New-York tribune., 1910-09-02
PUBLIC DEBT INCREASE
Due to Excess of Bank Deposits
Over RedemptionS.
AUGUST TREASURY REPORT
Receipts, S54,969,253; Dis
bursements, S5S,53S,787-
Crop Movement in Hand.

WASHINGTON. Sept. With an increase
-f s3.27S.325 in the public debt. and a total
deficit of s17.S71 ass oS. the United States
Treasury closed the second month Of the
fiscal wear keeping on an even keel an
circumstances considered. with working
balance of $40. .o57 2S on hand and the
general fund down to sSe.52S.2o7 80.
The increase in the public debt, which is a
,or,rJete turnover Of four millions in round
numbers from the month Of July, Is due
largely to an excess of national hank de-
r>osits over redemptions. The general rule
Of excess Of expenditures over receipts dur
.nr July and August is also q contributor.
Those who have observed closely the
fluctuations Of the working balance during
the last month affect to find satisfaction
in that II Is a shade better than at the
close Of July. even If there has been
drop Of approximately three millions in the
general fund The dehcit. too, of sl7,ooo.eoo
IS a round s1o.oo0.o 600 under what it was
q year ago al this time and progressive
condition is apparent in the comparison OF
receirts and disbursements with those OF
this date in the last fiscal wear
Total receipts in the month Of August
were s54 qeq. .253 s4 roughly s5,o0o,Oo0 more
.han for the same month last year Ihls
brings the receipts Of this year over the
Sis. coo. .OaG mark and S5.0oo.ooo better than
those of the preceding year
disbursements. on the whole and in the
ssoe Of a natural condition which bears upon
r good showing, still give evidence of the
policy OF economy which has become one
of the first considerations Of the admin
s+ratfon. With drain Of about 81, 100000 a
month for the Panama Canal, the ordinary
disbursements for August totalled S5S55e,-
81 - running a shade ahead Of the same
month last wear $4,000. 600 under last
month. and making S126.e5o.49s 90 for the
present year some 81, 100000 better than
The record for the same time a year ago
The Panama Canal expenditures fer this
wear are brought I'D 10 s6.e7s.365 so
For the month alone the government was
pro1nd s. 4cda0spn behind on the ordinary re-
r-eipts. Customs receipts jumped up S.ooo.-
tsA and about $50 600 came III from the cor
-orrs-ion tax Internal revenue netted 81
600 less than last month The govern
,11ent goes into the third month of the year
with ? grand total Of S.746.s76,Sl4 s. cash
.r the treasury.
National bank notes outstanding amount
20 S7l7.sZ1. .g51- an increase during the month
Of about 100000 and an increase OF bout
S1snaooio over a year ago The deposits Of
bonds and money which have been made
10 secure the increases are about even
Twelve new banks. with capital of s.
1s5 Ta0 we're authorized 10 begin business
curing the month. and there are now in
existence 7.Is4 national banks. With com
iined capital of more than S.o30oo0.oeo.
Reports of the week from national bank
examiners in the Middle West where some
apprehension had been felt. indicate q con-
clifton which is satisfactory. and Treasury
officials believe the bankers there have the
situation well in hand for the crop move
Jnent No extra ordinary demands upon the
Eastern financial market are likely Loans
ere being made carefully, rates Of interest
have been raised 10 check the borrowing
for luxuries and high living, and the f1nan-
cal centres Of the Middle West and the
Far West appear 10 be well equipped to
meet the demands that are sure TO grow
:n the next few weeks,