The evening world., 1905-12-06
S23,004,228
IS DEFICIT Of
J.. S. TREASURY
Secretary Shaw's Report
Shows Expenses EX-
coed Receipts.
FISCAL DEBT INCREASED
Amount Is Only 5000 10 In
terest-B Bearing Obligations
of Government.
FISCAL DEBT INCREASED

WASHINGTON. Dec. 6-The report
OF Secretary OF the Treasury Shaw was
sent 10 Congress to-day. 1t shows that
the total receipts OF the Government
for the year ending June 90 last were
t67, l0, 269eS. The expenditures for the
same period were $40, los, A9S bj, leaving
q deficit OF s23, OO4, 22S,6o,
In spite OF this deficit, the ordinary
revenues Of the year show an increase
over 1904 Of upward Of 100000, while
the expenditures we're more than si5,
10000 less. In two years now, the eN.
penditures OF the Government have ex.
ceeded It's revenues by more than S64
10000, This is due. In large measure.
however. to the expenditure In 1904 Of
So.0OO,OO on account Of the Panama
Canal.
During the fiscal year 1905 there was
an addition OF 500 to the interest-b bear
ing debt, while there were reductions of
BO0,6S in the items on which interest
had ceased since maturity and $500
1850 in the debt bearing no interest,
The net reduction was S3,9OlGl30.
The available cash balance In the gen.
sral fund June 80, 1906, was slij, AZ, 49LSS,
n reduction for the year OF s~26,57+G76ls,
Currency Issue S637,75o,ooo.
The total amount OF United States
paper currency Issued during the last
FISCAL year was s637, 10000, and the re-
dsmptons were SO23, O26, COO, Gold GER
tincates increased Sc, i99, 400, while silver
certificates were reduced S,2ll,0N and
Treasury notes $685. 900.
At the beginning Of the year the de-
posts In national banks were 500, $780,.
tel6I, but the excess OF expenditures
over revenues necessitated a call on
these repositories for public funds until
the deposits were reduced TO a little
more than S6i, 900, 900. The per capita
circulation during the year was sSl0S,
10 maintain which 1t will be necessary
on account OF increase OF population to
add about $780, 100 10 the monetary
stock each year,
Reserve Gold Beats Record.
The gold in the Treasury, including
reserve and trust funds, on oct. ., was
S72e, SOS, 60oS6, a sum never equalled be-
lore BY this Government and no other
government ever held so much precious
metal
Secretary Shaw devotes considerable
Of his report to the subject OF national
banks He reports that In the year
ending Sept. 80, 1906, there were twenty.
two failures and ll6 voluntary liquid.
atoms,
Latest reports from national banking
asso0ations, made IN response 10 ,hc
call OF the Comptroller Of the Currency,
snow the conditions existing on,Aug. Is,
lSYo, These reports cover b,7bT banks,
with a paid-ln capital stock OF $799, SO, 22y
ana a surplus of S4l7, 757, SOL. This sur.
plus is nearly three times the amount
required to be accumulated under the
law, In addition TO the surplus, the
earnings carried as other undivided
pronts' amount to 500, $50, SG6, the sur
plus and undivided profits together
amounting 70 over II per cent. OF the
pead-ln capital, Deposits to the credit
81 individuals are $500 s1, 7lS, and to
the credit OF banks Sl,62i,s 1851; the ag-
kT0IhVo uupllllltS dlt NttfiGt oOutoib, Inc
Increase In aggregate resources over the
prscsding year is 1897, 264,S74,
Exports Still Exceed.
Imports to the amount OF N,u7,6 / s29
were landed upon United states wharVes
during the fiscal year ending June 80,
1905, and upon these imports y262, O60, 525
OF duty was collected, For the same
period tho exports of merchandise were
h,61s, 80, 80, At the port Of New York
alone $4,000 inoIces were examined,
TAIL 10 packages were received, and OF
this number 74s, lR we're carried TO tho
Appraisers stores, opened and exam
med In other words, for each of1cial
day at the port pt New York 900 pack
ages Of merchandise were examined,
Appraised and delivered.
Secretary Shaw earnestly recommend
the arrangement Of the customs dis
tricts. He also saws that NJ no time