Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1904-10-18
STORY DEALS N
LARGE FIGURES
TRANSACTIONS OF THE TREAS.
URY DEPARTMENT.
EXTRACTS FROM REPORT
Decrease in Revenues and Increase
in Expenditures Show
Deficit of Over SAL
10000.

ury during the fiscal year ended JuneSV
1904. /
The net ordinary revenues are shown
to have been $540,631,7 4s, decrease OF
SIS, 764,925 as compared with 1908, and
the net ordinary expenditures 1882, 402.-
S21, an increase of $776,303,314. In the
receipts the principal falling of was
$23,2O5, OFT in customs, while in the dis
bursements the important increases were
$11, 423.44 in commerce and labor, $780,
78S,580 in treasury proper and $20,33s,-
OCT for the navy. Unusual expenditures
were s50,0OO,000 on account of the Pam
anna canal and $4,600,000 loaned to the
Louisiana Purchase Exposition COM
pany, which latter has now been nearly
all repaid. But for these, the recorded
deficiency Of $41. 770,671 would have been
changed to surplus of $12,S2S,42S.
The Public Debt.
The operations affecting the public
debt exceeded those of the preceding
year and amounted to $685., 660,941 in
receipts and $63S,924,379 in disburse-
ments. The aggregate receipts for the
year were therefore $1.240, 292,690, and
the aggregate disbursements 81 ,221. 1885,
7O1. For the first three months Of the
current fiscal year the revenues show
falling of 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 $170, 020,562 to $137 $780,
204, and by October to $125, 964,8SS
The available balance, including de-
posts in national banks and other
credits was $23S, $3.50, ia on June 80, 1903,
and $151 Ala, 1852 on October 1, 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 381 less
than 100000 each. On June 80 single
bank had on deposit $40 ,000,0 in bonds
to secure circulation, while 1920 had
less than $4,000. Bonds to secure pub
lie monies were held for 842 institutions
in 81 states and territories, including
Porto Rico, in amounts varying from
100000 to 100000 or more. The state
and municipal bonds on deposit, which AT
one time amounted to over $4,000, 900.
have been gradually reduced to less than
100000. The semi-annual duty paid
into the treasury or circulation was
$1,92S,887, an increase Of $220,017 over
1908.
An addition Of 311s,79s,14s was made
during the year to the monetary stock Of
the country and another Of $31 1926, 500
In the following quarter. OF the total
increase 4110,804, 469 was in gold. The
aggregate supply on October /, exclusive
Of certificates, was estimated at 81, $780,
333,7o4, of which s2,5e2,149.489 was in
circulation. The proportion Of gold was
l7.66 per cent, as against 44.21 July !,
1900. The gain Of gold to the treasury
In the same period was $2s,0sS, 1888. De.
posits Of gold bullion were received at
the mints and assay Offices during the
year to the amount Of SITE, $685. 66. The
actual gold coin in circulation on Octo.
Der is placed at $641, s44, 1868 in coin
and $4S6, 512,13s in certificates.
Circulation Of S31. 10 Per Capita.
Since July /, 1900. there has been 4
growth Of $3.50, 1892 in the money IN
circulation, or an average Of nearly
s116.0Oo,000. On October the cireula.
ton reached the maximum Of $31.16 fol
each person, and the proportion Of gold
to the whole was 4403 per cent.
Bank Notes Redeemed.
The national bank notes presented
for redemption during the yeal
amounted to 3262,141 $3.50, or CLIP pei
! cent. of the average outstanding. Thil
/ Is the highest record for any year o.
| the 80 during which these notes have
! been redeemed by the treasurer.
The movement of silver dollars from
| the treasury was little over $41,000.'
| 900, and the shipments for the current
! year show an increase over last. Sill
! yer dollars to the amount Of $46,09s,'
4 814 were presented during the year al
| the treasury Offices for exchange int
/, other money.
| An addition Of $780,, e44 was mad,
| to the subsidiary silver coin In circu
lation, carrying the total up to $95,
528,343. The disbursements Of thes,
| coins for various purposes amounted
to more than $29,s00,000 The redemp
lions were $40.375. 1877, as against $40.
| 959,244 In 1903.
Minor Coins.
Minor coins are not included in tn,
general statements of circulation; ye
volume Of no less than $3s.149.619 Il
shown to have been coined and not re
melted. An increase Of $1,5s3,715 tool
place during the year, Of which nearl.
100000 was in five cent nicke
| pieces and the remainder in bronz
cents. The redsmptions were $5,bs7,
As2.
Worn gold and subsidiary silve
coins, the former Of the face value o
$1,473,391 and the latter of $2,S2s.3s4
were recoined. The loss was 81, "a
on the gold and $172,280 on the silver
The good condition of the currency 4
shown by the fact that the treasur.
offices detected only $12,714 in nomi
nal value Of spurious issues.
| A Gentle Hint.
"The word low means vulgar
!, doesn't it?" asked the man.
i "Of course, sometimes" replied hi
wife. what are you driving att"
1 20! Just noticed that that bathin,
suit Of yours is cut rather low."-Phii
adelphia Press.
b