The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1908-12-10
D. 5. TREASURER
MAKES REPORT
FISCAL YEAR SHOWS HEAVY Elk.
CESS or DISBURSEMENTS
OVER RECEIPTS.
NEXT YEARS DEFICIT
May Reach $143,046, 796-Per Capita
Circulation s34.72 Of which
1875 Per Cent is
Gold

l dsUiHStoi, Lee b.-lHe ANNA
report OF Mr., Cortelyou show
a reversal of conditions for the fisca
Iyear 1908, as compared with the fisca
Iyear for 1907. For the latter year til,
receipts were sS4936, $50 III excess o.
the disbursements. For the fiscal yea!
1908 The disbursements We're $5S070,
20l in excfss of the receipts. due Il
business depression and increased ap
preparations. fortunately. the repor;
says, the available cash balance al
the beginning of the fiscal year was
$272 .061.445.
Aid in Financial Panic
The treasury was called upon in
the latter part Of October, 1907, TO
render assistance in a financial panic
which started in New York City and
which gradually extended over the en-
tire country. Through treasury oper
ations during this financial disturb
ance the amount OF public deposits
with the banks reached S236,64S.22l
on November Goth. 1907. and on De
cember q 1907, the maximum Of
s259.99427l was attained, after which
it was decreased to 1886, 800, 1874 by
the close of the month.
Further Withdrawals decreased this
amount to s11s.379,53 on November
10. 1908. Al the beginning of the.
present fiscal year there was a freer|
of money and large
amounts We're returned to the flnan.
cial centers and some OF the deposl
taries voluntarily returned TO the
treasury a part of their holdings Of
public deposits. amounting In all to
four million dollars. A
further withdrawal of public money
from deposltary banks in New York
City, made in January. amounted 10
sS,850,000 making the balance in the
banks to the credit of the general
fund al the end of January, s226,241.
i1S.
Further voluntary surrender of, del
1osits were made during February, |
md on June Both the general fund
lad been reduced to $4,000, 900.
Money in Circulation.
The aggregate of trust funds, con
listing oil gold coin and standard sill
rer dollars held for the redemption
VI certificates and notes for which
hey were respectively pledged in,
,reased $139,00O0o0 during the year
The monetary stock for the year
increased seq, 2O3. 900. The growth in
,old was sl5l,7i4.391, In silver. s17.-
1895: national bank notes s94,5i5.
~, At the same time there was q
decrease OF sl,00G,00O. Al the close
II the fiscal year, 1908, the money in
amounted 10 s303S.0l5.
1873, or a per capita OF s34.72 The
percentage OF gold TO circulation was
1886. There was an increase OF S94..
1927 in the volume of national bank
totes during the fiscal year closed
lilly lst last.
The amount Of interest bearing
lebt on June 80 1897. Is shown to
ave been $9S4,902,760 and on June
10Th, 1908. sS97503. 500.
The report shows that from the date
II the passage Of the national bank
Ict in 1863 to July /, 1908. charters
we're granted to 9.l7i national bank
ng associations and at the close Of
he last fiscal year there were in oper
Ition G,S27 associations, with author
zed capital stock of $930.542,77A
Banks to the number OF 1878 hay
leen closed by the voluntary action OF
heir stockholders and 469 insolyen,
associations have been placed in
,harges OF. receivers
There We're purchased for the coin
,ge Of subsidiary silver during the is
al year 1885,. 500 ounces OF silves
al a cost OF s9.s23.O26.
The receipts. from internal revenue
axes for the fiscal year 1908. were
s251.7ll.126. net decrease from
1907 of sl7.955.G45 The customs re.
ceipts for the same period. amounted
10 $2S6113.130, a decrease for the
ear Of about $40 1000 GOO.
Basing bis figures on the estimate
Of appropriations already submitted
by the several executive departments
The secretary is OF the opinion that
The excess Of expenditures over re-
ceipts for the fiscal year ending June
30. 1909 may reach s143.04s. 7ge.