The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-12-08

mum balance. and OF s37.03s 7l.Gl as com
pared with that Of twelve months be-
fore.
The trust funds arc Ss5.U15,70 grea ter
ri the beginning of the fiscal year 1906
than twelve months earlier, by reason
OF an Increase OF $S5,5l0700 in gold GER
stihcatcs. s5,77oUo) IN silver ccrtificat ties.
and decrease OF s6,eG1,0 90 In Urea sury
notes.
transactions IN the interest bea ring y
In the principal of sl9.32 $40 and n DE-
crease IN the annual interest charge Of
Si.36i, $3.50.
~ The national bank notes presented Tor
redemption during the year amounted 10
$3.50, l41,a3o. or 61.l2 per cent OF the aver
age amount OF the notes outstanding
Compared with 1868. this sum Is sGl ll2.-
go, or 3s45 per cent. larger and 1t is
the maximum presented in any year =, N
tho history Of such redemptions The
total expenses were s2l9 Gs3l:s which SUN m
was assessed upon he several banks n
at the rate OF s0.s716 for each 1900. This
rate OF expense IS 5.5iG cents less than
the lowest rate heretofore received. me
national bank notes presented for re-
fiscal year 1905 were s7o,o475s6, an In
crease Of $ll.Gf,579. or 1879 per cent,
over the corresponding period Of 1904.
Supply Of Money.
The total stock Of money in the coun,
5try at the close OF the fiscal year 1901
was 81 $40. Sol 1875, an increase Of slls.1sa..
slls over the preceding year. The share
OF gold, which july, |, 1900. was i.44.2l per
cent. became 4725 on the same date IN
gold has settled into the Treasury. vault 81
Between July / & 1900. and July !. 1901. the
Treasury has gained In gold S.zts,25Q si9.92.
the total holding Of gold on the latter
date amounting to s6sl SIS s2l:6o VIII q
further Increase to 3721, 253,es7.S on Oc-
stcbcr 81. 35s. s'5 ]. ]. +, y,
80 9i in foreign gold coin and bullion ana
s:9.15s.g7o.3l in domestic bullion was Dc
INC the year and paid for by the local
EoffIce or by photographic exchange on New
York. Is. 80,
The money in circula ton July !. 1901 ~!
amounted 10 2.5lsl49: SEQ per cap1t T.
gold was ALL. =,
a notable fact is that. With an addi-
ton OF Ii per- cent TO the populat ton IN
the year the increase In the circulation
per capita has been SO per cent
By October /. 1901. there was further
increase in. circulation of s43,oose2a. and
the circulation per capita reached the
maximum at s3l16. while the share OF
gold became 40, per cent.
The amount OF public money OF the
denomination OF s:u and under IN paper
was Increased during the year yea end mo "a
September 80. 1901 BY Sal :395.2l3, or - ~ Z
and over, the growth was sos SS33S, 90, or u
2ao1 per cent, owing to an unusua ~
large issue of gold certificates me DC
,nnnd for small bills has been unceaslng.
M in other years. The appeal Is not
confined to any particular district. II
comes from the cotton and sugar re- e.
gions as We'll as from the States which
sv,,,,e rhe Department. has employed
all its resources to respond to TINS de-
mand; but the supply Of small notes IS.
.nsuflulen..7
10 assist In the movement OF ne crops.
transfers OF funds are effected through
tho medium Of the general fund. and tor
dcposits Of large gold certificates ". New
York PAYMENTS are made at other Treas
ury offices or silver dollars. silver. GER
tihcatcs. and United states slo holes
Paper Currency.
.rho tinted States paper currency Is
sued during the year amounted TO $eSo,,
O9f. 900 m increase Of IS per cent" WIN
n growth OF SD per. cent, IN the num rnc.
OF pieces. The redemptions were s'oI'-
5000 an ,ncre nsmbe OF Of pieces ec the tie
growth was 21.5 per cent. ,o,o
Tho experience OF the fiscal year l35
shows the average cost for each piece Q,
limited states paper currency lesueu n!lu
redeemed to be less than 9 ccnts-eN;ctl4.
}1.7O,5 cents. ~, a,a
Moneys received IN the redemption ana
exchange account during the year
nmo,Imtod "a 81 ,0l4,l5S. o62, an excess over
tho preceding twelve months Of sl4s,R4,-
"a, ~ ia Der cent. The payments III
gold col in both forms were sl64 .aos7os more
thnn the receipts ~ such money!,
The silver coin distributed at me ne, On
nense OF tho government for transpoT-
i tatIon during the year amounted to $e5 y,
Ak. MA Of which s4l,O3a1l5 was in STANDARD
silver dollars and $e4,3s2,9 Is In subsidiary
coin. The ratio for transportation was WIS
Esl93 per $1,000. 81