The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1904-10-22
THE TREASURER REPORTS
INTERESTING FIGURES REGARD
ING NATIONS FINANCES.
A Deficit Of $41,770,571 Is Shown
Between the Receipts and
Expenditures.

Washington, Oct 15.-Ellis II. Rob-
erts. treasurer of the United States, has
submitted to Secretary Shaw the annual
report on the transactions OF the treas
ury during the fiscal year ended June ~,
1904
The net ordinary revenues are shown
to have been $540,631 .749, a decrease OF
$19,764,925 as compared with 1903, ana
the net ordinary expenditures $685.. 4O2,-
221. an increase Of $76,303,314. In the
receipts the principal falling on was
23,2O5 OFT in customs, while in the dis
bursements the important increases were
$11, 423.44 in commerce and labor, $780,
7S8,5S0 In treasury proper and $2O,33S,-
OCT for the navy. Unusual expenditures
were $50,000,0 900 on account OF the Pan
anna canal and $4,000. 900 loaned to the
Louisiana Purchase Exposition COM
pany, which latter has now been nearly
all repaid But for these, the recorded
deficiency Of Sal, ITO, 571 would have been
changed to a surplus of $12,829,42S
The operations affecting the public
debt exceeded those of the preceding
year and amounted to $699,660,941 in
receipts and $638,924,379 In disburse-
ments. The aggregate receipts for the
year were therefore $1,240, 292 $50, and
the aggregate disbursements 81 ,221 1885,
FOL. For the first three months OF the
current fiscal year the revenues show
a falling of Of $6,516,373 and the expen-
ditures an increase of $1S,073,5 39.
trn In, nfh q n =
during the year was 1896 and of these 262
deposited less than 100000 each in
bonds to secure circulation and 381 less
than 100000 each.
An addition of $118,793, 148 was made
during the year to the monetary stock Of
the country and another of $31 1923, 500
in the following quarter. OF the total
increase $110,S04,4 69 was in gold. The
aggregate supply on October 1, exclusive
of certificates, was estimated at 1885,
333,734. of which s2,562, 149,4S9 was in
circulation.
Since July 1, 1900. there has been a
growth Of $463,9 1862 in the money in
circulation. or an average of nearly
SIG, 000.000 On October / the circula-
ton reached the maximum of s31.16 for
each person, and the proportion of gold
to the whole was 44.03 per cent.
The national bank notes presented
for redemption during the year
amounted to 1862 ,141 800, or GLE per
cent. of the average outstanding. This
is the highest record for any year of
the 30 during which these notes have
been redeemed by the treasurer
/ An addition of $2,S01 ,644 was made
/ to the subsidiary silver coin in circu-
/ lation, carrying the total up to $685.
! 52S,343. The disbursements of these
/ coins for various purposes amounted
to more than s29, 9OO,0 The redemp-
tons were s40.375,137. as against $4O,-
/ 959,244 in 1903.
Minor coins are not included In the
/ general statements OF circulation; yet
/ a volume of no less than $3S,149,519 is
4 shown to have been coined and not re-
melted. An increase of s1,5S3,715 took
place during the year, of which nearly
( 100000 was in five cent nickel
pieces and the remainder In bronze
cents. The redemptions were $5,587,-
I 4S2.
Worn gold and subsidiary silver
coins, the former of the face value OF
! s1,473,391 and the latter of $2,82S,384
were recoined. The loss was Sill ,347
on the gold and $172,280 on the silver
The good condition of the currency is
shown by the fact that the treasury
| Offices detected only S12,714 In nomi-
! nal value of spurious issues.