The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-12-07
IS Al MILLIONS.
Size of the Deficit i'm Government
Revenues for Year.
Secretary Shaw Submits His
Annual Report.
RECEIPTS DECREASED.
An Increase of So Millions I'm
Expenditures.
Available Cash Balance Dropped
65 Million Dollars.
RECEIPTS DECREASED.

Washington, Dec. THE annual
report of Secretary of the Treasury
Shaw was made public today. Follow
ing is an abstract:
The revenues of the government
from all sources for the fiscal year
ended June 80. 1904. were 1854, PA
1874.
The expenditures for the same
period were 1925, 9S4,945.65, showing
"a deficit of $41,770,571.91.
Lhe sum of $4,000, 900 was paid
during the year for the right of way
of the Panama canal.
In addition to the revenues collected
during the year and the amounts re-
ceived on the indebtedness of Pacific
railroads, the cash in, the treasury was
increased $1,19O by the issue of per
cent bonds in liquidation of interest
accrued on refunding certificates con-
verted during the year.
The securities redeemed on account
of the sinking fund amounted to $24,-
4O2,964.76.
Compared with the fiscal year 1903,
4O6,743.90.
There was an increase of SIS, 661,-
1851 in expenditures.
OPERATIONS OF THE TREASURY.
general fund June 80, 1904, was $172,-
051, 56S.O2, which is less by $66,634,-
546-21 than the balance on June 80,
1908. The Panama canal payments,
the redemption of the outstanding SIS
of 1904, and a change in the ratio of
the revenues to the expenditures con-
tributed to this result.
OF the revenues in 1904. compared
with 1903, customs show a decrease
of $23, or, and the receipts from
public lands are less by $1,472,S31.5O,
while an increase appears in internal
revenue of $2,093,995.2S and in mis-
cellaneous items of $2,S1S, 928.25. The
net result is decrease in ordinary
revenues for the year of $19,764,925.
There was an apparent net increase III
ordinary expenditures of $76,303,-
S14.27, but this includes the payment
of $50, OOO,0 600 on account of the Pan
anna canal and loan of $4,000, 900 to
the Louisiana Purchase Exposition
companW The latter sum has since
been reimbursed.
For the first quarter of the fiscal wear
1905, the revenues were $138, 034, 1852 81,
the expenditures $155, S91, 077.37, an ex-
cess of expenditures over receipts of
ST, S56, SIS.
The deposits in national banks to the
credit of the general fund attained a
maximum at $159, Iii, 70S.15 on December
10, 1903. Three calls were issued during
the year on the depositary banks for
the return of a part of the public mon
eys deposited with them. They respond
ed with promptness, paying back the
sums required of them, and the balance
in the banks to the credit of the gen.
eral account at the end of the fiscal
year became s102, 29O, S63.64, a reduction
of $50, $40, S44-51 from the maximum bal
ance, and of s37, 1886, 271.61 as compared
with that of II months before.
The trust funds are SS5, 015, 700 greater
at the beginning of the fiscal year 1905
than 70 months earlier, by reason of an
increase of $50, $40, 700 in gold certificates,
IS, no, 900 in silver certificates, and a
decrease of Sc, 265, 900 in treasury notes.
Transactions in the interest bearing
public debt resulted in a net reduction
in the principal of SO, 3S3,970 and de-
crease in the annual interest charge of
81, 1854, S2S. 80.
The national bank notes presented for
redemption during the year amounted
to $262, IA, $50, or Slip per cent of the
average amount of the notes outstand-
ing. Compared with 1908, this sum is
S65, 12,309, or 33.45 per cent larger, and
it is the maximum presented in any
year in the history of such redemp-
lions. The total expenses were $219,-
093.13, which sum was assessed upon
the several banks in proportion to their
circulation redeemed, at the rate of
$O.S4716 for each $1,000. This rate of ex-
pense is 5.646 cents less than the lowest
rate heretofore recorded. The national
bank notes presented for redemption
during the first quarter OF the hscal
year 1905 were s70.247, 1885, an increase of