The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-10-08
THE PUBLIC DEBT
IS DAY BY DAY
GROWING LARGER
HEAVY CUT IN EXPENSES DOES
NOT SHIFT THE
BALANCE.
TREGSUWtR'S MONTHLY REPORT
Panama Canal Disbursements Played
Part in Causing oehe.t-More
Money Comes From Internal Rev
enue Tax.

WASHINGTON. Oct "A cut OF
practically sS.5OO,OOO in the excess of
ordinary disbursements over ordinary
receipts thus far this fiscal year, as
compared with the corresponding
period of last year, S1,O00,OOO
month gain in internal revenue, and
an increase of almost s19,000,000 in
customs for July, August and Septem-
Der as compared with the same
period a year ago. are shown in the
monthly Treasury reports issued Fri
day Treasury officials expressed
qualification at the figures.
The balance in the general fund, or
available cash in the Treasury, is
s94.2O6,114, exclusive Of the $780,
900. 900 reserve fund, made up of gold
coin and bullion held for the re-
demption of $346,6Sl ,O16 of United
States Treasury notes. and $4,O71,O0O
of Treasury notes of 1890. The bal
ance in the Treasury, exclusive of re-
serve and trust funds, decreased So
744,757 during the month.
The public debt grand aggregate
is s2.64S, 6O2,S45, an increase of ST.
O5S.235 for the month. But this in
cludes $1,353059,369 of certificates
and Treasury notes, which are OF
set by an equal amount of cash in
the Treasury. This leaves the inter
est and non-interest bearing debt OF
the Government, exclusive Of these
trust funds, $1.295.542,9 an in
crease of only $97,295 for the month.
The excess of all disbursements
over all receipts, and this includes
not only ordinary items, but Panama
Canal and public debt figures, was
$3744,757 for the month and $S2,-
! 169315 for the fiscal year SO far,
period of three months, against $685.
118.774 for the corresponding period
of last year. The excess OF Panama
Canal disbursements over receipts
was s3.1SS,466 this month, and So
262,SO7 so far this fiscal year, against
S6,126.721 for the same three months
of last year Receipts on account OF
the public debt exceeded the dis
bursements on that account by $64,-
895 this month, but for the three
months period the disbursements ex-
ceeded the receipts by $2,722,395,
which stands AGAINST S30,371,6S0 for
the same period last year, when over
$42,0O0,00O of lawful money was paid
for national bank notes retired under
the act of July IA, 1890.
Stripped of these Panama Canal and
rublic debt figures the ordinary re-
ceipts aggregate $52,347659 this
month, and 1851 ,OO6,517 for this fiscal
wear Ca decrease Of almost S19.O0O.-
OOO). and disbursements $52,96S,S 45
this month, and $1S2,14O,629 for three
months, making the excess of ordi-
nary disbursements over receipts
s621,1S6 this month, and $21,134,112
for three months. the last named fig
ure being decrease of $8,486,262
from the corresponding period last
year. The receipts from customs for
September were s27334,663; internal
revenue, $21,276,732 and miscellan-
eous receipts $3,136,265. For civil
and miscellaneous purposes the Treas
ury expended $11,S46,623; war, $14,-
S49,544; navy $1OS47,7S9; Indians,
s1,OS9,549; pensions, $13,114,5O5; pos
tai deficiency, $S,OO1 ,O61 of unexpend-
ed balances.
There were $31,S90,066 national
bank notes received for redemption,
and 1871 sol $40 worth of bonds were
held in trust for national banks. In
national bank depositaries there are
s5O,604, 1928: in the treasury of the
Philippines, $4,SO0S9S. and in the
Treasury offices s21611,179.
The total national bank notes out
standing secured by United States
bonds and lawful money today is $7o2,-
SO7,459 against 1875, 626,327 year ago.
as shown by tt monthly statement
of the Comptroller of the Currency.