The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1905-12-15
Deficit SHOWN BY
Secretary SHAW
EXTRACTS FROM ANNUAL RE-
PORT ON OPERATIONS OF
TREASURY DEPARTMENT.
During the Last Fiscal Year Govern
ment Expenditures Exceeded Re-
ceipts by Over $23, 200, ooo-Re-
port of Postmaster General.

Washington, Dec. THE revenues
of the government in the fiscal year
1905 aggregated $697, 161 1853. This
was an income of $1,909,S66 day, or
$1,326 a minute night and day
throughout the year. The total ex-
penditures, however, were $23,0O4,22S
in excess of the receipts, the expendi.
lures being $72o,1O5,49S. Secretary
Shaw gives the figures in his annual
report for the treasury department,
submitted to congress Wednesday.
Compared with 1904 the revenue in.
creased $12,SS6,S96 and the expendi-
lures decreased $5,S79,447. In the
two years expenses have been more
than $64,0O0,0O0 in excess of receipts.
Increase in Circulation.
During 1905 $6S,739,793 was added
to the money in circulation. The per
capita circulation advanced from
$3O77 July 1, 1904, to $31.3S Novem-
Der 1, 1905, and at the close of the
year, June 80, 1905, stood at $31.0S.
By October 1, 1905, the total money in
circulation had advanced to $2,624,-
230,391, a per capita circulation of
$31.39, 42.S per cent. of which was
gold.
The Public Debt.
The Understanding debt of the
United States outstanding November
1, 1905, was 1896, 15S.94O. OF this
amount, bonds of the face value of
$549 ,599,590 were held by the treas
urer of the United States in trust for
culating notes and deposits, leaving
$345, 559,350 in the hands of other in
yestors.
Postmaster Generals Report.
Washington, Dec. 11.-Postmaster
General Cortelyou, in his annual re-
port for the past fiscal year, says that
while a self-sustaining condition of the
post Office department would be graft
flying, he is less concerned about the
deficit than the efficiency of admins
tration. For the fiscal year 1905, the
total receipts from all sources were
$152, S2S,585, and total expenditures
$167 .i81, 959, leaving deficit Of $14,-
1854. In connection with these fig.
ures the postmaster general directs at
tention to the increased amount of free
matter handled, which he says aver
aged 1858 per cent. of the entire
weight carried, or loss in revenue OF
S19,S22,0O0. "Manifestly," he says
chad the matter now carried free been
required to have been prepaid, not
withstanding the large expenditures
for the rural free delivery service
there would have been no deficit"
Answering some of the criticisms
which he says have been directed
against the postal service, he says thai
much of it overlooks the unusual con
ditions existing in this country, its
great extent of territory and it's widely
scattered population. With the intro
duction of rural free delivery as YET
unfinished and other details of postal
development incomplete, he thinks il
the Part of wisdom to proceed conserv.
atively until the present service is
more nearly perfected. "In other
words" says he, sit is believed that
for the time being attention can be
more profitably devoted to an improve.
ment in the service already established
than to an immediate consideration OF
such questions as the reduction of the
rates OF postage, parcels post, postal
savings repositories, postal tele-
graph and telephone, and kindred sub
jects.'
The work of purifying the mails Is
| not confined to the suppression OF
frauds and lotteries but includes as
well the exclusion therefrom of OBJ
scene, indecent and scurrilous matter
and the punishment of those found to
have deposited such matter for trans
mission. He adds that a more strict
enforcement of these statutes recently
has brought about highly gratifying
results.
AS regards the rural free delivery
service, the postmaster general ex-
presses confidence that future legiti-
mate extensions can be accomplished
at lower rate of expense.
At the end of the fiscal year, June 30,
there were in operation 6S,131 post
Offices. The number of employees in
the service at large is stated to be