Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1908-03-28
Treasury Figures Show that the
Per Capita Is In Excess
of SI,5Io.
VAST GROWTH OF FINANCES.
Money in Circulation on Jan. 80
Last Was Nearly $4,000
100000.

of the United States treasury, who has
charge of Uncle Sans money, called |
my attention the other day to the al |
Of the Treasury Department since ne
came into the service, forty-two years
ago, and he furnished me with some
very interesting and rather startling
comparisons, writes William u. Curtis,
the Washington correspondent FOR
which. OF course, has kept pace with
the transactions of the treasury, Is
three and one-half times greater to-day
than it was in 1870. The total then
was S30,O6S.51s,00O. The estimated total
to-day, based upon the census reports
cultural Department. the Secretary OF
the Treasury and the Comptroller Of
the Currency, is S107, 1O4, 211,917.
The wealth per capita of citizens of
the United States. based upon similar
estimates, has increased from $779.S3
in 1870 to s1,31011 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, 1914 while on Jan. 30,
1907, 1t was S2,914, $40 $50. The circu-
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 Quaiffe came into the
cash room we had only S25, 100000 In
gold; to-day we have S756,665. $50 in
gold coin In the treasury alone, not
counting that in circulation and hoard
ed away.
Uncle Sans working capital on Dec.
II, 1907, amounted to S1,756,491 ,464.31
all Of which is hard cash. or this
amount 1,233, 705 800, In coin is held
on deposit to secure the payment OF
$756,66 500 gold certificates, SAT- ,525, :
coo silver certificates, and S5515, 900
treasury notes outstanding. The treas-
ury reserve, which is kept by Jaw,
amounts to S1500OO,OOO. The cash bal
apce available to pay the current ex-
penses OF the government on Dec. "a
was $3.50, 7C2. 309.65.
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 ...$175, 971, S4j.79
Subtreasury, New York. 27O,623, 997.S
| Subtreasury, Baltimore .. 16,027 ,023.4
Subtreasury, Philadelphia. $685. 5000
Sabtreasury, Boston. ..... 1929, 81 100
| Subtreasury, Cincinnati. 1917 $50. SO
Subtreasury, Chicago. -. 55,OS3, SO2 Y
Subtreasury, st. Louis. $4,000, SG2 &C
Subtreasury, New Orleans 23,659,6 20.Ss
Subtreesury, San Francisco 33.43O,60 rs
Mint, Philadelphia. . 354, 17S.51l.7.
Mint, Denver ......... 5S,37O,9O7. Is
Mint, New Orleans. ..... 1892 81 l 81
Mint, San Francisco. 80. 800. 4S3 IA Il
Assay office, New York. 79.S5S, 325 81
National banks ....... DAG, 2S4, 45I .6s
Treasury Philippine Islands 3,T95, 399 IS
In transit between Offices. 496. 7SS A
In addition to the working balanc,
and the reserve, there is a total O.
SSH 1861 in bonds in the vaults n
Washington, of which 1888. 535, $40 Is t
secure circulation of national banks anC
Sis, 200, 15S to secure deposits in ia
tional banks. An additional sum o
s1O3, 751, $3.50 is deposited for simila
purposes In the subtreasuries Of New
York and San Francisco, making TO
tai of 1915, 4s7,5lS of other people
money in Uncle Sans charge.