The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1908-03-27
Treasury Figures Show that the
Per Capita Is In Excess
Of $3.50.
VAST GROWTH OF FINANCES.
Money In Circulation on Jan. &
Last Was Nearly e3,ooo,-
100000.

0AuJVE RllACu H. SkudAAop VUuSS VIVIAN |
Of the United States treasury, who has
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 hi
came into the service, >forV-two years
ago, and he furnished me with some
very interesting and rather startling
comparisons, writes William q. Curtis,
tho Washington correspondent. For
example, the wealth of the country,
which, Of course, has kept pace with
the transactions Of the treasury, 70
three and one-half times greater to-day
than 1t was in 1870. The total then
was $50, 068 518, OOO.l The estimated total
to-day, based upon the census reports
and information received by the Ayri-
cultural Department, the Secretary Of
the Treasury and the Comptroller Of
the Currency, is $107, 104, 211,917.
The wealth per capita Of citizens OF
the United States, based upon SIMILAR
estimates, has increased from $774.S3
in 1870 to S1,31O.11 in 1907, which
makes the United States, with its enor-
nous population, the richest country in
tie world.
The money in circulation has increas
cd four-fold since Major Quaiffe came
Into the treasury. The total In 1870
was $675,212,704, while on Jan. 90,
1907, 1t was $2,914, 342,256. 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 $25, 900 in
gold; to-day we have $756,665, 1863 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 $1,766, 491 ,464.31
all Of which is hard cash. OF this
amount 81 ,2S3, 1885, 1863, In coin is held
on deposit to secure the payment Of
$756, $685. gold certificates, SAL, 525,-
600 silver certificates, and $5,515, roo
treasury notes outstanding. The treas
ury reserve, which Is kept by law,
amounts to S150,OOOOOO. The cash bal.
apce available to pay the current ex.
pcnses of the government on Dec. II
was $3.50, 7G2, 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: y
Treasury, Washington .S175,971 $40. 70
Subtreasury, New York. 27O,623, 937 81
SUI lreasury, Baltimore E. 16,O27 ,O23.41
Subtreasury, Philadelphia. 1895, 5000
Subtreasury, Boston. ..... 1928, 27i .9(
Subtreasury, Cincinnati. 13,417 ,S82.5
Subtreasury, Chicago. 80. 65,OS3, 8O2. u
Subtreasury, st. Louis. 1900 SGo .4C
Subtreasury, New Orleans 23,859, 620.8s
Eubtreasury, San Francisco 33, 43O, 500. rs
Mint, Philadelphia. ...... 1854, 118,511.7.
Mint, Denver ........... 5S,37O.9O7. IL
Mint, New Orleans. ..... 1892, 871 "a
Mint. San Francisco. 500, 4s3,714 II
Assay Office, New York.. 79S58, 325.2i
National banks ......... 246, 1884, 455 81
Treasury Philippine Islands 8, 795, 800 81
IN transit between Offices. 1876, 78S.4'
In addition to the working balanc'
and the reserve, there Is a total o.
$811, 788, 128 in bonds in the vaults a
Washington, Of which $633. 535, $40 is t.
secure circulation of national banks AND
SITS, zoe, 1853 to secure deposits in na
tional banks An additional sum O
S1O3, 761 1850 is deposited for slmila
purposes in the subtreasuries Of New
York and San Francisco, making a to
tai Of $915,4s7,51s Of other people,
money in Uncle Sans charge.