The Oskaloosa herald., 1904-10-20
STORY DEALS IN
LARGE FIGURES
TRANSACTIONS OF THE TREAS-
URY DEPARTMENT.
EXTRACTS FROM REPORT
Decrease in Revenues and Increase
in Expenditures Show
Deficit of over SAL
100000.

| Washington, Oct. 15.--Ellis III. 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 30,
1904.
/ The net ordinary revenues are shown
to have been s540,631 ,749, decrease OF
$19,764,925 as compared with 1903. and
the net ordinary expenditures $685., 402,-
321, an increase of s776,S03,314. In the
receipts the principal falling off was
| 1905, OFT In customs, while in the dis
bursements the important increases were
$11.423.44 in commerce and labor, $780,
7SS.5S0 In treasury proper and $20,33S,-
067 for the navy. Unusual expenditures
were s5o00O,o0O on account of the Pan
ANA canal and s4,600,000 loaned to the
Louisiana Purchase Exposition COM
| pany, which latter has now been nearly
| all repaid. But for these, the recorded
deficiency of SAL. 77O,57 would have been
changed to a surplus of $12,S29, 42S.
The Public Debt.
The operations affecting the public
debt exceeded those of the preceding
year and amounted to $3.50, $50, 941 in
receipts and $63S,924 ,379 in disburse-
ments. The aggregate receipts for the
year were therefore $1.240, 292 $50, and
the aggregate disbursements 81, POI 1885,
FOL. For the first three months OF the
current fiscal year the revenues show
a falling off of $6,516,373 and the expen-
ditures an increase of $18.073, 539.
In consequence of the deficiency in
the revenues, the cash in the Offices Of
| the treasury and mint declined during
the year from s170, 020, 562 to $137, $780,
204. and by October to $125, 1854, $685.
The available balance, including de-
posts in national banks and other
credits was $23S,6S6, ia on June 80, 1903,
and $151, Al, 162 on October /, 1904.
Increase in Banks.
| The increase in the number Of banks
during the year was 395 and of these 262
deposited less than 100000 each in
bonds to secure circulation and SS1 less
than 100000 each. On June 80 a single
bank had on deposit $4,000 900 in bonds
to secure circulation, while 1920 had
less than $4,000. Bonds to secure pub
lie monies were held for 842 institutions
in 50 states and territories, including
Porto Rico, in amounts varying from
| $4,000 to $10,0O0,000 or more. The state
and municipal bonds on deposit, which at
one time amounted to over 100000, 900,
have been gradually reduced to less th an.
| $S,000,000. The semi-annual duty paid
into the treasury or circulation was
S1,928,837, an increase of $220,017 over
1903.
An addition of $11S,79S, 14S was made
during the year to the monetary stock Of
the country and another of $31 1925, 599
in the following quarter. OF the total
Increase $110,804, 469 was in gold. The
aggregate supply on October 1, exclusive
of certificates, was estimated at $685.
333,734, of which $780,, 149,4S9 was in
circulation. The proportion of gold was
47.66 per cent, as against 44.21 July l.,
1900 The gain of gold to the treasury
in the same period was $2S,033, 1888. De-
posts of gold bullion we're received at
the minis and assay Offices during the
year to the amount Of sits ,593,565. The
actual gold coin in circulation on Octo-
Der 1 is placed at s641, S44, 1868 in coin
and $4S6,512, 139 in certificates.
Circulation of $31.16 Per Capita.
Since July /, 1900, there has been a
growth of $463, 991, S62 in the money in
circulation, or an average of nearly
$116 600, 900. On October / the circula-
tion reached the maximum of $31 .16 for
each person, and the proportion of gold
to the whole was 44.03 per cent.
Bank Notes Redeemed.
The national bank notes presented
| for redemption during the year
amounted to s262, 141 $780, or CLIP per
cent of the average outstanding. This
is the highest record for any year of
the 80 during which these notes have
been redeemed by the treasurer.
The mov"ron, of silver dollars from
the treasnr little over SAL ,000,-
600, and cnts for the curren,
| year shoW aase over last Sill.
/ yer dollar, amount of $46,09S,.
i 314 were pres ID during the year at
the treasury offices for exchange into
| other money.
An addition of $2,S01 GA was made
to the subsidiary silver coin in circu-
lation, carrying the total up to s95,-
528,S43 The disbursements of these
coins for various purposes amounted
| to more than s29,9OO,O0O. The redemp-
tons were s40,375 1877, as against $40
4 959,2 44 in 1903.
j Minor Coins.
Minor coins are not included in the
general statements OF circulation; yet
volume of no less than $38, 1883 is
shown to have been coined and not re-
i melted. An increase of $1,583,715 took
place during the year, of which nearly
I S100O000 was in five cent nickel
i pieces and the remainder in bronze
cents The redemptions were $5,5s7,-
i 4S2.
Worn gold and subsidiary silver
coins, the former Of the face value OF
Il S1,473391 and the latter of $2,S2S, 1884,
1 l y n I'M. M