The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-09-03
AUGUST DEFICIT
MORE THAN SEVEN
MILLION DOLLARS
UNCLE SAM rs SPENDING MORE
THAN ne rs EARN.
ING.
THE PANAMA CANAL ;HORTAGE
Comptroller of the Currency Issues
Monthly Circulation Statement.
Some Good Increases Are Shown
in the Report.

WASHINGTON, Sept 2.-There
was deficit of s7,411, 72S in the ordi
nary receipts and disbursements OF
the Treasury Department for the
month of August, as compared with
one of $13, 103,9 49 for July. AS the
greater number of the general appro,
priations become available for the use
of the various branches of the govern.
ment during July, the first month OF
the fiscal year, the reduction in the
deficit in August is largely accounted
for.
There was also a smaller deficit in
the receipts and disbursements for
the construction of the Panama canal,
the shortage being s3,O7O219 for July,
and $1,000, 1927 for August.
From the customs receipts the
Treasury Department received $685.
$50 625 for August, while the receipts
from the same source in July were
S29 963 161. During August s19,71S,-
76S was received from internal taxes,
and $2,773,383 was obtained from mis-
ficiency for August amounted TO So,
100000 as compared with half that
amount Tor July. The War Depart
ment used over s12.O0O,00O during the
last month, while the maintenance OF
the navy calls for little more than
$40, 100000
The public debt less the cash bal
ance in the Treasury at the opening
of business today was s1,O47521211
This does not include S1343, 211,S6
in certificates and Treasury notes
which is Offset by an equal amount
of cash in the Treasury The recapit-
ulation Of the debt shows 1913, 317 400
in interest bearing debt, s2,S14475 in
debt on which interest has ceased
since maturity, and S380,411144 in
debt bearing no interest
The statement Of cash in the Treas
my shows a total of $1,722,230.121, di-
vided as follows: Reserve funds, gold
coin and bullion, $15O0O0,0O0; trust
funds, s1,343, 211,S69 to offset certifi-
Gates and Treasury notes; general
fund. $3.50, 094,234; in national bank
repositories, s54,O22,746, and in the
treasury Ct the Philippine Islands, So
901271
The month Of August was a decid-
edly inactive one for the minis Of the
United States, the monthly statement
issued today by the Mint Bureau of
the Treasury Department showing
that only s2.94,79O was coined during
the past month OF this amount $112,-
900 was in silver half dollars, and
s1S2.29 in the new Lincoln pennies.
The United States Government also
coined s64S,000 peso pieces for the
Philippine Islands.
The monthly circulation statement
issued by the Comptroller of the Cur
rency shows that at the close of busi-
ness on Aug 81, 1909, the amount OF
national bank notes outstanding was
s69S.S45,474, an increase for the year
of $13,519,366 and an increase for the
month of s3,491 $40. The amount of
circulation secured by United States
bonds was 1872, 1858, 695, an increase
for the year of $46,276702, and an in
crease for the month of $4,754,964.
The circulation secured by lawful
money amounted to S26,581,779, de-
crease for the year of $32, 757,336, and
a decrease for the month of $1,263,654
The amount of bonds on deposit to
secure circulation was $672,925,700.