The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-02
JULY STATEMENT
OF U. S. TREASURY.
Uncle Sam Has Total Of S1,733'-
o57,So8 of Cash in His
Strong Box.

Washington, Aug. IA grand totaA
of cash in the Treasury Of sl,faS,oo1 %. .
sos. a total balance in the genera
fund of $92356,224; working nalanee
in the Treasury offices of soo,eoS'oIf'
and decrease OF s5o3.136 in the pup
lie debt during July is the way ehe
monthly Treasury statements SUI"
the situation to-day.
The total ordinary receipts LOT july
were sbS,s17953, and the disours '
ments s6s,411.709, exclusive Oh as
bursements Of S4,i41,56s for the rama,
ma Canal and of sl,726,ss2 on accouii'
of the public debt and or alsourse
ments of s2,230,0l9 on that accoun.
The excess OF all disour sei''el.s w.
MI receipts is s14,5Ss,a51 against an
Wees Of s1s,637,S74 in all disburse.
mentg over all receipts in July. 1909
The total ordinary receipts which
rnean those outside of the canal ana
tho public debt, were approximately
81. 900. 900 greater than in July OF last
year. while the ordinary disburse-
ments were approximately sl'loo.oVo
more than the same comparative date
The latter increase is partially &C.
counted for by the S1.3oo,ooO more
paid on the census the past month
| than in the previous July The cor
poration tax, aggregating S6,l17,25s
| this month, helped to account LOT the
Increased receipts
| The customs receipts Of $25,051.511
market falling off Of virtually $780,.
! 600 from July of last year, attribute.
bic in part at least to the rush Of i'm
| portations lust prior to the passage
I OF the tariff bill last summer. The
4 internal revenue, outside OF the cor
/ poration tax, amounted this month to
s23,464469 which Is approximately
s2,256,O 900 more than during the Dreyi-
! Gus July.
The miscellaneous receipts also
| showed slight increase. The dis.
bursements run about even between
the two dates except that the civil
and miscellaneous payments, which
includes the large census outgo, over.
ran the same account for July. 1903,
by more than s4,3oo.oo0
There are now In existence 7.ls2 ma
tional banks, with an authorized capt.
tai of sl,o03,T17.135. These include
nineteen with capital Of sss5.ooo
authorized during July to begin bust
ness, of which eleven had individual
t capital of less than $4,000, and the
others more than that amount. TWEEN.
, ty-one applications were received dur
5 ing the month Altogether there have
been 9.s22 national banks SO far or
ganized, of which $50 have discon.
q tinued business.
MI The total amount of national banl
circulation outstanding is SIP .029.S2S
y of which sss4.46s,093 is secured BY
;. bonds, and s27,561.735 is covered By
q lawful money OF a like amount de
81 posted with the United States Treas
" urer on account OF liquidating and in
y solvent national banks and associa
~ lions which have reduced their circu
81 latton.
a Out of s36.oOo,ooo of the $3.50 gol,
o. pieces outstanding. almost 100000
q. worth are in the Treasury vaults, an
), the minting Of these coins has bee
% ordered discontinued for the presen
fiscal year. because they are in it'll
"a demand
"a The movement for the formation O
emergency currency associations t
~ enable the banks to Issue additions
currency in financial crises. a precau
tionary measure adopted by Secretar
MacVeagh at what he regarded as a
opportune time OF financial calm, con
tinued. Inquiries as to what step
n are necessary along this line were re
- ceived at the Treasury to-day fro,
a. a. banking interests in Cincinnati, CO
lumbus. New Orleans, Decatur, Ill.,, an
New Albany, Ind. making ninetee
which so far have taken steps In tn
~ direction.
d. The bylaws Of the associatio,
le, formed in Washington. New York ar
ak Philadelphia already have been a,
~. proved. though Philadelphia has yet
''e file Its certificate with the Treasur
and the bylaws submitted by the pr
posed association at Atlanta virtual
an have been approved
ID;