The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-12-06
!. 5. TREASURER
MAKES REPORT.
MOST NOTICEABLE TRANSAC-
TioNS WERE WITH DEPOSi
TORY BANKS.
EMERGENCY MEASURES
Rcsorted to BY Government to Re-
lieve Strinsency in Money
Market--Should Profit
BY Experience.


Washington, Dec. 5.-The annua
Irepott ef Secretary OF the Treasury
CoHelyou was today submitted to tht
speaker CT the house of representa-
tiyes, from which the following ex
cerrts are made:
The most noticeable transactions d
the treasury during the past fiscal
year have been the dealings with de
| positary banks and the manner oi
jdisposing af accommodating revenues
For the first quarter the excess of or
dinary revenues over exnenditura s
1.-THE deposit Of lawful money in eX-
cess of national bank notes redeemed,
together with the proceeds Of the
Panama canal bond sale, amounted
to $40020,G7122, which was restored
IL the channels OF trade by direct de.
posits in national banks aggresati1g
$d2, 1856, 10000. increasing the balance
|therln to si2lsas8.475.42 by October
II. For the second quarter the net eg-
cess from the first two sources pre-
viously named was $20,238,089, while
the balance in depositary banks to
the credit of the general fund had
grown to $146,S27S67.99 by January
/. an increase of $22739, ,392.57 since
October /, The treasury also puf.
chased s2.441 ,269 principal of the in
terest bearing debt. For the third
quarter the excess from the two
sources named amounted to $28649,
4S0.1i, of which s7,2G5.O94.10 was de-
posted in national banks, increasing
the balance therein to $154,092 ,96209
by April The treasury also pur-
chased and redeemed $14,4S4,220
principal of the interest bearing debt
For the fourth quarter the net excess
from the two sources named amount
ell to $34271,2S5.S6 of which $l2..
61,St7.03 was deposited in national
banks. increasing the balance there
in to $167,054, 1912 by July /, and
.he treasury redeemed $l3399 $3.50
principal of the interest bearing debt.
IN the meantime april p the residue
of the per cent loan of 1907, about
s3G 100000. after refunding opera
tions were completed, was called fer
redemption, interest on same to
cease on July 1907 and in order
10 provide for the payment thereof,
call was made upon the depositary
hanks June u for the return, by July
10. of S30.000,000 Of the public
moneys held by them.
Under the provisions of the act of
March IA. 1901. s5O,S07 500 in United
States bonds Of the loan of 1897 were
Ieoeived during the last fiscal year, |
n valuation equal to their present
worth. to yield an income Of "a per
cent per annum. and like amount |
of consols Of 1880 were issued ih ex
,hange therefor at a, premium of
per cent.
The addition of s300O0.o00 in bonds |
VI the Panama canal loan to the in
crest bearing debt during the past
iscal year was more than Offset by
ne paChase and net redemption OF
s3o.S2It teO. in bonds of the loan of
907. and refunding certificates. The
bearing debt was in
.reased s4,ss0.222.50.
The trrst funds consisting OF gold
.oin and standard silver dollars held
or the redemption of certificates and
totes foE which they are respectively
Iedged. amounted 70 sl.l650o9S6s at
he close of the last fiscal year. an
rcrease of s11537l 900 as compared
with that OF 1906.
The monetary stock of the country
s1s0.5S44l6 during the last
seal wear. The growth in gold was
l25. 5.6s2. $50. in silver s13 G23.75o. and
a national bank notes s42.G7G.33o.
rhiie there was a decrease Of 81
$4,000 in treasury notes Of 1899. At
he ciose Of the fiscal year 1907 the
,oney in circulation amounted 70
: 17z. .s5s. .45s. or a per capita Of 49,
?. The percentage Of gold to total
srculatien was siea
Putiic Moneys.
The monetary operations of TIE I
ovemment have beeh conducted
hrough the treasurer Of the Unitsd
tates. rine snhtreasury officers. the
Feasury Of the Philippine Islands. the
merican Colonial Bank of Port Rico.
BE Baneo De Ia Habana. the National !