New-York tribune., 1906-12-06

fiscal year are thus estimated on the basis OF eA-
isting laws: s?1G COO 600
miscellaneous 3 % q2 929SS4 SS4
Postal revenues .'''''''. l loi,''o
Total stia;sd Tsyenes @ o same ncrio5 are '', ssti
mated as, follows: s1aa 600
establishment .5o
PENSIONS fala6 13s 3 SSS }.5S 'sS SSS
InteTes, on the public = @ g99@9 s
Postal service 49,
Total estimated expenditures. .Sl'''''-o4
..,,s =. .................. SOS OoOooO
OPERATIONS OF THE TREASURY
The net result of the ordinary transactions of the
government for the fiscal year 1906 was s4rRR51s RR5
of s25 6s9 S22 81 as compared with dehcit or SzS,
0 22S for the preceding year n he int % ebt
be5rne no interest 65O15 90 caused by net addl-
tons Of lawful money & ncrea 10 e of the debt prope
was S0165 SIS 20. The trust funds inGrea5eI fha
geo. 49,, and o am9aMted 2s9 10 SiV4'''' ' '
Under the provisions the act Of March s,i a. iS m
exchange for bonds tine per cent loan Oh l''
ana me g excoss Of revenues over expenditures and the
additions the national bank note zoe apy,,T
able cash balance $1So,6S9354 81 at the c9SI o'
the fiscal year, increase toy the year u F'''i''
cr the first quarter Of 1907 the yI %efS e
The fTst quarter 1906 the expenditures were $''
2 g in sycesS Of the reGsiP5f we're utilized dur
ing the fiscal year medium through ,T MnnH
th excesgiye accumulation of in the Treas
M, nv Vas Iestored to the channels of trade, Inc
balance I'm banks 70 the creGl' Oh me me sbir6 there
was an unpaid call for $liG59gW by tne a gr3 "a "a
July this balance became $92g o9 rs ana 1brIa, Tetr
practically at that figure unIi tle emu as or 70 tbe
when additional deposits OF pubic none e5 I IL,
denositarv banks in important centres in the early
part of April an unusual strngency IN iasen I,g ~
public deposits with depositary banks 70 ta'llutle
The Of S E9dm m ~ 6s in god added
10 the general stock of that metal In the country
S,nre niacel I'm denostary banks i'm the District Of
Columbia. to avoid local t sIrnStiTy in the T2eas
ury of taxes during that month BY ny 'nsT S ~ CO.
ersi { fund On May was siO2 oSi3 49, the highest
point reached during the fiscal year a1teI ao "un I
i was gradually reduced to SS''l"'''0 ." oy june
bnring the first quarter of 1907 additional tempo
rarv denosits of public moneys were made IN
depositary banks To enable them to import gold
Sisc hf@ ~ to s9U the stock Of that metal Also the
27th of September owing to the continued aSct- ~,
immediate requirements, s26OGoo0o Of the public M
moneys was apPorti3nedm IL and pacsG N Of bs e
cities Of the country with notice TO the oamKs tst @
balance in banks to the credit of the general FUND
on October ] was s124OSs. 475 42.
tary stock of the country during the last ; fiscal
year. The growth in gold was $lS OSQIH IN ol SILVER
while Treasury notes declined s2G2T 900: 600: o,,r..s
to e s$PS per- Sapa srealati9 s. s.
October the total circulation had increased
10 S2s121s94 or S23 oS per capita, 4SS per cent OF
this amount being gold.
last ne sca f'Sgn year wera G $50 30 BY
this increased 70 $S S93 500 a. the largest amount
Tho United states paper rurret cy issued d'fns
red,mptioi?s we're $5774t5oJ gold ccrifcataa in
creased s42 500, silver @'tic@cs II at % f22%"D W.me
Treasury notes decreased s2p2'. .h'' me "EStABe
cost Of each piece Of United states paper currency
NAL cost of 1aamtea ,nce Of tic currency issued
by the national government "'Hrae"S an4t an3ut one
Tho United states h"n,ls rlcdscd to Se'urc b'hk
Sir niat,4n iS a- Irn,,'' i j." si-, The Tinted
States and other hoaGs held 20 scout" "unllc dep-S-
lis agsro gated $9'a'5.52, an n"r""s' Of F'7'''''"
he wear were follows 2ji@d State n"tc, 81 -
452. 49,, Treasury notes. El'2N" me. -'1'cnn
fund in exchange Tor gold and TIC reserve was
tIus maintained AT tie amount d%"d 'v 'aw -
"S-t lj "a" HIS E ncroa@e only s266 30 $50 were pre-
scntld for redemption ts against S&oS29N.16p in
iso5 The expenses incurred for such redemption
were $3.50 92i 81 which have been aSs"ss"d ON the
banks AT the rate Of So.Sf52S per $1,000 OF notes
on march l. 1900 .he paper circulation of ,he
denominations II SO and under outstanding was
S,gooG2 >45. and by October I. 1906. it increased TO
81 o>7 ISs OPS an average annual increase Of about
ST 600 600 But the needs of business, measured
notes during the last year make it clear that
the supply is equal To the demand. nder eX-
sources tor the issue Il small denornInetions are
iarged only 10y legislation.
The receipts of moneys for redemption and eX-
change during H. fiscal yeear 1906 Were $lloi+t9.-
4g2 a. against $l.lj0. 625 I63 in 1900
The SnulueutS Of silver coin at government eN-
Sal 5G2, SOS I'm standard siyer dollars an6 S23-
transportation vas 81 - per SltoG.
CONDITION OF NATIONAL BANKS
The latest returns of national hanks made 10 the
Controller of the Currency exhibit conditions on
( September 1906. which date there were In Op-
GRAFTON GlS associations with paid IL capital 5tock
SA,9 The surplus proper Si902ij.I1i which
IS nearly three times the amount required to be
surplus and other undivided profits amouCt -
more than 50 rcr cent Of the paid in capital
SSUlG.C2l 0i6--nOre than Oue-half or S4S99A%iu,
/ represented by individual deposits The deposits
to the credit of the United states ana disotrS!ilS
officers Of the government. $0l.SiH4
The principal items OF resources % the banks
were as follows: Loans and discounts S42ssHN3Sl6:
United States bonds S6-S 7S6,1lU; other bonds and
seeHri,es c Dd @ SGl 2o 100 spe5ie $t i% 9i which
/ and legal tenders Sl6l 57J.l%)
Since August % 1905. the date OF approximately
corresponding returns, there il shown TO have been
an increase of $50 in number Of reporting banks,
S3Jlg6,O6l in capital stock and &O52O24 IN surplus
and undivided profits. There was an increase or
ST9 2565SI in individual deposits and So,I4l6l4 in
government deposits The amount 10 the cIedit
OF other banks decreased S3J s76 l20. The deposits
on which reserve was required amounted 10 $i92I'-
ssb,4oA on which a reserve of 2O.iu per cent was
held on september 4, 1906. The cash on mana, the
redemption fund and the net amount due from re-
agents equaled 2572 per cent OF deposit Ia
bilities. On August 25 1905, the deposit liabilities
$I3 .535; the lawful reserve, 259 per cent.
but Including the net amount due from @ reserve @
serve was held of 2T33 per cent. Compared with
August =. 1855 tho September u906l rnporta show
S7.Sl5o40 IN government bonds. but reduction IL