New-York tribune., 1907-12-06


Miscellaneous items....... 1e2l'S6o 50
Total liabilities $40 81
RsseTye fnnd saSSssse9 ae ssi ~ 81 81
Total sl'oo7''-'''
For the fiscal wear 1903 MI Cortelyou estimated
.he total government revenue would be SS46o3S'-
ISL 10 and the expenditures $So5o255S1 TO- showing
surplus of $40 0oo00a. For the fiscal year 1903 he
estimated the at total OF $S'Sl2SoH 81
and the appropriations desired by the various de-
partments at ss2 2S 96 In citing the excess OF
appropriations wanted of S4 s26 7 50 over the est-
mated revenue Mr.. Cortelyou said:
THE ABOVE estimates submitted in pursuance
to law. regret the necessit; for submitting them'
for they are for the most part. problemdticaL
The total increases IN the various classes of cir
culating mediums during the hscat year lS''' &C
cording TO the report were.
The monetary stock OF the eountry% % increasefh t.ef
:1s05si.iIs during the last fiscal year Lhe Browth
in gold was 96 IN silver kl5t-S - ana and N
decrease Of 81 SasG0 in Treasury notes of 1890. Al
cuafion amounted 10 se.172 s-si.455 Der capita
of 81 g The percentage Of soid 10 total crcuia-
OPERATIONS OF THE TREASURY.
Concerning the operations Of the Treasury during
the year Mr.. Corteyou said:
The most noticeeble transactions of the Treas
ury during last fiscal year have Deen t!ls ueHI
dsposing of sccumulatlng revenues. For the first
quarter the excess Of ordinary revenues over ] ~
Of national bankn6tes redeemed, together with the
ed to s45eae 81 e. which was restored 10 the chan-
nels of trade BY direct deposits in nauona nanns
s5i9 e $4sEss.R T & 2sSs5 os.s ss
While The balance in depository banks s { e. i s she
So 20 by january an increase lei gi S;;1;icd
s5heG 4 s bgtgcps Of the interest bearing debt
For the third quarter the eNctss from me ,iT W.
s. es s, 70 was dapostcd in national banks in
creasng the balance therein 70 sl5i os2 sZ @ % by
April. The Treasury also purchased and redeemed
Si4 i84 220 principal Of the interest bearing debt.
two For sauces 6e l9'm nameG guam Amounted iS I to S. Of
which s2ss1 sl7 o5 was deposited IN national banks
increasing the balance therein to S6.g54 5t9 y by
July and the TTeasqry REDEEMED D, F I 3 $50 i pfin
pa q fe q tier Tsne ID sg - Re per cent osn
Of 1901 about S36o0oe00. after refundng operations
est on same TO cease on July 2, 1897 and in order
provide for the payment thereof a call was
rIufn by July 10 Of tsoooOo0 Of the public moneys
The addition Of 100000 in bonds Of the Panama
Canal loan the interest hearing debt during the
last fiscal year was more than offset by the pur-
chase and net redemption Of $30S $50 in bonds OF
re oam 1eI 81 be9rn @ ad debt Whs ncrezd s. o 20
The net increase Of the debt proper was A6'5.-
In reference to the mint service Secretary Cor
teyou said:
New! orleans. Denver and san Francisco have
been IN 9Bera99 1nroqshoSs m m @ @ prces M ." tho
value Of So S6 22I o. or this a62 5 so was gold
coin tI2974 534 % was subsidiary coin and S,3l9,
453 IS minor coin. The coinase for The Philip,
pine Islands amounted to 5;eA"lg peso pieces ana
BY direction OF the President contract was en-
eustus Saint -Gaudens Tor designs to be used on "a
new issue Of gold conisEe Ihe dessnS ana an NODES @
proved. Dies have been made from these models.
e been Oh coined inc and furnished to the yarions Sub
Treasures to be put in circulation on "a The desIS9 i
pieces Tie design FOR the double eagle Is entirely
different from the eagle and other coins.
Compilation of statistics on the national banks
of the country gave the following results
On August %. the date Of latest returns OF
tionai banks to the Controller Of the Currency.
there were in d 80, S 4 Te sarps W1 nd a
divided profits amounting TO $5lS dv5,t"- ana SIS.-
f f aopg uespfSt4eas fS eanst Which and oer
abilities banks heia m n easn, ca No.: reaopT%I %
act of June q, 1896 relating To ne limitation ~
loans authorized incfeaT 10 c "a tG 1 III the cap %
tai and surplus but in excess OF 81 per cent Of
eRsnss che ssPaA IN the f@1 tie increase in surplus
p[.o spproxmateiy $OO6O0ooo about 30 per. cent Of
which was transferred from tue undiVlded pro4t
Comparing the current returns with these ,9 re-
ceived from the banks on appfoHitaatey nne
appears that there has been "a an }. increase I in num-
6tEeG 6fn Of pPots Pohas 8 s. ega sapr ma
ss Posts s S 0 but thf the net in The prncPai
items of resources were follows: Loans and d5S-
counts sy7s 6OO652 United States honds 81 9u'
snece Sc go 459 and legal tenders, $8Saoohl. N ~
changes for Clearing House decreased duIlhh TINS
period from s395. $40 4s7 TO $l9o5o2io5
The prosperity of the country from the point or
view Of international trade was revealed by Mr.
CortelyOu in this statements
The fiscal year ended July l, 1907; was by far @ the
greatest in the history of the country. me
Total value OF imports of merchandise during the
wear was Sl,434, ,42l 425. increase OF more thah
200 900 coo over the preceding year, and Tor the
third successive the largest in the country s
history The imports OF merchandise have almost
doubled in value since 1896 For the third success
sye year the value of the exports of domestic mcr-
chandise has also been the largest known, amount-
ing to 81 s54 553 9J6, Sl36O0oo0 more than in
1896. ~,
An idea of the customs business done during the
last year can be gained from the fact that at the
mort of New York the number of packages exc
:lmined was 77S135. nearly 1S.U0G than during
the previous year and the appraised value OF mer-
chandise brought into that port SS52 O00G 600.
Increase s1O1000090 that reported for 1906.
'The twenty leading ports of the country according
TO the amount or revenue collecteu IN their ofder,
are as follows:
New York -. s222 $50 Puget 80. 81 .o5 Oss
Ieosfon l11.o19 Cleveland /
T,hiadeinhia 2I 1873 800 Cincinnati 737
chicago 01e2. 49, Buffalo
franriS,u.. iol.pooo Newport news
New Orleans. y l5oJ-J tittsbuiS i3s 3:3
Eaitmore -. 5.a96 e75 Mlwaukee ...... 155 si6
retroit ..... 2g5o.244 Plsttsburg n. 7. 80 223
81 I.ouis....... 2743:t6s burlington Vt. 1IGaIa
Tampa 1T22 sol Galveston a59
During The year Mr.. cortelyou added, several
- al,