River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1904-10-20
THE TREASURER REPORTS
INTERESTING FIGURES REGARD
ING NATIONS FINANCES.
A Deficit of $41, 77o,571 Is Shown
Between the Receipts and
Expenditures.


Washington, Oct. 15.-Ellis II. 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 80,
1904.
The net ordinary revenues are shown
to have been $40, 631, TAG, a decrease of
s19,764,925 as compared with 1908, and
the net ordinary expenditures $5S2, 402,-
521, an increase of $76,303,S14. In the
receipts the principal falling off was
$23, 205, OF 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,-
OCT for the navy. Unusual expenditures
were $50 100000 on account of the Pan
anna canal and $4,000 900 loaned to the
Louisiana Purchase Exposition COM
pany, which latter has now been nearly
all repaid. But for these, the recorded
deficiency of SAL, nc, ST. would have been
changed to a surplus of $12 ,S29,42S.
The operations affecting the public
debt exceeded those of the preceding
year and amounted to $699, $50 ,941 in
receipts and $63S,924379 in disburse-
ments. The aggregate receipts for the
year were therefore S1,240 ,292 $50, and
the aggregate disbursements 81 ,221 1885,
701. For the first three months of the
current fiscal year the revenues show
falling off of $6,516,373 and the expen-
ditures an increase of SOS, 539.
in IN 10 Of a n
during the year was 395 and of these 262
deposited less than 100000 each in
bonds to secure circulation and 3S1 less
than 100000 each.
An addition of $118,793, 148 was made
during the year to the monetary stock Of
the country and another of $31 1923, 599
in the following quarter. Of the total
increase $110, SO4, 469 was in gold. The
aggregate supply on October 1, exclusive
Of certificates, was estimated at S. S35, :
1888 ,734, of which $2,562 ,14S 4S9 was in
circulation.
Since July 1, 1900, there has been a
growth of $463, 991 1862 in the money in
circulation, or an average of nearly
| $4,000, 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.
The national bank notes presented
for redemption during the year
amounted to 262,141 $3.50, or Clip pei
cent of the average outstanding. This
is the highest record for any year OF
the 80 during which these notes have
| NV hn trno
An addition of $2,S01 ,644 was made
to the subsidiary silver coin in circu-
lation, carrying the total up to $685..
528,343. The disbursements of these
coins for various purposes amount zee
to more than $29, 100000 The redemp.
tons were $40,375, 1877, as against $4O,,
959,244 in 1903.
Minor coins are not included in the
general statements of circulation; yet
a volume of no less than $38, 149519 is
shown to have been coined and not re-
melted. An increase of 81 ,5S3, 715 took
place during the year, of which nearly
$1,000,000 was in five cent nickel
pieces and the remainder in bronze
cents The redemptions were $685.
482.
Worn gold and subsidiary silver
coins, the former of the face value Of
81, Ala, 1891 and the latter of $2,828,38
were recoined. The loss was ST, 34T
on the gold and $172, 280 on the silver
The good condition of the currency is
shown by the fact that the treasury
offices detected only $12,714 in nomi-
/ nal value of spurious issues.