Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1908-04-03
Treasury Figures Show that the
Per Capita Is in Excess
of $I,3Io.
VAST GROWTH OF 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, forty-two years
ago, and he furnished me with some
very interesting and rather startling
comparisons, writes William ID. Curtis,
the Washington correspondent For
example, the wealth of the country,
which, Of course, has kept pace with
the transactions of the treasury, ia
three and one-half times greater today
than 1t was In 1870. The total then
was $50, 0,06S,51S,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 S107, 104,211, ,917.
The wealth per capita of citizens Of
the United States, based upon similar
estimates, has increased from S779.Ss
In 1870 to S1,310.11 in 1907, which
makes the United States, with Its enor.
nous population, the richest country In
the world.
The money in circulation has increas.
ed four-fold since Major Quaiffe came
into the treasury. The total in 1870
was $675,212,794, while on Jan. 30,
1907, 1t was $2,914, ,342, ,258. The circu-
lation per capita has almost doubled,
Notwithstanding the present money
famine, and has increased from $3.50
to $33.S6 during the last forty-two
years.
I When Major Qualffe came into the
cash room we had only $25,0O0,000 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 1858, ,705, ,SG9, In coin is held
on deposit to secure the payment Of
$156, 6,665,S69 gold certificates, $471 ,o25,-
600 silver certificates, and $5,515N0O
treasury notes outstanding. The treas
ury reserve. which Is kept by Jaw,
amounts to S15O,OOO,OOO. The cash bal
apce available to pay the current ex'
pcnses Of the government on Dec ID
was $3.50, 7G2, ,3O9.65.
Uncle Sam does not keep all Of his
money In Washington, although there
is good 9lof It here. The remain
der is scattered among the different
subtreasuries, mints and national bank
repositories as follows
Treasury, Washington :. .S175,871, ,S4J.1D
Subtreasury, New York. 27O,623,937 81
Subtreasury, Baltimore :. 16,027 ,023.41
Subtreasury, Philadelphia. 1S,98S, $4,000
Subtreasury, Boston. ..... 19,928,27 100
Subtreasury, Cincinnati. 13,417, ,SS2. SO
Subtreasury, Chicago. -. 55,0S3, ,SO2.7 .72
Subtreasury, st. Louis. $4,000, ,SG2.4 40
Subtreasury, New Orleans 23,659,620.80
Subtreasury, San Francisco 83,430, ,893. 70
Mint, Philadelphia. ...... 354,17S,51l.72
Mint, Denver ........... 5S,37O,907 10
Mint, New Orleans. .... 33,392,S71. "a
Mint, San Francisco. 80. 22,493,714 10
Assay office, New York.. 79,S5S,323.27
National banks ....... 246, ,2S4, ,455.69
Treasury Philippine Islands 3,795,399.59
In transit between Offices. 498, 40
In addition to the working balance
and the reserve, there Is total of
SS11, ,736,12S in bonds In the vaults at
Washington, of which S633, ,070 is to
secure circulation Of national banks and
S17S,2O0,1 ,15S to secure deposits In ma
tional banks. An additional sum of
S1O3, 751 $3.50 Is deposited for similar
purposes In the subtreasuries Of New
York and San Francisco, making to-
tai of 1915, 4S7 ,51s Of other peoples
money in Uncle Sans charge.