The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1908-02-13
Treasury Figures Show that the
Per Capita Is in Excess
of $I,3Io.
VAST GROWTH tY FINANCES.
Money in Circulation on Jan. 80
Last Was Nearly $3,OOO,-
100000.

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 he
came into the service, fortytwo years
ago, and he furnished me with some
very interesting and rather startling
comparisons, writes William e. 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 $3006S, $4,000. 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 $107, ,104, ,917.
The wealth per capita Of citizens Of
the United States, based upon similar
estimates, has increased from $770.S3
in 1870 to $1,31O.11 in 1907, which
makes the United States, with it's enor-
nous population, the richest country in
tie world.
The money in circulation has increas
ed four-fold since Major Quaiffe came
into the treasury. The total in 1870
| was -$675,212, ,704, while on Jan. 80,
1907, it was $2,914, ,334422,2256. The ciycu-
lation per capita has almost doubled,
Notwithstanding the present money
| famine, and has increased from $3.50
to $3.50 during the last fOrty-two
years.
When Major Quaifre came into the
cash room we had only S20,OOO,OOO in
gold; to-day we have $IJG,G60,S6 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 S1,756, ,491 ,46f.31
all Of which is hard cash. OF this
amount 81 2233, T05, $780, in coin is held
| on deposit to secure the payment OF
ST56, ,665, 800 gold certificates, $471 ,525,-
coo silver certificates. and $5,515,GOO
treasury notes outstanding. The treas
ury reserve. which is kept by Jaw,
amounts to S1JO,OOOOOO. The cash bal,
arce available to pay the current ex-
pcnses of the government on Dec. Il
was $3.50, ,7G2, ,3O9.65.
Uncle Sam does not keep all Of his
money in Washin-tOn, although there
is a good deal of it here. The remain
der is scattered among the different
subtreasures, minis and national bank
repositories as follows:
Treasury, Washington ..$1Io,9ll ,S4j.l9
Subtreasurv. New York. 27O,G23 997.S7
Subtreasury, Baltimore 16,O21 OBI
Subtreasury, Philadelphia. 1S,9GS,S2o'OO
Subtreasury, BostOn...... 19.92S,2' i'9o
Subtreasury, Cincinnatl. 13,411 ,SS2.o9
SUbtreasury, Chica@o. oo,OS3,So2.'-
Subtreasury, st. Louis... lS,OCOSG2.4O
Subtreasury, New Orleans 23,60962O.S9
Subtreasury, San Francisco 333,43O69}.l9
Mint, Philadelphia. ....... 354,l'S'ol l.I2
| Mint, Denver ........... Ho,1io'O''1
Mint, New Orleans. 33,302,Si i.1t
Mint. San Fraucisco.... 33222 iS",I II 10
A,yov office New York;. 79,SJS, ,32J27
National banks ...... PAT, 2S4, ,4J5.69
Treasury Philippine Islands 3,195,399.o9
Ir transit between offices. 49O, 'oo'fo
In addition to the working balance
and the reserve, there is total of
1911. .736, ,12S in bonds in the vaults at
Washington, of which S633, ,535,970 is to
secure circulation Of national banks and
SITS 2OO.15 to secure deposits in ma
tional banks. An additional sum of
S1O3. .75l. $3.50 is deposited for similar
purposes in the snbtreasuries Of New
York and San Francisco, making to-
tai of S915. 5.4S7;'1S of other peoples
| ,,,onn.. In I-nnln Snm'S Chnrra