New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-08

The available cash balance in the general fund
St6b545i6 = than the balance June 80 1903. The
dan9Ifa lanai payments. the redemption OF ne
81 me revenues to the expenditures contributed 10
,o9s the Show [egeaues in 1904 compared with 1893 ss faS
from p"bc ag aI Of c. fig 81 aaq 5ne While an
and IN appSafs IN internal Teyen ma OF s. ESQ ~
I sg' Is "a decte:'se IN ordinary revenues Tor me
Increase IN orinarv e%penGtlres Of SIS eos 314 p
but this includes tie payment OF $51OoOeO on ac-
~ tHe Louisiana Purchase Exposition COMPANY
! ne latter sum has since been reimbursed.
revenues en- tst quarter 81 the fiscal yeaI 1903 me
go. .; an excess OF expenditures over receipts
Of s9t Of y @Gnfs in w 5ae s. '9 9
share OF sold which July l. 1906 was a. n per cent
became 4..so ON The same date in sOi. a large part
vaults Between July l. 1900, and July / 1904 The
holdings Of s6d on the sG aqts sf ~ thf toa
S6s 81 3d. with further increase s72l 253 $S7 IS
The extraordinary amount OF So 1873 2s2 "a in for
nestle bullion was deposited in the mint at San
York York once Of O' ''''s'4p''' sAS"lnss on New
70 go "a per Gap9 circulation OF $50 IL
a notable fact is that, with addition of II per
cent to The population in the lear the increase in
BY October 100 90, there s wss further increase
capita reached the maximuH $S1 I6. while the
share OF gold became 1903 per cent
$50 with capitai stock Of SO r S5i The efS apd
other undivided profits amounted 10 S5S3.13 047; bank
@ep@2!iI $50 individual DEPOSITS g 4SS-
material reduction in any Of the items was IN
United States ana other binds deposited with the
the amount of deposits secured. Public funds
amounted to $84sG7o less than in septenbeT. 1862
and there was corresponding reduction in the
ank and 6diTdasi i5creS5ed drinE the o year
safe ' incres aga 81 see e respectively an "ssFs
Loans and discounts increased during the year
20 $3,l2f 5l,4l9. approximately S2fJ1i10tl The
4d iYns65 tn tn S2na asgr s52ss sns 7ssgS
e S9 a sol %L - Spec IN SEPTEMBER 800 were
-22e3e gold Treasury certificates. $SJ969O00 gold
clearing house, certificates, $995556o silver coin
holdings Of legal tenders was nominal The amount
decrease of 1f2.265 compared with September 1903.
s6s7sos5 sea- on Septeniber 1905 the banks held
The Tr9asurer Of the nJed states against deposit
laoiiIes siGouPtns to $ S s while ON Sep
hli-es aggresatinS $s,5vo.95J 100.
THE DEMAND FOR GOLD
IN this connection. would invite special atten-
monetary act Of ia. and the policies Of this de-
paruuent adopted in harmony herewith. change
has been brought about in the incidence of the de.
n2nas upon The IgasuEy for gold The act Of
iiaeatez. and on Noven6er J. 796 the amount OF
these esrtifeates Outstanding had risen to $53l-
IF the department steadily 70 reduce the United
STAT notes OF G9mna Si @6ovs $40 to the
1905 the amount OF such notes outstanding in de-
nominations above SO was only tS2,ol7,787
As the gold certificates all in denOmina-
demands upon The Treasnry for gold are now likely
10 be made by the presentation Of gold certificates
notes. 1t might be supposed that this would re-
notes or gold certidcafSs are presented the actual
6. n'and for gold Is usually for bars During The
the Treasury gave S69,7s05l1 in gold bars in direct
time the total presentations of United States notes
Tor gold amounted TO only S6.59l,2N The exchange
Of coin il the reserve fund by the same amount
ta ne supply Of bars is dimnisea IL IS evil
pressure upon the reserve fund viii be for bars
TheIe has never been any persistent demand upon
the Treasury for gold except for export, and for
that purpose bars preferred by the shippers. as
they are sure to be of full weight while all coin
here is an advantage to the government also in
For ne foregoing reasons is ,reeommended that
Section OF the act of March Il. 1900, be amended
by making Il read that whenever and so long
IS The gold coin and bullion held in the reserve
[Gnd n the Treasury for the redemption of United
main 2Js and dasg ny n0tfs s4s fan s and g
tihoatos herein provided shall be suspended"
IN q he aa.
G reserve and ID W9d he OF his f9 d aa to op keen an
an unes sufficient coin in the fund TO meet the
THE CUSTOMS SERVICE.
Improved service and the extension of immediat ia
country increased the esoense of c pFS 81 me
i1lnE over s2'l00 in round numbers. The average
r,st 81 collecting was 50 03 PEI dolar-much more
~ etal revenue for the last year was SO o. a
I'm ~, non, over mat Tor the preceding year.
dia5e transportation, ports. requiring additional
of the country additional facilities in the way Of
direct importation OF foreign goods The gradual
extension Of the immediate transportation priv
TXed expenses OF collecting the revenue from orls
vision Independent ports have been establjshed
@!trC supports tributary TO 2 large central port
NoClG f'tte been sufficient These tributary ports
are therefore now maintained independent ports
a." I'D unbuslnesslike basis. Much unnecessary ex
Of small and expensive ports as supports de
Ifndent, upon large self-supporting ports. Con.
49, Ahou.q 90 inns or authorize the executive
branch OF the government to reorRanze the Gus.
iIS o!SlIlcls upon an economical and businesslile
oct of Congress wherein the President IS authorized
10 FetaIfailRe the internal revenue districts.
,f..iyL 100 strongly emphasize the need for
.enstlc and economical reorganization Of the Gus
ems ms strSlce along the lines here suggested.
ne pelieflts Of immediate Transportation sbond
oS eAitenaed 70 san Juan. =. r.
~4ttS sAe nScal year under review work ~
ne board OF General Appraisers was reoreenized
- i@Ntns a ne9V arrangement OF the sub1boards
BY means Of this reorganzaion not o1I DuGse t
teJfos deis h kept wei in hand and complaints OF
past years The lIpi6er % poIests , Snaeciaea III
doubled and the board IS gaining at the rare ~ fer
thousand year I'm decisions over the number ~
rIoteS{s 5feeeiyed; whereas formerly fewer case:
recomIn3end that Congress require the registra
under such regulations As may be prescribed h,
Great effort has been made 10 protect The rayo,,
by increased activity and vigilance in the detectoT
ard prcVeiiion Of frauds ny the division of specie
special during the fiscal year ended T1n IN
1885,. compared with the previous year is presented
klrhe %