Omaha daily bee., 1906-12-06
operntions of the Treasury.

Tho net result of the ordinary trttpsac-
ons of the goyernmsnt, ,I t9f 30 sS R5s 81 s COM
nared with a deficit Of $25yOi Zzeog LOT We
ppTeceding year The interest-bearing pup
iic debt was inSgeaSeS sec @ Gnu caused BY
ret additions of lawful money 20 the ma
Uonal bank note redemption tuno; Lne
increase OF the debt proper was SlV'lOO'-
S'2;[@ 2Se trust funds increased $52ssO9O and
amounted to 81. .O44,6 6SS,s69 at the close OF the
h1Gai dsr Sed he PROVISIONS Of the act of March
"A 100 S53O32, 400 per cent consols OF
1q3O were Issued in exchange LOT bonds on
the per cent loan OF 1907 ana the per cent
The excess OF revenues over expenditures
ana the additions TO the national bank note
adIanced the available cash balance 70
$50 6S9 3S4.S2 at the close OF the n@scai @ year
an increase for the year of s55, ~ s62.YJ.
For the first quarter or 1907 the revenues
we've s5 S71 8l4 q in excess of the eNpendi-
t,,ree while in the first quarter on 1890 the
expenditures were $957L24l.56 in excess OF
''T Tbn national bank repositories were util-
lied during the fiscal year as a medium
through which the excessive accumulation
OF money in the treasury was restored 70
the channels Of trade The balance in
banks TO the credit OF the general tund
July l. 1905. was S65, ,OS4, 81 against Whlch
there was an unpaid call for $4,659,5OO. By
Ire end OF July this balance became So2-
ga 1nq 6s and remained practically at that
Azure until the end OF February when ad-
ditional deposits OF public moneys TO the
amount OF S. g.O41 900 were appOrtioned and
made IN depository banks In important
centers. In the early part OF April an
unugual stringency in the money market
vas relieved BY the temporary increase OF
nublic deposits with depository banks TO
facilitate the importation of gold In the
impOrt movement thus assisted more than
ssq nO0 OCO in gold was added to the general
stock OF that metal in the country. On
Nav public moneys 4 to the amount OF
sofr, 0da nj
n tbe District OF Columbia 10 avoid a local
stringency likely 10 arise from the col
iection and deposit in the treasury OF taxes
during that month. BY these measures
the balance in banks 70 the credit OF the
General fund on May S was Sl02 108, l23. 49,
ne highest point reached during the fiscal
Year after which Il was gradually re-
duced 10 SS1 1Ol. 5.33 by June 50, 1896.
During the first quarter OF 1907, additional
tsnpoTsry deposits OF public moneys were
made in depository banks 10 enable them
to import gold, which, by october Is, re-
s1,lted In an addition Of s34.ll9.O00 70 the
stocIf OF that metal. Also on September n
owing TO the continued accumulation OF
money In the treasury In excess OF its
imnediate requirements, &25.00.O10 Of the
public moneys was apportoned and placed
In existing depository banks, located In
tyyenty-six OF the leading cities OF the cOun-
try. with notice 70 the banks that Il would
De called for after February !, 1907. The
bslsnce iu banks 70 the credit OF the zen.
ersI fund on October / was Sl24 0SS, 1854
Growth of Monetary stock.
There was an Increase OF Sls6, $50. n N
the monetary stock OF the country durina
the last fiscal year. The growth in gold