The Havre herald. [volume] (Havre, Mont.) 1904-1908, 1908-04-08
UNITED STATES NOW
WEALTH|ES1 NATION.
Treasury Figures Show that tho
Per Capita Is in Excess
of $I,3Io.
VAST GROWTH OF FINANCES.
Money In Circulation on Jan. 80
Last Was Nearly $4,000
100000.
VAST GROWTH OF FINANCES.

or the Un1Leu states treasury, VINO mas
charge Of Uncle Sans money, called
my attention the other day to the al
most incredible growth Of the business
Of the Treasury Department since h
came into the service, forty-two years
ago, and he furnished me with some
very interesting and rather startling
comparisons, writes William Il. Curtis,
the Washington correspondent For
example, the wealth Of the country,
which, Of course, has kept pace with
the transactions Of the treasury, Is
three and one-half times greater to-day
than 1t was in 1870. The total then
was 068,51S,o0O. The estimated total
to-day, based upon the census reports
and information received by the Agri-
cultural Department, the Secretary Of
the Treasury and the Comptroller Of
the Currency, Is S1O7, 104, 211, 917.
The wealth per capita of citizens Of
the United States, based upon similar
estimates, has increased from S77D.S3
IN 1870 to S1,31O.11 in 1907, which
makes the United States, with its enor-
nous population, the richest country In
the world. "u0.
The money in circulation has lncreas
ed four-fold since Major Quaiffe came
! into the treasury. The total in 1870
was $675, 212,794, while on Jan. 80,
1907, 1t was $2,914, 1929 The clrcu-
lation per capita has almost doubled,
outstanding the present money
famine, and has increased from $3.50
to $33.80 during the last forty-two
years
When Major Quaiffe came into the
cash room we had only $25,OO0,OOO in
gold; to-day we have $756, 665,S69 In
gold coin In the treasury alone, not
counting that in circulation and hoard
ed away.
Uncle Sans working capital on Dec.
IA, 1907, amounted to $1,756,491 ,46t.31
all Of which Is hard cash. OF this
amount 81 ,253, 705, 1863, In coin is held
on deposit to secure the payment Of
$756, 665,869 gold certificates, SAT- ,525-
600 silver certificates, and s5,515,o00
treasury notes outstanding The tre,ls-
ury reserve, which is kept by Jaw,
amounts to s150,OO0OOO. The cash bal
arce available to pay the current ex-
penses of the government ON Dec. II
was $3.50, 7C2, 3O9.65.
| Uncle Sam does not keep all Of his
money in Washington, although there
is a good deal of it here. The remain
der Is scattered among the different
| subtreasuries, minis and national bank
repositories as follows:
| Treasury, Washington .S175,9 71 Biz 10
Subtreasury, New York. 27O,623, 937.S ST
Subtreasury, Baltimore 16,O27, O2341
Subtreasury, Philadelphia. 1S,96S, $1,000
Sabtreasury, Boston. ..... 19,92S,27 100
Subtreasury, Cincinnati. 13,417. $3.50
Subtreasury, Chicago. 80. 55,OS3, SO2.72
Subtreasury, St. LOUIS. $4,000, 1862 40
Subtreasury, New Orleans 23,659, 62OS9
Subtreasury, San Francisco o3, 43O, G9379
Mint, Philadelphia. ...... 354, 17S,51l72
Mint, Denver .........,. 5S,37O.9O7 10
| Mint, New Orleans. ..... 1882, S71.334
Mint, San Francisco. 80. 800 .4S3, TIA 10
| Assay Office, New York.. 79,S5S, 3232 81
National banks ......... GAG, 294 ,455 90
Treasury Philippine Islands 3,795, 39959
/ In transit between offices. 1876, 1888 40
In addition to the working balance
and the reserve, there Is a total Of
I $S11, 736, 1928 in bonds in the vaults at
Washington, Of which S633,535 $40 Is to
! secure circulation of national banks and
/ SITS, POOLS to secure deposits III IA
tional banks. An additional sum Of
SOB, 751 $3.50 is deposited for similar
purposes in the subtreasuries Of New
York and San Francisco, making to-
tai of 1915, 497,51S Of other peoples
money in Uncle Sans charge