The Cooperstown courier. (Cooperstown, Griggs Co., N.D.) 1902-1913, 1904-10-20
|PAID OUT MORE
THAN RECEIVED
tDEF1clg FsAl;sso, ST. BETWEEN
RECEIPTS AND ExPEhD1-
TUREs OF THE TREASURY
-----=--'---
Purchase Of Panama Canal and Loan
to Louisiana Exposition Account
for It-Treasurer Roberts Makes
a. aE e Egsg
= f4hinstUs, =. k:-nllis H. R4o-
p Feasurf z shepnited States, 9a rs
akm fted to efsa1 Shaw " the 1,a ANIMAL 1na9al
JryAiuring taS B6l Fear ended June 30.
1904.
|zx4heRsesrdiz reveRes7are 1hofn
1hI::d , ;aaC;(;b e. s. s:
44iptt be bF1ksfel iliagH 1 IT,

at$3RO5O14 i1ac&s6emk, W1H6in tie dis
bursements the important increases were
9ff,41s.44 n -cons1 essd aisasefs $q,-
Rse5So in treasury proper and 80. sd.-
were $5oe {nsa@cd9nt pf thy Pan
anna canal and 81, 100000 loaned to the
Louisiana Purchase Exposition COM
pany, which latter has now been nearly
ALT repaid:f ssBut for these the recorded
deficiency of Sal, TIC, ST. would h1Ne been
changed to surplus Of $12,829;428.
The Public Debt.
The operations affecting the public
debt exceeded those of the preceding
year and amounted to $685., 660.941 in
receipts and $638,924,379 in disburse-
ments. The aggregate receipts for the
year were therefore 81 ,240, 292,69O. and
the aggregate disbursements q, 2a. 1885,
7O1. For the first three months OF the
current fiscal year the revenues show
falling of of $6,516, 1913 and the expen-
ditures an increase Of $18,073,5S9.
In consequence Of the deficiency in
the revenues, the cash in the Offices of
the treasury and mint declined during
the year from $170,020,562 to $137 $780,
204, and by October to t125,964 1888.
+ Increase in Banks.
The increase in the number Of banks
during the year was 1876 and Of these 262
deposited less than 100000 each in
bonds, to secure circulation and 3S1 less
than $500 900 each. On June 80 single
band had on deposit $10.000,000 in bonds
to secure circulation, while 1920 had
less than $4,000. sa44
.aI Supply Of Money.
An addition of $11S, 7a3,14s was made
during the year to the monetary stock OF
the country and another Of $31 ,S29699
in the following quarter. OF the total
increase $110,s04, 469 was in gold. The
aggregate supply on October 1, exclusive
of certificates, was estimated at 1885,
333, 734, of which 81, 562, 149.4S9 was in
circulation. The actual gold coin in
circulation on October is placed at
s641, S44, 1863 in coin and $486,512, 139 In
certificates. }ttz III az EST !
Circulation Of $31.1e Per Capita.
Since July /, 1900, there has been a
growth Of $463,991 1862 in the money in
circulation, or an average Of nearly
$116,0 900. On October the circtla-
ton reached the maximum Of $s1. 1eIfor
each person, and the proportion Of gold
to the whole was 4403 per cent.
r Bank Notes Redeemed.
kn6
for redemption during the year
amounted to $262,141, $50, or CLIP per
cent. 81 the average outstanding. This
IS the. highest record for any year. Of
the 80 during which these, notes have
been redeemed by the treasurer.
r An addition of s$2,801 ,644 was m de
to the subsidiary silver. coin in ci1cu-
lation, carrying the total up to $685.
528,343. ISL ta5f:<: tE.{5SS4 - j{3i 2tic
Minor ns-are- net -iicladedd-in the
general statements of circulation; yet
a. volume nfF no less than $3S,149,519 is
shown to have been coined and notIre-
melted. An increase of $1,583, us took
place during the year, Of which nearly
100000 was in i've cent nickel
pieces and the remainder in bronze
cents. The redemptions were S5,5 b.
1872. .e<..sI,...-... ..,.a sir5rr,gf,<
Worn gold and subsidiary silver
coins, the former of the face value of
$1,473,3s1 and the latter Of &2,s2s.S 1874,
were recoined. The loss was; 81 s47
on the gold and :$l72,2So on the silver.
The good condition Of the currency is
shown BY. the fast that the treasury
tofnees detected only S12'714 in Inoani-
nal value of spurious issues