including deposits in
national banks and other credits, was
$23S, $50, ia on June 30, 1903, and $151, Ala
162 on October 1. 1904.
An addition of Sis, 79S, 14s was made
during the year to the monetary stock
of the country and another of S31. S29. $50
in the following quarter. OF the total
increase s110. S04. 46s was in gold. The
aggregate supply on October l, exclus-
i've of certificates. was estimated at
s., S35, 1873, 734, of which 50, 562, las, 4S9 was
in circulation The proportion of gold
was 41.66 per cent as against ABB July
l, 1900 The gain OF gold to the treas
ury in the same period was SIS, 033, 233.
Deposits OF gold bullion were received
at the mints and assay office during
the year to amount of $175,5s3, 565-
The actual gold coin in circulation on
October l is placed at S641, s44. S63 in
coin and S4se. .13s in certificates.
Since July 1. 1890 there has been a
growth of s4s3,ss1,s62 in the money in
circulation or an average of nearly
S116 000, 00o- On October I the circula-
ton reached the maximum of $31.16 for
each person. and the proportion Of gold
to the whole was S44-03 per cent.
In the current fiscal year the demand
for small bills in spite of all previous
additions has been unceasing. Exper-
fence has made it clear that the stock
of small notes is hardly sufficient The
department has employed all its re-
sources but these are limited, for the
issue of silver certificates can not ex-
coed the silver dollars available and
the Z. S. notes have a volume fixed by
law The report says:
This condition of things might be
remedied by congress without initiating
the currency. First, the issue of gold
certificates of the denomination of IS
and $40 might be authorized; secondly,
such certificates to the amount of
100000 might be substituted at
once for United States notes by the ap-
plication of that sum from reserve
the national banks might be
in five dollar notes by the
of the provision allowing only
one-third of the total issue of each in
stftutiou in that denomination"
Gold, of which S31.990.261 was in
japanese yen, $40, SOO,579 in other for
eign coins and ss.005.e02 in ore, max
ing altogether $51,796,743, was de-
posted in the last fiscal year in San
Francisco for telegraph1c exchange
The movement of silver dollars from
the treasury was li.tle over Sal, 00O,-I
900 and the shipment for the currency
snow an increase over last year Sill
yer dollars to amount of 46.o98, 81
were presented during the year at the
treasury Offices for exchange into other
money
An addition of S2,S01,6 was made
to the subsidiary silver coin in circula-
ton, carrying the total up to $685.
52S,343